id
stringlengths 7
10
| query
stringlengths 559
87.6k
| answer
stringlengths 16
1.58k
| text
stringlengths 288
87.3k
|
|---|---|---|---|
edtsum3916
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: VANCOUVER, BC, March 24, 2021 /PRNewswire/ -- USA News Group - After a recent downturn, global lithium demand is expected to rise nearly 150% from an estimated 47,300 tonnes in 2020 to 117,400 tonnes in 2024. In time for 2024's projected demands, production will be supported not only by existing operations but from technological advancements and new projects. A much-hyped innovation called Direct Lithium Extraction (DLE) is currently being tested by junior miner Lithium South Development Corporation (TSX.V:LIS) (OTCQB: LISMF) that could have game-changing implications on their project's neighbours such as SQM (NYSE:SQM), Livent Corporation (NYSE:LTHM), POSCO (NYSE:PKX), and Lithium Americas (NYSE:LAC) (TSX:LAC). Test work for this DLE technology is currently being conducted on Lithium South's (TSX.V:LIS) (OTC:NRGMF) Hombre Muerto North Lithium Project (HMN Project), located in Salta and Catamarca Provinces, Argentina. Key to the excitement surrounding DLE's advancements are its significant increases in production speed, recoveries, and supply security. Traditional evaporation methods require upwards of 18 months to produce lithium, at rates that run between 30-40%, and expose operations to weather susceptibilities such as dilution and flooding. Through the implementation of DLE, production time can be shaved down from months to mere hours, and can potentially more than double the recovery rates to ~80-90%. China's Sino Lithium and its subsidiary Chemphys are developing the DLE process on behalf of their partners Lithium South Development Corporation (TSX.V:LIS) (OTC:NRGMF). Bench scale test work of the new technology have been completed, as results are currently under review by Canadian firm Hains Technology Associates. The pilot test unit has already been constructed and is undergoing commissioning in China. Pilot test work will involve using bulk samples of brine from Lithium South's HMN project. Scheduled for Q4 2020 are both the results for the bench scale test work, and the completion of pilot test work. Once the pilot test work has been completed in China, it's expected that the unit will be shipped to Argentina in 2021. The HMN Project is located in the same Argentinian premier lithium producing salar, Hombre Muerto Salar, as that being developed by Korean multinational corporation POSCO (NYSE:PKX). Paying out US$280 million for the rights to the project, POSCO secured its own position in the Lithium Triangle from Galaxy Resources, and is in the process of constructing its pilot plant on the project which has reserves of approximately 1 million tonnes LCE. Through the HMN Project, Lithium South has its own 571,000 tonnes LCE in play to develop. A Preliminary Economic Assessment involving traditional evaporation methods was previously conducted for the HMN projecting only a US$98 million capex. As per the terms of their partnership agreement, Chemphys has a 100% off-take agreement in place for the HMN, while SinoLithium has agreed to fully fund the DLE laboratory and pilot testing programs under QP supervision, and 30% of the cost of the Feasibility Study. Back in 2019, Livent Corporation (NYSE:LTHM) announced their own intention to bolster DLE's viability, through an investment in a Canadian company also developing the technology. Major lithium producers and academics have been researching DLE technology for decades, however it's more recently that the lithium industry has looked more seriously into the innovative technique. Livent's Fenix Lithium Mine is only 12km is south of Lithium South's HMN Project. POSCO's Sal de Vida also encompasses much of the ground around the HMN. Much further North within the Lithium Triangle is the Cauchari-Oloroz project that's 50/50 owned by SQM (NYSE:SQM) and Lithium Americas (NYSE:LAC) (TSX:LAC). This year has been significant for the Vancouver-based Lithium Americas, having seen its shares surge +215% year to date. At the end of Q2 2020, construction on the Cauchari-Oloroz project was 47% complete. Progress on the project continues with focus on the carbonate plant civil works and the lime plant construction. According to the companies, all critical equipment remain on track to be delivered by the end of this year, with construction expected to be completed by year-end 2021, and production in early 2022. For More Information, please visit: https://lithium-news.com/2021/03/03/doubling-of-global-lithium-demand-expected-to-power-ev-battery-revolution/ Article Source: USA News Group http://USAnewsgroup.com [emailprotected] DISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for Lithium South Development Corporation advertising and digital media from the company directly. There may be 3rd parties who may have shares of Lithium South Development Corporation, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Lithium South Development Corporation which were purchased as a part of a private placement. MIQ will not buy or sell shares of Lithium South Development Corporation for a minimum of 72 hours from the publication date on this website (March 3, 2021), but reserve the right to buy and sell, and will buy and sell shares of Lithium South Development Corporation at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. USA News Group is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner withUSANews Group or any company mentioned herein. The commentary, views and opinions expressed in this release byUSANews Group are solely those ofUSANews Group and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements. Media Contact Information:FN Media Group, LLCMedia Contact e-mail:[emailprotected]U.S. Phone: +1(954)345-0611 SOURCE USA News Group
Answer:
|
Lithium Extraction Technology Advancements Being Studied Ahead of Metal's Expected Demand Surge - FN Media Group Presents USA News Group News Commentary
|
VANCOUVER, BC, March 24, 2021 /PRNewswire/ -- USA News Group - After a recent downturn, global lithium demand is expected to rise nearly 150% from an estimated 47,300 tonnes in 2020 to 117,400 tonnes in 2024. In time for 2024's projected demands, production will be supported not only by existing operations but from technological advancements and new projects. A much-hyped innovation called Direct Lithium Extraction (DLE) is currently being tested by junior miner Lithium South Development Corporation (TSX.V:LIS) (OTCQB: LISMF) that could have game-changing implications on their project's neighbours such as SQM (NYSE:SQM), Livent Corporation (NYSE:LTHM), POSCO (NYSE:PKX), and Lithium Americas (NYSE:LAC) (TSX:LAC). Test work for this DLE technology is currently being conducted on Lithium South's (TSX.V:LIS) (OTC:NRGMF) Hombre Muerto North Lithium Project (HMN Project), located in Salta and Catamarca Provinces, Argentina. Key to the excitement surrounding DLE's advancements are its significant increases in production speed, recoveries, and supply security. Traditional evaporation methods require upwards of 18 months to produce lithium, at rates that run between 30-40%, and expose operations to weather susceptibilities such as dilution and flooding. Through the implementation of DLE, production time can be shaved down from months to mere hours, and can potentially more than double the recovery rates to ~80-90%. China's Sino Lithium and its subsidiary Chemphys are developing the DLE process on behalf of their partners Lithium South Development Corporation (TSX.V:LIS) (OTC:NRGMF). Bench scale test work of the new technology have been completed, as results are currently under review by Canadian firm Hains Technology Associates. The pilot test unit has already been constructed and is undergoing commissioning in China. Pilot test work will involve using bulk samples of brine from Lithium South's HMN project. Scheduled for Q4 2020 are both the results for the bench scale test work, and the completion of pilot test work. Once the pilot test work has been completed in China, it's expected that the unit will be shipped to Argentina in 2021. The HMN Project is located in the same Argentinian premier lithium producing salar, Hombre Muerto Salar, as that being developed by Korean multinational corporation POSCO (NYSE:PKX). Paying out US$280 million for the rights to the project, POSCO secured its own position in the Lithium Triangle from Galaxy Resources, and is in the process of constructing its pilot plant on the project which has reserves of approximately 1 million tonnes LCE. Through the HMN Project, Lithium South has its own 571,000 tonnes LCE in play to develop. A Preliminary Economic Assessment involving traditional evaporation methods was previously conducted for the HMN projecting only a US$98 million capex. As per the terms of their partnership agreement, Chemphys has a 100% off-take agreement in place for the HMN, while SinoLithium has agreed to fully fund the DLE laboratory and pilot testing programs under QP supervision, and 30% of the cost of the Feasibility Study. Back in 2019, Livent Corporation (NYSE:LTHM) announced their own intention to bolster DLE's viability, through an investment in a Canadian company also developing the technology. Major lithium producers and academics have been researching DLE technology for decades, however it's more recently that the lithium industry has looked more seriously into the innovative technique. Livent's Fenix Lithium Mine is only 12km is south of Lithium South's HMN Project. POSCO's Sal de Vida also encompasses much of the ground around the HMN. Much further North within the Lithium Triangle is the Cauchari-Oloroz project that's 50/50 owned by SQM (NYSE:SQM) and Lithium Americas (NYSE:LAC) (TSX:LAC). This year has been significant for the Vancouver-based Lithium Americas, having seen its shares surge +215% year to date. At the end of Q2 2020, construction on the Cauchari-Oloroz project was 47% complete. Progress on the project continues with focus on the carbonate plant civil works and the lime plant construction. According to the companies, all critical equipment remain on track to be delivered by the end of this year, with construction expected to be completed by year-end 2021, and production in early 2022. For More Information, please visit: https://lithium-news.com/2021/03/03/doubling-of-global-lithium-demand-expected-to-power-ev-battery-revolution/ Article Source: USA News Group http://USAnewsgroup.com [emailprotected] DISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for Lithium South Development Corporation advertising and digital media from the company directly. There may be 3rd parties who may have shares of Lithium South Development Corporation, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Lithium South Development Corporation which were purchased as a part of a private placement. MIQ will not buy or sell shares of Lithium South Development Corporation for a minimum of 72 hours from the publication date on this website (March 3, 2021), but reserve the right to buy and sell, and will buy and sell shares of Lithium South Development Corporation at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. USA News Group is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner withUSANews Group or any company mentioned herein. The commentary, views and opinions expressed in this release byUSANews Group are solely those ofUSANews Group and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements. Media Contact Information:FN Media Group, LLCMedia Contact e-mail:[emailprotected]U.S. Phone: +1(954)345-0611 SOURCE USA News Group
|
edtsum3922
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: RENO, Nev., July 7, 2020 /PRNewswire/ -- Real-time advertising for businesses to reach consumers has been released as an app, ArvzApp. The app officially went live this week for both iOS and Android devices. Continue Reading ArvzApp, the App that knows Wussup ArvzApp, the App that knows WussUp ArvzApp, the App that knows WussUp ArvzApp was created to enhance mobile business engagement. The mobile app enables businesses to keep in touch with their customers through the current rapidly changing times. Customers and travelers can be informed of guidelines, procedures, and hours. Proprietors control and upload high-quality photos and video clips with options for live streaming. QR codes are generated for businesses to enable hands free menus and customized options. With a custom QR code feature, ArvzApp is the alternative to a paperless solution. The ArvzApp brand character, ARV(Alien Resident Visitor) demonstrates no matter where you are, the user will be able to find out WussUp around them. ArvzApp Mobile App Brings: Geo Based Technology Custom QR code generated for businesses Push Notifications Businesses control their own content Live Camera Streaming Free Business Trialfor 2 months Free download from both the Apple App Storeand Google Play Store. ArvzApp was designed by creative visionary, designer and Co-Founder, Michael Kungl. "I wanted to be involved with a product that was not only fun to interact with but one that was visually captivating for businesses to capitalize on their market reach." Michael L. Kungl, Co-Founder | Disney / StarWars ArtistFor more information, or to read more about the mobile traveling app, visit ArvzApp.com. Check out the ArvzApp videoto see WussUp.Media Contact:Dana Marie, Director ArvzApp Inc.[emailprotected](949) 285-1218"ArvzApp, the Social App that Knows WussUp"SOURCE ArvzApp, Inc. Related Links https://www.arvzapp.com/
Answer:
|
ArvzApp Releases App to Help Businesses Connect to Customers in Real Time
|
RENO, Nev., July 7, 2020 /PRNewswire/ -- Real-time advertising for businesses to reach consumers has been released as an app, ArvzApp. The app officially went live this week for both iOS and Android devices. Continue Reading ArvzApp, the App that knows Wussup ArvzApp, the App that knows WussUp ArvzApp, the App that knows WussUp ArvzApp was created to enhance mobile business engagement. The mobile app enables businesses to keep in touch with their customers through the current rapidly changing times. Customers and travelers can be informed of guidelines, procedures, and hours. Proprietors control and upload high-quality photos and video clips with options for live streaming. QR codes are generated for businesses to enable hands free menus and customized options. With a custom QR code feature, ArvzApp is the alternative to a paperless solution. The ArvzApp brand character, ARV(Alien Resident Visitor) demonstrates no matter where you are, the user will be able to find out WussUp around them. ArvzApp Mobile App Brings: Geo Based Technology Custom QR code generated for businesses Push Notifications Businesses control their own content Live Camera Streaming Free Business Trialfor 2 months Free download from both the Apple App Storeand Google Play Store. ArvzApp was designed by creative visionary, designer and Co-Founder, Michael Kungl. "I wanted to be involved with a product that was not only fun to interact with but one that was visually captivating for businesses to capitalize on their market reach." Michael L. Kungl, Co-Founder | Disney / StarWars ArtistFor more information, or to read more about the mobile traveling app, visit ArvzApp.com. Check out the ArvzApp videoto see WussUp.Media Contact:Dana Marie, Director ArvzApp Inc.[emailprotected](949) 285-1218"ArvzApp, the Social App that Knows WussUp"SOURCE ArvzApp, Inc. Related Links https://www.arvzapp.com/
|
edtsum3929
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, March 3, 2021 /PRNewswire/ --Actinium Pharmaceuticals, Inc. (NYSE AMERICAN: ATNM) ("Actinium") today announced the appointment of Mark Kubik, MBA to the position of Chief Business Officer (CBO). In this role, Mr. Kubik will be responsible for leading the Company's business development activities including collaboration and partnership activities as well as portfolio and alliance management. He will focus on leveraging Actinium's AWE technology platform, which encompasses Actinium's strong intellectual property portfolio, know-how and research capabilities, and pipeline of ARCs or antibody radiation conjugates to drive business development activity. Mark joins Actinium from OncoImmune where he was CBO and led the process and execution that resulted in OncoImmune being acquired by Merck in November 2020, for $425 million up front with additional contingent regulatory and sales milestones and royalties. Across his 25-year career, Mark has established a successful track record of transformative deal creation and productive alliances in the empowered antibody, biologics and gene therapy areas at companies such as Abgenix (now Amgen), i2 Pharmaceuticals, Seagen and MacroGenics, among others. Sandesh Seth, Actinium's Chairman and CEO, said, "We are thrilled to add Mark to the Actinium team where he will fill an important role in leading our business development activities at an important time in our evolution. Throughout his career, Mark has demonstrated an ability to create value through collaborations, partnerships and alliances at leading edge companies developing biologics, empowered antibodies and gene therapies. From these successes, Mark has developed a strong network throughout the industry and a deep understanding for the value of technologies and drug candidates and how to create and realize their value. We are confident that Mark's proven track record of architecting successful transactions will provide the right leadership in building on the exciting momentum we've generated for our ARCs and AWE technology platform at a time when the differentiated nature of targeted radiotherapy is growing in recognition. We expect 2021 to be an exciting year for Actinium as we will complete SIERRA enrollment, have proof of concept data across multiple clinical programs and accelerate our R&D capabilities through strong investment in AWE. I look forward to working with Mark and the rest of the Actinium team to realize the value of our drug candidates and technologies in 2021 and beyond." Mr. Kubik stated, "I have followed Actinium for several years now and have been continually impressed with the progress that has been made in advancing the AWE platform, the strategic development of the ARC clinical programs and combination therapies, and the team and capabilities that have been assembled. I could not think of a better time to join Actinium given the external validation for the AWE platform from the collaboration with Astellas and the growing body of clinical data supporting the potential for targeted radiotherapy via ARCs. With several clinical milestones expected in the coming quarters, including completing recruitment in SIERRA and topline data, proof of concept data with Iomab-ACT for cell and gene therapy conditioning and Actimab-A combination data from multiple Phase 1 trials, I am excited to be able to showcase multiple assets to a broad audience in the biopharmaceutical field globally. Coupled with Actinium's enhanced research capabilities via our research laboratory and ever-growing patent portfolio, Actinium is aptly suited to execute on a wide array of collaborations and business development initiatives. Having witnessed firsthand the evolution of the biologics and antibody therapeutic space, I firmly believe that targeted radiotherapy is the next progression for this field and I look forward to leveraging my experiences and network to bring the full potential of Actinium's technologies to bear." Prior to joining Actinium, Mark served as CBO at OncoImmune, where he headed its business development function and led a process and transaction whereby the company was sold to Merck for $425M upfront with potential additional contingent regulatory and sales milestones and royalties. Prior to OncoImmune, Mark held positions in business development and led transformative and award-winning deal making at AvantGen, Abgenix (now Amgen), Protein Design Labs (PDL), XOMA, Seattle Genetics (now Seagen), MacroGenics, Glenmark Pharmaceuticals, i2 Pharmaceuticals / Velocity Sciences, and Invenra, among others. In addition to the M&A transaction between OncoImmune & Merck, important deal highlights for Mark, include a global co-development agreement on behalf of Abgenix (now Amgen) with Immunex for Vectibix (panitumumab), an ex-US strategic alliance on behalf of Seattle Genetics with Takeda for Adcetris (brentuximab vedotin) (nominated by Recombinant Capital / Allicense for consideration as 2009 "Alliance of the Year") and a multi-program bispecific mAb discovery collaboration on behalf of MacroGenics with Gilead (won Licensing Executives Society (LES) Alliance of the Year in Life Sciences Award in 2013). Mark received his MBA in Finance from the Leeds School of Business at the University of Colorado-Boulder and his BA (cum laude) in Molecular, Cellular and Developmental Biology (MCDB) from CU-Boulder About Actinium Pharmaceuticals, Inc. (NYSE: ATNM) Actinium Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company developing ARCs or Antibody Radiation-Conjugates, which combine the targeting ability of antibodies with the cell killing ability of radiation. Actinium's lead application for our ARCs is targeted conditioning, which is intended to selectively deplete a patient's disease or cancer cells and certain immune cells prior to a BMT or Bone Marrow Transplant, Gene Therapy or Adoptive Cell Therapy (ACT) such as CAR-T to enable engraftment of these transplanted cells with minimal toxicities. With our ARC approach, we seek to improve patient outcomes and access to these potentially curative treatments by eliminating or reducing the non-targeted chemotherapy that is used for conditioning in standard practice currently. Our lead product candidate, I-131 apamistamab (Iomab-B) is being studied in the ongoing pivotal Phase 3 Study of Iomab-B in Elderly Relapsed or Refractory Acute Myeloid Leukemia (SIERRA) trial for BMT conditioning. The SIERRA trial is over seventy-five percent enrolled and positive single-agent, feasibility and safety data has been highlighted at ASH, TCT, ASCO and SOHO annual meetings. More information on this Phase 3 clinical trial can be found at sierratrial.com. I-131 apamistamab will also be studied as a targeted conditioning agent in a Phase 1 study with a CD19 CAR T-cell Therapy with Memorial Sloan Kettering Cancer Center and Phase 1/2 anti-HIV stem cell gene therapy with UC Davis. In addition, we are developing a multi-disease, multi-target pipeline of clinical-stage ARCs targeting the antigens CD45 and CD33 for targeted conditioning and as a therapeutic either in combination with other therapeutic modalities or as a single agent for patients with a broad range of hematologic malignancies including acute myeloid leukemia, myelodysplastic syndrome and multiple myeloma. Ongoing combination trials include our CD33 alpha ARC, Actimab-A, in combination with the salvage chemotherapy CLAG-M and the Bcl-2 targeted therapy venetoclax. Underpinning our clinical programs is our proprietary AWE (Antibody Warhead Enabling) technology platform. This is where our intellectual property portfolio of over 100 patents, know-how, collective research and expertise in the field are being leveraged to construct and study novel ARCs and ARC combinations to bolster our pipeline for strategic purposes. Our AWE technology platform is currently being utilized in a collaborative research partnership with Astellas Pharma, Inc. Website: https://www.actiniumpharma.com/ Forward-Looking Statements for Actinium Pharmaceuticals, Inc. This press release may contain projections or other "forward-looking statements" within the meaning of the "safe-harbor" provisions of the private securities litigation reform act of 1995 regarding future events or the future financial performance of the Company which the Company undertakes no obligation to update. These statements are based on management's current expectations and are subject to risks and uncertainties that may cause actual results to differ materially from the anticipated or estimated future results, including the risks and uncertainties associated with preliminary study results varying from final results, estimates of potential markets for drugs under development, clinical trials, actions by the FDA and other governmental agencies, regulatory clearances, responses to regulatory matters, the market demand for and acceptance of Actinium's products and services, performance of clinical research organizations and other risks detailed from time to time in Actinium's filings with the Securities and Exchange Commission (the "SEC"), including without limitation its most recent annual report on form 10-K, subsequent quarterly reports on Forms 10-Q and Forms 8-K, each as amended and supplemented from time to time. Contacts: Investors: Hans Vitzthum LifeSci Advisors, LLC[emailprotected](617) 430-7578 SOURCE Actinium Pharmaceuticals, Inc. Related Links http://www.actiniumpharma.com/
Answer:
|
Actinium Announces Appointment of Mark Kubik, MBA as Chief Business Officer
|
NEW YORK, March 3, 2021 /PRNewswire/ --Actinium Pharmaceuticals, Inc. (NYSE AMERICAN: ATNM) ("Actinium") today announced the appointment of Mark Kubik, MBA to the position of Chief Business Officer (CBO). In this role, Mr. Kubik will be responsible for leading the Company's business development activities including collaboration and partnership activities as well as portfolio and alliance management. He will focus on leveraging Actinium's AWE technology platform, which encompasses Actinium's strong intellectual property portfolio, know-how and research capabilities, and pipeline of ARCs or antibody radiation conjugates to drive business development activity. Mark joins Actinium from OncoImmune where he was CBO and led the process and execution that resulted in OncoImmune being acquired by Merck in November 2020, for $425 million up front with additional contingent regulatory and sales milestones and royalties. Across his 25-year career, Mark has established a successful track record of transformative deal creation and productive alliances in the empowered antibody, biologics and gene therapy areas at companies such as Abgenix (now Amgen), i2 Pharmaceuticals, Seagen and MacroGenics, among others. Sandesh Seth, Actinium's Chairman and CEO, said, "We are thrilled to add Mark to the Actinium team where he will fill an important role in leading our business development activities at an important time in our evolution. Throughout his career, Mark has demonstrated an ability to create value through collaborations, partnerships and alliances at leading edge companies developing biologics, empowered antibodies and gene therapies. From these successes, Mark has developed a strong network throughout the industry and a deep understanding for the value of technologies and drug candidates and how to create and realize their value. We are confident that Mark's proven track record of architecting successful transactions will provide the right leadership in building on the exciting momentum we've generated for our ARCs and AWE technology platform at a time when the differentiated nature of targeted radiotherapy is growing in recognition. We expect 2021 to be an exciting year for Actinium as we will complete SIERRA enrollment, have proof of concept data across multiple clinical programs and accelerate our R&D capabilities through strong investment in AWE. I look forward to working with Mark and the rest of the Actinium team to realize the value of our drug candidates and technologies in 2021 and beyond." Mr. Kubik stated, "I have followed Actinium for several years now and have been continually impressed with the progress that has been made in advancing the AWE platform, the strategic development of the ARC clinical programs and combination therapies, and the team and capabilities that have been assembled. I could not think of a better time to join Actinium given the external validation for the AWE platform from the collaboration with Astellas and the growing body of clinical data supporting the potential for targeted radiotherapy via ARCs. With several clinical milestones expected in the coming quarters, including completing recruitment in SIERRA and topline data, proof of concept data with Iomab-ACT for cell and gene therapy conditioning and Actimab-A combination data from multiple Phase 1 trials, I am excited to be able to showcase multiple assets to a broad audience in the biopharmaceutical field globally. Coupled with Actinium's enhanced research capabilities via our research laboratory and ever-growing patent portfolio, Actinium is aptly suited to execute on a wide array of collaborations and business development initiatives. Having witnessed firsthand the evolution of the biologics and antibody therapeutic space, I firmly believe that targeted radiotherapy is the next progression for this field and I look forward to leveraging my experiences and network to bring the full potential of Actinium's technologies to bear." Prior to joining Actinium, Mark served as CBO at OncoImmune, where he headed its business development function and led a process and transaction whereby the company was sold to Merck for $425M upfront with potential additional contingent regulatory and sales milestones and royalties. Prior to OncoImmune, Mark held positions in business development and led transformative and award-winning deal making at AvantGen, Abgenix (now Amgen), Protein Design Labs (PDL), XOMA, Seattle Genetics (now Seagen), MacroGenics, Glenmark Pharmaceuticals, i2 Pharmaceuticals / Velocity Sciences, and Invenra, among others. In addition to the M&A transaction between OncoImmune & Merck, important deal highlights for Mark, include a global co-development agreement on behalf of Abgenix (now Amgen) with Immunex for Vectibix (panitumumab), an ex-US strategic alliance on behalf of Seattle Genetics with Takeda for Adcetris (brentuximab vedotin) (nominated by Recombinant Capital / Allicense for consideration as 2009 "Alliance of the Year") and a multi-program bispecific mAb discovery collaboration on behalf of MacroGenics with Gilead (won Licensing Executives Society (LES) Alliance of the Year in Life Sciences Award in 2013). Mark received his MBA in Finance from the Leeds School of Business at the University of Colorado-Boulder and his BA (cum laude) in Molecular, Cellular and Developmental Biology (MCDB) from CU-Boulder About Actinium Pharmaceuticals, Inc. (NYSE: ATNM) Actinium Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company developing ARCs or Antibody Radiation-Conjugates, which combine the targeting ability of antibodies with the cell killing ability of radiation. Actinium's lead application for our ARCs is targeted conditioning, which is intended to selectively deplete a patient's disease or cancer cells and certain immune cells prior to a BMT or Bone Marrow Transplant, Gene Therapy or Adoptive Cell Therapy (ACT) such as CAR-T to enable engraftment of these transplanted cells with minimal toxicities. With our ARC approach, we seek to improve patient outcomes and access to these potentially curative treatments by eliminating or reducing the non-targeted chemotherapy that is used for conditioning in standard practice currently. Our lead product candidate, I-131 apamistamab (Iomab-B) is being studied in the ongoing pivotal Phase 3 Study of Iomab-B in Elderly Relapsed or Refractory Acute Myeloid Leukemia (SIERRA) trial for BMT conditioning. The SIERRA trial is over seventy-five percent enrolled and positive single-agent, feasibility and safety data has been highlighted at ASH, TCT, ASCO and SOHO annual meetings. More information on this Phase 3 clinical trial can be found at sierratrial.com. I-131 apamistamab will also be studied as a targeted conditioning agent in a Phase 1 study with a CD19 CAR T-cell Therapy with Memorial Sloan Kettering Cancer Center and Phase 1/2 anti-HIV stem cell gene therapy with UC Davis. In addition, we are developing a multi-disease, multi-target pipeline of clinical-stage ARCs targeting the antigens CD45 and CD33 for targeted conditioning and as a therapeutic either in combination with other therapeutic modalities or as a single agent for patients with a broad range of hematologic malignancies including acute myeloid leukemia, myelodysplastic syndrome and multiple myeloma. Ongoing combination trials include our CD33 alpha ARC, Actimab-A, in combination with the salvage chemotherapy CLAG-M and the Bcl-2 targeted therapy venetoclax. Underpinning our clinical programs is our proprietary AWE (Antibody Warhead Enabling) technology platform. This is where our intellectual property portfolio of over 100 patents, know-how, collective research and expertise in the field are being leveraged to construct and study novel ARCs and ARC combinations to bolster our pipeline for strategic purposes. Our AWE technology platform is currently being utilized in a collaborative research partnership with Astellas Pharma, Inc. Website: https://www.actiniumpharma.com/ Forward-Looking Statements for Actinium Pharmaceuticals, Inc. This press release may contain projections or other "forward-looking statements" within the meaning of the "safe-harbor" provisions of the private securities litigation reform act of 1995 regarding future events or the future financial performance of the Company which the Company undertakes no obligation to update. These statements are based on management's current expectations and are subject to risks and uncertainties that may cause actual results to differ materially from the anticipated or estimated future results, including the risks and uncertainties associated with preliminary study results varying from final results, estimates of potential markets for drugs under development, clinical trials, actions by the FDA and other governmental agencies, regulatory clearances, responses to regulatory matters, the market demand for and acceptance of Actinium's products and services, performance of clinical research organizations and other risks detailed from time to time in Actinium's filings with the Securities and Exchange Commission (the "SEC"), including without limitation its most recent annual report on form 10-K, subsequent quarterly reports on Forms 10-Q and Forms 8-K, each as amended and supplemented from time to time. Contacts: Investors: Hans Vitzthum LifeSci Advisors, LLC[emailprotected](617) 430-7578 SOURCE Actinium Pharmaceuticals, Inc. Related Links http://www.actiniumpharma.com/
|
edtsum3933
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, April 16, 2020 /PRNewswire/ -- Revenue up 5% EPS up 12% ROE 10% ROTCE 20% (a) CET1 11.3% SLR 5.6% The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK) today reported: 1Q20 vs. 1Q20 4Q19 1Q19 4Q19 1Q19 Net income applicable to common shareholders (in millions) $ 944 $ 1,391 $ 910 (32) % 4 % Diluted earnings per common share $ 1.05 $ 1.52 $ 0.94 (31) % 12 % First Quarter Results CEO Commentary Total revenue of $4.1 billion, increased 5% Fee revenue increased 10% Net interest revenue decreased 3% Provision for credit losses of $169 million Total noninterest expense of $2.7 billion, increased slightly Continued investments in technology Investment Services Total revenue increased 9% Income before taxes increased 13% AUC/A of $35.2 trillion, increased 2% Investment Management Total revenue decreased 4% Income before taxes decreased 27% AUM of $1.8 trillion, decreased 2% Capital Repurchased 21.7 million common shares for $985 million, and paid dividends of $282 million to common shareholders. 1Q20 share repurchases completed prior to the temporary suspension announced jointly with the Financial Services Forum on March 15. "Throughout the coronavirus crisis, we remain focused on the health and wellbeing of our people, providing continuity of service to our clients and maintaining our balance sheet so we are able to assist our clients. Despite the unprecedented global market disruption, we have stayed fully operational, demonstrating our resiliency and our commitment and capacity to support our clients when they need us most," Todd Gibbons, Chief Executive Officer, said. "Our fee revenue increased 10 percent as we experienced elevated transaction volumes and heightened volatility in March. Looking ahead, we and our clients face continued market and economic uncertainty. While it is too early to predict the impact, our business model is financially resilient. We plan to maintain our conservative risk profile, strong capital and high-quality, liquid balance sheet, which will position us to withstand severe stress and to support our clients," Mr. Gibbons added. "I am deeply honored to become CEO of this great company. While looking ahead to drive improved performance and capabilities and ensure BNY Mellon remains a great place to work, in the immediate term we are focused on being there for our clients. Our team's efforts on this front have been exceptional. I have been incredibly gratified by the feedback from clients, who see our people going above and beyond to deliver great service. I want to thank our clients for their ongoing partnership and thank our employees around the globe for their exceptional dedication and professionalism. I am confident in our ability to weather this adversity and to carry forward that energy into advancing our growth agenda as the world recovers," Mr. Gibbons concluded. Media Relations:Jennifer Hendricks Sullivan (212) 635-1374 Investor Relations: Magda Palczynska (212) 635-8529 (a) For information on this Non-GAAP measure, see "Supplemental Information Explanation of GAAP and Non-GAAP financial measures" on page 8. Note: Above comparisons are 1Q20 vs. 1Q19. CONSOLIDATED FINANCIAL HIGHLIGHTS (in millions, except per share amounts and unless otherwise noted; not meaningful - N/M) 1Q20 vs. 1Q20 4Q19 (a) 1Q19 4Q19 1Q19 Fee revenue $ 3,323 $ 3,971 $ 3,031 (16) % 10 % Net securities gains (losses) 9 (25) 1 N/M N/M Total fee and other revenue 3,332 3,946 3,032 (16) 10 (Loss) income from consolidated investment management funds (38) 17 26 N/M N/M Net interest revenue 814 815 841 (3) Total revenue 4,108 4,778 3,899 (14) 5 Provision for credit losses 169 (8) 7 N/M N/M Noninterest expense 2,712 2,964 2,699 (9) Income before income taxes 1,227 1,822 1,193 (33) 3 Provision for income taxes 265 373 237 (29) 12 Net income $ 962 $ 1,449 $ 956 (34) % 1 % Net income applicable to common shareholders of The Bank of New York Mellon Corporation $ 944 $ 1,391 $ 910 (32) % 4 % Operating leverage (b) (552) bps 488 bps Diluted earnings per common share $ 1.05 $ 1.52 $ 0.94 (31) % 12 % Average common shares and equivalents outstanding - diluted (in thousands) 896,689 914,739 965,960 Pre-tax operating margin 30 % 38 % 31 % (a) Includes a net benefit of $460 million, or $0.50 per diluted common share, related to a gain on sale of an equity investment, partially offset by severance, net securities losses and litigation expense. (b) Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense. bps basis points. KEY DRIVERS (comparisons are 1Q20 vs. 1Q19, unless otherwise stated) Total revenue increased 5% primarily reflecting: Fee revenue increased 10% primarily reflecting higher foreign exchange and other trading revenue, higher transaction volumes across the investment services businesses and higher performance fees, partially offset by equity investment losses, including seed capital. Net interest revenue decreased 3% primarily reflecting lower interest rates on interest-earning assets and the impact of hedging activities (primarily offset in foreign exchange and other trading revenue). This was partially offset by the benefit of lower deposit and funding rates and higher deposits, securities and loans. Provision for credit losses of $169 million primarily reflecting the macroeconomic environment in conjunction with the application of the new current expected credit losses accounting standard. Noninterest expense increased slightly primarily reflecting the continued investments in technology and higher pension expense, partially offset by lower staff expense and the favorable impact of a stronger U.S. dollar. Effective tax rate of 21.6%. Assets under custody and/or administration ("AUC/A") and Assets under management ("AUM") AUC/A of $35.2 trillion, increased 2%, primarily reflecting higher client inflows, partially offset by lower market values and the unfavorable impact of a stronger U.S. dollar. AUM of $1.8 trillion, decreased 2%, primarily reflecting the unfavorable impact of a stronger U.S. dollar (principally versus the British pound). Capital and liquidity Repurchased 21.7 million common shares for $985 million and paid $282 million in dividends to common shareholders. Return on common equity ("ROE") of 10%; Return on tangible common equity ("ROTCE") of 20% (a). Common Equity Tier 1 ("CET1") ratio 11.3%. Supplementary leverage ratio ("SLR") 5.6%. Average liquidity coverage ratio ("LCR") 115%. Total Loss Absorbing Capacity ("TLAC") ratios exceed minimum requirements. (a) See "Supplemental information Explanation of GAAP and Non-GAAP financial measures" on page 8 for additional information. Note: Throughout this document, sequential growth rates are unannualized. INVESTMENT SERVICES BUSINESS HIGHLIGHTS (dollars in millions, unless otherwise noted; not meaningful - N/M) 1Q20 vs. 1Q20 4Q19 (a) 1Q19 (a) 4Q19 1Q19 Total revenue by line of business: Asset Servicing $ 1,531 $ 1,411 $ 1,415 9 % 8 % Pershing 653 579 561 13 16 Issuer Services 419 415 396 1 6 Treasury Services 339 329 317 3 7 Clearance and Collateral Management 300 280 276 7 9 Total revenue by line of business 3,242 3,014 2,965 8 9 Provision for credit losses 149 (5) 8 N/M N/M Noninterest expense 1,987 2,179 1,981 (9) Income before taxes $ 1,106 $ 840 $ 976 32 % 13 % Pre-tax operating margin 34 % 28 % 33 % Foreign exchange and other trading revenue $ 261 $ 151 $ 157 73 % 66 % Securities lending revenue $ 46 $ 40 $ 44 15 % 5 % Metrics: Average loans $ 41,789 $ 38,721 $ 37,235 8 % 12 % Average deposits $ 242,187 $ 215,388 $ 195,082 12 % 24 % AUC/A at period end (in trillions) (current period is preliminary) (b) $ 35.2 $ 37.1 $ 34.5 (5) % 2 % Market value of securities on loan at period end (in billions) (c) $ 389 $ 378 $ 377 3 % 3 % (a) Prior periods have been restated. See "Segment Reporting Changes" on page 8 for additional information. (b) Includes the AUC/A of CIBC Mellon Global Securities Services Company ("CIBC Mellon"), a joint venture with the Canadian Imperial Bank of Commerce, of $1.2 trillion at March31, 2020, $1.5 trillion at Dec. 31, 2019 and $1.3 trillion at March31, 2019. (c) Represents the total amount of securities on loan in our agency securities lending program managed by the Investment Services business. Excludes securities for which BNY Mellon acts as agent on behalf of CIBC Mellon clients, which totaled $59 billion at March31, 2020, $60 billion at Dec. 31, 2019 and $62 billion at March31, 2019. KEY DRIVERS The drivers of the total revenue variances by line of business are indicated below. Asset Servicing - Both increases primarily reflect higher foreign exchange and other trading revenue. The year-over-year increase also reflects higher volumes from existing clients, partially offset by lower net interest revenue. The decrease in net interest revenue primarily reflects lower rates, partially offset by higher deposits and loans. Pershing - Both increases primarily reflect higher clearing volumes and a one-time fee.The year-over-year increase also reflects growth in client assets and accounts. Issuer Services - The year-over-year increase reflects higher Corporate Trust and Depositary Receipts fees. The sequential increase primarily reflects higher Depositary Receipts fees. Treasury Services - Both increases primarily reflect higher fees and net interest revenue. The increase in net interest revenue was driven by deposit growth. Clearance and Collateral Management - Both increases primarily reflect growth in collateral management and clearance volumes and higher net interest revenue. Noninterest expense increased slightly year-over-year primarily driven by continued investments in technology. The sequential decrease primarily reflects lower severance and litigation expenses, partially offset by higher other staff expense. INVESTMENT MANAGEMENT BUSINESS HIGHLIGHTS (dollars in millions, unless otherwise noted; not meaningful - N/M) 1Q20 vs. 1Q20 4Q19 (a) 1Q19 (a) 4Q19 1Q19 Total revenue by line of business: Asset Management $ 620 $ 692 $ 640 (10) % (3) % Wealth Management 278 279 296 (6) Total revenue by line of business 898 971 936 (8) (4) Provision for credit losses 9 1 N/M N/M Noninterest expense 695 731 669 (5) 4 Income before taxes $ 194 $ 240 $ 266 (19) % (27) % Pre-tax operating margin 22 % 25 % 28 % Adjusted pre-tax operating margin Non-GAAP (b) 24 % 27 % 31 % Metrics: Average loans $ 12,124 $ 12,022 $ 12,339 1 % (2) % Average deposits $ 16,144 $ 15,195 $ 15,815 6 % 2 % AUM (in billions) (current period is preliminary) (c) $ 1,796 $ 1,910 $ 1,841 (6) % (2) % Wealth Management client assets (in billions) (current period is preliminary) (d) $ 236 $ 266 $ 253 (11) % (7) % (a) Prior periods have been restated. See "Segment Reporting Changes" on page 8 for additional information. (b) Net of distribution and servicing expense. See "Supplemental information Explanation of GAAP and Non-GAAP financial measures" on page 8 for information on this Non-GAAP measure. (c) Excludes securities lending cash management assets and assets managed in the Investment Services business. (d) Includes AUM and AUC/A in the Wealth Management business. KEY DRIVERS The drivers of the total revenue variances by line of business are indicated below. Asset Management - The year-over-year decrease primarily reflects equity investment losses, including seed capital, and an unfavorable change in the mix of AUM since 1Q19, partially offset by higher performance fees and market values. The sequential decrease primarily reflects equity investment losses, including seed capital, the impact of hedging activities and lower market values. Wealth Management - The year-over-year decrease primarily reflects lower net interest revenue due to lower interest rates, partially offset by the impact of higher deposits. Noninterest expense increased year-over-year primarily reflecting higher professional, legal and other purchased services expense. The sequential decrease primarily reflects lower severance expense. OTHER SEGMENT primarily includes leasing operations, certain corporate treasury activities, derivatives, business exits and other corporate revenue and expense items. (in millions) 1Q20 4Q19 (a) 1Q19 (a) Fee revenue $ 21 $ 817 $ 17 Net securities gains (losses) 9 (23) 1 Total fee and other revenue 30 794 18 Net interest (expense) (44) (10) (30) Total (loss) revenue (14) 784 (12) Provision for credit losses 11 (3) (2) Noninterest expense 30 54 49 (Loss) income before taxes $ (55) $ 733 $ (59) (a) Prior periods have been restated. See "Segment Reporting Changes" on page 8 for additional information. KEY DRIVERS Fee revenue, net securities losses and net interest expense include corporate treasury and other investment activity, including hedging activity which offsets between fee revenue and net interest expense. Total revenue decreased sequentially primarily reflecting the gain on the sale of an equity investment recorded in 4Q19. Net interest expense increased sequentially primarily reflecting corporate treasury activity. Noninterest expense decreased year-over-year primarily reflecting lower staff expense. The sequential decrease primarily reflects lower severance, partially offset by higher other staff expense, including pension expense. CAPITAL AND LIQUIDITY Capital and liquidity ratios March 31, 2020 December 31,2019 Consolidated regulatory capital ratios: (a) CET1 ratio 11.3 % 11.5 % Tier 1 capital ratio 13.5 13.7 Total capital ratio 14.3 14.4 Tier 1 leverage ratio 6.0 6.6 SLR 5.6 6.1 BNY Mellon shareholders' equity to total assets ratio 8.8 % 10.9 % BNY Mellon common shareholders' equity to total assets ratio 8.0 % 9.9 % Average LCR 115 % 120 % Book value per common share $ 42.47 $ 42.12 Tangible book value per common share Non-GAAP (b) $ 21.53 $ 21.33 Common shares outstanding (in thousands) 885,443 900,683 (a) Regulatory capital ratios for March31, 2020 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for Dec. 31, 2019, was the Advanced Approaches, and for March 31, 2020 was the Standardized Approaches for the CET1 and Tier 1 capital ratios and the Advanced Approach for the Total capital ratio. (b) Tangible book value per common share Non-GAAP excludes goodwill and intangible assets, net of deferred tax liabilities. See "Supplemental information Explanation of GAAP and Non-GAAP financial measures" on page 8 for information on this Non-GAAP measure. CET1 capital totaled $18.5 billion at March31, 2020, a decrease of $75 million compared with Dec. 31, 2019. The decrease primarily reflects capital deployed through common stock repurchases and dividend payments, partially offset by capital generated through earnings. NET INTEREST REVENUE Net interest revenue 1Q20 vs. (dollars in millions; not meaningful - N/M) 1Q20 4Q19 1Q19 4Q19 1Q19 Net interest revenue $ 814 $ 815 $ 841 % (3) % Add: Tax equivalent adjustment 2 2 4 N/M N/M Net interest revenue, on a fully taxable equivalent ("FTE") basis Non-GAAP (a) $ 816 $ 817 $ 845 % (3) % Net interest margin 1.01 % 1.09 % 1.20 % (8) bps (19) bps Net interest margin (FTE) Non-GAAP (a) 1.01 % 1.09 % 1.20 % (8) bps (19) bps (a) Net interest revenue (FTE) Non-GAAP and net interest margin (FTE) Non-GAAP include the tax equivalent adjustments on tax-exempt income. See "Supplemental information Explanation of GAAP and Non-GAAP financial measures" on page 8 for information on this Non-GAAP measure. bps basis points. Net interest revenue decreased year-over-year, primarily reflecting lower interest rates on interest-earning assets and the impact of hedging activities (primarily offset in foreign exchange and other trading revenue). This was partially offset by the benefit of lower deposit and funding rates and higher deposits, securities and loans. Sequentially, the favorable impact of higher deposits, securities and loans was offset by the impact of hedging activities (primarily offset in foreign exchange and other trading revenue) and lower rates. THE BANK OF NEW YORK MELLON CORPORATION Condensed Consolidated Income Statement (in millions) Quarter ended March 31, 2020 December 31, 2019 March 31, 2019 Fee and other revenue Investment services fees: Asset servicing fees $ 1,159 $ 1,148 $ 1,122 Clearing services fees 470 421 398 Issuer services fees 263 264 251 Treasury services fees 149 147 132 Total investment services fees 2,041 1,980 1,903 Investment management and performance fees 862 883 841 Foreign exchange and other trading revenue 319 168 170 Financing-related fees 59 46 51 Distribution and servicing 31 34 31 Investment and other income 11 860 35 Total fee revenue 3,323 3,971 3,031 Net securities gains (losses) 9 (25) 1 Total fee and other revenue 3,332 3,946 3,032 Operations of consolidated investment management funds Investment (loss) income (38) 17 26 Interest of investment management fund note holders (Loss) income from consolidated investment management funds (38) 17 26 Net interest revenue Interest revenue 1,570 1,721 1,920 Interest expense 756 906 1,079 Net interest revenue 814 815 841 Total revenue 4,108 4,778 3,899 Provision for credit losses (a) 169 (8) 7 Noninterest expense Staff 1,482 1,639 1,524 Professional, legal and other purchased services 330 367 325 Software and equipment 326 326 283 Net occupancy 135 151 137 Sub-custodian and clearing 105 119 105 Distribution and servicing 91 92 91 Business development 42 65 45 Bank assessment charges 35 32 31 Amortization of intangible assets 26 28 29 Other 140 145 129 Total noninterest expense 2,712 2,964 2,699 Income Income before income taxes 1,227 1,822 1,193 Provision for income taxes 265 373 237 Net income 962 1,449 956 Net loss (income) attributable to noncontrolling interests (includes $18, $(9), and $(10) related to consolidated investment management funds, respectively) 18 (9) (10) Net income applicable to shareholders of The Bank of New York Mellon Corporation 980 1,440 946 Preferred stock dividends (36) (49) (36) Net income applicable to common shareholders of The Bank of New York Mellon Corporation $ 944 $ 1,391 $ 910 (a) In the first quarter of 2020, we adopted new accounting guidance included in ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses On Financial Instruments, on a prospective basis. Earnings per share applicable to the common shareholders of The Bank of New York MellonCorporation Quarter ended March 31,2020 December 31,2019 March 31,2019 (in dollars) Basic $ 1.05 $ 1.52 $ 0.94 Diluted $ 1.05 $ 1.52 $ 0.94 SEGMENT REPORTING CHANGES In the first quarter of 2020, we reclassified the results of certain services provided between the segments from noninterest expense to fee and other revenue. This activity is offset in the Other segment and relates to services that are also provided to third-parties and provides consistency with the reporting of the revenues. This adjustment had no impact on income before taxes of the businesses. Prior periods have been restated. In the first quarter of 2020, we reclassified the results related to certain lending activities from the Wealth Management business to the Pershing business. These loans were originated by the Wealth Management business as a service to Pershing clients. This resulted in an increase in total revenue, noninterest expense and income before taxes in the Pershing business and corresponding decrease in the Wealth Management business. Prior periods have been restated. For additional information on the segment reporting changes, see "Segment Reporting Changes" in the Financial Supplement available at www.bnymellon.com. SUPPLEMENTAL INFORMATION EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES BNY Mellon has included in this Earnings Release certain Non-GAAP financial measures on a tangible basis as a supplement to GAAP information, which exclude goodwill and intangible assets, net of deferred tax liabilities. BNY Mellon believes that the return on tangible common equity is additional useful information for investors because it presents a measure of those assets that can generate income, and the tangible book value per common share is additional useful information because it presents the level of tangible assets in relation to shares of common stock outstanding. Net interest revenue, on a fully taxable equivalent ("FTE") basis Non-GAAP and net interest margin (FTE) Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income which allows for the comparison of amounts arising from both taxable and tax-exempt sources and is consistent with industry practice. The adjustment to an FTE basis has no impact on net income. BNY Mellon has also included the operating margin for the Investment Management business net of distribution and servicing expense that was passed to third parties who distribute or service our managed funds. BNY Mellon believes that this measure is useful when evaluating the performance of the Investment Management business relative to industry competitors. For the reconciliations of these Non-GAAP measures, see "Supplemental Information - Explanation of GAAP and Non-GAAP Financial Measures" in the Financial Supplement available at www.bnymellon.com. CAUTIONARY STATEMENT A number of statements (i) in this Earnings Release, (ii)in our Financial Supplement, (iii) in our presentations and (iv) in the responses to questions on our conference call discussing our quarterly results and other public events may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 including statements about our capital plans, strategic priorities, financial goals, organic growth, performance, organizational quality and efficiency, investments, including in technology and product development, resiliency, capabilities, revenue, net interest revenue, fees, expenses, cost discipline, sustainable growth, company management, deposits, interest rates and yield curves, securities portfolio, taxes, business opportunities, divestments, volatility, preliminary business metrics and regulatory capital ratios and statements regarding our aspirations, as well as our overall plans, strategies, goals, objectives, expectations, outlooks, estimates, intentions, targets, opportunities, focus and initiatives, including the potential effects of the coronavirus pandemic on any of the foregoing. These statements may be expressed in a variety of ways, including the use of future or present tense language. Words such as "estimate," "forecast," "project," "anticipate," "likely," "target," "expect," "intend," "continue," "seek," "believe," "plan," "goal," "could," "should," "would," "may," "might," "will," "strategy," "synergies," "opportunities," "trends," "future" and words of similar meaning signify forward-looking statements. These statements and other forward-looking statements contained in other public disclosures of The Bank of New York Mellon Corporation which make reference to the cautionary factors described in this Earnings Release are based upon current beliefs and expectations and are subject to significant risks and uncertainties (some of which are beyond BNY Mellon's control). Actual results may differ materially from those expressed or implied as a result of these risks and uncertainties, including, but not limited to, the risk factors and other uncertainties set forth in BNY Mellon's Annual Report on Form 10-K for the year ended Dec. 31, 2019 and BNY Mellon's other filings with the Securities and Exchange Commission. Statements about the effects of the current and near-term market and macroeconomic environment on BNY Mellon, including on its business, operations, financial performance and prospects, may constitute forward-looking statements, and are based on assumptions that involve risks and uncertainties and that are subject to change based on various important factors (some of which are beyond BNY Mellon's control), including the scope and duration of the pandemic, actions taken by governmental authorities in response to the pandemic, and the direct and indirect impact of the pandemic on BNY Mellon, our clients, customers and third parties. Preliminary business metrics and regulatory capital ratios are subject to change, possibly materially, as BNY Mellon completes its Quarterly Report on Form 10-Q for the quarter ended March 31, 2020. All forward-looking statements in this Earnings Release speak only as of April16, 2020, and BNY Mellon undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events. ABOUT BNY MELLON BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As of March31, 2020, BNY Mellon had $35.2 trillion in assets under custody and/or administration, and $1.8 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. CONFERENCE CALL INFORMATION Todd Gibbons, Chief Executive Officer, and Mike Santomassimo, Chief Financial Officer, will host a conference call and simultaneous live audio webcast at 8:00 a.m. EDT on April16, 2020. This conference call and audio webcast will include forward-looking statements and may include other material information. Investors and analysts wishing to access the conference call and audio webcast may do so by dialing (800)390-5696 (U.S.) or (720) 452-9082 (International), and using the passcode: 807070, or by logging onto www.bnymellon.com/investorrelations. Earnings materials will be available at www.bnymellon.com/investorrelations beginning at approximately 6:30 a.m. EDT on April16, 2020. Replays of the conference call and audio webcast will be available beginning April16, 2020 at approximately 2:00 p.m. EDT through May 16, 2020 by dialing (888)203-1112 (U.S.) or (719)457-0820 (International), and using the passcode: 5375940. The archived version of the conference call and audio webcast will also be available at www.bnymellon.com/investorrelations for the same time period. SOURCE BNY Mellon Related Links www.bnymellon.com
Answer:
|
BNY Mellon Reports First Quarter 2020 Earnings Of $944 Million Or $1.05 Per Common Share
|
NEW YORK, April 16, 2020 /PRNewswire/ -- Revenue up 5% EPS up 12% ROE 10% ROTCE 20% (a) CET1 11.3% SLR 5.6% The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK) today reported: 1Q20 vs. 1Q20 4Q19 1Q19 4Q19 1Q19 Net income applicable to common shareholders (in millions) $ 944 $ 1,391 $ 910 (32) % 4 % Diluted earnings per common share $ 1.05 $ 1.52 $ 0.94 (31) % 12 % First Quarter Results CEO Commentary Total revenue of $4.1 billion, increased 5% Fee revenue increased 10% Net interest revenue decreased 3% Provision for credit losses of $169 million Total noninterest expense of $2.7 billion, increased slightly Continued investments in technology Investment Services Total revenue increased 9% Income before taxes increased 13% AUC/A of $35.2 trillion, increased 2% Investment Management Total revenue decreased 4% Income before taxes decreased 27% AUM of $1.8 trillion, decreased 2% Capital Repurchased 21.7 million common shares for $985 million, and paid dividends of $282 million to common shareholders. 1Q20 share repurchases completed prior to the temporary suspension announced jointly with the Financial Services Forum on March 15. "Throughout the coronavirus crisis, we remain focused on the health and wellbeing of our people, providing continuity of service to our clients and maintaining our balance sheet so we are able to assist our clients. Despite the unprecedented global market disruption, we have stayed fully operational, demonstrating our resiliency and our commitment and capacity to support our clients when they need us most," Todd Gibbons, Chief Executive Officer, said. "Our fee revenue increased 10 percent as we experienced elevated transaction volumes and heightened volatility in March. Looking ahead, we and our clients face continued market and economic uncertainty. While it is too early to predict the impact, our business model is financially resilient. We plan to maintain our conservative risk profile, strong capital and high-quality, liquid balance sheet, which will position us to withstand severe stress and to support our clients," Mr. Gibbons added. "I am deeply honored to become CEO of this great company. While looking ahead to drive improved performance and capabilities and ensure BNY Mellon remains a great place to work, in the immediate term we are focused on being there for our clients. Our team's efforts on this front have been exceptional. I have been incredibly gratified by the feedback from clients, who see our people going above and beyond to deliver great service. I want to thank our clients for their ongoing partnership and thank our employees around the globe for their exceptional dedication and professionalism. I am confident in our ability to weather this adversity and to carry forward that energy into advancing our growth agenda as the world recovers," Mr. Gibbons concluded. Media Relations:Jennifer Hendricks Sullivan (212) 635-1374 Investor Relations: Magda Palczynska (212) 635-8529 (a) For information on this Non-GAAP measure, see "Supplemental Information Explanation of GAAP and Non-GAAP financial measures" on page 8. Note: Above comparisons are 1Q20 vs. 1Q19. CONSOLIDATED FINANCIAL HIGHLIGHTS (in millions, except per share amounts and unless otherwise noted; not meaningful - N/M) 1Q20 vs. 1Q20 4Q19 (a) 1Q19 4Q19 1Q19 Fee revenue $ 3,323 $ 3,971 $ 3,031 (16) % 10 % Net securities gains (losses) 9 (25) 1 N/M N/M Total fee and other revenue 3,332 3,946 3,032 (16) 10 (Loss) income from consolidated investment management funds (38) 17 26 N/M N/M Net interest revenue 814 815 841 (3) Total revenue 4,108 4,778 3,899 (14) 5 Provision for credit losses 169 (8) 7 N/M N/M Noninterest expense 2,712 2,964 2,699 (9) Income before income taxes 1,227 1,822 1,193 (33) 3 Provision for income taxes 265 373 237 (29) 12 Net income $ 962 $ 1,449 $ 956 (34) % 1 % Net income applicable to common shareholders of The Bank of New York Mellon Corporation $ 944 $ 1,391 $ 910 (32) % 4 % Operating leverage (b) (552) bps 488 bps Diluted earnings per common share $ 1.05 $ 1.52 $ 0.94 (31) % 12 % Average common shares and equivalents outstanding - diluted (in thousands) 896,689 914,739 965,960 Pre-tax operating margin 30 % 38 % 31 % (a) Includes a net benefit of $460 million, or $0.50 per diluted common share, related to a gain on sale of an equity investment, partially offset by severance, net securities losses and litigation expense. (b) Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense. bps basis points. KEY DRIVERS (comparisons are 1Q20 vs. 1Q19, unless otherwise stated) Total revenue increased 5% primarily reflecting: Fee revenue increased 10% primarily reflecting higher foreign exchange and other trading revenue, higher transaction volumes across the investment services businesses and higher performance fees, partially offset by equity investment losses, including seed capital. Net interest revenue decreased 3% primarily reflecting lower interest rates on interest-earning assets and the impact of hedging activities (primarily offset in foreign exchange and other trading revenue). This was partially offset by the benefit of lower deposit and funding rates and higher deposits, securities and loans. Provision for credit losses of $169 million primarily reflecting the macroeconomic environment in conjunction with the application of the new current expected credit losses accounting standard. Noninterest expense increased slightly primarily reflecting the continued investments in technology and higher pension expense, partially offset by lower staff expense and the favorable impact of a stronger U.S. dollar. Effective tax rate of 21.6%. Assets under custody and/or administration ("AUC/A") and Assets under management ("AUM") AUC/A of $35.2 trillion, increased 2%, primarily reflecting higher client inflows, partially offset by lower market values and the unfavorable impact of a stronger U.S. dollar. AUM of $1.8 trillion, decreased 2%, primarily reflecting the unfavorable impact of a stronger U.S. dollar (principally versus the British pound). Capital and liquidity Repurchased 21.7 million common shares for $985 million and paid $282 million in dividends to common shareholders. Return on common equity ("ROE") of 10%; Return on tangible common equity ("ROTCE") of 20% (a). Common Equity Tier 1 ("CET1") ratio 11.3%. Supplementary leverage ratio ("SLR") 5.6%. Average liquidity coverage ratio ("LCR") 115%. Total Loss Absorbing Capacity ("TLAC") ratios exceed minimum requirements. (a) See "Supplemental information Explanation of GAAP and Non-GAAP financial measures" on page 8 for additional information. Note: Throughout this document, sequential growth rates are unannualized. INVESTMENT SERVICES BUSINESS HIGHLIGHTS (dollars in millions, unless otherwise noted; not meaningful - N/M) 1Q20 vs. 1Q20 4Q19 (a) 1Q19 (a) 4Q19 1Q19 Total revenue by line of business: Asset Servicing $ 1,531 $ 1,411 $ 1,415 9 % 8 % Pershing 653 579 561 13 16 Issuer Services 419 415 396 1 6 Treasury Services 339 329 317 3 7 Clearance and Collateral Management 300 280 276 7 9 Total revenue by line of business 3,242 3,014 2,965 8 9 Provision for credit losses 149 (5) 8 N/M N/M Noninterest expense 1,987 2,179 1,981 (9) Income before taxes $ 1,106 $ 840 $ 976 32 % 13 % Pre-tax operating margin 34 % 28 % 33 % Foreign exchange and other trading revenue $ 261 $ 151 $ 157 73 % 66 % Securities lending revenue $ 46 $ 40 $ 44 15 % 5 % Metrics: Average loans $ 41,789 $ 38,721 $ 37,235 8 % 12 % Average deposits $ 242,187 $ 215,388 $ 195,082 12 % 24 % AUC/A at period end (in trillions) (current period is preliminary) (b) $ 35.2 $ 37.1 $ 34.5 (5) % 2 % Market value of securities on loan at period end (in billions) (c) $ 389 $ 378 $ 377 3 % 3 % (a) Prior periods have been restated. See "Segment Reporting Changes" on page 8 for additional information. (b) Includes the AUC/A of CIBC Mellon Global Securities Services Company ("CIBC Mellon"), a joint venture with the Canadian Imperial Bank of Commerce, of $1.2 trillion at March31, 2020, $1.5 trillion at Dec. 31, 2019 and $1.3 trillion at March31, 2019. (c) Represents the total amount of securities on loan in our agency securities lending program managed by the Investment Services business. Excludes securities for which BNY Mellon acts as agent on behalf of CIBC Mellon clients, which totaled $59 billion at March31, 2020, $60 billion at Dec. 31, 2019 and $62 billion at March31, 2019. KEY DRIVERS The drivers of the total revenue variances by line of business are indicated below. Asset Servicing - Both increases primarily reflect higher foreign exchange and other trading revenue. The year-over-year increase also reflects higher volumes from existing clients, partially offset by lower net interest revenue. The decrease in net interest revenue primarily reflects lower rates, partially offset by higher deposits and loans. Pershing - Both increases primarily reflect higher clearing volumes and a one-time fee.The year-over-year increase also reflects growth in client assets and accounts. Issuer Services - The year-over-year increase reflects higher Corporate Trust and Depositary Receipts fees. The sequential increase primarily reflects higher Depositary Receipts fees. Treasury Services - Both increases primarily reflect higher fees and net interest revenue. The increase in net interest revenue was driven by deposit growth. Clearance and Collateral Management - Both increases primarily reflect growth in collateral management and clearance volumes and higher net interest revenue. Noninterest expense increased slightly year-over-year primarily driven by continued investments in technology. The sequential decrease primarily reflects lower severance and litigation expenses, partially offset by higher other staff expense. INVESTMENT MANAGEMENT BUSINESS HIGHLIGHTS (dollars in millions, unless otherwise noted; not meaningful - N/M) 1Q20 vs. 1Q20 4Q19 (a) 1Q19 (a) 4Q19 1Q19 Total revenue by line of business: Asset Management $ 620 $ 692 $ 640 (10) % (3) % Wealth Management 278 279 296 (6) Total revenue by line of business 898 971 936 (8) (4) Provision for credit losses 9 1 N/M N/M Noninterest expense 695 731 669 (5) 4 Income before taxes $ 194 $ 240 $ 266 (19) % (27) % Pre-tax operating margin 22 % 25 % 28 % Adjusted pre-tax operating margin Non-GAAP (b) 24 % 27 % 31 % Metrics: Average loans $ 12,124 $ 12,022 $ 12,339 1 % (2) % Average deposits $ 16,144 $ 15,195 $ 15,815 6 % 2 % AUM (in billions) (current period is preliminary) (c) $ 1,796 $ 1,910 $ 1,841 (6) % (2) % Wealth Management client assets (in billions) (current period is preliminary) (d) $ 236 $ 266 $ 253 (11) % (7) % (a) Prior periods have been restated. See "Segment Reporting Changes" on page 8 for additional information. (b) Net of distribution and servicing expense. See "Supplemental information Explanation of GAAP and Non-GAAP financial measures" on page 8 for information on this Non-GAAP measure. (c) Excludes securities lending cash management assets and assets managed in the Investment Services business. (d) Includes AUM and AUC/A in the Wealth Management business. KEY DRIVERS The drivers of the total revenue variances by line of business are indicated below. Asset Management - The year-over-year decrease primarily reflects equity investment losses, including seed capital, and an unfavorable change in the mix of AUM since 1Q19, partially offset by higher performance fees and market values. The sequential decrease primarily reflects equity investment losses, including seed capital, the impact of hedging activities and lower market values. Wealth Management - The year-over-year decrease primarily reflects lower net interest revenue due to lower interest rates, partially offset by the impact of higher deposits. Noninterest expense increased year-over-year primarily reflecting higher professional, legal and other purchased services expense. The sequential decrease primarily reflects lower severance expense. OTHER SEGMENT primarily includes leasing operations, certain corporate treasury activities, derivatives, business exits and other corporate revenue and expense items. (in millions) 1Q20 4Q19 (a) 1Q19 (a) Fee revenue $ 21 $ 817 $ 17 Net securities gains (losses) 9 (23) 1 Total fee and other revenue 30 794 18 Net interest (expense) (44) (10) (30) Total (loss) revenue (14) 784 (12) Provision for credit losses 11 (3) (2) Noninterest expense 30 54 49 (Loss) income before taxes $ (55) $ 733 $ (59) (a) Prior periods have been restated. See "Segment Reporting Changes" on page 8 for additional information. KEY DRIVERS Fee revenue, net securities losses and net interest expense include corporate treasury and other investment activity, including hedging activity which offsets between fee revenue and net interest expense. Total revenue decreased sequentially primarily reflecting the gain on the sale of an equity investment recorded in 4Q19. Net interest expense increased sequentially primarily reflecting corporate treasury activity. Noninterest expense decreased year-over-year primarily reflecting lower staff expense. The sequential decrease primarily reflects lower severance, partially offset by higher other staff expense, including pension expense. CAPITAL AND LIQUIDITY Capital and liquidity ratios March 31, 2020 December 31,2019 Consolidated regulatory capital ratios: (a) CET1 ratio 11.3 % 11.5 % Tier 1 capital ratio 13.5 13.7 Total capital ratio 14.3 14.4 Tier 1 leverage ratio 6.0 6.6 SLR 5.6 6.1 BNY Mellon shareholders' equity to total assets ratio 8.8 % 10.9 % BNY Mellon common shareholders' equity to total assets ratio 8.0 % 9.9 % Average LCR 115 % 120 % Book value per common share $ 42.47 $ 42.12 Tangible book value per common share Non-GAAP (b) $ 21.53 $ 21.33 Common shares outstanding (in thousands) 885,443 900,683 (a) Regulatory capital ratios for March31, 2020 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for Dec. 31, 2019, was the Advanced Approaches, and for March 31, 2020 was the Standardized Approaches for the CET1 and Tier 1 capital ratios and the Advanced Approach for the Total capital ratio. (b) Tangible book value per common share Non-GAAP excludes goodwill and intangible assets, net of deferred tax liabilities. See "Supplemental information Explanation of GAAP and Non-GAAP financial measures" on page 8 for information on this Non-GAAP measure. CET1 capital totaled $18.5 billion at March31, 2020, a decrease of $75 million compared with Dec. 31, 2019. The decrease primarily reflects capital deployed through common stock repurchases and dividend payments, partially offset by capital generated through earnings. NET INTEREST REVENUE Net interest revenue 1Q20 vs. (dollars in millions; not meaningful - N/M) 1Q20 4Q19 1Q19 4Q19 1Q19 Net interest revenue $ 814 $ 815 $ 841 % (3) % Add: Tax equivalent adjustment 2 2 4 N/M N/M Net interest revenue, on a fully taxable equivalent ("FTE") basis Non-GAAP (a) $ 816 $ 817 $ 845 % (3) % Net interest margin 1.01 % 1.09 % 1.20 % (8) bps (19) bps Net interest margin (FTE) Non-GAAP (a) 1.01 % 1.09 % 1.20 % (8) bps (19) bps (a) Net interest revenue (FTE) Non-GAAP and net interest margin (FTE) Non-GAAP include the tax equivalent adjustments on tax-exempt income. See "Supplemental information Explanation of GAAP and Non-GAAP financial measures" on page 8 for information on this Non-GAAP measure. bps basis points. Net interest revenue decreased year-over-year, primarily reflecting lower interest rates on interest-earning assets and the impact of hedging activities (primarily offset in foreign exchange and other trading revenue). This was partially offset by the benefit of lower deposit and funding rates and higher deposits, securities and loans. Sequentially, the favorable impact of higher deposits, securities and loans was offset by the impact of hedging activities (primarily offset in foreign exchange and other trading revenue) and lower rates. THE BANK OF NEW YORK MELLON CORPORATION Condensed Consolidated Income Statement (in millions) Quarter ended March 31, 2020 December 31, 2019 March 31, 2019 Fee and other revenue Investment services fees: Asset servicing fees $ 1,159 $ 1,148 $ 1,122 Clearing services fees 470 421 398 Issuer services fees 263 264 251 Treasury services fees 149 147 132 Total investment services fees 2,041 1,980 1,903 Investment management and performance fees 862 883 841 Foreign exchange and other trading revenue 319 168 170 Financing-related fees 59 46 51 Distribution and servicing 31 34 31 Investment and other income 11 860 35 Total fee revenue 3,323 3,971 3,031 Net securities gains (losses) 9 (25) 1 Total fee and other revenue 3,332 3,946 3,032 Operations of consolidated investment management funds Investment (loss) income (38) 17 26 Interest of investment management fund note holders (Loss) income from consolidated investment management funds (38) 17 26 Net interest revenue Interest revenue 1,570 1,721 1,920 Interest expense 756 906 1,079 Net interest revenue 814 815 841 Total revenue 4,108 4,778 3,899 Provision for credit losses (a) 169 (8) 7 Noninterest expense Staff 1,482 1,639 1,524 Professional, legal and other purchased services 330 367 325 Software and equipment 326 326 283 Net occupancy 135 151 137 Sub-custodian and clearing 105 119 105 Distribution and servicing 91 92 91 Business development 42 65 45 Bank assessment charges 35 32 31 Amortization of intangible assets 26 28 29 Other 140 145 129 Total noninterest expense 2,712 2,964 2,699 Income Income before income taxes 1,227 1,822 1,193 Provision for income taxes 265 373 237 Net income 962 1,449 956 Net loss (income) attributable to noncontrolling interests (includes $18, $(9), and $(10) related to consolidated investment management funds, respectively) 18 (9) (10) Net income applicable to shareholders of The Bank of New York Mellon Corporation 980 1,440 946 Preferred stock dividends (36) (49) (36) Net income applicable to common shareholders of The Bank of New York Mellon Corporation $ 944 $ 1,391 $ 910 (a) In the first quarter of 2020, we adopted new accounting guidance included in ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses On Financial Instruments, on a prospective basis. Earnings per share applicable to the common shareholders of The Bank of New York MellonCorporation Quarter ended March 31,2020 December 31,2019 March 31,2019 (in dollars) Basic $ 1.05 $ 1.52 $ 0.94 Diluted $ 1.05 $ 1.52 $ 0.94 SEGMENT REPORTING CHANGES In the first quarter of 2020, we reclassified the results of certain services provided between the segments from noninterest expense to fee and other revenue. This activity is offset in the Other segment and relates to services that are also provided to third-parties and provides consistency with the reporting of the revenues. This adjustment had no impact on income before taxes of the businesses. Prior periods have been restated. In the first quarter of 2020, we reclassified the results related to certain lending activities from the Wealth Management business to the Pershing business. These loans were originated by the Wealth Management business as a service to Pershing clients. This resulted in an increase in total revenue, noninterest expense and income before taxes in the Pershing business and corresponding decrease in the Wealth Management business. Prior periods have been restated. For additional information on the segment reporting changes, see "Segment Reporting Changes" in the Financial Supplement available at www.bnymellon.com. SUPPLEMENTAL INFORMATION EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES BNY Mellon has included in this Earnings Release certain Non-GAAP financial measures on a tangible basis as a supplement to GAAP information, which exclude goodwill and intangible assets, net of deferred tax liabilities. BNY Mellon believes that the return on tangible common equity is additional useful information for investors because it presents a measure of those assets that can generate income, and the tangible book value per common share is additional useful information because it presents the level of tangible assets in relation to shares of common stock outstanding. Net interest revenue, on a fully taxable equivalent ("FTE") basis Non-GAAP and net interest margin (FTE) Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income which allows for the comparison of amounts arising from both taxable and tax-exempt sources and is consistent with industry practice. The adjustment to an FTE basis has no impact on net income. BNY Mellon has also included the operating margin for the Investment Management business net of distribution and servicing expense that was passed to third parties who distribute or service our managed funds. BNY Mellon believes that this measure is useful when evaluating the performance of the Investment Management business relative to industry competitors. For the reconciliations of these Non-GAAP measures, see "Supplemental Information - Explanation of GAAP and Non-GAAP Financial Measures" in the Financial Supplement available at www.bnymellon.com. CAUTIONARY STATEMENT A number of statements (i) in this Earnings Release, (ii)in our Financial Supplement, (iii) in our presentations and (iv) in the responses to questions on our conference call discussing our quarterly results and other public events may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 including statements about our capital plans, strategic priorities, financial goals, organic growth, performance, organizational quality and efficiency, investments, including in technology and product development, resiliency, capabilities, revenue, net interest revenue, fees, expenses, cost discipline, sustainable growth, company management, deposits, interest rates and yield curves, securities portfolio, taxes, business opportunities, divestments, volatility, preliminary business metrics and regulatory capital ratios and statements regarding our aspirations, as well as our overall plans, strategies, goals, objectives, expectations, outlooks, estimates, intentions, targets, opportunities, focus and initiatives, including the potential effects of the coronavirus pandemic on any of the foregoing. These statements may be expressed in a variety of ways, including the use of future or present tense language. Words such as "estimate," "forecast," "project," "anticipate," "likely," "target," "expect," "intend," "continue," "seek," "believe," "plan," "goal," "could," "should," "would," "may," "might," "will," "strategy," "synergies," "opportunities," "trends," "future" and words of similar meaning signify forward-looking statements. These statements and other forward-looking statements contained in other public disclosures of The Bank of New York Mellon Corporation which make reference to the cautionary factors described in this Earnings Release are based upon current beliefs and expectations and are subject to significant risks and uncertainties (some of which are beyond BNY Mellon's control). Actual results may differ materially from those expressed or implied as a result of these risks and uncertainties, including, but not limited to, the risk factors and other uncertainties set forth in BNY Mellon's Annual Report on Form 10-K for the year ended Dec. 31, 2019 and BNY Mellon's other filings with the Securities and Exchange Commission. Statements about the effects of the current and near-term market and macroeconomic environment on BNY Mellon, including on its business, operations, financial performance and prospects, may constitute forward-looking statements, and are based on assumptions that involve risks and uncertainties and that are subject to change based on various important factors (some of which are beyond BNY Mellon's control), including the scope and duration of the pandemic, actions taken by governmental authorities in response to the pandemic, and the direct and indirect impact of the pandemic on BNY Mellon, our clients, customers and third parties. Preliminary business metrics and regulatory capital ratios are subject to change, possibly materially, as BNY Mellon completes its Quarterly Report on Form 10-Q for the quarter ended March 31, 2020. All forward-looking statements in this Earnings Release speak only as of April16, 2020, and BNY Mellon undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events. ABOUT BNY MELLON BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As of March31, 2020, BNY Mellon had $35.2 trillion in assets under custody and/or administration, and $1.8 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. CONFERENCE CALL INFORMATION Todd Gibbons, Chief Executive Officer, and Mike Santomassimo, Chief Financial Officer, will host a conference call and simultaneous live audio webcast at 8:00 a.m. EDT on April16, 2020. This conference call and audio webcast will include forward-looking statements and may include other material information. Investors and analysts wishing to access the conference call and audio webcast may do so by dialing (800)390-5696 (U.S.) or (720) 452-9082 (International), and using the passcode: 807070, or by logging onto www.bnymellon.com/investorrelations. Earnings materials will be available at www.bnymellon.com/investorrelations beginning at approximately 6:30 a.m. EDT on April16, 2020. Replays of the conference call and audio webcast will be available beginning April16, 2020 at approximately 2:00 p.m. EDT through May 16, 2020 by dialing (888)203-1112 (U.S.) or (719)457-0820 (International), and using the passcode: 5375940. The archived version of the conference call and audio webcast will also be available at www.bnymellon.com/investorrelations for the same time period. SOURCE BNY Mellon Related Links www.bnymellon.com
|
edtsum3941
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: FRISCO, Texas, May 4, 2020 /PRNewswire/ --Addus HomeCare Corporation (NASDAQ: ADUS), a provider of home care services, today announced preliminary financial results for the first quarter ended March31, 2020. Net service revenues were $190.2 million for the first quarter of 2020, an increase from the first quarter of 2019. Net income increased to $8.7 million and net income per diluted share increased to $0.54, in comparison with the prioryear period. Adjusted net income per diluted share grew to $0.77 from the first quarter of 2019. Adjusted net income per diluted share for the first quarter of 2020 excludes COVID-19 expenses of $0.01, M&A expenses of $0.09, restructuring and severance costs of $0.05, and stock-based compensation expense of $0.08. Adjusted EBITDA increased to $17.7 million for the first quarter of 2020 from the first quarter of 2019. (See page 5 for a reconciliation of all non-GAAP and GAAP financial measures in this news release.) At March 31, 2020, the Company had cash of $130.5 million and bank debt of $60.1 million, while availability under its revolving credit facility was $218.5 million. Net cash provided by operating activities was $20.4 million for the first quarter of 2020. Dirk Allison, President and Chief Executive Officer of Addus HomeCare, commented, "Overall, for the first quarter we experienced substantial revenue growth across all our service segments, reflecting favorable demand trends and strong operational discipline. Even as most of the states where we operate have been under "shelter in place" orders since mid-March, we have continued to provide the critical and essential home care services that allow individuals to remain in their homes. We are proud of our financial results for the first quarter that we achieved while enduring significant operational challenges related to the COVID-19 pandemic that we began to see in March." Allison noted further, "Obviously, much has changed in our operating environment since the end of the first quarter. But our primary focus has remained on the health and safety of our caregivers and other employees and the patients and customers we serve. The COVID-19 pandemic has created new challenges for our business with heightened emphasis on providing our services in a safe manner, as well as the economic impact on the communities we serve. We are following published guidelines by the Centers for Disease Control and other public health authorities and have implemented procedures with respect to social distancing, health monitoring, enhanced cleaning protocols, and care coordination. Our internal task force meets daily, and our senior leadership team continues to analyze and address various evolving issues surrounding the COVID-19 pandemic and its impact on the Company's operations." Mr. Allison added, "Looking ahead, we will continue to execute our growth strategy as a leading provider of home care services. In addition to organic growth opportunities, we have a solid pipeline of potential acquisitions, although we are, of course, approaching the consummation of any acquisition with all appropriate caution and diligence. "Addus offers a strong value proposition, including through our expanding hospice and home health services, and we are well positioned to meet the current and expected demand for our services. We recognize the dedication of our caregivers and of all healthcare workers, and we are proud of the heroic work being performed across our operations every day. Our caregivers' services during this important time will enable many elderly and vulnerable individuals to avoid the risks found in settings outside of their homes during this unprecedented time." Non-GAAP Financial Measures The information provided in this release includes adjusted net income, adjusted EBITDA and adjusted diluted earnings per share, which are non-GAAP financial measures. The Company defines adjusted net income as net income before the net-of-tax amounts of interest income from the state of Illinois, COVID19 expenses, M&A expenses, stock-based compensation expense, restructure charges, severance and other costs. The Company defines adjusted EBITDA as net income before interest expense, interest income, other non-operating income, COVID-19 expenses, taxes, depreciation, amortization, interest income from the State of Illinois, M&A expenses, stock-based compensation expense, restructure charges, severance and other costs. The Company defines adjusted diluted earnings per share as earnings per share adjusted for interest income from the State of Illinois, COVID19 expenses, M&A expenses, stock compensation expense and restructure expense, severance and other costs. The Company has provided, in the financial statement tables included in this press release, a reconciliation of adjusted net income to net income, a reconciliation of adjusted EBITDA to net income and a reconciliation of adjusted diluted earnings per share to earnings per share, in each case, the most directly comparable GAAP measure. Management believes that adjusted net income, adjusted EBITDA and adjusted diluted earnings per share are useful to investors, management and others in evaluating the Company's operating performance, to provide investors with insight and consistency in the Company's financial reporting and to present a basis for comparison of the Company's business operations among periods, and to facilitate comparison with the results of the Company's peers. With respect to COVID19 expenses, the Company views these expenses as unrelated to the Company's long-term performance, since they are directly related to the sudden onset COVID-19 pandemic. Conference Call Addus will host a conference call on Tuesday, May 5, 2020, beginning at 9:00 a.m. Eastern time. The tollfree dial-in number is (877) 930-8289 (international dial-in number is (253)336-8714), passcode 2070009. A telephonic replay of the conference call will be available through midnight on May 19, 2020, by dialing (855) 859-2056 (international dial-in number is (404)5373406) and entering pass code 2070009. AlivebroadcastofAddusHomeCare'sconferencecallwillbeavailableundertheInvestorRelations sectionoftheCompany'swebsite:www.addus.com.Anonlinereplayoftheconferencecallwillalso beavailableontheCompany'swebsiteforonemonth,beginningapproximatelytwohoursfollowing the conclusion of the livebroadcast. Forward-Looking Statements Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by words such as "preliminary," "continue," "expect," and similar expressions. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. Forward-looking statements involve a number of risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such forward-looking statements, including discretionary determinations by government officials, the consummation and integration of acquisitions, anticipated transition to managed care providers, our ability to successfully execute our growth strategy, unexpected increases in SG&A and other expenses, expected benefits and unexpected costs of acquisitions and dispositions, management plans related to dispositions, the possibility that expected benefits may not materialize as expected, the failure of the business to perform as expected, changes in reimbursement, changes in government regulations, changes in Addus HomeCare's relationships with referral sources, increased competition for Addus HomeCare's services, changes in the interpretation of government regulations, the uncertainty regarding the outcome of discussions with managed care organizations, changes in tax rates, the impact of adverse weather, higher than anticipated costs, lower than anticipated cost savings, estimation inaccuracies in future revenues, margins, earnings and growth, whether any anticipated receipt of payments will materialize, the anticipated impact to our business operations, reimbursements and patient population due to the recent COVID-19 global pandemic, caused by a novel strain of the coronavirus (COVID-19), and other risks set forth in the Risk Factors section in Addus HomeCare's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 18, 2019, and Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 9, 2019, which are available at www.sec.gov. The financial information described herein and the periods to which they relate are preliminary estimates that are subject to change and finalization. There is no assurance that the final amounts and adjustments will not differ materially from the amounts described above, or that additional adjustments will not be identified, the impact of which may be material. Addus HomeCare undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In addition, these forward-looking statements necessarily depend upon assumptions, estimates and dates that may be incorrect or imprecise and involve known and unknown risks, uncertainties and other factors. Accordingly, any forward-looking statements included in this press release do not purport to be predictions of future events or circumstances and may not be realized. (Unaudited tables and notes follow). About Addus Addus is a provider of home care services that primarily include personal care services that assist with activities of daily living, as well as hospice and home health services. Addus' consumers are primarily persons who, without these services, are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. Addus' payor clients include federal, state and local governmental agencies, managed care organizations, commercial insurers and private individuals. Addus currently provides home care services to approximately 43,000 consumers through 180 locations across 25 states. For more information, please visit www.addus.com. ADDUS HOMECARE CORPORATION AND SUBSIDIARIES Key Statistical and Financial Data (Preliminary and Unaudited) For the Three Months Ended March 31, 2020 Personal Care States served at period end 24 Locations served at period end 151 Average billable census - same store 38,177 Average billable census - acquisitions 993 Average billable census total 39,170 Billable hours (in thousands) 7,674 Average billable hours per census per month 64.9 Billable hours per business day 118,054 Revenues per billable hour $ 20.97 Organic growth Revenue 15.0% Hospice Locations served at period end 34 Admissions 1,655 Average daily census 1,863 Average discharge length of stay 99.1 Patient days 169,512 Revenue per patient day $ 150.49 Organic growth Revenue 12.1% Average daily census 14.1% Home Health Locations served at period end 10 New Admissions 1,022 Recertifications 710 Total Volume 1,732 Visits 33,710 Organic growth Revenue 19.5% New admissions 10.9% Percentage of Revenues by Payor: Personal Care State, local and other governmental programs 49.4% Managed care organizations 44.9 Private duty 3.3 Commercial 1.6 Other 0.8% Hospice Medicare 92.1% Managed care organizations 5.5 Other 2.4% Home Health Medicare 80.0% Managed care organizations 18.6 Other 1.4% ADDUS HOMECARE CORPORATION AND SUBSIDIARIES Reconciliation of Non-GAAP Financial Measures (Amounts in thousands, except per share data) (Preliminary and Unaudited) For the Three Months Ended March 31, 2020 Reconciliation of Adjusted EBITDA to Net Income: (1) Net income $ 8,658 Interest expense, net 574 COVID-19 expenses (2) 263 Income tax expense 1,429 Depreciation and amortization 2,887 M&A expenses 1,634 Stock-based compensation expense 1,407 Severance and other non-recurring costs 873 Adjusted EBITDA $ 17,725 Reconciliation of Adjusted Net Income to Net Income: (3) Net income $ 8,658 COVID-19 expenses, net of tax 227 M&A expenses, net of tax 1,417 Stock-based compensation expense, net of tax 1,220 Severance and other non-recurring costs, net of tax 758 Adjusted net income $ 12,280 Reconciliation of Adjusted Diluted Earnings Per Share to Diluted Earnings Per Share: (4) Diluted earnings per share $ 0.54 COVID-19 expenses per diluted share 0.01 M&A expenses per diluted share 0.09 Severance and other non-recurring costs per diluted share 0.05 Stock-based compensation expense per diluted share 0.08 Adjusted diluted earnings per share $ 0.77 (1) We define Adjusted EBITDA as earnings before interest expense, interest income, other non-operating income, taxes, depreciation, amortization, M&A expenses, stock-based compensation expense, restructure charges, severance and other costs. Adjusted EBITDA is a performance measure used by management that is not calculated in accordance with generally accepted accounting principles in the United States (GAAP). It should not be considered in isolation or as a substitute for net income, operating income or any other measure of financial performance calculated in accordance with GAAP. (2) COVID-19 expenses include increased expenses for personal protective equipment and additional personnel- related costs. (3) We define Adjusted net income as net income before interest income from the state of Illinois, M&A expenses, stock-based compensation expense, restructure charges, severance and other costs. Adjusted Net Income is a performance measure used by management that is not calculated in accordance with generally accepted accounting principles in the United States (GAAP). It should not be considered in isolation or as a substitute for net income, operating income or any other measure of financial performance calculated in accordance with GAAP. (4) We define Adjusted diluted earnings per share as earnings per share, adjusted for interest income from the State of Illinois, M&A expenses, stock compensation expense and restructure charges, severance and other costs. Adjusted diluted earnings per share is a performance measure used by management that is not calculated in accordance with generally accepted accounting principles in the United States (GAAP). It should not be considered in isolation or as a substitute for net income, operating income or any other measure of financial performance calculated in accordance with GAAP. SOURCE Addus HomeCare Corporation Related Links http://www.addus.com
