id
stringlengths 7
10
| query
stringlengths 559
87.6k
| answer
stringlengths 16
1.58k
| text
stringlengths 288
87.3k
|
|---|---|---|---|
edtsum4972
|
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 "Catalog Management System Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The Catalog Management System Market is expected to grow at a CAGR of 9% over the forecast period 2020 to 2025. The requirement to have centrally managed product and service data, increasing customer requirements, expanding the number of digital transformation initiatives in the retail, and eCommerce industry verticals are determinants driving the growth of the catalog management market. Companies Mentioned Key Market Trends IT & Telecom Vertical to Drive the Market Asia Pacific (APAC) to be the Fastest Growing Region of the Market Key Topics Covered: 1 INTRODUCTION 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET INSIGHTS 4.1 Market Overview 4.2 Industry Attractiveness Porter's Five Forces Analysis 4.2.1 Bargaining Power of Buyers/Consumers 4.2.2 Bargaining Power of Suppliers 4.2.3 Threat of New Entrants 4.2.4 Threat of Substitute Products 4.2.5 Intensity of Competitive Rivalry 5 MARKET DYNAMICS 5.1 Market Drivers 5.1.1 Growing Digital Transformation Initiatives 5.1.2 Necessity of Centralized Systems for Improved Marketing and Selling 5.2 Market Restraints 5.2.1 Privacy and Security Concerns 5.3 Industry Value Chain Analysis 5.4 Assessment of Impact of Covid-19 on the Industry 6 MARKET SEGMENTATION 6.1 By Type 6.1.1 Service Catalogs 6.1.2 Product Catalogs 6.2 By Deployment Type 6.2.1 Cloud 6.2.2 On-Premises 6.3 By Industry Vertical 6.3.1 IT & Telecom 6.3.2 Retail & eCommerce 6.3.3 BFSI 6.3.4 Media & Entertainment 6.3.5 Travel & Hospitality 6.3.6 Other Industry Verticals 6.4 Geography 6.4.1 North America 6.4.2 Europe 6.4.3 Asia Pacific 6.4.4 Latin America 6.4.5 Middle East and Africa 7 COMPETITIVE LANDSCAPE 7.1 Company Profiles* 8 INVESTMENT ANALYSIS 9 MARKET OPPORTUNITIES AND FUTURE TRENDS For more information about this report visit https://www.researchandmarkets.com/r/2p3xn6
Answer:
|
Worldwide Catalog Management System Industry to 2025 - IT & Telecom Vertical to Drive the Market - ResearchAndMarkets.com
|
DUBLIN--(BUSINESS WIRE)--The "Catalog Management System Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The Catalog Management System Market is expected to grow at a CAGR of 9% over the forecast period 2020 to 2025. The requirement to have centrally managed product and service data, increasing customer requirements, expanding the number of digital transformation initiatives in the retail, and eCommerce industry verticals are determinants driving the growth of the catalog management market. Companies Mentioned Key Market Trends IT & Telecom Vertical to Drive the Market Asia Pacific (APAC) to be the Fastest Growing Region of the Market Key Topics Covered: 1 INTRODUCTION 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET INSIGHTS 4.1 Market Overview 4.2 Industry Attractiveness Porter's Five Forces Analysis 4.2.1 Bargaining Power of Buyers/Consumers 4.2.2 Bargaining Power of Suppliers 4.2.3 Threat of New Entrants 4.2.4 Threat of Substitute Products 4.2.5 Intensity of Competitive Rivalry 5 MARKET DYNAMICS 5.1 Market Drivers 5.1.1 Growing Digital Transformation Initiatives 5.1.2 Necessity of Centralized Systems for Improved Marketing and Selling 5.2 Market Restraints 5.2.1 Privacy and Security Concerns 5.3 Industry Value Chain Analysis 5.4 Assessment of Impact of Covid-19 on the Industry 6 MARKET SEGMENTATION 6.1 By Type 6.1.1 Service Catalogs 6.1.2 Product Catalogs 6.2 By Deployment Type 6.2.1 Cloud 6.2.2 On-Premises 6.3 By Industry Vertical 6.3.1 IT & Telecom 6.3.2 Retail & eCommerce 6.3.3 BFSI 6.3.4 Media & Entertainment 6.3.5 Travel & Hospitality 6.3.6 Other Industry Verticals 6.4 Geography 6.4.1 North America 6.4.2 Europe 6.4.3 Asia Pacific 6.4.4 Latin America 6.4.5 Middle East and Africa 7 COMPETITIVE LANDSCAPE 7.1 Company Profiles* 8 INVESTMENT ANALYSIS 9 MARKET OPPORTUNITIES AND FUTURE TRENDS For more information about this report visit https://www.researchandmarkets.com/r/2p3xn6
|
edtsum4979
|
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 and ORLANDO, Fla., May 6, 2020 /PRNewswire/ -- Summit Broadband ("Summit"), a leading fiber-optics telecommunications provider in Central and Southwest Florida, today announced Kevin Coyne has been named Chief Executive Officer. Summit is a portfolio company of Grain Management, LLC("Grain"), a leading Washington, D.C.-based investment firm focused on the global communications sector. Coyne brings more than 20 years of telecommunications experience focused on fiber-optic and high-bandwidth solutions. His background includes roles in finance, strategic planning, sales, marketing and operations. Before joining Summit Broadband, Coyne was a founding member and Chief Operating Officer of FiberLight, LLC, where he led all aspects of sales, operations and finance. In that role, he grew FiberLight from a company with less than $1 million in revenue and 1,100 route miles of network to one with more than $200 million in revenue and 16,000 route miles spanning over 430 cities and including over 1.8 million fiber miles. Coyne is a Certified Public Accountant and holds an Accounting degree from Towson State University and a Master of Science in Taxation from the University of Baltimore. "Summit is at a pivotal juncture in its history, having recently partnered with the Grain team," Mr. Coyne stated. "It is exciting to have the opportunity to lead this company and its talented team to the next level as we continue to expand our network into new communities and fine-tune the services and product portfolio we provide to our enterprise and residential customers. The expertise that Grain brings to this platform will help us to propel Summit as a market leader in Florida." "We are pleased to welcome Kevin to the Summit Broadband family," said Michael McKenzie, Managing Director at Grain. "His industry expertise and strategic leadership will be invaluable to Summit as it embarks on its next phase of growth." About Summit BroadbandSummit Broadband is a leading fiber-optics telecommunications provider in Central and Southwest Florida. The company provides voice, video, data and high-speed internet services to commercial and residential customers, as well as Ethernet and dark fiber transport to enterprise and carrier customers. Providing a superior customer service experience since 1994, the company owns and operates its own fiber-optic networks, with a reach of more than 2,300 fiber route miles, serving multiple industries and communities throughout our territory. Summit Broadband was acquired in 2020 by Grain Management LLC. For more information, visit www.summit-broadband.com. About Grain ManagementGrain Management, LLC is a leading investor focused on the global communications sector.The firm was founded in 2007 with the objective of bringing a differentiated approach to the industry characterized by expansive sector knowledge, rigorous analytics and dedicated, in-house operating and financial professionals. Grain is directed by a team of highly experienced investment professionals with deep industry knowledge and a specialized skill set, marked by extensive operating history, quantitative and analytical proficiency and regulatory expertise. For more information, visit https://www.graingp.com. Contact: Grain ManagementCaroline LuzLambert & Co.203-656-2829[emailprotected] For Summit BroadbandKelley RichardsonMarketing and Communications ManagerSummit Broadband[emailprotected]+1 407.996.6227 SOURCE Grain Management, LLC Related Links https://www.graingp.com
Answer:
|
Summit Broadband Names Kevin Coyne Chief Executive Officer
|
WASHINGTON and ORLANDO, Fla., May 6, 2020 /PRNewswire/ -- Summit Broadband ("Summit"), a leading fiber-optics telecommunications provider in Central and Southwest Florida, today announced Kevin Coyne has been named Chief Executive Officer. Summit is a portfolio company of Grain Management, LLC("Grain"), a leading Washington, D.C.-based investment firm focused on the global communications sector. Coyne brings more than 20 years of telecommunications experience focused on fiber-optic and high-bandwidth solutions. His background includes roles in finance, strategic planning, sales, marketing and operations. Before joining Summit Broadband, Coyne was a founding member and Chief Operating Officer of FiberLight, LLC, where he led all aspects of sales, operations and finance. In that role, he grew FiberLight from a company with less than $1 million in revenue and 1,100 route miles of network to one with more than $200 million in revenue and 16,000 route miles spanning over 430 cities and including over 1.8 million fiber miles. Coyne is a Certified Public Accountant and holds an Accounting degree from Towson State University and a Master of Science in Taxation from the University of Baltimore. "Summit is at a pivotal juncture in its history, having recently partnered with the Grain team," Mr. Coyne stated. "It is exciting to have the opportunity to lead this company and its talented team to the next level as we continue to expand our network into new communities and fine-tune the services and product portfolio we provide to our enterprise and residential customers. The expertise that Grain brings to this platform will help us to propel Summit as a market leader in Florida." "We are pleased to welcome Kevin to the Summit Broadband family," said Michael McKenzie, Managing Director at Grain. "His industry expertise and strategic leadership will be invaluable to Summit as it embarks on its next phase of growth." About Summit BroadbandSummit Broadband is a leading fiber-optics telecommunications provider in Central and Southwest Florida. The company provides voice, video, data and high-speed internet services to commercial and residential customers, as well as Ethernet and dark fiber transport to enterprise and carrier customers. Providing a superior customer service experience since 1994, the company owns and operates its own fiber-optic networks, with a reach of more than 2,300 fiber route miles, serving multiple industries and communities throughout our territory. Summit Broadband was acquired in 2020 by Grain Management LLC. For more information, visit www.summit-broadband.com. About Grain ManagementGrain Management, LLC is a leading investor focused on the global communications sector.The firm was founded in 2007 with the objective of bringing a differentiated approach to the industry characterized by expansive sector knowledge, rigorous analytics and dedicated, in-house operating and financial professionals. Grain is directed by a team of highly experienced investment professionals with deep industry knowledge and a specialized skill set, marked by extensive operating history, quantitative and analytical proficiency and regulatory expertise. For more information, visit https://www.graingp.com. Contact: Grain ManagementCaroline LuzLambert & Co.203-656-2829[emailprotected] For Summit BroadbandKelley RichardsonMarketing and Communications ManagerSummit Broadband[emailprotected]+1 407.996.6227 SOURCE Grain Management, LLC Related Links https://www.graingp.com
|
edtsum4980
|
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: BATTLE CREEK, Mich., Nov. 16, 2020 /PRNewswire/ --For the third year in a row, Kellogg Company (NYSE: K) has been named to the prestigiousDow Jones Sustainability World and North America indices(DJSI) of companies recognized for their sustainable business practices. Kellogg ranked #3 among U.S.-based food & agriculture companies and was named among the top 10 most sustainable food & agriculture companies globally. Organizations included on the indices, which target the top 10% of ESG performers across 61 industries, exhibit best-in-class performance against environmental, social, and governance (ESG) metrics that are critical for generating long-term shareowner value. "We're proud of the progress we've made towards our commitment to help end hunger and create Better Days for 3 billion people by the end of 2030," saidKris Bahner, Senior Vice President, Global Corporate Affairs. "Through our efforts, we continue to drive impact for people and the planet, while also meeting the expectations of our stakeholders on environmental, social, and corporate governance measures. This independent validation only reinforces that our work is critically important for ensuring a more sustainable future for all." In this year's survey, Kellogg received high scores for progressing towards its Better Daysgoals. Specifically, the company has: Continued to improve the nutrition profile of its foods today 100% of its cereals contain at least one nutrient of need (fiber, protein, micronutrients); Donated more than 2.4 billion servings of food to people in need through food banks, breakfasts clubs and disaster relief on six continents since 2015; Reduced its greenhouse gas emissions in its plants by more than 28% - exceeding its 2020 goal one year ahead of schedule1 - 28% of electricity used in Kellogg facilities already come from renewable sources; Achieved 76% recyclability of its packaging globally; Supported more than 433,000 farmers, workers and women through conservation agriculture programs that help boost yields, support biodiversity and livelihoods; Assessed and supported human rights across its own operations and its supply chain through monitoring and mitigating risks with supplier partners; and Recognized by Diversity INC. as a top 50 company for diversity and named among 2020 Best Places to Work for LGBTQ Equality by the Human Rights Campaign Foundation. "We congratulate Kellogg Company for being included in the DJSI World and North America Indices. A DJSI distinction is a reflection of being a sustainability leader in your industry." Manjit Jus, Global Head of ESG Research and Data, S&P Global. "With a record number of companies participating in the 2020 Corporate Sustainability Assessment and more stringent rules for inclusion this year, this sets your company apart and rewards your continued commitment to people and planet." For more information on Kellogg Company's Better Days visit KelloggCompany.com. You can also read more about Kellogg's ESG transparency and reporting practices in the positions, policies and milestonessection of its corporate website. About Kellogg CompanyAt Kellogg Company (NYSE: K), we strive to enrich and delight the world through foods and brands that matter. Our beloved brands include Pringles, Cheez-It, Special K, Kellogg's Frosted Flakes, Pop-Tarts, Kellogg's Corn Flakes, Rice Krispies, Ego, Mini-Wheats, Kashi, RXBAR, MorningStar Farms and more. Net sales in 2019 were approximately $13.6 billion, comprised principally of snacks and convenience foods like cereal and frozen foods. Kellogg brands are beloved in markets around the world. We are also a company with Heart & Soul, committed to creating Better Days for 3 billion people by the end of 2030 through our Kellogg's Better Daysglobal purpose platform. Visit www.KelloggCompany.com or www.OpenforBreakfast.com. 1 Progress data reported from a 2015 baseline. SOURCE Kellogg Company Related Links http://www.kelloggcompany.com
Answer:
|
Kellogg Company Among Most Sustainable Food & Agriculture Companies Named in Prestigious Dow Jones Sustainability Indices Company recognized for the third year in a row for its ESG performance and progress towards addressing food security, feeding people in need and nurturing our planet
|
BATTLE CREEK, Mich., Nov. 16, 2020 /PRNewswire/ --For the third year in a row, Kellogg Company (NYSE: K) has been named to the prestigiousDow Jones Sustainability World and North America indices(DJSI) of companies recognized for their sustainable business practices. Kellogg ranked #3 among U.S.-based food & agriculture companies and was named among the top 10 most sustainable food & agriculture companies globally. Organizations included on the indices, which target the top 10% of ESG performers across 61 industries, exhibit best-in-class performance against environmental, social, and governance (ESG) metrics that are critical for generating long-term shareowner value. "We're proud of the progress we've made towards our commitment to help end hunger and create Better Days for 3 billion people by the end of 2030," saidKris Bahner, Senior Vice President, Global Corporate Affairs. "Through our efforts, we continue to drive impact for people and the planet, while also meeting the expectations of our stakeholders on environmental, social, and corporate governance measures. This independent validation only reinforces that our work is critically important for ensuring a more sustainable future for all." In this year's survey, Kellogg received high scores for progressing towards its Better Daysgoals. Specifically, the company has: Continued to improve the nutrition profile of its foods today 100% of its cereals contain at least one nutrient of need (fiber, protein, micronutrients); Donated more than 2.4 billion servings of food to people in need through food banks, breakfasts clubs and disaster relief on six continents since 2015; Reduced its greenhouse gas emissions in its plants by more than 28% - exceeding its 2020 goal one year ahead of schedule1 - 28% of electricity used in Kellogg facilities already come from renewable sources; Achieved 76% recyclability of its packaging globally; Supported more than 433,000 farmers, workers and women through conservation agriculture programs that help boost yields, support biodiversity and livelihoods; Assessed and supported human rights across its own operations and its supply chain through monitoring and mitigating risks with supplier partners; and Recognized by Diversity INC. as a top 50 company for diversity and named among 2020 Best Places to Work for LGBTQ Equality by the Human Rights Campaign Foundation. "We congratulate Kellogg Company for being included in the DJSI World and North America Indices. A DJSI distinction is a reflection of being a sustainability leader in your industry." Manjit Jus, Global Head of ESG Research and Data, S&P Global. "With a record number of companies participating in the 2020 Corporate Sustainability Assessment and more stringent rules for inclusion this year, this sets your company apart and rewards your continued commitment to people and planet." For more information on Kellogg Company's Better Days visit KelloggCompany.com. You can also read more about Kellogg's ESG transparency and reporting practices in the positions, policies and milestonessection of its corporate website. About Kellogg CompanyAt Kellogg Company (NYSE: K), we strive to enrich and delight the world through foods and brands that matter. Our beloved brands include Pringles, Cheez-It, Special K, Kellogg's Frosted Flakes, Pop-Tarts, Kellogg's Corn Flakes, Rice Krispies, Ego, Mini-Wheats, Kashi, RXBAR, MorningStar Farms and more. Net sales in 2019 were approximately $13.6 billion, comprised principally of snacks and convenience foods like cereal and frozen foods. Kellogg brands are beloved in markets around the world. We are also a company with Heart & Soul, committed to creating Better Days for 3 billion people by the end of 2030 through our Kellogg's Better Daysglobal purpose platform. Visit www.KelloggCompany.com or www.OpenforBreakfast.com. 1 Progress data reported from a 2015 baseline. SOURCE Kellogg Company Related Links http://www.kelloggcompany.com
|
edtsum4984
|
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: TEL AVIV, Israel, Aug. 12, 2020 /PRNewswire/ -- Cellect Biotechnology Ltd. (NASDAQ: APOP), a developer of innovative technology which enables the functional selection of stem cells, today reported financial and operating results for the second quarter ended June 30, 2020. The Company's six-month progress includes the development of several strategic initiatives, including growth-oriented opportunities in pain management and COVID-19 related therapeutics. "Despite the COVID-19 pandemic business disruptions and the near-term delays to completing and commencing our clinical programs in Israel and the U.S., respectively, we acted swiftly over the past few months to leverage our sought-after technology to create several long-term business initiatives to enhance our value," commented Dr. Shai Yarkoni, Chief Executive Officer. "In addition to pursuing a potential merger with a global leader in the high growth medical-grade cannabis market, which is being delayed due to COVID-19, we have either initiated or are contemplating other business development activities that will greatly benefit from our innovation, technology and know-how. I believe each of these opportunities represents meaningful catalysts for Cellect in multi-billion-dollar markets, subject to resolution of the COVID-19 pandemic and return to normal course of business." Notwithstanding the continued delays due to COVID-19, the Company remains focused on the following operational and clinical objectives: Recruit the final patient in the Israel trial, as soon as practically allowed, and publish the primary endpoint results six months later Commence the U.S. trial immediately upon resumption of normal business practices since the Company has already received the regulatory and institutional approvals to proceed Highlight its stem cell thought leadership by presenting at two upcoming prestigious conferences the Cell & Gene Meeting on the Mesa (October) and the International Congress on Autoimmunity (November), both being held virtually Progress the scale-up process to complete robust, automated, close compartment Apograft process through clinically approved medical devices The Company's cash and cash equivalents totaled $7 million as of June 30, 2020, which includes the approximately $1.5 million (gross before expenses)resulting from several investors exercising certain warrants that were issued in February 2019. SecondQuarter 2020 Financial Results: Research and development (R&D) expenses for the secondquarter of 2020 were $0.39 million, compared to $0.44 million in the first quarter of 2020 and $1.03 million in the secondquarter of 2019. The decrease in the second quarter of 2020 as compared to the first quarter of 2020 was primarily due decrease in clinical activities as a result of the COVID-19. General and administrative (G&A) expenses for the second quarter of 2020 were $0.61 million, compared to $0.75 million in the first quarter of 2020 and $0.78 million in the second quarter of 2019. The decrease in the second quarter of 2020 as compared to the first quarter of 2020 was primarily due to the decrease in professional expenses. Finance expenses for the second quarter of 2020 was $1.54 million, compared to finance income of $0.45 million in the first quarter of 2020. The change was primarily due to changes related to the fair value of the tradable and non-tradable warrants issued in a prior fundraising. Net loss for the second quarter of 2020 was $2.54million, or $0.007 per share, compared to $0.74 million, or $0.002 per share, in the first quarter of 2020, and $0.24 million, or $0.001 per share, in the second quarter of 2019. *For the convenience of the reader, the amounts above have been translated from NIS into U.S. dollars, at the representative rate of exchange on June 30, 2020 (U.S. $1 = NIS 3.466). About Cellect Biotechnology Ltd. Cellect Biotechnology (APOP) has developed a breakthrough technology, for the selection of stem cells from any given tissue, that aims to improve a variety of stem cell-based therapies. The Company's technology is expected to provide researchers, clinical community and pharma companies with the tools to rapidly isolate stem cells in quantity and quality allowing stem cell-based treatments and procedures in a wide variety of applications in regenerative medicine. The Company's current clinical trial is aimed at bone marrow transplantations in cancer treatment. Forward Looking Statements This press release contains forward-looking statements about the Company's expectations, beliefs and intentions. Forward-looking statements can be identified by the use of forward-looking words such as "believe", "expect", "intend", "plan", "may", "should", "could", "might", "seek", "target", "will", "project", "forecast", "continue" or "anticipate" or their negatives or variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical matters. For example, forward-looking statements are used in this press release when we discuss Cellect's expectations regarding timing of the commencement of its planned U.S. clinical trial and its plan to reduce operating costs. These forward-looking statements and their implications are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In addition, historical results or conclusions from scientific research and clinical studies do not guarantee that future results would suggest similar conclusions or that historical results referred to herein would be interpreted similarly in light of additional research or otherwise. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: the Company's history of losses and needs for additional capital to fund its operations and its inability to obtain additional capital on acceptable terms, or at all; the Company's ability to continue as a going concern; uncertainties of cash flows and inability to meet working capital needs; the Company's ability to obtain regulatory approvals; the Company's ability to obtain favorable pre-clinical and clinical trial results; the Company's technology may not be validated and its methods may not be accepted by the scientific community; difficulties enrolling patients in the Company's clinical trials; the ability to timely source adequate supply of FasL; risks resulting from unforeseen side effects; the Company's ability to establish and maintain strategic partnerships and other corporate collaborations; the scope of protection the Company is able to establish and maintain for intellectual property rights and its ability to operate its business without infringing the intellectual property rights of others; competitive companies, technologies and the Company's industry; unforeseen scientific difficulties may develop with the Company's technology; the Company's ability to retain or attract key employees whose knowledge is essential to the development of its products; and the Company's ability to pursue any strategic transaction or that any transaction, if pursued, will be completed. Any forward-looking statement in this press release speaks only as of the date of this press release. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. More detailed information about the risks and uncertainties affecting the Company is contained under the heading "Risk Factors" in Cellect Biotechnology Ltd.'s Annual Report on Form 20-F for the fiscal year ended December 31, 2019 filed with the U.S. Securities and Exchange Commission, or SEC, which is available on the SEC's website, www.sec.gov, and in the Company's periodic filings with the SEC. Cellect Biotechnology Ltd. Consolidated Statement of Operation Convenience translation Six months ended Six months ended Three months ended June 30, June 30, June 30, 2020 2020 2019 2020 2019 Unaudited Unaudited U.S. dollars NIS (In thousands, except share and per share data) Research and development expenses 837 2,901 7,086 1,364 3,564 General and administrative expenses 1,356 4,703 5,064 2,116 2,709 Operating loss 2,193 7,604 12,150 3,480 6,273 Financial expenses (income) due to warrants exercisable into shares 1,098 3,807 (7,111) 4,697 (5,919) Other financial expenses (income), net (15) (55) 880 627 462 Total comprehensive loss 3,276 11,356 5,919 8,804 816 Loss per share: Basic and diluted loss per share 0.010 0.034 0.029 0.024 0.004 Weighted average number of shares outstanding used to compute basic and diluted loss per share 338,182,275 338,182,275 200,942,871 365,428,101 224,087,799 Cellect Biotechnology Ltd. Consolidated Balance Sheet Data Convenience translation June 30, June 30, December 31, 2020 2020 2019 Unaudited Unaudited Audited U.S. dollars NIS (In thousands, except share and per share data) CURRENT ASSETS: Cash and cash equivalents 7,002 24,269 18,106 Other receivables 277 960 469 7,279 25,229 18,575 NON-CURRENT ASSETS: Restricted cash 95 330 328 Right of use - Assets under operating lease 262 908 1,035 Other long-term receivables 22 76 94 Property, plant and equipment, net 314 1,087 1,288 693 2,401 2,745 7,972 27,630 21,320 CURRENT LIABILITIES: Trade payables 121 420 158 Other payables 622 2,158 3,080 Current maturities of lease liability 120 416 396 863 2,994 3,634 NON-CURRENT LIABILITIES: Warrants to ADS 666 2,307 2,172 Lease liability 155 538 677 821 2,845 2,849 EQUITY: Ordinary shares of no par value: Authorized: 500,000,000 shares at December31, 2019 and June 30, 2020; Issued and outstanding: 224,087,799*) and 390,949,079*) shares as of December 31, 2019 and June 30, 2020, respectively. - - - Additional Paid in Capital 36,595 126,839 108,598 Share-based payments 4,789 16,597 16,528 Treasury shares (2,719) (9,425) (9,425) Accumulated deficit (32,377) (112,220) (100,864) 6,288 21,791 14,837 7,972 27,630 21,320 *) Net of 2,641,693 treasury shares of the Company held by the Company. Cellect Biotechnology Ltd. Consolidated Cash Flow Data Convenience translation Six months ended Six months ended Three months ended June 30, June 30, June 30, 2020 2020 2019 2020 2019 Unaudited Unaudited U.S. dollars NIS (In thousands) Cash flows from operating activities: Total comprehensive loss (3,276) (11,356) (5,919) (8,804) (816) Adjustments to reconcile net loss to net cash used in operating activities: Exchange rate difference 1 5 - 700 - Net financing expenses 11 37 815 18 443 Loss (gain) from revaluation of financial assets presented at fair value through profit and loss - - 6 - 2 Depreciation 49 170 192 84 94 Changes in fair value of traded and not traded warrants 1,098 3,807 (8,442) 4,697 (5,895) Share-based payment 239 829 529 468 744 Decrease (increase) in other receivables (136) (473) 145 (544) 75 Increase (decrease) in other payables (217) (753) (715) (1,621) (730) Decrease in right-of-use assets 53 183 314 92 200 Interest received during the period 10 35 (46) 23 (46) Net cash used in operating activities (2,168) (7,516) (13,121) (4,887) (5,929) Cash flows from investing activities: Restricted cash, net (1) (2) - 2 - Sale (Purchase) of property, plant and equipment 9 31 (120) (3) - Net cash provided by investing activities 8 29 (120) (1) - Cash flows from financing activities: Exercise of warrants and stock options into shares 1,358 4,707 - 4,684 - Leases liabilities (61) (212) (278) (108) (178) Issue of share capital and warrants, net of issue costs 2,652 9,194 23,723 71 (1,114) Net cash provided (used) by financing activities 3,949 13,689 23,445 4,647 (1,292) Exchange differences on balances of cash and cash equivalents (11) (39) (769) (721) (397) Increase (decrease) in cash and cash equivalents 1,778 6,163 9,435 (962) (7,618) Balance of cash and cash equivalents at the beginning of the period 5,224 18,106 17,809 25,231 34,862 Balance of cash and cash equivalents at the end of the period 7,002 24,269 27,244 24,269 27,244 Contact Cellect Biotechnology Ltd. Eyal Leibovitz, Chief Financial Officerwww.cellect.co+972-9-974-1444 Or EVC Group LLC Michael Polyviou(732) 933-2754[emailprotected] SOURCE Cellect Biotechnology Ltd.
Answer:
|
Cellect Biotechnology Reports Second Quarter Financial and Operating Results; First Half 2020 Strategic Developments Create Long-Term Revenue Catalysts English English
|
TEL AVIV, Israel, Aug. 12, 2020 /PRNewswire/ -- Cellect Biotechnology Ltd. (NASDAQ: APOP), a developer of innovative technology which enables the functional selection of stem cells, today reported financial and operating results for the second quarter ended June 30, 2020. The Company's six-month progress includes the development of several strategic initiatives, including growth-oriented opportunities in pain management and COVID-19 related therapeutics. "Despite the COVID-19 pandemic business disruptions and the near-term delays to completing and commencing our clinical programs in Israel and the U.S., respectively, we acted swiftly over the past few months to leverage our sought-after technology to create several long-term business initiatives to enhance our value," commented Dr. Shai Yarkoni, Chief Executive Officer. "In addition to pursuing a potential merger with a global leader in the high growth medical-grade cannabis market, which is being delayed due to COVID-19, we have either initiated or are contemplating other business development activities that will greatly benefit from our innovation, technology and know-how. I believe each of these opportunities represents meaningful catalysts for Cellect in multi-billion-dollar markets, subject to resolution of the COVID-19 pandemic and return to normal course of business." Notwithstanding the continued delays due to COVID-19, the Company remains focused on the following operational and clinical objectives: Recruit the final patient in the Israel trial, as soon as practically allowed, and publish the primary endpoint results six months later Commence the U.S. trial immediately upon resumption of normal business practices since the Company has already received the regulatory and institutional approvals to proceed Highlight its stem cell thought leadership by presenting at two upcoming prestigious conferences the Cell & Gene Meeting on the Mesa (October) and the International Congress on Autoimmunity (November), both being held virtually Progress the scale-up process to complete robust, automated, close compartment Apograft process through clinically approved medical devices The Company's cash and cash equivalents totaled $7 million as of June 30, 2020, which includes the approximately $1.5 million (gross before expenses)resulting from several investors exercising certain warrants that were issued in February 2019. SecondQuarter 2020 Financial Results: Research and development (R&D) expenses for the secondquarter of 2020 were $0.39 million, compared to $0.44 million in the first quarter of 2020 and $1.03 million in the secondquarter of 2019. The decrease in the second quarter of 2020 as compared to the first quarter of 2020 was primarily due decrease in clinical activities as a result of the COVID-19. General and administrative (G&A) expenses for the second quarter of 2020 were $0.61 million, compared to $0.75 million in the first quarter of 2020 and $0.78 million in the second quarter of 2019. The decrease in the second quarter of 2020 as compared to the first quarter of 2020 was primarily due to the decrease in professional expenses. Finance expenses for the second quarter of 2020 was $1.54 million, compared to finance income of $0.45 million in the first quarter of 2020. The change was primarily due to changes related to the fair value of the tradable and non-tradable warrants issued in a prior fundraising. Net loss for the second quarter of 2020 was $2.54million, or $0.007 per share, compared to $0.74 million, or $0.002 per share, in the first quarter of 2020, and $0.24 million, or $0.001 per share, in the second quarter of 2019. *For the convenience of the reader, the amounts above have been translated from NIS into U.S. dollars, at the representative rate of exchange on June 30, 2020 (U.S. $1 = NIS 3.466). About Cellect Biotechnology Ltd. Cellect Biotechnology (APOP) has developed a breakthrough technology, for the selection of stem cells from any given tissue, that aims to improve a variety of stem cell-based therapies. The Company's technology is expected to provide researchers, clinical community and pharma companies with the tools to rapidly isolate stem cells in quantity and quality allowing stem cell-based treatments and procedures in a wide variety of applications in regenerative medicine. The Company's current clinical trial is aimed at bone marrow transplantations in cancer treatment. Forward Looking Statements This press release contains forward-looking statements about the Company's expectations, beliefs and intentions. Forward-looking statements can be identified by the use of forward-looking words such as "believe", "expect", "intend", "plan", "may", "should", "could", "might", "seek", "target", "will", "project", "forecast", "continue" or "anticipate" or their negatives or variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical matters. For example, forward-looking statements are used in this press release when we discuss Cellect's expectations regarding timing of the commencement of its planned U.S. clinical trial and its plan to reduce operating costs. These forward-looking statements and their implications are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In addition, historical results or conclusions from scientific research and clinical studies do not guarantee that future results would suggest similar conclusions or that historical results referred to herein would be interpreted similarly in light of additional research or otherwise. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: the Company's history of losses and needs for additional capital to fund its operations and its inability to obtain additional capital on acceptable terms, or at all; the Company's ability to continue as a going concern; uncertainties of cash flows and inability to meet working capital needs; the Company's ability to obtain regulatory approvals; the Company's ability to obtain favorable pre-clinical and clinical trial results; the Company's technology may not be validated and its methods may not be accepted by the scientific community; difficulties enrolling patients in the Company's clinical trials; the ability to timely source adequate supply of FasL; risks resulting from unforeseen side effects; the Company's ability to establish and maintain strategic partnerships and other corporate collaborations; the scope of protection the Company is able to establish and maintain for intellectual property rights and its ability to operate its business without infringing the intellectual property rights of others; competitive companies, technologies and the Company's industry; unforeseen scientific difficulties may develop with the Company's technology; the Company's ability to retain or attract key employees whose knowledge is essential to the development of its products; and the Company's ability to pursue any strategic transaction or that any transaction, if pursued, will be completed. Any forward-looking statement in this press release speaks only as of the date of this press release. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. More detailed information about the risks and uncertainties affecting the Company is contained under the heading "Risk Factors" in Cellect Biotechnology Ltd.'s Annual Report on Form 20-F for the fiscal year ended December 31, 2019 filed with the U.S. Securities and Exchange Commission, or SEC, which is available on the SEC's website, www.sec.gov, and in the Company's periodic filings with the SEC. Cellect Biotechnology Ltd. Consolidated Statement of Operation Convenience translation Six months ended Six months ended Three months ended June 30, June 30, June 30, 2020 2020 2019 2020 2019 Unaudited Unaudited U.S. dollars NIS (In thousands, except share and per share data) Research and development expenses 837 2,901 7,086 1,364 3,564 General and administrative expenses 1,356 4,703 5,064 2,116 2,709 Operating loss 2,193 7,604 12,150 3,480 6,273 Financial expenses (income) due to warrants exercisable into shares 1,098 3,807 (7,111) 4,697 (5,919) Other financial expenses (income), net (15) (55) 880 627 462 Total comprehensive loss 3,276 11,356 5,919 8,804 816 Loss per share: Basic and diluted loss per share 0.010 0.034 0.029 0.024 0.004 Weighted average number of shares outstanding used to compute basic and diluted loss per share 338,182,275 338,182,275 200,942,871 365,428,101 224,087,799 Cellect Biotechnology Ltd. Consolidated Balance Sheet Data Convenience translation June 30, June 30, December 31, 2020 2020 2019 Unaudited Unaudited Audited U.S. dollars NIS (In thousands, except share and per share data) CURRENT ASSETS: Cash and cash equivalents 7,002 24,269 18,106 Other receivables 277 960 469 7,279 25,229 18,575 NON-CURRENT ASSETS: Restricted cash 95 330 328 Right of use - Assets under operating lease 262 908 1,035 Other long-term receivables 22 76 94 Property, plant and equipment, net 314 1,087 1,288 693 2,401 2,745 7,972 27,630 21,320 CURRENT LIABILITIES: Trade payables 121 420 158 Other payables 622 2,158 3,080 Current maturities of lease liability 120 416 396 863 2,994 3,634 NON-CURRENT LIABILITIES: Warrants to ADS 666 2,307 2,172 Lease liability 155 538 677 821 2,845 2,849 EQUITY: Ordinary shares of no par value: Authorized: 500,000,000 shares at December31, 2019 and June 30, 2020; Issued and outstanding: 224,087,799*) and 390,949,079*) shares as of December 31, 2019 and June 30, 2020, respectively. - - - Additional Paid in Capital 36,595 126,839 108,598 Share-based payments 4,789 16,597 16,528 Treasury shares (2,719) (9,425) (9,425) Accumulated deficit (32,377) (112,220) (100,864) 6,288 21,791 14,837 7,972 27,630 21,320 *) Net of 2,641,693 treasury shares of the Company held by the Company. Cellect Biotechnology Ltd. Consolidated Cash Flow Data Convenience translation Six months ended Six months ended Three months ended June 30, June 30, June 30, 2020 2020 2019 2020 2019 Unaudited Unaudited U.S. dollars NIS (In thousands) Cash flows from operating activities: Total comprehensive loss (3,276) (11,356) (5,919) (8,804) (816) Adjustments to reconcile net loss to net cash used in operating activities: Exchange rate difference 1 5 - 700 - Net financing expenses 11 37 815 18 443 Loss (gain) from revaluation of financial assets presented at fair value through profit and loss - - 6 - 2 Depreciation 49 170 192 84 94 Changes in fair value of traded and not traded warrants 1,098 3,807 (8,442) 4,697 (5,895) Share-based payment 239 829 529 468 744 Decrease (increase) in other receivables (136) (473) 145 (544) 75 Increase (decrease) in other payables (217) (753) (715) (1,621) (730) Decrease in right-of-use assets 53 183 314 92 200 Interest received during the period 10 35 (46) 23 (46) Net cash used in operating activities (2,168) (7,516) (13,121) (4,887) (5,929) Cash flows from investing activities: Restricted cash, net (1) (2) - 2 - Sale (Purchase) of property, plant and equipment 9 31 (120) (3) - Net cash provided by investing activities 8 29 (120) (1) - Cash flows from financing activities: Exercise of warrants and stock options into shares 1,358 4,707 - 4,684 - Leases liabilities (61) (212) (278) (108) (178) Issue of share capital and warrants, net of issue costs 2,652 9,194 23,723 71 (1,114) Net cash provided (used) by financing activities 3,949 13,689 23,445 4,647 (1,292) Exchange differences on balances of cash and cash equivalents (11) (39) (769) (721) (397) Increase (decrease) in cash and cash equivalents 1,778 6,163 9,435 (962) (7,618) Balance of cash and cash equivalents at the beginning of the period 5,224 18,106 17,809 25,231 34,862 Balance of cash and cash equivalents at the end of the period 7,002 24,269 27,244 24,269 27,244 Contact Cellect Biotechnology Ltd. Eyal Leibovitz, Chief Financial Officerwww.cellect.co+972-9-974-1444 Or EVC Group LLC Michael Polyviou(732) 933-2754[emailprotected] SOURCE Cellect Biotechnology Ltd.
|
edtsum4986
|
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: NORTHLAND, New Zealand and BOWLING GREEN, Ky., March 9, 2021 /PRNewswire/ --The US State Department and the Far North District Council in New Zealand are funding "Connected Northland"a new program focused on providing flexible digital training and job placement assistance to communities and individuals in the Northland Region of New Zealand. The effort will leverage Digital Works (DW) which is the digital workforce development program of national nonprofit Connected Nation (CN). The project is the first time CN has worked in New Zealand and was developed following a two-way, 2018-19 US State Department Professional Fellows learning exchange offered to US digital enablement experts and Northland Digital Enablement Group members. There is a need across all countries and cultures to work toward digital equity and better connectivity for all people. Tweet this "It was such a privilege to participate in the international learning exchange with New Zealand in 2019 through the US State Department," says Chris Pedersen, Executive Vice President of Development and Planning, CN. "We learned that there is a need across all countries and cultures to work together toward digital equity and better connectivity for all people. Since that time, we have continued to share ideas and collaborate. That led us to the launch of the Connected Northland initiative.Connected Nation is excited to support this digital inclusion effort and to work together to improve lives through technology." DW is designed to ensure jobseekers are trained, mentored, and upskilled, while also being supported in job placements. It has achieved an 80% placement success rate and high participant retention, something the Far North District Council says it aims to replicate.The project is being delivered by the Northland Digital Enablement Group. Members include the Far North District Council, Northland Inc, Kaipara District Council, Whangarei District Council and Northland Regional Council."Connected Northland is a great collaboration. We are proud to be working with Connected Nation on this ground-breaking project because it is all about developing local talent," said Jude Thompson, Tai Tokerau Northland Economic Action Plan portfolio manager at Northland Inc. and Chair of the Northland Digital Enablement Group. "This is about flexible digital training with a focus on job placement, so it is a great opportunity for Northlanders, particularly those in remote rural areas. Being involved with Connected Nation means our talent in Te Tai Tokerau get to learn at home from professionals overseas. It is a unique opportunity and Northland Inc is identifying potential employers to participate."Connected Northland wants to sign-up 20 businesses by the end of March. Employer requirements can be built into the training and, ideally, they will have positions that can be filled remotely. Northland libraries are also supporting the project, with staff ready to assist learners and free public Wi-fi and computer access. Northlanders can sign up at the Digital Learning Hub www.driveyourlearning.org/signup.To learn more about Digital Works, email us at [emailprotected] or visit www.digitalworksjobs.org. SOURCE Connected Nation
Answer:
|
Groundbreaking partnership with US State Department to get New Zealand's Northland remote work ready Digital Works to lead digital training and job placement assistance project as part of international partnership between US and NZ
|
NORTHLAND, New Zealand and BOWLING GREEN, Ky., March 9, 2021 /PRNewswire/ --The US State Department and the Far North District Council in New Zealand are funding "Connected Northland"a new program focused on providing flexible digital training and job placement assistance to communities and individuals in the Northland Region of New Zealand. The effort will leverage Digital Works (DW) which is the digital workforce development program of national nonprofit Connected Nation (CN). The project is the first time CN has worked in New Zealand and was developed following a two-way, 2018-19 US State Department Professional Fellows learning exchange offered to US digital enablement experts and Northland Digital Enablement Group members. There is a need across all countries and cultures to work toward digital equity and better connectivity for all people. Tweet this "It was such a privilege to participate in the international learning exchange with New Zealand in 2019 through the US State Department," says Chris Pedersen, Executive Vice President of Development and Planning, CN. "We learned that there is a need across all countries and cultures to work together toward digital equity and better connectivity for all people. Since that time, we have continued to share ideas and collaborate. That led us to the launch of the Connected Northland initiative.Connected Nation is excited to support this digital inclusion effort and to work together to improve lives through technology." DW is designed to ensure jobseekers are trained, mentored, and upskilled, while also being supported in job placements. It has achieved an 80% placement success rate and high participant retention, something the Far North District Council says it aims to replicate.The project is being delivered by the Northland Digital Enablement Group. Members include the Far North District Council, Northland Inc, Kaipara District Council, Whangarei District Council and Northland Regional Council."Connected Northland is a great collaboration. We are proud to be working with Connected Nation on this ground-breaking project because it is all about developing local talent," said Jude Thompson, Tai Tokerau Northland Economic Action Plan portfolio manager at Northland Inc. and Chair of the Northland Digital Enablement Group. "This is about flexible digital training with a focus on job placement, so it is a great opportunity for Northlanders, particularly those in remote rural areas. Being involved with Connected Nation means our talent in Te Tai Tokerau get to learn at home from professionals overseas. It is a unique opportunity and Northland Inc is identifying potential employers to participate."Connected Northland wants to sign-up 20 businesses by the end of March. Employer requirements can be built into the training and, ideally, they will have positions that can be filled remotely. Northland libraries are also supporting the project, with staff ready to assist learners and free public Wi-fi and computer access. Northlanders can sign up at the Digital Learning Hub www.driveyourlearning.org/signup.To learn more about Digital Works, email us at [emailprotected] or visit www.digitalworksjobs.org. SOURCE Connected Nation
|
edtsum5006
|
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: REHOVOT, Israel, April 22, 2020 /PRNewswire/ --Aleph Farms, Ltd., announces its new sustainability strategy: to eliminate emissions associated with its meat production by 2025 and reach the same net-zero emissions across its entire supply chain by 2030. Aleph Farms cultivates delicious, real steak without harming animals or the environment. Amid the COVID-19 health crisis, Aleph Farms consolidates its approach for food system resilience not only to cope with local and global supply chain disruptions that put food securities at risk, but also to promote natural ecosystem preservation and reduce friction points with wild animals. As it prepares for active pilot-plant (BioFarm) operations next year, the company has set the bar higher for its sustainable development goals. Continue Reading Aleph Farms Going Carbon-Neutral by 2025 It is calculated that food production is responsible for over a quarter of global greenhouse gas emissions. Agriculture uses half of the world's habitable land and 70 percent of the freshwater withdrawals. In addition, 94 percent of mammal biomass (excluding humans) is livestock: outweighing wild mammals by a factor of 15-to-1 while posing a threat to the conservation of biodiversity in a global ecosystem. Aleph Farms' move sets to limit global warming to 1.5C as targeted under the Paris climate agreement and translate the European Green Deal resolutions into actionable climate practices that decrease ecological footprints of food production on a global scale. Striving to nourish the world and provide unconditional access to high-quality, safe and affordable nutrition to a growing population, Aleph Farms is actively engaging in a dialogue with livestock farmers to integrate cultivated meat as part of a solution set to fundamental challenges that the agriculture industry is facing, such as eroding revenues and increased retirement rate in developed countries. This establishment of a new category of meat products will actively support the capacity of current and future generations to maintain prosperous communities, as partners across the supply chain work jointly towards a carbon-neutral system. The company outlined a series of efforts and achievements it will leverage to reach its goals: Sustainability Advisory Board: The Company gathered top-level thought leaders from around the world to solicit views, reach objectives and implement its holistic approach to sustainability across the ecosystem's entire value chain: Danielle Nierenberg, The President of Food Tank and an expert on sustainable agriculture and food issues; Aime Christensen, CEO of Christensen Global Strategies and the Founder and Executive Director of the Sun Valley Institute; and Marc Buckley, Advocatefor the UN SDG's, Advisor & Consultant to the UNFCCC, Expert for WEF on Innovation, Sustainability, Agriculture Seafood, Food, and Beverages, andClimate Speaker and Mentor trained by former US Vice President Al Gore. Z-Board: In February, the Company announced the establishment of its 'Z-Board' a dialogue platform that engages Generation Z leaders in the vision development for future generations. Sustainable Production and Process Design: The Company is collaborating with Black & Veatch, a global engineering and construction company, to build a resilient, compliant, and sustainable infrastructure for large-scale production with foundational principles of circular economy and renewable energy. In a recognition of its continuous efforts in developing efficient solutions for food security on Earth (and beyond last fall, the company was the first to producemeat on the International Space Station without dependency on local natural resources and without slaughtering animals, with 3D BioprintingSolutions), Aleph's innovation has been selected by Netexplo Forum, in partnership with UNESCO, as one of the 'ten most promising innovations of the year' in terms of its positive impact and sustainable development.As part of raising awareness to the impact of many small viral changes in the ways we manage our lives on the world around us, earlier in March the company has started powering an initiative called #MyViralChange. "At a time when the occurrence of regional and global crisis is increasing - African Swine Fever, Australia fires, COVID-19 food system resilience is at the core of Aleph Farms' vision and the key to building a better future for generations that follow," says Didier Toubia, Co-Founder and CEO of Aleph Farms. "We have to rethink the way we use our natural resources, but our sustainability approach encompasses not only aggressive environmental goals. It also targets social, nutritional and economic objectives. We are identifying challenges and bottlenecks, engaging with experts and youth leaders, raising awareness and driving innovation across the entire value chain in order to accelerate the necessary global transition of our food system into the right direction.""The way food systems across the world utilize the world's finite resources wields a major influence on the direction in which climate change, food security, and socio-economic consequences will follow," adds Lee Recht, PhD, Head of Sustainability at Aleph Farms. "We see the situation and the challenges through an 'innovation lens' that helps us understand the responsibility we share and the impact we have on the state of our world and our people."About Aleph Farms:Aleph Farms is a food company that paves a new way forward as a leader of the global sustainable food ecosystem, working passionately to grow delicious, real beef steaks from the cells of living cows. With the goal of helping to reshape the global meat market (valued at more than US$1 trillion, and growing), Aleph Farms is one of few companies poised to emerge as a leader in this space. The company reported in May 2019, on a US$12M Series-A investment participated by strategic partners and venture capital. Aleph Farms was co-founded with The Kitchen Hub and the Technion institute of Technology, Israel.Aleph Farms was named as one of the: 20 Hottest Startups of 2019, 50 Hot Tech Companies Globally in 2019, and Top 10 Israeli inventions of the last 10 years.Twitter/Linkedin/Facebook/Instagram/YouTube/Medium: @AlephFarmsFor further information, please contact: Company Contact: Press Contact Aleph Farms NutriPR Yoav Reisler External Relations Manager at Aleph Farms Tel: +972-52-4559924 [emailprotected] Ms. Liat Simha Tel: +972-9-974-2893 [emailprotected] www.nutripr.com Twitter: @LiatSimha SOURCE Aleph Farms
Answer:
|
Aleph Farms Going Carbon-Neutral by 2025 English English English Sustainable food systems pioneer commits to net-zero emissions across its supply chain; leverages existing plans for pilot plant (BioFarm) to reach sustainability goals at scale
|
REHOVOT, Israel, April 22, 2020 /PRNewswire/ --Aleph Farms, Ltd., announces its new sustainability strategy: to eliminate emissions associated with its meat production by 2025 and reach the same net-zero emissions across its entire supply chain by 2030. Aleph Farms cultivates delicious, real steak without harming animals or the environment. Amid the COVID-19 health crisis, Aleph Farms consolidates its approach for food system resilience not only to cope with local and global supply chain disruptions that put food securities at risk, but also to promote natural ecosystem preservation and reduce friction points with wild animals. As it prepares for active pilot-plant (BioFarm) operations next year, the company has set the bar higher for its sustainable development goals. Continue Reading Aleph Farms Going Carbon-Neutral by 2025 It is calculated that food production is responsible for over a quarter of global greenhouse gas emissions. Agriculture uses half of the world's habitable land and 70 percent of the freshwater withdrawals. In addition, 94 percent of mammal biomass (excluding humans) is livestock: outweighing wild mammals by a factor of 15-to-1 while posing a threat to the conservation of biodiversity in a global ecosystem. Aleph Farms' move sets to limit global warming to 1.5C as targeted under the Paris climate agreement and translate the European Green Deal resolutions into actionable climate practices that decrease ecological footprints of food production on a global scale. Striving to nourish the world and provide unconditional access to high-quality, safe and affordable nutrition to a growing population, Aleph Farms is actively engaging in a dialogue with livestock farmers to integrate cultivated meat as part of a solution set to fundamental challenges that the agriculture industry is facing, such as eroding revenues and increased retirement rate in developed countries. This establishment of a new category of meat products will actively support the capacity of current and future generations to maintain prosperous communities, as partners across the supply chain work jointly towards a carbon-neutral system. The company outlined a series of efforts and achievements it will leverage to reach its goals: Sustainability Advisory Board: The Company gathered top-level thought leaders from around the world to solicit views, reach objectives and implement its holistic approach to sustainability across the ecosystem's entire value chain: Danielle Nierenberg, The President of Food Tank and an expert on sustainable agriculture and food issues; Aime Christensen, CEO of Christensen Global Strategies and the Founder and Executive Director of the Sun Valley Institute; and Marc Buckley, Advocatefor the UN SDG's, Advisor & Consultant to the UNFCCC, Expert for WEF on Innovation, Sustainability, Agriculture Seafood, Food, and Beverages, andClimate Speaker and Mentor trained by former US Vice President Al Gore. Z-Board: In February, the Company announced the establishment of its 'Z-Board' a dialogue platform that engages Generation Z leaders in the vision development for future generations. Sustainable Production and Process Design: The Company is collaborating with Black & Veatch, a global engineering and construction company, to build a resilient, compliant, and sustainable infrastructure for large-scale production with foundational principles of circular economy and renewable energy. In a recognition of its continuous efforts in developing efficient solutions for food security on Earth (and beyond last fall, the company was the first to producemeat on the International Space Station without dependency on local natural resources and without slaughtering animals, with 3D BioprintingSolutions), Aleph's innovation has been selected by Netexplo Forum, in partnership with UNESCO, as one of the 'ten most promising innovations of the year' in terms of its positive impact and sustainable development.As part of raising awareness to the impact of many small viral changes in the ways we manage our lives on the world around us, earlier in March the company has started powering an initiative called #MyViralChange. "At a time when the occurrence of regional and global crisis is increasing - African Swine Fever, Australia fires, COVID-19 food system resilience is at the core of Aleph Farms' vision and the key to building a better future for generations that follow," says Didier Toubia, Co-Founder and CEO of Aleph Farms. "We have to rethink the way we use our natural resources, but our sustainability approach encompasses not only aggressive environmental goals. It also targets social, nutritional and economic objectives. We are identifying challenges and bottlenecks, engaging with experts and youth leaders, raising awareness and driving innovation across the entire value chain in order to accelerate the necessary global transition of our food system into the right direction.""The way food systems across the world utilize the world's finite resources wields a major influence on the direction in which climate change, food security, and socio-economic consequences will follow," adds Lee Recht, PhD, Head of Sustainability at Aleph Farms. "We see the situation and the challenges through an 'innovation lens' that helps us understand the responsibility we share and the impact we have on the state of our world and our people."About Aleph Farms:Aleph Farms is a food company that paves a new way forward as a leader of the global sustainable food ecosystem, working passionately to grow delicious, real beef steaks from the cells of living cows. With the goal of helping to reshape the global meat market (valued at more than US$1 trillion, and growing), Aleph Farms is one of few companies poised to emerge as a leader in this space. The company reported in May 2019, on a US$12M Series-A investment participated by strategic partners and venture capital. Aleph Farms was co-founded with The Kitchen Hub and the Technion institute of Technology, Israel.Aleph Farms was named as one of the: 20 Hottest Startups of 2019, 50 Hot Tech Companies Globally in 2019, and Top 10 Israeli inventions of the last 10 years.Twitter/Linkedin/Facebook/Instagram/YouTube/Medium: @AlephFarmsFor further information, please contact: Company Contact: Press Contact Aleph Farms NutriPR Yoav Reisler External Relations Manager at Aleph Farms Tel: +972-52-4559924 [emailprotected] Ms. Liat Simha Tel: +972-9-974-2893 [emailprotected] www.nutripr.com Twitter: @LiatSimha SOURCE Aleph Farms
|
edtsum5014
|
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, June 29, 2020 /PRNewswire/ -- The "Global Animal Nutrition Market 2019-2028" report has been added to ResearchAndMarkets.com's offering. The publisher, in its research report, estimates the global market for animal nutrition to proliferate with a CAGR of 5.18% in the forecast years 2019-2028.The industrialization of livestock, coupled with the high demand for animal nutrition products, is driving the growth of the global market. Further, there has been an upsurge in demand for meat and other such food products, which provides lucrative opportunities for market growth. Additionally, with the rise in people's disposable incomes, they are spending largely on consuming meat, as well as buying top-notch nutritional products for their pets. This is immensely aiding the animal nutrition market growth.However, animal nutrition products can be costly, owing to which, there is limited adoption. Another issue plaguing the market growth is the wide distribution of counterfeits. Moreover, these are priced at relatively lower rates, and hence, they find many takers. However, their consumption can have adverse effects on the body. In addition, the rising environmental challenges also pose a major threat to the growth of the global market for animal nutrition.The global animal nutrition market encompasses the regions of Europe, the Asia-Pacific, North America, Latin America, and the Middle East and Africa.The Asia-Pacific region holds the largest share in the global market. Besides, it is also the fastest-growing market for animal nutrition across the world. The region produces the largest amount of animal feed globally, which plays a crucial role in the rising demand for the use of animal nutrition products. Further, the growing production of swine feed in nations like Vietnam and Indonesia is expected to influence positive growth in the regional market over the next eight years.The prominent companies in this market include SHV, Elanco, Cargill Incorporated, Kemin Industries Inc, Nutrien Ltd, DSM, Church & Dwight Co Inc, BASF SE, Balchem Inc, Alltech, Evonik Industries AG, Novozymes, and Tata Chemicals Ltd.Elanco is engaged in manufacturing animal feed and animal nutrition food products for animal health across the globe. The company caters to a diverse set of customers, ranging from veterinary doctors to food producers, and other entities in the animal health industry. Elanco is a division of Eli Lilly and Company. Over 35 of its animal health & agricultural products have received approval in more than 80 nations.Key Topics Covered: 1. Global Animal Nutrition Market - Summary2. Industry Outlook2.1. Market Definition2.2. Porter's Five Forces Model2.2.1. Threat of New Entrants2.2.2. Threat of Substitute Products2.2.3. Bargaining Power of Buyers2.2.4. Bargaining Power of Suppliers2.2.5. Competitive Rivalry2.3. Key Insights2.4. PESTEL Analysis2.5. Market Attractiveness Index2.6. Market Drivers2.6.1. High Demand for Animal Nutrition2.6.2. Industrialization of Livestock2.7. Market Restraints2.7.1. High Cost of Animal Nutrition Ingredients2.7.2. Counterfeit Products2.8. Market Opportunities2.8.1. Increasing Disposable Income2.8.2. Surging Demand for Meat and Animal-Based Food Products2.9. Market Challenge2.9.1. Rising Environmental Challenges3. Animal Nutrition Market Outlook - by Product Type3.1. Amino Acids3.2. Vitamins3.3. Minerals3.4. Enzymes3.5. Fish Oils and Nutrition Lipids3.6. Eubiotics3.7. Carotenoids3.8. Other Product Types4. Animal Nutrition Market Outlook - by Species4.1. Poultry4.2. Swine4.3. Ruminants4.4. Pets4.5. Other Species5. Animal Nutrition Market Outlook - by Application5.1. Animal Feed Manufacturers5.2. Farms5.3. Households5.4. Veterinarians5.5. Other Application6. Animal Nutrition Market - Regional Outlook6.1. North America6.1.1. Market by Product Type6.1.2. Market by Species6.1.3. Market by Application6.1.4. Country Outlook6.1.4.1. The United States6.1.4.2. Canada6.2. Europe6.2.1. Market by Product Type6.2.2. Market by Species6.2.3. Market by Application6.2.4. Country Outlook6.2.4.1. The United Kingdom6.2.4.2. Germany6.2.4.3. France6.2.4.4. Italy6.2.4.5. Spain6.2.4.6. Russia6.2.4.7. Rest of Europe6.3. Asia-Pacific6.3.1. Market by Product Type6.3.2. Market by Species6.3.3. Market by Application6.3.4. Country Outlook6.3.4.1. China6.3.4.2. India6.3.4.3. South Korea6.3.4.4. Australia & New Zealand6.3.4.5. Japan6.3.4.6. Asean Countries6.3.4.7. Rest of Asia-Pacific6.4. Middle East and Africa6.4.1. Market by Product Type6.4.2. Market by Species6.4.3. Market by Application6.4.4. Country Outlook6.4.4.1. Saudi Arabia6.4.4.2. Turkey6.4.4.3. United Arab Emirates6.4.4.4. South Africa6.4.4.5. Rest of Middle East & Africa6.5. Latin America6.5.1. Market by Product Type6.5.2. Market by Species6.5.3. Market by Application6.5.4. Country Outlook6.5.4.1. Brazil6.5.4.2. Mexico6.5.4.3. Rest of Latin America7. Company Profiles7.1. Nutrien7.2. Kemin Industries7.3. Novozymes7.4. Balchem Corporation7.5. BASF SE7.6. Tata Chemicals Ltd Spa7.7. Cargill Inc7.8. SHV Nv7.9. Church & Dwight Co Inc7.10. DSM Nv7.11. Elanco7.12. Alltech Inc7.13. Evonik Industries AG8. Research Methodology & Scope8.1. Research Scope & Deliverables8.1.1. Objectives of Study8.1.2. Scope of Study8.2. Sources of Data8.2.1. Primary Data Sources8.2.2. Secondary Data Sources8.3. Research Methodology8.3.1. Evaluation of Proposed Market8.3.2. Identification of Data Sources8.3.3. Assessment of Market Determinants8.3.4. Data Collection8.3.5. Data Validation & AnalysisFor more information about this report visit https://www.researchandmarkets.com/r/mnkuxx 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:
|
Worldwide Animal Nutrition Industry to 2028 - by Product Type, Species and Application
|
DUBLIN, June 29, 2020 /PRNewswire/ -- The "Global Animal Nutrition Market 2019-2028" report has been added to ResearchAndMarkets.com's offering. The publisher, in its research report, estimates the global market for animal nutrition to proliferate with a CAGR of 5.18% in the forecast years 2019-2028.The industrialization of livestock, coupled with the high demand for animal nutrition products, is driving the growth of the global market. Further, there has been an upsurge in demand for meat and other such food products, which provides lucrative opportunities for market growth. Additionally, with the rise in people's disposable incomes, they are spending largely on consuming meat, as well as buying top-notch nutritional products for their pets. This is immensely aiding the animal nutrition market growth.However, animal nutrition products can be costly, owing to which, there is limited adoption. Another issue plaguing the market growth is the wide distribution of counterfeits. Moreover, these are priced at relatively lower rates, and hence, they find many takers. However, their consumption can have adverse effects on the body. In addition, the rising environmental challenges also pose a major threat to the growth of the global market for animal nutrition.The global animal nutrition market encompasses the regions of Europe, the Asia-Pacific, North America, Latin America, and the Middle East and Africa.The Asia-Pacific region holds the largest share in the global market. Besides, it is also the fastest-growing market for animal nutrition across the world. The region produces the largest amount of animal feed globally, which plays a crucial role in the rising demand for the use of animal nutrition products. Further, the growing production of swine feed in nations like Vietnam and Indonesia is expected to influence positive growth in the regional market over the next eight years.The prominent companies in this market include SHV, Elanco, Cargill Incorporated, Kemin Industries Inc, Nutrien Ltd, DSM, Church & Dwight Co Inc, BASF SE, Balchem Inc, Alltech, Evonik Industries AG, Novozymes, and Tata Chemicals Ltd.Elanco is engaged in manufacturing animal feed and animal nutrition food products for animal health across the globe. The company caters to a diverse set of customers, ranging from veterinary doctors to food producers, and other entities in the animal health industry. Elanco is a division of Eli Lilly and Company. Over 35 of its animal health & agricultural products have received approval in more than 80 nations.Key Topics Covered: 1. Global Animal Nutrition Market - Summary2. Industry Outlook2.1. Market Definition2.2. Porter's Five Forces Model2.2.1. Threat of New Entrants2.2.2. Threat of Substitute Products2.2.3. Bargaining Power of Buyers2.2.4. Bargaining Power of Suppliers2.2.5. Competitive Rivalry2.3. Key Insights2.4. PESTEL Analysis2.5. Market Attractiveness Index2.6. Market Drivers2.6.1. High Demand for Animal Nutrition2.6.2. Industrialization of Livestock2.7. Market Restraints2.7.1. High Cost of Animal Nutrition Ingredients2.7.2. Counterfeit Products2.8. Market Opportunities2.8.1. Increasing Disposable Income2.8.2. Surging Demand for Meat and Animal-Based Food Products2.9. Market Challenge2.9.1. Rising Environmental Challenges3. Animal Nutrition Market Outlook - by Product Type3.1. Amino Acids3.2. Vitamins3.3. Minerals3.4. Enzymes3.5. Fish Oils and Nutrition Lipids3.6. Eubiotics3.7. Carotenoids3.8. Other Product Types4. Animal Nutrition Market Outlook - by Species4.1. Poultry4.2. Swine4.3. Ruminants4.4. Pets4.5. Other Species5. Animal Nutrition Market Outlook - by Application5.1. Animal Feed Manufacturers5.2. Farms5.3. Households5.4. Veterinarians5.5. Other Application6. Animal Nutrition Market - Regional Outlook6.1. North America6.1.1. Market by Product Type6.1.2. Market by Species6.1.3. Market by Application6.1.4. Country Outlook6.1.4.1. The United States6.1.4.2. Canada6.2. Europe6.2.1. Market by Product Type6.2.2. Market by Species6.2.3. Market by Application6.2.4. Country Outlook6.2.4.1. The United Kingdom6.2.4.2. Germany6.2.4.3. France6.2.4.4. Italy6.2.4.5. Spain6.2.4.6. Russia6.2.4.7. Rest of Europe6.3. Asia-Pacific6.3.1. Market by Product Type6.3.2. Market by Species6.3.3. Market by Application6.3.4. Country Outlook6.3.4.1. China6.3.4.2. India6.3.4.3. South Korea6.3.4.4. Australia & New Zealand6.3.4.5. Japan6.3.4.6. Asean Countries6.3.4.7. Rest of Asia-Pacific6.4. Middle East and Africa6.4.1. Market by Product Type6.4.2. Market by Species6.4.3. Market by Application6.4.4. Country Outlook6.4.4.1. Saudi Arabia6.4.4.2. Turkey6.4.4.3. United Arab Emirates6.4.4.4. South Africa6.4.4.5. Rest of Middle East & Africa6.5. Latin America6.5.1. Market by Product Type6.5.2. Market by Species6.5.3. Market by Application6.5.4. Country Outlook6.5.4.1. Brazil6.5.4.2. Mexico6.5.4.3. Rest of Latin America7. Company Profiles7.1. Nutrien7.2. Kemin Industries7.3. Novozymes7.4. Balchem Corporation7.5. BASF SE7.6. Tata Chemicals Ltd Spa7.7. Cargill Inc7.8. SHV Nv7.9. Church & Dwight Co Inc7.10. DSM Nv7.11. Elanco7.12. Alltech Inc7.13. Evonik Industries AG8. Research Methodology & Scope8.1. Research Scope & Deliverables8.1.1. Objectives of Study8.1.2. Scope of Study8.2. Sources of Data8.2.1. Primary Data Sources8.2.2. Secondary Data Sources8.3. Research Methodology8.3.1. Evaluation of Proposed Market8.3.2. Identification of Data Sources8.3.3. Assessment of Market Determinants8.3.4. Data Collection8.3.5. Data Validation & AnalysisFor more information about this report visit https://www.researchandmarkets.com/r/mnkuxx 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
|
edtsum5016
|
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: PORTLAND, Ore.--(BUSINESS WIRE)--NuScale Power today announced that through further value engineering efforts, using advanced testing and modeling tools, NuScale analyzed and concluded that the NuScale Power Module (NPM) can generate an additional 25 percent more power per module for a total of 77 MWe per module (gross), resulting in about 924 MWe for the flagship 12-module power plant. Additionally, NuScale is announcing options for smaller power plant solutions in four-module (about 308 MWe) and six-module (about 462 MWe) sizes. Without impacting the unparalleled safety of our design, our engineers have proven yet again that NuScales technology is first-class, and can offer significant cost-savings and customization at a level yet to be seen in the nuclear energy market, said NuScale Power Chairman and Chief Executive Officer John Hopkins. With this advancement, NuScale continues to demonstrate that it is the global leader in the race to commercialize small modular reactors. Increasing the power generating capacity of a 12-module NuScale small modular reactor (SMR) plant by an additional 25 percent lowers the overnight capital cost of the facility on a per kilowatt basis from an expected $3,600 to approximately $2,850. Furthermore, the scalable, 12-module power plant will now approach a size that makes it a true competitor for the gigawatt-size market. The increased power output comes without any major changes to the NPM technology. The smaller power plant solutions will give NuScale customers more options in terms of size, power output, operational flexibility, and cost. They will also have a smaller and innovative footprint with a focus on simplifying construction, reducing construction duration (schedule) and lowering costs. This new solution allows NuScale to support a larger cross-section of customer needs including power for small grids such as for island nations; remote off-grid communities; industrial and government facilities; and replacement of coal-fueled generation that require less power and help customers meet clean air mandates. NuScale has heard from customers around the world, including in Canada, that there is need for and interest in smaller power plant solutions that meet their specific economic and power needs, added Hopkins. Our new four-module and six-module offerings, combined with the per module increase in power to 77 MWe, provide that flexibility and choice without compromising on the benefits and features of our flagship 12-module design. The regulatory process of increasing the level of maximum reactor power at which a nuclear plant can operate is referred to as a power uprate. The power increase will be reviewed by the U.S. Nuclear Regulatory Commission as part of NuScales Standard Design Approval (SDA) application, which NuScale is scheduled to submit in 2022. NuScales initial new products will be a four- and six-module power plant solution, although other configurations are possible. These smaller plant solutions are economically competitive and are underpinned by and leverage the industry leading NPM technology and safety case that has already been approved by the U.S. Nuclear Regulatory Commission. Like the flagship NuScale power plant, these smaller configurations will retain the capability to deliver scalable power plant solutions with features, capability and performance not found in other SMRs. NuScale will be able to deliver its first module to a client in 2027. About NuScale Power NuScale Power has developed a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, and other process heat applications. This groundbreaking small modular reactor (SMR) design features a fully factory-fabricated NuScale Power Module capable of generating 77 MW of electricity using a safer, smaller, and scalable version of pressurized water reactor technology. NuScale's scalable designa power plant can house up to 12 individual power modulesoffers the benefits of carbon-free energy and reduces the financial commitments associated with gigawatt-sized nuclear facilities. The majority investor in NuScale is Fluor Corporation, a global engineering, procurement, and construction company with a 60-year history in commercial nuclear power. NuScale is headquartered in Portland, OR and has offices in Corvallis, OR; Rockville, MD; Charlotte, NC; Richland, WA; and London, UK. Follow us on Twitter: @NuScale_Power, Facebook: NuScale Power, LLC, LinkedIn: NuScale-Power, and Instagram: nuscale_power. NuScale has a new logo, brand, and website. Watch the short video.
Answer:
|
NuScale Power Announces an Additional 25 Percent Increase in NuScale Power Module Output; Additional Power Plant Solutions; Meeting Canadas Needs Based on new analyses, the NuScale Power Module is able to increase its power output to 77 MWe and offer power plants in 300-460 MWe ranges to meet varying power needs of customers
|
PORTLAND, Ore.--(BUSINESS WIRE)--NuScale Power today announced that through further value engineering efforts, using advanced testing and modeling tools, NuScale analyzed and concluded that the NuScale Power Module (NPM) can generate an additional 25 percent more power per module for a total of 77 MWe per module (gross), resulting in about 924 MWe for the flagship 12-module power plant. Additionally, NuScale is announcing options for smaller power plant solutions in four-module (about 308 MWe) and six-module (about 462 MWe) sizes. Without impacting the unparalleled safety of our design, our engineers have proven yet again that NuScales technology is first-class, and can offer significant cost-savings and customization at a level yet to be seen in the nuclear energy market, said NuScale Power Chairman and Chief Executive Officer John Hopkins. With this advancement, NuScale continues to demonstrate that it is the global leader in the race to commercialize small modular reactors. Increasing the power generating capacity of a 12-module NuScale small modular reactor (SMR) plant by an additional 25 percent lowers the overnight capital cost of the facility on a per kilowatt basis from an expected $3,600 to approximately $2,850. Furthermore, the scalable, 12-module power plant will now approach a size that makes it a true competitor for the gigawatt-size market. The increased power output comes without any major changes to the NPM technology. The smaller power plant solutions will give NuScale customers more options in terms of size, power output, operational flexibility, and cost. They will also have a smaller and innovative footprint with a focus on simplifying construction, reducing construction duration (schedule) and lowering costs. This new solution allows NuScale to support a larger cross-section of customer needs including power for small grids such as for island nations; remote off-grid communities; industrial and government facilities; and replacement of coal-fueled generation that require less power and help customers meet clean air mandates. NuScale has heard from customers around the world, including in Canada, that there is need for and interest in smaller power plant solutions that meet their specific economic and power needs, added Hopkins. Our new four-module and six-module offerings, combined with the per module increase in power to 77 MWe, provide that flexibility and choice without compromising on the benefits and features of our flagship 12-module design. The regulatory process of increasing the level of maximum reactor power at which a nuclear plant can operate is referred to as a power uprate. The power increase will be reviewed by the U.S. Nuclear Regulatory Commission as part of NuScales Standard Design Approval (SDA) application, which NuScale is scheduled to submit in 2022. NuScales initial new products will be a four- and six-module power plant solution, although other configurations are possible. These smaller plant solutions are economically competitive and are underpinned by and leverage the industry leading NPM technology and safety case that has already been approved by the U.S. Nuclear Regulatory Commission. Like the flagship NuScale power plant, these smaller configurations will retain the capability to deliver scalable power plant solutions with features, capability and performance not found in other SMRs. NuScale will be able to deliver its first module to a client in 2027. About NuScale Power NuScale Power has developed a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, and other process heat applications. This groundbreaking small modular reactor (SMR) design features a fully factory-fabricated NuScale Power Module capable of generating 77 MW of electricity using a safer, smaller, and scalable version of pressurized water reactor technology. NuScale's scalable designa power plant can house up to 12 individual power modulesoffers the benefits of carbon-free energy and reduces the financial commitments associated with gigawatt-sized nuclear facilities. The majority investor in NuScale is Fluor Corporation, a global engineering, procurement, and construction company with a 60-year history in commercial nuclear power. NuScale is headquartered in Portland, OR and has offices in Corvallis, OR; Rockville, MD; Charlotte, NC; Richland, WA; and London, UK. Follow us on Twitter: @NuScale_Power, Facebook: NuScale Power, LLC, LinkedIn: NuScale-Power, and Instagram: nuscale_power. NuScale has a new logo, brand, and website. Watch the short video.
|
edtsum5021
|
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, April 21, 2020 /PRNewswire/ -- The global hiking gear and equipment marketsize is expected to reach USD 7.4 billion by 2027, expanding at a CAGR of 6.3%, according to a new report by Grand View Research, Inc. Several factors including increasing active travelers combined with rise in adventure tourism is boosting the trend towards hiking sports which is driving the penetration of hiking gear and equipment. In addition, the industry is expected to flourish owing to increasing prominence of outdoor sports activities as a result of rising emphasis on healthy living. Key suggestions from the report: In terms of revenue, the equipment segment is projected to witness a CAGR of 7.0% over the forecast years Specialty store distribution channel dominated the market with an overall revenue share of over 46.1% in 2019 North America dominated the hiking gear and equipment market in 2019 and constituted for 63.2% of the revenue share. This trend is projected to continue over the next few years The industry is highly competitive in nature with key players including The North Face, Mountain Hardwear, Black Diamond Equipment, Ltd., Marmot Mountain LLC, Amer Sports, Equinox Ltd., TATONKA, mont-bell Co.,Ltd., AMG-Group, and Sierra Designs. Read 80 page research report with ToC on "Hiking Gear & Equipment Market Size, Share & Trends Analysis Report By Product (Clothes, Footwear, Backpack, Equipment), By Distribution Channel (Specialty Stores, Retail Stores, Online), By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/hiking-gear-equipment-market Increasing number of millennials is resulting in rising prominence of various adventure sports activities which is causing growth in the market. According to the U.S. Census Bureau, youngest millennial is expected to reach its adulthood by 2020, thereby accounting for 28% of the U.S. population as well as 50% of the working population in the country. . Moreover, rising acceptance of various adventure sports as a measure to gain different experiences is holding greater attraction of consumers towards hiking. According to findings of a survey conducted by the Adventure Travel Trade Association in 2016, hiking was ranked as the most popular adventure activity, with 92.3% of the people surveyed had done the activity in U.S. thus, rising trends in the outdoor recreation and sports industry is fueling the market for hiking gear and equipment across regions. Hiking clothes witnessed the highest penetration in the market on account of being an integral part of the sporting essential. Latest trends suggesting urban hiker style is in vogue is also complementing the product sales. Rising prominence towards sustainability have led to introduction of new fabric and insulation technology which is also addressing animal welfare as well as environmental standards. Moreover, gaining prominence of women in outdoor clothing segment owing to rising participation of women hikers is also fueling the market demand for hiking apparel. Online channel of distribution witnessed the highest growth in the market owing to rising internet penetration across developing countries such as China, India, and Brazil which is helping develop online sales for the growing outdoor recreation and hiking products including gear and equipment. Increasing penetration of companies using online retail channels such as Moosejaw, Backcountry.com, and Eastern Mountain Sports is paving the way for increased demand of hiking gear and equipment. North America led the hiking gear and equipment market in 2019. Increased number of consumers seeking places for outdoor recreation in order to connect to nature as well as to practice healthy exercises is driving the market in this region. Increasing construction of hiking trails in U.S. is rising the number of hikers in the region, thereby propelling the growth of the market. According to report by the Outdoor Foundation, hiking is the fourth most popular outdoor activity in U.S., witnessing 44.9 million participants in 2018. Grand View Research has segmented the global hiking gear and equipment market on the basis of product, distribution channel, and region: Hiking Gear & Equipment Product Outlook (Revenue, USD Million, 2016 - 2027) Clothes Footwear Backpack Equipment Others Hiking Gear & Equipment Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027) Specialty stores Retail stores Online Hiking Gear & Equipment Regional Outlook (Revenue, USD Million, 2016 - 2027) North America U.S. Europe Germany U.K. Asia Pacific China Japan Central & South America Brazil Middle East & Africa Find more research reports on Clothing, Footwear & Accessories Industry, by Grand View Research: Disposable Face Mask Market The unprecedented spread of coronavirus worldwide, most notably in Europe and North America, is driving the demand for disposable face masks. Anti-pollution Mask Market Rising demand for pollution filtering products such as anti-pollution masks for maintaining health and well-being will boost the market growth. Anti-fatigue Mats Market Rising concerns over health problems including varicose veins, swelling in the legs, foot problems, poor blood circulation in the feet, circulatory and heart problems, and joint pain are expected to promote the utility of anti-fatigue mats. Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: +1-415-349-0058 Toll Free: 1-888-202-9519 Email: [emailprotected]Web: https://www.grandviewresearch.comFollow Us: LinkedIn | Twitter SOURCE Grand View Research, Inc.