Answer:
|
Addus HomeCare Announces Preliminary First-Quarter 2020 Financial Results
|
FRISCO, Texas, May 4, 2020 /PRNewswire/ --Addus HomeCare Corporation (NASDAQ: ADUS), a provider of home care services, today announced preliminary financial results for the first quarter ended March31, 2020. Net service revenues were $190.2 million for the first quarter of 2020, an increase from the first quarter of 2019. Net income increased to $8.7 million and net income per diluted share increased to $0.54, in comparison with the prioryear period. Adjusted net income per diluted share grew to $0.77 from the first quarter of 2019. Adjusted net income per diluted share for the first quarter of 2020 excludes COVID-19 expenses of $0.01, M&A expenses of $0.09, restructuring and severance costs of $0.05, and stock-based compensation expense of $0.08. Adjusted EBITDA increased to $17.7 million for the first quarter of 2020 from the first quarter of 2019. (See page 5 for a reconciliation of all non-GAAP and GAAP financial measures in this news release.) At March 31, 2020, the Company had cash of $130.5 million and bank debt of $60.1 million, while availability under its revolving credit facility was $218.5 million. Net cash provided by operating activities was $20.4 million for the first quarter of 2020. Dirk Allison, President and Chief Executive Officer of Addus HomeCare, commented, "Overall, for the first quarter we experienced substantial revenue growth across all our service segments, reflecting favorable demand trends and strong operational discipline. Even as most of the states where we operate have been under "shelter in place" orders since mid-March, we have continued to provide the critical and essential home care services that allow individuals to remain in their homes. We are proud of our financial results for the first quarter that we achieved while enduring significant operational challenges related to the COVID-19 pandemic that we began to see in March." Allison noted further, "Obviously, much has changed in our operating environment since the end of the first quarter. But our primary focus has remained on the health and safety of our caregivers and other employees and the patients and customers we serve. The COVID-19 pandemic has created new challenges for our business with heightened emphasis on providing our services in a safe manner, as well as the economic impact on the communities we serve. We are following published guidelines by the Centers for Disease Control and other public health authorities and have implemented procedures with respect to social distancing, health monitoring, enhanced cleaning protocols, and care coordination. Our internal task force meets daily, and our senior leadership team continues to analyze and address various evolving issues surrounding the COVID-19 pandemic and its impact on the Company's operations." Mr. Allison added, "Looking ahead, we will continue to execute our growth strategy as a leading provider of home care services. In addition to organic growth opportunities, we have a solid pipeline of potential acquisitions, although we are, of course, approaching the consummation of any acquisition with all appropriate caution and diligence. "Addus offers a strong value proposition, including through our expanding hospice and home health services, and we are well positioned to meet the current and expected demand for our services. We recognize the dedication of our caregivers and of all healthcare workers, and we are proud of the heroic work being performed across our operations every day. Our caregivers' services during this important time will enable many elderly and vulnerable individuals to avoid the risks found in settings outside of their homes during this unprecedented time." Non-GAAP Financial Measures The information provided in this release includes adjusted net income, adjusted EBITDA and adjusted diluted earnings per share, which are non-GAAP financial measures. The Company defines adjusted net income as net income before the net-of-tax amounts of interest income from the state of Illinois, COVID19 expenses, M&A expenses, stock-based compensation expense, restructure charges, severance and other costs. The Company defines adjusted EBITDA as net income before interest expense, interest income, other non-operating income, COVID-19 expenses, taxes, depreciation, amortization, interest income from the State of Illinois, M&A expenses, stock-based compensation expense, restructure charges, severance and other costs. The Company defines adjusted diluted earnings per share as earnings per share adjusted for interest income from the State of Illinois, COVID19 expenses, M&A expenses, stock compensation expense and restructure expense, severance and other costs. The Company has provided, in the financial statement tables included in this press release, a reconciliation of adjusted net income to net income, a reconciliation of adjusted EBITDA to net income and a reconciliation of adjusted diluted earnings per share to earnings per share, in each case, the most directly comparable GAAP measure. Management believes that adjusted net income, adjusted EBITDA and adjusted diluted earnings per share are useful to investors, management and others in evaluating the Company's operating performance, to provide investors with insight and consistency in the Company's financial reporting and to present a basis for comparison of the Company's business operations among periods, and to facilitate comparison with the results of the Company's peers. With respect to COVID19 expenses, the Company views these expenses as unrelated to the Company's long-term performance, since they are directly related to the sudden onset COVID-19 pandemic. Conference Call Addus will host a conference call on Tuesday, May 5, 2020, beginning at 9:00 a.m. Eastern time. The tollfree dial-in number is (877) 930-8289 (international dial-in number is (253)336-8714), passcode 2070009. A telephonic replay of the conference call will be available through midnight on May 19, 2020, by dialing (855) 859-2056 (international dial-in number is (404)5373406) and entering pass code 2070009. AlivebroadcastofAddusHomeCare'sconferencecallwillbeavailableundertheInvestorRelations sectionoftheCompany'swebsite:www.addus.com.Anonlinereplayoftheconferencecallwillalso beavailableontheCompany'swebsiteforonemonth,beginningapproximatelytwohoursfollowing the conclusion of the livebroadcast. Forward-Looking Statements Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by words such as "preliminary," "continue," "expect," and similar expressions. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. Forward-looking statements involve a number of risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such forward-looking statements, including discretionary determinations by government officials, the consummation and integration of acquisitions, anticipated transition to managed care providers, our ability to successfully execute our growth strategy, unexpected increases in SG&A and other expenses, expected benefits and unexpected costs of acquisitions and dispositions, management plans related to dispositions, the possibility that expected benefits may not materialize as expected, the failure of the business to perform as expected, changes in reimbursement, changes in government regulations, changes in Addus HomeCare's relationships with referral sources, increased competition for Addus HomeCare's services, changes in the interpretation of government regulations, the uncertainty regarding the outcome of discussions with managed care organizations, changes in tax rates, the impact of adverse weather, higher than anticipated costs, lower than anticipated cost savings, estimation inaccuracies in future revenues, margins, earnings and growth, whether any anticipated receipt of payments will materialize, the anticipated impact to our business operations, reimbursements and patient population due to the recent COVID-19 global pandemic, caused by a novel strain of the coronavirus (COVID-19), and other risks set forth in the Risk Factors section in Addus HomeCare's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 18, 2019, and Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 9, 2019, which are available at www.sec.gov. The financial information described herein and the periods to which they relate are preliminary estimates that are subject to change and finalization. There is no assurance that the final amounts and adjustments will not differ materially from the amounts described above, or that additional adjustments will not be identified, the impact of which may be material. Addus HomeCare undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In addition, these forward-looking statements necessarily depend upon assumptions, estimates and dates that may be incorrect or imprecise and involve known and unknown risks, uncertainties and other factors. Accordingly, any forward-looking statements included in this press release do not purport to be predictions of future events or circumstances and may not be realized. (Unaudited tables and notes follow). About Addus Addus is a provider of home care services that primarily include personal care services that assist with activities of daily living, as well as hospice and home health services. Addus' consumers are primarily persons who, without these services, are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. Addus' payor clients include federal, state and local governmental agencies, managed care organizations, commercial insurers and private individuals. Addus currently provides home care services to approximately 43,000 consumers through 180 locations across 25 states. For more information, please visit www.addus.com. ADDUS HOMECARE CORPORATION AND SUBSIDIARIES Key Statistical and Financial Data (Preliminary and Unaudited) For the Three Months Ended March 31, 2020 Personal Care States served at period end 24 Locations served at period end 151 Average billable census - same store 38,177 Average billable census - acquisitions 993 Average billable census total 39,170 Billable hours (in thousands) 7,674 Average billable hours per census per month 64.9 Billable hours per business day 118,054 Revenues per billable hour $ 20.97 Organic growth Revenue 15.0% Hospice Locations served at period end 34 Admissions 1,655 Average daily census 1,863 Average discharge length of stay 99.1 Patient days 169,512 Revenue per patient day $ 150.49 Organic growth Revenue 12.1% Average daily census 14.1% Home Health Locations served at period end 10 New Admissions 1,022 Recertifications 710 Total Volume 1,732 Visits 33,710 Organic growth Revenue 19.5% New admissions 10.9% Percentage of Revenues by Payor: Personal Care State, local and other governmental programs 49.4% Managed care organizations 44.9 Private duty 3.3 Commercial 1.6 Other 0.8% Hospice Medicare 92.1% Managed care organizations 5.5 Other 2.4% Home Health Medicare 80.0% Managed care organizations 18.6 Other 1.4% ADDUS HOMECARE CORPORATION AND SUBSIDIARIES Reconciliation of Non-GAAP Financial Measures (Amounts in thousands, except per share data) (Preliminary and Unaudited) For the Three Months Ended March 31, 2020 Reconciliation of Adjusted EBITDA to Net Income: (1) Net income $ 8,658 Interest expense, net 574 COVID-19 expenses (2) 263 Income tax expense 1,429 Depreciation and amortization 2,887 M&A expenses 1,634 Stock-based compensation expense 1,407 Severance and other non-recurring costs 873 Adjusted EBITDA $ 17,725 Reconciliation of Adjusted Net Income to Net Income: (3) Net income $ 8,658 COVID-19 expenses, net of tax 227 M&A expenses, net of tax 1,417 Stock-based compensation expense, net of tax 1,220 Severance and other non-recurring costs, net of tax 758 Adjusted net income $ 12,280 Reconciliation of Adjusted Diluted Earnings Per Share to Diluted Earnings Per Share: (4) Diluted earnings per share $ 0.54 COVID-19 expenses per diluted share 0.01 M&A expenses per diluted share 0.09 Severance and other non-recurring costs per diluted share 0.05 Stock-based compensation expense per diluted share 0.08 Adjusted diluted earnings per share $ 0.77 (1) We define Adjusted EBITDA as earnings before interest expense, interest income, other non-operating income, taxes, depreciation, amortization, M&A expenses, stock-based compensation expense, restructure charges, severance and other costs. Adjusted EBITDA is a performance measure used by management that is not calculated in accordance with generally accepted accounting principles in the United States (GAAP). It should not be considered in isolation or as a substitute for net income, operating income or any other measure of financial performance calculated in accordance with GAAP. (2) COVID-19 expenses include increased expenses for personal protective equipment and additional personnel- related costs. (3) We define Adjusted net income as net income before interest income from the state of Illinois, M&A expenses, stock-based compensation expense, restructure charges, severance and other costs. Adjusted Net Income is a performance measure used by management that is not calculated in accordance with generally accepted accounting principles in the United States (GAAP). It should not be considered in isolation or as a substitute for net income, operating income or any other measure of financial performance calculated in accordance with GAAP. (4) We define Adjusted diluted earnings per share as earnings per share, adjusted for interest income from the State of Illinois, M&A expenses, stock compensation expense and restructure charges, severance and other costs. Adjusted diluted earnings per share is a performance measure used by management that is not calculated in accordance with generally accepted accounting principles in the United States (GAAP). It should not be considered in isolation or as a substitute for net income, operating income or any other measure of financial performance calculated in accordance with GAAP. SOURCE Addus HomeCare Corporation Related Links http://www.addus.com
|
edtsum3944
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SANTA CLARA, Calif., March 8, 2021 /PRNewswire/ --Coherent, Inc. (NASDAQ: COHR) ("Coherent") today announced that the company's board of directors, in consultation with its financial and legal advisors, has unanimously determined that a revised acquisition proposal Coherent received from II-VI Incorporated (NASDAQ: IIVI) ("II-VI") constitutes a "Company Superior Proposal" under Coherent's pending merger agreement with Lumentum Holdings Inc. (NASDAQ: LITE) ("Lumentum"). Under the terms of II-VI's revised proposal, each share of Coherent common stock would be exchanged for $170.00 in cash and 1.0981 shares of II-VI common stock at the completion of the transaction. Coherent has notifed Lumentum that it intends to terminate their merger agreement unless Coherent receives a revised proposal from Lumentum by 11:59 p.m. Pacific Time on March 11, 2021 that the Coherent board determines to be at least as favorable to Coherent's stockholders from a financial point of view as II-VI's revised proposal, after taking into account all aspects of any such proposal Coherent may receive from Lumentum. Prior to making its determination regarding II-VI's revised proposal, Coherent received revised proposals from Lumentum and a revised proposal from MKS Instruments, Inc. (NASDAQ: MKSI) ("MKS"). Under the terms of one of Lumentum's revised proposals, each share of Coherent common stock would be exchanged for $175.00 in cash and 1.0109 shares of Lumentum common stock at the completion of the transaction, coupled with a significantly higher termination fee as a condition to accepting competing acquisition proposals. Under the terms of Lumentum's other revised proposal, each share of Coherent common stock would be exchanged for $170.00 in cash and 1.0109 shares of Lumentum common stock at the completion of the transaction, coupled with a meaningfully higher termination fee as a condition to accepting competing acquisition proposals. Under the terms of MKS' revised proposal, each share of Coherent common stock would be exchanged for $135.00 in cash and 0.7516 of a share of MKS common stock, subject to a collar, at the completion of the transaction. Consistent with its fiduciary duties, the Coherent board of directors conducted a thorough and rigorous review of all of the acquisition proposals it had received before making its determination regarding II-VI's revised acquisition proposal. Bank of America and Credit Suisse are serving as financial advisors to Coherent, and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal advisor. About CoherentFounded in 1966, Coherent, Inc. is a global provider of lasers and laser-based technology for scientific, commercial and industrial customers. Our common stock is listed on the Nasdaq Global Select Market and is part of the Russell 1000 and Standard & Poor's MidCap 400 Index. For more information about Coherent, visit the company's website at https://www.Coherent.com for product and financial updates. ImportantInformation and Where You Can Find ItIn connection with the proposed transaction between Coherent and Lumentum (the "Proposed Transaction"), Lumentum plans to file with the U.S. Securities and Exchange Commission (the "SEC") a registration statement on Form S-4 that will include a joint proxy statement of Coherent and Lumentum and will constitute a prospectus with respect to shares of Lumentum's common stock to be issued to Coherent's stockholders at the completion of the Proposed Transaction (the "Joint Proxy Statement/Prospectus"). Coherent and Lumentum may also file other documents with the SEC regarding the Proposed Transaction. This communication is not a substitute for the Joint Proxy Statement/Prospectus or any other document which Coherent or Lumentum may file with the SEC in connection with the Proposed Transaction. COHERENT STOCKHOLDERS ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders will be able to obtain free copies of the Joint Proxy Statement/Prospectus and other relevant documents filed with the SEC by Coherent and Lumentum in connection with the Proposed Transaction through the website maintained by the SEC at www.sec.gov. Additional information regarding the participants in the solicitation of proxies in respect of the Proposed Transaction, and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in any registration statement, prospectus, proxy statement and other relevant materials to be filed with the SEC if and when they become available. Participants in the Solicitation of Proxies in Connection with Proposed TransactionCoherent and its directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the Proposed Transaction. Information regarding Coherent's directors and executive officers, including a description of their direct and indirect interests in the Proposed Transaction, by security holdings or otherwise, will be contained in the Joint Proxy Statement/Prospectus. Coherent stockholders may obtain additional information regarding the direct and indirect interests of the participants in the solicitation of proxies in connection with the Proposed Transaction, including the direct and indirect interests of Coherent directors and executive officers in the Proposed Transaction, which may be different than those of Coherent stockholders generally, by reading the Joint Proxy Statement/Prospectus and any other relevant documents (including any registration statement, prospectus, proxy statement and other relevant materials to be filed with the SEC) that are filed or will be filed with the SEC relating to the Proposed Transaction. You may obtain free copies of these documents using the sources indicated above. No Offer or SolicitationThis document does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. If a negotiated transaction between Coherent and II-VI is entered into, Coherent and II-VI will prepare and file a registration statement that will include a proxy statement/prospectus related to the proposed transaction, the proposed transaction will be submitted to the stockholders of Coherent for their consideration, and Coherent will provide the proxy statement/prospectus to its stockholders. Coherent, and possibly II-VI, may also file other documents with the SEC regarding the proposed transaction. This document is not a substitute for any prospectus, proxy statement or any other document which Coherent or II-VI may file with the SEC in connection with such proposed transaction. If a negotiated transaction between Coherent and II-VI is entered into, investors and security holders are urged to read the proxy statement/prospectus and the other relevant materials with respect to the proposed transaction with II-VI carefully in their entirety when they become available before making any voting or investment decision with respect to the proposed transaction with II-VI because they will contain important information about the proposed transaction with II-VI. Cautionary Note Regarding Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Coherent's and its board of directors' current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in these statements. These statements include the statement that Coherent will negotiate with Lumentum, that the Coherent board will consider in good faith any changes to the Lumentum agreement that Lumentum may propose during this period and that the offer from II-VI will remain open during the pendency of negotiations between Coherent and Lumentum. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: the determinations made by Coherent's board of directors following its evaluation of the negotiations between Coherent and Lumentum; the impact of the actions of Lumentum, MKS or II-VI in response to any discussions between Coherent and one of the other companies and the potential consummation of the proposed transaction with one of such other companies; the outcome of any legal proceedings that could be instituted against Coherent or its directors related to the discussions or the proposed merger agreement with Lumentum or II-VI; changes in the proposal from MKS, II-VI or Lumentum; the occurrence of any event, change or other circumstances that could give rise to the termination of the proposed merger agreement with Lumentum; the inability to complete the proposed merger with Lumentum or II-VI due to the failure to obtain stockholder approval for the merger or the failure to satisfy other conditions to completion of the merger, including the receipt of all regulatory approvals related to the merger; the failure of the counterparty to the merger agreement with Coherent to obtain the necessary financing arrangements set forth in the debt commitment letters delivered pursuant to the proposed merger agreement with such counterparty; risks that the proposed transaction disrupts current plans and operations and potential difficulties in employee retention as a result of the proposed merger with Lumentum or II-VI; the impact of the COVID-19 pandemic and related private and public sector measures on Coherent's business and general economic conditions; risks associated with the recovery of global and regional economies from the negative effects of the COVID-19 pandemic and related private and public sector measures; unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as Coherent's and the counterparty to a merger agreement with Coherent's response to any of the aforementioned factors; geopolitical conditions, including trade and national security policies and export controls and executive orders relating thereto, and worldwide government economic policies, including trade relations between the United States and China; Coherent's ability to provide a safe working environment for members during the COVID-19 pandemic or any other public health crises, including pandemics or epidemics; the effects of local and national economic, credit and capital market conditions on the proposed transactions or on the economy in general, as well as those risks and uncertainties discussed from time to time in our other reports and other public filings with the SEC, including, but not limited to, those detailed in Coherent's Annual Report on Form 10-K for the fiscal year ended October 3, 2020 (as amended), and Coherent's Quarterly Report on Form 10-Q for the fiscal quarter ended January2, 2021. The forward-looking statements contained herein are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Investors Media Charlie Koons Jonathan Doorley / Rebecca Kral Brunswick Group Brunswick Group +1 (917) 246-1458 +1 (917) 459-0419 / +1 (917) 818-9002 SOURCE Coherent, Inc. Related Links https://www.coherent.com
Answer:
|
Coherent Board Determines Revised II-VI Proposal Is Superior To Lumentum Merger Agreement
|
SANTA CLARA, Calif., March 8, 2021 /PRNewswire/ --Coherent, Inc. (NASDAQ: COHR) ("Coherent") today announced that the company's board of directors, in consultation with its financial and legal advisors, has unanimously determined that a revised acquisition proposal Coherent received from II-VI Incorporated (NASDAQ: IIVI) ("II-VI") constitutes a "Company Superior Proposal" under Coherent's pending merger agreement with Lumentum Holdings Inc. (NASDAQ: LITE) ("Lumentum"). Under the terms of II-VI's revised proposal, each share of Coherent common stock would be exchanged for $170.00 in cash and 1.0981 shares of II-VI common stock at the completion of the transaction. Coherent has notifed Lumentum that it intends to terminate their merger agreement unless Coherent receives a revised proposal from Lumentum by 11:59 p.m. Pacific Time on March 11, 2021 that the Coherent board determines to be at least as favorable to Coherent's stockholders from a financial point of view as II-VI's revised proposal, after taking into account all aspects of any such proposal Coherent may receive from Lumentum. Prior to making its determination regarding II-VI's revised proposal, Coherent received revised proposals from Lumentum and a revised proposal from MKS Instruments, Inc. (NASDAQ: MKSI) ("MKS"). Under the terms of one of Lumentum's revised proposals, each share of Coherent common stock would be exchanged for $175.00 in cash and 1.0109 shares of Lumentum common stock at the completion of the transaction, coupled with a significantly higher termination fee as a condition to accepting competing acquisition proposals. Under the terms of Lumentum's other revised proposal, each share of Coherent common stock would be exchanged for $170.00 in cash and 1.0109 shares of Lumentum common stock at the completion of the transaction, coupled with a meaningfully higher termination fee as a condition to accepting competing acquisition proposals. Under the terms of MKS' revised proposal, each share of Coherent common stock would be exchanged for $135.00 in cash and 0.7516 of a share of MKS common stock, subject to a collar, at the completion of the transaction. Consistent with its fiduciary duties, the Coherent board of directors conducted a thorough and rigorous review of all of the acquisition proposals it had received before making its determination regarding II-VI's revised acquisition proposal. Bank of America and Credit Suisse are serving as financial advisors to Coherent, and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal advisor. About CoherentFounded in 1966, Coherent, Inc. is a global provider of lasers and laser-based technology for scientific, commercial and industrial customers. Our common stock is listed on the Nasdaq Global Select Market and is part of the Russell 1000 and Standard & Poor's MidCap 400 Index. For more information about Coherent, visit the company's website at https://www.Coherent.com for product and financial updates. ImportantInformation and Where You Can Find ItIn connection with the proposed transaction between Coherent and Lumentum (the "Proposed Transaction"), Lumentum plans to file with the U.S. Securities and Exchange Commission (the "SEC") a registration statement on Form S-4 that will include a joint proxy statement of Coherent and Lumentum and will constitute a prospectus with respect to shares of Lumentum's common stock to be issued to Coherent's stockholders at the completion of the Proposed Transaction (the "Joint Proxy Statement/Prospectus"). Coherent and Lumentum may also file other documents with the SEC regarding the Proposed Transaction. This communication is not a substitute for the Joint Proxy Statement/Prospectus or any other document which Coherent or Lumentum may file with the SEC in connection with the Proposed Transaction. COHERENT STOCKHOLDERS ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders will be able to obtain free copies of the Joint Proxy Statement/Prospectus and other relevant documents filed with the SEC by Coherent and Lumentum in connection with the Proposed Transaction through the website maintained by the SEC at www.sec.gov. Additional information regarding the participants in the solicitation of proxies in respect of the Proposed Transaction, and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in any registration statement, prospectus, proxy statement and other relevant materials to be filed with the SEC if and when they become available. Participants in the Solicitation of Proxies in Connection with Proposed TransactionCoherent and its directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the Proposed Transaction. Information regarding Coherent's directors and executive officers, including a description of their direct and indirect interests in the Proposed Transaction, by security holdings or otherwise, will be contained in the Joint Proxy Statement/Prospectus. Coherent stockholders may obtain additional information regarding the direct and indirect interests of the participants in the solicitation of proxies in connection with the Proposed Transaction, including the direct and indirect interests of Coherent directors and executive officers in the Proposed Transaction, which may be different than those of Coherent stockholders generally, by reading the Joint Proxy Statement/Prospectus and any other relevant documents (including any registration statement, prospectus, proxy statement and other relevant materials to be filed with the SEC) that are filed or will be filed with the SEC relating to the Proposed Transaction. You may obtain free copies of these documents using the sources indicated above. No Offer or SolicitationThis document does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. If a negotiated transaction between Coherent and II-VI is entered into, Coherent and II-VI will prepare and file a registration statement that will include a proxy statement/prospectus related to the proposed transaction, the proposed transaction will be submitted to the stockholders of Coherent for their consideration, and Coherent will provide the proxy statement/prospectus to its stockholders. Coherent, and possibly II-VI, may also file other documents with the SEC regarding the proposed transaction. This document is not a substitute for any prospectus, proxy statement or any other document which Coherent or II-VI may file with the SEC in connection with such proposed transaction. If a negotiated transaction between Coherent and II-VI is entered into, investors and security holders are urged to read the proxy statement/prospectus and the other relevant materials with respect to the proposed transaction with II-VI carefully in their entirety when they become available before making any voting or investment decision with respect to the proposed transaction with II-VI because they will contain important information about the proposed transaction with II-VI. Cautionary Note Regarding Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Coherent's and its board of directors' current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in these statements. These statements include the statement that Coherent will negotiate with Lumentum, that the Coherent board will consider in good faith any changes to the Lumentum agreement that Lumentum may propose during this period and that the offer from II-VI will remain open during the pendency of negotiations between Coherent and Lumentum. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: the determinations made by Coherent's board of directors following its evaluation of the negotiations between Coherent and Lumentum; the impact of the actions of Lumentum, MKS or II-VI in response to any discussions between Coherent and one of the other companies and the potential consummation of the proposed transaction with one of such other companies; the outcome of any legal proceedings that could be instituted against Coherent or its directors related to the discussions or the proposed merger agreement with Lumentum or II-VI; changes in the proposal from MKS, II-VI or Lumentum; the occurrence of any event, change or other circumstances that could give rise to the termination of the proposed merger agreement with Lumentum; the inability to complete the proposed merger with Lumentum or II-VI due to the failure to obtain stockholder approval for the merger or the failure to satisfy other conditions to completion of the merger, including the receipt of all regulatory approvals related to the merger; the failure of the counterparty to the merger agreement with Coherent to obtain the necessary financing arrangements set forth in the debt commitment letters delivered pursuant to the proposed merger agreement with such counterparty; risks that the proposed transaction disrupts current plans and operations and potential difficulties in employee retention as a result of the proposed merger with Lumentum or II-VI; the impact of the COVID-19 pandemic and related private and public sector measures on Coherent's business and general economic conditions; risks associated with the recovery of global and regional economies from the negative effects of the COVID-19 pandemic and related private and public sector measures; unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as Coherent's and the counterparty to a merger agreement with Coherent's response to any of the aforementioned factors; geopolitical conditions, including trade and national security policies and export controls and executive orders relating thereto, and worldwide government economic policies, including trade relations between the United States and China; Coherent's ability to provide a safe working environment for members during the COVID-19 pandemic or any other public health crises, including pandemics or epidemics; the effects of local and national economic, credit and capital market conditions on the proposed transactions or on the economy in general, as well as those risks and uncertainties discussed from time to time in our other reports and other public filings with the SEC, including, but not limited to, those detailed in Coherent's Annual Report on Form 10-K for the fiscal year ended October 3, 2020 (as amended), and Coherent's Quarterly Report on Form 10-Q for the fiscal quarter ended January2, 2021. The forward-looking statements contained herein are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Investors Media Charlie Koons Jonathan Doorley / Rebecca Kral Brunswick Group Brunswick Group +1 (917) 246-1458 +1 (917) 459-0419 / +1 (917) 818-9002 SOURCE Coherent, Inc. Related Links https://www.coherent.com
|
edtsum3955
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: FORT LEE, N.J., July 30, 2020 /PRNewswire/ --Jerrick Media Holdings, Inc. (OTCQB: JMDA) (the "Company" or "Jerrick") today announced that at a recent Board Meeting, held following the Company's 2020 Annual Meeting of Shareholders, Mark Standish formally assumed the duties and responsibilities of Chairman of Jerrick's Board of Directors by unanimous vote of the board. Additionally, Mark Patterson and Laurie Weisberg officially began their tenure as independent board directors. With these three new appointments now in effect, the Company has already begun benefiting from the board's network, collective experience, and proven capacity to propel Jerrick's revenue growth and align resources to successfully execute its strategic vision. In conjunction with Mr. Standish's official assumption of the Chairman role, Leonard Schiller has formally stepped down from his previous role as Chairman, and will remain a member of Jerrick's Board of Directors. "In addition to being my longtime mentor and friend, Mark Standish brings deep expertise in financial services, strategic growth, and organizational development acquired over the course of an impressive career," said Jerrick CEO Jeremy Frommer. "Mark's leadership only further bolsters our momentum as we head into August, the month we expect to uplist." Remarked Mr. Standish: "It is a particularly exciting time to be joining Jerrick as the company embarks on its next chapter. Jerrick's success thus far is a testament to the inherent value of the Vocal technology platform and the leadership of a strong management team and board." Continued Standish, "Laurie Weisberg brings a unique connectivity and customer perspective from her extensive experience managing complex operations at companies like Intent, Curalate, and Thrive Global, where she served as Chief Revenue Officer to Arianna Huffington. She is an excellent addition to our Board." "Mark Patterson brings invaluable experience in the financial markets and portfolio management, having co-founded MatlinPatterson Global Advisors, a private equity firm in the distressed investment space, and subsequently expanding the firm's portfolio well beyond that. Both Laurie and Mark's deep industry knowledge and expertise in their respective disciplines have made them immediate assets to our board. As Chairman, I look forward to working with them, as well as with my predecessor and tenured board member Len Schiller, our newly named CFO Chelsea Pullano, and the rest of the Jerrick team." With the appointment of the new board members comes the establishment of the Company's Audit Committee (chaired by Mr. Standish), Compensation Committee (chaired by Mr. Patterson), and Nominating & Corporate Governance Committee (chaired by Ms. Weisberg). Together, these committees will work to assure investors of Jerrick's commitment to the highest possible standards of corporate governance, particularly during the process of uplisting to the Nasdaq Capital Markets. About Jerrick Jerrick Media Holdings, Inc. is the parent company and creator of the Vocal platform. The Company creates technology-based solutions to solve problems for the creative community. Through Vocal, Jerrick identifies and leverages opportunities within the digital platform and content monetization space. Since launching in 2016, Vocal has become home to over 650,000 content creators and brands of all shapes and sizes, attracting audiences across its network of wholly owned and operated communities. Jerrick: https://jerrick.media Jerrick IR: https://investors.jerrick.media Vocal Platform: https://vocal.media Investor Relations Contact: [emailprotected] SOURCE Jerrick Media Holdings, Inc. Related Links https://jerrick.media
Answer:
|
Jerrick Announces the Formal Appointment of Mark Standish as Chairman of the Board
|
FORT LEE, N.J., July 30, 2020 /PRNewswire/ --Jerrick Media Holdings, Inc. (OTCQB: JMDA) (the "Company" or "Jerrick") today announced that at a recent Board Meeting, held following the Company's 2020 Annual Meeting of Shareholders, Mark Standish formally assumed the duties and responsibilities of Chairman of Jerrick's Board of Directors by unanimous vote of the board. Additionally, Mark Patterson and Laurie Weisberg officially began their tenure as independent board directors. With these three new appointments now in effect, the Company has already begun benefiting from the board's network, collective experience, and proven capacity to propel Jerrick's revenue growth and align resources to successfully execute its strategic vision. In conjunction with Mr. Standish's official assumption of the Chairman role, Leonard Schiller has formally stepped down from his previous role as Chairman, and will remain a member of Jerrick's Board of Directors. "In addition to being my longtime mentor and friend, Mark Standish brings deep expertise in financial services, strategic growth, and organizational development acquired over the course of an impressive career," said Jerrick CEO Jeremy Frommer. "Mark's leadership only further bolsters our momentum as we head into August, the month we expect to uplist." Remarked Mr. Standish: "It is a particularly exciting time to be joining Jerrick as the company embarks on its next chapter. Jerrick's success thus far is a testament to the inherent value of the Vocal technology platform and the leadership of a strong management team and board." Continued Standish, "Laurie Weisberg brings a unique connectivity and customer perspective from her extensive experience managing complex operations at companies like Intent, Curalate, and Thrive Global, where she served as Chief Revenue Officer to Arianna Huffington. She is an excellent addition to our Board." "Mark Patterson brings invaluable experience in the financial markets and portfolio management, having co-founded MatlinPatterson Global Advisors, a private equity firm in the distressed investment space, and subsequently expanding the firm's portfolio well beyond that. Both Laurie and Mark's deep industry knowledge and expertise in their respective disciplines have made them immediate assets to our board. As Chairman, I look forward to working with them, as well as with my predecessor and tenured board member Len Schiller, our newly named CFO Chelsea Pullano, and the rest of the Jerrick team." With the appointment of the new board members comes the establishment of the Company's Audit Committee (chaired by Mr. Standish), Compensation Committee (chaired by Mr. Patterson), and Nominating & Corporate Governance Committee (chaired by Ms. Weisberg). Together, these committees will work to assure investors of Jerrick's commitment to the highest possible standards of corporate governance, particularly during the process of uplisting to the Nasdaq Capital Markets. About Jerrick Jerrick Media Holdings, Inc. is the parent company and creator of the Vocal platform. The Company creates technology-based solutions to solve problems for the creative community. Through Vocal, Jerrick identifies and leverages opportunities within the digital platform and content monetization space. Since launching in 2016, Vocal has become home to over 650,000 content creators and brands of all shapes and sizes, attracting audiences across its network of wholly owned and operated communities. Jerrick: https://jerrick.media Jerrick IR: https://investors.jerrick.media Vocal Platform: https://vocal.media Investor Relations Contact: [emailprotected] SOURCE Jerrick Media Holdings, Inc. Related Links https://jerrick.media
|
edtsum3959
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: CHICAGO, April 8, 2021 /PRNewswire/ -- Cat Matter, creators of innovative and unique cat furniture, is thrilled to announce the launch of its newly redesigned Cat Case Combination Cat Tower and Bookcase. The launch will take place on National Pet Day (Sunday, April 11, 2021). Customers who place orders on launch day will enjoy free shipping. Continue Reading Cat Matter Jeff Faye, the founder of Cat Matter, explained the original Cat Case launched on Kickstarter in 2017. Designed as an alternative to unsightly shag carpet cat towers, the Cat Case looks to the casual observer like a modern, attractive, Scandinavian-inspired bookcase. But cleverly hidden inside are numerous places for feline friends to hide, scratch, climb, and nap. "The Cat Case helps cat owners keep their pets happy and healthy without ruining their dcor," Faye said. "It offers all the stimulation and healthy movement cats require for wellbeing, tucked away in a tasteful piece of furniture cat owners will actually enjoy looking at." Faye added that when the Kickstarter campaign quickly exceeded its fundraising goal, it confirmed his belief cat owners were tired of ugly cat furniture. But never one to rest on his laurels, he immediately set to work on improvements that don't compromise the modular, stackable design that made the original Cat Case a success.Improvements include: Lighter weight Easier assembly Replaceable carpeted scratching surfaces Stainless steel hardware in fun, cat-themed shapes Three attractive new finishes Havana Brown (walnut) Tabby (hand-rubbed birch) Rag Doll (oak) "Customers love the original, but we're always challenging ourselves to improve our products in meaningful ways," Faye said. "After lots of hard work, we're confident version two offers even more to love."To learn more: Cat Matter website: catmatter.com Cat Case product page: catmatter.com/products/cat-case?variant=12467883278359 For samples and questions: [emailprotected] Cat Matter designs and builds unique, attractive, and innovative cat furniture products designed to please cat and cat owners alike. Built in Chicago, they feature premium materials and quality construction for years of enjoyment.For more information, visit catmatter.com. Media Contact: Jeff Faye 773-562-0243 [emailprotected] www.catmatter.com SOURCE Cat Matter Related Links https://www.catmatter.com/
Answer:
|
Cat Matter Celebrates National Pet Day with Launch of an All New Cat Case Customers Who Order on National Pet Day will Receive Free Shipping
|
CHICAGO, April 8, 2021 /PRNewswire/ -- Cat Matter, creators of innovative and unique cat furniture, is thrilled to announce the launch of its newly redesigned Cat Case Combination Cat Tower and Bookcase. The launch will take place on National Pet Day (Sunday, April 11, 2021). Customers who place orders on launch day will enjoy free shipping. Continue Reading Cat Matter Jeff Faye, the founder of Cat Matter, explained the original Cat Case launched on Kickstarter in 2017. Designed as an alternative to unsightly shag carpet cat towers, the Cat Case looks to the casual observer like a modern, attractive, Scandinavian-inspired bookcase. But cleverly hidden inside are numerous places for feline friends to hide, scratch, climb, and nap. "The Cat Case helps cat owners keep their pets happy and healthy without ruining their dcor," Faye said. "It offers all the stimulation and healthy movement cats require for wellbeing, tucked away in a tasteful piece of furniture cat owners will actually enjoy looking at." Faye added that when the Kickstarter campaign quickly exceeded its fundraising goal, it confirmed his belief cat owners were tired of ugly cat furniture. But never one to rest on his laurels, he immediately set to work on improvements that don't compromise the modular, stackable design that made the original Cat Case a success.Improvements include: Lighter weight Easier assembly Replaceable carpeted scratching surfaces Stainless steel hardware in fun, cat-themed shapes Three attractive new finishes Havana Brown (walnut) Tabby (hand-rubbed birch) Rag Doll (oak) "Customers love the original, but we're always challenging ourselves to improve our products in meaningful ways," Faye said. "After lots of hard work, we're confident version two offers even more to love."To learn more: Cat Matter website: catmatter.com Cat Case product page: catmatter.com/products/cat-case?variant=12467883278359 For samples and questions: [emailprotected] Cat Matter designs and builds unique, attractive, and innovative cat furniture products designed to please cat and cat owners alike. Built in Chicago, they feature premium materials and quality construction for years of enjoyment.For more information, visit catmatter.com. Media Contact: Jeff Faye 773-562-0243 [emailprotected] www.catmatter.com SOURCE Cat Matter Related Links https://www.catmatter.com/
|
edtsum3963
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: TORONTO, Feb. 11, 2021 /PRNewswire/ - The Green Organic Dutchman Holdings Ltd. ("TGOD") or the "Company") (TSX: TGOD) (US: TGODF), a leading producer of premium certified organically grown cannabis, provides the following comment regarding claims of an offer to acquire HemPoland: "There is growing interest in the European CBD market, and several companies have demonstrated interest in acquiring HemPoland as a way of increasing their value and entering this burgeoning market. TGOD receives enquiries and offers about HemPoland on a regular basis, including recently from Labocanna SA. With the hemp industry continuing to expand at a rapid pace, especially in Poland, such situations can and will happen. TGOD has not accepted any of the offers it has received to date, which have not demonstrated the appropriate value of the Company." About The Green Organic Dutchman Holdings Ltd.The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) (USOTC: TGODF) is a premium certified organically grown cannabis company focused on the health and wellness market. Its organic cannabis is cultivated in living soil, as nature intended. The Company is committed to cultivating a better tomorrow by producing its products responsibly, with less waste and impact on the environment. Its two Canadian facilities have been built to LEED certification standards and its products are sold in recyclable packaging. InCanada, TGOD sells dried flower and oil, and recently launched a series of nextgeneration cannabis products such as hash, vapes, organic teas and dissolvable powders. Through its European subsidiary, HemPoland, the Company also distributes premium hemp CBD oil and CBD-infused topicals inEurope. By leveraging science and technology, TGOD harnesses the power of nature from seed to sale. TGOD's Common Shares and warrants issued under the indentures datedNovember 1, 2017, December 19, 2019, June 12, 2020, October 23, 2020, and December 10, 2020 trade on the TSX under the symbol "TGOD", "TGOD.WT", "TGOD.WS", "TGOD.WR", "TGOD.WA" and "TGOD.WB", respectively, and TGODF trades in the US on the OTCQX. For more information on The Green Organic Dutchman Holdings Ltd., please visitwww.tgod.ca. Cautionary StatementsThis news release includes statements containing certain "forwardlooking information" within the meaning of applicable securities law ("forwardlooking statements"). Forward looking statements in this release include, but are not limited to, statements about the interest in the European CBD market and statements about the future demand Hemp and CBD products in Europe. Forwardlooking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "should", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forwardlooking statements throughout this news release. Forwardlooking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties (including market conditions) and other factors that could cause actual events or results to differ materially from those projected in the forwardlooking statements, including those risk factors described in the Company's most recently filed Annual Information Form available on SEDAR. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forwardlooking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. Neither the TSX nor the TSX's Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accept responsibility for the adequacy or accuracy of this release. SOURCE The Green Organic Dutchman Holdings Ltd. Related Links www.tgod.ca
Answer:
|
The Green Organic Dutchman Holdings Ltd. Provides Statement Regarding its Wholly Owned Subsidiary HemPoland
|
TORONTO, Feb. 11, 2021 /PRNewswire/ - The Green Organic Dutchman Holdings Ltd. ("TGOD") or the "Company") (TSX: TGOD) (US: TGODF), a leading producer of premium certified organically grown cannabis, provides the following comment regarding claims of an offer to acquire HemPoland: "There is growing interest in the European CBD market, and several companies have demonstrated interest in acquiring HemPoland as a way of increasing their value and entering this burgeoning market. TGOD receives enquiries and offers about HemPoland on a regular basis, including recently from Labocanna SA. With the hemp industry continuing to expand at a rapid pace, especially in Poland, such situations can and will happen. TGOD has not accepted any of the offers it has received to date, which have not demonstrated the appropriate value of the Company." About The Green Organic Dutchman Holdings Ltd.The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) (USOTC: TGODF) is a premium certified organically grown cannabis company focused on the health and wellness market. Its organic cannabis is cultivated in living soil, as nature intended. The Company is committed to cultivating a better tomorrow by producing its products responsibly, with less waste and impact on the environment. Its two Canadian facilities have been built to LEED certification standards and its products are sold in recyclable packaging. InCanada, TGOD sells dried flower and oil, and recently launched a series of nextgeneration cannabis products such as hash, vapes, organic teas and dissolvable powders. Through its European subsidiary, HemPoland, the Company also distributes premium hemp CBD oil and CBD-infused topicals inEurope. By leveraging science and technology, TGOD harnesses the power of nature from seed to sale. TGOD's Common Shares and warrants issued under the indentures datedNovember 1, 2017, December 19, 2019, June 12, 2020, October 23, 2020, and December 10, 2020 trade on the TSX under the symbol "TGOD", "TGOD.WT", "TGOD.WS", "TGOD.WR", "TGOD.WA" and "TGOD.WB", respectively, and TGODF trades in the US on the OTCQX. For more information on The Green Organic Dutchman Holdings Ltd., please visitwww.tgod.ca. Cautionary StatementsThis news release includes statements containing certain "forwardlooking information" within the meaning of applicable securities law ("forwardlooking statements"). Forward looking statements in this release include, but are not limited to, statements about the interest in the European CBD market and statements about the future demand Hemp and CBD products in Europe. Forwardlooking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "should", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forwardlooking statements throughout this news release. Forwardlooking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties (including market conditions) and other factors that could cause actual events or results to differ materially from those projected in the forwardlooking statements, including those risk factors described in the Company's most recently filed Annual Information Form available on SEDAR. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forwardlooking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. Neither the TSX nor the TSX's Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accept responsibility for the adequacy or accuracy of this release. SOURCE The Green Organic Dutchman Holdings Ltd. Related Links www.tgod.ca
|
edtsum3964
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LYON, France--(BUSINESS WIRE)--Regulatory News: CLASQUIN (Paris:ALCLA): FINANCIAL STATEMENTS APPROVED BY THE BOARD OF DIRECTORS ON 23 MARCH 2021 The Statutory Auditors have completed their audit procedures on these accounts and the report relating to the certification of the consolidated financial statements will be issued when the annual report is published. 2020 2019 2020/ 2019 2020 (excl. IFRS 16) 2019 (excl. IFRS 16) 2020/ 2019 (excl. IFRS 16) Number of shipments 251,561 273,875 -8.1% 251,561 273,875 -8.1% Sales (m)* 392.0 331.3 +18.3% 392.0 331.3 +18.3% Gross profit (m) 76.2 76.7 -0.7% 76.2 76.7 -0.7% EBITDA (m) 16.7 13.9 +20.3% 13.8 11.0 +24.8% % GP 21.9% 18.1% 18.1% 14.4% Current operating income (m) 9.5 8.6 +10.4% 9.5 8.5 +11.8% % GP 12.5% 11.2% 12.5% 11.1% Consolidated net profit (m) 5.4 4.5 +21.7% 5.4 4.5 +20.8% Net profit Group share (m) 5.1 3.9 +32.3% 5.1 3.9 +31.2% * Note: Sales is not a relevant indicator of business in our sector, as it is greatly impacted by changing air and sea freight rates, fuel surcharges, exchange rates (particularly versus USD), etc. Changes in the number of shipments, volumes shipped and, in financial terms, gross profit are relevant indicators. 2020 HIGHLIGHTS Management of the health crisis impact: A highly disrupted market: The Group implemented measures focused on four areas: Exceptional commitment by teams to serve clients: Launch of Live by CLASQUIN, the Groups digital platform based on a hub of reliable and predictive data accessible in real time. Successful integration of Cargolution (Canadian company acquired on 01/10/2019): Increasing manager share ownership: ANNUAL BUSINESS VOLUMES AND EARNINGS In 2020, international trade was down 9-10% in volume, with sea freight down 4-5% and air freight down 14%. In a deep recession, the Group managed to maintain its gross profit at a level equivalent to that of 2019 through: * at constant exchange rates EBITDA (excluding the IFRS 16 impact) was up 24.8% at 13.8 million thanks to a 3.3 million reduction in operating expenses at current scope and a 6 million reduction at constant scope (excluding nine months of Cargolution). These cost reductions were achieved through the implementation of: Current operating income (excluding the IFRS 16 impact) was up 11.8% at 9.5 million and the conversion ratio (current operating income/GP) was 12.5%. Net profit Group share (excluding the IFRS 16 impact) surged by 31.2% to 5.1 million due to: FINANCIAL POSITION The financial position is sound and improving steadily: 2020 2019 Gross operating cash flow (m) 15.1 13.3 % of gross profit 19.8% 17.3% Shareholders equity (m) 30.9 26.8 Net debt (m) 31.6 28.2 Leverage (net debt/EBITDA) 1.9 2.0 Shareholders equity (excl. IFRS 16) (m) 31.1 27.0 Net debt (excl. IFRS 16) (m) 22.6 18.6 Leverage (excl. IFRS 16) 1.6 1.7 PAYMENT OF DIVIDENDS On 23 March 2021, the Board of Directors decided to propose a dividend of 1.30 per share to the 9 June 2021 Combined Annual General Meeting. 2021 OUTLOOK Market International trade estimates (by volume): +8% Sea freight market estimates (by volume): +5% Air freight market estimates (by volume): +7% CLASQUIN Outperform market growth UPCOMING EVENTS (publication after-market closure) Thursday 29 April 2021: Q1 2021 business report Wednesday 1 September 2021: Q2 2021 business report Wednesday 22 September 2021: H1 2021 results Thursday 28 October 2021: Q3 2021 business report CLASQUIN is an air and sea freight forwarding and overseas logistics specialist. The Group designs and manages the entire overseas transport and logistics chain, organizing and coordinating the flow of client shipments between France and the rest of the world and, more specifically, to and from Asia-Pacific, North America, North Africa and sub-Saharan Africa. Its shares are listed on EURONEXT GROWTH, ISIN FR0004152882, Reuters ALCLA.PA, Bloomberg ALCLA FP. Read more at www.clasquin.com. CLASQUIN confirms its eligibility for the share savings plan for MSCs (medium-sized companies) in accordance with Article D221-113-5 of the French Monetary and Financial Code established by decree number 2014-283 of 4 March 2014 and with Article L221-32-2 of the French Monetary and Financial Code, which set the conditions for eligibility (less than 5,000 employees and annual sales of less than 1,500m or balance sheet total of less than 2,000m). CLASQUIN is listed on the Enternext PEA-PME 150 index. LEI: 9695004FF6FA43KC4764
Answer:
|
CLASQUIN: 2020 Outstanding performance amid a chaotic environment
|
LYON, France--(BUSINESS WIRE)--Regulatory News: CLASQUIN (Paris:ALCLA): FINANCIAL STATEMENTS APPROVED BY THE BOARD OF DIRECTORS ON 23 MARCH 2021 The Statutory Auditors have completed their audit procedures on these accounts and the report relating to the certification of the consolidated financial statements will be issued when the annual report is published. 2020 2019 2020/ 2019 2020 (excl. IFRS 16) 2019 (excl. IFRS 16) 2020/ 2019 (excl. IFRS 16) Number of shipments 251,561 273,875 -8.1% 251,561 273,875 -8.1% Sales (m)* 392.0 331.3 +18.3% 392.0 331.3 +18.3% Gross profit (m) 76.2 76.7 -0.7% 76.2 76.7 -0.7% EBITDA (m) 16.7 13.9 +20.3% 13.8 11.0 +24.8% % GP 21.9% 18.1% 18.1% 14.4% Current operating income (m) 9.5 8.6 +10.4% 9.5 8.5 +11.8% % GP 12.5% 11.2% 12.5% 11.1% Consolidated net profit (m) 5.4 4.5 +21.7% 5.4 4.5 +20.8% Net profit Group share (m) 5.1 3.9 +32.3% 5.1 3.9 +31.2% * Note: Sales is not a relevant indicator of business in our sector, as it is greatly impacted by changing air and sea freight rates, fuel surcharges, exchange rates (particularly versus USD), etc. Changes in the number of shipments, volumes shipped and, in financial terms, gross profit are relevant indicators. 2020 HIGHLIGHTS Management of the health crisis impact: A highly disrupted market: The Group implemented measures focused on four areas: Exceptional commitment by teams to serve clients: Launch of Live by CLASQUIN, the Groups digital platform based on a hub of reliable and predictive data accessible in real time. Successful integration of Cargolution (Canadian company acquired on 01/10/2019): Increasing manager share ownership: ANNUAL BUSINESS VOLUMES AND EARNINGS In 2020, international trade was down 9-10% in volume, with sea freight down 4-5% and air freight down 14%. In a deep recession, the Group managed to maintain its gross profit at a level equivalent to that of 2019 through: * at constant exchange rates EBITDA (excluding the IFRS 16 impact) was up 24.8% at 13.8 million thanks to a 3.3 million reduction in operating expenses at current scope and a 6 million reduction at constant scope (excluding nine months of Cargolution). These cost reductions were achieved through the implementation of: Current operating income (excluding the IFRS 16 impact) was up 11.8% at 9.5 million and the conversion ratio (current operating income/GP) was 12.5%. Net profit Group share (excluding the IFRS 16 impact) surged by 31.2% to 5.1 million due to: FINANCIAL POSITION The financial position is sound and improving steadily: 2020 2019 Gross operating cash flow (m) 15.1 13.3 % of gross profit 19.8% 17.3% Shareholders equity (m) 30.9 26.8 Net debt (m) 31.6 28.2 Leverage (net debt/EBITDA) 1.9 2.0 Shareholders equity (excl. IFRS 16) (m) 31.1 27.0 Net debt (excl. IFRS 16) (m) 22.6 18.6 Leverage (excl. IFRS 16) 1.6 1.7 PAYMENT OF DIVIDENDS On 23 March 2021, the Board of Directors decided to propose a dividend of 1.30 per share to the 9 June 2021 Combined Annual General Meeting. 2021 OUTLOOK Market International trade estimates (by volume): +8% Sea freight market estimates (by volume): +5% Air freight market estimates (by volume): +7% CLASQUIN Outperform market growth UPCOMING EVENTS (publication after-market closure) Thursday 29 April 2021: Q1 2021 business report Wednesday 1 September 2021: Q2 2021 business report Wednesday 22 September 2021: H1 2021 results Thursday 28 October 2021: Q3 2021 business report CLASQUIN is an air and sea freight forwarding and overseas logistics specialist. The Group designs and manages the entire overseas transport and logistics chain, organizing and coordinating the flow of client shipments between France and the rest of the world and, more specifically, to and from Asia-Pacific, North America, North Africa and sub-Saharan Africa. Its shares are listed on EURONEXT GROWTH, ISIN FR0004152882, Reuters ALCLA.PA, Bloomberg ALCLA FP. Read more at www.clasquin.com. CLASQUIN confirms its eligibility for the share savings plan for MSCs (medium-sized companies) in accordance with Article D221-113-5 of the French Monetary and Financial Code established by decree number 2014-283 of 4 March 2014 and with Article L221-32-2 of the French Monetary and Financial Code, which set the conditions for eligibility (less than 5,000 employees and annual sales of less than 1,500m or balance sheet total of less than 2,000m). CLASQUIN is listed on the Enternext PEA-PME 150 index. LEI: 9695004FF6FA43KC4764
|
edtsum3968
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SHENZHEN, China, Feb. 5, 2021 /PRNewswire/ -- WeBank named in Gartner's report "The China Blockchain Service Network: A New Digital Infrastructure to Accelerate and Challenge Digital Commerce Globally"1in 2020. According to Gartner1, "The China blockchain service network (BSN) is a technical infrastructure designed to support and enable the majority of blockchain applications in the Chinese market and provide the backbone infrastructure for commercial activity. It can be regarded as a new internet protocol to facilitate trusted data, value and asset sharing between computer nodes.Gartner believes that from a policy objective, the BSN aims, in particular, to accelerate smart city developments including activities involving Internet of Things (IoT), artificial intelligence (AI), payments, government processes and the digital silk road initiative." As in 2019, together with Hyperledger Fabric, WeBank's consortium blockchain platform FISCO BCOS has joined the BSN as the only two officially certified licensing frameworks. The adaption of FISCO BCOS on BSN was completed in April 2020. Currently, many projects within the FISCO BCOS ecosystem are selected for BSN's official designated applications. Gartner also identified WeBank as a sample vendor in terms of blockchain in government in the Hype Cycle for Smart City and Sustainability in China, 20202. In 2020, WeBank applied its open-source blockchain technologies to on application scenarios, such as "The Green Mobility Inclusive Platform." It aims to effectively promote the trusted data circulation and integration of public welfare data, helping to enhance the efficiency of industry-wide collaboration. Also, responding to the global challenge of COVID-19, WeBank has actively fulfilled its social responsibilities. With its open source blockchain technology, WeBank supported the mutual recognition of cross-border blockchain health code between Guangdong and Macau. By the end of December 2020, the health code system has supported 300,000 daily customs clearances and a cumulative total of 38 million customs clearances, which greatly helped the resumption of work and production during the pandemic. Source: 1. Gartner, The China Blockchain Service Network: A New Digital Infrastructure to Accelerate and Challenge Digital Commerce Globally, by David Furlonger, 31 August 2020 2. Gartner, Hype Cycle for Smart City and Sustainability in China, 2020, by Milly Xiang, Uko Tian, Kevin Ji, 31 July 2020 Gartner does not endorse any vendor, product or service depicted in its 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. SOURCE WeBank Co Ltd
Answer:
|
WeBank Named in Gartner "The China Blockchain Service Network: A New Digital Infrastructure to Accelerate and Challenge Digital Commerce Globally"
|
SHENZHEN, China, Feb. 5, 2021 /PRNewswire/ -- WeBank named in Gartner's report "The China Blockchain Service Network: A New Digital Infrastructure to Accelerate and Challenge Digital Commerce Globally"1in 2020. According to Gartner1, "The China blockchain service network (BSN) is a technical infrastructure designed to support and enable the majority of blockchain applications in the Chinese market and provide the backbone infrastructure for commercial activity. It can be regarded as a new internet protocol to facilitate trusted data, value and asset sharing between computer nodes.Gartner believes that from a policy objective, the BSN aims, in particular, to accelerate smart city developments including activities involving Internet of Things (IoT), artificial intelligence (AI), payments, government processes and the digital silk road initiative." As in 2019, together with Hyperledger Fabric, WeBank's consortium blockchain platform FISCO BCOS has joined the BSN as the only two officially certified licensing frameworks. The adaption of FISCO BCOS on BSN was completed in April 2020. Currently, many projects within the FISCO BCOS ecosystem are selected for BSN's official designated applications. Gartner also identified WeBank as a sample vendor in terms of blockchain in government in the Hype Cycle for Smart City and Sustainability in China, 20202. In 2020, WeBank applied its open-source blockchain technologies to on application scenarios, such as "The Green Mobility Inclusive Platform." It aims to effectively promote the trusted data circulation and integration of public welfare data, helping to enhance the efficiency of industry-wide collaboration. Also, responding to the global challenge of COVID-19, WeBank has actively fulfilled its social responsibilities. With its open source blockchain technology, WeBank supported the mutual recognition of cross-border blockchain health code between Guangdong and Macau. By the end of December 2020, the health code system has supported 300,000 daily customs clearances and a cumulative total of 38 million customs clearances, which greatly helped the resumption of work and production during the pandemic. Source: 1. Gartner, The China Blockchain Service Network: A New Digital Infrastructure to Accelerate and Challenge Digital Commerce Globally, by David Furlonger, 31 August 2020 2. Gartner, Hype Cycle for Smart City and Sustainability in China, 2020, by Milly Xiang, Uko Tian, Kevin Ji, 31 July 2020 Gartner does not endorse any vendor, product or service depicted in its 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. SOURCE WeBank Co Ltd
|
edtsum3971
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: ARLINGTON, Va., March 17, 2020 /PRNewswire/ --Consulting Magazine has selected Jordan Henry as a 2020 Rising Star of the Profession. Jordan is recognized for his leadership in driving Eagle Hill's rapid expansion, including launching and growing Eagle Hill's Seattle office. Consulting's Rising Stars of the Profession: 35 Under 35 Award marks the best, the brightest and the youngest leaders for their accomplishments, impact and individualism. Jordan and his fellow winners are redefining traditional rules and helping to make the consulting practice stronger than ever. Read Jordan's award profile here. "Jordan is one-of-a-kind," says Melissa Jezior, Eagle Hill's president and chief executive officer. "He has grit, hustle and a collaborative attitude. Jordan's 'start-up' work ethic and entrepreneurial acumen are inspiring to me and his colleagues," she said. "What also is important is that Jordan is the perfect mix of a hard-charging executive and a caring co-worker. Several years ago, he approached me with a comprehensive business plan to expand Eagle Hill's footprint to Seattle. Fast-forward to 2020 and Jordan has firmly established our Seattle practice, bringing in Fortune 500 companies, government and non-profits organizations. His drive has given Eagle Hill a formidable presence with a strong reputation in a major market. At the same time, his people skills have enabled him to build an office culture that equally values employee and client satisfaction," Jezior said. Jordan joined Eagle Hill Consulting in 2012 as a junior consultant and quickly ascended through the ranks, joining the leadership team in 2018. His teams consistently have tremendous impact, resulting in a 100 percent client satisfaction rating. For example, his Seattle team has: Supported a large technology company in its launch of a new competency framework for 60,000+ employees, becoming "a trusted partner, working through ambiguity with ease." Designed and executed change management strategies to support a local government technology implementation, helping hundreds of users adopt the new system with confidence. Eagle Hill Consulting LLCis a woman-owned business that provides unconventional management consulting services in the areas of Strategy & Performance, Talent, and Change. The company's expertise in delivering innovative solutions to unique challenges spans across the private, public, and nonprofit sectors, from financial services to healthcare to media & entertainment. Eagle Hill has offices in the Washington, D.C. metropolitan area, Boston, MA and Seattle, WA. More information is available at www.eaglehillconsulting.com. SOURCE Eagle Hill Consulting Related Links http://www.eaglehillconsulting.com
Answer:
|
Jordan Henry, Head of Eagle Hill's Seattle Office, Named A Rising Star by Consulting Magazine
|
ARLINGTON, Va., March 17, 2020 /PRNewswire/ --Consulting Magazine has selected Jordan Henry as a 2020 Rising Star of the Profession. Jordan is recognized for his leadership in driving Eagle Hill's rapid expansion, including launching and growing Eagle Hill's Seattle office. Consulting's Rising Stars of the Profession: 35 Under 35 Award marks the best, the brightest and the youngest leaders for their accomplishments, impact and individualism. Jordan and his fellow winners are redefining traditional rules and helping to make the consulting practice stronger than ever. Read Jordan's award profile here. "Jordan is one-of-a-kind," says Melissa Jezior, Eagle Hill's president and chief executive officer. "He has grit, hustle and a collaborative attitude. Jordan's 'start-up' work ethic and entrepreneurial acumen are inspiring to me and his colleagues," she said. "What also is important is that Jordan is the perfect mix of a hard-charging executive and a caring co-worker. Several years ago, he approached me with a comprehensive business plan to expand Eagle Hill's footprint to Seattle. Fast-forward to 2020 and Jordan has firmly established our Seattle practice, bringing in Fortune 500 companies, government and non-profits organizations. His drive has given Eagle Hill a formidable presence with a strong reputation in a major market. At the same time, his people skills have enabled him to build an office culture that equally values employee and client satisfaction," Jezior said. Jordan joined Eagle Hill Consulting in 2012 as a junior consultant and quickly ascended through the ranks, joining the leadership team in 2018. His teams consistently have tremendous impact, resulting in a 100 percent client satisfaction rating. For example, his Seattle team has: Supported a large technology company in its launch of a new competency framework for 60,000+ employees, becoming "a trusted partner, working through ambiguity with ease." Designed and executed change management strategies to support a local government technology implementation, helping hundreds of users adopt the new system with confidence. Eagle Hill Consulting LLCis a woman-owned business that provides unconventional management consulting services in the areas of Strategy & Performance, Talent, and Change. The company's expertise in delivering innovative solutions to unique challenges spans across the private, public, and nonprofit sectors, from financial services to healthcare to media & entertainment. Eagle Hill has offices in the Washington, D.C. metropolitan area, Boston, MA and Seattle, WA. More information is available at www.eaglehillconsulting.com. SOURCE Eagle Hill Consulting Related Links http://www.eaglehillconsulting.com
|
edtsum3973
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: KENNEBUNK, Maine, April 13, 2020 /PRNewswire/ -- Across the country, Americans are adopting new routines to do their part to help keep communities safe. While staying at home and apart from one another, it can be challenging to forgo the activities that bring us relaxation and peace of mind such as enjoying nature. However, even when staying indoors, we can still experience the calming power of nature and support local businesses that are dedicated to helping us feel more connected, mindful and healthy. Through its #NatureNurtures program, Tom's of Maine is sponsoring 50 small businesses across the country to bring the healing power of the outdoors, indoors, with daily video experiences set in nature. Each day, the Tom's of Maine Instagram features a new #NatureNurtures experience hosted by a local yoga teacher, wellness expert or nature guide to help foster a connection with nature, encourage healthy routines at home, and provide healing at a time when its needed most. "With many small businesses across the country impacted by COVID-19, we wanted to spotlight the local wellness experts and nature guides that can help rejuvenate us during this uncertain time," said Rob Robinson, brand and goodness leader at Tom's of Maine. "As a company founded by wellness entrepreneurs, we have a longstanding commitment to supporting small businesses and nonprofits that help protect nature and aid people in need. We believe in the healing power of nature and at a timewhen we most need to venture outside, connect and heal, we think these daily wellness experiences that bring the outdoors inside can have a positive impact." The ongoing series is funded entirely by Tom's of Maine, including a $50,000 commitment to support the 50 local experts in each of the 50 states. Some of the #NatureNurtures experiences include: Vinyasa Yoga with The Portland Yoga Project (Maine) Guided Mediation Session by New Stress Relief (California) Goat Yoga with Lively Balance Wellness (Idaho) Mommy & Me Fitness Class with Born Well (Pennsylvania) Bird Watching with IndiGo Birding Nature Tours (Indiana) Tom's of Maine is encouraging the public to join the #NatureNurtures program by nominating a favorite local wellness business and they may be featured next. #NatureNurtures is just one example of how Tom's of Maine is providing support during this uncertain time. To help aid the healthcare professionals on the front lines, Tom's of Maine has donated $60,000 and nearly $500,000 worth of natural personal care products to Direct Relief, a humanitarian organization providing protective gear and supplies to communities hardest hit by COVID-19. For 50 years, Tom's of Maine has been committed to making a positive impact and gives 10% of its profits back to support nonprofit organizations that help those in need. To learn more about Tom's of Maine and how the company supports healthy families and the planet, visit www.TomsofMaine.com. About Tom's of Maine Tom's ofMaine has been making safe, effective natural personal care products for 50 years.It all began whenTom andKate Chappellmoved toMainein 1968 looking for a healthier, simpler life for their growing family. And when they couldn't find personal care products that were free from artificial flavors, fragrances, sweeteners, colors and preservatives, they decided to make their own. Tom's ofMaineproducts including toothpaste, deodorant, mouthwash, antiperspirant, bar soap, body wash, dental floss, and toothbrushes are made from naturally sourced and naturally derived ingredients and never tested on animals. A Certified B Corporation, Tom's of Maine is committed to upholding a purpose-driven business and has a long-standing commitment to supporting nature and healthy families. Tom's ofMainehas supported hundreds of nonprofits by giving back 10% of its profits, and employees are encouraged to use 5% of their paid time (12 days) volunteering for causes they are passionate about. Most Tom's ofMaineproducts are vegan, kosher, halal-certified and gluten-free. All packaging is recyclable through a partnership with upcycling leader TerraCycle or participating municipalities.Visit us online athttp://www.tomsofmaine.com/or athttp://www.facebook.com/TomsofMaine. SOURCE Tom's of Maine Related Links http://www.tomsofmaine.com
Answer:
|
Tom's of Maine Sponsors Small Wellness Businesses During Coronavirus Crisis Series of Videos Funded by the Natural Care Leader Brings the Healing Power of Nature Indoors
|
KENNEBUNK, Maine, April 13, 2020 /PRNewswire/ -- Across the country, Americans are adopting new routines to do their part to help keep communities safe. While staying at home and apart from one another, it can be challenging to forgo the activities that bring us relaxation and peace of mind such as enjoying nature. However, even when staying indoors, we can still experience the calming power of nature and support local businesses that are dedicated to helping us feel more connected, mindful and healthy. Through its #NatureNurtures program, Tom's of Maine is sponsoring 50 small businesses across the country to bring the healing power of the outdoors, indoors, with daily video experiences set in nature. Each day, the Tom's of Maine Instagram features a new #NatureNurtures experience hosted by a local yoga teacher, wellness expert or nature guide to help foster a connection with nature, encourage healthy routines at home, and provide healing at a time when its needed most. "With many small businesses across the country impacted by COVID-19, we wanted to spotlight the local wellness experts and nature guides that can help rejuvenate us during this uncertain time," said Rob Robinson, brand and goodness leader at Tom's of Maine. "As a company founded by wellness entrepreneurs, we have a longstanding commitment to supporting small businesses and nonprofits that help protect nature and aid people in need. We believe in the healing power of nature and at a timewhen we most need to venture outside, connect and heal, we think these daily wellness experiences that bring the outdoors inside can have a positive impact." The ongoing series is funded entirely by Tom's of Maine, including a $50,000 commitment to support the 50 local experts in each of the 50 states. Some of the #NatureNurtures experiences include: Vinyasa Yoga with The Portland Yoga Project (Maine) Guided Mediation Session by New Stress Relief (California) Goat Yoga with Lively Balance Wellness (Idaho) Mommy & Me Fitness Class with Born Well (Pennsylvania) Bird Watching with IndiGo Birding Nature Tours (Indiana) Tom's of Maine is encouraging the public to join the #NatureNurtures program by nominating a favorite local wellness business and they may be featured next. #NatureNurtures is just one example of how Tom's of Maine is providing support during this uncertain time. To help aid the healthcare professionals on the front lines, Tom's of Maine has donated $60,000 and nearly $500,000 worth of natural personal care products to Direct Relief, a humanitarian organization providing protective gear and supplies to communities hardest hit by COVID-19. For 50 years, Tom's of Maine has been committed to making a positive impact and gives 10% of its profits back to support nonprofit organizations that help those in need. To learn more about Tom's of Maine and how the company supports healthy families and the planet, visit www.TomsofMaine.com. About Tom's of Maine Tom's ofMaine has been making safe, effective natural personal care products for 50 years.It all began whenTom andKate Chappellmoved toMainein 1968 looking for a healthier, simpler life for their growing family. And when they couldn't find personal care products that were free from artificial flavors, fragrances, sweeteners, colors and preservatives, they decided to make their own. Tom's ofMaineproducts including toothpaste, deodorant, mouthwash, antiperspirant, bar soap, body wash, dental floss, and toothbrushes are made from naturally sourced and naturally derived ingredients and never tested on animals. A Certified B Corporation, Tom's of Maine is committed to upholding a purpose-driven business and has a long-standing commitment to supporting nature and healthy families. Tom's ofMainehas supported hundreds of nonprofits by giving back 10% of its profits, and employees are encouraged to use 5% of their paid time (12 days) volunteering for causes they are passionate about. Most Tom's ofMaineproducts are vegan, kosher, halal-certified and gluten-free. All packaging is recyclable through a partnership with upcycling leader TerraCycle or participating municipalities.Visit us online athttp://www.tomsofmaine.com/or athttp://www.facebook.com/TomsofMaine. SOURCE Tom's of Maine Related Links http://www.tomsofmaine.com
|
edtsum3974
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BOSTON--(BUSINESS WIRE)--Heres our review of the best early LEGO deals for Black Friday, together with all the top deals on LEGO Star Wars, Harry Potter, Minecraft, Marvels Avengers and more building sets. Find the latest deals by clicking the links listed below. Best LEGO Deals: Looking for more deals? Click here to access the entire range of active deals at Walmarts Black Friday Deals for Days sale and click here to shop Amazons current holiday deals. Retail Egg earns commissions from purchases made using the links provided. LEGO is an iconic toy that has fans from different generations. Harry Potter and Star Wars building sets based on the films are especially popular even among adults. The LEGO BOOST allows people to build models with sensors and motors through simple code and so are recommended for advanced learning. There are video games to enjoy with friends too, namely Lego Dimensions which is available for different gaming consoles. About Retail Egg: Retail Egg shares e-commerce deals news. As an Amazon Associate and affiliate Retail Egg earns from qualifying purchases.
Answer:
|
Black Friday LEGO Deals (2020): Early Star Wars, Boost, Harry Potter & More Savings Tracked by Retail Egg The top early Black Friday LEGO kit deals for 2020, including the top Star Wars Boost, Harry Potter set, Millennium Falcon & more discounts
|
BOSTON--(BUSINESS WIRE)--Heres our review of the best early LEGO deals for Black Friday, together with all the top deals on LEGO Star Wars, Harry Potter, Minecraft, Marvels Avengers and more building sets. Find the latest deals by clicking the links listed below. Best LEGO Deals: Looking for more deals? Click here to access the entire range of active deals at Walmarts Black Friday Deals for Days sale and click here to shop Amazons current holiday deals. Retail Egg earns commissions from purchases made using the links provided. LEGO is an iconic toy that has fans from different generations. Harry Potter and Star Wars building sets based on the films are especially popular even among adults. The LEGO BOOST allows people to build models with sensors and motors through simple code and so are recommended for advanced learning. There are video games to enjoy with friends too, namely Lego Dimensions which is available for different gaming consoles. About Retail Egg: Retail Egg shares e-commerce deals news. As an Amazon Associate and affiliate Retail Egg earns from qualifying purchases.