Answer:
|
Hiking Gear & Equipment Market Size Worth $7.4 Billion By 2027: Grand View Research, Inc.
|
SAN FRANCISCO, April 21, 2020 /PRNewswire/ -- The global hiking gear and equipment marketsize is expected to reach USD 7.4 billion by 2027, expanding at a CAGR of 6.3%, according to a new report by Grand View Research, Inc. Several factors including increasing active travelers combined with rise in adventure tourism is boosting the trend towards hiking sports which is driving the penetration of hiking gear and equipment. In addition, the industry is expected to flourish owing to increasing prominence of outdoor sports activities as a result of rising emphasis on healthy living. Key suggestions from the report: In terms of revenue, the equipment segment is projected to witness a CAGR of 7.0% over the forecast years Specialty store distribution channel dominated the market with an overall revenue share of over 46.1% in 2019 North America dominated the hiking gear and equipment market in 2019 and constituted for 63.2% of the revenue share. This trend is projected to continue over the next few years The industry is highly competitive in nature with key players including The North Face, Mountain Hardwear, Black Diamond Equipment, Ltd., Marmot Mountain LLC, Amer Sports, Equinox Ltd., TATONKA, mont-bell Co.,Ltd., AMG-Group, and Sierra Designs. Read 80 page research report with ToC on "Hiking Gear & Equipment Market Size, Share & Trends Analysis Report By Product (Clothes, Footwear, Backpack, Equipment), By Distribution Channel (Specialty Stores, Retail Stores, Online), By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/hiking-gear-equipment-market Increasing number of millennials is resulting in rising prominence of various adventure sports activities which is causing growth in the market. According to the U.S. Census Bureau, youngest millennial is expected to reach its adulthood by 2020, thereby accounting for 28% of the U.S. population as well as 50% of the working population in the country. . Moreover, rising acceptance of various adventure sports as a measure to gain different experiences is holding greater attraction of consumers towards hiking. According to findings of a survey conducted by the Adventure Travel Trade Association in 2016, hiking was ranked as the most popular adventure activity, with 92.3% of the people surveyed had done the activity in U.S. thus, rising trends in the outdoor recreation and sports industry is fueling the market for hiking gear and equipment across regions. Hiking clothes witnessed the highest penetration in the market on account of being an integral part of the sporting essential. Latest trends suggesting urban hiker style is in vogue is also complementing the product sales. Rising prominence towards sustainability have led to introduction of new fabric and insulation technology which is also addressing animal welfare as well as environmental standards. Moreover, gaining prominence of women in outdoor clothing segment owing to rising participation of women hikers is also fueling the market demand for hiking apparel. Online channel of distribution witnessed the highest growth in the market owing to rising internet penetration across developing countries such as China, India, and Brazil which is helping develop online sales for the growing outdoor recreation and hiking products including gear and equipment. Increasing penetration of companies using online retail channels such as Moosejaw, Backcountry.com, and Eastern Mountain Sports is paving the way for increased demand of hiking gear and equipment. North America led the hiking gear and equipment market in 2019. Increased number of consumers seeking places for outdoor recreation in order to connect to nature as well as to practice healthy exercises is driving the market in this region. Increasing construction of hiking trails in U.S. is rising the number of hikers in the region, thereby propelling the growth of the market. According to report by the Outdoor Foundation, hiking is the fourth most popular outdoor activity in U.S., witnessing 44.9 million participants in 2018. Grand View Research has segmented the global hiking gear and equipment market on the basis of product, distribution channel, and region: Hiking Gear & Equipment Product Outlook (Revenue, USD Million, 2016 - 2027) Clothes Footwear Backpack Equipment Others Hiking Gear & Equipment Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027) Specialty stores Retail stores Online Hiking Gear & Equipment Regional Outlook (Revenue, USD Million, 2016 - 2027) North America U.S. Europe Germany U.K. Asia Pacific China Japan Central & South America Brazil Middle East & Africa Find more research reports on Clothing, Footwear & Accessories Industry, by Grand View Research: Disposable Face Mask Market The unprecedented spread of coronavirus worldwide, most notably in Europe and North America, is driving the demand for disposable face masks. Anti-pollution Mask Market Rising demand for pollution filtering products such as anti-pollution masks for maintaining health and well-being will boost the market growth. Anti-fatigue Mats Market Rising concerns over health problems including varicose veins, swelling in the legs, foot problems, poor blood circulation in the feet, circulatory and heart problems, and joint pain are expected to promote the utility of anti-fatigue mats. Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: +1-415-349-0058 Toll Free: 1-888-202-9519 Email: [emailprotected]Web: https://www.grandviewresearch.comFollow Us: LinkedIn | Twitter SOURCE Grand View Research, Inc.
|
edtsum5034
|
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 RAFAEL, Calif., July 20, 2020 /PRNewswire/ -- Phoenix American, a full-service fund administrationprovider for alternative investment funds, has published a new white paper examining the initial impacts of the COVID-19 pandemic crisis on the venture capital industry. Venture Capital & COVID-19: The State of Fundraising, Historical Downturn Insights & Startup Trendsanalyzes the effects on venture capital of the first four months of the pandemic crisis and the outlook for the rest of 2020 and beyond. The paper draws on Phoenix American's observations as a fund administrationprovider, conversations with the sponsors of its many client funds as well as interactions with partners, intermediaries and other participants in the industry. The company's twenty-plus years as a fund sponsor as well as forty-plus years as a provider of fund administration services provides a unique perspective on current events and their effects on investment funds. Top takeaways from the report include an analysis of the effects of previous economic downturns on venture capital, the current state of VC fundraising, the priorities for VCs during the crisis and key investment opportunities. The report considers several factors of interest. Conditions were already changing for venture capital going into the pandemic crisis. Concern for the late stage economic cycle had deal and exit flow starting to stall in 2019. There would be record high dry powder going into 2020. Historically, economic downturns have seen substantial contractions in aggregate deal volume, capital invested and deal size. Early-stage companies are hit especially hard. But there is a silver lining. Focus on the portfolio. VCs are concentrating on their existing portfolio companies, helping to chart a path to survival and a favorable post-pandemic exit, cutting costs and streamlining operations. Investment Opportunities are emerging in remote work and IT solutions including healthtech and fintech with workers largely still at home and health care top-of-mind for many Americans Term sheets are changing to reflect greater investor protections in this time of increased risk and due diligence processes are reflecting the same concerns. Fundraising. There is no lack of capital with historic levels of dry powder and rebounded inflows but investors are looking for experienced managers who have weathered previous economic storms. With a perspective coming from the company's experience with alternative investment funds, Phoenix American emphasizes the need for fund managers to be able to respond operationally to major economic disruptions with innovative solutions to fund raising, cash flow and deal acquisition that are supported by a versatile and robust back office infrastructure - a distinct advantage enjoyed by Phoenix American client funds in the current economic environment. "The economic disruption of COVID-19 has forced VCs to make rapid changes in the way they operate," said Andrew Constantin, Senior Vice President, Operations for Phoenix American. "A flexible and robust administrative infrastructure that is able to adapt to the needs of client funds in a time of crisis removes an element of risk and distraction and sets up managers to endure and succeed." About Phoenix AmericanPhoenix American Financial Services provides full-service fund administration, accounting, transfer agent and investor services as well as sales and marketing reporting to fund sponsors in the alternative investment industry. The Phoenix American aircraft group provides administration and accounting services for securitizations specializing in the commercial aviation leasing industry. The company is a subsidiary of Phoenix American Incorporated along with Phoenix American SalesFocus Solutions, providers of the cloud-based MARS CRM, Sales and Marketing Reporting and Compliance Management solutions for banks, insurance companies, asset management firms and other financial service organizations. Phoenix American was founded in 1972 and is headquartered in San Rafael, CA. For more information, contact Phoenix American at 1-866-895-5050 or visitwww.phxa.com. Media ContactDavid FisherDirector415-485-4673[emailprotected] SOURCE Phoenix American Related Links http://www.phxa.com
Answer:
|
Phoenix American Releases White Paper on the Impacts of the COVID-19 Pandemic Crisis on Venture Capital and 2020 Outlook for the Industry Report Provides Insights and Data on Fundraising, Investment Opportunities and Considerations for VCs and Startups Going Forward
|
SAN RAFAEL, Calif., July 20, 2020 /PRNewswire/ -- Phoenix American, a full-service fund administrationprovider for alternative investment funds, has published a new white paper examining the initial impacts of the COVID-19 pandemic crisis on the venture capital industry. Venture Capital & COVID-19: The State of Fundraising, Historical Downturn Insights & Startup Trendsanalyzes the effects on venture capital of the first four months of the pandemic crisis and the outlook for the rest of 2020 and beyond. The paper draws on Phoenix American's observations as a fund administrationprovider, conversations with the sponsors of its many client funds as well as interactions with partners, intermediaries and other participants in the industry. The company's twenty-plus years as a fund sponsor as well as forty-plus years as a provider of fund administration services provides a unique perspective on current events and their effects on investment funds. Top takeaways from the report include an analysis of the effects of previous economic downturns on venture capital, the current state of VC fundraising, the priorities for VCs during the crisis and key investment opportunities. The report considers several factors of interest. Conditions were already changing for venture capital going into the pandemic crisis. Concern for the late stage economic cycle had deal and exit flow starting to stall in 2019. There would be record high dry powder going into 2020. Historically, economic downturns have seen substantial contractions in aggregate deal volume, capital invested and deal size. Early-stage companies are hit especially hard. But there is a silver lining. Focus on the portfolio. VCs are concentrating on their existing portfolio companies, helping to chart a path to survival and a favorable post-pandemic exit, cutting costs and streamlining operations. Investment Opportunities are emerging in remote work and IT solutions including healthtech and fintech with workers largely still at home and health care top-of-mind for many Americans Term sheets are changing to reflect greater investor protections in this time of increased risk and due diligence processes are reflecting the same concerns. Fundraising. There is no lack of capital with historic levels of dry powder and rebounded inflows but investors are looking for experienced managers who have weathered previous economic storms. With a perspective coming from the company's experience with alternative investment funds, Phoenix American emphasizes the need for fund managers to be able to respond operationally to major economic disruptions with innovative solutions to fund raising, cash flow and deal acquisition that are supported by a versatile and robust back office infrastructure - a distinct advantage enjoyed by Phoenix American client funds in the current economic environment. "The economic disruption of COVID-19 has forced VCs to make rapid changes in the way they operate," said Andrew Constantin, Senior Vice President, Operations for Phoenix American. "A flexible and robust administrative infrastructure that is able to adapt to the needs of client funds in a time of crisis removes an element of risk and distraction and sets up managers to endure and succeed." About Phoenix AmericanPhoenix American Financial Services provides full-service fund administration, accounting, transfer agent and investor services as well as sales and marketing reporting to fund sponsors in the alternative investment industry. The Phoenix American aircraft group provides administration and accounting services for securitizations specializing in the commercial aviation leasing industry. The company is a subsidiary of Phoenix American Incorporated along with Phoenix American SalesFocus Solutions, providers of the cloud-based MARS CRM, Sales and Marketing Reporting and Compliance Management solutions for banks, insurance companies, asset management firms and other financial service organizations. Phoenix American was founded in 1972 and is headquartered in San Rafael, CA. For more information, contact Phoenix American at 1-866-895-5050 or visitwww.phxa.com. Media ContactDavid FisherDirector415-485-4673[emailprotected] SOURCE Phoenix American Related Links http://www.phxa.com
|
edtsum5037
|
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)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Arcimoto, Inc. (NASDAQ: FUV) resulting from allegations that Arcimoto may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Arcimoto securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law firm is preparing a class action seeking recovery of investor losses. WHAT TO DO NEXT: To join the prospective class action, go to http://www.rosenlegal.com/cases-register-2064.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. WHAT IS THIS ABOUT: On March 23, 2021, Bonitas Research published a short-seller report on Arcimoto. In the report, Bonitas alleges that Arcimoto fabricated pre-orders to generate fake demand, only delivered on 19 of the 422 alleged pre-orders since 2018, sold a 13 of the 19 pre-orders to an undisclosed related party, and failed to notify customers that Arcimoto filed a total production recall notice with the United States Governments federal agency, the National Highway Traffic Safety Administration. Arcimotos shares dropped by $1.10, or approximately 6.56%, from closing at $16.77 on March 22, 2021 to close at $15.67 on March 23, 2021. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience or resources. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020 founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs Bar. Many of the firms attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome.
Answer:
|
FUV BREAKING ALERT: Rosen Law Firm Encourages Arcimoto, Inc. Investors to Inquire About Class Action Investigation FUV
|
NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Arcimoto, Inc. (NASDAQ: FUV) resulting from allegations that Arcimoto may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Arcimoto securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law firm is preparing a class action seeking recovery of investor losses. WHAT TO DO NEXT: To join the prospective class action, go to http://www.rosenlegal.com/cases-register-2064.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. WHAT IS THIS ABOUT: On March 23, 2021, Bonitas Research published a short-seller report on Arcimoto. In the report, Bonitas alleges that Arcimoto fabricated pre-orders to generate fake demand, only delivered on 19 of the 422 alleged pre-orders since 2018, sold a 13 of the 19 pre-orders to an undisclosed related party, and failed to notify customers that Arcimoto filed a total production recall notice with the United States Governments federal agency, the National Highway Traffic Safety Administration. Arcimotos shares dropped by $1.10, or approximately 6.56%, from closing at $16.77 on March 22, 2021 to close at $15.67 on March 23, 2021. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience or resources. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020 founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs Bar. Many of the firms attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome.
|
edtsum5039
|
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 "Bathtub Suppliers Strategic Positioning and Leadership Quadrant" report has been added to ResearchAndMarkets.com's offering. The bathtub manufacture landscape is diverse and continually evolving. Major players in bathtub market have diversified product portfolios, strong geographical reach, and have made several strategic initiatives. The dynamics of the bathtub market extends beyond routine macro-economic elements of supply and demand. It is the relationship between buyer's needs and seller's capabilities as well as the macroeconomic forces at work that affect the market. It is how well and how efficiently the sellers meet the needs of the buyers that determine long-term success. Over the years, the level of demand for bathtub has increased due to increasing demand for urban housing along with increasing household income. Bathtub is used for a variety of end use markets, such as residential, new residential, remodeling, and commercial buildings and is forecast to grow at a CAGR of 4%. The major growth drivers for this market are the rise in housing construction, increasing demand for luxury plumbing fixtures, and rise in household income. Firms that produce bathtub are approaching market opportunities with starkly different strategies. The analyst, a leading global management consulting and market research firm, has analyzed the global bathtub suppliers and has come up with a comprehensive research report, "Leadership Quadrant and Strategic Positioning of Bathtub Suppliers". Using its proprietary research methodology, the analyst has developed a comparative analysis tool, the 'Leadership Quadrant,' which identifies leaders, contenders, visionaries, and specialists in the bathtub market and rates each bathtub producer. This report also offers a full competitive analysis from target markets to product mapping, from selling strategies to production capabilities. In this research study, eight companies such as Lixil, Kohler, Toto, Roca, Hansgrohe, Villeroy & Boch, Duravit, and HSIL were analyzed and profiled because they are the top revenue producers for bathtub. The eight profiled manufacturers are grouped in the quadrant. The leadership quadrant analyzes the relative strength among these players. The leadership quadrant addresses the need in the market for manufacturer evaluation based on objective data and metrics. This report answers the following key questions: Key Topics Covered: 1. Leadership Analysis 1.1: Market Description 1.2: Scoring Criteria 1.3: Leadership Quadrant Analysis 1.3.1: Leaders (Top Right) 1.3.2: Contenders (Bottom Right) 1.3.3: Visionaries (Top Left) 1.3.4: Specialists (Lower Left) 2. Competitive Benchmarking 2.1: Product Portfolio Analysis 2.2: Financial Strength 2.3: Market Share Analysis 2.3.1: Market Share in Various Segments 2.3.2: Market Share in Various Regions 3. Lixil Profile 3.1: Company Overview 3.1.1: Lixil Company Description and Business Segments 3.1.2: Lixil Company Statistics 3.2: Bathtub Business Overview 3.2.1: Bathtub Business Segment 3.2.2: Global Bathtub Operations 3.2.3: Key Differentiators and Strengths 3.3: Products and Product Positioning 3.3.1: Product Line Overview 3.3.2: Bathtub Product Mapping 3.3.3: Product Positioning in Market Segments 3.4: Markets and Market Positioning 3.4.1: Market Position in Global Bathtub Business 3.5: Revenue Breakdown by Market Segments 3.6: Revenue Breakdown by Regions 3.7: Production 3.7.1: Global Manufacturing Operations 3.8: Innovation and Market Leadership 3.9: Marketing, Sales, and Organizational Capabilities 3.9.1: Marketing and Sales 3.9.2: Management Commitment and Track Record 3.10: Financial Strength 4. Kohler Profile 5. Toto Profile 6. Roca Profile 7. Hansgrohe Profile 8. Villeroy & Boch Profile 9. Duravit Profile 10. HSIL Profile For more information about this report visit https://www.researchandmarkets.com/r/3o6n5j
Answer:
|
World Bathtub Suppliers Strategic Positioning and Leadership Report 2020-2021 Featuring Lixil, Kohler, Toto, Roca, Hansgrohe, Villeroy & Boch, Duravit, and HSIL - ResearchAndMarkets.com
|
DUBLIN--(BUSINESS WIRE)--The "Bathtub Suppliers Strategic Positioning and Leadership Quadrant" report has been added to ResearchAndMarkets.com's offering. The bathtub manufacture landscape is diverse and continually evolving. Major players in bathtub market have diversified product portfolios, strong geographical reach, and have made several strategic initiatives. The dynamics of the bathtub market extends beyond routine macro-economic elements of supply and demand. It is the relationship between buyer's needs and seller's capabilities as well as the macroeconomic forces at work that affect the market. It is how well and how efficiently the sellers meet the needs of the buyers that determine long-term success. Over the years, the level of demand for bathtub has increased due to increasing demand for urban housing along with increasing household income. Bathtub is used for a variety of end use markets, such as residential, new residential, remodeling, and commercial buildings and is forecast to grow at a CAGR of 4%. The major growth drivers for this market are the rise in housing construction, increasing demand for luxury plumbing fixtures, and rise in household income. Firms that produce bathtub are approaching market opportunities with starkly different strategies. The analyst, a leading global management consulting and market research firm, has analyzed the global bathtub suppliers and has come up with a comprehensive research report, "Leadership Quadrant and Strategic Positioning of Bathtub Suppliers". Using its proprietary research methodology, the analyst has developed a comparative analysis tool, the 'Leadership Quadrant,' which identifies leaders, contenders, visionaries, and specialists in the bathtub market and rates each bathtub producer. This report also offers a full competitive analysis from target markets to product mapping, from selling strategies to production capabilities. In this research study, eight companies such as Lixil, Kohler, Toto, Roca, Hansgrohe, Villeroy & Boch, Duravit, and HSIL were analyzed and profiled because they are the top revenue producers for bathtub. The eight profiled manufacturers are grouped in the quadrant. The leadership quadrant analyzes the relative strength among these players. The leadership quadrant addresses the need in the market for manufacturer evaluation based on objective data and metrics. This report answers the following key questions: Key Topics Covered: 1. Leadership Analysis 1.1: Market Description 1.2: Scoring Criteria 1.3: Leadership Quadrant Analysis 1.3.1: Leaders (Top Right) 1.3.2: Contenders (Bottom Right) 1.3.3: Visionaries (Top Left) 1.3.4: Specialists (Lower Left) 2. Competitive Benchmarking 2.1: Product Portfolio Analysis 2.2: Financial Strength 2.3: Market Share Analysis 2.3.1: Market Share in Various Segments 2.3.2: Market Share in Various Regions 3. Lixil Profile 3.1: Company Overview 3.1.1: Lixil Company Description and Business Segments 3.1.2: Lixil Company Statistics 3.2: Bathtub Business Overview 3.2.1: Bathtub Business Segment 3.2.2: Global Bathtub Operations 3.2.3: Key Differentiators and Strengths 3.3: Products and Product Positioning 3.3.1: Product Line Overview 3.3.2: Bathtub Product Mapping 3.3.3: Product Positioning in Market Segments 3.4: Markets and Market Positioning 3.4.1: Market Position in Global Bathtub Business 3.5: Revenue Breakdown by Market Segments 3.6: Revenue Breakdown by Regions 3.7: Production 3.7.1: Global Manufacturing Operations 3.8: Innovation and Market Leadership 3.9: Marketing, Sales, and Organizational Capabilities 3.9.1: Marketing and Sales 3.9.2: Management Commitment and Track Record 3.10: Financial Strength 4. Kohler Profile 5. Toto Profile 6. Roca Profile 7. Hansgrohe Profile 8. Villeroy & Boch Profile 9. Duravit Profile 10. HSIL Profile For more information about this report visit https://www.researchandmarkets.com/r/3o6n5j
|
edtsum5046
|
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)--The Board of Trustees of AllianzGI Convertible & Income Fund II (NYSE: NCZ) announced today they have declared a $0.34375 per share cash distribution payable on December 31, 2020 to Series A cumulative preferred shareholders of record on December 11, 2020. The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCZ PR A are rated AAA by Fitch Ratings and have an annual dividend rate of $1.375 per share. The 4,360,000 Series A Cumulative Preferred Shares were issued September 11, 2018 at $25.00 per share and will pay distributions quarterly. This distribution represents the accrual period from October 1, 2020 through December 31, 2020. The Series A Cumulative Preferred Shares will be callable at any time at the liquidation value of $25.00 per share plus accrued dividends from and after the expiration of a five-year non-call period on September 11, 2023. The actual composition and character of the distributions stated above and future distributions of the Fund may be materially different from the composition or character of such distributions that existed at the time of this press release and may be comprised of net investment income, capital gains and/or return of capital. Such factors affecting the foregoing include the varied nature of the Funds investments and the performance of those investments, and that the ultimate characterization of the Funds distribution cannot finally be determined until the end of the Funds fiscal year, resulting in the possibility of a return of capital if the Fund makes total distributions in an amount that exceeds its net investment income and net realized capital gains during its fiscal year. Additional information as applicable regarding the composition of the distributions will be made available at us.allianzgi.com/closedendfunds after the payable date. As a result of the foregoing and other factors, no assurance can be given as to the actual composition or character of the Funds distribution at the time of this press release and neither the Fund, Allianz Global Investors U.S. LLC (AllianzGI U.S.), nor any of its trustees, members, officers or employees assumes responsibility for such statements. This notice should not be used to prepare tax returns. In January 2021, Form 1099-DIV (or substitute Form 1099-DIV) will be sent to shareholders and will state the aggregate amount and tax characteristics of distributions for the 2020 calendar year. Allianz Global Investors U.S. LLC, an indirect, wholly-owned subsidiary of PFP Holdings, Inc., serves as the Funds investment manager and is a member of Munich-based Allianz Group. The Funds daily New York Stock Exchange closing market price, net asset value per share, as well as other information, including updated portfolio statistics and performance is available at us.allianzgi.com/closedendfunds or by calling the Funds shareholder servicing agent at (800) 254-5197. Statements made in this release that look forward in time involve risks and uncertainties and are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Funds performance, a general downturn in the economy, competition from other companies, changes in government policy or regulation, inability to attract or retain key employees, inability to implement its operating strategy and/or acquisition strategy, and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations. The Funds ability to pay distributions to common shareholders is subject to the restrictions in their registration statements, by-laws and other governing documents, as well as the Investment Company Act of 1940.
Answer:
|
AllianzGI Convertible & Income Fund II Declares Quarterly Distribution - 5.50% Series A Cumulative Preferred Shares
|
NEW YORK--(BUSINESS WIRE)--The Board of Trustees of AllianzGI Convertible & Income Fund II (NYSE: NCZ) announced today they have declared a $0.34375 per share cash distribution payable on December 31, 2020 to Series A cumulative preferred shareholders of record on December 11, 2020. The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCZ PR A are rated AAA by Fitch Ratings and have an annual dividend rate of $1.375 per share. The 4,360,000 Series A Cumulative Preferred Shares were issued September 11, 2018 at $25.00 per share and will pay distributions quarterly. This distribution represents the accrual period from October 1, 2020 through December 31, 2020. The Series A Cumulative Preferred Shares will be callable at any time at the liquidation value of $25.00 per share plus accrued dividends from and after the expiration of a five-year non-call period on September 11, 2023. The actual composition and character of the distributions stated above and future distributions of the Fund may be materially different from the composition or character of such distributions that existed at the time of this press release and may be comprised of net investment income, capital gains and/or return of capital. Such factors affecting the foregoing include the varied nature of the Funds investments and the performance of those investments, and that the ultimate characterization of the Funds distribution cannot finally be determined until the end of the Funds fiscal year, resulting in the possibility of a return of capital if the Fund makes total distributions in an amount that exceeds its net investment income and net realized capital gains during its fiscal year. Additional information as applicable regarding the composition of the distributions will be made available at us.allianzgi.com/closedendfunds after the payable date. As a result of the foregoing and other factors, no assurance can be given as to the actual composition or character of the Funds distribution at the time of this press release and neither the Fund, Allianz Global Investors U.S. LLC (AllianzGI U.S.), nor any of its trustees, members, officers or employees assumes responsibility for such statements. This notice should not be used to prepare tax returns. In January 2021, Form 1099-DIV (or substitute Form 1099-DIV) will be sent to shareholders and will state the aggregate amount and tax characteristics of distributions for the 2020 calendar year. Allianz Global Investors U.S. LLC, an indirect, wholly-owned subsidiary of PFP Holdings, Inc., serves as the Funds investment manager and is a member of Munich-based Allianz Group. The Funds daily New York Stock Exchange closing market price, net asset value per share, as well as other information, including updated portfolio statistics and performance is available at us.allianzgi.com/closedendfunds or by calling the Funds shareholder servicing agent at (800) 254-5197. Statements made in this release that look forward in time involve risks and uncertainties and are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Funds performance, a general downturn in the economy, competition from other companies, changes in government policy or regulation, inability to attract or retain key employees, inability to implement its operating strategy and/or acquisition strategy, and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations. The Funds ability to pay distributions to common shareholders is subject to the restrictions in their registration statements, by-laws and other governing documents, as well as the Investment Company Act of 1940.
|
edtsum5048
|
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, April 22, 2020 /PRNewswire/ -- Telit, a global enabler of the Internet of Things (IoT), today announced the addition of the ML865G1-WW to its well-known portfolio of low power NB-IoT and LTE-M modules. Compliant with 3GPP Release 14, the ML865G1-WW LTE UE Cat M1/ NB2 module enables increased power saving for IoT applications using Power Saving Mode (PSM) and extended Discontinuous Reception (eDRX), allowing devices to wake up periodically, delivering only the smallest amounts of data necessary before returning to sleep mode. With broad frequency bands support, the ML865G1-WW is ideally suited for global deployments. For devices deployed globally or across multiple countries, 2G fallback ensures connectivity where LTE-M and NB-IoT networks are not yet deployed on a national scale. For more information, visit: https://www.telit.com/m2m-iot-products/mobile-iot/. LTE CatM1/NB2 devices are optimized in cost, size and power consumption compared to higher UE categories. 3GPP Release 14 further improves these features by adding techniques to increase the data rate for LTE-M and NB-IoT. These advantages make the ML865G1-WW ideal for enabling quick, global implementation of LTE technology where low cost and low power are more relevant than high speed. The ML865G1-WW is pin-to-pin and software compatible with Telit 2G and 3G modules of the xL865 Family, allowing for an easy and quick transition of customers' designs to the newer and longer lifecycle LTE technologies for IoT. The ML865G1-WW supports Telit value-added services including: OneEdge an innovative module-embedded software with pre-packaged management tools that include LwM2M FOTA and device management. AppZone an app to module development environment. "Qualcomm Technologies is proud to collaborate with Telit on the ML865G1-WW to enhance the evolution of Telit xL865 2G and 3G designs," said Jeffery Torrance, Vice President, Business Development, Qualcomm Technologies, Inc. "The module takes advantage of the Qualcomm 9205 LTE Modem's high levels of hardware integration and ready-to-use cloud connectivity SDK tools to ensure Telit's customers can enjoy the savings and time-to-commercialization advantages that IoT products need in order to build scale." "The ML865G1-WW provides Telit customers with 2G and 3G deployments, based on the Telit xL865 form factor, a seamless way to upgrade their applications and extend product life-cycles using the latest LTE technologies," said Marco Argenton, Head of Product Management, Telit. "Thanks to global frequency bands, extended coverage support and 2G fallback, the ML865G1-WW is ideal for global deployment, including those regions such as EMEA and Latin America, where the new LTE-M and NB-IoT networks are not yet widely deployed on a national scale." Engineering samples are currently shipping with commercial availability following later in 2020. For more information on Telit OneEdge, register for our webinar, Mid-Large IoT Deployments: Tools You Need to Guarantee Success on Tuesday, May 12, 2020 at 11:00 a.m. EST. To learn more about any of Telit's products and solutions, register for one of our upcoming webinars or watch a replay. About TelitTelit(AIM: TCM), is a global leader in Internet of Things (IoT) enablement, with an extensive portfolio ofwireless connectivitymodules, platforms,virtual cellular IoT operator services, and professional services, empoweringhundreds of millions ofconnected 'things' to date, and trusted bythousandsofdirect and indirect customers,globally. With nearly two decades of IoT innovation experience, Telit continues to redefine the boundaries of digital business, by delivering secure, integratedend-to-end IoTsolutions for many of the world's largest brands, including enterprises, OEMs, system integrators and service providers across all industries,enabling their pursuit of enterprise digital transformation. Copyright 2020 Telit Communications PLC. All rights reserved. Telit, Telit OneEdge and all associated logos are trademarks of Telit Communications PLC in the United States and other countries. Other names used herein may be trademarks of their respective owners. Qualcomm is a trademark of Qualcomm Incorporated, registered in the United States and other countries. Qualcomm 9205 LTE Modem is a product of Qualcomm Technologies, Inc. and/or its subsidiaries. Media Contacts Leslie HartTelit+1 919-415-1510[emailprotected] Lora WilsonValerie ChristophersonGRCfor Telit+1 949-608-0276[emailprotected] SOURCE Telit Related Links http://www.telit.com
Answer:
|
Telit Introduces ML865G1-WW to xL865 Family Form Factor
|
LONDON, April 22, 2020 /PRNewswire/ -- Telit, a global enabler of the Internet of Things (IoT), today announced the addition of the ML865G1-WW to its well-known portfolio of low power NB-IoT and LTE-M modules. Compliant with 3GPP Release 14, the ML865G1-WW LTE UE Cat M1/ NB2 module enables increased power saving for IoT applications using Power Saving Mode (PSM) and extended Discontinuous Reception (eDRX), allowing devices to wake up periodically, delivering only the smallest amounts of data necessary before returning to sleep mode. With broad frequency bands support, the ML865G1-WW is ideally suited for global deployments. For devices deployed globally or across multiple countries, 2G fallback ensures connectivity where LTE-M and NB-IoT networks are not yet deployed on a national scale. For more information, visit: https://www.telit.com/m2m-iot-products/mobile-iot/. LTE CatM1/NB2 devices are optimized in cost, size and power consumption compared to higher UE categories. 3GPP Release 14 further improves these features by adding techniques to increase the data rate for LTE-M and NB-IoT. These advantages make the ML865G1-WW ideal for enabling quick, global implementation of LTE technology where low cost and low power are more relevant than high speed. The ML865G1-WW is pin-to-pin and software compatible with Telit 2G and 3G modules of the xL865 Family, allowing for an easy and quick transition of customers' designs to the newer and longer lifecycle LTE technologies for IoT. The ML865G1-WW supports Telit value-added services including: OneEdge an innovative module-embedded software with pre-packaged management tools that include LwM2M FOTA and device management. AppZone an app to module development environment. "Qualcomm Technologies is proud to collaborate with Telit on the ML865G1-WW to enhance the evolution of Telit xL865 2G and 3G designs," said Jeffery Torrance, Vice President, Business Development, Qualcomm Technologies, Inc. "The module takes advantage of the Qualcomm 9205 LTE Modem's high levels of hardware integration and ready-to-use cloud connectivity SDK tools to ensure Telit's customers can enjoy the savings and time-to-commercialization advantages that IoT products need in order to build scale." "The ML865G1-WW provides Telit customers with 2G and 3G deployments, based on the Telit xL865 form factor, a seamless way to upgrade their applications and extend product life-cycles using the latest LTE technologies," said Marco Argenton, Head of Product Management, Telit. "Thanks to global frequency bands, extended coverage support and 2G fallback, the ML865G1-WW is ideal for global deployment, including those regions such as EMEA and Latin America, where the new LTE-M and NB-IoT networks are not yet widely deployed on a national scale." Engineering samples are currently shipping with commercial availability following later in 2020. For more information on Telit OneEdge, register for our webinar, Mid-Large IoT Deployments: Tools You Need to Guarantee Success on Tuesday, May 12, 2020 at 11:00 a.m. EST. To learn more about any of Telit's products and solutions, register for one of our upcoming webinars or watch a replay. About TelitTelit(AIM: TCM), is a global leader in Internet of Things (IoT) enablement, with an extensive portfolio ofwireless connectivitymodules, platforms,virtual cellular IoT operator services, and professional services, empoweringhundreds of millions ofconnected 'things' to date, and trusted bythousandsofdirect and indirect customers,globally. With nearly two decades of IoT innovation experience, Telit continues to redefine the boundaries of digital business, by delivering secure, integratedend-to-end IoTsolutions for many of the world's largest brands, including enterprises, OEMs, system integrators and service providers across all industries,enabling their pursuit of enterprise digital transformation. Copyright 2020 Telit Communications PLC. All rights reserved. Telit, Telit OneEdge and all associated logos are trademarks of Telit Communications PLC in the United States and other countries. Other names used herein may be trademarks of their respective owners. Qualcomm is a trademark of Qualcomm Incorporated, registered in the United States and other countries. Qualcomm 9205 LTE Modem is a product of Qualcomm Technologies, Inc. and/or its subsidiaries. Media Contacts Leslie HartTelit+1 919-415-1510[emailprotected] Lora WilsonValerie ChristophersonGRCfor Telit+1 949-608-0276[emailprotected] SOURCE Telit Related Links http://www.telit.com
|
edtsum5049
|
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. 5, 2021 /PRNewswire/ -- The online gaming industry has completely taken off in the last few years and is accelerating faster than ever in 2020 due to the ongoing health crisis. With casinos shutting their doors for months on end and major sports postponing their seasons, online gambling has become a popular alternative among gamblers across the globe. Favorable regulatory development has also added to the online gambling industry's appeal, with six states voting in favor of online gaming legalization during the US election. Moving forward into 2021, the market is only expected to grow, creating an exciting opportunity for mobile gambling companies like 888 Holdings (OTCPK: EIHDF), Penn National Gaming (NASDAQ: PENN), International Game Technology PLC (NYSE: IGT), and Bragg Gaming Group (TSX-V: BRAG) (OTCQX: BRGGF). Online gambling revenue is expected to account for 20% of gambling revenue in 2020 and will likely take over a larger segment of the market as more US states embrace online gambling. By 2023, a projected 37 states will have legal sports betting, which stands to benefit companies looking to expand into new markets, such as Bragg Gaming Group. The company has already moved into several new European markets this year and is continuing to suss out new opportunities. Bragg Gaming Group Expands Its Reach What sets Bragg Gaming Group apart from other companies looking to dominate the massive mobile gambling market is that it specializes in providing turnkey B2B online gaming solutions to online casino operators. Over the last two years, the company has tripled its customer base and added several prominent names to its roster, including Seneca Resorts & Casinos, Kaizen Gaming, 888 Casino, SBTech, and soft2bet. Bragg has also continued to grow its revenue throughout 2020, posting a 44% increase in its Q1 2020 revenue and an impressive 107% increase in revenue in the second quarter. On November 23, Bragg Gaming Group announced its third quarter results, achieving 72% revenue growth year-over-year and generating Adjusted EBITDA of C$2.8 million in the quarter, as compared to C$300,000 for the same period in the prior year. Adjusted EBITDA margins also significantly increased to 15.7%, up from 2.6% in Q3 2019, due to improved cost control and higher scale. Moving into 2021, Bragg Gaming Group is looking to seize this opportunity with fast growth by strategically expanding into new markets as they open up legally to online casinos. On December 7, its subsidiary ORYX Gaming announced a multi-jurisdictional distribution deal with international operator Paf to provide its exclusive RGS content across several regulated markets and brands. As per the agreement, ORYX's content will be made available on Paf's online casinos in Estonia, Sweden, Spain, Latvia, and Finland. The news came just one week after Bragg announced its entrance into the Swiss market after signing a content deal with leading operator mycasino.ch by Grand Casino Luzern. Online Gambling Companies Grow Presence in Legal US States International online gambling platform 888 Holdings (OTC:EIHDF) is another company that has been expanding its reach. On December 2, the company announced that it will be expanding its sports betting services into Indiana, Colorado, and Iowa through various partnerships. Iowa legalized sports betting on professional sports in August 2019. Within the first year, Iowans wagered over $400 million, producing approximately $30 million in revenue for Iowa casinos. American casino and racetrack operator Penn National Gaming (NASDAQ:PENN) is another company looking to stake a claim in the US online gambling market. The company bought digital media company Barstool Sports in January for $450 million to gain entrance into the lucrative online betting market. In September, Penn National Gaming announced a soft launch of its new Barstool Sportsbook mobile app in Pennsylvania; then in November, the company announced the opening of its first retail-branded Barstool Sportsbook at Ameristar Casino Resort Spa Black Hawk. International Game Technology PLC (NYSE:IGT)has also been growing its stake in the US gaming market this year. On November 23, the company announced a multi-year agreement with Maverick Gaming. The deal will see IGT's leading PlaySports platform power retail sports betting at Maverick's three Colorado-based casinos, as well as interactive sports betting throughout Colorado through Play Maverick Sports. With more and more states and countries around the world moving towards online gambling legalization, leading online gaming companies like Bragg Gaming Group will likely continue to expand their reach and capture the growing market. Disclaimer: Microsmallcap.com (MSC) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security. The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of Bragg Gaming Group FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS 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 MSC and FNM undertake no obligation to update such statements. Media Contact: FN Media Group, LLC[emailprotected]+1(561)325-8757 SOURCE Microsmallcap.com
Answer:
|
Mobile Gambling Could Be 2021's Biggest Online Gaming Trend - FN Media Group Presents Microsmallcap.com Market Commentary
|
NEW YORK, Jan. 5, 2021 /PRNewswire/ -- The online gaming industry has completely taken off in the last few years and is accelerating faster than ever in 2020 due to the ongoing health crisis. With casinos shutting their doors for months on end and major sports postponing their seasons, online gambling has become a popular alternative among gamblers across the globe. Favorable regulatory development has also added to the online gambling industry's appeal, with six states voting in favor of online gaming legalization during the US election. Moving forward into 2021, the market is only expected to grow, creating an exciting opportunity for mobile gambling companies like 888 Holdings (OTCPK: EIHDF), Penn National Gaming (NASDAQ: PENN), International Game Technology PLC (NYSE: IGT), and Bragg Gaming Group (TSX-V: BRAG) (OTCQX: BRGGF). Online gambling revenue is expected to account for 20% of gambling revenue in 2020 and will likely take over a larger segment of the market as more US states embrace online gambling. By 2023, a projected 37 states will have legal sports betting, which stands to benefit companies looking to expand into new markets, such as Bragg Gaming Group. The company has already moved into several new European markets this year and is continuing to suss out new opportunities. Bragg Gaming Group Expands Its Reach What sets Bragg Gaming Group apart from other companies looking to dominate the massive mobile gambling market is that it specializes in providing turnkey B2B online gaming solutions to online casino operators. Over the last two years, the company has tripled its customer base and added several prominent names to its roster, including Seneca Resorts & Casinos, Kaizen Gaming, 888 Casino, SBTech, and soft2bet. Bragg has also continued to grow its revenue throughout 2020, posting a 44% increase in its Q1 2020 revenue and an impressive 107% increase in revenue in the second quarter. On November 23, Bragg Gaming Group announced its third quarter results, achieving 72% revenue growth year-over-year and generating Adjusted EBITDA of C$2.8 million in the quarter, as compared to C$300,000 for the same period in the prior year. Adjusted EBITDA margins also significantly increased to 15.7%, up from 2.6% in Q3 2019, due to improved cost control and higher scale. Moving into 2021, Bragg Gaming Group is looking to seize this opportunity with fast growth by strategically expanding into new markets as they open up legally to online casinos. On December 7, its subsidiary ORYX Gaming announced a multi-jurisdictional distribution deal with international operator Paf to provide its exclusive RGS content across several regulated markets and brands. As per the agreement, ORYX's content will be made available on Paf's online casinos in Estonia, Sweden, Spain, Latvia, and Finland. The news came just one week after Bragg announced its entrance into the Swiss market after signing a content deal with leading operator mycasino.ch by Grand Casino Luzern. Online Gambling Companies Grow Presence in Legal US States International online gambling platform 888 Holdings (OTC:EIHDF) is another company that has been expanding its reach. On December 2, the company announced that it will be expanding its sports betting services into Indiana, Colorado, and Iowa through various partnerships. Iowa legalized sports betting on professional sports in August 2019. Within the first year, Iowans wagered over $400 million, producing approximately $30 million in revenue for Iowa casinos. American casino and racetrack operator Penn National Gaming (NASDAQ:PENN) is another company looking to stake a claim in the US online gambling market. The company bought digital media company Barstool Sports in January for $450 million to gain entrance into the lucrative online betting market. In September, Penn National Gaming announced a soft launch of its new Barstool Sportsbook mobile app in Pennsylvania; then in November, the company announced the opening of its first retail-branded Barstool Sportsbook at Ameristar Casino Resort Spa Black Hawk. International Game Technology PLC (NYSE:IGT)has also been growing its stake in the US gaming market this year. On November 23, the company announced a multi-year agreement with Maverick Gaming. The deal will see IGT's leading PlaySports platform power retail sports betting at Maverick's three Colorado-based casinos, as well as interactive sports betting throughout Colorado through Play Maverick Sports. With more and more states and countries around the world moving towards online gambling legalization, leading online gaming companies like Bragg Gaming Group will likely continue to expand their reach and capture the growing market. Disclaimer: Microsmallcap.com (MSC) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security. The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of Bragg Gaming Group FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS 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 MSC and FNM undertake no obligation to update such statements. Media Contact: FN Media Group, LLC[emailprotected]+1(561)325-8757 SOURCE Microsmallcap.com
|
edtsum5052
|
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, Feb. 8, 2021 /PRNewswire/ --LiveXLive Media(Nasdaq: LIVX) ("LiveXLive"), a global platform for livestream and on-demand audio, video and podcast content in music, comedy and pop culture, and owner of PodcastOne, Slacker Radio, React Presentsand Custom Personalization Solutions ("CPS"),announced today that it plans to announce its operating and financial results for the third quarter ended December 31, 2020 on Thursday, February 11, 2021. About LiveXLive Media, Inc.Headquartered in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX) (the "Company") (pronounced Live "by" Live) is a leading global all-in-one streaming artist-first platform delivering premium music and entertainment content and livestreams from the world's top artists, expertly curated streaming radio stations, podcasts, vodcasts, and original video and audio on-demand content, as well as personalized merchandise, connecting artists to millions of fans every day. The Company, which has streamed over 1,800 artists since January 2020, has become a go-to partner for the world's top artists and celebrity voices as well as music festivals concerts, creating a valuable connection between bands, fans and brands by building long-term franchises in audio, video, podcasting, pay-per-view (PPV), livestreaming, and specialty merchandise. The Company's library of global concerts, festivals, and events, video-audio podcasts and original shows are also available on iOS, Android, Roku, Apple TV, and Amazon Fire, and through OTT, Samsung TV, STIRR, Sling, and XUMO,in addition to its own app, online website and social channels. The Company's wholly owned subsidiaries are Slacker Radio,React Presents,Custom Personalization Solutions and PodcastOne, which generates more than 2.1 billion podcast downloads annually across more than 350 weekly podcast episodes. For more information, visit www.livexlive.comand follow us onFacebook,Instagram,TikTokandTwitter. Forward-Looking StatementsAll statements other than statements of historical facts contained in this press release are "forward-looking statements," which may often, but not always, be identified by the use of such words as "may," "might," "will," "will likely result," "would," "should," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "continue," "target" or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: the Company's reliance on one key customer for a substantial percentage of its revenue; the Company's ability to consummate any proposed financing, acquisition or transaction, the timing of the closing of such proposed event, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all, or that the closing of any proposed financing, acquisition or transaction will not occur or whether any such event will enhance shareholder value; the Company's ability to continue as a going concern; the Company's ability to attract, maintain and increase the number of its users and paid subscribers; the Company identifying, acquiring, securing and developing content; the Company's intent to repurchase shares of its common stock from time to time under the stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; the Company's ability to maintain compliance with certain financial and other covenants; the Company successfully implementing its growth strategy, including relating to its technology platforms and applications; management's relationships with industry stakeholders; the effects of the global Covid-19 pandemic; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of the Company's subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2020, filed with the U.S. Securities and Exchange Commission (the "SEC") on June 26, 2020, Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, filed with the SEC on November 16, 2020, and in the Company's other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof and the Company disclaims any obligations to update these statements, except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. LiveXLive IR Contact: [emailprotected]310-601-2500 SOURCE LiveXLive Media, Inc. Related Links http://www.livexlive.com
Answer:
|
LiveXLive Media to Announce Third Quarter Fiscal 2021 Financial Results on Thursday, February 11th
|
LOS ANGELES, Feb. 8, 2021 /PRNewswire/ --LiveXLive Media(Nasdaq: LIVX) ("LiveXLive"), a global platform for livestream and on-demand audio, video and podcast content in music, comedy and pop culture, and owner of PodcastOne, Slacker Radio, React Presentsand Custom Personalization Solutions ("CPS"),announced today that it plans to announce its operating and financial results for the third quarter ended December 31, 2020 on Thursday, February 11, 2021. About LiveXLive Media, Inc.Headquartered in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX) (the "Company") (pronounced Live "by" Live) is a leading global all-in-one streaming artist-first platform delivering premium music and entertainment content and livestreams from the world's top artists, expertly curated streaming radio stations, podcasts, vodcasts, and original video and audio on-demand content, as well as personalized merchandise, connecting artists to millions of fans every day. The Company, which has streamed over 1,800 artists since January 2020, has become a go-to partner for the world's top artists and celebrity voices as well as music festivals concerts, creating a valuable connection between bands, fans and brands by building long-term franchises in audio, video, podcasting, pay-per-view (PPV), livestreaming, and specialty merchandise. The Company's library of global concerts, festivals, and events, video-audio podcasts and original shows are also available on iOS, Android, Roku, Apple TV, and Amazon Fire, and through OTT, Samsung TV, STIRR, Sling, and XUMO,in addition to its own app, online website and social channels. The Company's wholly owned subsidiaries are Slacker Radio,React Presents,Custom Personalization Solutions and PodcastOne, which generates more than 2.1 billion podcast downloads annually across more than 350 weekly podcast episodes. For more information, visit www.livexlive.comand follow us onFacebook,Instagram,TikTokandTwitter. Forward-Looking StatementsAll statements other than statements of historical facts contained in this press release are "forward-looking statements," which may often, but not always, be identified by the use of such words as "may," "might," "will," "will likely result," "would," "should," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "continue," "target" or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: the Company's reliance on one key customer for a substantial percentage of its revenue; the Company's ability to consummate any proposed financing, acquisition or transaction, the timing of the closing of such proposed event, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all, or that the closing of any proposed financing, acquisition or transaction will not occur or whether any such event will enhance shareholder value; the Company's ability to continue as a going concern; the Company's ability to attract, maintain and increase the number of its users and paid subscribers; the Company identifying, acquiring, securing and developing content; the Company's intent to repurchase shares of its common stock from time to time under the stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; the Company's ability to maintain compliance with certain financial and other covenants; the Company successfully implementing its growth strategy, including relating to its technology platforms and applications; management's relationships with industry stakeholders; the effects of the global Covid-19 pandemic; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of the Company's subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2020, filed with the U.S. Securities and Exchange Commission (the "SEC") on June 26, 2020, Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, filed with the SEC on November 16, 2020, and in the Company's other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof and the Company disclaims any obligations to update these statements, except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. LiveXLive IR Contact: [emailprotected]310-601-2500 SOURCE LiveXLive Media, Inc. Related Links http://www.livexlive.com
|
edtsum5055
|
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: MIAMI, April 20, 2020 /PRNewswire/ -- The COVID 19 pandemic is creating a substantial paradigm shift in how we live and work, swiftly changing the business ecosystem. Paradoxically, this global "slowdown" has actually accelerated the reality of the new 21st century digital world. At SDSol Technologies we always look beyond the current state to what will most likely be our "new" normal. Businesses have been forced to review and adjust objectives, practices and processes, office interactions, workflows, and corporate culture. Continue Reading Ian Darrah VP of Business Development. SDSol pictures. COVID19 N95 Respirator Masks COVID 19 has mandated a quick and encompassing switch to working remotely. Will this be part of the new normal? Most likely. Yet, not all companies are well prepared to execute a seamless transition. This rapid change to a widespread more permanent remote workforce requires transformational leadership, new infrastructure, strategic planning, and significant changes in business practices and processes. Adopting the right technology, with proper testing, training and support will be critical. As a tech company, SDSol Technologies transition to remote work has been smooth and we remain fully operational with most of our team working remotely on ongoing and new projects. We understand the major responsibility of maintaining flawless services to support our client's mission critical IT infrastructure and platform integrity. Healthcare is one of the industries most impacted by this pandemic. For SDSol's healthcare clients, tech operational elements keeps them connected and working. It is a lifeline for their business and customers. SDSol is thrilled to help support healthcare related businesses with cost savings during times of crisis. Additionally, SDSol has taken steps to support the local community. With employees working remotely, SDSol's CEO, Azam Malik, decided to donate the company's N95 Niosh Respirator Masks to the City of Coral Gables Emergency Management Office in Miami, Florida, for the benefit of first responders and public works employees. Business as usual is no longer an option after the corona virus pandemic, and no business has gone untouched. Remote working is only one of many aspects of the new business normal. What has not changed is that the businesses that continue to thrive have decisive visionary leaders, sound strategic planning and financing that generate a smart creative work environment, recruit and maintain talent, and quickly adjust to provide added value and better customer service. Successful companies recognize that technology is not the end product. It is a means to provide holistic business solutions during and after this corona virus pandemic.For more information contact Clari ValenzuelaTel 305-971-0682 Email: [emailprotected]www.sdsol.com SOURCE SDSol Technologies Related Links http://www.sdsol.com
Answer:
|
SDSol Technologies Examines the New Business Normal after COVID 19
|
MIAMI, April 20, 2020 /PRNewswire/ -- The COVID 19 pandemic is creating a substantial paradigm shift in how we live and work, swiftly changing the business ecosystem. Paradoxically, this global "slowdown" has actually accelerated the reality of the new 21st century digital world. At SDSol Technologies we always look beyond the current state to what will most likely be our "new" normal. Businesses have been forced to review and adjust objectives, practices and processes, office interactions, workflows, and corporate culture. Continue Reading Ian Darrah VP of Business Development. SDSol pictures. COVID19 N95 Respirator Masks COVID 19 has mandated a quick and encompassing switch to working remotely. Will this be part of the new normal? Most likely. Yet, not all companies are well prepared to execute a seamless transition. This rapid change to a widespread more permanent remote workforce requires transformational leadership, new infrastructure, strategic planning, and significant changes in business practices and processes. Adopting the right technology, with proper testing, training and support will be critical. As a tech company, SDSol Technologies transition to remote work has been smooth and we remain fully operational with most of our team working remotely on ongoing and new projects. We understand the major responsibility of maintaining flawless services to support our client's mission critical IT infrastructure and platform integrity. Healthcare is one of the industries most impacted by this pandemic. For SDSol's healthcare clients, tech operational elements keeps them connected and working. It is a lifeline for their business and customers. SDSol is thrilled to help support healthcare related businesses with cost savings during times of crisis. Additionally, SDSol has taken steps to support the local community. With employees working remotely, SDSol's CEO, Azam Malik, decided to donate the company's N95 Niosh Respirator Masks to the City of Coral Gables Emergency Management Office in Miami, Florida, for the benefit of first responders and public works employees. Business as usual is no longer an option after the corona virus pandemic, and no business has gone untouched. Remote working is only one of many aspects of the new business normal. What has not changed is that the businesses that continue to thrive have decisive visionary leaders, sound strategic planning and financing that generate a smart creative work environment, recruit and maintain talent, and quickly adjust to provide added value and better customer service. Successful companies recognize that technology is not the end product. It is a means to provide holistic business solutions during and after this corona virus pandemic.For more information contact Clari ValenzuelaTel 305-971-0682 Email: [emailprotected]www.sdsol.com SOURCE SDSol Technologies Related Links http://www.sdsol.com
|
edtsum5059
|
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, Oct. 6, 2020 /PRNewswire/ --Scott+Scott Attorneys at Law LLP("Scott+Scott"), an international shareholder and consumer rights litigation firm, is investigating whether Baozun Inc. ("Baozun" or the "Company") (NASDAQ: BZUN) or certain of its officers and directors violated federal securities laws. If you purchased Baozun American Depository Receipts (ADRs) pursuant and/or traceable to Baozun's April 2019 public offering, you are encouraged to contact Scott+Scott attorney Jonathan Zimmerman at (888) 398-9312 for more information. Baozun is a Shanghai, China-based e-commerce company that helps companies sell their branded goods online by providing end-to-end e-commerce services, including IT infrastructure setup and integration, sale of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing, and other fulfillment. On April 10, 2019, Baozun commenced a public offering, making available 2.25 million ADRs to the investing public at $40 per ADR. On October 5, 2020, Baozun's ADRs closed at $32.92, representing a decline of nearly 18%. What You Can Do If you purchased Baozun ADRs, and you wish to discuss this investigation, please contact attorney Jonathan Zimmerman at (888) 398-9312, or at [emailprotected], or visit the Baozun investigation page on our website at [https://scott-scott.com/investigation/baozun-inc/]. About Scott+Scott Attorneys at Law LLP Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio. Attorney Advertising CONTACT: Jonathan Zimmerman Scott+Scott Attorneys at Law LLP230 Park Ave, 17th Floor, NY, NY 10169(888) 398-9312 [emailprotected] SOURCE Scott+Scott Attorneys at Law LLP Related Links http://scott-scott.com
Answer:
|
Scott+Scott Attorneys at Law LLP Announces Investigation into Baozun Inc. (BZUN)
|
NEW YORK, Oct. 6, 2020 /PRNewswire/ --Scott+Scott Attorneys at Law LLP("Scott+Scott"), an international shareholder and consumer rights litigation firm, is investigating whether Baozun Inc. ("Baozun" or the "Company") (NASDAQ: BZUN) or certain of its officers and directors violated federal securities laws. If you purchased Baozun American Depository Receipts (ADRs) pursuant and/or traceable to Baozun's April 2019 public offering, you are encouraged to contact Scott+Scott attorney Jonathan Zimmerman at (888) 398-9312 for more information. Baozun is a Shanghai, China-based e-commerce company that helps companies sell their branded goods online by providing end-to-end e-commerce services, including IT infrastructure setup and integration, sale of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing, and other fulfillment. On April 10, 2019, Baozun commenced a public offering, making available 2.25 million ADRs to the investing public at $40 per ADR. On October 5, 2020, Baozun's ADRs closed at $32.92, representing a decline of nearly 18%. What You Can Do If you purchased Baozun ADRs, and you wish to discuss this investigation, please contact attorney Jonathan Zimmerman at (888) 398-9312, or at [emailprotected], or visit the Baozun investigation page on our website at [https://scott-scott.com/investigation/baozun-inc/]. About Scott+Scott Attorneys at Law LLP Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio. Attorney Advertising CONTACT: Jonathan Zimmerman Scott+Scott Attorneys at Law LLP230 Park Ave, 17th Floor, NY, NY 10169(888) 398-9312 [emailprotected] SOURCE Scott+Scott Attorneys at Law LLP Related Links http://scott-scott.com
|
edtsum5060
|
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: COLUMBUS, Ohio, April 23, 2020 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) ("Big Lots" or the "company") today announced that pursuant to an agreement with Macellum Advisors GP, LLC and Ancora Advisors, LLC and certain of their affiliates (the "Investor Group"), who beneficially own in the aggregate approximately 9.8% of the company's outstanding common shares, Andrew C. Clarke and Aaron Goldstein have been appointed to the company's Board of Directors ("Board"), effective immediately. The Board will also nominate Thomas A. Kingsbury to stand for election as a new independent director at the company's 2020 Annual Meeting of Shareholders (the "Annual Meeting"), and one incumbent director will not stand for reelection. In addition, Mr. Kingsbury will be invited to participate in all Board meetings until the Annual Meeting. Following the Annual Meeting, the Board will be composed of 11 directors, 10 of whom are independent. As part of the agreement with the Investor Group, the Board has created a new capital allocation planning committee, consisting of Bruce K. Thorn, the company's President and Chief Executive Officer, two current Big Lots directors, Wendy L. Schoppert, who will be the chair, and Cynthia T. Jamison, Mr. Clarke, and Mr. Goldstein. "Big Lots continues to focus on our transformational strategic roadmap to enhance performance and drive shareholder value over the long-term while we navigate the current COVID-19 crisis and the uncertain retail environment," said James R. Chambers, Chairman of the Big Lots Board. "Aaron, Andrew, and Tom will each add important experience and skillsets that will complement well the areas of expertise brought by our existing directors. We look forward to working with them to advance our business strategy." Mr. Clarke brings significant supply chain expertise, having served as Chief Financial Officer for four years at C.H. Robinson, the largest freight broker in the U.S. and one of the biggest third-party logistics providers in the world, and as Chief Executive Officer and President at Panther Expedited Services, Inc., now a wholly owned subsidiary of ArcBest Corporation. Mr. Goldstein brings finance and investment banking expertise, having served as Partner and Portfolio Manager at Macellum Capital Management since 2014 and from his prior roles at firms including Scopus Asset Management, JPMorgan Chase & Co. and The Bear Stearns Companies. Mr. Kingsbury will bring decades of C-suite and board experience, along with deep off-price retail expertise from his more than ten years as Chief Executive Officer of Burlington Stores, Inc. Mr. Chambers continued, "We have had a constructive dialogue with the Investor Group and we appreciate their input towards achieving our shared goal of driving shareholder value. We believe this outcome best positions us to move ahead in leveraging the fundamental strengths of Big Lots for the benefit of all of our stakeholders." Jonathan Duskin, the sole member of Macellum Advisors GP, LLC stated, "We are pleased to have reached this resolution with Big Lots, and appreciate the collaborative dialogue and engagement we have had with the Board. We believe this level of Board refreshment and the formation of a capital allocation planning committee are positive steps that will support the Board's efforts to deliver increasing value to shareholders." "We believe the addition of these three new directors further strengthens the Board, as these new directors will bring additional expertise and valuable insights to Big Lots. We look forward to working together with the Company to maximize value for all shareholders," said Fred DiSanto, Chief Executive Officer and Chairman of Ancora Advisors, LLC. Pursuant to the agreement, the Investor Group has agreed to customary standstill, voting and other provisions. Additional information will be filed on a Form 8-K with the U.S. Securities and Exchange Commission. Citi and Goldman Sachs & Co. LLC have acted as financial advisors to the company, and Sidley Austin LLP, Davis, Polk & Wardwell LLP and Vorys, Sater, Seymour and Pease LLP are serving as legal counsel. Olshan Frome Wolosky LLP is serving as legal advisor to the Investor Group. About the New Directors Aaron Goldstein, 37, has served as a Partner and Portfolio Manager at Macellum Capital Management since April 2014. Prior to that, Mr. Goldstein served as an Analyst at Millennium Management LLC, a New York-based pooled investment fund, from March 2013 to May 2013. Previously, he served as an Analyst at Scopus Asset Management, L.P., a hedge fund, from June 2012 to February 2013. Before that, Mr. Goldstein served as a Vice President at JPMorgan Chase & Co., an American multinational investment bank and financial services holding company, from March 2008 to June 2012. From May 2005 to March 2008, Mr. Goldstein served as an Analyst at the Bear Stearns Companies, Inc., a global investment bank, securities trading and brokerage firm. Mr. Goldstein holds a B.A. in economics from Trinity College. Andrew C. Clarke, 49, has served on the board of directors of Element Fleet Management Corp since June 2018. Mr. Clarke served as Chief Financial Officer of C.H. Robinson, Inc. from June 2015 to March 2019. Previously, Mr. Clarke served as Chief Executive Officer and President at Panther Expedited Services, Inc., now a wholly owned subsidiary of ArcBest Corporation from July 2006 to February 2013. Before that Mr. Clarke was CFO of Forward Air Corp. from 2001 to 2006. Mr. Clarke served on the boards of directors of Blount International, Inc. from April 2010 until it was acquired in April 2016 and Pacer International, Inc. from 2005 to 2009. Mr. Clarke holds a B.S. from Washington University in St. Louis and an M.B.A. from the University Of Chicago Booth School Of Business. Thomas A. Kingsbury, 67, has been a Director of BJ's Wholesale Club since February 2020 and a Director of Tractor Supply Company since November 2017. Most recently, Mr. Kingsbury served as the Chief Executive Officer of Burlington Stores, Inc. from 2008 to September 2019 and as its Executive Chairman from May 2014 to February 2020. Prior to that, he was Senior Executive Vice President Information Services, E-Commerce, Marketing and Business Development of Kohl's Corporation from 2006 to 2008. Mr. Kingsbury also held various management positions with The May Department Stores Company, an operator of department store chains, including President and Chief Executive Officer of the Filene's division. About Big Lots, Inc. Headquartered in Columbus, Ohio, Big Lots, Inc. (NYSE: BIG) is a discount retailer operating 1,404 BIG LOTS stores in 47 states with product assortments in the merchandise categories of Furniture, Seasonal, Soft Home, Food, Consumables, Hard Home, and Electronics, Toys & Accessories. The company's mission is to help people Live BIG and Save Lots. The company strives to be the BIG difference for a better life by delivering unmatched value to customers through surprise and delight, being a "best places to work" culture for associates, rewarding shareholders with consistent growth and top tier returns, and doing good in communities as the company does well. For more information about the company, visit www.biglots.com. Cautionary Statement Concerning Forward-Looking Statements Certain statements in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and such statements are intended to qualify for the protection of the safe harbor provided by the Act.The words "anticipate," "estimate," "expect," "objective," "goal," "project," "intend," "plan," "believe," "will," "should," "may," "target," "forecast," "guidance," "outlook" and similar expressions generally identify forward-looking statements. Similarly, descriptions of objectives, strategies, plans, goals or targets are also forward-looking statements. Forward-looking statements relate to the expectations of management as to future occurrences and trends, including statements expressing optimism or pessimism about future operating results or events and projected sales, earnings, capital expenditures and business strategy. Forward-looking statements are based upon a number of assumptions concerning future conditions that may ultimately prove to be inaccurate. Forward-looking statements are and will be based upon management's then-current views and assumptions regarding future events and operating performance and are applicable only as of the dates of such statements. Although the company believes the expectations expressed in forward-looking statements are based on reasonable assumptions within the bounds of knowledge, forward-looking statements, by their nature, involve risks, uncertainties and other factors, any one or a combination of which could materially affect business, financial condition, results of operations or liquidity. Forward-looking statements that the company makes herein and in other reports and releases are not guarantees of future performance and actual results may differ materially from those discussed in such forward-looking statements as a result of various factors, including, but not limited to, current economic and credit conditions, the cost of goods, the inability to successfully execute strategic initiatives, competitive pressures, economic pressures on customers and the company, the availability of brand name closeout merchandise, trade restrictions, freight costs, the risks discussed in the Risk Factors section of the company's most recent Annual Report on Form 10-K, and other factors discussed from time to time in other filings with the SEC, including Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. This release should be read in conjunction with such filings, and you should consider all of these risks, uncertainties and other factors carefully in evaluating forward-looking statements. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof. The company undertakes no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You are advised, however, to consult any further disclosures the company makes on related subjects in public announcements and SEC filings. Important Information Big Lots, Inc. (the "Company") intends to file a definitive proxy statement and associated proxy card in connection with the solicitation of proxies for the Company's 2020 Annual Meeting with the SEC. Details concerning the nominees of the Company's Board of Directors for election at the 2020 Annual Meeting will be included in the Proxy Statement. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SHAREHOLDERS OF THE COMPANY ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE SEC, INCLUDING THE COMPANY'S DEFINITIVE PROXY STATEMENT AND ANY SUPPLEMENTS THERETO, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and shareholders will be able to obtain a copy of the definitive proxy statement and other documents filed by the Company free of charge from the SEC's website, www.sec.gov. The Company's shareholders will also be able to obtain, without charge, a copy of the definitive proxy statement and other relevant filed documents by directing a request by mail to Big Lots Inc. at 4900 E. Dublin-Granville Road, Columbus, Ohio 43081, or from the investor relations section of the Company's website at www.biglots.com Participants in the Solicitation The Company, its directors and certain of its executive officers will be deemed participants in the solicitation of proxies from shareholders in respect of the 2020 Annual Meeting. Information regarding the names of the Company's directors and executive officers and their respective interests in the Company by security holdings or otherwise is set forth in the Company's Annual Report on Form 10-K for the fiscal year ended February 1, 2020, filed with the SEC on March 31, 2020 and the Company's definitive proxy statement for the 2019 Annual Meeting of Shareholders, filed with the SEC on April 16, 2019. To the extent holdings of such participants in the Company's securities have changed since the amounts described in the proxy statement for the 2019 Annual Meeting of Shareholders, such changes have been reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the interests of these participants in any proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will also be included in any proxy statement and other relevant materials to be filed with the SEC, if and when they become available. SOURCE Big Lots, Inc. Related Links http://www.biglots.com
Answer:
|
Big Lots Appoints Two New Independent Directors
|
COLUMBUS, Ohio, April 23, 2020 /PRNewswire/ -- Big Lots, Inc. (NYSE: BIG) ("Big Lots" or the "company") today announced that pursuant to an agreement with Macellum Advisors GP, LLC and Ancora Advisors, LLC and certain of their affiliates (the "Investor Group"), who beneficially own in the aggregate approximately 9.8% of the company's outstanding common shares, Andrew C. Clarke and Aaron Goldstein have been appointed to the company's Board of Directors ("Board"), effective immediately. The Board will also nominate Thomas A. Kingsbury to stand for election as a new independent director at the company's 2020 Annual Meeting of Shareholders (the "Annual Meeting"), and one incumbent director will not stand for reelection. In addition, Mr. Kingsbury will be invited to participate in all Board meetings until the Annual Meeting. Following the Annual Meeting, the Board will be composed of 11 directors, 10 of whom are independent. As part of the agreement with the Investor Group, the Board has created a new capital allocation planning committee, consisting of Bruce K. Thorn, the company's President and Chief Executive Officer, two current Big Lots directors, Wendy L. Schoppert, who will be the chair, and Cynthia T. Jamison, Mr. Clarke, and Mr. Goldstein. "Big Lots continues to focus on our transformational strategic roadmap to enhance performance and drive shareholder value over the long-term while we navigate the current COVID-19 crisis and the uncertain retail environment," said James R. Chambers, Chairman of the Big Lots Board. "Aaron, Andrew, and Tom will each add important experience and skillsets that will complement well the areas of expertise brought by our existing directors. We look forward to working with them to advance our business strategy." Mr. Clarke brings significant supply chain expertise, having served as Chief Financial Officer for four years at C.H. Robinson, the largest freight broker in the U.S. and one of the biggest third-party logistics providers in the world, and as Chief Executive Officer and President at Panther Expedited Services, Inc., now a wholly owned subsidiary of ArcBest Corporation. Mr. Goldstein brings finance and investment banking expertise, having served as Partner and Portfolio Manager at Macellum Capital Management since 2014 and from his prior roles at firms including Scopus Asset Management, JPMorgan Chase & Co. and The Bear Stearns Companies. Mr. Kingsbury will bring decades of C-suite and board experience, along with deep off-price retail expertise from his more than ten years as Chief Executive Officer of Burlington Stores, Inc. Mr. Chambers continued, "We have had a constructive dialogue with the Investor Group and we appreciate their input towards achieving our shared goal of driving shareholder value. We believe this outcome best positions us to move ahead in leveraging the fundamental strengths of Big Lots for the benefit of all of our stakeholders." Jonathan Duskin, the sole member of Macellum Advisors GP, LLC stated, "We are pleased to have reached this resolution with Big Lots, and appreciate the collaborative dialogue and engagement we have had with the Board. We believe this level of Board refreshment and the formation of a capital allocation planning committee are positive steps that will support the Board's efforts to deliver increasing value to shareholders." "We believe the addition of these three new directors further strengthens the Board, as these new directors will bring additional expertise and valuable insights to Big Lots. We look forward to working together with the Company to maximize value for all shareholders," said Fred DiSanto, Chief Executive Officer and Chairman of Ancora Advisors, LLC. Pursuant to the agreement, the Investor Group has agreed to customary standstill, voting and other provisions. Additional information will be filed on a Form 8-K with the U.S. Securities and Exchange Commission. Citi and Goldman Sachs & Co. LLC have acted as financial advisors to the company, and Sidley Austin LLP, Davis, Polk & Wardwell LLP and Vorys, Sater, Seymour and Pease LLP are serving as legal counsel. Olshan Frome Wolosky LLP is serving as legal advisor to the Investor Group. About the New Directors Aaron Goldstein, 37, has served as a Partner and Portfolio Manager at Macellum Capital Management since April 2014. Prior to that, Mr. Goldstein served as an Analyst at Millennium Management LLC, a New York-based pooled investment fund, from March 2013 to May 2013. Previously, he served as an Analyst at Scopus Asset Management, L.P., a hedge fund, from June 2012 to February 2013. Before that, Mr. Goldstein served as a Vice President at JPMorgan Chase & Co., an American multinational investment bank and financial services holding company, from March 2008 to June 2012. From May 2005 to March 2008, Mr. Goldstein served as an Analyst at the Bear Stearns Companies, Inc., a global investment bank, securities trading and brokerage firm. Mr. Goldstein holds a B.A. in economics from Trinity College. Andrew C. Clarke, 49, has served on the board of directors of Element Fleet Management Corp since June 2018. Mr. Clarke served as Chief Financial Officer of C.H. Robinson, Inc. from June 2015 to March 2019. Previously, Mr. Clarke served as Chief Executive Officer and President at Panther Expedited Services, Inc., now a wholly owned subsidiary of ArcBest Corporation from July 2006 to February 2013. Before that Mr. Clarke was CFO of Forward Air Corp. from 2001 to 2006. Mr. Clarke served on the boards of directors of Blount International, Inc. from April 2010 until it was acquired in April 2016 and Pacer International, Inc. from 2005 to 2009. Mr. Clarke holds a B.S. from Washington University in St. Louis and an M.B.A. from the University Of Chicago Booth School Of Business. Thomas A. Kingsbury, 67, has been a Director of BJ's Wholesale Club since February 2020 and a Director of Tractor Supply Company since November 2017. Most recently, Mr. Kingsbury served as the Chief Executive Officer of Burlington Stores, Inc. from 2008 to September 2019 and as its Executive Chairman from May 2014 to February 2020. Prior to that, he was Senior Executive Vice President Information Services, E-Commerce, Marketing and Business Development of Kohl's Corporation from 2006 to 2008. Mr. Kingsbury also held various management positions with The May Department Stores Company, an operator of department store chains, including President and Chief Executive Officer of the Filene's division. About Big Lots, Inc. Headquartered in Columbus, Ohio, Big Lots, Inc. (NYSE: BIG) is a discount retailer operating 1,404 BIG LOTS stores in 47 states with product assortments in the merchandise categories of Furniture, Seasonal, Soft Home, Food, Consumables, Hard Home, and Electronics, Toys & Accessories. The company's mission is to help people Live BIG and Save Lots. The company strives to be the BIG difference for a better life by delivering unmatched value to customers through surprise and delight, being a "best places to work" culture for associates, rewarding shareholders with consistent growth and top tier returns, and doing good in communities as the company does well. For more information about the company, visit www.biglots.com. Cautionary Statement Concerning Forward-Looking Statements Certain statements in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and such statements are intended to qualify for the protection of the safe harbor provided by the Act.The words "anticipate," "estimate," "expect," "objective," "goal," "project," "intend," "plan," "believe," "will," "should," "may," "target," "forecast," "guidance," "outlook" and similar expressions generally identify forward-looking statements. Similarly, descriptions of objectives, strategies, plans, goals or targets are also forward-looking statements. Forward-looking statements relate to the expectations of management as to future occurrences and trends, including statements expressing optimism or pessimism about future operating results or events and projected sales, earnings, capital expenditures and business strategy. Forward-looking statements are based upon a number of assumptions concerning future conditions that may ultimately prove to be inaccurate. Forward-looking statements are and will be based upon management's then-current views and assumptions regarding future events and operating performance and are applicable only as of the dates of such statements. Although the company believes the expectations expressed in forward-looking statements are based on reasonable assumptions within the bounds of knowledge, forward-looking statements, by their nature, involve risks, uncertainties and other factors, any one or a combination of which could materially affect business, financial condition, results of operations or liquidity. Forward-looking statements that the company makes herein and in other reports and releases are not guarantees of future performance and actual results may differ materially from those discussed in such forward-looking statements as a result of various factors, including, but not limited to, current economic and credit conditions, the cost of goods, the inability to successfully execute strategic initiatives, competitive pressures, economic pressures on customers and the company, the availability of brand name closeout merchandise, trade restrictions, freight costs, the risks discussed in the Risk Factors section of the company's most recent Annual Report on Form 10-K, and other factors discussed from time to time in other filings with the SEC, including Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. This release should be read in conjunction with such filings, and you should consider all of these risks, uncertainties and other factors carefully in evaluating forward-looking statements. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof. The company undertakes no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You are advised, however, to consult any further disclosures the company makes on related subjects in public announcements and SEC filings. Important Information Big Lots, Inc. (the "Company") intends to file a definitive proxy statement and associated proxy card in connection with the solicitation of proxies for the Company's 2020 Annual Meeting with the SEC. Details concerning the nominees of the Company's Board of Directors for election at the 2020 Annual Meeting will be included in the Proxy Statement. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SHAREHOLDERS OF THE COMPANY ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE SEC, INCLUDING THE COMPANY'S DEFINITIVE PROXY STATEMENT AND ANY SUPPLEMENTS THERETO, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and shareholders will be able to obtain a copy of the definitive proxy statement and other documents filed by the Company free of charge from the SEC's website, www.sec.gov. The Company's shareholders will also be able to obtain, without charge, a copy of the definitive proxy statement and other relevant filed documents by directing a request by mail to Big Lots Inc. at 4900 E. Dublin-Granville Road, Columbus, Ohio 43081, or from the investor relations section of the Company's website at www.biglots.com Participants in the Solicitation The Company, its directors and certain of its executive officers will be deemed participants in the solicitation of proxies from shareholders in respect of the 2020 Annual Meeting. Information regarding the names of the Company's directors and executive officers and their respective interests in the Company by security holdings or otherwise is set forth in the Company's Annual Report on Form 10-K for the fiscal year ended February 1, 2020, filed with the SEC on March 31, 2020 and the Company's definitive proxy statement for the 2019 Annual Meeting of Shareholders, filed with the SEC on April 16, 2019. To the extent holdings of such participants in the Company's securities have changed since the amounts described in the proxy statement for the 2019 Annual Meeting of Shareholders, such changes have been reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the interests of these participants in any proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will also be included in any proxy statement and other relevant materials to be filed with the SEC, if and when they become available. SOURCE Big Lots, Inc. Related Links http://www.biglots.com
|
edtsum5065
|