|
edtsum3987
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SAN JOSE, Calif.--(BUSINESS WIRE)--Arlo Technologies, Inc. (NYSE: ARLO), a leading internet-connected security camera brand, today reported financial results for the third quarter ended September 27, 2020. Financial Highlights (1) The Arlo team delivered another strong quarter that exceeded our guidance in every measure. Paid account growth and strong performance from our European partner, Verisure, helped contribute to revenue coming in at $110.2 million for a growth rate of 65% sequentially and 4% year over year. We also made considerable progress on gross margins both product and service and maintained our operating discipline to improve our non-GAAP net loss by $16.3 million year over year, said Matthew McRae, Chief Executive Officer of Arlo Technologies. In our most prolific new product quarter ever, we added four new cameras to our line up and entered a large and fast-growing market with our wire-free video doorbell. All of these new products are on our new business model, a free, 90-day trial of Arlo Smart, and should add to our service revenue growth. Fueled by our robust innovation and new business model, the third quarter marks another example of the progress Arlo is making in the business. Three Months Ended Nine Months Ended September 27, 2020 June 28, 2020 September 29, 2019 September 27, 2020 September 29, 2019 (in thousands, except percentage and per share data) Revenue $ 110,236 $ 66,632 $ 106,116 $ 242,318 $ 247,594 GAAP Gross Margin 19.4 % 8.2 % 9.9 % 12.7 % 8.9 % Non-GAAP Gross Margin (1) 20.6 % 9.6 % 10.7 % 14.0 % 9.9 % GAAP Net Income (Loss) per Diluted Share $ (0.22 ) $ (0.38 ) $ (0.41 ) $ (1.11 ) $ (1.41 ) Non-GAAP Net Income (Loss) per Diluted Share (1) $ (0.10 ) $ (0.31 ) $ (0.32 ) $ (0.74 ) $ (1.15 ) _________________________ (1) Reconciliation of financial measures computed on a GAAP basis to financial measures computed on a non-GAAP basis are provided at the end of this press release. Business Highlights Fourth Quarter 2020 Business Outlook (2) A reconciliation of our business outlook on a GAAP and non-GAAP basis is provided in the following table: Three Months Ending December 31, 2020 Revenue Net Loss per Diluted Share (in millions, except per share data) GAAP $105.0 - $115.0 $(0.36) - $(0.26) Estimated adjustments for (1): Stock-based compensation expense 0.10 Tax effects of non-GAAP adjustments Non-GAAP $105.0 - $115.0 $(0.26) - $(0.16) _________________________ (1) Business outlook does not include estimates for any currently unknown income and expense items which, by their nature, could arise late in a quarter, including: litigation reserves, net; acquisition-related charges; impairment charges; discrete tax benefits or detriments relating to tax windfalls or shortfalls from equity awards; and any additional impacts relating to the implementation of U.S. tax reform. New material income and expense items such as these could have a significant effect on our guidance and future results. Investor Conference Call / Webcast Details Arlo will review the third quarter of 2020 results and discuss managements expectations for the fourth quarter of 2020 today, Thursday, November 5, 2020 at 5:00 p.m. ET (2:00 p.m. PT). The toll-free dial-in number for the live audio call is (866) 393-4306. The international dial-in number for the live audio call is (734) 385-2616. The conference ID for the call is 3079383. A live webcast of the conference call will be available on Arlos Investor Relations website at https://investor.arlo.com. A replay of the call will be available via the web at https://investor.arlo.com. About Arlo Technologies, Inc. Arlo (NYSE: ARLO) is the award-winning, industry leader that is transforming the way people experience the connected lifestyle. Arlos deep expertise in product design, wireless connectivity, cloud infrastructure and cutting-edge AI capabilities focuses on delivering a seamless, smart home experience for Arlo users that is easy to setup and interact with every day. Arlos cloud-based platform provides users with visibility, insight and a powerful means to help protect and connect in real-time with the people and things that matter most, from any location with a Wi-Fi or a cellular connection. To date, Arlo has launched several categories of award-winning smart connected devices, including wire-free smart Wi-Fi and LTE-enabled cameras, video doorbells and floodlight cameras. With a mission to bring users peace of mind, Arlo is as passionate about protecting user privacy as it is about safeguarding homes and families. Arlo is committed to supporting industry standards for data protection designed to keep users personal information private and in their control. Arlo does not monetize personal data, provides enhanced controls for user data, supports privacy legislation, keeps user data safely secure, and puts security at the forefront of company culture. 2020 Arlo Technologies, Inc., Arlo and the Arlo logo are trademarks and/or registered trademarks of Arlo Technologies, Inc. and/or certain of its affiliates in the United States and/or other countries. Other brand and product names are for identification purposes only and may be trademarks or registered trademarks of their respective holder(s). The information contained herein is subject to change without notice. Arlo shall not be liable for technical or editorial errors or omissions contained herein. All rights reserved. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. The words anticipate, expect, believe, will, may, should, estimate, project, outlook, forecast or other similar words are used to identify such forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. The forward-looking statements represent Arlo Technologies, Inc.s expectations or beliefs concerning future events based on information available at the time such statements were made and include statements regarding: Arlos future operating performance and financial condition, expected revenue, GAAP and non-GAAP gross margins, operating margins, and tax expense; expectations regarding market expansion and future growth; plans to invest in product innovation; Arlo's future product offerings; and the quote from Arlo's Chief Executive Officer. These statements are based on management's current expectations and are subject to certain risks and uncertainties, including the following: future demand for the Company's products may be lower than anticipated; consumers may choose not to adopt the Company's new product offerings or adopt competing products; product performance may be adversely affected by real world operating conditions; the Company may be unsuccessful or experience delays in manufacturing and distributing its new and existing products; telecommunications service providers may choose to slow their deployment of the Company's products or utilize competing products; the Company may be unable to collect receivables as they become due; the Company may fail to manage costs, including the cost of developing new products and manufacturing and distribution of its existing offerings; the Company may incur additional costs and charges associated with the transactions contemplated by the Verisure partnership; the Company may not receive the minimum commitment amounts from Verisure; the COVID-19 pandemic could have an adverse impact on the Company's business, operations and the markets and communities in which Arlo and its partners and customers operate; the Company may fail to successfully continue to effect operating expense savings; changes in the level of Arlo's cash resources and the Company's planned usage of such resources; changes in the Company's stock price and developments in the business that could increase the Company's cash needs; fluctuations in foreign exchange rates; the actions and financial health of the Company's customers; the anticipated financial capacity under Arlo's revolving credit line may not be available when expected, or at all; and the Company may not be able to carry out its restructuring plan. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Further information on potential risk factors that could affect Arlo and its business are detailed in the Company's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled Part II - Item 1A. Risk Factors, in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended June 28, 2020, filed with the Securities and Exchange Commission on August 6, 2020 and other periodic filings with the Securities and Exchange Commission. Given these circumstances, you should not place undue reliance on these forward-looking statements. Arlo undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Non-GAAP Financial Information: To supplement our unaudited selected financial data presented on a basis consistent with U.S. Generally Accepted Accounting Principles (GAAP), we disclose certain non-GAAP financial measures that exclude certain charges, including non-GAAP gross profit, non-GAAP gross margin, non-GAAP research and development, non-GAAP sales and marketing, non-GAAP general and administrative, non-GAAP total operating expenses, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP provision for income taxes, non-GAAP net income (loss) and non-GAAP net income (loss) per diluted share. These supplemental measures exclude adjustments for separation expense, stock-based compensation expense, amortization of intangibles, activist shareholder response costs, restructuring and other charges, strategic initiative and transaction expenses, gain on sale of business, litigation reserves, and the related tax effects. These non-GAAP measures are not in accordance with or an alternative for GAAP, and may be different from similarly-titled non-GAAP measures used by other companies. We believe that these non-GAAP measures have limitations in that they do not reflect all of the amounts associated with our results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate our results of operations in conjunction with the corresponding GAAP measures. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the most directly comparable GAAP measures. We compensate for the limitations of non-GAAP financial measures by relying upon GAAP results to gain a complete picture of our performance. In calculating non-GAAP financial measures, we exclude certain items to facilitate a review of the comparability of our operating performance on a period-to-period basis because such items are not, in our view, related to our ongoing operational performance. We use non-GAAP measures to evaluate the operating performance of our business, for comparison with forecasts and strategic plans, and for benchmarking performance externally against competitors. In addition, managements incentive compensation is determined using certain non-GAAP measures. Since we find these measures to be useful, we believe that investors benefit from seeing results through the eyes of management in addition to seeing GAAP results. We believe that these non-GAAP measures, when read in conjunction with our GAAP measures, provide useful information to investors by offering: the ability to make more meaningful period-to-period comparisons of our on-going operating results; the ability to better identify trends in our underlying business and perform related trend analyses; a better understanding of how management plans and measures our underlying business; and an easier way to compare our operating results against analyst financial models and operating results of competitors that supplement their GAAP results with non-GAAP financial measures. The following are explanations of the adjustments that we incorporate into non-GAAP measures, as well as the reasons for excluding them in the reconciliations of these non-GAAP financial measures: Separation expense consists of expenses that are related to the separation of our business from NETGEAR. These consist primarily of third-party consulting fees, legal fees, IT costs, employee bonuses for services related to the separation, and other one-time expenses incurred to complete the separation. We consider our operating results without these charges when evaluating our ongoing performance and forecasting our earnings trends, and therefore exclude such charges when presenting non-GAAP financial measures. We believe that the assessment of our operations excluding these costs is relevant to our assessment of internal operations and comparisons to the performance of our competitors. Stock-based compensation expense consists of non-cash charges for the estimated fair value of stock options, performance-based stock options, restricted stock units and shares under the employee stock purchase plan granted to employees. We believe that the exclusion of these charges provides for more accurate comparisons of our operating results to peer companies due to the varying available valuation methodologies, subjective assumptions and the variety of award types. In addition, we believe it is useful to investors to understand the specific impact stock-based compensation expense has on our operating results. Amortization of intangibles consists primarily of non-cash charges that can be impacted by, among other things, the timing and magnitude of acquisitions. We consider our operating results without these charges when evaluating our ongoing performance and forecasting our earnings trends, and therefore exclude such charges when presenting non-GAAP financial measures. We believe that the assessment of our operations excluding these costs is relevant to an assessment of our internal operations and comparisons to our prior and future periods and to the performance of our competitors. Activist shareholder response costs primarily consist of legal fees and third-party consulting costs incurred. We consider our operating results without these charges when evaluating our ongoing performance and forecasting our earnings trends, and therefore exclude such charges when presenting non-GAAP financial measures. We believe that the assessment of our operations excluding these costs is relevant to our assessment of internal operations and comparisons to the performance of our competitors. Strategic initiative and transaction expenses consist of legal fees associated with the strategic review of the Company and legal fees, accounting fees and other one-time costs incurred to complete the Verisure transaction. We consider our operating results without these charges when evaluating our ongoing performance and forecasting our earnings trends, and therefore exclude such charges when presenting non-GAAP financial measures. We believe that the assessment of our operations excluding these costs is relevant to our assessment of internal operations and comparisons to the performance of our competitors. Gain on sale of business represents gain from sale of the Company's commercial operations in Europe. We consider our operating results without this gain when evaluating our ongoing performance and forecasting our earnings trends, and therefore exclude such gain when presenting non-GAAP financial measures. We believe that the assessment of our operations excluding the gain is relevant to our assessment of internal operations and comparisons to the performance of our competitors. Other items are the result of either unique or unplanned events, including, when applicable: restructuring and other charges and litigation reserves, net. It is difficult to predict the occurrence or estimate the amount or timing of these items in advance. Although these events are reflected in our GAAP financial statements, these unique transactions may limit the comparability of our on-going operations with prior and future periods. The amounts result from events that often arise from unforeseen circumstances, which often occur outside of the ordinary course of continuing operations. Therefore, the amounts do not accurately reflect the underlying performance of our continuing business operations for the period in which they are incurred. Tax effects consist of the various above adjustments that we incorporate into non-GAAP measures in order to provide a more meaningful measure on non-GAAP net income. We also believe providing financial information with and without the income tax effects relating to our non-GAAP financial measures provides our management and users of the financial statements with better clarity regarding the on-going performance of our business. Source: Arlo-F ARLO TECHNOLOGIES, INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS As of September 27, 2020 December 31, 2019 (in thousands) ASSETS Current assets: Cash and cash equivalents $ 173,619 $ 236,680 Short-term investments 19,992 19,990 Accounts receivable, net 56,431 127,317 Inventories 69,038 68,624 Prepaid expenses and other current assets 10,317 16,958 Total current assets 329,397 469,569 Property and equipment, net 16,832 21,352 Operating lease right-of-use assets, net 25,031 31,300 Intangibles, net 238 1,306 Goodwill 11,038 11,038 Restricted cash 4,147 4,139 Other non-current assets 2,216 4,008 Total assets $ 388,899 $ 542,712 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 74,727 $ 111,650 Deferred revenue 30,567 50,362 Accrued liabilities 106,027 127,400 Income tax payable 431 4,489 Total current liabilities 211,752 293,901 Non-current deferred revenue 7,963 15,736 Non-current operating lease liabilities 26,024 29,001 Non-current income taxes payable 92 92 Other non-current liabilities 1,261 606 Total liabilities 247,092 339,336 Stockholders Equity: Preferred stock: $0.001 par value; 50,000,000 shares authorized; none issued or outstanding Common stock: $0.001 par value; 500,000,000 shares authorized; shares issued and outstanding: 79,026,508 at September 27, 2020 and 75,785,952 at December 31, 2019 79 76 Additional paid-in capital 359,297 334,821 Accumulated other comprehensive income (9 ) (2 ) Accumulated deficit (217,560 ) (131,519 ) Total stockholders equity 141,807 203,376 Total liabilities and stockholders equity $ 388,899 $ 542,712 ARLO TECHNOLOGIES, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Three Months Ended Nine Months Ended September 27, 2020 June 28, 2020 September 29, 2019 September 27, 2020 September 29, 2019 (in thousands, except percentage and per share data) Revenue: Products $ 91,271 $ 49,603 $ 94,306 $ 191,597 $ 213,359 Services 18,965 17,029 11,810 50,721 34,235 Total revenue 110,236 66,632 106,116 242,318 247,594 Cost of revenue: Products 79,107 51,186 88,755 182,481 206,878 Services 9,720 9,957 6,858 28,986 18,618 Total cost of revenue 88,827 61,143 95,613 211,467 225,496 Gross profit 21,409 5,489 10,503 30,851 22,098 Gross margin 19.4 % 8.2 % 9.9 % 12.7 % 8.9 % Operating expenses: Research and development 15,436 14,192 16,701 44,871 52,456 Sales and marketing 12,720 11,713 13,657 35,471 42,389 General and administrative 11,137 9,837 11,062 39,758 32,512 Separation expense 77 82 137 238 1,760 Gain on sale of business (292 ) Total operating expenses 39,370 35,824 41,557 120,046 129,117 Loss from operations (17,961 ) (30,335 ) (31,054 ) (89,195 ) (107,019 ) Operating margin (16.3 )% (45.5 )% (29.3 )% (36.8 )% (43.2 )% Interest income 74 151 596 760 2,170 Other income, net 543 1,111 154 2,837 138 Loss before income taxes (17,344 ) (29,073 ) (30,304 ) (85,598 ) (104,711 ) Provision for income taxes 115 183 286 443 855 Net loss $ (17,459 ) $ (29,256 ) $ (30,590 ) $ (86,041 ) $ (105,566 ) Net loss per share: Basic $ (0.22 ) $ (0.38 ) $ (0.41 ) $ (1.11 ) $ (1.41 ) Diluted $ (0.22 ) $ (0.38 ) $ (0.41 ) $ (1.11 ) $ (1.41 ) Weighted average shares used to compute net loss per share: Basic 78,662 77,885 75,337 77,705 74,831 Diluted 78,662 77,885 75,337 77,705 74,831 ARLO TECHNOLOGIES, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Nine Months Ended September 27, 2020 September 29, 2019 (In thousands) Cash flows from operating activities: Net loss $ (86,041 ) $ (105,566 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 8,024 7,757 Loss on disposal of fixed assets 19 Stock-based compensation expense 26,338 15,261 Allowance for (release of) credit losses and inventory reserves 1,322 (3,232 ) Gain on sale of business (292 ) Deferred income taxes 63 (109 ) Premium amortization (discount accretion) on investments, net 60 (391 ) Changes in assets and liabilities: Accounts receivable, net 70,985 65,920 Inventories (1,838 ) 54,335 Prepaid expenses and other assets 8,369 (1,729 ) Accounts payable (37,554 ) (24,381 ) Deferred revenue (27,569 ) (1,996 ) Accrued and other liabilities (21,203 ) (48,584 ) Net cash used in operating activities (59,317 ) (42,715 ) Cash flows from investing activities: Purchases of property and equipment (2,070 ) (5,023 ) Purchases of short-term investments (45,085 ) (29,768 ) Maturities of short-term investments 45,000 40,000 Net cash provided by (used in) investing activities (2,155 ) 5,209 Cash flows from financing activities: Proceeds related to employee benefit plans 3,051 1,837 Restricted stock unit withholdings (4,632 ) (1,755 ) Net cash provided by (used in) financing activities (1,581 ) 82 Net decrease in cash and cash equivalents and restricted cash (63,053 ) (37,424 ) Cash and cash equivalents and restricted cash, at beginning of period 240,819 155,424 Cash and cash equivalents and restricted cash, at end of period $ 177,766 $ 118,000 Non-cash investing and financing activities: Purchases of property and equipment included in accounts payable and accrued liabilities $ 1,470 $ 1,578 De-recognition of build-to-suit assets and liabilities $ $ (21,610 ) ARLO TECHNOLOGIES, INC. RECONCILIATIONS OF GAAP MEASURES TO NON-GAAP MEASURES STATEMENT OF OPERATIONS DATA: Three Months Ended Nine Months Ended September 27, 2020 June 28, 2020 September 29, 2019 September 27, 2020 September 29, 2019 (in thousands, except percentage data) GAAP gross profit $ 21,409 $ 5,489 $ 10,503 $ 30,851 $ 22,098 GAAP gross margin 19.4 % 8.2 % 9.9 % 12.7 % 8.9 % Stock-based compensation expense 942 562 467 2,007 1,286 Amortization of intangibles 356 357 381 1,069 1,144 Restructuring and other charges 23 Non-GAAP gross profit $ 22,707 $ 6,408 $ 11,351 $ 33,950 $ 24,528 Non-GAAP gross margin 20.6 % 9.6 % 10.7 % 14.0 % 9.9 % GAAP research and development $ 15,436 $ 14,192 $ 16,701 $ 44,871 $ 52,456 Stock-based compensation expense (2,870 ) (1,729 ) (1,569 ) (6,259 ) (4,501 ) Non-GAAP research and development $ 12,566 $ 12,463 $ 15,132 $ 38,612 $ 47,955 GAAP sales and marketing $ 12,720 $ 11,713 $ 13,657 $ 35,471 $ 42,389 Stock-based compensation expense (1,160 ) (984 ) (791 ) (2,895 ) (2,722 ) Non-GAAP sales and marketing $ 11,560 $ 10,729 $ 12,866 $ 32,576 $ 39,667 GAAP general and administrative $ 11,137 $ 9,837 $ 11,062 $ 39,758 $ 32,512 Stock-based compensation expense (4,029 ) (1,289 ) (2,392 ) (15,177 ) (6,752 ) Restructuring and other charges (21 ) Strategic initiative and transaction expenses (17 ) (206 ) (502 ) (768 ) (502 ) Litigation reserves, net (249 ) (140 ) (256 ) (140 ) Non-GAAP general and administrative $ 7,091 $ 8,093 $ 8,028 $ 23,536 $ 25,118 GAAP total operating expenses $ 39,370 $ 35,824 $ 41,557 $ 120,046 $ 129,117 Separation expense (77 ) (82 ) (136 ) (238 ) (1,759 ) Strategic initiative and transaction expenses (17 ) (206 ) (502 ) (768 ) (502 ) Stock-based compensation expense (8,059 ) (4,002 ) (4,752 ) (24,331 ) (13,975 ) Restructuring and other charges (21 ) Litigation reserves, net (249 ) (140 ) (256 ) (140 ) Activist shareholder response costs (237 ) Gain on sale of business 292 Non-GAAP total operating expenses $ 31,217 $ 31,285 $ 36,027 $ 94,724 $ 112,504 ARLO TECHNOLOGIES, INC. RECONCILIATIONS OF GAAP MEASURES TO NON-GAAP MEASURES (CONTINUED) STATEMENT OF OPERATIONS DATA (CONTINUED): Three Months Ended Nine Months Ended September 27, 2020 June 28, 2020 September 29, 2019 September 27, 2020 September 29, 2019 (in thousands, except percentage and per share data) GAAP operating loss $ (17,961 ) $ (30,335 ) $ (31,054 ) $ (89,195 ) $ (107,019 ) GAAP operating margin (16.3 )% (45.5 )% (29.3 )% (36.8 )% (43.2 )% Separation expense 77 82 136 238 1,759 Strategic initiative and transaction expenses 17 206 502 768 502 Stock-based compensation expense 9,001 4,564 5,219 26,338 15,261 Amortization of intangibles 356 357 381 1,069 1,144 Restructuring and other charges 44 Litigation reserves, net 249 140 256 140 Activist shareholder response costs 237 Gain on sale of business (292 ) Non-GAAP operating loss $ (8,510 ) $ (24,877 ) $ (24,676 ) $ (60,774 ) $ (87,976 ) Non-GAAP operating margin (7.7 )% (37.3 )% (23.3 )% (25.1 )% (35.5 )% GAAP provision for income taxes $ 115 $ 183 $ 286 $ 443 $ 855 GAAP income tax rate (0.7 )% (0.6 )% (0.9 )% (0.5 )% (0.8 )% Tax effects 2 (46 ) 31 96 Non-GAAP provision for income taxes $ 115 $ 181 $ 332 $ 412 $ 759 Non-GAAP income tax rate (1.5 )% (0.8 )% (1.4 )% (0.7 )% (0.9 )% GAAP net loss $ (17,459 ) $ (29,256 ) $ (30,590 ) $ (86,041 ) $ (105,566 ) Separation expense 77 82 136 238 1,759 Strategic initiative and transaction expenses 17 206 502 768 502 Stock-based compensation expense 9,001 4,564 5,219 26,338 15,261 Amortization of intangibles 356 357 381 1,069 1,144 Restructuring and other charges 44 Litigation reserves, net 249 140 256 140 Activist shareholder response costs 237 Gain on sale of business (292 ) Tax effects 2 (46 ) 31 96 Non-GAAP net loss $ (8,008 ) $ (23,796 ) $ (24,258 ) $ (57,589 ) $ (86,427 ) ARLO TECHNOLOGIES, INC. RECONCILIATIONS OF GAAP MEASURES TO NON-GAAP MEASURES (CONTINUED) STATEMENT OF OPERATIONS DATA (CONTINUED): Three Months Ended Nine Months Ended September 27, 2020 June 28, 2020 September 29, 2019 September 27, 2020 September 29, 2019 (in thousands, except percentage and per share data) NET INCOME (LOSS) PER DILUTED SHARE: GAAP net income (loss) per diluted share $ (0.22 ) $ (0.38 ) $ (0.41 ) $ (1.11 ) $ (1.41 ) Separation expense 0.01 0.02 Strategic initiative and transaction expenses 0.01 0.01 0.01 Stock-based compensation expense 0.11 0.06 0.07 0.34 0.21 Amortization of intangibles 0.01 0.01 0.01 0.01 0.02 Restructuring and other charges Litigation reserves, net Gain on sale of business Tax effects 0.00 Non-GAAP net loss per diluted share $ (0.10 ) $ (0.31 ) $ (0.32 ) $ (0.74 ) $ (1.15 ) Shares used in computing GAAP net income (loss) per diluted share 78,662 77,885 75,337 77,705 74,831 Shares used in computing non-GAAP net income (loss) per diluted share 78,662 77,885 75,337 77,705 74,831 ARLO TECHNOLOGIES, INC. UNAUDITED SUPPLEMENTAL FINANCIAL INFORMATION Three Months Ended September 27, 2020 June 28, 2020 March 29, 2020 December 31, 2019 September 29, 2019 (in thousands, except headcount and per share data) Cash, cash equivalents and short-term investments $ 193,611 $ 205,454 $ 206,582 $ 256,670 $ 153,811 Cash, cash equivalents and short-term investments per diluted share $ 2.46 $ 2.64 $ 2.70 $ 3.37 $ 2.04 Accounts receivable, net $ 56,431 $ 46,466 $ 61,376 $ 127,317 $ 99,698 Days sales outstanding 47 63 83 97 85 Inventories $ 69,038 $ 65,814 $ 61,027 $ 68,624 $ 74,117 Inventory turns 4.6 3.1 3.4 5.9 4.8 Weeks of channel inventory: U.S. retail channel 8.4 6.6 13.7 6.3 13.3 U.S. distribution channel 8.6 8.4 20.3 8.0 3.3 APAC distribution channel 4.2 6.8 6.0 3.6 4.3 Deferred revenue (current and non-current) $ 38,530 $ 54,546 $ 59,848 $ 66,098 $ 47,995 Cumulative registered accounts (1) 4,774 4,518 4,245 4,015 3,691 Cumulative paid accounts (2) 356 298 255 230 211 Headcount 358 355 356 349 406 Non-GAAP diluted shares 78,662 77,885 76,560 76,090 75,337 _________________________ (1) We define our registered accounts at the end of a particular period as the number of unique registered accounts on the Arlo platform as of the end of such particular period, and includes accounts owned by Verisure S.a.r.l.. The number of registered accounts does not necessarily reflect the number of end-users on the Arlo platform, as one registered account may be used by multiple people. (2) Paid accounts worldwide measured as any account where a subscription to a paid service is being collected (either by the Company or by the Companys customers or channel partners), plus paid service plans of a duration of more than 3 months bundled with products (such bundles being counted as a paid account after 90 days have elapsed from the date of registration). Paid accounts includes accounts transferred to Verisure S.a.r.l.. REVENUE BY GEOGRAPHY Three Months Ended Nine Months Ended September 27, 2020 June 28, 2020 September 29, 2019 September 27, 2020 September 29, 2019 (in thousands, except percentage data) Americas $ 75,861 69 % $ 50,971 76 % $ 85,562 81 % $ 176,990 73 % $ 194,492 79 % EMEA 28,010 25 % 11,263 17 % 13,002 12 % 46,846 19 % 37,370 15 % APAC 6,365 6 % 4,398 7 % 7,552 7 % 18,482 8 % 15,732 6 % Total $ 110,236 100 % $ 66,632 100 % $ 106,116 100 % $ 242,318 100 % $ 247,594 100 %
Answer:
|
Arlo Reports Third Quarter 2020 Results Exceeded Revenue and EPS Guidance 104% GAAP Gross Profit Growth Year Over Year 100% Non-GAAP Gross Profit Growth Year Over Year 61% Service Revenue Growth Year Over Year Cash, Cash Equivalents and Short-term Investments Balance of $193.6 million with No Debt
|
SAN JOSE, Calif.--(BUSINESS WIRE)--Arlo Technologies, Inc. (NYSE: ARLO), a leading internet-connected security camera brand, today reported financial results for the third quarter ended September 27, 2020. Financial Highlights (1) The Arlo team delivered another strong quarter that exceeded our guidance in every measure. Paid account growth and strong performance from our European partner, Verisure, helped contribute to revenue coming in at $110.2 million for a growth rate of 65% sequentially and 4% year over year. We also made considerable progress on gross margins both product and service and maintained our operating discipline to improve our non-GAAP net loss by $16.3 million year over year, said Matthew McRae, Chief Executive Officer of Arlo Technologies. In our most prolific new product quarter ever, we added four new cameras to our line up and entered a large and fast-growing market with our wire-free video doorbell. All of these new products are on our new business model, a free, 90-day trial of Arlo Smart, and should add to our service revenue growth. Fueled by our robust innovation and new business model, the third quarter marks another example of the progress Arlo is making in the business. Three Months Ended Nine Months Ended September 27, 2020 June 28, 2020 September 29, 2019 September 27, 2020 September 29, 2019 (in thousands, except percentage and per share data) Revenue $ 110,236 $ 66,632 $ 106,116 $ 242,318 $ 247,594 GAAP Gross Margin 19.4 % 8.2 % 9.9 % 12.7 % 8.9 % Non-GAAP Gross Margin (1) 20.6 % 9.6 % 10.7 % 14.0 % 9.9 % GAAP Net Income (Loss) per Diluted Share $ (0.22 ) $ (0.38 ) $ (0.41 ) $ (1.11 ) $ (1.41 ) Non-GAAP Net Income (Loss) per Diluted Share (1) $ (0.10 ) $ (0.31 ) $ (0.32 ) $ (0.74 ) $ (1.15 ) _________________________ (1) Reconciliation of financial measures computed on a GAAP basis to financial measures computed on a non-GAAP basis are provided at the end of this press release. Business Highlights Fourth Quarter 2020 Business Outlook (2) A reconciliation of our business outlook on a GAAP and non-GAAP basis is provided in the following table: Three Months Ending December 31, 2020 Revenue Net Loss per Diluted Share (in millions, except per share data) GAAP $105.0 - $115.0 $(0.36) - $(0.26) Estimated adjustments for (1): Stock-based compensation expense 0.10 Tax effects of non-GAAP adjustments Non-GAAP $105.0 - $115.0 $(0.26) - $(0.16) _________________________ (1) Business outlook does not include estimates for any currently unknown income and expense items which, by their nature, could arise late in a quarter, including: litigation reserves, net; acquisition-related charges; impairment charges; discrete tax benefits or detriments relating to tax windfalls or shortfalls from equity awards; and any additional impacts relating to the implementation of U.S. tax reform. New material income and expense items such as these could have a significant effect on our guidance and future results. Investor Conference Call / Webcast Details Arlo will review the third quarter of 2020 results and discuss managements expectations for the fourth quarter of 2020 today, Thursday, November 5, 2020 at 5:00 p.m. ET (2:00 p.m. PT). The toll-free dial-in number for the live audio call is (866) 393-4306. The international dial-in number for the live audio call is (734) 385-2616. The conference ID for the call is 3079383. A live webcast of the conference call will be available on Arlos Investor Relations website at https://investor.arlo.com. A replay of the call will be available via the web at https://investor.arlo.com. About Arlo Technologies, Inc. Arlo (NYSE: ARLO) is the award-winning, industry leader that is transforming the way people experience the connected lifestyle. Arlos deep expertise in product design, wireless connectivity, cloud infrastructure and cutting-edge AI capabilities focuses on delivering a seamless, smart home experience for Arlo users that is easy to setup and interact with every day. Arlos cloud-based platform provides users with visibility, insight and a powerful means to help protect and connect in real-time with the people and things that matter most, from any location with a Wi-Fi or a cellular connection. To date, Arlo has launched several categories of award-winning smart connected devices, including wire-free smart Wi-Fi and LTE-enabled cameras, video doorbells and floodlight cameras. With a mission to bring users peace of mind, Arlo is as passionate about protecting user privacy as it is about safeguarding homes and families. Arlo is committed to supporting industry standards for data protection designed to keep users personal information private and in their control. Arlo does not monetize personal data, provides enhanced controls for user data, supports privacy legislation, keeps user data safely secure, and puts security at the forefront of company culture. 2020 Arlo Technologies, Inc., Arlo and the Arlo logo are trademarks and/or registered trademarks of Arlo Technologies, Inc. and/or certain of its affiliates in the United States and/or other countries. Other brand and product names are for identification purposes only and may be trademarks or registered trademarks of their respective holder(s). The information contained herein is subject to change without notice. Arlo shall not be liable for technical or editorial errors or omissions contained herein. All rights reserved. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. The words anticipate, expect, believe, will, may, should, estimate, project, outlook, forecast or other similar words are used to identify such forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. The forward-looking statements represent Arlo Technologies, Inc.s expectations or beliefs concerning future events based on information available at the time such statements were made and include statements regarding: Arlos future operating performance and financial condition, expected revenue, GAAP and non-GAAP gross margins, operating margins, and tax expense; expectations regarding market expansion and future growth; plans to invest in product innovation; Arlo's future product offerings; and the quote from Arlo's Chief Executive Officer. These statements are based on management's current expectations and are subject to certain risks and uncertainties, including the following: future demand for the Company's products may be lower than anticipated; consumers may choose not to adopt the Company's new product offerings or adopt competing products; product performance may be adversely affected by real world operating conditions; the Company may be unsuccessful or experience delays in manufacturing and distributing its new and existing products; telecommunications service providers may choose to slow their deployment of the Company's products or utilize competing products; the Company may be unable to collect receivables as they become due; the Company may fail to manage costs, including the cost of developing new products and manufacturing and distribution of its existing offerings; the Company may incur additional costs and charges associated with the transactions contemplated by the Verisure partnership; the Company may not receive the minimum commitment amounts from Verisure; the COVID-19 pandemic could have an adverse impact on the Company's business, operations and the markets and communities in which Arlo and its partners and customers operate; the Company may fail to successfully continue to effect operating expense savings; changes in the level of Arlo's cash resources and the Company's planned usage of such resources; changes in the Company's stock price and developments in the business that could increase the Company's cash needs; fluctuations in foreign exchange rates; the actions and financial health of the Company's customers; the anticipated financial capacity under Arlo's revolving credit line may not be available when expected, or at all; and the Company may not be able to carry out its restructuring plan. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Further information on potential risk factors that could affect Arlo and its business are detailed in the Company's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled Part II - Item 1A. Risk Factors, in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended June 28, 2020, filed with the Securities and Exchange Commission on August 6, 2020 and other periodic filings with the Securities and Exchange Commission. Given these circumstances, you should not place undue reliance on these forward-looking statements. Arlo undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Non-GAAP Financial Information: To supplement our unaudited selected financial data presented on a basis consistent with U.S. Generally Accepted Accounting Principles (GAAP), we disclose certain non-GAAP financial measures that exclude certain charges, including non-GAAP gross profit, non-GAAP gross margin, non-GAAP research and development, non-GAAP sales and marketing, non-GAAP general and administrative, non-GAAP total operating expenses, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP provision for income taxes, non-GAAP net income (loss) and non-GAAP net income (loss) per diluted share. These supplemental measures exclude adjustments for separation expense, stock-based compensation expense, amortization of intangibles, activist shareholder response costs, restructuring and other charges, strategic initiative and transaction expenses, gain on sale of business, litigation reserves, and the related tax effects. These non-GAAP measures are not in accordance with or an alternative for GAAP, and may be different from similarly-titled non-GAAP measures used by other companies. We believe that these non-GAAP measures have limitations in that they do not reflect all of the amounts associated with our results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate our results of operations in conjunction with the corresponding GAAP measures. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the most directly comparable GAAP measures. We compensate for the limitations of non-GAAP financial measures by relying upon GAAP results to gain a complete picture of our performance. In calculating non-GAAP financial measures, we exclude certain items to facilitate a review of the comparability of our operating performance on a period-to-period basis because such items are not, in our view, related to our ongoing operational performance. We use non-GAAP measures to evaluate the operating performance of our business, for comparison with forecasts and strategic plans, and for benchmarking performance externally against competitors. In addition, managements incentive compensation is determined using certain non-GAAP measures. Since we find these measures to be useful, we believe that investors benefit from seeing results through the eyes of management in addition to seeing GAAP results. We believe that these non-GAAP measures, when read in conjunction with our GAAP measures, provide useful information to investors by offering: the ability to make more meaningful period-to-period comparisons of our on-going operating results; the ability to better identify trends in our underlying business and perform related trend analyses; a better understanding of how management plans and measures our underlying business; and an easier way to compare our operating results against analyst financial models and operating results of competitors that supplement their GAAP results with non-GAAP financial measures. The following are explanations of the adjustments that we incorporate into non-GAAP measures, as well as the reasons for excluding them in the reconciliations of these non-GAAP financial measures: Separation expense consists of expenses that are related to the separation of our business from NETGEAR. These consist primarily of third-party consulting fees, legal fees, IT costs, employee bonuses for services related to the separation, and other one-time expenses incurred to complete the separation. We consider our operating results without these charges when evaluating our ongoing performance and forecasting our earnings trends, and therefore exclude such charges when presenting non-GAAP financial measures. We believe that the assessment of our operations excluding these costs is relevant to our assessment of internal operations and comparisons to the performance of our competitors. Stock-based compensation expense consists of non-cash charges for the estimated fair value of stock options, performance-based stock options, restricted stock units and shares under the employee stock purchase plan granted to employees. We believe that the exclusion of these charges provides for more accurate comparisons of our operating results to peer companies due to the varying available valuation methodologies, subjective assumptions and the variety of award types. In addition, we believe it is useful to investors to understand the specific impact stock-based compensation expense has on our operating results. Amortization of intangibles consists primarily of non-cash charges that can be impacted by, among other things, the timing and magnitude of acquisitions. We consider our operating results without these charges when evaluating our ongoing performance and forecasting our earnings trends, and therefore exclude such charges when presenting non-GAAP financial measures. We believe that the assessment of our operations excluding these costs is relevant to an assessment of our internal operations and comparisons to our prior and future periods and to the performance of our competitors. Activist shareholder response costs primarily consist of legal fees and third-party consulting costs incurred. We consider our operating results without these charges when evaluating our ongoing performance and forecasting our earnings trends, and therefore exclude such charges when presenting non-GAAP financial measures. We believe that the assessment of our operations excluding these costs is relevant to our assessment of internal operations and comparisons to the performance of our competitors. Strategic initiative and transaction expenses consist of legal fees associated with the strategic review of the Company and legal fees, accounting fees and other one-time costs incurred to complete the Verisure transaction. We consider our operating results without these charges when evaluating our ongoing performance and forecasting our earnings trends, and therefore exclude such charges when presenting non-GAAP financial measures. We believe that the assessment of our operations excluding these costs is relevant to our assessment of internal operations and comparisons to the performance of our competitors. Gain on sale of business represents gain from sale of the Company's commercial operations in Europe. We consider our operating results without this gain when evaluating our ongoing performance and forecasting our earnings trends, and therefore exclude such gain when presenting non-GAAP financial measures. We believe that the assessment of our operations excluding the gain is relevant to our assessment of internal operations and comparisons to the performance of our competitors. Other items are the result of either unique or unplanned events, including, when applicable: restructuring and other charges and litigation reserves, net. It is difficult to predict the occurrence or estimate the amount or timing of these items in advance. Although these events are reflected in our GAAP financial statements, these unique transactions may limit the comparability of our on-going operations with prior and future periods. The amounts result from events that often arise from unforeseen circumstances, which often occur outside of the ordinary course of continuing operations. Therefore, the amounts do not accurately reflect the underlying performance of our continuing business operations for the period in which they are incurred. Tax effects consist of the various above adjustments that we incorporate into non-GAAP measures in order to provide a more meaningful measure on non-GAAP net income. We also believe providing financial information with and without the income tax effects relating to our non-GAAP financial measures provides our management and users of the financial statements with better clarity regarding the on-going performance of our business. Source: Arlo-F ARLO TECHNOLOGIES, INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS As of September 27, 2020 December 31, 2019 (in thousands) ASSETS Current assets: Cash and cash equivalents $ 173,619 $ 236,680 Short-term investments 19,992 19,990 Accounts receivable, net 56,431 127,317 Inventories 69,038 68,624 Prepaid expenses and other current assets 10,317 16,958 Total current assets 329,397 469,569 Property and equipment, net 16,832 21,352 Operating lease right-of-use assets, net 25,031 31,300 Intangibles, net 238 1,306 Goodwill 11,038 11,038 Restricted cash 4,147 4,139 Other non-current assets 2,216 4,008 Total assets $ 388,899 $ 542,712 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 74,727 $ 111,650 Deferred revenue 30,567 50,362 Accrued liabilities 106,027 127,400 Income tax payable 431 4,489 Total current liabilities 211,752 293,901 Non-current deferred revenue 7,963 15,736 Non-current operating lease liabilities 26,024 29,001 Non-current income taxes payable 92 92 Other non-current liabilities 1,261 606 Total liabilities 247,092 339,336 Stockholders Equity: Preferred stock: $0.001 par value; 50,000,000 shares authorized; none issued or outstanding Common stock: $0.001 par value; 500,000,000 shares authorized; shares issued and outstanding: 79,026,508 at September 27, 2020 and 75,785,952 at December 31, 2019 79 76 Additional paid-in capital 359,297 334,821 Accumulated other comprehensive income (9 ) (2 ) Accumulated deficit (217,560 ) (131,519 ) Total stockholders equity 141,807 203,376 Total liabilities and stockholders equity $ 388,899 $ 542,712 ARLO TECHNOLOGIES, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Three Months Ended Nine Months Ended September 27, 2020 June 28, 2020 September 29, 2019 September 27, 2020 September 29, 2019 (in thousands, except percentage and per share data) Revenue: Products $ 91,271 $ 49,603 $ 94,306 $ 191,597 $ 213,359 Services 18,965 17,029 11,810 50,721 34,235 Total revenue 110,236 66,632 106,116 242,318 247,594 Cost of revenue: Products 79,107 51,186 88,755 182,481 206,878 Services 9,720 9,957 6,858 28,986 18,618 Total cost of revenue 88,827 61,143 95,613 211,467 225,496 Gross profit 21,409 5,489 10,503 30,851 22,098 Gross margin 19.4 % 8.2 % 9.9 % 12.7 % 8.9 % Operating expenses: Research and development 15,436 14,192 16,701 44,871 52,456 Sales and marketing 12,720 11,713 13,657 35,471 42,389 General and administrative 11,137 9,837 11,062 39,758 32,512 Separation expense 77 82 137 238 1,760 Gain on sale of business (292 ) Total operating expenses 39,370 35,824 41,557 120,046 129,117 Loss from operations (17,961 ) (30,335 ) (31,054 ) (89,195 ) (107,019 ) Operating margin (16.3 )% (45.5 )% (29.3 )% (36.8 )% (43.2 )% Interest income 74 151 596 760 2,170 Other income, net 543 1,111 154 2,837 138 Loss before income taxes (17,344 ) (29,073 ) (30,304 ) (85,598 ) (104,711 ) Provision for income taxes 115 183 286 443 855 Net loss $ (17,459 ) $ (29,256 ) $ (30,590 ) $ (86,041 ) $ (105,566 ) Net loss per share: Basic $ (0.22 ) $ (0.38 ) $ (0.41 ) $ (1.11 ) $ (1.41 ) Diluted $ (0.22 ) $ (0.38 ) $ (0.41 ) $ (1.11 ) $ (1.41 ) Weighted average shares used to compute net loss per share: Basic 78,662 77,885 75,337 77,705 74,831 Diluted 78,662 77,885 75,337 77,705 74,831 ARLO TECHNOLOGIES, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Nine Months Ended September 27, 2020 September 29, 2019 (In thousands) Cash flows from operating activities: Net loss $ (86,041 ) $ (105,566 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 8,024 7,757 Loss on disposal of fixed assets 19 Stock-based compensation expense 26,338 15,261 Allowance for (release of) credit losses and inventory reserves 1,322 (3,232 ) Gain on sale of business (292 ) Deferred income taxes 63 (109 ) Premium amortization (discount accretion) on investments, net 60 (391 ) Changes in assets and liabilities: Accounts receivable, net 70,985 65,920 Inventories (1,838 ) 54,335 Prepaid expenses and other assets 8,369 (1,729 ) Accounts payable (37,554 ) (24,381 ) Deferred revenue (27,569 ) (1,996 ) Accrued and other liabilities (21,203 ) (48,584 ) Net cash used in operating activities (59,317 ) (42,715 ) Cash flows from investing activities: Purchases of property and equipment (2,070 ) (5,023 ) Purchases of short-term investments (45,085 ) (29,768 ) Maturities of short-term investments 45,000 40,000 Net cash provided by (used in) investing activities (2,155 ) 5,209 Cash flows from financing activities: Proceeds related to employee benefit plans 3,051 1,837 Restricted stock unit withholdings (4,632 ) (1,755 ) Net cash provided by (used in) financing activities (1,581 ) 82 Net decrease in cash and cash equivalents and restricted cash (63,053 ) (37,424 ) Cash and cash equivalents and restricted cash, at beginning of period 240,819 155,424 Cash and cash equivalents and restricted cash, at end of period $ 177,766 $ 118,000 Non-cash investing and financing activities: Purchases of property and equipment included in accounts payable and accrued liabilities $ 1,470 $ 1,578 De-recognition of build-to-suit assets and liabilities $ $ (21,610 ) ARLO TECHNOLOGIES, INC. RECONCILIATIONS OF GAAP MEASURES TO NON-GAAP MEASURES STATEMENT OF OPERATIONS DATA: Three Months Ended Nine Months Ended September 27, 2020 June 28, 2020 September 29, 2019 September 27, 2020 September 29, 2019 (in thousands, except percentage data) GAAP gross profit $ 21,409 $ 5,489 $ 10,503 $ 30,851 $ 22,098 GAAP gross margin 19.4 % 8.2 % 9.9 % 12.7 % 8.9 % Stock-based compensation expense 942 562 467 2,007 1,286 Amortization of intangibles 356 357 381 1,069 1,144 Restructuring and other charges 23 Non-GAAP gross profit $ 22,707 $ 6,408 $ 11,351 $ 33,950 $ 24,528 Non-GAAP gross margin 20.6 % 9.6 % 10.7 % 14.0 % 9.9 % GAAP research and development $ 15,436 $ 14,192 $ 16,701 $ 44,871 $ 52,456 Stock-based compensation expense (2,870 ) (1,729 ) (1,569 ) (6,259 ) (4,501 ) Non-GAAP research and development $ 12,566 $ 12,463 $ 15,132 $ 38,612 $ 47,955 GAAP sales and marketing $ 12,720 $ 11,713 $ 13,657 $ 35,471 $ 42,389 Stock-based compensation expense (1,160 ) (984 ) (791 ) (2,895 ) (2,722 ) Non-GAAP sales and marketing $ 11,560 $ 10,729 $ 12,866 $ 32,576 $ 39,667 GAAP general and administrative $ 11,137 $ 9,837 $ 11,062 $ 39,758 $ 32,512 Stock-based compensation expense (4,029 ) (1,289 ) (2,392 ) (15,177 ) (6,752 ) Restructuring and other charges (21 ) Strategic initiative and transaction expenses (17 ) (206 ) (502 ) (768 ) (502 ) Litigation reserves, net (249 ) (140 ) (256 ) (140 ) Non-GAAP general and administrative $ 7,091 $ 8,093 $ 8,028 $ 23,536 $ 25,118 GAAP total operating expenses $ 39,370 $ 35,824 $ 41,557 $ 120,046 $ 129,117 Separation expense (77 ) (82 ) (136 ) (238 ) (1,759 ) Strategic initiative and transaction expenses (17 ) (206 ) (502 ) (768 ) (502 ) Stock-based compensation expense (8,059 ) (4,002 ) (4,752 ) (24,331 ) (13,975 ) Restructuring and other charges (21 ) Litigation reserves, net (249 ) (140 ) (256 ) (140 ) Activist shareholder response costs (237 ) Gain on sale of business 292 Non-GAAP total operating expenses $ 31,217 $ 31,285 $ 36,027 $ 94,724 $ 112,504 ARLO TECHNOLOGIES, INC. RECONCILIATIONS OF GAAP MEASURES TO NON-GAAP MEASURES (CONTINUED) STATEMENT OF OPERATIONS DATA (CONTINUED): Three Months Ended Nine Months Ended September 27, 2020 June 28, 2020 September 29, 2019 September 27, 2020 September 29, 2019 (in thousands, except percentage and per share data) GAAP operating loss $ (17,961 ) $ (30,335 ) $ (31,054 ) $ (89,195 ) $ (107,019 ) GAAP operating margin (16.3 )% (45.5 )% (29.3 )% (36.8 )% (43.2 )% Separation expense 77 82 136 238 1,759 Strategic initiative and transaction expenses 17 206 502 768 502 Stock-based compensation expense 9,001 4,564 5,219 26,338 15,261 Amortization of intangibles 356 357 381 1,069 1,144 Restructuring and other charges 44 Litigation reserves, net 249 140 256 140 Activist shareholder response costs 237 Gain on sale of business (292 ) Non-GAAP operating loss $ (8,510 ) $ (24,877 ) $ (24,676 ) $ (60,774 ) $ (87,976 ) Non-GAAP operating margin (7.7 )% (37.3 )% (23.3 )% (25.1 )% (35.5 )% GAAP provision for income taxes $ 115 $ 183 $ 286 $ 443 $ 855 GAAP income tax rate (0.7 )% (0.6 )% (0.9 )% (0.5 )% (0.8 )% Tax effects 2 (46 ) 31 96 Non-GAAP provision for income taxes $ 115 $ 181 $ 332 $ 412 $ 759 Non-GAAP income tax rate (1.5 )% (0.8 )% (1.4 )% (0.7 )% (0.9 )% GAAP net loss $ (17,459 ) $ (29,256 ) $ (30,590 ) $ (86,041 ) $ (105,566 ) Separation expense 77 82 136 238 1,759 Strategic initiative and transaction expenses 17 206 502 768 502 Stock-based compensation expense 9,001 4,564 5,219 26,338 15,261 Amortization of intangibles 356 357 381 1,069 1,144 Restructuring and other charges 44 Litigation reserves, net 249 140 256 140 Activist shareholder response costs 237 Gain on sale of business (292 ) Tax effects 2 (46 ) 31 96 Non-GAAP net loss $ (8,008 ) $ (23,796 ) $ (24,258 ) $ (57,589 ) $ (86,427 ) ARLO TECHNOLOGIES, INC. RECONCILIATIONS OF GAAP MEASURES TO NON-GAAP MEASURES (CONTINUED) STATEMENT OF OPERATIONS DATA (CONTINUED): Three Months Ended Nine Months Ended September 27, 2020 June 28, 2020 September 29, 2019 September 27, 2020 September 29, 2019 (in thousands, except percentage and per share data) NET INCOME (LOSS) PER DILUTED SHARE: GAAP net income (loss) per diluted share $ (0.22 ) $ (0.38 ) $ (0.41 ) $ (1.11 ) $ (1.41 ) Separation expense 0.01 0.02 Strategic initiative and transaction expenses 0.01 0.01 0.01 Stock-based compensation expense 0.11 0.06 0.07 0.34 0.21 Amortization of intangibles 0.01 0.01 0.01 0.01 0.02 Restructuring and other charges Litigation reserves, net Gain on sale of business Tax effects 0.00 Non-GAAP net loss per diluted share $ (0.10 ) $ (0.31 ) $ (0.32 ) $ (0.74 ) $ (1.15 ) Shares used in computing GAAP net income (loss) per diluted share 78,662 77,885 75,337 77,705 74,831 Shares used in computing non-GAAP net income (loss) per diluted share 78,662 77,885 75,337 77,705 74,831 ARLO TECHNOLOGIES, INC. UNAUDITED SUPPLEMENTAL FINANCIAL INFORMATION Three Months Ended September 27, 2020 June 28, 2020 March 29, 2020 December 31, 2019 September 29, 2019 (in thousands, except headcount and per share data) Cash, cash equivalents and short-term investments $ 193,611 $ 205,454 $ 206,582 $ 256,670 $ 153,811 Cash, cash equivalents and short-term investments per diluted share $ 2.46 $ 2.64 $ 2.70 $ 3.37 $ 2.04 Accounts receivable, net $ 56,431 $ 46,466 $ 61,376 $ 127,317 $ 99,698 Days sales outstanding 47 63 83 97 85 Inventories $ 69,038 $ 65,814 $ 61,027 $ 68,624 $ 74,117 Inventory turns 4.6 3.1 3.4 5.9 4.8 Weeks of channel inventory: U.S. retail channel 8.4 6.6 13.7 6.3 13.3 U.S. distribution channel 8.6 8.4 20.3 8.0 3.3 APAC distribution channel 4.2 6.8 6.0 3.6 4.3 Deferred revenue (current and non-current) $ 38,530 $ 54,546 $ 59,848 $ 66,098 $ 47,995 Cumulative registered accounts (1) 4,774 4,518 4,245 4,015 3,691 Cumulative paid accounts (2) 356 298 255 230 211 Headcount 358 355 356 349 406 Non-GAAP diluted shares 78,662 77,885 76,560 76,090 75,337 _________________________ (1) We define our registered accounts at the end of a particular period as the number of unique registered accounts on the Arlo platform as of the end of such particular period, and includes accounts owned by Verisure S.a.r.l.. The number of registered accounts does not necessarily reflect the number of end-users on the Arlo platform, as one registered account may be used by multiple people. (2) Paid accounts worldwide measured as any account where a subscription to a paid service is being collected (either by the Company or by the Companys customers or channel partners), plus paid service plans of a duration of more than 3 months bundled with products (such bundles being counted as a paid account after 90 days have elapsed from the date of registration). Paid accounts includes accounts transferred to Verisure S.a.r.l.. REVENUE BY GEOGRAPHY Three Months Ended Nine Months Ended September 27, 2020 June 28, 2020 September 29, 2019 September 27, 2020 September 29, 2019 (in thousands, except percentage data) Americas $ 75,861 69 % $ 50,971 76 % $ 85,562 81 % $ 176,990 73 % $ 194,492 79 % EMEA 28,010 25 % 11,263 17 % 13,002 12 % 46,846 19 % 37,370 15 % APAC 6,365 6 % 4,398 7 % 7,552 7 % 18,482 8 % 15,732 6 % Total $ 110,236 100 % $ 66,632 100 % $ 106,116 100 % $ 242,318 100 % $ 247,594 100 %
|
edtsum3988
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: MOUNTAIN VIEW, Calif., March 19, 2020 /PRNewswire/ -- Addepar, a leading technology platform for wealth management, announced an investment of $40 million by WestCap Group ("WestCap").The investment was led byLaurence Tosi ("L.T."), a member ofAddepar'sBoard of Directors for the past two years as well as WestCap's founder and managing partner,and by Scott Ganeles, senior partner atWestCap.Aslongtime partners,Tosi andGanelesalso co-foundediPreo, a leadingcapital marketsfintech company. "This latest financing from WestCap helps Addepar expand on the value we bring to our clients, which has fueled our growth trajectory over the past decade," said CEO Eric Poirier. "Our cloud-based data aggregation, analytics and reporting solution empowers Addepar's clients to give each of their clients a clear and complete understanding of their investment portfolio, from anywhere at any time. These capabilities are an absolute requirement in today's market environment, and our team's commitment to this problem space is stronger now than ever. With over $1.7 trillion in assets now managed on Addepar by some of the world's most respected firms, we have many opportunities to add to our offerings and deliver unmatched and lasting value to advisors and wealth managers. We're grateful for L.T.'s support over the years and are excited for the additional operating expertise and guidance contributed by Scott and the truly world class team at WestCap." Addepar will use the additional capital to continue investing heavily in research and development, market expansion and building on its industry leading platform which has set the company apart in an increasingly competitive space. "Addepar was created in response to the 2008 financial crisis and is uniquely poised to provide solutions and insights during times of extreme market volatility as we're seeing today. As we learned from our experiences with founding and scaling iLevel and iPreo, risk management software is a counter cyclical investment," said L.T. WestCap's Scott Ganeles added, "Having operated and grown fintech companies serving both public and private markets for the last 30 years, I am highly confident in Addepar's trajectory the company is perfectly positioned to arm advisors and investors with the best data, technology and products in order to make confident, data-driven decisions in a scalable way. Our investment supports our belief in the tangible value they provide, no matter the market conditions." For more information, please visit www.Addepar.com About Addepar Addepar is a wealth management platform that specializes in data aggregation, analytics and reporting for even the most complex investment portfolios. The company's platform aggregates portfolio, market and client data all in one place. It provides asset owners and advisors a clearer financial picture at every level, allowing them to make more informed and timely investment decisions. Addepar works with hundreds of leading financial advisors, family offices and large financial institutions that manage data for over $1.7 trillion of assets on the company's platform. In 2020, Addepar was named as a Forbes Fintech 50 and in 2018 received Morgan Stanley's Fintech Award for making a significant impact on the firm's mission of continuous innovation. Addepar is headquartered in Silicon Valley and has offices in New York City and Salt Lake City. About WestCap WestCap Group ("WestCap") is a Growth Equity firm originally founded by Laurence A. Tosi over 25 years ago as Weston Capital. WestCap has over $1 billion in assets under management. The firm focuses on growth-stage technology businesses in Fintech, Real Estate Tech, Healthcare Tech and asset-light marketplace platforms, all areas where the WestCap team has both operated and invested. Notable investments to date include Airbnb, Point Financial, Sonder, Blueground, Skillz, Addepar and viagogo. After making an initial investment in viagogo in early 2019, WestCap co-led viagago's acquisition of Stubhub in November 2019. WestCap's investors include leading family offices and institutions from around the world. The firm has offices in San Francisco, CA and New York City, NY. SOURCE Addepar Related Links http://www.addepar.com
Answer:
|
Addepar Announces $40 Million in New Financing Investment from WestCap Group to support continued business growth
|
MOUNTAIN VIEW, Calif., March 19, 2020 /PRNewswire/ -- Addepar, a leading technology platform for wealth management, announced an investment of $40 million by WestCap Group ("WestCap").The investment was led byLaurence Tosi ("L.T."), a member ofAddepar'sBoard of Directors for the past two years as well as WestCap's founder and managing partner,and by Scott Ganeles, senior partner atWestCap.Aslongtime partners,Tosi andGanelesalso co-foundediPreo, a leadingcapital marketsfintech company. "This latest financing from WestCap helps Addepar expand on the value we bring to our clients, which has fueled our growth trajectory over the past decade," said CEO Eric Poirier. "Our cloud-based data aggregation, analytics and reporting solution empowers Addepar's clients to give each of their clients a clear and complete understanding of their investment portfolio, from anywhere at any time. These capabilities are an absolute requirement in today's market environment, and our team's commitment to this problem space is stronger now than ever. With over $1.7 trillion in assets now managed on Addepar by some of the world's most respected firms, we have many opportunities to add to our offerings and deliver unmatched and lasting value to advisors and wealth managers. We're grateful for L.T.'s support over the years and are excited for the additional operating expertise and guidance contributed by Scott and the truly world class team at WestCap." Addepar will use the additional capital to continue investing heavily in research and development, market expansion and building on its industry leading platform which has set the company apart in an increasingly competitive space. "Addepar was created in response to the 2008 financial crisis and is uniquely poised to provide solutions and insights during times of extreme market volatility as we're seeing today. As we learned from our experiences with founding and scaling iLevel and iPreo, risk management software is a counter cyclical investment," said L.T. WestCap's Scott Ganeles added, "Having operated and grown fintech companies serving both public and private markets for the last 30 years, I am highly confident in Addepar's trajectory the company is perfectly positioned to arm advisors and investors with the best data, technology and products in order to make confident, data-driven decisions in a scalable way. Our investment supports our belief in the tangible value they provide, no matter the market conditions." For more information, please visit www.Addepar.com About Addepar Addepar is a wealth management platform that specializes in data aggregation, analytics and reporting for even the most complex investment portfolios. The company's platform aggregates portfolio, market and client data all in one place. It provides asset owners and advisors a clearer financial picture at every level, allowing them to make more informed and timely investment decisions. Addepar works with hundreds of leading financial advisors, family offices and large financial institutions that manage data for over $1.7 trillion of assets on the company's platform. In 2020, Addepar was named as a Forbes Fintech 50 and in 2018 received Morgan Stanley's Fintech Award for making a significant impact on the firm's mission of continuous innovation. Addepar is headquartered in Silicon Valley and has offices in New York City and Salt Lake City. About WestCap WestCap Group ("WestCap") is a Growth Equity firm originally founded by Laurence A. Tosi over 25 years ago as Weston Capital. WestCap has over $1 billion in assets under management. The firm focuses on growth-stage technology businesses in Fintech, Real Estate Tech, Healthcare Tech and asset-light marketplace platforms, all areas where the WestCap team has both operated and invested. Notable investments to date include Airbnb, Point Financial, Sonder, Blueground, Skillz, Addepar and viagogo. After making an initial investment in viagogo in early 2019, WestCap co-led viagago's acquisition of Stubhub in November 2019. WestCap's investors include leading family offices and institutions from around the world. The firm has offices in San Francisco, CA and New York City, NY. SOURCE Addepar Related Links http://www.addepar.com
|
edtsum3992
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: FORT COLLINS, Colo., Aug. 5, 2020 /PRNewswire/ -- Samsung Galaxy Note20 5G and Galaxy Note20 Ultra 5G keep you connected to everyone in your world. OtterBox, the No. 1-selling smartphone case brand in the U.S., protects your Galaxy with Symmetry Series, Defender Series and Commuter Series cases, available now at otterbox.com.1/2 OtterBox protects your Galaxy with Symmetry Series, Defender Series and Commuter Series cases. "Our phones are essential to connecting with the people that matter most," said OtterBox CEO Jim Parke. "Whether you're taking a much needed road trip, conquering the world from your home office or video chatting with family, OtterBox cases are the perfect complement to the new Galaxy Note20 5G and Galaxy Note20 Ultra 5G." Symmetry Seriesoffers sleek protection for Galaxy Note20 5G and Galaxy Note20 Ultra 5G. With clear and color options, Symmetry Series is ready for park picnics or daily at-home activities and features a slim profile that is easily pocketable. Go anywhere with rugged protection from Defender Series. Built with multilayer protection, Defender Series protects against the most extreme drops and bumps. Defender Series Pro offers an extra later of defense with lasting antimicrobial technology that helps protect the case exterior against many common bacteria, as well as drops and scrapes.3Commuter Series alsonow features antimicrobial technology to ensure the surface of the phone is protected against many common bacteria.3 Commuter Series features a hard outer shell and soft slipcover to provide protection against everyday drops and bumps. OtterBox Symmetry Series, Defender Series and Commuter Series for Galaxy Note20 5G and Galaxy Note20 Ultra 5G areavailable now on otterbox.com. About OtterBox:OtterBox innovates bold products that deliver confidence and trust in any pursuit. From its humble beginnings with a drybox in a Fort Collins, Colo., garage, OtterBox has honed and leveraged its expertise in manufacturing and design to become the No. 1-selling smartphone case brand in the U.S. and a leader in rugged outdoor lifestyle products.1At the center of every OtterBox innovation is a deeper goal to effect positive, lasting change. In partnership with the OtterCares Foundation, OtterBox grows to give back by inspiring kids to change the world through entrepreneurship and philanthropy. To learn more about this mission, visit otterbox.com/givingback.For more information, visit https://www.otterbox.com/.1 Source: The NPD Group/Retail Tracking Service: Cell Phone Device Protection / Units Sold / January 2016 July 20192Symmetry Series, Defender Series, Defender Series Pro, Commuter Series, are NOT protective against water. Will provide added protection against drops and shock. 3Helps protect case exterior against many common bacteria. It does not protect you or the screen. Buildup of dirt or debris may decrease effectiveness.SOURCE OtterBox Related Links www.otterbox.com
Answer:
|
OtterBox Introduces Cases for Galaxy Note20 5G and Galaxy Note20 Ultra 5G
|
FORT COLLINS, Colo., Aug. 5, 2020 /PRNewswire/ -- Samsung Galaxy Note20 5G and Galaxy Note20 Ultra 5G keep you connected to everyone in your world. OtterBox, the No. 1-selling smartphone case brand in the U.S., protects your Galaxy with Symmetry Series, Defender Series and Commuter Series cases, available now at otterbox.com.1/2 OtterBox protects your Galaxy with Symmetry Series, Defender Series and Commuter Series cases. "Our phones are essential to connecting with the people that matter most," said OtterBox CEO Jim Parke. "Whether you're taking a much needed road trip, conquering the world from your home office or video chatting with family, OtterBox cases are the perfect complement to the new Galaxy Note20 5G and Galaxy Note20 Ultra 5G." Symmetry Seriesoffers sleek protection for Galaxy Note20 5G and Galaxy Note20 Ultra 5G. With clear and color options, Symmetry Series is ready for park picnics or daily at-home activities and features a slim profile that is easily pocketable. Go anywhere with rugged protection from Defender Series. Built with multilayer protection, Defender Series protects against the most extreme drops and bumps. Defender Series Pro offers an extra later of defense with lasting antimicrobial technology that helps protect the case exterior against many common bacteria, as well as drops and scrapes.3Commuter Series alsonow features antimicrobial technology to ensure the surface of the phone is protected against many common bacteria.3 Commuter Series features a hard outer shell and soft slipcover to provide protection against everyday drops and bumps. OtterBox Symmetry Series, Defender Series and Commuter Series for Galaxy Note20 5G and Galaxy Note20 Ultra 5G areavailable now on otterbox.com. About OtterBox:OtterBox innovates bold products that deliver confidence and trust in any pursuit. From its humble beginnings with a drybox in a Fort Collins, Colo., garage, OtterBox has honed and leveraged its expertise in manufacturing and design to become the No. 1-selling smartphone case brand in the U.S. and a leader in rugged outdoor lifestyle products.1At the center of every OtterBox innovation is a deeper goal to effect positive, lasting change. In partnership with the OtterCares Foundation, OtterBox grows to give back by inspiring kids to change the world through entrepreneurship and philanthropy. To learn more about this mission, visit otterbox.com/givingback.For more information, visit https://www.otterbox.com/.1 Source: The NPD Group/Retail Tracking Service: Cell Phone Device Protection / Units Sold / January 2016 July 20192Symmetry Series, Defender Series, Defender Series Pro, Commuter Series, are NOT protective against water. Will provide added protection against drops and shock. 3Helps protect case exterior against many common bacteria. It does not protect you or the screen. Buildup of dirt or debris may decrease effectiveness.SOURCE OtterBox Related Links www.otterbox.com
|
edtsum3993
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DUBLIN, Dec. 18, 2020 /PRNewswire/ -- The "Solar Generators - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to the 9th edition of this report. The 301-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Global Solar Generators Market to Reach $563 Million by 2027Amid the COVID-19 crisis, the global market for Solar Generators estimated at US$404.1 Million in the year 2020, is projected to reach a revised size of US$563 Million by 2027, growing at a CAGR of 4.9% over the period 2020-2027. Off-Grid, one of the segments analyzed in the report, is projected to record 4.4% CAGR and reach US$323.5 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the On-Grid segment is readjusted to a revised 5.4% CAGR for the next 7-year period.The U.S. Market is Estimated at $109.6 Million, While China is Forecast to Grow at 7.5% CAGRThe Solar Generators market in the U.S. is estimated at US$109.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$114.4 Million by the year 2027 trailing a CAGR of 7.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR. Competitors identified in this market include, among others: Alternative Energy, Inc. BioLite Inc. Goal Zero LLC Hollandia Solar Powerenz Inc. Shanghai Sunvis New Energy Co., Ltd. (Sunvis Solar) SolaRover, Inc. SolSolutions LLC Voltaic Systems Key Topics Covered: I. INTRODUCTION, METHODOLOGY & REPORT SCOPEII. EXECUTIVE SUMMARY1. MARKET OVERVIEW Global Competitor Market Shares Solar Generator Competitor Market Share Scenario Worldwide (in %): 2019 & 2025 Impact of Covid-19 and a Looming Global Recession 2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSISIV. COMPETITION Total Companies Profiled: 64 For more information about this report visit https://www.researchandmarkets.com/r/wmkxqm Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1904 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com
Answer:
|
Global Solar Generators Industry (2020 to 2027) - Market Trends and Drivers
|
DUBLIN, Dec. 18, 2020 /PRNewswire/ -- The "Solar Generators - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to the 9th edition of this report. The 301-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Global Solar Generators Market to Reach $563 Million by 2027Amid the COVID-19 crisis, the global market for Solar Generators estimated at US$404.1 Million in the year 2020, is projected to reach a revised size of US$563 Million by 2027, growing at a CAGR of 4.9% over the period 2020-2027. Off-Grid, one of the segments analyzed in the report, is projected to record 4.4% CAGR and reach US$323.5 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the On-Grid segment is readjusted to a revised 5.4% CAGR for the next 7-year period.The U.S. Market is Estimated at $109.6 Million, While China is Forecast to Grow at 7.5% CAGRThe Solar Generators market in the U.S. is estimated at US$109.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$114.4 Million by the year 2027 trailing a CAGR of 7.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR. Competitors identified in this market include, among others: Alternative Energy, Inc. BioLite Inc. Goal Zero LLC Hollandia Solar Powerenz Inc. Shanghai Sunvis New Energy Co., Ltd. (Sunvis Solar) SolaRover, Inc. SolSolutions LLC Voltaic Systems Key Topics Covered: I. INTRODUCTION, METHODOLOGY & REPORT SCOPEII. EXECUTIVE SUMMARY1. MARKET OVERVIEW Global Competitor Market Shares Solar Generator Competitor Market Share Scenario Worldwide (in %): 2019 & 2025 Impact of Covid-19 and a Looming Global Recession 2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSISIV. COMPETITION Total Companies Profiled: 64 For more information about this report visit https://www.researchandmarkets.com/r/wmkxqm Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1904 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com
|
edtsum4006
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DUBLIN--(BUSINESS WIRE)--The "Tankless Water Heater - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to the 5th edition of this report. The 370-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed. Global Tankless Water Heater Market to Reach $10.2 Billion by 2027 Amid the COVID-19 crisis, the global market for Tankless Water Heater estimated at US$6.8 Billion in the year 2020, is projected to reach a revised size of US$10.2 Billion by 2027, growing at a CAGR of 5.8% over the period 2020-2027. Condensing, one of the segments analyzed in the report, is projected to record 6.5% CAGR and reach US$7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Condensing segment is readjusted to a revised 4.4% CAGR for the next 7-year period. The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 9.1% CAGR The Tankless Water Heater market in the U.S. is estimated at US$1.9 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2027 trailing a CAGR of 9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR. Competitors identified in this market include, among others: Key Topics Covered: I. INTRODUCTION, METHODOLOGY & REPORT SCOPE II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW 2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS 4. GLOBAL MARKET PERSPECTIVE III. MARKET ANALYSIS IV. COMPETITION For more information about this report visit https://www.researchandmarkets.com/r/2i72um
Answer:
|
$6.8 Billion Worldwide Tankless Water Heater Industry to 2027 - Impact of COVID-19 - ResearchAndMarkets.com
|
DUBLIN--(BUSINESS WIRE)--The "Tankless Water Heater - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to the 5th edition of this report. The 370-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed. Global Tankless Water Heater Market to Reach $10.2 Billion by 2027 Amid the COVID-19 crisis, the global market for Tankless Water Heater estimated at US$6.8 Billion in the year 2020, is projected to reach a revised size of US$10.2 Billion by 2027, growing at a CAGR of 5.8% over the period 2020-2027. Condensing, one of the segments analyzed in the report, is projected to record 6.5% CAGR and reach US$7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Condensing segment is readjusted to a revised 4.4% CAGR for the next 7-year period. The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 9.1% CAGR The Tankless Water Heater market in the U.S. is estimated at US$1.9 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2027 trailing a CAGR of 9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR. Competitors identified in this market include, among others: Key Topics Covered: I. INTRODUCTION, METHODOLOGY & REPORT SCOPE II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW 2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS 4. GLOBAL MARKET PERSPECTIVE III. MARKET ANALYSIS IV. COMPETITION For more information about this report visit https://www.researchandmarkets.com/r/2i72um
|
edtsum4007
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: ARLINGTON, Va., June 8, 2020 /PRNewswire/ -- Today, March of Dimes announces three young investigators as recipients of the 2020 Basil O'Connor Starter Scholar Research Awards: Dr. Ripla Arora from Michigan State University, Dr. Corina Lesseur from Icahn School of Medicine at Mount Sinai and Dr. Jamie Lo from Oregon Health & Science University. The annual award supports early-career scientists embarking on independent research careers who are committed to fighting for the health of all moms and babies. Named for the first March of Dimes chairman and president, the award carries a $150,000 grant and is part ofthe nonprofit's efforts to promote actionable science that turns observations from the laboratory into interventions that support healthy moms and strong babies. "We are delighted to recognize these outstanding investigators with this year's Basil O'Connor Starter Scholar Research Awards.Their important research will advance our understanding of serious medical conditions that impact maternal and infant health and take us one step closer to finding clinical treatments," said Dr. Rahul Gupta, Senior Vice President, Chief Medical and Health Officer and Interim Chief Scientific Officer at March of Dimes. "Research like this is the backbone of March of Dimes' work to help every mom have a healthy pregnancy and give every baby the best possible start." Each investigator's research represents a different area of pregnancy outcomes: Dr. Arora's research will evaluate how non-steroidal anti-inflammatory drugs influence pregnancy outcomesand 3D patterning. Dr. Arora is an Assistant Professor in the Department of Obstetrics, Gynecology and Reproductive Biology, College of Human Medicine at Michigan State and a member of the Institute for Qualitative Health Science and Engineering. Dr. Lesseur's research will characterize the effects of genetics and gestational diabetes on the placental DNA methylome in the Pacific Islander community. Dr. Lesseur is a Postdoctoral Fellow in Environmental Medicine and Public Healthat Mount Sinai. Dr. Lo's research will concentrate on the effects of chronic prenatal and postnatal marijuana exposure on infant sociobehavioral and neurodevelopmental outcomes. Dr. Lo is an Assistant Professor in the department of Obstetrics and Gynecology, Oregon Health & Science University School of Medicine, and is a March of Dimes sponsored fellow in the Reproductive Scientist Development Program. The Basil O'Connor Starter Scholar Research Awards is an early career grant to young investigators who are embarking on an independent research career. Candidates are assessed on their academic background, the strength of the proposal and its clinical relevance to March of Dimes priorities. Find more information about the 2020 Basil O'Connor Program here. About March of Dimes March of Dimes leads the fight for the health of all moms and babies. We support research, lead programs and provide education and advocacy so that every baby can have the best possible start. Building on a successful 80-year legacy of impact and innovation, we empower every mom and every family. Visitmarchofdimes.orgornacersano.orgfor more information. Visit shareyourstory.orgfor comfort and support. Find us onFacebookand follow us on InstagramandTwitter. SOURCE March of Dimes Related Links http://www.marchofdimes.org
Answer:
|
March of Dimes Names Recipients of 2020 Basil O'Connor Starter Scholar Research Awards
|
ARLINGTON, Va., June 8, 2020 /PRNewswire/ -- Today, March of Dimes announces three young investigators as recipients of the 2020 Basil O'Connor Starter Scholar Research Awards: Dr. Ripla Arora from Michigan State University, Dr. Corina Lesseur from Icahn School of Medicine at Mount Sinai and Dr. Jamie Lo from Oregon Health & Science University. The annual award supports early-career scientists embarking on independent research careers who are committed to fighting for the health of all moms and babies. Named for the first March of Dimes chairman and president, the award carries a $150,000 grant and is part ofthe nonprofit's efforts to promote actionable science that turns observations from the laboratory into interventions that support healthy moms and strong babies. "We are delighted to recognize these outstanding investigators with this year's Basil O'Connor Starter Scholar Research Awards.Their important research will advance our understanding of serious medical conditions that impact maternal and infant health and take us one step closer to finding clinical treatments," said Dr. Rahul Gupta, Senior Vice President, Chief Medical and Health Officer and Interim Chief Scientific Officer at March of Dimes. "Research like this is the backbone of March of Dimes' work to help every mom have a healthy pregnancy and give every baby the best possible start." Each investigator's research represents a different area of pregnancy outcomes: Dr. Arora's research will evaluate how non-steroidal anti-inflammatory drugs influence pregnancy outcomesand 3D patterning. Dr. Arora is an Assistant Professor in the Department of Obstetrics, Gynecology and Reproductive Biology, College of Human Medicine at Michigan State and a member of the Institute for Qualitative Health Science and Engineering. Dr. Lesseur's research will characterize the effects of genetics and gestational diabetes on the placental DNA methylome in the Pacific Islander community. Dr. Lesseur is a Postdoctoral Fellow in Environmental Medicine and Public Healthat Mount Sinai. Dr. Lo's research will concentrate on the effects of chronic prenatal and postnatal marijuana exposure on infant sociobehavioral and neurodevelopmental outcomes. Dr. Lo is an Assistant Professor in the department of Obstetrics and Gynecology, Oregon Health & Science University School of Medicine, and is a March of Dimes sponsored fellow in the Reproductive Scientist Development Program. The Basil O'Connor Starter Scholar Research Awards is an early career grant to young investigators who are embarking on an independent research career. Candidates are assessed on their academic background, the strength of the proposal and its clinical relevance to March of Dimes priorities. Find more information about the 2020 Basil O'Connor Program here. About March of Dimes March of Dimes leads the fight for the health of all moms and babies. We support research, lead programs and provide education and advocacy so that every baby can have the best possible start. Building on a successful 80-year legacy of impact and innovation, we empower every mom and every family. Visitmarchofdimes.orgornacersano.orgfor more information. Visit shareyourstory.orgfor comfort and support. Find us onFacebookand follow us on InstagramandTwitter. SOURCE March of Dimes Related Links http://www.marchofdimes.org
|
edtsum4013
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today announced a 2021 second-quarter dividend on its Preferred Stock Series B of $0.4828722 per share. The company also announced a 2021 second-quarter dividend on its common stock of $0.03 per share. Both common stock and preferred stock dividends will be paid on June 15, 2021, to the respective stockholders of record at the close of business on June 4, 2021. Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America. Category: Corporate and Financial
Answer:
|
Sallie Mae Declares Dividends on Preferred Stock Series B and Common Stock
|
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today announced a 2021 second-quarter dividend on its Preferred Stock Series B of $0.4828722 per share. The company also announced a 2021 second-quarter dividend on its common stock of $0.03 per share. Both common stock and preferred stock dividends will be paid on June 15, 2021, to the respective stockholders of record at the close of business on June 4, 2021. Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America. Category: Corporate and Financial
|
edtsum4025
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, June 12, 2020 /PRNewswire/ --Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action has been filed on behalf of investors that purchased or acquired the securities of Carnival Corporation ("Carnival" or the "Company") (NYSE:CCL) between January 28, 2020 and May 1, 2020 (the "Class Period"). The lawsuit filed in the United States District Court for the Southern District of Florida alleges violations of the Securities Exchange Act of 1934. If you purchased Carnival securities, and/or would like to discuss your legal rights and options please visit Carnival Shareholder Class Action or contact Matthew E. Guarnero toll free at (877) 779-1414 or [emailprotected]. The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose: (1) the Company's medics reported increasing events of COVID-19 illness on the Company's ships; (2) Carnival had violated port of call regulations by concealing the amount and severity of COVID-19 infections onboard its ships; (3) in responding to the outbreak of COVID-19, Carnival failed to follow the Company's health and safety protocols developed in the wake of other communicable disease outbreaks; (4) by continuing to operate, Carnival ships were responsible for continuing to spread COVID-19 at various ports throughout the world; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis. On April 16, 2020, when the Company still had at sea two (2) of its cruise ships, Bloomberg Businessweek published an article titled "Carnival Executives Knew They Had a Virus Problem, But Kept the Party Going." In that article, it was revealed that Carnival may have failed to adequately protect passengers from COVID-19 on a series of cruise voyages, and indeed continued to operate new cruise departures despite its knowledge that the threat posed by COVID-19 had materialized on its ships and was likely to proliferate further. On this news, the Company's share price fell $0.53 per share from a prior close of $12.38 per share to close at $11.85 per share on April 16, 2020. Then, on May 1, 2020, The Wall Street Journal published an article titled "Cruise Ships Set Sail Knowing the Deadly Risk to Passengers and Crew." That article detailed how cruise ships, particularly Carnival ships, facilitated the spread of COVID-19, and provided new facts on early warning signs Carnival and its affiliated cruise lines possessed and the Company's disclosure failures. Further, the article also noted that The House Committee on Transportation and Infrastructure had requested documents from Carnival related "to Covid-19 or other infectious disease outbreaks aboard cruise ships" and that testimony from a separate investigation in Australia revealed that Carnival and its affiliated cruise lines may have misled shore officials by concealing those exhibiting COVID-19 symptoms before docking. On this news, the Company's share price fell $1.97 per share from a prior close of $15.90 per share to close at $13.93 per share on May 1, 2020. If you purchased Carnival securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/carnivalcorporation-ccl-shareholder-class-action-lawsuit-stock-fraud-274/apply/ contact Matthew E. Guarnero toll free at (877) 779-1414 or [emailprotected]. If you wish to serve as lead plaintiff, you must move the Court no later than July 27, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member. Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named toThe National Law Journal's"Plaintiffs' Hot List" thirteen times and listed inThe Legal 500for ten consecutive years. ATTORNEY ADVERTISING. 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.Prior results do not guarantee or predict a similar outcome with respect to any future matter. Contact InformationMatthew E. GuarneroBernstein Liebhard LLPhttps://www.bernlieb.com(877) 779-1414[emailprotected] SOURCE Bernstein Liebhard LLP Related Links http://www.bernlieb.com
Answer:
|
CCL INVESTOR FILING DEADLINE: Bernstein Liebhard Reminds Investors of the Lead Plaintiff Motion Filing Deadline in a Securities Class Action Lawsuit Filed Against Carnival Corporation
|
NEW YORK, June 12, 2020 /PRNewswire/ --Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action has been filed on behalf of investors that purchased or acquired the securities of Carnival Corporation ("Carnival" or the "Company") (NYSE:CCL) between January 28, 2020 and May 1, 2020 (the "Class Period"). The lawsuit filed in the United States District Court for the Southern District of Florida alleges violations of the Securities Exchange Act of 1934. If you purchased Carnival securities, and/or would like to discuss your legal rights and options please visit Carnival Shareholder Class Action or contact Matthew E. Guarnero toll free at (877) 779-1414 or [emailprotected]. The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose: (1) the Company's medics reported increasing events of COVID-19 illness on the Company's ships; (2) Carnival had violated port of call regulations by concealing the amount and severity of COVID-19 infections onboard its ships; (3) in responding to the outbreak of COVID-19, Carnival failed to follow the Company's health and safety protocols developed in the wake of other communicable disease outbreaks; (4) by continuing to operate, Carnival ships were responsible for continuing to spread COVID-19 at various ports throughout the world; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis. On April 16, 2020, when the Company still had at sea two (2) of its cruise ships, Bloomberg Businessweek published an article titled "Carnival Executives Knew They Had a Virus Problem, But Kept the Party Going." In that article, it was revealed that Carnival may have failed to adequately protect passengers from COVID-19 on a series of cruise voyages, and indeed continued to operate new cruise departures despite its knowledge that the threat posed by COVID-19 had materialized on its ships and was likely to proliferate further. On this news, the Company's share price fell $0.53 per share from a prior close of $12.38 per share to close at $11.85 per share on April 16, 2020. Then, on May 1, 2020, The Wall Street Journal published an article titled "Cruise Ships Set Sail Knowing the Deadly Risk to Passengers and Crew." That article detailed how cruise ships, particularly Carnival ships, facilitated the spread of COVID-19, and provided new facts on early warning signs Carnival and its affiliated cruise lines possessed and the Company's disclosure failures. Further, the article also noted that The House Committee on Transportation and Infrastructure had requested documents from Carnival related "to Covid-19 or other infectious disease outbreaks aboard cruise ships" and that testimony from a separate investigation in Australia revealed that Carnival and its affiliated cruise lines may have misled shore officials by concealing those exhibiting COVID-19 symptoms before docking. On this news, the Company's share price fell $1.97 per share from a prior close of $15.90 per share to close at $13.93 per share on May 1, 2020. If you purchased Carnival securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/carnivalcorporation-ccl-shareholder-class-action-lawsuit-stock-fraud-274/apply/ contact Matthew E. Guarnero toll free at (877) 779-1414 or [emailprotected]. If you wish to serve as lead plaintiff, you must move the Court no later than July 27, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member. Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named toThe National Law Journal's"Plaintiffs' Hot List" thirteen times and listed inThe Legal 500for ten consecutive years. ATTORNEY ADVERTISING. 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.Prior results do not guarantee or predict a similar outcome with respect to any future matter. Contact InformationMatthew E. GuarneroBernstein Liebhard LLPhttps://www.bernlieb.com(877) 779-1414[emailprotected] SOURCE Bernstein Liebhard LLP Related Links http://www.bernlieb.com
|
edtsum4034
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: GAITHERSBURG, Md. and HOOD RIVER, Ore., April 7, 2021 /PRNewswire/ -- Edgybees, a leading provider ofreal-time geo-registration and visual augmentation software for aerial video, and HoodTech, apremier provider of air-borne imaging and related services, today announced they are collaborating to enhance situational awareness, using the powerful combination of Edgybees' breakthrough softwareand HoodTech's state-of-the-art sensors. Continue Reading HT Aero Composite 01 With this partnership, Edgybees and HoodTech deliver a first-of-its-kind solution, empoweringusers of aerial imagery to accurately geolocate operational scenes in real-time, using both Electro-Optical (EO) and Infra-Red (IR) day/night payloads.With accurate geolocation achieved, situational awareness is increased with the overlay of any number of GIS-based data. "Full situational awareness is crucial to making decisions during public safety, defense and rescuemissions. This is even more true during night missions, where Edgybees' capability to also geo-register IR imagery in real-time comes into play," stated Adam Kaplan, co-founder and CEO of Edgybees. HoodTech's Andy von Flotow, continues, "A challenge faced by users of air-borne imagery is imperfect real-time understanding of the geolocation of the displayed image. The user too-often must cross-reference HoodTech's air-borne imagery with maps and/or other archived imagery. With Edgybees precise georegistration and subsequent overlay of selected map features and labels, users not only have excellent imagery, but also the immediate situational awareness created by the Edgybees annotations.The enhanced situational awareness enables faster decisions."The companies performed flight tests in February 2021 with HoodTech's Mid-Wave EO/IR 3.6payload, clearly demonstrating the ability to enhance a geo-registered live full motion video feed in real time. Edgybees software overlaid visually augmented roads, key landmarks and other data on top of the live video feeds with high accuracy and fine detail. The success of these flights further demonstrated the power of real-time situational awareness to make critical and timely decisions during high urgency missions.About HoodTechHoodTech builds an array of advanced stabilized imaging systems used for air-borne imaging and offers a range of related support services, often employing its fleet of light manned aircraft. Response capabilities include real-time streaming of visual and thermal video that can be fused with operationalinformation and controlled by personnel in the command post or field command locations. For more information, please visit https://www.hoodtechvision.com/About EdgybeesFounded in 2017, Edgybees brings clarity, accuracy, and speed to mission-critical and lifesavingoperations that rely on streamed aerial video for situational awareness. Edgybees' solution combinesadvanced computer vision and machine learning technologies to accurately match airborne video tosatellite reference imagery in real-time. This unique approach enables real-time visual augmentation of the imagery with roads, key landmarks, and other mission-critical data on top of live video feeds via our own platform or by integrating with third-party virtual augmentation solutions. Withhigh-precision geo-registration and near-zero latency, Edgybees makes complex operational environments instantly clear enabling defense, public safety, and critical infrastructure teams to accomplish lifesaving and high-urgency missions quickly and safely. For more information, please visitwww.edgybees.com.Media Contact:Angelique Faul+1 513-633-0897[emailprotected]Andy von FlotowHoodTech+1 541-387-2288[emailprotected]SOURCE Edgybees; HoodTech Related Links https://www.hoodtechvision.com/
Answer:
|
Aerial Video Takes a Big Leap Towards Real-Time Situation Awareness, Powered by Edgybees' Geo-Registration Software and HoodTech's Sensors USA - English USA - English Real-time visual augmentation of airborne imagery with roads, key landmarks, and other mission-critical data
|
GAITHERSBURG, Md. and HOOD RIVER, Ore., April 7, 2021 /PRNewswire/ -- Edgybees, a leading provider ofreal-time geo-registration and visual augmentation software for aerial video, and HoodTech, apremier provider of air-borne imaging and related services, today announced they are collaborating to enhance situational awareness, using the powerful combination of Edgybees' breakthrough softwareand HoodTech's state-of-the-art sensors. Continue Reading HT Aero Composite 01 With this partnership, Edgybees and HoodTech deliver a first-of-its-kind solution, empoweringusers of aerial imagery to accurately geolocate operational scenes in real-time, using both Electro-Optical (EO) and Infra-Red (IR) day/night payloads.With accurate geolocation achieved, situational awareness is increased with the overlay of any number of GIS-based data. "Full situational awareness is crucial to making decisions during public safety, defense and rescuemissions. This is even more true during night missions, where Edgybees' capability to also geo-register IR imagery in real-time comes into play," stated Adam Kaplan, co-founder and CEO of Edgybees. HoodTech's Andy von Flotow, continues, "A challenge faced by users of air-borne imagery is imperfect real-time understanding of the geolocation of the displayed image. The user too-often must cross-reference HoodTech's air-borne imagery with maps and/or other archived imagery. With Edgybees precise georegistration and subsequent overlay of selected map features and labels, users not only have excellent imagery, but also the immediate situational awareness created by the Edgybees annotations.The enhanced situational awareness enables faster decisions."The companies performed flight tests in February 2021 with HoodTech's Mid-Wave EO/IR 3.6payload, clearly demonstrating the ability to enhance a geo-registered live full motion video feed in real time. Edgybees software overlaid visually augmented roads, key landmarks and other data on top of the live video feeds with high accuracy and fine detail. The success of these flights further demonstrated the power of real-time situational awareness to make critical and timely decisions during high urgency missions.About HoodTechHoodTech builds an array of advanced stabilized imaging systems used for air-borne imaging and offers a range of related support services, often employing its fleet of light manned aircraft. Response capabilities include real-time streaming of visual and thermal video that can be fused with operationalinformation and controlled by personnel in the command post or field command locations. For more information, please visit https://www.hoodtechvision.com/About EdgybeesFounded in 2017, Edgybees brings clarity, accuracy, and speed to mission-critical and lifesavingoperations that rely on streamed aerial video for situational awareness. Edgybees' solution combinesadvanced computer vision and machine learning technologies to accurately match airborne video tosatellite reference imagery in real-time. This unique approach enables real-time visual augmentation of the imagery with roads, key landmarks, and other mission-critical data on top of live video feeds via our own platform or by integrating with third-party virtual augmentation solutions. Withhigh-precision geo-registration and near-zero latency, Edgybees makes complex operational environments instantly clear enabling defense, public safety, and critical infrastructure teams to accomplish lifesaving and high-urgency missions quickly and safely. For more information, please visitwww.edgybees.com.Media Contact:Angelique Faul+1 513-633-0897[emailprotected]Andy von FlotowHoodTech+1 541-387-2288[emailprotected]SOURCE Edgybees; HoodTech Related Links https://www.hoodtechvision.com/
|
edtsum4041
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DUBLIN--(BUSINESS WIRE)--The "South Africa Brake Pad Market By Vehicle Type (Passenger Car, Light Commercial Vehicle), By Top 5 Part Numbers, By Company, Competition, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering. The demand for brake pads in the country is arising from both OEM and aftermarket segments due to the presence of light vehicle production facility and expanding fleet of light vehicles in the country. Growing demand for efficient braking system at high speed to minimize the vehicle's stopping distance to increase vehicle safety is also augmenting demand for brake pads. Implementation of technologically advanced smart braking products in light vehicles will also fuel the growth of brake pad market in the country over the course of next five years. The South African Brake Pad Market can be segmented based on vehicle type, by brake pad part number, and by company. In terms of vehicle type, passenger car segment accounted for the largest share in 2019 and the trend is expected to continue in the coming years due to increasing demand for high-speed passenger cars with efficient braking system and expanding passenger car fleet in South Africa. Safeline Brakes, ATE Brakes, Bosch Auto Parts, Alfa Brakes, Hi-Q (Sangsin), and Bendix (MAT Holdings) are some of the major leading players operating in the South African Brake Pad Market. Years considered for this report: Key Topics Covered: 1. Product Overview 2. Research Methodology 3. Analyst View 4. Voice of Customer 5. South Africa Automotive Brake Pad Market Outlook 5.1. Market Size & Forecast 5.1.1. By Value & Volume 5.2. Market Share & Forecast 5.2.1. By Vehicle Type (Passenger Car and Light Commercial Vehicles) 5.2.2. By Company (Top 5 companies and Others) (2019) 5.2.3. Top 5 Part Numbers for Top 5 Companies (2019) 5.3. Car Parc Data 5.4. Passenger Car Service Scenario 5.5. Brake Pad Average Life (in Kms), 2019 6. South Africa Passenger Car Brake Pad Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value & Volume 6.2. Market Share & Forecast 6.2.1. By Company (Top 5 companies and Others) (2019) 6.2.2. Top 5 Part Numbers for Top 5 Companies (2019) 7. South Africa LCV Brake Pad Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value & Volume 7.2. Market Share & Forecast 7.2.1. By Company (Top 5 companies and Others) (2019) 7.2.2. Top 5 Part Numbers for Top 5 Companies (2019) 8. Market Dynamics 8.1. Drivers 8.2. Challenges 9. Market Trends & Developments 10. Competitive Landscape 10.1. Safeline Brakes (G.U.D. Holdings) 10.2. Alfred Teves Brake Systems (Pty) Ltd (Continental AG) 10.3. Robert Bosch (Pty) Ltd 10.4. Alfa Brakes ZA 10.5. MAT Holdings, Inc. (Bendix) 10.6. Tenneco Inc (Ferodo) 10.7. Sangsin Brake Co., Ltd. (HI-Q) 10.8. TRW Ltd Aftermarket (Road House) 10.9. KBX Brakes 10.10. Asimco Global Inc. 11. Strategic Recommendations For more information about this report visit https://www.researchandmarkets.com/r/mog853
Answer:
|
South Africa Brake Pad Market, Competition, Forecast & Opportunities, 2026 - ResearchAndMarkets.com
|
DUBLIN--(BUSINESS WIRE)--The "South Africa Brake Pad Market By Vehicle Type (Passenger Car, Light Commercial Vehicle), By Top 5 Part Numbers, By Company, Competition, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering. The demand for brake pads in the country is arising from both OEM and aftermarket segments due to the presence of light vehicle production facility and expanding fleet of light vehicles in the country. Growing demand for efficient braking system at high speed to minimize the vehicle's stopping distance to increase vehicle safety is also augmenting demand for brake pads. Implementation of technologically advanced smart braking products in light vehicles will also fuel the growth of brake pad market in the country over the course of next five years. The South African Brake Pad Market can be segmented based on vehicle type, by brake pad part number, and by company. In terms of vehicle type, passenger car segment accounted for the largest share in 2019 and the trend is expected to continue in the coming years due to increasing demand for high-speed passenger cars with efficient braking system and expanding passenger car fleet in South Africa. Safeline Brakes, ATE Brakes, Bosch Auto Parts, Alfa Brakes, Hi-Q (Sangsin), and Bendix (MAT Holdings) are some of the major leading players operating in the South African Brake Pad Market. Years considered for this report: Key Topics Covered: 1. Product Overview 2. Research Methodology 3. Analyst View 4. Voice of Customer 5. South Africa Automotive Brake Pad Market Outlook 5.1. Market Size & Forecast 5.1.1. By Value & Volume 5.2. Market Share & Forecast 5.2.1. By Vehicle Type (Passenger Car and Light Commercial Vehicles) 5.2.2. By Company (Top 5 companies and Others) (2019) 5.2.3. Top 5 Part Numbers for Top 5 Companies (2019) 5.3. Car Parc Data 5.4. Passenger Car Service Scenario 5.5. Brake Pad Average Life (in Kms), 2019 6. South Africa Passenger Car Brake Pad Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value & Volume 6.2. Market Share & Forecast 6.2.1. By Company (Top 5 companies and Others) (2019) 6.2.2. Top 5 Part Numbers for Top 5 Companies (2019) 7. South Africa LCV Brake Pad Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value & Volume 7.2. Market Share & Forecast 7.2.1. By Company (Top 5 companies and Others) (2019) 7.2.2. Top 5 Part Numbers for Top 5 Companies (2019) 8. Market Dynamics 8.1. Drivers 8.2. Challenges 9. Market Trends & Developments 10. Competitive Landscape 10.1. Safeline Brakes (G.U.D. Holdings) 10.2. Alfred Teves Brake Systems (Pty) Ltd (Continental AG) 10.3. Robert Bosch (Pty) Ltd 10.4. Alfa Brakes ZA 10.5. MAT Holdings, Inc. (Bendix) 10.6. Tenneco Inc (Ferodo) 10.7. Sangsin Brake Co., Ltd. (HI-Q) 10.8. TRW Ltd Aftermarket (Road House) 10.9. KBX Brakes 10.10. Asimco Global Inc. 11. Strategic Recommendations For more information about this report visit https://www.researchandmarkets.com/r/mog853
|
edtsum4056
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: PARIS--(BUSINESS WIRE)--Horizon Investment Holdings S. r.l ( HIH ), controlling shareholder of Verallia (ISIN FR0013447729 Euronext Paris), itself indirectly owned by an investment fund managed by affiliates of Apollo Global Management, Inc., announces the signature today of a share purchase agreement under which HIH agreed to sell 12,327,282 shares representing approximately 10% of the share capital of Verallia to a fund managed by BW Gesto de Investimentos Ltda ( BWGI ), an existing shareholder of Verallia. The total consideration payable upon completion is approximately 345 million and completion will occur within 5 business days as from the date of signing. On the completion date, Claudia Scarico, representative of HIH at the Board of Directors of Verallia, will resign from her duties. HIH undertook to support the appointment of a new member of the Board of Directors, proposed by BWGI.
Answer:
|
Sale of a Block of Shares by the Controlling Shareholder of Verallia
|
PARIS--(BUSINESS WIRE)--Horizon Investment Holdings S. r.l ( HIH ), controlling shareholder of Verallia (ISIN FR0013447729 Euronext Paris), itself indirectly owned by an investment fund managed by affiliates of Apollo Global Management, Inc., announces the signature today of a share purchase agreement under which HIH agreed to sell 12,327,282 shares representing approximately 10% of the share capital of Verallia to a fund managed by BW Gesto de Investimentos Ltda ( BWGI ), an existing shareholder of Verallia. The total consideration payable upon completion is approximately 345 million and completion will occur within 5 business days as from the date of signing. On the completion date, Claudia Scarico, representative of HIH at the Board of Directors of Verallia, will resign from her duties. HIH undertook to support the appointment of a new member of the Board of Directors, proposed by BWGI.
|
edtsum4062
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: ELMIRA, ON, Feb. 4, 2021 /PRNewswire/ -- Riverdale Poultry, a leading poultry transportation and logistics company based in Canada, has leveraged itopia to equip its distributed workforce with remote access to Windows applications, hosted on Google Cloud. As the poultry transportation company has grown significantly in recent years, it needed a new VDI solution that could better accommodate the computing needs of its expanding workforce and enable centralized management, also leveraging Google Cloud's high-speed network for a further performance boost. "itopia alleviated our latency issues. We saw a 10x speed increase in some of the applications that we're using," said Zach Lucier, Director of Data Analytics & Infrastructure for Riverdale Poultry. "itopia puts a box around the problem for you and says 'here's your RDS deployment that you can tweak in a way that best suits your business.'" Riverdale Poultry had previously used a VPN to grant employees remote access to the company's servers. The VPN's performance and reliability slowed as the growing business added new hires to its network and as users moved to remote work due to COVID-19. In the search for a cloud solution, itopia gained traction over competitors thanks to its IT automation driving significant cost savings and secure access to Google Cloud's global network. The itopia solution ensures employees have the fastest connection possible when remotely accessing accounting software and Microsoft Office 365 from any device. "It's an honor to support the expansion of a data-driven industry leader that has helped keep people fed amid the global pandemic," said itopia CEO Jon Lieberman. "Companies like Riverdale Poultry are increasingly leveraging cloud-native platforms like itopia for easily managing a distributed workforce." Mr. Lucier noted itopia's automation capabilities, remarking, "itopia not only informs you but also spins up the exact VMs needed, and then wires them up accordingly. That would not have been something I could do myself without a lot of investment and reading through Microsoft help documents for many hours." With itopia's pay-as-you-go model on Google Cloud, the company avoided expensive, upfront hardware costs for on-premises VDI upgrades. As Riverdale Poultry continues to grow, its IT staff can rapidly scale up computing resources from itopia's management console to accommodate new employees. "Enabling secure, remote access to workplace tools and applications is more important than ever," said Manvinder Singh, Director, Partnerships at Google Cloud. "We're proud of the work partners like itopia are doing to help our customers with their evolving business needs, and we look forward to our continued partnership to support customers on Google Cloud." About Riverdale PoultryRiverdale Poultry is the leading live poultry transport and catching service provider in Ontario. We exist to feed the country a purpose we've been proud of for 65+ years. We deliver a critical service to major poultry processors, and we believe in 4 core principles: "Get it Done Right" We get the job done. The right way. Probably the hard way. "Learn to Improve" We've always focused on perfecting our craft. Each day is an opportunity to learn and push the yardstick. "Accountability to All" We're accountable to all stakeholders our team, customers, growers, animals, industry partners, and our communities. "Succeed and Have Fun!" We do whatever it takes to win, but never compromise safety, animal welfare, integrity, or our values. About itopiaAs enterprises seek to simplify their digital transformation, itopia automates and orchestrates infrastructure on Google Cloud, enabling enterprises to shed IT burdens and focus on what they do best. itopia's core offerings include accelerating VDI workload migration to cloud-native Desktop as a Service (DaaS), eliminating costly & complex infrastructure overhead from vendors like Citrix or VMware, and providing a unified, end-to-end lifecycle management console for securely delivering Windows virtual desktops & apps to global, distributed workforces. For more information, please contact: itopiaAlex Shapero949-910-1628[emailprotected] www.itopia.com SOURCE itopia
Answer:
|
Riverdale Poultry expands its distributed workforce with itopia's turnkey cloud VDI solution
|
ELMIRA, ON, Feb. 4, 2021 /PRNewswire/ -- Riverdale Poultry, a leading poultry transportation and logistics company based in Canada, has leveraged itopia to equip its distributed workforce with remote access to Windows applications, hosted on Google Cloud. As the poultry transportation company has grown significantly in recent years, it needed a new VDI solution that could better accommodate the computing needs of its expanding workforce and enable centralized management, also leveraging Google Cloud's high-speed network for a further performance boost. "itopia alleviated our latency issues. We saw a 10x speed increase in some of the applications that we're using," said Zach Lucier, Director of Data Analytics & Infrastructure for Riverdale Poultry. "itopia puts a box around the problem for you and says 'here's your RDS deployment that you can tweak in a way that best suits your business.'" Riverdale Poultry had previously used a VPN to grant employees remote access to the company's servers. The VPN's performance and reliability slowed as the growing business added new hires to its network and as users moved to remote work due to COVID-19. In the search for a cloud solution, itopia gained traction over competitors thanks to its IT automation driving significant cost savings and secure access to Google Cloud's global network. The itopia solution ensures employees have the fastest connection possible when remotely accessing accounting software and Microsoft Office 365 from any device. "It's an honor to support the expansion of a data-driven industry leader that has helped keep people fed amid the global pandemic," said itopia CEO Jon Lieberman. "Companies like Riverdale Poultry are increasingly leveraging cloud-native platforms like itopia for easily managing a distributed workforce." Mr. Lucier noted itopia's automation capabilities, remarking, "itopia not only informs you but also spins up the exact VMs needed, and then wires them up accordingly. That would not have been something I could do myself without a lot of investment and reading through Microsoft help documents for many hours." With itopia's pay-as-you-go model on Google Cloud, the company avoided expensive, upfront hardware costs for on-premises VDI upgrades. As Riverdale Poultry continues to grow, its IT staff can rapidly scale up computing resources from itopia's management console to accommodate new employees. "Enabling secure, remote access to workplace tools and applications is more important than ever," said Manvinder Singh, Director, Partnerships at Google Cloud. "We're proud of the work partners like itopia are doing to help our customers with their evolving business needs, and we look forward to our continued partnership to support customers on Google Cloud." About Riverdale PoultryRiverdale Poultry is the leading live poultry transport and catching service provider in Ontario. We exist to feed the country a purpose we've been proud of for 65+ years. We deliver a critical service to major poultry processors, and we believe in 4 core principles: "Get it Done Right" We get the job done. The right way. Probably the hard way. "Learn to Improve" We've always focused on perfecting our craft. Each day is an opportunity to learn and push the yardstick. "Accountability to All" We're accountable to all stakeholders our team, customers, growers, animals, industry partners, and our communities. "Succeed and Have Fun!" We do whatever it takes to win, but never compromise safety, animal welfare, integrity, or our values. About itopiaAs enterprises seek to simplify their digital transformation, itopia automates and orchestrates infrastructure on Google Cloud, enabling enterprises to shed IT burdens and focus on what they do best. itopia's core offerings include accelerating VDI workload migration to cloud-native Desktop as a Service (DaaS), eliminating costly & complex infrastructure overhead from vendors like Citrix or VMware, and providing a unified, end-to-end lifecycle management console for securely delivering Windows virtual desktops & apps to global, distributed workforces. For more information, please contact: itopiaAlex Shapero949-910-1628[emailprotected] www.itopia.com SOURCE itopia
|
edtsum4063
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: HARTFORD, Conn., March 24, 2020 /PRNewswire/ -- The Duff & Phelps Select MLP and Midstream Energy Fund Inc.(NYSE: DSE), a closed-end fund managed by Duff & Phelps Investment Management Co., announced today that it will redeem all outstanding shares of the Series A and Series B Preferred Shares (CUSIP Nos. 26433F2#4 and 26433F3#3), effective March 31, 2020 (the redemption date). This announcement supersedes the fund's announcement on March 11, 2020, regarding redemption of Series B Preferred Shares only. The shares will be redeemed at a price equal to $25.00 per share (the liquidation preference), plus cash dividends accumulated but unpaid as of the redemption date. The fund reached an agreement with the holders of its Series A and B preferred shares to accelerate the payment on Series B Preferred Shares as well as redeem all of the Series A Preferred Shares in exchange for their agreeing to forego their right to receive an additional payment of up to 2% of the liquidation preference. The elimination of the additional payments, combined with the redemption of the preferred shares, will result in reduced costs for the fund's common shareholders. Upon the redemption, the preferred shares will no longer be deemed outstanding, dividends will cease to accumulate, and all the rights of the shareholders with respect to all of the fund's preferred shares will cease. About the FundThe Duff & Phelps Select MLP and Midstream Energy Fund Inc.is a closed-end fund that seeks to provide shareholders with a high level of total return resulting from a combination of current tax-deferred distributions and capital appreciation by investing primarily in publicly traded master limited partnerships ("MLPs") in the energy sector and other midstream energy companies that are not organized as MLPs. For information, contact shareholder services at (866) 270-7788, by email at [emailprotected], or visit the DSE website. About Duff & Phelps Investment ManagementDuff & Phelps Investment Management Co., the investment subadviser of the fund, has more than 35 years of experience managing investment portfolios, including institutional separate accounts and open- and closed-end funds investing in utilities, master limited partnerships (MLPs), infrastructure, and real estate investment trusts (REITs). For more information visit www.dpimc.com. Fund RisksAn investment in a fund is subject to risk, including the risk of possible loss of principal. A fund's shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a discount to their net asset value. For more information about the fund's investment objective and risks, please see the fund's annual report. A copy of the fund's most recent annual report may be obtained free of charge by contacting "Shareholder Services" as set forth at the end of this press release. Forward-Looking Information This press release contains statements that are, or may be considered to be, forward-looking statements. All statements that are not historical facts, including statements about beliefs or expectations, are "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements may be identified by such forward-looking terminology as "expect," "estimate," "plan," "intend," "believe," "anticipate," "may," "will," "should," "could," "continue," "project," or similar statements or variations of such terms. Forward-looking statements are based on a series of expectations, assumptions, and projections; are not guarantees of future results or performance; and may involve risks and uncertainty. All forward-looking statements are as of the date of this release only; the fund undertakes no obligation to update or review any forward-looking statements. The fund can give no assurance that such expectations or forward-looking statements will prove to be correct. Actual results may differ materially. You are urged to carefully consider all such factors. SOURCE Duff & Phelps Select MLP and Midstream Energy Fund Inc.
Answer:
|
Duff & Phelps Select MLP and Midstream Energy Fund Inc. To Redeem All Mandatory Redeemable Preferred Shares
|
HARTFORD, Conn., March 24, 2020 /PRNewswire/ -- The Duff & Phelps Select MLP and Midstream Energy Fund Inc.(NYSE: DSE), a closed-end fund managed by Duff & Phelps Investment Management Co., announced today that it will redeem all outstanding shares of the Series A and Series B Preferred Shares (CUSIP Nos. 26433F2#4 and 26433F3#3), effective March 31, 2020 (the redemption date). This announcement supersedes the fund's announcement on March 11, 2020, regarding redemption of Series B Preferred Shares only. The shares will be redeemed at a price equal to $25.00 per share (the liquidation preference), plus cash dividends accumulated but unpaid as of the redemption date. The fund reached an agreement with the holders of its Series A and B preferred shares to accelerate the payment on Series B Preferred Shares as well as redeem all of the Series A Preferred Shares in exchange for their agreeing to forego their right to receive an additional payment of up to 2% of the liquidation preference. The elimination of the additional payments, combined with the redemption of the preferred shares, will result in reduced costs for the fund's common shareholders. Upon the redemption, the preferred shares will no longer be deemed outstanding, dividends will cease to accumulate, and all the rights of the shareholders with respect to all of the fund's preferred shares will cease. About the FundThe Duff & Phelps Select MLP and Midstream Energy Fund Inc.is a closed-end fund that seeks to provide shareholders with a high level of total return resulting from a combination of current tax-deferred distributions and capital appreciation by investing primarily in publicly traded master limited partnerships ("MLPs") in the energy sector and other midstream energy companies that are not organized as MLPs. For information, contact shareholder services at (866) 270-7788, by email at [emailprotected], or visit the DSE website. About Duff & Phelps Investment ManagementDuff & Phelps Investment Management Co., the investment subadviser of the fund, has more than 35 years of experience managing investment portfolios, including institutional separate accounts and open- and closed-end funds investing in utilities, master limited partnerships (MLPs), infrastructure, and real estate investment trusts (REITs). For more information visit www.dpimc.com. Fund RisksAn investment in a fund is subject to risk, including the risk of possible loss of principal. A fund's shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a discount to their net asset value. For more information about the fund's investment objective and risks, please see the fund's annual report. A copy of the fund's most recent annual report may be obtained free of charge by contacting "Shareholder Services" as set forth at the end of this press release. Forward-Looking Information This press release contains statements that are, or may be considered to be, forward-looking statements. All statements that are not historical facts, including statements about beliefs or expectations, are "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements may be identified by such forward-looking terminology as "expect," "estimate," "plan," "intend," "believe," "anticipate," "may," "will," "should," "could," "continue," "project," or similar statements or variations of such terms. Forward-looking statements are based on a series of expectations, assumptions, and projections; are not guarantees of future results or performance; and may involve risks and uncertainty. All forward-looking statements are as of the date of this release only; the fund undertakes no obligation to update or review any forward-looking statements. The fund can give no assurance that such expectations or forward-looking statements will prove to be correct. Actual results may differ materially. You are urged to carefully consider all such factors. SOURCE Duff & Phelps Select MLP and Midstream Energy Fund Inc.
|
edtsum4065
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: MONUMENT, Colo., Oct. 12, 2020 /PRNewswire/ --Barbara Schlinker, Team Leader, is being recognized by Continental Who's Who as a Top Professional in the field of Real Estate as a Broker and the Owner at Parker St. Claire Realtor. Located at 7660 Goddard Street, Suite 213, Parker St. Claire Realtor has been offering premier real estate services in the Colorado Springs metropolitan area since 2004. Areas of service include the towns of Larkspur, Elbert, Divide, Woodland Park, Peyton, and Fountain. Owner of the firm, Barb is dedicated to providing excellent customer service, valuing relationships over transactions. She ensures her team is always proactive, open, and direct, having earned a reputation as a trusted real estate and brokerage firm. The business is a certified 100% Veteran Owned Small Business.Before entering her field, Barb was a pilot. She switched to real estate to spend more time with her children. She joined Prudential Professional Realtors and worked with her father. In 2004, she established her firm. A frontrunner in her field, she has gained extensive experience negotiating, communicating, and fine-tuning her visionary and team leadership skills.In recognition of academic achievements, Barb attended Embry-Riddle Aeronautical University. She is a platinum real estate professional coach.Maintaining affiliations with prominent organizations, Barb is a member of Pikes Peak MLS and RE Colorado MLS. She donates to Home Front Career for Veterans and Home Frontiers.On top of these accomplishments, Barb has been recognized as a top real estate professional by numerous organizations. The Wall Street Journal ranked her as the fourth best in Colorado Springs for Transaction Sides.Barb dedicates this recognition to Craig Proctor, Todd Walters, and her brother Tom Parker.For more information, please visit https://www.parkerstclaire.com Contact: Katherine Green, 516-825-5634, [emailprotected] SOURCE Continental Who's Who Related Links http://www.continentalwhoswho.com
Answer:
|
Barbara Schlinker, Team Leader, is recognized by Continental Who's Who
|
MONUMENT, Colo., Oct. 12, 2020 /PRNewswire/ --Barbara Schlinker, Team Leader, is being recognized by Continental Who's Who as a Top Professional in the field of Real Estate as a Broker and the Owner at Parker St. Claire Realtor. Located at 7660 Goddard Street, Suite 213, Parker St. Claire Realtor has been offering premier real estate services in the Colorado Springs metropolitan area since 2004. Areas of service include the towns of Larkspur, Elbert, Divide, Woodland Park, Peyton, and Fountain. Owner of the firm, Barb is dedicated to providing excellent customer service, valuing relationships over transactions. She ensures her team is always proactive, open, and direct, having earned a reputation as a trusted real estate and brokerage firm. The business is a certified 100% Veteran Owned Small Business.Before entering her field, Barb was a pilot. She switched to real estate to spend more time with her children. She joined Prudential Professional Realtors and worked with her father. In 2004, she established her firm. A frontrunner in her field, she has gained extensive experience negotiating, communicating, and fine-tuning her visionary and team leadership skills.In recognition of academic achievements, Barb attended Embry-Riddle Aeronautical University. She is a platinum real estate professional coach.Maintaining affiliations with prominent organizations, Barb is a member of Pikes Peak MLS and RE Colorado MLS. She donates to Home Front Career for Veterans and Home Frontiers.On top of these accomplishments, Barb has been recognized as a top real estate professional by numerous organizations. The Wall Street Journal ranked her as the fourth best in Colorado Springs for Transaction Sides.Barb dedicates this recognition to Craig Proctor, Todd Walters, and her brother Tom Parker.For more information, please visit https://www.parkerstclaire.com Contact: Katherine Green, 516-825-5634, [emailprotected] SOURCE Continental Who's Who Related Links http://www.continentalwhoswho.com
|
edtsum4070
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, May 5, 2020 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed against Groupon, Inc. ("Groupon" or the "Company") (NASDAQ: GRPN) in the United States District Court for the Northern District of Illinois on behalf of those who purchased or acquired the securities of Groupon between November 4, 2019 and February 18, 2020, inclusive (the "Class Period"). All investors who purchased shares of Groupon, Inc.and incurred losses are urged to contact the firm immediately at [emailprotected] or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com. If you have incurred losses in the shares of Groupon, Inc., you may, no later than June 29, 2020, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in the shares of Groupon, Inc. CLICK HERE TO JOIN THE CASE The filed Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose: the Company was experiencing fewer customer engagements in its Goods category; Groupon relied on its Goods category to drive its sales, especially during the holiday season; as a result of the foregoing, the Company was likely to experience reduced sales; and as a result of the foregoing, Defendants' positive statements about the Company' business, operations, and prospects, were materially misleading and/or lacked a reasonable basis. On February 18, 2020, Groupon reported sales of $612.3 million, a 23% decline year-over-year. Groupon's adjusted EBITDA for fiscal 2019 was reported at $227.2 million, a significant miss from its November 2019 forecast of $270 million. Groupon also announced a "transformational plan to exit Goods" in North America by the third quarter and globally by the end of the year. On this news, Groupon's share price fell more than 44%. On March 25, 2020, Groupon abruptly announced that its Chief Executive Officer, Rich Williams, and Chief Operating Officer, Steve Krenzer, were "no longer serving" in their roles, but would continue as Groupon employees. Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation. If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at [emailprotected], or visit our website at www.whafh.com. Contact: Wolf Haldenstein Adler Freeman & Herz LLP Kevin Cooper, Esq.Gregory Stone, Director of Case and Financial AnalysisEmail: [emailprotected], [emailprotected] or [emailprotected]Tel: (800) 575-0735 or (212) 545-4774 This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. SOURCE Wolf Haldenstein Adler Freeman & Herz LLP Related Links http://www.whafh.com
Answer:
|
Groupon, Inc. CLASS ACTION Alert: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of Illinois against Groupon, Inc. LEAD PLAINTIFF DEADLINE IS JUNE 29, 2020
|
NEW YORK, May 5, 2020 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed against Groupon, Inc. ("Groupon" or the "Company") (NASDAQ: GRPN) in the United States District Court for the Northern District of Illinois on behalf of those who purchased or acquired the securities of Groupon between November 4, 2019 and February 18, 2020, inclusive (the "Class Period"). All investors who purchased shares of Groupon, Inc.and incurred losses are urged to contact the firm immediately at [emailprotected] or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com. If you have incurred losses in the shares of Groupon, Inc., you may, no later than June 29, 2020, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in the shares of Groupon, Inc. CLICK HERE TO JOIN THE CASE The filed Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose: the Company was experiencing fewer customer engagements in its Goods category; Groupon relied on its Goods category to drive its sales, especially during the holiday season; as a result of the foregoing, the Company was likely to experience reduced sales; and as a result of the foregoing, Defendants' positive statements about the Company' business, operations, and prospects, were materially misleading and/or lacked a reasonable basis. On February 18, 2020, Groupon reported sales of $612.3 million, a 23% decline year-over-year. Groupon's adjusted EBITDA for fiscal 2019 was reported at $227.2 million, a significant miss from its November 2019 forecast of $270 million. Groupon also announced a "transformational plan to exit Goods" in North America by the third quarter and globally by the end of the year. On this news, Groupon's share price fell more than 44%. On March 25, 2020, Groupon abruptly announced that its Chief Executive Officer, Rich Williams, and Chief Operating Officer, Steve Krenzer, were "no longer serving" in their roles, but would continue as Groupon employees. Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation. If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at [emailprotected], or visit our website at www.whafh.com. Contact: Wolf Haldenstein Adler Freeman & Herz LLP Kevin Cooper, Esq.Gregory Stone, Director of Case and Financial AnalysisEmail: [emailprotected], [emailprotected] or [emailprotected]Tel: (800) 575-0735 or (212) 545-4774 This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. SOURCE Wolf Haldenstein Adler Freeman & Herz LLP Related Links http://www.whafh.com
|
edtsum4078
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: TORONTO--(BUSINESS WIRE)--Arizona Metals Corp. (TSXV:AMC, OTCQX:AZMCF) (the Company or Arizona Metals) announces that it has qualified to trade on the OTCQX Best Market. Arizona Metals Corp. upgraded to OTCQX from the OTCQB Venture Market. In addition, the Company has secured DTC eligibility by The Depository Trust Company ("DTC") for electronic settlement and transfer of its common shares in the United States. Arizona Metals Corp. begins trading today on OTCQX under the symbol AZMCF. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on https://www.otcmarkets.com/stock/AZMCF/overview. The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors. DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible". This reduces costs and accelerates the settlement process for investors and brokers, allowing the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements. Marc Pais, CEO, commented We are pleased to trade on the OTCQX Market, which will provide increased accessibility and liquidity for U.S. investors. The timing coincides well with our Phase 2 drill program at the Kay Mine, which began two weeks ago. We expect to release a steady flow of drill results over the coming months. We are expecting to close an over-subscribed private placement of CDN$10 million later this week, which will put us in a very strong financial position to complete an aggressive drill program. We will issue another press release on closing of the financing. About Arizona Metals Corp Arizona Metals Corp owns 100% of the Kay Mine Property in Yavapai County, which is located on a combination of patented and BLM claims totaling 1,300 acres that are not subject to any royalties. An historic estimate by Exxon Minerals in 1982 reported a proven and probable reserve of 6.4 million short tons at a grade of 2.2% copper, 2.8 g/t gold, 3.03% zinc, and 55 g/t silver. The historic estimate at the Kay Mine was reported by Exxon Minerals in 1982. (Fellows, M.L., 1982, Kay Mine massive sulphide deposit: Internal report prepared for Exxon Minerals Company) *The Kay Mine historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimate can be verified and upgraded to be a current mineral resource. A Qualified Person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource. The Kay Mine is a steeply dipping VMS deposit that has been defined from a depth of 60 m to at least 900 m. It is open for expansion on strike and at depth. The Company also owns 100% of the Sugarloaf Peak Property, in La Paz County, which is located on 4,400 acres of BLM claims. Sugarloaf is a heap-leach, open-pit target and has a historic estimate of 100 million tons containing 1.5 million ounces gold at a grade of 0.5 g/t (Dausinger, N.E., 1983, Phase 1 Drill Program and Evaluation of Gold-Silver Potential, Sugarloaf Peak Project, Quartzsite, Arizona: Report for Westworld Inc.) The historic estimate at the Sugarloaf Peak Property was reported by Westworld Resources in 1983. The historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimate can be verified and upgraded to a current mineral resource. A Qualified Person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource. The Qualified Person who reviewed and approved the technical disclosure in this release is David Smith, CPG. Quality Assurance/Quality Control All of Arizona Metals drill sample assay results have been independently monitored through a quality assurance/quality control (QA/QC) protocol which includes the insertion of blind standard reference materials and blanks at regular intervals. Logging and sampling were completed at Arizona Metals core handling facilities located in Anthem and Black Canyon City, Arizona. Drill core was diamond sawn on site and half drill-core samples were securely transported to ALS Laboratories (ALS) sample preparation facility in Tucson, Arizona. Sample pulps were sent to ALSs labs in Vancouver, Canada, for analysis. Gold content was determined by fire assay of a 30-gram charge with ICP finish (ALS method Au-AA23). Silver and 32 other elements were analyzed by ICP methods with four-acid digestion (ALS method ME-ICP61a). Over-limit samples for Au, Ag, Cu, and Zn were determined by ore-grade analyses Au-GRA21, Ag-OG62, Cu-OG62, and Zn-OG62, respectively. ALS Laboratories is independent of Arizona Metals Corp. and its Vancouver facility is ISO 17025 accredited. ALS also performed its own internal QA/QC procedures to assure the accuracy and integrity of results. Parameters for ALS internal and Arizona Metals external blind quality control samples were acceptable for the samples analyzed. Arizona Metals is not aware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data referred to herein. This press release contains statements that constitute forward-looking information (collectively, forward-looking statements) within the meaning of the applicable Canadian securities legislation, All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as expects, or does not expect, is expected, anticipates or does not anticipate, plans, budget, scheduled, forecasts, estimates, believes or intends or variations of such words and phrases or stating that certain actions, events or results may or could, would, might or will be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release include, without limitation, statements regarding the acquisition of the Property, including completion of due diligence and the satisfaction of the Companys payment obligations under the Purchase Agreement, and the completion of the Offering. In making the forward- looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. 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 statements. Such factors include, but are not limited to: availability of financing; delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward- looking statements or otherwise. NEITHER THE TSX VENTURE EXCHANGE (NOR ITS REGULATORY SERVICE PROVIDER) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE Not for distribution to US newswire services or for release, publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States
Answer:
|
Arizona Metals Begins Trading on OTCQX Best Market with DTC Eligibility
|
TORONTO--(BUSINESS WIRE)--Arizona Metals Corp. (TSXV:AMC, OTCQX:AZMCF) (the Company or Arizona Metals) announces that it has qualified to trade on the OTCQX Best Market. Arizona Metals Corp. upgraded to OTCQX from the OTCQB Venture Market. In addition, the Company has secured DTC eligibility by The Depository Trust Company ("DTC") for electronic settlement and transfer of its common shares in the United States. Arizona Metals Corp. begins trading today on OTCQX under the symbol AZMCF. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on https://www.otcmarkets.com/stock/AZMCF/overview. The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors. DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible". This reduces costs and accelerates the settlement process for investors and brokers, allowing the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements. Marc Pais, CEO, commented We are pleased to trade on the OTCQX Market, which will provide increased accessibility and liquidity for U.S. investors. The timing coincides well with our Phase 2 drill program at the Kay Mine, which began two weeks ago. We expect to release a steady flow of drill results over the coming months. We are expecting to close an over-subscribed private placement of CDN$10 million later this week, which will put us in a very strong financial position to complete an aggressive drill program. We will issue another press release on closing of the financing. About Arizona Metals Corp Arizona Metals Corp owns 100% of the Kay Mine Property in Yavapai County, which is located on a combination of patented and BLM claims totaling 1,300 acres that are not subject to any royalties. An historic estimate by Exxon Minerals in 1982 reported a proven and probable reserve of 6.4 million short tons at a grade of 2.2% copper, 2.8 g/t gold, 3.03% zinc, and 55 g/t silver. The historic estimate at the Kay Mine was reported by Exxon Minerals in 1982. (Fellows, M.L., 1982, Kay Mine massive sulphide deposit: Internal report prepared for Exxon Minerals Company) *The Kay Mine historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimate can be verified and upgraded to be a current mineral resource. A Qualified Person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource. The Kay Mine is a steeply dipping VMS deposit that has been defined from a depth of 60 m to at least 900 m. It is open for expansion on strike and at depth. The Company also owns 100% of the Sugarloaf Peak Property, in La Paz County, which is located on 4,400 acres of BLM claims. Sugarloaf is a heap-leach, open-pit target and has a historic estimate of 100 million tons containing 1.5 million ounces gold at a grade of 0.5 g/t (Dausinger, N.E., 1983, Phase 1 Drill Program and Evaluation of Gold-Silver Potential, Sugarloaf Peak Project, Quartzsite, Arizona: Report for Westworld Inc.) The historic estimate at the Sugarloaf Peak Property was reported by Westworld Resources in 1983. The historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimate can be verified and upgraded to a current mineral resource. A Qualified Person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource. The Qualified Person who reviewed and approved the technical disclosure in this release is David Smith, CPG. Quality Assurance/Quality Control All of Arizona Metals drill sample assay results have been independently monitored through a quality assurance/quality control (QA/QC) protocol which includes the insertion of blind standard reference materials and blanks at regular intervals. Logging and sampling were completed at Arizona Metals core handling facilities located in Anthem and Black Canyon City, Arizona. Drill core was diamond sawn on site and half drill-core samples were securely transported to ALS Laboratories (ALS) sample preparation facility in Tucson, Arizona. Sample pulps were sent to ALSs labs in Vancouver, Canada, for analysis. Gold content was determined by fire assay of a 30-gram charge with ICP finish (ALS method Au-AA23). Silver and 32 other elements were analyzed by ICP methods with four-acid digestion (ALS method ME-ICP61a). Over-limit samples for Au, Ag, Cu, and Zn were determined by ore-grade analyses Au-GRA21, Ag-OG62, Cu-OG62, and Zn-OG62, respectively. ALS Laboratories is independent of Arizona Metals Corp. and its Vancouver facility is ISO 17025 accredited. ALS also performed its own internal QA/QC procedures to assure the accuracy and integrity of results. Parameters for ALS internal and Arizona Metals external blind quality control samples were acceptable for the samples analyzed. Arizona Metals is not aware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data referred to herein. This press release contains statements that constitute forward-looking information (collectively, forward-looking statements) within the meaning of the applicable Canadian securities legislation, All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as expects, or does not expect, is expected, anticipates or does not anticipate, plans, budget, scheduled, forecasts, estimates, believes or intends or variations of such words and phrases or stating that certain actions, events or results may or could, would, might or will be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release include, without limitation, statements regarding the acquisition of the Property, including completion of due diligence and the satisfaction of the Companys payment obligations under the Purchase Agreement, and the completion of the Offering. In making the forward- looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. 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 statements. Such factors include, but are not limited to: availability of financing; delay or failure to receive required permits or regulatory approvals; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward- looking statements or otherwise. NEITHER THE TSX VENTURE EXCHANGE (NOR ITS REGULATORY SERVICE PROVIDER) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE Not for distribution to US newswire services or for release, publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States
|
edtsum4086
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: CHICAGO, Oct. 27, 2020 /PRNewswire/ -- Echo Global Logistics, Inc. (NASDAQ: ECHO), a leading provider of technology-enabled transportation management services, announced today that Chief Human Resources Officer, Paula Frey, earned a Silver Stevie Award in the "Female Executive of the Year" category in the 17th annual Stevie Awards for Women in Business. She was nominated in the business services sector for companies with more than 2,500 employees. This award honors Frey's achievements within Echo's HR practices that have played a key role in the success and advancement of the company over the last year. (PRNewsfoto/Echo Global Logistics, Inc.) This year has presented many companies with unforeseen challenges due to COVID-19, but under Frey's leadership, Echo quickly adapted to the new circumstances to keep its team members and business operations on track. With her team, she designed and implemented plans to ensure employees remain engaged and connected while working from home. For those who have chosen to return to Echo's offices across the country, Frey developed protocols to ensure the safety and wellbeing of employees at all office locations. Frey has played an integral role in the continued advancement of Echo's Diversity & Inclusion strategies to ensure a culture and atmosphere of mutual respect, where employees of all backgrounds, perspectives, and abilities are empowered to reach their full potential. This is demonstrated through herkey roleinthis year's launch ofmany newDiversity&Inclusioninitiatives at Echo. In addition, Frey delivered numerous enhancements to Echo's overall HR practices that further Echo's position as an employer of choice. Within the last year, she has spearheaded the launches of an upgraded end-to-end HR system, an improved performance management process, a virtual new hire sales training program, and more."Since joining Echo in 2019, Paula's leadership and expertise have been essential in creating a workplace culture that encourages our employees to succeed along with the company," said Doug Waggoner, Chairman of the Board of Directors and Chief Executive Officer at Echo. "Her commitment to advancing Echo's HR practices has allowed us to continuously enhance the experience of our team members and attract top talent, even in the midst of a pandemic.""I'm honored to receive this prestigious recognition," said Frey. "This award highlights the amazing work the entire Echo team does to build and enhance our workplace culture, and I look forward to our future successes."Hailed as one of the world's premier business awards, the Stevie Awards for Women in Business recognize the achievements of women executives and entrepreneurs as well as the organizations they run. More than 1,500 nominations from organizations and individuals around the world were submitted this year for consideration in various categories. Over 180 business professionals working in seven specialized judging committees determined the winners.For more information on the Stevie Awards for Women in Business, visit www.StevieAwards.com/Women. About Echo Global LogisticsEcho Global Logistics, Inc. (NASDAQ: ECHO) is a leading Fortune 1000 provider of technology-enabled transportation and supply chain management services. Headquartered in Chicago with more than 30 offices around the country, Echo offers freight brokerage and Managed Transportation solutions for all major modes, including truckload, partial truckload, LTL, intermodal, and expedited. Echo maintains a proprietary, web-based technology platform that compiles and analyzes data from its network of over 50,000 transportation providers to serve 35,000 clients across a wide range of industries and simplify the critical tasks involved in transportation management. For more information on Echo Global Logistics, visit: www.echo.com.ECHO: CorporateCONTACT INFORMATIONInvestor Relations: Zach Jecklin SVP of Strategy Echo Global Logistics 312-784-2046Media Relations: Christopher Clemmensen SVP of Marketing Echo Global Logistics 312-784-2132SOURCE Echo Global Logistics, Inc. Related Links www.echo.com
Answer:
|
Echo Global Logistics Chief Human Resources Officer Paula Frey Wins Silver Stevie Award for Women in Business Frey Recognized in "Female Executive of the Year" Category for Her Achievements within Echo's HR Practices
|
CHICAGO, Oct. 27, 2020 /PRNewswire/ -- Echo Global Logistics, Inc. (NASDAQ: ECHO), a leading provider of technology-enabled transportation management services, announced today that Chief Human Resources Officer, Paula Frey, earned a Silver Stevie Award in the "Female Executive of the Year" category in the 17th annual Stevie Awards for Women in Business. She was nominated in the business services sector for companies with more than 2,500 employees. This award honors Frey's achievements within Echo's HR practices that have played a key role in the success and advancement of the company over the last year. (PRNewsfoto/Echo Global Logistics, Inc.) This year has presented many companies with unforeseen challenges due to COVID-19, but under Frey's leadership, Echo quickly adapted to the new circumstances to keep its team members and business operations on track. With her team, she designed and implemented plans to ensure employees remain engaged and connected while working from home. For those who have chosen to return to Echo's offices across the country, Frey developed protocols to ensure the safety and wellbeing of employees at all office locations. Frey has played an integral role in the continued advancement of Echo's Diversity & Inclusion strategies to ensure a culture and atmosphere of mutual respect, where employees of all backgrounds, perspectives, and abilities are empowered to reach their full potential. This is demonstrated through herkey roleinthis year's launch ofmany newDiversity&Inclusioninitiatives at Echo. In addition, Frey delivered numerous enhancements to Echo's overall HR practices that further Echo's position as an employer of choice. Within the last year, she has spearheaded the launches of an upgraded end-to-end HR system, an improved performance management process, a virtual new hire sales training program, and more."Since joining Echo in 2019, Paula's leadership and expertise have been essential in creating a workplace culture that encourages our employees to succeed along with the company," said Doug Waggoner, Chairman of the Board of Directors and Chief Executive Officer at Echo. "Her commitment to advancing Echo's HR practices has allowed us to continuously enhance the experience of our team members and attract top talent, even in the midst of a pandemic.""I'm honored to receive this prestigious recognition," said Frey. "This award highlights the amazing work the entire Echo team does to build and enhance our workplace culture, and I look forward to our future successes."Hailed as one of the world's premier business awards, the Stevie Awards for Women in Business recognize the achievements of women executives and entrepreneurs as well as the organizations they run. More than 1,500 nominations from organizations and individuals around the world were submitted this year for consideration in various categories. Over 180 business professionals working in seven specialized judging committees determined the winners.For more information on the Stevie Awards for Women in Business, visit www.StevieAwards.com/Women. About Echo Global LogisticsEcho Global Logistics, Inc. (NASDAQ: ECHO) is a leading Fortune 1000 provider of technology-enabled transportation and supply chain management services. Headquartered in Chicago with more than 30 offices around the country, Echo offers freight brokerage and Managed Transportation solutions for all major modes, including truckload, partial truckload, LTL, intermodal, and expedited. Echo maintains a proprietary, web-based technology platform that compiles and analyzes data from its network of over 50,000 transportation providers to serve 35,000 clients across a wide range of industries and simplify the critical tasks involved in transportation management. For more information on Echo Global Logistics, visit: www.echo.com.ECHO: CorporateCONTACT INFORMATIONInvestor Relations: Zach Jecklin SVP of Strategy Echo Global Logistics 312-784-2046Media Relations: Christopher Clemmensen SVP of Marketing Echo Global Logistics 312-784-2132SOURCE Echo Global Logistics, Inc. Related Links www.echo.com
|
edtsum4087
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DUBLIN, May 13, 2020 /PRNewswire/ -- The "Global Fibromyalgia Market and Competitive Landscape - 2020" report has been added to ResearchAndMarkets.com's offering. This research report provides comprehensive insights into the Fibromyalgia pipeline, epidemiology, market valuations, drug sales, market forecast, drug forecasts, and market shares. The research analyzes and forecasts the Fibromyalgia market size and drug sales. It also provides insights into Fibromyalgia epidemiology and late stage pipeline.Research Scope Countries: US, Germany, France, Italy, Spain, UK, Japan, Europe, Global Fibromyalgia pipeline: Find out drugs in clinical trials for the treatment of Fibromyalgia by development phase 3, phase 2, and phase 1, by pharmacological class and company Fibromyalgia epidemiology: Find out the number of patients diagnosed (prevalence) with Fibromyalgia by countries Fibromyalgia drugs: Identify key drugs marketed and prescribed for Fibromyalgia in the US, including trade name, molecule name, and company Fibromyalgia drugs sales: Find out the sales value for Fibromyalgia drugs by countries Fibromyalgia market valuations: Find out the market size for Fibromyalgia drugs in 2019 by countries. Find out how the market advanced from 2016 and forecast to 2024 Fibromyalgia drugs market share: Find out the market shares for key drugs by countries Benefits of this Research Evaluate commercial market opportunities for Fibromyalgia drugs Synthesize insights for business development & licensing Track market size, competitor drug sales, market shares in the Fibromyalgia market Develop in-depth knowledge of competition and markets Analyze Fibromyalgia drug sales data to update your brand planning trackers Develop tactics and strategies to take advantage of opportunities in the market Track Market Events and Trends and analyze key events in the Fibromyalgia market Develop forecast models, healthcare frameworks, or economic models Answer key business questions; supports decision making in R&D to long term marketing strategies Key Topics Covered 1. Fibromyalgia Treatment Options2. Fibromyalgia Pipeline Insights2.1. Fibromyalgia Phase 3 Clinical Trials2.2. Fibromyalgia Phase 2 Clinical Trials2.3. Fibromyalgia Phase 1 Clinical Trials3. Fibromyalgia Epidemiology Analysis by Countries4. US Fibromyalgia Market Insights4.1. Marketed Drugs for Fibromyalgia in US4.2. US Fibromyalgia Market Size & Forecast4.3. US Fibromyalgia Drugs Sales & Forecast4.4. US Fibromyalgia Market Share Analysis5. Germany Fibromyalgia Market Insights5.1. Marketed Drugs for Fibromyalgia in Germany5.2. Germany Fibromyalgia Market Size & Forecast5.3. Germany Fibromyalgia Drugs Sales Forecast5.4. Germany Fibromyalgia Market Share Analysis6. France Fibromyalgia Market Insights6.1. Marketed Drugs for Fibromyalgia in France6.2. France Fibromyalgia Market Size & Forecast6.3. France Fibromyalgia Product Sales Forecast6.4. France Fibromyalgia Market Share Analysis7. Italy Fibromyalgia Market Insights7.1. Marketed Drugs for Fibromyalgia in Italy7.2. Italy Fibromyalgia Market Size & Forecast7.3. Italy Fibromyalgia Product Sales Forecast7.4. Italy Fibromyalgia Market Share Analysis8. Spain Fibromyalgia Market Insights8.1. Marketed Drugs for Fibromyalgia in Spain8.2. Spain Fibromyalgia Market Size & Forecast8.3. Spain Fibromyalgia Product Sales Forecast8.4. Spain Fibromyalgia Market Share Analysis9. UK Fibromyalgia Market Insights9.1. Marketed Drugs for Fibromyalgia in UK9.2. UK Fibromyalgia Market Size & Forecast9.3. UK Fibromyalgia Product Sales Forecast9.4. UK Fibromyalgia Market Share Analysis10. Europe Fibromyalgia Market Insights10.1. Europe Fibromyalgia Market Size & Forecast10.2. Europe Fibromyalgia Product Sales Forecast10.3. Europe Fibromyalgia Market Share Analysis11. Japan Fibromyalgia Market Insights11.1. Marketed Drugs for Fibromyalgia in Japan11.2. Japan Fibromyalgia Market Size & Forecast11.3. Japan Fibromyalgia Product Sales Forecast11.4. Japan Fibromyalgia Market Share Analysis12. Global Fibromyalgia Market Insights12.1. Global Fibromyalgia Market Size & Forecast12.2. Global Fibromyalgia Product Sales Forecast12.3. Global Fibromyalgia Market Share AnalysisFor more information about this report visit https://www.researchandmarkets.com/r/x1mj7x Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com
Answer:
|
Global Fibromyalgia Market, Pipeline, Epidemiology, Competitive Analysis, Drug Sales and Shares (2016-2024)
|
DUBLIN, May 13, 2020 /PRNewswire/ -- The "Global Fibromyalgia Market and Competitive Landscape - 2020" report has been added to ResearchAndMarkets.com's offering. This research report provides comprehensive insights into the Fibromyalgia pipeline, epidemiology, market valuations, drug sales, market forecast, drug forecasts, and market shares. The research analyzes and forecasts the Fibromyalgia market size and drug sales. It also provides insights into Fibromyalgia epidemiology and late stage pipeline.Research Scope Countries: US, Germany, France, Italy, Spain, UK, Japan, Europe, Global Fibromyalgia pipeline: Find out drugs in clinical trials for the treatment of Fibromyalgia by development phase 3, phase 2, and phase 1, by pharmacological class and company Fibromyalgia epidemiology: Find out the number of patients diagnosed (prevalence) with Fibromyalgia by countries Fibromyalgia drugs: Identify key drugs marketed and prescribed for Fibromyalgia in the US, including trade name, molecule name, and company Fibromyalgia drugs sales: Find out the sales value for Fibromyalgia drugs by countries Fibromyalgia market valuations: Find out the market size for Fibromyalgia drugs in 2019 by countries. Find out how the market advanced from 2016 and forecast to 2024 Fibromyalgia drugs market share: Find out the market shares for key drugs by countries Benefits of this Research Evaluate commercial market opportunities for Fibromyalgia drugs Synthesize insights for business development & licensing Track market size, competitor drug sales, market shares in the Fibromyalgia market Develop in-depth knowledge of competition and markets Analyze Fibromyalgia drug sales data to update your brand planning trackers Develop tactics and strategies to take advantage of opportunities in the market Track Market Events and Trends and analyze key events in the Fibromyalgia market Develop forecast models, healthcare frameworks, or economic models Answer key business questions; supports decision making in R&D to long term marketing strategies Key Topics Covered 1. Fibromyalgia Treatment Options2. Fibromyalgia Pipeline Insights2.1. Fibromyalgia Phase 3 Clinical Trials2.2. Fibromyalgia Phase 2 Clinical Trials2.3. Fibromyalgia Phase 1 Clinical Trials3. Fibromyalgia Epidemiology Analysis by Countries4. US Fibromyalgia Market Insights4.1. Marketed Drugs for Fibromyalgia in US4.2. US Fibromyalgia Market Size & Forecast4.3. US Fibromyalgia Drugs Sales & Forecast4.4. US Fibromyalgia Market Share Analysis5. Germany Fibromyalgia Market Insights5.1. Marketed Drugs for Fibromyalgia in Germany5.2. Germany Fibromyalgia Market Size & Forecast5.3. Germany Fibromyalgia Drugs Sales Forecast5.4. Germany Fibromyalgia Market Share Analysis6. France Fibromyalgia Market Insights6.1. Marketed Drugs for Fibromyalgia in France6.2. France Fibromyalgia Market Size & Forecast6.3. France Fibromyalgia Product Sales Forecast6.4. France Fibromyalgia Market Share Analysis7. Italy Fibromyalgia Market Insights7.1. Marketed Drugs for Fibromyalgia in Italy7.2. Italy Fibromyalgia Market Size & Forecast7.3. Italy Fibromyalgia Product Sales Forecast7.4. Italy Fibromyalgia Market Share Analysis8. Spain Fibromyalgia Market Insights8.1. Marketed Drugs for Fibromyalgia in Spain8.2. Spain Fibromyalgia Market Size & Forecast8.3. Spain Fibromyalgia Product Sales Forecast8.4. Spain Fibromyalgia Market Share Analysis9. UK Fibromyalgia Market Insights9.1. Marketed Drugs for Fibromyalgia in UK9.2. UK Fibromyalgia Market Size & Forecast9.3. UK Fibromyalgia Product Sales Forecast9.4. UK Fibromyalgia Market Share Analysis10. Europe Fibromyalgia Market Insights10.1. Europe Fibromyalgia Market Size & Forecast10.2. Europe Fibromyalgia Product Sales Forecast10.3. Europe Fibromyalgia Market Share Analysis11. Japan Fibromyalgia Market Insights11.1. Marketed Drugs for Fibromyalgia in Japan11.2. Japan Fibromyalgia Market Size & Forecast11.3. Japan Fibromyalgia Product Sales Forecast11.4. Japan Fibromyalgia Market Share Analysis12. Global Fibromyalgia Market Insights12.1. Global Fibromyalgia Market Size & Forecast12.2. Global Fibromyalgia Product Sales Forecast12.3. Global Fibromyalgia Market Share AnalysisFor more information about this report visit https://www.researchandmarkets.com/r/x1mj7x Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com
|
edtsum4091
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: CHICAGO--(BUSINESS WIRE)--A grassroots medical society today urged the FDA to remove boxed warnings from ultrasound contrast agents (UCAs), citing compelling scientific data demonstrating their safety and life-saving potential. Removing this 'black box' will help patients across America access safer, more reliable and more cost-effective diagnostic imaging, while speeding up the introduction of appropriate therapy and saving lives, according to a Citizens Petition submitted to the FDA by the International Contrast Ultrasound Society (ICUS), a non-profit medical society that includes cardiologists, radiologists and other ultrasound imaging professionals. The FDA will remove a black box when clinical evidence demonstrates that risks are less severe than previously thought, the ICUS Petition states. It is now abundantly clear that UCAs are extremely safe, and that they may save lives and lower overall diagnostic imaging costs, said Dr. Michael Main, senior author of numerous safety studies that were cited in the Petition. Dr. Main is a Vice President of ICUS, co-executive medical director of Saint Lukes Mid America Heart Institute, and a practicing cardiologist. UCAs (sometimes also known as ultrasound enhancing agents) are radiation-free imaging agents comprised of biocompatible suspensions of tiny gas-filled microbubbles that are injected intravenously during an ultrasound exam. They produce high resolution ultrasound images that can dramatically improve the detection of heart disease, stratify risk of heart attack or stroke, and help identify, characterize and stage tumors of the liver, kidney, prostate, breast and other organ systems, according to the Petition. UCAs present no known risk of kidney or liver damage, and are expelled from the body within minutes. In addition, patients do not require sedation during the contrast-enhanced ultrasound (CEUS) exam, the Petition added. According to new studies and extensive clinical experience, CEUS can help avoid unnecessary downstream tests, lower overall health care costs, reduce the length of hospital stays by speeding time to diagnosis and treatment, improve the efficiency of health care delivery, change patient outcomes and save lives, according to the Petition. Extensive new scientific data convincingly show that UCAs are extremely safe and beneficial across a wide range of medical uses and patient populations, according to Dr. Steven Feinstein, Co-President of ICUS. Dr. Feinstein is an expert in cardiac CEUS and professor of medicine at Rush University Medical Center in Chicago. The current labeling is outdated and may harm patients by unduly deterring the use of UCAs in patients who would benefit from an enhanced ultrasound scan, Feinstein added. The ICUS Petition cited an outpouring of support from other major ultrasound organizations and individual CEUS experts, who joined ICUS in acknowledging the favorable safety profile of UCAs and the risk that inappropriate labeling may unduly deter use and jeopardize patient care. CEUS is an exceedingly safe, low-cost and versatile imaging option that produces exquisite images in a variety of clinical settings, said Dr. Stephanie Wilson, Co-President of ICUS. Dr. Wilson is an expert in abdominal CEUS and a professor of medicine at the University of Calgary in Canada. CEUS is often comparable to CT and MR in its ability to characterize liver and kidney lesions, according to Dr. Edward Grant, treasurer of ICUS, past chair of the Department of Radiology at the University of Southern California Keck School of Medicine, and an expert in abdominal CEUS. Three UCAs are currently approved for use in the United States -- Definity (Lantheus Medical Imaging), Lumason (Bracco) and Optison (GE Healthcare). The FDA first mandated boxed warnings on UCA labels in 2007. Since then, the initial warnings and contra-indications have been reduced in response to a growing body of safety studies and expanding uses in adults and children. Since the FDAs most recent and appropriate actions on UCA product labels, the body of relevant scientific literature has continued to mature and now convincingly shows that UCAs are among the safest diagnostic imaging products available, according to the ICUS Petition. Removing this 'black box' will help patients across America access safer, more reliable and more cost-effective diagnostic imaging, while speeding up the introduction of appropriate therapy and saving lives. The public interest -- as well as the FDA's own standards -- demand nothing less, the Petition concludes. ABOUT ICUS: The International Contrast Ultrasound Society (ICUS) is a grassroots, non-profit medical society dedicated to advancing the safe and appropriate use of contrast enhanced ultrasound (CEUS) to improve patient care. ICUS members include physicians, scientists, and other ultrasound imaging professionals in approximately 60 countries. For more information about ICUS, please visit www.icus-society.org.
Answer:
|
FDA Urged to Remove Boxed Warnings on Ultrasound Contrast Agents
|
CHICAGO--(BUSINESS WIRE)--A grassroots medical society today urged the FDA to remove boxed warnings from ultrasound contrast agents (UCAs), citing compelling scientific data demonstrating their safety and life-saving potential. Removing this 'black box' will help patients across America access safer, more reliable and more cost-effective diagnostic imaging, while speeding up the introduction of appropriate therapy and saving lives, according to a Citizens Petition submitted to the FDA by the International Contrast Ultrasound Society (ICUS), a non-profit medical society that includes cardiologists, radiologists and other ultrasound imaging professionals. The FDA will remove a black box when clinical evidence demonstrates that risks are less severe than previously thought, the ICUS Petition states. It is now abundantly clear that UCAs are extremely safe, and that they may save lives and lower overall diagnostic imaging costs, said Dr. Michael Main, senior author of numerous safety studies that were cited in the Petition. Dr. Main is a Vice President of ICUS, co-executive medical director of Saint Lukes Mid America Heart Institute, and a practicing cardiologist. UCAs (sometimes also known as ultrasound enhancing agents) are radiation-free imaging agents comprised of biocompatible suspensions of tiny gas-filled microbubbles that are injected intravenously during an ultrasound exam. They produce high resolution ultrasound images that can dramatically improve the detection of heart disease, stratify risk of heart attack or stroke, and help identify, characterize and stage tumors of the liver, kidney, prostate, breast and other organ systems, according to the Petition. UCAs present no known risk of kidney or liver damage, and are expelled from the body within minutes. In addition, patients do not require sedation during the contrast-enhanced ultrasound (CEUS) exam, the Petition added. According to new studies and extensive clinical experience, CEUS can help avoid unnecessary downstream tests, lower overall health care costs, reduce the length of hospital stays by speeding time to diagnosis and treatment, improve the efficiency of health care delivery, change patient outcomes and save lives, according to the Petition. Extensive new scientific data convincingly show that UCAs are extremely safe and beneficial across a wide range of medical uses and patient populations, according to Dr. Steven Feinstein, Co-President of ICUS. Dr. Feinstein is an expert in cardiac CEUS and professor of medicine at Rush University Medical Center in Chicago. The current labeling is outdated and may harm patients by unduly deterring the use of UCAs in patients who would benefit from an enhanced ultrasound scan, Feinstein added. The ICUS Petition cited an outpouring of support from other major ultrasound organizations and individual CEUS experts, who joined ICUS in acknowledging the favorable safety profile of UCAs and the risk that inappropriate labeling may unduly deter use and jeopardize patient care. CEUS is an exceedingly safe, low-cost and versatile imaging option that produces exquisite images in a variety of clinical settings, said Dr. Stephanie Wilson, Co-President of ICUS. Dr. Wilson is an expert in abdominal CEUS and a professor of medicine at the University of Calgary in Canada. CEUS is often comparable to CT and MR in its ability to characterize liver and kidney lesions, according to Dr. Edward Grant, treasurer of ICUS, past chair of the Department of Radiology at the University of Southern California Keck School of Medicine, and an expert in abdominal CEUS. Three UCAs are currently approved for use in the United States -- Definity (Lantheus Medical Imaging), Lumason (Bracco) and Optison (GE Healthcare). The FDA first mandated boxed warnings on UCA labels in 2007. Since then, the initial warnings and contra-indications have been reduced in response to a growing body of safety studies and expanding uses in adults and children. Since the FDAs most recent and appropriate actions on UCA product labels, the body of relevant scientific literature has continued to mature and now convincingly shows that UCAs are among the safest diagnostic imaging products available, according to the ICUS Petition. Removing this 'black box' will help patients across America access safer, more reliable and more cost-effective diagnostic imaging, while speeding up the introduction of appropriate therapy and saving lives. The public interest -- as well as the FDA's own standards -- demand nothing less, the Petition concludes. ABOUT ICUS: The International Contrast Ultrasound Society (ICUS) is a grassroots, non-profit medical society dedicated to advancing the safe and appropriate use of contrast enhanced ultrasound (CEUS) to improve patient care. ICUS members include physicians, scientists, and other ultrasound imaging professionals in approximately 60 countries. For more information about ICUS, please visit www.icus-society.org.
|
edtsum4093
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: FORT LAUDERDALE, Fla., March 18, 2020 /PRNewswire/ -- Supplemental health brand Armourgenix has been generating industry buzz with its line of workout supplements, in the form of powders, gummies, and shakes. The company says they aim to make excellent workout nutrition available to everyone with any taste, any schedule, and any set of nutritional needs. In addition to being both natural and heavily researched, many of their products are vegan and gluten-free, and all of their products are non-GMO and contain a generous dose of top quality hemp complex. The ingredients in Armourgenix's signature recovery powder are also special for another reason. Like most recovery formulas, Armourgenix features a substantial dose of protein to help repair muscles and elevate energy, yet it also contains a variety of important amino acids to do more than just replace nutrients, but help the body to create its own. Famous in the world of weight-training for its tested ability to aid with muscle fatigue and soreness, L-Glutamine is one of the key amino acids included in Armourgenix's recovery formula. L-Glutamine is used in the biosynthesis of proteins, meaning it is a building block for producing protein within the body. An unexpected benefit of L-Glutamine is its positive impact on gut health. By playing a role in helping support the complex system of micro bacteria that live inside the human intestinal tract, L-Glutamine helps bolster the immune system. The gut is considered to be the largest bodily component of the immune system, producing most of the body's immune defense. L-Glutamine also helps users feel energized, not exhausted, after intense physical activity. Similarly, another amino acid, Leucine also helps with energy production by helping to synthesize protein. Armourgenix is interested in the way that these two aminos complement each other, and help to enhance performance. Armourgenix also contains the essential amino acid L-Isoleucine. Essential amino acids are amino acids that cannot be produced inside the body, but must be taken from outside sources such as food or supplements. L-Isoleucine is also one of three branched-chain amino acids (BCAA). Simply put, BCAAs are considered especially integral to the body's overall health by aiding with muscle recovery and skeletal muscle growth, while providing the body with the necessary energy to keep moving. Because L-Isoleucine is key for helping to repair and rebuild muscle, it is highly valued in fitness and bodybuilding. By combining the very best in sports nutrition ingredients, and including clinically proven, and industry vetted ingredients like their hemp complex powder, Armourgenix is able to produce health and fitness products that truly deliver. Armourgenix has had great success selling its products online, through its website, https://www.armourgenix.com, and now it is ready to expand into the rest of the United States market. The brand's shakes, gels, and powdered supplements will be available on a larger scale starting as soon as April 2020. Please direct inquiries to: Vincent Isom (954) 399-2207 [emailprotected] SOURCE Armourgenix
Answer:
|
The Power of Amino Acids in Your Post-Workout Supplement Armourgenix Brings the Proven Power of Amino Acids to Its Recovery Formula
|
FORT LAUDERDALE, Fla., March 18, 2020 /PRNewswire/ -- Supplemental health brand Armourgenix has been generating industry buzz with its line of workout supplements, in the form of powders, gummies, and shakes. The company says they aim to make excellent workout nutrition available to everyone with any taste, any schedule, and any set of nutritional needs. In addition to being both natural and heavily researched, many of their products are vegan and gluten-free, and all of their products are non-GMO and contain a generous dose of top quality hemp complex. The ingredients in Armourgenix's signature recovery powder are also special for another reason. Like most recovery formulas, Armourgenix features a substantial dose of protein to help repair muscles and elevate energy, yet it also contains a variety of important amino acids to do more than just replace nutrients, but help the body to create its own. Famous in the world of weight-training for its tested ability to aid with muscle fatigue and soreness, L-Glutamine is one of the key amino acids included in Armourgenix's recovery formula. L-Glutamine is used in the biosynthesis of proteins, meaning it is a building block for producing protein within the body. An unexpected benefit of L-Glutamine is its positive impact on gut health. By playing a role in helping support the complex system of micro bacteria that live inside the human intestinal tract, L-Glutamine helps bolster the immune system. The gut is considered to be the largest bodily component of the immune system, producing most of the body's immune defense. L-Glutamine also helps users feel energized, not exhausted, after intense physical activity. Similarly, another amino acid, Leucine also helps with energy production by helping to synthesize protein. Armourgenix is interested in the way that these two aminos complement each other, and help to enhance performance. Armourgenix also contains the essential amino acid L-Isoleucine. Essential amino acids are amino acids that cannot be produced inside the body, but must be taken from outside sources such as food or supplements. L-Isoleucine is also one of three branched-chain amino acids (BCAA). Simply put, BCAAs are considered especially integral to the body's overall health by aiding with muscle recovery and skeletal muscle growth, while providing the body with the necessary energy to keep moving. Because L-Isoleucine is key for helping to repair and rebuild muscle, it is highly valued in fitness and bodybuilding. By combining the very best in sports nutrition ingredients, and including clinically proven, and industry vetted ingredients like their hemp complex powder, Armourgenix is able to produce health and fitness products that truly deliver. Armourgenix has had great success selling its products online, through its website, https://www.armourgenix.com, and now it is ready to expand into the rest of the United States market. The brand's shakes, gels, and powdered supplements will be available on a larger scale starting as soon as April 2020. Please direct inquiries to: Vincent Isom (954) 399-2207 [emailprotected] SOURCE Armourgenix
|
edtsum4097
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SAN FRANCISCO, Nov. 9, 2020 /PRNewswire/ -- As businesses suffer from the pandemic-related shutdowns, many local businesses are turning to online marketing to get new customers and keep afloat. Digital marketing has traditionally been costly and complicated, and local businesses have struggled to incorporate it into their budget. This has left many wondering how they can stay competitive in today's 'online only' economy. CHKMe Organic SEO Service Agency is providing local business owners with affordable, effective digital marketing services such as website design, online advertisements, social media outreach, and search engine optimization to help small businesses survive and thrive during the pandemic. According to a digital marketing study, there is a predicted 66% increase in social media content creation during the pandemic, followed by blog content at 57% and video production at 50%. As traditional marketing and advertising spend decreases, digital marketing and advertising spend has been consistently increasing. Digital marketing, however, presents new challenges for local business owners who are more used to the traditional methods of marketing. In response, entrepreneurs have been turning to agencies that specialize in a digital marketing method called "search engine optimization" ("SEO"). SEO utilizes various tactics to drive organic traffic to a business' website and generate more client leads and greater conversions to sales. Website traffic plays a crucial role in business growth. A subset of SEO, called local SEO, focuses on increasing the likelihood of people finding a particular business online when they search for businesses and services near them. SEO experts assist business owners in assessing how potential clients make purchase decisions online, improving the business' online credibility, and making more profit. SEO can be technical and difficult to do well in a competitive industry. That is why many businesses like law firms, dentistry and medical offices, home improvement services, and consumer product stores are choosing to rely on SEO service agencies to engage more clients. Traditionally, SEO service agencies charge large monthly amounts to handle all the components of SEO that are required to boost a website's appeal and online visibility. Usually, only medium to large-sized companies were able to include SEO services in their marketing budget, leaving small businesses at a great disadvantage. CHKMe Organic SEO Agency, first established in 2015, has been helping local businesses to have a fair chance at the online business model by offering affordable SEO service packages and local SEO work. From website design and re-design to on-page SEO and link building, the team at CHKMe is able to provide full search engine optimization for businesses of any industry or topic. Eric, an apparel store owner, witnessed firsthand the benefits of SEO for his business. "Our site audience has increased by 500%, and many families reach out after reading about us online. We don't pay anything now for Google Ads. People just find our website and then call to order," says Eric. Over the past few years, CHKMe has helped clients' websites to rank first on Google for competitive keywords. Their approach is a combination of classic SEO on-page work, quality content creation such as blog posts, press releases, infographics, and videos, and unique outreach methods such as forum posting, industry-specific surveys, and email marketing. If you are interested in learning how local SEO can help your business excel, contact the team at CHKMe to schedule a free phone consultation. About CHKMe Organic SEO Agency: CHKMe Organic SEO Agency specializes in serving local businesses, and small to medium sized firms get a competitive edge in digital marketing through premium website design, online content creation, local SEO, SEO strategy, and social media promotion. For more information on how SEO can help your business generate more sales and clients, visit the CHKMe website. Media Contact:Michelle Lee [emailprotected] 530-302-5942San Francisco, CA SOURCE CHKMe Organic SEO Agency Related Links https://chkme.com/
Answer:
|
CHKMe Organic SEO Agency Helps Local Businesses Thrive in Pandemic
|
SAN FRANCISCO, Nov. 9, 2020 /PRNewswire/ -- As businesses suffer from the pandemic-related shutdowns, many local businesses are turning to online marketing to get new customers and keep afloat. Digital marketing has traditionally been costly and complicated, and local businesses have struggled to incorporate it into their budget. This has left many wondering how they can stay competitive in today's 'online only' economy. CHKMe Organic SEO Service Agency is providing local business owners with affordable, effective digital marketing services such as website design, online advertisements, social media outreach, and search engine optimization to help small businesses survive and thrive during the pandemic. According to a digital marketing study, there is a predicted 66% increase in social media content creation during the pandemic, followed by blog content at 57% and video production at 50%. As traditional marketing and advertising spend decreases, digital marketing and advertising spend has been consistently increasing. Digital marketing, however, presents new challenges for local business owners who are more used to the traditional methods of marketing. In response, entrepreneurs have been turning to agencies that specialize in a digital marketing method called "search engine optimization" ("SEO"). SEO utilizes various tactics to drive organic traffic to a business' website and generate more client leads and greater conversions to sales. Website traffic plays a crucial role in business growth. A subset of SEO, called local SEO, focuses on increasing the likelihood of people finding a particular business online when they search for businesses and services near them. SEO experts assist business owners in assessing how potential clients make purchase decisions online, improving the business' online credibility, and making more profit. SEO can be technical and difficult to do well in a competitive industry. That is why many businesses like law firms, dentistry and medical offices, home improvement services, and consumer product stores are choosing to rely on SEO service agencies to engage more clients. Traditionally, SEO service agencies charge large monthly amounts to handle all the components of SEO that are required to boost a website's appeal and online visibility. Usually, only medium to large-sized companies were able to include SEO services in their marketing budget, leaving small businesses at a great disadvantage. CHKMe Organic SEO Agency, first established in 2015, has been helping local businesses to have a fair chance at the online business model by offering affordable SEO service packages and local SEO work. From website design and re-design to on-page SEO and link building, the team at CHKMe is able to provide full search engine optimization for businesses of any industry or topic. Eric, an apparel store owner, witnessed firsthand the benefits of SEO for his business. "Our site audience has increased by 500%, and many families reach out after reading about us online. We don't pay anything now for Google Ads. People just find our website and then call to order," says Eric. Over the past few years, CHKMe has helped clients' websites to rank first on Google for competitive keywords. Their approach is a combination of classic SEO on-page work, quality content creation such as blog posts, press releases, infographics, and videos, and unique outreach methods such as forum posting, industry-specific surveys, and email marketing. If you are interested in learning how local SEO can help your business excel, contact the team at CHKMe to schedule a free phone consultation. About CHKMe Organic SEO Agency: CHKMe Organic SEO Agency specializes in serving local businesses, and small to medium sized firms get a competitive edge in digital marketing through premium website design, online content creation, local SEO, SEO strategy, and social media promotion. For more information on how SEO can help your business generate more sales and clients, visit the CHKMe website. Media Contact:Michelle Lee [emailprotected] 530-302-5942San Francisco, CA SOURCE CHKMe Organic SEO Agency Related Links https://chkme.com/
|
edtsum4113
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: EL SEGUNDO, Calif.--(BUSINESS WIRE)--24 Hour Home Care, a leading private duty home care company, has announced that Robert (Tyner) Brenneman-Slay, Co-Founder and Chief Operating Officer, has departed the company. Tyner was fundamental in contributing to the growth and success of the company over the last 12 years, as 24 Hour Home Care has grown into one of the largest in home care providers in the nation. As with any entrepreneur, Tyner wore many hats in the organization, leading compliance, human resources and information technology, while also focusing on the strategic direction of the company. Tyner is leaving to focus on his new entrepreneurial endeavors. Robert (Tyner) Brenneman Slay, Co-Founder & COO of 24 Hour Home Care, has been recognized as an EY Entrepreneur of the Year in 2017. Tyner helped 24 Hour Home Care make Fortunes Top 50 Best Workplaces for Diversity and Aging Services two years in a row. He contributed to the company making the Inc 5000 List of Americas Fastest Growing Companies for 8 consecutive years. Tyner holds a Bachelor of Science Degree from the University of Southern California Marshall School of Business with an emphasis in Entrepreneurial Studies. About 24 Hour Home Care 24 Hour Home Care provides high-quality, customized, professional caregiving services to seniors and individuals with developmental disabilities, allowing them to continue full, active, and healthy lifestyles. 24 Hour Home Care has expanded to 20 locations throughout California, Arizona, and Texas hiring over 10,000 employees. Fortune named 24 Hour Home Care to the 50 Best Places to Work In Aging Services (2018 and 2019) and Top 100 Best Workplaces for Diversity. 24 Hour Home Cares owners received the Ernst & Young Entrepreneur of the Year Award (2017) and the company was named to Inc. Magazines list of Fastest-Growing Private Companies, the Inc. 5000, for the eighth consecutive year. 24 Hour Home Care has received additional accolades, including being listed by Forbes Magazine as the #24 Most Promising Company in America.
Answer:
|
Robert Tyner Brenneman-Slay Departs 24 Hour Home Care
|
EL SEGUNDO, Calif.--(BUSINESS WIRE)--24 Hour Home Care, a leading private duty home care company, has announced that Robert (Tyner) Brenneman-Slay, Co-Founder and Chief Operating Officer, has departed the company. Tyner was fundamental in contributing to the growth and success of the company over the last 12 years, as 24 Hour Home Care has grown into one of the largest in home care providers in the nation. As with any entrepreneur, Tyner wore many hats in the organization, leading compliance, human resources and information technology, while also focusing on the strategic direction of the company. Tyner is leaving to focus on his new entrepreneurial endeavors. Robert (Tyner) Brenneman Slay, Co-Founder & COO of 24 Hour Home Care, has been recognized as an EY Entrepreneur of the Year in 2017. Tyner helped 24 Hour Home Care make Fortunes Top 50 Best Workplaces for Diversity and Aging Services two years in a row. He contributed to the company making the Inc 5000 List of Americas Fastest Growing Companies for 8 consecutive years. Tyner holds a Bachelor of Science Degree from the University of Southern California Marshall School of Business with an emphasis in Entrepreneurial Studies. About 24 Hour Home Care 24 Hour Home Care provides high-quality, customized, professional caregiving services to seniors and individuals with developmental disabilities, allowing them to continue full, active, and healthy lifestyles. 24 Hour Home Care has expanded to 20 locations throughout California, Arizona, and Texas hiring over 10,000 employees. Fortune named 24 Hour Home Care to the 50 Best Places to Work In Aging Services (2018 and 2019) and Top 100 Best Workplaces for Diversity. 24 Hour Home Cares owners received the Ernst & Young Entrepreneur of the Year Award (2017) and the company was named to Inc. Magazines list of Fastest-Growing Private Companies, the Inc. 5000, for the eighth consecutive year. 24 Hour Home Care has received additional accolades, including being listed by Forbes Magazine as the #24 Most Promising Company in America.
|
edtsum4121
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK--(BUSINESS WIRE)--Offensive Security, the leading provider of hands-on cybersecurity training and certifications, today announced the launch of Windows User Mode Exploit Development (EXP-301), a new course focused on exploit development and reverse engineering techniques. EXP-301 teaches the fundamentals of exploit development, and emphasizes the techniques that security researchers must learn to understand and attack standard Windows protections. Security today requires constantly staying one step ahead of attackers, and this necessitates a creative, curious, adversarial mindset, said Ning Wang, CEO, Offensive Security. Defenders must not only understand all the defense techniques that enterprises employ, but also be able to take the next step and infer from there how attackers work to bypass these defenses. At OffSec we are committed to continually updating our training offerings with new courses like EXP-301 to keep our students thinking adversarially. The EXP-301 course gives students a firm command of the techniques needed to bypass popular Windows defenses such as Data Execution Prevention (DEP) and Address Space Layout Randomization (ASLR). The course also emphasizes techniques for reverse engineering binary applications and identifying security weaknesses. Students who complete the new course are eligible to sit for their EXP-301 exam and earn the new Offensive Security Exploit Development (OSED) certification, demonstrating their ability to create custom exploits. Obtaining the OSED certification puts students on the path to acquiring the new Offensive Security Certified Expert - Three (OSCE3) designation. By passing the relevant exams for EXP-301, PEN-300, and WEB-300 (AWAE) a student is automatically granted their OSCE3, demonstrating expertise in Offensive Security's three primary learning paths: Penetration Testing, Web Application Attacks, and Exploit Development. A pure exploit development and reverse engineering course geared for the intermediate level that expands on concepts covered in the recently retired Cracking the Perimeter (CTP) course, EXP-301 emphasizes important offensive security techniques and begins to prepare students for the notorious Advanced Windows Exploitation (AWE) course and the Offensive Security Exploitation Expert (OSEE) certification. EXP-301 teaches the skills necessary to bypass DEP and ASLR security mitigations, create advanced custom Return-Oriented Programming (ROP) chains, reverse-engineer a network protocol and even create read and write primitives by exploiting format string specifiers. For more information on EXP-301 visit www.offensive-security.com or follow Offensive Security on Twitter @offsectraining and LinkedIn. About Offensive Security Offensive Security is the leading provider of online penetration testing training and certification for information security professionals. Created by the community for the community, Offensive Securitys one-of-a-kind mix of practical, hands-on training and certification programs, virtual labs and open source projects provide practitioners with the highly-desired offensive skills required to advance their careers and better protect their organizations. Offensive Security is committed to funding and growing Kali Linux, the leading operating system for penetration testing, ethical hacking and network security assessments. For more information, visit www.offensive-security.com/ and follow @offsectraining and@kalilinux.
Answer:
|
Offensive Security Launches New Course and Certification for Exploit Development and Reverse Engineering New Windows User Mode Exploit Development (EXP-301) Training Course Teaches Exploit Development and Reverse Engineering Techniques
|
NEW YORK--(BUSINESS WIRE)--Offensive Security, the leading provider of hands-on cybersecurity training and certifications, today announced the launch of Windows User Mode Exploit Development (EXP-301), a new course focused on exploit development and reverse engineering techniques. EXP-301 teaches the fundamentals of exploit development, and emphasizes the techniques that security researchers must learn to understand and attack standard Windows protections. Security today requires constantly staying one step ahead of attackers, and this necessitates a creative, curious, adversarial mindset, said Ning Wang, CEO, Offensive Security. Defenders must not only understand all the defense techniques that enterprises employ, but also be able to take the next step and infer from there how attackers work to bypass these defenses. At OffSec we are committed to continually updating our training offerings with new courses like EXP-301 to keep our students thinking adversarially. The EXP-301 course gives students a firm command of the techniques needed to bypass popular Windows defenses such as Data Execution Prevention (DEP) and Address Space Layout Randomization (ASLR). The course also emphasizes techniques for reverse engineering binary applications and identifying security weaknesses. Students who complete the new course are eligible to sit for their EXP-301 exam and earn the new Offensive Security Exploit Development (OSED) certification, demonstrating their ability to create custom exploits. Obtaining the OSED certification puts students on the path to acquiring the new Offensive Security Certified Expert - Three (OSCE3) designation. By passing the relevant exams for EXP-301, PEN-300, and WEB-300 (AWAE) a student is automatically granted their OSCE3, demonstrating expertise in Offensive Security's three primary learning paths: Penetration Testing, Web Application Attacks, and Exploit Development. A pure exploit development and reverse engineering course geared for the intermediate level that expands on concepts covered in the recently retired Cracking the Perimeter (CTP) course, EXP-301 emphasizes important offensive security techniques and begins to prepare students for the notorious Advanced Windows Exploitation (AWE) course and the Offensive Security Exploitation Expert (OSEE) certification. EXP-301 teaches the skills necessary to bypass DEP and ASLR security mitigations, create advanced custom Return-Oriented Programming (ROP) chains, reverse-engineer a network protocol and even create read and write primitives by exploiting format string specifiers. For more information on EXP-301 visit www.offensive-security.com or follow Offensive Security on Twitter @offsectraining and LinkedIn. About Offensive Security Offensive Security is the leading provider of online penetration testing training and certification for information security professionals. Created by the community for the community, Offensive Securitys one-of-a-kind mix of practical, hands-on training and certification programs, virtual labs and open source projects provide practitioners with the highly-desired offensive skills required to advance their careers and better protect their organizations. Offensive Security is committed to funding and growing Kali Linux, the leading operating system for penetration testing, ethical hacking and network security assessments. For more information, visit www.offensive-security.com/ and follow @offsectraining and@kalilinux.
|
edtsum4124
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: ENGLEWOOD CLIFFS, N.J.--(BUSINESS WIRE)--Unilever North America announced today a $15 million investment in Closed Loop Partners Leadership Fund to help recycle an estimated 60,000 metric tons of U.S. plastic packaging waste annually by 2025, an amount equivalent to more than half of Unilevers plastics footprint in North America. The impact of Unilevers new investment and its continued use of post-consumer recycled (PCR) plastic packaging, which is approximately 59,000 metric tons per year, will underpin the delivery of its commitment to collect and process more plastic packaging than it sells by 2025. Closed Loop Partners Leadership Fund is a private equity fund that acquires and grows companies across the value chain working to increase recycling and keep valuable materials in the circular economy and out of landfills. We believe plastics place is inside the circular economy where it is reused, and not in the environment, said Fabian Garcia, President of Unilever North America. Were advocating to transform the recycling system for a waste-free world, and we urgently need business investment to help make it happen. Unilever is a pioneer and leader when it comes to recognizing the economic, social and environmental value of embedding circular economy principles throughout their business, critically moving from ambitious commitments and goals to tangible action and progress, said Ron Gonen, Founder and CEO of Closed Loop Partners. Unilevers investment in Closed Loop Partners Leadership Fund, in addition to its existing investment in our Infrastructure Fund, will help accelerate the shift toward more circular supply chains by scaling best-in-class circular business models and supporting the technological breakthroughs and sustainable innovations that keep valuable materials continuously cycling in manufacturing supply chains. Unilevers goal to collect and process more plastic packaging than it sells is a part of its ambitious set of "Waste-Free World commitments. Those global commitments include halving use of virgin plastic; ensuring all of its plastic packaging is reusable, recyclable or compostable; and using at least 25 percent recycled plastic in its packaging. Half of the 118,000 metric tons of plastic packaging used by Unilever North America is PCR plastic. Many of its brands, including Dove, Hellmanns, and Seventh Generation, already use 100 percent PCR bottles. The investment in Closed Loop Partners Leadership Fund will help secure additional PCR plastic supply for Unilever brands and increase access to recycled plastic feedstock processed by the companies the Fund invests in. In addition to its private investments to improve recycling, Unilever is advocating for producer responsibility legislation that would significantly increase broader investment needed from the industry to transform the recycling system. The company is working with major CPG companies through the Circular Economy Accelerators to promote a plan for brands to fund needed recycling infrastructure investments in the U.S. In Canada, Unilever North America participates in extended producer responsibility programs in provinces with established programs. Note to Editors: Unilevers Waste-Free World commitments: By 2025, Unilever will: Unilever will transform its approach to plastic packing through its Less plastic. Better plastic. No plastic. internal framework. The framework which was implemented in 2017 outlines the approach to achieving its commitments and guides its innovation. Learn more on Unilevers Waste-Free World hub. About Unilever North America Unilever is one of the worlds leading suppliers of Beauty & Personal Care, Home Care, and Foods & Refreshment products, with sales in over 190 countries and products used by 2.5 billion people every day. We have 149,000 employees and generated sales of 50.7 billion in 2020. Over half of our footprint is in developing and emerging markets. We have around 400 brands found in homes all over the world. In the United States and Canada, the portfolio includes iconic brand such as: Dove, Knorr, Hellmanns, Lipton, Magnum, Axe, Ben & Jerrys, Degree, Dollar Shave Club, Q-tips, Seventh Generation, St. Ives, Suave, TRESemm, and Vaseline. Our vision is to be the global leader in sustainable business and to demonstrate how our purpose-led, future-fit business model drives superior performance. We have a long tradition of being a progressive, responsible business. It goes back to the days of our founder William Lever, who launched the worlds first purposeful brand, Sunlight Soap, more than 100 years ago, and its at the heart of how we run our company today. The Unilever Compass, our sustainable business strategy, is set out to help us deliver superior performance and drive sustainable and responsible growth, while: While there is still more to do, we are proud to have been recognized in 2020 as a sector leader in the Dow Jones Sustainability Index and for the tenth-consecutive year as the top ranked company in the 2020 GlobeScan/SustainAbility Sustainability Leaders survey. For more information on Unilever U.S. and its brands visit: www.unileverusa.com For more information on Unilever Canada and its brands visit: www.unilever.ca About the Closed Loop Leadership Fund at Closed Loop Partners The Closed Loop Leadership Fund is Closed Loop Partners private equity fund, focused on acquiring best-in-class circular business models that are fundamental to keeping plastics and packaging, food and organics, electronics and textiles out of landfills and within a circular system. Closed Loop Partners is a New York-based investment firm comprised of venture capital, growth equity, private equity, project-based finance and an innovation center focused on building the circular economy. The firm's business verticals build upon one another, bridging gaps and fostering synergies to scale the circular economy. To learn about the Closed Loop Leadership Fund, visit Closed Loop Partners website.
Answer:
|
Unilever North America Investment Will Recover More than Half of its Plastic Packaging Footprint Company will collect more plastic than it sells by 2025 through Closed Loop Partners investment and shift to recycled plastic
|
ENGLEWOOD CLIFFS, N.J.--(BUSINESS WIRE)--Unilever North America announced today a $15 million investment in Closed Loop Partners Leadership Fund to help recycle an estimated 60,000 metric tons of U.S. plastic packaging waste annually by 2025, an amount equivalent to more than half of Unilevers plastics footprint in North America. The impact of Unilevers new investment and its continued use of post-consumer recycled (PCR) plastic packaging, which is approximately 59,000 metric tons per year, will underpin the delivery of its commitment to collect and process more plastic packaging than it sells by 2025. Closed Loop Partners Leadership Fund is a private equity fund that acquires and grows companies across the value chain working to increase recycling and keep valuable materials in the circular economy and out of landfills. We believe plastics place is inside the circular economy where it is reused, and not in the environment, said Fabian Garcia, President of Unilever North America. Were advocating to transform the recycling system for a waste-free world, and we urgently need business investment to help make it happen. Unilever is a pioneer and leader when it comes to recognizing the economic, social and environmental value of embedding circular economy principles throughout their business, critically moving from ambitious commitments and goals to tangible action and progress, said Ron Gonen, Founder and CEO of Closed Loop Partners. Unilevers investment in Closed Loop Partners Leadership Fund, in addition to its existing investment in our Infrastructure Fund, will help accelerate the shift toward more circular supply chains by scaling best-in-class circular business models and supporting the technological breakthroughs and sustainable innovations that keep valuable materials continuously cycling in manufacturing supply chains. Unilevers goal to collect and process more plastic packaging than it sells is a part of its ambitious set of "Waste-Free World commitments. Those global commitments include halving use of virgin plastic; ensuring all of its plastic packaging is reusable, recyclable or compostable; and using at least 25 percent recycled plastic in its packaging. Half of the 118,000 metric tons of plastic packaging used by Unilever North America is PCR plastic. Many of its brands, including Dove, Hellmanns, and Seventh Generation, already use 100 percent PCR bottles. The investment in Closed Loop Partners Leadership Fund will help secure additional PCR plastic supply for Unilever brands and increase access to recycled plastic feedstock processed by the companies the Fund invests in. In addition to its private investments to improve recycling, Unilever is advocating for producer responsibility legislation that would significantly increase broader investment needed from the industry to transform the recycling system. The company is working with major CPG companies through the Circular Economy Accelerators to promote a plan for brands to fund needed recycling infrastructure investments in the U.S. In Canada, Unilever North America participates in extended producer responsibility programs in provinces with established programs. Note to Editors: Unilevers Waste-Free World commitments: By 2025, Unilever will: Unilever will transform its approach to plastic packing through its Less plastic. Better plastic. No plastic. internal framework. The framework which was implemented in 2017 outlines the approach to achieving its commitments and guides its innovation. Learn more on Unilevers Waste-Free World hub. About Unilever North America Unilever is one of the worlds leading suppliers of Beauty & Personal Care, Home Care, and Foods & Refreshment products, with sales in over 190 countries and products used by 2.5 billion people every day. We have 149,000 employees and generated sales of 50.7 billion in 2020. Over half of our footprint is in developing and emerging markets. We have around 400 brands found in homes all over the world. In the United States and Canada, the portfolio includes iconic brand such as: Dove, Knorr, Hellmanns, Lipton, Magnum, Axe, Ben & Jerrys, Degree, Dollar Shave Club, Q-tips, Seventh Generation, St. Ives, Suave, TRESemm, and Vaseline. Our vision is to be the global leader in sustainable business and to demonstrate how our purpose-led, future-fit business model drives superior performance. We have a long tradition of being a progressive, responsible business. It goes back to the days of our founder William Lever, who launched the worlds first purposeful brand, Sunlight Soap, more than 100 years ago, and its at the heart of how we run our company today. The Unilever Compass, our sustainable business strategy, is set out to help us deliver superior performance and drive sustainable and responsible growth, while: While there is still more to do, we are proud to have been recognized in 2020 as a sector leader in the Dow Jones Sustainability Index and for the tenth-consecutive year as the top ranked company in the 2020 GlobeScan/SustainAbility Sustainability Leaders survey. For more information on Unilever U.S. and its brands visit: www.unileverusa.com For more information on Unilever Canada and its brands visit: www.unilever.ca About the Closed Loop Leadership Fund at Closed Loop Partners The Closed Loop Leadership Fund is Closed Loop Partners private equity fund, focused on acquiring best-in-class circular business models that are fundamental to keeping plastics and packaging, food and organics, electronics and textiles out of landfills and within a circular system. Closed Loop Partners is a New York-based investment firm comprised of venture capital, growth equity, private equity, project-based finance and an innovation center focused on building the circular economy. The firm's business verticals build upon one another, bridging gaps and fostering synergies to scale the circular economy. To learn about the Closed Loop Leadership Fund, visit Closed Loop Partners website.
|
edtsum4125
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LOS ANGELES, April 26, 2021 /PRNewswire/ --Scali Rasmussen Shareholder Monica Baumannhas been selected as an honoree in the Los Angeles Business Journal special supplement recognizing the city's most influential women attorneys. The Journal's Publisher and CEO Josh Schimmels writes, "Los Angeles is truly a national leader when it comes to influential women and the field of law is no exception." The women named in the special issue "have been recognized for exceptional legal skill and achievement across the full spectrum of responsibility, exemplary leadership as evidenced by the highest professional and ethical standards, and for contributions to the Los Angeles community at large." "Monica is a savvy lawyer who continually demonstrates the highest level of strategy and client service," said Scali Rasmussen Founder and Managing Shareholder Christian Scali. Baumann's work focuses on navigating clients through complex regulations and limiting legal risk. She is certified as an Information Privacy Professional and Corporate Compliance and Ethics Professional. She has worked with auto dealers and other clients to develop compliance solutions to some of their toughest problems, such as emerging state privacy laws, complex licensing issues, and government enforcement actions. "Monica Baumann is a litigator and adviser with extensive experience in the automotive industry and in consumer environmental litigation, including Proposition 65 issues," reports the publication. "She advises dealer clients and litigates all aspects of dealership legal and regulatory compliance. She previously served as director of legal and regulatory affairs with the California New Car Dealers Association, where she developed cutting edge compliance programs for dealerships and focused on emerging legal and regulatory issues impacting the sales, finance and service of vehicles. Baumann has extensive experience working with dealers and their staff to find practical business solutions to tough legal issues." Scali Rasmussenattorneys are thought leaders in the automotive industry, often called upon to provide their opinions on new and trending issues on auto distribution and franchise, F&I, employment and advertising issues. The firm drafted the CNCDA's 2015 and 2017 Advertising Law Manuals, providing auto dealers with practical guidance on advertising practices. For more information, visit ScaliRasmussen.com. SOURCE Scali Rasmussen
Answer:
|
Scali Rasmussen's Monica Baumann Among Los Angeles' Most Influential Women Attorneys
|
LOS ANGELES, April 26, 2021 /PRNewswire/ --Scali Rasmussen Shareholder Monica Baumannhas been selected as an honoree in the Los Angeles Business Journal special supplement recognizing the city's most influential women attorneys. The Journal's Publisher and CEO Josh Schimmels writes, "Los Angeles is truly a national leader when it comes to influential women and the field of law is no exception." The women named in the special issue "have been recognized for exceptional legal skill and achievement across the full spectrum of responsibility, exemplary leadership as evidenced by the highest professional and ethical standards, and for contributions to the Los Angeles community at large." "Monica is a savvy lawyer who continually demonstrates the highest level of strategy and client service," said Scali Rasmussen Founder and Managing Shareholder Christian Scali. Baumann's work focuses on navigating clients through complex regulations and limiting legal risk. She is certified as an Information Privacy Professional and Corporate Compliance and Ethics Professional. She has worked with auto dealers and other clients to develop compliance solutions to some of their toughest problems, such as emerging state privacy laws, complex licensing issues, and government enforcement actions. "Monica Baumann is a litigator and adviser with extensive experience in the automotive industry and in consumer environmental litigation, including Proposition 65 issues," reports the publication. "She advises dealer clients and litigates all aspects of dealership legal and regulatory compliance. She previously served as director of legal and regulatory affairs with the California New Car Dealers Association, where she developed cutting edge compliance programs for dealerships and focused on emerging legal and regulatory issues impacting the sales, finance and service of vehicles. Baumann has extensive experience working with dealers and their staff to find practical business solutions to tough legal issues." Scali Rasmussenattorneys are thought leaders in the automotive industry, often called upon to provide their opinions on new and trending issues on auto distribution and franchise, F&I, employment and advertising issues. The firm drafted the CNCDA's 2015 and 2017 Advertising Law Manuals, providing auto dealers with practical guidance on advertising practices. For more information, visit ScaliRasmussen.com. SOURCE Scali Rasmussen
|
edtsum4128
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: CLEVELAND, Feb.11, 2021 /PRNewswire/ --The Sherwin-Williams Company (NYSE: SHW) today announced it will hold its annual Financial Community Presentation (FCP) on Tuesday, June 8, 2021, from 9:00 am 12:00 pm EDT. As a result of the COVID-19 pandemic, the event will be held in a virtual format to protect the health and well-being of participants. The event will include presentations and a question and answer session with Chairman and Chief Executive Officer John G. Morikis and other members of management. New additions to this year's agenda include a technology showcase and environmental, social, and governance (ESG) highlights. (PRNewsfoto/The Sherwin-Williams Company) Registration information will be shared closer to the event. A live audio webcast link will be available on the day of the event at https://investors.sherwin-williams.com/events-and-presentations/default.aspx. If you are interested in attending or for additional information, please contact the Investor Relations team at[emailprotected]. About the Sherwin-Williams Company Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of paint, coatings and related products to professional, industrial, commercial, and retail customers. Sherwin-Williams manufactures products under well-known brands such as Sherwin-Williams, Valspar, HGTV HOME by Sherwin-Williams, Dutch Boy, Krylon, Minwax, Thompson's Water Seal, Cabot, and many more. With global headquarters in Cleveland, Ohio, Sherwin-Williams branded products are sold exclusively through a chain of more than 4,900 company-operated stores and facilities, while the company's other brands are sold through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers, and industrial distributors. The Sherwin-Williams Performance Coatings Group supplies a broad range of highly-engineered solutions for the construction, industrial, packaging and transportation markets in more than 120 countries around the world. Sherwin-Williams shares are traded on the New York Stock Exchange (symbol: SHW).For more information, visitwww.sherwin.comInvestor Relations Contacts: Jim Jaye Senior Vice President, Investor Relations & Corporate Communications Sherwin-Williams Direct: 216.515.8682 [emailprotected] Eric Swanson Vice President, Investor Relations Sherwin-Williams Direct: 216.566.2766 [emailprotected] Media Contact: Julie Young Vice President, Global Corporate Communications Sherwin-Williams Direct: 216.515.8849 [emailprotected] SOURCE The Sherwin-Williams Company Related Links http://www.sherwin.com
Answer:
|
Sherwin-Williams to Hold 2021 Financial Community Presentation Virtually on June 8, 2021
|
CLEVELAND, Feb.11, 2021 /PRNewswire/ --The Sherwin-Williams Company (NYSE: SHW) today announced it will hold its annual Financial Community Presentation (FCP) on Tuesday, June 8, 2021, from 9:00 am 12:00 pm EDT. As a result of the COVID-19 pandemic, the event will be held in a virtual format to protect the health and well-being of participants. The event will include presentations and a question and answer session with Chairman and Chief Executive Officer John G. Morikis and other members of management. New additions to this year's agenda include a technology showcase and environmental, social, and governance (ESG) highlights. (PRNewsfoto/The Sherwin-Williams Company) Registration information will be shared closer to the event. A live audio webcast link will be available on the day of the event at https://investors.sherwin-williams.com/events-and-presentations/default.aspx. If you are interested in attending or for additional information, please contact the Investor Relations team at[emailprotected]. About the Sherwin-Williams Company Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of paint, coatings and related products to professional, industrial, commercial, and retail customers. Sherwin-Williams manufactures products under well-known brands such as Sherwin-Williams, Valspar, HGTV HOME by Sherwin-Williams, Dutch Boy, Krylon, Minwax, Thompson's Water Seal, Cabot, and many more. With global headquarters in Cleveland, Ohio, Sherwin-Williams branded products are sold exclusively through a chain of more than 4,900 company-operated stores and facilities, while the company's other brands are sold through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers, and industrial distributors. The Sherwin-Williams Performance Coatings Group supplies a broad range of highly-engineered solutions for the construction, industrial, packaging and transportation markets in more than 120 countries around the world. Sherwin-Williams shares are traded on the New York Stock Exchange (symbol: SHW).For more information, visitwww.sherwin.comInvestor Relations Contacts: Jim Jaye Senior Vice President, Investor Relations & Corporate Communications Sherwin-Williams Direct: 216.515.8682 [emailprotected] Eric Swanson Vice President, Investor Relations Sherwin-Williams Direct: 216.566.2766 [emailprotected] Media Contact: Julie Young Vice President, Global Corporate Communications Sherwin-Williams Direct: 216.515.8849 [emailprotected] SOURCE The Sherwin-Williams Company Related Links http://www.sherwin.com
|
edtsum4131
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SEATTLE--(BUSINESS WIRE)--According to Coherent Market Insights, the global home infusion therapy market is estimated to be valued at US$ 1,995.3 million in 2020 and is expected to exhibit a CAGR of 6.5% during the forecast period (2020-2027). Key Trends and Analysis of the Global Home Infusion Therapy Market: Key trends in the home infusion therapy market includes increasing incidence of chronic and life threatening diseases such as diabetes, cancer, cardiovascular diseases and others, approvals of novel products, and strategic collaborations and acquisitions among key players. These factors are expected to aid growth of the market. According to a report published by The International Diabetes Federation (IDF) in February 2020, around 463 million adults (20-79 years) had diabetes in 2019, and the number is expected reach 700 million by 2045. Moreover, according to the same source, diabetes caused 4.2 million deaths in 2019 and 79% of the global adults population living with diabetes in low- and mid-income countries. Moreover, increasing approval of novel products is expected to drive the market growth during the forecast period. For instance, in April 2020, B Braun Melsungen received Emergency Use Authorization (EUA) from the U.S. FDA for the use of infusion pumps with nebulizers to treat COVID-19 patients. This has resulted in increased sales and customer base. Furthermore, key players operating in the global home infusion therapy market are focusing on adoption of inorganic growth strategies such as acquisitions and collaborations to increase their market presence in the global market. For instance, in November 2019, ICU Medical, Inc. acquired Pursuit Vascular, a medical device manufacturing company. As a result of this acquisition, the company acquired the ClearGuard HD, a natural extension of their needle-free IV connector and other infection control technologies. Request Sample Copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/4276 Key Market Takeaways: The global home infusion therapy market is expected to exhibit a CAGR of 6.5% during the forecast period owing to increasing incidence of cardiovascular diseases. For instance, according to the World Health Organization 2017 report, an estimated 17.9 million people died due to cardiovascular diseases (CVDs) in 2016, representing 31% of all global deaths, out of which, around 85% deaths were caused due to heart attack and stroke. Among product type, the infusion pump segment accounted for the largest market share in 2020, owing to approval of novel products. For instance, in May 2018, Baxter International Inc. obtained the U.S. Food and Drug Administration (FDA) clearance of the Spectrum IQ Infusion System with Dose IQ Safety Software. The Spectrum IQ system is the first-of-its-kind designed specifically for bi-directional electronic medical records (EMR) integration with new exclusive features to help ensure correct medications and fluids are delivered to the patient. Competitive Landscape: Key players operating in the global home infusion therapy market are Becton, Dickinson and Company, B. Braun Melsungen AG, Nipro Corporation, ICU Medical, Inc., Baxter International Inc., Terumo Corporation, Smiths Medical, Fresenius Kabi AG, Eli Lilly and Company, JMS Co. Ltd., and NewIV Medical, Inc. Buy-Now this Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/4276 Market Segmentation: About Us: Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.