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: ROANOKE, Va., Nov. 25, 2020 /PRNewswire/ --Southern Trust Home Services, a leading electrical, HVAC and plumbing company serving southwest Virginia, is now accepting nominations for its yearly "Heat for a Hero" program. The selected nominee will receive a new heating system for their home, with time and materials for installation donated by Southern Trust in time for the Christmas holidays. (PRNewsfoto/Southern Trust Home Services) "This program was designed to help a veteran or active service member who is in need of a new heating system," said Ted Puzio, owner of Southern Trust Home Services. "With the winter months quickly approaching, it is important for those in need to have a warm home to escape the winter temperatures." Nominees can be retired veterans or those actively serving in the military. All nominees are confidential. A previous winner was a wounded veteran in Giles County who was using a wood stove for heat but was no longer able to keep it stocked. "This program is about paying it forward," Puzio said. "Our business has been able to grow in part because of those serving in the military. This program is a way to give back to someone who has sacrificed so that we may have the opportunity to live the American dream."Nominations will be accepted through Dec. 16. To submit your nomination of a deserving veteran for the "Heat for a Hero" program, please visithttps://www.southerntrusthomeservices.com/heat-for-a-hero/. About Southern Trust Home ServicesFounded in 1995 as Southern State Electric, Southern Trust Home Services provides residential plumbing, electrical HVAC services, drain cleaning and one day bath remodel services, including 24/7 emergency repairs, to homeowners in more than 60 cities throughout south west Virginia. Roanoke's first to offer a lifetime guarantee on all recommended repairs, Southern Trust Home Services staffs dedicated, certified, licensed and insured, drug and criminal background checked technicians who provide timely, same-day services for a variety of home repairs, installations, and maintenance. An A Better Business Bureau accredited company since 2006, Southern Trust Home Services has financing available including 0 percent for 18 months, and Lifetime Repair Guarantee on stated repairs. To find out more, call 540-343-4348 or visit www.southerntrusthomeservices.com.MEDIA CONTACT: Heather RipleyRipley PR865-977-1973[emailprotected]SOURCE Southern Trust Home Services Related Links http://www.southerntrusthomeservices.com
Answer:
|
Southern Trust Home Services now accepting nominations for 'Heat for a Hero' Annual program that awards a deserving military member in southwest Virginia with a new home heating system kicks off Nov. 25
|
ROANOKE, Va., Nov. 25, 2020 /PRNewswire/ --Southern Trust Home Services, a leading electrical, HVAC and plumbing company serving southwest Virginia, is now accepting nominations for its yearly "Heat for a Hero" program. The selected nominee will receive a new heating system for their home, with time and materials for installation donated by Southern Trust in time for the Christmas holidays. (PRNewsfoto/Southern Trust Home Services) "This program was designed to help a veteran or active service member who is in need of a new heating system," said Ted Puzio, owner of Southern Trust Home Services. "With the winter months quickly approaching, it is important for those in need to have a warm home to escape the winter temperatures." Nominees can be retired veterans or those actively serving in the military. All nominees are confidential. A previous winner was a wounded veteran in Giles County who was using a wood stove for heat but was no longer able to keep it stocked. "This program is about paying it forward," Puzio said. "Our business has been able to grow in part because of those serving in the military. This program is a way to give back to someone who has sacrificed so that we may have the opportunity to live the American dream."Nominations will be accepted through Dec. 16. To submit your nomination of a deserving veteran for the "Heat for a Hero" program, please visithttps://www.southerntrusthomeservices.com/heat-for-a-hero/. About Southern Trust Home ServicesFounded in 1995 as Southern State Electric, Southern Trust Home Services provides residential plumbing, electrical HVAC services, drain cleaning and one day bath remodel services, including 24/7 emergency repairs, to homeowners in more than 60 cities throughout south west Virginia. Roanoke's first to offer a lifetime guarantee on all recommended repairs, Southern Trust Home Services staffs dedicated, certified, licensed and insured, drug and criminal background checked technicians who provide timely, same-day services for a variety of home repairs, installations, and maintenance. An A Better Business Bureau accredited company since 2006, Southern Trust Home Services has financing available including 0 percent for 18 months, and Lifetime Repair Guarantee on stated repairs. To find out more, call 540-343-4348 or visit www.southerntrusthomeservices.com.MEDIA CONTACT: Heather RipleyRipley PR865-977-1973[emailprotected]SOURCE Southern Trust Home Services Related Links http://www.southerntrusthomeservices.com
|
edtsum5071
|
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 1, 2020 /PRNewswire/ -- The "United States' Desktop as-a-Service (DaaS) Market, 2019-2025" report has been added to ResearchAndMarkets.com's offering. The US Desktop as a Service market is anticipated to grow at a CAGR of more than 1% during forecast period.The well-established economy of the country laid the ground for the growth of the DaaS market. The individual in the country relies on digital devices, thus, it has raised the number of laptops, smartphones and computer users in the region. As per the ITU, the total number of mobile cellular in the US was estimated to be 391 million in 2017 as compared to 387 million in 2016. The number of smartphone users in the US has increased significantly over the past few years and the numbers are estimated to further rise in the future.Increasing adoption of BYOD trend owing to increasing smartphone penetration is one of the major factors that is driving the growth of the DaaS market. Employees have shown high interest in the use of one device for both professional and personal applications to avoid inconvenience due to carrying separate devices. Smartphones are estimated to be one of the major devices that are being used in companies for accessing their data. Smartphones account for more than 55% share in the BYOD market. Employees use smartphones for accessing personal and corporate information. The growing use of BYOD trend is creating demand for DaaS technology within the US region.The market is segmented on the basis of desktop type, cloud type, and model. Based on desktop type, the market is bifurcated into persistent and non-persistent. Based on cloud type market is sub-segmented into private, public and hybrid cloud. Based on model the market is sub-segmented into presentation virtualization, application virtualization, desktop virtualization, and others.Some of the companies which are contributing to the growth of the US Daas market include IBM Corp., Microsoft Corp., Oracle Corp., VMwazre Inc. and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.This report covers: A comprehensive research methodology of the US Desktop as a Service market. A detailed and extensive market overview with key analyst insights. An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations. Analysis of regional regulations and other government policies impacting the US Desktop as a Service market. Insights about market determinants which are stimulating the US Desktop as a Service market. Detailed and extensive market segments with regional distribution of forecasted revenues. Extensive profiles and recent developments of market players. Key Topics Covered 1. Report Summary1.1. Research Methods and Tools1.2. Market Breakdown1.2.1. By Segments2. Market Overview and Insights2.1. Scope of the Report2.2. Analyst Insight & Current Market Trends2.2.1. Key Findings2.2.2. Recommendations2.2.3. Conclusion2.3. Rules & Regulations3. Competitive Landscape3.1. Company Share Analysis3.2. Key Strategy Analysis3.3. Key Company Analysis3.3.1. Overview3.3.2. Financial Analysis3.3.3. SWOT Analysis3.3.4. Recent Developments4. Market Determinants4.1. Motivators4.2. Restraints4.3. Opportunities5. Market Segmentation5.1. US Desktop as a Service Market by Desktop Type5.1.1. Persistent5.1.2. Non-Persistent5.2. US Desktop as a Service Market by Cloud Type5.2.1. Private5.2.2. Public5.2.3. Hybrid5.3. US Desktop as a Service Market by Model5.3.1. Presentation Virtualization5.3.2. Application Virtualization5.3.3. Desktop Virtualization5.3.4. Others (personal or pool desktop)6. Company Profiles6.1. Amazon Web Services6.2. Cisco Systems Inc.6.3. Dell Inc.6.4. IBM Corp.6.5. Leostream Corp.6.6. Microsoft Corp.6.7. Navisite Inc.6.8. NTT Communication Corp.6.9. Oracle Corp.6.10. VMware Inc.For more information about this report visit https://www.researchandmarkets.com/r/irhnan 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:
|
U.S. Desktop as-a-Service (DaaS) Industry, 2025 - Rising BYOD Trend Creating Demand for DaaS Technology
|
DUBLIN, May 1, 2020 /PRNewswire/ -- The "United States' Desktop as-a-Service (DaaS) Market, 2019-2025" report has been added to ResearchAndMarkets.com's offering. The US Desktop as a Service market is anticipated to grow at a CAGR of more than 1% during forecast period.The well-established economy of the country laid the ground for the growth of the DaaS market. The individual in the country relies on digital devices, thus, it has raised the number of laptops, smartphones and computer users in the region. As per the ITU, the total number of mobile cellular in the US was estimated to be 391 million in 2017 as compared to 387 million in 2016. The number of smartphone users in the US has increased significantly over the past few years and the numbers are estimated to further rise in the future.Increasing adoption of BYOD trend owing to increasing smartphone penetration is one of the major factors that is driving the growth of the DaaS market. Employees have shown high interest in the use of one device for both professional and personal applications to avoid inconvenience due to carrying separate devices. Smartphones are estimated to be one of the major devices that are being used in companies for accessing their data. Smartphones account for more than 55% share in the BYOD market. Employees use smartphones for accessing personal and corporate information. The growing use of BYOD trend is creating demand for DaaS technology within the US region.The market is segmented on the basis of desktop type, cloud type, and model. Based on desktop type, the market is bifurcated into persistent and non-persistent. Based on cloud type market is sub-segmented into private, public and hybrid cloud. Based on model the market is sub-segmented into presentation virtualization, application virtualization, desktop virtualization, and others.Some of the companies which are contributing to the growth of the US Daas market include IBM Corp., Microsoft Corp., Oracle Corp., VMwazre Inc. and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.This report covers: A comprehensive research methodology of the US Desktop as a Service market. A detailed and extensive market overview with key analyst insights. An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations. Analysis of regional regulations and other government policies impacting the US Desktop as a Service market. Insights about market determinants which are stimulating the US Desktop as a Service market. Detailed and extensive market segments with regional distribution of forecasted revenues. Extensive profiles and recent developments of market players. Key Topics Covered 1. Report Summary1.1. Research Methods and Tools1.2. Market Breakdown1.2.1. By Segments2. Market Overview and Insights2.1. Scope of the Report2.2. Analyst Insight & Current Market Trends2.2.1. Key Findings2.2.2. Recommendations2.2.3. Conclusion2.3. Rules & Regulations3. Competitive Landscape3.1. Company Share Analysis3.2. Key Strategy Analysis3.3. Key Company Analysis3.3.1. Overview3.3.2. Financial Analysis3.3.3. SWOT Analysis3.3.4. Recent Developments4. Market Determinants4.1. Motivators4.2. Restraints4.3. Opportunities5. Market Segmentation5.1. US Desktop as a Service Market by Desktop Type5.1.1. Persistent5.1.2. Non-Persistent5.2. US Desktop as a Service Market by Cloud Type5.2.1. Private5.2.2. Public5.2.3. Hybrid5.3. US Desktop as a Service Market by Model5.3.1. Presentation Virtualization5.3.2. Application Virtualization5.3.3. Desktop Virtualization5.3.4. Others (personal or pool desktop)6. Company Profiles6.1. Amazon Web Services6.2. Cisco Systems Inc.6.3. Dell Inc.6.4. IBM Corp.6.5. Leostream Corp.6.6. Microsoft Corp.6.7. Navisite Inc.6.8. NTT Communication Corp.6.9. Oracle Corp.6.10. VMware Inc.For more information about this report visit https://www.researchandmarkets.com/r/irhnan 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
|
edtsum5077
|
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: ST. PETERSBURG, Fla., Feb. 25, 2021 /PRNewswire/ --Twelve months after shopper intelligence leader Catalina began closely tracking the impact of escalating coronavirus concerns on shopping and buying behavior at grocery and drug stores across the country, several categories have experienced strong sales spikes, while others continue to struggle. 12 months after COVID-19 concerns began gripping the USA, Catalina's Buyer Intelligence Database reveals how shopping behavior has dramatically shifted. Which categories have surged? Which have struggled? Knowing the products that shoppers are putting into their carts allows us to tailor highly effective marketing messages. Tweet this Also, in looking back at the past 52 weeks of data beginning with the week ending Feb. 15, 2020, shoppers mademoretrips than average in March as the pandemic set in, but drastically reduced trips in April as they began sheltering at home. The lingering impact of lockdowns paved the way for a nine percent average decline in weekly, in-person shopping trips starting in May 2020, compared to the prior year. While people by and large have been shopping less, they've been buying more. Spending per trip has increased by 23 percent on average, compared to 2019. Overall, average weekly spending on groceries has increased by 12%. The Top 5 categories seeing the greatest sales growth over the past year literally help keep the coronavirus at bay: 1. Home Health Testing Kits (includes Face Masks) - up 314% 4. Personal Moist Towelettes up 155% 2. Liquid Hand Soaps - up 246% 5. Household Cleaner Pre-moist Wipes up 129% 3. Disinfectant Cleaners - up 235% Since face masks account for 80% of the home health testing category, the strong sales performance has increased throughout the year as the Centers for Disease Control and the Biden Administration have emphasized how they can markedly reduce the risk of COVID-19 transmission.Eight of the next 10 top-selling categories are either food or beverages that show an increased appetite for convenience and/or comfort. The outliers are the Camping/Sports Accessories category, which reflects consumer excitement to return to the great outdoors as "shelter at home" restrictions were lifted when warmer weather set in; and Fire Logs, which demonstrate the popularity of gathering around bonfires in Summer and Fall, while warming up in front of home fireplaces during colder weather. 6. Refrigerated Snacks/Cakes Up 87% 11. Frozen Seafood Up 71% 7. Juice Frozen Drink Smoothies Up 85% 12. Bacon: Light/Turkey/Chicken Up 65% 8. Frozen Vegetables Breaded Up 83% 13. Baking/Biscuit Mixes Up 64% 9. Powdered Milk Up 82% 14. Breakfast Drink Mixes Up 61% 10. Camping/Sports Accessories Up 77% 15. Fire Logs Up 53% The rise of home baking during the pandemic has been well-documented and is underscored by data over the past year showing sales of Flour increased by 55%, Refrigerated Dough/Sweet Rolls up 46%, Brownie & Cookie Mixes up 45% and Shelf-Stable Pie Shells up 44% and Refrigerated Cookie/Brownie Dough and Yeast, both up 36%.Just as Powdered Milk and Baking Mixes had shown modest declines in the early "pre-pandemic" weeks of 2020, several other categories that were struggling also saw impressive sales spikes as the year progressed: Baking Extracts up 48%; Canned Pork & Beans and Chlorine Bleach both up 45%, Canned Meat Stew up 41%; and Marshmallows up 40%.With the majority of bars and restaurants either closed, open only for takeout, and/or offering limited seating, adult beverages experienced strong sales upticks this past year, with Premixed Cocktails/Coolers up 84%, Domestic Beer/Ale up 31%; Imported Wine up 28%, Domestic Wine up 25%, Spirits up 24% and Imported Beer up 23%. Bathroom Tissue, the subject of much-publicized panic buying in the early days of the pandemic, ended up experiencing a 33% and 30% uptick in premium and value brand sales respectively over the past 12 months.With so many Americans encouraged to work and attend school from home, there has been a noticeable decline in sales of personal care products over the past 12 months: - Wrinkle Reducers down 27% - Cosmetics Remover down 19% - Breath Fresheners down 26% - Eye Cosmetics down 11% - Face Cosmetics down 20% - Hair Care/Styling down 9% Likewise, with fewer opportunities for people to personally interact in business and social settings, several categories that experienced declining sales pre-pandemic continued that trend: - Hosiery & Tights down 33% - Weight Loss Pills down 15% - Make-up Gift Sets down 25% - Alertness Aids down 4% - Men's Toiletries Gift Sets down 25% - Stationery/School Supplies down 3% - Shoe Polish & Laces down 20% Applying the DataCatalina's data scientists and advanced analytics teams rely on the company's extensive Buyer Intelligence Database, which captures up to three years of purchase history and more than two billion Universal Product Codes, to track past shopping behavior. Then they apply their analytics skills and a combination of Artificial Intelligence and Machine Learning tools to help retailers and CPG brands develop marketing, media and activation strategies that both predict and influence purchase decisions in real time."We've painstakingly categorized shoppers into hundreds of customized audience segments on an anonymized basis in recent years. Knowing the type of products and brands they are likely to put into their carts allows us to tailor highly effective marketing messages and promotions, and deliver them across the most efficient media channels to trigger purchases," said Catalina CMO Marta Cyhan. "Doing so in the midst of a pandemic -- when shopper behavior has changed so profoundly -- benefits both retailers and brands, as well as their customers who are appreciating value more than ever during these uncertain times." Download Infographic: https://bit.ly/2P4x8tzAbout CatalinaCatalina is the market leader in shopper intelligence and highly targeted in-store,TV, and digital media that personalizes the shopper journey. Powered by the world's richest real-time shopper database, Catalina helps CPG brands, retailers and agencies optimize every stage of media planning, execution and measurement to deliver $6.1 billion in consumer value annually. Catalina has no higher priority than ensuring the privacy and security of the data entrusted to the company and maintaining consumer trust.Catalina has operations in the United States, Costa Rica, Europe and Japan.To learn more, please visitwww.catalina.comor follow us onTwitter @Catalina.SOURCE Catalina Related Links http://www.catalina.com
Answer:
|
The Lasting Impact on Retail Trends & Shopping Behavior One Year After COVID-19 Concerns Began Gripping USA Per Catalina Data, Household Cleaning Supplies Boom, Personal Care Products Decline
|
ST. PETERSBURG, Fla., Feb. 25, 2021 /PRNewswire/ --Twelve months after shopper intelligence leader Catalina began closely tracking the impact of escalating coronavirus concerns on shopping and buying behavior at grocery and drug stores across the country, several categories have experienced strong sales spikes, while others continue to struggle. 12 months after COVID-19 concerns began gripping the USA, Catalina's Buyer Intelligence Database reveals how shopping behavior has dramatically shifted. Which categories have surged? Which have struggled? Knowing the products that shoppers are putting into their carts allows us to tailor highly effective marketing messages. Tweet this Also, in looking back at the past 52 weeks of data beginning with the week ending Feb. 15, 2020, shoppers mademoretrips than average in March as the pandemic set in, but drastically reduced trips in April as they began sheltering at home. The lingering impact of lockdowns paved the way for a nine percent average decline in weekly, in-person shopping trips starting in May 2020, compared to the prior year. While people by and large have been shopping less, they've been buying more. Spending per trip has increased by 23 percent on average, compared to 2019. Overall, average weekly spending on groceries has increased by 12%. The Top 5 categories seeing the greatest sales growth over the past year literally help keep the coronavirus at bay: 1. Home Health Testing Kits (includes Face Masks) - up 314% 4. Personal Moist Towelettes up 155% 2. Liquid Hand Soaps - up 246% 5. Household Cleaner Pre-moist Wipes up 129% 3. Disinfectant Cleaners - up 235% Since face masks account for 80% of the home health testing category, the strong sales performance has increased throughout the year as the Centers for Disease Control and the Biden Administration have emphasized how they can markedly reduce the risk of COVID-19 transmission.Eight of the next 10 top-selling categories are either food or beverages that show an increased appetite for convenience and/or comfort. The outliers are the Camping/Sports Accessories category, which reflects consumer excitement to return to the great outdoors as "shelter at home" restrictions were lifted when warmer weather set in; and Fire Logs, which demonstrate the popularity of gathering around bonfires in Summer and Fall, while warming up in front of home fireplaces during colder weather. 6. Refrigerated Snacks/Cakes Up 87% 11. Frozen Seafood Up 71% 7. Juice Frozen Drink Smoothies Up 85% 12. Bacon: Light/Turkey/Chicken Up 65% 8. Frozen Vegetables Breaded Up 83% 13. Baking/Biscuit Mixes Up 64% 9. Powdered Milk Up 82% 14. Breakfast Drink Mixes Up 61% 10. Camping/Sports Accessories Up 77% 15. Fire Logs Up 53% The rise of home baking during the pandemic has been well-documented and is underscored by data over the past year showing sales of Flour increased by 55%, Refrigerated Dough/Sweet Rolls up 46%, Brownie & Cookie Mixes up 45% and Shelf-Stable Pie Shells up 44% and Refrigerated Cookie/Brownie Dough and Yeast, both up 36%.Just as Powdered Milk and Baking Mixes had shown modest declines in the early "pre-pandemic" weeks of 2020, several other categories that were struggling also saw impressive sales spikes as the year progressed: Baking Extracts up 48%; Canned Pork & Beans and Chlorine Bleach both up 45%, Canned Meat Stew up 41%; and Marshmallows up 40%.With the majority of bars and restaurants either closed, open only for takeout, and/or offering limited seating, adult beverages experienced strong sales upticks this past year, with Premixed Cocktails/Coolers up 84%, Domestic Beer/Ale up 31%; Imported Wine up 28%, Domestic Wine up 25%, Spirits up 24% and Imported Beer up 23%. Bathroom Tissue, the subject of much-publicized panic buying in the early days of the pandemic, ended up experiencing a 33% and 30% uptick in premium and value brand sales respectively over the past 12 months.With so many Americans encouraged to work and attend school from home, there has been a noticeable decline in sales of personal care products over the past 12 months: - Wrinkle Reducers down 27% - Cosmetics Remover down 19% - Breath Fresheners down 26% - Eye Cosmetics down 11% - Face Cosmetics down 20% - Hair Care/Styling down 9% Likewise, with fewer opportunities for people to personally interact in business and social settings, several categories that experienced declining sales pre-pandemic continued that trend: - Hosiery & Tights down 33% - Weight Loss Pills down 15% - Make-up Gift Sets down 25% - Alertness Aids down 4% - Men's Toiletries Gift Sets down 25% - Stationery/School Supplies down 3% - Shoe Polish & Laces down 20% Applying the DataCatalina's data scientists and advanced analytics teams rely on the company's extensive Buyer Intelligence Database, which captures up to three years of purchase history and more than two billion Universal Product Codes, to track past shopping behavior. Then they apply their analytics skills and a combination of Artificial Intelligence and Machine Learning tools to help retailers and CPG brands develop marketing, media and activation strategies that both predict and influence purchase decisions in real time."We've painstakingly categorized shoppers into hundreds of customized audience segments on an anonymized basis in recent years. Knowing the type of products and brands they are likely to put into their carts allows us to tailor highly effective marketing messages and promotions, and deliver them across the most efficient media channels to trigger purchases," said Catalina CMO Marta Cyhan. "Doing so in the midst of a pandemic -- when shopper behavior has changed so profoundly -- benefits both retailers and brands, as well as their customers who are appreciating value more than ever during these uncertain times." Download Infographic: https://bit.ly/2P4x8tzAbout CatalinaCatalina is the market leader in shopper intelligence and highly targeted in-store,TV, and digital media that personalizes the shopper journey. Powered by the world's richest real-time shopper database, Catalina helps CPG brands, retailers and agencies optimize every stage of media planning, execution and measurement to deliver $6.1 billion in consumer value annually. Catalina has no higher priority than ensuring the privacy and security of the data entrusted to the company and maintaining consumer trust.Catalina has operations in the United States, Costa Rica, Europe and Japan.To learn more, please visitwww.catalina.comor follow us onTwitter @Catalina.SOURCE Catalina Related Links http://www.catalina.com
|
edtsum5078
|
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, Feb. 5, 2021 /PRNewswire/ -- The "NGOs and Charitable Organizations Global Market Opportunities and Strategies to 2030: COVID-19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering. This report describes and evaluates the global NGOs and charitable organizations market. It covers two five-year periods, one three-year period, and one six-year period including, 2015 to 2019, termed the historic period, 2019 through 2023, the forecast period, 2023-2025 forecast period, and 2025-2030 the forecast period.The global NGOs and charitable organizations market reached a value of nearly $255,705.9 million in 2019, having increased at a compound annual growth rate (CAGR) of 4.4% since 2015. The market is expected to decline from $255,705.9 million in 2019 to $253,336.3 million in 2020 at a rate of -0.9%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5.3% from 2021 and reach $294,313.5 million in 2023. The market is expected to reach $325,651.4 million in 2025 at a CAGR of 5.2%, and 411,195.4 million in 2030 at a CAGR of 4.8%.Growth in the historic period resulted from strong economic growth in emerging markets, and rise in household disposable income. Factors that negatively affected growth in the historic period were government bans on some types of funding sources, and misuse of funding. Going forward, increasing corporate social responsibility, rising environmental awareness, and increasing use of internet will drive the growth. Factors that could hinder the growth of the NGOs and charitable organizations market in the future include geopolitical tensions, stringent regulations, and COVID-19.The top opportunities in the NGOs and charitable organizations market segmented by type will arise in the trust and foundations segment, which will gain $27,471.9 million of global annual sales by 2023. The top opportunities in the NGOs and charitable organizations market segmented by mode of donation will arise in the online segment, which will gain $38,925.0 million of global annual sales by 2023. The top opportunities in the NGOs and charitable organizations market segmented by organization location will arise in the domestic segment, which will gain $28,612.5 million of global annual sales by 2023. The NGOs and charitable organizations market is segmented by type into Trust And Foundations, Voluntary Health Organizations, Environment, Conservation And Wildlife Organizations, Human Rights Organizations, and Others - NGOs And Charitable Organizations. The trust and foundations market was the largest segment of the NGOs and charitable organizations market segmented by type, accounting for 56.8% of the total in 2019. It is also expected to be the fastest growing segment in the NGOs and charitable organizations market, going forward, at a CAGR of 4.43% during 2019-2023. The NGOs and charitable organizations market is also segmented by mode of donation into online, and offline. The online market was the largest segment of the NGOs and charitable organizations market segmented by mode of donation, accounting for 84.6% of the total in 2019. It is also expected to be the fastest growing segment in the NGOs and charitable organizations market, going forward, at a CAGR of 4.2% during 2019-2023. The NGOs and charitable organizations market is also segmented by organization location into domestic, and international. The domestic market was the largest segment of the NGOs and charitable organizations market segmented by organization location, accounting for 69.0% of the total in 2019. It is also expected to be the fastest growing segment in the NGOs and charitable organizations market, going forward, at a CAGR of 3.8% during 2019-2023. North America was the largest region in the global NGOs and charitable organizations market, accounting for 32.6% of the total in 2019. It was followed by Asia Pacific, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the NGOs and charitable market will be Asia Pacific, and the Middle East, where growth will be at CAGRs of 4.5% and 4.3% respectively. These will be followed by North America, and Eastern Europe, where the markets are expected to grow at CAGRs of 3.6% and 3.4% respectively during 2019-2023.The NGOs and charitable organizations market is highly fragmented, with large number of regional players operating in the market. The top 10 companies in the market occupied 4.21% of market share in the global NGOs and charitable organizations market. Major players in the market include Bill & Melinda Gates Foundation, Direct Relief, Medecins Sans Frontieres, AmeriCares, and The American Red Cross.Key Topics Covered: 1. NGOs And Charitable Organizations Market Executive Summary 2. Table of Contents 3. List of Figures 4. List of Tables 5. Report Structure 6. Introduction6.1. Segmentation By Geography6.2. Segmentation By Type6.3. Segmentation By Mode Of Donation6.4. Segmentation By Organization Location 7. NGOs And Charitable Organizations Market Characteristics7.1. Market Definition7.2. Segmentation By Type7.2.1. Trust And Foundations7.2.2. Voluntary Health Organizations7.2.3. Human Rights Organizations7.2.4. Environment, Conservation And Wildlife Organizations7.2.5. Others - NGOs And Charitable Organizations7.3. Segmentation By Mode Of Donation7.3.1. Online7.3.2. Offline7.4. Segmentation By Organization Location7.4.1. Domestic7.4.2. International 8. NGOs And Charitable Organizations Market, Supply Chain Analysis8.1.1. Resources8.1.2. Financial Institutions8.1.3. NGOs And Charitable Organizations8.1.4. End Users 9. NGOs And Charitable Organizations Market, Product/Service Analysis -Product/Service Examples9.1.1. Environment, Conservation And Wildlife Organizations9.1.2. Environment, Conservation And Wildlife Organizations 10. NGOs And Charitable Organizations Market Customer Information10.1. Level Of Trust In Different Countries10.2. Donations By Cause10.3. Technology Adoption Among The NGOs10.4. Financial Impact Of COVID-19 Pandemic On The NGOs In The UK 11. NGOs And Charitable Organizations Market Trends And Strategies11.1. Mobile Technology For Donations11.2. Crowd Funding Platforms To Raise Funds11.3. CRM Software To Track Donations11.4. NGO-Corporate Partnerships11.5. Predictive And Descriptive Analytics11.6. Drones For Wildlife Conservation 12. Impact Of COVID On The NGOS And Charitable Organizations Market12.1. The Role Of NGOs During The Pandemic12.2. Negative Impact On Charitable Organizations 13. Global NGOs And Charitable Organizations Market Size And Growth13.1. Market Size13.2. Historic Market Growth, 2015-2019, Value ($ Million)13.3. Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million) 14. NGOs And Charitable Organizations Market, Regional Analysis14.1. Global NGOs And Charitable Organizations Market, By Region, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)14.2. Global NGOs And Charitable Organizations Market, 2015 - 2023, Historic And Forecast, By Region14.3. Global NGOs And Charitable Organizations Market, 2019-2023, Growth And Market Share Comparison, By Region 15. Global NGOs And Charitable Organizations Market Segmentation15.1. Global NGOs And Charitable Organizations Market, Segmentation By Type, Historic And Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)15.1.1. Trust And Foundations15.1.2. Voluntary Health Organizations15.1.3. Others - NGOs And Charitable Organizations15.1.4. Environment, Conservation And Wildlife Organizations15.1.5. Human Rights Organizations15.2. Global NGOs And Charitable Organizations Market, Segmentation By Mode of Donation, Historic And Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)15.3. Global NGOs And Charitable Organizations Market, Segmentation By Organization Location, Historic And Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)15.3.1. Domestic distribution channel15.3.2. International distribution channel 16. Global NGOs And Charitable Organizations Market Comparison with Macro Economic Factors Companies Mentioned Bill & Melinda Gates Foundation Direct Relief Medecins Sans Frontieres AmeriCares The American Red Cross For more information about this report visit https://www.researchandmarkets.com/r/81w2nzResearch 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 NGOs and Charitable Organizations Markets, 2015-2019 & 2020-2030
|
DUBLIN, Feb. 5, 2021 /PRNewswire/ -- The "NGOs and Charitable Organizations Global Market Opportunities and Strategies to 2030: COVID-19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering. This report describes and evaluates the global NGOs and charitable organizations market. It covers two five-year periods, one three-year period, and one six-year period including, 2015 to 2019, termed the historic period, 2019 through 2023, the forecast period, 2023-2025 forecast period, and 2025-2030 the forecast period.The global NGOs and charitable organizations market reached a value of nearly $255,705.9 million in 2019, having increased at a compound annual growth rate (CAGR) of 4.4% since 2015. The market is expected to decline from $255,705.9 million in 2019 to $253,336.3 million in 2020 at a rate of -0.9%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5.3% from 2021 and reach $294,313.5 million in 2023. The market is expected to reach $325,651.4 million in 2025 at a CAGR of 5.2%, and 411,195.4 million in 2030 at a CAGR of 4.8%.Growth in the historic period resulted from strong economic growth in emerging markets, and rise in household disposable income. Factors that negatively affected growth in the historic period were government bans on some types of funding sources, and misuse of funding. Going forward, increasing corporate social responsibility, rising environmental awareness, and increasing use of internet will drive the growth. Factors that could hinder the growth of the NGOs and charitable organizations market in the future include geopolitical tensions, stringent regulations, and COVID-19.The top opportunities in the NGOs and charitable organizations market segmented by type will arise in the trust and foundations segment, which will gain $27,471.9 million of global annual sales by 2023. The top opportunities in the NGOs and charitable organizations market segmented by mode of donation will arise in the online segment, which will gain $38,925.0 million of global annual sales by 2023. The top opportunities in the NGOs and charitable organizations market segmented by organization location will arise in the domestic segment, which will gain $28,612.5 million of global annual sales by 2023. The NGOs and charitable organizations market is segmented by type into Trust And Foundations, Voluntary Health Organizations, Environment, Conservation And Wildlife Organizations, Human Rights Organizations, and Others - NGOs And Charitable Organizations. The trust and foundations market was the largest segment of the NGOs and charitable organizations market segmented by type, accounting for 56.8% of the total in 2019. It is also expected to be the fastest growing segment in the NGOs and charitable organizations market, going forward, at a CAGR of 4.43% during 2019-2023. The NGOs and charitable organizations market is also segmented by mode of donation into online, and offline. The online market was the largest segment of the NGOs and charitable organizations market segmented by mode of donation, accounting for 84.6% of the total in 2019. It is also expected to be the fastest growing segment in the NGOs and charitable organizations market, going forward, at a CAGR of 4.2% during 2019-2023. The NGOs and charitable organizations market is also segmented by organization location into domestic, and international. The domestic market was the largest segment of the NGOs and charitable organizations market segmented by organization location, accounting for 69.0% of the total in 2019. It is also expected to be the fastest growing segment in the NGOs and charitable organizations market, going forward, at a CAGR of 3.8% during 2019-2023. North America was the largest region in the global NGOs and charitable organizations market, accounting for 32.6% of the total in 2019. It was followed by Asia Pacific, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the NGOs and charitable market will be Asia Pacific, and the Middle East, where growth will be at CAGRs of 4.5% and 4.3% respectively. These will be followed by North America, and Eastern Europe, where the markets are expected to grow at CAGRs of 3.6% and 3.4% respectively during 2019-2023.The NGOs and charitable organizations market is highly fragmented, with large number of regional players operating in the market. The top 10 companies in the market occupied 4.21% of market share in the global NGOs and charitable organizations market. Major players in the market include Bill & Melinda Gates Foundation, Direct Relief, Medecins Sans Frontieres, AmeriCares, and The American Red Cross.Key Topics Covered: 1. NGOs And Charitable Organizations Market Executive Summary 2. Table of Contents 3. List of Figures 4. List of Tables 5. Report Structure 6. Introduction6.1. Segmentation By Geography6.2. Segmentation By Type6.3. Segmentation By Mode Of Donation6.4. Segmentation By Organization Location 7. NGOs And Charitable Organizations Market Characteristics7.1. Market Definition7.2. Segmentation By Type7.2.1. Trust And Foundations7.2.2. Voluntary Health Organizations7.2.3. Human Rights Organizations7.2.4. Environment, Conservation And Wildlife Organizations7.2.5. Others - NGOs And Charitable Organizations7.3. Segmentation By Mode Of Donation7.3.1. Online7.3.2. Offline7.4. Segmentation By Organization Location7.4.1. Domestic7.4.2. International 8. NGOs And Charitable Organizations Market, Supply Chain Analysis8.1.1. Resources8.1.2. Financial Institutions8.1.3. NGOs And Charitable Organizations8.1.4. End Users 9. NGOs And Charitable Organizations Market, Product/Service Analysis -Product/Service Examples9.1.1. Environment, Conservation And Wildlife Organizations9.1.2. Environment, Conservation And Wildlife Organizations 10. NGOs And Charitable Organizations Market Customer Information10.1. Level Of Trust In Different Countries10.2. Donations By Cause10.3. Technology Adoption Among The NGOs10.4. Financial Impact Of COVID-19 Pandemic On The NGOs In The UK 11. NGOs And Charitable Organizations Market Trends And Strategies11.1. Mobile Technology For Donations11.2. Crowd Funding Platforms To Raise Funds11.3. CRM Software To Track Donations11.4. NGO-Corporate Partnerships11.5. Predictive And Descriptive Analytics11.6. Drones For Wildlife Conservation 12. Impact Of COVID On The NGOS And Charitable Organizations Market12.1. The Role Of NGOs During The Pandemic12.2. Negative Impact On Charitable Organizations 13. Global NGOs And Charitable Organizations Market Size And Growth13.1. Market Size13.2. Historic Market Growth, 2015-2019, Value ($ Million)13.3. Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million) 14. NGOs And Charitable Organizations Market, Regional Analysis14.1. Global NGOs And Charitable Organizations Market, By Region, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)14.2. Global NGOs And Charitable Organizations Market, 2015 - 2023, Historic And Forecast, By Region14.3. Global NGOs And Charitable Organizations Market, 2019-2023, Growth And Market Share Comparison, By Region 15. Global NGOs And Charitable Organizations Market Segmentation15.1. Global NGOs And Charitable Organizations Market, Segmentation By Type, Historic And Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)15.1.1. Trust And Foundations15.1.2. Voluntary Health Organizations15.1.3. Others - NGOs And Charitable Organizations15.1.4. Environment, Conservation And Wildlife Organizations15.1.5. Human Rights Organizations15.2. Global NGOs And Charitable Organizations Market, Segmentation By Mode of Donation, Historic And Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)15.3. Global NGOs And Charitable Organizations Market, Segmentation By Organization Location, Historic And Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)15.3.1. Domestic distribution channel15.3.2. International distribution channel 16. Global NGOs And Charitable Organizations Market Comparison with Macro Economic Factors Companies Mentioned Bill & Melinda Gates Foundation Direct Relief Medecins Sans Frontieres AmeriCares The American Red Cross For more information about this report visit https://www.researchandmarkets.com/r/81w2nzResearch 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
|
edtsum5091
|
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: CAMBRIDGE, Mass., July 7, 2020 /PRNewswire/ --Invaio Sciences, Inc., a Flagship portfolio company focused on unlocking the potential of the planet's interdependent natural systems to solve pressing agriculture, nutrition and environmental challenges, today announced a new, exclusive world-wide license agreement with the University of California (UC-Riverside) for a novel technology developed by Professor Hailing Jin at the University of California Riverside. The technology is proven to control the pathogen that causes HLB/Citrus Greening - a severe plant disease carried by an insect called the Asian citrus psyllid that has dramatically and rapidly threatened the citrus industry by devastating millions of acres of citrus crops throughout the United States and abroad. "Invaio is enthusiastic to partner with UC Riverside and advance this innovative technology to develop solutions for combating the disease HLB/Citrus Greening," said Dr. Gerardo Ramos, Chief Science Officer at Invaio Science from his Basel, Switzerland offices. "Our novel approach with a focus on natural-based solutions in connection with plant and soil health will revolutionize agricultural practices in far more beneficial ways for the health of people and the planet. This relationship with UC Riverside will allow us to continue to learn from nature and enable biologicals to perform in a sustainable and reliable way. The prospects of addressing this type of incurable devastating crop disease to help agricultural communities and improve the environmental impact of production is exciting and rewarding." The innovation that Invaio will now license from UC Riverside harnesses naturally-occurring compounds called anti-microbial peptides produced naturally by citrus trees, that have been shown in extensive studies conducted by Dr. Jin, to kill the bacteria responsible for HLB in infected trees, and essentially "curing" infected trees. Dr. Jin, a professor of genetics, microbiology and plant pathology at UC Riverside, studies the molecular mechanisms of plant immunity and pathogen virulence, with the goal of developing effective and environmentally friendly strategies to control plant diseases and to ensure sufficient food production. This agreement extends Invaio's proprietary capabilities in direct delivery of biologics in trees, to combat this devastating disease. Under the terms of this agreement, UC has granted Invaio an exclusive, world-wide license with the rights to sublicense to this novel technology to develop and deploy products needed by the industry. Invaio Sciences has pioneered a novel approach to managing insect populations in a more sustainable and targeted way by controlling the nutritional function organ called the obligate microbial symbiont (OMS) to alter insect health. This new approach, coupled with the deep understanding of the inner workings of insects by Invaio's diverse team of scientists, holds the potential to dramatically reduce the need for pesticide use globallybenefiting our agriculture, health and environment. Invaio's focus on precision delivery allows the company to take a more mindful approach to insect management. For biological delivery, Invaio leverages naturally derived systems that can be used to produce, protect, and deliver a variety of active moleculesall of which are biodegradable. The approach may also include a physical delivery system built upon proprietary 3D-printed injection tips that deliver biological active molecules into a crop vascular system, where they rapidly move throughout the plant for maximum protection. About Invaio Sciences Invaio Sciences is a multi-platform technology company that unlocks the potential of the planet's interdependent systems to address pressing agricultural, nutritional, and environmental challenges. Founded by Flagship Pioneering in 2018, Invaio leverages discoveries from diverse fields including human therapeutics, agriculture, environmental science, and advanced manufacturing. The company's deep understanding of the physiology of insects, together with its novel approach to managing insect populations in a more sustainable and precise way, promises to refine agricultural practices and reduce the need for pesticides globally. Invaio Sciences is dedicated to developing technology that's mindful of beneficial insects, bad for pests, and safer for us all. For more information, please visit www.invaio.com. Media ContactOgilvy for Flagship [emailprotected] (202) 230-1275 SOURCE Invaio Sciences
Answer:
|
Invaio Sciences Announces New License Agreement with the University of California for Novel Technology Innovation will be used to combat Citrus Greening and the damaging impact the disease inflicts on agriculture industry worldwide
|
CAMBRIDGE, Mass., July 7, 2020 /PRNewswire/ --Invaio Sciences, Inc., a Flagship portfolio company focused on unlocking the potential of the planet's interdependent natural systems to solve pressing agriculture, nutrition and environmental challenges, today announced a new, exclusive world-wide license agreement with the University of California (UC-Riverside) for a novel technology developed by Professor Hailing Jin at the University of California Riverside. The technology is proven to control the pathogen that causes HLB/Citrus Greening - a severe plant disease carried by an insect called the Asian citrus psyllid that has dramatically and rapidly threatened the citrus industry by devastating millions of acres of citrus crops throughout the United States and abroad. "Invaio is enthusiastic to partner with UC Riverside and advance this innovative technology to develop solutions for combating the disease HLB/Citrus Greening," said Dr. Gerardo Ramos, Chief Science Officer at Invaio Science from his Basel, Switzerland offices. "Our novel approach with a focus on natural-based solutions in connection with plant and soil health will revolutionize agricultural practices in far more beneficial ways for the health of people and the planet. This relationship with UC Riverside will allow us to continue to learn from nature and enable biologicals to perform in a sustainable and reliable way. The prospects of addressing this type of incurable devastating crop disease to help agricultural communities and improve the environmental impact of production is exciting and rewarding." The innovation that Invaio will now license from UC Riverside harnesses naturally-occurring compounds called anti-microbial peptides produced naturally by citrus trees, that have been shown in extensive studies conducted by Dr. Jin, to kill the bacteria responsible for HLB in infected trees, and essentially "curing" infected trees. Dr. Jin, a professor of genetics, microbiology and plant pathology at UC Riverside, studies the molecular mechanisms of plant immunity and pathogen virulence, with the goal of developing effective and environmentally friendly strategies to control plant diseases and to ensure sufficient food production. This agreement extends Invaio's proprietary capabilities in direct delivery of biologics in trees, to combat this devastating disease. Under the terms of this agreement, UC has granted Invaio an exclusive, world-wide license with the rights to sublicense to this novel technology to develop and deploy products needed by the industry. Invaio Sciences has pioneered a novel approach to managing insect populations in a more sustainable and targeted way by controlling the nutritional function organ called the obligate microbial symbiont (OMS) to alter insect health. This new approach, coupled with the deep understanding of the inner workings of insects by Invaio's diverse team of scientists, holds the potential to dramatically reduce the need for pesticide use globallybenefiting our agriculture, health and environment. Invaio's focus on precision delivery allows the company to take a more mindful approach to insect management. For biological delivery, Invaio leverages naturally derived systems that can be used to produce, protect, and deliver a variety of active moleculesall of which are biodegradable. The approach may also include a physical delivery system built upon proprietary 3D-printed injection tips that deliver biological active molecules into a crop vascular system, where they rapidly move throughout the plant for maximum protection. About Invaio Sciences Invaio Sciences is a multi-platform technology company that unlocks the potential of the planet's interdependent systems to address pressing agricultural, nutritional, and environmental challenges. Founded by Flagship Pioneering in 2018, Invaio leverages discoveries from diverse fields including human therapeutics, agriculture, environmental science, and advanced manufacturing. The company's deep understanding of the physiology of insects, together with its novel approach to managing insect populations in a more sustainable and precise way, promises to refine agricultural practices and reduce the need for pesticides globally. Invaio Sciences is dedicated to developing technology that's mindful of beneficial insects, bad for pests, and safer for us all. For more information, please visit www.invaio.com. Media ContactOgilvy for Flagship [emailprotected] (202) 230-1275 SOURCE Invaio Sciences
|
edtsum5092
|
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: BLOOMFIELD, Conn., Oct. 19, 2020 /PRNewswire/ -- Global health service company Cigna Corporation (NYSE:CI) announced today that Eric Palmer, Executive Vice President and Chief Financial Officer, will present at the Credit Suisse 29th Annual Healthcare Conference on November 9, 2020 through a virtual webcast. Cigna's presentation is expected to begin at approximately 12:30 p.m. ET. Investors, analysts, and the general public are invited to listen to the presentation free over the Internet via webcast by visiting www.cigna.com and clicking on About Cigna, then Investor Relations, then the Investor Events link. To listen to this presentation live on the Internet, visit www.cigna.com at least 15 minutes prior to the presentation (to download and install any necessary software). About CignaCigna Corporation (NYSE: CI) is a global health service company dedicated to improving the health, well-being and peace of mind of those we serve. Cigna delivers choice, predictability, affordability and access to quality care through integrated capabilities and connected, personalized solutions that advance whole person health. All products and services are provided exclusively by or through operating subsidiaries of Cigna Corporation, including Cigna Health and Life Insurance Company, Cigna Life Insurance Company of New York, Connecticut General Life Insurance Company, Evernorth companies or their affiliates, Express Scripts companies or their affiliates, and Life Insurance Company of North America. Such products and services include an integrated suite of health services, such as medical, dental, behavioral health, pharmacy, vision, supplemental benefits, and other related products including group life, accident and disability insurance. Cigna maintains sales capability in over 30 countries and jurisdictions, and has more than 185 million customer relationships throughout the world. To learn more about Cigna, including links to follow us on Facebook or Twitter, visit www.cigna.com. Investor RelationsContact Alexis Jones1 (215) 761-3637[emailprotected] Media Contact Ellie Polack1 (860) 902-4906[emailprotected] SOURCE Cigna Related Links https://www.cigna.com
Answer:
|
Cigna Corporation Announces Appearance at the Credit Suisse 29th Annual Healthcare Conference
|
BLOOMFIELD, Conn., Oct. 19, 2020 /PRNewswire/ -- Global health service company Cigna Corporation (NYSE:CI) announced today that Eric Palmer, Executive Vice President and Chief Financial Officer, will present at the Credit Suisse 29th Annual Healthcare Conference on November 9, 2020 through a virtual webcast. Cigna's presentation is expected to begin at approximately 12:30 p.m. ET. Investors, analysts, and the general public are invited to listen to the presentation free over the Internet via webcast by visiting www.cigna.com and clicking on About Cigna, then Investor Relations, then the Investor Events link. To listen to this presentation live on the Internet, visit www.cigna.com at least 15 minutes prior to the presentation (to download and install any necessary software). About CignaCigna Corporation (NYSE: CI) is a global health service company dedicated to improving the health, well-being and peace of mind of those we serve. Cigna delivers choice, predictability, affordability and access to quality care through integrated capabilities and connected, personalized solutions that advance whole person health. All products and services are provided exclusively by or through operating subsidiaries of Cigna Corporation, including Cigna Health and Life Insurance Company, Cigna Life Insurance Company of New York, Connecticut General Life Insurance Company, Evernorth companies or their affiliates, Express Scripts companies or their affiliates, and Life Insurance Company of North America. Such products and services include an integrated suite of health services, such as medical, dental, behavioral health, pharmacy, vision, supplemental benefits, and other related products including group life, accident and disability insurance. Cigna maintains sales capability in over 30 countries and jurisdictions, and has more than 185 million customer relationships throughout the world. To learn more about Cigna, including links to follow us on Facebook or Twitter, visit www.cigna.com. Investor RelationsContact Alexis Jones1 (215) 761-3637[emailprotected] Media Contact Ellie Polack1 (860) 902-4906[emailprotected] SOURCE Cigna Related Links https://www.cigna.com
|
edtsum5096
|
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: SARASOTA, Fla., Dec. 2, 2020 /PRNewswire/ --Minute Sleep Club has just announced a new line of all natural, 100% American Made sleep supplements designed to help people restore and maintain their body's ability to fall into deep, reparative sleep. The three supplements released so far are called 'Deep Sleep Supplement', 'Nighttime Recovery', and 'Biome Balancer'; each of which is designed to provide support for different sleep processes. "It's been a long time coming," said Ethan Petroka, Founder of Minute Sleep Club. "I knew providing a high-quality line of supplements could really help people experience sleep the way nature designed it to be. I'm very happy to see everything come together so perfectly, and even happier to have been able to source everything from right here in the USA!" All three supplements are currently live on the Minute Sleep Club website. You may visit the website now by clicking here. Contact:Ethan Petroka+1 833 660 0941 [emailprotected] SOURCE Minute Sleep Club Related Links https://minutesleepclub.com/
Answer:
|
Minute Sleep Club Releases New Line of Sleep Supplements
|
SARASOTA, Fla., Dec. 2, 2020 /PRNewswire/ --Minute Sleep Club has just announced a new line of all natural, 100% American Made sleep supplements designed to help people restore and maintain their body's ability to fall into deep, reparative sleep. The three supplements released so far are called 'Deep Sleep Supplement', 'Nighttime Recovery', and 'Biome Balancer'; each of which is designed to provide support for different sleep processes. "It's been a long time coming," said Ethan Petroka, Founder of Minute Sleep Club. "I knew providing a high-quality line of supplements could really help people experience sleep the way nature designed it to be. I'm very happy to see everything come together so perfectly, and even happier to have been able to source everything from right here in the USA!" All three supplements are currently live on the Minute Sleep Club website. You may visit the website now by clicking here. Contact:Ethan Petroka+1 833 660 0941 [emailprotected] SOURCE Minute Sleep Club Related Links https://minutesleepclub.com/
|
edtsum5103
|
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: WILMINGTON, Del., April 28, 2021 /PRNewswire/ --DuPont (NYSE: DD) today announced it has committed to invest $20 million in the Black Economic Development Fund (BEDF), managed by the Local Initiatives Support Corporation (LISC). The BEDF will provide financing to support Black-led financial institutions, anchor institutions, and businesses through improved access to capital to incentivize economic activity and wealth building opportunities in Black communities. "For too long, systemic racism has prevented Black-led business owners and entrepreneurs from participating fairly and fully in our economy," said Ed Breen, DuPont Executive Chairman and Chief Executive Officer. "Improving access to capital for Black-led businesses can have an outsized impactcreating an economic multiplier and advancing racial equity. At DuPont, inclusivity is vital for delivering innovation and growth, and we're proud to invest in the Black Economic Development Fund and support communities with the resources to thrive in a more equitable and inclusive economy and society." "DuPont is making a high-impact investment that will help tackle racial injustice and support broad-based growth as well," said Lisa Glover, Interim Chief Executive Officer of LISC. "It's gratifying to see some of the country's most dynamic corporations align their treasury strategies with their values in order to expand access to capital in Black and Brown communities, bridge racial wealth and income gaps, and help our economy work better for everyone." Today's investment builds on DuPont's 2030 Sustainability Goalsto improve lives and empower people by supporting education initiatives, workforce development, mentoring and recruitment programs, and partnering with community organizations to advance racial justice, and eliminate bias and barriers to equality.Additionally, the company has signed on to the Catalyst CEO Champions for Change, pledging to advance more women, particularly women of color, into senior leadership positions and onto the Board of Directors, and the CEO Action for Diversity & Inclusion pledge, which commits DuPont leaders to take measurable action in advancing diversity and inclusion in the workplace. Ed Breen also serves as a founding Guardian on the Council for Inclusive Capitalism. For additional information on our commitment to advancing diversity, equity and inclusion,click here. About DuPont DuPont (NYSE: DD) is a global innovation leader with technology-based materials and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, healthcare and worker safety. More information about the company, its businesses and solutions can be found at www.dupont.com. Investors can access information included on the Investor Relations section of the website at investors.dupont.com. DuPont, the DuPont Oval Logo, and all trademarks and service marks denoted with , SM or are owned by affiliates of DuPont de Nemours, Inc. unless otherwise noted. SOURCE DuPont
Answer:
|
DuPont Announces $20 Million Investment in LISC's Black Economic Development Fund
|
WILMINGTON, Del., April 28, 2021 /PRNewswire/ --DuPont (NYSE: DD) today announced it has committed to invest $20 million in the Black Economic Development Fund (BEDF), managed by the Local Initiatives Support Corporation (LISC). The BEDF will provide financing to support Black-led financial institutions, anchor institutions, and businesses through improved access to capital to incentivize economic activity and wealth building opportunities in Black communities. "For too long, systemic racism has prevented Black-led business owners and entrepreneurs from participating fairly and fully in our economy," said Ed Breen, DuPont Executive Chairman and Chief Executive Officer. "Improving access to capital for Black-led businesses can have an outsized impactcreating an economic multiplier and advancing racial equity. At DuPont, inclusivity is vital for delivering innovation and growth, and we're proud to invest in the Black Economic Development Fund and support communities with the resources to thrive in a more equitable and inclusive economy and society." "DuPont is making a high-impact investment that will help tackle racial injustice and support broad-based growth as well," said Lisa Glover, Interim Chief Executive Officer of LISC. "It's gratifying to see some of the country's most dynamic corporations align their treasury strategies with their values in order to expand access to capital in Black and Brown communities, bridge racial wealth and income gaps, and help our economy work better for everyone." Today's investment builds on DuPont's 2030 Sustainability Goalsto improve lives and empower people by supporting education initiatives, workforce development, mentoring and recruitment programs, and partnering with community organizations to advance racial justice, and eliminate bias and barriers to equality.Additionally, the company has signed on to the Catalyst CEO Champions for Change, pledging to advance more women, particularly women of color, into senior leadership positions and onto the Board of Directors, and the CEO Action for Diversity & Inclusion pledge, which commits DuPont leaders to take measurable action in advancing diversity and inclusion in the workplace. Ed Breen also serves as a founding Guardian on the Council for Inclusive Capitalism. For additional information on our commitment to advancing diversity, equity and inclusion,click here. About DuPont DuPont (NYSE: DD) is a global innovation leader with technology-based materials and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, healthcare and worker safety. More information about the company, its businesses and solutions can be found at www.dupont.com. Investors can access information included on the Investor Relations section of the website at investors.dupont.com. DuPont, the DuPont Oval Logo, and all trademarks and service marks denoted with , SM or are owned by affiliates of DuPont de Nemours, Inc. unless otherwise noted. SOURCE DuPont
|
edtsum5107
|
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, Aug. 20, 2020 /PRNewswire/ -- Power Rogers, LLP Founding Partners Joseph A. Power, Jr. and Larry R. Rogers, Sr. have been named to the 2021 list of The Best Lawyers in America. Hailed for its purely peer-review based methodology, Best Lawyers recognizes top attorneys across the U.S. and abroad who have garnered the respect and esteem of their colleagues. Each year, the publication solicits nominations, feedback, and votes from previous Best Lawyers listees, and selects candidates who earn the most votes from peers for inclusion in its prestigious listing. In total, no more than 5% of all practicing attorneys are named to the Best Lawyers list a testament to the remarkable success and reputations honorees have cultivated over the course of their careers. Power, Jr. and Rogers, Sr. were both recognized for their work in the area of Plaintiffs' Personal Injury Litigation. Careers of Commitment. A Legacy of Success. Chicago Trial Lawyers Joseph A. Power, Jr. and Larry R. Rogers, Sr. have become known for their tremendous talent and unceasing commitment to justice. As Founding Partners of Power Rogers, LLP, the two have built their Chicago-based personal injury and civil trial practice into a firm that's spent a decade at the top having been named Chicago Lawyer magazine's "No. 1 Plaintiff's Law Firm" in most dollars earned for clients ten years in a row. Power Rogers has recovered more than $4 billion in verdicts and settlements for clients - $900 million more than its closest competitor since the year 2000. In addition to being long-standing members of the illustrious Inner Circle of Advocates, an invitation-only group of the nation's 100 most elite plaintiffs' trial lawyers, Power, Jr. and Rogers, Sr. have accumulated some of the legal industry's most sought-after awards and accolades. Some like Best Lawyers have recognized both of them each year for decades. Over the course of their decorated careers, Power, Jr. and Rogers, Sr. have fought for thousands of victims and families, and have set and broken numerous records in complex claims involving medical malpractice, wrongful death, commercial trucking accidents, and other matters of serious personal injury. Their legacy of success includes the largest medical malpractice jury verdict in Illinois history ($55M), a $100M recovery in a trucking case that exposed Illinois' infamous "licenses for bribes" scandal, and numerous other multi-million recoveries. The two attorneys have also held prominent leadership roles in some of the country's top professional organizations. Power, Jr. is the immediate past President of the Inner Circle of Advocates and former President of the Illinois Trial Lawyers Association. Rogers, Sr., also a former Illinois Trial Lawyers Association President - the organization's first Black attorney to hold that post - and has served as President of the Cook County Bar Association. Joseph A. Power, Jr. and Larry R. Rogers, Sr. are founding Partners of Power Rogers, LLP, a nationally recognized personal injury and civil trial law firm based in Chicago, Illinois. As two of the nation's most respected plaintiffs' trial lawyers, the two have helped recover billions in compensation for victims and families harmed by the negligent and wrongful acts of others. For more information, visit www.powerrogers.com. SOURCE Power Rogers LLP Related Links https://www.powerrogers.com
Answer:
|
Power Rogers Founding Partners Selected to 2021 Best Lawyers List Joseph A. Power, Jr. and Larry R. Rogers, Sr. - Founding Partners of the Chicago-based law firm Power Rogers, LLP, have been selected for inclusion to the 2021 edition of The Best Lawyers in America.
|
CHICAGO, Aug. 20, 2020 /PRNewswire/ -- Power Rogers, LLP Founding Partners Joseph A. Power, Jr. and Larry R. Rogers, Sr. have been named to the 2021 list of The Best Lawyers in America. Hailed for its purely peer-review based methodology, Best Lawyers recognizes top attorneys across the U.S. and abroad who have garnered the respect and esteem of their colleagues. Each year, the publication solicits nominations, feedback, and votes from previous Best Lawyers listees, and selects candidates who earn the most votes from peers for inclusion in its prestigious listing. In total, no more than 5% of all practicing attorneys are named to the Best Lawyers list a testament to the remarkable success and reputations honorees have cultivated over the course of their careers. Power, Jr. and Rogers, Sr. were both recognized for their work in the area of Plaintiffs' Personal Injury Litigation. Careers of Commitment. A Legacy of Success. Chicago Trial Lawyers Joseph A. Power, Jr. and Larry R. Rogers, Sr. have become known for their tremendous talent and unceasing commitment to justice. As Founding Partners of Power Rogers, LLP, the two have built their Chicago-based personal injury and civil trial practice into a firm that's spent a decade at the top having been named Chicago Lawyer magazine's "No. 1 Plaintiff's Law Firm" in most dollars earned for clients ten years in a row. Power Rogers has recovered more than $4 billion in verdicts and settlements for clients - $900 million more than its closest competitor since the year 2000. In addition to being long-standing members of the illustrious Inner Circle of Advocates, an invitation-only group of the nation's 100 most elite plaintiffs' trial lawyers, Power, Jr. and Rogers, Sr. have accumulated some of the legal industry's most sought-after awards and accolades. Some like Best Lawyers have recognized both of them each year for decades. Over the course of their decorated careers, Power, Jr. and Rogers, Sr. have fought for thousands of victims and families, and have set and broken numerous records in complex claims involving medical malpractice, wrongful death, commercial trucking accidents, and other matters of serious personal injury. Their legacy of success includes the largest medical malpractice jury verdict in Illinois history ($55M), a $100M recovery in a trucking case that exposed Illinois' infamous "licenses for bribes" scandal, and numerous other multi-million recoveries. The two attorneys have also held prominent leadership roles in some of the country's top professional organizations. Power, Jr. is the immediate past President of the Inner Circle of Advocates and former President of the Illinois Trial Lawyers Association. Rogers, Sr., also a former Illinois Trial Lawyers Association President - the organization's first Black attorney to hold that post - and has served as President of the Cook County Bar Association. Joseph A. Power, Jr. and Larry R. Rogers, Sr. are founding Partners of Power Rogers, LLP, a nationally recognized personal injury and civil trial law firm based in Chicago, Illinois. As two of the nation's most respected plaintiffs' trial lawyers, the two have helped recover billions in compensation for victims and families harmed by the negligent and wrongful acts of others. For more information, visit www.powerrogers.com. SOURCE Power Rogers LLP Related Links https://www.powerrogers.com
|
edtsum5108
|
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: FOSTER CITY, Calif., Feb. 25, 2021 /PRNewswire/ --As millions of Americans embark on the dreaded annual task of filing taxes, CardRatings.com introduces a new guide to help navigate issues surrounding credit cards and the IRS. The leader in online credit card ratings answers tricky questions that include, "Are my credit card rewards taxable?" and "Is it advisable to pay taxes with a credit card?" Find the new resource here: 2021 Guide to Credit Cards and Taxes Are credit card rewards taxable? Sometimes credit card rewards have to be reported to the IRS; other times, it is not necessary. Typically, the IRS views credit cards as rebates and most rewards are not taxable, according to experts. One example of a taxable credit card reward is when money wasn't spent to earn that reward. For instance, some introductory offers for new credit cards don't require any spending to reap the reward. Is it a great idea to pay taxes with a credit card? This can be confusing for both tax filers and tax accountants. There are pros and cons to paying taxes with a credit card. One of the attractive "pros" to paying taxes with a credit card is the ability to earn rewards, but credit industry specialists usually advise against using credit cards to pay taxes just to earn some every day rewards; that's because the fees that accompany the tax payment will offset the minimal rewards that could be earned. "Paying taxes with a credit card will incur a transaction fee and in 2021 that fee ranges from 1.96%-1.99% of the amount paid, depending on the service that is used," stresses Brooklyn Lowery, CardRatings' senior managing editor and credit card expert. "Paying that fee to earn just 1% back likely isn't wise, but paying the bill and earning a good-sized signup bonus that will be worth more than the fee when redeeming the rewards is perhaps worth considering." Here are the best credit cards to pay taxes and the reasons why they're the best choices: Chase Sapphire Preferred Credit Card: The cardholder must spend $4,000 in three months to earn the signup bonus, and that bonus could be worth a great deal thanks to all the Chase Ultimate Rewards travel partners. Discover It Cash Back: Discover matches all the cash-back earned during the first year as a cardholder. A large tax bill could generate substantial cash back that will be matched at the end of the first year. Capital One Venture Rewards: This card earns two miles per $1 spent on all purchases, meaning at least 2% back on the tax bill. Plus, cardholders can earn a welcome bonus after spending $3,000 in three months. Ink Business Preferred: The signup bonus is substantial (100,000 points), but it's necessary to spend $15,000 to earn it. A hefty tax bill could go a long way toward earning a bonus and the points earned could be worth well more than the transaction fee. American Express Platinum Card: Again, the welcome offer is substantial at 75,000 Membership Rewards points, but it requires spending $5,000 in six months to get it. "Those who decide to pay their taxes, whether estimated or annual, with a credit card should pay off credit card balances as soon as possible, ideally in that same billing period," adds Lowery. "Carrying a balance will wipe out any rewards earned. In fact, if the cardholder is already carrying a balance on a card and has a tax refund coming, they should certainly consider using the refund to pay down revolving credit card debt to save on interest and possibly improve credit card scores, too." Lowery is available for comment and can expand on the relationship between taxes and credit cards, including additional reasons to pay taxes on a credit card, what to consider for business owners with credit card rewards and more. About CardRatingsCardRatings is owned and operated by QuinStreet, Inc. (Nasdaq: QNST), a leader in providing performance marketplace technologies and services to the financial services and home services industries. QuinStreet is a pioneer in delivering online marketplace solutions to match searchers with brands in digital media. The company is committed to providing consumers with the information and tools they need to research, find and select the products and brands that meet their needs. CardRatings is a member of QuinStreet's expert research and publishing division. CardRatings innovated online credit card ratings and has been offering independent ratings and reviews of credit card offers since 1998. The website collects and maintains data on more than 700 credit card offers and carefully compiles objective lists of the top credit cards by card type, making it easy for consumers to find the right card to fit their needs. Sign up for the bimonthly newsletter here. Twitter: @CardRatingsFacebook: facebook.com/CardRatings Media ContactCharlene ArsenaultMedia Outreach Specialist508-832-8918[emailprotected]LinkedIn SOURCE CardRatings.com Related Links http://www.cardratings.com
Answer:
|
CardRatings.com Launches 2021 Guide to Credit Cards and Taxes Experts weigh in on the pros and cons of paying tax bills with a credit card, and more, in this new guide
|
FOSTER CITY, Calif., Feb. 25, 2021 /PRNewswire/ --As millions of Americans embark on the dreaded annual task of filing taxes, CardRatings.com introduces a new guide to help navigate issues surrounding credit cards and the IRS. The leader in online credit card ratings answers tricky questions that include, "Are my credit card rewards taxable?" and "Is it advisable to pay taxes with a credit card?" Find the new resource here: 2021 Guide to Credit Cards and Taxes Are credit card rewards taxable? Sometimes credit card rewards have to be reported to the IRS; other times, it is not necessary. Typically, the IRS views credit cards as rebates and most rewards are not taxable, according to experts. One example of a taxable credit card reward is when money wasn't spent to earn that reward. For instance, some introductory offers for new credit cards don't require any spending to reap the reward. Is it a great idea to pay taxes with a credit card? This can be confusing for both tax filers and tax accountants. There are pros and cons to paying taxes with a credit card. One of the attractive "pros" to paying taxes with a credit card is the ability to earn rewards, but credit industry specialists usually advise against using credit cards to pay taxes just to earn some every day rewards; that's because the fees that accompany the tax payment will offset the minimal rewards that could be earned. "Paying taxes with a credit card will incur a transaction fee and in 2021 that fee ranges from 1.96%-1.99% of the amount paid, depending on the service that is used," stresses Brooklyn Lowery, CardRatings' senior managing editor and credit card expert. "Paying that fee to earn just 1% back likely isn't wise, but paying the bill and earning a good-sized signup bonus that will be worth more than the fee when redeeming the rewards is perhaps worth considering." Here are the best credit cards to pay taxes and the reasons why they're the best choices: Chase Sapphire Preferred Credit Card: The cardholder must spend $4,000 in three months to earn the signup bonus, and that bonus could be worth a great deal thanks to all the Chase Ultimate Rewards travel partners. Discover It Cash Back: Discover matches all the cash-back earned during the first year as a cardholder. A large tax bill could generate substantial cash back that will be matched at the end of the first year. Capital One Venture Rewards: This card earns two miles per $1 spent on all purchases, meaning at least 2% back on the tax bill. Plus, cardholders can earn a welcome bonus after spending $3,000 in three months. Ink Business Preferred: The signup bonus is substantial (100,000 points), but it's necessary to spend $15,000 to earn it. A hefty tax bill could go a long way toward earning a bonus and the points earned could be worth well more than the transaction fee. American Express Platinum Card: Again, the welcome offer is substantial at 75,000 Membership Rewards points, but it requires spending $5,000 in six months to get it. "Those who decide to pay their taxes, whether estimated or annual, with a credit card should pay off credit card balances as soon as possible, ideally in that same billing period," adds Lowery. "Carrying a balance will wipe out any rewards earned. In fact, if the cardholder is already carrying a balance on a card and has a tax refund coming, they should certainly consider using the refund to pay down revolving credit card debt to save on interest and possibly improve credit card scores, too." Lowery is available for comment and can expand on the relationship between taxes and credit cards, including additional reasons to pay taxes on a credit card, what to consider for business owners with credit card rewards and more. About CardRatingsCardRatings is owned and operated by QuinStreet, Inc. (Nasdaq: QNST), a leader in providing performance marketplace technologies and services to the financial services and home services industries. QuinStreet is a pioneer in delivering online marketplace solutions to match searchers with brands in digital media. The company is committed to providing consumers with the information and tools they need to research, find and select the products and brands that meet their needs. CardRatings is a member of QuinStreet's expert research and publishing division. CardRatings innovated online credit card ratings and has been offering independent ratings and reviews of credit card offers since 1998. The website collects and maintains data on more than 700 credit card offers and carefully compiles objective lists of the top credit cards by card type, making it easy for consumers to find the right card to fit their needs. Sign up for the bimonthly newsletter here. Twitter: @CardRatingsFacebook: facebook.com/CardRatings Media ContactCharlene ArsenaultMedia Outreach Specialist508-832-8918[emailprotected]LinkedIn SOURCE CardRatings.com Related Links http://www.cardratings.com
|
edtsum5119
|
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: BURGAS, Bulgaria, March 17, 2020 /PRNewswire/ --COVID-19, known and feared as the Coronavirus, is spreading around the world. The World Health Organization has officially claimed a pandemic. Everyday the news are reporting that more and more countries are getting affected and events and flights are getting cancelled. Businesses are experiencing a tremendous negative effect. No business is interested in slowing down its activities, and the only way to maintain the pace might be switching to remote work. Companies all over the globe, including such big names as The Washington Post, are encouraging their staff to work from home. And their number will continue to grow in the foreseeable future. In order to facilitate a smooth transition to remote working, Zadarma, a cloud telecommunications provider, has introduced a special offer on business phone bundles. Their Office bundles include several virtual numbers, outgoing calls to destinations within the region of your choice, extensive PBX features, CRM system and more. In this emergency case of a rapidly spreading virus, Zadarma has taken down 50% of the Office bundle prices for the EU and USA/Canada regions. The discount will be available for 2 months. To receive the offer you need to enter a promo code - RemoteOfficeEU and RemoteOfficeUS respectfully - in the Zadarma personal account. All Zadarma existing clients from most active pandemic European countries had numbers from their respectful locations extended for free for a month. For new customers Zadarma has introduced 50% off monthly fees for six months. The list of the numbers with discounts is available on Zadarma website. Co-founder and Chief Marketing Officer of Zadarma speaking of the current offer: "We ourselves have offices in six different countries and this week we have transferred all European offices to remote working and suggested that any employee from other locations who feels safer working from home moves to remote work as well. Obviously, it is essential for us to stay in constant connection with our clients, partners as well as within the company. We understand the necessity of flawless voice communication and how having an organized phone system can be a difference between success and failure, especially in such a critical situation. We hope this offer can help companies transition to remote work smoothly and at a low cost." Even in these uneasy and uncertain times, human interactions are at the forefront of business success across all industries. Being able to maintain a connection with partners and customers while your employees work from home can result in a significant gain for the business. Connecting a phone system bundle with Zadarma will take only a few minutes, which is helpful in the situations when the time is of an essence. About Zadarma: Zadarma is an international cloud telecommunications company established over 13 years ago. It provides companies and individuals with virtual phone numbers from 100 countries around the world, free Cloud PBX, call tracking, free website widgets and a free CRM system. It is trusted by over 1,500,000 clients from all over the world. SOURCE Zadarma Related Links https://zadarma.com
Answer:
|
Solution for Emergency Switch to Remote Work English Franais Nederlands Deutsch Cloud telecommunications company Zadarma has introduced a special offer for remote working in the conditions of the rapid virus spread
|
BURGAS, Bulgaria, March 17, 2020 /PRNewswire/ --COVID-19, known and feared as the Coronavirus, is spreading around the world. The World Health Organization has officially claimed a pandemic. Everyday the news are reporting that more and more countries are getting affected and events and flights are getting cancelled. Businesses are experiencing a tremendous negative effect. No business is interested in slowing down its activities, and the only way to maintain the pace might be switching to remote work. Companies all over the globe, including such big names as The Washington Post, are encouraging their staff to work from home. And their number will continue to grow in the foreseeable future. In order to facilitate a smooth transition to remote working, Zadarma, a cloud telecommunications provider, has introduced a special offer on business phone bundles. Their Office bundles include several virtual numbers, outgoing calls to destinations within the region of your choice, extensive PBX features, CRM system and more. In this emergency case of a rapidly spreading virus, Zadarma has taken down 50% of the Office bundle prices for the EU and USA/Canada regions. The discount will be available for 2 months. To receive the offer you need to enter a promo code - RemoteOfficeEU and RemoteOfficeUS respectfully - in the Zadarma personal account. All Zadarma existing clients from most active pandemic European countries had numbers from their respectful locations extended for free for a month. For new customers Zadarma has introduced 50% off monthly fees for six months. The list of the numbers with discounts is available on Zadarma website. Co-founder and Chief Marketing Officer of Zadarma speaking of the current offer: "We ourselves have offices in six different countries and this week we have transferred all European offices to remote working and suggested that any employee from other locations who feels safer working from home moves to remote work as well. Obviously, it is essential for us to stay in constant connection with our clients, partners as well as within the company. We understand the necessity of flawless voice communication and how having an organized phone system can be a difference between success and failure, especially in such a critical situation. We hope this offer can help companies transition to remote work smoothly and at a low cost." Even in these uneasy and uncertain times, human interactions are at the forefront of business success across all industries. Being able to maintain a connection with partners and customers while your employees work from home can result in a significant gain for the business. Connecting a phone system bundle with Zadarma will take only a few minutes, which is helpful in the situations when the time is of an essence. About Zadarma: Zadarma is an international cloud telecommunications company established over 13 years ago. It provides companies and individuals with virtual phone numbers from 100 countries around the world, free Cloud PBX, call tracking, free website widgets and a free CRM system. It is trusted by over 1,500,000 clients from all over the world. SOURCE Zadarma Related Links https://zadarma.com
|
edtsum5121
|
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 12, 2021 /PRNewswire/ --The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit againstApache Corporation ("Apache" or "the Company") (NASDAQ: APA)for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between September 7, 2016 and March 13, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before April 26, 2021. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website atwww.schallfirm.com, or by email at[emailprotected]. The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. According to the Complaint, the Company made false and misleading statements to the market. Apache purposefully employed unrealistic assumptions about the amount and composition of oil and gas in Alpine High. The Company failed to build the proper infrastructure to drill and transport oil and gas at Alpine High safely and economically, even if resources existed in the amounts the Company claimed. The Company's misleading statements artificially inflated the value of its operations in the Permian Basin. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Apache, investors suffered damages. Join the caseto recover your losses. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. CONTACT:The Schall Law FirmBrian Schall, Esq.,www.schallfirm.comOffice: 310-301-3335[emailprotected] SOURCE The Schall Law Firm Related Links www.schallfirm.com
Answer:
|
UPCOMING DEADLINE REMINDER: The Schall Law Firm Reminds Investors of Class Action Lawsuit Against Apache Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
|
LOS ANGELES, April 12, 2021 /PRNewswire/ --The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit againstApache Corporation ("Apache" or "the Company") (NASDAQ: APA)for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between September 7, 2016 and March 13, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before April 26, 2021. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website atwww.schallfirm.com, or by email at[emailprotected]. The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. According to the Complaint, the Company made false and misleading statements to the market. Apache purposefully employed unrealistic assumptions about the amount and composition of oil and gas in Alpine High. The Company failed to build the proper infrastructure to drill and transport oil and gas at Alpine High safely and economically, even if resources existed in the amounts the Company claimed. The Company's misleading statements artificially inflated the value of its operations in the Permian Basin. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Apache, investors suffered damages. Join the caseto recover your losses. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. CONTACT:The Schall Law FirmBrian Schall, Esq.,www.schallfirm.comOffice: 310-301-3335[emailprotected] SOURCE The Schall Law Firm Related Links www.schallfirm.com
|
edtsum5125
|
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: CITY OF PEARLAND, Texas, Oct. 23, 2020 /PRNewswire/ --AM TRACE LLC, a national, private-sector leader that helps state and local governments accelerate the effectiveness of their public health response to the COVID-19 pandemic through Case Investigation and Community Contact Tracing, announced the City of Pearland, Texas, has awarded a contract for COVID-19 research, analysis, tracking and public health consultation. AM TRACE ("TRACE") improves public health safety through innovative programmatic pandemic response, disease surveillance, and epidemiology for COVID-19 and other infectious diseases. Leaders at Pearland will work with TRACE, the expert public health solutions provider, to enhance understanding of how to slow the spread of COVID-19 in the Pearland community and determine how to reopen services and businesses safely. As the State of Texas moves to reopen, children return to schools, and public facilities reopen, Pearland's public-private partnership with TRACE will provide the City with science-driven critical data to empower officials to deploy common-sense solutions to help protect the public and slow the spread of the pandemic. Erin Thames, TRACE's Chief Operating Officer, stated, "We are excited about the opportunity to support the proactive management approach by the City of Pearland. This innovative partnership will leverage TRACE's proven expertise to help residents receive the most up-to-date information on the COVID-19 pandemic and make the most informed decisions based on evidence-based data. Our goal is to help the City of Pearland to use this useful information to guide better and faster decision making to protect the health of all members of the community." As the City continues to navigate the COVID-19 pandemic, Mayor Reid has decided to extend TR-8, the Health & Safety Executive Order recommending the use of face coverings, to ensure the continued safety and well-being of the citizens of Pearland. This decision was made after careful consideration by the City of Pearland's leadership and the consultation of TRACE's public health experts. See City of Pearland Release: https://www.pearlandtx.gov/Home/Components/News/News/4483/ About AM TRACE ("TRACE"): TRACE is a trusted, national pandemic solutions provider that delivers programmatic public health services to state and local governments through measurable and accountable epidemiology, disease surveillance, and public health policy that mitigate risks to community health and safety. TRACE's innovative, evidence-based scientific approach and proven capability to rapidly deploy comprehensive contact tracing solutions to local communities has earned its national reputation as the "go-to" expert firm for public health agencies seeking effective ways to manage the complexities of COVID-19 response. For more information, visit our web site at www.am-trace.co or contact us at (301) 246-0856. This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com. SOURCE AM TRACE Related Links http://www.am-trace.co
Answer:
|
AM TRACE, National Leader that Helps State & Local Governments Accelerate Rapid Pandemic Response & Community Contact Tracing, Hired by Texas' City of Pearland to Improve Public Health Safety Outcomes AM TRACE ("TRACE") improves public health safety through innovative programmatic pandemic response, disease surveillance, and epidemiology for COVID-19 and other infectious diseases for State and Local Governments for effective crisis response.