Answer:
|
Global Home Infusion Therapy Market to Surpass US$ 3,108.1Million by 2027, Says Coherent Market Insights (CMI)
|
SEATTLE--(BUSINESS WIRE)--According to Coherent Market Insights, the global home infusion therapy market is estimated to be valued at US$ 1,995.3 million in 2020 and is expected to exhibit a CAGR of 6.5% during the forecast period (2020-2027). Key Trends and Analysis of the Global Home Infusion Therapy Market: Key trends in the home infusion therapy market includes increasing incidence of chronic and life threatening diseases such as diabetes, cancer, cardiovascular diseases and others, approvals of novel products, and strategic collaborations and acquisitions among key players. These factors are expected to aid growth of the market. According to a report published by The International Diabetes Federation (IDF) in February 2020, around 463 million adults (20-79 years) had diabetes in 2019, and the number is expected reach 700 million by 2045. Moreover, according to the same source, diabetes caused 4.2 million deaths in 2019 and 79% of the global adults population living with diabetes in low- and mid-income countries. Moreover, increasing approval of novel products is expected to drive the market growth during the forecast period. For instance, in April 2020, B Braun Melsungen received Emergency Use Authorization (EUA) from the U.S. FDA for the use of infusion pumps with nebulizers to treat COVID-19 patients. This has resulted in increased sales and customer base. Furthermore, key players operating in the global home infusion therapy market are focusing on adoption of inorganic growth strategies such as acquisitions and collaborations to increase their market presence in the global market. For instance, in November 2019, ICU Medical, Inc. acquired Pursuit Vascular, a medical device manufacturing company. As a result of this acquisition, the company acquired the ClearGuard HD, a natural extension of their needle-free IV connector and other infection control technologies. Request Sample Copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/4276 Key Market Takeaways: The global home infusion therapy market is expected to exhibit a CAGR of 6.5% during the forecast period owing to increasing incidence of cardiovascular diseases. For instance, according to the World Health Organization 2017 report, an estimated 17.9 million people died due to cardiovascular diseases (CVDs) in 2016, representing 31% of all global deaths, out of which, around 85% deaths were caused due to heart attack and stroke. Among product type, the infusion pump segment accounted for the largest market share in 2020, owing to approval of novel products. For instance, in May 2018, Baxter International Inc. obtained the U.S. Food and Drug Administration (FDA) clearance of the Spectrum IQ Infusion System with Dose IQ Safety Software. The Spectrum IQ system is the first-of-its-kind designed specifically for bi-directional electronic medical records (EMR) integration with new exclusive features to help ensure correct medications and fluids are delivered to the patient. Competitive Landscape: Key players operating in the global home infusion therapy market are Becton, Dickinson and Company, B. Braun Melsungen AG, Nipro Corporation, ICU Medical, Inc., Baxter International Inc., Terumo Corporation, Smiths Medical, Fresenius Kabi AG, Eli Lilly and Company, JMS Co. Ltd., and NewIV Medical, Inc. Buy-Now this Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/4276 Market Segmentation: About Us: Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.
|
edtsum4136
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DUNDEE, Scotland--(BUSINESS WIRE)--Ubiquigent Limited (Ubiquigent) announced today that it has entered into a license agreement with Medivir AB (Nasdaq Stockholm: MVIR) for Medivirs preclinical USP7 research program. Under the terms of the agreement, Medivir has granted Ubiquigent an exclusive worldwide license to develop and commercialize the program including all associated compounds across any therapeutic indication(s) in return for agreed revenue share upon successful development or commercialization by Ubiquigent. Ubiquitin specific peptidase 7 (USP7) is a deubiquitylating (DUB) enzyme that has been linked to cancer due to its ability to deubiquitylate substrates that regulate key oncogenic, DNA-damage response and tumor initiating pathways. Inhibitors of USP7 therefore represent an exciting opportunity to be effective treatments in targeted patient populations in oncology either as a monotherapy or in combination therapies. Ubiquigent has established itself as a respected partner in the DUB field with a strong track record in the development of small molecule DUB inhibitors both through supporting the drug discovery efforts of its partners and by the strengthening of its own portfolio of novel DUB inhibitors. This latest agreement builds upon an existing long-term relationship between the parties and directly supports Ubiquigents strategy to build and commercialize a strong IP portfolio of novel DUB inhibitors. - : We are very pleased that Medivir's research program aimed at the development of USP7 inhibitors has been licensed to Ubiquigent. With an excellent track-record and strong research capabilities within the DUB field, we believe that Ubiquigent is perfectly positioned to further progress the USP7 program. We look forward to Ubiquigent's successful development of the USP7 assets, said Fredrik berg, CSO at Medivir. - : This agreement with Medivir is a tremendous endorsement of our approach and represents a significant milestone for Ubiquigent. We look forward to continuing to support our partners in the development of exciting new therapeutics around USP7 and other DUBs of therapeutic relevance by providing a highly druggable approach to protein degradation, said Ubiquigents Managing Director, Jason Mundin. About Medivir Medivir develops innovative drugs with a focus on cancer where the unmet medical needs are high. The drug candidates are directed toward indication areas where available therapies are limited or missing and there are great opportunities to offer significant improvements to patients. Medivir is focusing on the development of MIV-818, a pro-drug designed to selectively treat liver cancer cells and to minimize side effects. Collaborations and partnerships are important parts of Medivir's business model, and the drug development is conducted either by Medivir or in partnership. Birinapant, a SMAC mimetic, is exclusively outlicensed to IGM Biosciences (Nasdaq: IGMS) to be developed in combination with IGM-8444 for the treatment of solid tumors. Medivir's share (ticker: MVIR) is listed on Nasdaq Stockholm's Small Cap list. www.medivir.com About Ubiquigent Ubiquigent Limited enables and supports protein degradation focused drug discovery via modulation and exploitation of the ubiquitin system. Our chemistry and biology platforms allow us to design and develop novel compounds as part of strategic partnerships. In parallel Ubiquigent also provides access to our platforms and capabilities for the evaluation of our partners compounds. About deubiquitylating (DUB) enzymes The attachment of ubiquitin, or chains of ubiquitin, to a substrate protein may confer on it a specific cellular signalling function or target that protein for degradation - subject to the type of chain attached. The deubiquitylating (DUB) enzymes are a class of druggable enzymes that remove this ubiquitylation marker from proteins thereby rescuing them from degradation and/or reversing their modulation of signalling pathways. The inhibition of DUBs therefore offers another, largely unexploited, route to achieve the degradation of therapeutically relevant protein targets. For more information please visit www.ubiquigent.com
Answer:
|
Medivir Licenses Preclinical USP7 Program to Ubiquigent
|
DUNDEE, Scotland--(BUSINESS WIRE)--Ubiquigent Limited (Ubiquigent) announced today that it has entered into a license agreement with Medivir AB (Nasdaq Stockholm: MVIR) for Medivirs preclinical USP7 research program. Under the terms of the agreement, Medivir has granted Ubiquigent an exclusive worldwide license to develop and commercialize the program including all associated compounds across any therapeutic indication(s) in return for agreed revenue share upon successful development or commercialization by Ubiquigent. Ubiquitin specific peptidase 7 (USP7) is a deubiquitylating (DUB) enzyme that has been linked to cancer due to its ability to deubiquitylate substrates that regulate key oncogenic, DNA-damage response and tumor initiating pathways. Inhibitors of USP7 therefore represent an exciting opportunity to be effective treatments in targeted patient populations in oncology either as a monotherapy or in combination therapies. Ubiquigent has established itself as a respected partner in the DUB field with a strong track record in the development of small molecule DUB inhibitors both through supporting the drug discovery efforts of its partners and by the strengthening of its own portfolio of novel DUB inhibitors. This latest agreement builds upon an existing long-term relationship between the parties and directly supports Ubiquigents strategy to build and commercialize a strong IP portfolio of novel DUB inhibitors. - : We are very pleased that Medivir's research program aimed at the development of USP7 inhibitors has been licensed to Ubiquigent. With an excellent track-record and strong research capabilities within the DUB field, we believe that Ubiquigent is perfectly positioned to further progress the USP7 program. We look forward to Ubiquigent's successful development of the USP7 assets, said Fredrik berg, CSO at Medivir. - : This agreement with Medivir is a tremendous endorsement of our approach and represents a significant milestone for Ubiquigent. We look forward to continuing to support our partners in the development of exciting new therapeutics around USP7 and other DUBs of therapeutic relevance by providing a highly druggable approach to protein degradation, said Ubiquigents Managing Director, Jason Mundin. About Medivir Medivir develops innovative drugs with a focus on cancer where the unmet medical needs are high. The drug candidates are directed toward indication areas where available therapies are limited or missing and there are great opportunities to offer significant improvements to patients. Medivir is focusing on the development of MIV-818, a pro-drug designed to selectively treat liver cancer cells and to minimize side effects. Collaborations and partnerships are important parts of Medivir's business model, and the drug development is conducted either by Medivir or in partnership. Birinapant, a SMAC mimetic, is exclusively outlicensed to IGM Biosciences (Nasdaq: IGMS) to be developed in combination with IGM-8444 for the treatment of solid tumors. Medivir's share (ticker: MVIR) is listed on Nasdaq Stockholm's Small Cap list. www.medivir.com About Ubiquigent Ubiquigent Limited enables and supports protein degradation focused drug discovery via modulation and exploitation of the ubiquitin system. Our chemistry and biology platforms allow us to design and develop novel compounds as part of strategic partnerships. In parallel Ubiquigent also provides access to our platforms and capabilities for the evaluation of our partners compounds. About deubiquitylating (DUB) enzymes The attachment of ubiquitin, or chains of ubiquitin, to a substrate protein may confer on it a specific cellular signalling function or target that protein for degradation - subject to the type of chain attached. The deubiquitylating (DUB) enzymes are a class of druggable enzymes that remove this ubiquitylation marker from proteins thereby rescuing them from degradation and/or reversing their modulation of signalling pathways. The inhibition of DUBs therefore offers another, largely unexploited, route to achieve the degradation of therapeutically relevant protein targets. For more information please visit www.ubiquigent.com
|
edtsum4143
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: MELBOURNE, Fla., June 12, 2020 /PRNewswire/ -- Innovative Routines International (IRI, a/k/a The CoSort Company), has again been included in Database Trends and Applications (DBTA) magazine's "DBTA 100: The Companies That Matter Most in Data". The list spotlights "innovative vendors [who] are addressing both emerging and long-standing challenges" in data management. Continue Reading DBTA 100: The Companies That Matter Most in Data IRI Voracity - Total Data Management Platform "Today, there is a constantly evolving list of data management issues that organizations are contending with. In addition to pressures of exploding data volumes, there is urgent demand for real-time, data-driven insights as well as more widespread data access," stated DBTA Group Publisher Tom Hogan, Jr. "Expanding regulatory mandates also demand greater data quality and governance, as do cybersecurity threats," he added. IRI SVP and COO David Friedland concurred in IRI's acknowledgment of its inclusion. "We're excited to be at the forefront of all of these trends, and to offer accessible, affordable solutions to the challenges of multi-source data management that chief data officers, BI/DW solution architects, programmer/analysts, data scientists, and data governance officers prefer." His "View from the Top" article is featured in the DBTA 2020 issue posted on June 10th. Through its component software products and graphical facilities in Eclipse, the IRI Voracityplatform performs and combines these essential operations for data big and small, on-premise and in the cloud: Data Discovery (Profiling, Classification, Search) Data Integration (ETL, MDM, CDC) Data Quality (Validation, Cleansing, Enrichment) Fast, Consolidated Data Transformations Embedded BI and Data Wrangling for Analytic Tools Data and Database Migration and Replication Static and Dynamic Data Masking Re-ID Risk Scoring and Anonymization Database Subsetting and Synthetic Test Data Beyond functionality, IRI software is known for enterprise speed and security, and remarkable affordability. According to IRI Solutions Director Lisa Mangino, "Voracity users benefit from 42 years of performance improvements to IRI's default CoSort data processing program, plus five Hadoop options that run many of the same jobs," allowing them to "design once, deploy many." She explained that IRI customer savings come from "an organic, future-proof IP stack, and a self-funded approach to marketing and growth."About Database Trends and ApplicationsDatabase Trends and Applications (DBTA), published by Information Today, Inc., is a bimonthly magazine that delivers advanced trend analysis and case studies in data management. Visit www.dbta.comfor subscription information. DBTA also delivers groundbreaking market research exclusively through its Unisphere Research group.About IRI, The CoSort CompanyIRI is a US data management and protection ISV founded in 1978 and represented in 40 cities worldwide. Powered by the data definition and manipulation program in its CoSort data transformation and reporting utility, other IRI products include: FieldShield, CellShield, and DarkShield for data masking, NextForm for data/DB migration, RowGen for test data synthesis, and Voracity, for data discovery, integration, migration, governance, and analytics. Visit www.iri.comfor more information.Press Contact:Craig Schein, IRI321-777-8889, ext. 229[emailprotected]SOURCE IRI, The CoSort Company
Answer:
|
DBTA Names IRI a Top 100 Data Management Company Again Big Data Manipulation & Masking ISV Recognized for Fifth Straight Year
|
MELBOURNE, Fla., June 12, 2020 /PRNewswire/ -- Innovative Routines International (IRI, a/k/a The CoSort Company), has again been included in Database Trends and Applications (DBTA) magazine's "DBTA 100: The Companies That Matter Most in Data". The list spotlights "innovative vendors [who] are addressing both emerging and long-standing challenges" in data management. Continue Reading DBTA 100: The Companies That Matter Most in Data IRI Voracity - Total Data Management Platform "Today, there is a constantly evolving list of data management issues that organizations are contending with. In addition to pressures of exploding data volumes, there is urgent demand for real-time, data-driven insights as well as more widespread data access," stated DBTA Group Publisher Tom Hogan, Jr. "Expanding regulatory mandates also demand greater data quality and governance, as do cybersecurity threats," he added. IRI SVP and COO David Friedland concurred in IRI's acknowledgment of its inclusion. "We're excited to be at the forefront of all of these trends, and to offer accessible, affordable solutions to the challenges of multi-source data management that chief data officers, BI/DW solution architects, programmer/analysts, data scientists, and data governance officers prefer." His "View from the Top" article is featured in the DBTA 2020 issue posted on June 10th. Through its component software products and graphical facilities in Eclipse, the IRI Voracityplatform performs and combines these essential operations for data big and small, on-premise and in the cloud: Data Discovery (Profiling, Classification, Search) Data Integration (ETL, MDM, CDC) Data Quality (Validation, Cleansing, Enrichment) Fast, Consolidated Data Transformations Embedded BI and Data Wrangling for Analytic Tools Data and Database Migration and Replication Static and Dynamic Data Masking Re-ID Risk Scoring and Anonymization Database Subsetting and Synthetic Test Data Beyond functionality, IRI software is known for enterprise speed and security, and remarkable affordability. According to IRI Solutions Director Lisa Mangino, "Voracity users benefit from 42 years of performance improvements to IRI's default CoSort data processing program, plus five Hadoop options that run many of the same jobs," allowing them to "design once, deploy many." She explained that IRI customer savings come from "an organic, future-proof IP stack, and a self-funded approach to marketing and growth."About Database Trends and ApplicationsDatabase Trends and Applications (DBTA), published by Information Today, Inc., is a bimonthly magazine that delivers advanced trend analysis and case studies in data management. Visit www.dbta.comfor subscription information. DBTA also delivers groundbreaking market research exclusively through its Unisphere Research group.About IRI, The CoSort CompanyIRI is a US data management and protection ISV founded in 1978 and represented in 40 cities worldwide. Powered by the data definition and manipulation program in its CoSort data transformation and reporting utility, other IRI products include: FieldShield, CellShield, and DarkShield for data masking, NextForm for data/DB migration, RowGen for test data synthesis, and Voracity, for data discovery, integration, migration, governance, and analytics. Visit www.iri.comfor more information.Press Contact:Craig Schein, IRI321-777-8889, ext. 229[emailprotected]SOURCE IRI, The CoSort Company
|
edtsum4152
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: IRVINE, Calif., Oct. 8, 2020 /PRNewswire/ -- It can take many years after tax fraud is perpetrated for the IRS to discover what occurred and seek out the taxpayer for potential civil fines and criminal tax charges if their actions are found to be willful. The IRS's criminal investigation voluntary disclosure process allows for those who have committed past tax crimes or made willful errors on old returns to get back into compliance without facing criminal prosecution and simultaneously limiting their civil penalty exposure. You must come forward and admit you wrongdoing before the IRS catches on and begins an audit or criminal tax investigation into your behavior. At the Tax Law Offices of David W. Klasing, our skilled dual licensed Tax Lawyers and CPAs have years of experience successfully guiding clients through the voluntary disclosure process, and we can work to do the same for you. We have never had a client that made a voluntary disclosure face prosecution for a tax crime. The voluntary disclosure program is open to everyone who had made willful or non-willful errors in past tax filings (or failures to file) and wishes to come forward, admit to the IRS what they did, and work with the agency to correct the issue and pay the taxes owed and any civil penalties assessed. However, those who have committed non-willful errors or innocent mistakes are often better off trying to amend the returns or going through a foreign or domestic streamlined disclosure program, as they will almost always be assessed much smaller civil fines for their behavior if they go through those channels. If your actions were willful and could expose you to potential criminal liability, on the other hand, you will want to go through the voluntary disclosure program. The only major barrier to entry is the one mentioned in the opening paragraph above: if the IRS is already onto your tax crimes and has opened up an audit or criminal tax investigation into your behavior, it is too late, and the IRS will reject your application. Call 800-681-1295 to schedule a reduced rate initial consultation or book ONLINE today. See the full version of this article here. Public Contact: Dave Klasing Esq. M.S.-Tax CPA,[emailprotected] SOURCE Tax Law Offices of David W. Klasing, PC Related Links klasing-associates.com
Answer:
|
From the Tax Law Offices of David W. Klasing - How Does the IRS Criminal Investigation Voluntary Disclosure Process Work?
|
IRVINE, Calif., Oct. 8, 2020 /PRNewswire/ -- It can take many years after tax fraud is perpetrated for the IRS to discover what occurred and seek out the taxpayer for potential civil fines and criminal tax charges if their actions are found to be willful. The IRS's criminal investigation voluntary disclosure process allows for those who have committed past tax crimes or made willful errors on old returns to get back into compliance without facing criminal prosecution and simultaneously limiting their civil penalty exposure. You must come forward and admit you wrongdoing before the IRS catches on and begins an audit or criminal tax investigation into your behavior. At the Tax Law Offices of David W. Klasing, our skilled dual licensed Tax Lawyers and CPAs have years of experience successfully guiding clients through the voluntary disclosure process, and we can work to do the same for you. We have never had a client that made a voluntary disclosure face prosecution for a tax crime. The voluntary disclosure program is open to everyone who had made willful or non-willful errors in past tax filings (or failures to file) and wishes to come forward, admit to the IRS what they did, and work with the agency to correct the issue and pay the taxes owed and any civil penalties assessed. However, those who have committed non-willful errors or innocent mistakes are often better off trying to amend the returns or going through a foreign or domestic streamlined disclosure program, as they will almost always be assessed much smaller civil fines for their behavior if they go through those channels. If your actions were willful and could expose you to potential criminal liability, on the other hand, you will want to go through the voluntary disclosure program. The only major barrier to entry is the one mentioned in the opening paragraph above: if the IRS is already onto your tax crimes and has opened up an audit or criminal tax investigation into your behavior, it is too late, and the IRS will reject your application. Call 800-681-1295 to schedule a reduced rate initial consultation or book ONLINE today. See the full version of this article here. Public Contact: Dave Klasing Esq. M.S.-Tax CPA,[emailprotected] SOURCE Tax Law Offices of David W. Klasing, PC Related Links klasing-associates.com
|
edtsum4157
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SAN JOSE, Calif., June 16, 2020 /PRNewswire/ --Vectra AI, the leader innetwork threat detection and response (NDR), today announced the appointment of Marc Gemassmer as Chief Revenue Officer (CRO), a newly established position within the company's leadership team. Marc joins Vectra following another quarter of exceptional growth and will play a pivotal role in the continued success of the company's global expansion. With over 20 years of experience, predominately in software sales, Marc has a proven track record of driving strong revenue growth in the enterprise market. "Enterprise customers are rapidly expanding their adoption of NDR to secure their cloud, data centers, end users and IOT assets," said Hitesh Sheth, CEO, Vectra. "This has resulted in rapid growth for Vectra and I am thrilled to welcome Marc to our team to drive our revenue growth at scale globally." As CRO, Marc will be responsible for the entire customer and partner life cycle. Prior to joining Vectra, Marc was the Chief Sales Officer at Xactly Corp where he successfully built and scaled their revenue operations. Before Xactly, he ran worldwide sales at OpenDNS and was then responsible for Cloud Security sales following the company's acquisition by Cisco. He has held executive and leadership positions at companies such as Alteryx, Flexera Software, SAP America and started his career at PTC. "The enterprise security market is at an inflection point with a new set of leaders set to replace the old guard," said Marc. "Vectra is well positioned to be the leader for threat detection and response, and I am excited to join the team and help drive the transformation of the cybersecurity landscape." In recent months, the company has also announced a deep product integration with Microsoft Defender Advanced Threat Protection (ATP) and Microsoft Azure Sentinel, launched Cognito Detect for Office 365, became the first and only NDR solution provider to take an identity based approach to security enforcement, joined the Chronicle Index Partner program, and received recognition from other leading award programs including the Cyber Defense Magazine Awards for innovations in AI, machine learning and cloud security. About Vectra Vectra is a leader in network detection and response from cloud and data center workloads to user and IoT devices. Its Cognito platform accelerates threat detection and investigation using AI to enrich network metadata it collects and stores with the right context to detect, hunt and investigate known and unknown threats in real time. Vectra offers three applications on the Cognito platform to address high-priority use cases. Cognito Stream sends security-enriched metadata to data lakes and SIEMs. Cognito Recall is a cloud-based application to store and investigate threats in enriched metadata. And Cognito Detect uses AI to reveal and prioritize hidden and unknown attackers at speed. For more information, visit vectra.ai. Media ContactAllison ArvanitisLumina Communications for Vectra[emailprotected] SOURCE Vectra Related Links http://vectra.ai
Answer:
|
Vectra Appoints Marc Gemassmer as Chief Revenue Officer Industry Veteran to Lead Worldwide Sales, Channels and Customer Service Teams, Propelling Global Expansion
|
SAN JOSE, Calif., June 16, 2020 /PRNewswire/ --Vectra AI, the leader innetwork threat detection and response (NDR), today announced the appointment of Marc Gemassmer as Chief Revenue Officer (CRO), a newly established position within the company's leadership team. Marc joins Vectra following another quarter of exceptional growth and will play a pivotal role in the continued success of the company's global expansion. With over 20 years of experience, predominately in software sales, Marc has a proven track record of driving strong revenue growth in the enterprise market. "Enterprise customers are rapidly expanding their adoption of NDR to secure their cloud, data centers, end users and IOT assets," said Hitesh Sheth, CEO, Vectra. "This has resulted in rapid growth for Vectra and I am thrilled to welcome Marc to our team to drive our revenue growth at scale globally." As CRO, Marc will be responsible for the entire customer and partner life cycle. Prior to joining Vectra, Marc was the Chief Sales Officer at Xactly Corp where he successfully built and scaled their revenue operations. Before Xactly, he ran worldwide sales at OpenDNS and was then responsible for Cloud Security sales following the company's acquisition by Cisco. He has held executive and leadership positions at companies such as Alteryx, Flexera Software, SAP America and started his career at PTC. "The enterprise security market is at an inflection point with a new set of leaders set to replace the old guard," said Marc. "Vectra is well positioned to be the leader for threat detection and response, and I am excited to join the team and help drive the transformation of the cybersecurity landscape." In recent months, the company has also announced a deep product integration with Microsoft Defender Advanced Threat Protection (ATP) and Microsoft Azure Sentinel, launched Cognito Detect for Office 365, became the first and only NDR solution provider to take an identity based approach to security enforcement, joined the Chronicle Index Partner program, and received recognition from other leading award programs including the Cyber Defense Magazine Awards for innovations in AI, machine learning and cloud security. About Vectra Vectra is a leader in network detection and response from cloud and data center workloads to user and IoT devices. Its Cognito platform accelerates threat detection and investigation using AI to enrich network metadata it collects and stores with the right context to detect, hunt and investigate known and unknown threats in real time. Vectra offers three applications on the Cognito platform to address high-priority use cases. Cognito Stream sends security-enriched metadata to data lakes and SIEMs. Cognito Recall is a cloud-based application to store and investigate threats in enriched metadata. And Cognito Detect uses AI to reveal and prioritize hidden and unknown attackers at speed. For more information, visit vectra.ai. Media ContactAllison ArvanitisLumina Communications for Vectra[emailprotected] SOURCE Vectra Related Links http://vectra.ai
|
edtsum4162
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LONDON, June 15, 2020 /PRNewswire/ -- The global telemedicine services market is expected grow from $39.3 billion in 2019 to $48.3 billion in 2020 at a compound annual growth rate (CAGR) of 23.0%. The growth is mainly due to the lockdown across countries owing to the COVID-19 outbreak resulting in the preference for contactless medical services. The market is then expected to stabilize and reach $78.3 billion in 2023 at CAGR of 17.4%. Rising cases of COVID-19 infections across the globe is driving the telemedicine services market. According to the World Health Organization (WHO), the number of coronavirus cases around the world is around 2.7 million, and this number is increasing. Telemedicine services will provide healthcare services to the affected people as they cannot step out to avail the services. Rising cases of COVID-19 infections across the globe boosts the demand for telemedicine services. Read More On The Business Research Company's Telemedicine Services Market Report: https://www.thebusinessresearchcompany.com/report/telemedicine-services-global-market-report The telemedicine services market consists of sale of telemedicine services and related products. Telemedicine services are health care services provided via video chat, phone calls, or text messages. Patients can use telemedicine for physical examination as well as to ask questions regarding health concerns. The telemedicine services market is segmented by technology outlook into store and forward, and real time. By application, it is segmented into teleradiology, telepsychiatry, telepathology, teledermatalogy, and telecardiology. Increasing Acceptance Of Telemedicine Telemedicine is increasingly being accepted, and insurance companies and government-regulated health care programs are increasingly covering telemedicine services in their plans. The governments are probing companies to make changes to the policies to cover the services under their schemes. For instance, in March 2020, in response to the coronavirus outbreak, the US government announced that private insurers will be covering the cost of coronavirus testing and telemedicine services for patients. Data Security Concerns Inhibit Market Growth For Telemedicine Services Breach in the data makes patients uncomfortable with sharing personal information that would help the physicians to diagnose the patients' health, affecting the telemedicines market negatively. Telemedicine services are provided online or through calls, and might not have much security for storing the data, or in some cases the telemedicine companies may use third-party servers to store the customer data to cut down the maintenance cost, which might lead to easy data breaches. For instance, in 2018, the USA reported around 31.6 million healthcare records breached. Protenus Breach Barometer in the first six months of 2018, recorded around 15.1 million breached records by hackers. Breaches are potential threats to the telemedicine services industry, hampering the growth of the market. Request A Free Sample Of The Telemedicine Services Market Report: https://www.thebusinessresearchcompany.com/sample.aspx?id=3135&type=smp Key Players And Their Strategies In The Telemedicine Services Market Key players in the global telemedicine services market include AMD Global Telemedicine, Inc, Philips Healthcare, Cisco Systems, Inc, McKesson Corporation, Allscripts Healthcare Solutions Inc., GE Healthcare Ltd., Cerner Corporation, BioTelemetry, Inc, Teladoc, Aerotel Medical Systems Ltd, Honeywell HomMed, Apollo Hospitals, Haemonetics, Cloudvisit Telemedicine, Maestros Telemedicine, Medisoft Telemedicine, Reach Health, SnapMD Telemedicine Technology, American Telecare Inc, American Well, Eagle Telemedicine, OBS Medical, SOC Telemed, Specialist Telemed, F. Hoffmann-La Roche Ltd, GlobalMedia Group LLC, IBM, Medtronic plc, and SHL Telemedicine. Some companies in the market are investing in mergers and acquisitions to strengthen their business. For example, in March 2019, Teladoc Health, a leading virtual care provider announced plans to acquire MdecinDirect for an undisclosed amount. This acquisition will expand the geographical presence of Teladoc Health and help cover more patients in France. MdecinDirect is a leading telemedicine service provider in France. Here Is A List Of Similar Reports By The Business Research Company: Telemedicine Technologies Market By Segment (Tele-Home & Tele-Hospital), By Applications (Tele-Radiology, Tele-Consultation, Tele-Monitoring And Tele-Surgery) Global Forecast To 2022 Robotic Surgery Services Market Global Report 2020-30: Covid 19 Growth And Change Interested to know more about The Business Research Company? The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology. The World's Most Comprehensive Database The Business Research Company's flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps. Contact Information The Business Research Company Europe: +44-207-1930-708 Asia: +91-8897263534Americas: +1-315-623-0293Email: [emailprotected] Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company Follow us on Twitter: https://twitter.com/tbrc_Info SOURCE The Business Research Company
Answer:
|
The Telemedicine Services Market Will Grow At 23% CAGR Due to COVID-19, TBRC Report Suggests
|
LONDON, June 15, 2020 /PRNewswire/ -- The global telemedicine services market is expected grow from $39.3 billion in 2019 to $48.3 billion in 2020 at a compound annual growth rate (CAGR) of 23.0%. The growth is mainly due to the lockdown across countries owing to the COVID-19 outbreak resulting in the preference for contactless medical services. The market is then expected to stabilize and reach $78.3 billion in 2023 at CAGR of 17.4%. Rising cases of COVID-19 infections across the globe is driving the telemedicine services market. According to the World Health Organization (WHO), the number of coronavirus cases around the world is around 2.7 million, and this number is increasing. Telemedicine services will provide healthcare services to the affected people as they cannot step out to avail the services. Rising cases of COVID-19 infections across the globe boosts the demand for telemedicine services. Read More On The Business Research Company's Telemedicine Services Market Report: https://www.thebusinessresearchcompany.com/report/telemedicine-services-global-market-report The telemedicine services market consists of sale of telemedicine services and related products. Telemedicine services are health care services provided via video chat, phone calls, or text messages. Patients can use telemedicine for physical examination as well as to ask questions regarding health concerns. The telemedicine services market is segmented by technology outlook into store and forward, and real time. By application, it is segmented into teleradiology, telepsychiatry, telepathology, teledermatalogy, and telecardiology. Increasing Acceptance Of Telemedicine Telemedicine is increasingly being accepted, and insurance companies and government-regulated health care programs are increasingly covering telemedicine services in their plans. The governments are probing companies to make changes to the policies to cover the services under their schemes. For instance, in March 2020, in response to the coronavirus outbreak, the US government announced that private insurers will be covering the cost of coronavirus testing and telemedicine services for patients. Data Security Concerns Inhibit Market Growth For Telemedicine Services Breach in the data makes patients uncomfortable with sharing personal information that would help the physicians to diagnose the patients' health, affecting the telemedicines market negatively. Telemedicine services are provided online or through calls, and might not have much security for storing the data, or in some cases the telemedicine companies may use third-party servers to store the customer data to cut down the maintenance cost, which might lead to easy data breaches. For instance, in 2018, the USA reported around 31.6 million healthcare records breached. Protenus Breach Barometer in the first six months of 2018, recorded around 15.1 million breached records by hackers. Breaches are potential threats to the telemedicine services industry, hampering the growth of the market. Request A Free Sample Of The Telemedicine Services Market Report: https://www.thebusinessresearchcompany.com/sample.aspx?id=3135&type=smp Key Players And Their Strategies In The Telemedicine Services Market Key players in the global telemedicine services market include AMD Global Telemedicine, Inc, Philips Healthcare, Cisco Systems, Inc, McKesson Corporation, Allscripts Healthcare Solutions Inc., GE Healthcare Ltd., Cerner Corporation, BioTelemetry, Inc, Teladoc, Aerotel Medical Systems Ltd, Honeywell HomMed, Apollo Hospitals, Haemonetics, Cloudvisit Telemedicine, Maestros Telemedicine, Medisoft Telemedicine, Reach Health, SnapMD Telemedicine Technology, American Telecare Inc, American Well, Eagle Telemedicine, OBS Medical, SOC Telemed, Specialist Telemed, F. Hoffmann-La Roche Ltd, GlobalMedia Group LLC, IBM, Medtronic plc, and SHL Telemedicine. Some companies in the market are investing in mergers and acquisitions to strengthen their business. For example, in March 2019, Teladoc Health, a leading virtual care provider announced plans to acquire MdecinDirect for an undisclosed amount. This acquisition will expand the geographical presence of Teladoc Health and help cover more patients in France. MdecinDirect is a leading telemedicine service provider in France. Here Is A List Of Similar Reports By The Business Research Company: Telemedicine Technologies Market By Segment (Tele-Home & Tele-Hospital), By Applications (Tele-Radiology, Tele-Consultation, Tele-Monitoring And Tele-Surgery) Global Forecast To 2022 Robotic Surgery Services Market Global Report 2020-30: Covid 19 Growth And Change Interested to know more about The Business Research Company? The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology. The World's Most Comprehensive Database The Business Research Company's flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps. Contact Information The Business Research Company Europe: +44-207-1930-708 Asia: +91-8897263534Americas: +1-315-623-0293Email: [emailprotected] Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company Follow us on Twitter: https://twitter.com/tbrc_Info SOURCE The Business Research Company
|
edtsum4166
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LONDON & SINGAPORE--(BUSINESS WIRE)--Bboxx, a next generation utility, is partnering with Trafigura, one of the worlds leading independent commodity trading companies, to accelerate progress on meeting United Nations Sustainable Development Goal 7 (UN SDG 7) clean energy for all in Africa. Bboxx manufactures, distributes and finances decentralised solar powered systems in developing countries, operating across Africa and Asia, and in the ten years since Bboxx was founded, it has positively impacted over one million people through clean energy. Trafiguras minority equity investment comes as Bboxx embarks on the next phase of its growth and accelerates its clean cooking commitments a key part of tackling energy poverty and meeting UN SDG 7. Inaction on the clean cooking crisis is costing the world over $2.4 trillion each year*. The use of charcoal and wood result in significant emissions of greenhouse gases and black soot, as well as deforestation. The lack of modern cooking solutions also has negative health and gender equality consequences, and results in lost economic opportunities. Access to modern clean cooking services using Liquefied Petroleum Gas (LPG) is significantly cleaner and a vital step in the energy transition to low and zero-carbon sources. This landmark agreement brings together complementary expertise to fast-track progress on clean cooking access in Africa. Bboxxs innovative Internet of Things (IoT) technology and experience from its established Pay-As-You-Go (PAYG) Solar Home Systems business, are all needed to deliver clean cooking in a scalable and distributed model. Bboxx has been applying this expertise to PAYG LPG clean cooking through pilots in the Democratic Republic of Congo (DRC), Rwanda and Kenya. It has been ramping up efforts in the DRC after receiving funding from USAID to roll out a PAYG LPG clean cooking access programme. As a global leader in LPG, Trafigura will play a major role in the future supply growth of LPG across Africa. Trafigura has recently set targets to reduce its operational greenhouse gas emissions and is committed to accelerating the energy transition through its Power and Renewables division, which is investing in renewable energy projects and building a portfolio of investments in innovative renewable technology firms. Mansoor Hamayun, CEO and Co-Founder of Bboxx commented: We are committed to tackling energy poverty in all its forms and it is unacceptable that in 2021 billions of people still live without access to clean cooking facilities. The world is still a long way off meeting UN SDG 7 clean energy for all and by forging partnerships and working with major global firms like Trafigura, we can turbocharge progress to unlock potential and transform even more lives for the better. James Josling, Head of Africa Energy Trading for Trafigura said: Trafiguras investment in Bboxx forms part of our strategy to continue to develop markets for LPG as a lower carbon fuel for clean cooking. Bboxxs innovative business models and proven expertise in providing renewable energy services make it an ideal company to collaborate with and an attractive investment for Trafigura. ENDS Notes to editors Source: * World Bank, Nearly Half the Worlds Population Still Lacks Access to Modern Energy Cooking Services, 24 September 2020 About Bboxx Bboxx is a next generation utility, transforming lives and unlocking potential through access to energy. Bboxx manufactures, distributes and finances decentralised solar powered systems in developing countries. It is scaling through forging strategic partnerships and its innovative technology Bboxx Pulse, a comprehensive management platform using IoT technology. Through affordable, reliable, and clean utility provision, Bboxx is bringing people into the digital economy, creating new markets, and enabling economic development in off-grid communities and those living without a reliable grid connection. The company is positively impacting the lives of more than one million people with its products and services in over 35 markets, directly contributing to 11 of the 17 United Nations Sustainable Development Goals. So far, Bboxx has deployed more than 350,000 solar home systems. Bboxx has over 800 staff across nine offices including in the Democratic Republic of Congo, Kenya, Rwanda, and Togo, with its head office in the UK and its manufacturing operations in China. In 2019, Bboxx was the winner of the Zayed Sustainability Prize in the Energy category testament to the way the company is making a meaningful difference to peoples lives around the world. You can find further information about Bboxx on its website at https://www.bboxx.com/ About Trafigura Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world and has recently established a power and renewables trading division. The trading business is supported by industrial and financial assets, including a majority ownership of global zinc and lead producer Nyrstar which has mining, smelting and other operations located in Europe, Americas and Australia; a significant shareholding in global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura's Mining Group; and Galena Asset Management. With circa 850 shareholders, Trafigura is owned by its employees. Over 8,500 employees work in 48 countries around the world. Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD147 billion in 2020. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade. Visit: https://www.trafigura.com
Answer:
|
Bboxx and Trafigura to accelerate progress on UN SDG 7 in Africa
|
LONDON & SINGAPORE--(BUSINESS WIRE)--Bboxx, a next generation utility, is partnering with Trafigura, one of the worlds leading independent commodity trading companies, to accelerate progress on meeting United Nations Sustainable Development Goal 7 (UN SDG 7) clean energy for all in Africa. Bboxx manufactures, distributes and finances decentralised solar powered systems in developing countries, operating across Africa and Asia, and in the ten years since Bboxx was founded, it has positively impacted over one million people through clean energy. Trafiguras minority equity investment comes as Bboxx embarks on the next phase of its growth and accelerates its clean cooking commitments a key part of tackling energy poverty and meeting UN SDG 7. Inaction on the clean cooking crisis is costing the world over $2.4 trillion each year*. The use of charcoal and wood result in significant emissions of greenhouse gases and black soot, as well as deforestation. The lack of modern cooking solutions also has negative health and gender equality consequences, and results in lost economic opportunities. Access to modern clean cooking services using Liquefied Petroleum Gas (LPG) is significantly cleaner and a vital step in the energy transition to low and zero-carbon sources. This landmark agreement brings together complementary expertise to fast-track progress on clean cooking access in Africa. Bboxxs innovative Internet of Things (IoT) technology and experience from its established Pay-As-You-Go (PAYG) Solar Home Systems business, are all needed to deliver clean cooking in a scalable and distributed model. Bboxx has been applying this expertise to PAYG LPG clean cooking through pilots in the Democratic Republic of Congo (DRC), Rwanda and Kenya. It has been ramping up efforts in the DRC after receiving funding from USAID to roll out a PAYG LPG clean cooking access programme. As a global leader in LPG, Trafigura will play a major role in the future supply growth of LPG across Africa. Trafigura has recently set targets to reduce its operational greenhouse gas emissions and is committed to accelerating the energy transition through its Power and Renewables division, which is investing in renewable energy projects and building a portfolio of investments in innovative renewable technology firms. Mansoor Hamayun, CEO and Co-Founder of Bboxx commented: We are committed to tackling energy poverty in all its forms and it is unacceptable that in 2021 billions of people still live without access to clean cooking facilities. The world is still a long way off meeting UN SDG 7 clean energy for all and by forging partnerships and working with major global firms like Trafigura, we can turbocharge progress to unlock potential and transform even more lives for the better. James Josling, Head of Africa Energy Trading for Trafigura said: Trafiguras investment in Bboxx forms part of our strategy to continue to develop markets for LPG as a lower carbon fuel for clean cooking. Bboxxs innovative business models and proven expertise in providing renewable energy services make it an ideal company to collaborate with and an attractive investment for Trafigura. ENDS Notes to editors Source: * World Bank, Nearly Half the Worlds Population Still Lacks Access to Modern Energy Cooking Services, 24 September 2020 About Bboxx Bboxx is a next generation utility, transforming lives and unlocking potential through access to energy. Bboxx manufactures, distributes and finances decentralised solar powered systems in developing countries. It is scaling through forging strategic partnerships and its innovative technology Bboxx Pulse, a comprehensive management platform using IoT technology. Through affordable, reliable, and clean utility provision, Bboxx is bringing people into the digital economy, creating new markets, and enabling economic development in off-grid communities and those living without a reliable grid connection. The company is positively impacting the lives of more than one million people with its products and services in over 35 markets, directly contributing to 11 of the 17 United Nations Sustainable Development Goals. So far, Bboxx has deployed more than 350,000 solar home systems. Bboxx has over 800 staff across nine offices including in the Democratic Republic of Congo, Kenya, Rwanda, and Togo, with its head office in the UK and its manufacturing operations in China. In 2019, Bboxx was the winner of the Zayed Sustainability Prize in the Energy category testament to the way the company is making a meaningful difference to peoples lives around the world. You can find further information about Bboxx on its website at https://www.bboxx.com/ About Trafigura Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world and has recently established a power and renewables trading division. The trading business is supported by industrial and financial assets, including a majority ownership of global zinc and lead producer Nyrstar which has mining, smelting and other operations located in Europe, Americas and Australia; a significant shareholding in global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura's Mining Group; and Galena Asset Management. With circa 850 shareholders, Trafigura is owned by its employees. Over 8,500 employees work in 48 countries around the world. Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD147 billion in 2020. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade. Visit: https://www.trafigura.com
|
edtsum4172
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LOS ANGELES, April 22, 2021 /PRNewswire/ --Broadvoice, an award-winning provider of unified communications and collaboration solutions for small and medium businesses (SMBs), announced today a partnership with human-I-T, a nonprofit social enterprise dedicated to reducing e-waste and closing the digital divide. Continue Reading Broadvoice Partners with human-I-T to Provide Sustainable Asset Disposition for Businesses While Promoting Digital Inclusion for All Broadvoice customers and channel partners can take advantage of the partnership with human-I-T to recycle and donate technology that they no longer need. With a simple phone call, donors can access human-I-T's industry-leading IT asset disposition services. human-I-T will arrange an equipment pickup, securely wipe devices of sensitive data, and then refurbish, upgrade and repurpose those devices to provide digital access to students, low-income families and nonprofit organizations across the country. Damaged or broken items are also accepted for end-of-life product disposal. All donations are tax-deductible. "We are excited to provide our customers and partners a resource that not only helps the environment, but more importantly gets technology to people in communities who need it, creating equity and opportunity for families, schools, and businesses across the country," said Marisa Freeden, Vice President of Brand and Experience at Broadvoice. "Businesses of any size or industry can create opportunities within the community by simply donating their unwanted tech rather than sending it to be recycled or, worse, to a landfill. human-I-T offers a unique way to give second life to your old devices by recirculating them back into the economy," said Brandon Smith, Vice President of Business Development at human-I-T.Electronic waste is the fastest-growing waste stream in the world, with 59.1 million tons of equipment discarded in 2019. That's equivalent to 350 cruise ships! At the same time, roughly 1 in 4 school-age children lack access to a personal computer or home internet connection. By transforming e-waste into opportunities, human-I-T reduces environmental impacts while also creating social benefit. This partnership with human-I-T is another step forward in Broadvoice's mission to create more meaningful human connections through technology.To learn more or to schedule a technology pickup, visit https://www.broadvoice.com/human-i-t/ or call 888-268-3921.About Broadvoice Broadvoicesimplifies communications for small and medium businesses (SMBs) by combining powerful cloud PBX, UC and collaboration features with virtual call center in one award-winning Unified Communications as a Service (UCaaS) platform that delivers enterprise-class features at affordable rates. The platform is connected to Broadvoice's secure, redundant network and hosting infrastructure, enabling SMBs to connect with customers securely anytime, anywhere and with any device.Media Contacts:Padric Gleason GonzalesCommunications ManagerHuman-I-T207.751.2656[emailprotected]Marisa FreedenVice President of Brand and ExperienceBroadvoice626.627.6506[emailprotected]SOURCE Broadvoice
Answer:
|
Broadvoice Partners with human-I-T to Provide Sustainable Asset Disposition for Businesses While Promoting Digital Inclusion for All
|
LOS ANGELES, April 22, 2021 /PRNewswire/ --Broadvoice, an award-winning provider of unified communications and collaboration solutions for small and medium businesses (SMBs), announced today a partnership with human-I-T, a nonprofit social enterprise dedicated to reducing e-waste and closing the digital divide. Continue Reading Broadvoice Partners with human-I-T to Provide Sustainable Asset Disposition for Businesses While Promoting Digital Inclusion for All Broadvoice customers and channel partners can take advantage of the partnership with human-I-T to recycle and donate technology that they no longer need. With a simple phone call, donors can access human-I-T's industry-leading IT asset disposition services. human-I-T will arrange an equipment pickup, securely wipe devices of sensitive data, and then refurbish, upgrade and repurpose those devices to provide digital access to students, low-income families and nonprofit organizations across the country. Damaged or broken items are also accepted for end-of-life product disposal. All donations are tax-deductible. "We are excited to provide our customers and partners a resource that not only helps the environment, but more importantly gets technology to people in communities who need it, creating equity and opportunity for families, schools, and businesses across the country," said Marisa Freeden, Vice President of Brand and Experience at Broadvoice. "Businesses of any size or industry can create opportunities within the community by simply donating their unwanted tech rather than sending it to be recycled or, worse, to a landfill. human-I-T offers a unique way to give second life to your old devices by recirculating them back into the economy," said Brandon Smith, Vice President of Business Development at human-I-T.Electronic waste is the fastest-growing waste stream in the world, with 59.1 million tons of equipment discarded in 2019. That's equivalent to 350 cruise ships! At the same time, roughly 1 in 4 school-age children lack access to a personal computer or home internet connection. By transforming e-waste into opportunities, human-I-T reduces environmental impacts while also creating social benefit. This partnership with human-I-T is another step forward in Broadvoice's mission to create more meaningful human connections through technology.To learn more or to schedule a technology pickup, visit https://www.broadvoice.com/human-i-t/ or call 888-268-3921.About Broadvoice Broadvoicesimplifies communications for small and medium businesses (SMBs) by combining powerful cloud PBX, UC and collaboration features with virtual call center in one award-winning Unified Communications as a Service (UCaaS) platform that delivers enterprise-class features at affordable rates. The platform is connected to Broadvoice's secure, redundant network and hosting infrastructure, enabling SMBs to connect with customers securely anytime, anywhere and with any device.Media Contacts:Padric Gleason GonzalesCommunications ManagerHuman-I-T207.751.2656[emailprotected]Marisa FreedenVice President of Brand and ExperienceBroadvoice626.627.6506[emailprotected]SOURCE Broadvoice
|
edtsum4179
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: CHARLOTTE, N.C., June 9, 2020 /PRNewswire/ -- Tipperary Sales, d.b.a. La-Z-Boy Southeast, is recognized as No. 91 in Furniture Today's 37th annual "Top 100 U.S. Furniture Stores" exclusive list with annual sales of $55.3M, up $5.5M from 2019. Furniture Today, known as the premier publication for the retail and manufacturing home furnishings landscape, compiles its 2020 list ranking furniture stores by 2019 sales of furniture, bedding and decorative accessories, including fabric and furniture protection, warranties and delivery. "We are grateful to once again achieve a spot on Furniture Today's Top 100, which includes some of the industry's most excellent and reputable retail operations," says Martha Brown, CEO, Tipperary Sales. "As a family owned and operated business, we are deeply committed to our mission of creating customers for life through exceptional experiences. We believe our continued growth on the Top 100 list exemplifies that this sincere pledge to our customers is being realized by our dedicated staff. We are fortunate to have an incredible team who made this possible." With eight stores throughout the region (located in Georgia, North Carolina and South Carolina), La-Z-Boy Southeast offers customers an exceptional buying experience. The company's vigilant training creates a staff that are experts in the retail and interior design industry. Customers are offered the opportunity to engage with a professional, degreed interior designer for a complimentary design program that was created to take the fear out of furniture buying. And, with more than 900 fabrics and leathers for a wide-variety of both in-stock and custom styles, La-Z-Boy Southeast is equipped to meet customers' needs effectively. A comprehensive website and YouTube channel also provides customers with a detailed and helpful pre-buying experience, answering frequent questions about products and the furniture buying experience. "We continue to challenge ourselves to better our customer experience through a variety of virtual and technological improvements, all necessary in our digitally-driven marketplace," continued Brown. "We also remain committed to charitable organizations in our marketplaces, which we hope demonstrates dedication to the communities in which our teams and our clients live and work.Based on client feedback and sales, our investment in these efforts demonstrates merit." A strong emphasis on building well-trained teams with a focus on bold leadership, innovative problem-solving, and a sincere commitment to excellence was also a top priority for the company. "We were pleased to see our sales team develop strong skills relating to customer leads, follow-up, and closing sales," continued Brown. "Anticipating the needs of our buyer, identifying solutions, and first-rate customer service will be an ongoing focus as we aim to climb the Top 100 list in the future." About Tipperary Sales, Inc.Tipperary Sales, Inc.,a family-owned company, founded in 1976, operates eigh La-Z-Boy Galleries in the Southeast. La-Z-Boy Home Furnishings & Dcor stores operated by Tipperary Sales, Inc. are in the following locations: 4205 Washington Rd. in Evans, Ga.; 150 Traders Way in Pooler, Ga.; 107-B River Hills Rd in Asheville, Nc.; 7035 Smith Corners Blvd. in Charlotte, Nc.; 11515 Carolina Place Pkwy. in Pineville, Nc.; 4960 Centre Pointe Dr Suite 102 in N. Charleston, Sc.; 5342 Sunset Boulevard in Lexington, Sc.: 1046 Woodruff Rd. in Greenville, Sc. For more information, please visit https://www.furnitureacademy.com. About La-Z-BoyHeadquartered in Monroe, MI,La-Z-Boyis one of the world's leading residential furniture producers. The company manufactures a full line of comfortable products for the living room and family room, including the company's world-famous recliners, reclining sofas and love seats, sleep sofas, modular furniture and leather upholstery, as well as stationary sofas, love seats and chairs. It is a division ofLa-Z-Boy Incorporated (NYSE: LZB), one of the world's leading residential furniture producers, marketing furniture for every room of the home. Live Life Comfortably.SM SOURCE La-Z-Boy Southeast
Answer:
|
La-Z-Boy Southeast Recognized as No. 91 in Furniture Today's 37th Annual "Top 100 U.S. Furniture Stores 2020"
|
CHARLOTTE, N.C., June 9, 2020 /PRNewswire/ -- Tipperary Sales, d.b.a. La-Z-Boy Southeast, is recognized as No. 91 in Furniture Today's 37th annual "Top 100 U.S. Furniture Stores" exclusive list with annual sales of $55.3M, up $5.5M from 2019. Furniture Today, known as the premier publication for the retail and manufacturing home furnishings landscape, compiles its 2020 list ranking furniture stores by 2019 sales of furniture, bedding and decorative accessories, including fabric and furniture protection, warranties and delivery. "We are grateful to once again achieve a spot on Furniture Today's Top 100, which includes some of the industry's most excellent and reputable retail operations," says Martha Brown, CEO, Tipperary Sales. "As a family owned and operated business, we are deeply committed to our mission of creating customers for life through exceptional experiences. We believe our continued growth on the Top 100 list exemplifies that this sincere pledge to our customers is being realized by our dedicated staff. We are fortunate to have an incredible team who made this possible." With eight stores throughout the region (located in Georgia, North Carolina and South Carolina), La-Z-Boy Southeast offers customers an exceptional buying experience. The company's vigilant training creates a staff that are experts in the retail and interior design industry. Customers are offered the opportunity to engage with a professional, degreed interior designer for a complimentary design program that was created to take the fear out of furniture buying. And, with more than 900 fabrics and leathers for a wide-variety of both in-stock and custom styles, La-Z-Boy Southeast is equipped to meet customers' needs effectively. A comprehensive website and YouTube channel also provides customers with a detailed and helpful pre-buying experience, answering frequent questions about products and the furniture buying experience. "We continue to challenge ourselves to better our customer experience through a variety of virtual and technological improvements, all necessary in our digitally-driven marketplace," continued Brown. "We also remain committed to charitable organizations in our marketplaces, which we hope demonstrates dedication to the communities in which our teams and our clients live and work.Based on client feedback and sales, our investment in these efforts demonstrates merit." A strong emphasis on building well-trained teams with a focus on bold leadership, innovative problem-solving, and a sincere commitment to excellence was also a top priority for the company. "We were pleased to see our sales team develop strong skills relating to customer leads, follow-up, and closing sales," continued Brown. "Anticipating the needs of our buyer, identifying solutions, and first-rate customer service will be an ongoing focus as we aim to climb the Top 100 list in the future." About Tipperary Sales, Inc.Tipperary Sales, Inc.,a family-owned company, founded in 1976, operates eigh La-Z-Boy Galleries in the Southeast. La-Z-Boy Home Furnishings & Dcor stores operated by Tipperary Sales, Inc. are in the following locations: 4205 Washington Rd. in Evans, Ga.; 150 Traders Way in Pooler, Ga.; 107-B River Hills Rd in Asheville, Nc.; 7035 Smith Corners Blvd. in Charlotte, Nc.; 11515 Carolina Place Pkwy. in Pineville, Nc.; 4960 Centre Pointe Dr Suite 102 in N. Charleston, Sc.; 5342 Sunset Boulevard in Lexington, Sc.: 1046 Woodruff Rd. in Greenville, Sc. For more information, please visit https://www.furnitureacademy.com. About La-Z-BoyHeadquartered in Monroe, MI,La-Z-Boyis one of the world's leading residential furniture producers. The company manufactures a full line of comfortable products for the living room and family room, including the company's world-famous recliners, reclining sofas and love seats, sleep sofas, modular furniture and leather upholstery, as well as stationary sofas, love seats and chairs. It is a division ofLa-Z-Boy Incorporated (NYSE: LZB), one of the world's leading residential furniture producers, marketing furniture for every room of the home. Live Life Comfortably.SM SOURCE La-Z-Boy Southeast
|
edtsum4186
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: --(BUSINESS WIRE)--(Thales)Axis BankTappy TechnologiesAxis BankAxis Bank Thales Gemalto FlexiTagAxis Bank Axis BankAxis Axis BankSanjeev MogheWear N PayWear N Pay Emmanuel de RoquefeuilAxis Bank Tappy TechnologiesSuboor AhmedAxis BankTappy 202040%1 HO 6881,0002020170 19531,800 Axis Bank Axis Bank20201231Axis Bank4,56811,6292,521Axis GroupAxis Mutual FundAxis Securities Ltd.Axis FinanceAxis TrusteeAxis CapitalA.TReDS Ltd.FreechargeAxis Bank Foundationhttps://www.axisbank.com Tappy Technologies Tappy Technologies//PCIEMVCo(PLC)(TES)Tappy Technologies//www.tappytech.com 1 https://newsroom.mastercard.com/latin-america/press-releases/mastercard-study-shows-consumers-in-lac-make-the-move-to-contactless-payments/
Answer:
|
Axis BankWear N Pay Tappy Technologies Axis
|
--(BUSINESS WIRE)--(Thales)Axis BankTappy TechnologiesAxis BankAxis Bank Thales Gemalto FlexiTagAxis Bank Axis BankAxis Axis BankSanjeev MogheWear N PayWear N Pay Emmanuel de RoquefeuilAxis Bank Tappy TechnologiesSuboor AhmedAxis BankTappy 202040%1 HO 6881,0002020170 19531,800 Axis Bank Axis Bank20201231Axis Bank4,56811,6292,521Axis GroupAxis Mutual FundAxis Securities Ltd.Axis FinanceAxis TrusteeAxis CapitalA.TReDS Ltd.FreechargeAxis Bank Foundationhttps://www.axisbank.com Tappy Technologies Tappy Technologies//PCIEMVCo(PLC)(TES)Tappy Technologies//www.tappytech.com 1 https://newsroom.mastercard.com/latin-america/press-releases/mastercard-study-shows-consumers-in-lac-make-the-move-to-contactless-payments/
|
edtsum4191
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: TEXASand ARIZONA, Jan. 4, 2021 /PRNewswire/ -- Almost 800 Teamsters who work at Albertsons' [NYSE: ACI] Southwest and Southern distribution centers are participating in "just practicing" picketing today. The actions protest the company's refusal to comply with COVID-19 safety guidelines and federal labor law. The 800 drivers and warehouse workers, who service over 200 grocery stores in Arizona, Nevada, New Mexico, Utah, and Texas are concerned that the company's failure to fully comply with COVID-19 safety guidelines and its refusal to provide information about the company's COVID-19 safety plan is putting the safety of workers, their families and the communities they service at risk. At the Albertsons distribution center in Tolleson, Arizona, which services over 175 stores including Safeway in Arizona and New Mexico, Vons in Las Vegas, Nevada, and Albertsons in Arizona, New Mexico, Southern Utah and El Paso, Texas, drivers and warehouse workers represented by Teamsters Local Union 104 report that the company is refusing to allow for social distancing in the company's warehouse and refusing to provide an adequate amount of quarantine and emergency sick leave pay to workers that are required to isolate or quarantine due to COVID-19. "Since the pandemic began, our brave members have worked up to 14 hours a day, six days a week to keep grocery stores stocked and provide food to our communities," said Russell Medigovich, Business Agent with Teamsters Local 104. "We expect Albertsons to follow the recommendations of public health experts to protect frontline workers and their families. If Albertsons continues to put our Teamster brothers and sisters at risk, we are prepared to take on that fight." At Albertsons' Dallas distribution center located in Roanoke, Texas, 78 Randalls, Tom Thumb, and El Rancho Supermercado drivers and spotters represented by Teamsters Local 745 report that the company is failing to comply with COVID-19 guidelines, including providing workers with adequate supply of personal protective equipment and deep cleaning vehicles presumably contaminated with COVID-19. Several workers report that they have been forced to supply their own PPE and cleaning supplies to stay safe at work. In addition, Albertsons is currently refusing to provide Teamsters Local 745 with a COVID-19 safety plan for the facility, in violation of federal labor laws. "Albertsons is raking in huge profits from COVID-19, but it's our members who are risking their lives and those of their families by working up to 14-hour shifts, six to seven days a week for the past eight months to keep market shelves stocked," said Brent Taylor, Secretary-Treasurer and Business Managerof Teamsters Local 745."It's outrageous that Albertsons is refusing to provide us with the information we need to protect our members." Albertsons operates more than 2,200 stores across 34 states and the District of Columbia under 20 brands including Albertsons, Randalls, Safeway, Tom Thumb and Vons. During the pandemic, Albertsons has almost tripled its profits, raising its operating profits by 182 percent from $355 million in Q2 of 2019 to $1.0 billion in Q2 of 2020. Albertsons employs roughly 270,000 employees, including approximately 185,000 covered by collective bargaining agreements. The Teamsters represent over 11,000 Albertsons distribution, warehouse, dairy and food processing workers. Contact: Local 104: Dawn Schumann, (602) 300-5650[emailprotected] Local 745: Brent Taylor, (214) 417-6455[emailprotected] SOURCE International Brotherhood of Teamsters Related Links http://www.teamster.org
Answer:
|
Teamsters "Just Practice" Picketing Against Albertsons' Southern And Southwest Divisions Almost 800 Albertsons Distribution Workers Demand Better COVID-19 Protections
|
TEXASand ARIZONA, Jan. 4, 2021 /PRNewswire/ -- Almost 800 Teamsters who work at Albertsons' [NYSE: ACI] Southwest and Southern distribution centers are participating in "just practicing" picketing today. The actions protest the company's refusal to comply with COVID-19 safety guidelines and federal labor law. The 800 drivers and warehouse workers, who service over 200 grocery stores in Arizona, Nevada, New Mexico, Utah, and Texas are concerned that the company's failure to fully comply with COVID-19 safety guidelines and its refusal to provide information about the company's COVID-19 safety plan is putting the safety of workers, their families and the communities they service at risk. At the Albertsons distribution center in Tolleson, Arizona, which services over 175 stores including Safeway in Arizona and New Mexico, Vons in Las Vegas, Nevada, and Albertsons in Arizona, New Mexico, Southern Utah and El Paso, Texas, drivers and warehouse workers represented by Teamsters Local Union 104 report that the company is refusing to allow for social distancing in the company's warehouse and refusing to provide an adequate amount of quarantine and emergency sick leave pay to workers that are required to isolate or quarantine due to COVID-19. "Since the pandemic began, our brave members have worked up to 14 hours a day, six days a week to keep grocery stores stocked and provide food to our communities," said Russell Medigovich, Business Agent with Teamsters Local 104. "We expect Albertsons to follow the recommendations of public health experts to protect frontline workers and their families. If Albertsons continues to put our Teamster brothers and sisters at risk, we are prepared to take on that fight." At Albertsons' Dallas distribution center located in Roanoke, Texas, 78 Randalls, Tom Thumb, and El Rancho Supermercado drivers and spotters represented by Teamsters Local 745 report that the company is failing to comply with COVID-19 guidelines, including providing workers with adequate supply of personal protective equipment and deep cleaning vehicles presumably contaminated with COVID-19. Several workers report that they have been forced to supply their own PPE and cleaning supplies to stay safe at work. In addition, Albertsons is currently refusing to provide Teamsters Local 745 with a COVID-19 safety plan for the facility, in violation of federal labor laws. "Albertsons is raking in huge profits from COVID-19, but it's our members who are risking their lives and those of their families by working up to 14-hour shifts, six to seven days a week for the past eight months to keep market shelves stocked," said Brent Taylor, Secretary-Treasurer and Business Managerof Teamsters Local 745."It's outrageous that Albertsons is refusing to provide us with the information we need to protect our members." Albertsons operates more than 2,200 stores across 34 states and the District of Columbia under 20 brands including Albertsons, Randalls, Safeway, Tom Thumb and Vons. During the pandemic, Albertsons has almost tripled its profits, raising its operating profits by 182 percent from $355 million in Q2 of 2019 to $1.0 billion in Q2 of 2020. Albertsons employs roughly 270,000 employees, including approximately 185,000 covered by collective bargaining agreements. The Teamsters represent over 11,000 Albertsons distribution, warehouse, dairy and food processing workers. Contact: Local 104: Dawn Schumann, (602) 300-5650[emailprotected] Local 745: Brent Taylor, (214) 417-6455[emailprotected] SOURCE International Brotherhood of Teamsters Related Links http://www.teamster.org
|
edtsum4193
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: AUSTIN, Texas, Aug. 3, 2020 /PRNewswire/ -- Nearly four months after global boutique Swedish design and stationery brand kikki.K entered voluntary administration, U.S.-based lifestyle products company EC Design, parent company of Erin Condren, acquired the Australian-based brand on July 30, 2020 and plans to shepherd the organization through a restructuring process to preserve nearly 30 stores and 250 jobs. "We have long admired kikki.K for its unique design and functional products, and we are thrilled to welcome this incredible team into the EC Design family," said Tonia Misvaer, CEO of Erin Condren. "The beautiful Swedish design aesthetic that is signature to the kikki.K brand will remain and will now be more readily accessible to U.S. audiences." After nearly three years of devastating economic and environmental disasters impacted the brand in key markets in over 150 countries it services Brexit, Australian bushfires, COVID-19 kikki.K entered voluntary administration in March 2020. The Australian voluntary administration process, is similar to bankruptcy filings in the U.S., involves an insolvent company being evaluated by an independent party to assess all available options and generate the best outcome to move forward. "After learning of kikki.K's intention to enter voluntary administration, we knew we were in a unique position to step in and serve as stewards of the brand's renaissance," said Misvaer. "We look forward to working with everyone at kikki.K through this restructuring process and returning the brand to profitability. We invite all longtime kikki.K fans and Erin Condren loyalists to keep their eyes open for new designs, product offerings and creative endeavors as we bring even more beautiful, purposeful products to life." Following the acquisition kikki.K will retain its headquarters in Melbourne, Australia and Swedish-born founder Kristina Karlsson will remain in her current role as Creative Director with Co-Founder, Paul Lacy as CEO. "We are so excited about our partnership with EC Design. We're so happy that we've been able to preserve hundreds of jobs and be well set up to thrive again so we can continue making a difference in the world in small and big ways," said Kristina Karlsson, Founder of kikki.K. "With this partnership, the Erin Condren team will assist us in strengthening the kikki.K brand across the U.S. market and help grow our e-Commerce business. It also provides a great opportunity for Erin Condren to expand internationally in new growth markets that we know well, like Europe, Asia, Australia and many others. There is so much that we can learn from each other to continue doing what we both do best, and that's creating and sharing beautiful products that make a genuine positive impact on people's lives." About Erin CondrenErin Condren is a lifestyle brand known for creating fun and functional organization essentials for the home, office and everything in between. From high-quality planners and notebooks to custom organizers, desk accessories and more, each product is intentionally crafted to help customers achieve goals, reduce stress and lead more joyful, meaningful lives through organization. In a time when we could all use more motivation and inspiration, Erin Condren products offer customers around the world structure and custom organization solutions in uncertain times. The company was founded in 2005 by Erin Condren and has since grown into a leading brand in the organization space, with its signature LifePlanner having sold over 2 million copies worldwide, over 1 million followers on social media, 4 retail locations, and features in Good Housekeeping, Forbes, and the New York Times. The brand's bestsellers are available viaErinCondren.com, Erin Condren retail stores, and select retailers nationwide, including QVC, Amazon and more. About kikki.Kkikki.K is a global Swedish design and stationery brand which was established in Australia in 2001 and has passionate customers in over 150 countries around the world. It was founded by Swedish-born Kristina 'kikki' Karlsson who combined her life passions with a love of Swedish design and a dream to do something meaningful. Through a unique offering of beautiful stationery and lifestyle pieces that bring sparks of joy to everyday life, kikki.K inspires and empowers people the world over to live their best life every day. Kristina is also an established author, her debut best-selling book 'Your Dream Life Starts Here' the first step of her "big crazy dream" to inspire and empower 101 million people around the world to write down three dreams and take action to make them a reality. SOURCE Erin Condren Related Links http://www.erincondren.com
Answer:
|
EC Design Acquires Stationery Brand kikki.K Pledges Return to Profitability for the Company and Preservation of Jobs and Stores
|
AUSTIN, Texas, Aug. 3, 2020 /PRNewswire/ -- Nearly four months after global boutique Swedish design and stationery brand kikki.K entered voluntary administration, U.S.-based lifestyle products company EC Design, parent company of Erin Condren, acquired the Australian-based brand on July 30, 2020 and plans to shepherd the organization through a restructuring process to preserve nearly 30 stores and 250 jobs. "We have long admired kikki.K for its unique design and functional products, and we are thrilled to welcome this incredible team into the EC Design family," said Tonia Misvaer, CEO of Erin Condren. "The beautiful Swedish design aesthetic that is signature to the kikki.K brand will remain and will now be more readily accessible to U.S. audiences." After nearly three years of devastating economic and environmental disasters impacted the brand in key markets in over 150 countries it services Brexit, Australian bushfires, COVID-19 kikki.K entered voluntary administration in March 2020. The Australian voluntary administration process, is similar to bankruptcy filings in the U.S., involves an insolvent company being evaluated by an independent party to assess all available options and generate the best outcome to move forward. "After learning of kikki.K's intention to enter voluntary administration, we knew we were in a unique position to step in and serve as stewards of the brand's renaissance," said Misvaer. "We look forward to working with everyone at kikki.K through this restructuring process and returning the brand to profitability. We invite all longtime kikki.K fans and Erin Condren loyalists to keep their eyes open for new designs, product offerings and creative endeavors as we bring even more beautiful, purposeful products to life." Following the acquisition kikki.K will retain its headquarters in Melbourne, Australia and Swedish-born founder Kristina Karlsson will remain in her current role as Creative Director with Co-Founder, Paul Lacy as CEO. "We are so excited about our partnership with EC Design. We're so happy that we've been able to preserve hundreds of jobs and be well set up to thrive again so we can continue making a difference in the world in small and big ways," said Kristina Karlsson, Founder of kikki.K. "With this partnership, the Erin Condren team will assist us in strengthening the kikki.K brand across the U.S. market and help grow our e-Commerce business. It also provides a great opportunity for Erin Condren to expand internationally in new growth markets that we know well, like Europe, Asia, Australia and many others. There is so much that we can learn from each other to continue doing what we both do best, and that's creating and sharing beautiful products that make a genuine positive impact on people's lives." About Erin CondrenErin Condren is a lifestyle brand known for creating fun and functional organization essentials for the home, office and everything in between. From high-quality planners and notebooks to custom organizers, desk accessories and more, each product is intentionally crafted to help customers achieve goals, reduce stress and lead more joyful, meaningful lives through organization. In a time when we could all use more motivation and inspiration, Erin Condren products offer customers around the world structure and custom organization solutions in uncertain times. The company was founded in 2005 by Erin Condren and has since grown into a leading brand in the organization space, with its signature LifePlanner having sold over 2 million copies worldwide, over 1 million followers on social media, 4 retail locations, and features in Good Housekeeping, Forbes, and the New York Times. The brand's bestsellers are available viaErinCondren.com, Erin Condren retail stores, and select retailers nationwide, including QVC, Amazon and more. About kikki.Kkikki.K is a global Swedish design and stationery brand which was established in Australia in 2001 and has passionate customers in over 150 countries around the world. It was founded by Swedish-born Kristina 'kikki' Karlsson who combined her life passions with a love of Swedish design and a dream to do something meaningful. Through a unique offering of beautiful stationery and lifestyle pieces that bring sparks of joy to everyday life, kikki.K inspires and empowers people the world over to live their best life every day. Kristina is also an established author, her debut best-selling book 'Your Dream Life Starts Here' the first step of her "big crazy dream" to inspire and empower 101 million people around the world to write down three dreams and take action to make them a reality. SOURCE Erin Condren Related Links http://www.erincondren.com
|
edtsum4194
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: MERIDIAN, Miss., April 17, 2020 /PRNewswire/ -- Michael S. Thaggard, MD, is being recognized by Continental Who's Who as a Top Radiologist in the field of Medicine as the President and a Radiologist at Meridian Imaging, PA. A private clinical radiology practice, Meridian Imaging was founded in 2007. Their practice offers all areas of diagnostic radiology, such as PET, MRI, CT scan, x-ray, bone density (DEXA), ultrasound, and nuclear medicine. In addition to imaging, they render minimally invasive vascular and interventional radiology services. Interventional services include diagnostic angiography and angioplasty and stent placement of narrowed arteries and veins. With over 30 years of experience, Dr. Thaggard has developed a laudable reputation as a leading provider in the Lauderdale County. An acclaimed physician, he specializes in general diagnostic radiology and prostate and breast imaging. Prior to his career, he earned a Bachelor of Science degree from Mississippi College and a Doctor of Medicine degree from the University of Mississippi School of Medicine in Jackson. Following his education, he worked as an intern and a resident at the University of Texas Southwestern in Dallas. Remaining at the forefront of his field, Dr. Thaggard serves as a fellow of the American College of Radiology. In addition to this role, he maintains affiliations with the Radiological Society of North America, American Medical Association, Mississippi Medical Society, and the American Roentgen-Ray Association. Dr. Thaggard dedicates this recognition in loving memory of his father Andrew Lamar Thaggard, MD. Contact: Katherine Green , 516-825-5634 [emailprotected] SOURCE Continental Who's Who Related Links http://www.continentalwhoswho.com
Answer:
|
Michael S. Thaggard, MD is recognized by Continental Who's Who
|
MERIDIAN, Miss., April 17, 2020 /PRNewswire/ -- Michael S. Thaggard, MD, is being recognized by Continental Who's Who as a Top Radiologist in the field of Medicine as the President and a Radiologist at Meridian Imaging, PA. A private clinical radiology practice, Meridian Imaging was founded in 2007. Their practice offers all areas of diagnostic radiology, such as PET, MRI, CT scan, x-ray, bone density (DEXA), ultrasound, and nuclear medicine. In addition to imaging, they render minimally invasive vascular and interventional radiology services. Interventional services include diagnostic angiography and angioplasty and stent placement of narrowed arteries and veins. With over 30 years of experience, Dr. Thaggard has developed a laudable reputation as a leading provider in the Lauderdale County. An acclaimed physician, he specializes in general diagnostic radiology and prostate and breast imaging. Prior to his career, he earned a Bachelor of Science degree from Mississippi College and a Doctor of Medicine degree from the University of Mississippi School of Medicine in Jackson. Following his education, he worked as an intern and a resident at the University of Texas Southwestern in Dallas. Remaining at the forefront of his field, Dr. Thaggard serves as a fellow of the American College of Radiology. In addition to this role, he maintains affiliations with the Radiological Society of North America, American Medical Association, Mississippi Medical Society, and the American Roentgen-Ray Association. Dr. Thaggard dedicates this recognition in loving memory of his father Andrew Lamar Thaggard, MD. Contact: Katherine Green , 516-825-5634 [emailprotected] SOURCE Continental Who's Who Related Links http://www.continentalwhoswho.com
|
edtsum4195
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: STERLING, Va., Jan. 19, 2021 /PRNewswire/ -- In honor of International Sous Vide Day, Cuisine Solutions Inc., (CUSI), the global leader and largest premium food company in pioneering and perfecting sous vide cooking techniques, will host their first annual virtual event on January 26, 2021 from 9 a.m. to 4 p.m. EST,celebrating the birthday of Master of Modern Sous Vide, Dr. Bruno Goussault. (PRNewsfoto/Cuisine Solutions, Inc.) The all-day virtual affair will be available through the online meeting platform Convene from January 26 through March 26 and give guests an inside look at the history and artistry of sous vide. The experience, emceed by Nycci Nellis, host of the podcast Industry Night and the Foodie and the Beast radio show, will boast an exciting schedule of free programs open to those who register at www.internationalsousvideday.com. The global sous vide video cooking series will spotlight chefs from the four international locations that Cuisine Solutions operates, USA, France, Thailand and UAE. Acclaimed chefs include Nicolas Adamopoulos of Restaurant Sens in Angers, France; Katie Button of Crate Bar de Tapas in Asheville, North Carolina; Ian Kittichai of Issaya Siamese Club in Bangkok, Thailand; and Eka Mochamad of At.mosphere Burj Khalifa, the tallest restaurant in the world, located in Dubai, UAE. Kitchen Troubadour,a docufilm, will illuminate the life of Dr. Bruno Goussault, introducing us to the places and people that have influenced him over the past 50 years. The film features interviews with Franois Adamski, Yannick Allno,Jos Andrs, ric Briffard, Ana and David Deshaies, Rita Fuligna, Rubn Garca, Guillaume Gomez, Todd Gray, Carla Hall, Christian Millet, Franck Mischler, Martino Ruggieri, Frdric Simonin, Johnny SperoandAntoine Westermann. Cuisine Solutions' Gerard BertholonandStanislas Vilgrain will also make appearances.A chef-centric discussion will follow, bringing together Daniel Boulud, celebrity chef and restaurateur of the two Michelin-starred restaurant Daniel; Kyle Connaughton of the three Michelin-starred restaurant SingleThread and winner of the "Green Star", a Michelin Guide emblem that symbolizes excellence in sustainable gastronomy; and Grace Ramirez, celebrity chef, cookbook author and the recipient of the Distinguished Latina Star Award by the Puerto Rican Bar Association for her hurricane relief efforts. The three will speak on the challenges they have faced during the Covid-19 pandemic and time and what they foresee in the future. A panel willhighlight some of the culinary world's top leaders, innovators and disruptors to speak towards the future of restaurants and how sous vide will be an instrumental component. The roundtable will include Niren Chaudhary, Chief Executive Officer of Panera Bread; Dan Rowe, Founder & CEO of Fransmart; and Jon Taffer, Host of Bar Rescue and Chairman & CEO of Taffer Dynamics. An educational talk will be held between Felipe Hasselmann, CEO & President of Cuisine Solutionsand Josh Tetrick, the CEO and Founder of Eat Just, Inc., who will speak towards the plant-based revolution. The event will culminate in a virtual happy birthday message to Dr. Bruno Goussault. He currently serves as the Chief Scientist at Cuisine Solutions and is the founder of the Culinary Research & Education Academy (CREA), where he taught the application of sous vide cooking to Michelin-starred chefs such as Daniel Boulud and Thomas Keller, among others. Since its inception, CREA and Dr. Goussault have trained over 80% of the three-star Michelin chefs around the world. Further information can be found at: www.internationalsousvideday.com, www.lecrea.com and www.cuisinesolutions.ae For additional information, please contact R. Couri Hay, Denise Finnegan or Sarah Gartner at R. Couri Hay Creative PRT: 1-212-580-0835 E: [emailprotected]| [emailprotected]| [emailprotected]SOURCE Cuisine Solutions, Inc. Related Links http://www.cuisinesolutions.ae
Answer:
|
Cuisine Solutions Hosts Virtual Celebration for International Sous Vide Day Honoring Dr. Bruno Goussault's Birthday Michelin-Starred Chefs Including Daniel Boulud, Industry Experts and Sous Vide Ambassadors Commemorate 50 Years of Sous Vide
|
STERLING, Va., Jan. 19, 2021 /PRNewswire/ -- In honor of International Sous Vide Day, Cuisine Solutions Inc., (CUSI), the global leader and largest premium food company in pioneering and perfecting sous vide cooking techniques, will host their first annual virtual event on January 26, 2021 from 9 a.m. to 4 p.m. EST,celebrating the birthday of Master of Modern Sous Vide, Dr. Bruno Goussault. (PRNewsfoto/Cuisine Solutions, Inc.) The all-day virtual affair will be available through the online meeting platform Convene from January 26 through March 26 and give guests an inside look at the history and artistry of sous vide. The experience, emceed by Nycci Nellis, host of the podcast Industry Night and the Foodie and the Beast radio show, will boast an exciting schedule of free programs open to those who register at www.internationalsousvideday.com. The global sous vide video cooking series will spotlight chefs from the four international locations that Cuisine Solutions operates, USA, France, Thailand and UAE. Acclaimed chefs include Nicolas Adamopoulos of Restaurant Sens in Angers, France; Katie Button of Crate Bar de Tapas in Asheville, North Carolina; Ian Kittichai of Issaya Siamese Club in Bangkok, Thailand; and Eka Mochamad of At.mosphere Burj Khalifa, the tallest restaurant in the world, located in Dubai, UAE. Kitchen Troubadour,a docufilm, will illuminate the life of Dr. Bruno Goussault, introducing us to the places and people that have influenced him over the past 50 years. The film features interviews with Franois Adamski, Yannick Allno,Jos Andrs, ric Briffard, Ana and David Deshaies, Rita Fuligna, Rubn Garca, Guillaume Gomez, Todd Gray, Carla Hall, Christian Millet, Franck Mischler, Martino Ruggieri, Frdric Simonin, Johnny SperoandAntoine Westermann. Cuisine Solutions' Gerard BertholonandStanislas Vilgrain will also make appearances.A chef-centric discussion will follow, bringing together Daniel Boulud, celebrity chef and restaurateur of the two Michelin-starred restaurant Daniel; Kyle Connaughton of the three Michelin-starred restaurant SingleThread and winner of the "Green Star", a Michelin Guide emblem that symbolizes excellence in sustainable gastronomy; and Grace Ramirez, celebrity chef, cookbook author and the recipient of the Distinguished Latina Star Award by the Puerto Rican Bar Association for her hurricane relief efforts. The three will speak on the challenges they have faced during the Covid-19 pandemic and time and what they foresee in the future. A panel willhighlight some of the culinary world's top leaders, innovators and disruptors to speak towards the future of restaurants and how sous vide will be an instrumental component. The roundtable will include Niren Chaudhary, Chief Executive Officer of Panera Bread; Dan Rowe, Founder & CEO of Fransmart; and Jon Taffer, Host of Bar Rescue and Chairman & CEO of Taffer Dynamics. An educational talk will be held between Felipe Hasselmann, CEO & President of Cuisine Solutionsand Josh Tetrick, the CEO and Founder of Eat Just, Inc., who will speak towards the plant-based revolution. The event will culminate in a virtual happy birthday message to Dr. Bruno Goussault. He currently serves as the Chief Scientist at Cuisine Solutions and is the founder of the Culinary Research & Education Academy (CREA), where he taught the application of sous vide cooking to Michelin-starred chefs such as Daniel Boulud and Thomas Keller, among others. Since its inception, CREA and Dr. Goussault have trained over 80% of the three-star Michelin chefs around the world. Further information can be found at: www.internationalsousvideday.com, www.lecrea.com and www.cuisinesolutions.ae For additional information, please contact R. Couri Hay, Denise Finnegan or Sarah Gartner at R. Couri Hay Creative PRT: 1-212-580-0835 E: [emailprotected]| [emailprotected]| [emailprotected]SOURCE Cuisine Solutions, Inc. Related Links http://www.cuisinesolutions.ae
|
edtsum4196
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LAS VEGAS, Aug. 19, 2020 /PRNewswire/ --JanOne Inc. (Nasdaq: JAN), a company focused on developing treatments to market for conditions that cause severe pain and drugs with non-addictive, pain-relieving properties,today announced that it will be presenting at the 12th Annual LD 500 Conference on Thursday, September 3, 2020 at 3:00 PM ET. Tony Giordano, PhD, Chief Scientific Officer of JanOne, will present virtually to an online audience. JanOne recently entered into an agreement with CATO SMS, a world-leading, international regulatory and clinical contract research organization, to assist JanOne in expanding its current FDA authorized Investigational New Drug (IND) for JAN101, an oral, sustained release formulation of sodium nitrite, to treat vascular complications to potentially restore endothelial cell function in COVID-19 patients. JAN101 is expected to enter Phase2btrials in early 2021 to treat Peripheral Artery Disease (PAD). The company recently filed an investor deck and scientific deck. Please use the links below to view the presentations. Investor Presentation: Link: https://ir.stockpr.com/janone/sec-filings-email/content/0001564590-20-040611/jan-ex991_76.htm Scientific Presentation: Link: https://ir.stockpr.com/janone/sec-filings-email/content/0001564590-20-040485/jan-ex991_7.htm Registration and webcast information: Register here: https://ld-micro-conference.events.issuerdirect.com/ Webcast: https://www.webcaster4.com/Webcast/Page/2019/36772 "We have been waiting for the 2020 LD 500 Virtual Conference all year long. Due to Covid-19, for the first time, LD Micro is accessible to everyone, and we are honored to welcome you to one of the most trusted platforms in the microcap space," stated Chris Lahiji, Founder of LD. The LD 500 will take place on September 1st through the 4th. View JanOne's profile here:http://www.ldmicro.com/profile/JAN Forward-Looking and Cautionary Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In accordance with the safe harbor provisions of this Act, statements contained herein that look forward in time that include everything other than historical information, including statements relating to (i) JAN101's expectation of when it will enter Phase 2b trials to treat PAD, (ii) whether JAN101 can treat vascular complications in COVID-19 patients, and (iii) the timing of the submission by the company of the IND package for the FDA. These forward-looking statements can be identified by terminology such as "will," "aims," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. JanOne may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC") on Forms 10-K and 10-Q, Current Reports on Form 8-K, in its annual report to stockholders, in press releases, and other written materials and in oral statements made by its officers, directors or employees to third parties. There can be no assurance that such statements will prove to be accurate and there are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the company, including, but not limited to, plans and objectives of management for future operations or products, the market acceptance or future success of our products, and our future financial performance. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Annual Report on Form 10-K for the fiscal year ended December 28, 2019 (available at http://www.sec.gov). JanOne undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise. About JanOne JanOne (NASDAQ: JAN) is focused on developing medications to market to treat diseases that cause severe pain. By alleviating pain at the source, JanOne aims to reduce the need for opioid prescriptions to treat disease associated pain that can lead to opioid abuse. The company is also exploring solutions for non-addictive pain medications. Its lead candidate JAN101 is for treating peripheral artery disease (PAD), a condition that affects over 8.5 million Americans. JAN101 demonstrated positive results in a Phase 2a clinical trial, and Phase 2b trials are expected to begin in early 2021. JanOne is dedicated to funding resources toward innovation, technology, and education for PAD, associated vascular conditions and neuropathic pain. JanOne continues to operate its legacy businesses under their current brand names, ARCA Recycling and GeoTraq, both of which are undergoing review to determine appropriate strategic alternatives. For more information, visit janone.com About LD Micro Back in 2006, LD Micro began with the sole purpose of being an independent resource to the microcap world. What started as a newsletter highlighting unique companies, has transformed into the pre-eminent event platform in the space. The upcoming "500" in September is the Company's most ambitious project yet, and the first event that is accessible to everyone. For those interested in attending, please contact David Scher at [emailprotected] or visit www.ldmicro.com for more information. Contact: Investor Relations & Media Contact[emailprotected]1 (800) 400-2247 SOURCE JanOne Related Links http://www.janone.com
Answer:
|
JanOne to Present at The LD 500 Virtual Conference Presentation to include recent and upcoming developments and overview of drug candidate JAN101 for the potential treatment of peripheral artery disease (PAD) as well as potential applications for COVID-19 vascular complications and planned IND submission process with FDA
|
LAS VEGAS, Aug. 19, 2020 /PRNewswire/ --JanOne Inc. (Nasdaq: JAN), a company focused on developing treatments to market for conditions that cause severe pain and drugs with non-addictive, pain-relieving properties,today announced that it will be presenting at the 12th Annual LD 500 Conference on Thursday, September 3, 2020 at 3:00 PM ET. Tony Giordano, PhD, Chief Scientific Officer of JanOne, will present virtually to an online audience. JanOne recently entered into an agreement with CATO SMS, a world-leading, international regulatory and clinical contract research organization, to assist JanOne in expanding its current FDA authorized Investigational New Drug (IND) for JAN101, an oral, sustained release formulation of sodium nitrite, to treat vascular complications to potentially restore endothelial cell function in COVID-19 patients. JAN101 is expected to enter Phase2btrials in early 2021 to treat Peripheral Artery Disease (PAD). The company recently filed an investor deck and scientific deck. Please use the links below to view the presentations. Investor Presentation: Link: https://ir.stockpr.com/janone/sec-filings-email/content/0001564590-20-040611/jan-ex991_76.htm Scientific Presentation: Link: https://ir.stockpr.com/janone/sec-filings-email/content/0001564590-20-040485/jan-ex991_7.htm Registration and webcast information: Register here: https://ld-micro-conference.events.issuerdirect.com/ Webcast: https://www.webcaster4.com/Webcast/Page/2019/36772 "We have been waiting for the 2020 LD 500 Virtual Conference all year long. Due to Covid-19, for the first time, LD Micro is accessible to everyone, and we are honored to welcome you to one of the most trusted platforms in the microcap space," stated Chris Lahiji, Founder of LD. The LD 500 will take place on September 1st through the 4th. View JanOne's profile here:http://www.ldmicro.com/profile/JAN Forward-Looking and Cautionary Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In accordance with the safe harbor provisions of this Act, statements contained herein that look forward in time that include everything other than historical information, including statements relating to (i) JAN101's expectation of when it will enter Phase 2b trials to treat PAD, (ii) whether JAN101 can treat vascular complications in COVID-19 patients, and (iii) the timing of the submission by the company of the IND package for the FDA. These forward-looking statements can be identified by terminology such as "will," "aims," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. JanOne may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC") on Forms 10-K and 10-Q, Current Reports on Form 8-K, in its annual report to stockholders, in press releases, and other written materials and in oral statements made by its officers, directors or employees to third parties. There can be no assurance that such statements will prove to be accurate and there are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the company, including, but not limited to, plans and objectives of management for future operations or products, the market acceptance or future success of our products, and our future financial performance. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Annual Report on Form 10-K for the fiscal year ended December 28, 2019 (available at http://www.sec.gov). JanOne undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise. About JanOne JanOne (NASDAQ: JAN) is focused on developing medications to market to treat diseases that cause severe pain. By alleviating pain at the source, JanOne aims to reduce the need for opioid prescriptions to treat disease associated pain that can lead to opioid abuse. The company is also exploring solutions for non-addictive pain medications. Its lead candidate JAN101 is for treating peripheral artery disease (PAD), a condition that affects over 8.5 million Americans. JAN101 demonstrated positive results in a Phase 2a clinical trial, and Phase 2b trials are expected to begin in early 2021. JanOne is dedicated to funding resources toward innovation, technology, and education for PAD, associated vascular conditions and neuropathic pain. JanOne continues to operate its legacy businesses under their current brand names, ARCA Recycling and GeoTraq, both of which are undergoing review to determine appropriate strategic alternatives. For more information, visit janone.com About LD Micro Back in 2006, LD Micro began with the sole purpose of being an independent resource to the microcap world. What started as a newsletter highlighting unique companies, has transformed into the pre-eminent event platform in the space. The upcoming "500" in September is the Company's most ambitious project yet, and the first event that is accessible to everyone. For those interested in attending, please contact David Scher at [emailprotected] or visit www.ldmicro.com for more information. Contact: Investor Relations & Media Contact[emailprotected]1 (800) 400-2247 SOURCE JanOne Related Links http://www.janone.com
|
edtsum4202
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SAN JOSE, Calif.--(BUSINESS WIRE)--New data released today by AppZen, the worlds leading AI solution for modern finance teams, reveals how the pandemic and remote work have impacted company expense reports. The findings shed new light on shifts in expenses during the pandemic and uncovers differences in reimbursements based on genders and roles. Surveying 1,000 workers of companies with at least 250 employees, the data provides insight into how companies have adapted new expense policies and how those changes have impacted employees. Remote Work Policies AppZens research shows the drastic shift from office to home working and the importance of clearly stated policies. 17 percent worked remotely prior to COVID, spiking to 83 percent during the pandemic. Changing Expense Reports The volume of work from home expenses grew with the arrival of COVID. But what did employees ask employers to cover? Disparities with Positions and Gender AppZens data also shows differences among executives and non-executives in the expense report process and a gender divide. We are all experiencing changes to working habits in 2020 and that has had a clear impact on company expenses, said Anant Kale, CEO of AppZen. The data shows its in the best interest for companies to have clear policies and proactively communicate them effectively to their employees so there are no inconsistencies or perceived disparities in how companies are handling employee expenses. About AppZen AppZen is the leader in AI software for finance teams. Over 1,800 global enterprises use AppZen to automate manual finance processes, reduce expenditures, and gain real-time insights into their business spend trends. Our patented software technology delivers AI deep learning, semantic analysis, and Star Match, the only automated spend validation that processes intelligence from thousands of data sources, documents, and images to understand financial transactions and make decisions based on finance policies. AppZen is the platform of choice for todays digital CFO and their teams, including four of the top five banks, four of the top ten media companies, four of the top ten pharmaceutical manufacturers, two of the top five aerospace companies, and six of the top ten software providers. Visit us at www.appzen.com and follow us on Twitter at @AppZen For the full report, visit: https://www.appzen.com/blog/four-ways-for-finance-teams-to-avoid-employee-disengagement-during-covid *Survey Methodology: The survey was fielded on the Pollfish platform with a sample size of 1000 participants employed by organizations with 250+ workers who work for wages and are eligible for expense reimbursements. Geography of survey takers was broken down 90 percent from the United States, 10 percent from the United Kingdom. Z-test criteria (95 percent confidence level) are used to validate the statistical significance of observed differences.