|
CITY OF PEARLAND, Texas, Oct. 23, 2020 /PRNewswire/ --AM TRACE LLC, a national, private-sector leader that helps state and local governments accelerate the effectiveness of their public health response to the COVID-19 pandemic through Case Investigation and Community Contact Tracing, announced the City of Pearland, Texas, has awarded a contract for COVID-19 research, analysis, tracking and public health consultation. AM TRACE ("TRACE") improves public health safety through innovative programmatic pandemic response, disease surveillance, and epidemiology for COVID-19 and other infectious diseases. Leaders at Pearland will work with TRACE, the expert public health solutions provider, to enhance understanding of how to slow the spread of COVID-19 in the Pearland community and determine how to reopen services and businesses safely. As the State of Texas moves to reopen, children return to schools, and public facilities reopen, Pearland's public-private partnership with TRACE will provide the City with science-driven critical data to empower officials to deploy common-sense solutions to help protect the public and slow the spread of the pandemic. Erin Thames, TRACE's Chief Operating Officer, stated, "We are excited about the opportunity to support the proactive management approach by the City of Pearland. This innovative partnership will leverage TRACE's proven expertise to help residents receive the most up-to-date information on the COVID-19 pandemic and make the most informed decisions based on evidence-based data. Our goal is to help the City of Pearland to use this useful information to guide better and faster decision making to protect the health of all members of the community." As the City continues to navigate the COVID-19 pandemic, Mayor Reid has decided to extend TR-8, the Health & Safety Executive Order recommending the use of face coverings, to ensure the continued safety and well-being of the citizens of Pearland. This decision was made after careful consideration by the City of Pearland's leadership and the consultation of TRACE's public health experts. See City of Pearland Release: https://www.pearlandtx.gov/Home/Components/News/News/4483/ About AM TRACE ("TRACE"): TRACE is a trusted, national pandemic solutions provider that delivers programmatic public health services to state and local governments through measurable and accountable epidemiology, disease surveillance, and public health policy that mitigate risks to community health and safety. TRACE's innovative, evidence-based scientific approach and proven capability to rapidly deploy comprehensive contact tracing solutions to local communities has earned its national reputation as the "go-to" expert firm for public health agencies seeking effective ways to manage the complexities of COVID-19 response. For more information, visit our web site at www.am-trace.co or contact us at (301) 246-0856. This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com. SOURCE AM TRACE Related Links http://www.am-trace.co
|
edtsum5131
|
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, Oct. 29, 2020 /PRNewswire/ -- The GlobalBeacon Technology Marketis forecast to be worth USD 35.15 Billion by 2027, according to a current analysis by Emergen Research.The beacon technology market is anticipated to grow substantially owing to the growing penetration of the Internet of Things technology, increasing investments in proximity marketing, and rising demand for sensor-based devices in different industries. The growth in organized retail stores provides the players functioning in the beacon technology market with sufficient growth prospects. With the support of government-organized retail outlets are growing substantially, such as supermarkets, department stores, and hypermarkets, which is expected to fuel the market growth shortly. The high configuration costs and security problems are likely to hamper the growth of the market. Request free sample of this research report at:https://www.emergenresearch.com/request-sample/233 Key Highlights From The Report In April 2020, Estimote Inc. has implemented its technical expertise to create a new device named "Proof of Health," specially designed to reduce the COVID-19 spread. The company introduced a unique variety of wearables that can improve employees' safety for those who need to be co-located in a workplace environment, while measures of social distance and physical isolation are in place. Owing to the increasing implementation of cloud-enabled low-energy Bluetooth networks, the high cost of network systems, and the complicated implementation & maintenance of such networks, the cloud segment is anticipated to dominate the market with a CAGR of approximately 44.5% in the forecast duration. Leading to AltBeacon's significant advantages, such as various vendor IDs and beacon codes, the AltBeacon segment is expected to hold the largest market over the forecast timeframe. Due to the rising popularity of Wi-Fi due to its advantages such as interconnectivity, improved customer privacy, and enhanced proximity detection, the Wi-Fi segment accounts for the largest market in the beacon technology market over the forecast period. Due to its several advantages, such as improving customer experience by providing interactive guides, sharing multi-language information and tips, and special offers, the retail segment is expected to dominate the market throughout the forecast period. Due to the presence of supermarket giants such as Walmart, Kroger, and Tesco in the region, North America held the largest market throughout the forecast timeframe. With the increasing government support to strengthen the retail business, the Asia Pacific region is anticipated to grow substantially. Key participants include Apple Inc., Sensorberg GmbH, Gimbal, Inc., Google Inc., Texas Instruments Inc., KS Technologies, LLC, Radius Networks Inc., Kontakt.io, Swirl Networks, Inc., and Estimote Inc., among others. To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/beacon-technology-market Emergen Research has segmented the Global Beacon Technology Market on the basis of deployment, platform, technology end-use, and region: Deployment Outlook (Revenue, USD Billion; 2017-2027) Cloud On-premises Platform Outlook (Revenue, USD Billion; 2017-2027) Eddystone iBeacon AltBeacon Technology Outlook (Revenue, USD Billion; 2017-2027) Wi-Fi Bluetooth Low Energy Ultrasound Others End-Use Outlook (Revenue, USD Billion; 2017-2027) Healthcare Real-estate Aviation Banking Hotels Retail Education Others Order Now: https://www.emergenresearch.com/select-license/233 Regional Outlook (Revenue, USD Billion; 2017-2027) North America U.S. Canada Mexico Europe Germany U.K. France BENELUX Rest of Europe Asia Pacific China Japan South Korea India Rest of APAC Latin America Brazil Rest of LATAM Middle East & Africa Saudi Arabia UAE Rest of MEA Find more similar research insights by Emergen Research: Medical Lighting Technologies MarketBy Product Type, By Application (Intensive care units (ICU), Operating room/surgical suites, Examination rooms, Others), By Technology (Incandescent and Halogen, Light-Emitting Diode (LED), Fluorescent lighting technologies, and Others), By Region Forecasts to 2027 Airborne LiDAR MarketBy Type (Bathymetric, Topographic), By Platform (UAVs, Fixed Wing Aircraft, Rotary Wing Aircraft), By Component (Cameras, Lasers, Micro-electromechanical Systems, Inertial Navigation Systems, GPS/GNSS), By Application, By End-Use, By Region Forecasts to 2027 Solar LED Street Lighting MarketBy Product (Grid Connected, Standalone), By Component (Solar Cell, Light Pole, LED Lamps), By End-Use (Residential, Industrial, Commercial), By Region Forecasts to 2027 Silicon Photonics Devices Market By Product (Optical Cables, Multiplexers, Optical Transceivers), By Devices (Photo Detector, Optical Waveguide, Optical Modulator), By Application (IT & Telecommunication, Healthcare, Defense, Consumer Electronics), and By Region, Forecasts to 2027 About Emergen Research At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade. With market-leading insights and an in-depth understanding of leading and niche technologies, our solutions address the most pertinent questions for your business needs. A major technological shift has been witnessed towards creating a 'Circular Economy,' fuelled by factors, such as the increased adoption of bio-based materials, along with other methods for achieving carbon neutrality. We are conversant in technologies, viz., Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), Robotic Process Automation (RPA), Smart Manufacturing, Internet of Things (IoT), Big Data Analytics, Machine learning, Nanotechnology, Edge Computing, Blockchain Technology, Cloud Computing, Vehicle Electrification, Advanced Maintenance Analytics, and Predictive Maintenance, among other prevalent and emergent technologies. Contact Us: Eric LeeCorporate Sales SpecialistEmergen Research | Web: https://www.emergenresearch.comDirect Line: +1 (604) 757-9756E-mail: [emailprotected]Read full Press Release at: https://www.emergenresearch.com/press-release/global-beacon-technology-market SOURCE Emergen Research
Answer:
|
Beacon Technology Market Size Worth USD 35.15 Billion by 2027 | CAGR of 44.1%: Emergen Research
|
VANCOUVER, BC, Oct. 29, 2020 /PRNewswire/ -- The GlobalBeacon Technology Marketis forecast to be worth USD 35.15 Billion by 2027, according to a current analysis by Emergen Research.The beacon technology market is anticipated to grow substantially owing to the growing penetration of the Internet of Things technology, increasing investments in proximity marketing, and rising demand for sensor-based devices in different industries. The growth in organized retail stores provides the players functioning in the beacon technology market with sufficient growth prospects. With the support of government-organized retail outlets are growing substantially, such as supermarkets, department stores, and hypermarkets, which is expected to fuel the market growth shortly. The high configuration costs and security problems are likely to hamper the growth of the market. Request free sample of this research report at:https://www.emergenresearch.com/request-sample/233 Key Highlights From The Report In April 2020, Estimote Inc. has implemented its technical expertise to create a new device named "Proof of Health," specially designed to reduce the COVID-19 spread. The company introduced a unique variety of wearables that can improve employees' safety for those who need to be co-located in a workplace environment, while measures of social distance and physical isolation are in place. Owing to the increasing implementation of cloud-enabled low-energy Bluetooth networks, the high cost of network systems, and the complicated implementation & maintenance of such networks, the cloud segment is anticipated to dominate the market with a CAGR of approximately 44.5% in the forecast duration. Leading to AltBeacon's significant advantages, such as various vendor IDs and beacon codes, the AltBeacon segment is expected to hold the largest market over the forecast timeframe. Due to the rising popularity of Wi-Fi due to its advantages such as interconnectivity, improved customer privacy, and enhanced proximity detection, the Wi-Fi segment accounts for the largest market in the beacon technology market over the forecast period. Due to its several advantages, such as improving customer experience by providing interactive guides, sharing multi-language information and tips, and special offers, the retail segment is expected to dominate the market throughout the forecast period. Due to the presence of supermarket giants such as Walmart, Kroger, and Tesco in the region, North America held the largest market throughout the forecast timeframe. With the increasing government support to strengthen the retail business, the Asia Pacific region is anticipated to grow substantially. Key participants include Apple Inc., Sensorberg GmbH, Gimbal, Inc., Google Inc., Texas Instruments Inc., KS Technologies, LLC, Radius Networks Inc., Kontakt.io, Swirl Networks, Inc., and Estimote Inc., among others. To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/beacon-technology-market Emergen Research has segmented the Global Beacon Technology Market on the basis of deployment, platform, technology end-use, and region: Deployment Outlook (Revenue, USD Billion; 2017-2027) Cloud On-premises Platform Outlook (Revenue, USD Billion; 2017-2027) Eddystone iBeacon AltBeacon Technology Outlook (Revenue, USD Billion; 2017-2027) Wi-Fi Bluetooth Low Energy Ultrasound Others End-Use Outlook (Revenue, USD Billion; 2017-2027) Healthcare Real-estate Aviation Banking Hotels Retail Education Others Order Now: https://www.emergenresearch.com/select-license/233 Regional Outlook (Revenue, USD Billion; 2017-2027) North America U.S. Canada Mexico Europe Germany U.K. France BENELUX Rest of Europe Asia Pacific China Japan South Korea India Rest of APAC Latin America Brazil Rest of LATAM Middle East & Africa Saudi Arabia UAE Rest of MEA Find more similar research insights by Emergen Research: Medical Lighting Technologies MarketBy Product Type, By Application (Intensive care units (ICU), Operating room/surgical suites, Examination rooms, Others), By Technology (Incandescent and Halogen, Light-Emitting Diode (LED), Fluorescent lighting technologies, and Others), By Region Forecasts to 2027 Airborne LiDAR MarketBy Type (Bathymetric, Topographic), By Platform (UAVs, Fixed Wing Aircraft, Rotary Wing Aircraft), By Component (Cameras, Lasers, Micro-electromechanical Systems, Inertial Navigation Systems, GPS/GNSS), By Application, By End-Use, By Region Forecasts to 2027 Solar LED Street Lighting MarketBy Product (Grid Connected, Standalone), By Component (Solar Cell, Light Pole, LED Lamps), By End-Use (Residential, Industrial, Commercial), By Region Forecasts to 2027 Silicon Photonics Devices Market By Product (Optical Cables, Multiplexers, Optical Transceivers), By Devices (Photo Detector, Optical Waveguide, Optical Modulator), By Application (IT & Telecommunication, Healthcare, Defense, Consumer Electronics), and By Region, Forecasts to 2027 About Emergen Research At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade. With market-leading insights and an in-depth understanding of leading and niche technologies, our solutions address the most pertinent questions for your business needs. A major technological shift has been witnessed towards creating a 'Circular Economy,' fuelled by factors, such as the increased adoption of bio-based materials, along with other methods for achieving carbon neutrality. We are conversant in technologies, viz., Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), Robotic Process Automation (RPA), Smart Manufacturing, Internet of Things (IoT), Big Data Analytics, Machine learning, Nanotechnology, Edge Computing, Blockchain Technology, Cloud Computing, Vehicle Electrification, Advanced Maintenance Analytics, and Predictive Maintenance, among other prevalent and emergent technologies. Contact Us: Eric LeeCorporate Sales SpecialistEmergen Research | Web: https://www.emergenresearch.comDirect Line: +1 (604) 757-9756E-mail: [emailprotected]Read full Press Release at: https://www.emergenresearch.com/press-release/global-beacon-technology-market SOURCE Emergen Research
|
edtsum5135
|
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 PASO, Texas, Nov. 9, 2020 /PRNewswire/ -- Hunt Companies, Inc. today announced the addition of Edward Escudero as a new independent member of its Board of Directors. (PRNewsfoto/Hunt Companies, Inc.) Edward Escudero is President and CEO of High Desert Capital, an El Paso-based small-business financing company. He is also Vice Chairman of WestStar Bank, a $2 billion regional bank headquartered in El Paso. Until 2013, Mr. Escudero was Executive Vice President and CFO of C&R Distributing, a major distributor of fuel and lubricants and owner of various convenience stores in West Texas and Southern New Mexico. He also served as Secretary and CFO of Petro Stopping Centers, L.P. During his tenure at Petro, the Company grew to have locations in 34 states and sales of over $2 billion. While at Petro, he held the vital role of managing various departments within the Company, including Accounting, Legal, Human Resources, Audit, Financial Planning, and Information Systems. In 2007, Mr. Escudero was instrumental in assembling the sale of Petro. "Mr. Escudero's appointment to the Hunt Board of Directors continues our effort to bring external expertise to bear on our business governance," said Woody Hunt, Senior Chairman of the Board. "Now, eight of the twelve board members come from outside the company and add a significant depth of experience and guidance to our privately-held company." Mr. Escudero has long been a supporter of the El Paso region via his participation on both corporate and nonprofit boards. He currently serves on the board of the El Paso Electric Company, the Medical Center of the Americas Foundation, the Hospitals of Providence Memorial & Sierra Campuses, the Paso del Norte Community Foundation, CREEED, El Paso Collaborative for Academic Excellence, Texas2036, the University of Texas at El Paso Business Advisory Council and Development Board, the Texas Business Leadership Council and The University of Texas Chancellor's Council Executive Committee and is Chairman of Trellis Company (formerly Texas Guaranteed Student Loans). He also served on the Texas State Securities Board from 2007-2011. Mr. Escudero has received several awards that recognize his achievements and philanthropic efforts, including the Lucy G. Acosta Humanitarian Award in 2020, the Community Spirit Award in 2015, El Paso Business Hall of Fame in 2014, Hispanos Triunfadores in 2013, and the UTEP Gold Nugget Award in 2012.Mr. Escudero, a CPA, received a B.B.A. in Accounting from the University of Texas at El Paso.About Hunt CompaniesHunt, based in El Paso, Texas, is a diversified, family-owned holding company that invests in operating businesses, real estate assets and infrastructure assets. Since its founding in 1947, Hunt's size and scope have grown substantially while gaining considerable expertise across multiple real asset sectors. Hunt's reputation is built on integrity and performance. Hunt is committed to a culture of transparency for employees, clients, investors, and the communities it serves. Hunt and its affiliates employ more than 3,000 people across the United States and Europe. Learn more at www.huntcompanies.com.SOURCE Hunt Companies, Inc. Related Links http://www.huntcompanies.com
Answer:
|
Hunt Companies Announces Addition Of Edward Escudero As A New External Board Director
|
EL PASO, Texas, Nov. 9, 2020 /PRNewswire/ -- Hunt Companies, Inc. today announced the addition of Edward Escudero as a new independent member of its Board of Directors. (PRNewsfoto/Hunt Companies, Inc.) Edward Escudero is President and CEO of High Desert Capital, an El Paso-based small-business financing company. He is also Vice Chairman of WestStar Bank, a $2 billion regional bank headquartered in El Paso. Until 2013, Mr. Escudero was Executive Vice President and CFO of C&R Distributing, a major distributor of fuel and lubricants and owner of various convenience stores in West Texas and Southern New Mexico. He also served as Secretary and CFO of Petro Stopping Centers, L.P. During his tenure at Petro, the Company grew to have locations in 34 states and sales of over $2 billion. While at Petro, he held the vital role of managing various departments within the Company, including Accounting, Legal, Human Resources, Audit, Financial Planning, and Information Systems. In 2007, Mr. Escudero was instrumental in assembling the sale of Petro. "Mr. Escudero's appointment to the Hunt Board of Directors continues our effort to bring external expertise to bear on our business governance," said Woody Hunt, Senior Chairman of the Board. "Now, eight of the twelve board members come from outside the company and add a significant depth of experience and guidance to our privately-held company." Mr. Escudero has long been a supporter of the El Paso region via his participation on both corporate and nonprofit boards. He currently serves on the board of the El Paso Electric Company, the Medical Center of the Americas Foundation, the Hospitals of Providence Memorial & Sierra Campuses, the Paso del Norte Community Foundation, CREEED, El Paso Collaborative for Academic Excellence, Texas2036, the University of Texas at El Paso Business Advisory Council and Development Board, the Texas Business Leadership Council and The University of Texas Chancellor's Council Executive Committee and is Chairman of Trellis Company (formerly Texas Guaranteed Student Loans). He also served on the Texas State Securities Board from 2007-2011. Mr. Escudero has received several awards that recognize his achievements and philanthropic efforts, including the Lucy G. Acosta Humanitarian Award in 2020, the Community Spirit Award in 2015, El Paso Business Hall of Fame in 2014, Hispanos Triunfadores in 2013, and the UTEP Gold Nugget Award in 2012.Mr. Escudero, a CPA, received a B.B.A. in Accounting from the University of Texas at El Paso.About Hunt CompaniesHunt, based in El Paso, Texas, is a diversified, family-owned holding company that invests in operating businesses, real estate assets and infrastructure assets. Since its founding in 1947, Hunt's size and scope have grown substantially while gaining considerable expertise across multiple real asset sectors. Hunt's reputation is built on integrity and performance. Hunt is committed to a culture of transparency for employees, clients, investors, and the communities it serves. Hunt and its affiliates employ more than 3,000 people across the United States and Europe. Learn more at www.huntcompanies.com.SOURCE Hunt Companies, Inc. Related Links http://www.huntcompanies.com
|
edtsum5136
|
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 3, 2021 /PRNewswire/ -- As ocean ecosystems continue to face unprecedented pressure Thai Union, one of the world's largest seafood companies, has partnered with leading global conservation organization The Nature Conservancy (TNC), on a pioneering commitment to full supply-chain transparency in its global tuna supply chains. This commitment has the potential to push the entire industry in a more sustainable direction by addressing widespread illegal, unregulated and unreported (IUU) fishing practices. Thai Union Group, a global leading seafood provider with annual revenues of more than US$4.1 billion will work with TNC's sustainable fisheries experts to implement 100% 'on-the-water' monitoring of its vast tuna supply chain by 2025. This work includes deploying electronic monitoring on all of its partner vessels in their supply chains including onboard video cameras, GPS, and sensors to automatically track activities onboard and/orhuman observers. Global seafood giant, Thai Union, commits to 100% transparency in its international tuna supply chain by 2025. Tweet this Jennifer Morris, CEO of The Nature Conservancy, said: "We are very excited about the potential of this partnership to shift the sustainability needle across the entire canned seafood sector. Consumers and retailers send powerful signals when they choose sustainable products, and TNC hopes this commitment will catalyze rapid growth in electronic monitoring and transparency in fisheries all over the world." IUU malpractice has serious repercussions for everything from overfishing of dwindling tuna stocks, to unsustainable levels of bycatch of at-risk sea life like sharks and sea turtles. The lack of adequate monitoring also contributes to hundreds of millions of dollars in lost revenues for local fishing communities and national governments alike.Thiraphong Chansiri, President & CEO of Thai Union, said: "Thai Union has made significant strides in making sustainability a key attribute of our company, from the creation of our global sustainability strategy, SeaChange to partnering with leading organisations like The Nature Conservancy. We understand that change does not happen in a vacuum, it is through collaboration and partnership that we shape the future. Change takes more than a wish and well-crafted words, those that are in a leadership position must define the path forward through actions and results. I look forward to the sustainable future Thai Union and TNC can help create through increased electronic monitoring and transparency throughout the seafood industry."Withthe Western and Central Pacific Fisheries Commission continuing to suspend observer coverage on purse seine fishing vessels due to COVID-19andwithout nearly enough at-sea monitoring happening globally, this commitment is more significant and timely than ever. Not only has fishing continued during the pandemic (a recent study estimated that COVID-19 has reduced fishing efforts by just 4%), the pandemic has in fact sparked a surge in the purchase of canned tuna globally. Data recently released by the UN Food and Agriculture Organization (FAO) showed that wholesale prices for tuna were up 41% from the previous year, and food companies reported doubling of sales in 2020.Mark Zimring, Director of The Nature Conservancy's Large Scale Fisheries Program, said: "Electronic monitoring creates transparency critical to consumers having confidence that their seafood products have been harvested legally, sustainably and without labor abuses. Effective monitoring contributes vital data, the current absence of which makes regulation of even the most vulnerable fisheries difficult. By partnering with one of the biggest players in the seafood supply sector to plug this data gap, Thai Union and TNC have a real chance to achieve durable change at a global scale."Through this partnership, Thai Union and TNC will jointly advocate and engage with governments, regulators, and supply chain actors to drive progress towards 100% monitoring at sea by 2025 within its European wild caught sprat, mackerel, herring and whiting supply chains. In addition, Thai Union will implement a fish aggregating device (FAD) management plan in their wild caught purse seine tuna supply chain that mitigates environmental risks no later than 2025. FAD devices are floating objects that are designed to attract pelagic fish, but can lead to bycatch such as entanglement of turtles and impacts on vulnerable reefs.The Nature Conservancy (TNC)The Nature Conservancy is a global conservation organisation dedicated to conserving the lands and waters on which all life depends. Guided by science, we create innovative, on-the-ground solutions to our world's toughest challenges so that nature and people can thrive together. We are tackling climate change, conserving lands, waters and oceans at an unprecedented scale, providing food and water sustainably and helping make cities more sustainable. Working in 72 countries, we use a collaborative approach that engages local communities, governments, the private sector, and other partners. To learn more, visit www.nature.org or follow @nature_press on Twitter.Thai Union Group Thai Union Group PCL is the world's seafood leader, bringing high quality, healthy, tasty and innovative seafood products to customers across the world for more than 40 years.Today, Thai Union is regarded as one of the world's leading seafood producers and is one of the largest producers of shelf-stable tuna products with annual sales exceeding THB 126.3 billion (US$ 4.1 billion)and a global workforce of more than 44,000 people who are dedicated to pioneering sustainable, innovative seafood products.The company's global brand portfolio includes market-leading international brands such as Chicken of the Sea, John West, Petit Navire, Parmentier, Mareblu, King Oscar, and Rgen Fisch and Thai-leading brands SEALECT, Fisho, Qfresh, Monori, Bellotta and Marvo.As a company committed to innovation and globally responsible behavior, Thai Union is proud to be a member of the United Nations Global Compact, and a founding member of the International Seafood Sustainability Foundation (ISSF). In 2015, Thai Union introduced its SeaChange sustainability strategy. Find out more atseachangesustainability.org.Thai Union's on-going work on sustainability issues was recognized in 2018 and 2019 by being ranked number one in the world in the Food Products Industry in the Dow Jones Sustainability Index, achieving a 100th percentile ranking for total sustainability score. Thai Union has now been named to the DJSI for seven consecutive years. Thai Union was also named to the FTSE4Good Emerging Index for the fourth straight year in 2019.Media contactsUS: Rachel Winters, The Nature Conservancy, [emailprotected], +1 267/210-2189UK/Europe: Tom Jennings, The Nature Conservancy, [emailprotected], +44 7403 995994SOURCE Thai Union Group PCL
Answer:
|
Sea Change: The Nature Conservancy And Thai Union Partner Around Game-Changing Transparency Pledge Global seafood giant, known for top-selling household name tuna brands including Chicken of the Sea and John West, commits to 100% transparency in its international tuna supply chain by 2025
|
ARLINGTON, Va., March 3, 2021 /PRNewswire/ -- As ocean ecosystems continue to face unprecedented pressure Thai Union, one of the world's largest seafood companies, has partnered with leading global conservation organization The Nature Conservancy (TNC), on a pioneering commitment to full supply-chain transparency in its global tuna supply chains. This commitment has the potential to push the entire industry in a more sustainable direction by addressing widespread illegal, unregulated and unreported (IUU) fishing practices. Thai Union Group, a global leading seafood provider with annual revenues of more than US$4.1 billion will work with TNC's sustainable fisheries experts to implement 100% 'on-the-water' monitoring of its vast tuna supply chain by 2025. This work includes deploying electronic monitoring on all of its partner vessels in their supply chains including onboard video cameras, GPS, and sensors to automatically track activities onboard and/orhuman observers. Global seafood giant, Thai Union, commits to 100% transparency in its international tuna supply chain by 2025. Tweet this Jennifer Morris, CEO of The Nature Conservancy, said: "We are very excited about the potential of this partnership to shift the sustainability needle across the entire canned seafood sector. Consumers and retailers send powerful signals when they choose sustainable products, and TNC hopes this commitment will catalyze rapid growth in electronic monitoring and transparency in fisheries all over the world." IUU malpractice has serious repercussions for everything from overfishing of dwindling tuna stocks, to unsustainable levels of bycatch of at-risk sea life like sharks and sea turtles. The lack of adequate monitoring also contributes to hundreds of millions of dollars in lost revenues for local fishing communities and national governments alike.Thiraphong Chansiri, President & CEO of Thai Union, said: "Thai Union has made significant strides in making sustainability a key attribute of our company, from the creation of our global sustainability strategy, SeaChange to partnering with leading organisations like The Nature Conservancy. We understand that change does not happen in a vacuum, it is through collaboration and partnership that we shape the future. Change takes more than a wish and well-crafted words, those that are in a leadership position must define the path forward through actions and results. I look forward to the sustainable future Thai Union and TNC can help create through increased electronic monitoring and transparency throughout the seafood industry."Withthe Western and Central Pacific Fisheries Commission continuing to suspend observer coverage on purse seine fishing vessels due to COVID-19andwithout nearly enough at-sea monitoring happening globally, this commitment is more significant and timely than ever. Not only has fishing continued during the pandemic (a recent study estimated that COVID-19 has reduced fishing efforts by just 4%), the pandemic has in fact sparked a surge in the purchase of canned tuna globally. Data recently released by the UN Food and Agriculture Organization (FAO) showed that wholesale prices for tuna were up 41% from the previous year, and food companies reported doubling of sales in 2020.Mark Zimring, Director of The Nature Conservancy's Large Scale Fisheries Program, said: "Electronic monitoring creates transparency critical to consumers having confidence that their seafood products have been harvested legally, sustainably and without labor abuses. Effective monitoring contributes vital data, the current absence of which makes regulation of even the most vulnerable fisheries difficult. By partnering with one of the biggest players in the seafood supply sector to plug this data gap, Thai Union and TNC have a real chance to achieve durable change at a global scale."Through this partnership, Thai Union and TNC will jointly advocate and engage with governments, regulators, and supply chain actors to drive progress towards 100% monitoring at sea by 2025 within its European wild caught sprat, mackerel, herring and whiting supply chains. In addition, Thai Union will implement a fish aggregating device (FAD) management plan in their wild caught purse seine tuna supply chain that mitigates environmental risks no later than 2025. FAD devices are floating objects that are designed to attract pelagic fish, but can lead to bycatch such as entanglement of turtles and impacts on vulnerable reefs.The Nature Conservancy (TNC)The Nature Conservancy is a global conservation organisation dedicated to conserving the lands and waters on which all life depends. Guided by science, we create innovative, on-the-ground solutions to our world's toughest challenges so that nature and people can thrive together. We are tackling climate change, conserving lands, waters and oceans at an unprecedented scale, providing food and water sustainably and helping make cities more sustainable. Working in 72 countries, we use a collaborative approach that engages local communities, governments, the private sector, and other partners. To learn more, visit www.nature.org or follow @nature_press on Twitter.Thai Union Group Thai Union Group PCL is the world's seafood leader, bringing high quality, healthy, tasty and innovative seafood products to customers across the world for more than 40 years.Today, Thai Union is regarded as one of the world's leading seafood producers and is one of the largest producers of shelf-stable tuna products with annual sales exceeding THB 126.3 billion (US$ 4.1 billion)and a global workforce of more than 44,000 people who are dedicated to pioneering sustainable, innovative seafood products.The company's global brand portfolio includes market-leading international brands such as Chicken of the Sea, John West, Petit Navire, Parmentier, Mareblu, King Oscar, and Rgen Fisch and Thai-leading brands SEALECT, Fisho, Qfresh, Monori, Bellotta and Marvo.As a company committed to innovation and globally responsible behavior, Thai Union is proud to be a member of the United Nations Global Compact, and a founding member of the International Seafood Sustainability Foundation (ISSF). In 2015, Thai Union introduced its SeaChange sustainability strategy. Find out more atseachangesustainability.org.Thai Union's on-going work on sustainability issues was recognized in 2018 and 2019 by being ranked number one in the world in the Food Products Industry in the Dow Jones Sustainability Index, achieving a 100th percentile ranking for total sustainability score. Thai Union has now been named to the DJSI for seven consecutive years. Thai Union was also named to the FTSE4Good Emerging Index for the fourth straight year in 2019.Media contactsUS: Rachel Winters, The Nature Conservancy, [emailprotected], +1 267/210-2189UK/Europe: Tom Jennings, The Nature Conservancy, [emailprotected], +44 7403 995994SOURCE Thai Union Group PCL
|
edtsum5142
|
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: DUBAI, United Arab Emirates, Dec. 23, 2020 /PRNewswire/ -- Dongshan Investments Limited ("Dongshan") has today announced its intention to make an off-market takeover offer of A$1.20 per share ("Offer") to acquire all of the ordinary shares in Cardinal Resources Limited ACN 147 325 620 ("Cardinal").Highlights View PDF Intention to make an all-cash takeover offer of A$1.20. Offer represents a 15% premium to the 3 (three) month Volume Weighted Average Price of 1.045A$ per Cardinal Share and a 12% premium to the maximum price offered under the current offer by Shandong (1.075A$ per Cardinal Share). Conditions to the Offer will include financing, limited due diligence, and regulatory approvals (a full list of the conditions to the Offer is provided in Annexure 1 of this announcement). Dongshan has a full cycle exploration and mining business in the Republic of the Sudan with production capacity of up to 95,000 ounces of gold per year (approx. 3 t Au/yr) which is supported by a strong in-house geological and production team with 10+ years' experience in exploration and mining (further information of Dongshan's technical experience is set out in Section 'About Dongshan' below). Dongshan's Sudanese subsidiary, Alliance for Mining Co. Ltd., is the biggest industrial gold producer in Sudan. Dongshan is aiming to enhance its gold production portfolio by acquiring world-class assets, and the Namdini Gold Project in Ghana, which is owned by the Cardinal Group (the "Namdini Project"), perfectly fits this development strategy. Background to the OfferIn September 2020 Dongshan became an Emirati-Russian joint venture. Dongshan's shareholders tasked management with increasing Dongshan's resource base and bringing new exploration and mining projects to the group's portfolio. This is when the Namdini Project came to our attention as the first acquisition target. We believe that by acquiring the Namdini Project and later building it, we will establish ourselves as a major gold producer in West Africa. Offer conditionsThe Offer is subject to a number of conditions, including a limited due diligence condition and funding condition. A full list of the conditions to the Offer is provided in Annexure 1 of this announcement.Dongshan requires that limited due diligence be undertaken to confirm circumstances listed in Annexure 2 of this announcement. Dongshan is ready to commence due diligence immediately upon being granted access by Cardinal and intends to complete this process by 31 January 2021 at the latest.Dongshan's majority shareholder, Wahaj Commercial Investment - Sole Proprietorship L.L.C. ("WAHAJ") has received confirmation from First Abu Dhabi Bank, U.A.E. of the availability of a credit facility of up to USD300,000,000 for the purposes of WAHAJ supporting the Offer, subject to First Abu Dhabi Bank's internal approvals and availability of limits.About DongshanDongshan is an Emirati-Russian joint venture that has been established by a common effort of Emirati and Russian business circles to develop high potential mining projects in different countries, especially countries in Africa. Over the past 10 years, Dongshan has built a profound in-house exploration and mining expertise (mainly in Africa), enabling it to make independent verifications and geological evaluations for both internal and external clients and operate projects at all stages of their lifecycle from securing financing and exploration to marketing and monetization. The experience of the Dongshan team in mineral resources exploration covers countries as Sudan, Niger, Mali, Chad, Ivory Coast, Mauritania, Zimbabwe, and Eritrea. Currently, Dongshan has an active gold production project in Sudan where it successfully proceeded from gold exploration to production stage with production capacity of up to 95,000 ounces of gold per year (approx. 3 t Au/yr). The main milestones which have been achieved in relation to this project are: April 2013 obtainment of exploration license for Block 30; May 2015 commenced gold production; March 2016 production of 1st ton of gold; January 2018 extension of production capacity of the gold processing plant to up to 3 t Au/y. In addition, Dongshan currently has an active exploration project in the Islamic Republic of Mauritania.Dongshan is aiming to increase its gold production portfolio with world-class assets, and the Namdini Project perfectly fits this development strategy. AdvisersDongshan has engaged the following advisers in relation to the Offer: Financial advisor PricewaterhouseCoopers Corporate Finance Inc. (Canada); Legal and tax advisor PricewaterhouseCoopers Legal (Australia); Technical advisor in-house geological and production team of Alnair Mineral Services DMCC (a wholly-owned subsidiary of Dongshan). This release has been authorised by the Board of Directors of Dongshan.PDF - https://mma.prnewswire.com/media/1391549/Appendix_document.pdfSOURCE Dongshan Investments
Answer:
|
Dongshan Investments announces intention to make A$1.20 cash takeover offer for Cardinal Resources USA - English USA - English USA - English
|
DUBAI, United Arab Emirates, Dec. 23, 2020 /PRNewswire/ -- Dongshan Investments Limited ("Dongshan") has today announced its intention to make an off-market takeover offer of A$1.20 per share ("Offer") to acquire all of the ordinary shares in Cardinal Resources Limited ACN 147 325 620 ("Cardinal").Highlights View PDF Intention to make an all-cash takeover offer of A$1.20. Offer represents a 15% premium to the 3 (three) month Volume Weighted Average Price of 1.045A$ per Cardinal Share and a 12% premium to the maximum price offered under the current offer by Shandong (1.075A$ per Cardinal Share). Conditions to the Offer will include financing, limited due diligence, and regulatory approvals (a full list of the conditions to the Offer is provided in Annexure 1 of this announcement). Dongshan has a full cycle exploration and mining business in the Republic of the Sudan with production capacity of up to 95,000 ounces of gold per year (approx. 3 t Au/yr) which is supported by a strong in-house geological and production team with 10+ years' experience in exploration and mining (further information of Dongshan's technical experience is set out in Section 'About Dongshan' below). Dongshan's Sudanese subsidiary, Alliance for Mining Co. Ltd., is the biggest industrial gold producer in Sudan. Dongshan is aiming to enhance its gold production portfolio by acquiring world-class assets, and the Namdini Gold Project in Ghana, which is owned by the Cardinal Group (the "Namdini Project"), perfectly fits this development strategy. Background to the OfferIn September 2020 Dongshan became an Emirati-Russian joint venture. Dongshan's shareholders tasked management with increasing Dongshan's resource base and bringing new exploration and mining projects to the group's portfolio. This is when the Namdini Project came to our attention as the first acquisition target. We believe that by acquiring the Namdini Project and later building it, we will establish ourselves as a major gold producer in West Africa. Offer conditionsThe Offer is subject to a number of conditions, including a limited due diligence condition and funding condition. A full list of the conditions to the Offer is provided in Annexure 1 of this announcement.Dongshan requires that limited due diligence be undertaken to confirm circumstances listed in Annexure 2 of this announcement. Dongshan is ready to commence due diligence immediately upon being granted access by Cardinal and intends to complete this process by 31 January 2021 at the latest.Dongshan's majority shareholder, Wahaj Commercial Investment - Sole Proprietorship L.L.C. ("WAHAJ") has received confirmation from First Abu Dhabi Bank, U.A.E. of the availability of a credit facility of up to USD300,000,000 for the purposes of WAHAJ supporting the Offer, subject to First Abu Dhabi Bank's internal approvals and availability of limits.About DongshanDongshan is an Emirati-Russian joint venture that has been established by a common effort of Emirati and Russian business circles to develop high potential mining projects in different countries, especially countries in Africa. Over the past 10 years, Dongshan has built a profound in-house exploration and mining expertise (mainly in Africa), enabling it to make independent verifications and geological evaluations for both internal and external clients and operate projects at all stages of their lifecycle from securing financing and exploration to marketing and monetization. The experience of the Dongshan team in mineral resources exploration covers countries as Sudan, Niger, Mali, Chad, Ivory Coast, Mauritania, Zimbabwe, and Eritrea. Currently, Dongshan has an active gold production project in Sudan where it successfully proceeded from gold exploration to production stage with production capacity of up to 95,000 ounces of gold per year (approx. 3 t Au/yr). The main milestones which have been achieved in relation to this project are: April 2013 obtainment of exploration license for Block 30; May 2015 commenced gold production; March 2016 production of 1st ton of gold; January 2018 extension of production capacity of the gold processing plant to up to 3 t Au/y. In addition, Dongshan currently has an active exploration project in the Islamic Republic of Mauritania.Dongshan is aiming to increase its gold production portfolio with world-class assets, and the Namdini Project perfectly fits this development strategy. AdvisersDongshan has engaged the following advisers in relation to the Offer: Financial advisor PricewaterhouseCoopers Corporate Finance Inc. (Canada); Legal and tax advisor PricewaterhouseCoopers Legal (Australia); Technical advisor in-house geological and production team of Alnair Mineral Services DMCC (a wholly-owned subsidiary of Dongshan). This release has been authorised by the Board of Directors of Dongshan.PDF - https://mma.prnewswire.com/media/1391549/Appendix_document.pdfSOURCE Dongshan Investments
|
edtsum5147
|
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 wooden furniture market is poised to grow by USD 44.86 bn during 2020-2024, progressing at a CAGR of over 2% during the forecast period. Worried about the impact of COVID-19 on your Business? Here is an Exclusive report talking about Market scenarios, Estimates, the impact of lockdown, and Customer Behaviour. Get FREE Sample Report in Minutes! The report on the wooden furniture market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment. The market is driven by growth of the real estate and construction industry. The wooden furniture market analysis includes product segment, application segment and geography landscape. This study identifies the rising demand for luxury furniture as one of the prime reasons driving the wooden furniture market growth during the next few years. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. The wooden furniture market covers the following areas: Wooden Furniture Market Sizing Wooden Furniture Market Forecast Wooden Furniture Market Analysis Companies Mentioned Related Reports on Consumer Discretionary Include: Key Topics Covered: Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by Product Market Segmentation by Application Customer Landscape Geographic Landscape Vendor Landscape Vendor Analysis Appendix 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 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:
|
Wooden Furniture Market 2020-2024- Featuring Ashley Furniture Industries Inc., Duresta Upholstery Ltd., Herman Miller Inc., among others to contribute to the market growth | Technavio
|
LONDON--(BUSINESS WIRE)--The wooden furniture market is poised to grow by USD 44.86 bn during 2020-2024, progressing at a CAGR of over 2% during the forecast period. Worried about the impact of COVID-19 on your Business? Here is an Exclusive report talking about Market scenarios, Estimates, the impact of lockdown, and Customer Behaviour. Get FREE Sample Report in Minutes! The report on the wooden furniture market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment. The market is driven by growth of the real estate and construction industry. The wooden furniture market analysis includes product segment, application segment and geography landscape. This study identifies the rising demand for luxury furniture as one of the prime reasons driving the wooden furniture market growth during the next few years. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. The wooden furniture market covers the following areas: Wooden Furniture Market Sizing Wooden Furniture Market Forecast Wooden Furniture Market Analysis Companies Mentioned Related Reports on Consumer Discretionary Include: Key Topics Covered: Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by Product Market Segmentation by Application Customer Landscape Geographic Landscape Vendor Landscape Vendor Analysis Appendix 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 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.
|
edtsum5148
|
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: NORFOLK, Neb.--(BUSINESS WIRE)--Condor Hospitality Trust, Inc. (NYSE American: CDOR) (the Company), pursuant to the disclosure requirements of the NYSE American Company Guidelines Sections 401(h) and 610(b), the Company advises that its audited financial statements for the fiscal year ended December 31, 2020, included in its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 as filed with the Securities and Exchange Commission, contains an audit opinion from its independent registered public accounting firm that due to circumstances related to a loan includes an explanatory paragraph related to the Companys ability to continue as a going concern. Matters relating to this item are set forth in the Form 10-K, where the Company expresses its views with respect to third party actions related to a specific loan, the underlying reason for the going concern paragraph. This advisement does not represent any change or amendment to the Companys financial statements or to its Annual Report on Form 10-K for the fiscal year ended December 31, 2020. About Condor Hospitality Trust, Inc. Condor Hospitality Trust, Inc. (NYSE American: CDOR) is a self-administered real estate investment trust that specializes in the investment and ownership of upper midscale and upscale, premium-branded, select-service, extended-stay, and limited-service hotels in the top 100 Metropolitan Statistical Areas (MSAs) with a particular focus on the top 20 to 60 MSAs. The Company currently owns 15 hotels in 8 states. Condors hotels are franchised by a number of the industrys most well-regarded brand families including Hilton, Marriott, and InterContinental Hotels. Forward-Looking Statement This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts, and in some cases, can be identified by the use of forward-looking terminology such as may, will, expect, intend, anticipate, estimate, believe, continue, project, plan, the negative version of these words or other similar expressions. Readers are cautioned not to place undue reliance on any such forward-looking statements. All forward-looking statements speak only as of the date hereof and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Factors which could have a material adverse effect on our operations and future prospects include, but are not limited to, changes in economic conditions generally and the real estate market specifically, legislative/regulatory changes (including changes to laws governing the taxation of real estate investment trusts), availability of capital, risks associated with debt financing, interest rates, competition, supply and demand for hotel rooms in our current and proposed market areas, policies and guidelines applicable to real estate investment trusts, risks related to uncertainty and disruption in global economic markets as a result of COVID-19 (commonly referred to as the coronavirus), and other risks and uncertainties described herein, and in our filings with the Securities and Exchange Commission (SEC) from time to time. These risks and uncertainties should be considered in evaluating any forward-looking statements. The forward-looking statements represent Condors views as of the date on which such statements were made. Condor anticipates that subsequent events and developments may cause those views to change. These forward-looking statements should not be relied upon as representing Condors views as of any date subsequent to the date hereof. Condor expressly disclaims a duty to provide updates to forward-looking statements, whether as a result of new information, future events or other occurrences. Additional factors that may affect the Companys business or financial results are described in the risk factors included in the Companys filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Answer:
|
Condor Hospitality Trust Going Concern Press Release
|
NORFOLK, Neb.--(BUSINESS WIRE)--Condor Hospitality Trust, Inc. (NYSE American: CDOR) (the Company), pursuant to the disclosure requirements of the NYSE American Company Guidelines Sections 401(h) and 610(b), the Company advises that its audited financial statements for the fiscal year ended December 31, 2020, included in its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 as filed with the Securities and Exchange Commission, contains an audit opinion from its independent registered public accounting firm that due to circumstances related to a loan includes an explanatory paragraph related to the Companys ability to continue as a going concern. Matters relating to this item are set forth in the Form 10-K, where the Company expresses its views with respect to third party actions related to a specific loan, the underlying reason for the going concern paragraph. This advisement does not represent any change or amendment to the Companys financial statements or to its Annual Report on Form 10-K for the fiscal year ended December 31, 2020. About Condor Hospitality Trust, Inc. Condor Hospitality Trust, Inc. (NYSE American: CDOR) is a self-administered real estate investment trust that specializes in the investment and ownership of upper midscale and upscale, premium-branded, select-service, extended-stay, and limited-service hotels in the top 100 Metropolitan Statistical Areas (MSAs) with a particular focus on the top 20 to 60 MSAs. The Company currently owns 15 hotels in 8 states. Condors hotels are franchised by a number of the industrys most well-regarded brand families including Hilton, Marriott, and InterContinental Hotels. Forward-Looking Statement This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts, and in some cases, can be identified by the use of forward-looking terminology such as may, will, expect, intend, anticipate, estimate, believe, continue, project, plan, the negative version of these words or other similar expressions. Readers are cautioned not to place undue reliance on any such forward-looking statements. All forward-looking statements speak only as of the date hereof and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Factors which could have a material adverse effect on our operations and future prospects include, but are not limited to, changes in economic conditions generally and the real estate market specifically, legislative/regulatory changes (including changes to laws governing the taxation of real estate investment trusts), availability of capital, risks associated with debt financing, interest rates, competition, supply and demand for hotel rooms in our current and proposed market areas, policies and guidelines applicable to real estate investment trusts, risks related to uncertainty and disruption in global economic markets as a result of COVID-19 (commonly referred to as the coronavirus), and other risks and uncertainties described herein, and in our filings with the Securities and Exchange Commission (SEC) from time to time. These risks and uncertainties should be considered in evaluating any forward-looking statements. The forward-looking statements represent Condors views as of the date on which such statements were made. Condor anticipates that subsequent events and developments may cause those views to change. These forward-looking statements should not be relied upon as representing Condors views as of any date subsequent to the date hereof. Condor expressly disclaims a duty to provide updates to forward-looking statements, whether as a result of new information, future events or other occurrences. Additional factors that may affect the Companys business or financial results are described in the risk factors included in the Companys filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
|
edtsum5151
|
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--(BUSINESS WIRE)--Thompson Hine LLP has elected 11 new partners, effective January 1, 2021. The new partners, located across five of the firms offices, represent a broad range of practice areas, including Business Litigation, Business Restructuring, Creditors Rights & Bankruptcy, Construction, Corporate Transactions & Securities, Personal & Succession Planning, Real Estate and Tax. These future leaders of our firm exhibit outstanding skill in their practice areas and embrace the innovative ideas that drive our commitment to providing enhanced value to clients. Each of them is dedicated to helping clients achieve their business goals by delivering exceptional legal services while affording clients greater efficiency, predictability, and transparency. We are proud to welcome these attorneys to our partnership, said Deborah Z. Read, Thompson Hines managing partner. The new partners are: John C. Allerding, a member of the Business Restructuring, Creditors Rights & Bankruptcy practice group in the Atlanta and Cleveland offices. He represents clients across a wide range of industries on a variety of matters, including commercial and creditors rights, bankruptcy, distressed and special asset workouts, drafting and negotiation of asset purchase agreements, preference action litigation, fraudulent transfer litigation, Uniform Commercial Code disputes, assignments for the benefit of creditors, commercial litigation, contract analysis and negotiation, corporate director and officer liability litigation, financial institution and mortgage servicer defense under various federal and state consumer protection statutes, and trust reformation and litigation. Allerding was selected to the Ohio Super Lawyers Rising Stars list in 2014 and from 2016 to 2021. He received his J.D. from the University of Michigan Law School and his B.A., summa cum laude, from Baldwin-Wallace College. Kris Brandenburg, a member of the Real Estate practice group in Cincinnati. He focuses his practice on serving local and national commercial real estate developers, owners and operators. His practice involves urban redevelopment, multifamily, mixed-use, hospitality, office and retail projects. Brandenburg was selected to the Ohio Super Lawyers Rising Stars list from 2015 to 2020. He received his J.D. from the Northern Kentucky University Chase College of Law and his B.A. from the University of Cincinnati. Jennifer N. Elleman, a member of the Corporate Transactions & Securities practice group in Dayton. She focuses her practice on drafting and negotiating commercial contracts in a wide range of industries, with a particular focus on technology license and sale agreements. Elleman represents technology providers and companies licensing information technology solutions in matters involving software licensing (both on-premise and SaaS), database and content licensing agreements, managed technology service agreements and technology outsourcing agreements. She also co-leads the firms Contract Solutions group, which provides a process-driven approach to contracting designed to help clients develop cost-effective alternatives for managing their contracts. Elleman received her J.D., with honors, from The Ohio State University Moritz College of Law and her B.A., magna cum laude, from Miami University. Craig A. Foster, a member of the Corporate Transactions & Securities practice group in Columbus. He primarily assists the firms Investment Management and Privacy & Cybersecurity practices. He helps registered investment advisers with all aspects of their operations, including formation, registration, licensing, disclosure, privacy, client contracts, employee agreements, compliance programs, responding to regulatory exams, and website and advertising review. He also advises investment company clients and has substantial experience in organizing and launching funds, drafting prospectuses and service provider agreements, advising fund boards, seeking exemptive relief, responding to inquiries from regulators and coordinating with fund service providers. In addition, Foster, who has earned the International Association of Privacy Professionals (IAPP) Certified Information Privacy Professional/United States (CIPP/US) credential, counsels clients on compliance with state, federal and international laws governing information privacy and security. He received his J.D. from Harvard Law School and his B.A., with distinction, from the University of Virginia. Sean Ganley, a member of the Corporate Transactions & Securities practice group in Cleveland. He focuses his practice on representing entrepreneurs, emerging companies, early-stage investors and venture capital firms. He advises company-side clients from formation through funding to exit and has experience in complex, venture-style corporate finance matters, mergers and acquisitions, and corporate organization and governance matters. Ganley received his J.D., magna cum laude, from Case Western Reserve University School of Law and his M.B.A. and B.A., cum laude, from John Carroll University. Jesse L. Jenike-Godshalk, a member of the Business Litigation practice group in Cincinnati. He represents clients in state and federal court, focusing his practice on complex commercial litigation, particularly intellectual property disputes involving patents, trademarks or copyrights, as well as class action defense. He was selected to the Ohio Super Lawyers Rising Stars list from 2019 to 2021. Jenike-Godshalk received his J.D., summa cum laude, from the University of Cincinnati College of Law, his M.A. from the University of Chicago and his B.A., summa cum laude, from the University of Cincinnati. Mendy Piekarski, a member of the Business Litigation practice group in New York. His experience includes federal and state court litigation and arbitration in areas of law including complex breach of contract, shareholder and securities litigation, class action defense, business torts, fraud, internal investigations, and SEC and FINRA investigations. He represents asset-based lenders and merchant cash advance companies, real estate developers, financial institutions, broker-dealers and tech companies. Piekarski received his J.D. from Boston University School of Law and his B.S. from Binghamton University. Kevin R. Tabor, a member of the Tax practice group in Cleveland. He focuses his practice on federal income tax law and Ohio tax law and advises on both transactional and tax controversy matters. As part of his transactional practice, Tabor advises clients on all aspects of corporate and partnership taxation, with particular experience in cross-border tax matters. His tax controversy practice includes representing clients before the IRS and Ohio Department of Taxation in audits, administrative appeals, litigation and criminal tax investigations. He also advises clients on renewable energy transactions, including matters related to the Section 48 energy investment tax credit, equipment leasing and the economic substance doctrine. Tabor is a certified public accountant in Ohio and was selected for inclusion in The Best Lawyers in America 2021. He received his J.D. from The Ohio State University Moritz College of Law and his M.Acc. and B.S.B.A., magna cum laude, from The Ohio State University. Bill Thrush, a member of the Construction practice group in Cleveland. His litigation experience includes representing clients at trial and in arbitrations, mediations and appeals involving a wide range of complex multimillion-dollar construction and real estate matters. His transactional practice includes preparing and negotiating construction contracts, design agreements, leases and other contract documents for construction and real estate clients. Thrush is a Professional Engineer (licensed in Oregon) and was a LEED Accredited Professional in Building Design + Construction. He was listed in The Legal 500 as a Rising Star and Recommended Attorney for Construction in 2019 and 2020. Thrush received his J.D. from Lewis & Clark Law School and his B.S. from the University of Dayton. Ashley A. Weyenberg, a member of the Personal & Succession Planning practice group in Dayton. She focuses her practice on high net worth, business-connected individuals and families across the United States and abroad. She advises on sophisticated domestic and international estate and trust planning, administration and compliance; succession and governance of closely held companies; structuring and operation of family offices and private trust companies; charitable planning; and matters involving the IRS, including obtaining advance private rulings and handling audit disputes. Weyenberg also volunteers with and supports organizations dedicated to social, racial and economic justice and equality. She received her LL.M., with distinction, from Georgetown University Law Center, her J.D., with high distinction, from the Ohio Northern University College of Law, and her B.S., magna cum laude, from Trine University. Renee Zaytsev, a member of the Business Litigation practice group in New York. She represents businesses and fiduciaries in high-stakes commercial disputes, with a focus on securities and shareholder litigation. Her experience includes representing companies and their directors and officers in defending against shareholder derivative suits and securities class actions. She also assists corporations and their boards in managing litigation risk and advises them on, among other topics, corporate governance matters and proxy contests. Zaytsev also has substantial experience representing hedge funds, private equity firms and emerging companies in complex litigation matters. She received her J.D. from Georgetown University Law Center and her B.A. from Stanford University. About Thompson Hine LLP. Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 8 offices, was ranked number 1 in the category Most innovative North American law firms: New working models by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyers inaugural Legal Services Innovation Award. Thompson Hine has distinguished itself in all areas of Service Delivery Innovation in the BTI Brand Elite, where it has been recognized as one of the top 4 firms for Value for the Dollar and Commitment to Help and among the top 5 firms making changes to improve the client experience. The firms commitment to innovation is embodied in Thompson Hine SmartPaTHTM a smarter way to work predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.
Answer:
|
Thompson Hine Elects 11 New Partners
|
CLEVELAND--(BUSINESS WIRE)--Thompson Hine LLP has elected 11 new partners, effective January 1, 2021. The new partners, located across five of the firms offices, represent a broad range of practice areas, including Business Litigation, Business Restructuring, Creditors Rights & Bankruptcy, Construction, Corporate Transactions & Securities, Personal & Succession Planning, Real Estate and Tax. These future leaders of our firm exhibit outstanding skill in their practice areas and embrace the innovative ideas that drive our commitment to providing enhanced value to clients. Each of them is dedicated to helping clients achieve their business goals by delivering exceptional legal services while affording clients greater efficiency, predictability, and transparency. We are proud to welcome these attorneys to our partnership, said Deborah Z. Read, Thompson Hines managing partner. The new partners are: John C. Allerding, a member of the Business Restructuring, Creditors Rights & Bankruptcy practice group in the Atlanta and Cleveland offices. He represents clients across a wide range of industries on a variety of matters, including commercial and creditors rights, bankruptcy, distressed and special asset workouts, drafting and negotiation of asset purchase agreements, preference action litigation, fraudulent transfer litigation, Uniform Commercial Code disputes, assignments for the benefit of creditors, commercial litigation, contract analysis and negotiation, corporate director and officer liability litigation, financial institution and mortgage servicer defense under various federal and state consumer protection statutes, and trust reformation and litigation. Allerding was selected to the Ohio Super Lawyers Rising Stars list in 2014 and from 2016 to 2021. He received his J.D. from the University of Michigan Law School and his B.A., summa cum laude, from Baldwin-Wallace College. Kris Brandenburg, a member of the Real Estate practice group in Cincinnati. He focuses his practice on serving local and national commercial real estate developers, owners and operators. His practice involves urban redevelopment, multifamily, mixed-use, hospitality, office and retail projects. Brandenburg was selected to the Ohio Super Lawyers Rising Stars list from 2015 to 2020. He received his J.D. from the Northern Kentucky University Chase College of Law and his B.A. from the University of Cincinnati. Jennifer N. Elleman, a member of the Corporate Transactions & Securities practice group in Dayton. She focuses her practice on drafting and negotiating commercial contracts in a wide range of industries, with a particular focus on technology license and sale agreements. Elleman represents technology providers and companies licensing information technology solutions in matters involving software licensing (both on-premise and SaaS), database and content licensing agreements, managed technology service agreements and technology outsourcing agreements. She also co-leads the firms Contract Solutions group, which provides a process-driven approach to contracting designed to help clients develop cost-effective alternatives for managing their contracts. Elleman received her J.D., with honors, from The Ohio State University Moritz College of Law and her B.A., magna cum laude, from Miami University. Craig A. Foster, a member of the Corporate Transactions & Securities practice group in Columbus. He primarily assists the firms Investment Management and Privacy & Cybersecurity practices. He helps registered investment advisers with all aspects of their operations, including formation, registration, licensing, disclosure, privacy, client contracts, employee agreements, compliance programs, responding to regulatory exams, and website and advertising review. He also advises investment company clients and has substantial experience in organizing and launching funds, drafting prospectuses and service provider agreements, advising fund boards, seeking exemptive relief, responding to inquiries from regulators and coordinating with fund service providers. In addition, Foster, who has earned the International Association of Privacy Professionals (IAPP) Certified Information Privacy Professional/United States (CIPP/US) credential, counsels clients on compliance with state, federal and international laws governing information privacy and security. He received his J.D. from Harvard Law School and his B.A., with distinction, from the University of Virginia. Sean Ganley, a member of the Corporate Transactions & Securities practice group in Cleveland. He focuses his practice on representing entrepreneurs, emerging companies, early-stage investors and venture capital firms. He advises company-side clients from formation through funding to exit and has experience in complex, venture-style corporate finance matters, mergers and acquisitions, and corporate organization and governance matters. Ganley received his J.D., magna cum laude, from Case Western Reserve University School of Law and his M.B.A. and B.A., cum laude, from John Carroll University. Jesse L. Jenike-Godshalk, a member of the Business Litigation practice group in Cincinnati. He represents clients in state and federal court, focusing his practice on complex commercial litigation, particularly intellectual property disputes involving patents, trademarks or copyrights, as well as class action defense. He was selected to the Ohio Super Lawyers Rising Stars list from 2019 to 2021. Jenike-Godshalk received his J.D., summa cum laude, from the University of Cincinnati College of Law, his M.A. from the University of Chicago and his B.A., summa cum laude, from the University of Cincinnati. Mendy Piekarski, a member of the Business Litigation practice group in New York. His experience includes federal and state court litigation and arbitration in areas of law including complex breach of contract, shareholder and securities litigation, class action defense, business torts, fraud, internal investigations, and SEC and FINRA investigations. He represents asset-based lenders and merchant cash advance companies, real estate developers, financial institutions, broker-dealers and tech companies. Piekarski received his J.D. from Boston University School of Law and his B.S. from Binghamton University. Kevin R. Tabor, a member of the Tax practice group in Cleveland. He focuses his practice on federal income tax law and Ohio tax law and advises on both transactional and tax controversy matters. As part of his transactional practice, Tabor advises clients on all aspects of corporate and partnership taxation, with particular experience in cross-border tax matters. His tax controversy practice includes representing clients before the IRS and Ohio Department of Taxation in audits, administrative appeals, litigation and criminal tax investigations. He also advises clients on renewable energy transactions, including matters related to the Section 48 energy investment tax credit, equipment leasing and the economic substance doctrine. Tabor is a certified public accountant in Ohio and was selected for inclusion in The Best Lawyers in America 2021. He received his J.D. from The Ohio State University Moritz College of Law and his M.Acc. and B.S.B.A., magna cum laude, from The Ohio State University. Bill Thrush, a member of the Construction practice group in Cleveland. His litigation experience includes representing clients at trial and in arbitrations, mediations and appeals involving a wide range of complex multimillion-dollar construction and real estate matters. His transactional practice includes preparing and negotiating construction contracts, design agreements, leases and other contract documents for construction and real estate clients. Thrush is a Professional Engineer (licensed in Oregon) and was a LEED Accredited Professional in Building Design + Construction. He was listed in The Legal 500 as a Rising Star and Recommended Attorney for Construction in 2019 and 2020. Thrush received his J.D. from Lewis & Clark Law School and his B.S. from the University of Dayton. Ashley A. Weyenberg, a member of the Personal & Succession Planning practice group in Dayton. She focuses her practice on high net worth, business-connected individuals and families across the United States and abroad. She advises on sophisticated domestic and international estate and trust planning, administration and compliance; succession and governance of closely held companies; structuring and operation of family offices and private trust companies; charitable planning; and matters involving the IRS, including obtaining advance private rulings and handling audit disputes. Weyenberg also volunteers with and supports organizations dedicated to social, racial and economic justice and equality. She received her LL.M., with distinction, from Georgetown University Law Center, her J.D., with high distinction, from the Ohio Northern University College of Law, and her B.S., magna cum laude, from Trine University. Renee Zaytsev, a member of the Business Litigation practice group in New York. She represents businesses and fiduciaries in high-stakes commercial disputes, with a focus on securities and shareholder litigation. Her experience includes representing companies and their directors and officers in defending against shareholder derivative suits and securities class actions. She also assists corporations and their boards in managing litigation risk and advises them on, among other topics, corporate governance matters and proxy contests. Zaytsev also has substantial experience representing hedge funds, private equity firms and emerging companies in complex litigation matters. She received her J.D. from Georgetown University Law Center and her B.A. from Stanford University. About Thompson Hine LLP. Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 8 offices, was ranked number 1 in the category Most innovative North American law firms: New working models by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyers inaugural Legal Services Innovation Award. Thompson Hine has distinguished itself in all areas of Service Delivery Innovation in the BTI Brand Elite, where it has been recognized as one of the top 4 firms for Value for the Dollar and Commitment to Help and among the top 5 firms making changes to improve the client experience. The firms commitment to innovation is embodied in Thompson Hine SmartPaTHTM a smarter way to work predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.
|
edtsum5153
|
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 MONICA, Calif., Oct. 14, 2020 /PRNewswire/ -- EarFun's first ANC earbuds arrive this month EarFun Air Pro - Hybrid Active Noise Cancellation True Wireless Earbuds EarFun is finally launching its first pair of TWS earbuds that feature active noise cancelling. The new earbuds are called the Air Pro and feature a sound signature designed and engineered by Edifier. They now available on Amazon and EarFun's website for $79.99. Alas, EarFun formula and ANC finally intersectEarFun's two previously released earbuds, the Free and Air true wireless, have been venerated for their quality, value, and price-defying performance. What was missing from their offering before was a pair of noise-canceling earbuds, especially one that provided the same EarFun formula that has been widely awarded across the audio industry. With the Air Pro, EarFun is now finally delivering its first attempt at reigning in unwanted outside sounds so you can enjoy your music or focus on your conference call.Proprietary QuietSmart delivers intelligent hybrid ANCAs we continue to see with each further product release, EarFun has a penchant for innovation, improving ubiquitous features offered by other brands on the market, to enhance essential aspects of their product's experience. The assumption holds true for the Air Pro. The new ANC TWS earbuds will feature EarFun's innovative and proprietary QuietSmart technology, an advanced hybrid active noise canceling system that reduces outside sound by up to a significant 38db. That's six to ten decibels higher than the majority of the earbuds in the segment at the moment. Where most earbuds are still using a regular and singular ANC approach, the Air Pro's hybrid ANC QuietSmart is an implementation that combines a Feedforward mic and Feedback mic on each earbud that continuously adjusts what you're hearing. QuietSmartuses a sophisticated algorithm that monitors and analyzes sound both inside the ear cavity and outside in your environment, allowing it to fill in missing sound frequencies. And by analyzing, we mean acoustic characteristics between the driver unit and ears are being monitored at a rate of 400 times per second. The intended result is an informed suppression of ambient noise without compromising on the resulting audio experience.EarFun and Edifier create audio magic togetherSpeaking of audio experience, EarFun and Edifier have collaborated to define the Air Pro's sound signature. Edifier has occupied a similar vein as EarFun in the audio segment, providing value-conscious audio performance with little to no compromises, making this collaboration a harmonious outing. Edifier has designed and engineered the Air Pro's drivers, promising a premium audio performance similar to the fidelity experienced from their catalog. Featuring 10mm Composite Dynamic Drivers, the sound profile promotes mature vocal clarity while intensifying bass presence, creating an expansive, articulate sound that feels whole.Chances are you will have to pause or mute your music to interact with a person in your environment or something that requires your complete auditory attention. To accommodate this need, the Air Pro features a Transparency Mode that turns off ANC to allow you to hear your immediate surroundings, immediately, using the Intuitive Touch Controls on either earbud. Better yet, if you decide to take out your earbud in such a case, the Infrared In-Ear Detection Technology will automatically sense the displacement of either earbud and pause the music for you.6-Microphone Call Technology, IPX5, and features galoreThe other side of the noise cancellation abilities found on the Air Pro is its 6-Microphone Call Technology driven by a customized noise cancellation algorithm. EarFun has placed great emphasis on call quality, which has even more value at this time as many people remain safely in the confines of their homes. But regardless of the environment, the microphone technology on these true wireless ANC earbuds are supposed to deliver calls with crystal clarity inside bustling coffee shops, busy gyms, or when you're flying. And if working out at the gym, IPX5 sweat and water resistance protects the Air Pro from the elements and your sweat.Using Bluetooth 5.0, the Air Pro maintains a stable and secure connection up to 33 ft., obstacles notwithstanding. But what is all the tech worth if the battery can't keep up? The Air Pro delivers 9 hours of use with an additional 23 hours via multiple charges using the USB-C Quick Charge case, totaling for a hefty 32 hours of runtime.Pricing and availability EarFun Air Pronow available for sale at myearfun.com and Amazon, MSRP $79.99.About EarFunEarFun was established in 2018 by a collective of experienced industrial designers, acoustic engineers, and music enthusiasts who share the common goal of creating next-generation wireless audio devices. The EarFun team is driven by a passion for music and a commitment to delivering solutions that use the latest technologies to improve the audio experience. With two CES Innovation Awards honorees and an iF Design Award in 2020, EarFun is the most awarded new audio brand.About EdifierSince 1996, we have been guided by the principle "a passion for sound," Edifier delivers outstanding audio experiences through a wide range of speakers and sound systems for personal entertainment and professional excellence, and has emerged as a world-class designer and manufacturer of award-winning sound systems.Media Contact:EarFun. IncContact Name: HelenTel: +1(323) 471-5868Email Address: [emailprotected]Website: https://www.myearfun.com SOURCE EarFun, Inc Related Links https://www.myearfun.com
Answer:
|
EarFun teams up with Edifier to create the Air Pro, the brand's first noise-cancelling earbuds
|
SANTA MONICA, Calif., Oct. 14, 2020 /PRNewswire/ -- EarFun's first ANC earbuds arrive this month EarFun Air Pro - Hybrid Active Noise Cancellation True Wireless Earbuds EarFun is finally launching its first pair of TWS earbuds that feature active noise cancelling. The new earbuds are called the Air Pro and feature a sound signature designed and engineered by Edifier. They now available on Amazon and EarFun's website for $79.99. Alas, EarFun formula and ANC finally intersectEarFun's two previously released earbuds, the Free and Air true wireless, have been venerated for their quality, value, and price-defying performance. What was missing from their offering before was a pair of noise-canceling earbuds, especially one that provided the same EarFun formula that has been widely awarded across the audio industry. With the Air Pro, EarFun is now finally delivering its first attempt at reigning in unwanted outside sounds so you can enjoy your music or focus on your conference call.Proprietary QuietSmart delivers intelligent hybrid ANCAs we continue to see with each further product release, EarFun has a penchant for innovation, improving ubiquitous features offered by other brands on the market, to enhance essential aspects of their product's experience. The assumption holds true for the Air Pro. The new ANC TWS earbuds will feature EarFun's innovative and proprietary QuietSmart technology, an advanced hybrid active noise canceling system that reduces outside sound by up to a significant 38db. That's six to ten decibels higher than the majority of the earbuds in the segment at the moment. Where most earbuds are still using a regular and singular ANC approach, the Air Pro's hybrid ANC QuietSmart is an implementation that combines a Feedforward mic and Feedback mic on each earbud that continuously adjusts what you're hearing. QuietSmartuses a sophisticated algorithm that monitors and analyzes sound both inside the ear cavity and outside in your environment, allowing it to fill in missing sound frequencies. And by analyzing, we mean acoustic characteristics between the driver unit and ears are being monitored at a rate of 400 times per second. The intended result is an informed suppression of ambient noise without compromising on the resulting audio experience.EarFun and Edifier create audio magic togetherSpeaking of audio experience, EarFun and Edifier have collaborated to define the Air Pro's sound signature. Edifier has occupied a similar vein as EarFun in the audio segment, providing value-conscious audio performance with little to no compromises, making this collaboration a harmonious outing. Edifier has designed and engineered the Air Pro's drivers, promising a premium audio performance similar to the fidelity experienced from their catalog. Featuring 10mm Composite Dynamic Drivers, the sound profile promotes mature vocal clarity while intensifying bass presence, creating an expansive, articulate sound that feels whole.Chances are you will have to pause or mute your music to interact with a person in your environment or something that requires your complete auditory attention. To accommodate this need, the Air Pro features a Transparency Mode that turns off ANC to allow you to hear your immediate surroundings, immediately, using the Intuitive Touch Controls on either earbud. Better yet, if you decide to take out your earbud in such a case, the Infrared In-Ear Detection Technology will automatically sense the displacement of either earbud and pause the music for you.6-Microphone Call Technology, IPX5, and features galoreThe other side of the noise cancellation abilities found on the Air Pro is its 6-Microphone Call Technology driven by a customized noise cancellation algorithm. EarFun has placed great emphasis on call quality, which has even more value at this time as many people remain safely in the confines of their homes. But regardless of the environment, the microphone technology on these true wireless ANC earbuds are supposed to deliver calls with crystal clarity inside bustling coffee shops, busy gyms, or when you're flying. And if working out at the gym, IPX5 sweat and water resistance protects the Air Pro from the elements and your sweat.Using Bluetooth 5.0, the Air Pro maintains a stable and secure connection up to 33 ft., obstacles notwithstanding. But what is all the tech worth if the battery can't keep up? The Air Pro delivers 9 hours of use with an additional 23 hours via multiple charges using the USB-C Quick Charge case, totaling for a hefty 32 hours of runtime.Pricing and availability EarFun Air Pronow available for sale at myearfun.com and Amazon, MSRP $79.99.About EarFunEarFun was established in 2018 by a collective of experienced industrial designers, acoustic engineers, and music enthusiasts who share the common goal of creating next-generation wireless audio devices. The EarFun team is driven by a passion for music and a commitment to delivering solutions that use the latest technologies to improve the audio experience. With two CES Innovation Awards honorees and an iF Design Award in 2020, EarFun is the most awarded new audio brand.About EdifierSince 1996, we have been guided by the principle "a passion for sound," Edifier delivers outstanding audio experiences through a wide range of speakers and sound systems for personal entertainment and professional excellence, and has emerged as a world-class designer and manufacturer of award-winning sound systems.Media Contact:EarFun. IncContact Name: HelenTel: +1(323) 471-5868Email Address: [emailprotected]Website: https://www.myearfun.com SOURCE EarFun, Inc Related Links https://www.myearfun.com
|
edtsum5157
|
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: TAMPA, Fla., Aug. 6, 2020 /PRNewswire/ -- The Plasencia Group is pleased to announce the formation of the TPG Lodging Capital Nexus, created to match capable providers of capital with owners of hotels and resorts needing funds to address financial challenges brought on by the COVID-19 pandemic. TPG Lodging Capital Nexus has been designed to quickly connect firms, family offices and high-net-worth individualsseeking to invest in the lodging industry with hotel owners who need capital to support property operations, face maturing loans, desire to pay down their existing debt, or prefer to exit their holdings altogether. Lou Plasencia, Chief Executive Officer of The Plasencia Group commented, "For the past several months, we have continued to receive calls from long-standing investor relationships and new investors in the industry alike looking to place capital in the lodging sector. These are not predator investors; instead these are capital providers with long-term investment horizons seeking hospitality assets that have a strong pre-COVID performance record." Plasencia added, "Lodging Capital Nexus, as an exchange for lodging-focused capital, is the fastest and most direct route to match sources and uses of funds." The Lodging Capital Nexus team of seasoned professionals will use the relationships they have built over decades with hotel owners and investors to craft the most suitable capital structures in today's investment environment. Capital sources seeking to provide runway capital to owners in need can quickly register their preferred investment parameters at The Plasencia Group's website: www.tpghotels.com/nexus. The Plasencia Group is a full-service lodging investment advisory firm offering transaction services, capital markets, asset management and development management services to its clients throughout North America. The firm has completed more than five hundred engagements since it was founded in 1993 by Chief Executive Officer Lou Plasencia. For more information, visit www.tpghotels.com. SOURCE The Plasencia Group Related Links https://tpghotels.com/
Answer:
|
TPG Lodging Capital Nexus Launches to Match Investors with Immediate Hotel Investment Opportunities
|
TAMPA, Fla., Aug. 6, 2020 /PRNewswire/ -- The Plasencia Group is pleased to announce the formation of the TPG Lodging Capital Nexus, created to match capable providers of capital with owners of hotels and resorts needing funds to address financial challenges brought on by the COVID-19 pandemic. TPG Lodging Capital Nexus has been designed to quickly connect firms, family offices and high-net-worth individualsseeking to invest in the lodging industry with hotel owners who need capital to support property operations, face maturing loans, desire to pay down their existing debt, or prefer to exit their holdings altogether. Lou Plasencia, Chief Executive Officer of The Plasencia Group commented, "For the past several months, we have continued to receive calls from long-standing investor relationships and new investors in the industry alike looking to place capital in the lodging sector. These are not predator investors; instead these are capital providers with long-term investment horizons seeking hospitality assets that have a strong pre-COVID performance record." Plasencia added, "Lodging Capital Nexus, as an exchange for lodging-focused capital, is the fastest and most direct route to match sources and uses of funds." The Lodging Capital Nexus team of seasoned professionals will use the relationships they have built over decades with hotel owners and investors to craft the most suitable capital structures in today's investment environment. Capital sources seeking to provide runway capital to owners in need can quickly register their preferred investment parameters at The Plasencia Group's website: www.tpghotels.com/nexus. The Plasencia Group is a full-service lodging investment advisory firm offering transaction services, capital markets, asset management and development management services to its clients throughout North America. The firm has completed more than five hundred engagements since it was founded in 1993 by Chief Executive Officer Lou Plasencia. For more information, visit www.tpghotels.com. SOURCE The Plasencia Group Related Links https://tpghotels.com/
|
edtsum5160
|
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: KYOTO, Japan, March 5, 2021 /PRNewswire/ --The Japanese Culinary Academy Certification Association (436 Sasaya-cho, Oike-sagaru, Higashinotoin-dori, Nakagyo-ku, Kyoto City, Representative Director: Yoshihiro Murata) is pleased to announce the launch of the English version of the "Japanese Culinary Academy Certification: Fundamental Certification" website for overseas chefs. Continue Reading "The Japanese Culinary Academy's Complete Japanese Cuisine" series. The certification exam for basic knowledge of Japanese cuisine, which is attracting attention outside of Japan, can now be taken in English using a smartphone or tablet, even from outside of Japan. Those who pass the exam can obtain an electronic certificate by registering for the exam. Easily accessible by smartphone or tabletThe certification exam is an English version of the Japanese Culinary Academy Certification (Fundamental Certification) that was launched in 2019, with the same content as the Japanese version, and it can be taken from any place in the world with an internet connection. No test feeTo allow examinees to take the test as many times as they want while studying, there is no test fee. Those who pass the exam can obtain an electronic certificate by registering for the exam.* The registration fee is 3,000 yen (until the end of June 2021, a special price of 1,000 yen is being offered to commemorate the launch of the Fundamental Certification English version), plus consumption tax.Textbook"The Japanese Culinary Academy's Complete Japanese Cuisine: Introduction to Japanese Cuisine" is the textbook for this certification.You can find the textbook at URL below:https://www.amazon.com/Introduction-Japanese-Cuisine-Culinary-Academys/dp/4908325006/ref=pd_rhf_dp_p_img_1?_encoding=UTF8&psc=1&refRID=NSTZ3914T7GF0X41JVXJOverview of the Japanese Culinary Academy CertificationThe Japanese Culinary Academy Certification assesses test takers' knowledge and skills in Japanese culinary techniques, and certifies those who pass as having acquired "Japanese culinary techniques". It is designed to evaluate acquisition of what professional chefs need to know, from basic knowledge of background information such as history, culture, and the geographical and climate-related characteristics of ingredients, to specialized knowledge and techniques such as how to grate, bake, and boil fish.The certification is divided into two categories: the "Fundamental Certification" and the "Practical Certification" for advanced learners.The Fundamental Certification covers basic knowledge, concepts, and culture, while the Practical Certification will cover specialized knowledge such as "dashi" and "fermented seasoning" as well as practical skills such as cutting techniques.The Practical Certification will be offered for a fee.The "Complete Japanese Cuisine" series is available at Amazon Japan, Amazon.com, and other retailers. If you have difficulty obtaining a copy, please contact the office of The Japanese Culinary Academy Certification Association.Contact for inquiries regarding this press releaseFor inquiries about this press release, please contact:Japanese Culinary Academy Certification AssociationTel: +81-90-1464-9035 (Contact: Tsukiji) Email: [emailprotected]Related FilesThe Japanese Culinary Academy Certification Association_Pressrelease 20210305.pdfRelated Imagesthe-japanese-culinary-academys.png The Japanese Culinary Academy's Complete Japanese Cuisine "The Japanese Culinary Academy's Complete Japanese Cuisine" series. Related Linkshttps://nihonryori-a-kentei.or.jp/enSOURCE The Japanese Culinary Academy Certification Association
Answer:
|
Japanese Culinary Expertise Certification is Now Available Worldwide Announcing the launch of the English version of the "Japanese Culinary Academy Certification", a test that can be taken for free by smartphone
|
KYOTO, Japan, March 5, 2021 /PRNewswire/ --The Japanese Culinary Academy Certification Association (436 Sasaya-cho, Oike-sagaru, Higashinotoin-dori, Nakagyo-ku, Kyoto City, Representative Director: Yoshihiro Murata) is pleased to announce the launch of the English version of the "Japanese Culinary Academy Certification: Fundamental Certification" website for overseas chefs. Continue Reading "The Japanese Culinary Academy's Complete Japanese Cuisine" series. The certification exam for basic knowledge of Japanese cuisine, which is attracting attention outside of Japan, can now be taken in English using a smartphone or tablet, even from outside of Japan. Those who pass the exam can obtain an electronic certificate by registering for the exam. Easily accessible by smartphone or tabletThe certification exam is an English version of the Japanese Culinary Academy Certification (Fundamental Certification) that was launched in 2019, with the same content as the Japanese version, and it can be taken from any place in the world with an internet connection. No test feeTo allow examinees to take the test as many times as they want while studying, there is no test fee. Those who pass the exam can obtain an electronic certificate by registering for the exam.* The registration fee is 3,000 yen (until the end of June 2021, a special price of 1,000 yen is being offered to commemorate the launch of the Fundamental Certification English version), plus consumption tax.Textbook"The Japanese Culinary Academy's Complete Japanese Cuisine: Introduction to Japanese Cuisine" is the textbook for this certification.You can find the textbook at URL below:https://www.amazon.com/Introduction-Japanese-Cuisine-Culinary-Academys/dp/4908325006/ref=pd_rhf_dp_p_img_1?_encoding=UTF8&psc=1&refRID=NSTZ3914T7GF0X41JVXJOverview of the Japanese Culinary Academy CertificationThe Japanese Culinary Academy Certification assesses test takers' knowledge and skills in Japanese culinary techniques, and certifies those who pass as having acquired "Japanese culinary techniques". It is designed to evaluate acquisition of what professional chefs need to know, from basic knowledge of background information such as history, culture, and the geographical and climate-related characteristics of ingredients, to specialized knowledge and techniques such as how to grate, bake, and boil fish.The certification is divided into two categories: the "Fundamental Certification" and the "Practical Certification" for advanced learners.The Fundamental Certification covers basic knowledge, concepts, and culture, while the Practical Certification will cover specialized knowledge such as "dashi" and "fermented seasoning" as well as practical skills such as cutting techniques.The Practical Certification will be offered for a fee.The "Complete Japanese Cuisine" series is available at Amazon Japan, Amazon.com, and other retailers. If you have difficulty obtaining a copy, please contact the office of The Japanese Culinary Academy Certification Association.Contact for inquiries regarding this press releaseFor inquiries about this press release, please contact:Japanese Culinary Academy Certification AssociationTel: +81-90-1464-9035 (Contact: Tsukiji) Email: [emailprotected]Related FilesThe Japanese Culinary Academy Certification Association_Pressrelease 20210305.pdfRelated Imagesthe-japanese-culinary-academys.png The Japanese Culinary Academy's Complete Japanese Cuisine "The Japanese Culinary Academy's Complete Japanese Cuisine" series. Related Linkshttps://nihonryori-a-kentei.or.jp/enSOURCE The Japanese Culinary Academy Certification Association
|
edtsum5162
|
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--(BUSINESS WIRE)--Sports reporter and ESPN media personality Israel Gutierrez is a featured guest this week on the Impact Podcast with John Shegerian. The show is hosted by Shegerian, Co-Founder and Executive Chairman of ERI, the nations leading fully integrated IT and electronics asset disposition provider and cybersecurity-focused hardware destruction company. Having previously worked for the Miami Herald as a sports reporter, Gutierrez has worked full time for ESPN since 2012, as an NBA columnist for ESPN.com, a regular panelist and commentator on shows such as Around the Horn, Highly Questionable, The Sports Reporters, The Jump, Outside the Lines, Izzy and Spain and several others. He has worked NBA sidelines since 2013, for both ESPN and ABC. Gutierrez has served as an inspiration for many since coming out as gay to the general public in 2015. It was great to have Israel on the show to share his story, said Shegerian. As the child of Dominican immigrants and as a man in the sports world bravely open about his sexuality, he has blazed a trail and serves as a powerful inspiration for many young people with dreams of becoming sports journalists. Every week, Impact Podcast guests are invited as thought leaders to share with listeners first-hand accounts of how they are able to make the world a better place on a daily basis. Recent guests have included leaders from Verizon, Best Buy, General Motors, JetBlue, Comerica Bank, Virgin, New York City, Beyond Meat, Nikola Motor, Waste Management and a number of fascinating thought leaders and game-changers, including Martin Luther King III; real estate powerhouse, author and television personality Ryan Serhant; writer/comedian/author Jeannie Gaffigan; softball legend and ESPN baseball anchor Jessica Mendoza; Good Day LAs Maria Quiban; PTSD treatment pioneer and founder of MAPS, Dr. Rick Doblin; ESPN radio host and personality Sarah Spain; ultra-endurance athlete and author Rich Roll; sports journalism trailblazer Shelley Smith; Yolanda King, the only grandchild of Martin Luther King; legendary actor Ed Asner; trailblazing civil rights attorney Lisa Bloom; Super Bowl champion Ryan Harris; MLB outfielder and Players for the Planet founder Chris Dickerson; humanitarian filmmaker Mallory Brown, and hundreds more. The Impact Podcast with John Shegerian is available for listening on ImpactPodcast.com, Apples iTunes, Amazon Music, Google Podcasts, Audible, libsyn, and as part of iHeartRadios digital broadcast, reaching over 120 million users. For more information, visit ImpactPodcast.com
Answer:
|
Sports Broadcasting Trailblazer and ESPN Reporter Israel Gutierrez Featured on Impact Podcast
|
LOS ANGELES--(BUSINESS WIRE)--Sports reporter and ESPN media personality Israel Gutierrez is a featured guest this week on the Impact Podcast with John Shegerian. The show is hosted by Shegerian, Co-Founder and Executive Chairman of ERI, the nations leading fully integrated IT and electronics asset disposition provider and cybersecurity-focused hardware destruction company. Having previously worked for the Miami Herald as a sports reporter, Gutierrez has worked full time for ESPN since 2012, as an NBA columnist for ESPN.com, a regular panelist and commentator on shows such as Around the Horn, Highly Questionable, The Sports Reporters, The Jump, Outside the Lines, Izzy and Spain and several others. He has worked NBA sidelines since 2013, for both ESPN and ABC. Gutierrez has served as an inspiration for many since coming out as gay to the general public in 2015. It was great to have Israel on the show to share his story, said Shegerian. As the child of Dominican immigrants and as a man in the sports world bravely open about his sexuality, he has blazed a trail and serves as a powerful inspiration for many young people with dreams of becoming sports journalists. Every week, Impact Podcast guests are invited as thought leaders to share with listeners first-hand accounts of how they are able to make the world a better place on a daily basis. Recent guests have included leaders from Verizon, Best Buy, General Motors, JetBlue, Comerica Bank, Virgin, New York City, Beyond Meat, Nikola Motor, Waste Management and a number of fascinating thought leaders and game-changers, including Martin Luther King III; real estate powerhouse, author and television personality Ryan Serhant; writer/comedian/author Jeannie Gaffigan; softball legend and ESPN baseball anchor Jessica Mendoza; Good Day LAs Maria Quiban; PTSD treatment pioneer and founder of MAPS, Dr. Rick Doblin; ESPN radio host and personality Sarah Spain; ultra-endurance athlete and author Rich Roll; sports journalism trailblazer Shelley Smith; Yolanda King, the only grandchild of Martin Luther King; legendary actor Ed Asner; trailblazing civil rights attorney Lisa Bloom; Super Bowl champion Ryan Harris; MLB outfielder and Players for the Planet founder Chris Dickerson; humanitarian filmmaker Mallory Brown, and hundreds more. The Impact Podcast with John Shegerian is available for listening on ImpactPodcast.com, Apples iTunes, Amazon Music, Google Podcasts, Audible, libsyn, and as part of iHeartRadios digital broadcast, reaching over 120 million users. For more information, visit ImpactPodcast.com
|
edtsum5167
|
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: SOUTH ORANGE, N.J., Dec. 16, 2020 /PRNewswire/ -- The new OBHealthy Weight Loss App promotes self-care for adults diagnosed with diabetes. It informs those who need to do better at preparing nutritional meals for breakfast, lunch, and dinner. Such self-care facilitates the diabetic struggle to minimize eating sweets, refined carbohydrates, starchy and fatty foods. Continue Reading A blood sugar level test is an important self-care routine for a person with diabetes. A beneficial aid, the App offers assistance to those with diabetes and underlying conditions like obesity and high blood pressure. Even though the conditions are preventable, people in the U.S. still possess additional risk factors. There also exist a disproportionate number of African Americans who have diabetes, and it leads to potential complications when untreated. Dr. Omar Bey, OBHealthy Founder & CEO, sees the bodily damage of diabetes up close. Patients may have complications with eyesight, damage to organs, loss of limbs, or hard to heal wounds. Fortunately, not all cases are severe. The diabetic person who conducts self-care by testing blood sugar level to keep it within target range, along with healthy eating, exercise, and use of the OBHealthy App can possibly avoid these complications. "We know the App strengthens a person's initiative and confidence to spend more time caring for oneself," said Dr. Bey. "That's extremely important because statistics show people with diabetes are more likely to get Covid-19. In addition, we are noticing an associated increase in morbidity and mortality for people of African descent."A nutritional resource, the App doubles efforts to maintain self-care, it helps to reduce unwanted fat and keep weight under control. Once personal data is entered, it displays culture specific meal plans, shopping lists, and the e-book, "Eat One/Half, Make Weight Loss Easy" which is an excellent source of support.Simply put, the App reveals the goodness of eating fresh fruits, vegetables, lean proteins and whole grains, especially foods low in fat and calories, but high in nutritional value and fiber. Exercise videos also draw attention to taking time to walk or stretch. Plus, there is a library of 100+ physician video interviews, information that covers a wide range of health topics.About OBHealthy Weight LossOmar Bey MD, Founder & CEO, created OBHealthy Weight Loss to provide an easy-to-follow, durable plan for people to decrease weight. A trusted, flexible self-care approach, it helps with eliminating unwanted pounds, particularly in cases where extra weight contributes to a condition or medical issue such as diabetes, hypertension, or heart disease.www.obhealthy.comReporters and journalists interested in additional information, email [emailprotected]with your request.Contact: Teri Major862-240-9016[emailprotected]SOURCE OBHealthy Related Links http://www.obhealthy.com
Answer:
|
OBHealthy Weight Loss App Introduces Self-Care for Diabetes
|
SOUTH ORANGE, N.J., Dec. 16, 2020 /PRNewswire/ -- The new OBHealthy Weight Loss App promotes self-care for adults diagnosed with diabetes. It informs those who need to do better at preparing nutritional meals for breakfast, lunch, and dinner. Such self-care facilitates the diabetic struggle to minimize eating sweets, refined carbohydrates, starchy and fatty foods. Continue Reading A blood sugar level test is an important self-care routine for a person with diabetes. A beneficial aid, the App offers assistance to those with diabetes and underlying conditions like obesity and high blood pressure. Even though the conditions are preventable, people in the U.S. still possess additional risk factors. There also exist a disproportionate number of African Americans who have diabetes, and it leads to potential complications when untreated. Dr. Omar Bey, OBHealthy Founder & CEO, sees the bodily damage of diabetes up close. Patients may have complications with eyesight, damage to organs, loss of limbs, or hard to heal wounds. Fortunately, not all cases are severe. The diabetic person who conducts self-care by testing blood sugar level to keep it within target range, along with healthy eating, exercise, and use of the OBHealthy App can possibly avoid these complications. "We know the App strengthens a person's initiative and confidence to spend more time caring for oneself," said Dr. Bey. "That's extremely important because statistics show people with diabetes are more likely to get Covid-19. In addition, we are noticing an associated increase in morbidity and mortality for people of African descent."A nutritional resource, the App doubles efforts to maintain self-care, it helps to reduce unwanted fat and keep weight under control. Once personal data is entered, it displays culture specific meal plans, shopping lists, and the e-book, "Eat One/Half, Make Weight Loss Easy" which is an excellent source of support.Simply put, the App reveals the goodness of eating fresh fruits, vegetables, lean proteins and whole grains, especially foods low in fat and calories, but high in nutritional value and fiber. Exercise videos also draw attention to taking time to walk or stretch. Plus, there is a library of 100+ physician video interviews, information that covers a wide range of health topics.About OBHealthy Weight LossOmar Bey MD, Founder & CEO, created OBHealthy Weight Loss to provide an easy-to-follow, durable plan for people to decrease weight. A trusted, flexible self-care approach, it helps with eliminating unwanted pounds, particularly in cases where extra weight contributes to a condition or medical issue such as diabetes, hypertension, or heart disease.www.obhealthy.comReporters and journalists interested in additional information, email [emailprotected]with your request.Contact: Teri Major862-240-9016[emailprotected]SOURCE OBHealthy Related Links http://www.obhealthy.com
|
edtsum5171
|
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: SALT LAKE CITY--(BUSINESS WIRE)--The date for the Fourth Quarter 2021 conference call should be January 24, 2022. The updated release reads: ZIONS BANCORPORATION ANNOUNCES FISCAL 2021 EARNINGS RELEASE DATES Zions Bancorporation (NASDAQ: ZION) announced its expected earnings release dates for the fiscal first, second, third and fourth quarters of 2021. Zions expects to report its financial results on the following dates and times: For the fiscal period Earnings Release Conference Call Date and Time First Quarter 2021 April 19, 2021, at 5:30 p.m. ET (3:30 p.m. MT) Second Quarter 2021 July 19, 2021, at 5:30 p.m. ET (3:30 p.m. MT) Third Quarter 2021 October 18, 2021, at 5:30 p.m. ET (3:30 p.m. MT) Fourth Quarter 2021 January 24, 2022, at 5:30 p.m. ET (3:30 p.m. MT) Forward-looking and other material information may be discussed on these conference calls. Media representatives, analysts and the public are invited to listen to the conference call. Approximately three weeks prior to the calls, information on how to access these calls can be found on the company's website at zionsbancorporation.com. The webcast will be archived and available for 30 days after the call is completed. Zions Bancorporation, N.A. is one of the nation's premier financial services companies with annual net revenue of $2.8 billion in 2019 and more than $75 billion of total assets. Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The Bank is a consistent recipient of national and state-wide customer survey awards in small and middle-market banking, as well as a leader in public finance advisory services and Small Business Administration lending, recently ranking as the 9th largest provider in the U.S. of the SBAs Paycheck Protection Program loans. In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices. Investor information and links to local banking brands can be accessed at zionsbancorporation.com.
Answer:
|
CORRECTING and REPLACING Zions Bancorporation Announces Fiscal 2021 Earnings Release Dates
|
SALT LAKE CITY--(BUSINESS WIRE)--The date for the Fourth Quarter 2021 conference call should be January 24, 2022. The updated release reads: ZIONS BANCORPORATION ANNOUNCES FISCAL 2021 EARNINGS RELEASE DATES Zions Bancorporation (NASDAQ: ZION) announced its expected earnings release dates for the fiscal first, second, third and fourth quarters of 2021. Zions expects to report its financial results on the following dates and times: For the fiscal period Earnings Release Conference Call Date and Time First Quarter 2021 April 19, 2021, at 5:30 p.m. ET (3:30 p.m. MT) Second Quarter 2021 July 19, 2021, at 5:30 p.m. ET (3:30 p.m. MT) Third Quarter 2021 October 18, 2021, at 5:30 p.m. ET (3:30 p.m. MT) Fourth Quarter 2021 January 24, 2022, at 5:30 p.m. ET (3:30 p.m. MT) Forward-looking and other material information may be discussed on these conference calls. Media representatives, analysts and the public are invited to listen to the conference call. Approximately three weeks prior to the calls, information on how to access these calls can be found on the company's website at zionsbancorporation.com. The webcast will be archived and available for 30 days after the call is completed. Zions Bancorporation, N.A. is one of the nation's premier financial services companies with annual net revenue of $2.8 billion in 2019 and more than $75 billion of total assets. Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The Bank is a consistent recipient of national and state-wide customer survey awards in small and middle-market banking, as well as a leader in public finance advisory services and Small Business Administration lending, recently ranking as the 9th largest provider in the U.S. of the SBAs Paycheck Protection Program loans. In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices. Investor information and links to local banking brands can be accessed at zionsbancorporation.com.
|
edtsum5188
|
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: SEWELL, N.J., March 27, 2020 /PRNewswire/ -- Dear Fellow Shareholder: Due to the emerging public health impact of the coronavirus outbreak (COVID-19) and to support the health and well-being of our shareholders, employees, and our community please note that the location of the Annual Meeting of Shareholders of Park Bancorp, Inc. has been changed and will be held over the internet in a virtual meeting format only. You will not be able to attend the Annual Meeting in person. If you were a shareholder of record at the close of business on the record date of March 11, 2020 you are eligible to vote at the meeting. The virtual meeting will be hosted at https://www.meetingcenter.io/208881548. The password for the meeting is PKBK2020 To login to and attend the meeting you have two options: join as a "Shareholder" or join as a "Guest." Joining as a "Shareholder" will enable you to vote your shares at the meeting and ask questions. To join as a "Shareholder" you will be required to have some additional information. If you hold your shares through a broker, bank or other intermediary, and want to join the meeting as a "Shareholder" you must register in advance by 5:00 p.m. Eastern Standard Time on April 16, 2020. To do this, you must request a legal proxy, a legal proxy can be obtained by logging into the voting site listed on your Voter Instruction Form and clicking on "Vote in person at the meeting" or requesting one through your broker. Once received, you must send an email to [emailprotected] and include an image of a legal proxy in your name from the broker, bank or other nominee that holds your shares and your address. By completing this process, you will receive an annual meeting control number from our Virtual Meeting provider. If you hold shares through our transfer agent, Computershare, you do not need to preregister. The annual meeting control number will be listed in the gray bar on your proxy card or notice you previously received or in the email you received with your voting instructions. Please note that the proxy card included with the proxy materials previously distributed will not be updated to reflect the change in location and may continue to be used to vote your shares in connection with the Annual Meeting. On behalf of your Board of Directors, thank you for your cooperation and continued support. Sincerely, Vito S. Pantilione President and CEO SOURCE Parke Bancorp, Inc.
Answer:
|
Parke Bancorp, Inc. Notice of Change of Location of Annual Meeting of Shareholders to be Held on April 21, 2020
|
SEWELL, N.J., March 27, 2020 /PRNewswire/ -- Dear Fellow Shareholder: Due to the emerging public health impact of the coronavirus outbreak (COVID-19) and to support the health and well-being of our shareholders, employees, and our community please note that the location of the Annual Meeting of Shareholders of Park Bancorp, Inc. has been changed and will be held over the internet in a virtual meeting format only. You will not be able to attend the Annual Meeting in person. If you were a shareholder of record at the close of business on the record date of March 11, 2020 you are eligible to vote at the meeting. The virtual meeting will be hosted at https://www.meetingcenter.io/208881548. The password for the meeting is PKBK2020 To login to and attend the meeting you have two options: join as a "Shareholder" or join as a "Guest." Joining as a "Shareholder" will enable you to vote your shares at the meeting and ask questions. To join as a "Shareholder" you will be required to have some additional information. If you hold your shares through a broker, bank or other intermediary, and want to join the meeting as a "Shareholder" you must register in advance by 5:00 p.m. Eastern Standard Time on April 16, 2020. To do this, you must request a legal proxy, a legal proxy can be obtained by logging into the voting site listed on your Voter Instruction Form and clicking on "Vote in person at the meeting" or requesting one through your broker. Once received, you must send an email to [emailprotected] and include an image of a legal proxy in your name from the broker, bank or other nominee that holds your shares and your address. By completing this process, you will receive an annual meeting control number from our Virtual Meeting provider. If you hold shares through our transfer agent, Computershare, you do not need to preregister. The annual meeting control number will be listed in the gray bar on your proxy card or notice you previously received or in the email you received with your voting instructions. Please note that the proxy card included with the proxy materials previously distributed will not be updated to reflect the change in location and may continue to be used to vote your shares in connection with the Annual Meeting. On behalf of your Board of Directors, thank you for your cooperation and continued support. Sincerely, Vito S. Pantilione President and CEO SOURCE Parke Bancorp, Inc.
|
edtsum5189
|
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: Users can now use HedgeTrade market forecasts to make profitable trades on Bittrex Global exchange.VADUZ, Lichtenstein and SINGAPORE, June 3, 2020 /PRNewswire/ - We're pleased to announce that Bittrex Global is partnering with crypto prediction social marketplace HedgeTrade to make it easier to share crypto market forecasts and successfully trade, regardless of experience. HedgeTrade users can stake HEDG tokens to create trading predictions (Blueprints) based on Bittrex Global order books and earn for successful predictions. Those trading predictions can also be leveraged by others to better inform new trades on Bittrex Global. Bittrex and HedgeTrade (CNW Group/HedgeTrade) In celebration of this partnership, HedgeTrade is giving away up to $5,000 worth of HEDG tokens to any Bittrex Global user (up to $5 million USD total) who completes the following: Sign up on HedgeTrade using the following link: Sign Up Purchase HEDG tokens on Bittrex Global. Deposit HEDG tokens to your HedgeTrade account directly from your Bittrex Global account within 7 days. Giveaway: Within 14 days, HedgeTrade will deposit a 20% bonus of HEDG tokens into your account ($5,000 USD equivalent in HEDG tokens maximum per user). What is HedgeTrade?The HedgeTrade platform brings together expert traders and novices in a win-win social trading ecosystem. Experienced traders can earn HEDG tokens by sharing successful trading predictions. Users that access these Blueprints can execute the trades on Bittrex Global to subsequently make a profit on the trade. The more accurate and successful the traders are, the more visible they will become in the predictions marketplace and the more profit they can make. How does HedgeTrade work? Traders stake HEDG tokens and create a trading Blueprint available for purchasers on the HedgeTrade platform. Purchasers can see the profit potential, staked amount, and the trader's verified track record before they purchase the prediction. Once the user has purchased or unlocked the Blueprint, they can then see the entry and exit price that the trader predicted. Prediction outcomes: Correct predictions: the trader receives back their stake and the proceeds from the purchasers. Incorrect predictions: the purchasers receive back their purchase price and the trader loses their stake, which is distributed to the initial purchasers. Traders that post accurate Blueprints can earn unlimited upside from an uncapped number of Purchasers. Purchasers only pay for the prediction when it becomes true and can execute the same trade on Bittrex Global to earn more profit on the trade itself.Bittrex Global is extremely excited to be the first exchange to partner with HedgeTrade. We think their model creates a win-win alignment between sophisticated traders and those looking for trading predictions.About HedgeTrade:Website: https://hedgetrade.com/ Twitter: https://twitter.com/hedgetradehq CoinMarketCap: https://coinmarketcap.com/currencies/hedgetrade/ Overview Video: https://www.youtube.com/watch?v=wfKQz_hM948HedgeTrade is a social trading platform that rewards those who post accurate predictions. The model creates a win-win scenario for both the amateur and the expert. Traders are rewarded by submitting accurate predictions and users can utilize the information to execute their own successful trades.HedgeTrade is brought to you by Rublix Development Pte. Ltd., a software development company that is building blockchain-powered tools to fuel the next generation of fintech projects. https://rublix.com/ About Bittrex Global:Our mission is to help advance the blockchain industry by fostering innovation, incubating new and emerging technologies, and driving transformative change. https://global.bittrex.com/SOURCE HedgeTrade
Answer:
|
Bittrex Global Partners with HedgeTrade for a $5 Million Giveaway
|
Users can now use HedgeTrade market forecasts to make profitable trades on Bittrex Global exchange.VADUZ, Lichtenstein and SINGAPORE, June 3, 2020 /PRNewswire/ - We're pleased to announce that Bittrex Global is partnering with crypto prediction social marketplace HedgeTrade to make it easier to share crypto market forecasts and successfully trade, regardless of experience. HedgeTrade users can stake HEDG tokens to create trading predictions (Blueprints) based on Bittrex Global order books and earn for successful predictions. Those trading predictions can also be leveraged by others to better inform new trades on Bittrex Global. Bittrex and HedgeTrade (CNW Group/HedgeTrade) In celebration of this partnership, HedgeTrade is giving away up to $5,000 worth of HEDG tokens to any Bittrex Global user (up to $5 million USD total) who completes the following: Sign up on HedgeTrade using the following link: Sign Up Purchase HEDG tokens on Bittrex Global. Deposit HEDG tokens to your HedgeTrade account directly from your Bittrex Global account within 7 days. Giveaway: Within 14 days, HedgeTrade will deposit a 20% bonus of HEDG tokens into your account ($5,000 USD equivalent in HEDG tokens maximum per user). What is HedgeTrade?The HedgeTrade platform brings together expert traders and novices in a win-win social trading ecosystem. Experienced traders can earn HEDG tokens by sharing successful trading predictions. Users that access these Blueprints can execute the trades on Bittrex Global to subsequently make a profit on the trade. The more accurate and successful the traders are, the more visible they will become in the predictions marketplace and the more profit they can make. How does HedgeTrade work? Traders stake HEDG tokens and create a trading Blueprint available for purchasers on the HedgeTrade platform. Purchasers can see the profit potential, staked amount, and the trader's verified track record before they purchase the prediction. Once the user has purchased or unlocked the Blueprint, they can then see the entry and exit price that the trader predicted. Prediction outcomes: Correct predictions: the trader receives back their stake and the proceeds from the purchasers. Incorrect predictions: the purchasers receive back their purchase price and the trader loses their stake, which is distributed to the initial purchasers. Traders that post accurate Blueprints can earn unlimited upside from an uncapped number of Purchasers. Purchasers only pay for the prediction when it becomes true and can execute the same trade on Bittrex Global to earn more profit on the trade itself.Bittrex Global is extremely excited to be the first exchange to partner with HedgeTrade. We think their model creates a win-win alignment between sophisticated traders and those looking for trading predictions.About HedgeTrade:Website: https://hedgetrade.com/ Twitter: https://twitter.com/hedgetradehq CoinMarketCap: https://coinmarketcap.com/currencies/hedgetrade/ Overview Video: https://www.youtube.com/watch?v=wfKQz_hM948HedgeTrade is a social trading platform that rewards those who post accurate predictions. The model creates a win-win scenario for both the amateur and the expert. Traders are rewarded by submitting accurate predictions and users can utilize the information to execute their own successful trades.HedgeTrade is brought to you by Rublix Development Pte. Ltd., a software development company that is building blockchain-powered tools to fuel the next generation of fintech projects. https://rublix.com/ About Bittrex Global:Our mission is to help advance the blockchain industry by fostering innovation, incubating new and emerging technologies, and driving transformative change. https://global.bittrex.com/SOURCE HedgeTrade
|
edtsum5190
|
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: RICHMOND, Va.--(BUSINESS WIRE)--Owens & Minor, Inc. (NYSE-OMI) today reported financial results for the first quarter of 2021, as summarized in the table below. We're pleased to deliver another quarter of excellent growth on the top and bottom line as we continue to execute on the Owens & Minor business blueprint. Our first quarter results reflect strong operational execution across the company, powered by continued strength in global products and favorable market dynamics including an uptick in elective procedures in March, said Edward A. Pesicka, President & Chief Executive Officer of Owens & Minor. We also recapitalized our debt structure, thereby improving our strategic and operational flexibility. Pesicka added, We have raised our full-year guidance range for adjusted net income to $3.75 to $4.25 per share. The increased guidance is in light of the strong first quarter performance, our favorable outlook around elective procedures, and improved line of sight toward PPE demand into the third quarter. Financial Summary* ($ in millions, except per share data) 1Q21 1Q20 Revenue $2,327 $2,123 Operating Income, GAAP** $146.7 $10.8 Adj. Operating Income, Non-GAAP** $162.7 $27.4 Income (Loss) from continuing operations, GAAP** $69.6 ($8.9) Adj. Net Income, Non-GAAP** $111.5 $2.4 Adj. EBITDA, Non-GAAP** $175.6 $40.6 Income (Loss) from continuing operations per share, GAAP** $0.98 ($0.15) Adj. Net income per share, Non-GAAP** $1.57 $0.04 * Adjusted net income and Adjusted net income per share relate to continuing operations. ** Reconciliations of the differences between the non-GAAP financial measures presented in this release and their most directly comparable GAAP financial measures are included in the tables below. ** 1Q21 Adjusted EPS favorably impacted by $0.06 of foreign currency translation compared to prior year 1st Quarter 2021 Highlights Financial Outlook The Company expects adjusted net income for 2021 to be in a range of $3.75 to $4.25 per share and Adjusted EBITDA in the range of $450 million to $500 million, based on the key assumptions below: Although the Company does provide guidance for adjusted net income per share and Adjusted EBITDA (which are non-GAAP financial measures), it is not able to forecast the most directly comparable measures calculated and presented in accordance with GAAP without unreasonable effort. Certain elements of the composition of the GAAP amounts are not predictable, making it impracticable for the Company to forecast. Such elements include, but are not limited to restructuring and acquisition charges. As a result, no GAAP guidance or reconciliation of the Companys adjusted net income per share guidance or Adjusted EBITDA guidance is provided. For the same reasons, the Company is unable to assess the probable significance of the unavailable information, which could have a potentially significant impact on its future GAAP financial results. The outlook is based on certain assumptions that are subject to the risk factors discussed in the Companys filings with the Securities and Exchange Commission (SEC). Dividend Information The Board of Directors approved a second quarter 2021 dividend payment of $0.0025 per share, payable on June 30, 2021, to shareholders of record as of June 15, 2021. Investor Day The Company will hold an Investor Day on Wednesday, May 26, 2021 from 10:00 a.m. EDT to 1:00 p.m. EDT via live webcast. The Owens & Minor leadership team will provide an in-depth review of the Companys strategy and future growth targets. Investors and analysts will have the opportunity to participate in the live Q&A session with the leadership team. Participants are advised to register in advance to access the live webcast at https://owens-minor-investorday.com/ The event will be webcast live and archived on the Companys website. For questions, please contact [email protected] Investor Conference Call for 1st Quarter Financial Results Owens & Minor executives will host a conference call at 8:00 a.m. EDT today, May 5, 2021, to discuss the results. Participants may access the call at 866-393-1604. The international dial-in number is 224-357-2191. A replay of the call will be available for one week by dialing 855-859-2056. The access code for the conference call, international dial-in and replay is 1692522. A webcast of the event will be available at www.owens-minor.com under the Investor Relations section. Safe Harbor This release is intended to be disclosure through methods reasonably designed to provide broad, non-exclusionary distribution to the public in compliance with the SEC's Fair Disclosure Regulation. This release contains certain ''forward-looking'' statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, the statements in this release regarding our expectations with respect to our 2021 financial performance and related assumptions, as well as other statements related to the impact of COVID-19 on the Companys results and operations and the Companys expectations regarding the performance of its business and improvement of operational performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results in future periods to differ materially from those projected or contemplated in the forward-looking statements. Investors should refer to Owens & Minors Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC including the sections captioned Cautionary Note Regarding Forward-Looking Statements and Item 1A. Risk Factors, and subsequent annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed with or furnished to the SEC, for a discussion of certain known risk factors that could cause the Companys actual results to differ materially from its current estimates. These filings are available at www.owens-minor.com. Given these risks and uncertainties, Owens & Minor can give no assurance that any forward-looking statements will, in fact, transpire and, therefore, cautions investors not to place undue reliance on them. Owens & Minor specifically disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. About Owens & Minor Owens & Minor, Inc. (NYSE: OMI) is a global healthcare solutions company that incorporates product manufacturing, distribution support and innovative technology services to deliver significant and sustained value across the breadth of the industry from acute care to patients in their home. Aligned to its Mission of Empowering Our Customers to Advance HealthcareTM, more than 15,000 global teammates serve over 4,000 healthcare industry customers. A vertically-integrated, predominantly Americas-based footprint enables Owens & Minor to reliably supply its self-manufactured surgical and PPE products. This seamless value chain integrates with a portfolio of products representing 1,200 branded suppliers. Operating continuously since 1882 from its headquarters in Richmond, Virginia, Owens & Minor has grown into a FORTUNE 500 company with operations located across North America, Asia, Europe and Latin America. For more information about Owens & Minor, visit owens-minor.com, follow @Owens_Minor on Twitter and connect on LinkedIn at www.linkedin.com/company/owens-&-minor. Owens & Minor, Inc. Consolidated Statements of Operations (unaudited) (dollars in thousands, except per share data) Three Months Ended March 31, 2021 2020 Net revenue $ 2,326,534 $ 2,122,693 Cost of goods sold 1,883,783 1,854,134 Gross margin 442,751 268,559 Distribution, selling and administrative expenses 292,701 254,048 Acquisition-related and exit and realignment charges 5,963 6,064 Other operating income, net (2,605) (2,309) Operating income 146,692 10,756 Interest expense, net 13,672 23,342 Loss on extinguishment of debt 40,433 4,127 Other expense, net 569 719 Income (loss) from continuing operations before income taxes 92,018 (17,432) Income tax provision (benefit) 22,429 (8,523) Income (loss) from continuing operations, net of tax 69,589 (8,909) Loss from discontinued operations, net of tax (2,415) Net income (loss) $ 69,589 $ (11,324) Income (loss) from continuing operations per common share: basic and diluted $ 0.98 $ (0.15) Loss from discontinued operations per common share: basic and diluted (0.04) Net income (loss) per common share: basic and diluted $ 0.98 $ (0.19) Owens & Minor, Inc. Condensed Consolidated Balance Sheets (unaudited) (dollars in thousands) March 31, December 31, 2021 2020 Assets Current assets Cash and cash equivalents $ 54,455 $ 83,058 Accounts receivable, net of allowances of $21,231 and $19,087 736,176 700,792 Merchandise inventories 1,322,897 1,233,751 Other current assets 93,208 118,264 Total current assets 2,206,736 2,135,865 Property and equipment, net of accumulated depreciation of $292,568 and $284,126 307,852 315,662 Operating lease assets 155,152 144,755 Goodwill 391,349 394,086 Intangible assets, net 232,009 243,351 Other assets, net 97,723 101,920 Total assets $ 3,390,821 $ 3,335,639 Liabilities and equity Current liabilities Accounts payable $ 1,021,761 $ 1,000,186 Accrued payroll and related liabilities 64,661 109,447 Other current liabilities 250,875 236,094 Total current liabilities 1,337,297 1,345,727 Long-term debt, excluding current portion 981,342 986,018 Operating lease liabilities, excluding current portion 130,565 119,932 Deferred income taxes 51,476 50,641 Other liabilities 103,880 121,267 Total liabilities 2,604,560 2,623,585 Total equity 786,261 712,054 Total liabilities and equity $ 3,390,821 $ 3,335,639 Owens & Minor, Inc. Consolidated Statements of Cash Flows (unaudited) (dollars in thousands) Three Months Ended March 31, 2021 2020 Operating activities: Net income (loss) $ 69,589 $ (11,324) Adjustments to reconcile net income (loss) to cash provided by operating activities: Depreciation and amortization 22,900 23,913 Share-based compensation expense 5,182 3,941 Impairment charges 9,080 Loss on extinguishment of debt 40,433 4,127 Provision for losses on accounts receivable 8,462 5,213 Deferred income tax (benefit) expense (5,865) 6,348 Changes in operating lease right-of-use assets and lease liabilities 448 (714) Changes in operating assets and liabilities: Accounts receivable (45,919) (7,942) Merchandise inventories (89,393) 39,340 Accounts payable 18,742 98,743 Net change in other assets and liabilities (1,666) (77,178) Other, net 2,510 (93) Cash provided by operating activities 25,423 93,454 Investing activities: Additions to property and equipment (5,048) (4,771) Additions to computer software (1,575) (942) Proceeds from sale of property and equipment 4 33 Cash used for investing activities (6,619) (5,680) Financing activities: Proceeds from issuance of debt 574,900 150,000 Repayments under revolving credit facility (96,500) (6,200) Repayments of debt (523,140) (166,798) Financing costs paid (11,700) (5,785) Cash dividends paid (181) (155) Payment for termination of interest rate swaps (15,434) Other, net (8,339) (2,468) Cash used for financing activities (80,394) (31,406) Effect of exchange rate changes on cash and cash equivalents (2,139) (62) Net (decrease) increase in cash, cash equivalents and restricted cash (63,729) 56,306 Cash, cash equivalents and restricted cash at beginning of period 134,506 84,687 Cash, cash equivalents and restricted cash at end of period (1) $ 70,777 $ 140,993 Supplemental disclosure of cash flow information: Income taxes paid, net of refunds $ 898 $ 2,695 Interest paid $ 10,255 $ 21,431 (1) Restricted cash as of March 31, 2021 represents $16.3 million held in an escrow account as required by the Centers for Medicare & Medicaid Services (CMS) in conjunction with the Bundled Payments for Care Improvement (BPCI) Advanced Program. Owens & Minor, Inc. Summary Segment Information (unaudited) (dollars in thousands) Three Months Ended March 31, 2021 2020 % of % of consolidated consolidated Amount net revenue Amount net revenue Net revenue: Segment net revenue Global Solutions $ 1,849,509 79.49 % $ 1,847,593 87.04 % Global Products 658,750 28.31 % 391,192 18.43 % Total segment net revenue 2,508,259 2,238,785 Inter-segment revenue Global Products (181,725) (7.80) % (116,092) (5.47) % Total inter-segment revenue (181,725) (116,092) Consolidated net revenue $ 2,326,534 100.00 % $ 2,122,693 100.00 % % of segment % of segment Operating income: net revenue net revenue Global Solutions $ 8,892 0.48 % $ 7,691 0.42 % Global Products 163,587 24.83 % 18,571 4.75 % Inter-segment eliminations (9,798) 1,169 Intangible amortization (10,026) (10,611) Acquisition-related and exit and realignment charges (5,963) (6,064) Consolidated operating income $ 146,692 6.31 % $ 10,756 0.51 % Depreciation and amortization: Global Solutions $ 9,839 $ 10,636 Global Products 13,061 13,277 Consolidated depreciation and amortization $ 22,900 $ 23,913 Capital expenditures: Global Solutions $ 3,000 $ 1,032 Global Products 3,623 3,017 Discontinued operations 1,664 Consolidated capital expenditures $ 6,623 $ 5,713 Owens & Minor, Inc. Net Income (Loss) per Common Share (unaudited) (dollars in thousands, except per share data) Three Months Ended March 31, 2021 2020 Weighted average shares outstanding - basic 70,834 60,571 Dilutive shares 104 Weighted average shares outstanding - diluted 70,938 60,571 Income (loss) from continuing operations $ 69,589 $ (8,909) Basic and diluted per share $ 0.98 $ (0.15) Loss from discontinued operations $ $ (2,415) Basic and diluted per share $ $ (0.04) Net income (loss) $ 69,589 $ (11,324) Basic and diluted per share $ 0.98 $ (0.19) Owens & Minor, Inc. GAAP/Non-GAAP Reconciliations (unaudited) (dollars in thousands, except per share data) The following table provides a reconciliation of reported operating income and income (loss) from continuing operations to non-GAAP measures used by management. Three Months Ended March 31, 2021 2020 Operating income, as reported (GAAP) $ 146,692 $ 10,756 Intangible amortization (1) 10,026 10,611 Acquisition-related and exit and realignment charges(2) 5,963 6,064 Operating income, adjusted (non-GAAP) (Adjusted Operating Income) $ 162,681 $ 27,431 Operating income as a percent of net revenue (GAAP) 6.31 % 0.51 % Adjusted operating income as a percent of net revenue (non-GAAP) 6.99 % 1.29 % Income (loss) from continuing operations, as reported (GAAP) $ 69,589 $ (8,909) Intangible amortization (1) 10,026 10,611 Income tax benefit (6) (2,661) (2,544) Acquisition-related and exit and realignment charges(2) 5,963 6,064 Income tax benefit (6) (1,583) (1,250) Loss on extinguishment of debt (3) 40,433 4,127 Income tax benefit (6) (10,732) (989) Other (4) 569 577 Income tax benefit (6) (151) (138) Tax adjustment (5) (5,187) Income from continuing operations, adjusted (non-GAAP) (Adjusted Net Income) $ 111,453 $ 2,362 Income (loss) from continuing operations per diluted common share, as reported (GAAP) $ 0.98 $ (0.15) Intangible amortization (1) 0.10 0.14 Acquisition-related and exit and realignment charges(2) 0.06 0.08 Loss on extinguishment of debt (3) 0.42 0.05 Other (4) 0.01 0.01 Tax adjustment (5) (0.09) Income from continuing operations per diluted common share, adjusted (non-GAAP) (Adjusted EPS) $ 1.57 $ 0.04 Owens & Minor, Inc. GAAP/Non-GAAP Reconciliations (unaudited), continued (dollars in thousands, except per share data) The following table provides a reconciliation of net income (loss) to a non-GAAP measure used by management. Three Months Ended March 31, 2021 2020 Net income (loss), as reported (GAAP) $ 69,589 $ (11,324) Loss from discontinued operations, net of tax 2,415 Income tax provision (benefit) 22,429 (8,523) Interest expense, net 13,672 23,342 Intangible amortization (1) 10,026 10,611 Other depreciation and amortization (7) 12,874 13,301 EBITDA (non-GAAP) 128,590 29,822 Acquisition-related and exit and realignment charges (2) 5,963 6,064 Loss on extinguishment of debt (3) 40,433 4,127 Other expense, net (4) 569 577 EBITDA, adjusted (non-GAAP) (Adjusted EBITDA) $ 175,555 $ 40,590 Owens & Minor, Inc. GAAP/Non-GAAP Reconciliations (unaudited), continued The following items have been excluded in our non-GAAP financial measures: (1) Intangible amortization includes amortization of intangible assets established during purchase accounting for business combinations. These amounts are highly dependent on the size and frequency of acquisitions and are being excluded to allow for a more consistent comparison with forecasted, current and historical results and the results of our peers. (2) There were no acquisition-related charges for the three months ended March 31, 2021 compared to $4.2 million for the same period of 2020, which consisted primarily of transition costs for the Halyard acquisition. Exit and realignment charges were $6.0 million for the three months ended March 31, 2021 and consisted primarily of an increase in reserves associated with certain retained assets of Fusion5, IT restructuring charges and other costs related to the reorganization of the U.S. commercial, operations and executive teams. Exit and realignment charges were $1.8 million for the three months ended March 31, 2020 and consisted primarily of IT restructuring charges and other costs related to the reorganization of the U.S. commercial, operations and executive teams. (3) Loss on extinguishment of debt for the three months ended March 31, 2021 includes the write-off of deferred financing costs and third party fees associated with the debt refinancing in March 2021 of $15.3 million and amounts reclassified from accumulated other comprehensive loss as a result of the termination of our interest rate swaps of $25.1 million. Loss on extinguishment of debt for the three months ended March 31, 2020 primarily includes the write-off of deferred financing costs and third party fees. (4) Other includes interest costs and net actuarial losses related to our retirement plans. (5) Includes a tax adjustment associated with the estimated benefits under the Tax Cuts and Jobs Act and the Coronavirus Aid, Relief, and Economic Security (CARES) Act. (6) These charges have been tax effected in the preceding table by determining the income tax rate depending on the amount of charges incurred in different tax jurisdictions and the deductibility of those charges for income tax purposes. (7) Other depreciation and amortization includes depreciation expense for property and equipment and amortization for capitalized computer software. Use of Non-GAAP Measures This earnings release contains financial measures that are not calculated in accordance with U.S. generally accepted accounting principles ("GAAP"). In general, the measures exclude items and charges that (i) management does not believe reflect Owens & Minor, Inc.'s (the "Company") core business and relate more to strategic, multi-year corporate activities; or (ii) relate to activities or actions that may have occurred over multiple or in prior periods without predictable trends. Management uses these non-GAAP financial measures internally to evaluate the Company's performance, evaluate the balance sheet, engage in financial and operational planning and determine incentive compensation. Management provides these non-GAAP financial measures to investors as supplemental metrics to assist readers in assessing the effects of items and events on its financial and operating results and in comparing the Company's performance to that of its competitors. However, the non-GAAP financial measures used by the Company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. The non-GAAP financial measures disclosed by the Company should not be considered substitutes for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements set forth above should be carefully evaluated.
Answer:
|
Owens & Minor Reports 1st Quarter Financial Results Q1 year-over-year revenue growth of 10% Record Q1 GAAP EPS of $0.98 and Adjusted EPS of $1.57 Raises 2021 Adjusted Net Income per share guidance to $3.75 - $4.25
|
RICHMOND, Va.--(BUSINESS WIRE)--Owens & Minor, Inc. (NYSE-OMI) today reported financial results for the first quarter of 2021, as summarized in the table below. We're pleased to deliver another quarter of excellent growth on the top and bottom line as we continue to execute on the Owens & Minor business blueprint. Our first quarter results reflect strong operational execution across the company, powered by continued strength in global products and favorable market dynamics including an uptick in elective procedures in March, said Edward A. Pesicka, President & Chief Executive Officer of Owens & Minor. We also recapitalized our debt structure, thereby improving our strategic and operational flexibility. Pesicka added, We have raised our full-year guidance range for adjusted net income to $3.75 to $4.25 per share. The increased guidance is in light of the strong first quarter performance, our favorable outlook around elective procedures, and improved line of sight toward PPE demand into the third quarter. Financial Summary* ($ in millions, except per share data) 1Q21 1Q20 Revenue $2,327 $2,123 Operating Income, GAAP** $146.7 $10.8 Adj. Operating Income, Non-GAAP** $162.7 $27.4 Income (Loss) from continuing operations, GAAP** $69.6 ($8.9) Adj. Net Income, Non-GAAP** $111.5 $2.4 Adj. EBITDA, Non-GAAP** $175.6 $40.6 Income (Loss) from continuing operations per share, GAAP** $0.98 ($0.15) Adj. Net income per share, Non-GAAP** $1.57 $0.04 * Adjusted net income and Adjusted net income per share relate to continuing operations. ** Reconciliations of the differences between the non-GAAP financial measures presented in this release and their most directly comparable GAAP financial measures are included in the tables below. ** 1Q21 Adjusted EPS favorably impacted by $0.06 of foreign currency translation compared to prior year 1st Quarter 2021 Highlights Financial Outlook The Company expects adjusted net income for 2021 to be in a range of $3.75 to $4.25 per share and Adjusted EBITDA in the range of $450 million to $500 million, based on the key assumptions below: Although the Company does provide guidance for adjusted net income per share and Adjusted EBITDA (which are non-GAAP financial measures), it is not able to forecast the most directly comparable measures calculated and presented in accordance with GAAP without unreasonable effort. Certain elements of the composition of the GAAP amounts are not predictable, making it impracticable for the Company to forecast. Such elements include, but are not limited to restructuring and acquisition charges. As a result, no GAAP guidance or reconciliation of the Companys adjusted net income per share guidance or Adjusted EBITDA guidance is provided. For the same reasons, the Company is unable to assess the probable significance of the unavailable information, which could have a potentially significant impact on its future GAAP financial results. The outlook is based on certain assumptions that are subject to the risk factors discussed in the Companys filings with the Securities and Exchange Commission (SEC). Dividend Information The Board of Directors approved a second quarter 2021 dividend payment of $0.0025 per share, payable on June 30, 2021, to shareholders of record as of June 15, 2021. Investor Day The Company will hold an Investor Day on Wednesday, May 26, 2021 from 10:00 a.m. EDT to 1:00 p.m. EDT via live webcast. The Owens & Minor leadership team will provide an in-depth review of the Companys strategy and future growth targets. Investors and analysts will have the opportunity to participate in the live Q&A session with the leadership team. Participants are advised to register in advance to access the live webcast at https://owens-minor-investorday.com/ The event will be webcast live and archived on the Companys website. For questions, please contact [email protected] Investor Conference Call for 1st Quarter Financial Results Owens & Minor executives will host a conference call at 8:00 a.m. EDT today, May 5, 2021, to discuss the results. Participants may access the call at 866-393-1604. The international dial-in number is 224-357-2191. A replay of the call will be available for one week by dialing 855-859-2056. The access code for the conference call, international dial-in and replay is 1692522. A webcast of the event will be available at www.owens-minor.com under the Investor Relations section. Safe Harbor This release is intended to be disclosure through methods reasonably designed to provide broad, non-exclusionary distribution to the public in compliance with the SEC's Fair Disclosure Regulation. This release contains certain ''forward-looking'' statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, the statements in this release regarding our expectations with respect to our 2021 financial performance and related assumptions, as well as other statements related to the impact of COVID-19 on the Companys results and operations and the Companys expectations regarding the performance of its business and improvement of operational performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results in future periods to differ materially from those projected or contemplated in the forward-looking statements. Investors should refer to Owens & Minors Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC including the sections captioned Cautionary Note Regarding Forward-Looking Statements and Item 1A. Risk Factors, and subsequent annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed with or furnished to the SEC, for a discussion of certain known risk factors that could cause the Companys actual results to differ materially from its current estimates. These filings are available at www.owens-minor.com. Given these risks and uncertainties, Owens & Minor can give no assurance that any forward-looking statements will, in fact, transpire and, therefore, cautions investors not to place undue reliance on them. Owens & Minor specifically disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. About Owens & Minor Owens & Minor, Inc. (NYSE: OMI) is a global healthcare solutions company that incorporates product manufacturing, distribution support and innovative technology services to deliver significant and sustained value across the breadth of the industry from acute care to patients in their home. Aligned to its Mission of Empowering Our Customers to Advance HealthcareTM, more than 15,000 global teammates serve over 4,000 healthcare industry customers. A vertically-integrated, predominantly Americas-based footprint enables Owens & Minor to reliably supply its self-manufactured surgical and PPE products. This seamless value chain integrates with a portfolio of products representing 1,200 branded suppliers. Operating continuously since 1882 from its headquarters in Richmond, Virginia, Owens & Minor has grown into a FORTUNE 500 company with operations located across North America, Asia, Europe and Latin America. For more information about Owens & Minor, visit owens-minor.com, follow @Owens_Minor on Twitter and connect on LinkedIn at www.linkedin.com/company/owens-&-minor. Owens & Minor, Inc. Consolidated Statements of Operations (unaudited) (dollars in thousands, except per share data) Three Months Ended March 31, 2021 2020 Net revenue $ 2,326,534 $ 2,122,693 Cost of goods sold 1,883,783 1,854,134 Gross margin 442,751 268,559 Distribution, selling and administrative expenses 292,701 254,048 Acquisition-related and exit and realignment charges 5,963 6,064 Other operating income, net (2,605) (2,309) Operating income 146,692 10,756 Interest expense, net 13,672 23,342 Loss on extinguishment of debt 40,433 4,127 Other expense, net 569 719 Income (loss) from continuing operations before income taxes 92,018 (17,432) Income tax provision (benefit) 22,429 (8,523) Income (loss) from continuing operations, net of tax 69,589 (8,909) Loss from discontinued operations, net of tax (2,415) Net income (loss) $ 69,589 $ (11,324) Income (loss) from continuing operations per common share: basic and diluted $ 0.98 $ (0.15) Loss from discontinued operations per common share: basic and diluted (0.04) Net income (loss) per common share: basic and diluted $ 0.98 $ (0.19) Owens & Minor, Inc. Condensed Consolidated Balance Sheets (unaudited) (dollars in thousands) March 31, December 31, 2021 2020 Assets Current assets Cash and cash equivalents $ 54,455 $ 83,058 Accounts receivable, net of allowances of $21,231 and $19,087 736,176 700,792 Merchandise inventories 1,322,897 1,233,751 Other current assets 93,208 118,264 Total current assets 2,206,736 2,135,865 Property and equipment, net of accumulated depreciation of $292,568 and $284,126 307,852 315,662 Operating lease assets 155,152 144,755 Goodwill 391,349 394,086 Intangible assets, net 232,009 243,351 Other assets, net 97,723 101,920 Total assets $ 3,390,821 $ 3,335,639 Liabilities and equity Current liabilities Accounts payable $ 1,021,761 $ 1,000,186 Accrued payroll and related liabilities 64,661 109,447 Other current liabilities 250,875 236,094 Total current liabilities 1,337,297 1,345,727 Long-term debt, excluding current portion 981,342 986,018 Operating lease liabilities, excluding current portion 130,565 119,932 Deferred income taxes 51,476 50,641 Other liabilities 103,880 121,267 Total liabilities 2,604,560 2,623,585 Total equity 786,261 712,054 Total liabilities and equity $ 3,390,821 $ 3,335,639 Owens & Minor, Inc. Consolidated Statements of Cash Flows (unaudited) (dollars in thousands) Three Months Ended March 31, 2021 2020 Operating activities: Net income (loss) $ 69,589 $ (11,324) Adjustments to reconcile net income (loss) to cash provided by operating activities: Depreciation and amortization 22,900 23,913 Share-based compensation expense 5,182 3,941 Impairment charges 9,080 Loss on extinguishment of debt 40,433 4,127 Provision for losses on accounts receivable 8,462 5,213 Deferred income tax (benefit) expense (5,865) 6,348 Changes in operating lease right-of-use assets and lease liabilities 448 (714) Changes in operating assets and liabilities: Accounts receivable (45,919) (7,942) Merchandise inventories (89,393) 39,340 Accounts payable 18,742 98,743 Net change in other assets and liabilities (1,666) (77,178) Other, net 2,510 (93) Cash provided by operating activities 25,423 93,454 Investing activities: Additions to property and equipment (5,048) (4,771) Additions to computer software (1,575) (942) Proceeds from sale of property and equipment 4 33 Cash used for investing activities (6,619) (5,680) Financing activities: Proceeds from issuance of debt 574,900 150,000 Repayments under revolving credit facility (96,500) (6,200) Repayments of debt (523,140) (166,798) Financing costs paid (11,700) (5,785) Cash dividends paid (181) (155) Payment for termination of interest rate swaps (15,434) Other, net (8,339) (2,468) Cash used for financing activities (80,394) (31,406) Effect of exchange rate changes on cash and cash equivalents (2,139) (62) Net (decrease) increase in cash, cash equivalents and restricted cash (63,729) 56,306 Cash, cash equivalents and restricted cash at beginning of period 134,506 84,687 Cash, cash equivalents and restricted cash at end of period (1) $ 70,777 $ 140,993 Supplemental disclosure of cash flow information: Income taxes paid, net of refunds $ 898 $ 2,695 Interest paid $ 10,255 $ 21,431 (1) Restricted cash as of March 31, 2021 represents $16.3 million held in an escrow account as required by the Centers for Medicare & Medicaid Services (CMS) in conjunction with the Bundled Payments for Care Improvement (BPCI) Advanced Program. Owens & Minor, Inc. Summary Segment Information (unaudited) (dollars in thousands) Three Months Ended March 31, 2021 2020 % of % of consolidated consolidated Amount net revenue Amount net revenue Net revenue: Segment net revenue Global Solutions $ 1,849,509 79.49 % $ 1,847,593 87.04 % Global Products 658,750 28.31 % 391,192 18.43 % Total segment net revenue 2,508,259 2,238,785 Inter-segment revenue Global Products (181,725) (7.80) % (116,092) (5.47) % Total inter-segment revenue (181,725) (116,092) Consolidated net revenue $ 2,326,534 100.00 % $ 2,122,693 100.00 % % of segment % of segment Operating income: net revenue net revenue Global Solutions $ 8,892 0.48 % $ 7,691 0.42 % Global Products 163,587 24.83 % 18,571 4.75 % Inter-segment eliminations (9,798) 1,169 Intangible amortization (10,026) (10,611) Acquisition-related and exit and realignment charges (5,963) (6,064) Consolidated operating income $ 146,692 6.31 % $ 10,756 0.51 % Depreciation and amortization: Global Solutions $ 9,839 $ 10,636 Global Products 13,061 13,277 Consolidated depreciation and amortization $ 22,900 $ 23,913 Capital expenditures: Global Solutions $ 3,000 $ 1,032 Global Products 3,623 3,017 Discontinued operations 1,664 Consolidated capital expenditures $ 6,623 $ 5,713 Owens & Minor, Inc. Net Income (Loss) per Common Share (unaudited) (dollars in thousands, except per share data) Three Months Ended March 31, 2021 2020 Weighted average shares outstanding - basic 70,834 60,571 Dilutive shares 104 Weighted average shares outstanding - diluted 70,938 60,571 Income (loss) from continuing operations $ 69,589 $ (8,909) Basic and diluted per share $ 0.98 $ (0.15) Loss from discontinued operations $ $ (2,415) Basic and diluted per share $ $ (0.04) Net income (loss) $ 69,589 $ (11,324) Basic and diluted per share $ 0.98 $ (0.19) Owens & Minor, Inc. GAAP/Non-GAAP Reconciliations (unaudited) (dollars in thousands, except per share data) The following table provides a reconciliation of reported operating income and income (loss) from continuing operations to non-GAAP measures used by management. Three Months Ended March 31, 2021 2020 Operating income, as reported (GAAP) $ 146,692 $ 10,756 Intangible amortization (1) 10,026 10,611 Acquisition-related and exit and realignment charges(2) 5,963 6,064 Operating income, adjusted (non-GAAP) (Adjusted Operating Income) $ 162,681 $ 27,431 Operating income as a percent of net revenue (GAAP) 6.31 % 0.51 % Adjusted operating income as a percent of net revenue (non-GAAP) 6.99 % 1.29 % Income (loss) from continuing operations, as reported (GAAP) $ 69,589 $ (8,909) Intangible amortization (1) 10,026 10,611 Income tax benefit (6) (2,661) (2,544) Acquisition-related and exit and realignment charges(2) 5,963 6,064 Income tax benefit (6) (1,583) (1,250) Loss on extinguishment of debt (3) 40,433 4,127 Income tax benefit (6) (10,732) (989) Other (4) 569 577 Income tax benefit (6) (151) (138) Tax adjustment (5) (5,187) Income from continuing operations, adjusted (non-GAAP) (Adjusted Net Income) $ 111,453 $ 2,362 Income (loss) from continuing operations per diluted common share, as reported (GAAP) $ 0.98 $ (0.15) Intangible amortization (1) 0.10 0.14 Acquisition-related and exit and realignment charges(2) 0.06 0.08 Loss on extinguishment of debt (3) 0.42 0.05 Other (4) 0.01 0.01 Tax adjustment (5) (0.09) Income from continuing operations per diluted common share, adjusted (non-GAAP) (Adjusted EPS) $ 1.57 $ 0.04 Owens & Minor, Inc. GAAP/Non-GAAP Reconciliations (unaudited), continued (dollars in thousands, except per share data) The following table provides a reconciliation of net income (loss) to a non-GAAP measure used by management. Three Months Ended March 31, 2021 2020 Net income (loss), as reported (GAAP) $ 69,589 $ (11,324) Loss from discontinued operations, net of tax 2,415 Income tax provision (benefit) 22,429 (8,523) Interest expense, net 13,672 23,342 Intangible amortization (1) 10,026 10,611 Other depreciation and amortization (7) 12,874 13,301 EBITDA (non-GAAP) 128,590 29,822 Acquisition-related and exit and realignment charges (2) 5,963 6,064 Loss on extinguishment of debt (3) 40,433 4,127 Other expense, net (4) 569 577 EBITDA, adjusted (non-GAAP) (Adjusted EBITDA) $ 175,555 $ 40,590 Owens & Minor, Inc. GAAP/Non-GAAP Reconciliations (unaudited), continued The following items have been excluded in our non-GAAP financial measures: (1) Intangible amortization includes amortization of intangible assets established during purchase accounting for business combinations. These amounts are highly dependent on the size and frequency of acquisitions and are being excluded to allow for a more consistent comparison with forecasted, current and historical results and the results of our peers. (2) There were no acquisition-related charges for the three months ended March 31, 2021 compared to $4.2 million for the same period of 2020, which consisted primarily of transition costs for the Halyard acquisition. Exit and realignment charges were $6.0 million for the three months ended March 31, 2021 and consisted primarily of an increase in reserves associated with certain retained assets of Fusion5, IT restructuring charges and other costs related to the reorganization of the U.S. commercial, operations and executive teams. Exit and realignment charges were $1.8 million for the three months ended March 31, 2020 and consisted primarily of IT restructuring charges and other costs related to the reorganization of the U.S. commercial, operations and executive teams. (3) Loss on extinguishment of debt for the three months ended March 31, 2021 includes the write-off of deferred financing costs and third party fees associated with the debt refinancing in March 2021 of $15.3 million and amounts reclassified from accumulated other comprehensive loss as a result of the termination of our interest rate swaps of $25.1 million. Loss on extinguishment of debt for the three months ended March 31, 2020 primarily includes the write-off of deferred financing costs and third party fees. (4) Other includes interest costs and net actuarial losses related to our retirement plans. (5) Includes a tax adjustment associated with the estimated benefits under the Tax Cuts and Jobs Act and the Coronavirus Aid, Relief, and Economic Security (CARES) Act. (6) These charges have been tax effected in the preceding table by determining the income tax rate depending on the amount of charges incurred in different tax jurisdictions and the deductibility of those charges for income tax purposes. (7) Other depreciation and amortization includes depreciation expense for property and equipment and amortization for capitalized computer software. Use of Non-GAAP Measures This earnings release contains financial measures that are not calculated in accordance with U.S. generally accepted accounting principles ("GAAP"). In general, the measures exclude items and charges that (i) management does not believe reflect Owens & Minor, Inc.'s (the "Company") core business and relate more to strategic, multi-year corporate activities; or (ii) relate to activities or actions that may have occurred over multiple or in prior periods without predictable trends. Management uses these non-GAAP financial measures internally to evaluate the Company's performance, evaluate the balance sheet, engage in financial and operational planning and determine incentive compensation. Management provides these non-GAAP financial measures to investors as supplemental metrics to assist readers in assessing the effects of items and events on its financial and operating results and in comparing the Company's performance to that of its competitors. However, the non-GAAP financial measures used by the Company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. The non-GAAP financial measures disclosed by the Company should not be considered substitutes for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements set forth above should be carefully evaluated.
|
edtsum5192
|
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)--GAN Limited (the Company or GAN) (NASDAQ: GAN), a leading business-to-business supplier of internet gaming software-as-a-service solutions primarily to the U.S. land-based casino industry, today announces the launch of the mychoice social casino app, powered by GANs Simulated Gaming software and delivered to Penn Interactive, a subsidiary of Penn National Gaming, Inc. (Penn National) (together Client). Simulated Gaming is a core offering of GAN, which enables casino operators to provide social gaming offerings to players in states in advance of real money iGaming, providing meaningful marketing and revenue opportunities for both operators and GAN. Penn National is the largest single casino operator in the United States to select GAN as its enterprise software service provider of B2B social gaming. The mychoice social casino app, which launched today, will be fully integrated with Penn Nationals mychoice player loyalty program, which currently has over 20 million members. Penn Interactive, a wholly owned subsidiary of Penn National Gaming, operates retail sports betting, online social casino, bingo and iCasino products across Penn Nationals industry leading portfolio of 41 properties in 19 states. Together with Penn Nationals properties, Simulated Gaming will now be served to casino patrons of more than 100 individual casino properties coast to coast in the U.S. The Client is the 17th U.S. casino operator to license GANs specialist software, which permits patrons to link reward cards to their online Simulated Gaming account and receive reward points automatically triggered by the patrons diverse online activities. Jeff Berman, Chief Commercial Officer of GAN, commented: We are proud to have been selected by a genuine giant of gaming to upgrade their long-standing B2B social casino offering with a uniquely diverse Simulated Gaming content portfolio accessed via an enhanced custom front-end development and a full integration into Penn Nationals market leading reward program, leveraging our unique patented technical capability to deliver on-property to online convergence for their carded patrons. We hope this marks the beginning of a partnership that may grow beyond the opportunity of Social Gaming for GAN. Jon Kaplowitz, Head of Penn Interactive, commented: The combination of GANs great team and proven ability to deliver quality products makes them an ideal partner for Penn. Our mychoice social casino app will be a fun, free-to-play casino experience, and will allow our mychoice members to continue to earn valuable loyalty points from the comfort of their homes. About GAN Limited GAN is a leading business-to-business supplier of internet gambling software-as-a-service solutions predominantly to the U.S. land-based casino industry. GAN has developed a proprietary internet gambling enterprise software system, GameSTACK, which it licenses to land-based casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming. Forward-Looking Statements This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding future business opportunities with Penn National, as well as statements that include the words expect, intend, plan, believe, project, forecast, estimate, may, should, anticipate and similar statements of a future or forward-looking nature. These forward-looking statements are based on managements current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update or revise any forward-looking statements for any reason, except as required by law.
Answer:
|
GAN Launches Major New Client: Penn Interactive
|
LONDON--(BUSINESS WIRE)--GAN Limited (the Company or GAN) (NASDAQ: GAN), a leading business-to-business supplier of internet gaming software-as-a-service solutions primarily to the U.S. land-based casino industry, today announces the launch of the mychoice social casino app, powered by GANs Simulated Gaming software and delivered to Penn Interactive, a subsidiary of Penn National Gaming, Inc. (Penn National) (together Client). Simulated Gaming is a core offering of GAN, which enables casino operators to provide social gaming offerings to players in states in advance of real money iGaming, providing meaningful marketing and revenue opportunities for both operators and GAN. Penn National is the largest single casino operator in the United States to select GAN as its enterprise software service provider of B2B social gaming. The mychoice social casino app, which launched today, will be fully integrated with Penn Nationals mychoice player loyalty program, which currently has over 20 million members. Penn Interactive, a wholly owned subsidiary of Penn National Gaming, operates retail sports betting, online social casino, bingo and iCasino products across Penn Nationals industry leading portfolio of 41 properties in 19 states. Together with Penn Nationals properties, Simulated Gaming will now be served to casino patrons of more than 100 individual casino properties coast to coast in the U.S. The Client is the 17th U.S. casino operator to license GANs specialist software, which permits patrons to link reward cards to their online Simulated Gaming account and receive reward points automatically triggered by the patrons diverse online activities. Jeff Berman, Chief Commercial Officer of GAN, commented: We are proud to have been selected by a genuine giant of gaming to upgrade their long-standing B2B social casino offering with a uniquely diverse Simulated Gaming content portfolio accessed via an enhanced custom front-end development and a full integration into Penn Nationals market leading reward program, leveraging our unique patented technical capability to deliver on-property to online convergence for their carded patrons. We hope this marks the beginning of a partnership that may grow beyond the opportunity of Social Gaming for GAN. Jon Kaplowitz, Head of Penn Interactive, commented: The combination of GANs great team and proven ability to deliver quality products makes them an ideal partner for Penn. Our mychoice social casino app will be a fun, free-to-play casino experience, and will allow our mychoice members to continue to earn valuable loyalty points from the comfort of their homes. About GAN Limited GAN is a leading business-to-business supplier of internet gambling software-as-a-service solutions predominantly to the U.S. land-based casino industry. GAN has developed a proprietary internet gambling enterprise software system, GameSTACK, which it licenses to land-based casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming. Forward-Looking Statements This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding future business opportunities with Penn National, as well as statements that include the words expect, intend, plan, believe, project, forecast, estimate, may, should, anticipate and similar statements of a future or forward-looking nature. These forward-looking statements are based on managements current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update or revise any forward-looking statements for any reason, except as required by law.
|
edtsum5203
|
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: ANKENY, Iowa, April 9, 2020 /PRNewswire/ -- The Iowa Soybean Association, Quantified Ventures and Cargill are announcing the launch of a collaborative, market-based program to accelerate soil health and water conservation across Iowa farmland and provide a critical new source of financial incentives to Iowa farmers. (PRNewsfoto/Cargill, Inc.) (PRNewsfoto/Cargill, Inc.) The Soil and Water Outcomes Fund compensates farmers for implementing agricultural management best practices on their farms. The resulting environmental improvements, including enhanced water quality and carbon sequestration, are independently monitored, verified and purchased by municipal, corporate, and governmental entities who are seeking innovative ways to reduce their environmental impacts and costs. "The Fund is a win-win for farmers implementing conservation practices and those benefiting from the outcomes of those practices," says Adam Kiel, Iowa Soybean Association (ISA) Director of Conservation and External Programs. "Farmers are well positioned to play a lead role in improving water quality and sequestering carbon," Kiel says. "It's also an ideal way for farmers to scale beyond the acre and contract limits of traditional government funded cost share programs." Nearly 10,000 acres in Iowa are already enrolled in the Soil and Water Outcomes Fund. This year, the Fund will achieve an estimated 100,000 pounds of nitrogen reductions and 10,000 pounds of phosphorus reductions in water. Additionally, 7,500 tons of carbon dioxide will be sequestered in soils, an amount equivalent to removing 1,480 cars from the road. The intent is to scale the Fund into additional states and regions to realize even greater positive environmental impacts and farmer benefits.The outcomes-based funding model aligns with Cargill's strategic focus to develop scalable, public-private partnerships that enable farmers to improve soil health, carbon storage and water quality and access."Cargill is excited about the potential of this innovative approach to support and mitigate risk for farmers as they invest in soil health and other conservation best management practices," said Ryan Sirolli, Director of Row Crop Sustainability at Cargill. "We're incentivizing more participants to implement best management practices that provide positive benefits for their business and the environment."Outcomes generated by the Fund will have far-reaching benefits for multiple stakeholders. For participating municipalities, benefits include flexibility with permit requirements, source water protection, flood risk reduction and cost savings over grey infrastructure. Corporations and the industry see value in enhanced soil carbon sequestration to meet supply chain sustainability commitments Farmers see improved on-farm agronomics and resiliency as they build healthier soils. Mark Lambert, Director of Agriculture at Quantified Ventures, says the Fund represents an important evolution in the way agricultural conservation is incentivized."We believe that shifting from 'pay for practice' approaches to 'pay for outcomes' approaches will unlock the impact investment capital needed to mitigate climate change and improve water quality at scale," he said. "By combining the multiple beneficiaries of conservation outcomes into a single transaction, the Fund can deliver cost effective and scalable impact."Development of the Fund was supported by a grant from the Walton Family Foundation. Amy Saltzman, Program Officer at the Walton Family Foundation, said solutions that work for both the environment and the economy are the ones that stand the test of time."This fund is poised for long-term success, which is good for clean water, healthy soil, and communities and jobs that depend on them," Saltzman said."The Walton Family Foundation is proud to support the creation of this fund, which will help leverage the power of markets for a more sustainable future."Sustainable Environmental Consultants, a third-party to the transaction, will quantify the outcomes of the program. Additional field verification will occur, including soil and water sampling. To ensure integrity of the environmental benefits generated, the Fund only supports practices and outcomes that are additive to a farmer's current baseline of agricultural practices.The Fund will be jointly administered by the Iowa Soybean Association and Quantified Ventures, with initial funding support provided by Cargill and the Walton Family Foundation. Opportunities for additional farmer enrollment will be announced later this year. Interested outcome purchasers are encouraged to contact the Fund for pricing and participation information.About CargillCargill's 160,000 employees across 70 countries work relentlessly to achieve our purpose of nourishing the world in a safe, responsible and sustainable way. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need to thrive. We combine 154 years of experience with new technologies and insights to serve as a trusted partner for food, agriculture, financial and industrial customers in more than 125 countries. Side-by-side, we are building a stronger, sustainable future for agriculture. About the Iowa Soybean AssociationThe Iowa Soybean Association is Driven To Deliver increased soybean demand through market development and new uses, farmer-focused research and results, timely information and know-how and policy initiatives enabling farmers and the industry to flourish. Founded in 1964 by farmers to serve farmers, the Iowa Soybean Association is led by a 22-farmer board of directors and advocates on behalf of the state's nearly 40,000 soybean producers. About Quantified VenturesQuantified Venturesis an outcomes-based capital firm that builds trusted partnerships with key public and private stakeholders to structure outcomes-based financial transactions that drive capital toward groundbreaking solutions and promising innovations. Quantified Ventures pioneered the first-ever Environmental Impact Bonds (EIB) and are building and leading the outcomes-based marketplace to improve the health of people, communities, and the planet.SOURCE Cargill, Inc.