Answer:
|
New AppZen Expense Reimbursement Survey Reveals Impact of COVID and Remote Work on Employees Data shows more employees are expensing during the pandemic but also reveals disparities in the expense report process based on roles and gender
|
SAN JOSE, Calif.--(BUSINESS WIRE)--New data released today by AppZen, the worlds leading AI solution for modern finance teams, reveals how the pandemic and remote work have impacted company expense reports. The findings shed new light on shifts in expenses during the pandemic and uncovers differences in reimbursements based on genders and roles. Surveying 1,000 workers of companies with at least 250 employees, the data provides insight into how companies have adapted new expense policies and how those changes have impacted employees. Remote Work Policies AppZens research shows the drastic shift from office to home working and the importance of clearly stated policies. 17 percent worked remotely prior to COVID, spiking to 83 percent during the pandemic. Changing Expense Reports The volume of work from home expenses grew with the arrival of COVID. But what did employees ask employers to cover? Disparities with Positions and Gender AppZens data also shows differences among executives and non-executives in the expense report process and a gender divide. We are all experiencing changes to working habits in 2020 and that has had a clear impact on company expenses, said Anant Kale, CEO of AppZen. The data shows its in the best interest for companies to have clear policies and proactively communicate them effectively to their employees so there are no inconsistencies or perceived disparities in how companies are handling employee expenses. About AppZen AppZen is the leader in AI software for finance teams. Over 1,800 global enterprises use AppZen to automate manual finance processes, reduce expenditures, and gain real-time insights into their business spend trends. Our patented software technology delivers AI deep learning, semantic analysis, and Star Match, the only automated spend validation that processes intelligence from thousands of data sources, documents, and images to understand financial transactions and make decisions based on finance policies. AppZen is the platform of choice for todays digital CFO and their teams, including four of the top five banks, four of the top ten media companies, four of the top ten pharmaceutical manufacturers, two of the top five aerospace companies, and six of the top ten software providers. Visit us at www.appzen.com and follow us on Twitter at @AppZen For the full report, visit: https://www.appzen.com/blog/four-ways-for-finance-teams-to-avoid-employee-disengagement-during-covid *Survey Methodology: The survey was fielded on the Pollfish platform with a sample size of 1000 participants employed by organizations with 250+ workers who work for wages and are eligible for expense reimbursements. Geography of survey takers was broken down 90 percent from the United States, 10 percent from the United Kingdom. Z-test criteria (95 percent confidence level) are used to validate the statistical significance of observed differences.
|
edtsum4208
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: IRVINE, Calif.--(BUSINESS WIRE)--Movandi, a leader in new 5G millimeter wave (mmWave) networks, today announced that it has introduced a complete new family of mmWave production ready solutions and is accelerating global 5G market trials. Based on the second generation of Movandis innovative BeamX mmWave technology, these comprehensive 5G solutions now span all major licensed mmWave bands in the global market including 24/26/28/39 GHz frequencies for repeaters, ORAN, small cells, CPE and mobile. Were continuing to push the boundaries of whats possible to deploy 5G mmWave cost effectively at scale with global operators, said Maryam Rofougaran, CEO and co-founder of Movandi. By holistically tailoring the 5G radio as a complete system, we have optimized the performance of our mmWave solutions to a far greater degree than ever before. When integrated into systems such as Verizons recently announced 5G extender, our mmWave solutions can enable full coverage and more than double or even triple range in many cases. A major challenge facing 5G deployments today is that the available sub-6-GHz spectrum does not support the latency and throughput required to deliver the optimal performance and services required by advanced applications and simultaneous users. Current sub-6-GHz 5G networks provide minimal improvement over existing 4G LTE networks and fail to deliver on the promise of 5G coverage, performance and latency in dense urban environments and crowded event venues. To realize the full value and benefits of 5G, operators must deploy mmWave solutions at scale. Movandi has responded to the challenge by delivering the first mmWave RF front-end solutions and smart active repeaters that enable the high performance, broad coverage and high availability end users expect from 5G networks. Movandis RF front-end and repeater portfolio leverages the companys patented BeamX technology to address the cost and complexity of 5G mmWave network deployment while delivering best-in-class coverage and performance. BeamX-based active repeaters, for example, can increase the coverage of mmWave base stations by 90 percent for less than 40 percent of the CAPEX cost and with only 10 percent of the OPEX of existing technologies. BeamX technology provides more than 10x the performance for customer premises equipment (CPE) than existing 5G solutions. Movandis mmWave solutions can also accelerate 5G network deployment by years by reducing the need to run fiber to every small cell tower. Movandi Delivers 24/26/28/39 GHz BeamX Solutions for Repeaters, ORAN, Small Cells, CPE and Mobile Movandis comprehensive mmWave solutions include RF chipsets (transceivers, converters and synthesizers), antennas and algorithms integrated in a modular platform that delivers a complete front-end design for 5G systems. The mmWave platform is baseband agnostic, enabling Movandi to partner with leading 5G solution providers and carriers worldwide. Movandis mmWave solutions enable complete, end-to-end 5G connectivity, extending from base stations to the customer premises, said Reza Rofougaran, CTO and co-founder of Movandi. The industry will realize the full value of 5G when mmWave coverage is ubiquitous, both indoors and outdoors. End users benefit from enhanced performance and security when they can remain in the highest performing network powered by mmWave technology instead of frequently switching between Wi-Fi, 4G LTE and 5G networks. Movandis complete mmWave solutions address the full range of 5G applications including open radio access network (O-RAN) and virtualized RAN (vRAN) radio units (RUs), small cells, repeaters, CPE devices, and mobile hot spots, tablets and smartphones. In addition, Movandis solutions can enable non-5G mmWave applications such as fixed-wireless networks and satellite communications in Ka-band frequencies. Movandis 5G radio solutions support a wide range of mmWave frequencies for global markets including 24 GHz in the US, 26 GHz in Europe and Australia, 28 GHz in Japan, Korea and the US, and 39 GHz in the US. High-band mmWave frequencies enable the ultra-high speeds and low latency that will deliver on the promise of 5G. According to the GSMA, the 26 GHz and 28 GHz frequencies have emerged as two of the most important 5G spectrum bands. These frequencies offer the widest harmonization with minimal user equipment complexity and have garnered strong international support and momentum. Movandi offers complete 5G mmWave reference designs, demos and trial opportunities to help customers reduce development costs and accelerate time to market. Contact Movandi for mmWave solution pricing information. To learn more about Movandis new solutions, visit movandi.com/products. About Movandi Movandi is the fastest growing 5G mmWave solutions company with a mission to revolutionize 5G Everywhere. The company was founded by two siblings, Maryam and Reza Rofougaran, todays top leaders in the wireless industry, whose innovations have shaped and transformed wireless in the last few decades. Having pioneered wireless systems, Movandi is solving real-world 5G mmWave deployments with unmatched differentiation and high-performance core technology in 5G integrated circuits, antennas, systems, algorithms and design disciplines to enable 5G to reach its full potential. Movandis flexible solutions solve 5G mmWave deployment cost and schedule challenges and provide future-proof solutions utilizing mesh and routing to further improve 5G coverage and capacity. Movandis strong and diverse system portfolio of IP and patents plays a critical role across the complete 5G ecosystem, from infrastructure to mobile, while allowing for maximum 5G coverage. Movandi was recently named to CNBCs 2020 Disruptor 50 list, AspenCores World Electronics Achievement Award and recognized by Verizon as a key technology partner in expanding 5G mmWave coverage.
Answer:
|
Movandi Unveils Production Ready Solutions Across All Major Global mmWave Bands for the 5G Market 5G RF Front-End and Active Repeater Portfolio Delivers Higher Integration, Lower Power, Higher Performance and Leading mmWave Frequencies for Tier 1 Operators
|
IRVINE, Calif.--(BUSINESS WIRE)--Movandi, a leader in new 5G millimeter wave (mmWave) networks, today announced that it has introduced a complete new family of mmWave production ready solutions and is accelerating global 5G market trials. Based on the second generation of Movandis innovative BeamX mmWave technology, these comprehensive 5G solutions now span all major licensed mmWave bands in the global market including 24/26/28/39 GHz frequencies for repeaters, ORAN, small cells, CPE and mobile. Were continuing to push the boundaries of whats possible to deploy 5G mmWave cost effectively at scale with global operators, said Maryam Rofougaran, CEO and co-founder of Movandi. By holistically tailoring the 5G radio as a complete system, we have optimized the performance of our mmWave solutions to a far greater degree than ever before. When integrated into systems such as Verizons recently announced 5G extender, our mmWave solutions can enable full coverage and more than double or even triple range in many cases. A major challenge facing 5G deployments today is that the available sub-6-GHz spectrum does not support the latency and throughput required to deliver the optimal performance and services required by advanced applications and simultaneous users. Current sub-6-GHz 5G networks provide minimal improvement over existing 4G LTE networks and fail to deliver on the promise of 5G coverage, performance and latency in dense urban environments and crowded event venues. To realize the full value and benefits of 5G, operators must deploy mmWave solutions at scale. Movandi has responded to the challenge by delivering the first mmWave RF front-end solutions and smart active repeaters that enable the high performance, broad coverage and high availability end users expect from 5G networks. Movandis RF front-end and repeater portfolio leverages the companys patented BeamX technology to address the cost and complexity of 5G mmWave network deployment while delivering best-in-class coverage and performance. BeamX-based active repeaters, for example, can increase the coverage of mmWave base stations by 90 percent for less than 40 percent of the CAPEX cost and with only 10 percent of the OPEX of existing technologies. BeamX technology provides more than 10x the performance for customer premises equipment (CPE) than existing 5G solutions. Movandis mmWave solutions can also accelerate 5G network deployment by years by reducing the need to run fiber to every small cell tower. Movandi Delivers 24/26/28/39 GHz BeamX Solutions for Repeaters, ORAN, Small Cells, CPE and Mobile Movandis comprehensive mmWave solutions include RF chipsets (transceivers, converters and synthesizers), antennas and algorithms integrated in a modular platform that delivers a complete front-end design for 5G systems. The mmWave platform is baseband agnostic, enabling Movandi to partner with leading 5G solution providers and carriers worldwide. Movandis mmWave solutions enable complete, end-to-end 5G connectivity, extending from base stations to the customer premises, said Reza Rofougaran, CTO and co-founder of Movandi. The industry will realize the full value of 5G when mmWave coverage is ubiquitous, both indoors and outdoors. End users benefit from enhanced performance and security when they can remain in the highest performing network powered by mmWave technology instead of frequently switching between Wi-Fi, 4G LTE and 5G networks. Movandis complete mmWave solutions address the full range of 5G applications including open radio access network (O-RAN) and virtualized RAN (vRAN) radio units (RUs), small cells, repeaters, CPE devices, and mobile hot spots, tablets and smartphones. In addition, Movandis solutions can enable non-5G mmWave applications such as fixed-wireless networks and satellite communications in Ka-band frequencies. Movandis 5G radio solutions support a wide range of mmWave frequencies for global markets including 24 GHz in the US, 26 GHz in Europe and Australia, 28 GHz in Japan, Korea and the US, and 39 GHz in the US. High-band mmWave frequencies enable the ultra-high speeds and low latency that will deliver on the promise of 5G. According to the GSMA, the 26 GHz and 28 GHz frequencies have emerged as two of the most important 5G spectrum bands. These frequencies offer the widest harmonization with minimal user equipment complexity and have garnered strong international support and momentum. Movandi offers complete 5G mmWave reference designs, demos and trial opportunities to help customers reduce development costs and accelerate time to market. Contact Movandi for mmWave solution pricing information. To learn more about Movandis new solutions, visit movandi.com/products. About Movandi Movandi is the fastest growing 5G mmWave solutions company with a mission to revolutionize 5G Everywhere. The company was founded by two siblings, Maryam and Reza Rofougaran, todays top leaders in the wireless industry, whose innovations have shaped and transformed wireless in the last few decades. Having pioneered wireless systems, Movandi is solving real-world 5G mmWave deployments with unmatched differentiation and high-performance core technology in 5G integrated circuits, antennas, systems, algorithms and design disciplines to enable 5G to reach its full potential. Movandis flexible solutions solve 5G mmWave deployment cost and schedule challenges and provide future-proof solutions utilizing mesh and routing to further improve 5G coverage and capacity. Movandis strong and diverse system portfolio of IP and patents plays a critical role across the complete 5G ecosystem, from infrastructure to mobile, while allowing for maximum 5G coverage. Movandi was recently named to CNBCs 2020 Disruptor 50 list, AspenCores World Electronics Achievement Award and recognized by Verizon as a key technology partner in expanding 5G mmWave coverage.
|
edtsum4210
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: CHICAGO, April 22, 2021 /PRNewswire/ --The sale of electric vehicles continues to skyrocket, showing no signs of stopping. BNEF predicts that in the next five years, electric vehicles will make up "10% of global passenger vehicle sales, rising to 28% in 2030 and 58% in 2040." But despite this rise, there is still a lack of innovative, efficient, and accessible charging solutions for the increasing market demand. (PRNewsfoto/Fuel Me) Fuel Me Announces "EV Fuel Me," a New Division Dedicated to Both Stationary and Portable Electric Charging Solutions! Tweet this Investing in electric vehicles means investing in a green future. Yet, as we are still developing a clean energy infrastructure, most charging stations are powered by fossil fuels, meaning the carbon footprint of electric vehicles is no better than that of traditional gas vehicles. Bloomberg reports that it takes about 286 pounds of coal to travel 1,000 miles. Fuel Me, the leader in nationwide energy distribution, is proud to announce the launch of EV Fuel Me, a new division that is dedicated to both stationary and portable electric charging solutions. EV Fuel Me systems use clean energy as they are able to operate with clean fuels such as Propane (LPG) or Compressed Natural Gas (CNG). This means drastically reducing the carbon footprint of electric vehicles while receiving faster and more accessible charging solutions. Capitalizing on its portable charging solution and nationwide vendor network, EV Fuel Me is offering 24/7 electric vehicle roadside assistance services through its mobile application. No more having to get towed to the nearest charging station. The EV Fuel Me portable charging solution will be delivered to any vehicle for a quick charge of 2 miles per minute.Moving to electric vehicles can help save our planet all while reducing operational costs for the consumer. The only issue with electric vehicles is the lack of charging infrastructure that is accessible to fossil fuel powered vehicles. As stated by COO Tom Hunter, "EV Fuel Me is the solution that the market has been waiting for." With an expanding nationwide network of portable and stationary systems, EV Fuel Me is working towards enabling the growth of the electric vehicle industry with the necessary infrastructure and convenience for proper integration, all while reducing carbon emissions. As we all work towards a green future, Fuel Me wants to capitalize on its energy distribution infrastructure to be an important player in this fundamental shift. Interested in learning more about EV Fuel Me? Visit www.fuel.me/evfuel-me for more information.Website - www.fuel.me/evfuel-me Phone - (866) 417-9153 Email - [emailprotected] Facebook - https://www.facebook.com/OfficialFuelMe LinkedIn - https://www.linkedin.com/company/fuel-me/ Twitter - https://twitter.com/OfficialFuelMe Instagram - https://www.instagram.com/officialfuelme/ SOURCE Fuel Me Related Links https://fuel.me/evfuel-me
Answer:
|
Fuel Me Takes Electric Fueling Portable, Giving Nationwide Access to Clean EV Charging
|
CHICAGO, April 22, 2021 /PRNewswire/ --The sale of electric vehicles continues to skyrocket, showing no signs of stopping. BNEF predicts that in the next five years, electric vehicles will make up "10% of global passenger vehicle sales, rising to 28% in 2030 and 58% in 2040." But despite this rise, there is still a lack of innovative, efficient, and accessible charging solutions for the increasing market demand. (PRNewsfoto/Fuel Me) Fuel Me Announces "EV Fuel Me," a New Division Dedicated to Both Stationary and Portable Electric Charging Solutions! Tweet this Investing in electric vehicles means investing in a green future. Yet, as we are still developing a clean energy infrastructure, most charging stations are powered by fossil fuels, meaning the carbon footprint of electric vehicles is no better than that of traditional gas vehicles. Bloomberg reports that it takes about 286 pounds of coal to travel 1,000 miles. Fuel Me, the leader in nationwide energy distribution, is proud to announce the launch of EV Fuel Me, a new division that is dedicated to both stationary and portable electric charging solutions. EV Fuel Me systems use clean energy as they are able to operate with clean fuels such as Propane (LPG) or Compressed Natural Gas (CNG). This means drastically reducing the carbon footprint of electric vehicles while receiving faster and more accessible charging solutions. Capitalizing on its portable charging solution and nationwide vendor network, EV Fuel Me is offering 24/7 electric vehicle roadside assistance services through its mobile application. No more having to get towed to the nearest charging station. The EV Fuel Me portable charging solution will be delivered to any vehicle for a quick charge of 2 miles per minute.Moving to electric vehicles can help save our planet all while reducing operational costs for the consumer. The only issue with electric vehicles is the lack of charging infrastructure that is accessible to fossil fuel powered vehicles. As stated by COO Tom Hunter, "EV Fuel Me is the solution that the market has been waiting for." With an expanding nationwide network of portable and stationary systems, EV Fuel Me is working towards enabling the growth of the electric vehicle industry with the necessary infrastructure and convenience for proper integration, all while reducing carbon emissions. As we all work towards a green future, Fuel Me wants to capitalize on its energy distribution infrastructure to be an important player in this fundamental shift. Interested in learning more about EV Fuel Me? Visit www.fuel.me/evfuel-me for more information.Website - www.fuel.me/evfuel-me Phone - (866) 417-9153 Email - [emailprotected] Facebook - https://www.facebook.com/OfficialFuelMe LinkedIn - https://www.linkedin.com/company/fuel-me/ Twitter - https://twitter.com/OfficialFuelMe Instagram - https://www.instagram.com/officialfuelme/ SOURCE Fuel Me Related Links https://fuel.me/evfuel-me
|
edtsum4224
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: CALABASAS, Calif.--(BUSINESS WIRE)--Arcoro, a proven provider of human resources management (HR) solutions for high-risk industries has announced a new partnership with Sage, a leading provider of construction accounting, project management and estimating software. The Arcoro and Sage partnership and technology integration allows construction organizations to connect essential employee data between both systems for streamlined data management and compliance. Sage has a long and distinguished history in providing construction companies with the software solutions that are critical to their daily operations, said Chad Mathias, VP of Channels & Alliances at Arcoro. The integration between Arcoro and Sage will help construction leaders streamline their business operations and introduce HR best practices at a time when compliance and connectivity are so crucial to business success. Integration data points exist between Arcoros Onboarding and Core HR modules and Sage 300 Construction and Real Estate and Sage 100 Contractor. HR teams can collect new hire and employee information digitally and sync it with Sage 300 or Sage 100 to maximize efficiency and minimize risk. HR and accounting teams can gather employee information within Arcoro such as contact information, hours and breaks, time off and more, and sync this information to their Sage accounting software. This creates paperless, compliant processes for tracking and managing employee information between the jobsite and the office and helps enhance employee engagement and development. In addition, Arcoro also offers popular workforce management modules for contractors including applicant tracking, time tracking, benefits management, learning management, performance management, the Affordable Care Act (ACA) compliance reporting, payroll and compensation management that provide greater workforce connectivity. Partnering with Arcoro is a natural extension of the Sage offering and for our VAR ecosystem, said Dennis Stejskal, Customer Experience Director for Sage Construction and Real Estate. Arcoro is the only HR software built for construction and this partnership provides another way we can help construction leaders manage their businesses more efficiently. Sage Construction and Real Estate is the market leader for financial, project management, and estimating systems used by more than 50,000 construction and real estate companies in North America. About Arcoro Arcoro combines proven HR software solutions designed to help high compliance and high consequence companies improve efficiencies, limit risk and build high-performing teams. With over 10,000 customers and 360,000 daily users in 20 countries around the world, Arcoro provides easy-to-use, cloud-based HR software and services that are designed to give organizations the competitive edge needed to scale and grow effectively and efficiently. Visit us online at www.arcoro.com.
Answer:
|
Arcoro Announces Partnership with Sage Integrations streamline construction accounting and HR processes
|
CALABASAS, Calif.--(BUSINESS WIRE)--Arcoro, a proven provider of human resources management (HR) solutions for high-risk industries has announced a new partnership with Sage, a leading provider of construction accounting, project management and estimating software. The Arcoro and Sage partnership and technology integration allows construction organizations to connect essential employee data between both systems for streamlined data management and compliance. Sage has a long and distinguished history in providing construction companies with the software solutions that are critical to their daily operations, said Chad Mathias, VP of Channels & Alliances at Arcoro. The integration between Arcoro and Sage will help construction leaders streamline their business operations and introduce HR best practices at a time when compliance and connectivity are so crucial to business success. Integration data points exist between Arcoros Onboarding and Core HR modules and Sage 300 Construction and Real Estate and Sage 100 Contractor. HR teams can collect new hire and employee information digitally and sync it with Sage 300 or Sage 100 to maximize efficiency and minimize risk. HR and accounting teams can gather employee information within Arcoro such as contact information, hours and breaks, time off and more, and sync this information to their Sage accounting software. This creates paperless, compliant processes for tracking and managing employee information between the jobsite and the office and helps enhance employee engagement and development. In addition, Arcoro also offers popular workforce management modules for contractors including applicant tracking, time tracking, benefits management, learning management, performance management, the Affordable Care Act (ACA) compliance reporting, payroll and compensation management that provide greater workforce connectivity. Partnering with Arcoro is a natural extension of the Sage offering and for our VAR ecosystem, said Dennis Stejskal, Customer Experience Director for Sage Construction and Real Estate. Arcoro is the only HR software built for construction and this partnership provides another way we can help construction leaders manage their businesses more efficiently. Sage Construction and Real Estate is the market leader for financial, project management, and estimating systems used by more than 50,000 construction and real estate companies in North America. About Arcoro Arcoro combines proven HR software solutions designed to help high compliance and high consequence companies improve efficiencies, limit risk and build high-performing teams. With over 10,000 customers and 360,000 daily users in 20 countries around the world, Arcoro provides easy-to-use, cloud-based HR software and services that are designed to give organizations the competitive edge needed to scale and grow effectively and efficiently. Visit us online at www.arcoro.com.
|
edtsum4230
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: FALLS CHURCH, Va., Oct. 1, 2020 /PRNewswire/ -- nVisium, a leader in application security, today released the findings of their recent research which explores the current state of cybersecurity awareness and security training initiatives within today's remote workforce. The research reveals that only 35% of respondents classify security awareness training as a 'top priority' while working remotely, and nearly half say that their DevOps teams are not experts in understanding how to protect at home wireless networks. Approximately 250 responses were analyzed and the results revealed that many organizations do not fully comprehend the critical need for implementing continuous security training initiatives, particularly during a time where corporate network attack surfaces are increasing and being exposed to millions of new endpoints. As remote working continues in prominence, IT teams must also have the skills and ability to implement the appropriate security measures to support this. However, nVisium's research reveals that only 18% of respondents deliver company-wide standard monthly reports on the latest security breaches and exploits, while a startling 40% say that their organization's developers are not experts in cybersecurity. Some other key findings from nVisium's research include: Nearly 60% of respondents say that their organization's cybersecurity training investment costs have either decreased or stayed the same since the start of remote working. Less than 30% of respondents say that integrating security tools and processes throughout the DevOps pipeline is a top priority. "Our research highlights and proves the current gaps in security training initiatives, which exist across organizations globally," said Jack Mannino, CEO at nVisium. "To be truly successful at security, organizations must implement training programs that focus on building the skills needed to secure the full development lifecycle and keep pace with emerging trends and best practices. Achieving optimum security is a continuous journey, not a destination." To learn more about nVisium's training solutions or request a demo of the DevSec Mentor platform,, please visit: https://nvisium.com/ About nVisium nVisium empowers organizations to eliminate security vulnerabilities through proven in-depth assessments, remediation, and training programs. Our experienced team of security-savvy engineers help organizations establish best practices with high ROI for their engineering and development lifecycles. Through services, software solutions, and R&D, nVisium provides security support for applications, operating systems, networks, mobile, cloud, and IoT unique to business operations, compliance initiatives, and more. Additionally, nVisium offers instructor-led and online security training. Privately owned and founded in 2009, nVisium is headquartered in Falls Church, VA, and names Fortune 500 companies and household brands as customers. Press Contact:Caroline DobynsLumina Communications410-353-5340[emailprotected] SOURCE nVisium
Answer:
|
nVisium Research Reveals Gaps in Cybersecurity Training Initiatives Within Remote Workforce 65% of Respondents Say That Security Awareness Training is Not a Top Priority
|
FALLS CHURCH, Va., Oct. 1, 2020 /PRNewswire/ -- nVisium, a leader in application security, today released the findings of their recent research which explores the current state of cybersecurity awareness and security training initiatives within today's remote workforce. The research reveals that only 35% of respondents classify security awareness training as a 'top priority' while working remotely, and nearly half say that their DevOps teams are not experts in understanding how to protect at home wireless networks. Approximately 250 responses were analyzed and the results revealed that many organizations do not fully comprehend the critical need for implementing continuous security training initiatives, particularly during a time where corporate network attack surfaces are increasing and being exposed to millions of new endpoints. As remote working continues in prominence, IT teams must also have the skills and ability to implement the appropriate security measures to support this. However, nVisium's research reveals that only 18% of respondents deliver company-wide standard monthly reports on the latest security breaches and exploits, while a startling 40% say that their organization's developers are not experts in cybersecurity. Some other key findings from nVisium's research include: Nearly 60% of respondents say that their organization's cybersecurity training investment costs have either decreased or stayed the same since the start of remote working. Less than 30% of respondents say that integrating security tools and processes throughout the DevOps pipeline is a top priority. "Our research highlights and proves the current gaps in security training initiatives, which exist across organizations globally," said Jack Mannino, CEO at nVisium. "To be truly successful at security, organizations must implement training programs that focus on building the skills needed to secure the full development lifecycle and keep pace with emerging trends and best practices. Achieving optimum security is a continuous journey, not a destination." To learn more about nVisium's training solutions or request a demo of the DevSec Mentor platform,, please visit: https://nvisium.com/ About nVisium nVisium empowers organizations to eliminate security vulnerabilities through proven in-depth assessments, remediation, and training programs. Our experienced team of security-savvy engineers help organizations establish best practices with high ROI for their engineering and development lifecycles. Through services, software solutions, and R&D, nVisium provides security support for applications, operating systems, networks, mobile, cloud, and IoT unique to business operations, compliance initiatives, and more. Additionally, nVisium offers instructor-led and online security training. Privately owned and founded in 2009, nVisium is headquartered in Falls Church, VA, and names Fortune 500 companies and household brands as customers. Press Contact:Caroline DobynsLumina Communications410-353-5340[emailprotected] SOURCE nVisium
|
edtsum4231
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: REDONDO BEACH, Calif.--(BUSINESS WIRE)--RangeWater Real Estate, a leader in multifamily real estate, selected Leonardo247s innovative process improvement platform for due diligence and onsite operations. With approximately 50,000 multifamily units across 10 states, RangeWater is ranked number 35 on the National Multifamily Housing Councils (NMHC) 50 Largest Apartment Managers List. Leonardo247 will save us considerable time and expense, and benefit our partners, clients, residents and employees, said Karen Key, Senior Director of Property Management. Our relationship with leading technology companies such as Leonardo247 enables us to deliver on our vision of being the best provider of multifamily and mixed-use real estate services in the Southeast. Maintaining consistency and streamlining operations across a large real estate portfolio is critical for delivering a high level of service to clients and residents, and results for investors, said Daniel Cunningham, founder and President of Leonardo247. We will partner with RangeWater to reduce operational risk, save time and money, and maximize investor value. About Leonardo247 Leonardo247 is the first of its kind remote performance management software that streamlines operations for real estate managers by delivering daily tasks, workflows, inspections and procedures to onsite operations teams and offers management executives real-time visibility into compliance with policies and procedures. Leonardo247 mitigates operational risk and improves consistency, transparency and accountability across an entire organization. For more information, visit www.leonardo247.com. About RangeWater Real Estate RangeWater is a fully integrated multifamily real estate company creating fulfilling experiences for its partners, clients, residents and employees across the Sun Belt. The Atlanta-based company has acquired and developed more than 27,000 multifamily units since its inception in 2006, representing over $4.7 billion in total capitalization. RangeWater currently manages a balanced portfolio of 50,000 multifamily units across ten states. With offices in Atlanta, Dallas, Denver and Tampa, RangeWater targets high job growth markets with demand for new housing. For more information, visit https://www.liverangewater.com/.
Answer:
|
RangeWater Real Estate Selects Leonardo247 to Streamline Workflows, Communications and Tasks
|
REDONDO BEACH, Calif.--(BUSINESS WIRE)--RangeWater Real Estate, a leader in multifamily real estate, selected Leonardo247s innovative process improvement platform for due diligence and onsite operations. With approximately 50,000 multifamily units across 10 states, RangeWater is ranked number 35 on the National Multifamily Housing Councils (NMHC) 50 Largest Apartment Managers List. Leonardo247 will save us considerable time and expense, and benefit our partners, clients, residents and employees, said Karen Key, Senior Director of Property Management. Our relationship with leading technology companies such as Leonardo247 enables us to deliver on our vision of being the best provider of multifamily and mixed-use real estate services in the Southeast. Maintaining consistency and streamlining operations across a large real estate portfolio is critical for delivering a high level of service to clients and residents, and results for investors, said Daniel Cunningham, founder and President of Leonardo247. We will partner with RangeWater to reduce operational risk, save time and money, and maximize investor value. About Leonardo247 Leonardo247 is the first of its kind remote performance management software that streamlines operations for real estate managers by delivering daily tasks, workflows, inspections and procedures to onsite operations teams and offers management executives real-time visibility into compliance with policies and procedures. Leonardo247 mitigates operational risk and improves consistency, transparency and accountability across an entire organization. For more information, visit www.leonardo247.com. About RangeWater Real Estate RangeWater is a fully integrated multifamily real estate company creating fulfilling experiences for its partners, clients, residents and employees across the Sun Belt. The Atlanta-based company has acquired and developed more than 27,000 multifamily units since its inception in 2006, representing over $4.7 billion in total capitalization. RangeWater currently manages a balanced portfolio of 50,000 multifamily units across ten states. With offices in Atlanta, Dallas, Denver and Tampa, RangeWater targets high job growth markets with demand for new housing. For more information, visit https://www.liverangewater.com/.
|
edtsum4233
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SAN JOSE, Calif., Oct. 27, 2020 /PRNewswire/ --Fungible Inc., a pioneer in data-centric computing, today unveiled its first line of data-centric platforms, the Fungible Storage Cluster. Powered by the Fungible Data Processing Unit (DPU), the Fungible Storage Cluster is a high performance, secure, scale-out, disaggregated data storage platform, delivering an unprecedented 15M IOPS in a 2RU form factor, scaling linearly to 300M IOPS in a single 40RU rack, and extending further to many racks. The industry-leading performance enables workloads to be consolidated, increasing utilization of storage media, and improving footprint and $/IOPS by at least 3x compared to existing software-defined storage solutions. "Today, we demonstrate how the breakthrough value of the Fungible DPU is realized in a storage product," said Pradeep Sindhu, CEO and Co-Founder of Fungible. "The Fungible Storage Cluster is not only the fastest storage platform in the market today, it is also the most cost-effective, reliable, secure and easy to use. This is truly a significant milestone on our journey to realize the vision of Fungible Data Centers where compute and storage resources are hyperdisaggregated and then composed on-demand to dynamically serve application requirements." "As enterprises move towards more data-driven business models, they will look to modernized IT infrastructure to deliver performance at scale for analytics workloads and the agility to rapidly adapt to evolving market conditions," said Eric Burgener, research VP, Infrastructure Systems, Platforms and Technologies Group at IDC. "Powered by the innovative new Fungible Data Processing Unit, Fungible's new Storage Cluster delivers eye-popping throughput of hundreds of millions of IOPS with a composable, software-defined architecture that enables on-the-fly adaptability to meet the dynamically changing requirements of the new digital era." "Innovations in data center infrastructure have occurred largely within the silos of compute, storage and networking," said Raj Yavatkar, CTO at Juniper Networks. "Fungible has broken down these silos delivering end-to-end value with Fungible DPU enabled servers interconnected by TrueFabric, a truly ground-breaking networking technology, and software composable for on-demand provisioning. This approach will serve as a blueprint for future data centers from core to edge." "We have been able to establish compelling value and broad applicability of the Fungible Storage Cluster in use cases such as distributed file systems, high-performance scale-out databases, IaaS deployments and many other areas," added Sindhu. "We look forward to seeing the industry leverage its step-function advancements in capabilities to accelerate innovations in ultra-intelligent applications of the future." The Fungible Storage Cluster has been validated with IBM Spectrum Scale, delivering more than 80M read IOPS/PB. "We are excited about the expansion of the Spectrum Scale ecosystem with Fungible and the joint validation we have completed," said Bina Hallman, Vice President of Strategy at IBM Storage. "With the continuous advancements in NVMe SSD media and protocols, the time is ripe to capitalize on the benefits of disaggregated storage," said Ashok Ganesan, Chief Product Office at Stackpath. "The Fungible Storage Cluster comes at an opportune time to serve an industry clamoring not just to maximize performance, but to turn performance density into much better footprint and cost efficiencies." The Fungible Storage Cluster comprises a cluster of Fungible FS1600 storage target nodes connected over a standards-based IP network and the Fungible Composer software. The FS1600s implement the data path for storage while the Fungible Composer performs control and management functions. This clean separation of functions results in higher performance, better scalability and better reliability. Each FS1600 storage target node is powered by two Fungible F1 DPUs and packs 24 standard NVMe SSDs delivering an aggregate of 15M IOPS in a 2RU form factor. This represents more than 5x performance improvement over traditional x86-based storage controller solutions. The FS1600 also enables storage data services, such as data durability, data reduction, data security concurrently, in-line and at-line rate. While the FS1600 natively supports NVMe-over-TCP, it also supports NVMe-over-TrueFabric. The use of TrueFabric between the FS1600 storage target and host-side Fungible DPU offers additional benefits: specifically, built-in security, improved end-to-end performance and linear scalability to thousands of nodes. The Fungible Composer is a centralized software solution developed to configure, manage, orchestrate, control and deploy a cluster of disaggregated FS1600 storage nodes. It comprises five services; a storage service, a network management service, a telemetry service, a node management service responsible for log collection, and an API gateway that provides external access to the services provided by the Fungible Composer. "At Tech Data, our goal is to bring compelling technology solutions and value to end customers through our massive network of channel partners," said Sergio Farache, Executive VP of Strategy, Innovation, Cloud and M & A at Tech Data. "The Fungible Storage Cluster represents the type of high-value technology that will energize the channel, supporting end-customers with extremely stringent performance and efficiency requirements." "Today's technology leaders are continuously challenged to drive efficiencies, optimize for lean deployments, maximize hardware investments, yet be adequately agile to keep up with the dynamic rate of change of modern workloads," said Jay Chappell, Senior Director of Platform Architecture at Trace3. "Fungible has addressed this market in a very innovative way with their disaggregated technology. The high-performance Fungible Storage Cluster enables next-gen workloads to solve today's demands solidifying the path for what is coming next." Fungible Storage Cluster AvailabilityThe Fungible Storage Cluster is available immediately. Customers and partners may contact [emailprotected] or [emailprotected], respectively. About Fungible Inc. Silicon Valley-based Fungible is revolutionizing the performance, economics, reliability and security of scale-out data centers. Visit Fungible to learn more. Follow us on Twitter and LinkedIn. Fungible, Fungible Data Processing Unit, Fungible DPU, Fungible Data Center and TrueFabric are registered trademarks of Fungible Inc. All registered or unregistered trademarks are the sole property of their respective owners. Media Contact:Gary BirdFungible Media831.401.3175[emailprotected] SOURCE Fungible
Answer:
|
Fungible Unveils World's Fastest NVMe Disaggregated Storage Platform
|
SAN JOSE, Calif., Oct. 27, 2020 /PRNewswire/ --Fungible Inc., a pioneer in data-centric computing, today unveiled its first line of data-centric platforms, the Fungible Storage Cluster. Powered by the Fungible Data Processing Unit (DPU), the Fungible Storage Cluster is a high performance, secure, scale-out, disaggregated data storage platform, delivering an unprecedented 15M IOPS in a 2RU form factor, scaling linearly to 300M IOPS in a single 40RU rack, and extending further to many racks. The industry-leading performance enables workloads to be consolidated, increasing utilization of storage media, and improving footprint and $/IOPS by at least 3x compared to existing software-defined storage solutions. "Today, we demonstrate how the breakthrough value of the Fungible DPU is realized in a storage product," said Pradeep Sindhu, CEO and Co-Founder of Fungible. "The Fungible Storage Cluster is not only the fastest storage platform in the market today, it is also the most cost-effective, reliable, secure and easy to use. This is truly a significant milestone on our journey to realize the vision of Fungible Data Centers where compute and storage resources are hyperdisaggregated and then composed on-demand to dynamically serve application requirements." "As enterprises move towards more data-driven business models, they will look to modernized IT infrastructure to deliver performance at scale for analytics workloads and the agility to rapidly adapt to evolving market conditions," said Eric Burgener, research VP, Infrastructure Systems, Platforms and Technologies Group at IDC. "Powered by the innovative new Fungible Data Processing Unit, Fungible's new Storage Cluster delivers eye-popping throughput of hundreds of millions of IOPS with a composable, software-defined architecture that enables on-the-fly adaptability to meet the dynamically changing requirements of the new digital era." "Innovations in data center infrastructure have occurred largely within the silos of compute, storage and networking," said Raj Yavatkar, CTO at Juniper Networks. "Fungible has broken down these silos delivering end-to-end value with Fungible DPU enabled servers interconnected by TrueFabric, a truly ground-breaking networking technology, and software composable for on-demand provisioning. This approach will serve as a blueprint for future data centers from core to edge." "We have been able to establish compelling value and broad applicability of the Fungible Storage Cluster in use cases such as distributed file systems, high-performance scale-out databases, IaaS deployments and many other areas," added Sindhu. "We look forward to seeing the industry leverage its step-function advancements in capabilities to accelerate innovations in ultra-intelligent applications of the future." The Fungible Storage Cluster has been validated with IBM Spectrum Scale, delivering more than 80M read IOPS/PB. "We are excited about the expansion of the Spectrum Scale ecosystem with Fungible and the joint validation we have completed," said Bina Hallman, Vice President of Strategy at IBM Storage. "With the continuous advancements in NVMe SSD media and protocols, the time is ripe to capitalize on the benefits of disaggregated storage," said Ashok Ganesan, Chief Product Office at Stackpath. "The Fungible Storage Cluster comes at an opportune time to serve an industry clamoring not just to maximize performance, but to turn performance density into much better footprint and cost efficiencies." The Fungible Storage Cluster comprises a cluster of Fungible FS1600 storage target nodes connected over a standards-based IP network and the Fungible Composer software. The FS1600s implement the data path for storage while the Fungible Composer performs control and management functions. This clean separation of functions results in higher performance, better scalability and better reliability. Each FS1600 storage target node is powered by two Fungible F1 DPUs and packs 24 standard NVMe SSDs delivering an aggregate of 15M IOPS in a 2RU form factor. This represents more than 5x performance improvement over traditional x86-based storage controller solutions. The FS1600 also enables storage data services, such as data durability, data reduction, data security concurrently, in-line and at-line rate. While the FS1600 natively supports NVMe-over-TCP, it also supports NVMe-over-TrueFabric. The use of TrueFabric between the FS1600 storage target and host-side Fungible DPU offers additional benefits: specifically, built-in security, improved end-to-end performance and linear scalability to thousands of nodes. The Fungible Composer is a centralized software solution developed to configure, manage, orchestrate, control and deploy a cluster of disaggregated FS1600 storage nodes. It comprises five services; a storage service, a network management service, a telemetry service, a node management service responsible for log collection, and an API gateway that provides external access to the services provided by the Fungible Composer. "At Tech Data, our goal is to bring compelling technology solutions and value to end customers through our massive network of channel partners," said Sergio Farache, Executive VP of Strategy, Innovation, Cloud and M & A at Tech Data. "The Fungible Storage Cluster represents the type of high-value technology that will energize the channel, supporting end-customers with extremely stringent performance and efficiency requirements." "Today's technology leaders are continuously challenged to drive efficiencies, optimize for lean deployments, maximize hardware investments, yet be adequately agile to keep up with the dynamic rate of change of modern workloads," said Jay Chappell, Senior Director of Platform Architecture at Trace3. "Fungible has addressed this market in a very innovative way with their disaggregated technology. The high-performance Fungible Storage Cluster enables next-gen workloads to solve today's demands solidifying the path for what is coming next." Fungible Storage Cluster AvailabilityThe Fungible Storage Cluster is available immediately. Customers and partners may contact [emailprotected] or [emailprotected], respectively. About Fungible Inc. Silicon Valley-based Fungible is revolutionizing the performance, economics, reliability and security of scale-out data centers. Visit Fungible to learn more. Follow us on Twitter and LinkedIn. Fungible, Fungible Data Processing Unit, Fungible DPU, Fungible Data Center and TrueFabric are registered trademarks of Fungible Inc. All registered or unregistered trademarks are the sole property of their respective owners. Media Contact:Gary BirdFungible Media831.401.3175[emailprotected] SOURCE Fungible
|
edtsum4234
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SAN JOSE, Calif.--(BUSINESS WIRE)--WiSA LLC, the Wireless Speaker Audio Association, founded by Summit Wireless Technologies, Inc. (NASDAQ: WISA), today announced the launch of the Tuned by THX Monaco 3.1 Wireless Home Audio System from Platin delivering a wide Wall of Sound experience. The product is the result of a broader technology partnership between THX Ltd., WiSA and Summit Wireless Technologies to develop modules and certifications to bring to Summit Wireless customers and partners higher-resolution home entertainment experiences. The Tuned by THX Platin Monaco 3.1 Wireless Home Audio System delivers wide stereo field theater-quality sound through the widely adopted WiSA audio standard and Tuned by THX calibration that maximize the systems audio performance. The speaker system includes the Axiim LINK Wireless Audio Transmitter that connects to Xbox One & Series X gaming systems. The Axiim LINK also provides users with enhanced tuning features such as preset and user adjustable equalization and speaker trim. The Monaco 3.1 Immersive Wireless Home Audio System is available now at Amazon with an MSRP of $699.99 and on promotional sale for a limited time for a $100 coupon deal hitting $599.99 sale for August 2020. This product comes on the heels of a similar 5.1 Platin Monaco system released last winter that continues to receive excellent reviews. This new WiSA Certified Monaco 3.1 system is Tuned by THX and delivers a true wall of sound experience at a very attractive price point, noted Tony Ostrom, president of WiSA. We are thankful for our partnership with THX enabling best-in-class audio solutions such as the Monaco 3.1. WiSA members are delivering the future of cinema-quality audio for the home at prices that accommodate more budgets thus enabling the adoption of high-end audio by a broader market. Key features of the Monaco 3.1 Wireless Home Audio System include: THX believes that consumers should have access to great audio experiences, regardless of the environment and medium of consumption. The Platin Monaco 3.1 Wireless Home Audio System has been Tuned by THX to deliver an improved audio experience. THX worked with Summit Wireless and WiSA engineers to create a set of high-accuracy filters and functionality within the Rx (wireless receiver) modules to provide the manufacturer with advanced loudspeaker tuning capabilities. "THX is pleased to partner with WISA on this Tuned by THX Platin Monaco 3.1 speaker system to ensure consumers experience exceptional audio with their favorite content, whether movies, music or games" said Peter Vasay, vice president, home products, THX Ltd. This Monaco system was calibrated by our THX engineers as a continuation of our partnership with WISA to bring great wireless audio systems to market at various price points. All WiSA Ready and WiSA Certified components work together seamlessly to deliver wireless, multi-channel audio capabilities and authentic concert and theater-quality sound that dramatically increases the enjoyment of movies and video, music, sports, gaming/esports, and more. As a result, consumers can expect a reliable and superior experience, but unlike traditional audio systems, set up is simple and takes just minutes, even for multi-channel setups. About WiSA, LLC WiSA, the (Wireless Speaker and Audio) Association is a consumer electronics consortium dedicated to creating interoperability standards utilized by leading brands and manufacturers to deliver immersive sound via intelligent devices. WiSA Certified components from any member brand can be combined to dramatically increase the enjoyment of movies and video, music, sports, gaming/esports, and more. WiSA also ensures robust, high resolution, multi-channel, low latency audio while eliminating the complicated set-up of traditional audio systems. For more information about WiSA, please visit: www.wisaassociation.org. About Summit Wireless Technologies, Inc. Summit Wireless Technologies, Inc. (NASDAQ: WISA) is a leading provider of immersive, wireless sound technology for intelligent devices and next generation home entertainment systems. Working with leading CE brands and manufacturers such as Harman International, a division of Samsung, LG Electronics, Klipsch, Bang & Olufsen, Xbox, a subsidiary of Microsoft, and others, Summit Wireless delivers seamless, dynamic audio experiences for high-definition content, including movies and video, music, sports, gaming/esports, and more. Summit Wireless is a founding member of WiSA, the Wireless Speaker and Audio Association and works in joint partnership to champion the most reliable interoperability standards across the audio industry. Summit Wireless, formerly named Summit Semiconductor, Inc., is headquartered in San Jose, CA with sales teams in Taiwan, China, Japan, and Korea. For more information, please visit: www.summitwireless.com. About THX Founded by legendary filmmaker George Lucas in 1983, THX Ltd. and its partners provide premium entertainment experiences in the cinema, in the home and on the go. Over the last thirty-five years, THX has expanded its certification categories beyond studios and cinemas to consumer electronics, content, live events and automotive systems. Today, THX Ltd. continues to redefine entertainment, providing exciting new technologies and assurance of experiences which provide consumers with superior audio and visual fidelity and ensure an artists vision is delivered with integrity to audiences worldwide. For more information, visit: http://www.thx.com. Get social with us and stay up-to-date with all things #THXLtd: Twitter @THX; Instagram @THXLtd; LinkedIn THX Ltd; Facebook THX Ltd. * WiSA Ready TVs, gaming PCs and console systems are ready to transmit audio to WiSA Certified speakers when a WiSA USB Transmitter is plugged in and a user interface is activated through an APP or product design like LG TVs. 2019 Summit Wireless Technologies, Inc. All rights reserved. Summit Wireless Technologies and the Summit Wireless logo are trademarks of Summit Wireless Technologies, Inc. The WiSA logo, WiSA, WiSA Ready, and WiSA Certified are trademarks, or certification marks of WiSA LLC. Third-party trade names, trademarks and product names are the intellectual property of their respective owners and product names are the intellectual property of their respective owners. THX and the THX logo are registered trademarks of THX Ltd.
Answer:
|
WiSA Announces the Launch of the Tuned by THX Platin Monaco 3.1 Plus Axiim Link, Wireless Home Theater System New Affordable 3.1 Wireless Tuned by THX (tm) and WiSA Certified Speaker System Delivering Wide Soundstage Of High-Resolution Audio for Movies, TV, Music, and Games around Xbox One & Series X
|
SAN JOSE, Calif.--(BUSINESS WIRE)--WiSA LLC, the Wireless Speaker Audio Association, founded by Summit Wireless Technologies, Inc. (NASDAQ: WISA), today announced the launch of the Tuned by THX Monaco 3.1 Wireless Home Audio System from Platin delivering a wide Wall of Sound experience. The product is the result of a broader technology partnership between THX Ltd., WiSA and Summit Wireless Technologies to develop modules and certifications to bring to Summit Wireless customers and partners higher-resolution home entertainment experiences. The Tuned by THX Platin Monaco 3.1 Wireless Home Audio System delivers wide stereo field theater-quality sound through the widely adopted WiSA audio standard and Tuned by THX calibration that maximize the systems audio performance. The speaker system includes the Axiim LINK Wireless Audio Transmitter that connects to Xbox One & Series X gaming systems. The Axiim LINK also provides users with enhanced tuning features such as preset and user adjustable equalization and speaker trim. The Monaco 3.1 Immersive Wireless Home Audio System is available now at Amazon with an MSRP of $699.99 and on promotional sale for a limited time for a $100 coupon deal hitting $599.99 sale for August 2020. This product comes on the heels of a similar 5.1 Platin Monaco system released last winter that continues to receive excellent reviews. This new WiSA Certified Monaco 3.1 system is Tuned by THX and delivers a true wall of sound experience at a very attractive price point, noted Tony Ostrom, president of WiSA. We are thankful for our partnership with THX enabling best-in-class audio solutions such as the Monaco 3.1. WiSA members are delivering the future of cinema-quality audio for the home at prices that accommodate more budgets thus enabling the adoption of high-end audio by a broader market. Key features of the Monaco 3.1 Wireless Home Audio System include: THX believes that consumers should have access to great audio experiences, regardless of the environment and medium of consumption. The Platin Monaco 3.1 Wireless Home Audio System has been Tuned by THX to deliver an improved audio experience. THX worked with Summit Wireless and WiSA engineers to create a set of high-accuracy filters and functionality within the Rx (wireless receiver) modules to provide the manufacturer with advanced loudspeaker tuning capabilities. "THX is pleased to partner with WISA on this Tuned by THX Platin Monaco 3.1 speaker system to ensure consumers experience exceptional audio with their favorite content, whether movies, music or games" said Peter Vasay, vice president, home products, THX Ltd. This Monaco system was calibrated by our THX engineers as a continuation of our partnership with WISA to bring great wireless audio systems to market at various price points. All WiSA Ready and WiSA Certified components work together seamlessly to deliver wireless, multi-channel audio capabilities and authentic concert and theater-quality sound that dramatically increases the enjoyment of movies and video, music, sports, gaming/esports, and more. As a result, consumers can expect a reliable and superior experience, but unlike traditional audio systems, set up is simple and takes just minutes, even for multi-channel setups. About WiSA, LLC WiSA, the (Wireless Speaker and Audio) Association is a consumer electronics consortium dedicated to creating interoperability standards utilized by leading brands and manufacturers to deliver immersive sound via intelligent devices. WiSA Certified components from any member brand can be combined to dramatically increase the enjoyment of movies and video, music, sports, gaming/esports, and more. WiSA also ensures robust, high resolution, multi-channel, low latency audio while eliminating the complicated set-up of traditional audio systems. For more information about WiSA, please visit: www.wisaassociation.org. About Summit Wireless Technologies, Inc. Summit Wireless Technologies, Inc. (NASDAQ: WISA) is a leading provider of immersive, wireless sound technology for intelligent devices and next generation home entertainment systems. Working with leading CE brands and manufacturers such as Harman International, a division of Samsung, LG Electronics, Klipsch, Bang & Olufsen, Xbox, a subsidiary of Microsoft, and others, Summit Wireless delivers seamless, dynamic audio experiences for high-definition content, including movies and video, music, sports, gaming/esports, and more. Summit Wireless is a founding member of WiSA, the Wireless Speaker and Audio Association and works in joint partnership to champion the most reliable interoperability standards across the audio industry. Summit Wireless, formerly named Summit Semiconductor, Inc., is headquartered in San Jose, CA with sales teams in Taiwan, China, Japan, and Korea. For more information, please visit: www.summitwireless.com. About THX Founded by legendary filmmaker George Lucas in 1983, THX Ltd. and its partners provide premium entertainment experiences in the cinema, in the home and on the go. Over the last thirty-five years, THX has expanded its certification categories beyond studios and cinemas to consumer electronics, content, live events and automotive systems. Today, THX Ltd. continues to redefine entertainment, providing exciting new technologies and assurance of experiences which provide consumers with superior audio and visual fidelity and ensure an artists vision is delivered with integrity to audiences worldwide. For more information, visit: http://www.thx.com. Get social with us and stay up-to-date with all things #THXLtd: Twitter @THX; Instagram @THXLtd; LinkedIn THX Ltd; Facebook THX Ltd. * WiSA Ready TVs, gaming PCs and console systems are ready to transmit audio to WiSA Certified speakers when a WiSA USB Transmitter is plugged in and a user interface is activated through an APP or product design like LG TVs. 2019 Summit Wireless Technologies, Inc. All rights reserved. Summit Wireless Technologies and the Summit Wireless logo are trademarks of Summit Wireless Technologies, Inc. The WiSA logo, WiSA, WiSA Ready, and WiSA Certified are trademarks, or certification marks of WiSA LLC. Third-party trade names, trademarks and product names are the intellectual property of their respective owners and product names are the intellectual property of their respective owners. THX and the THX logo are registered trademarks of THX Ltd.
|
edtsum4237
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DUBLIN--(BUSINESS WIRE)--The "Fertilizers Markets in China" report has been added to ResearchAndMarkets.com's offering. China's demand for Fertilizers has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, imports & exports, consumer consumption and capital investment for over two decades. This new study examines China's economic trends, investment environment, industry development, supply and demand, industry capacity, industry structure, marketing channels and major industry participants. Historical data (2009, 2014 and 2019) and long-term forecasts through 2024 and 2029 are presented. Major producers in China are profiled. The primary and secondary research was done in China in order to access up-to-date government regulations, market information and industry data. Data was collected from Chinese government publications, Chinese language newspapers and magazines, industry associations, local governments' industry bureaus, industry publications, and in-house databases. Interviews were conducted with Chinese industry experts, university professors, and producers in China. Economic models and quantitative methods were applied in this report to project market demand and industry trends. Metric system is used and values are presented in either Yuan (RMB, current price) and/or US dollars. This market research report provides hard-to-find market data and analyses. Today, China has the largest market in the world. If you want to expand your business or sell your products in China, this research report provides the insights and projections into Chinese markets necessary for you to do so. Key Topics Covered: I. INTRODUCTION II. BUSINESS ENVIRONMENT III. FERTILIZERS INDUSTRY ASSESSMENTS IV. FERTILIZERS PRODUCTION AND DEMAND V. FERTILIZERS CONSUMPTION BY MARKET VI. MARKET ENTRY CHANNELS VII. FERTILIZERS PRODUCER DIRECTORY Companies Mentioned For more information about this report visit https://www.researchandmarkets.com/r/8j9lvw About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Answer:
|
Chinese Fertilizers Market Report and Producers Directory 2020 - ResearchAndMarkets.com
|
DUBLIN--(BUSINESS WIRE)--The "Fertilizers Markets in China" report has been added to ResearchAndMarkets.com's offering. China's demand for Fertilizers has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, imports & exports, consumer consumption and capital investment for over two decades. This new study examines China's economic trends, investment environment, industry development, supply and demand, industry capacity, industry structure, marketing channels and major industry participants. Historical data (2009, 2014 and 2019) and long-term forecasts through 2024 and 2029 are presented. Major producers in China are profiled. The primary and secondary research was done in China in order to access up-to-date government regulations, market information and industry data. Data was collected from Chinese government publications, Chinese language newspapers and magazines, industry associations, local governments' industry bureaus, industry publications, and in-house databases. Interviews were conducted with Chinese industry experts, university professors, and producers in China. Economic models and quantitative methods were applied in this report to project market demand and industry trends. Metric system is used and values are presented in either Yuan (RMB, current price) and/or US dollars. This market research report provides hard-to-find market data and analyses. Today, China has the largest market in the world. If you want to expand your business or sell your products in China, this research report provides the insights and projections into Chinese markets necessary for you to do so. Key Topics Covered: I. INTRODUCTION II. BUSINESS ENVIRONMENT III. FERTILIZERS INDUSTRY ASSESSMENTS IV. FERTILIZERS PRODUCTION AND DEMAND V. FERTILIZERS CONSUMPTION BY MARKET VI. MARKET ENTRY CHANNELS VII. FERTILIZERS PRODUCER DIRECTORY Companies Mentioned For more information about this report visit https://www.researchandmarkets.com/r/8j9lvw About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
|
edtsum4246
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: EDGEWOOD, Ky., June 11, 2020 /PRNewswire/ -- St. Elizabeth is part of a group of cancer centers and other organizations joining together to form the COVID-19 and Cancer Consortium (CCC19) to collect and share data about cancer patients infected with the coronavirus (COVID-19). As part of CCC19, St. Elizabeth submits information to a registry that includes participants from healthcare providers from the United States, The European Union, Argentina, Canada and the United Kingdom. Dr. Dan Flora, Oncologist, St. Elizabeth Healthcare To collect information, CCC19 members fill out a survey that contains general patient care information. Patients remain anonymous and are not identified as part of the data collection. Collected data includes: Patient demographic information COVID-19 diagnosis and course of illness Cancer diagnosis and treatment details Information about underlying medical conditions and smoking status "We're really trying to get an idea of how this virus impacts the cancer population. We're studying as many patients as we can who've been impacted by cancer and COVID-19 to determine what the outcome might be and how that outcome might change depending on the treatment that they're getting," says Dr. Dan Flora, Medical Oncologist at St. Elizabeth, who is spearheading St. Elizabeth's CCC19 participation.St. Elizabeth became involved in CCC19 after Dr. Flora learned through social media about the group's grassroots efforts. He quickly marshaled a team at St. Elizabeth and began collecting data to contribute to the registry's database. CCC19 put the data to use with record speed. The registry already contains information about several thousand cancer patients with COVID-19. CCC19 released its first findings in an article published on May 28 in the leading medical journal, The Lancet (manuscript number THELANCET-D-20-09079R1). Initial results were also presented at the annual meeting of the American Society of Clinical Oncology (ASCO), which took place virtually this year.The study's findings suggest that the 30-day fatality rate for cancer patients with COVID-19 infections is about 13 percent more than twice the rate of the general population. Early results indicate that active cancer treatments, like chemotherapy, do not seem to impact the severity of the illness or the overall outcome of the infection. Investigators conclude that patients undergoing cancer treatments may continue with appropriate caution. "The work that's been done on this has been unbelievable in such a short amount of time," says Barbara Logan, Clinical Research Director at St. Elizabeth. "Within a month, they had the registry up and running. Everyone wanted to be collaborative and supportive. Nobody is getting paid. There's nothing associated with this other than people being passionate about wanting to know how COVID-19 affects cancer patients and what data can come from it. Everybody bought in and just wanted what was best for the patient."Research efforts like this will be invaluable when determining best practices for the care of cancer patients who also have COVID-19, according to Dr. Flora. "It will help us guide our decisions," he says.The commitment to leading-edge research is one of the cornerstones of St. Elizabeth's oncology services and part of an already strong foundation they intend to build upon in the future with a new Cancer Center opening this fall on the St. Elizabeth Edgewood campus, says Dr. Flora. "Research is going to be one of the pillars of the new Cancer Center. We want to prioritize cancer research as a way to find the best possible treatments for our patients. Certainly, by studying the outcomes of cancer patients, including cancer patients with COVID-19, we can learn about how to give the best treatment safely," he explains.St. Elizabeth's work with CCC19 will continue long term. The group plans to continue gathering data and using it to guide care standards and practices."We're going to have new questions that are going to be asked and having access to this data enables us to keep asking those questions and finding more answers. It's going to be really impactful," says Logan. "This work shows how community hospitals like St. Elizabeth can contribute a lot of important information. Not all research is being done at academic centers. Community hospitals like ours can help us learn a lot about cancer research and outcomes for our patients," says Dr. Flora.About St. Elizabeth HealthcareSt. Elizabeth Healthcare operates five facilities throughout Northern Kentucky and more than 115 primary care and specialty office locations in Kentucky, Indiana and Ohio. A member of the Mayo Clinic Care Network, St. Elizabeth is a mission-based organization committed to improving the health of the communities it serves, providing more than $116 million in uncompensated care and benefit to the community in 2018. For more information, visit stelizabeth.com.Public Relations Phone: (859) 301-6300 Fax: (859) 301-6340SOURCE St. Elizabeth Healthcare Related Links www.stelizabeth.com
Answer:
|
St. Elizabeth Joins Multinational Consortium Studying Cancer Patients with COVID-19
|
EDGEWOOD, Ky., June 11, 2020 /PRNewswire/ -- St. Elizabeth is part of a group of cancer centers and other organizations joining together to form the COVID-19 and Cancer Consortium (CCC19) to collect and share data about cancer patients infected with the coronavirus (COVID-19). As part of CCC19, St. Elizabeth submits information to a registry that includes participants from healthcare providers from the United States, The European Union, Argentina, Canada and the United Kingdom. Dr. Dan Flora, Oncologist, St. Elizabeth Healthcare To collect information, CCC19 members fill out a survey that contains general patient care information. Patients remain anonymous and are not identified as part of the data collection. Collected data includes: Patient demographic information COVID-19 diagnosis and course of illness Cancer diagnosis and treatment details Information about underlying medical conditions and smoking status "We're really trying to get an idea of how this virus impacts the cancer population. We're studying as many patients as we can who've been impacted by cancer and COVID-19 to determine what the outcome might be and how that outcome might change depending on the treatment that they're getting," says Dr. Dan Flora, Medical Oncologist at St. Elizabeth, who is spearheading St. Elizabeth's CCC19 participation.St. Elizabeth became involved in CCC19 after Dr. Flora learned through social media about the group's grassroots efforts. He quickly marshaled a team at St. Elizabeth and began collecting data to contribute to the registry's database. CCC19 put the data to use with record speed. The registry already contains information about several thousand cancer patients with COVID-19. CCC19 released its first findings in an article published on May 28 in the leading medical journal, The Lancet (manuscript number THELANCET-D-20-09079R1). Initial results were also presented at the annual meeting of the American Society of Clinical Oncology (ASCO), which took place virtually this year.The study's findings suggest that the 30-day fatality rate for cancer patients with COVID-19 infections is about 13 percent more than twice the rate of the general population. Early results indicate that active cancer treatments, like chemotherapy, do not seem to impact the severity of the illness or the overall outcome of the infection. Investigators conclude that patients undergoing cancer treatments may continue with appropriate caution. "The work that's been done on this has been unbelievable in such a short amount of time," says Barbara Logan, Clinical Research Director at St. Elizabeth. "Within a month, they had the registry up and running. Everyone wanted to be collaborative and supportive. Nobody is getting paid. There's nothing associated with this other than people being passionate about wanting to know how COVID-19 affects cancer patients and what data can come from it. Everybody bought in and just wanted what was best for the patient."Research efforts like this will be invaluable when determining best practices for the care of cancer patients who also have COVID-19, according to Dr. Flora. "It will help us guide our decisions," he says.The commitment to leading-edge research is one of the cornerstones of St. Elizabeth's oncology services and part of an already strong foundation they intend to build upon in the future with a new Cancer Center opening this fall on the St. Elizabeth Edgewood campus, says Dr. Flora. "Research is going to be one of the pillars of the new Cancer Center. We want to prioritize cancer research as a way to find the best possible treatments for our patients. Certainly, by studying the outcomes of cancer patients, including cancer patients with COVID-19, we can learn about how to give the best treatment safely," he explains.St. Elizabeth's work with CCC19 will continue long term. The group plans to continue gathering data and using it to guide care standards and practices."We're going to have new questions that are going to be asked and having access to this data enables us to keep asking those questions and finding more answers. It's going to be really impactful," says Logan. "This work shows how community hospitals like St. Elizabeth can contribute a lot of important information. Not all research is being done at academic centers. Community hospitals like ours can help us learn a lot about cancer research and outcomes for our patients," says Dr. Flora.About St. Elizabeth HealthcareSt. Elizabeth Healthcare operates five facilities throughout Northern Kentucky and more than 115 primary care and specialty office locations in Kentucky, Indiana and Ohio. A member of the Mayo Clinic Care Network, St. Elizabeth is a mission-based organization committed to improving the health of the communities it serves, providing more than $116 million in uncompensated care and benefit to the community in 2018. For more information, visit stelizabeth.com.Public Relations Phone: (859) 301-6300 Fax: (859) 301-6340SOURCE St. Elizabeth Healthcare Related Links www.stelizabeth.com
|
edtsum4272
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SCOTTSDALE, Ariz.--(BUSINESS WIRE)--STORE Capital Corporation (NYSE: STOR), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that Mary Fedewa has been appointed to President, in addition to her role of Chief Operating Officer and Board member. The Company also announced the promotions of Tyler Maertz to EVP of Acquisitions and Craig Barnett to EVP of Underwriting and Portfolio Management. I am thrilled to announce Marys well-deserved and well-earned promotion. As one of STOREs founders in 2011 and a member of our Board of Directors since 2016, Mary and I have worked side by side for many years, and her promotion to President reflects her abundant talent, many contributions and impactful leadership at STORE, said Christopher Volk, Chief Executive Officer of STORE Capital. Mary initially formed and led our acquisitions team, which is a distinct strategic advantage for our Company. When Mary was promoted to Chief Operating Officer in 2017, she assumed additional responsibility for our servicing, portfolio management, information technology and real estate closing areas. She has extensive knowledge of our industry, a deep passion for our business and mission, and operational expertise that has been instrumental in elevating STORE to the industry leadership position we enjoy. I look forward to continuing to work closely with Mary in her new role as we deliver value for all our stakeholders. Volk continued, I am also happy to announce the promotions of Tyler Maertz to Executive Vice President of Acquisitions and Craig Barnett to Executive Vice President of Underwriting and Portfolio management. Tyler and Craig both came to us from predecessor platforms, have been with STORE since the beginning, and have contributed greatly to building our Company. Each of them has made profound marks on our success. These promotions recognize their leadership and hard work and are also reflective of STOREs abundant leadership talent. The addition of Tyler and Craig to our senior management team is an important step as we look to fulfill our meaningful growth potential for the benefit of our many stakeholders. Tyler Maertz has served in leadership roles at STORE for nearly 10 years and was previously Senior Managing Director of Acquisitions. Prior to joining STORE as a Managing Director of Acquisitions in 2011, Tyler concluded an 11-year career with GE Capital managing customer relationships at GE Franchise Finance for numerous restaurant brands and a portfolio of assets approaching $1 billion. Previously, he led the Financial Planning & Analysis group at GE Franchise Finance. Tyler graduated Magna Cum Laude from the University of Notre Dame with a Bachelor of Business Administration degree in Finance & Accounting. He also earned a Master of Business Administration degree from Arizona State Universitys W.P. Carey School of Business, and is a CFA charterholder. Craig Barnett has served in leadership roles at STORE for nearly 10 years and was previously Senior Vice President of Portfolio Management. After joining STORE as a senior underwriter in 2011, Craig started STOREs Portfolio Management Department, which has since grown and been integral to STOREs sophisticated portfolio strategy development. Craig has nearly 20 years of broad-based commercial real estate and REIT experience. Prior to joining STORE, he was a Vice President of Franchise Capital Advisors and held leadership positions at GE Capital and Franchise Finance Corporation of America. He earned a BS in Finance from Arizona State Universitys W.P. Carey School of Business. About STORE Capital STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in more than 2,500 property locations across the United States, substantially all of which are profit centers. Additional information about STORE Capital can be found on its website at www.storecapital.com.
Answer:
|
STORE Capital Appoints Mary Fedewa President Promotes Tyler Maertz to EVP of Acquisitions and Craig Barnett to EVP of Underwriting and Portfolio Management
|
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--STORE Capital Corporation (NYSE: STOR), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that Mary Fedewa has been appointed to President, in addition to her role of Chief Operating Officer and Board member. The Company also announced the promotions of Tyler Maertz to EVP of Acquisitions and Craig Barnett to EVP of Underwriting and Portfolio Management. I am thrilled to announce Marys well-deserved and well-earned promotion. As one of STOREs founders in 2011 and a member of our Board of Directors since 2016, Mary and I have worked side by side for many years, and her promotion to President reflects her abundant talent, many contributions and impactful leadership at STORE, said Christopher Volk, Chief Executive Officer of STORE Capital. Mary initially formed and led our acquisitions team, which is a distinct strategic advantage for our Company. When Mary was promoted to Chief Operating Officer in 2017, she assumed additional responsibility for our servicing, portfolio management, information technology and real estate closing areas. She has extensive knowledge of our industry, a deep passion for our business and mission, and operational expertise that has been instrumental in elevating STORE to the industry leadership position we enjoy. I look forward to continuing to work closely with Mary in her new role as we deliver value for all our stakeholders. Volk continued, I am also happy to announce the promotions of Tyler Maertz to Executive Vice President of Acquisitions and Craig Barnett to Executive Vice President of Underwriting and Portfolio management. Tyler and Craig both came to us from predecessor platforms, have been with STORE since the beginning, and have contributed greatly to building our Company. Each of them has made profound marks on our success. These promotions recognize their leadership and hard work and are also reflective of STOREs abundant leadership talent. The addition of Tyler and Craig to our senior management team is an important step as we look to fulfill our meaningful growth potential for the benefit of our many stakeholders. Tyler Maertz has served in leadership roles at STORE for nearly 10 years and was previously Senior Managing Director of Acquisitions. Prior to joining STORE as a Managing Director of Acquisitions in 2011, Tyler concluded an 11-year career with GE Capital managing customer relationships at GE Franchise Finance for numerous restaurant brands and a portfolio of assets approaching $1 billion. Previously, he led the Financial Planning & Analysis group at GE Franchise Finance. Tyler graduated Magna Cum Laude from the University of Notre Dame with a Bachelor of Business Administration degree in Finance & Accounting. He also earned a Master of Business Administration degree from Arizona State Universitys W.P. Carey School of Business, and is a CFA charterholder. Craig Barnett has served in leadership roles at STORE for nearly 10 years and was previously Senior Vice President of Portfolio Management. After joining STORE as a senior underwriter in 2011, Craig started STOREs Portfolio Management Department, which has since grown and been integral to STOREs sophisticated portfolio strategy development. Craig has nearly 20 years of broad-based commercial real estate and REIT experience. Prior to joining STORE, he was a Vice President of Franchise Capital Advisors and held leadership positions at GE Capital and Franchise Finance Corporation of America. He earned a BS in Finance from Arizona State Universitys W.P. Carey School of Business. About STORE Capital STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in more than 2,500 property locations across the United States, substantially all of which are profit centers. Additional information about STORE Capital can be found on its website at www.storecapital.com.
|
edtsum4273
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Teledyne Technologies Incorporated (NYSE:TDY) announced today that the U.S. Securities and Exchange Commission has declared effective the Form S-4 Registration Statement concerning the pending acquisition of FLIR Systems, Inc. (NASDAQ:FLIR). Both Teledyne and FLIR have scheduled special meetings for each companys respective stockholders to approve matters related to the acquisition on May 13, 2021. Teledyne also announced today that it received antitrust clearance for the pending acquisition from regulatory authorities in Poland and South Korea. On Wednesday, April 7, 2021, Teledyne received a consent letter regarding the proposed acquisition from the President of the Office of Competition and Consumer Protection of Poland. Today, Teledyne received an unconditional clearance letter from the Korea Fair Trade Commission. Previously, Teledyne received a clearance letter from the Federal Cartel Office of Germany on April 1, 2021. On March 31, 2021, Teledyne received a No-Action Letter regarding the proposed acquisition from the Competition Bureau of the Government of Canada. Teledyne obtained antitrust clearance in the U.S. on March 1, 2021, when termination of the waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 occurred. Subject to the receipt of additional required regulatory approvals in Turkey and China, the transaction is expected to close in the second quarter of 2021. In addition, all permanent financing for the pending acquisition was completed on March 22, 2021. Financing consisted of $3.00 billion of investment-grade bonds due 2023 through 2031, as well as a $1.00 billion Term Loan Credit Agreement and an Amended and Restated Credit Agreement with capacity of $1.15 billion both maturing in 2026. About Teledyne Teledyne Technologies is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Teledynes operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe. Additional Information and Where to Find It In connection with the proposed transaction between Teledyne Technologies Incorporated (Teledyne) and FLIR Systems, Inc. (FLIR), Teledyne has filed with the Securities and Exchange Commission (the SEC) a Registration Statement on Form S-4 , as amended by Amendment No. 1, that includes a joint proxy statement of Teledyne and FLIR and a prospectus of Teledyne, as well as other relevant documents concerning the proposed transaction. The Registration Statement on Form S-4 became effective on April 12, 2021. The proposed transaction involving Teledyne and FLIR will be submitted to Teledynes stockholders and FLIRs stockholders for their consideration. Stockholders of Teledyne and stockholders of FLIR are urged to read the registration statement and the joint proxy statement/prospectus regarding the transaction and any other relevant documents filed with the SEC, as well as any amendments or supplements to those documents, because they contain important information. Stockholders can obtain a free copy of the joint proxy statement/prospectus, as well as other filings containing information about Teledyne and FLIR, without charge, at the SECs website www.sec.gov. Copies of the joint proxy statement/prospectus and the filings with the SEC that are incorporated by reference in the joint proxy statement/prospectus can also be obtained, without charge, by directing a request to Teledyne, Attn: Investor Relations, 1049 Camino Dos Rios, Thousand Oaks, California 91360, or to FLIR, Attn: Corporate Secretary, 1201 S Joyce St, Arlington, Virginia 22202. Participants in the Solicitation Teledyne, FLIR and certain of their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information regarding Teledynes directors and executive officers is available in its definitive proxy statement for its 2021 Annual Meeting, which was filed with the SEC on March 5, 2021, its Annual Report on Form 10-K for the year ended January 3, 2021, which was filed with the SEC on February 26, 2021, and certain of its Current Reports on Form 8-K. Information regarding FLIRs directors and executive officers is available in its Annual Report on Form 10-K, which was filed with the SEC on February 25, 2021. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is contained in the joint proxy statement/prospectus and other relevant materials filed with the SEC. Free copies of this document may be obtained as described in the preceding paragraph. No Offer or Solicitation This communication shall not constitute an offer to sell or the solicitation of an offer to sell or an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933. Cautionary Statement Regarding Forward Looking Statements This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, with respect to managements beliefs about the financial condition, results of operations and businesses of Teledyne in the future. Forward-looking statements involve risks and uncertainties, are based on the current expectations of the management of Teledyne and are subject to uncertainty and changes in circumstances. The forward-looking statements contained herein may include statements about the expected effects on Teledyne of the proposed acquisition of FLIR, the anticipated timing and scope of the proposed transaction and related financing, anticipated earnings enhancements, estimated cost savings and other synergies related to the proposed transaction, costs to be incurred in achieving synergies, anticipated capital expenditures and product developments, and other strategic options. Forward-looking statements generally are accompanied by words such as projects, intends, expects, anticipates, targets, estimates, will and words of similar import that convey the uncertainty of future events or outcomes. All statements made in this communication that are not historical in nature should be considered forward-looking. By its nature, forward-looking information is not a guarantee of future performance or results and involves risks and uncertainties because it relates to events and depends on circumstances that will occur in the future. Actual results could differ materially from these forward-looking statements. Many factors could change anticipated results, including: ongoing challenges and uncertainties posed by the COVID-19 pandemic for businesses and governments around the world; the occurrence of any event, change or other circumstances that could give rise to the right of Teledyne or FLIR or both to terminate the merger agreement; the outcome of any legal proceedings that may be instituted against Teledyne or FLIR in connection with the merger agreement; the failure to obtain necessary regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the transaction) or stockholder approvals or to satisfy any of the other conditions to the proposed transaction on a timely basis or at all; the inability to complete the acquisition and integration of FLIR successfully, to retain customers and key employees and to achieve operating synergies, including the possibility that the anticipated benefits of the proposed transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where Teledyne and FLIR do business; the possibility that the proposed transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; the parties ability to meet expectations regarding the timing, completion and accounting and tax treatments of the proposed transaction; changes in relevant tax and other laws; the inability to develop and market new competitive products; inherent uncertainties involved in the estimates and judgments used in the preparation of financial statements and the providing of estimates of financial measures, in accordance with U.S. GAAP and related standards; operating results of FLIR being lower than anticipated; disruptions in the global economy; the spread of the COVID-19 virus resulting in production, supply, contractual and other disruptions, including facility closures and furloughs and travel restrictions; customer and supplier bankruptcies; changes in demand for products sold to the defense electronics, instrumentation, digital imaging, energy exploration and production, commercial aviation, semiconductor and communications markets; funding, continuation and award of government programs; cuts to defense spending resulting from existing and future deficit reduction measures or changes to U.S. and foreign government spending and budget priorities triggered by the COVID-19 pandemic; impacts from the United Kingdoms exit from the European Union; uncertainties related to the policies of the new U.S. Presidential Administration; the imposition and expansion of, and responses to, trade sanctions and tariffs; escalating economic and diplomatic tension between China and the United States; and threats to the security of our confidential and proprietary information, including cyber security threats. Lower oil and natural gas prices, as well as instability in the Middle East or other oil producing regions, and new regulations or restrictions relating to energy production, including with respect to hydraulic fracturing, could further negatively affect our businesses that supply the oil and gas industry. Disruptions from the production delay of Boeings 737 Max aircraft and continued weakness in the commercial aerospace industry will negatively affect the markets of our commercial aviation businesses. In addition, financial market fluctuations affect the value of the Company's pension assets. Changes in the policies of U.S. and foreign governments, including economic sanctions, could result, over time, in reductions or realignment in defense or other government spending and further changes in programs in which the Company participates. While Teledynes growth strategy includes possible acquisitions, we cannot provide any assurance as to when, if or on what terms any acquisitions will be made. Acquisitions involve various inherent risks, such as, among others, our ability to integrate acquired businesses, retain customers and achieve identified financial and operating synergies. There are additional risks associated with acquiring, owning and operating businesses outside of the United States, including those arising from U.S. and foreign government policy changes or actions and exchange rate fluctuations. Additional factors that could cause results to differ materially from those described above can be found in Teledynes Annual Report on Form 10-K for the year ended January 3, 2021 and in other documents that Teledyne files with the SEC. All forward-looking statements speak only as of the date they are made and are based on information available at that time. Teledyne does not assume any obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.