Answer:
|
Iowa Soybean Association, Quantified Ventures, Cargill partner to advance agricultural conservation in Iowa Financial incentives included in program helping Iowa farmers enhance soil health, water conservation
|
ANKENY, Iowa, April 9, 2020 /PRNewswire/ -- The Iowa Soybean Association, Quantified Ventures and Cargill are announcing the launch of a collaborative, market-based program to accelerate soil health and water conservation across Iowa farmland and provide a critical new source of financial incentives to Iowa farmers. (PRNewsfoto/Cargill, Inc.) (PRNewsfoto/Cargill, Inc.) The Soil and Water Outcomes Fund compensates farmers for implementing agricultural management best practices on their farms. The resulting environmental improvements, including enhanced water quality and carbon sequestration, are independently monitored, verified and purchased by municipal, corporate, and governmental entities who are seeking innovative ways to reduce their environmental impacts and costs. "The Fund is a win-win for farmers implementing conservation practices and those benefiting from the outcomes of those practices," says Adam Kiel, Iowa Soybean Association (ISA) Director of Conservation and External Programs. "Farmers are well positioned to play a lead role in improving water quality and sequestering carbon," Kiel says. "It's also an ideal way for farmers to scale beyond the acre and contract limits of traditional government funded cost share programs." Nearly 10,000 acres in Iowa are already enrolled in the Soil and Water Outcomes Fund. This year, the Fund will achieve an estimated 100,000 pounds of nitrogen reductions and 10,000 pounds of phosphorus reductions in water. Additionally, 7,500 tons of carbon dioxide will be sequestered in soils, an amount equivalent to removing 1,480 cars from the road. The intent is to scale the Fund into additional states and regions to realize even greater positive environmental impacts and farmer benefits.The outcomes-based funding model aligns with Cargill's strategic focus to develop scalable, public-private partnerships that enable farmers to improve soil health, carbon storage and water quality and access."Cargill is excited about the potential of this innovative approach to support and mitigate risk for farmers as they invest in soil health and other conservation best management practices," said Ryan Sirolli, Director of Row Crop Sustainability at Cargill. "We're incentivizing more participants to implement best management practices that provide positive benefits for their business and the environment."Outcomes generated by the Fund will have far-reaching benefits for multiple stakeholders. For participating municipalities, benefits include flexibility with permit requirements, source water protection, flood risk reduction and cost savings over grey infrastructure. Corporations and the industry see value in enhanced soil carbon sequestration to meet supply chain sustainability commitments Farmers see improved on-farm agronomics and resiliency as they build healthier soils. Mark Lambert, Director of Agriculture at Quantified Ventures, says the Fund represents an important evolution in the way agricultural conservation is incentivized."We believe that shifting from 'pay for practice' approaches to 'pay for outcomes' approaches will unlock the impact investment capital needed to mitigate climate change and improve water quality at scale," he said. "By combining the multiple beneficiaries of conservation outcomes into a single transaction, the Fund can deliver cost effective and scalable impact."Development of the Fund was supported by a grant from the Walton Family Foundation. Amy Saltzman, Program Officer at the Walton Family Foundation, said solutions that work for both the environment and the economy are the ones that stand the test of time."This fund is poised for long-term success, which is good for clean water, healthy soil, and communities and jobs that depend on them," Saltzman said."The Walton Family Foundation is proud to support the creation of this fund, which will help leverage the power of markets for a more sustainable future."Sustainable Environmental Consultants, a third-party to the transaction, will quantify the outcomes of the program. Additional field verification will occur, including soil and water sampling. To ensure integrity of the environmental benefits generated, the Fund only supports practices and outcomes that are additive to a farmer's current baseline of agricultural practices.The Fund will be jointly administered by the Iowa Soybean Association and Quantified Ventures, with initial funding support provided by Cargill and the Walton Family Foundation. Opportunities for additional farmer enrollment will be announced later this year. Interested outcome purchasers are encouraged to contact the Fund for pricing and participation information.About CargillCargill's 160,000 employees across 70 countries work relentlessly to achieve our purpose of nourishing the world in a safe, responsible and sustainable way. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need to thrive. We combine 154 years of experience with new technologies and insights to serve as a trusted partner for food, agriculture, financial and industrial customers in more than 125 countries. Side-by-side, we are building a stronger, sustainable future for agriculture. About the Iowa Soybean AssociationThe Iowa Soybean Association is Driven To Deliver increased soybean demand through market development and new uses, farmer-focused research and results, timely information and know-how and policy initiatives enabling farmers and the industry to flourish. Founded in 1964 by farmers to serve farmers, the Iowa Soybean Association is led by a 22-farmer board of directors and advocates on behalf of the state's nearly 40,000 soybean producers. About Quantified VenturesQuantified Venturesis an outcomes-based capital firm that builds trusted partnerships with key public and private stakeholders to structure outcomes-based financial transactions that drive capital toward groundbreaking solutions and promising innovations. Quantified Ventures pioneered the first-ever Environmental Impact Bonds (EIB) and are building and leading the outcomes-based marketplace to improve the health of people, communities, and the planet.SOURCE Cargill, Inc.
|
edtsum5220
|
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, March 17, 2020 /PRNewswire/ -Aimia Inc. (TSX: AIM) today announced that all of its 2,161,865 Cumulative Floating Rate Preferred Shares, Series 2(the "Series 2 Preferred Shares")will be converted into Cumulative Rate Reset Preferred Shares, Series 1 (the "Series 1 Preferred Shares") on March 31, 2020. During the conversion notice period, which commenced on March 2, 2020 and ended at 5:00 p.m. (Montreal time) on March 16, 2020, 1,774,254Series 2 Preferred Shares were tendered for conversion into Series 1 Preferred Shares. In accordance with the rights, privileges, restrictions and conditions attaching to the Series 2 Preferred Shares and the Series 1 Preferred Shares, since there would be fewer than 1,000,000 Series 2 Preferred Shares outstanding on March 31, 2020, after having taken into account all Series 2 Preferred Shares tendered for conversion into Series 1 Preferred Shares, all Series 2 Preferred Shares will be automatically converted into Series 1 Preferred Shares on March 31, 2020. In addition, despite the fact that, during the conversion notice period, 17,370 Series 1 Preferred Shares were tendered for conversion into Series 2 Preferred Shares, since there would be fewer than 1,000,000 Series 2 Preferred Shares outstanding on March 31, 2020, after having taken into account all Series 1Preferred Shares tendered for conversion into Series 2Preferred Shares, holders of Series 1 Preferred Shares who elected to tender their shares for conversion will not have their Series 1 Preferred Shares converted into Series 2 Preferred Shares on March 31, 2020 in accordance with the rights, privileges, restrictions and conditions attaching to the Series 1 Preferred Shares and the Series 2 Preferred Shares. As a result, no Series 2 Preferred Shares will be issued on March 31, 2020, all 2,161,865 Series 2 Preferred Shares will be automatically converted into Series 1 Preferred Shares on March 31, 2020 and no Series 2 Preferred Shares will remain issued and outstanding after March 31, 2020. As a result of the foregoing, after March 31, 2020, there will be 5,083,140 issued and outstanding Series 1 Preferred Shares, all of which will be listed on the Toronto Stock Exchange. About Aimia Aimia Inc. (TSX: AIM) operates a loyalty solutions business, which is a well-recognized, global full-service provider of next generation loyalty solutions for many of the world's leading brands in the retail, CPG, travel & hospitality, financial services and entertainment verticals. Aimia is focused on growing earnings through its existing business and investments, including the Club Premier program in Mexico, which it jointly controls with Aeromexico through its investment in PLM, and an investment alongside Air Asia in travel technology company BIGLIFE, the operator of BIG Loyalty. For more information about Aimia, visit corp.aimia.com SOURCE Aimia Inc. Related Links https://corp.aimia.com/
Answer:
|
Aimia Announces Results of Conversion Privilege of Series 1 Cumulative Rate Reset Preferred Shares and Series 2 Cumulative Floating Rate Preferred Shares
|
TORONTO, March 17, 2020 /PRNewswire/ -Aimia Inc. (TSX: AIM) today announced that all of its 2,161,865 Cumulative Floating Rate Preferred Shares, Series 2(the "Series 2 Preferred Shares")will be converted into Cumulative Rate Reset Preferred Shares, Series 1 (the "Series 1 Preferred Shares") on March 31, 2020. During the conversion notice period, which commenced on March 2, 2020 and ended at 5:00 p.m. (Montreal time) on March 16, 2020, 1,774,254Series 2 Preferred Shares were tendered for conversion into Series 1 Preferred Shares. In accordance with the rights, privileges, restrictions and conditions attaching to the Series 2 Preferred Shares and the Series 1 Preferred Shares, since there would be fewer than 1,000,000 Series 2 Preferred Shares outstanding on March 31, 2020, after having taken into account all Series 2 Preferred Shares tendered for conversion into Series 1 Preferred Shares, all Series 2 Preferred Shares will be automatically converted into Series 1 Preferred Shares on March 31, 2020. In addition, despite the fact that, during the conversion notice period, 17,370 Series 1 Preferred Shares were tendered for conversion into Series 2 Preferred Shares, since there would be fewer than 1,000,000 Series 2 Preferred Shares outstanding on March 31, 2020, after having taken into account all Series 1Preferred Shares tendered for conversion into Series 2Preferred Shares, holders of Series 1 Preferred Shares who elected to tender their shares for conversion will not have their Series 1 Preferred Shares converted into Series 2 Preferred Shares on March 31, 2020 in accordance with the rights, privileges, restrictions and conditions attaching to the Series 1 Preferred Shares and the Series 2 Preferred Shares. As a result, no Series 2 Preferred Shares will be issued on March 31, 2020, all 2,161,865 Series 2 Preferred Shares will be automatically converted into Series 1 Preferred Shares on March 31, 2020 and no Series 2 Preferred Shares will remain issued and outstanding after March 31, 2020. As a result of the foregoing, after March 31, 2020, there will be 5,083,140 issued and outstanding Series 1 Preferred Shares, all of which will be listed on the Toronto Stock Exchange. About Aimia Aimia Inc. (TSX: AIM) operates a loyalty solutions business, which is a well-recognized, global full-service provider of next generation loyalty solutions for many of the world's leading brands in the retail, CPG, travel & hospitality, financial services and entertainment verticals. Aimia is focused on growing earnings through its existing business and investments, including the Club Premier program in Mexico, which it jointly controls with Aeromexico through its investment in PLM, and an investment alongside Air Asia in travel technology company BIGLIFE, the operator of BIG Loyalty. For more information about Aimia, visit corp.aimia.com SOURCE Aimia Inc. Related Links https://corp.aimia.com/
|
edtsum5227
|
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: FAIRMONT, W. Va.--(BUSINESS WIRE)--MVB Financial Corp. (NASDAQ: MVBF) (MVB Financial, MVB, or the Company) today reported net income of $8.1 million, or $0.70 basic and $0.66 diluted earnings per share for the three months ended March 31, 2021. Quarterly 2021 2020 2019 First Quarter Fourth Quarter First Quarter Net income $ 8,085 $ 11,838 $ 1,048 Earnings per share - basic $ 0.70 $ 1.00 $ 0.08 Earnings per share - diluted $ 0.66 $ 0.97 $ 0.08 FIRST QUARTER 2021 HIGHLIGHTS FINTECH HIGHLIGHTS MANAGEMENT OVERVIEW Team MVB came out strong in 2021 with net income of $8.1 million for the first quarter and generating notable growth in loans and deposits that are expected to drive profitability now and in the future. Loans, excluding PPP loans, grew $132.1 million, or 9.6%, since December 31, 2020 and $107.2 million since March 31, 2020. The Company continues to recognize vast improvements in its deposit mix by replacing high cost deposits with NIB deposits, which has pushed NIB deposits as a percentage of total deposits to 37.8% as of March 31, 2021. Income related to MVBs equity method investment in Intercoastal Mortgage Company (ICM) generated pre-tax earnings of $6.5 million for the quarter ended March 31, 2021, which allowed significant investments in technology. These investments, including the acquisition of Grand in August 2020, Flexia in January 2021 and Trabian in April 2021, will drive and diversify the Companys future earnings potential, along with the Companys existing consulting subsidiaries, Chartwell Compliance and Paladin Fraud. Building on momentum from the end of 2020, MVBs first quarter growth in loans and deposits sets us apart from the pack, said Larry F. Mazza, President, CEO, MVB Financial. Significant investments in technology including our transactions involving Flexia and Trabian enhance our ability to scale our Gaming, Banking as a Service, Payments and Digital Asset sectors as part of our expanding Fintech vertical. These investments create new revenue streams for MVB and add technological expertise that will benefit MVB and all of our stakeholders. LOANS Loans, excluding PPP loans of $190.6 million, totaled $1.50 billion as of March 31, 2021, an increase of $132.1 million, or 9.6%, from December 31, 2020 and an increase of $107.2 million, or 7.7%, from March 31, 2020. In the fourth quarter of 2020, the Company expanded its lending platform into Small Business Administration (SBA) 7(a) loans with the addition of three lenders. The increase in loans was driven by increased commercial lending production, including the onboarding and uptick of the SBA lending team. During the quarter ended March 31, 2021, the SBA team originated ten 7(a) loans totaling $9.7 million. Of these loans, three loans totaling $2.8 million were sold for a gain on sale of $0.4 million. The Company expects the SBA team to ramp up production to approximately $100 million in the teams first full year. The tax-equivalent yield on loans, including PPP loans, was 4.4% for the quarter ended March 31, 2021, a decrease of 33 basis points from the quarter ended December 31, 2020 and a decrease of 59 basis points from the quarter ended March 31, 2020. These decreases were primarily the result of a decrease in the yield on commercial loans. DEPOSITS Deposits totaled $2.22 billion as of March 31, 2021, an increase of $234.2 million, or 11.8%, from December 31, 2020 and an increase of $618.3 million, or 38.7%, from March 31, 2020. NIB deposits totaled $837.2 million as of March 31, 2021, an increase of $121.4 million, or 17.0%, from December 31, 2020 and an increase of $449.7 million, or 116.0%, from March 31, 2020. NET INTEREST INCOME Net interest income for the quarter ended March 31, 2021 was $17.5 million, a decrease of $0.2 million, or 1.0%, from the quarter ended December 31, 2020 and an increase of $1.3 million, or 8.2%, from the quarter ended March 31, 2020. Net interest margin, on a fully tax-equivalent basis, for the quarter ended March 31, 2021 was 3.26%, a decrease of 18 basis points versus the quarter ended December 31, 2020 and a decrease of 40 basis points versus the quarter ended March 31, 2020. Net interest margin was primarily impacted by excess liquidity and PPP loans. For the quarter ended March 31, 2021, the excess liquidity from increased cash balances accounted for 35 basis points of the decrease and the PPP loans accounted for 10 basis points of the decrease. The tax-equivalent adjustments are added to net interest income and were $0.4 million for the quarter ended March 31, 2021, $0.4 million for the quarter ended December 31, 2020 and $0.3 million for the quarter ended March 31, 2020. Excluding the impact from the April 2020 acquisition of The First State Bank (First State), the fully-tax equivalent net interest margin for the quarter ended March 31, 2021 would have decreased six basis points. Interest income decreased $0.3 million, or 1.5%, compared to the quarter ended December 31, 2020 and $1.6 million, or 7.9%, compared to the quarter ended March 31, 2020. The 27-basis point decrease in the yield on commercial loans and the 29-basis point decrease in the yield on investments drove the 22-basis point decrease in the tax-equivalent yield on earning assets compared to the quarter ended December 31, 2020. The 56-basis point decrease in the yield on commercial loans and the 53-basis point decrease in the yield on investments drove the 113-basis point decrease in the tax-equivalent yield on earning assets compared to the quarter ended March 31, 2020. Interest expense decreased $0.1 million, or 6.5%, compared to the quarter ended December 31, 2020 and $3.0 million, or 65.6%, compared to the quarter ended March 31, 2020. The two-basis point decrease in the cost of interest-bearing liabilities compared to the quarter ended December 31, 2020 was driven by a 11-basis point decrease in the cost of deposits and partially offset by a 27-basis point increase in the cost of subordinated debt. The 86-basis point decrease in the cost of interest-bearing liabilities compared to the quarter ended March 31, 2020 was driven by a 93-basis point decrease in the cost of deposits. An increase in the Company's average NIB balances of $135.4 million from the quarter ended December 31, 2020 helped to maintain a 20-basis point favorable spread on the tax-equivalent net interest margin for the quarter ended March 31, 2021, compared to a 18-basis point favorable spread for the quarter ended December 31, 2020. An increase in the Companys average NIB balances of $490.0 million from the quarter ended March 31, 2020 helped to maintain a 20-basis point favorable spread on the tax-equivalent net interest margin in 2020 compared to a 33-basis point favorable spread for the same period in 2020. ASSET QUALITY Provision for loan losses totaled $0.6 million for the quarter ended March 31, 2021, an increase of $0.4 million, or 188.8%, from the quarter ended December 31, 2020 and a decrease of $0.5 million, or 45.7%, from the quarter ended March 31, 2020. As a result of the changes in provision, allowance for loan losses to total loans, excluding the fair value mark totaling $16.9 million on the loans acquired from First State, was 1.5% as of March 31, 2021, a decrease of 23 basis points from December 31, 2020 and an increase of 75 basis points from March 31, 2020. Excluding PPP loans of $190.6 million, allowance for loan losses to total loans was 1.7% as of March 31, 2021. The Company continues to evaluate the effects of COVID-19 as it relates to the asset quality of the loan portfolio and will continue to evaluate and assess the need for additional loan loss provision during the remainder of 2021. Nonperforming loans totaled $11.6 million, or 0.7% of total loans, as of March 31, 2021, compared to 0.9% of total loans as of December 31, 2020 and compared to 0.4% of total loans as of March 31, 2020. In addition, net charge-offs for the quarter ended March 31, 2021 decreased $0.04 million compared to the quarter ended December 31, 2020 and decreased $1.5 million compared to the quarter ended March 31, 2020. Commercial loan modifications and mortgage loan modifications also continue to decrease and totaled $34.7 million and $9.0 million, respectively, as of March 31, 2021. These modifications include interest-only payments and payment deferrals. Of the current commercial loan modifications, $32.5 million were related to the hotel portfolio and all related payments are current. These modifications were not considered to be troubled debt restructurings. NONINTEREST INCOME Noninterest income totaled $12.5 million for the quarter ended March 31, 2021, a decrease of $4.1 million, or 24.8%, from the quarter ended December 31, 2020 and an increase of $1.6 million, or 14.8%, from the quarter ended March 31, 2020. The $4.1 million decrease in noninterest income from the quarter ended December 31, 2020 was due to a decrease of $4.1 million in equity method investment income related to the Companys investment in ICM and a decrease of $3.5 million in the gain on sale of equity securities. These decreases were partially offset by an increase of $1.1 million in the gain on sale of available-for-sale securities. Additionally in the fourth quarter of 2020, the Company recognized $1.0 million in the loss on extinguishment of debt related to the prepayment of Federal Home Loan Bank borrowings. The $1.6 million increase in noninterest income from the quarter ended March 31, 2020 was due to increases of $6.5 million in equity method investment income related to the Companys investment in ICM, $0.9 million in payment card and service charge income, $0.9 million in the gain on sale of available-for-sale securities and $0.5 million in the holding gain on equity securities. These increases were partially offset by a decrease of $7.6 million in mortgage-related income due to the transition to the equity method from the mortgage combination with ICM that occurred in July 2020. The Company expects continued growth in payment card and service charge income as a result of several sponsoring agreements and new products and services as a result of recent investments in Fintech capabilities. NONINTEREST EXPENSE Noninterest expense totaled $19.1 million for the quarter ended March 31, 2021, a decrease of $1.8 million, or 8.5%, from the quarter ended December 31, 2020 and a decrease of $5.5 million, or 22.5%, from the quarter ended March 31, 2020. The $1.8 million decrease in noninterest expense from the quarter ended December 31, 2020 was due to decreases of $0.8 million in professional fees, $0.4 million in salaries and employee benefits, $0.2 million in data processing and communications and $0.1 million in marketing, contributions, and sponsorships. The $5.5 million decrease in noninterest expense from the quarter ended March 31, 2020 was due to decreases of $4.3 million in salaries and employee benefits and $0.9 million in mortgage processing expense. The mortgage transaction that occurred in July 2020 had the largest impact to the decreases noted as a result of the transition to the equity method accounting. STRATEGIC TRANSACTIONS In January 2021, the Company acquired a majority interest in Flexia. MVB invested approximately $2.5 million for its 80% interest. Flexias platform allows users to access a reloadable account that combines a debit account and casino gaming accounts into one card, allowing them for non-cash transactions at participating casinos. In April 2021, the Company announced the acquisition of a majority interest in Trabian for 17,597 shares of MVB stock and an undisclosed amount of cash. Founded in 2003, Trabian builds digital products, web and mobile applications for forward-thinking community banks, credit unions, digital banks and Fintechs. PREFERRED STOCK REDEMPTION As previously announced, the Company issued a notice of redemption to redeem all of the Companys outstanding shares of Convertible Noncumulative Perpetual Preferred Stock. In January 2021, all preferred stock totaling $7.3 million was redeemed. DIVIDEND As previously announced on February 17, 2021, MVB issued its first quarterly dividend for 2021, including an increase of 11.1% compared to the previous quarters dividend. The Company declared a quarterly cash dividend of $0.10 per share payable on March 15, 2021 to shareholders of record at the close of business on March 1, 2021. SUBSEQUENT EVENTS In addition to the Trabian acquisition discussed earlier, the Bank entered into a Purchase and Assumption Agreement with Summit Community Bank, Inc. (Summit) pursuant to which Summit will purchase certain assets and assume certain liabilities of four branch locations in Cabell, Kanawha, and Putnam counties in West Virginia. Per the agreement, Summit will assume approximately $190 million in deposits and will acquire approximately $60 million in loans, as well as cash, real property, personal property and other fixed assets. The purchase price will be calculated at closing and includes a 6% premium on the deposits assumed. The Bank expects to close this purchase early in the third quarter of 2021. About MVB Financial Corp. MVB Financial Corp. (MVB Financial or MVB), the holding company of MVB Bank, Inc., is publicly traded on The Nasdaq Capital Market (Nasdaq) under the ticker MVBF. MVB is a financial holding company headquartered in Fairmont, WV. Through its subsidiary, MVB Bank, Inc., and the banks subsidiaries, MVB Technology, the MVB Community Development Corporation, Chartwell Compliance and Paladin Fraud, the Company provides financial services to individuals and corporate clients in the Mid-Atlantic region and beyond. Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. For more information about MVB, please visit ir.mvbbanking.com. Forward-looking Statements MVB Financial has made forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, in this press release that are intended to be covered by the protections provided under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations about the future and subject to risks and uncertainties. Forward-looking statements include, without limitation, information concerning possible or assumed future results of operations of the Company and its subsidiaries. Forward-looking statements can be identified by the use of words such as may, could, should,, would, will, plans, believes, estimates, expects, anticipates, intends, continues or the negative of those terms or similar expressions. Note that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause those results to differ materially from those expressed in forward-looking statements. Therefore, undue reliance should not be placed upon any forward-looking statements. Those factors include but are not limited to: market, economic, operational, liquidity and credit risk; changes in market interest rates; inability to achieve anticipated synergies and successfully integrate recent mergers and acquisitions; inability to successfully execute business plans, including strategies related to investments in financial technology companies; competition; length and severity of the COVID-19 pandemic and its impact on the Companys business and financial condition; changes in economic, business and political conditions; changes in demand for loan products and deposit flow; operational risks and risk management failures; and government regulation and supervision. Additional factors that may cause actual results to differ materially from those described in the forward-looking statements can be found in the Companys Annual Report on Form 10-K for the year ended December 31, 2020, as well as its other filings with the Securities and Exchange Commission (SEC), which are available on the SECs website at www.sec.gov. Except as required by law, the Company disclaims any obligation to update, revise or correct any forward-looking statements. Accounting standards require the consideration of subsequent events occurring after the balance sheet date for matters that require adjustment to, or disclosure in, the consolidated financial statements. The review period for subsequent events extends up to and including the filing date of a public companys financial statements when filed with the SEC. Accordingly, the consolidated financial information in this announcement is subject to change. Questions or comments concerning this Earnings Release should be directed to: MVB Financial Corp. Donald T. Robinson, Executive Vice President and CFO (304) 598-3500 [email protected] MVB Financial Corp. Financial Highlights Consolidated Statements of Income (Unaudited) (Dollars in thousands, except per share data) Quarterly 2021 2020 2020 First Quarter Fourth Quarter First Quarter Interest income $ 19,063 $ 19,353 $ 20,699 Interest expense 1,558 1,666 4,528 Net interest income 17,505 17,687 16,171 Provision for loan losses 618 214 1,138 Net interest income after provision for loan losses 16,887 17,473 15,033 Total noninterest income 12,458 16,576 10,850 Noninterest expense: Salaries and employee benefits 11,911 12,269 16,182 Other expense 7,207 8,618 8,474 Total noninterest expenses 19,118 20,887 24,656 Income before income taxes 10,227 13,162 1,227 Income tax expense 2,169 1,324 179 Net income before noncontrolling interest 8,058 11,838 1,048 Net loss attributable to noncontrolling interest 27 Net income attributable to parent 8,085 11,838 1,048 Preferred dividends 35 116 114 Net income available to common shareholders $ 8,050 $ 11,722 $ 934 Earnings per share - basic $ 0.70 $ 1.00 $ 0.08 Earnings per share - diluted $ 0.66 $ 0.97 $ 0.08 Condensed Consolidated Balance Sheets (Unaudited) (Dollars in thousands) March 31, 2021 December 31, 2020 March 31, 2020 Cash and cash equivalents $ 339,616 $ 263,893 $ 88,874 Certificates of deposit with banks 11,803 11,803 12,549 Securities available-for-sale, at fair value 423,122 410,624 223,101 Equity securities 28,200 27,585 19,026 Loans held-for-sale 1,062 186,128 Loans receivable 1,694,385 1,453,744 1,396,578 Less: Allowance for loan losses (26,214 ) (25,844 ) (11,161 ) Loans receivable, net 1,668,171 1,427,900 1,385,417 Premises and equipment, net 27,290 26,203 22,329 Goodwill 2,350 2,350 19,630 Assets of branches held for sale 39,137 Other assets 145,537 160,056 103,489 Total assets $ 2,646,089 $ 2,331,476 $ 2,099,680 Noninterest-bearing deposits $ 837,221 $ 715,791 $ 387,536 Interest-bearing deposits 1,379,332 1,266,598 1,210,703 Deposits of branches held for sale 187,807 Borrowed funds 102,185 30,815 Other liabilities 90,668 109,604 71,666 Stockholders' equity, including noncontrolling interest 236,683 239,483 211,153 Total liabilities and stockholders' equity $ 2,646,089 $ 2,331,476 $ 2,099,680 Reportable Segments (Unaudited) Three Months Ended March 31, 2021 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Intercompany Eliminations Consolidated Interest income $ 18,959 $ 104 $ 1 $ (1 ) $ 19,063 Interest expense 1,092 466 1,558 Net interest income (loss) 17,867 104 (465 ) (1 ) 17,505 Provision for loan losses 620 (2 ) 618 Net interest income (loss) after provision for loan losses 17,247 106 (465 ) (1 ) 16,887 Total noninterest income 6,437 6,407 1,581 (1,967 ) 12,458 Noninterest Expenses: Salaries and employee benefits 8,842 3,069 11,911 Other expense 8,029 63 1,083 (1,968 ) 7,207 Total noninterest expenses 16,871 63 4,152 (1,968 ) 19,118 Income (loss) before income taxes 6,813 6,450 (3,036 ) 10,227 Income tax expense (benefit) 1,149 1,564 (544 ) 2,169 Net income (loss) before noncontrolling interest 5,664 4,886 (2,492 ) 8,058 Net income attributable to noncontrolling interest 27 27 Net income (loss) attributable to parent 5,691 4,886 (2,492 ) 8,085 Preferred stock dividends 35 35 Net income (loss) available to common shareholders $ 5,691 $ 4,886 $ (2,527 ) $ $ 8,050 Three Months Ended December 31, 2020 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Intercompany Eliminations Consolidated Interest income $ 19,119 $ 235 $ 1 $ (2 ) $ 19,353 Interest expense 982 3 183 (2 ) 1,166 Net interest income (loss) 18,137 232 (182 ) 18,187 Provision for loan losses 288 (74 ) 214 Net interest income (loss) after provision for loan losses 17,849 306 (182 ) 17,973 Total noninterest income 5,935 10,350 2,021 (2,230 ) 16,076 Noninterest Expenses: Salaries and employee benefits 9,239 3,030 12,269 Other expense 9,126 294 1,428 (2,230 ) 8,618 Total noninterest expenses 18,365 294 4,458 (2,230 ) 20,887 Income (loss) before income taxes 5,419 10,362 (2,619 ) 13,162 Income tax expense (benefit) (584 ) 2,166 (258 ) 1,324 Net income (loss) 6,003 8,196 (2,361 ) 11,838 Preferred stock dividends 116 116 Net income (loss) available to common shareholders $ 6,003 $ 8,196 $ (2,477 ) $ $ 11,722 Three Months Ended March 31, 2020 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Intercompany Eliminations Consolidated Interest income $ 18,774 $ 2,418 $ 1 $ (494 ) $ 20,699 Interest expense 3,838 1,387 35 (732 ) 4,528 Net interest income (loss) 14,936 1,031 (34 ) 238 16,171 Provision for loan losses 1,132 6 1,138 Net interest income (loss) after provision for loan losses 13,804 1,025 (34 ) 238 15,033 Total noninterest income 3,456 7,785 1,504 (1,895 ) 10,850 Noninterest Expenses: Salaries and employee benefits 5,866 7,884 2,432 16,182 Other expense 6,659 2,397 1,075 (1,657 ) 8,474 Total noninterest expenses 12,525 10,281 3,507 (1,657 ) 24,656 Income (loss) before income taxes 4,735 (1,471 ) (2,037 ) 1,227 Income tax expense (benefit) 1,012 (349 ) (484 ) 179 Net income (loss) 3,723 (1,122 ) (1,553 ) 1,048 Preferred stock dividends 114 114 Net income (loss) available to common shareholders $ 3,723 $ (1,122 ) $ (1,667 ) $ $ 934 Average Balances and Interest Rates (Unaudited) (Dollars in thousands) Three Months Ended Three Months Ended Three Months Ended March 31, 2021 December 31, 2020 March 31, 2020 Average Balance Interest Income/ Expense Yield/ Cost Average Balance Interest Income/ Expense Yield/ Cost Average Balance Interest Income/ Expense Yield/ Cost Assets Interest-bearing deposits in banks $ 259,491 $ 65 0.10 % $ 266,999 $ 82 0.12 % $ 13,643 $ 49 1.44 % CDs with other banks 11,803 57 1.96 11,938 58 1.93 12,549 62 1.98 Investment securities: Taxable 172,902 631 1.48 167,968 894 2.12 127,327 666 2.10 Tax-exempt 2 212,488 1,714 3.27 200,666 1,659 3.29 110,188 1,110 4.04 Loans and loans held for sale: 1 Commercial 3 1,262,444 14,171 4.55 1,136,899 13,763 4.82 1,089,212 13,863 5.11 Tax exempt 2 7,205 81 4.56 7,501 92 4.87 11,760 134 4.58 Real estate 293,076 2,684 3.71 287,547 3,073 4.25 429,720 4,953 4.62 Consumer 7,696 37 1.95 6,053 99 6.51 7,473 123 6.60 Total loans 1,570,421 16,973 4.38 1,438,000 17,027 4.71 1,538,165 19,073 4.97 Total earning assets 2,227,105 19,440 3.54 2,085,571 19,720 3.76 1,801,872 20,960 4.67 Less: Allowance for loan losses (26,170 ) (26,568 ) (11,366 ) Cash and due from banks 20,951 22,642 20,766 Other assets 209,995 215,716 136,744 Total assets $ 2,431,881 $ 2,297,361 $ 1,948,016 Liabilities Deposits: NOW $ 518,937 $ 344 0.27 % $ 475,707 $ 446 0.37 % $ 407,462 $ 798 0.79 % Money market checking 487,281 231 0.19 492,519 282 0.23 432,175 1,451 1.35 Savings 39,668 6 0.06 50,821 (2 ) (0.02 ) 36,867 1 0.01 IRAs 12,693 42 1.34 13,410 49 1.45 16,573 78 1.89 CDs 168,951 425 1.02 235,412 679 1.15 334,810 1,582 1.90 Repurchase agreements and federal funds sold 10,249 3 0.12 10,070 4 0.16 9,520 10 0.42 FHLB and other borrowings 46,349 41 0.36 19,589 25 0.51 115,930 573 1.98 Subordinated debt 43,425 466 4.35 17,835 183 4.08 4,124 35 3.40 Total interest-bearing liabilities 1,327,553 1,558 0.48 1,315,368 1,666 0.50 1,385,760 4,528 1.34 Noninterest bearing demand deposits 821,923 686,537 296,651 Other liabilities 45,311 59,841 41,244 Total liabilities 2,194,787 2,061,741 1,723,655 Stockholders equity Preferred stock 2,349 7,334 7,334 Common stock 12,378 12,095 11,920 Paid-in capital 136,864 124,977 121,549 Treasury stock (16,741 ) (5,928 ) (1,084 ) Retained earnings 100,273 98,045 70,570 Accumulated other comprehensive (loss) 1,971 (903 ) (2,453 ) Total stockholders equity 237,094 235,620 207,836 Total liabilities and stockholders equity $ 2,431,881 $ 2,297,361 $ 1,931,491 Net interest spread (tax-equivalent) 3.06 3.26 3.33 Net interest income and margin (tax-equivalent) 2 $ 17,882 3.26 % $ 18,054 3.44 % $ 16,432 3.66 % Less: Tax-equivalent adjustments $ (377 ) $ (367 ) $ (261 ) Net interest spread 3.00 % 3.19 % 3.27 % Net interest income and margin $ 17,505 3.19 % $ 17,687 3.37 % $ 16,171 3.60 % 1 Non-accrual loans are included in total loan balances, lowering the effective yield for the portfolio in the aggregate. 2 In order to make pre-tax income and resultant yields on tax-exempt loans and investment securities comparable to those on taxable loans and investment securities, a tax-equivalent adjustment has been computed using a Federal tax rate of 21% for the periods presented, which is a non-GAAP financial measure. See the reconciliation of this non-GAAP financial measure to its most directly comparable GAAP financial measure following this table. 3 The Companys PPP loans totaling $190.6 million and $82.0 million are included in this amount for the three months ended March 31, 2021 and December 31, 2020, respectively. The following table reconciles, for the periods shown below, net interest margin on a fully tax-equivalent basis: Three Months Ended (Dollars in thousands) March 31, 2021 December 31, 2020 March 31, 2020 Net interest margin - U.S. GAAP basis Net interest income $ 17,505 $ 17,687 $ 16,171 Average interest-earning assets 2,227,105 2,085,571 1,801,872 Net interest margin 3.19 % 3.37 % 3.60 % Net interest margin - non-U.S. GAAP basis Net interest income $ 17,505 $ 17,687 $ 16,171 Plus: Impact of fully tax-equivalent adjustment 377 367 261 Net interest income on a fully tax-equivalent basis 17,882 18,054 16,432 Average interest-earning assets 2,227,105 2,085,571 1,801,872 Net interest margin on a fully tax-equivalent basis 3.26 % 3.44 % 3.66 % Selected Financial Data (Unaudited) (Dollars in thousands, except per share data) Quarterly 2021 2020 2020 First Quarter Fourth Quarter First Quarter Earnings and Per Share Data: Net income $ 8,085 $ 11,838 $ 1,048 Net income available to common shareholders $ 8,050 $ 11,722 $ 934 Earnings per share - basic $ 0.70 $ 1.00 $ 0.08 Earnings per share - diluted $ 0.66 $ 0.97 $ 0.08 Cash dividends paid per common share $ 0.10 $ 0.09 $ 0.09 Book value per common share $ 20.38 $ 20.14 $ 17.08 Tangible book value per common share $ 19.98 $ 19.73 $ 15.16 Weighted-average shares outstanding - basic 11,530,279 11,752,841 11,942,767 Weighted-average shares outstanding - diluted 12,218,899 12,144,471 12,298,092 Performance Ratios: Return on average assets 1 1.3 % 2.1 % 0.2 % Return on average equity 1 13.6 % 20.1 % 2.0 % Net interest margin 2 3 3.26 % 3.44 % 3.66 % Efficiency ratio 4 63.8 % 61.0 % 91.3 % Overhead ratio 1 5 3.1 % 3.6 % 5.1 % Equity to assets 8.9 % 10.3 % 10.1 % Asset Quality Data and Ratios: Charge-offs $ 265 $ 300 $ 1,756 Recoveries $ 17 $ 16 $ 4 Net loan charge-offs to total loans 1 6 0.1 % 0.1 % 0.5 % Allowance for loan losses $ 26,214 $ 25,844 $ 11,161 Allowance for loan losses to total loans 7 1.5 % 1.8 % 0.8 % Nonperforming loans $ 11,577 $ 13,713 $ 5,909 Nonperforming loans to total loans 0.7 % 0.9 % 0.4 % ICM Production Data: Locked pipeline $ 1,428,808 $ 1,536,826 N/A Loans originated $ 2,088,375 $ 2,170,856 N/A Loans closed $ 1,906,026 $ 1,848,845 N/A Loans sold $ 1,778,090 $ 1,733,212 N/A 1 annualized for the quarterly periods presented 2 net interest income as a percentage of average interest earning assets 3 presented on a fully tax-equivalent basis 4 noninterest expense as a percentage of net interest income and noninterest income 5 noninterest expense as a percentage of average assets 6 charge-offs less recoveries 7 excludes loans held for sale Non-GAAP Reconciliation: Tangible Book Value per Common Share (Unaudited) (Dollars in thousands, except per share data) Quarterly 2021 2020 2020 First Quarter Fourth Quarter First Quarter Goodwill $ 2,350 $ 2,350 $ 19,630 Intangibles 2,246 2,400 3,288 Total intangibles 4,596 4,750 22,918 Total equity attributable to parent 236,210 239,483 211,153 Less: Preferred equity (7,334 ) (7,334 ) Less: Total intangibles (4,596 ) (4,750 ) (22,918 ) Tangible common equity 231,614 227,399 180,901 Tangible common equity 231,614 227,399 180,901 Common shares outstanding (000s) 11,590 11,526 11,930 Tangible book value per common share $ 19.98 $ 19.73 $ 15.16
Answer:
|
Strong First Quarter Growth in Loans, Deposits and Investments in Technology is Distancing MVB from the Pack
|
FAIRMONT, W. Va.--(BUSINESS WIRE)--MVB Financial Corp. (NASDAQ: MVBF) (MVB Financial, MVB, or the Company) today reported net income of $8.1 million, or $0.70 basic and $0.66 diluted earnings per share for the three months ended March 31, 2021. Quarterly 2021 2020 2019 First Quarter Fourth Quarter First Quarter Net income $ 8,085 $ 11,838 $ 1,048 Earnings per share - basic $ 0.70 $ 1.00 $ 0.08 Earnings per share - diluted $ 0.66 $ 0.97 $ 0.08 FIRST QUARTER 2021 HIGHLIGHTS FINTECH HIGHLIGHTS MANAGEMENT OVERVIEW Team MVB came out strong in 2021 with net income of $8.1 million for the first quarter and generating notable growth in loans and deposits that are expected to drive profitability now and in the future. Loans, excluding PPP loans, grew $132.1 million, or 9.6%, since December 31, 2020 and $107.2 million since March 31, 2020. The Company continues to recognize vast improvements in its deposit mix by replacing high cost deposits with NIB deposits, which has pushed NIB deposits as a percentage of total deposits to 37.8% as of March 31, 2021. Income related to MVBs equity method investment in Intercoastal Mortgage Company (ICM) generated pre-tax earnings of $6.5 million for the quarter ended March 31, 2021, which allowed significant investments in technology. These investments, including the acquisition of Grand in August 2020, Flexia in January 2021 and Trabian in April 2021, will drive and diversify the Companys future earnings potential, along with the Companys existing consulting subsidiaries, Chartwell Compliance and Paladin Fraud. Building on momentum from the end of 2020, MVBs first quarter growth in loans and deposits sets us apart from the pack, said Larry F. Mazza, President, CEO, MVB Financial. Significant investments in technology including our transactions involving Flexia and Trabian enhance our ability to scale our Gaming, Banking as a Service, Payments and Digital Asset sectors as part of our expanding Fintech vertical. These investments create new revenue streams for MVB and add technological expertise that will benefit MVB and all of our stakeholders. LOANS Loans, excluding PPP loans of $190.6 million, totaled $1.50 billion as of March 31, 2021, an increase of $132.1 million, or 9.6%, from December 31, 2020 and an increase of $107.2 million, or 7.7%, from March 31, 2020. In the fourth quarter of 2020, the Company expanded its lending platform into Small Business Administration (SBA) 7(a) loans with the addition of three lenders. The increase in loans was driven by increased commercial lending production, including the onboarding and uptick of the SBA lending team. During the quarter ended March 31, 2021, the SBA team originated ten 7(a) loans totaling $9.7 million. Of these loans, three loans totaling $2.8 million were sold for a gain on sale of $0.4 million. The Company expects the SBA team to ramp up production to approximately $100 million in the teams first full year. The tax-equivalent yield on loans, including PPP loans, was 4.4% for the quarter ended March 31, 2021, a decrease of 33 basis points from the quarter ended December 31, 2020 and a decrease of 59 basis points from the quarter ended March 31, 2020. These decreases were primarily the result of a decrease in the yield on commercial loans. DEPOSITS Deposits totaled $2.22 billion as of March 31, 2021, an increase of $234.2 million, or 11.8%, from December 31, 2020 and an increase of $618.3 million, or 38.7%, from March 31, 2020. NIB deposits totaled $837.2 million as of March 31, 2021, an increase of $121.4 million, or 17.0%, from December 31, 2020 and an increase of $449.7 million, or 116.0%, from March 31, 2020. NET INTEREST INCOME Net interest income for the quarter ended March 31, 2021 was $17.5 million, a decrease of $0.2 million, or 1.0%, from the quarter ended December 31, 2020 and an increase of $1.3 million, or 8.2%, from the quarter ended March 31, 2020. Net interest margin, on a fully tax-equivalent basis, for the quarter ended March 31, 2021 was 3.26%, a decrease of 18 basis points versus the quarter ended December 31, 2020 and a decrease of 40 basis points versus the quarter ended March 31, 2020. Net interest margin was primarily impacted by excess liquidity and PPP loans. For the quarter ended March 31, 2021, the excess liquidity from increased cash balances accounted for 35 basis points of the decrease and the PPP loans accounted for 10 basis points of the decrease. The tax-equivalent adjustments are added to net interest income and were $0.4 million for the quarter ended March 31, 2021, $0.4 million for the quarter ended December 31, 2020 and $0.3 million for the quarter ended March 31, 2020. Excluding the impact from the April 2020 acquisition of The First State Bank (First State), the fully-tax equivalent net interest margin for the quarter ended March 31, 2021 would have decreased six basis points. Interest income decreased $0.3 million, or 1.5%, compared to the quarter ended December 31, 2020 and $1.6 million, or 7.9%, compared to the quarter ended March 31, 2020. The 27-basis point decrease in the yield on commercial loans and the 29-basis point decrease in the yield on investments drove the 22-basis point decrease in the tax-equivalent yield on earning assets compared to the quarter ended December 31, 2020. The 56-basis point decrease in the yield on commercial loans and the 53-basis point decrease in the yield on investments drove the 113-basis point decrease in the tax-equivalent yield on earning assets compared to the quarter ended March 31, 2020. Interest expense decreased $0.1 million, or 6.5%, compared to the quarter ended December 31, 2020 and $3.0 million, or 65.6%, compared to the quarter ended March 31, 2020. The two-basis point decrease in the cost of interest-bearing liabilities compared to the quarter ended December 31, 2020 was driven by a 11-basis point decrease in the cost of deposits and partially offset by a 27-basis point increase in the cost of subordinated debt. The 86-basis point decrease in the cost of interest-bearing liabilities compared to the quarter ended March 31, 2020 was driven by a 93-basis point decrease in the cost of deposits. An increase in the Company's average NIB balances of $135.4 million from the quarter ended December 31, 2020 helped to maintain a 20-basis point favorable spread on the tax-equivalent net interest margin for the quarter ended March 31, 2021, compared to a 18-basis point favorable spread for the quarter ended December 31, 2020. An increase in the Companys average NIB balances of $490.0 million from the quarter ended March 31, 2020 helped to maintain a 20-basis point favorable spread on the tax-equivalent net interest margin in 2020 compared to a 33-basis point favorable spread for the same period in 2020. ASSET QUALITY Provision for loan losses totaled $0.6 million for the quarter ended March 31, 2021, an increase of $0.4 million, or 188.8%, from the quarter ended December 31, 2020 and a decrease of $0.5 million, or 45.7%, from the quarter ended March 31, 2020. As a result of the changes in provision, allowance for loan losses to total loans, excluding the fair value mark totaling $16.9 million on the loans acquired from First State, was 1.5% as of March 31, 2021, a decrease of 23 basis points from December 31, 2020 and an increase of 75 basis points from March 31, 2020. Excluding PPP loans of $190.6 million, allowance for loan losses to total loans was 1.7% as of March 31, 2021. The Company continues to evaluate the effects of COVID-19 as it relates to the asset quality of the loan portfolio and will continue to evaluate and assess the need for additional loan loss provision during the remainder of 2021. Nonperforming loans totaled $11.6 million, or 0.7% of total loans, as of March 31, 2021, compared to 0.9% of total loans as of December 31, 2020 and compared to 0.4% of total loans as of March 31, 2020. In addition, net charge-offs for the quarter ended March 31, 2021 decreased $0.04 million compared to the quarter ended December 31, 2020 and decreased $1.5 million compared to the quarter ended March 31, 2020. Commercial loan modifications and mortgage loan modifications also continue to decrease and totaled $34.7 million and $9.0 million, respectively, as of March 31, 2021. These modifications include interest-only payments and payment deferrals. Of the current commercial loan modifications, $32.5 million were related to the hotel portfolio and all related payments are current. These modifications were not considered to be troubled debt restructurings. NONINTEREST INCOME Noninterest income totaled $12.5 million for the quarter ended March 31, 2021, a decrease of $4.1 million, or 24.8%, from the quarter ended December 31, 2020 and an increase of $1.6 million, or 14.8%, from the quarter ended March 31, 2020. The $4.1 million decrease in noninterest income from the quarter ended December 31, 2020 was due to a decrease of $4.1 million in equity method investment income related to the Companys investment in ICM and a decrease of $3.5 million in the gain on sale of equity securities. These decreases were partially offset by an increase of $1.1 million in the gain on sale of available-for-sale securities. Additionally in the fourth quarter of 2020, the Company recognized $1.0 million in the loss on extinguishment of debt related to the prepayment of Federal Home Loan Bank borrowings. The $1.6 million increase in noninterest income from the quarter ended March 31, 2020 was due to increases of $6.5 million in equity method investment income related to the Companys investment in ICM, $0.9 million in payment card and service charge income, $0.9 million in the gain on sale of available-for-sale securities and $0.5 million in the holding gain on equity securities. These increases were partially offset by a decrease of $7.6 million in mortgage-related income due to the transition to the equity method from the mortgage combination with ICM that occurred in July 2020. The Company expects continued growth in payment card and service charge income as a result of several sponsoring agreements and new products and services as a result of recent investments in Fintech capabilities. NONINTEREST EXPENSE Noninterest expense totaled $19.1 million for the quarter ended March 31, 2021, a decrease of $1.8 million, or 8.5%, from the quarter ended December 31, 2020 and a decrease of $5.5 million, or 22.5%, from the quarter ended March 31, 2020. The $1.8 million decrease in noninterest expense from the quarter ended December 31, 2020 was due to decreases of $0.8 million in professional fees, $0.4 million in salaries and employee benefits, $0.2 million in data processing and communications and $0.1 million in marketing, contributions, and sponsorships. The $5.5 million decrease in noninterest expense from the quarter ended March 31, 2020 was due to decreases of $4.3 million in salaries and employee benefits and $0.9 million in mortgage processing expense. The mortgage transaction that occurred in July 2020 had the largest impact to the decreases noted as a result of the transition to the equity method accounting. STRATEGIC TRANSACTIONS In January 2021, the Company acquired a majority interest in Flexia. MVB invested approximately $2.5 million for its 80% interest. Flexias platform allows users to access a reloadable account that combines a debit account and casino gaming accounts into one card, allowing them for non-cash transactions at participating casinos. In April 2021, the Company announced the acquisition of a majority interest in Trabian for 17,597 shares of MVB stock and an undisclosed amount of cash. Founded in 2003, Trabian builds digital products, web and mobile applications for forward-thinking community banks, credit unions, digital banks and Fintechs. PREFERRED STOCK REDEMPTION As previously announced, the Company issued a notice of redemption to redeem all of the Companys outstanding shares of Convertible Noncumulative Perpetual Preferred Stock. In January 2021, all preferred stock totaling $7.3 million was redeemed. DIVIDEND As previously announced on February 17, 2021, MVB issued its first quarterly dividend for 2021, including an increase of 11.1% compared to the previous quarters dividend. The Company declared a quarterly cash dividend of $0.10 per share payable on March 15, 2021 to shareholders of record at the close of business on March 1, 2021. SUBSEQUENT EVENTS In addition to the Trabian acquisition discussed earlier, the Bank entered into a Purchase and Assumption Agreement with Summit Community Bank, Inc. (Summit) pursuant to which Summit will purchase certain assets and assume certain liabilities of four branch locations in Cabell, Kanawha, and Putnam counties in West Virginia. Per the agreement, Summit will assume approximately $190 million in deposits and will acquire approximately $60 million in loans, as well as cash, real property, personal property and other fixed assets. The purchase price will be calculated at closing and includes a 6% premium on the deposits assumed. The Bank expects to close this purchase early in the third quarter of 2021. About MVB Financial Corp. MVB Financial Corp. (MVB Financial or MVB), the holding company of MVB Bank, Inc., is publicly traded on The Nasdaq Capital Market (Nasdaq) under the ticker MVBF. MVB is a financial holding company headquartered in Fairmont, WV. Through its subsidiary, MVB Bank, Inc., and the banks subsidiaries, MVB Technology, the MVB Community Development Corporation, Chartwell Compliance and Paladin Fraud, the Company provides financial services to individuals and corporate clients in the Mid-Atlantic region and beyond. Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. For more information about MVB, please visit ir.mvbbanking.com. Forward-looking Statements MVB Financial has made forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, in this press release that are intended to be covered by the protections provided under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations about the future and subject to risks and uncertainties. Forward-looking statements include, without limitation, information concerning possible or assumed future results of operations of the Company and its subsidiaries. Forward-looking statements can be identified by the use of words such as may, could, should,, would, will, plans, believes, estimates, expects, anticipates, intends, continues or the negative of those terms or similar expressions. Note that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause those results to differ materially from those expressed in forward-looking statements. Therefore, undue reliance should not be placed upon any forward-looking statements. Those factors include but are not limited to: market, economic, operational, liquidity and credit risk; changes in market interest rates; inability to achieve anticipated synergies and successfully integrate recent mergers and acquisitions; inability to successfully execute business plans, including strategies related to investments in financial technology companies; competition; length and severity of the COVID-19 pandemic and its impact on the Companys business and financial condition; changes in economic, business and political conditions; changes in demand for loan products and deposit flow; operational risks and risk management failures; and government regulation and supervision. Additional factors that may cause actual results to differ materially from those described in the forward-looking statements can be found in the Companys Annual Report on Form 10-K for the year ended December 31, 2020, as well as its other filings with the Securities and Exchange Commission (SEC), which are available on the SECs website at www.sec.gov. Except as required by law, the Company disclaims any obligation to update, revise or correct any forward-looking statements. Accounting standards require the consideration of subsequent events occurring after the balance sheet date for matters that require adjustment to, or disclosure in, the consolidated financial statements. The review period for subsequent events extends up to and including the filing date of a public companys financial statements when filed with the SEC. Accordingly, the consolidated financial information in this announcement is subject to change. Questions or comments concerning this Earnings Release should be directed to: MVB Financial Corp. Donald T. Robinson, Executive Vice President and CFO (304) 598-3500 [email protected] MVB Financial Corp. Financial Highlights Consolidated Statements of Income (Unaudited) (Dollars in thousands, except per share data) Quarterly 2021 2020 2020 First Quarter Fourth Quarter First Quarter Interest income $ 19,063 $ 19,353 $ 20,699 Interest expense 1,558 1,666 4,528 Net interest income 17,505 17,687 16,171 Provision for loan losses 618 214 1,138 Net interest income after provision for loan losses 16,887 17,473 15,033 Total noninterest income 12,458 16,576 10,850 Noninterest expense: Salaries and employee benefits 11,911 12,269 16,182 Other expense 7,207 8,618 8,474 Total noninterest expenses 19,118 20,887 24,656 Income before income taxes 10,227 13,162 1,227 Income tax expense 2,169 1,324 179 Net income before noncontrolling interest 8,058 11,838 1,048 Net loss attributable to noncontrolling interest 27 Net income attributable to parent 8,085 11,838 1,048 Preferred dividends 35 116 114 Net income available to common shareholders $ 8,050 $ 11,722 $ 934 Earnings per share - basic $ 0.70 $ 1.00 $ 0.08 Earnings per share - diluted $ 0.66 $ 0.97 $ 0.08 Condensed Consolidated Balance Sheets (Unaudited) (Dollars in thousands) March 31, 2021 December 31, 2020 March 31, 2020 Cash and cash equivalents $ 339,616 $ 263,893 $ 88,874 Certificates of deposit with banks 11,803 11,803 12,549 Securities available-for-sale, at fair value 423,122 410,624 223,101 Equity securities 28,200 27,585 19,026 Loans held-for-sale 1,062 186,128 Loans receivable 1,694,385 1,453,744 1,396,578 Less: Allowance for loan losses (26,214 ) (25,844 ) (11,161 ) Loans receivable, net 1,668,171 1,427,900 1,385,417 Premises and equipment, net 27,290 26,203 22,329 Goodwill 2,350 2,350 19,630 Assets of branches held for sale 39,137 Other assets 145,537 160,056 103,489 Total assets $ 2,646,089 $ 2,331,476 $ 2,099,680 Noninterest-bearing deposits $ 837,221 $ 715,791 $ 387,536 Interest-bearing deposits 1,379,332 1,266,598 1,210,703 Deposits of branches held for sale 187,807 Borrowed funds 102,185 30,815 Other liabilities 90,668 109,604 71,666 Stockholders' equity, including noncontrolling interest 236,683 239,483 211,153 Total liabilities and stockholders' equity $ 2,646,089 $ 2,331,476 $ 2,099,680 Reportable Segments (Unaudited) Three Months Ended March 31, 2021 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Intercompany Eliminations Consolidated Interest income $ 18,959 $ 104 $ 1 $ (1 ) $ 19,063 Interest expense 1,092 466 1,558 Net interest income (loss) 17,867 104 (465 ) (1 ) 17,505 Provision for loan losses 620 (2 ) 618 Net interest income (loss) after provision for loan losses 17,247 106 (465 ) (1 ) 16,887 Total noninterest income 6,437 6,407 1,581 (1,967 ) 12,458 Noninterest Expenses: Salaries and employee benefits 8,842 3,069 11,911 Other expense 8,029 63 1,083 (1,968 ) 7,207 Total noninterest expenses 16,871 63 4,152 (1,968 ) 19,118 Income (loss) before income taxes 6,813 6,450 (3,036 ) 10,227 Income tax expense (benefit) 1,149 1,564 (544 ) 2,169 Net income (loss) before noncontrolling interest 5,664 4,886 (2,492 ) 8,058 Net income attributable to noncontrolling interest 27 27 Net income (loss) attributable to parent 5,691 4,886 (2,492 ) 8,085 Preferred stock dividends 35 35 Net income (loss) available to common shareholders $ 5,691 $ 4,886 $ (2,527 ) $ $ 8,050 Three Months Ended December 31, 2020 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Intercompany Eliminations Consolidated Interest income $ 19,119 $ 235 $ 1 $ (2 ) $ 19,353 Interest expense 982 3 183 (2 ) 1,166 Net interest income (loss) 18,137 232 (182 ) 18,187 Provision for loan losses 288 (74 ) 214 Net interest income (loss) after provision for loan losses 17,849 306 (182 ) 17,973 Total noninterest income 5,935 10,350 2,021 (2,230 ) 16,076 Noninterest Expenses: Salaries and employee benefits 9,239 3,030 12,269 Other expense 9,126 294 1,428 (2,230 ) 8,618 Total noninterest expenses 18,365 294 4,458 (2,230 ) 20,887 Income (loss) before income taxes 5,419 10,362 (2,619 ) 13,162 Income tax expense (benefit) (584 ) 2,166 (258 ) 1,324 Net income (loss) 6,003 8,196 (2,361 ) 11,838 Preferred stock dividends 116 116 Net income (loss) available to common shareholders $ 6,003 $ 8,196 $ (2,477 ) $ $ 11,722 Three Months Ended March 31, 2020 (Dollars in thousands) Commercial & Retail Banking Mortgage Banking Financial Holding Company Intercompany Eliminations Consolidated Interest income $ 18,774 $ 2,418 $ 1 $ (494 ) $ 20,699 Interest expense 3,838 1,387 35 (732 ) 4,528 Net interest income (loss) 14,936 1,031 (34 ) 238 16,171 Provision for loan losses 1,132 6 1,138 Net interest income (loss) after provision for loan losses 13,804 1,025 (34 ) 238 15,033 Total noninterest income 3,456 7,785 1,504 (1,895 ) 10,850 Noninterest Expenses: Salaries and employee benefits 5,866 7,884 2,432 16,182 Other expense 6,659 2,397 1,075 (1,657 ) 8,474 Total noninterest expenses 12,525 10,281 3,507 (1,657 ) 24,656 Income (loss) before income taxes 4,735 (1,471 ) (2,037 ) 1,227 Income tax expense (benefit) 1,012 (349 ) (484 ) 179 Net income (loss) 3,723 (1,122 ) (1,553 ) 1,048 Preferred stock dividends 114 114 Net income (loss) available to common shareholders $ 3,723 $ (1,122 ) $ (1,667 ) $ $ 934 Average Balances and Interest Rates (Unaudited) (Dollars in thousands) Three Months Ended Three Months Ended Three Months Ended March 31, 2021 December 31, 2020 March 31, 2020 Average Balance Interest Income/ Expense Yield/ Cost Average Balance Interest Income/ Expense Yield/ Cost Average Balance Interest Income/ Expense Yield/ Cost Assets Interest-bearing deposits in banks $ 259,491 $ 65 0.10 % $ 266,999 $ 82 0.12 % $ 13,643 $ 49 1.44 % CDs with other banks 11,803 57 1.96 11,938 58 1.93 12,549 62 1.98 Investment securities: Taxable 172,902 631 1.48 167,968 894 2.12 127,327 666 2.10 Tax-exempt 2 212,488 1,714 3.27 200,666 1,659 3.29 110,188 1,110 4.04 Loans and loans held for sale: 1 Commercial 3 1,262,444 14,171 4.55 1,136,899 13,763 4.82 1,089,212 13,863 5.11 Tax exempt 2 7,205 81 4.56 7,501 92 4.87 11,760 134 4.58 Real estate 293,076 2,684 3.71 287,547 3,073 4.25 429,720 4,953 4.62 Consumer 7,696 37 1.95 6,053 99 6.51 7,473 123 6.60 Total loans 1,570,421 16,973 4.38 1,438,000 17,027 4.71 1,538,165 19,073 4.97 Total earning assets 2,227,105 19,440 3.54 2,085,571 19,720 3.76 1,801,872 20,960 4.67 Less: Allowance for loan losses (26,170 ) (26,568 ) (11,366 ) Cash and due from banks 20,951 22,642 20,766 Other assets 209,995 215,716 136,744 Total assets $ 2,431,881 $ 2,297,361 $ 1,948,016 Liabilities Deposits: NOW $ 518,937 $ 344 0.27 % $ 475,707 $ 446 0.37 % $ 407,462 $ 798 0.79 % Money market checking 487,281 231 0.19 492,519 282 0.23 432,175 1,451 1.35 Savings 39,668 6 0.06 50,821 (2 ) (0.02 ) 36,867 1 0.01 IRAs 12,693 42 1.34 13,410 49 1.45 16,573 78 1.89 CDs 168,951 425 1.02 235,412 679 1.15 334,810 1,582 1.90 Repurchase agreements and federal funds sold 10,249 3 0.12 10,070 4 0.16 9,520 10 0.42 FHLB and other borrowings 46,349 41 0.36 19,589 25 0.51 115,930 573 1.98 Subordinated debt 43,425 466 4.35 17,835 183 4.08 4,124 35 3.40 Total interest-bearing liabilities 1,327,553 1,558 0.48 1,315,368 1,666 0.50 1,385,760 4,528 1.34 Noninterest bearing demand deposits 821,923 686,537 296,651 Other liabilities 45,311 59,841 41,244 Total liabilities 2,194,787 2,061,741 1,723,655 Stockholders equity Preferred stock 2,349 7,334 7,334 Common stock 12,378 12,095 11,920 Paid-in capital 136,864 124,977 121,549 Treasury stock (16,741 ) (5,928 ) (1,084 ) Retained earnings 100,273 98,045 70,570 Accumulated other comprehensive (loss) 1,971 (903 ) (2,453 ) Total stockholders equity 237,094 235,620 207,836 Total liabilities and stockholders equity $ 2,431,881 $ 2,297,361 $ 1,931,491 Net interest spread (tax-equivalent) 3.06 3.26 3.33 Net interest income and margin (tax-equivalent) 2 $ 17,882 3.26 % $ 18,054 3.44 % $ 16,432 3.66 % Less: Tax-equivalent adjustments $ (377 ) $ (367 ) $ (261 ) Net interest spread 3.00 % 3.19 % 3.27 % Net interest income and margin $ 17,505 3.19 % $ 17,687 3.37 % $ 16,171 3.60 % 1 Non-accrual loans are included in total loan balances, lowering the effective yield for the portfolio in the aggregate. 2 In order to make pre-tax income and resultant yields on tax-exempt loans and investment securities comparable to those on taxable loans and investment securities, a tax-equivalent adjustment has been computed using a Federal tax rate of 21% for the periods presented, which is a non-GAAP financial measure. See the reconciliation of this non-GAAP financial measure to its most directly comparable GAAP financial measure following this table. 3 The Companys PPP loans totaling $190.6 million and $82.0 million are included in this amount for the three months ended March 31, 2021 and December 31, 2020, respectively. The following table reconciles, for the periods shown below, net interest margin on a fully tax-equivalent basis: Three Months Ended (Dollars in thousands) March 31, 2021 December 31, 2020 March 31, 2020 Net interest margin - U.S. GAAP basis Net interest income $ 17,505 $ 17,687 $ 16,171 Average interest-earning assets 2,227,105 2,085,571 1,801,872 Net interest margin 3.19 % 3.37 % 3.60 % Net interest margin - non-U.S. GAAP basis Net interest income $ 17,505 $ 17,687 $ 16,171 Plus: Impact of fully tax-equivalent adjustment 377 367 261 Net interest income on a fully tax-equivalent basis 17,882 18,054 16,432 Average interest-earning assets 2,227,105 2,085,571 1,801,872 Net interest margin on a fully tax-equivalent basis 3.26 % 3.44 % 3.66 % Selected Financial Data (Unaudited) (Dollars in thousands, except per share data) Quarterly 2021 2020 2020 First Quarter Fourth Quarter First Quarter Earnings and Per Share Data: Net income $ 8,085 $ 11,838 $ 1,048 Net income available to common shareholders $ 8,050 $ 11,722 $ 934 Earnings per share - basic $ 0.70 $ 1.00 $ 0.08 Earnings per share - diluted $ 0.66 $ 0.97 $ 0.08 Cash dividends paid per common share $ 0.10 $ 0.09 $ 0.09 Book value per common share $ 20.38 $ 20.14 $ 17.08 Tangible book value per common share $ 19.98 $ 19.73 $ 15.16 Weighted-average shares outstanding - basic 11,530,279 11,752,841 11,942,767 Weighted-average shares outstanding - diluted 12,218,899 12,144,471 12,298,092 Performance Ratios: Return on average assets 1 1.3 % 2.1 % 0.2 % Return on average equity 1 13.6 % 20.1 % 2.0 % Net interest margin 2 3 3.26 % 3.44 % 3.66 % Efficiency ratio 4 63.8 % 61.0 % 91.3 % Overhead ratio 1 5 3.1 % 3.6 % 5.1 % Equity to assets 8.9 % 10.3 % 10.1 % Asset Quality Data and Ratios: Charge-offs $ 265 $ 300 $ 1,756 Recoveries $ 17 $ 16 $ 4 Net loan charge-offs to total loans 1 6 0.1 % 0.1 % 0.5 % Allowance for loan losses $ 26,214 $ 25,844 $ 11,161 Allowance for loan losses to total loans 7 1.5 % 1.8 % 0.8 % Nonperforming loans $ 11,577 $ 13,713 $ 5,909 Nonperforming loans to total loans 0.7 % 0.9 % 0.4 % ICM Production Data: Locked pipeline $ 1,428,808 $ 1,536,826 N/A Loans originated $ 2,088,375 $ 2,170,856 N/A Loans closed $ 1,906,026 $ 1,848,845 N/A Loans sold $ 1,778,090 $ 1,733,212 N/A 1 annualized for the quarterly periods presented 2 net interest income as a percentage of average interest earning assets 3 presented on a fully tax-equivalent basis 4 noninterest expense as a percentage of net interest income and noninterest income 5 noninterest expense as a percentage of average assets 6 charge-offs less recoveries 7 excludes loans held for sale Non-GAAP Reconciliation: Tangible Book Value per Common Share (Unaudited) (Dollars in thousands, except per share data) Quarterly 2021 2020 2020 First Quarter Fourth Quarter First Quarter Goodwill $ 2,350 $ 2,350 $ 19,630 Intangibles 2,246 2,400 3,288 Total intangibles 4,596 4,750 22,918 Total equity attributable to parent 236,210 239,483 211,153 Less: Preferred equity (7,334 ) (7,334 ) Less: Total intangibles (4,596 ) (4,750 ) (22,918 ) Tangible common equity 231,614 227,399 180,901 Tangible common equity 231,614 227,399 180,901 Common shares outstanding (000s) 11,590 11,526 11,930 Tangible book value per common share $ 19.98 $ 19.73 $ 15.16
|
edtsum5231
|
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: ORRVILLE, Ohio, Feb. 15, 2021 /PRNewswire/ --The J.M. Smucker Co. (NYSE: SJM) introduced an evolved set of environmental, social and governance (ESG) priorities today to reflect its sharpened focus on addressing issues that impact the quality of life of millions of people and pets. "The quality of life of too many people and pets is suffering because they lack access to basic needs and opportunities that many of us take for granted," said Mark Smucker, President and Chief Executive Officer. "While supporting our communities, employees and the planet has always been part of our DNA, we feel we can enhance our efforts to help more of our constituents thrive. These evolved priorities will help us harness our financial resources, expertise, partnerships and the incredible passion of our employees to further strengthen our role in addressing some of the critical issues we face as a society." Informed by our passions as a Company, our unique strengths and a recent multi-stakeholder issue assessment, the Company's evolved Thriving Together agenda prioritizes improving the quality of life for people and pets by helping to meet their needs for: Quality Food: Through the safe production and distribution of its products, partnerships with farmers and growers, and support of hunger-related organizations, Smucker will enhance its recent efforts to help ensure people and pets have consistent access to trusted, quality food. Education: Smucker will build upon its long-term initiatives to partner with organizations that are committed to creating or improving access to educational and skill development opportunities. Equitable & Ethical Treatment: Through training and hiring practices, advocacy and responsible sourcing initiatives, Smucker will accelerate its current efforts to ensure underrepresented and vulnerable groups are treated equitably and ethically. Community Resources: Smucker will increase its efforts to create and strengthen access to vital community resources, including disaster relief, child development and emotional support services. Healthier Planet: Through a more sustainable approach to its operations as well as its value chain, Smucker will expand its efforts to help create a healthier planet for future generations. More details on The J.M. Smucker Co.'s Thriving Together agenda can be found on the Company's website: https://www.jmsmucker.com/our-impact. As part of its enhanced commitment to ESG efforts, the Company has published its first set of formal ESG disclosures leveraging the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-Related Financial Disclosures (TCFD) frameworks. These disclosures can be found at https://investors.jmsmucker.com/2021. Later this year, Smucker anticipates being able to confirm it achieved its 2020 Environmental Impact goals and will provide an update on its plans to deliver against its evolved Thriving Together priorities. About The J.M. Smucker Co.Each generation of consumers leaves their mark on culture by establishing new expectations for food and the companies that make it. At The J.M. Smucker Co., it is our privilege to be at the heart of this dynamic with a diverse portfolio that appeals to each generation of people and pets and is found in nearly 90 percent of U.S. homes and countless restaurants. This includes a mix of iconic brands consumers have always loved such as Folgers, Jif and Milk-Bone and new favorites like Caf Bustelo, Smucker's Uncrustables and Rachael Ray Nutrish. By continuing to immerse ourselves in consumer preferences and acting responsibly, we will continue growing our business and the positive impact we have on society. For more information, please visitjmsmucker.com. TheJ.M. Smucker Co.is the owner of all trademarks referenced herein except forRachael Ray, a registered trademark ofRay Marks II LLC, which is used under license. SOURCE The J.M. Smucker Co. Related Links http://www.jmsmucker.com
Answer:
|
The J.M. Smucker Co. Introduces Evolved Thriving Together Priorities, ESG Disclosures
|
ORRVILLE, Ohio, Feb. 15, 2021 /PRNewswire/ --The J.M. Smucker Co. (NYSE: SJM) introduced an evolved set of environmental, social and governance (ESG) priorities today to reflect its sharpened focus on addressing issues that impact the quality of life of millions of people and pets. "The quality of life of too many people and pets is suffering because they lack access to basic needs and opportunities that many of us take for granted," said Mark Smucker, President and Chief Executive Officer. "While supporting our communities, employees and the planet has always been part of our DNA, we feel we can enhance our efforts to help more of our constituents thrive. These evolved priorities will help us harness our financial resources, expertise, partnerships and the incredible passion of our employees to further strengthen our role in addressing some of the critical issues we face as a society." Informed by our passions as a Company, our unique strengths and a recent multi-stakeholder issue assessment, the Company's evolved Thriving Together agenda prioritizes improving the quality of life for people and pets by helping to meet their needs for: Quality Food: Through the safe production and distribution of its products, partnerships with farmers and growers, and support of hunger-related organizations, Smucker will enhance its recent efforts to help ensure people and pets have consistent access to trusted, quality food. Education: Smucker will build upon its long-term initiatives to partner with organizations that are committed to creating or improving access to educational and skill development opportunities. Equitable & Ethical Treatment: Through training and hiring practices, advocacy and responsible sourcing initiatives, Smucker will accelerate its current efforts to ensure underrepresented and vulnerable groups are treated equitably and ethically. Community Resources: Smucker will increase its efforts to create and strengthen access to vital community resources, including disaster relief, child development and emotional support services. Healthier Planet: Through a more sustainable approach to its operations as well as its value chain, Smucker will expand its efforts to help create a healthier planet for future generations. More details on The J.M. Smucker Co.'s Thriving Together agenda can be found on the Company's website: https://www.jmsmucker.com/our-impact. As part of its enhanced commitment to ESG efforts, the Company has published its first set of formal ESG disclosures leveraging the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-Related Financial Disclosures (TCFD) frameworks. These disclosures can be found at https://investors.jmsmucker.com/2021. Later this year, Smucker anticipates being able to confirm it achieved its 2020 Environmental Impact goals and will provide an update on its plans to deliver against its evolved Thriving Together priorities. About The J.M. Smucker Co.Each generation of consumers leaves their mark on culture by establishing new expectations for food and the companies that make it. At The J.M. Smucker Co., it is our privilege to be at the heart of this dynamic with a diverse portfolio that appeals to each generation of people and pets and is found in nearly 90 percent of U.S. homes and countless restaurants. This includes a mix of iconic brands consumers have always loved such as Folgers, Jif and Milk-Bone and new favorites like Caf Bustelo, Smucker's Uncrustables and Rachael Ray Nutrish. By continuing to immerse ourselves in consumer preferences and acting responsibly, we will continue growing our business and the positive impact we have on society. For more information, please visitjmsmucker.com. TheJ.M. Smucker Co.is the owner of all trademarks referenced herein except forRachael Ray, a registered trademark ofRay Marks II LLC, which is used under license. SOURCE The J.M. Smucker Co. Related Links http://www.jmsmucker.com
|
edtsum5235
|
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)--New York Life, Americas largest mutual life insurer1, today announced that the company has declared a dividend payout of $1.8 billion to eligible participating policyholders in 2021, the second largest in company history. The ability to pay a dividend in excess of the guarantees provided to policy owners on their cash value growth for a 167th consecutive year underscores New York Lifes focused business strategy, long-term investment approach, and enduring financial strength2. New York Life Chairman and CEO Ted Mathas said: Despite the headwinds posed by the global pandemic, historically low interest rates, and an economic downturn in 2020, New York Life maintains a position of incredible strength, benefiting from 175 years of experience navigating challenging financial and societal moments. As always, our unwavering focus remains on our core purpose to be there when our policy owners need us most and on providing financial security and peace of mind to millions of families and individuals for decades to come. While we could not have predicted the events of 2020, we are built for times like these, and our second largest dividend payout ever is a powerful testament to that fact. New York Life remains one of only two life insurance companies with the highest financial strength ratings currently awarded to any U.S. life insurer by all four major rating agencies3, out of 800 life insurers operating in the United States today. In addition, surplus and asset valuation reserve remains strong, bolstered by the companys ability to strategically manage its $277.83 billion general account4. New York Lifes foundational life insurance franchise is complemented by strategic businesses that deliver diversified revenue streams. These revenues contribute to surplus, dividends, and earnings and can help mitigate the impact of todays historically low interest rate environment. Based on the companys unsurpassed financial strength and diversified business model, New York Life is uniquely positioned to deliver on its promises to policyholders. We are strategic and purposeful in how we adapt and evolve at New York Life, without losing sight of who we are and who we serve, Mathas said. This is demonstrated by our ongoing dedication to the power of human guidance delivered by New York Lifes industry leading agent force5 of over 12,000 financial professionals. New York Life will also pay dividends on participating Mutual Income Annuities for the fifth consecutive year6. Paying dividends delivers on the value proposition inherent in New York Life Mutual Income Annuities which combines guaranteed income with the potential for additional income through dividends. As income annuities have grown to become a core retirement solution for millions of Americans, New York Life and its subsidiaries remain a leading income annuity provider according to LIMRA7. For the first time, New York Life will pay dividends on NYL My Care, a standalone long-term care product introduced in 2018. NYL My Care policy owners who have reached their third policy anniversary will receive a dividend in 20218. For policy owners, the 2021 dividend payout confirms their decision to purchase participating life insurance from New York Life. Dividends can add value to a life insurance policy in several ways. As policy owners financial needs change over time, many use dividends to increase life insurance coverage without additional underwriting (known as Paid-Up Additions, or PUAs). By choosing PUAs, policy owners may purchase additional cash value and death benefit, and their money continues to grow income tax deferred. PUAs are also eligible to receive dividends. Dividends can also be used to pay a portion of premiums, thus lowering out-of-pocket costs; taken in the form of a check to be used any way a policy owner sees fit; or left on deposit with the company where dividend amounts can earn interest. About New York Life New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States1 and one of the largest life insurers in the world. Headquartered in New York City, New York Lifes family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies.3 1 Based on revenue as reported by Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual), Fortune magazine, 5/18/2020. For methodology, please see http://fortune.com/fortune500/. 2 Dividends are not guaranteed. 3 Individual independent rating agency commentaries as of 10/15/2020: A.M. Best (A++), Fitch (AAA), Moodys Investors Service (Aaa), Standard & Poors (AA+). 4 Surplus and general account as of 9/30/2020. 5 New York Life leads U.S. membership in the Million Dollar Round Table (MDRT), the Premier Association of Financial Professionals. 6 Annuity premiums are invested in a portfolio that is separate and distinct from the life insurance portfolio and has its own dividend scale. 7 Source: LIMRA as of 12/31/2019. 8 The dividends paid on NYL My Care are payable as a premium offset, or if on claim, as an increase in the benefit pool.
Answer:
|
New York Life Announces Second Largest Dividend in Company History with $1.8 Billion Total Dividend Payout to Policy Owners in 2021 New York Lifes commitment to financial strength, mutuality, and delivering long-term value to policy owners is reflected in the company paying a dividend for a 167th consecutive year
|
NEW YORK--(BUSINESS WIRE)--New York Life, Americas largest mutual life insurer1, today announced that the company has declared a dividend payout of $1.8 billion to eligible participating policyholders in 2021, the second largest in company history. The ability to pay a dividend in excess of the guarantees provided to policy owners on their cash value growth for a 167th consecutive year underscores New York Lifes focused business strategy, long-term investment approach, and enduring financial strength2. New York Life Chairman and CEO Ted Mathas said: Despite the headwinds posed by the global pandemic, historically low interest rates, and an economic downturn in 2020, New York Life maintains a position of incredible strength, benefiting from 175 years of experience navigating challenging financial and societal moments. As always, our unwavering focus remains on our core purpose to be there when our policy owners need us most and on providing financial security and peace of mind to millions of families and individuals for decades to come. While we could not have predicted the events of 2020, we are built for times like these, and our second largest dividend payout ever is a powerful testament to that fact. New York Life remains one of only two life insurance companies with the highest financial strength ratings currently awarded to any U.S. life insurer by all four major rating agencies3, out of 800 life insurers operating in the United States today. In addition, surplus and asset valuation reserve remains strong, bolstered by the companys ability to strategically manage its $277.83 billion general account4. New York Lifes foundational life insurance franchise is complemented by strategic businesses that deliver diversified revenue streams. These revenues contribute to surplus, dividends, and earnings and can help mitigate the impact of todays historically low interest rate environment. Based on the companys unsurpassed financial strength and diversified business model, New York Life is uniquely positioned to deliver on its promises to policyholders. We are strategic and purposeful in how we adapt and evolve at New York Life, without losing sight of who we are and who we serve, Mathas said. This is demonstrated by our ongoing dedication to the power of human guidance delivered by New York Lifes industry leading agent force5 of over 12,000 financial professionals. New York Life will also pay dividends on participating Mutual Income Annuities for the fifth consecutive year6. Paying dividends delivers on the value proposition inherent in New York Life Mutual Income Annuities which combines guaranteed income with the potential for additional income through dividends. As income annuities have grown to become a core retirement solution for millions of Americans, New York Life and its subsidiaries remain a leading income annuity provider according to LIMRA7. For the first time, New York Life will pay dividends on NYL My Care, a standalone long-term care product introduced in 2018. NYL My Care policy owners who have reached their third policy anniversary will receive a dividend in 20218. For policy owners, the 2021 dividend payout confirms their decision to purchase participating life insurance from New York Life. Dividends can add value to a life insurance policy in several ways. As policy owners financial needs change over time, many use dividends to increase life insurance coverage without additional underwriting (known as Paid-Up Additions, or PUAs). By choosing PUAs, policy owners may purchase additional cash value and death benefit, and their money continues to grow income tax deferred. PUAs are also eligible to receive dividends. Dividends can also be used to pay a portion of premiums, thus lowering out-of-pocket costs; taken in the form of a check to be used any way a policy owner sees fit; or left on deposit with the company where dividend amounts can earn interest. About New York Life New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States1 and one of the largest life insurers in the world. Headquartered in New York City, New York Lifes family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies.3 1 Based on revenue as reported by Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual), Fortune magazine, 5/18/2020. For methodology, please see http://fortune.com/fortune500/. 2 Dividends are not guaranteed. 3 Individual independent rating agency commentaries as of 10/15/2020: A.M. Best (A++), Fitch (AAA), Moodys Investors Service (Aaa), Standard & Poors (AA+). 4 Surplus and general account as of 9/30/2020. 5 New York Life leads U.S. membership in the Million Dollar Round Table (MDRT), the Premier Association of Financial Professionals. 6 Annuity premiums are invested in a portfolio that is separate and distinct from the life insurance portfolio and has its own dividend scale. 7 Source: LIMRA as of 12/31/2019. 8 The dividends paid on NYL My Care are payable as a premium offset, or if on claim, as an increase in the benefit pool.
|
edtsum5249
|
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, Dec. 3, 2020 /PRNewswire/ --Grainger (NYSE: GWW), the leading broad line supplier of maintenance, repair and operating (MRO) products serving businesses and institutions, today announced that Robert O'Keef, Vice President and Treasurer, has been appointed interim CFO, effective January 1, 2021. His appointment follows Tom Okray's decision to step down as Senior Vice President and Chief Financial Officer to pursue another opportunity at a publicly traded company. To ensure a smooth transition, Okray will continue in his current role until December 31, 2020. O'Keef has been with Grainger since 2018 and brings nearly 30 years of financial and executive experience to his new role. As Vice President and Treasurer, he leads the company's Treasury, Financial Planning and Analysis (FP&A), Risk Management & Insurance, Corporate Development and Real Estate functions. Prior to Grainger, Rob served in senior finance roles at several other public companies, where his responsibilities included capital markets, treasury and FP&A. "We are pleased that Rob has agreed to serve as CFO on an interim basis," said DG Macpherson, Chairman and Chief Executive Officer of Grainger. "Rob is a seasoned executive with a deep knowledge of Grainger's business and strong financial acumen. He led the efforts to reposition and optimize Grainger's capital structure and ensured the company could maintain strong liquidity throughout the pandemic. I look forward to continuing to collaborate with Rob and the world-class finance team we have at Grainger, and I'm confident this will be a smooth transition as we work to name a successor as soon as possible." Macpherson continued, "I congratulate Tom on this new opportunity and thank him for his numerous contributions to the company. We appreciate his support in ensuring a smooth transition and wish him all the best in his new role." About GraingerW.W. Grainger, Inc., with 2019 sales of $11.5 billion, is North America's leading broad line supplier of maintenance, repair and operating (MRO) products, with operations primarily in North America, Japan and Europe. Safe Harbor StatementAll statements in this communication, other than those relating to historical facts, are "forward-looking statements." Forward-looking statements can generally be identified by their use of terms such as "anticipate," "believe," "expect," "could," "may," "intend," "plan," "will" or "would" and similar terms and phrases, including references to assumptions. Forward-looking statements are not guarantees of future performance and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from such statements. Forward-looking statements include, but are not limited to, statements about future strategic plans. Important factors that could cause actual results to differ materially from those presented or implied in the forward- looking statements include, without limitation: the unknown duration and the health, economic, operational and financial impacts of the global outbreak of the coronavirus disease 2019; a major loss of customers; loss or disruption of sources of supply; increased competitive pricing pressures; failure to develop or implement new business strategies; fluctuations or declines in the company's gross profit percentage; the company's responses to market pressures; the outcome of pending and future litigation or other proceedings; investigations, inquiries, audits or changes in laws; failure to comply with laws; government contract matters; disruption of information technology or data security systems; general industry, economic, market or political conditions; general global economic conditions including tariffs and trade issues and policies; currency exchange rate fluctuations; market or commodity price volatility; labor shortages; facilities disruptions or shutdowns; other pandemic diseases or viral contagions; natural and other catastrophes; unanticipated and/or extreme weather conditions; loss of key members of management; changes in effective tax rates; changes in credit ratings or outlook; and other factors that can be found in our filings with the Securities and Exchange Commission, including our most recent periodic reports filed on Form 10-K and Form 10-Q, which are available on our Investor Relations website. Forward-looking statements are given only as of the date of this communication and we disclaim any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. SOURCE W.W. Grainger, Inc. Related Links http://www.grainger.com
Answer:
|
Grainger Announces CFO Leadership Transition
|
CHICAGO, Dec. 3, 2020 /PRNewswire/ --Grainger (NYSE: GWW), the leading broad line supplier of maintenance, repair and operating (MRO) products serving businesses and institutions, today announced that Robert O'Keef, Vice President and Treasurer, has been appointed interim CFO, effective January 1, 2021. His appointment follows Tom Okray's decision to step down as Senior Vice President and Chief Financial Officer to pursue another opportunity at a publicly traded company. To ensure a smooth transition, Okray will continue in his current role until December 31, 2020. O'Keef has been with Grainger since 2018 and brings nearly 30 years of financial and executive experience to his new role. As Vice President and Treasurer, he leads the company's Treasury, Financial Planning and Analysis (FP&A), Risk Management & Insurance, Corporate Development and Real Estate functions. Prior to Grainger, Rob served in senior finance roles at several other public companies, where his responsibilities included capital markets, treasury and FP&A. "We are pleased that Rob has agreed to serve as CFO on an interim basis," said DG Macpherson, Chairman and Chief Executive Officer of Grainger. "Rob is a seasoned executive with a deep knowledge of Grainger's business and strong financial acumen. He led the efforts to reposition and optimize Grainger's capital structure and ensured the company could maintain strong liquidity throughout the pandemic. I look forward to continuing to collaborate with Rob and the world-class finance team we have at Grainger, and I'm confident this will be a smooth transition as we work to name a successor as soon as possible." Macpherson continued, "I congratulate Tom on this new opportunity and thank him for his numerous contributions to the company. We appreciate his support in ensuring a smooth transition and wish him all the best in his new role." About GraingerW.W. Grainger, Inc., with 2019 sales of $11.5 billion, is North America's leading broad line supplier of maintenance, repair and operating (MRO) products, with operations primarily in North America, Japan and Europe. Safe Harbor StatementAll statements in this communication, other than those relating to historical facts, are "forward-looking statements." Forward-looking statements can generally be identified by their use of terms such as "anticipate," "believe," "expect," "could," "may," "intend," "plan," "will" or "would" and similar terms and phrases, including references to assumptions. Forward-looking statements are not guarantees of future performance and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from such statements. Forward-looking statements include, but are not limited to, statements about future strategic plans. Important factors that could cause actual results to differ materially from those presented or implied in the forward- looking statements include, without limitation: the unknown duration and the health, economic, operational and financial impacts of the global outbreak of the coronavirus disease 2019; a major loss of customers; loss or disruption of sources of supply; increased competitive pricing pressures; failure to develop or implement new business strategies; fluctuations or declines in the company's gross profit percentage; the company's responses to market pressures; the outcome of pending and future litigation or other proceedings; investigations, inquiries, audits or changes in laws; failure to comply with laws; government contract matters; disruption of information technology or data security systems; general industry, economic, market or political conditions; general global economic conditions including tariffs and trade issues and policies; currency exchange rate fluctuations; market or commodity price volatility; labor shortages; facilities disruptions or shutdowns; other pandemic diseases or viral contagions; natural and other catastrophes; unanticipated and/or extreme weather conditions; loss of key members of management; changes in effective tax rates; changes in credit ratings or outlook; and other factors that can be found in our filings with the Securities and Exchange Commission, including our most recent periodic reports filed on Form 10-K and Form 10-Q, which are available on our Investor Relations website. Forward-looking statements are given only as of the date of this communication and we disclaim any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. SOURCE W.W. Grainger, Inc. Related Links http://www.grainger.com
|
edtsum5260
|
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: BRUNSWICK, Maine, March26,2020 /PRNewswire/ --STARC Systems, a manufacturer of temporary modular wall containment systems used for occupied renovations, announced today that it has been deemed 'essential' and will refocus all production on instant isolation solutions to dramatically increase the number of units available for healthcare facilities throughout the country, helping to protect more healthcare workers and patients and reduce the spread of COVID-19. Typically, STARC Systems modular wall solutions are used in occupied healthcare renovations to eliminate dust, debris and pathogens from impacting patients and employees. Now, rather than keeping pathogens from escaping a construction site, these panels are used to eliminate the spread of COVID-19 by creating instant negative pressure isolation anterooms and airborne infection isolation rooms (AIIR). "For years we have relied on STARC Systems solutions to provide a safe environment for healthcare workers and patients during healthcare facility renovations," said Brian Hamilton, Director of Healthcare and Life Sciences, Consigli Construction. "Now, STARC has become critical in our response to provide hospitals with immediate patient isolation rooms to reduce the spread of coronavirus. These rooms allow overflowing healthcare systems or entirely repurposed facilities to separate patients who are sick from other patients and healthcare workers who are not." STARC Systems' isolation rooms exceeds the ICRA Class IV and ASTM E-84 healthcare requirements for infection control and fire/smoke spread and its surfaces are easily disinfected. They have continued to be used at national healthcare facilities, such as Massachusetts General Hospital, Cleveland Clinic and Seattle Children's in occupied renovations to meet the highest infection control standards. Increasing Production In order to meet the immediate surging demand for negative pressure isolation rooms across the country, STARC Systems is taking the following steps: Expanding shifts with additional manufacturing and tech support employees. Doubling the existing manufacturing space. Working with vendors to significantly increase and accelerateraw material buys. Encouraging existing customers to offer any of their unused wall panels to their local healthcare facility for isolation. "With the unprecedented health risks our country is facing, we knew we had to quickly repurpose and increase our resources to help reduce the spread of coronavirus," said, Chris Vickers, president and CEO of STARC Systems. "Time is our biggest concern. Healthcare facilities need isolation rooms now, not two months from now. Significantly investing in our production facility will ensure we meet more demand and avoid any delays. As an 'essential' infrastructure company, we feel a great deal of responsibility to do all we can while maintaining the health and safety of our employees." Employee Safety Putting its employees' health first, STARC Systems has already put the following changes in place: Eliminated all travel and in-person meetings and moved administrative employees to remote working. Within the manufacturing facility, employees are co-located and the floor layout was redesigned to increase social distancing. Tools and workstations are thoroughly disinfected after each shift. Employees are required to wash their hands frequently, no visitors are allowed and daily updates on COVID-19 are provided. All employees received additional sick days and accelerated PTO to ensure they feel comfortable staying home when feeling sick or taking care of family members. If you are a customer looking to connect with your local healthcare facility to offer your unused wall panels, please call 844-596-1784 Ext 2. About STARC SystemsSTARC Systemsis a temporary wall containment company and leader in healthcare renovation and isolation preparedness solutions. Our temporary wall systems exceed ICRA Class IV and ASTM E-84 requirements and help reduce infection spread, while allowing healthcare facilities to easily install, move and reconfigure panels to create anterooms and AIIRs for their patients and employees. With a customer satisfaction score of 9.9 and a 91% customer reorder rate, leading healthcare facilities, including Brigham & Women's Hospital, Virginia Commonwealth University Medical Center, Ohio State University Wexner Medical Center, and the Cleveland Clinic continue to rely on STARC Systems to solve their temporary containment challenges. STARC Systems RealWall received the 2019 Healthcare Design Award. To learn more, go to www.starcsystems.com. SOURCE STARC Systems Related Links http://starcsystems.com
Answer:
|
STARC Systems Refocuses Production to Provide Critical Isolation Rooms for Healthcare Facilities To help reduce the spread of COVID-19, 'essential' manufacturer of temporary containment wall systems is dramatically increasing production of instant isolation units to protect patients and healthcare workers
|
BRUNSWICK, Maine, March26,2020 /PRNewswire/ --STARC Systems, a manufacturer of temporary modular wall containment systems used for occupied renovations, announced today that it has been deemed 'essential' and will refocus all production on instant isolation solutions to dramatically increase the number of units available for healthcare facilities throughout the country, helping to protect more healthcare workers and patients and reduce the spread of COVID-19. Typically, STARC Systems modular wall solutions are used in occupied healthcare renovations to eliminate dust, debris and pathogens from impacting patients and employees. Now, rather than keeping pathogens from escaping a construction site, these panels are used to eliminate the spread of COVID-19 by creating instant negative pressure isolation anterooms and airborne infection isolation rooms (AIIR). "For years we have relied on STARC Systems solutions to provide a safe environment for healthcare workers and patients during healthcare facility renovations," said Brian Hamilton, Director of Healthcare and Life Sciences, Consigli Construction. "Now, STARC has become critical in our response to provide hospitals with immediate patient isolation rooms to reduce the spread of coronavirus. These rooms allow overflowing healthcare systems or entirely repurposed facilities to separate patients who are sick from other patients and healthcare workers who are not." STARC Systems' isolation rooms exceeds the ICRA Class IV and ASTM E-84 healthcare requirements for infection control and fire/smoke spread and its surfaces are easily disinfected. They have continued to be used at national healthcare facilities, such as Massachusetts General Hospital, Cleveland Clinic and Seattle Children's in occupied renovations to meet the highest infection control standards. Increasing Production In order to meet the immediate surging demand for negative pressure isolation rooms across the country, STARC Systems is taking the following steps: Expanding shifts with additional manufacturing and tech support employees. Doubling the existing manufacturing space. Working with vendors to significantly increase and accelerateraw material buys. Encouraging existing customers to offer any of their unused wall panels to their local healthcare facility for isolation. "With the unprecedented health risks our country is facing, we knew we had to quickly repurpose and increase our resources to help reduce the spread of coronavirus," said, Chris Vickers, president and CEO of STARC Systems. "Time is our biggest concern. Healthcare facilities need isolation rooms now, not two months from now. Significantly investing in our production facility will ensure we meet more demand and avoid any delays. As an 'essential' infrastructure company, we feel a great deal of responsibility to do all we can while maintaining the health and safety of our employees." Employee Safety Putting its employees' health first, STARC Systems has already put the following changes in place: Eliminated all travel and in-person meetings and moved administrative employees to remote working. Within the manufacturing facility, employees are co-located and the floor layout was redesigned to increase social distancing. Tools and workstations are thoroughly disinfected after each shift. Employees are required to wash their hands frequently, no visitors are allowed and daily updates on COVID-19 are provided. All employees received additional sick days and accelerated PTO to ensure they feel comfortable staying home when feeling sick or taking care of family members. If you are a customer looking to connect with your local healthcare facility to offer your unused wall panels, please call 844-596-1784 Ext 2. About STARC SystemsSTARC Systemsis a temporary wall containment company and leader in healthcare renovation and isolation preparedness solutions. Our temporary wall systems exceed ICRA Class IV and ASTM E-84 requirements and help reduce infection spread, while allowing healthcare facilities to easily install, move and reconfigure panels to create anterooms and AIIRs for their patients and employees. With a customer satisfaction score of 9.9 and a 91% customer reorder rate, leading healthcare facilities, including Brigham & Women's Hospital, Virginia Commonwealth University Medical Center, Ohio State University Wexner Medical Center, and the Cleveland Clinic continue to rely on STARC Systems to solve their temporary containment challenges. STARC Systems RealWall received the 2019 Healthcare Design Award. To learn more, go to www.starcsystems.com. SOURCE STARC Systems Related Links http://starcsystems.com
|
edtsum5269
|
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: ELGIN, Ill.--(BUSINESS WIRE)--John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) (the Company) today announced that its Board of Directors (the Board) declared a special cash dividend (the Special Dividend) of $2.50 per share on all issued and outstanding shares of Common Stock of the Company and $2.50 per share on all issued and outstanding shares of Class A Common Stock of the Company. The total Special Dividend payment will be approximately $29 million. The Special Dividend will be paid on March 16, 2021 to stockholders of record as of the close of business on February 26, 2021. We are pleased to announce a Special Dividend of $2.50 per share, stated Jeffrey T. Sanfilippo, Chairman and Chief Executive Officer. Our financial performance for the first two quarters of fiscal 2021 has provided us the opportunity to declare a Special Dividend to be paid in the third quarter of fiscal 2021. These dividends, like our previous dividends, further reinforce our goal of creating long-term stockholder value through the responsible use of cash. Furthermore, these dividends would not be possible without the hard work and dedication of all our employees, Mr. Sanfilippo concluded. ABOUT THE COMPANY John B. Sanfilippo & Son, Inc. is a processor, packager, marketer and distributor of nut and dried fruit-based products that are sold under a variety of private brands and under the Companys Fisher, Orchard Valley Harvest, Squirrel Brand, Southern Style Nuts and Sunshine Country brand names. FORWARD-LOOKING STATEMENTS Some of the statements in this release are forward-looking. These forward-looking statements may be generally identified by the use of forward-looking words and phrases such as will, intends, may, believes, anticipates, should and expects and are based on the Companys current expectations or beliefs concerning future events and involve risks and uncertainties. Consequently, the Companys actual results could differ materially. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors that affect the subject of these statements, except where expressly required to do so by law. Among the factors that could cause results to differ materially from current expectations are: (i) the risks associated with our vertically integrated model with respect to pecans, peanuts and walnuts; (ii) sales activity for the Companys products, such as a decline in sales to one or more key customers (of branded products, private label products or otherwise), or to customers generally, in some or all channels, a change in product mix to lower price products, a decline in sales of private brand products or changing consumer preferences including a shift from higher margin products to lower margin products; (iii) changes in the availability and costs of raw materials and the impact of fixed price commitments with customers; (iv) the ability to pass on price increases to customers if commodity costs rise and the potential for a negative impact on demand for, and sales of, our products from price increases; (v) the ability to measure and estimate bulk inventory, fluctuations in the value and quantity of the Companys nut inventories due to fluctuations in the market prices of nuts and bulk inventory estimation adjustments, respectively; (vi) the Companys ability to appropriately respond to, or lessen the negative impact of, competitive and pricing pressures including competition in the recipe nut category; (vii) losses associated with product recalls, product contamination, food labeling or other food safety issues, or the potential for lost sales or product liability if customers lose confidence in the safety of the Companys products or in nuts or nut products in general, or are harmed as a result of using the Companys products; (viii) the ability of the Company to control expenses, such as transportation, compensation, medical and administrative expenses; (ix) the potential negative impact of government regulations and laws and regulations pertaining to food safety, such as the Food Safety Modernization Act; (x) uncertainty in economic conditions, including the potential for economic downturn, particularly in light of the outbreak of COVID-19; (xi) the timing and occurrence (or nonoccurrence) of other transactions and events which may be subject to circumstances beyond the Companys control; (xii) the adverse effect of labor unrest or disputes, litigation and/or legal settlements, including potential unfavorable outcomes exceeding any amounts accrued; (xiii) losses due to significant disruptions at any of our production or processing facilities or employee unavailability due to illness or quarantine; (xiv) the ability to implement our Strategic Plan, including growing our branded and private brand product sales and expanding into alternative sales channels; (xv) technology disruptions or failures, including disruptions due to employees working remotely; (xvi) the inability to protect the Companys brand value, intellectual property or avoid intellectual property disputes; (xvii) the Companys ability to manage successfully the price gap between its private brand products and those of its branded competitors; and (xviii) the ability of the Company to respond to or manage the outbreak of COVID-19 or other infectious diseases and the various implications thereof.
Answer:
|
John B. Sanfilippo & Son, Inc. Board Declares Special Cash Dividend of $2.50 per share of Common Stock and Class A Common Stock
|
ELGIN, Ill.--(BUSINESS WIRE)--John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) (the Company) today announced that its Board of Directors (the Board) declared a special cash dividend (the Special Dividend) of $2.50 per share on all issued and outstanding shares of Common Stock of the Company and $2.50 per share on all issued and outstanding shares of Class A Common Stock of the Company. The total Special Dividend payment will be approximately $29 million. The Special Dividend will be paid on March 16, 2021 to stockholders of record as of the close of business on February 26, 2021. We are pleased to announce a Special Dividend of $2.50 per share, stated Jeffrey T. Sanfilippo, Chairman and Chief Executive Officer. Our financial performance for the first two quarters of fiscal 2021 has provided us the opportunity to declare a Special Dividend to be paid in the third quarter of fiscal 2021. These dividends, like our previous dividends, further reinforce our goal of creating long-term stockholder value through the responsible use of cash. Furthermore, these dividends would not be possible without the hard work and dedication of all our employees, Mr. Sanfilippo concluded. ABOUT THE COMPANY John B. Sanfilippo & Son, Inc. is a processor, packager, marketer and distributor of nut and dried fruit-based products that are sold under a variety of private brands and under the Companys Fisher, Orchard Valley Harvest, Squirrel Brand, Southern Style Nuts and Sunshine Country brand names. FORWARD-LOOKING STATEMENTS Some of the statements in this release are forward-looking. These forward-looking statements may be generally identified by the use of forward-looking words and phrases such as will, intends, may, believes, anticipates, should and expects and are based on the Companys current expectations or beliefs concerning future events and involve risks and uncertainties. Consequently, the Companys actual results could differ materially. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors that affect the subject of these statements, except where expressly required to do so by law. Among the factors that could cause results to differ materially from current expectations are: (i) the risks associated with our vertically integrated model with respect to pecans, peanuts and walnuts; (ii) sales activity for the Companys products, such as a decline in sales to one or more key customers (of branded products, private label products or otherwise), or to customers generally, in some or all channels, a change in product mix to lower price products, a decline in sales of private brand products or changing consumer preferences including a shift from higher margin products to lower margin products; (iii) changes in the availability and costs of raw materials and the impact of fixed price commitments with customers; (iv) the ability to pass on price increases to customers if commodity costs rise and the potential for a negative impact on demand for, and sales of, our products from price increases; (v) the ability to measure and estimate bulk inventory, fluctuations in the value and quantity of the Companys nut inventories due to fluctuations in the market prices of nuts and bulk inventory estimation adjustments, respectively; (vi) the Companys ability to appropriately respond to, or lessen the negative impact of, competitive and pricing pressures including competition in the recipe nut category; (vii) losses associated with product recalls, product contamination, food labeling or other food safety issues, or the potential for lost sales or product liability if customers lose confidence in the safety of the Companys products or in nuts or nut products in general, or are harmed as a result of using the Companys products; (viii) the ability of the Company to control expenses, such as transportation, compensation, medical and administrative expenses; (ix) the potential negative impact of government regulations and laws and regulations pertaining to food safety, such as the Food Safety Modernization Act; (x) uncertainty in economic conditions, including the potential for economic downturn, particularly in light of the outbreak of COVID-19; (xi) the timing and occurrence (or nonoccurrence) of other transactions and events which may be subject to circumstances beyond the Companys control; (xii) the adverse effect of labor unrest or disputes, litigation and/or legal settlements, including potential unfavorable outcomes exceeding any amounts accrued; (xiii) losses due to significant disruptions at any of our production or processing facilities or employee unavailability due to illness or quarantine; (xiv) the ability to implement our Strategic Plan, including growing our branded and private brand product sales and expanding into alternative sales channels; (xv) technology disruptions or failures, including disruptions due to employees working remotely; (xvi) the inability to protect the Companys brand value, intellectual property or avoid intellectual property disputes; (xvii) the Companys ability to manage successfully the price gap between its private brand products and those of its branded competitors; and (xviii) the ability of the Company to respond to or manage the outbreak of COVID-19 or other infectious diseases and the various implications thereof.
|
edtsum5273
|
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, Dec. 8, 2020 /PRNewswire/ -- On December 3 and 4, 2020, the Texas Cardiac Arrhythmia Institute (TCAI) at St. David's Medical Center hosted its fifth international symposium on complex arrhythmias, EPLive 2020. This year's event, which was held virtually due to the ongoing pandemic, drew a record number of attendees, with approximately 1,200 registrants. Participants included practicing clinical cardiac electrophysiologists, electrophysiologist fellows and general cardiologists who have an interest in treating complex cardiac arrhythmias, a condition in which the heart beats with an irregular or abnormal rhythm. The primary teaching tool was live cases broadcast from the new, state-of-the-art Electrophysiology Center at St. David's Medical Center, with expert commentary. "The unique format of EPLive has always allowed us to attract leaders in the field of electrophysiology from across the globe,but this year, we were able to reach ten times as many clinicians by hosting the event virtually,"Andrea Natale, M.D., F.H.R.S., F.A.C.C., F.E.S.C., cardiac electrophysiologist and executive medical director of TCAI and EPLive course director, said. "We are committed to expanding the scope of electrophysiology treatment options, and we hope this year's record turnout will allow us to impact the lives of even more patients worldwide." EPLive featured four sessions, each consisting of a combination of live and recorded cases from TCAI, as well as some of the world's premier centers: Albert Einstein College of Medicine, Arrhythmia Center at CardioInfantil Foundation, Beth Israel Deaconess Medical Center, Cleveland Clinic, Geisinger Heart Institute,Houston Methodist Hospital, Kansas City Heart Rhythm Institute, Massachusetts General Hospital, Mayo Clinic, MedStar Heart & Vascular Institute, Mercy General Hospital & Dignity Health Heart & Vascular Institute, Monzino Cardiology Center, Mt. Sinai Hospital, Northwell Health, Penn Medicine, Sri Jayadeva Institute of Cardiology,St. Bernards Healthcare, UC Health Universityof Arkansas Medical System, University of California - Los Angeles,University of Chicago Medicine, University of Colorado School of Medicine, University of Pennsylvania, University of Texas Southwestern Medical Center, Vancouver General Hospital, and Vanderbilt University. In addition to demonstrations by Dr. Natale, EPLive 2020 featured presentations by a number of TCAI physicians, including course co-director, Amin Al-Ahmad, M.D., as well as Shane Bailey, M.D.; Mohamed Bassiouny, M.D.; David Burkhardt, M.D.; David Burkland, M.D.; Robert Canby, M.D.; Joseph Gallinghouse, M.D.; Brian Greet, M.D.; Eric Hoenicke, M.D.; Rodney Horton, M.D.; Patrick Hranitzky, M.D.; Faraz Kerendi, M.D.; William Nesbitt, M.D.; Javier Sanchez, M.D.; Kamala Tamirisa, M.D.; Senthil Thambidorai, M.D.; David Tschopp, M.D.; and Jason Zagrodsky, M.D. Physicians received a maximum of 14 American Medical Association (AMA) Physician's Recognition Award (PRA) Category 1 Credithours at the conference. For more information, visit EP-Live.com. Media Contacts:Erin Ochoa or Stacy SlaydenElizabeth Christian Public Relations254.592.2767 SOURCE Texas Cardiac Arrhythmia Institute at St. Davids Medical Center Related Links https://tcainstitute.com
Answer:
|
TCAI at St. David's Medical Center hosts virtual international symposium on complex cardiac arrhythmias with record turnout USA - English USA - English France - Franais Deutschland - Deutsch Espaa - espaol USA - English USA - English Brazil - Portugus Latin America - espaol
|
AUSTIN, Texas, Dec. 8, 2020 /PRNewswire/ -- On December 3 and 4, 2020, the Texas Cardiac Arrhythmia Institute (TCAI) at St. David's Medical Center hosted its fifth international symposium on complex arrhythmias, EPLive 2020. This year's event, which was held virtually due to the ongoing pandemic, drew a record number of attendees, with approximately 1,200 registrants. Participants included practicing clinical cardiac electrophysiologists, electrophysiologist fellows and general cardiologists who have an interest in treating complex cardiac arrhythmias, a condition in which the heart beats with an irregular or abnormal rhythm. The primary teaching tool was live cases broadcast from the new, state-of-the-art Electrophysiology Center at St. David's Medical Center, with expert commentary. "The unique format of EPLive has always allowed us to attract leaders in the field of electrophysiology from across the globe,but this year, we were able to reach ten times as many clinicians by hosting the event virtually,"Andrea Natale, M.D., F.H.R.S., F.A.C.C., F.E.S.C., cardiac electrophysiologist and executive medical director of TCAI and EPLive course director, said. "We are committed to expanding the scope of electrophysiology treatment options, and we hope this year's record turnout will allow us to impact the lives of even more patients worldwide." EPLive featured four sessions, each consisting of a combination of live and recorded cases from TCAI, as well as some of the world's premier centers: Albert Einstein College of Medicine, Arrhythmia Center at CardioInfantil Foundation, Beth Israel Deaconess Medical Center, Cleveland Clinic, Geisinger Heart Institute,Houston Methodist Hospital, Kansas City Heart Rhythm Institute, Massachusetts General Hospital, Mayo Clinic, MedStar Heart & Vascular Institute, Mercy General Hospital & Dignity Health Heart & Vascular Institute, Monzino Cardiology Center, Mt. Sinai Hospital, Northwell Health, Penn Medicine, Sri Jayadeva Institute of Cardiology,St. Bernards Healthcare, UC Health Universityof Arkansas Medical System, University of California - Los Angeles,University of Chicago Medicine, University of Colorado School of Medicine, University of Pennsylvania, University of Texas Southwestern Medical Center, Vancouver General Hospital, and Vanderbilt University. In addition to demonstrations by Dr. Natale, EPLive 2020 featured presentations by a number of TCAI physicians, including course co-director, Amin Al-Ahmad, M.D., as well as Shane Bailey, M.D.; Mohamed Bassiouny, M.D.; David Burkhardt, M.D.; David Burkland, M.D.; Robert Canby, M.D.; Joseph Gallinghouse, M.D.; Brian Greet, M.D.; Eric Hoenicke, M.D.; Rodney Horton, M.D.; Patrick Hranitzky, M.D.; Faraz Kerendi, M.D.; William Nesbitt, M.D.; Javier Sanchez, M.D.; Kamala Tamirisa, M.D.; Senthil Thambidorai, M.D.; David Tschopp, M.D.; and Jason Zagrodsky, M.D. Physicians received a maximum of 14 American Medical Association (AMA) Physician's Recognition Award (PRA) Category 1 Credithours at the conference. For more information, visit EP-Live.com. Media Contacts:Erin Ochoa or Stacy SlaydenElizabeth Christian Public Relations254.592.2767 SOURCE Texas Cardiac Arrhythmia Institute at St. Davids Medical Center Related Links https://tcainstitute.com
|
edtsum5278
|
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, July 29, 2020 /PRNewswire/ --TEMPTU, Inc. ("TEMPTU" or the "Company") announced today that, after changing its payment software, it discovered that it had suffered a data security incident on a previous software platform, potentially enabling unauthorized parties to access payment card information used on its website in early 2019. Immediately upon discovering this, TEMPTU launched an investigation with industry-leading cybersecurity firms. The Company also contacted payment card brands so any additional steps could be taken to prevent any unauthorized activity on any affected cards. In addition, the Company notified law enforcement about this criminal activity and will continue to provide whatever cooperation is necessary to hold the responsible actors accountable. TEMPTU has been working closely with cybersecurity experts and the payment card brands to protect its customers' payment cards. TEMPTU had already changed its payment software when it first became aware that the earlier version of the platform may have had malware installed by some unknown actor. Based on the Company's investigation, it appears that payment cards used by customers for online purchases between January 4, 2019, and August 6, 2019, may have been involved. The affected payment card information may have included names, addresses, payment card numbers, expiration dates, and security codes. TEMPTU encourages customers to carefully review and monitor their payment card account statements. If a customer believes his or her payment card may have been affected, the customer should immediately contact his or her bank or card issuer. TEMPTU has notified payment card networks so that they can coordinate with card issuing banks to monitor for fraudulent activity on cards used during the identified timeframe. TEMPTU is offering identity protection and credit monitoring services at no cost for its affected customers. Further information for customers including how to enroll in these free services can be obtained by calling TEMPTU's dedicated call center at 855-917-3547 between 9:00 AM and 9:00 PM Eastern Time. About TEMPTU: Temptu is a cosmetics company that is headquartered in New York, New York. SOURCE TEMPTU, Inc.
Answer:
|
TEMPTU Notifies Customers of Data Security Incident
|
NEW YORK, July 29, 2020 /PRNewswire/ --TEMPTU, Inc. ("TEMPTU" or the "Company") announced today that, after changing its payment software, it discovered that it had suffered a data security incident on a previous software platform, potentially enabling unauthorized parties to access payment card information used on its website in early 2019. Immediately upon discovering this, TEMPTU launched an investigation with industry-leading cybersecurity firms. The Company also contacted payment card brands so any additional steps could be taken to prevent any unauthorized activity on any affected cards. In addition, the Company notified law enforcement about this criminal activity and will continue to provide whatever cooperation is necessary to hold the responsible actors accountable. TEMPTU has been working closely with cybersecurity experts and the payment card brands to protect its customers' payment cards. TEMPTU had already changed its payment software when it first became aware that the earlier version of the platform may have had malware installed by some unknown actor. Based on the Company's investigation, it appears that payment cards used by customers for online purchases between January 4, 2019, and August 6, 2019, may have been involved. The affected payment card information may have included names, addresses, payment card numbers, expiration dates, and security codes. TEMPTU encourages customers to carefully review and monitor their payment card account statements. If a customer believes his or her payment card may have been affected, the customer should immediately contact his or her bank or card issuer. TEMPTU has notified payment card networks so that they can coordinate with card issuing banks to monitor for fraudulent activity on cards used during the identified timeframe. TEMPTU is offering identity protection and credit monitoring services at no cost for its affected customers. Further information for customers including how to enroll in these free services can be obtained by calling TEMPTU's dedicated call center at 855-917-3547 between 9:00 AM and 9:00 PM Eastern Time. About TEMPTU: Temptu is a cosmetics company that is headquartered in New York, New York. SOURCE TEMPTU, Inc.
|
edtsum5280
|
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: BEIJING, April30, 2020 /PRNewswire/ --RYB Education, Inc.("RYB" or the "Company") (NYSE: RYB), a leading early childhood education service provider inChina, today announced it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2019with the Securities and Exchange Commission (the "SEC"). The annual report is available on the Company's investor relations website at http://ir.rybbaby.com. and on the SEC's website at www.sec.gov. The Company will provide hardcopies of the annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be submitted to [emailprotected]. About RYB Education, Inc. Founded on the core values of "Care" and "Responsibility," "Inspire" and "Innovate," RYB Education, Inc. is a leading early childhood education service provider in China. Since opening its first play-and-learn center in 1998, the Company has grown and flourished with the mission to provide high-quality, individualized and age-appropriate care and education to nurture and inspire each child for his or her betterment in life. During its two decades of operating history, the Company has built "RYB" into a well-recognized education brand and helped bring about many new educational practices in China's early childhood education industry. RYB's comprehensive early childhood education solutions meet the needs of children from infancy to 6 years old through structured courses at kindergartens and play-and-learn centers, as well as at-home educational products and services. For more information, please visit http://ir.rybbaby.com For investor and media inquiries, please contact: InChina:RYB Education, Inc.Investor RelationsTel: 86-10-8767-5752E-mail:[emailprotected] The Piacente Group, Inc.Ross WarnerTel: +86 (10) 6508-0677E-mail:[emailprotected] Inthe United States:The Piacente Group, Inc.Brandi PiacenteTel: +1-212-481-2050E-mail:[emailprotected] SOURCE RYB Education, Inc. Related Links www.rybbaby.com
Answer:
|
RYB Education, Inc. Files Its Annual Reports on Form 20-F
|
BEIJING, April30, 2020 /PRNewswire/ --RYB Education, Inc.("RYB" or the "Company") (NYSE: RYB), a leading early childhood education service provider inChina, today announced it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2019with the Securities and Exchange Commission (the "SEC"). The annual report is available on the Company's investor relations website at http://ir.rybbaby.com. and on the SEC's website at www.sec.gov. The Company will provide hardcopies of the annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be submitted to [emailprotected]. About RYB Education, Inc. Founded on the core values of "Care" and "Responsibility," "Inspire" and "Innovate," RYB Education, Inc. is a leading early childhood education service provider in China. Since opening its first play-and-learn center in 1998, the Company has grown and flourished with the mission to provide high-quality, individualized and age-appropriate care and education to nurture and inspire each child for his or her betterment in life. During its two decades of operating history, the Company has built "RYB" into a well-recognized education brand and helped bring about many new educational practices in China's early childhood education industry. RYB's comprehensive early childhood education solutions meet the needs of children from infancy to 6 years old through structured courses at kindergartens and play-and-learn centers, as well as at-home educational products and services. For more information, please visit http://ir.rybbaby.com For investor and media inquiries, please contact: InChina:RYB Education, Inc.Investor RelationsTel: 86-10-8767-5752E-mail:[emailprotected] The Piacente Group, Inc.Ross WarnerTel: +86 (10) 6508-0677E-mail:[emailprotected] Inthe United States:The Piacente Group, Inc.Brandi PiacenteTel: +1-212-481-2050E-mail:[emailprotected] SOURCE RYB Education, Inc. Related Links www.rybbaby.com
|
edtsum5286
|
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: NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Ingevity Corporation (NYSE: NGVT) today announced that it will release its third quarter earnings after the stock market close on Wednesday, Oct. 28, 2020. The company will host a live webcast on Thursday, Oct. 29, 2020, at 10 a.m. (Eastern Time) to discuss third quarter 2020 fiscal results. The webcast can be accessed through the investors section of Ingevitys website, or via this link: Ingevity Q3 2020 earnings webcast. You may also listen to the conference call by dialing 877-407-2991 (inside the U.S.) or 201-389-0925 (outside the U.S.), at least 10 minutes prior to the start of the event. For those unable to join the live event, a replay of the webcast will be available beginning at approximately 2 p.m. (Eastern Time) on Oct. 29, 2020, through Nov. 29, 2020: Ingevity Q3 2020 earnings webcast replay. Information on how to access the webcast and conference call, along with a slide deck containing other relevant financial and statistical information, will be posted to the investors section of Ingevitys website at www.ingevity.com prior to the call. Ingevity: Purify, Protect and Enhance Ingevity provides specialty chemicals, high-performance carbon materials and engineered polymers that purify, protect and enhance the world around us. Through a team of talented and experienced people, Ingevity develops, manufactures, and brings to market products and processes that help customers solve complex problems. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks, coatings, elastomers, bioplastics and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 25 locations around the world and employs approximately 1,850 people. The company is traded on the New York Stock Exchange (NYSE: NGVT). For more information visit www.ingevity.com.
Answer:
|
Ingevity announces dates for third quarter earnings release and webcast
|
NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Ingevity Corporation (NYSE: NGVT) today announced that it will release its third quarter earnings after the stock market close on Wednesday, Oct. 28, 2020. The company will host a live webcast on Thursday, Oct. 29, 2020, at 10 a.m. (Eastern Time) to discuss third quarter 2020 fiscal results. The webcast can be accessed through the investors section of Ingevitys website, or via this link: Ingevity Q3 2020 earnings webcast. You may also listen to the conference call by dialing 877-407-2991 (inside the U.S.) or 201-389-0925 (outside the U.S.), at least 10 minutes prior to the start of the event. For those unable to join the live event, a replay of the webcast will be available beginning at approximately 2 p.m. (Eastern Time) on Oct. 29, 2020, through Nov. 29, 2020: Ingevity Q3 2020 earnings webcast replay. Information on how to access the webcast and conference call, along with a slide deck containing other relevant financial and statistical information, will be posted to the investors section of Ingevitys website at www.ingevity.com prior to the call. Ingevity: Purify, Protect and Enhance Ingevity provides specialty chemicals, high-performance carbon materials and engineered polymers that purify, protect and enhance the world around us. Through a team of talented and experienced people, Ingevity develops, manufactures, and brings to market products and processes that help customers solve complex problems. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks, coatings, elastomers, bioplastics and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 25 locations around the world and employs approximately 1,850 people. The company is traded on the New York Stock Exchange (NYSE: NGVT). For more information visit www.ingevity.com.
|
edtsum5288
|
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: BANGALORE, India, March 25, 2020 /PRNewswire/ -- The RFID market size is expected to grow from USD 17,253.65 million in 2018 to USD 26,435.12 million by 2025, at a Compound Annual Growth Rate (CAGR) of 6.28% during the forecasted period. The Radio Frequency Identification (RFID) market is highly competitive and is marked by the presence of a great number of foreign and regional players. The market has witnessed growing rivalry between vendors based on the pricing model, differentiation of technology, brand name, service quality, product differentiation, and technical expertise. Some of the key players in the market are Alien Technology, Applied Wireless RFID, Avery Dennison, Caen RFID, and Checkpoint Systems. The study offers in-depth insights into industry dynamics, micro, and macro indicators. It also sheds light on the factors that drive and inhibit RFID market demand. In addition, the report highlights and offers an outlook on current industry patterns. View Full Report: https://reports.valuates.com/market-reports/360I-Auto-3Y72/rfid-market TRENDS INFLUENCING THE RFID MARKET SIZE The growth of the RFID market is mainly driven by the increasing need for efficient supply chain management in the emerging economies of APAC, Middle East & Africa, and China. Robust protection in various applications such as inventory management, production process monitoring, along with long-distance object reading features of RFID tags, are also expected to increase the market growth. The emphasis on RFID technology for health monitoring medical devices is growing in the healthcare sector, and this is expected to increase the market size of the RFID market. The growing need for monitoring of inventory and equipment; robust protection in broad applications such as inventory management, production process monitoring, and others; and long-distance object reading function of RFID tags are key factors influencing the market growth. Inquire for Free Sample: https://reports.valuates.com/request/sample/360I-Auto-3Y72/rfid_market REGION WISE RFID MARKET SHARE ANALYSIS The North America RFID industry has a large share of revenue in the global market. It is expected to retain its dominance over the projected period on the global RFID market. During the forecast period, the growing need for efficient supply chain management is expected to help the growth of the North America RFID market share. Ask for Regional Report: https://reports.valuates.com/request/regional/360I-Auto-3Y72/rfid_market COMPETITORS COVERED IN THE REPORT: The RFID market is highly competitive and characterized by the presence of a large number of international and regional players in the market. The market has witnessed increased competition between vendors based on the pricing model, technology differentiation, brand name, quality of service, price differentiation, and technical expertise. Alien Technology Applied Wireless RFID Avery Dennison Caen RFID Checkpoint Systems GAO RFID Globeranger Honeywell Aidc Impinj Invengo Mojix Motorola Nedap NXP Semiconductors Securitag Assembly Group (SAG) Smartrac Technology Thingmagic Zebra Others. ON THE BASIS OF FORM FACTOR, THE RFID MARKET IS STUDIED ACROSS Boltable Button Card Cinch Embeddable Eyelet Implants Key Fob Label Paper Tickets Push Screw Shackle Sling Tie Wrap Wristband. ON THE BASIS OF FREQUENCY, THE RFID MARKET IS STUDIED ACROSS Active Ultra-High Frequency High Frequency Low Frequency Ultra-High Frequency. ON THE BASIS OF MATERIAL, THE RFID MARKET IS STUDIED ACROSS Ceramic Glass Metal Paper Plastic Rubber and Silicon. ON THE BASIS OF WAFER SIZE, THE RFID MARKET IS STUDIED ACROSS 200mm 300mm. ON THE BASIS OF TAG TYPE, THE RFID MARKET IS STUDIED ACROSS Active RFID Passive RFID. ON THE BASIS OF APPLICATION, THE RFID MARKET IS STUDIED ACROSS Aerospace & Defense Agriculture Commercial Healthcare Logistics and Supply Chain Retail Security and Access Control Sports and Transportation REASONS TO BUY: Evaluate the qualitative and quantitative aspects of the report and analyze the RFID Market penetration with respect to industries and geographies. Evaluates the key vendors and deeply analyze competitive landscape, revenue pockets, market trends, growth prospects, pain points, drivers, restraints, challenges and opportunities of the RFID Market BUY NOW: https://reports.valuates.com/api/directpaytoken?rcode=360I-Auto-3Y72 SIMILAR REPORTS : DATA CENTER RFID MARKET RESEARCH REPORT The RFID Data Center market size is expected to grow from USD 798million in 2019 to USD 3052.9million by 2026, at a Compound Annual Growth Rate (CAGR) of 21.0% during the forecast period 2021-2026. Currently, data center administrators are under intense pressure to improve data center asset protection and ensure optimum resource utilization. Therefore, various technologies, such as Radio Frequency Identification (RFID), are implemented to keep track of sensitive assets. RFID automation eliminates inefficiency and human error decreases cost and complexity while increasing flexibility and power. The report focuses on the RFID status of the global data center, future projections, growth prospects, key industry, and key players. The goal of the study is to present the creation of the RFID data center in North America, Europe, China, Japan, Southeast Asia, India and, Central & South America. View Full Report : https://reports.valuates.com/market-reports/QYRE-Othe-3Y217/data-center-rfid-market CHIPLESS RFID MARKET RESEARCH REPORT The Chipless RFID market size is expected to grow from USD 1215.1 million in 2019 to USD 4661.6million by 2026, at a Compound Annual Growth Rate (CAGR) of 20.9% during the forecast period 2021-2026. Chipless RFID tags are RFID tags that don't need a transponder microchip. RFIDs provide a longer range and have the ability to be automated, making it preferred over barcodes. This study focuses on the global status of Chipless RFID, future outlook, opportunities for growth, key market, and key actors. The objective of this study is to present the production of Chipless RFID in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America. View Full Report : https://reports.valuates.com/market-reports/QYRE-Othe-1R253/chipless-rfid-market RFID SENSOR MARKET RESEARCH REPORT Global RFID Sensors market Size expected to reach USD 27 Billion by 2024, Growing at a CAGR of 12.20% (2018-2024) Development in the automotive industry, increasing demand for RFID sensors, and high RFID prices are expected to increase the market size for RFID sensors. The research provides a theoretical depiction of the global demand for RFID sensors with existing developments and potential predictions to depict the imminent pockets of investment. Furthermore, the report offers details with comprehensive impact analysis on key factors, constraints, and opportunities. View Full Report : https://reports.valuates.com/market-reports/ALLI-Auto-0F254/rfid-sensor-market RFID READER MARKET RESEARCH REPORT The RFID Readers Market size is expected to grow from USD 8.87 Billion in 2018 to USD 22.46 Billion by 2026, at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period 2020-2026. The RFID reader is a tool used to collect data from an RFID tag that is used to track an individual object. The radio-frequency waves are used to relay data to the reader from the RFID tag. Asia-Pacific region is predicted to dominate the market due to growing demand from fast-developing countries, including China and India, for the RFID technology. The presence of the largest manufacturers and OEMs in Asia-Pacific and the increase in demand for tracking, monitoring, locating objects and optimizing health, protection, and resources are the main factors driving the growth of the RFID reader market over the forecast period. This study focuses on the RFID status of global healthcare, future outlook, opportunities for growth, key market and key players. The purpose of the analysis is to present the creation of the Healthcare RFID in the United States, Europe, and China. View Full Report : https://reports.valuates.com/market-reports/ALLI-Manu-4X8/rfid-reader-market HEALTHCARE RFID MARKET RESEARCH REPORT Usage of RFID provides the healthcare industry with many advantages such as patient, monitoring, patient care, and patient satisfaction. Furthermore, accurate patient tracking using RFID technology can improve patient safety in many instances. This report focuses on global Healthcare RFID status, future outlook, opportunities for growth, key market, and key players. The purpose of the analysis is to present the creation of the Healthcare RFID in the United States, Europe, and China. View Full Report : https://reports.valuates.com/market-reports/QYRE-Othe-2N252/healthcare-rfid-market ABOUT US: Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs. Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs. Valuates is curating premium Market Research Reports from the leading publishers around the globe. We will help you map your information needs to our report repository of Market research reports and guide you through your purchasing decision. We are based out of Silicon Valley of India (Bengaluru) and provide 24/6 online and offline support to all our customers and just a phone call away. CONTACT US: Valuates Reports[emailprotected] For U.S. Toll Free Call +1-(315)-215-3225For IST Call +91-8040957137WhatsApp : +91 9945648335 Website:https://reports.valuates.comTwitter - https://twitter.com/valuatesreportsLinkedin - https://in.linkedin.com/company/valuatesreportsYoutube - https://www.youtube.com/channel/UCH4wNXynaTZbiD5m92WQI4AFacebook - https://www.facebook.com/valuatesreports/ SOURCE Valuates Reports
Answer:
|
RFID Market Size is Expected to Reach USD 26,435.12 Million by 2025 | Valuates Reports
|
BANGALORE, India, March 25, 2020 /PRNewswire/ -- The RFID market size is expected to grow from USD 17,253.65 million in 2018 to USD 26,435.12 million by 2025, at a Compound Annual Growth Rate (CAGR) of 6.28% during the forecasted period. The Radio Frequency Identification (RFID) market is highly competitive and is marked by the presence of a great number of foreign and regional players. The market has witnessed growing rivalry between vendors based on the pricing model, differentiation of technology, brand name, service quality, product differentiation, and technical expertise. Some of the key players in the market are Alien Technology, Applied Wireless RFID, Avery Dennison, Caen RFID, and Checkpoint Systems. The study offers in-depth insights into industry dynamics, micro, and macro indicators. It also sheds light on the factors that drive and inhibit RFID market demand. In addition, the report highlights and offers an outlook on current industry patterns. View Full Report: https://reports.valuates.com/market-reports/360I-Auto-3Y72/rfid-market TRENDS INFLUENCING THE RFID MARKET SIZE The growth of the RFID market is mainly driven by the increasing need for efficient supply chain management in the emerging economies of APAC, Middle East & Africa, and China. Robust protection in various applications such as inventory management, production process monitoring, along with long-distance object reading features of RFID tags, are also expected to increase the market growth. The emphasis on RFID technology for health monitoring medical devices is growing in the healthcare sector, and this is expected to increase the market size of the RFID market. The growing need for monitoring of inventory and equipment; robust protection in broad applications such as inventory management, production process monitoring, and others; and long-distance object reading function of RFID tags are key factors influencing the market growth. Inquire for Free Sample: https://reports.valuates.com/request/sample/360I-Auto-3Y72/rfid_market REGION WISE RFID MARKET SHARE ANALYSIS The North America RFID industry has a large share of revenue in the global market. It is expected to retain its dominance over the projected period on the global RFID market. During the forecast period, the growing need for efficient supply chain management is expected to help the growth of the North America RFID market share. Ask for Regional Report: https://reports.valuates.com/request/regional/360I-Auto-3Y72/rfid_market COMPETITORS COVERED IN THE REPORT: The RFID market is highly competitive and characterized by the presence of a large number of international and regional players in the market. The market has witnessed increased competition between vendors based on the pricing model, technology differentiation, brand name, quality of service, price differentiation, and technical expertise. Alien Technology Applied Wireless RFID Avery Dennison Caen RFID Checkpoint Systems GAO RFID Globeranger Honeywell Aidc Impinj Invengo Mojix Motorola Nedap NXP Semiconductors Securitag Assembly Group (SAG) Smartrac Technology Thingmagic Zebra Others. ON THE BASIS OF FORM FACTOR, THE RFID MARKET IS STUDIED ACROSS Boltable Button Card Cinch Embeddable Eyelet Implants Key Fob Label Paper Tickets Push Screw Shackle Sling Tie Wrap Wristband. ON THE BASIS OF FREQUENCY, THE RFID MARKET IS STUDIED ACROSS Active Ultra-High Frequency High Frequency Low Frequency Ultra-High Frequency. ON THE BASIS OF MATERIAL, THE RFID MARKET IS STUDIED ACROSS Ceramic Glass Metal Paper Plastic Rubber and Silicon. ON THE BASIS OF WAFER SIZE, THE RFID MARKET IS STUDIED ACROSS 200mm 300mm. ON THE BASIS OF TAG TYPE, THE RFID MARKET IS STUDIED ACROSS Active RFID Passive RFID. ON THE BASIS OF APPLICATION, THE RFID MARKET IS STUDIED ACROSS Aerospace & Defense Agriculture Commercial Healthcare Logistics and Supply Chain Retail Security and Access Control Sports and Transportation REASONS TO BUY: Evaluate the qualitative and quantitative aspects of the report and analyze the RFID Market penetration with respect to industries and geographies. Evaluates the key vendors and deeply analyze competitive landscape, revenue pockets, market trends, growth prospects, pain points, drivers, restraints, challenges and opportunities of the RFID Market BUY NOW: https://reports.valuates.com/api/directpaytoken?rcode=360I-Auto-3Y72 SIMILAR REPORTS : DATA CENTER RFID MARKET RESEARCH REPORT The RFID Data Center market size is expected to grow from USD 798million in 2019 to USD 3052.9million by 2026, at a Compound Annual Growth Rate (CAGR) of 21.0% during the forecast period 2021-2026. Currently, data center administrators are under intense pressure to improve data center asset protection and ensure optimum resource utilization. Therefore, various technologies, such as Radio Frequency Identification (RFID), are implemented to keep track of sensitive assets. RFID automation eliminates inefficiency and human error decreases cost and complexity while increasing flexibility and power. The report focuses on the RFID status of the global data center, future projections, growth prospects, key industry, and key players. The goal of the study is to present the creation of the RFID data center in North America, Europe, China, Japan, Southeast Asia, India and, Central & South America. View Full Report : https://reports.valuates.com/market-reports/QYRE-Othe-3Y217/data-center-rfid-market CHIPLESS RFID MARKET RESEARCH REPORT The Chipless RFID market size is expected to grow from USD 1215.1 million in 2019 to USD 4661.6million by 2026, at a Compound Annual Growth Rate (CAGR) of 20.9% during the forecast period 2021-2026. Chipless RFID tags are RFID tags that don't need a transponder microchip. RFIDs provide a longer range and have the ability to be automated, making it preferred over barcodes. This study focuses on the global status of Chipless RFID, future outlook, opportunities for growth, key market, and key actors. The objective of this study is to present the production of Chipless RFID in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America. View Full Report : https://reports.valuates.com/market-reports/QYRE-Othe-1R253/chipless-rfid-market RFID SENSOR MARKET RESEARCH REPORT Global RFID Sensors market Size expected to reach USD 27 Billion by 2024, Growing at a CAGR of 12.20% (2018-2024) Development in the automotive industry, increasing demand for RFID sensors, and high RFID prices are expected to increase the market size for RFID sensors. The research provides a theoretical depiction of the global demand for RFID sensors with existing developments and potential predictions to depict the imminent pockets of investment. Furthermore, the report offers details with comprehensive impact analysis on key factors, constraints, and opportunities. View Full Report : https://reports.valuates.com/market-reports/ALLI-Auto-0F254/rfid-sensor-market RFID READER MARKET RESEARCH REPORT The RFID Readers Market size is expected to grow from USD 8.87 Billion in 2018 to USD 22.46 Billion by 2026, at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period 2020-2026. The RFID reader is a tool used to collect data from an RFID tag that is used to track an individual object. The radio-frequency waves are used to relay data to the reader from the RFID tag. Asia-Pacific region is predicted to dominate the market due to growing demand from fast-developing countries, including China and India, for the RFID technology. The presence of the largest manufacturers and OEMs in Asia-Pacific and the increase in demand for tracking, monitoring, locating objects and optimizing health, protection, and resources are the main factors driving the growth of the RFID reader market over the forecast period. This study focuses on the RFID status of global healthcare, future outlook, opportunities for growth, key market and key players. The purpose of the analysis is to present the creation of the Healthcare RFID in the United States, Europe, and China. View Full Report : https://reports.valuates.com/market-reports/ALLI-Manu-4X8/rfid-reader-market HEALTHCARE RFID MARKET RESEARCH REPORT Usage of RFID provides the healthcare industry with many advantages such as patient, monitoring, patient care, and patient satisfaction. Furthermore, accurate patient tracking using RFID technology can improve patient safety in many instances. This report focuses on global Healthcare RFID status, future outlook, opportunities for growth, key market, and key players. The purpose of the analysis is to present the creation of the Healthcare RFID in the United States, Europe, and China. View Full Report : https://reports.valuates.com/market-reports/QYRE-Othe-2N252/healthcare-rfid-market ABOUT US: Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs. Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs. Valuates is curating premium Market Research Reports from the leading publishers around the globe. We will help you map your information needs to our report repository of Market research reports and guide you through your purchasing decision. We are based out of Silicon Valley of India (Bengaluru) and provide 24/6 online and offline support to all our customers and just a phone call away. CONTACT US: Valuates Reports[emailprotected] For U.S. Toll Free Call +1-(315)-215-3225For IST Call +91-8040957137WhatsApp : +91 9945648335 Website:https://reports.valuates.comTwitter - https://twitter.com/valuatesreportsLinkedin - https://in.linkedin.com/company/valuatesreportsYoutube - https://www.youtube.com/channel/UCH4wNXynaTZbiD5m92WQI4AFacebook - https://www.facebook.com/valuatesreports/ SOURCE Valuates Reports
|
edtsum5295
|
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: TYSONS, Va., Jan. 14, 2021 /PRNewswire/ --The PenFed Foundation, a national 501(c)3 founded by PenFed Credit Union, today announced the launch of the Veteran Entrepreneur Investment Program(VEIP)Military Women Startup Accelerator. The program prepares and empowers military women-run startups and small businesses through a free workshop series focused on business development that will culminate in a pitch competition at the Military Influencer Conference May 5-7, 2021. (PRNewsfoto/PenFed Foundation) The program's workshop series will help prepare women military veterans, reservists, National Guard, active duty and spouses through business-focused education, business development and scaling strategies, access to resources and pitch preparation and coaching that inspires and prepares them to start and grow their businesses. The workshop series begins on January 14 and will be held for six consecutive Thursdays from 12:00 1:30 p.m. E.T. Those interested in future sessions can register here. Women entrepreneurs who participate in five out of six workshops will have the opportunity to participate in the Military Influencer Conference pitch competition. "The PenFed Foundation is proud to launch the Military Women Startup Accelerator and we look forward to continuing to support military female entrepreneurship," said PenFed Foundation President and retired U.S. Army Gen. John W. Nicholson, Jr. "The country has seen a tremendous surge among women-veteran-founded businesses, but the flow of investment capital has not been equitably distributed. We are working hard to close that gap."In addition to the six workshops, the accelerator will include a private speaker series featuring a number of military women. The final pitch competition, held during the Military Influencer Conference in San Antonio, will award the first place finisher with $15,000, second place with $10,000 and third place with $5,000. Founded in 2018, VEIP has a three-pronged approach to create a robust network for veteran-owned start-ups and businesses: Investment of seed capital, providing access to other capital investment programs and connecting entrepreneurs to funders; Preparation through the Master's Program, a year-long fundraising accelerator; and Education through virtual and in-person Pop-Up Lab workshops. The PenFed Foundation was created in 2001 and, since then, has provided more than $38.5 million in financial support to veterans, active-duty service members, families and caregivers.About PenFed FoundationFounded in 2001, the PenFed Foundation is a national nonprofit organization committed to empowering military service members, veterans and their communities with the skills and resources to realize financial stability and opportunity. It provides service members, veterans, their families and support networks with the skills and resources they need to improve their lives through programs on financial education, homeownership, veteran entrepreneurship and short-term assistance. Affiliated with PenFed Credit Union, the Foundation has the resources to effectively reach military communities across the nation, build strong partnerships, and engage a dedicated corps of volunteers in its mission. The credit union funds the Foundation's personnel and most operational costs, demonstrating its strong commitment to the programs the Foundation provides. Equal Housing Opportunity. To learn more, visitwww.penfedfoundation.org.SOURCE PenFed Foundation Related Links http://www.penfedfoundation.org
Answer:
|
PenFed Foundation's Veteran Entrepreneur Investment Program Launches 'Military Women Startup Accelerator' to Empower Female Veteran Entrepreneurship Innovative Series of Workshops Will Culminate in a Pitch Competition at the Military Influencer Conference
|
TYSONS, Va., Jan. 14, 2021 /PRNewswire/ --The PenFed Foundation, a national 501(c)3 founded by PenFed Credit Union, today announced the launch of the Veteran Entrepreneur Investment Program(VEIP)Military Women Startup Accelerator. The program prepares and empowers military women-run startups and small businesses through a free workshop series focused on business development that will culminate in a pitch competition at the Military Influencer Conference May 5-7, 2021. (PRNewsfoto/PenFed Foundation) The program's workshop series will help prepare women military veterans, reservists, National Guard, active duty and spouses through business-focused education, business development and scaling strategies, access to resources and pitch preparation and coaching that inspires and prepares them to start and grow their businesses. The workshop series begins on January 14 and will be held for six consecutive Thursdays from 12:00 1:30 p.m. E.T. Those interested in future sessions can register here. Women entrepreneurs who participate in five out of six workshops will have the opportunity to participate in the Military Influencer Conference pitch competition. "The PenFed Foundation is proud to launch the Military Women Startup Accelerator and we look forward to continuing to support military female entrepreneurship," said PenFed Foundation President and retired U.S. Army Gen. John W. Nicholson, Jr. "The country has seen a tremendous surge among women-veteran-founded businesses, but the flow of investment capital has not been equitably distributed. We are working hard to close that gap."In addition to the six workshops, the accelerator will include a private speaker series featuring a number of military women. The final pitch competition, held during the Military Influencer Conference in San Antonio, will award the first place finisher with $15,000, second place with $10,000 and third place with $5,000. Founded in 2018, VEIP has a three-pronged approach to create a robust network for veteran-owned start-ups and businesses: Investment of seed capital, providing access to other capital investment programs and connecting entrepreneurs to funders; Preparation through the Master's Program, a year-long fundraising accelerator; and Education through virtual and in-person Pop-Up Lab workshops. The PenFed Foundation was created in 2001 and, since then, has provided more than $38.5 million in financial support to veterans, active-duty service members, families and caregivers.About PenFed FoundationFounded in 2001, the PenFed Foundation is a national nonprofit organization committed to empowering military service members, veterans and their communities with the skills and resources to realize financial stability and opportunity. It provides service members, veterans, their families and support networks with the skills and resources they need to improve their lives through programs on financial education, homeownership, veteran entrepreneurship and short-term assistance. Affiliated with PenFed Credit Union, the Foundation has the resources to effectively reach military communities across the nation, build strong partnerships, and engage a dedicated corps of volunteers in its mission. The credit union funds the Foundation's personnel and most operational costs, demonstrating its strong commitment to the programs the Foundation provides. Equal Housing Opportunity. To learn more, visitwww.penfedfoundation.org.SOURCE PenFed Foundation Related Links http://www.penfedfoundation.org
|
edtsum5296
|
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: COLUMBUS, Ohio--(BUSINESS WIRE)--Data protection challenges are undermining organizations abilities to execute Digital Transformation (DX) initiatives globally, according to the Veeam Data Protection Report 2021, which has found that 58% of backups fail, leaving data unprotected. Veeam Software, the leader in Backup solutions that deliver Cloud Data Management, found that against the backdrop of COVID-19 and ensuing economic uncertainty, which 40% of CXOs cite as the biggest threat to their organizations DX in the next 12 months, inadequate data protection and the challenges to business continuity posed by the pandemic are hindering organizations initiatives to transform. The Veeam Data Protection Report 2021 surveyed more than 3,000 IT decision makers at global enterprises to understand their approaches to data protection and data management. The largest of its kind, this study examines how organizations expect to be prepared for the IT challenges they face, including reacting to demand changes and interruptions in service, global influences (such as COVID-19), and more aspirational goals of IT modernization and DX. Over the past 12 months, CXOs across the globe have faced a unique set of challenges around how to ensure data remains protected in a highly diverse, operational landscape, said Danny Allan, Chief Technology Officer and Senior Vice President of Product Strategy at Veeam. In response to the pandemic, we have seen organizations accelerate DX initiatives by years and months in order to stay in business. However, the way data is managed and protected continues to undermine them. Businesses are being held back by legacy IT and outdated data protection capabilities, as well as the time and money invested in responding to the most urgent challenges posed by COVID-19. Until these inadequacies are addressed, genuine transformation will continue to evade organizations. Urgent action on data protection required Respondents stated that their data protection capabilities are unable to keep pace with the DX demands of their organization, posing a threat to business continuity, potentially leading to severe consequences for both business reputation and performance. Despite the integral role backup plays in modern data protection, 14% of all data is not backed up at all and 58% of recoveries fail, leaving businesses data unprotected and irretrievable in the event of an outage by cyberattack. Furthermore, unexpected outages are common, with 95% of organizations experiencing them in the last 12 months; and with one in four servers having at least one unexpected outage in the prior year, the impact of downtime and data loss is experienced all too frequently. Crucially, businesses are seeing this hit their bottom line, with more than half of CXOs saying this can lead to a loss of confidence towards their organization from customers, employees, and stakeholders. There are two main reasons for the lack of backup and restore success: Backups are ending with errors or are overrunning the allocated backup window, and secondly, restorations are failing to deliver their required SLAs, said Allan. Simply put, if a backup fails, the data remains unprotected, which is a huge concern for businesses given that the impacts of data loss and unplanned downtime span from customer backlash to reduced corporate share prices. Further compounding this challenge is the fact that the digital threat landscape is evolving at an exponential rate. The result is an unquestionable gap between the data protection capabilities of businesses versus their DX needs. It is urgent that this shortfall is addressed given the pressure on organizations to accelerate their use of cloud-based technologies to serve customers in the digital economy. IT strategies impacted by COVID-19 CXOs are aware of the need to adopt a cloud-first approach and change the way IT is delivered in response to the digital acceleration brought about by COVID-19. Many have already done so, with 91% increasing their cloud services usage in the first months of the pandemic, and the majority will continue to do so, with 60% planning to add more cloud services to their IT delivery strategy. However, while businesses recognize the need to accelerate their DX journeys over the next 12 months, 40% acknowledge that economic uncertainty poses a threat to their DX initiatives. DX starts with digital resiliency As organizations increasingly adopt modern IT services at rapid pace, inadequate data protection capabilities and resources will lead to DX initiatives faltering, even failing. CXOs already feel the impact, with 30% admitting that their DX initiatives have slowed or halted in the past 12 months. The impediments to transformation are multi-faceted, including IT teams being too focused on maintaining operations during the pandemic (53%), a dependency on legacy IT systems (51%) and a lack of IT staff skills to implement new technology (49%). In the next 12 months, IT leaders will look to get their DX journeys back on track by finding immediate solutions to their critical data protection needs, with almost a third looking to move data protection to the cloud. One of the major shifts we have seen over the past 12 months is undoubtedly an increased digital divide between those who had a plan for Digital Transformation and those who were less prepared, with the former accelerating their ability to execute and the latter slowing down, concluded Allan. Step one to digitally transforming is being digitally resilient. Across the board organizations are urgently looking to modernize their data protection through cloud adoption. By 2023, 77% of businesses globally will be using cloud-first backup, increasing the reliability of backups, shifting cost management and freeing up IT resources to focus on DX projects that allow the organization to excel in the digital economy. Other highlights of the Veeam Data Protection Report 2021 include: About the Report Veeam commissioned independent market research company Vanson Bourne to conduct a quantitative research study into data protection market trends, adoption, and perceptions across enterprise organizations globally. The research has been conducted of 3,000 IT decision makers (at organizations with more than 1,000 employees) from 28 countries, using an unbiased quantitative approach to ensure impartiality for the results. To learn how to address these issues, Veeam is hosting the worlds premier virtual event for modernizing data protection VeeamON 2021, which will take place May 25 and 26, 2021. Nearly 15,000 customers, partners and influencers attended the virtual VeeamON 2020 event and regional VeeamON Forum events held all around the world. For more information, visit https://www.veeam.com. Supporting Resources: About Veeam Software Veeam is the leader in Backup solutions that deliver Cloud Data Management. Veeam provides a single platform for modernizing backup, accelerating hybrid cloud and securing data. Veeam has 400,000+ customers worldwide, including 82% of the Fortune 500 and 69% of the Global 2,000. Veeams 100% channel ecosystem includes global partners, as well as HPE, NetApp, Cisco and Lenovo as exclusive resellers. Veeam has offices in more than 30 countries. To learn more, visit www.veeam.com or follow Veeam on Twitter @veeam.