Answer:
|
Teledyne Schedules Meeting Date for the FLIR Acquisition, Clears Poland and South Korea Antitrust Reviews
|
THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Teledyne Technologies Incorporated (NYSE:TDY) announced today that the U.S. Securities and Exchange Commission has declared effective the Form S-4 Registration Statement concerning the pending acquisition of FLIR Systems, Inc. (NASDAQ:FLIR). Both Teledyne and FLIR have scheduled special meetings for each companys respective stockholders to approve matters related to the acquisition on May 13, 2021. Teledyne also announced today that it received antitrust clearance for the pending acquisition from regulatory authorities in Poland and South Korea. On Wednesday, April 7, 2021, Teledyne received a consent letter regarding the proposed acquisition from the President of the Office of Competition and Consumer Protection of Poland. Today, Teledyne received an unconditional clearance letter from the Korea Fair Trade Commission. Previously, Teledyne received a clearance letter from the Federal Cartel Office of Germany on April 1, 2021. On March 31, 2021, Teledyne received a No-Action Letter regarding the proposed acquisition from the Competition Bureau of the Government of Canada. Teledyne obtained antitrust clearance in the U.S. on March 1, 2021, when termination of the waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 occurred. Subject to the receipt of additional required regulatory approvals in Turkey and China, the transaction is expected to close in the second quarter of 2021. In addition, all permanent financing for the pending acquisition was completed on March 22, 2021. Financing consisted of $3.00 billion of investment-grade bonds due 2023 through 2031, as well as a $1.00 billion Term Loan Credit Agreement and an Amended and Restated Credit Agreement with capacity of $1.15 billion both maturing in 2026. About Teledyne Teledyne Technologies is a leading provider of sophisticated instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems. Teledynes operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe. Additional Information and Where to Find It In connection with the proposed transaction between Teledyne Technologies Incorporated (Teledyne) and FLIR Systems, Inc. (FLIR), Teledyne has filed with the Securities and Exchange Commission (the SEC) a Registration Statement on Form S-4 , as amended by Amendment No. 1, that includes a joint proxy statement of Teledyne and FLIR and a prospectus of Teledyne, as well as other relevant documents concerning the proposed transaction. The Registration Statement on Form S-4 became effective on April 12, 2021. The proposed transaction involving Teledyne and FLIR will be submitted to Teledynes stockholders and FLIRs stockholders for their consideration. Stockholders of Teledyne and stockholders of FLIR are urged to read the registration statement and the joint proxy statement/prospectus regarding the transaction and any other relevant documents filed with the SEC, as well as any amendments or supplements to those documents, because they contain important information. Stockholders can obtain a free copy of the joint proxy statement/prospectus, as well as other filings containing information about Teledyne and FLIR, without charge, at the SECs website www.sec.gov. Copies of the joint proxy statement/prospectus and the filings with the SEC that are incorporated by reference in the joint proxy statement/prospectus can also be obtained, without charge, by directing a request to Teledyne, Attn: Investor Relations, 1049 Camino Dos Rios, Thousand Oaks, California 91360, or to FLIR, Attn: Corporate Secretary, 1201 S Joyce St, Arlington, Virginia 22202. Participants in the Solicitation Teledyne, FLIR and certain of their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information regarding Teledynes directors and executive officers is available in its definitive proxy statement for its 2021 Annual Meeting, which was filed with the SEC on March 5, 2021, its Annual Report on Form 10-K for the year ended January 3, 2021, which was filed with the SEC on February 26, 2021, and certain of its Current Reports on Form 8-K. Information regarding FLIRs directors and executive officers is available in its Annual Report on Form 10-K, which was filed with the SEC on February 25, 2021. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is contained in the joint proxy statement/prospectus and other relevant materials filed with the SEC. Free copies of this document may be obtained as described in the preceding paragraph. No Offer or Solicitation This communication shall not constitute an offer to sell or the solicitation of an offer to sell or an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933. Cautionary Statement Regarding Forward Looking Statements This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, with respect to managements beliefs about the financial condition, results of operations and businesses of Teledyne in the future. Forward-looking statements involve risks and uncertainties, are based on the current expectations of the management of Teledyne and are subject to uncertainty and changes in circumstances. The forward-looking statements contained herein may include statements about the expected effects on Teledyne of the proposed acquisition of FLIR, the anticipated timing and scope of the proposed transaction and related financing, anticipated earnings enhancements, estimated cost savings and other synergies related to the proposed transaction, costs to be incurred in achieving synergies, anticipated capital expenditures and product developments, and other strategic options. Forward-looking statements generally are accompanied by words such as projects, intends, expects, anticipates, targets, estimates, will and words of similar import that convey the uncertainty of future events or outcomes. All statements made in this communication that are not historical in nature should be considered forward-looking. By its nature, forward-looking information is not a guarantee of future performance or results and involves risks and uncertainties because it relates to events and depends on circumstances that will occur in the future. Actual results could differ materially from these forward-looking statements. Many factors could change anticipated results, including: ongoing challenges and uncertainties posed by the COVID-19 pandemic for businesses and governments around the world; the occurrence of any event, change or other circumstances that could give rise to the right of Teledyne or FLIR or both to terminate the merger agreement; the outcome of any legal proceedings that may be instituted against Teledyne or FLIR in connection with the merger agreement; the failure to obtain necessary regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the transaction) or stockholder approvals or to satisfy any of the other conditions to the proposed transaction on a timely basis or at all; the inability to complete the acquisition and integration of FLIR successfully, to retain customers and key employees and to achieve operating synergies, including the possibility that the anticipated benefits of the proposed transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where Teledyne and FLIR do business; the possibility that the proposed transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; the parties ability to meet expectations regarding the timing, completion and accounting and tax treatments of the proposed transaction; changes in relevant tax and other laws; the inability to develop and market new competitive products; inherent uncertainties involved in the estimates and judgments used in the preparation of financial statements and the providing of estimates of financial measures, in accordance with U.S. GAAP and related standards; operating results of FLIR being lower than anticipated; disruptions in the global economy; the spread of the COVID-19 virus resulting in production, supply, contractual and other disruptions, including facility closures and furloughs and travel restrictions; customer and supplier bankruptcies; changes in demand for products sold to the defense electronics, instrumentation, digital imaging, energy exploration and production, commercial aviation, semiconductor and communications markets; funding, continuation and award of government programs; cuts to defense spending resulting from existing and future deficit reduction measures or changes to U.S. and foreign government spending and budget priorities triggered by the COVID-19 pandemic; impacts from the United Kingdoms exit from the European Union; uncertainties related to the policies of the new U.S. Presidential Administration; the imposition and expansion of, and responses to, trade sanctions and tariffs; escalating economic and diplomatic tension between China and the United States; and threats to the security of our confidential and proprietary information, including cyber security threats. Lower oil and natural gas prices, as well as instability in the Middle East or other oil producing regions, and new regulations or restrictions relating to energy production, including with respect to hydraulic fracturing, could further negatively affect our businesses that supply the oil and gas industry. Disruptions from the production delay of Boeings 737 Max aircraft and continued weakness in the commercial aerospace industry will negatively affect the markets of our commercial aviation businesses. In addition, financial market fluctuations affect the value of the Company's pension assets. Changes in the policies of U.S. and foreign governments, including economic sanctions, could result, over time, in reductions or realignment in defense or other government spending and further changes in programs in which the Company participates. While Teledynes growth strategy includes possible acquisitions, we cannot provide any assurance as to when, if or on what terms any acquisitions will be made. Acquisitions involve various inherent risks, such as, among others, our ability to integrate acquired businesses, retain customers and achieve identified financial and operating synergies. There are additional risks associated with acquiring, owning and operating businesses outside of the United States, including those arising from U.S. and foreign government policy changes or actions and exchange rate fluctuations. Additional factors that could cause results to differ materially from those described above can be found in Teledynes Annual Report on Form 10-K for the year ended January 3, 2021 and in other documents that Teledyne files with the SEC. All forward-looking statements speak only as of the date they are made and are based on information available at that time. Teledyne does not assume any obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.
|
edtsum4281
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: HAMBURG, Germany--(BUSINESS WIRE)--The NAGA Group AG (XETRA: N4G, ISIN: DE000A161NR7), provider of the social network for financial market trading NAGA.com, reports on the largest financing arrangement in the company's history to date and further record growth in February 2021. NAGA has signed an agreement with the US Fund Yorkville Advisors securing a growth financing framework of up to USD 30 million. "We are excited about the deal with Yorkville and are setting the course for NAGA to scale even faster. The financing gives us the power and the flexibility to allow the company to be taken to the next level. NAGA is a growth case in a very large and rapidly growing market. This decade will be definitely the breakthrough period for FinTechs", comments NAGA CEO Benjamin Bilski on the closed deal. In addition, the company reports on preliminary results for February which have once again significantly exceeded the record figures from January 2021. In February, NAGA achieved a record user growth with 37,000 new accounts and for the first time broke the milestone of 1 million real money transactions and a trading volume of over EUR 20 billion within one month. NAGA's flagship feature "Copy Trading" is growing particularly strong and further proves NAGA's unique selling point. In February more than 560,000 copied trades were executed which marks a steep increase of 75% to the 316,000 trades copied in January. New registrations grew by 45% and the number of real money transactions increased by over 38% compared to the previous month. The comparison to the previous year underlines once more the strong growth metrics: User registration saw an increase of 700% over prior years' month (February 2020: 4,606), whilst 600% more trades were copied (February 2020: 80,000), transactions and trading volume increased by 230% (February 2020: 318,000) and 197% (February 2020: EUR 6.8 billion) respectively compared to February 2020. "The user growth, and particularly the activity and engagement ratios make us feel very confident. Evidently the concept of social media combined with trading at NAGA works very well. There is a clear shift in user behavior towards platforms like NAGA which combines stocks, cryptocurrencies and community, and it will be our core advantage over competition, especially in the area of customer-acquisition. As communicated before, we have developed a unique growth formula and can precisely control our growth which we have been proving consistently over the past 18 months. We will further increase our investment into marketing & sales especially in the light of the new financing and the fact that our growth yields return. Given our momentum, we will steer more into our social investing experience and maintain our advantages over competition. Growing our user base and increasing transactional activity will become increasingly relevant strategic metrics in 2021," concludes Bilski. ### About NAGA NAGA is an innovative fintech company that seamlessly connects personal finance transactions and investments through its social trading platform. The company's proprietary platform offers a range of products from stock trading, investments and cryptocurrencies to a physical Mastercard. Additionally, the platform allows for exchanges with other traders, provides relevant information in the feed, and autocopy features for successful members' trades. NAGA is a synergistic total solution that is easily accessible and inclusive. It provides an improved foundation to trade, invest, network, earn and pay. This applies to both fiat and crypto products. Language: English Company: The NAGA Group AG Hohe Bleichen 12 20354 Hamburg Germany E-mail: [email protected] Internet: www.naga.com ISIN: DE000A161NR7 WKN: A161NR Indices: Scale 30 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1174069
Answer:
|
The NAGA Group AG Closes USD 30 Million Financing Framework and Reports Record Growth - Largest financing arrangement in the company's history led by the US fund Yorkville Advisors - Record of 1 million transactions and EUR 20 billion trading volume in February - Record number of 37,000 new registrations
|
HAMBURG, Germany--(BUSINESS WIRE)--The NAGA Group AG (XETRA: N4G, ISIN: DE000A161NR7), provider of the social network for financial market trading NAGA.com, reports on the largest financing arrangement in the company's history to date and further record growth in February 2021. NAGA has signed an agreement with the US Fund Yorkville Advisors securing a growth financing framework of up to USD 30 million. "We are excited about the deal with Yorkville and are setting the course for NAGA to scale even faster. The financing gives us the power and the flexibility to allow the company to be taken to the next level. NAGA is a growth case in a very large and rapidly growing market. This decade will be definitely the breakthrough period for FinTechs", comments NAGA CEO Benjamin Bilski on the closed deal. In addition, the company reports on preliminary results for February which have once again significantly exceeded the record figures from January 2021. In February, NAGA achieved a record user growth with 37,000 new accounts and for the first time broke the milestone of 1 million real money transactions and a trading volume of over EUR 20 billion within one month. NAGA's flagship feature "Copy Trading" is growing particularly strong and further proves NAGA's unique selling point. In February more than 560,000 copied trades were executed which marks a steep increase of 75% to the 316,000 trades copied in January. New registrations grew by 45% and the number of real money transactions increased by over 38% compared to the previous month. The comparison to the previous year underlines once more the strong growth metrics: User registration saw an increase of 700% over prior years' month (February 2020: 4,606), whilst 600% more trades were copied (February 2020: 80,000), transactions and trading volume increased by 230% (February 2020: 318,000) and 197% (February 2020: EUR 6.8 billion) respectively compared to February 2020. "The user growth, and particularly the activity and engagement ratios make us feel very confident. Evidently the concept of social media combined with trading at NAGA works very well. There is a clear shift in user behavior towards platforms like NAGA which combines stocks, cryptocurrencies and community, and it will be our core advantage over competition, especially in the area of customer-acquisition. As communicated before, we have developed a unique growth formula and can precisely control our growth which we have been proving consistently over the past 18 months. We will further increase our investment into marketing & sales especially in the light of the new financing and the fact that our growth yields return. Given our momentum, we will steer more into our social investing experience and maintain our advantages over competition. Growing our user base and increasing transactional activity will become increasingly relevant strategic metrics in 2021," concludes Bilski. ### About NAGA NAGA is an innovative fintech company that seamlessly connects personal finance transactions and investments through its social trading platform. The company's proprietary platform offers a range of products from stock trading, investments and cryptocurrencies to a physical Mastercard. Additionally, the platform allows for exchanges with other traders, provides relevant information in the feed, and autocopy features for successful members' trades. NAGA is a synergistic total solution that is easily accessible and inclusive. It provides an improved foundation to trade, invest, network, earn and pay. This applies to both fiat and crypto products. Language: English Company: The NAGA Group AG Hohe Bleichen 12 20354 Hamburg Germany E-mail: [email protected] Internet: www.naga.com ISIN: DE000A161NR7 WKN: A161NR Indices: Scale 30 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1174069
|
edtsum4285
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: MELVILLE, N.Y., Dec. 17, 2020 /PRNewswire/ --Executives at some of the world's largest brands are rolling up their sleeves and pitching in to help small and mid-sized businesses experiencing economic hardship brought on by the pandemic. MarketingAfterCOVID.com is an in-depth compilation of actionable resources on the future of marketing in a post-COVID-19 world, grounded in interviews with chief marketing officers at brands like Serta Simmons Bedding, Princess Cruises and Mercer. The project, led by Cardwell Beach Chief Strategy Officer Brian Erickson, helps answer critical questions facing marketers across industries during the COVID-19 pandemic. The flagship effort is a Q&A style podcast where guests from varied industries bring unique perspectives on common themes to help marketers and entrepreneurs. Together, we identify tangible business survival strategies that transcend product category, geography or company size. Key areas of discussion on the show include: How should marketers allocate their budgets during a crisis? How do you create a brand that remains one step ahead in a rapidly changing landscape? How can you reposition existing products and services to meet a set of completely new consumer needs? What is the most important aspect of marketing for brands to focus on at this moment? Each guest also provides insights on what to do if you find yourself unemployed right now, discussing from personal experience the types of candidates they look for and how to stand out from the crowd throughout the application process. The podcast also includes first-hand accounts of how marketers reacted in real time, with no playbook to guide them in unprecedented situations, such as: How an international cruise line handled the first-ever COVID-19 outbreak onboard How a one-hundred-year-old national mattress brand pivoted and used TikTok to reach new audiences during the pandemic How a senior care company in the heart of the breakout during the early stages of the pandemic prioritized transparent communication How a facility services company pivoted from commercial lighting products to lighting that provides ultraviolet disinfection in a matter of weeks New episodes post several times per month alongside detailed articles on marketing strategy and tactics designed to meet the moment. Learn more at https://marketingaftercovid.com/. About Cardwell Beach: Cardwell Beach helps clients achieve exponential growth, leapfrog the competition and dominate markets by way of disciplined marketing strategies. SOURCE Cardwell Beach Related Links https://www.cardwellbeach.com/
Answer:
|
Billion-Dollar Brand Marketers Give Advice at MarketingAfterCOVID.com
|
MELVILLE, N.Y., Dec. 17, 2020 /PRNewswire/ --Executives at some of the world's largest brands are rolling up their sleeves and pitching in to help small and mid-sized businesses experiencing economic hardship brought on by the pandemic. MarketingAfterCOVID.com is an in-depth compilation of actionable resources on the future of marketing in a post-COVID-19 world, grounded in interviews with chief marketing officers at brands like Serta Simmons Bedding, Princess Cruises and Mercer. The project, led by Cardwell Beach Chief Strategy Officer Brian Erickson, helps answer critical questions facing marketers across industries during the COVID-19 pandemic. The flagship effort is a Q&A style podcast where guests from varied industries bring unique perspectives on common themes to help marketers and entrepreneurs. Together, we identify tangible business survival strategies that transcend product category, geography or company size. Key areas of discussion on the show include: How should marketers allocate their budgets during a crisis? How do you create a brand that remains one step ahead in a rapidly changing landscape? How can you reposition existing products and services to meet a set of completely new consumer needs? What is the most important aspect of marketing for brands to focus on at this moment? Each guest also provides insights on what to do if you find yourself unemployed right now, discussing from personal experience the types of candidates they look for and how to stand out from the crowd throughout the application process. The podcast also includes first-hand accounts of how marketers reacted in real time, with no playbook to guide them in unprecedented situations, such as: How an international cruise line handled the first-ever COVID-19 outbreak onboard How a one-hundred-year-old national mattress brand pivoted and used TikTok to reach new audiences during the pandemic How a senior care company in the heart of the breakout during the early stages of the pandemic prioritized transparent communication How a facility services company pivoted from commercial lighting products to lighting that provides ultraviolet disinfection in a matter of weeks New episodes post several times per month alongside detailed articles on marketing strategy and tactics designed to meet the moment. Learn more at https://marketingaftercovid.com/. About Cardwell Beach: Cardwell Beach helps clients achieve exponential growth, leapfrog the competition and dominate markets by way of disciplined marketing strategies. SOURCE Cardwell Beach Related Links https://www.cardwellbeach.com/
|
edtsum4286
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BETHESDA, Md., Dec. 28, 2020 /PRNewswire/ --Healthcare Services Acquisition Corporation today announced the closing of its upsized and oversubscribed initial public offering of 33,120,000 units at $10.00 per unit. Gross proceeds from the offering, inclusive of both a 20% upsize and full exercise of the 15% over-allotment option (or "greenshoe"), were $331.2 million. Each unit consists of one share of the company's Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one share of Class A common stock at a price of $11.50 per share. The Company's units trade on the Nasdaq Capital Market ("Nasdaq") under the symbol "HCARU." Once the securities comprising the units begin separate trading, the company expects that its Class A common stock and warrants will be listed on Nasdaq under the symbols "HCAR" and "HCARW," respectively. Healthcare Services Acquisition Corporation is led by Chairman and CEO David T. Blair, a 25-year healthcare industry veteran and former Chairman and CEO of Catalyst Health Solutions, Inc., and a team of experienced executives with public company track records, deep industry roots, transaction and financing experience, and management and corporate transformation expertise. The company's management team includes Martin J. Payne, former senior executive at Catalyst and UnitedHealth Group, as President; Joshua B. Lynn, former Managing Director at Caspian Capital, as Chief Financial Officer; and Tao Tan, former Associate Partner at McKinsey & Company, as Chief Operating Officer. Healthcare is a huge sector of the U.S. economy that is projected to exceed $4.2 trillion of expenditures in 2021 according to the Centers for Medicare & Medicaid Services. The market is growing, but also highly fragmented, and rapidly consolidating. A handful of large healthcare players claim an outsized share of the market, creating attractive opportunities for middle-market players who can offer superior service, competitive costs, and national-scale capabilities. "We are both pleased and humbled by the reception we've received from investors, and look forward to bringing to the market a company that effectively tackles our nation's increasingly complex healthcare challenges, particularly around disparities in access and outcomes, while delivering exceptional returns for our shareholders," said David T. Blair, Chairman and CEO of Healthcare Services Acquisition Corporation. "In an industry that thrives on scale, a SPAC enables us to 'start at scale' and chart a path to transformative growth by combining the power of public markets with our extensive relationships and value creation playbook." "SPACs have had a banner year. But one differentiator continues to stand out: operator-led management teams who can conduct focused searches, lead high quality independent diligence and strategic business plan development, and who are committed to strong governance and long-term value creation," said Martin J. Payne, President of Healthcare Services Acquisition Corporation. Funds and accounts managed by BlackRock serve as Healthcare Services Acquisition Corporation's anchor investor, and purchased an aggregate of $24,480,000 of units in the offering. AllianceBernstein (AB) serves as Healthcare Services Acquisition Corporation's strategic partner. "AB is delighted to partner with Healthcare Services Acquisition Corporation on this transaction, our inaugural participation as a SPAC sponsor. We look forward to leveraging our research platform, private and public company expertise, and investor networks to collaborate with management in their search and diligence processes, as well as potentially participating in future financing opportunities in connection with their eventual business combination," said Ali Dibadj, Head of Finance and Strategy for AllianceBernstein. "We believe the SPAC process will remain an important component of the capital market landscape and hope to deliver strong results for our clients over the coming years with our participation in this and other innovative strategies." B. Riley Securities, Inc., a subsidiary of B. Riley Financial, Inc.,serves as the company's sole book-running manager. "This SPAC represents an attractive opportunity to invest in a top tier management team that is committed to creating value for the underserved middle-market healthcare industry. The overwhelming investor demand for this IPO speaks to the team's operational and investment acumen. With proven industry expertise, Healthcare Services Acquisition Corporation offers a unique investment opportunity in providing necessary liquidity and a public currency to address the challenges in healthcare. We are pleased to serve as underwriter on this transaction and look forward to continue working with the team on their ultimate business combination," said Jonathan Mitchell, Senior Managing Director and Head of SPAC Banking at B. Riley Securities. Ropes & Gray LLP is serving as issuer's counsel with Ellenoff Grossman & Schole LLP as underwriters' counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC serves as trustee. Healthcare Services Acquisition Corporation (NASDAQ: HCAR)is a special purpose acquisition company led by a team of investors, operators, and leaders in the healthcare space, seeking to partner with ambitious management who are constrained by capital availability, operational expertise, and national-scale capabilities.The company closed its upsized and oversubscribed IPO on December 28, 2020, with $331.2 million in trust. For more information, please visit www.healthcarespac.com. B. Riley Financial, Inc. ("B. Riley")provides collaborative financial services solutions tailored to fit the capital raising, business, operational, and financial advisory needs of its clients and partners. B. Riley Securities, Inc., a leading full-service investment bank and FINRA registered broker-dealer, is a wholly-owned subsidiary of B. Riley Financial. B. Rileyoperates through several subsidiaries which offer a diverse range of complementary end-to-end capabilities spanning investment banking and institutional brokerage, private wealth and investment management, corporate advisory, restructuring, due diligence, forensic accounting, litigation support, appraisal and valuation, and auction and liquidation services. Certain registered affiliates of B. Riley originate and underwrite senior secured loans for asset-rich companies. B. Riley also makes proprietary investments in companies and assets with attractive return profiles.For more information about B. Riley and its affiliated companies, please visit www.brileyfin.com. BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of September 30, 2020, the firm managed approximately $7.81 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com/corporate. AllianceBernsteinis a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets, with assets under management of $631 billion as of September 30, 2020. As of September 30, 2020, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 35.5% of AllianceBernstein and Equitable Holdings, Inc., directly and through various subsidiaries, owned an approximate 65.3% economic interest in AllianceBernstein. Additional information about AB may be found on our website, www.alliancebernstein.com. Media contact: Jackie Tilden +1 (214) 914-7652 [emailprotected] SOURCE Healthcare Services Acquisition Corporation Related Links http://www.healthcarespac.com
Answer:
|
Healthcare Services Acquisition Corporation closes upsized initial public offering of $331.2 million Industry veterans close healthcare SPAC IPO with fully exercised greenshoe backed by funds and accounts managed by BlackRock and AllianceBernstein
|
BETHESDA, Md., Dec. 28, 2020 /PRNewswire/ --Healthcare Services Acquisition Corporation today announced the closing of its upsized and oversubscribed initial public offering of 33,120,000 units at $10.00 per unit. Gross proceeds from the offering, inclusive of both a 20% upsize and full exercise of the 15% over-allotment option (or "greenshoe"), were $331.2 million. Each unit consists of one share of the company's Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one share of Class A common stock at a price of $11.50 per share. The Company's units trade on the Nasdaq Capital Market ("Nasdaq") under the symbol "HCARU." Once the securities comprising the units begin separate trading, the company expects that its Class A common stock and warrants will be listed on Nasdaq under the symbols "HCAR" and "HCARW," respectively. Healthcare Services Acquisition Corporation is led by Chairman and CEO David T. Blair, a 25-year healthcare industry veteran and former Chairman and CEO of Catalyst Health Solutions, Inc., and a team of experienced executives with public company track records, deep industry roots, transaction and financing experience, and management and corporate transformation expertise. The company's management team includes Martin J. Payne, former senior executive at Catalyst and UnitedHealth Group, as President; Joshua B. Lynn, former Managing Director at Caspian Capital, as Chief Financial Officer; and Tao Tan, former Associate Partner at McKinsey & Company, as Chief Operating Officer. Healthcare is a huge sector of the U.S. economy that is projected to exceed $4.2 trillion of expenditures in 2021 according to the Centers for Medicare & Medicaid Services. The market is growing, but also highly fragmented, and rapidly consolidating. A handful of large healthcare players claim an outsized share of the market, creating attractive opportunities for middle-market players who can offer superior service, competitive costs, and national-scale capabilities. "We are both pleased and humbled by the reception we've received from investors, and look forward to bringing to the market a company that effectively tackles our nation's increasingly complex healthcare challenges, particularly around disparities in access and outcomes, while delivering exceptional returns for our shareholders," said David T. Blair, Chairman and CEO of Healthcare Services Acquisition Corporation. "In an industry that thrives on scale, a SPAC enables us to 'start at scale' and chart a path to transformative growth by combining the power of public markets with our extensive relationships and value creation playbook." "SPACs have had a banner year. But one differentiator continues to stand out: operator-led management teams who can conduct focused searches, lead high quality independent diligence and strategic business plan development, and who are committed to strong governance and long-term value creation," said Martin J. Payne, President of Healthcare Services Acquisition Corporation. Funds and accounts managed by BlackRock serve as Healthcare Services Acquisition Corporation's anchor investor, and purchased an aggregate of $24,480,000 of units in the offering. AllianceBernstein (AB) serves as Healthcare Services Acquisition Corporation's strategic partner. "AB is delighted to partner with Healthcare Services Acquisition Corporation on this transaction, our inaugural participation as a SPAC sponsor. We look forward to leveraging our research platform, private and public company expertise, and investor networks to collaborate with management in their search and diligence processes, as well as potentially participating in future financing opportunities in connection with their eventual business combination," said Ali Dibadj, Head of Finance and Strategy for AllianceBernstein. "We believe the SPAC process will remain an important component of the capital market landscape and hope to deliver strong results for our clients over the coming years with our participation in this and other innovative strategies." B. Riley Securities, Inc., a subsidiary of B. Riley Financial, Inc.,serves as the company's sole book-running manager. "This SPAC represents an attractive opportunity to invest in a top tier management team that is committed to creating value for the underserved middle-market healthcare industry. The overwhelming investor demand for this IPO speaks to the team's operational and investment acumen. With proven industry expertise, Healthcare Services Acquisition Corporation offers a unique investment opportunity in providing necessary liquidity and a public currency to address the challenges in healthcare. We are pleased to serve as underwriter on this transaction and look forward to continue working with the team on their ultimate business combination," said Jonathan Mitchell, Senior Managing Director and Head of SPAC Banking at B. Riley Securities. Ropes & Gray LLP is serving as issuer's counsel with Ellenoff Grossman & Schole LLP as underwriters' counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC serves as trustee. Healthcare Services Acquisition Corporation (NASDAQ: HCAR)is a special purpose acquisition company led by a team of investors, operators, and leaders in the healthcare space, seeking to partner with ambitious management who are constrained by capital availability, operational expertise, and national-scale capabilities.The company closed its upsized and oversubscribed IPO on December 28, 2020, with $331.2 million in trust. For more information, please visit www.healthcarespac.com. B. Riley Financial, Inc. ("B. Riley")provides collaborative financial services solutions tailored to fit the capital raising, business, operational, and financial advisory needs of its clients and partners. B. Riley Securities, Inc., a leading full-service investment bank and FINRA registered broker-dealer, is a wholly-owned subsidiary of B. Riley Financial. B. Rileyoperates through several subsidiaries which offer a diverse range of complementary end-to-end capabilities spanning investment banking and institutional brokerage, private wealth and investment management, corporate advisory, restructuring, due diligence, forensic accounting, litigation support, appraisal and valuation, and auction and liquidation services. Certain registered affiliates of B. Riley originate and underwrite senior secured loans for asset-rich companies. B. Riley also makes proprietary investments in companies and assets with attractive return profiles.For more information about B. Riley and its affiliated companies, please visit www.brileyfin.com. BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of September 30, 2020, the firm managed approximately $7.81 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com/corporate. AllianceBernsteinis a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets, with assets under management of $631 billion as of September 30, 2020. As of September 30, 2020, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 35.5% of AllianceBernstein and Equitable Holdings, Inc., directly and through various subsidiaries, owned an approximate 65.3% economic interest in AllianceBernstein. Additional information about AB may be found on our website, www.alliancebernstein.com. Media contact: Jackie Tilden +1 (214) 914-7652 [emailprotected] SOURCE Healthcare Services Acquisition Corporation Related Links http://www.healthcarespac.com
|
edtsum4290
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DUBLIN--(BUSINESS WIRE)--The "Investment Performance Measurement, Attribution & Risk" training has been added to ResearchAndMarkets.com's offering. The host offers a unique opportunity to complete this programme online via a virtual class which will be delivered over 3 x 4.5-hour sessions on 8, 9, 10 June, starting at 9.30 a.m UK time. The course is delivered by a senior expert with over 20 years of international experience. We cover the same material as during our course in London but you will benefit from an attractive price and additional savings on travel and, if you are based outside of the EU - also the VAT charge. On completion, you will receive a comprehensive set of course materials and a course certificate. This is a comprehensive, hands-on business introduction to the concepts and application of Investment Performance Reporting, Equity Attribution, and Ex-Post Risk. Although it includes brief coverage of Fixed Interest Attribution, Multi-Currency Attribution, and Ex-Ante Risk each of these more complex applications is given separate, dedicated one-day coverage in other workshops. The workshop includes numerous case studies which work from raw data. It also includes coverage of the data management implications of Performance and Attribution implementations. By attending this workshop you will gain an understanding of Performance, Attribution, and Risk to allow to follow through from Portfolio Valuation to Performance Report. In addition you will be able to take the applications forward to 'get to the next stage' performance analysis, client reporting and user problem-solving. Investment Performance, Attribution, and Risk are complex topics. Each includes concepts distinct from, for example, Investment Reporting, Accounting or Fund Pricing. Accordingly, a simple spreadsheet with guide is made available for prospective attendees pre-workshop to attempt and gain initial familiarity with key concepts. What will you learn Main topics covered during this training For more information about this training visit https://www.researchandmarkets.com/r/7heu83
Answer:
|
Three Day Investment Performance Measurement, Attribution & Risk Course: June 8th-10th, 2021 - ResearchAndMarkets.com
|
DUBLIN--(BUSINESS WIRE)--The "Investment Performance Measurement, Attribution & Risk" training has been added to ResearchAndMarkets.com's offering. The host offers a unique opportunity to complete this programme online via a virtual class which will be delivered over 3 x 4.5-hour sessions on 8, 9, 10 June, starting at 9.30 a.m UK time. The course is delivered by a senior expert with over 20 years of international experience. We cover the same material as during our course in London but you will benefit from an attractive price and additional savings on travel and, if you are based outside of the EU - also the VAT charge. On completion, you will receive a comprehensive set of course materials and a course certificate. This is a comprehensive, hands-on business introduction to the concepts and application of Investment Performance Reporting, Equity Attribution, and Ex-Post Risk. Although it includes brief coverage of Fixed Interest Attribution, Multi-Currency Attribution, and Ex-Ante Risk each of these more complex applications is given separate, dedicated one-day coverage in other workshops. The workshop includes numerous case studies which work from raw data. It also includes coverage of the data management implications of Performance and Attribution implementations. By attending this workshop you will gain an understanding of Performance, Attribution, and Risk to allow to follow through from Portfolio Valuation to Performance Report. In addition you will be able to take the applications forward to 'get to the next stage' performance analysis, client reporting and user problem-solving. Investment Performance, Attribution, and Risk are complex topics. Each includes concepts distinct from, for example, Investment Reporting, Accounting or Fund Pricing. Accordingly, a simple spreadsheet with guide is made available for prospective attendees pre-workshop to attempt and gain initial familiarity with key concepts. What will you learn Main topics covered during this training For more information about this training visit https://www.researchandmarkets.com/r/7heu83
|
edtsum4311
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BOSTON--(BUSINESS WIRE)--Find all the top Sonos Beam deals for Cyber Monday, together with smart speaker, soundbar & more Sonos sales. Links to the top deals are listed below. Best Sonos Beam Deals: Best Sonos Deals: Want some more deals? Click here to see the full range of active deals at Walmarts Cyber Monday sale and click here to see Amazons latest Cyber Monday deals. Spending Lab earns commissions from purchases made using the links provided. About Spending Lab: Spending Lab research and report on online sales events. As an Amazon Associate and affiliate Spending Lab earns from qualifying purchases.
Answer:
|
Sonos Beam Cyber Monday Deals (2020) Compared by Spending Lab Save on Sonos Beam deals at the Cyber Monday sale, together with the top Sonos soundbar & speaker discounts
|
BOSTON--(BUSINESS WIRE)--Find all the top Sonos Beam deals for Cyber Monday, together with smart speaker, soundbar & more Sonos sales. Links to the top deals are listed below. Best Sonos Beam Deals: Best Sonos Deals: Want some more deals? Click here to see the full range of active deals at Walmarts Cyber Monday sale and click here to see Amazons latest Cyber Monday deals. Spending Lab earns commissions from purchases made using the links provided. About Spending Lab: Spending Lab research and report on online sales events. As an Amazon Associate and affiliate Spending Lab earns from qualifying purchases.
|
edtsum4314
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: WASHINGTON, Jan. 22, 2021 /PRNewswire/ --PACEM Solutions International and PACEM Defense LLC, are proud to announce the appointment of Andrew Knaggs to Chief Executive Officer, effective immediately. Mr. Knaggs has been the company's Chief Operating Officer since 2020 and succeeds Cory Mills who will continue as Executive Chairman of the Board of Directors and will play an integral role in the company's long-term strategy. In congratulating Mr. Knaggs, Mr. Mills stated, "Andrew is an exceptional leader with a keen understanding of our customers, our offerings, and the geopolitical environment that we operate in. There is no one better suited to lead PACEM's continued growth." Mr. Knaggs commented, "I am honored to assume this new role as CEO. PACEM is truly exceptional and our prospects for the future are incredible. I look forward to working with the Board and our executive leadership to continue providing the highest quality products and services while also building upon our strengths to capitalize on growth opportunities." Mr. Knaggs has led a diverse career with a broad range of executive leadership experiences. He has been a candidate for U.S. Congress, a Deputy Assistant Secretary of Defense, the founder of a Washington, D.C.-based corporate law firm, a decorated combat veteran, and a U.S. Army Special Forces officer. He is also currently an adjunct professor at George Washington University Law School and a member of the advisory board of Evolution Metals Corporation. Mr. Knaggs earned a Bachelor of Science in Civil Engineering from the United States Military Academy at West Point and a Juris Doctor degree from William & Mary Law School. He is a member of the District of Columbia Bar. About PACEM PACEM Solutions International and PACEM Defense LLC are headquartered in Falls Church, Virginia. PACEM Solutions offers cutting-edge approaches to consultancy, training, and risk management. PACEM Solutions' state-of-the-art training and range complex in Perry, Florida features a 2,000-meter sniper range, Close Quarters Battle shoothouse, pistol/rifle ranges, 600-meter demolition range, breaching door courses, one-mile obstacle course, and bunkhouse for up to 52 students. PACEM Defense manufactures state-of-the-art munitions, including less-lethal munitions through its subsidiary ALS, Inc. Our highly qualified munitions/ballistics/chemical experts, specialized engineering, and substantial financial resources ensure that we produce and deliver the highest quality, most reliable products, on time to our clients globally. We maintain all Department of Defense; Department of State; and Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) compliance/licensing. PACEM Solutions is registered with the State Department's Directorate of Defense Trade Control (DDTC) as a broker; PACEM Defense is registered as both a manufacturer and exporter. Contact Person: Cory Mills Company Names: PACEM Solutions International & PACEM Defense LLC Telephone Number:571-385-0299 Email Address: [emailprotected]Web site addresses: www.pacem-solutions.com; www.pacem-defense.com SOURCE PACEM Solutions International LLC Related Links pacem-solutions.com
Answer:
|
PACEM Solutions International Promotes Andrew Knaggs To Chief Executive Officer
|
WASHINGTON, Jan. 22, 2021 /PRNewswire/ --PACEM Solutions International and PACEM Defense LLC, are proud to announce the appointment of Andrew Knaggs to Chief Executive Officer, effective immediately. Mr. Knaggs has been the company's Chief Operating Officer since 2020 and succeeds Cory Mills who will continue as Executive Chairman of the Board of Directors and will play an integral role in the company's long-term strategy. In congratulating Mr. Knaggs, Mr. Mills stated, "Andrew is an exceptional leader with a keen understanding of our customers, our offerings, and the geopolitical environment that we operate in. There is no one better suited to lead PACEM's continued growth." Mr. Knaggs commented, "I am honored to assume this new role as CEO. PACEM is truly exceptional and our prospects for the future are incredible. I look forward to working with the Board and our executive leadership to continue providing the highest quality products and services while also building upon our strengths to capitalize on growth opportunities." Mr. Knaggs has led a diverse career with a broad range of executive leadership experiences. He has been a candidate for U.S. Congress, a Deputy Assistant Secretary of Defense, the founder of a Washington, D.C.-based corporate law firm, a decorated combat veteran, and a U.S. Army Special Forces officer. He is also currently an adjunct professor at George Washington University Law School and a member of the advisory board of Evolution Metals Corporation. Mr. Knaggs earned a Bachelor of Science in Civil Engineering from the United States Military Academy at West Point and a Juris Doctor degree from William & Mary Law School. He is a member of the District of Columbia Bar. About PACEM PACEM Solutions International and PACEM Defense LLC are headquartered in Falls Church, Virginia. PACEM Solutions offers cutting-edge approaches to consultancy, training, and risk management. PACEM Solutions' state-of-the-art training and range complex in Perry, Florida features a 2,000-meter sniper range, Close Quarters Battle shoothouse, pistol/rifle ranges, 600-meter demolition range, breaching door courses, one-mile obstacle course, and bunkhouse for up to 52 students. PACEM Defense manufactures state-of-the-art munitions, including less-lethal munitions through its subsidiary ALS, Inc. Our highly qualified munitions/ballistics/chemical experts, specialized engineering, and substantial financial resources ensure that we produce and deliver the highest quality, most reliable products, on time to our clients globally. We maintain all Department of Defense; Department of State; and Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) compliance/licensing. PACEM Solutions is registered with the State Department's Directorate of Defense Trade Control (DDTC) as a broker; PACEM Defense is registered as both a manufacturer and exporter. Contact Person: Cory Mills Company Names: PACEM Solutions International & PACEM Defense LLC Telephone Number:571-385-0299 Email Address: [emailprotected]Web site addresses: www.pacem-solutions.com; www.pacem-defense.com SOURCE PACEM Solutions International LLC Related Links pacem-solutions.com
|
edtsum4318
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BOSTON, Aug. 11, 2020 /PRNewswire/ -- Legacy(YC S'19), the premier fatherhood and male fertility company announced a new partnership with Veterans Advantage, PBC, to offer its at-home sperm testing and storage platform at a discount to all military service members (past and present) and their families. The partnership will feature an exclusive discount program in which Active Duty service members and retirees, veterans and family members enrolled in the Veterans Advantage VetRewards program receive a 25% discount on Legacy's core product offering. "We're excited to partner with Veterans Advantage tocreate this new benefit," said Khaled Kteily, CEO of Legacy. "The conventional view around fertility as a female issue is outdated and wrong. We believe Legacy's product offering will advance the conversation and enable a whole-family approach to fertility issues, especially as couples are starting families later in life." "Giving this benefit is a 'A Real Thank You,' and helps many of our nation's veterans to protect their opportunity for future parenthood," Kteily added. "Our partnership with Legacy supports our mission to enhance the lifestyle of those who served," said Scott Higgins, co-founder and co-CEO. "We're thrilled innovative companies like Legacy want to honor those who served, and we're proud to make this benefit available for our members." Legacy's commitment to military service members is inspired, in large part, by Secretary Ash Carter's "Force of the Future Program" which recognized the importance of enhanced fertility benefits, to include sperm and egg freezing. The Legacy team, which includes John Crowley as Head of Military Affairs, is committed to ensuring that DNA cryopreservation is made available to every deploying service member. ABOUT VETERANS ADVANTAGE, PBC Veterans Advantage, PBC, a registered public benefit corporation, is a military marketing, media, and technology company with a socially-responsible mission of delivering greater respect, recognition, and rewards to those who serve our country. Co-founded in 1999 by Scott Higgins, a Vietnam War Veteran, and Lin Higgins, the proud daughter of a U.S. Marine who served in World War II, Veterans Advantage provides a platform for companies to create and promote exclusive military offers for their customers who are active-duty military, veterans, and their families enrolled in Veterans Advantage. The Veterans Advantage team is passionate about advocating for the creation of new, exclusive military benefits for its members and subscribers to VetRewards, its premium benefit plans, redeemed with the VetRewards Card ID. The company works with its Fortune 500 partner coalition of travel industry leaders, top national retailers, and major service providers offering technology to seamlessly verify their customers as eligible for military discounts and protect their military offers from fraud and dilution while delivering A Real Thank You to the men and women who have given so much to protect our freedoms. ABOUT GIVE LEGACY, INC. Give Legacy, Inc. is the premier fatherhood company working towards rebalancing the responsibility of family planning by providing at-home sperm testing and storage solutions. Founded in 2018 by Khaled Kteily out of the Harvard Innovation Labs, Legacy is a Y-Combinator and Bain Capital Ventures backed biotech startup. Since winning TechCrunch Disrupt Berlin 2018, Legacy has been featured in the New York Times, Washington Post, and Forbes. The Legacy team is a Harvard-back group of men and women who understand fatherhoodand how much it matters. The team brings international experience in male fertility, health care policy, and business with a world-class advisory board. SOURCE Legacy Related Links http://www.givelegacy.com
Answer:
|
Legacy Partners With Veterans Advantage to Extend Fertility Benefits to Active Duty Service Members and Veterans Veterans Advantage Will Feature Legacy in its Flagship Military Discounts Marketplace With Exclusive Discounts
|
BOSTON, Aug. 11, 2020 /PRNewswire/ -- Legacy(YC S'19), the premier fatherhood and male fertility company announced a new partnership with Veterans Advantage, PBC, to offer its at-home sperm testing and storage platform at a discount to all military service members (past and present) and their families. The partnership will feature an exclusive discount program in which Active Duty service members and retirees, veterans and family members enrolled in the Veterans Advantage VetRewards program receive a 25% discount on Legacy's core product offering. "We're excited to partner with Veterans Advantage tocreate this new benefit," said Khaled Kteily, CEO of Legacy. "The conventional view around fertility as a female issue is outdated and wrong. We believe Legacy's product offering will advance the conversation and enable a whole-family approach to fertility issues, especially as couples are starting families later in life." "Giving this benefit is a 'A Real Thank You,' and helps many of our nation's veterans to protect their opportunity for future parenthood," Kteily added. "Our partnership with Legacy supports our mission to enhance the lifestyle of those who served," said Scott Higgins, co-founder and co-CEO. "We're thrilled innovative companies like Legacy want to honor those who served, and we're proud to make this benefit available for our members." Legacy's commitment to military service members is inspired, in large part, by Secretary Ash Carter's "Force of the Future Program" which recognized the importance of enhanced fertility benefits, to include sperm and egg freezing. The Legacy team, which includes John Crowley as Head of Military Affairs, is committed to ensuring that DNA cryopreservation is made available to every deploying service member. ABOUT VETERANS ADVANTAGE, PBC Veterans Advantage, PBC, a registered public benefit corporation, is a military marketing, media, and technology company with a socially-responsible mission of delivering greater respect, recognition, and rewards to those who serve our country. Co-founded in 1999 by Scott Higgins, a Vietnam War Veteran, and Lin Higgins, the proud daughter of a U.S. Marine who served in World War II, Veterans Advantage provides a platform for companies to create and promote exclusive military offers for their customers who are active-duty military, veterans, and their families enrolled in Veterans Advantage. The Veterans Advantage team is passionate about advocating for the creation of new, exclusive military benefits for its members and subscribers to VetRewards, its premium benefit plans, redeemed with the VetRewards Card ID. The company works with its Fortune 500 partner coalition of travel industry leaders, top national retailers, and major service providers offering technology to seamlessly verify their customers as eligible for military discounts and protect their military offers from fraud and dilution while delivering A Real Thank You to the men and women who have given so much to protect our freedoms. ABOUT GIVE LEGACY, INC. Give Legacy, Inc. is the premier fatherhood company working towards rebalancing the responsibility of family planning by providing at-home sperm testing and storage solutions. Founded in 2018 by Khaled Kteily out of the Harvard Innovation Labs, Legacy is a Y-Combinator and Bain Capital Ventures backed biotech startup. Since winning TechCrunch Disrupt Berlin 2018, Legacy has been featured in the New York Times, Washington Post, and Forbes. The Legacy team is a Harvard-back group of men and women who understand fatherhoodand how much it matters. The team brings international experience in male fertility, health care policy, and business with a world-class advisory board. SOURCE Legacy Related Links http://www.givelegacy.com
|
edtsum4324
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: TORONTO, Oct. 5, 2020 /PRNewswire/ -- As the COVID pandemic continues to wreak havoc on world economies, the lack of face to face customer contact is destroying small business revenue generators such as yoga lessons, gym classes, and technical training sessions. As a direct result, tens of thousands of small businesses have been forced to shut their doors permanently. Servv, a Toronto based start-up has developed a revolutionary new application that will allow small to medium enterprises to easily re-engage their customers in digital face to face communication to help revive their business during COVID-19 and prepare for the post COVID-19 world. Servv provides a one-click easy to use integration of two widely deployed platforms, Shopify and Zoom. Shopify supports over one million businesses worldwide and Zoom is taking the world by storm. With this easy to use integration, business owners can post upcoming training sessions online allowing customers to easily sign up and pay. The billing is processed through Shopify and email notifications are sent to customers confirming the enrollment. The video sessions can even be recorded and offered online at a later date to add incremental revenue with no incremental cost. Harmeek Jhutty, founder and CEO of Servv notes "We are already experiencing more downloads from the Shopify App Store than we had originally planned, so the application is being well received. We are currently working with three potential lead customers to establish our Customer Advisory Council and plan to have a total of 5 lead customers shortly. While we are not the only game in town, we believe that we are by far the easiest to use and our one-click integration is drawing quite a bit of attention. Our customers are taking an innovative approach to rebuilding their business using Servv (https://servv.ai/) rather than letting COVID-19 destroy the business that they have worked so hard to build". As John Stackhouse, Senior Vice President at the Royal Bank of Canada notes "We're emerging from this crisis with an even greater desire to harness smart technologies to transform pretty much everything we do. COVID did not crush the future. It merely brought it forward. People will want more options to engage with art, music and culture online after COVID" Downloads of Servv are currently available for no charge trials on the company web site (https://servv.ai/) About Servv Founded in 2020, Servv is headquartered in Toronto, Ontario, Canada. Servv provides an easy to use integration between Shopify and Zoom allowing Small to Medium Enterprises to establish digital face to face communication supporting revenue generating events such as yoga and gym classes as well as training sessions. For more info, visit: (https://servv.ai/) About Shopify Shopify is a leading global commerce company, providing trusted tools to start, grow, market, and manage a retail business of any size. Shopify makes commerce better for everyone with a platform and services that are engineered for reliability, while delivering a better shopping experience for consumers everywhere. Headquartered in Ottawa, Canada, Shopify powers over one million businesses in more than 175 countries and is trusted by brands such as Allbirds, Gymshark, Heinz, Staples and many more. Media Contact: Hansen Downer 613.799.3440 [emailprotected] SOURCE Servv Related Links https://servv.ai
Answer:
|
Revive Your Business During COVID-19 While Preparing for the Future
|
TORONTO, Oct. 5, 2020 /PRNewswire/ -- As the COVID pandemic continues to wreak havoc on world economies, the lack of face to face customer contact is destroying small business revenue generators such as yoga lessons, gym classes, and technical training sessions. As a direct result, tens of thousands of small businesses have been forced to shut their doors permanently. Servv, a Toronto based start-up has developed a revolutionary new application that will allow small to medium enterprises to easily re-engage their customers in digital face to face communication to help revive their business during COVID-19 and prepare for the post COVID-19 world. Servv provides a one-click easy to use integration of two widely deployed platforms, Shopify and Zoom. Shopify supports over one million businesses worldwide and Zoom is taking the world by storm. With this easy to use integration, business owners can post upcoming training sessions online allowing customers to easily sign up and pay. The billing is processed through Shopify and email notifications are sent to customers confirming the enrollment. The video sessions can even be recorded and offered online at a later date to add incremental revenue with no incremental cost. Harmeek Jhutty, founder and CEO of Servv notes "We are already experiencing more downloads from the Shopify App Store than we had originally planned, so the application is being well received. We are currently working with three potential lead customers to establish our Customer Advisory Council and plan to have a total of 5 lead customers shortly. While we are not the only game in town, we believe that we are by far the easiest to use and our one-click integration is drawing quite a bit of attention. Our customers are taking an innovative approach to rebuilding their business using Servv (https://servv.ai/) rather than letting COVID-19 destroy the business that they have worked so hard to build". As John Stackhouse, Senior Vice President at the Royal Bank of Canada notes "We're emerging from this crisis with an even greater desire to harness smart technologies to transform pretty much everything we do. COVID did not crush the future. It merely brought it forward. People will want more options to engage with art, music and culture online after COVID" Downloads of Servv are currently available for no charge trials on the company web site (https://servv.ai/) About Servv Founded in 2020, Servv is headquartered in Toronto, Ontario, Canada. Servv provides an easy to use integration between Shopify and Zoom allowing Small to Medium Enterprises to establish digital face to face communication supporting revenue generating events such as yoga and gym classes as well as training sessions. For more info, visit: (https://servv.ai/) About Shopify Shopify is a leading global commerce company, providing trusted tools to start, grow, market, and manage a retail business of any size. Shopify makes commerce better for everyone with a platform and services that are engineered for reliability, while delivering a better shopping experience for consumers everywhere. Headquartered in Ottawa, Canada, Shopify powers over one million businesses in more than 175 countries and is trusted by brands such as Allbirds, Gymshark, Heinz, Staples and many more. Media Contact: Hansen Downer 613.799.3440 [emailprotected] SOURCE Servv Related Links https://servv.ai
|
edtsum4329
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: FRANKFURT, Germany--(BUSINESS WIRE)--MV Index Solutions GmbH (MVIS) in partnership with CryptoCompare, the global leader in digital asset data, today announced the launch of the MVIS CryptoCompare Ethereum VWAP Close Index (ticker: MVETHV). The MVIS CryptoCompare Ethereum VWAP Close Index (ticker: MVETHV) is an index designed to measure the performance of a digital assets portfolio which invests in Ethereum, with a closing value based on an hourly VWAP price. "We are pleased to launch one more index with our partner CryptoCompare," said Thomas Kettner, COO at MVIS. "The MVETHV is a complement to our successful MVBTCV Index." "We are delighted to launch the MVIS CryptoCompare Ethereum VWAP Close Index as investors interest moves swiftly towards digital assets, providing them with a robust and transparent benchmark to measure the performance of their Ethereum-based portfolios," said Quynh Tran-Thanh, Chief Product Officer of CryptoCompare. The MVIS CryptoCompare Ethereum VWAP Close Index (ticker: MVETHV) is a rules-based index which covers the broadest aggregate pricing for indices calculated by CryptoCompare. Detailed information about the Indices, including methodology details and index data, are available on the MV Index Solutions website. Key Index Features MVIS CryptoCompare Ethereum VWAP Close Index Number of Components: 1 Base Date: 12/31/2015 Base Value: 100 Note to Editors: About MV Index Solutions - www.mvis-indices.com MV Index Solutions (MVIS) develops, monitors and licenses the MVIS Indices, a selection of focused, investable and diversified benchmark indices. The indices are especially designed to underlie financial products. MVIS Indices cover several asset classes, including equity, fixed income markets and digital assets and are licensed to serve as underlying indices for financial products. Approximately USD 23.86 billion in assets under management (as of 12 January 2021) are currently invested in financial products based on MVIS/BlueStar Indices. MVIS is a VanEck company. About CryptoCompare - https://data.cryptocompare.com CryptoCompare is the global leader in digital asset data. Institutional and retail investors rely on the company for real-time, high-quality data spanning 4,500+ coins and 200,000+ currency pairs. By aggregating and analysing tick data from globally recognised exchanges and seamlessly integrating multiple datasets, CryptoCompare provides a comprehensive, granular overview of the market across trade, order book, historical, social and blockchain data.
Answer:
|
MVIS and CryptoCompare Launch the MVIS CryptoCompare Ethereum VWAP Close Index Designed to measure the performance of a digital assets portfolio
|
FRANKFURT, Germany--(BUSINESS WIRE)--MV Index Solutions GmbH (MVIS) in partnership with CryptoCompare, the global leader in digital asset data, today announced the launch of the MVIS CryptoCompare Ethereum VWAP Close Index (ticker: MVETHV). The MVIS CryptoCompare Ethereum VWAP Close Index (ticker: MVETHV) is an index designed to measure the performance of a digital assets portfolio which invests in Ethereum, with a closing value based on an hourly VWAP price. "We are pleased to launch one more index with our partner CryptoCompare," said Thomas Kettner, COO at MVIS. "The MVETHV is a complement to our successful MVBTCV Index." "We are delighted to launch the MVIS CryptoCompare Ethereum VWAP Close Index as investors interest moves swiftly towards digital assets, providing them with a robust and transparent benchmark to measure the performance of their Ethereum-based portfolios," said Quynh Tran-Thanh, Chief Product Officer of CryptoCompare. The MVIS CryptoCompare Ethereum VWAP Close Index (ticker: MVETHV) is a rules-based index which covers the broadest aggregate pricing for indices calculated by CryptoCompare. Detailed information about the Indices, including methodology details and index data, are available on the MV Index Solutions website. Key Index Features MVIS CryptoCompare Ethereum VWAP Close Index Number of Components: 1 Base Date: 12/31/2015 Base Value: 100 Note to Editors: About MV Index Solutions - www.mvis-indices.com MV Index Solutions (MVIS) develops, monitors and licenses the MVIS Indices, a selection of focused, investable and diversified benchmark indices. The indices are especially designed to underlie financial products. MVIS Indices cover several asset classes, including equity, fixed income markets and digital assets and are licensed to serve as underlying indices for financial products. Approximately USD 23.86 billion in assets under management (as of 12 January 2021) are currently invested in financial products based on MVIS/BlueStar Indices. MVIS is a VanEck company. About CryptoCompare - https://data.cryptocompare.com CryptoCompare is the global leader in digital asset data. Institutional and retail investors rely on the company for real-time, high-quality data spanning 4,500+ coins and 200,000+ currency pairs. By aggregating and analysing tick data from globally recognised exchanges and seamlessly integrating multiple datasets, CryptoCompare provides a comprehensive, granular overview of the market across trade, order book, historical, social and blockchain data.
|
edtsum4335
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: WALLULA, Wash., April 22, 2020 /PRNewswire/ --Even before any workers at the union-represented Lamb Weston French Fry plant in Pasco, Wash. were diagnosed with COVID-19, the union representing over 550 workers at the plant insisted that management take steps to protect workers from the deadly virus. When a worker at the plant was eventually diagnosed with COVID-19 in late March, the plant was immediately closed and the workers were sent home with pay for two weeks as the plant was disinfected. After that even more measures were taken by management and the union to protect workers. Just 15 miles down the road in Wallula, Wash., workers at the nonunion Tyson Foods beef processing plant might as well be living in a different world. That plant has had a COVID-19 outbreak which has reached at least 99 confirmed cases as of this writing but has continued to operate near full capacity. The contrast between these two plants lays bare the struggle that nonunion workers have faced in advocating for their safety when company profits are on the line. The message they've been forced to take home over and over again? "You don't matter." Worker safety was at the top of the list of priorities for Local 839 even before the COVID-19 pandemic first touched workers at the Lamb Weston facility. When the threat of this new virus was first identified, social distancing measures were put in place, portable cafeterias were set up, and the Lamb Weston attendance policy was modified so that workers wouldn't be penalized for staying home if they or a loved one was having symptoms. Additional measures were also taken, all of which included the voices and ideas of the actual workers who would be affected by them. Once the virus struck the facility directly, Teamsters made sure that workers were paid during the two weeks that the plant was closed for disinfecting; since then workers have been provided with personal protective equipment. Nurses have been on site taking temperatures and interviewing workers to assess their risk of exposure to COVID-19. "Would they be taking care of us like this if we didn't have a strong union presence here? I can't say for sure, but from what's going on at the nonunion plants around here, I guess not," said Lamb Weston worker and Local 839 Shop Steward Patricia Gilmore. "The nonunion plants are too focused on profits, so they aren't interested in spending the money it costs to take care of their workers properly. That's why we're thankful to be Teamsters here." The situation at the nonunion Tyson Food plant seems to confirm Gilmore's view. As the number of infections at the Tyson Fresh Foods plant in Wallula continue to creep upwards, a petition has circulated with more than 3,000 signatures calling for the plant to be closed for 14 days to allow workers to self-quarantine before they resume operations. In the face of this increasing pressure from the community to do something to address the outbreak, Tyson has finally announced that it will temporarily close the plant to assess the situation and test all of the workers. "The situation at the nonunion Tyson plant is the absolute epitome of what we mean when we use the phrase 'corporate greed,'" said Local 839 Secretary-Treasurer Russell Shjerven. "You have close to ten percent of your workforce testing positive for COVID-19 but it takes a community petition with over 3,000 signatures before you'll take any real action about it? Unacceptable." The contrast between workers' experiences at unionized Lamb Weston and nonunion Tyson Foods are symptomatic of a larger problem that has been exposed by this crisis: without a union to make their employer do the right thing, many workers in essential industries in Washington are stuck relying on the goodwill of their bosses to keep them safe. Many are finding that goodwill to be in extremely short supply. "What we want is for workers to be safe that's what the labor movement has been fighting for for over 100 years," said Shjerven. "Tyson isn't doing nearly enough to keep their workers safe, just like we're seeing at Amazon, where they're doing the absolute bare minimum to get the government off their back. It's a disgrace that nonunion workers are treated this way, and we hope that people are taking home a lesson here about how much their bosses care about them: they only care about you as much as they can profit off your labor." Chartered in 1950, Teamsters Local Union No. 839 represents over 2,100 hard-working people in Southeastern Washington and Northeastern Oregon. Contact: Russell Shjerven, (509) 628-6071[emailprotected] SOURCE Teamsters Local 839
Answer:
|
Teamsters Local 839: COVID-19 Outbreak At Tyson Meat Plant Near Tri-Cities Exposes Risks To Nonunion Workers Pandemic Puts Nonunion Workers at Far Greater Risk Than Unionized Counterparts
|
WALLULA, Wash., April 22, 2020 /PRNewswire/ --Even before any workers at the union-represented Lamb Weston French Fry plant in Pasco, Wash. were diagnosed with COVID-19, the union representing over 550 workers at the plant insisted that management take steps to protect workers from the deadly virus. When a worker at the plant was eventually diagnosed with COVID-19 in late March, the plant was immediately closed and the workers were sent home with pay for two weeks as the plant was disinfected. After that even more measures were taken by management and the union to protect workers. Just 15 miles down the road in Wallula, Wash., workers at the nonunion Tyson Foods beef processing plant might as well be living in a different world. That plant has had a COVID-19 outbreak which has reached at least 99 confirmed cases as of this writing but has continued to operate near full capacity. The contrast between these two plants lays bare the struggle that nonunion workers have faced in advocating for their safety when company profits are on the line. The message they've been forced to take home over and over again? "You don't matter." Worker safety was at the top of the list of priorities for Local 839 even before the COVID-19 pandemic first touched workers at the Lamb Weston facility. When the threat of this new virus was first identified, social distancing measures were put in place, portable cafeterias were set up, and the Lamb Weston attendance policy was modified so that workers wouldn't be penalized for staying home if they or a loved one was having symptoms. Additional measures were also taken, all of which included the voices and ideas of the actual workers who would be affected by them. Once the virus struck the facility directly, Teamsters made sure that workers were paid during the two weeks that the plant was closed for disinfecting; since then workers have been provided with personal protective equipment. Nurses have been on site taking temperatures and interviewing workers to assess their risk of exposure to COVID-19. "Would they be taking care of us like this if we didn't have a strong union presence here? I can't say for sure, but from what's going on at the nonunion plants around here, I guess not," said Lamb Weston worker and Local 839 Shop Steward Patricia Gilmore. "The nonunion plants are too focused on profits, so they aren't interested in spending the money it costs to take care of their workers properly. That's why we're thankful to be Teamsters here." The situation at the nonunion Tyson Food plant seems to confirm Gilmore's view. As the number of infections at the Tyson Fresh Foods plant in Wallula continue to creep upwards, a petition has circulated with more than 3,000 signatures calling for the plant to be closed for 14 days to allow workers to self-quarantine before they resume operations. In the face of this increasing pressure from the community to do something to address the outbreak, Tyson has finally announced that it will temporarily close the plant to assess the situation and test all of the workers. "The situation at the nonunion Tyson plant is the absolute epitome of what we mean when we use the phrase 'corporate greed,'" said Local 839 Secretary-Treasurer Russell Shjerven. "You have close to ten percent of your workforce testing positive for COVID-19 but it takes a community petition with over 3,000 signatures before you'll take any real action about it? Unacceptable." The contrast between workers' experiences at unionized Lamb Weston and nonunion Tyson Foods are symptomatic of a larger problem that has been exposed by this crisis: without a union to make their employer do the right thing, many workers in essential industries in Washington are stuck relying on the goodwill of their bosses to keep them safe. Many are finding that goodwill to be in extremely short supply. "What we want is for workers to be safe that's what the labor movement has been fighting for for over 100 years," said Shjerven. "Tyson isn't doing nearly enough to keep their workers safe, just like we're seeing at Amazon, where they're doing the absolute bare minimum to get the government off their back. It's a disgrace that nonunion workers are treated this way, and we hope that people are taking home a lesson here about how much their bosses care about them: they only care about you as much as they can profit off your labor." Chartered in 1950, Teamsters Local Union No. 839 represents over 2,100 hard-working people in Southeastern Washington and Northeastern Oregon. Contact: Russell Shjerven, (509) 628-6071[emailprotected] SOURCE Teamsters Local 839
|
edtsum4340
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: HACKENSACK, N.J., Oct. 15, 2020 /PRNewswire/ --A patient with end-stage and rapidly progressing soft-tissue cancer whose tumor did not respond to standard treatment, had a "rapid and complete response" to a novel combination of immunotherapy, according to new research published by a team of scientists from John Theurer Cancer Center at Hackensack University Medical Center and the Georgetown Lombardi Comprehensive Cancer Center, both of whom are part of the Georgetown Lombardi Comprehensive Cancer Center Consortium. (PRNewsfoto/John Theurer Cancer Center...) The immunotherapies targeting the immune checkpoints T-lymphocyte-associated protein 4 (CTLA-4) and programmed cell death protein 1 (PD-1) were administered to a 19-year-old patient with stage 4 epithelioid sarcoma. The patient, whose tumor responded within two weeks after receiving the combination, resumed normal activity and was in a complete remission at the time of the report. The single case was reported online August 18, 2020 in the Journal of Immunotherapy(with the patient's consent). "Epithelioid sarcoma is a rare cancer, and the outcome was not expected to be so positive," said Andrew Pecora, M.D., F.A.C.P., C.P.E., the division chief of skin cancer and sarcoma services at John Theurer Cancer Center. "The breakthrough in this patient's care was the result of the close collaboration between clinician scientist of the Consortium to elucidate the underlying mechanisms that suggested potential sensitivity to the checkpoint inhibitors." "The teamwork in this case, which involved experts from our Consortium, turned things around for this patient," said Louis M. Weiner, M.D., director, Georgetown Lombardi Comprehensive Cancer Center and the MedStar Georgetown Cancer Institute. "The team will follow the patient closely in hopes that we can continue to keep the cancer at bay."The patient was first diagnosed with the soft-tissue sarcoma along the spine in 2017, as a 17 year old. Chemotherapy, radiation and standard of care drugs, were administered, and surgery was performed to achieve partial response. The patient was admitted to the hospital in April 2019 in severe pain and his cancer had progressed to stage 4. Most cases of epithelioid sarcoma show an inactivation of a protein-coding gene known as SMARCB1. That inactivation leads to the suppression of INI1, a gene that codes for a tumor-suppressing protein, effectively causing a biological chain reaction that promotes tumor growth. The doctors at John Theurer Cancer Center, working as a team with Georgetown's experts, obtained a compassionate use authorization to try two checkpoint inhibitors, ipilimumab (anti-CTLA4) and nivolumab (anti-PD1) in May 2019. By October, the patient was in complete remission. As of his last visit in June 2020, he has resumed normal activities and normal physical examination and is essentially asymptomatic. According to the report, the patient's tumor was reliant on the lack of INI1. But the checkpoint inhibitors apparently unmasked the immune system, making the cancer cells susceptible to the body's natural defenses again. The researchers write that more about the dramatic reversal of the patient's cancer needs to be further investigated, particularly what effect the chemotherapy before and after the checkpoint inhibitors may have had. "Immune checkpoint inhibitors are finding a way to effect previously impossible outcomes and we are trying to learn about the precise indicators that suggest clinical utility of the checkpoint inhibitors," said senior author Jeffrey Toretsky,M.D., a professor of oncology and pediatrics at Georgetown Lombardi and chief of MedStar Georgetown University Hospital's Division of Pediatric Hematology/Oncology. "This patient opens a window for this exploration. We're proud to be able to successfully treat patients in this way.""We are eager to see what our science can do for our sickest patients," said Andre Goy, M.D., M.S., physician-in-chief of Oncology, Hackensack MeridianHealth. "It seems like almost anything is becoming possible."In addition to Dr. Pecora and Dr. Toretsky, authors of the report include Steven Halpern, M.D.; Melinda Weber, DNP, RN, APN, AOCN; Elli G. Paleoudis, MS, Ph.D.; David Panush, M.D.; and Francis Patterson, M.D. All authors have declared that there are no financial conflicts of interest with regard to this work. AboutHackensackMeridian HealthHackensack Meridian Health is a leading not-for-profit health care organization that is the largest, most comprehensive and truly integrated health care network in New Jersey, offering a complete range of medical services, innovative research and life-enhancing care. Hackensack Meridian Health comprises 17 hospitals from Bergen to Ocean counties, which includes three academic medical centers Hackensack University Medical Center in Hackensack, Jersey Shore University Medical Center in Neptune, JFK Medical Center in Edison; two children's hospitals - Joseph M. Sanzari Children's Hospital in Hackensack, K. Hovnanian Children's Hospital in Neptune; nine community hospitals Bayshore Medical Center in Holmdel, Mountainside Medical Center in Montclair, Ocean Medical Center in Brick, Palisades Medical Center in North Bergen, Pascack Valley Medical Center in Westwood, Raritan Bay Medical Center in Old Bridge, Raritan Bay Medical Center in Perth Amboy, Riverview Medical Center in Red Bank, and Southern Ocean Medical Center in Manahawkin; a behavioral health hospital Carrier Clinic in Belle Mead; and two rehabilitation hospitals - JFK Johnson Rehabilitation Institute in Edison and Shore Rehabilitation Institute in Brick. Additionally, the network has more than 500 patient care locations throughout the state which include ambulatory care centers, surgery centers, home health services, long-term care and assisted living communities, ambulance services, lifesaving air medical transportation, fitness and wellness centers, rehabilitation centers, urgent care centers and physician practice locations. Hackensack Meridian Health has more than 36,000 team members, and 7,000 physicians and is a distinguished leader in health care philanthropy, committed to the health and well-being of the communities it serves.The network's notable distinctions include having four of its hospitals are among the top hospitals in New Jersey for 2020-21, according toU.S. News & World Report. Additionally, the health system has more top-ranked hospitals than any system in New Jersey. Children's Health is again ranked a top provider of pediatric health care in the United States and earned top 50 rankings in the annual U.S. News' 2020-21 Best Children's Hospitals report. Other honors include consistently achieving Magnet recognition for nursing excellence from the American Nurses Credentialing Center and being named to Becker's Healthcare's "150 Top Places to Work in Healthcare/2019" list. The Hackensack Meridian School of Medicine, the first private medical school in New Jersey in more than 50 years, welcomed its first class of students in 2018 to its On3 campus in Nutley and Clifton. The Hackensack Meridian Center for Discovery and Innovation (CDI), housed in a fully renovated state-of-the-art facility, seeks to translate current innovations in science to improve clinical outcomes for patients with cancer, infectious diseases and other life-threatening and disabling conditions.Additionally, the network partnered with Memorial Sloan Kettering Cancer Center to find more cures for cancer faster while ensuring that patients have access to the highest quality, most individualized cancer care when and where they need it. Hackensack Meridian Health is a member of AllSpire Health Partners, an interstate consortium of leading health systems, to focus on the sharing of best practices in clinical care and achieving efficiencies. To learn more, visit www.hackensackmeridianhealth.org.About John Theurer Cancer Center at Hackensack University Medical CenterJohn Theurer Cancer Center at Hackensack University Medical Center isNew Jersey'slargest and most comprehensive center dedicated to the diagnosis, treatment, management, research, screenings, and preventive care as well as survivorship of patients with all types of cancers. The 14 specialized divisions covering the complete spectrum of cancer care have developed a close-knit team of medical, research, nursing, and support staff with specialized expertise that translates into more advanced, focused care for all patients. Each year, more people in theNew Jersey/New Yorkmetropolitan area turn to John Theurer Cancer Center for cancer care than to any other facility inNew Jersey. John Theurer Cancer Center is a member of the Georgetown Lombardi Comprehensive Cancer Center Consortium, one of just 16 NCI-approved cancer research consortia based at the nation's most prestigious institutions. Housed within a 775-bed not-for-profit teaching, tertiary care, and research hospital, John Theurer Cancer Center provides state-of-the-art technological advances, compassionate care, research innovations, medical expertise, and a full range of aftercare services that distinguish John Theurer Cancer Center from other facilities. For additional information, please visitwww.jtcancercenter.org.SOURCE Hackensack Meridian John Theurer Cancer Center Related Links http://www.hackensackmeridianhealth.org
Answer:
|
Immunotherapy Combo Halts Rare, Stage 4 Sarcoma in Teen John Theurer Cancer Center, Georgetown Lombardi Comprehensive Center Collaboration Achieves Remission
|
HACKENSACK, N.J., Oct. 15, 2020 /PRNewswire/ --A patient with end-stage and rapidly progressing soft-tissue cancer whose tumor did not respond to standard treatment, had a "rapid and complete response" to a novel combination of immunotherapy, according to new research published by a team of scientists from John Theurer Cancer Center at Hackensack University Medical Center and the Georgetown Lombardi Comprehensive Cancer Center, both of whom are part of the Georgetown Lombardi Comprehensive Cancer Center Consortium. (PRNewsfoto/John Theurer Cancer Center...) The immunotherapies targeting the immune checkpoints T-lymphocyte-associated protein 4 (CTLA-4) and programmed cell death protein 1 (PD-1) were administered to a 19-year-old patient with stage 4 epithelioid sarcoma. The patient, whose tumor responded within two weeks after receiving the combination, resumed normal activity and was in a complete remission at the time of the report. The single case was reported online August 18, 2020 in the Journal of Immunotherapy(with the patient's consent). "Epithelioid sarcoma is a rare cancer, and the outcome was not expected to be so positive," said Andrew Pecora, M.D., F.A.C.P., C.P.E., the division chief of skin cancer and sarcoma services at John Theurer Cancer Center. "The breakthrough in this patient's care was the result of the close collaboration between clinician scientist of the Consortium to elucidate the underlying mechanisms that suggested potential sensitivity to the checkpoint inhibitors." "The teamwork in this case, which involved experts from our Consortium, turned things around for this patient," said Louis M. Weiner, M.D., director, Georgetown Lombardi Comprehensive Cancer Center and the MedStar Georgetown Cancer Institute. "The team will follow the patient closely in hopes that we can continue to keep the cancer at bay."The patient was first diagnosed with the soft-tissue sarcoma along the spine in 2017, as a 17 year old. Chemotherapy, radiation and standard of care drugs, were administered, and surgery was performed to achieve partial response. The patient was admitted to the hospital in April 2019 in severe pain and his cancer had progressed to stage 4. Most cases of epithelioid sarcoma show an inactivation of a protein-coding gene known as SMARCB1. That inactivation leads to the suppression of INI1, a gene that codes for a tumor-suppressing protein, effectively causing a biological chain reaction that promotes tumor growth. The doctors at John Theurer Cancer Center, working as a team with Georgetown's experts, obtained a compassionate use authorization to try two checkpoint inhibitors, ipilimumab (anti-CTLA4) and nivolumab (anti-PD1) in May 2019. By October, the patient was in complete remission. As of his last visit in June 2020, he has resumed normal activities and normal physical examination and is essentially asymptomatic. According to the report, the patient's tumor was reliant on the lack of INI1. But the checkpoint inhibitors apparently unmasked the immune system, making the cancer cells susceptible to the body's natural defenses again. The researchers write that more about the dramatic reversal of the patient's cancer needs to be further investigated, particularly what effect the chemotherapy before and after the checkpoint inhibitors may have had. "Immune checkpoint inhibitors are finding a way to effect previously impossible outcomes and we are trying to learn about the precise indicators that suggest clinical utility of the checkpoint inhibitors," said senior author Jeffrey Toretsky,M.D., a professor of oncology and pediatrics at Georgetown Lombardi and chief of MedStar Georgetown University Hospital's Division of Pediatric Hematology/Oncology. "This patient opens a window for this exploration. We're proud to be able to successfully treat patients in this way.""We are eager to see what our science can do for our sickest patients," said Andre Goy, M.D., M.S., physician-in-chief of Oncology, Hackensack MeridianHealth. "It seems like almost anything is becoming possible."In addition to Dr. Pecora and Dr. Toretsky, authors of the report include Steven Halpern, M.D.; Melinda Weber, DNP, RN, APN, AOCN; Elli G. Paleoudis, MS, Ph.D.; David Panush, M.D.; and Francis Patterson, M.D. All authors have declared that there are no financial conflicts of interest with regard to this work. AboutHackensackMeridian HealthHackensack Meridian Health is a leading not-for-profit health care organization that is the largest, most comprehensive and truly integrated health care network in New Jersey, offering a complete range of medical services, innovative research and life-enhancing care. Hackensack Meridian Health comprises 17 hospitals from Bergen to Ocean counties, which includes three academic medical centers Hackensack University Medical Center in Hackensack, Jersey Shore University Medical Center in Neptune, JFK Medical Center in Edison; two children's hospitals - Joseph M. Sanzari Children's Hospital in Hackensack, K. Hovnanian Children's Hospital in Neptune; nine community hospitals Bayshore Medical Center in Holmdel, Mountainside Medical Center in Montclair, Ocean Medical Center in Brick, Palisades Medical Center in North Bergen, Pascack Valley Medical Center in Westwood, Raritan Bay Medical Center in Old Bridge, Raritan Bay Medical Center in Perth Amboy, Riverview Medical Center in Red Bank, and Southern Ocean Medical Center in Manahawkin; a behavioral health hospital Carrier Clinic in Belle Mead; and two rehabilitation hospitals - JFK Johnson Rehabilitation Institute in Edison and Shore Rehabilitation Institute in Brick. Additionally, the network has more than 500 patient care locations throughout the state which include ambulatory care centers, surgery centers, home health services, long-term care and assisted living communities, ambulance services, lifesaving air medical transportation, fitness and wellness centers, rehabilitation centers, urgent care centers and physician practice locations. Hackensack Meridian Health has more than 36,000 team members, and 7,000 physicians and is a distinguished leader in health care philanthropy, committed to the health and well-being of the communities it serves.The network's notable distinctions include having four of its hospitals are among the top hospitals in New Jersey for 2020-21, according toU.S. News & World Report. Additionally, the health system has more top-ranked hospitals than any system in New Jersey. Children's Health is again ranked a top provider of pediatric health care in the United States and earned top 50 rankings in the annual U.S. News' 2020-21 Best Children's Hospitals report. Other honors include consistently achieving Magnet recognition for nursing excellence from the American Nurses Credentialing Center and being named to Becker's Healthcare's "150 Top Places to Work in Healthcare/2019" list. The Hackensack Meridian School of Medicine, the first private medical school in New Jersey in more than 50 years, welcomed its first class of students in 2018 to its On3 campus in Nutley and Clifton. The Hackensack Meridian Center for Discovery and Innovation (CDI), housed in a fully renovated state-of-the-art facility, seeks to translate current innovations in science to improve clinical outcomes for patients with cancer, infectious diseases and other life-threatening and disabling conditions.Additionally, the network partnered with Memorial Sloan Kettering Cancer Center to find more cures for cancer faster while ensuring that patients have access to the highest quality, most individualized cancer care when and where they need it. Hackensack Meridian Health is a member of AllSpire Health Partners, an interstate consortium of leading health systems, to focus on the sharing of best practices in clinical care and achieving efficiencies. To learn more, visit www.hackensackmeridianhealth.org.About John Theurer Cancer Center at Hackensack University Medical CenterJohn Theurer Cancer Center at Hackensack University Medical Center isNew Jersey'slargest and most comprehensive center dedicated to the diagnosis, treatment, management, research, screenings, and preventive care as well as survivorship of patients with all types of cancers. The 14 specialized divisions covering the complete spectrum of cancer care have developed a close-knit team of medical, research, nursing, and support staff with specialized expertise that translates into more advanced, focused care for all patients. Each year, more people in theNew Jersey/New Yorkmetropolitan area turn to John Theurer Cancer Center for cancer care than to any other facility inNew Jersey. John Theurer Cancer Center is a member of the Georgetown Lombardi Comprehensive Cancer Center Consortium, one of just 16 NCI-approved cancer research consortia based at the nation's most prestigious institutions. Housed within a 775-bed not-for-profit teaching, tertiary care, and research hospital, John Theurer Cancer Center provides state-of-the-art technological advances, compassionate care, research innovations, medical expertise, and a full range of aftercare services that distinguish John Theurer Cancer Center from other facilities. For additional information, please visitwww.jtcancercenter.org.SOURCE Hackensack Meridian John Theurer Cancer Center Related Links http://www.hackensackmeridianhealth.org
|
edtsum4354
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SCHAFFHAUSEN, Switzerland, Jan. 28, 2021 /PRNewswire/ --TE Connectivity, a world leader in connectivity and sensors, has again earned the highest score on the Corporate Equality Index from the Human Rights Campaign Foundation, ranking among the Best Places to Work for LGBTQ Equality in the United States for the fifth year in a row. Continue Reading TE Connectivity has been named among the Best Places to Work for LGBTQ Equality for five years in a row. "An inclusive and diverse company is a better company," said CEO Terrence Curtin. "Our global team is filled with people from all different backgrounds who feel empowered to bring their varied experiences and voices to work to ensure that we're fulfilling our purpose of creating a safer, sustainable, productive and connected future." TE's score of 100 places it in the upper echelon of companies earning the HRC designation this year. TE maintains policies ensuring antidiscrimination and equal medical benefits in the U.S and provides related training and education to employees. The company continued its philanthropic support of LGBTQ organizations over the past year, including the LGBT Center of Central Pennsylvania and the Out & Equal Workplace Summit. TE's LGBTQ-focused employee resource group, ALIGN, includes allies and self-identified members of the LGTBQ community across the Americas, Europe and Asia-Pacific. HRC honored TE last month with the HRC Equidad MX 2021 certificate for the company's inclusivity and diversity efforts in Mexico, which also earned a top rating.TE is committed to engaging with its employees around the world and making TE a great place to work by emphasizing development and training, creating a safe work environment, embracing diversity and inclusion, and supporting uncompromising values. Learn more about career opportunities at TE at careers.te.com.About TE ConnectivityTE Connectivity is a global industrial technology leader creating a safer, sustainable, productive, and connected future. Our broad range of connectivity and sensor solutions, proven in the harshest environments, enable advancements in transportation, industrial applications, medical technology, energy, data communications, and the home. With approximately 80,000 employees, including more than 7,500 engineers, working alongside customers in approximately 140 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more atwww.te.comand on LinkedIn, Facebook, WeChat and TwitterSOURCE TE Connectivity Ltd. Related Links http://www.te.com
Answer:
|
TE Connectivity honored with fifth annual ranking as a Best Place to Work for the LGBTQ community Human Rights Campaign Foundation recognizes companies with inclusive business practices
|
SCHAFFHAUSEN, Switzerland, Jan. 28, 2021 /PRNewswire/ --TE Connectivity, a world leader in connectivity and sensors, has again earned the highest score on the Corporate Equality Index from the Human Rights Campaign Foundation, ranking among the Best Places to Work for LGBTQ Equality in the United States for the fifth year in a row. Continue Reading TE Connectivity has been named among the Best Places to Work for LGBTQ Equality for five years in a row. "An inclusive and diverse company is a better company," said CEO Terrence Curtin. "Our global team is filled with people from all different backgrounds who feel empowered to bring their varied experiences and voices to work to ensure that we're fulfilling our purpose of creating a safer, sustainable, productive and connected future." TE's score of 100 places it in the upper echelon of companies earning the HRC designation this year. TE maintains policies ensuring antidiscrimination and equal medical benefits in the U.S and provides related training and education to employees. The company continued its philanthropic support of LGBTQ organizations over the past year, including the LGBT Center of Central Pennsylvania and the Out & Equal Workplace Summit. TE's LGBTQ-focused employee resource group, ALIGN, includes allies and self-identified members of the LGTBQ community across the Americas, Europe and Asia-Pacific. HRC honored TE last month with the HRC Equidad MX 2021 certificate for the company's inclusivity and diversity efforts in Mexico, which also earned a top rating.TE is committed to engaging with its employees around the world and making TE a great place to work by emphasizing development and training, creating a safe work environment, embracing diversity and inclusion, and supporting uncompromising values. Learn more about career opportunities at TE at careers.te.com.About TE ConnectivityTE Connectivity is a global industrial technology leader creating a safer, sustainable, productive, and connected future. Our broad range of connectivity and sensor solutions, proven in the harshest environments, enable advancements in transportation, industrial applications, medical technology, energy, data communications, and the home. With approximately 80,000 employees, including more than 7,500 engineers, working alongside customers in approximately 140 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more atwww.te.comand on LinkedIn, Facebook, WeChat and TwitterSOURCE TE Connectivity Ltd. Related Links http://www.te.com
|
edtsum4356
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, April 8, 2021 /PRNewswire/ -- CIT Group Inc.(NYSE: CIT) today announced that its Real Estate Financebusiness served as sole lead arranger on a $27 million loan to finance acquisition of a warehouse and distribution center in Green Cove Springs, Florida. The facility, located about 40 miles south of downtown Jacksonville, Florida, and close to the First Coast Expressway, consists of about 782,000 square feet of warehouse and distribution space, including about 209,000 square feet of refrigerated space. The property was acquired by an entity managed by PKY Special Situations LLC and will be managed by Parkway Property Investments. "Demand remains high for warehouse and distribution space to serve the Southeast and Florida markets," said Al De Olazarra, President of PKY Special Situations LLC. "We were pleased with CIT's expertise and agility in arranging the financing to complete the acquisition." "We worked closely with the buyers to understand their requirements on this project and provide funding to meet their objectives," said Chris Niederpruem, managing director and group head for CIT's Real Estate Financebusiness. CIT's Real Estate Financedivision originates and underwrites senior secured real estate transactions. With deep market expertise, underwriting experience and industry relationships, the unit provides financing for single properties, property portfolios and loan portfolios. About CIT CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network. Discover more at cit.com/about. MEDIA RELATIONS:John M. Moran212-461-5507[emailprotected] SOURCE CIT Group Inc. Related Links www.cit.com
Answer:
|
CIT Serves as Sole Lead Arranger on $27 Million Financing for Florida Warehouse and Distribution Center
|
NEW YORK, April 8, 2021 /PRNewswire/ -- CIT Group Inc.(NYSE: CIT) today announced that its Real Estate Financebusiness served as sole lead arranger on a $27 million loan to finance acquisition of a warehouse and distribution center in Green Cove Springs, Florida. The facility, located about 40 miles south of downtown Jacksonville, Florida, and close to the First Coast Expressway, consists of about 782,000 square feet of warehouse and distribution space, including about 209,000 square feet of refrigerated space. The property was acquired by an entity managed by PKY Special Situations LLC and will be managed by Parkway Property Investments. "Demand remains high for warehouse and distribution space to serve the Southeast and Florida markets," said Al De Olazarra, President of PKY Special Situations LLC. "We were pleased with CIT's expertise and agility in arranging the financing to complete the acquisition." "We worked closely with the buyers to understand their requirements on this project and provide funding to meet their objectives," said Chris Niederpruem, managing director and group head for CIT's Real Estate Financebusiness. CIT's Real Estate Financedivision originates and underwrites senior secured real estate transactions. With deep market expertise, underwriting experience and industry relationships, the unit provides financing for single properties, property portfolios and loan portfolios. About CIT CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network. Discover more at cit.com/about. MEDIA RELATIONS:John M. Moran212-461-5507[emailprotected] SOURCE CIT Group Inc. Related Links www.cit.com
|
edtsum4365
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: MONT-SAINT-GUIBERT, Belgium--(BUSINESS WIRE)--Regulatory News: Celyad Oncology SA (Euronext & Nasdaq: CYAD) (Brussels:CYAD) (Paris:CYAD) (NASDAQ:CYAD), a clinical-stage biotechnology company focused on the discovery and development of chimeric antigen receptor T cell (CAR T) therapies for cancer, announced the appointment of Dr. Charles Morris to the position of Chief Medical Officer. Dr. Morris will lead and provide strategic direction for all medical, regulatory and clinical development activities. We are delighted to bring someone with Dr. Morriss vast expertise and experience on board during this pivotal time in the Company, said Filippo Petti, CEO of Celyad Oncology. Dr. Morris has played an integral part in guiding multiple late-stage oncology drugs to approval and his demonstrated track record of leadership in the pharmaceutical industry will greatly benefit the work we are doing at Celyad Oncology. Dr. Morris said, Im happy to be joining Celyad Oncology during such a milestone rich year full of multiple important data readouts. Celyad Oncologys unique allogeneic CAR T approach coupled with its proprietary allogeneic technologies provides a wealth of material to create a differentiated pipeline for patients with unmet medical needs. I look forward to working with the team to advance Celyad Oncology and help make it a leader in the field. Dr. Morris is a medical oncologist with over 20 years of oncology drug development experience in the international biotech and pharmaceutical space. Prior to joining Celyad Oncology, Dr. Morris served as Chief Medical Officer of Radius Health and held leadership positions at PsiOxus Therapeutics, ImmunoGen Inc and Allos Therapeutics, where he contributed to all phases of development for solid and hematological tumor indications, as well as life-cycle management development activities for FOLOTYN (pralatrexate) while at Allos. Before serving in these positions, he was Vice President of Worldwide Clinical Research at Cephalon, Inc., where he helped the company achieve its first oncology drug approval for Treanda (bendamustine). He spent the early years of his career in various roles at AstraZeneca, where he significantly contributed to the worldwide development of Faslodex (fulvestrant), co-authored multiple publications regarding fulvestrant and breast cancer, and supported early clinical development activities for Iressa (gefitinib). Dr. Morris holds a Bachelor of Medicine, Bachelor of Surgery and Bachelor of Medical Science in Clinical Pharmacology and Therapeutics degree from Sheffield University Medical School in the UK and is a Member of the Royal College of Physicians of London. Forward-Looking Statement This release may contain forward-looking statements, within the meaning of applicable securities laws, including the Private Securities Litigation Reform Act of 1995. Forward-looking statements may include statements regarding: the strategic direction for the Companys medical, regulatory and clinical development activities, including upcoming data readouts. Forward-looking statements may involve known and unknown risks and uncertainties which might cause actual results, financial condition, performance or achievements of Celyad Oncology to differ materially from those expressed or implied by such forward-looking statements. Such risk and uncertainty includes the expected date of the Phase 1 trial results in the first half of 2021, our development of additional shRNA-based allogenic candidates from our CYAD-200 series towards clinical trial, our financial and operating results and the duration and severity of the COVID-19 pandemic and government measures implemented in response thereto. A further list and description of these risks, uncertainties and other risks can be found in Celyad Oncologys U.S. Securities and Exchange Commission (SEC) filings and reports, including in its Annual Report on Form 20-F filed with the SEC on March 24, 2021 and subsequent filings and reports by Celyad Oncology. These forward-looking statements speak only as of the date of publication of this document and Celyad Oncologys actual results may differ materially from those expressed or implied by these forward-looking statements. Celyad Oncology expressly disclaims any obligation to update any such forward-looking statements in this document to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, unless required by law or regulation.
Answer:
|
Celyad Oncology Appoints Dr. Charles Morris as Chief Medical Officer
|
MONT-SAINT-GUIBERT, Belgium--(BUSINESS WIRE)--Regulatory News: Celyad Oncology SA (Euronext & Nasdaq: CYAD) (Brussels:CYAD) (Paris:CYAD) (NASDAQ:CYAD), a clinical-stage biotechnology company focused on the discovery and development of chimeric antigen receptor T cell (CAR T) therapies for cancer, announced the appointment of Dr. Charles Morris to the position of Chief Medical Officer. Dr. Morris will lead and provide strategic direction for all medical, regulatory and clinical development activities. We are delighted to bring someone with Dr. Morriss vast expertise and experience on board during this pivotal time in the Company, said Filippo Petti, CEO of Celyad Oncology. Dr. Morris has played an integral part in guiding multiple late-stage oncology drugs to approval and his demonstrated track record of leadership in the pharmaceutical industry will greatly benefit the work we are doing at Celyad Oncology. Dr. Morris said, Im happy to be joining Celyad Oncology during such a milestone rich year full of multiple important data readouts. Celyad Oncologys unique allogeneic CAR T approach coupled with its proprietary allogeneic technologies provides a wealth of material to create a differentiated pipeline for patients with unmet medical needs. I look forward to working with the team to advance Celyad Oncology and help make it a leader in the field. Dr. Morris is a medical oncologist with over 20 years of oncology drug development experience in the international biotech and pharmaceutical space. Prior to joining Celyad Oncology, Dr. Morris served as Chief Medical Officer of Radius Health and held leadership positions at PsiOxus Therapeutics, ImmunoGen Inc and Allos Therapeutics, where he contributed to all phases of development for solid and hematological tumor indications, as well as life-cycle management development activities for FOLOTYN (pralatrexate) while at Allos. Before serving in these positions, he was Vice President of Worldwide Clinical Research at Cephalon, Inc., where he helped the company achieve its first oncology drug approval for Treanda (bendamustine). He spent the early years of his career in various roles at AstraZeneca, where he significantly contributed to the worldwide development of Faslodex (fulvestrant), co-authored multiple publications regarding fulvestrant and breast cancer, and supported early clinical development activities for Iressa (gefitinib). Dr. Morris holds a Bachelor of Medicine, Bachelor of Surgery and Bachelor of Medical Science in Clinical Pharmacology and Therapeutics degree from Sheffield University Medical School in the UK and is a Member of the Royal College of Physicians of London. Forward-Looking Statement This release may contain forward-looking statements, within the meaning of applicable securities laws, including the Private Securities Litigation Reform Act of 1995. Forward-looking statements may include statements regarding: the strategic direction for the Companys medical, regulatory and clinical development activities, including upcoming data readouts. Forward-looking statements may involve known and unknown risks and uncertainties which might cause actual results, financial condition, performance or achievements of Celyad Oncology to differ materially from those expressed or implied by such forward-looking statements. Such risk and uncertainty includes the expected date of the Phase 1 trial results in the first half of 2021, our development of additional shRNA-based allogenic candidates from our CYAD-200 series towards clinical trial, our financial and operating results and the duration and severity of the COVID-19 pandemic and government measures implemented in response thereto. A further list and description of these risks, uncertainties and other risks can be found in Celyad Oncologys U.S. Securities and Exchange Commission (SEC) filings and reports, including in its Annual Report on Form 20-F filed with the SEC on March 24, 2021 and subsequent filings and reports by Celyad Oncology. These forward-looking statements speak only as of the date of publication of this document and Celyad Oncologys actual results may differ materially from those expressed or implied by these forward-looking statements. Celyad Oncology expressly disclaims any obligation to update any such forward-looking statements in this document to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, unless required by law or regulation.
|
edtsum4369
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: TORONTOand LAS VEGAS, May 29, 2020 /PRNewswire/ -Flower One Holdings Inc. (the "Company" or "Flower One") (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator, producer and innovator in Nevada, today provided an update on COVID-19 and the status of the filing of its 2019 fourth quarter and year-end financial results and accompanying management's discussion and analysis for the financial year ended December 31, 2019 (collectively, the "Annual Filings"), which were initially required to be filed by April 29, 2020 under National Instrument 51-102 Continuous Disclosure Obligations ("NI51-102"). COVID-19 Update Since the Company's news releases dated March 19, 2020 (see herefor news release) and April 6, 2020 (see herefor news release), Nevada's Governor Steve Sisolak has officially announced the following: May 1 All cannabis retailers in the state are permitted to expand service to include curbside pick-up; May 9 All cannabis dispensaries are permitted to re-open their physical storefronts subject to specific physical distancing criteria and protocols; May 29 (today) Phase 2 of the state's re-opening of businesses can begin; and June 4 All casinos, including those on the Las Vegas Strip, can re-open with certain restrictions and protocols. Annual Filings and Earnings Call The Company expects to file the Annual Filings after market close on June 15, 2020 and will host a conference call on June 16, 2020 at 8:30 a.m. ET to discuss its financial results and review recent and upcoming milestones. All interested parties are invited to participate on the earnings conference call. Please dial 647-427-7450 or 1-888-231-8191 approximately 15 minutes prior to the call to secure a line. You will be put on hold until the call begins. A question-and-answer session will follow the conference call, at which time the operator will provide instructions for submitting questions. A replay will be available until June 30, 2020. To access the archived conference call, please dial 1-855-859-2056 and enter the conference code 3257949. A live audio webcast of the call will be available at http://bit.ly/FONE-Q4-2019. Please connect at least 15 minutes prior to the start time to ensure adequate time for any software download that may be required to join the webcast. An archived replay of the webcast will be available online for 90 days. First Quarter 2020 Financial Results The Company also provided an update on the status of the filing of its 2020 first quarter financial results and accompanying management's discussion and analysis for the period ended March31, 2020 (collectively, the "Q1 Disclosure Documents"), which were initially required to be filed by June1,2020 under NI 51-102. On March 23, 2020, the Canadian Securities Administrators published substantively harmonized temporary exemptions from certain regulatory filing requirements that provide issuers with a 45-day filing extension for filings required on or before June 1, 2020 to allow issuers the time needed to focus on the many other business and financial reporting implications of COVID-19. The Company will rely on the exemption granted under BC Instrument 51-515 Temporary Exemption from Certain Corporate Finance Requirements with respect to the Q1 Disclosure Documents. In the interim, management and other insiders of the Company are subject to a trading black-out policy that reflects the principles in section 9 of National Policy 11-207 Failure to-File Cease Trade Orders and Revocations in Multiple Jurisdictions. Other than COVID-19 related matters and as previously disclosed by the Company in its news releases dated January 28, March 19, May 4, 2020 and May 11, 2020, and those stated above in this release, there have been no material business developments since the date of the Company's most recent filing of its interim Financial Statements and Management Discussion and Analysis. Flower One continues to expect financial results in-line with its previously reported figures, including preliminary financial results for the fourth quarter and year ended December 31, 2019 announced on March 9, 2020 (see herefor news release) and preliminary results for the first quarter ended March 31, 2020 announced on April 6, 2020 (see herefor news release). Executive Compensation Disclosure The Company will rely on BC Instrument 51-516 Temporary Exemptions from Certain Requirements to File or Send Securityholder Materials to be exempted from its executive compensation disclosure requirements. The Company will extend its deadline to satisfy such requirements and will send its annual general meeting ("AGM") information circular containing its executive compensation disclosure required under applicable securities laws on or before December 31, 2020. The Company is considering an appropriate time and format for its AGM and will provide information on the timing of its AGM and the filing of its executive compensation disclosure when it has appropriately considered all the issues. About Flower One Holdings Inc. Flower One is the largest cannabis cultivator, producer, and full-service brand fulfillment partner in the state of Nevada. By combining more than 20 years of greenhouse operational excellence with best-in-class cannabis operators, Flower One offers consistent, reliable, and scalable fulfillment to a growing number of industry-leading cannabis brands. Flower One's flagship 400,000 square-foot greenhouse and 55,000 square-foot production facility is used for large scale cannabis cultivation, processing, and manufacturing. Flower One also owns and operates a second production facility in Las Vegas, with 25,000 square-feet of indoor cultivation and a commercial kitchen that will produce several of the nation's top-performing edible brands. Flower One produces a wide range of products ranging from wholesale flower, full-spectrum oils, and distillates to finished consumer packaged goods including flower, pre-rolls, concentrates, edibles, and topicals for the top-performing brands in cannabis. The Company's common shares are traded on the Canadian Securities Exchange under the Company's symbol "FONE", in the United States on the OTCQX Best Market under the symbol "FLOOF" and on the Frankfurt Stock Exchange under the symbol "F11". For more information, visit: https://flowerone.com. Forward-Looking Statements Statements in this press release that are not statements of historical or current fact constitute "forward-looking information" within the meaning of Canadian securities laws and "forward-looking statements" within the meaning of United States securities laws (collectively, "forward-looking statements"). Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of the Company to be materially different from historical results or from any future actual results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "potential," "should," "may," "will," "plans," "continue" or other similar expressions to be uncertain and forward-looking. Forward-looking statements may include, without limitation, statements relating to the Company's filing and delivery of its Annual Filings or its Q1 Disclosure Documents; the earnings conference call; the disclosure of executive compensation; potential financial results; ability to remain open in response to the state government's public health efforts to contain COVID-19; the Company's leadership as a cannabis cultivator, producer, innovator and full-service brand fulfillment partner; the Company's ability to offer consistent, reliable and scalable fulfilment to its brand partners; and the production of the nation's top-performing edibles brands. The Company is indirectly involved in the manufacture, possession, use, sale and distribution of cannabis in the recreational and medicinal cannabis marketplaces in the United States through its subsidiary Cana Nevada Corp. Local state laws where Cana Nevada Corp. operates permit such activities; however, these activities are currently illegal under United States federal law. Additional information regarding this and other risks and uncertainties relating to the Company's business are contained under the heading "Risk Factors" in the Company's Shelf Prospectus dated September 27, 2019 and the Prospectus Supplement dated November 8, 2019 (collectively, the "Prospectus") filed on its issuer profile on SEDAR at www.sedar.com. The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement, the "Cautionary Statement regarding Forward-Looking Information" section contained in the Prospectus. All forward-looking statements in this press release are made as of the date of this press release. The forward-looking statements contained herein are also subject generally to assumptions and risks and uncertainties that are described from time to time in the Company's public securities filings with the Canadian securities commissions, including the Company's Prospectus. Although Flower One has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; investing in target companies or projects that are engaged in activities currently considered illegal under United States federal law; changes in laws; limited operating history; reliance on management; requirements for additional financing; competition; hindering market growth and state adoption due to inconsistent public opinion and perception of the medical-use and adult-use marijuana industry and; regulatory or political change. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. Flower One Holdings disclaims and does not undertake any intention or obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. NEITHER THE CANADIAN SECURITIES EXCHANGE NOR THEIR REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. SOURCE Flower One Holdings Inc.
Answer:
|
Flower One Provides Update on COVID-19 and Schedules Fourth Quarter Earnings Call for June 16, 2020
|
TORONTOand LAS VEGAS, May 29, 2020 /PRNewswire/ -Flower One Holdings Inc. (the "Company" or "Flower One") (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator, producer and innovator in Nevada, today provided an update on COVID-19 and the status of the filing of its 2019 fourth quarter and year-end financial results and accompanying management's discussion and analysis for the financial year ended December 31, 2019 (collectively, the "Annual Filings"), which were initially required to be filed by April 29, 2020 under National Instrument 51-102 Continuous Disclosure Obligations ("NI51-102"). COVID-19 Update Since the Company's news releases dated March 19, 2020 (see herefor news release) and April 6, 2020 (see herefor news release), Nevada's Governor Steve Sisolak has officially announced the following: May 1 All cannabis retailers in the state are permitted to expand service to include curbside pick-up; May 9 All cannabis dispensaries are permitted to re-open their physical storefronts subject to specific physical distancing criteria and protocols; May 29 (today) Phase 2 of the state's re-opening of businesses can begin; and June 4 All casinos, including those on the Las Vegas Strip, can re-open with certain restrictions and protocols. Annual Filings and Earnings Call The Company expects to file the Annual Filings after market close on June 15, 2020 and will host a conference call on June 16, 2020 at 8:30 a.m. ET to discuss its financial results and review recent and upcoming milestones. All interested parties are invited to participate on the earnings conference call. Please dial 647-427-7450 or 1-888-231-8191 approximately 15 minutes prior to the call to secure a line. You will be put on hold until the call begins. A question-and-answer session will follow the conference call, at which time the operator will provide instructions for submitting questions. A replay will be available until June 30, 2020. To access the archived conference call, please dial 1-855-859-2056 and enter the conference code 3257949. A live audio webcast of the call will be available at http://bit.ly/FONE-Q4-2019. Please connect at least 15 minutes prior to the start time to ensure adequate time for any software download that may be required to join the webcast. An archived replay of the webcast will be available online for 90 days. First Quarter 2020 Financial Results The Company also provided an update on the status of the filing of its 2020 first quarter financial results and accompanying management's discussion and analysis for the period ended March31, 2020 (collectively, the "Q1 Disclosure Documents"), which were initially required to be filed by June1,2020 under NI 51-102. On March 23, 2020, the Canadian Securities Administrators published substantively harmonized temporary exemptions from certain regulatory filing requirements that provide issuers with a 45-day filing extension for filings required on or before June 1, 2020 to allow issuers the time needed to focus on the many other business and financial reporting implications of COVID-19. The Company will rely on the exemption granted under BC Instrument 51-515 Temporary Exemption from Certain Corporate Finance Requirements with respect to the Q1 Disclosure Documents. In the interim, management and other insiders of the Company are subject to a trading black-out policy that reflects the principles in section 9 of National Policy 11-207 Failure to-File Cease Trade Orders and Revocations in Multiple Jurisdictions. Other than COVID-19 related matters and as previously disclosed by the Company in its news releases dated January 28, March 19, May 4, 2020 and May 11, 2020, and those stated above in this release, there have been no material business developments since the date of the Company's most recent filing of its interim Financial Statements and Management Discussion and Analysis. Flower One continues to expect financial results in-line with its previously reported figures, including preliminary financial results for the fourth quarter and year ended December 31, 2019 announced on March 9, 2020 (see herefor news release) and preliminary results for the first quarter ended March 31, 2020 announced on April 6, 2020 (see herefor news release). Executive Compensation Disclosure The Company will rely on BC Instrument 51-516 Temporary Exemptions from Certain Requirements to File or Send Securityholder Materials to be exempted from its executive compensation disclosure requirements. The Company will extend its deadline to satisfy such requirements and will send its annual general meeting ("AGM") information circular containing its executive compensation disclosure required under applicable securities laws on or before December 31, 2020. The Company is considering an appropriate time and format for its AGM and will provide information on the timing of its AGM and the filing of its executive compensation disclosure when it has appropriately considered all the issues. About Flower One Holdings Inc. Flower One is the largest cannabis cultivator, producer, and full-service brand fulfillment partner in the state of Nevada. By combining more than 20 years of greenhouse operational excellence with best-in-class cannabis operators, Flower One offers consistent, reliable, and scalable fulfillment to a growing number of industry-leading cannabis brands. Flower One's flagship 400,000 square-foot greenhouse and 55,000 square-foot production facility is used for large scale cannabis cultivation, processing, and manufacturing. Flower One also owns and operates a second production facility in Las Vegas, with 25,000 square-feet of indoor cultivation and a commercial kitchen that will produce several of the nation's top-performing edible brands. Flower One produces a wide range of products ranging from wholesale flower, full-spectrum oils, and distillates to finished consumer packaged goods including flower, pre-rolls, concentrates, edibles, and topicals for the top-performing brands in cannabis. The Company's common shares are traded on the Canadian Securities Exchange under the Company's symbol "FONE", in the United States on the OTCQX Best Market under the symbol "FLOOF" and on the Frankfurt Stock Exchange under the symbol "F11". For more information, visit: https://flowerone.com. Forward-Looking Statements Statements in this press release that are not statements of historical or current fact constitute "forward-looking information" within the meaning of Canadian securities laws and "forward-looking statements" within the meaning of United States securities laws (collectively, "forward-looking statements"). Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of the Company to be materially different from historical results or from any future actual results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "potential," "should," "may," "will," "plans," "continue" or other similar expressions to be uncertain and forward-looking. Forward-looking statements may include, without limitation, statements relating to the Company's filing and delivery of its Annual Filings or its Q1 Disclosure Documents; the earnings conference call; the disclosure of executive compensation; potential financial results; ability to remain open in response to the state government's public health efforts to contain COVID-19; the Company's leadership as a cannabis cultivator, producer, innovator and full-service brand fulfillment partner; the Company's ability to offer consistent, reliable and scalable fulfilment to its brand partners; and the production of the nation's top-performing edibles brands. The Company is indirectly involved in the manufacture, possession, use, sale and distribution of cannabis in the recreational and medicinal cannabis marketplaces in the United States through its subsidiary Cana Nevada Corp. Local state laws where Cana Nevada Corp. operates permit such activities; however, these activities are currently illegal under United States federal law. Additional information regarding this and other risks and uncertainties relating to the Company's business are contained under the heading "Risk Factors" in the Company's Shelf Prospectus dated September 27, 2019 and the Prospectus Supplement dated November 8, 2019 (collectively, the "Prospectus") filed on its issuer profile on SEDAR at www.sedar.com. The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement, the "Cautionary Statement regarding Forward-Looking Information" section contained in the Prospectus. All forward-looking statements in this press release are made as of the date of this press release. The forward-looking statements contained herein are also subject generally to assumptions and risks and uncertainties that are described from time to time in the Company's public securities filings with the Canadian securities commissions, including the Company's Prospectus. Although Flower One has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; investing in target companies or projects that are engaged in activities currently considered illegal under United States federal law; changes in laws; limited operating history; reliance on management; requirements for additional financing; competition; hindering market growth and state adoption due to inconsistent public opinion and perception of the medical-use and adult-use marijuana industry and; regulatory or political change. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. Flower One Holdings disclaims and does not undertake any intention or obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. NEITHER THE CANADIAN SECURITIES EXCHANGE NOR THEIR REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. SOURCE Flower One Holdings Inc.
|
edtsum4373
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BROOKFIELD, Wis.--(BUSINESS WIRE)--Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, announced that its Board of Directors has authorized it to repurchase 60 million shares of the companys common stock, which is in addition to the shares remaining available under the companys existing authorization. Fiserv may repurchase shares in the open market or in privately negotiated transactions at the discretion of management, subject to its assessment of market conditions and other factors. This authorization does not expire. About Fiserv Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover cloud-based point-of-sale solution. Fiserv is a member of the S&P 500 Index and the FORTUNE 500, and is among FORTUNE World's Most Admired Companies. Visit fiserv.com and follow on social media for more information and the latest company news. FISV-G
Answer:
|
Fiserv Announces 60 Million Share Repurchase Authorization
|
BROOKFIELD, Wis.--(BUSINESS WIRE)--Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, announced that its Board of Directors has authorized it to repurchase 60 million shares of the companys common stock, which is in addition to the shares remaining available under the companys existing authorization. Fiserv may repurchase shares in the open market or in privately negotiated transactions at the discretion of management, subject to its assessment of market conditions and other factors. This authorization does not expire. About Fiserv Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover cloud-based point-of-sale solution. Fiserv is a member of the S&P 500 Index and the FORTUNE 500, and is among FORTUNE World's Most Admired Companies. Visit fiserv.com and follow on social media for more information and the latest company news. FISV-G
|
edtsum4379
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: PITTSBURGH, May 5, 2020 /PRNewswire/ --While praying for the latest victims of abductions and natural disasters, an inventor from Dothan, Ala., got an idea for a product that will assist potential victims, aid first responders and provide hope and peace of mind for parents, children and loved ones of the innocent or impaired victims. The patent-pending PASS provides a way to quickly and effectively assist victims in signaling life, location and/or need for help. Created to secure personal safety in dire circumstances, the PASS units greatest features are an inconspicuous design and discreet activation. The PASS can also be activated remotely, greatly enhancing rapid recovery efforts. The original design was submitted to the National sales office of InventHelp. Patent application is in process. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 18-SKC-556, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com. SOURCE InventHelp Related Links http://www.inventhelp.com
Answer:
|
InventHelp Presents Wearable Personal Security Alert (SKC-556)
|
PITTSBURGH, May 5, 2020 /PRNewswire/ --While praying for the latest victims of abductions and natural disasters, an inventor from Dothan, Ala., got an idea for a product that will assist potential victims, aid first responders and provide hope and peace of mind for parents, children and loved ones of the innocent or impaired victims. The patent-pending PASS provides a way to quickly and effectively assist victims in signaling life, location and/or need for help. Created to secure personal safety in dire circumstances, the PASS units greatest features are an inconspicuous design and discreet activation. The PASS can also be activated remotely, greatly enhancing rapid recovery efforts. The original design was submitted to the National sales office of InventHelp. Patent application is in process. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 18-SKC-556, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com. SOURCE InventHelp Related Links http://www.inventhelp.com
|
edtsum4382
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, Jan. 4, 2021 /PRNewswire/ --DLA Piper represented Seaspan Corporation, a leading independent owner and operator of containerships, in its offering of US$201.25 million principal amount of 3.75% exchangeable senior notes due 2025 closed on December 21, 2020. The notes will be exchangeable under certain circumstances at the option of the holders into common shares of Seaspan's parent, Atlas Corp. (NYSE: ATCO), cash, or a combination of Atlas shares and cash, at Seaspan's election, unless the notes have been previously repurchased or redeemed. In connection with the offering, Seaspan entered into privately negotiated capped call transactions with certain financial institutions. The capped call transactions are expected generally to reduce the potential dilution to Atlas shares upon any exchange of notes and/or offset cash payments Seaspan is required to make upon exchange of the notes, in each case, subject to a cap. "We were pleased to bring together a multi-disciplinary team with extensive experience advising clients in complex capital markets transactions to assist Seaspan in executing this offering, which will position it well for continued growth and success and provide capital to achieve its goals," said Christopher Paci, chair of DLA Piper's Capital Markets practice, who led the firm's deal team along with partner Jamie Knox. In addition to Paci and Knox (both of New York), the DLA Piper team representing Seaspan included partners Marc Horwitz (Chicago), Drew Young (New York), Ben Brown (London) and Anderson Lam (Hong Kong); and associates Arielle Katzman (New York), Drew Valentine (Austin/New York), Brendan Kelly (Baltimore) and John Wei (Boston). DLA Piper's global capital markets team represents issuers and underwriters in registered and unregistered equity, equity-linked and debt capital markets transactions, including initial public offerings, follow-on equity offerings, equity-linked securities offerings, and offerings of investment grade and high-yield debt securities. About DLA PiperDLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning us to help clients with their legal needs around the world. In certain jurisdictions, this information may be considered attorney advertising. dlapiper.com SOURCE DLA Piper Related Links http://www.dlapiper.com
Answer:
|
DLA Piper advises Seaspan Corporation in US$201.25 million 3.75% exchangeable senior notes offering
|
NEW YORK, Jan. 4, 2021 /PRNewswire/ --DLA Piper represented Seaspan Corporation, a leading independent owner and operator of containerships, in its offering of US$201.25 million principal amount of 3.75% exchangeable senior notes due 2025 closed on December 21, 2020. The notes will be exchangeable under certain circumstances at the option of the holders into common shares of Seaspan's parent, Atlas Corp. (NYSE: ATCO), cash, or a combination of Atlas shares and cash, at Seaspan's election, unless the notes have been previously repurchased or redeemed. In connection with the offering, Seaspan entered into privately negotiated capped call transactions with certain financial institutions. The capped call transactions are expected generally to reduce the potential dilution to Atlas shares upon any exchange of notes and/or offset cash payments Seaspan is required to make upon exchange of the notes, in each case, subject to a cap. "We were pleased to bring together a multi-disciplinary team with extensive experience advising clients in complex capital markets transactions to assist Seaspan in executing this offering, which will position it well for continued growth and success and provide capital to achieve its goals," said Christopher Paci, chair of DLA Piper's Capital Markets practice, who led the firm's deal team along with partner Jamie Knox. In addition to Paci and Knox (both of New York), the DLA Piper team representing Seaspan included partners Marc Horwitz (Chicago), Drew Young (New York), Ben Brown (London) and Anderson Lam (Hong Kong); and associates Arielle Katzman (New York), Drew Valentine (Austin/New York), Brendan Kelly (Baltimore) and John Wei (Boston). DLA Piper's global capital markets team represents issuers and underwriters in registered and unregistered equity, equity-linked and debt capital markets transactions, including initial public offerings, follow-on equity offerings, equity-linked securities offerings, and offerings of investment grade and high-yield debt securities. About DLA PiperDLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning us to help clients with their legal needs around the world. In certain jurisdictions, this information may be considered attorney advertising. dlapiper.com SOURCE DLA Piper Related Links http://www.dlapiper.com
|
edtsum4390
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: VISTA, Calif.--(BUSINESS WIRE)--Flux Power Holdings, Inc. (Flux Power) (NASDAQ: FLUX), a developer of advanced lithium-ion industrial batteries for commercial and industrial equipment, today announced that its financial results for Q221 will be released before the market opens on Thursday, February 11, 2021. Flux Power will host a conference call later that day at 4:30 PM Eastern Time to discuss its financial results and provide a company update. Investors and analysts interested in joining the call are invited to dial (833) 428-8374 or (270) 240-0543 for international callers. The conference ID is 2178397. A recording of the conference call will be uploaded to the Flux Power website once it is available. About Flux Power Holdings, Inc. (www.fluxpower.com) Flux Power designs, develops, manufactures, and sells advanced lithium-ion energy storage solutions for lift trucks, airport ground support equipment (GSE), stationary energy storage, and other industrial and commercial applications. Flux Powers LiFT Pack battery packs, including its proprietary battery management system (BMS), provide its customers with a better performing, higher value, and more environmentally friendly alternative as compared to traditional lead acid and propane-based solutions. Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners. Follow us at: Blog: Flux Power Blog News: Flux Power News Twitter: @FLUXpwr LinkedIn: Flux Power
Answer:
|
Flux Power Announces FY 2021 Q2 Financial Results & Company Update Conference Call Scheduled for February 11, 2021
|
VISTA, Calif.--(BUSINESS WIRE)--Flux Power Holdings, Inc. (Flux Power) (NASDAQ: FLUX), a developer of advanced lithium-ion industrial batteries for commercial and industrial equipment, today announced that its financial results for Q221 will be released before the market opens on Thursday, February 11, 2021. Flux Power will host a conference call later that day at 4:30 PM Eastern Time to discuss its financial results and provide a company update. Investors and analysts interested in joining the call are invited to dial (833) 428-8374 or (270) 240-0543 for international callers. The conference ID is 2178397. A recording of the conference call will be uploaded to the Flux Power website once it is available. About Flux Power Holdings, Inc. (www.fluxpower.com) Flux Power designs, develops, manufactures, and sells advanced lithium-ion energy storage solutions for lift trucks, airport ground support equipment (GSE), stationary energy storage, and other industrial and commercial applications. Flux Powers LiFT Pack battery packs, including its proprietary battery management system (BMS), provide its customers with a better performing, higher value, and more environmentally friendly alternative as compared to traditional lead acid and propane-based solutions. Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners. Follow us at: Blog: Flux Power Blog News: Flux Power News Twitter: @FLUXpwr LinkedIn: Flux Power
|
edtsum4400
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: LONDON--(BUSINESS WIRE)--The mobile biometrics market is expected to grow by USD 15.63 billion, decelerating at a CAGR of about 19% during the forecast period. Download Free Sample Report The increasing demand for m-commerce is one of the major factors propelling market growth. However, factors such as the need to comply with stringent regulations and standards will hamper market growth. More details: https://www.technavio.com/report/mobile-biometrics-market-industry-analysis Mobile Biometrics Market: Technology Landscape Fingerprint sensors are set to witness significant growth during the forecast period owing to the increasing demand from smartphone manufacturers. Governments across the world are implementing fingerprint technology to track the information of their citizens, which is one of the prime factors driving the growth of fingerprint technology. Market growth in this segment will be slower than the growth of the market in face recognition, voice recognition, and other segments. Mobile Biometrics Market: Geographic Landscape APAC was the largest mobile biometrics market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the increasing penetration of smartphones and the growing popularity of mobile banking and mobile commerce will significantly drive mobile biometrics market growth in this region over the forecast period. 43% of the markets growth will originate from APAC during the forecast period. China and Japan are the key markets for mobile biometrics in APAC. Market growth in this region will be faster than the growth of the market in Europe, MEA, and North America. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Companies Covered: What our reports offer: Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Key Topics Covered: Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by Application Market Segmentation by Technology Customer landscape Geographic Landscape Vendor Landscape Vendor Analysis Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Answer:
|
Mobile Biometrics Market - Growth, Trends, and Forecast (2020 - 2024) | Technavio
|
LONDON--(BUSINESS WIRE)--The mobile biometrics market is expected to grow by USD 15.63 billion, decelerating at a CAGR of about 19% during the forecast period. Download Free Sample Report The increasing demand for m-commerce is one of the major factors propelling market growth. However, factors such as the need to comply with stringent regulations and standards will hamper market growth. More details: https://www.technavio.com/report/mobile-biometrics-market-industry-analysis Mobile Biometrics Market: Technology Landscape Fingerprint sensors are set to witness significant growth during the forecast period owing to the increasing demand from smartphone manufacturers. Governments across the world are implementing fingerprint technology to track the information of their citizens, which is one of the prime factors driving the growth of fingerprint technology. Market growth in this segment will be slower than the growth of the market in face recognition, voice recognition, and other segments. Mobile Biometrics Market: Geographic Landscape APAC was the largest mobile biometrics market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the increasing penetration of smartphones and the growing popularity of mobile banking and mobile commerce will significantly drive mobile biometrics market growth in this region over the forecast period. 43% of the markets growth will originate from APAC during the forecast period. China and Japan are the key markets for mobile biometrics in APAC. Market growth in this region will be faster than the growth of the market in Europe, MEA, and North America. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Companies Covered: What our reports offer: Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Key Topics Covered: Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by Application Market Segmentation by Technology Customer landscape Geographic Landscape Vendor Landscape Vendor Analysis Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
|
edtsum4411
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: PITTSBURGH, Aug. 6, 2020 /PRNewswire/ -- Kennametal (NYSE: KMT) announced today that they will attend the Jefferies Virtual Industrials Conference. Details of the conference are as follows: When: Thursday, August 6, 2020 Attendees: Chris Rossi, President and Chief Executive Officer Damon Audia, Vice President and Chief Financial Officer Kelly Boyer, Vice President, Investor Relations About KennametalWith over 80 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 9,000 employees are helping customers in more than 60 countries stay competitive. Kennametal generated nearly $1.9 billion in revenues in fiscal 2020. Learn more at www.kennametal.com. Follow @Kennametal: Twitter, Instagram, Facebook, LinkedIn and YouTube. SOURCE Kennametal Inc. Related Links http://www.kennametal.com
Answer:
|
Kennametal to Attend Jefferies Virtual Industrials Conference
|
PITTSBURGH, Aug. 6, 2020 /PRNewswire/ -- Kennametal (NYSE: KMT) announced today that they will attend the Jefferies Virtual Industrials Conference. Details of the conference are as follows: When: Thursday, August 6, 2020 Attendees: Chris Rossi, President and Chief Executive Officer Damon Audia, Vice President and Chief Financial Officer Kelly Boyer, Vice President, Investor Relations About KennametalWith over 80 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 9,000 employees are helping customers in more than 60 countries stay competitive. Kennametal generated nearly $1.9 billion in revenues in fiscal 2020. Learn more at www.kennametal.com. Follow @Kennametal: Twitter, Instagram, Facebook, LinkedIn and YouTube. SOURCE Kennametal Inc. Related Links http://www.kennametal.com
|
edtsum4414
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: In the news release, "Eaton Vance Corp. Fourth Fiscal Quarter and Fiscal Year Ended 2020 Earnings Conference Call and Webcast Notification", issued 17-Nov-2020 by Eaton Vance Corp. over PR Newswire, we were advised by the company of the following update, as follows: UPDATE: Eaton Vance Corp. Fourth Fiscal Quarter and Fiscal Year 2020 Earnings BOSTON, Nov. 17, 2020 /PRNewswire/ --Eaton Vance Corp. (NYSE: EV) will release fourth fiscal quarter and fiscal year 2020 earnings at approximately 9:00 AM ET on Tuesday, November 24, 2020. The full earnings release and accompanying details illustrating key performance measures will be available on Eaton Vance's website, eatonvance.com, under "investor relations." Eaton Vance Corp. provides advanced investment strategies and wealth management solutions to forward-thinking investors around the world. Through principal investment affiliates Eaton Vance Management, Parametric, Atlanta Capital, Calvert and Hexavest, the Company offers a diversity of investment approaches, encompassing bottom-up and top-down fundamental active management, responsible investing, systematic investing and customized implementation of client-specified portfolio exposures. As of September 30, 2020, Eaton Vance had consolidated assets under management of $517.0 billion. Exemplary service, timely innovation and attractive returns across market cycles have been hallmarks of Eaton Vance since 1924. For more information, visit eatonvance.com. SOURCE Eaton Vance Corp. Related Links http://www.eatonvance.com
Answer:
|
UPDATE: Eaton Vance Corp. Fourth Fiscal Quarter and Fiscal Year 2020 Earnings
|
In the news release, "Eaton Vance Corp. Fourth Fiscal Quarter and Fiscal Year Ended 2020 Earnings Conference Call and Webcast Notification", issued 17-Nov-2020 by Eaton Vance Corp. over PR Newswire, we were advised by the company of the following update, as follows: UPDATE: Eaton Vance Corp. Fourth Fiscal Quarter and Fiscal Year 2020 Earnings BOSTON, Nov. 17, 2020 /PRNewswire/ --Eaton Vance Corp. (NYSE: EV) will release fourth fiscal quarter and fiscal year 2020 earnings at approximately 9:00 AM ET on Tuesday, November 24, 2020. The full earnings release and accompanying details illustrating key performance measures will be available on Eaton Vance's website, eatonvance.com, under "investor relations." Eaton Vance Corp. provides advanced investment strategies and wealth management solutions to forward-thinking investors around the world. Through principal investment affiliates Eaton Vance Management, Parametric, Atlanta Capital, Calvert and Hexavest, the Company offers a diversity of investment approaches, encompassing bottom-up and top-down fundamental active management, responsible investing, systematic investing and customized implementation of client-specified portfolio exposures. As of September 30, 2020, Eaton Vance had consolidated assets under management of $517.0 billion. Exemplary service, timely innovation and attractive returns across market cycles have been hallmarks of Eaton Vance since 1924. For more information, visit eatonvance.com. SOURCE Eaton Vance Corp. Related Links http://www.eatonvance.com
|
edtsum4419
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: MILFORD, Conn., Dec. 9, 2020 /PRNewswire/ --Today, Connecticut-based online auto parts retailer FCP Euro announced that they have surpassed $100 million in annual sales, a milestone achieved through 20 years of consistent revenue growth. As a company recognized in Inc. magazine's 5000 fastest-growing privately-owned companies for seven years, this milestone is a testament to the focus on customer service and the growth of the digital presence within the Automotive Aftermarket. FCP Euro's Milford, CT headquarters Originally a brick-and-mortar store established in Groton, Connecticut in 1986, FCP Euro has become a growing presence in the 400 billion dollar Automotive Aftermarket, a feat company leaders Scott Drozd (CEO) and Nick Bauer (President and Founder) see as another humbling achievement on their strategic path to continued success. "Hitting this milestone is a surreal moment for us," said Scott Drozd, CEO of FCP Euro. "Our focus has always been our employees, our customers, and our partnerships. Those relationships are the cornerstone of our success. We will continue to invest in unparalleled customer service anduser experience, which we're confident will fuel continued growth for the foreseeable future. " FCP Euro is on pace for $110 million in total 2020 parts sales, with a total workforce of 175 employees, up from 2019 totals of $72 million and 130 employees. The company expects continued momentum in the digital channel of the Automotive Aftermarket, which is experiencing 30% annual growth with a 2023 projection of $30 billion in annual sales. By 2025, FCP Euro anticipates achieving $500 million in annual revenue. FCP Euro is an online provider of OE, OEM, aftermarket, and genuine auto parts for European vehicles, with a focus on connecting their content directly with the automotive enthusiast community. Along with their e-commerce website, the company invests heavily into video and written content focused on helping DIY (do-it-yourself) automotive enthusiasts learn how to maintain and repair their vehicles. Through car shows, events, and an in-house professional motorsports team, FCP Euro fosters deep relationships within the community. For more information on FCP Euro and to learn about these and more offerings, you can visit https://www.fcpeuro.com/. About FCP Euro FCP Euro (www.fcpeuro.com)is a B2C online retailer of OE, OEM, aftermarket, and genuine parts for European cars. Launched online in 2001, FCP Euro expanded under the leadership of CEO Scott Drozd and President Nick Bauer. Drozd and Bauer further grew FCP Euro by developing a website that listed an online catalog of European car parts, kitted projects, and do-it-yourself instructions for customers. In 2019, FCP Euro expanded to over 100,000 square feet in Milford, CT, including a state-of-the-art distribution center, customer experience and community center, a professional motorsport garage, and an advanced walk-in retail shop with automated locker systems for local customers. SOURCE FCP Euro Related Links http://www.fcpeuro.com
Answer:
|
FCP Euro Surpasses $100 Million in Annual Sales Connecticut-based e-commerce retailer FCP Euro continues its rise from mom-and-pop shop to industry leader with recent sales milestone.
|
MILFORD, Conn., Dec. 9, 2020 /PRNewswire/ --Today, Connecticut-based online auto parts retailer FCP Euro announced that they have surpassed $100 million in annual sales, a milestone achieved through 20 years of consistent revenue growth. As a company recognized in Inc. magazine's 5000 fastest-growing privately-owned companies for seven years, this milestone is a testament to the focus on customer service and the growth of the digital presence within the Automotive Aftermarket. FCP Euro's Milford, CT headquarters Originally a brick-and-mortar store established in Groton, Connecticut in 1986, FCP Euro has become a growing presence in the 400 billion dollar Automotive Aftermarket, a feat company leaders Scott Drozd (CEO) and Nick Bauer (President and Founder) see as another humbling achievement on their strategic path to continued success. "Hitting this milestone is a surreal moment for us," said Scott Drozd, CEO of FCP Euro. "Our focus has always been our employees, our customers, and our partnerships. Those relationships are the cornerstone of our success. We will continue to invest in unparalleled customer service anduser experience, which we're confident will fuel continued growth for the foreseeable future. " FCP Euro is on pace for $110 million in total 2020 parts sales, with a total workforce of 175 employees, up from 2019 totals of $72 million and 130 employees. The company expects continued momentum in the digital channel of the Automotive Aftermarket, which is experiencing 30% annual growth with a 2023 projection of $30 billion in annual sales. By 2025, FCP Euro anticipates achieving $500 million in annual revenue. FCP Euro is an online provider of OE, OEM, aftermarket, and genuine auto parts for European vehicles, with a focus on connecting their content directly with the automotive enthusiast community. Along with their e-commerce website, the company invests heavily into video and written content focused on helping DIY (do-it-yourself) automotive enthusiasts learn how to maintain and repair their vehicles. Through car shows, events, and an in-house professional motorsports team, FCP Euro fosters deep relationships within the community. For more information on FCP Euro and to learn about these and more offerings, you can visit https://www.fcpeuro.com/. About FCP Euro FCP Euro (www.fcpeuro.com)is a B2C online retailer of OE, OEM, aftermarket, and genuine parts for European cars. Launched online in 2001, FCP Euro expanded under the leadership of CEO Scott Drozd and President Nick Bauer. Drozd and Bauer further grew FCP Euro by developing a website that listed an online catalog of European car parts, kitted projects, and do-it-yourself instructions for customers. In 2019, FCP Euro expanded to over 100,000 square feet in Milford, CT, including a state-of-the-art distribution center, customer experience and community center, a professional motorsport garage, and an advanced walk-in retail shop with automated locker systems for local customers. SOURCE FCP Euro Related Links http://www.fcpeuro.com
|
edtsum4430
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BOGOTA, Colombia, Dec. 7, 2020 /PRNewswire/ --Colombian President Ivan Duque, appearing today on an American Jewish Committee (AJC) Advocacy Anywhere program, declared that his country is "the number one ally" of Israel and the United States in Latin America. In a 30-minute conversation with Dina Siegel Vann, Director of AJC's Belfer Institute for Latino and Latin American Affairs (BILLA), President Duque discussed Colombia's relations with Israel and the United States, the Jewish community in Colombia, Hezbollah, and the crisis in Venezuela. "Colombia is the number one ally of Israel in Latin America, and the Caribbean," said Duque. "Colombia and Israel have a long history, a very strong relationship, and we have demonstrated in this administration that we want to make that relationship stronger." Colombia recently signed a free trade agreement with Israel, and soon will open an innovation office in Jerusalem. "We want to take the best lessons of the start-up nation so that Colombia can become the Silicon Valley of Latin America," said Duque. The president noted that Colombia shares with Israel, as well as the U.S., concerns about Hezbollah and other international terrorist groups. "Terrorism is a common enemy of humankind. Terrorism does not discriminate where it takes place. It can take place on the streets of Madrid or London. It can happen in Buenos Aires, Tel Aviv or Bogota," he said. "There is no difference between the FARC or the ELN (National Liberation Army), ISIS or Al Qaeda," said Duque. "They all are the same. We all need to combat frontally and with intelligence cooperation and operational cooperation how those groups are structured around the world. We have to dismantle them." Duque noted that most of Colombia's terrorist groups have been included in the EU and U.S. terror lists. "Colombia is applying the same lists that the EU and the United States use, and Hezbollah is on them," he said. "We will continue to make a call to other countries to adopt both lists," and designating Hezbollah a terrorist organization. Turning to relations with Washington, Duque said Colombia is "the number one ally of the United States in Latin America because we share values, we share common goals." "I certainly believe that the most important asset that has been built in the relationship between the U.S. and Colombia is that this relationship has been bipartisan and bicameral. No matter who is the president, the relationship, based on principles and common objectives, has been strengthened day after day, year after year, decade over decade." Duque reviewed highlights of the very positive and close relationship under Presidents Clinton, Bush, Obama, and Trump, and expressed optimism about the incoming Biden administration. "President-elect Biden is a close friend of Colombia, and there are many members of his team who know the transformation that Colombia has achieved," he said. Noting that Colombian society is a country of inclusion, the president expressed appreciation for the Jewish community's instrumental roles in key sectors, including medicine, industry, air and space, academia, and the arts. "Jewish participation in Colombia keeps on strengthening day by day," he said. Jewish holidays, like Chanukah, have "become part of our national tradition," he said. "The expression of religious liberty enriches a society by itself. When we celebrate, share those moments, we also are telling society that this is a country that is open for everyone, that this is a country that rejects hatred, segregation, or just any form of negative expression against another person." Duque said he has "always rejected antisemitism. I believe antisemitism is a mental illness, it constitutes a horrible form of expression." The president said constant education is important to ensure that "those sentiments will never, ever grow." The president did not mince words on the situation in neighboring Venezuela. "What we are seeing in Venezuela is the most brutal dictatorship in recent history. It can be compared to Milosevic, to Qadhafi, to Saddam Hussein," he said. "We cannot remain silent. We cannot be pure spectators." He called for increased international community pressure to end the Maduro dictatorship, create a transition government with broad representation, hold free elections, and commence a reconstruction process. "This is the moment where the world is going to be of value, of supporting the dream of the Venezuelan people to regain their liberty," he said. "I'm not going to throw in the towel," the president said. "I'm going to keep defending my principles day by day because we have received 2 million Venezuelan brothers and sisters that have come to Colombia looking for shelter, for support. We know that is costly and we know it demands a lot from us. But they do not have another alternative." AJC, the leading global Jewish advocacy organization, has maintained a close and collaborative relationship with Colombia and its Jewish community for decades. Comunidad Judia De Colombiais an AJC international partner. Duque is the third Latin American president to appear on the popular AJC Advocacy Anywhere online series, launched earlier this year. Argentine President Alberto Fernandez appeared in July, and Uruguay President Luis Lacalle Pou in May. Today's program with President Duque, in celebration ofAJC BILLA's 15th anniversary,was the culmination of the Institute's annual Strategic Forum for Leaders of Iberian American Jewish Communities. SOURCE American Jewish Committee Related Links http://www.ajc.org
Answer:
|
Colombian President Duque, On AJC Advocacy Anywhere, Extols Relations with Israel, United States USA - English USA - English
|
BOGOTA, Colombia, Dec. 7, 2020 /PRNewswire/ --Colombian President Ivan Duque, appearing today on an American Jewish Committee (AJC) Advocacy Anywhere program, declared that his country is "the number one ally" of Israel and the United States in Latin America. In a 30-minute conversation with Dina Siegel Vann, Director of AJC's Belfer Institute for Latino and Latin American Affairs (BILLA), President Duque discussed Colombia's relations with Israel and the United States, the Jewish community in Colombia, Hezbollah, and the crisis in Venezuela. "Colombia is the number one ally of Israel in Latin America, and the Caribbean," said Duque. "Colombia and Israel have a long history, a very strong relationship, and we have demonstrated in this administration that we want to make that relationship stronger." Colombia recently signed a free trade agreement with Israel, and soon will open an innovation office in Jerusalem. "We want to take the best lessons of the start-up nation so that Colombia can become the Silicon Valley of Latin America," said Duque. The president noted that Colombia shares with Israel, as well as the U.S., concerns about Hezbollah and other international terrorist groups. "Terrorism is a common enemy of humankind. Terrorism does not discriminate where it takes place. It can take place on the streets of Madrid or London. It can happen in Buenos Aires, Tel Aviv or Bogota," he said. "There is no difference between the FARC or the ELN (National Liberation Army), ISIS or Al Qaeda," said Duque. "They all are the same. We all need to combat frontally and with intelligence cooperation and operational cooperation how those groups are structured around the world. We have to dismantle them." Duque noted that most of Colombia's terrorist groups have been included in the EU and U.S. terror lists. "Colombia is applying the same lists that the EU and the United States use, and Hezbollah is on them," he said. "We will continue to make a call to other countries to adopt both lists," and designating Hezbollah a terrorist organization. Turning to relations with Washington, Duque said Colombia is "the number one ally of the United States in Latin America because we share values, we share common goals." "I certainly believe that the most important asset that has been built in the relationship between the U.S. and Colombia is that this relationship has been bipartisan and bicameral. No matter who is the president, the relationship, based on principles and common objectives, has been strengthened day after day, year after year, decade over decade." Duque reviewed highlights of the very positive and close relationship under Presidents Clinton, Bush, Obama, and Trump, and expressed optimism about the incoming Biden administration. "President-elect Biden is a close friend of Colombia, and there are many members of his team who know the transformation that Colombia has achieved," he said. Noting that Colombian society is a country of inclusion, the president expressed appreciation for the Jewish community's instrumental roles in key sectors, including medicine, industry, air and space, academia, and the arts. "Jewish participation in Colombia keeps on strengthening day by day," he said. Jewish holidays, like Chanukah, have "become part of our national tradition," he said. "The expression of religious liberty enriches a society by itself. When we celebrate, share those moments, we also are telling society that this is a country that is open for everyone, that this is a country that rejects hatred, segregation, or just any form of negative expression against another person." Duque said he has "always rejected antisemitism. I believe antisemitism is a mental illness, it constitutes a horrible form of expression." The president said constant education is important to ensure that "those sentiments will never, ever grow." The president did not mince words on the situation in neighboring Venezuela. "What we are seeing in Venezuela is the most brutal dictatorship in recent history. It can be compared to Milosevic, to Qadhafi, to Saddam Hussein," he said. "We cannot remain silent. We cannot be pure spectators." He called for increased international community pressure to end the Maduro dictatorship, create a transition government with broad representation, hold free elections, and commence a reconstruction process. "This is the moment where the world is going to be of value, of supporting the dream of the Venezuelan people to regain their liberty," he said. "I'm not going to throw in the towel," the president said. "I'm going to keep defending my principles day by day because we have received 2 million Venezuelan brothers and sisters that have come to Colombia looking for shelter, for support. We know that is costly and we know it demands a lot from us. But they do not have another alternative." AJC, the leading global Jewish advocacy organization, has maintained a close and collaborative relationship with Colombia and its Jewish community for decades. Comunidad Judia De Colombiais an AJC international partner. Duque is the third Latin American president to appear on the popular AJC Advocacy Anywhere online series, launched earlier this year. Argentine President Alberto Fernandez appeared in July, and Uruguay President Luis Lacalle Pou in May. Today's program with President Duque, in celebration ofAJC BILLA's 15th anniversary,was the culmination of the Institute's annual Strategic Forum for Leaders of Iberian American Jewish Communities. SOURCE American Jewish Committee Related Links http://www.ajc.org
|
edtsum4434
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, Aug. 11, 2020 /PRNewswire/ --Vocal IP, a leading provider of next-generation networking solutions, today announced that Vocal IP is deploying the latest generation of SD-WAN for enterprise and business customersolutions nationwide. Vocal IP, one of the fastest-growing, network-based providers of carrier-grade data and voice services, has been offering fully customized managed enterprise solutions to businesses for the last 15 years. As such, they are often asked to deploy the latest technology with proactive network management and around-the-clock technical support. SD-WAN is a new and revolutionary network technology that enables business and enterprise customers to create secure and reliable private data and voice networks over any type of broadband connection. Vocal IP's SD-WAN works by moving network management, security, administration and functionality to the cloud. Each site's SD-WAN router/firewall actively monitors and manages traffic and applications. SD-WAN provides real-time responses to both hard failures and degraded performance at all times. Vocal IP's SD-WAN solution is quick to deploy and can be cost-effective for the smallest locations as well as for the largest corporate locations. SD-WAN allows all available bandwidth to be aggregated and provides a dynamic connection to the cloud or to other locations. SD-WAN allows end-to-end WAN management, QoS and priority setting at the application and user level. SD-WAN also provides an easy-to-use management portal for users to view, manage and control their networks. Vocal IP's SD-WAN service is offered with six different network speed/throughput options, 50 Mbps, 100 Mbps, 250 Mbps, 500 Mbps, 1 Gbps and 2 Gbps. In addition, the service is available as SD-WAN only or combined with firewall and Unified Threat Management (UTM) functionality. "It is becoming critical for our customers to implement a quick-to-deploy and cost-effective wide area network solution that can adapt to the changing environment," said Eugene Laykhtman, CEO of Vocal IP. "The advantages of our new SD-WAN solution are unparalleled. Vocal IP is able to help businesses to implement a completely secure and reliable next-generation SD-WAN to help them improve their businesses." About Vocal IP Vocal IP, headquartered in New York City, is a nationwide provider of Data, Voice, Unified Communications (UCaaS) and Managed Video Surveillance services backed by our wholly owned next-generation network.We are a privately owned, financially stable company and experienced steady organic growth over the years. Vocal IP's services are backed by a reliable data and voice network with multi-access transport methods, highly experienced and certified engineering staff, efficient and responsive installation services and 24/7/365 technical support from our Network Operations Center (NOC). Vocal IP combines the strength of a best-in-breed, large-scale, national network of a major carrier with the service, expertise and customer focus of the most committed and knowledgeable IT consulting firm. For more information on Vocal IP and its product offerings, please contact: Eugene Kurochkin Email: [emailprotected] Phone: (646) 485-2553 Related Files Vocal IP SD-WAN Press Release draft1 8-3-2020.docx Related Images vocal-ip-logo.png Vocal IP Logo Vocal IP Logo SOURCE Vocal IP
Answer:
|
Vocal IP Announces Latest Next-Generation SD-WAN for Enterprise Markets
|
NEW YORK, Aug. 11, 2020 /PRNewswire/ --Vocal IP, a leading provider of next-generation networking solutions, today announced that Vocal IP is deploying the latest generation of SD-WAN for enterprise and business customersolutions nationwide. Vocal IP, one of the fastest-growing, network-based providers of carrier-grade data and voice services, has been offering fully customized managed enterprise solutions to businesses for the last 15 years. As such, they are often asked to deploy the latest technology with proactive network management and around-the-clock technical support. SD-WAN is a new and revolutionary network technology that enables business and enterprise customers to create secure and reliable private data and voice networks over any type of broadband connection. Vocal IP's SD-WAN works by moving network management, security, administration and functionality to the cloud. Each site's SD-WAN router/firewall actively monitors and manages traffic and applications. SD-WAN provides real-time responses to both hard failures and degraded performance at all times. Vocal IP's SD-WAN solution is quick to deploy and can be cost-effective for the smallest locations as well as for the largest corporate locations. SD-WAN allows all available bandwidth to be aggregated and provides a dynamic connection to the cloud or to other locations. SD-WAN allows end-to-end WAN management, QoS and priority setting at the application and user level. SD-WAN also provides an easy-to-use management portal for users to view, manage and control their networks. Vocal IP's SD-WAN service is offered with six different network speed/throughput options, 50 Mbps, 100 Mbps, 250 Mbps, 500 Mbps, 1 Gbps and 2 Gbps. In addition, the service is available as SD-WAN only or combined with firewall and Unified Threat Management (UTM) functionality. "It is becoming critical for our customers to implement a quick-to-deploy and cost-effective wide area network solution that can adapt to the changing environment," said Eugene Laykhtman, CEO of Vocal IP. "The advantages of our new SD-WAN solution are unparalleled. Vocal IP is able to help businesses to implement a completely secure and reliable next-generation SD-WAN to help them improve their businesses." About Vocal IP Vocal IP, headquartered in New York City, is a nationwide provider of Data, Voice, Unified Communications (UCaaS) and Managed Video Surveillance services backed by our wholly owned next-generation network.We are a privately owned, financially stable company and experienced steady organic growth over the years. Vocal IP's services are backed by a reliable data and voice network with multi-access transport methods, highly experienced and certified engineering staff, efficient and responsive installation services and 24/7/365 technical support from our Network Operations Center (NOC). Vocal IP combines the strength of a best-in-breed, large-scale, national network of a major carrier with the service, expertise and customer focus of the most committed and knowledgeable IT consulting firm. For more information on Vocal IP and its product offerings, please contact: Eugene Kurochkin Email: [emailprotected] Phone: (646) 485-2553 Related Files Vocal IP SD-WAN Press Release draft1 8-3-2020.docx Related Images vocal-ip-logo.png Vocal IP Logo Vocal IP Logo SOURCE Vocal IP
|
edtsum4435
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: PALO ALTO, Calif.--(BUSINESS WIRE)--Bill.com (NYSE: BILL), a leading provider of cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and midsize businesses (SMBs), today announced its participation at Susquehanna Financial Groups Payments on the Road Virtual Bus Tour event. A live webcast, as well as a replay, will be available on the Company's investor relations website at https://investor.bill.com. About Bill.com Bill.com is a leading provider of cloud-based software that simplifies, digitizes, and automates complex, back-office financial operations for small and midsize businesses. Customers use the Bill.com platform to manage end-to-end financial workflows and to process payments. The Bill.com AI-enabled, financial software platform creates connections between businesses and their suppliers and clients. It helps manage cash inflows and outflow. The company partners with several of the largest U.S. financial institutions, the majority of the top 100 U.S. accounting firms, and popular accounting software providers. Bill.com has offices in Palo Alto, California and Houston, Texas. For more information visit www.bill.com.
Answer:
|
Bill.com to Participate in Upcoming Virtual Investor Event
|
PALO ALTO, Calif.--(BUSINESS WIRE)--Bill.com (NYSE: BILL), a leading provider of cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and midsize businesses (SMBs), today announced its participation at Susquehanna Financial Groups Payments on the Road Virtual Bus Tour event. A live webcast, as well as a replay, will be available on the Company's investor relations website at https://investor.bill.com. About Bill.com Bill.com is a leading provider of cloud-based software that simplifies, digitizes, and automates complex, back-office financial operations for small and midsize businesses. Customers use the Bill.com platform to manage end-to-end financial workflows and to process payments. The Bill.com AI-enabled, financial software platform creates connections between businesses and their suppliers and clients. It helps manage cash inflows and outflow. The company partners with several of the largest U.S. financial institutions, the majority of the top 100 U.S. accounting firms, and popular accounting software providers. Bill.com has offices in Palo Alto, California and Houston, Texas. For more information visit www.bill.com.
|
edtsum4438
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: WALTHAM, Mass.--(BUSINESS WIRE)--PerkinElmer, Inc., a global leader committed to innovating for a healthier world, today announced that the Companys EONIS screening assay for newborns that simultaneously tests for SMA (spinal muscular atrophy), SCID (severe combined immunodeficiency) and XLA (X-linked agammaglobulinemia) has received CE-IVD approval. This IVD RT-PCR assay integrates into PerkinElmers entire newborn screening workflow to provide labs with a complete, single source solution encompassing everything from sample to solution. SMA is one of the most common lethal recessive genetic conditions and is associated with significant motor disability, respiratory issues and nutritional compromise. SCID, known more commonly as Bubble Boy disease, is a rare condition, caused by a severe defect in the immune system that makes it difficult or impossible to fight off infections. XLA, most common in males, is a rare genetic disorder that affects the body's ability to fight infection. All three diseases can be fatal if not detected at birth before symptoms appear, making early screening imperative to identify affected children so that the proper care can be conducted. The design of the EONIS assay enables automation with JANUS Liquid Handlers to further streamline the workflow of high-throughput laboratories without compromising the sample traceability from punch to result. The traceable dried blood spot workflow consists of five main elements to detect SMA, SCID and XLA: sample collection, punching, DNA extraction, amplification and data analysis utilizing dedicated analysis software. The global availability of this CE-marked assay for SMA, SCID and XLA will have a profound impact. It will help save lives and dramatically improve clinical outcomes for children by ensuring treatment can be given earlier to those who need it, said Petra Furu, GM, Reproductive Health, PerkinElmer. The integration of this assay with our complete workflow solution is a prime example of how PerkinElmer is providing laboratories with the innovative tools needed to run a reliable, and yet, cost-effective screening program. PerkinElmers comprehensive newborn screening portfolio includes tests for more than 50 conditions known to have positive outcomes when detection and diagnosis occur early with newborn screening. To learn more about PerkinElmers newborn screening platforms, please visit newbornscreening.perkinelmer.com. About PerkinElmer PerkinElmer enables scientists, researchers, and clinicians to address their most critical challenges across science and healthcare. With a mission focused on innovating for a healthier world, we deliver unique solutions to serve the diagnostics, life sciences, food, and applied markets. We strategically partner with customers to enable earlier and more accurate insights supported by deep market knowledge and technical expertise. Our dedicated team of about 13,000 employees worldwide is passionate about helping customers work to create healthier families, improve the quality of life, and sustain the wellbeing and longevity of people globally. The Company reported revenue of approximately $2.9 billion in 2019, serves customers in 190 countries, and is a component of the S&P 500 index. Additional information is available through 1-877-PKI-NYSE, or at www.perkinelmer.com.
Answer:
|
PerkinElmer EONIS Screening Test Receives CE-IVD Clearance RT-PCR Newborn Screening Assay for SMA, SCID and XLA to be Integrated into Companys Sample-to-Result Workflow
|
WALTHAM, Mass.--(BUSINESS WIRE)--PerkinElmer, Inc., a global leader committed to innovating for a healthier world, today announced that the Companys EONIS screening assay for newborns that simultaneously tests for SMA (spinal muscular atrophy), SCID (severe combined immunodeficiency) and XLA (X-linked agammaglobulinemia) has received CE-IVD approval. This IVD RT-PCR assay integrates into PerkinElmers entire newborn screening workflow to provide labs with a complete, single source solution encompassing everything from sample to solution. SMA is one of the most common lethal recessive genetic conditions and is associated with significant motor disability, respiratory issues and nutritional compromise. SCID, known more commonly as Bubble Boy disease, is a rare condition, caused by a severe defect in the immune system that makes it difficult or impossible to fight off infections. XLA, most common in males, is a rare genetic disorder that affects the body's ability to fight infection. All three diseases can be fatal if not detected at birth before symptoms appear, making early screening imperative to identify affected children so that the proper care can be conducted. The design of the EONIS assay enables automation with JANUS Liquid Handlers to further streamline the workflow of high-throughput laboratories without compromising the sample traceability from punch to result. The traceable dried blood spot workflow consists of five main elements to detect SMA, SCID and XLA: sample collection, punching, DNA extraction, amplification and data analysis utilizing dedicated analysis software. The global availability of this CE-marked assay for SMA, SCID and XLA will have a profound impact. It will help save lives and dramatically improve clinical outcomes for children by ensuring treatment can be given earlier to those who need it, said Petra Furu, GM, Reproductive Health, PerkinElmer. The integration of this assay with our complete workflow solution is a prime example of how PerkinElmer is providing laboratories with the innovative tools needed to run a reliable, and yet, cost-effective screening program. PerkinElmers comprehensive newborn screening portfolio includes tests for more than 50 conditions known to have positive outcomes when detection and diagnosis occur early with newborn screening. To learn more about PerkinElmers newborn screening platforms, please visit newbornscreening.perkinelmer.com. About PerkinElmer PerkinElmer enables scientists, researchers, and clinicians to address their most critical challenges across science and healthcare. With a mission focused on innovating for a healthier world, we deliver unique solutions to serve the diagnostics, life sciences, food, and applied markets. We strategically partner with customers to enable earlier and more accurate insights supported by deep market knowledge and technical expertise. Our dedicated team of about 13,000 employees worldwide is passionate about helping customers work to create healthier families, improve the quality of life, and sustain the wellbeing and longevity of people globally. The Company reported revenue of approximately $2.9 billion in 2019, serves customers in 190 countries, and is a component of the S&P 500 index. Additional information is available through 1-877-PKI-NYSE, or at www.perkinelmer.com.
|
edtsum4439
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SEATTLE, May 21, 2020 /PRNewswire/ -- The brave men and women who have sacrificed their well-being in service to our country deserve access to all treatments that could potentially help them manage the often-severe medical consequences of combat. Continue Reading Buddys Cannabis The severity of war-related injuries both mental and physical continues to threaten veterans across the country. According to theU.S. Department of Veterans Affairs (VA), nearly 20 percent of the 2.7 million Iraq and Afghanistan veterans will experience either post-traumatic stress disorder or depression. Andnearly 60 percentreturning from the Middle East are living with some form of chronic pain. The Invictus Foundation is continually exploring ways to continue to expand access to crucial treatment options and programs that assist veterans who are struggling with post-war illnesses. This includes making medical cannabis available to veterans and the well-being it can provide to them, states Peter J. Whalen, CEO of the Invictus Foundation. Buddy's is a multiple award-winning recreational and medical cannabis retail dispensary located in Renton, WA since 2006. Buddy's ownership, management and dedicated staff is committed to serving the community and has created a monthly program which generates a substantial contribution to the Invictus Foundation and the needs of veterans. The use of medical cannabis iswidely supported among veterans, with 83 percent supporting access to medical cannabis, and 89 percent saying they would pursue the option if it was made available to them.Since VA physicians cannot recommend or advise patients to use medical cannabis so long as cannabis remains federally illegal, VA medical professionals will continue to offer prescription drugs that can have addictive and long-lasting side effects. Many veterans struggling with chronic pain are likely to beprescribed opioid-based painkillers, which have devastated communities across the country in recent years.As a result, the harmful effects of opioids have disproportionately impacted veterans, as evidenced by the National Institute of Health (NIH), which found that veterans are twice as likely to die fromaccidental opioid overdosesthan civilians. Research has found that certain states that have legalized access to cannabis ultimatelyreduced opioid deathsby nearly 20 percent.To achieve our goal of expanding access and availability of medical grade cannabis to our military-related PTSD population the Invictus Foundation is partnering with Buddy's Cannabis in Renton. We believe Buddy's retail footprint in the Seattle metropolis will provide veterans suffering from military-related PTSD expanded access to effective and reliable medical grade cannabis treatments for post-war conditions.The Invictus Foundation's long term goal is to form alliances with the CannaBusiness Associations in every state where the use of cannabis has been legalized. We will partner with these CannaBusiness Associations to improve access, availability, training and education around the utilization of cannabis for the treatment of military-related PTSD. Media Contact:Peter J Whalen [emailprotected] 425-228-0419SOURCE Invictus Foundation
Answer:
|
Buddy's Cannabis Teams With Invictus Foundation to Offer Medicinal Cannabis Therapies for Military-Related PTSD
|
SEATTLE, May 21, 2020 /PRNewswire/ -- The brave men and women who have sacrificed their well-being in service to our country deserve access to all treatments that could potentially help them manage the often-severe medical consequences of combat. Continue Reading Buddys Cannabis The severity of war-related injuries both mental and physical continues to threaten veterans across the country. According to theU.S. Department of Veterans Affairs (VA), nearly 20 percent of the 2.7 million Iraq and Afghanistan veterans will experience either post-traumatic stress disorder or depression. Andnearly 60 percentreturning from the Middle East are living with some form of chronic pain. The Invictus Foundation is continually exploring ways to continue to expand access to crucial treatment options and programs that assist veterans who are struggling with post-war illnesses. This includes making medical cannabis available to veterans and the well-being it can provide to them, states Peter J. Whalen, CEO of the Invictus Foundation. Buddy's is a multiple award-winning recreational and medical cannabis retail dispensary located in Renton, WA since 2006. Buddy's ownership, management and dedicated staff is committed to serving the community and has created a monthly program which generates a substantial contribution to the Invictus Foundation and the needs of veterans. The use of medical cannabis iswidely supported among veterans, with 83 percent supporting access to medical cannabis, and 89 percent saying they would pursue the option if it was made available to them.Since VA physicians cannot recommend or advise patients to use medical cannabis so long as cannabis remains federally illegal, VA medical professionals will continue to offer prescription drugs that can have addictive and long-lasting side effects. Many veterans struggling with chronic pain are likely to beprescribed opioid-based painkillers, which have devastated communities across the country in recent years.As a result, the harmful effects of opioids have disproportionately impacted veterans, as evidenced by the National Institute of Health (NIH), which found that veterans are twice as likely to die fromaccidental opioid overdosesthan civilians. Research has found that certain states that have legalized access to cannabis ultimatelyreduced opioid deathsby nearly 20 percent.To achieve our goal of expanding access and availability of medical grade cannabis to our military-related PTSD population the Invictus Foundation is partnering with Buddy's Cannabis in Renton. We believe Buddy's retail footprint in the Seattle metropolis will provide veterans suffering from military-related PTSD expanded access to effective and reliable medical grade cannabis treatments for post-war conditions.The Invictus Foundation's long term goal is to form alliances with the CannaBusiness Associations in every state where the use of cannabis has been legalized. We will partner with these CannaBusiness Associations to improve access, availability, training and education around the utilization of cannabis for the treatment of military-related PTSD. Media Contact:Peter J Whalen [emailprotected] 425-228-0419SOURCE Invictus Foundation
|
edtsum4440
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BETHESDA, Md., Dec. 22, 2020 /PRNewswire/ -- Healthcare Services Acquisition Corporation (the "Company") today announced the pricing of its upsized initial public offering of 28,800,000 units at a price of $10.00 per unit. The units are expected to be listed for trading on The Nasdaq Capital Market ("Nasdaq") under the ticker symbol "HCARU" beginning December 23, 2020. Each unit consists of one share of the Company's Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. The Company is led by David T. Blair, its Chief Executive Officer, Martin J. Payne, its President, Joshua B. Lynn, its Chief Financial Officer, and Tao Tan, its Chief Operating Officer. Once the securities comprising the units begin separate trading, the Company expects that its Class A common stock and warrants will be listed on Nasdaq under the symbols "HCAR" and "HCARW," respectively. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Although the Company's efforts to identify a prospective business combination opportunity will not be limited to a particular industry, it intends to focus on the industries that complement its management team's background and to capitalize on their demonstrated ability to identify and acquire businesses focusing on healthcare services and related industries in the United States. B. Riley Securities, Inc. is acting as sole book-running manager. The Company has granted the underwriter a 45-day option to purchase up to 4,320,000 additional units at the initial public offering price to cover over-allotments, if any. The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from B. Riley Securities, Inc., at 1300 17th Street N., Suite 1400, Attn: Syndicate Prospectus Department, Arlington, Virginia 22209, by telephone at (800) 846-5050 or by email at [emailprotected]. A registration statement relating to the securities became effective on December 22, 2020. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is expected to close on December 28, 2020, subject to customary closing conditions. Forward-Looking Statements This press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering and the Company's plans with respect to the target industry for a potential business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the Company will ultimately complete a business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the Company's offering filed with the U.S. Securities and Exchange Commission (the "SEC"). Copies of these documents are available on the SEC's website, at www.sec.gov.The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Contact:Jackie Tilden[emailprotected](214) 914-7652 SOURCE Healthcare Services Acquisition Corporation
Answer:
|
Healthcare Services Acquisition Corporation Announces Pricing of Upsized $288 Million Initial Public Offering
|
BETHESDA, Md., Dec. 22, 2020 /PRNewswire/ -- Healthcare Services Acquisition Corporation (the "Company") today announced the pricing of its upsized initial public offering of 28,800,000 units at a price of $10.00 per unit. The units are expected to be listed for trading on The Nasdaq Capital Market ("Nasdaq") under the ticker symbol "HCARU" beginning December 23, 2020. Each unit consists of one share of the Company's Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. The Company is led by David T. Blair, its Chief Executive Officer, Martin J. Payne, its President, Joshua B. Lynn, its Chief Financial Officer, and Tao Tan, its Chief Operating Officer. Once the securities comprising the units begin separate trading, the Company expects that its Class A common stock and warrants will be listed on Nasdaq under the symbols "HCAR" and "HCARW," respectively. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Although the Company's efforts to identify a prospective business combination opportunity will not be limited to a particular industry, it intends to focus on the industries that complement its management team's background and to capitalize on their demonstrated ability to identify and acquire businesses focusing on healthcare services and related industries in the United States. B. Riley Securities, Inc. is acting as sole book-running manager. The Company has granted the underwriter a 45-day option to purchase up to 4,320,000 additional units at the initial public offering price to cover over-allotments, if any. The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from B. Riley Securities, Inc., at 1300 17th Street N., Suite 1400, Attn: Syndicate Prospectus Department, Arlington, Virginia 22209, by telephone at (800) 846-5050 or by email at [emailprotected]. A registration statement relating to the securities became effective on December 22, 2020. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is expected to close on December 28, 2020, subject to customary closing conditions. Forward-Looking Statements This press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering and the Company's plans with respect to the target industry for a potential business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the Company will ultimately complete a business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the Company's offering filed with the U.S. Securities and Exchange Commission (the "SEC"). Copies of these documents are available on the SEC's website, at www.sec.gov.The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Contact:Jackie Tilden[emailprotected](214) 914-7652 SOURCE Healthcare Services Acquisition Corporation
|
edtsum4447
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: WASHINGTON, Jan. 26, 2021 /PRNewswire/ --Soon after his inauguration, U.S. President Biden signed a number of executive orders and bills to bring the United States back to a position of world leadership. The two U.S. congressmen who championed the "Prohibition on slaughter of dogs and cats for human consumption" legislation in 2018 shared their expectations with the World Dog Alliance for the Biden administration to initiate the International Agreement to Prohibit the Eating of Dogs and Cats. Continue Reading World Dog Alliance U.S Congressman Alcee Hastings, a leading figure in the "Prohibition on slaughter of dogs and cats for human consumption" legislation, has proposed many bills and resolutions condemning the consumption of dog and cat meat. In September 2019, Genlin, the founder of the World Dog Alliance, presented the Golden Dog Award to Congressman Hastings in recognition of his contribution to animal welfare. Congressman Hastings spoke highly of the World Dog Alliance's efforts in China and Japan. He was particularly encouraged by the Chinese city of Shenzhen passing legislation to ban the consumption of dogs and cats: "Shenzhen becoming the first Chinese city to outlaw the dog and cat meat trade is an important step in the right direction, especially since Shenzhen has historically been a city to pilot reforms that are later implemented by all of China. As I have done throughout my career, I urge China and all countries with similar practices to initiate a ban on the dog and cat meat trade." U.S Congressman Rodney Davis, another recipient of the Golden Dog Award, is a known dog lover and an advocate for banning the consumption of dog and cat meat. He believes it was a crucial first step when 34 Japanese congressmen jointly signed a letter urging Prime Minister Suga Yoshihide to initiate the International Agreement to Prohibit the Eating of Dogs and Cat, and said: "I am glad to see other global leaders engaging more on this issue and working toward ending the human consumption of dog and cat meat.""I hope that this International Agreement is prioritized by the Biden Administration and am optimistic that this can be a topic of negotiations in future trade agreements as we seek to enhance trade relations with other countries,"said Congressman Davis.In February 2020, Congressman Hastings and Davis along with 30 other congressmen from both the Democratic and Republican Parties jointly signed a letter to former President Trump calling on him to support the International Agreement to Prohibit the Eating of Dogs and Cats advocated by the World Dog Alliance. The letter received a handwritten reply by Sonny Perdue, the former United States Secretary of Agriculture, which expressed the government's full support to promote the signing of the International Agreement by the United States, China, and Japan."It is critical that other countries work together to raise awareness of this issue and garner public support around ending the consumption of dog and cat meat."U.S. Congressman Rodney Davis"The World Dog Alliance has my full support in their efforts to urge governments in the U.S., China, and Japan to sign onto the International Agreement and I join them in these efforts."U.S. Congressman Alcee HastingsGenlin has faith in the Biden Administration, "President Biden has promised to bring the United States back to the Paris Agreement; he has also stated that he would restore the tradition of the White House's 'first pet', which demonstrates his care for animals, the environment, and international cooperation. I hope he will introduce the International Agreement to Prohibit the Eating of Dogs and Cats when discussing the Paris Agreement with leaders of other countries, so the world can work together to improve animal and environmental protection."Related Imagesinternational-agreement.png International Agreement SOURCE World Dog Alliance
Answer:
|
World Dog Alliance: US Lawmakers Support International Agreement to Prohibit the Eating of Dogs and Cats
|
WASHINGTON, Jan. 26, 2021 /PRNewswire/ --Soon after his inauguration, U.S. President Biden signed a number of executive orders and bills to bring the United States back to a position of world leadership. The two U.S. congressmen who championed the "Prohibition on slaughter of dogs and cats for human consumption" legislation in 2018 shared their expectations with the World Dog Alliance for the Biden administration to initiate the International Agreement to Prohibit the Eating of Dogs and Cats. Continue Reading World Dog Alliance U.S Congressman Alcee Hastings, a leading figure in the "Prohibition on slaughter of dogs and cats for human consumption" legislation, has proposed many bills and resolutions condemning the consumption of dog and cat meat. In September 2019, Genlin, the founder of the World Dog Alliance, presented the Golden Dog Award to Congressman Hastings in recognition of his contribution to animal welfare. Congressman Hastings spoke highly of the World Dog Alliance's efforts in China and Japan. He was particularly encouraged by the Chinese city of Shenzhen passing legislation to ban the consumption of dogs and cats: "Shenzhen becoming the first Chinese city to outlaw the dog and cat meat trade is an important step in the right direction, especially since Shenzhen has historically been a city to pilot reforms that are later implemented by all of China. As I have done throughout my career, I urge China and all countries with similar practices to initiate a ban on the dog and cat meat trade." U.S Congressman Rodney Davis, another recipient of the Golden Dog Award, is a known dog lover and an advocate for banning the consumption of dog and cat meat. He believes it was a crucial first step when 34 Japanese congressmen jointly signed a letter urging Prime Minister Suga Yoshihide to initiate the International Agreement to Prohibit the Eating of Dogs and Cat, and said: "I am glad to see other global leaders engaging more on this issue and working toward ending the human consumption of dog and cat meat.""I hope that this International Agreement is prioritized by the Biden Administration and am optimistic that this can be a topic of negotiations in future trade agreements as we seek to enhance trade relations with other countries,"said Congressman Davis.In February 2020, Congressman Hastings and Davis along with 30 other congressmen from both the Democratic and Republican Parties jointly signed a letter to former President Trump calling on him to support the International Agreement to Prohibit the Eating of Dogs and Cats advocated by the World Dog Alliance. The letter received a handwritten reply by Sonny Perdue, the former United States Secretary of Agriculture, which expressed the government's full support to promote the signing of the International Agreement by the United States, China, and Japan."It is critical that other countries work together to raise awareness of this issue and garner public support around ending the consumption of dog and cat meat."U.S. Congressman Rodney Davis"The World Dog Alliance has my full support in their efforts to urge governments in the U.S., China, and Japan to sign onto the International Agreement and I join them in these efforts."U.S. Congressman Alcee HastingsGenlin has faith in the Biden Administration, "President Biden has promised to bring the United States back to the Paris Agreement; he has also stated that he would restore the tradition of the White House's 'first pet', which demonstrates his care for animals, the environment, and international cooperation. I hope he will introduce the International Agreement to Prohibit the Eating of Dogs and Cats when discussing the Paris Agreement with leaders of other countries, so the world can work together to improve animal and environmental protection."Related Imagesinternational-agreement.png International Agreement SOURCE World Dog Alliance
|
edtsum4454
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SAN FRANCISCO--(BUSINESS WIRE)--Reliable Robotics, a leader in autonomous aircraft system development, joins an elite list of contenders for the 2020 Robert J. Collier Trophy for the greatest achievements in aeronautics or astronautics in America, with respect to improving the performance, efficiency, and safety of air or space vehicles." Established in 1910, the annual award has recognized individuals, projects, programs and achievements such as Orville Wright, Howard Hughes, crews of Apollo 11 and Apollo 8, and the International Space Station team. Reliable Robotics was selected as a finalist for accomplishments this past year that are both technically and commercially significant with broad impact on the future of aviation. The automated landing of a Cessna 208 Caravan was performed on the third day of flight testing, nine months after their first remote-piloted flight of an unmanned Cessna 172 Skyhawk. This milestone demonstrated an approach to autonomy that is universal and can be ported to other aircraft types. Within two months, the company also completed a 200-mile proof of concept flight from farm to store with fresh food distributor, the Giumarra Companies. This test validated how expedited delivery of cold-chain, perishables can improve supply chain logistics. Reliable Robotics has designed, developed, simulated, integrated and demonstrated technologies that enable safe, remotely piloted cargo and passenger aircraft to coexist with others in the National Airspace System. The company is working towards certification of its systems for commercial use. We are honored to be recognized by the Collier Trophy Selection Committee amongst highly esteemed industry colleagues as a finalist for this award, said Robert Rose, Co-founder and CEO of Reliable Robotics. In addition to the Reliable Robotics Remotely Operated Aircraft System (ROAS), finalists include the following aviation and space accomplishments: Bell V-280 Valor, Boeing Confident Travel Initiative, Garmin Autoland, SpaceX Falcon 9 and Dragon 2, U.S. Department of the Air Force Green Propellant Infusion Mission Team and Yates Electrospace Corporations Silent Arrow. The Collier Trophy 2020 Award winner will be announced later this year by the National Aeronautic Association. About Reliable Robotics Corporation Launched by SpaceX and Tesla veterans, Reliable Robotics is revolutionizing commercial aviation with its autonomous flight technology. Their accomplishments were recently selected as a Collier Trophy finalist for 2020s greatest achievements in aeronautics or astronautics in the United States. The companys systems will enable a future where air transportation is safer, more convenient, more affordable, and transformative to the way goods, and eventually people, travel around the planet. Please visit https://reliable.co for more information. Reliable Robotics Corporation and its respective logos are trademarks, registered trademarks, or service marks of the company. Other products and company names mentioned are the trademarks of their respective owners.
Answer:
|
Reliable Robotics Named a Finalist for Prestigious Collier Trophy Award Transforming how aircraft can be flown in the future with remotely piloted systems
|
SAN FRANCISCO--(BUSINESS WIRE)--Reliable Robotics, a leader in autonomous aircraft system development, joins an elite list of contenders for the 2020 Robert J. Collier Trophy for the greatest achievements in aeronautics or astronautics in America, with respect to improving the performance, efficiency, and safety of air or space vehicles." Established in 1910, the annual award has recognized individuals, projects, programs and achievements such as Orville Wright, Howard Hughes, crews of Apollo 11 and Apollo 8, and the International Space Station team. Reliable Robotics was selected as a finalist for accomplishments this past year that are both technically and commercially significant with broad impact on the future of aviation. The automated landing of a Cessna 208 Caravan was performed on the third day of flight testing, nine months after their first remote-piloted flight of an unmanned Cessna 172 Skyhawk. This milestone demonstrated an approach to autonomy that is universal and can be ported to other aircraft types. Within two months, the company also completed a 200-mile proof of concept flight from farm to store with fresh food distributor, the Giumarra Companies. This test validated how expedited delivery of cold-chain, perishables can improve supply chain logistics. Reliable Robotics has designed, developed, simulated, integrated and demonstrated technologies that enable safe, remotely piloted cargo and passenger aircraft to coexist with others in the National Airspace System. The company is working towards certification of its systems for commercial use. We are honored to be recognized by the Collier Trophy Selection Committee amongst highly esteemed industry colleagues as a finalist for this award, said Robert Rose, Co-founder and CEO of Reliable Robotics. In addition to the Reliable Robotics Remotely Operated Aircraft System (ROAS), finalists include the following aviation and space accomplishments: Bell V-280 Valor, Boeing Confident Travel Initiative, Garmin Autoland, SpaceX Falcon 9 and Dragon 2, U.S. Department of the Air Force Green Propellant Infusion Mission Team and Yates Electrospace Corporations Silent Arrow. The Collier Trophy 2020 Award winner will be announced later this year by the National Aeronautic Association. About Reliable Robotics Corporation Launched by SpaceX and Tesla veterans, Reliable Robotics is revolutionizing commercial aviation with its autonomous flight technology. Their accomplishments were recently selected as a Collier Trophy finalist for 2020s greatest achievements in aeronautics or astronautics in the United States. The companys systems will enable a future where air transportation is safer, more convenient, more affordable, and transformative to the way goods, and eventually people, travel around the planet. Please visit https://reliable.co for more information. Reliable Robotics Corporation and its respective logos are trademarks, registered trademarks, or service marks of the company. Other products and company names mentioned are the trademarks of their respective owners.
|
edtsum4455
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DANBURY, Conn. & RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--IQVIA Holdings Inc. (IQVIA) (NYSE:IQV) today announced that its wholly owned subsidiary, IQVIA Inc. (the Issuer), priced an offering of 1,450,000,000 in aggregate principal amount of senior notes, consisting of 550,000,000 in aggregate principal amount of senior notes due 2026 (the 2026 Notes) and 900,000,000 in aggregate principal amount of senior notes due 2029 (the 2029 Notes and, together with the 2026 Notes, the Notes). The proceeds from the Notes offering will be used to redeem all of the Issuers outstanding 3.250% senior notes due 2025, including the payment of premiums in respect thereof, and to pay fees and expenses related to the Notes offering. The 2026 Notes will bear interest at a rate of 1.750% per annum and will pay interest semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15, 2021. The 2026 Notes will mature on March 15, 2026, unless earlier repurchased or redeemed in accordance with their terms. The 2029 Notes will bear interest at a rate of 2.250% per annum and will pay interest semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15, 2021. The 2029 Notes will mature on March 15, 2029, unless earlier repurchased or redeemed in accordance with their terms. The issuance of the Notes is expected to occur on or about March 3, 2021, subject to the satisfaction of customary closing conditions. Certain statements in this press release are forward-looking statements. These statements involve a number of risks, uncertainties and other factors, including the failure to consummate the Notes offering and potential changes in market conditions that could cause actual results to differ materially. This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any offer, solicitation or sale of the Notes in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful. The Notes to be offered have not been, and will not be, registered under the Securities Act of 1933, as amended (the Securities Act), or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in the United States in reliance on Rule 144A under the Securities Act and outside the United States only to non-U.S. investors pursuant to Regulation S under the Securities Act. Any offer of the Notes will be made only by means of a private offering memorandum. About IQVIA IQVIA (NYSE:IQV) is a leading global provider of advanced analytics, technology solutions, and clinical research services to the life sciences industry. IQVIA creates intelligent connections across all aspects of healthcare through its analytics, transformative technology, big data resources and extensive domain expertise. IQVIA Connected Intelligence delivers powerful insights with speed and agility enabling customers to accelerate the clinical development and commercialization of innovative medical treatments that improve healthcare outcomes for patients. With approximately 70,000 employees, IQVIA conducts operations in more than 100 countries. IQVIA is a global leader in protecting individual patient privacy. The company uses a wide variety of privacy-enhancing technologies and safeguards to protect individual privacy while generating and analyzing information on a scale that helps healthcare stakeholders identify disease patterns and correlate with the precise treatment path and therapy needed for better outcomes. IQVIAs insights and execution capabilities help biotech, medical device and pharmaceutical companies, medical researchers, government agencies, payers and other healthcare stakeholders tap into a deeper understanding of diseases, human behaviors and scientific advances, in an effort to advance their path toward cures. IQVIAFIN
Answer:
|
IQVIA Announces Pricing of Offering of Senior Notes
|
DANBURY, Conn. & RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--IQVIA Holdings Inc. (IQVIA) (NYSE:IQV) today announced that its wholly owned subsidiary, IQVIA Inc. (the Issuer), priced an offering of 1,450,000,000 in aggregate principal amount of senior notes, consisting of 550,000,000 in aggregate principal amount of senior notes due 2026 (the 2026 Notes) and 900,000,000 in aggregate principal amount of senior notes due 2029 (the 2029 Notes and, together with the 2026 Notes, the Notes). The proceeds from the Notes offering will be used to redeem all of the Issuers outstanding 3.250% senior notes due 2025, including the payment of premiums in respect thereof, and to pay fees and expenses related to the Notes offering. The 2026 Notes will bear interest at a rate of 1.750% per annum and will pay interest semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15, 2021. The 2026 Notes will mature on March 15, 2026, unless earlier repurchased or redeemed in accordance with their terms. The 2029 Notes will bear interest at a rate of 2.250% per annum and will pay interest semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15, 2021. The 2029 Notes will mature on March 15, 2029, unless earlier repurchased or redeemed in accordance with their terms. The issuance of the Notes is expected to occur on or about March 3, 2021, subject to the satisfaction of customary closing conditions. Certain statements in this press release are forward-looking statements. These statements involve a number of risks, uncertainties and other factors, including the failure to consummate the Notes offering and potential changes in market conditions that could cause actual results to differ materially. This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any offer, solicitation or sale of the Notes in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful. The Notes to be offered have not been, and will not be, registered under the Securities Act of 1933, as amended (the Securities Act), or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in the United States in reliance on Rule 144A under the Securities Act and outside the United States only to non-U.S. investors pursuant to Regulation S under the Securities Act. Any offer of the Notes will be made only by means of a private offering memorandum. About IQVIA IQVIA (NYSE:IQV) is a leading global provider of advanced analytics, technology solutions, and clinical research services to the life sciences industry. IQVIA creates intelligent connections across all aspects of healthcare through its analytics, transformative technology, big data resources and extensive domain expertise. IQVIA Connected Intelligence delivers powerful insights with speed and agility enabling customers to accelerate the clinical development and commercialization of innovative medical treatments that improve healthcare outcomes for patients. With approximately 70,000 employees, IQVIA conducts operations in more than 100 countries. IQVIA is a global leader in protecting individual patient privacy. The company uses a wide variety of privacy-enhancing technologies and safeguards to protect individual privacy while generating and analyzing information on a scale that helps healthcare stakeholders identify disease patterns and correlate with the precise treatment path and therapy needed for better outcomes. IQVIAs insights and execution capabilities help biotech, medical device and pharmaceutical companies, medical researchers, government agencies, payers and other healthcare stakeholders tap into a deeper understanding of diseases, human behaviors and scientific advances, in an effort to advance their path toward cures. IQVIAFIN
|
edtsum4458
|
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: HALIFAX, Nova Scotia--(BUSINESS WIRE)--Appili Therapeutics Inc. (TSX: APLI; OTCQX: APLIF) (the Company or Appili), a biopharmaceutical company developing anti-infective drug candidates, today announced additional details on its webinar series examining major trends in the global infectious disease landscape. The first event, scheduled for March 3 at 1:00 p.m. ET, will feature Dr. Scott Gottlieb, Dr. Syra Madad, and Dr. Josh Schimmer. The panel will discuss the need for investing in an arsenal of treatments, preventatives, and public health policies as part of pandemic response planning. Speakers will also discuss the current state of the pandemic response, what may happen next, and what is required to fully address both COVID-19, as well as potential future infectious outbreaks. The live webcast will include a Q&A session. Appili plans to announce future events and speakers in the series throughout the year. What: In-Dialogue with Covid-19 Thought Leaders: A Fireside Chat on Our Response to COVID-19 Who: Speakers include: When: Wednesday March 3, 2021 at 1:00 p.m. ET Where: Online to register to attend and for more information, please click this link or paste the following URL into your browser: https://www.webcaster4.com/Webcast/Page/2634/40101 Sponsored by: Appili Therapeutics along with support from Bloom Burton & Co, a leading Canadian healthcare-focused investment bank, and Dentons LLP, a multinational law firm. Note attendance is free and open to the public with advanced registration required. Speaker biographies and headshots are available upon request. About Appili Therapeutics Appili Therapeutics is an infectious disease biopharmaceutical company that is purposefully built, portfolio-driven, and people-focused to fulfill its mission of solving life-threatening infections. By systematically identifying urgent infections with unmet needs, Appilis goal is to strategically develop a pipeline of novel therapies to prevent deaths and improve lives. As part of a global consortium, Appili is sponsoring late-stage clinical trials evaluating the antiviral Avigan / REEQONUSTM (favipiravir) for the worldwide treatment and prevention of COVID-19. The Company is also advancing a diverse range of anti-infectives, including a broad-spectrum antifungal, a vaccine candidate to eliminate a serious biological weapon threat, and two novel antibiotic programs. Led by a proven management team, Appili is at the epicenter of the global fight against infection. For more information, visit www.AppiliTherapeutics.com. The Company is not making any express or implied claims that its product candidate has the ability to eliminate, cure or contain the COVID-19 (or SARS-2 coronavirus) at this time.
Answer:
|
Appili Therapeutics to Host Drs. Scott Gottlieb and Syra Madad in Virtual Fireside Chat Discussing COVID-19: What Weve Learned About Pandemic Responses, and Where We Go From Here Biotech Equity Analyst Dr. Josh Schimmer and Appili CEO Dr. Armand Balboni complete the panel, which will analyze how COVID-19 shaped pandemic preparedness, and how the world can apply lessons learned in the post-COVID era. Event time updated to 1pm ET on Wednesday, March 3
|
HALIFAX, Nova Scotia--(BUSINESS WIRE)--Appili Therapeutics Inc. (TSX: APLI; OTCQX: APLIF) (the Company or Appili), a biopharmaceutical company developing anti-infective drug candidates, today announced additional details on its webinar series examining major trends in the global infectious disease landscape. The first event, scheduled for March 3 at 1:00 p.m. ET, will feature Dr. Scott Gottlieb, Dr. Syra Madad, and Dr. Josh Schimmer. The panel will discuss the need for investing in an arsenal of treatments, preventatives, and public health policies as part of pandemic response planning. Speakers will also discuss the current state of the pandemic response, what may happen next, and what is required to fully address both COVID-19, as well as potential future infectious outbreaks. The live webcast will include a Q&A session. Appili plans to announce future events and speakers in the series throughout the year. What: In-Dialogue with Covid-19 Thought Leaders: A Fireside Chat on Our Response to COVID-19 Who: Speakers include: When: Wednesday March 3, 2021 at 1:00 p.m. ET Where: Online to register to attend and for more information, please click this link or paste the following URL into your browser: https://www.webcaster4.com/Webcast/Page/2634/40101 Sponsored by: Appili Therapeutics along with support from Bloom Burton & Co, a leading Canadian healthcare-focused investment bank, and Dentons LLP, a multinational law firm. Note attendance is free and open to the public with advanced registration required. Speaker biographies and headshots are available upon request. About Appili Therapeutics Appili Therapeutics is an infectious disease biopharmaceutical company that is purposefully built, portfolio-driven, and people-focused to fulfill its mission of solving life-threatening infections. By systematically identifying urgent infections with unmet needs, Appilis goal is to strategically develop a pipeline of novel therapies to prevent deaths and improve lives. As part of a global consortium, Appili is sponsoring late-stage clinical trials evaluating the antiviral Avigan / REEQONUSTM (favipiravir) for the worldwide treatment and prevention of COVID-19. The Company is also advancing a diverse range of anti-infectives, including a broad-spectrum antifungal, a vaccine candidate to eliminate a serious biological weapon threat, and two novel antibiotic programs. Led by a proven management team, Appili is at the epicenter of the global fight against infection. For more information, visit www.AppiliTherapeutics.com. The Company is not making any express or implied claims that its product candidate has the ability to eliminate, cure or contain the COVID-19 (or SARS-2 coronavirus) at this time.
|
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.