Answer:
|
CXO Research: 58% of Data Backups are Failing, Creating Data Protection Challenges and Limiting Digital Transformation Initiatives Veeam Data Protection Report 2021 finds that COVID-19 has significantly impacted Digital Transformation (DX) spending, with 40% of global organizations viewing economic uncertainty as the greatest barrier to DX in the next 12 months and one-third having slowed or halted initiatives in the past year
|
COLUMBUS, Ohio--(BUSINESS WIRE)--Data protection challenges are undermining organizations abilities to execute Digital Transformation (DX) initiatives globally, according to the Veeam Data Protection Report 2021, which has found that 58% of backups fail, leaving data unprotected. Veeam Software, the leader in Backup solutions that deliver Cloud Data Management, found that against the backdrop of COVID-19 and ensuing economic uncertainty, which 40% of CXOs cite as the biggest threat to their organizations DX in the next 12 months, inadequate data protection and the challenges to business continuity posed by the pandemic are hindering organizations initiatives to transform. The Veeam Data Protection Report 2021 surveyed more than 3,000 IT decision makers at global enterprises to understand their approaches to data protection and data management. The largest of its kind, this study examines how organizations expect to be prepared for the IT challenges they face, including reacting to demand changes and interruptions in service, global influences (such as COVID-19), and more aspirational goals of IT modernization and DX. Over the past 12 months, CXOs across the globe have faced a unique set of challenges around how to ensure data remains protected in a highly diverse, operational landscape, said Danny Allan, Chief Technology Officer and Senior Vice President of Product Strategy at Veeam. In response to the pandemic, we have seen organizations accelerate DX initiatives by years and months in order to stay in business. However, the way data is managed and protected continues to undermine them. Businesses are being held back by legacy IT and outdated data protection capabilities, as well as the time and money invested in responding to the most urgent challenges posed by COVID-19. Until these inadequacies are addressed, genuine transformation will continue to evade organizations. Urgent action on data protection required Respondents stated that their data protection capabilities are unable to keep pace with the DX demands of their organization, posing a threat to business continuity, potentially leading to severe consequences for both business reputation and performance. Despite the integral role backup plays in modern data protection, 14% of all data is not backed up at all and 58% of recoveries fail, leaving businesses data unprotected and irretrievable in the event of an outage by cyberattack. Furthermore, unexpected outages are common, with 95% of organizations experiencing them in the last 12 months; and with one in four servers having at least one unexpected outage in the prior year, the impact of downtime and data loss is experienced all too frequently. Crucially, businesses are seeing this hit their bottom line, with more than half of CXOs saying this can lead to a loss of confidence towards their organization from customers, employees, and stakeholders. There are two main reasons for the lack of backup and restore success: Backups are ending with errors or are overrunning the allocated backup window, and secondly, restorations are failing to deliver their required SLAs, said Allan. Simply put, if a backup fails, the data remains unprotected, which is a huge concern for businesses given that the impacts of data loss and unplanned downtime span from customer backlash to reduced corporate share prices. Further compounding this challenge is the fact that the digital threat landscape is evolving at an exponential rate. The result is an unquestionable gap between the data protection capabilities of businesses versus their DX needs. It is urgent that this shortfall is addressed given the pressure on organizations to accelerate their use of cloud-based technologies to serve customers in the digital economy. IT strategies impacted by COVID-19 CXOs are aware of the need to adopt a cloud-first approach and change the way IT is delivered in response to the digital acceleration brought about by COVID-19. Many have already done so, with 91% increasing their cloud services usage in the first months of the pandemic, and the majority will continue to do so, with 60% planning to add more cloud services to their IT delivery strategy. However, while businesses recognize the need to accelerate their DX journeys over the next 12 months, 40% acknowledge that economic uncertainty poses a threat to their DX initiatives. DX starts with digital resiliency As organizations increasingly adopt modern IT services at rapid pace, inadequate data protection capabilities and resources will lead to DX initiatives faltering, even failing. CXOs already feel the impact, with 30% admitting that their DX initiatives have slowed or halted in the past 12 months. The impediments to transformation are multi-faceted, including IT teams being too focused on maintaining operations during the pandemic (53%), a dependency on legacy IT systems (51%) and a lack of IT staff skills to implement new technology (49%). In the next 12 months, IT leaders will look to get their DX journeys back on track by finding immediate solutions to their critical data protection needs, with almost a third looking to move data protection to the cloud. One of the major shifts we have seen over the past 12 months is undoubtedly an increased digital divide between those who had a plan for Digital Transformation and those who were less prepared, with the former accelerating their ability to execute and the latter slowing down, concluded Allan. Step one to digitally transforming is being digitally resilient. Across the board organizations are urgently looking to modernize their data protection through cloud adoption. By 2023, 77% of businesses globally will be using cloud-first backup, increasing the reliability of backups, shifting cost management and freeing up IT resources to focus on DX projects that allow the organization to excel in the digital economy. Other highlights of the Veeam Data Protection Report 2021 include: About the Report Veeam commissioned independent market research company Vanson Bourne to conduct a quantitative research study into data protection market trends, adoption, and perceptions across enterprise organizations globally. The research has been conducted of 3,000 IT decision makers (at organizations with more than 1,000 employees) from 28 countries, using an unbiased quantitative approach to ensure impartiality for the results. To learn how to address these issues, Veeam is hosting the worlds premier virtual event for modernizing data protection VeeamON 2021, which will take place May 25 and 26, 2021. Nearly 15,000 customers, partners and influencers attended the virtual VeeamON 2020 event and regional VeeamON Forum events held all around the world. For more information, visit https://www.veeam.com. Supporting Resources: About Veeam Software Veeam is the leader in Backup solutions that deliver Cloud Data Management. Veeam provides a single platform for modernizing backup, accelerating hybrid cloud and securing data. Veeam has 400,000+ customers worldwide, including 82% of the Fortune 500 and 69% of the Global 2,000. Veeams 100% channel ecosystem includes global partners, as well as HPE, NetApp, Cisco and Lenovo as exclusive resellers. Veeam has offices in more than 30 countries. To learn more, visit www.veeam.com or follow Veeam on Twitter @veeam.
|
edtsum5301
|
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)-- FORM 8.3 IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013 DEALINGS BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE 1. KEY INFORMATION Name of person dealing Massachusetts Financial Services Company Company dealt in WILLIS TOWERS WATSON PLC Class of relevant security to which the dealings being disclosed relate Common Stock (IE00BDB6Q211) Date of dealing 24 December 2020 2. INTERESTS AND SHORT POSITIONS (a) Interests and short positions (following dealing) in the class of relevant security dealt in Long Short Number (%) Number (%) (1) Relevant securities 2,466,954 shares 1.91 % (2) Derivatives (other than options): (3) Options and agreements to purchase/sell: Total 2,466,954 shares 1.91 % (b) Interests and short positions in relevant securities of the company, other than the class dealt in Class of relevant security: Long Short Number (%) Number (%) (1) Relevant securities (2) Derivatives (other than options): (3) Options and agreements to purchase/sell: Total 3. DEALINGS (a) Purchases and sales Purchase/sale Number of relevant securities Price per unit Sale 33 shares 208.8600 USD Sale 847 shares 209.4341 USD (b) Derivatives transactions (other than options transactions) Product name e.g. CFD Nature of transaction Number of relevant securities Price per unit (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying Product name e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which the option relates Exercise price Type, e.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercising Product name e.g. call option Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Nature of transaction Details Price per unit (if applicable) 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. None Is a Supplemental Form 8 attached? NO Date of disclosure 28 December 2020 Contact name Robert R. Flaherty Telephone number 617-954-5814 If a connected EFM, name of offeree/offeror with which connected If a connected EFM, state nature of connection
Answer:
|
Form 8.3 - Willis Towers Watson plc
|
LONDON--(BUSINESS WIRE)-- FORM 8.3 IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013 DEALINGS BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE 1. KEY INFORMATION Name of person dealing Massachusetts Financial Services Company Company dealt in WILLIS TOWERS WATSON PLC Class of relevant security to which the dealings being disclosed relate Common Stock (IE00BDB6Q211) Date of dealing 24 December 2020 2. INTERESTS AND SHORT POSITIONS (a) Interests and short positions (following dealing) in the class of relevant security dealt in Long Short Number (%) Number (%) (1) Relevant securities 2,466,954 shares 1.91 % (2) Derivatives (other than options): (3) Options and agreements to purchase/sell: Total 2,466,954 shares 1.91 % (b) Interests and short positions in relevant securities of the company, other than the class dealt in Class of relevant security: Long Short Number (%) Number (%) (1) Relevant securities (2) Derivatives (other than options): (3) Options and agreements to purchase/sell: Total 3. DEALINGS (a) Purchases and sales Purchase/sale Number of relevant securities Price per unit Sale 33 shares 208.8600 USD Sale 847 shares 209.4341 USD (b) Derivatives transactions (other than options transactions) Product name e.g. CFD Nature of transaction Number of relevant securities Price per unit (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying Product name e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which the option relates Exercise price Type, e.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercising Product name e.g. call option Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Nature of transaction Details Price per unit (if applicable) 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. None Is a Supplemental Form 8 attached? NO Date of disclosure 28 December 2020 Contact name Robert R. Flaherty Telephone number 617-954-5814 If a connected EFM, name of offeree/offeror with which connected If a connected EFM, state nature of connection
|
edtsum5311
|
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: SILVER SPRING, Md., June 19, 2020 /PRNewswire/ --Today the Tuberous Sclerosis Alliance(TS Alliance) and Seizure Tracker announced a partnership to promote data sharing and biosample collection from people with tuberous sclerosis complex (TSC), a rare genetic condition that causes tumors to form in vital organs. TSC is also the leading genetic cause of both epilepsy and autism. This partnership brings together two databases with robust historical data: the TS Alliance's Natural History Database(NHD), implemented in 2006, and Seizure Tracker's Data Sharesystem, established in 2007. With more than 2,000 enrollees, the NHD captures clinical data to document the impact of TSC on a person's health over his or her lifetime. The Data Share system is designed to enable website and mobile diary users to link their personally reported data to partner organizations' managed databases. Joining patient-entered data collected during seizure events to data collected and curated in a clinical setting will enhance the value of all the data and provide insights previously unattainable. "Combining the TS Alliance's Natural History Database and seizure outcome data from Seizure Tracker has the potential to change the way we think about and treat seizures in people living with tuberous sclerosis complex," says Robert Moss, Co-Founder and President of Seizure Tracker. "As the wealth of patient and clinically collected data grows, we will empower our research and physician community to improve care and ultimately change the course of TSC." In addition to sharing data, both organizations will work together to highlight the opportunity for individuals with TSC to contribute to the TS Alliance's Biosample Repository, which stores samples of blood, DNA, and tissues scientists can use in their research. Further, the Waxlax Biosample Repository Collection Initiative, funded by Lorne and Heidi Waxlax, allows for collection of blood from the simplicity of a participant's home anywhere in the United States. These collected samples are then linked to clinical data in the NHD and self-reported Seizure Tracker data if users opt in to share with researchers. To help inform its users, SeizureTracker.comnow includes a page dedicated to "Seizures and Tuberous Sclerosis Complex," where visitors can view data related to seizure types specific to Seizure Tracker users who self-report as having TSC. "This partnership enables researchers to access data not previously accessible through the Natural History Database, including type and frequency of seizures and use of rescue medications," explains Kari Luther Rosbeck, President and CEO of the TS Alliance. "Connecting these data directly incorporates the voices of people affected by TSC into research, continuing our culture of collaboration at the TS Alliance." About Seizure Tracker Founded in 2007 by parents of a child suffering from daily seizures, Seizure Tracker provides a collection of web, mobile and voice interaction tools for people living with seizures to collect epilepsy related information and easily share that data with their doctors. Reports generated on the Seizure Tracker system provide extensive data visualizations comparing therapies against seizure activity changes while highlighting trends. With a strong connection to the epilepsy patient, physician and research communities, Seizure Tracker has grown into the largest collection of seizure and related therapy data in the world, opening new doors to data driven research and effectively changing the way we think about managing seizures.For more information about the Seizure Tracker system visit SeizureTracker.comor email [emailprotected]. About the Tuberous Sclerosis Alliance Established in 1974, the Tuberous Sclerosis Alliance is an internationally recognized nonprofit organization dedicated to finding a cure for tuberous sclerosis complex while improving the lives of those affected. The organization accomplishes this by developing programs, support services and resource information; stimulating and sponsoring research; and creating and implementing public and professional education programs designed to heighten awareness of the disease. For more information, visit tsalliance.org or email [emailprotected]. Contact:Jaye IshamVice President, Communications Strategy Tuberous Sclerosis Alliance 301.562.9890 [emailprotected] SOURCE Tuberous Sclerosis Alliance Related Links http://www.tsalliance.org
Answer:
|
Tuberous Sclerosis Alliance and Seizure Tracker Partner to Promote Data Sharing and Biosample Collection
|
SILVER SPRING, Md., June 19, 2020 /PRNewswire/ --Today the Tuberous Sclerosis Alliance(TS Alliance) and Seizure Tracker announced a partnership to promote data sharing and biosample collection from people with tuberous sclerosis complex (TSC), a rare genetic condition that causes tumors to form in vital organs. TSC is also the leading genetic cause of both epilepsy and autism. This partnership brings together two databases with robust historical data: the TS Alliance's Natural History Database(NHD), implemented in 2006, and Seizure Tracker's Data Sharesystem, established in 2007. With more than 2,000 enrollees, the NHD captures clinical data to document the impact of TSC on a person's health over his or her lifetime. The Data Share system is designed to enable website and mobile diary users to link their personally reported data to partner organizations' managed databases. Joining patient-entered data collected during seizure events to data collected and curated in a clinical setting will enhance the value of all the data and provide insights previously unattainable. "Combining the TS Alliance's Natural History Database and seizure outcome data from Seizure Tracker has the potential to change the way we think about and treat seizures in people living with tuberous sclerosis complex," says Robert Moss, Co-Founder and President of Seizure Tracker. "As the wealth of patient and clinically collected data grows, we will empower our research and physician community to improve care and ultimately change the course of TSC." In addition to sharing data, both organizations will work together to highlight the opportunity for individuals with TSC to contribute to the TS Alliance's Biosample Repository, which stores samples of blood, DNA, and tissues scientists can use in their research. Further, the Waxlax Biosample Repository Collection Initiative, funded by Lorne and Heidi Waxlax, allows for collection of blood from the simplicity of a participant's home anywhere in the United States. These collected samples are then linked to clinical data in the NHD and self-reported Seizure Tracker data if users opt in to share with researchers. To help inform its users, SeizureTracker.comnow includes a page dedicated to "Seizures and Tuberous Sclerosis Complex," where visitors can view data related to seizure types specific to Seizure Tracker users who self-report as having TSC. "This partnership enables researchers to access data not previously accessible through the Natural History Database, including type and frequency of seizures and use of rescue medications," explains Kari Luther Rosbeck, President and CEO of the TS Alliance. "Connecting these data directly incorporates the voices of people affected by TSC into research, continuing our culture of collaboration at the TS Alliance." About Seizure Tracker Founded in 2007 by parents of a child suffering from daily seizures, Seizure Tracker provides a collection of web, mobile and voice interaction tools for people living with seizures to collect epilepsy related information and easily share that data with their doctors. Reports generated on the Seizure Tracker system provide extensive data visualizations comparing therapies against seizure activity changes while highlighting trends. With a strong connection to the epilepsy patient, physician and research communities, Seizure Tracker has grown into the largest collection of seizure and related therapy data in the world, opening new doors to data driven research and effectively changing the way we think about managing seizures.For more information about the Seizure Tracker system visit SeizureTracker.comor email [emailprotected]. About the Tuberous Sclerosis Alliance Established in 1974, the Tuberous Sclerosis Alliance is an internationally recognized nonprofit organization dedicated to finding a cure for tuberous sclerosis complex while improving the lives of those affected. The organization accomplishes this by developing programs, support services and resource information; stimulating and sponsoring research; and creating and implementing public and professional education programs designed to heighten awareness of the disease. For more information, visit tsalliance.org or email [emailprotected]. Contact:Jaye IshamVice President, Communications Strategy Tuberous Sclerosis Alliance 301.562.9890 [emailprotected] SOURCE Tuberous Sclerosis Alliance Related Links http://www.tsalliance.org
|
edtsum5312
|
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: HOUSTON, May 7, 2020 /PRNewswire/ --KBR (NYSE: KBR) has reinforced its growing presence in the UK Nuclear and Defence Infrastructure sectors after being selected to join a new multi-million dollar delivery framework. KBR, in a partnership with Assystem and Doosan Babcock, and operating under the name of KAD Nuclear, were one of three suppliers selected by the Defence Infrastructure Organisation (DIO) to join the new Nuclear Technical Support Provider (NTSP) framework. A seven-year framework, with the option of a three year extension, NTSP will deliver engineering and project management services for the naval base infrastructure upgrade and specialist nuclear technical services under a programme valued between $295 million and $470 million to support DIO, Navy Command and other UK Ministry of Defence (MoD) organizations. "This is a fantastic achievement one that highlights our dedication to a truly collaborative approach and enhances our position within the UK defence and nuclear sectors," said Andrew Barrie, KBR President, Government Solutions EMEA. "Alongside our partners Assystem and Doosan Babcock, we will drive positive innovation and change through working collaboratively to support the Clyde Infrastructure Programme. Combining our Government, Defence and cross industry experience, digital capability and respected program management capabilitiesto provide innovative solutions for the wide ranging projects ahead at this strategically important Royal Navy base." The framework will support the Clyde Infrastructure Programme (CIP) and wider Royal Navy and defence requirements. Its primary focus will be on delivering the refurbishment and upgrade of critical infrastructure at Her Majesty's Naval Base (HMNB) Clyde. Charles Hoskins, DIO's Clyde Infrastructure Programme Director, said: "The NTSP is vitally important to the delivery of our major infrastructure programme and wider operations at HMNB Clyde. "The expertise and collaborative approach from our new partners will be crucial to our success as we move forward into the exciting and challenging next chapter of our programme." About KBR, Inc. KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Solutions and Energy sectors. KBR employs approximately 37,000 people worldwide (including our joint ventures), with customers in more than 80 countries, and operations in 40 countries, across three synergistic global businesses: Government Solutions, serving government customers globally, including capabilities that cover the full lifecycle of defense, space, aviation and other government programs and missions from research and development, through systems engineering, test and evaluation, program management, to operations, maintenance, and field logistics Technology Solutions, featuring proprietary technology, equipment, catalysts, digital solutions and related technical services for the monetization of hydrocarbons, including refining, petrochemicals, ammonia and specialty chemicals, as well as inorganics Energy Solutions, includingonshore oil and gas; LNG (liquefaction and regasification)/GTL; oil refining; petrochemicals; chemicals; fertilizers; differentiated EPC; maintenance services (Brown & Root Industrial Services); offshore oil and gas (shallow-water, deep-water, subsea); floating solutions (FPU, FPSO, FLNG & FSRU); program management and consulting services KBR is proud to work with its customers across the globe to provide technology, value-added services, integrated EPC delivery and long term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver. Visit www.kbr.com Forward Looking Statement The statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond the company's control that could cause actual results to differ materially from the results expressed or implied by the statements. These risks and uncertainties include, but are not limited to: the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies; potential adverse proceedings by such agencies and potential adverse results and consequences from such proceedings; the scope and enforceability of the company's indemnities from its former parent; changes in capital spending by the company's customers; the company's ability to obtain contracts from existing and new customers and perform under those contracts; structural changes in the industries in which the company operates; escalating costs associated with and the performance of fixed-fee projects and the company's ability to control its cost under its contracts; claims negotiations and contract disputes with the company's customers; changes in the demand for or price of oil and/or natural gas; protection of intellectual property rights; compliance with environmental laws; changes in government regulations and regulatory requirements; compliance with laws related to income taxes; unsettled political conditions, war and the effects of terrorism; foreign operations and foreign exchange rates and controls; the development and installation of financial systems; increased competition for employees; the ability to successfully complete and integrate acquisitions; and operations of joint ventures, including joint ventures that are not controlled by the company. KBR's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks, and other U.S. Securities and Exchange Commission filings discuss some of the important risk factors that KBR has identified that may affect the business, results of operations and financial condition. Except as required by law, KBR undertakes no obligation to revise or update publicly any forward-looking statements for any reason. SOURCE KBR, Inc. Related Links http://www.kbr.com
Answer:
|
KBR Increases Presence in UK Nuclear Sector
|
HOUSTON, May 7, 2020 /PRNewswire/ --KBR (NYSE: KBR) has reinforced its growing presence in the UK Nuclear and Defence Infrastructure sectors after being selected to join a new multi-million dollar delivery framework. KBR, in a partnership with Assystem and Doosan Babcock, and operating under the name of KAD Nuclear, were one of three suppliers selected by the Defence Infrastructure Organisation (DIO) to join the new Nuclear Technical Support Provider (NTSP) framework. A seven-year framework, with the option of a three year extension, NTSP will deliver engineering and project management services for the naval base infrastructure upgrade and specialist nuclear technical services under a programme valued between $295 million and $470 million to support DIO, Navy Command and other UK Ministry of Defence (MoD) organizations. "This is a fantastic achievement one that highlights our dedication to a truly collaborative approach and enhances our position within the UK defence and nuclear sectors," said Andrew Barrie, KBR President, Government Solutions EMEA. "Alongside our partners Assystem and Doosan Babcock, we will drive positive innovation and change through working collaboratively to support the Clyde Infrastructure Programme. Combining our Government, Defence and cross industry experience, digital capability and respected program management capabilitiesto provide innovative solutions for the wide ranging projects ahead at this strategically important Royal Navy base." The framework will support the Clyde Infrastructure Programme (CIP) and wider Royal Navy and defence requirements. Its primary focus will be on delivering the refurbishment and upgrade of critical infrastructure at Her Majesty's Naval Base (HMNB) Clyde. Charles Hoskins, DIO's Clyde Infrastructure Programme Director, said: "The NTSP is vitally important to the delivery of our major infrastructure programme and wider operations at HMNB Clyde. "The expertise and collaborative approach from our new partners will be crucial to our success as we move forward into the exciting and challenging next chapter of our programme." About KBR, Inc. KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Solutions and Energy sectors. KBR employs approximately 37,000 people worldwide (including our joint ventures), with customers in more than 80 countries, and operations in 40 countries, across three synergistic global businesses: Government Solutions, serving government customers globally, including capabilities that cover the full lifecycle of defense, space, aviation and other government programs and missions from research and development, through systems engineering, test and evaluation, program management, to operations, maintenance, and field logistics Technology Solutions, featuring proprietary technology, equipment, catalysts, digital solutions and related technical services for the monetization of hydrocarbons, including refining, petrochemicals, ammonia and specialty chemicals, as well as inorganics Energy Solutions, includingonshore oil and gas; LNG (liquefaction and regasification)/GTL; oil refining; petrochemicals; chemicals; fertilizers; differentiated EPC; maintenance services (Brown & Root Industrial Services); offshore oil and gas (shallow-water, deep-water, subsea); floating solutions (FPU, FPSO, FLNG & FSRU); program management and consulting services KBR is proud to work with its customers across the globe to provide technology, value-added services, integrated EPC delivery and long term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver. Visit www.kbr.com Forward Looking Statement The statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond the company's control that could cause actual results to differ materially from the results expressed or implied by the statements. These risks and uncertainties include, but are not limited to: the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies; potential adverse proceedings by such agencies and potential adverse results and consequences from such proceedings; the scope and enforceability of the company's indemnities from its former parent; changes in capital spending by the company's customers; the company's ability to obtain contracts from existing and new customers and perform under those contracts; structural changes in the industries in which the company operates; escalating costs associated with and the performance of fixed-fee projects and the company's ability to control its cost under its contracts; claims negotiations and contract disputes with the company's customers; changes in the demand for or price of oil and/or natural gas; protection of intellectual property rights; compliance with environmental laws; changes in government regulations and regulatory requirements; compliance with laws related to income taxes; unsettled political conditions, war and the effects of terrorism; foreign operations and foreign exchange rates and controls; the development and installation of financial systems; increased competition for employees; the ability to successfully complete and integrate acquisitions; and operations of joint ventures, including joint ventures that are not controlled by the company. KBR's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks, and other U.S. Securities and Exchange Commission filings discuss some of the important risk factors that KBR has identified that may affect the business, results of operations and financial condition. Except as required by law, KBR undertakes no obligation to revise or update publicly any forward-looking statements for any reason. SOURCE KBR, Inc. Related Links http://www.kbr.com
|
edtsum5317
|
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: BELLEVUE, Wash.--(BUSINESS WIRE)--Pokmon unveiled plans today for a virtual music concert celebrating its 25th anniversary. The pop-culture brand broke the news with help from headliner and Pokmon fan Post Malone in a video that can be seen here. Taking place on Saturday, February 27better known as Pokmon Daythe event will be an online party not just for Pokmon fans, but for all music fans around the world. It will also serve as the launch activation for the franchises yearlong P25 Music program. The Pokmon Company International has teamed up with Universal Music Group to bring this concert and more music surprises to life throughout 2021 as part of P25 Music. P25 Music is a collaboration with some of musics biggest names to create new songs, styles, and pop-culture moments, all through the lens of Pokmon. Pop icon Katy Perry was announced last month as the programs premier artist. Ive been a Pokmon fan for a long time, so the opportunity to headline the Pokmon Day concert celebrating 25 years is awesome, said Post Malone. The concert will be free to view on the official Pokmon YouTube channel, Pokmons official Twitch channel, and on Pokmons 25th anniversary website beginning at 7:00 p.m. EST / 4:00 p.m. PST on February 27. Pokmon will unveil more P25 Music details at the end of the concert, so fans will want to tune in for more upcoming collaboration surprises. In anticipation of the concert, The Pokmon Company International will host several celebratory activations across the brand in the week leading up to the virtual music event. In addition to the previously announced Pokmon GO Tour: Kanto event on Saturday, February 20, The Pokmon Company International will distribute a special password on February 25 for players of the Pokmon video game franchise to add a special Pikachu to their Pokmon Sword and Pokmon Shield games. In keeping with the music theme for the year, this Pikachu knows the move Sing, which it cant ordinarily learn. On February 27, fans can tune in to Pokmon TV, either on the web or by downloading the app, for a curated selection of music-themed episodes of the popular Pokmon animated series as they prepare for the big Pokmon Day concert with Post Malone in the evening. Fans can expect more announcements that week from across the franchise. To stay up to date on all the latest news as Pokmon celebrates 25 years, fans can visit Pokemon.com/25 and join the conversation online with #Pokemon25. About Pokmon The Pokmon Company International, a subsidiary of The Pokmon Company in Japan, manages the property outside of Asia and is responsible for brand management, licensing and marketing, the Pokmon Trading Card Game, the animated TV series, home entertainment, and the official Pokmon website. Pokmon was launched in Japan in 1996 and today is one of the most popular childrens entertainment properties in the world. For more information, visit www.pokemon.com. About Universal Music Group Universal Music Group (UMG) is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content in more than 60 countries. Featuring the most comprehensive catalog of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation and entrepreneurship, UMG fosters the development of services, platforms and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans. Universal Music Group is a Vivendi company.
Answer:
|
Pokmon Unveils Virtual Music Concert With Post Malone to Celebrate 25th Anniversary Online Global Music Event to Take Place on Pokmon Day, February 27, as Part of P25 Music Program
|
BELLEVUE, Wash.--(BUSINESS WIRE)--Pokmon unveiled plans today for a virtual music concert celebrating its 25th anniversary. The pop-culture brand broke the news with help from headliner and Pokmon fan Post Malone in a video that can be seen here. Taking place on Saturday, February 27better known as Pokmon Daythe event will be an online party not just for Pokmon fans, but for all music fans around the world. It will also serve as the launch activation for the franchises yearlong P25 Music program. The Pokmon Company International has teamed up with Universal Music Group to bring this concert and more music surprises to life throughout 2021 as part of P25 Music. P25 Music is a collaboration with some of musics biggest names to create new songs, styles, and pop-culture moments, all through the lens of Pokmon. Pop icon Katy Perry was announced last month as the programs premier artist. Ive been a Pokmon fan for a long time, so the opportunity to headline the Pokmon Day concert celebrating 25 years is awesome, said Post Malone. The concert will be free to view on the official Pokmon YouTube channel, Pokmons official Twitch channel, and on Pokmons 25th anniversary website beginning at 7:00 p.m. EST / 4:00 p.m. PST on February 27. Pokmon will unveil more P25 Music details at the end of the concert, so fans will want to tune in for more upcoming collaboration surprises. In anticipation of the concert, The Pokmon Company International will host several celebratory activations across the brand in the week leading up to the virtual music event. In addition to the previously announced Pokmon GO Tour: Kanto event on Saturday, February 20, The Pokmon Company International will distribute a special password on February 25 for players of the Pokmon video game franchise to add a special Pikachu to their Pokmon Sword and Pokmon Shield games. In keeping with the music theme for the year, this Pikachu knows the move Sing, which it cant ordinarily learn. On February 27, fans can tune in to Pokmon TV, either on the web or by downloading the app, for a curated selection of music-themed episodes of the popular Pokmon animated series as they prepare for the big Pokmon Day concert with Post Malone in the evening. Fans can expect more announcements that week from across the franchise. To stay up to date on all the latest news as Pokmon celebrates 25 years, fans can visit Pokemon.com/25 and join the conversation online with #Pokemon25. About Pokmon The Pokmon Company International, a subsidiary of The Pokmon Company in Japan, manages the property outside of Asia and is responsible for brand management, licensing and marketing, the Pokmon Trading Card Game, the animated TV series, home entertainment, and the official Pokmon website. Pokmon was launched in Japan in 1996 and today is one of the most popular childrens entertainment properties in the world. For more information, visit www.pokemon.com. About Universal Music Group Universal Music Group (UMG) is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content in more than 60 countries. Featuring the most comprehensive catalog of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation and entrepreneurship, UMG fosters the development of services, platforms and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans. Universal Music Group is a Vivendi company.
|
edtsum5331
|
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. 21, 2021 /PRNewswire/ --OTC Markets Group Inc.(OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Tuesday Morning Corp (OTCQX: TUEM), an off-price retailer, has qualified to trade on the OTCQX Best Market. Following its successful financial and operational reorganization and emergence from Chapter 11, Tuesday Morning begins trading today on OTCQX under the symbol "TUEM." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com. Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. Streamlined market requirements for OTCQX are designed to help companies lower the cost and complexity of being publicly traded, while providing transparent trading for their investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. "We are pleased to have emerged from a highly successfulreorganization that enabled our shareholders to continue owning our common equity.We welcome significant new institutional ownership through the back stopped rights offering which is led by Osmium Partners, LLC and Tensile Capital Management LLC.Trading on OTCQX is an important step forward for Tuesday Morning and our shareholders," commented Steve Becker, Chief Executive Officer of Tuesday Morning. B. Riley Securities, Inc. acted as the company's OTCQX sponsor. About Tuesday MorningTuesday Morning Corporation is one of the original off-price retailers specializing in name-brand, high-quality products for the home, including upscale home textiles, home furnishings, housewares, gourmet food, toys and seasonal dcor, at prices generally below those found in boutique, specialty and department stores, catalogs and on-line retailers. Based inDallas, Texas, the Company opened its first store in 1974 and currently operates 490 stores in 40 states. More information and a list of store locations may be found on the Company's website atwww.tuesdaymorning.com. About OTC Markets Group Inc.OTC Markets Group Inc.(OTCQX: OTCM) operates the OTCQX Best Market, the OTCQB Venture Market and the Pink Open Market for 11,000 U.S. and global securities. Through OTC Link ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com. OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC. Subscribe to the OTC Markets RSS Feed Media Contact:OTC Markets Group Inc., +1 (212) 896-4428, [emailprotected] SOURCE OTC Markets Group Inc. Related Links http://www.otcmarkets.com
Answer:
|
OTC Markets Group Welcomes Tuesday Morning to OTCQX
|
NEW YORK, Jan. 21, 2021 /PRNewswire/ --OTC Markets Group Inc.(OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Tuesday Morning Corp (OTCQX: TUEM), an off-price retailer, has qualified to trade on the OTCQX Best Market. Following its successful financial and operational reorganization and emergence from Chapter 11, Tuesday Morning begins trading today on OTCQX under the symbol "TUEM." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com. Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. Streamlined market requirements for OTCQX are designed to help companies lower the cost and complexity of being publicly traded, while providing transparent trading for their investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. "We are pleased to have emerged from a highly successfulreorganization that enabled our shareholders to continue owning our common equity.We welcome significant new institutional ownership through the back stopped rights offering which is led by Osmium Partners, LLC and Tensile Capital Management LLC.Trading on OTCQX is an important step forward for Tuesday Morning and our shareholders," commented Steve Becker, Chief Executive Officer of Tuesday Morning. B. Riley Securities, Inc. acted as the company's OTCQX sponsor. About Tuesday MorningTuesday Morning Corporation is one of the original off-price retailers specializing in name-brand, high-quality products for the home, including upscale home textiles, home furnishings, housewares, gourmet food, toys and seasonal dcor, at prices generally below those found in boutique, specialty and department stores, catalogs and on-line retailers. Based inDallas, Texas, the Company opened its first store in 1974 and currently operates 490 stores in 40 states. More information and a list of store locations may be found on the Company's website atwww.tuesdaymorning.com. About OTC Markets Group Inc.OTC Markets Group Inc.(OTCQX: OTCM) operates the OTCQX Best Market, the OTCQB Venture Market and the Pink Open Market for 11,000 U.S. and global securities. Through OTC Link ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com. OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC. Subscribe to the OTC Markets RSS Feed Media Contact:OTC Markets Group Inc., +1 (212) 896-4428, [emailprotected] SOURCE OTC Markets Group Inc. Related Links http://www.otcmarkets.com
|
edtsum5340
|
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: IRVING, Texas, March 31, 2020 /PRNewswire/ -- 7-Eleven, Inc. has donated 1 million masks to the Federal Emergency Management Agency (FEMA) to aid the medical community who are tirelessly battling the coronavirus pandemic. 7-Eleven, Inc. has donated 1 million masks to the Federal Emergency Management Agency (FEMA) to aid the medical community who are tirelessly battling the coronavirus pandemic. 7-Eleven, Inc. has donated 1 million masks to the Federal Emergency Management Agency (FEMA) to aid the medical community who are tirelessly battling the coronavirus pandemic. "7-Eleven is a brand that cares deeply about the people and communities in which we operate, particularly the first responders and the medical community who put their lives on the line for us every day," said 7-Eleven President and Chief Executive Officer Joe DePinto. "When we heard shortages of masks were becoming a serious issue in hospitals, we felt it was our responsibility to respond and help." Hospitals are facing critical shortages of personal protective equipment (PPE) that includes masks and gloves. The shortage has led to hospitals re-using masks and American volunteers sewing masks at home to donate to local hospitals. 7-Eleven has provided all stores and Franchisees with a supply of masks for use by Franchisees and their employees as they serve customers in their stores, and has donated all remaining inventory to FEMA.The brand is also taking steps inside and outside of stores to provide customers with what they need in a safe and clean environment. Stores will soon have sneeze guards at registers, and 7-Eleven has enhanced its standards and procedures for hygiene, handwashing, sanitation, food handling as well as increased the frequency of cleaning high-touch surfaces.A leadership team at the company's Store Support Center is dedicated to staying up to date with the CDC and World Health Organization (WHO) guidelines to make the best adjustments to business operations and policies as needed. To learn more about 7-Eleven's ongoing efforts in response to COVID-19, please visit: 7-eleven.com/coronavirus-safety.About 7-Eleven, Inc.7Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. Based in Irving, Texas, 7Eleven operates, franchises and/or licenses more than 70,000 stores in 17 countries, including 11,800 in North America. Known for its iconic brands such as Slurpee, Big Bite and Big Gulp, 7Eleven has expanded into high-quality sandwiches, salads, side dishes, cut fruit and protein boxes, as well as pizza, chicken wings and mini beef tacos. 7Eleven offers customers industry-leading private brand products under the 7-Select brand including healthy options, decadent treats and everyday favorites, at an outstanding value. Customers can earn and redeem points on various items in stores nationwide through its 7Rewards loyalty program, place an order in the 7NOW delivery app in over 35 participating markets, or rely on 7-Eleven for bill payment service, self-service lockers and other convenient services. Find out more online atwww.7-Eleven.com, via the 7Rewardscustomer loyalty platform on the 7-Eleven mobile app, or on social media atFacebook,TwitterandInstagram.SOURCE 7-Eleven, Inc. Related Links https://www.7-eleven.com/
Answer:
|
7-Eleven Donates 1 Million Masks to FEMA in Response to COVID-19 Pandemic
|
IRVING, Texas, March 31, 2020 /PRNewswire/ -- 7-Eleven, Inc. has donated 1 million masks to the Federal Emergency Management Agency (FEMA) to aid the medical community who are tirelessly battling the coronavirus pandemic. 7-Eleven, Inc. has donated 1 million masks to the Federal Emergency Management Agency (FEMA) to aid the medical community who are tirelessly battling the coronavirus pandemic. 7-Eleven, Inc. has donated 1 million masks to the Federal Emergency Management Agency (FEMA) to aid the medical community who are tirelessly battling the coronavirus pandemic. "7-Eleven is a brand that cares deeply about the people and communities in which we operate, particularly the first responders and the medical community who put their lives on the line for us every day," said 7-Eleven President and Chief Executive Officer Joe DePinto. "When we heard shortages of masks were becoming a serious issue in hospitals, we felt it was our responsibility to respond and help." Hospitals are facing critical shortages of personal protective equipment (PPE) that includes masks and gloves. The shortage has led to hospitals re-using masks and American volunteers sewing masks at home to donate to local hospitals. 7-Eleven has provided all stores and Franchisees with a supply of masks for use by Franchisees and their employees as they serve customers in their stores, and has donated all remaining inventory to FEMA.The brand is also taking steps inside and outside of stores to provide customers with what they need in a safe and clean environment. Stores will soon have sneeze guards at registers, and 7-Eleven has enhanced its standards and procedures for hygiene, handwashing, sanitation, food handling as well as increased the frequency of cleaning high-touch surfaces.A leadership team at the company's Store Support Center is dedicated to staying up to date with the CDC and World Health Organization (WHO) guidelines to make the best adjustments to business operations and policies as needed. To learn more about 7-Eleven's ongoing efforts in response to COVID-19, please visit: 7-eleven.com/coronavirus-safety.About 7-Eleven, Inc.7Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. Based in Irving, Texas, 7Eleven operates, franchises and/or licenses more than 70,000 stores in 17 countries, including 11,800 in North America. Known for its iconic brands such as Slurpee, Big Bite and Big Gulp, 7Eleven has expanded into high-quality sandwiches, salads, side dishes, cut fruit and protein boxes, as well as pizza, chicken wings and mini beef tacos. 7Eleven offers customers industry-leading private brand products under the 7-Select brand including healthy options, decadent treats and everyday favorites, at an outstanding value. Customers can earn and redeem points on various items in stores nationwide through its 7Rewards loyalty program, place an order in the 7NOW delivery app in over 35 participating markets, or rely on 7-Eleven for bill payment service, self-service lockers and other convenient services. Find out more online atwww.7-Eleven.com, via the 7Rewardscustomer loyalty platform on the 7-Eleven mobile app, or on social media atFacebook,TwitterandInstagram.SOURCE 7-Eleven, Inc. Related Links https://www.7-eleven.com/
|
edtsum5344
|
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: ORLANDO, Fla.--(BUSINESS WIRE)--Travel + Leisure Group, the newly established business line under Travel + Leisure Co. (formerly Wyndham Destinations; NYSE: TNL), launched a new brand licensing business to create a line of premium consumer products leveraging the iconic Travel + Leisure brand. Brand licensing will expand the companys capacity to bring the Travel + Leisure brand to life through consumer products and services. Travel + Leisure is one of the most iconic names in travel, and as the new stewards of the brand, our goal at Travel + Leisure Group is to thoughtfully develop this brand beyond inspiration and into curated products and services that travelers can feel, touch and experience firsthand, said Noah Brodsky, president of Travel + Leisure Group and chief brand officer for Travel + Leisure Co. As we look towards the evolution of this storied brand, brand licensing will play a pivotal role in bringing our vision to life to expand our brand into new and unique areas. Travel + Leisure Group provides products and services developed to inspire travelers. The company is expanding beyond the pages of Travel + Leisure magazine by utilizing its expert-curated multi-platform content with the recent launch of the online travel gateway BookTandL.com, a new subscription travel club set to launch this summer, as well as consumer products like the Travelpro x Travel + Leisure luggage collection. Travel + Leisure Groups brand licensing efforts will be spearheaded by veteran licensing expert Phil Raso, who joins the company in a newly created role as Director of Brand Licensing. Raso will be responsible for creating Travel + Leisure Groups brand licensing long-term growth plan, developing its consumer products portfolio and expanding the companys retail footprint. Travel + Leisures 50 years of expertise in the travel space opens us up to some incredible licensing opportunities. We can leverage that history and bring travel enthusiasts a multitude of purposeful products to serve their travel dreams, said Raso. Imagine Travel + Leisure not only inspiring your vacation ideas but also being with you throughout your journey it is a thrilling prospect that we are eager to develop. Before joining the Travel + Leisure Group, Raso oversaw the licensed industrial products and publishing categories at Caterpillar Inc. He was instrumental in launching multiple products including the worlds strongest shovel, rugged coolers, and a line of award-winning smartphones. He has also actively served on various committees and benchmarking teams for the Society of Product Licensors Committed to Excellence (SPLiCE) trade organization. For more information about Travel + Leisure Group and licensing opportunities, visit the Travel + Leisure Group page. About Travel + Leisure Group Travel + Leisure Group offers travelers a way to turn vacation inspiration into exceptional experiences through the top online and print travel content, online travel subscription and booking services, and branded consumer products all together in one place. This business provides a suite of products and services to inspire travelers with Travel + Leisures trusted expert multi-platform content, including subscription travel clubs, online travel gateway BookTandL.com, and brand licensing agreements. Learn more at https://www.travelandleisureco.com/us/en/our-brands/travel-leisure-group.
Answer:
|
Travel + Leisure Group Launches Brand Licensing Business Leading lifestyle travel brand seeking to expand licensing capabilities and develop consumer products
|
ORLANDO, Fla.--(BUSINESS WIRE)--Travel + Leisure Group, the newly established business line under Travel + Leisure Co. (formerly Wyndham Destinations; NYSE: TNL), launched a new brand licensing business to create a line of premium consumer products leveraging the iconic Travel + Leisure brand. Brand licensing will expand the companys capacity to bring the Travel + Leisure brand to life through consumer products and services. Travel + Leisure is one of the most iconic names in travel, and as the new stewards of the brand, our goal at Travel + Leisure Group is to thoughtfully develop this brand beyond inspiration and into curated products and services that travelers can feel, touch and experience firsthand, said Noah Brodsky, president of Travel + Leisure Group and chief brand officer for Travel + Leisure Co. As we look towards the evolution of this storied brand, brand licensing will play a pivotal role in bringing our vision to life to expand our brand into new and unique areas. Travel + Leisure Group provides products and services developed to inspire travelers. The company is expanding beyond the pages of Travel + Leisure magazine by utilizing its expert-curated multi-platform content with the recent launch of the online travel gateway BookTandL.com, a new subscription travel club set to launch this summer, as well as consumer products like the Travelpro x Travel + Leisure luggage collection. Travel + Leisure Groups brand licensing efforts will be spearheaded by veteran licensing expert Phil Raso, who joins the company in a newly created role as Director of Brand Licensing. Raso will be responsible for creating Travel + Leisure Groups brand licensing long-term growth plan, developing its consumer products portfolio and expanding the companys retail footprint. Travel + Leisures 50 years of expertise in the travel space opens us up to some incredible licensing opportunities. We can leverage that history and bring travel enthusiasts a multitude of purposeful products to serve their travel dreams, said Raso. Imagine Travel + Leisure not only inspiring your vacation ideas but also being with you throughout your journey it is a thrilling prospect that we are eager to develop. Before joining the Travel + Leisure Group, Raso oversaw the licensed industrial products and publishing categories at Caterpillar Inc. He was instrumental in launching multiple products including the worlds strongest shovel, rugged coolers, and a line of award-winning smartphones. He has also actively served on various committees and benchmarking teams for the Society of Product Licensors Committed to Excellence (SPLiCE) trade organization. For more information about Travel + Leisure Group and licensing opportunities, visit the Travel + Leisure Group page. About Travel + Leisure Group Travel + Leisure Group offers travelers a way to turn vacation inspiration into exceptional experiences through the top online and print travel content, online travel subscription and booking services, and branded consumer products all together in one place. This business provides a suite of products and services to inspire travelers with Travel + Leisures trusted expert multi-platform content, including subscription travel clubs, online travel gateway BookTandL.com, and brand licensing agreements. Learn more at https://www.travelandleisureco.com/us/en/our-brands/travel-leisure-group.
|
edtsum5345
|
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, Feb. 16, 2021 /PRNewswire/ -- The "Global Gene Therapy Partnering Terms and Agreements 2010 to 2020" report has been added to ResearchAndMarkets.com's offering. The Global Gene Therapy Partnering Agreements 2010-2020 report provides an understanding and access to the gene therapy partnering deals and agreements entered into by the worlds leading healthcare companies. Comprehensive access to 530 actual gene therapy deals entered into by the world's biopharma companies, together with real world clause examples. The report provides a detailed understanding and analysis of how and why companies enter gene therapy partnering deals. The majority of deals are early development stage whereby the licensee obtains a right or an option right to license the licensors gene therapy technology or product candidates. These deals tend to be multicomponent, starting with collaborative R&D, and commercialization of outcomes.This report provides details of the latest gene therapy, oligonucletides including aptamers agreements announced in the healthcare sectors.Understanding the flexibility of a prospective partner's negotiated deals terms provides critical insight into the negotiation process in terms of what you can expect to achieve during the negotiation of terms. Whilst many smaller companies will be seeking details of the payments clauses, the devil is in the detail in terms of how payments are triggered contract documents provide this insight where press releases and databases do not.This report contains a comprehensive listing of all gene therapy partnering deals announced since 2010 including financial terms where available including over 500 links to online deal records of actual gene therapy partnering deals as disclosed by the deal parties. In addition, where available, records include contract documents as submitted to the Securities Exchange Commission by companies and their partners.Contract documents provide the answers to numerous questions about a prospective partner's flexibility on a wide range of important issues, many of which will have a significant impact on each party's ability to derive value from the deal.Global Gene Therapy Partnering Terms and Agreements provides the reader with the following key benefits: In-depth understanding of gene therapy deal trends since 2010 Access to headline, upfront, milestone and royalty data Analysis of the structure of gene therapy agreements with numerous real life case studies Full listing of gene therapy deals by company A-Z, deal value, phase of development, deal type, and therapy focus Identify leading gene therapy deals by value since 2010 Identify the most active gene therapy dealmakers since 2010 Detailed access to actual gene therapy contracts enter into by the leading fifty bigpharma Insight into the terms included in gene therapy agreement, together with real world clause examples Understand the key deal terms companies have agreed in previous deals Undertake due diligence to assess suitability of your proposed deal terms for partner companies Available contracts are listed by: Company A-Z Headline value Stage of development at signing Deal component type Specific therapy and technology target Key Topics Covered: Executive SummaryChapter 1 IntroductionChapter 2 Trends in Gene therapy dealmaking2.1. Introduction2.2. Gene therapy partnering over the years2.3. Most active Gene therapy dealmakers2.4. Gene therapy partnering by deal type2.5. Gene therapy partnering by therapy area2.6. Deal terms for Gene therapy partnering2.6.1 Gene therapy partnering headline values2.6.2 Gene therapy deal upfront payments2.6.3 Gene therapy deal milestone payments2.6.4 Gene therapy royalty ratesChapter 3 Leading Gene therapy deals3.1. Introduction3.2. Top Gene therapy deals by valueChapter 4 Most active Gene therapy dealmakers4.1. Introduction4.2. Most active Gene therapy dealmakers4.3. Most active Gene therapy partnering company profilesChapter 5 Gene therapy contracts dealmaking directory5.1. Introduction5.2. Gene therapy contracts dealmaking directoryChapter 6 Gene therapy dealmaking by technology typeChapter 7 Partnering resource center7.1. Online partnering7.2. Partnering events7.3. Further reading on dealmakingAppendicesAppendix 1 Gene therapy deals by company A-ZAppendix 2 Gene therapy deals by stage of developmentDiscoveryPreclinicalPhase IPhase IIPhase IIIRegulatoryMarketedFormulationAppendix 3 Gene therapy deals by deal typeAsset purchaseBigpharma outlicensingCo-developmentCollaborative R&DCo-marketCo-promotionCRADACross-licensingDevelopmentDistributionEvaluationGrantJoint ventureLicensingManufacturingMarketingOptionResearchSpin outSub-licenseSupplyTechnology transferAppendix 4 Gene therapy deals by therapy areaCardiovascularCentral Nervous SystemGenetic disordersHematologyImmunologyInfectivesMetabolicMusculoskeletalObstetricsOncologyOphthalmicsOrphan diseasePediatricsRespiratoryAppendix 5 Deal type definitionsFor more information about this report visit https://www.researchandmarkets.com/r/y4sz4b 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 Gene Therapy Partnering Deals, Terms and Agreements Report 2020: Undertake Due Diligence to Assess Suitability of Your Proposed Deal Terms for Partner Companies
|
DUBLIN, Feb. 16, 2021 /PRNewswire/ -- The "Global Gene Therapy Partnering Terms and Agreements 2010 to 2020" report has been added to ResearchAndMarkets.com's offering. The Global Gene Therapy Partnering Agreements 2010-2020 report provides an understanding and access to the gene therapy partnering deals and agreements entered into by the worlds leading healthcare companies. Comprehensive access to 530 actual gene therapy deals entered into by the world's biopharma companies, together with real world clause examples. The report provides a detailed understanding and analysis of how and why companies enter gene therapy partnering deals. The majority of deals are early development stage whereby the licensee obtains a right or an option right to license the licensors gene therapy technology or product candidates. These deals tend to be multicomponent, starting with collaborative R&D, and commercialization of outcomes.This report provides details of the latest gene therapy, oligonucletides including aptamers agreements announced in the healthcare sectors.Understanding the flexibility of a prospective partner's negotiated deals terms provides critical insight into the negotiation process in terms of what you can expect to achieve during the negotiation of terms. Whilst many smaller companies will be seeking details of the payments clauses, the devil is in the detail in terms of how payments are triggered contract documents provide this insight where press releases and databases do not.This report contains a comprehensive listing of all gene therapy partnering deals announced since 2010 including financial terms where available including over 500 links to online deal records of actual gene therapy partnering deals as disclosed by the deal parties. In addition, where available, records include contract documents as submitted to the Securities Exchange Commission by companies and their partners.Contract documents provide the answers to numerous questions about a prospective partner's flexibility on a wide range of important issues, many of which will have a significant impact on each party's ability to derive value from the deal.Global Gene Therapy Partnering Terms and Agreements provides the reader with the following key benefits: In-depth understanding of gene therapy deal trends since 2010 Access to headline, upfront, milestone and royalty data Analysis of the structure of gene therapy agreements with numerous real life case studies Full listing of gene therapy deals by company A-Z, deal value, phase of development, deal type, and therapy focus Identify leading gene therapy deals by value since 2010 Identify the most active gene therapy dealmakers since 2010 Detailed access to actual gene therapy contracts enter into by the leading fifty bigpharma Insight into the terms included in gene therapy agreement, together with real world clause examples Understand the key deal terms companies have agreed in previous deals Undertake due diligence to assess suitability of your proposed deal terms for partner companies Available contracts are listed by: Company A-Z Headline value Stage of development at signing Deal component type Specific therapy and technology target Key Topics Covered: Executive SummaryChapter 1 IntroductionChapter 2 Trends in Gene therapy dealmaking2.1. Introduction2.2. Gene therapy partnering over the years2.3. Most active Gene therapy dealmakers2.4. Gene therapy partnering by deal type2.5. Gene therapy partnering by therapy area2.6. Deal terms for Gene therapy partnering2.6.1 Gene therapy partnering headline values2.6.2 Gene therapy deal upfront payments2.6.3 Gene therapy deal milestone payments2.6.4 Gene therapy royalty ratesChapter 3 Leading Gene therapy deals3.1. Introduction3.2. Top Gene therapy deals by valueChapter 4 Most active Gene therapy dealmakers4.1. Introduction4.2. Most active Gene therapy dealmakers4.3. Most active Gene therapy partnering company profilesChapter 5 Gene therapy contracts dealmaking directory5.1. Introduction5.2. Gene therapy contracts dealmaking directoryChapter 6 Gene therapy dealmaking by technology typeChapter 7 Partnering resource center7.1. Online partnering7.2. Partnering events7.3. Further reading on dealmakingAppendicesAppendix 1 Gene therapy deals by company A-ZAppendix 2 Gene therapy deals by stage of developmentDiscoveryPreclinicalPhase IPhase IIPhase IIIRegulatoryMarketedFormulationAppendix 3 Gene therapy deals by deal typeAsset purchaseBigpharma outlicensingCo-developmentCollaborative R&DCo-marketCo-promotionCRADACross-licensingDevelopmentDistributionEvaluationGrantJoint ventureLicensingManufacturingMarketingOptionResearchSpin outSub-licenseSupplyTechnology transferAppendix 4 Gene therapy deals by therapy areaCardiovascularCentral Nervous SystemGenetic disordersHematologyImmunologyInfectivesMetabolicMusculoskeletalObstetricsOncologyOphthalmicsOrphan diseasePediatricsRespiratoryAppendix 5 Deal type definitionsFor more information about this report visit https://www.researchandmarkets.com/r/y4sz4b 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
|
edtsum5348
|
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, Aug. 21, 2020 /PRNewswire/ -- ResearchAndMarkets.com published a new article on the travel industry "Staycations Give Boost to Domestic Travel Amid COVID-19 Pandemic" There are signs of recovery within the domestic tourism sector. As lockdowns and travel restrictions were lifted, customers have sought to act on their pent up desire to get out of the house by focusing on staycations within their own local area. Choice Hotels has seen a surge in revenue from domestic travelers, some of whom come from within 25 miles of its hotels while AirBnB has also seen a significant increase in bookings for close to home trips. The company has seen the percentage of bookings within 200 miles grow from one third in February to more than fifty percent in May.The World Travel and Tourism Council has called for European governments to adopt uniform policies to help ease tourists' fears over traveling internationally. WTTC research shows each 2.7% increase in travel traffic can generate one million jobs in the tourism sector. However, different measures applied after the easing of travel restrictions could discourage cross border travel and delay recovery in the sector. According to the WTTC, adopting a coordinated approach to measures like the wearing of face masks in public could increase travel by 27% and recreate 10 million jobs in the travel and tourism sector. To see the full article and a list of related reports on the market, visit "Staycations Give Boost to Domestic Travel Amid COVID-19 Pandemic" About ResearchAndMarkets.comResearchAndMarkets.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. 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:
|
Tourism in 2020 and the COVID-19 Pandemic: Signs of Recovery Within the Domestic Tourism Sector
|
DUBLIN, Aug. 21, 2020 /PRNewswire/ -- ResearchAndMarkets.com published a new article on the travel industry "Staycations Give Boost to Domestic Travel Amid COVID-19 Pandemic" There are signs of recovery within the domestic tourism sector. As lockdowns and travel restrictions were lifted, customers have sought to act on their pent up desire to get out of the house by focusing on staycations within their own local area. Choice Hotels has seen a surge in revenue from domestic travelers, some of whom come from within 25 miles of its hotels while AirBnB has also seen a significant increase in bookings for close to home trips. The company has seen the percentage of bookings within 200 miles grow from one third in February to more than fifty percent in May.The World Travel and Tourism Council has called for European governments to adopt uniform policies to help ease tourists' fears over traveling internationally. WTTC research shows each 2.7% increase in travel traffic can generate one million jobs in the tourism sector. However, different measures applied after the easing of travel restrictions could discourage cross border travel and delay recovery in the sector. According to the WTTC, adopting a coordinated approach to measures like the wearing of face masks in public could increase travel by 27% and recreate 10 million jobs in the travel and tourism sector. To see the full article and a list of related reports on the market, visit "Staycations Give Boost to Domestic Travel Amid COVID-19 Pandemic" About ResearchAndMarkets.comResearchAndMarkets.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. 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
|
edtsum5349
|
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: SHANGHAI, Jan. 19, 2021 /PRNewswire/ -- Jointly founded by China Musical Instrument Association, Shanghai Intex Exhibition Co., Ltd. and Messe Frankfurt (HK) Ltd. in 2002, Music China will be proudly celebrating its 20th anniversary from October 13 to 16, 2021 at Shanghai New International Expo Centre. After two decades of continuous efforts, Music China has grown into one of the biggest and must-attend international trade show for music industry that integrates professional music education, comprehensive cultural programming, as well as interactive marketplace to connect allsegmentsof the industry. Last year, despite unprecedented challenges COVID-19 pandemic brought tothe global music industry, Music China fortunately madeto survive and saw gratifying results thatindicates an actively recovering market. The2020 show welcomed 1,106 exhibiting companies from 15 countries, covering a display area of over 10,000 . With diversifiedvirtual exhibition methods, thefour days of the annual gathering notonlydrew 97,593 visits off-site, but also totalled over 1,620,000 visits online. In light of the normalization of the epidemic prevention and control, 2021 Music China willbe held as scheduledin Octoberand continue to ensure a high-quality, efficient and safe gathering of sellers, buyers, key influencers and media of the music industry. This year, Music China will cover an expanding exhibition space of over 115,000, expecting to attract attendees from all over the world. Besides business platform, Music China will also focus on a wide range of concurrent professional, educational and cultural sessions including new product launch, industry forums, lectures, workshops, live shows and so on, which provides invaluable insights for attendees and exhibitors as well. This year additionally, a series of special events will be carried out to commemorate the 20th anniversary of Music China, reviewing the development and highlights of the show as well as the music industry in the past two glorious decades. Music China will also keep building and upgrading its digital exhibition experience, aiming to supplementthephysical showand provide opportunities for people unable to attend physically.The virtual show will run concurrently with Music China, offeringonline platformsto launch new products, make online trade docking, gain media exposure, etc. Withtheconnection of online and off-site exhibition methods, Music Chinais making a revolutionary transform into a cross-regional, cross-time, and cross-industry trade showthat empowers market revival and opens new prospects against the pandemic. Hereby2021 Music Chinasincerely invites all musicindustry to attend the show and celebratethis20th anniversary. It is more important than ever that the global industry connect together to accelerate the recovery of the market,and to increasecompetitive advantage for success in futureahead. For those interested in participating or to learn moreabout 2021 Music China, please visitwww.musicchina-expo.com. We look forward to seeing you in Shanghai this fall. Contact:Miss Arlene Zhu +86-21-6295-5609[emailprotected] SOURCE Shanghai Intex Exhibition Co., Ltd
Answer:
|
2021 Music China Announces 20th Anniversary: Forging Ahead and Embracing Opportunities
|
SHANGHAI, Jan. 19, 2021 /PRNewswire/ -- Jointly founded by China Musical Instrument Association, Shanghai Intex Exhibition Co., Ltd. and Messe Frankfurt (HK) Ltd. in 2002, Music China will be proudly celebrating its 20th anniversary from October 13 to 16, 2021 at Shanghai New International Expo Centre. After two decades of continuous efforts, Music China has grown into one of the biggest and must-attend international trade show for music industry that integrates professional music education, comprehensive cultural programming, as well as interactive marketplace to connect allsegmentsof the industry. Last year, despite unprecedented challenges COVID-19 pandemic brought tothe global music industry, Music China fortunately madeto survive and saw gratifying results thatindicates an actively recovering market. The2020 show welcomed 1,106 exhibiting companies from 15 countries, covering a display area of over 10,000 . With diversifiedvirtual exhibition methods, thefour days of the annual gathering notonlydrew 97,593 visits off-site, but also totalled over 1,620,000 visits online. In light of the normalization of the epidemic prevention and control, 2021 Music China willbe held as scheduledin Octoberand continue to ensure a high-quality, efficient and safe gathering of sellers, buyers, key influencers and media of the music industry. This year, Music China will cover an expanding exhibition space of over 115,000, expecting to attract attendees from all over the world. Besides business platform, Music China will also focus on a wide range of concurrent professional, educational and cultural sessions including new product launch, industry forums, lectures, workshops, live shows and so on, which provides invaluable insights for attendees and exhibitors as well. This year additionally, a series of special events will be carried out to commemorate the 20th anniversary of Music China, reviewing the development and highlights of the show as well as the music industry in the past two glorious decades. Music China will also keep building and upgrading its digital exhibition experience, aiming to supplementthephysical showand provide opportunities for people unable to attend physically.The virtual show will run concurrently with Music China, offeringonline platformsto launch new products, make online trade docking, gain media exposure, etc. Withtheconnection of online and off-site exhibition methods, Music Chinais making a revolutionary transform into a cross-regional, cross-time, and cross-industry trade showthat empowers market revival and opens new prospects against the pandemic. Hereby2021 Music Chinasincerely invites all musicindustry to attend the show and celebratethis20th anniversary. It is more important than ever that the global industry connect together to accelerate the recovery of the market,and to increasecompetitive advantage for success in futureahead. For those interested in participating or to learn moreabout 2021 Music China, please visitwww.musicchina-expo.com. We look forward to seeing you in Shanghai this fall. Contact:Miss Arlene Zhu +86-21-6295-5609[emailprotected] SOURCE Shanghai Intex Exhibition Co., Ltd
|
edtsum5350
|
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: PRINCETON, N.J., Nov. 24, 2020 /PRNewswire/ --Cactus Communications (CACTUS), a technology company accelerating scientific advancement, has signed an enterprise agreement with John Wiley and Sons Inc., a leader in research and education. Under the agreement, Wiley is licensing UNSILO Technical Checks for integrated use with its online journal submission systems. UNSILO is a Cactus Communications brand that offers AI-powered business and workflow solutions for publishers. This is the current culmination of a partnership effort that began in May 2019, when Wiley partnered with UNSILO in a pilot to boost researcher capacity for simplified submission and screening of research content using the company's artificial intelligence tools. This partnership will make UNSILO Technical Checks optionally available to approximately 1,500 journals and reference works published by Wiley. As a unique component of the partnership, UNSILO will build a new data accessibility statement checker trained on over 100,000 statements from Wiley journals. "Technologies like UNSILO Technical Checks add artificial intelligence to our manuscript submission platforms," says Dr. David Flanagan, Director of Data Science, Research at Wiley. "This will streamline the submission process and enable a better overall user experience, both for our authors and for our editors," he added further. Nikesh Gosalia, Senior Vice President, Global Academic & Publisher Relations at CACTUS, commented on this partnership: "Up to a third of all submissions are returned from the editorial desk because of avoidable technical compliance issues. And performing these checks manually takes time. This contributes to poor researcher experience, increasing demands on journal staff, and delayed publication. UNSILO Technical Checks is designed to supplement the efforts of the editorial staff and help them take decisions faster. By partnering with a leading publisher like Wiley, we hope to simplify the submission process not only for editorial offices but also for a large number of authors." UNSILO Technical Checks will initially be available to Wiley journals using ScholarOne and Manuscript Manager, and later through other vendors. Access UNSILO Technical Checks here: unsilo.ai/evaluate-tech-checks/. About Cactus CommunicationsFounded in 2002,Cactus Communications(cactusglobal.com) is a technology company accelerating scientific advancement. CACTUS solves problems for researchers, universities, publishers,academicsocieties, and life science organizationsthrough innovative products and services developed under the brands Editage, Cactus Life Sciences, R, Impact Science, UNSILO, and Cactus Labs. CACTUS has offices in Princeton, London, Aarhus, Singapore, Beijing, Shanghai, Seoul, Tokyo, Hyderabad, Bengaluru, and Mumbai; a global workforce of over 3,000 experts; and customers from over 190 countries. CACTUS is considered a pioneer in its workplace best practices, and has been consistently ranked a great place to work over the last several years. For More Details Contact:Titas DuttaManager-Media Relations, Cactus CommunicationsP: +91-22-67148888E: [emailprotected] SOURCE Cactus Communications Related Links https://cactusglobal.com/
Answer:
|
Cactus Communications Partners with Wiley to Support Journal Authors and Editorial Offices with UNSILO Technical Checks in the Screening of Manuscripts
|
PRINCETON, N.J., Nov. 24, 2020 /PRNewswire/ --Cactus Communications (CACTUS), a technology company accelerating scientific advancement, has signed an enterprise agreement with John Wiley and Sons Inc., a leader in research and education. Under the agreement, Wiley is licensing UNSILO Technical Checks for integrated use with its online journal submission systems. UNSILO is a Cactus Communications brand that offers AI-powered business and workflow solutions for publishers. This is the current culmination of a partnership effort that began in May 2019, when Wiley partnered with UNSILO in a pilot to boost researcher capacity for simplified submission and screening of research content using the company's artificial intelligence tools. This partnership will make UNSILO Technical Checks optionally available to approximately 1,500 journals and reference works published by Wiley. As a unique component of the partnership, UNSILO will build a new data accessibility statement checker trained on over 100,000 statements from Wiley journals. "Technologies like UNSILO Technical Checks add artificial intelligence to our manuscript submission platforms," says Dr. David Flanagan, Director of Data Science, Research at Wiley. "This will streamline the submission process and enable a better overall user experience, both for our authors and for our editors," he added further. Nikesh Gosalia, Senior Vice President, Global Academic & Publisher Relations at CACTUS, commented on this partnership: "Up to a third of all submissions are returned from the editorial desk because of avoidable technical compliance issues. And performing these checks manually takes time. This contributes to poor researcher experience, increasing demands on journal staff, and delayed publication. UNSILO Technical Checks is designed to supplement the efforts of the editorial staff and help them take decisions faster. By partnering with a leading publisher like Wiley, we hope to simplify the submission process not only for editorial offices but also for a large number of authors." UNSILO Technical Checks will initially be available to Wiley journals using ScholarOne and Manuscript Manager, and later through other vendors. Access UNSILO Technical Checks here: unsilo.ai/evaluate-tech-checks/. About Cactus CommunicationsFounded in 2002,Cactus Communications(cactusglobal.com) is a technology company accelerating scientific advancement. CACTUS solves problems for researchers, universities, publishers,academicsocieties, and life science organizationsthrough innovative products and services developed under the brands Editage, Cactus Life Sciences, R, Impact Science, UNSILO, and Cactus Labs. CACTUS has offices in Princeton, London, Aarhus, Singapore, Beijing, Shanghai, Seoul, Tokyo, Hyderabad, Bengaluru, and Mumbai; a global workforce of over 3,000 experts; and customers from over 190 countries. CACTUS is considered a pioneer in its workplace best practices, and has been consistently ranked a great place to work over the last several years. For More Details Contact:Titas DuttaManager-Media Relations, Cactus CommunicationsP: +91-22-67148888E: [emailprotected] SOURCE Cactus Communications Related Links https://cactusglobal.com/
|
edtsum5355
|
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: GREENVILLE, N.C., Feb. 4, 2021 /PRNewswire/ --The Hammock Source (http://thehammocksource.com) announces their new brand, Carolina Hammocks.Born in the land of the long leaf pines, Carolina Hammocks will only be available at the finest outdoor retailers across the nation. The goal of this new upscale brand is to continue the tradition of creating and providing the highest quality handcrafted products to our business partners with exclusivity to the specialty retail market. Continue Reading Carolina Hammock Carolina Hammocks was born from the rich tradition of master craftsmen weaving hammocks for over a century under the watchful gaze and gentle sway of our beloved long leaf pines. Those pines and our craftsman watch over the birth of our Carolina Hammocks to ensure they are strong, sturdy, and ready for your relaxing sway in the gentle breeze. Carolina Hammocks will feature handcrafted products such as our trademarked WeatherSmart Rope Hammock, Soft Weave Hammock, Cape Shield Powder Coated Stands, Vibrant Colored Fabric and Rope Swings, and High-Quality Durawood HDPE Furniture. Here's to the land of the long leaf pine, the summer land where the sun doth shineAbout The Hammock SourceThe Hammock Source is the world's largest source for premium hammock products and specializes in outdoor furniture and accessories. Hammock Source products are sold at specialty and home-improvement stores across the U.S. andCanada, as well as through a variety of high-end catalogs and online retail sites. Learn more about The Hammock Source atTheHammockSource.com.Media Contact:Leah Stout[emailprotected]704-898-7603SOURCE The Hammock Source Related Links https://thehammocksource.com/
Answer:
|
The Hammock Source's Newest Brand: Carolina Hammocks
|
GREENVILLE, N.C., Feb. 4, 2021 /PRNewswire/ --The Hammock Source (http://thehammocksource.com) announces their new brand, Carolina Hammocks.Born in the land of the long leaf pines, Carolina Hammocks will only be available at the finest outdoor retailers across the nation. The goal of this new upscale brand is to continue the tradition of creating and providing the highest quality handcrafted products to our business partners with exclusivity to the specialty retail market. Continue Reading Carolina Hammock Carolina Hammocks was born from the rich tradition of master craftsmen weaving hammocks for over a century under the watchful gaze and gentle sway of our beloved long leaf pines. Those pines and our craftsman watch over the birth of our Carolina Hammocks to ensure they are strong, sturdy, and ready for your relaxing sway in the gentle breeze. Carolina Hammocks will feature handcrafted products such as our trademarked WeatherSmart Rope Hammock, Soft Weave Hammock, Cape Shield Powder Coated Stands, Vibrant Colored Fabric and Rope Swings, and High-Quality Durawood HDPE Furniture. Here's to the land of the long leaf pine, the summer land where the sun doth shineAbout The Hammock SourceThe Hammock Source is the world's largest source for premium hammock products and specializes in outdoor furniture and accessories. Hammock Source products are sold at specialty and home-improvement stores across the U.S. andCanada, as well as through a variety of high-end catalogs and online retail sites. Learn more about The Hammock Source atTheHammockSource.com.Media Contact:Leah Stout[emailprotected]704-898-7603SOURCE The Hammock Source Related Links https://thehammocksource.com/
|
edtsum5356
|
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: ALBANY, N.Y., April 27, 2021 /PRNewswire/ -- Recycled polyethylene terephthalate, which in industry parlance is known as RPET, is the most widely recycled plastic in the world. According to the PET Resin Association, in 2012, the European Union registered 52% recycling rate higher than about 31% registered in the U.S. In fact, in 2015, nearly 1.8 billion pounds of polyethylene terephthalate (PET) worldwide were recycled to make a variety of end products. These include polyester carpet fiber, athletic shoes, and fabric for T-shirts among others. Importantly, the use of recycled PET in place of virgin PET results in reduced energy consumption, reduced environmental impact, and lower cost. Request for Covid-19 Impact Analysis on Recycled PET Market: https://www.transparencymarketresearch.com/Covid19.php Meanwhile, According to the U.S. EPA, 1% of municipal solid waste in the country is related to PET containers. To curb this, post use, PET material is collected via curbside recycling process that involves both single-stream and dual-stream approaches. The PET collected is sorted at material recovery centers, and baled for shipment to a PET recycling facility. Coming back to the advantages of recycling of PET, most plastic products end up in landfills or run into water bodies. The land and air pollution associated with overflow of landfills poses health hazards for populations, and loss of aquatic life with plastic-associated water pollution in water bodies. Such serious consequences have led to conceptualization and implementation of robust recycling programs in place undertaken and enforced by public welfare agencies. The overwhelming support for recycling programs from different types of organizations, predominantly recycle of PET, has led to the existence of a billion-dollar recycled PET market. With continued support and anticipation of even robust process frameworks, the recycled PET market is projected to exceed a valuation of US$ 11.9 bn by 2031. Recycled PET Market Key Findings of the Report Vast Unknown Demand for Personal Protective Equipment to Combat Ongoing COVID-19 creates Handsome Growth Opportunities The vast demand for PPE such as facemasks and visors for health caregivers and frontline workers in the ongoing COVID-19 pandemic has provided undisclosed opportunities for the recycled PET market. In fact, the coronavirus pandemic has unfortunately sent a shockwave through the entire plastic recycling industry. The slowdown of plastic collection, drop in the prices of virgin PET has impacted the demand for recycled PET. Howbeit, in this crisis, the urgent need for PPE in very large numbers compelled plastic product manufacturers to use recycled PET, thus translating into handsome opportunities for the recycled PET market. In addition, this has enabled manufacturers of plastic products to withstand losses due to reduced demand related to temporary shutdown of apparel stores and automotive facilities. Download PDF Brochure- https://www.transparencymarketresearch.com/sample/sample.php R&D for Innovations in PET Monomer Recycling to help Develop Process to Eliminate Fiber, Food-grade Resin Impurities Savvy players in the recycled PET market are engaging in collaborations and business partnerships for innovations in recycling processes. AXENS, JEPLAN, and IFPEN have entered into an agreement for jointly developing and commercializing a novel PET monomer recycling process for all types of waste PET materials. Therefore, to accomplish this, large companies in the recycled PET market are expanding their R&D capabilities. Integration of new recycling processes involving glycolysis-based PET depolymerization, along with specific purification steps for the removal of organic and inorganic compounds indicates evolution of recycled PET processes. This spawns a new growth dimension in the recycled PET market. View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/82056 Recycled PET Market Growth Drivers Earnest efforts of beverage brands for 100% recycled PET bottles for circular plastic packaging goals widens expanse of recycled PET market. Intense programs to prevent plastic waste to run into landfills, water bodies indirectly fuels growth. Recycled PET Market Key Players Phoenix Technologies International LLC UltraPET LLC CarbonLITE Industries LLC PETCO Evergreen Plastics Inc. Seiu Japan Co. Ltd. Marglen Industries Indorama Ventures Public Company Limited ALPLA JP Recycling Ltd Extrupet Group Ltd Verdeco Recycling Inc. Custom Polymers Inc. PolyQuest Purchase Premium Research Report on Recycled PET Market @ https://www.transparencymarketresearch.com/checkout.php Explore Transparency Market Research's award-winning coverage of the global Chemicals and MaterialsIndustry, Liquid Polybutadiene [LPBD] Market - https://www.transparencymarketresearch.com/liquid-polybutadiene-market.html Hydrocarbon Resins Market - https://www.transparencymarketresearch.com/hydrocarbon-resins-market.html Explore More Upcoming Reports:https://www.transparencymarketresearch.com/upcoming.htm About Transparency Market Research Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact Mr. Rohit Bhisey Transparency Market Research State Tower,90 State Street, Suite 700, Albany NY - 12207 United States USA - Canada Toll Free: 866-552-3453 Email: [emailprotected]Press Release Source: https://www.transparencymarketresearch.com/pressrelease/recycled-pet-market.htmWebsite: http://www.transparencymarketresearch.com SOURCE Transparency Market Research
Answer:
|
Vast Unknown Demand for PPE to Combat COVID-19 adds New Dimension to the Growth of Recycled PET Market, Growth projected at notable ~7% CAGR from 2021 - 2031: TMR
|
ALBANY, N.Y., April 27, 2021 /PRNewswire/ -- Recycled polyethylene terephthalate, which in industry parlance is known as RPET, is the most widely recycled plastic in the world. According to the PET Resin Association, in 2012, the European Union registered 52% recycling rate higher than about 31% registered in the U.S. In fact, in 2015, nearly 1.8 billion pounds of polyethylene terephthalate (PET) worldwide were recycled to make a variety of end products. These include polyester carpet fiber, athletic shoes, and fabric for T-shirts among others. Importantly, the use of recycled PET in place of virgin PET results in reduced energy consumption, reduced environmental impact, and lower cost. Request for Covid-19 Impact Analysis on Recycled PET Market: https://www.transparencymarketresearch.com/Covid19.php Meanwhile, According to the U.S. EPA, 1% of municipal solid waste in the country is related to PET containers. To curb this, post use, PET material is collected via curbside recycling process that involves both single-stream and dual-stream approaches. The PET collected is sorted at material recovery centers, and baled for shipment to a PET recycling facility. Coming back to the advantages of recycling of PET, most plastic products end up in landfills or run into water bodies. The land and air pollution associated with overflow of landfills poses health hazards for populations, and loss of aquatic life with plastic-associated water pollution in water bodies. Such serious consequences have led to conceptualization and implementation of robust recycling programs in place undertaken and enforced by public welfare agencies. The overwhelming support for recycling programs from different types of organizations, predominantly recycle of PET, has led to the existence of a billion-dollar recycled PET market. With continued support and anticipation of even robust process frameworks, the recycled PET market is projected to exceed a valuation of US$ 11.9 bn by 2031. Recycled PET Market Key Findings of the Report Vast Unknown Demand for Personal Protective Equipment to Combat Ongoing COVID-19 creates Handsome Growth Opportunities The vast demand for PPE such as facemasks and visors for health caregivers and frontline workers in the ongoing COVID-19 pandemic has provided undisclosed opportunities for the recycled PET market. In fact, the coronavirus pandemic has unfortunately sent a shockwave through the entire plastic recycling industry. The slowdown of plastic collection, drop in the prices of virgin PET has impacted the demand for recycled PET. Howbeit, in this crisis, the urgent need for PPE in very large numbers compelled plastic product manufacturers to use recycled PET, thus translating into handsome opportunities for the recycled PET market. In addition, this has enabled manufacturers of plastic products to withstand losses due to reduced demand related to temporary shutdown of apparel stores and automotive facilities. Download PDF Brochure- https://www.transparencymarketresearch.com/sample/sample.php R&D for Innovations in PET Monomer Recycling to help Develop Process to Eliminate Fiber, Food-grade Resin Impurities Savvy players in the recycled PET market are engaging in collaborations and business partnerships for innovations in recycling processes. AXENS, JEPLAN, and IFPEN have entered into an agreement for jointly developing and commercializing a novel PET monomer recycling process for all types of waste PET materials. Therefore, to accomplish this, large companies in the recycled PET market are expanding their R&D capabilities. Integration of new recycling processes involving glycolysis-based PET depolymerization, along with specific purification steps for the removal of organic and inorganic compounds indicates evolution of recycled PET processes. This spawns a new growth dimension in the recycled PET market. View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/82056 Recycled PET Market Growth Drivers Earnest efforts of beverage brands for 100% recycled PET bottles for circular plastic packaging goals widens expanse of recycled PET market. Intense programs to prevent plastic waste to run into landfills, water bodies indirectly fuels growth. Recycled PET Market Key Players Phoenix Technologies International LLC UltraPET LLC CarbonLITE Industries LLC PETCO Evergreen Plastics Inc. Seiu Japan Co. Ltd. Marglen Industries Indorama Ventures Public Company Limited ALPLA JP Recycling Ltd Extrupet Group Ltd Verdeco Recycling Inc. Custom Polymers Inc. PolyQuest Purchase Premium Research Report on Recycled PET Market @ https://www.transparencymarketresearch.com/checkout.php Explore Transparency Market Research's award-winning coverage of the global Chemicals and MaterialsIndustry, Liquid Polybutadiene [LPBD] Market - https://www.transparencymarketresearch.com/liquid-polybutadiene-market.html Hydrocarbon Resins Market - https://www.transparencymarketresearch.com/hydrocarbon-resins-market.html Explore More Upcoming Reports:https://www.transparencymarketresearch.com/upcoming.htm About Transparency Market Research Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact Mr. Rohit Bhisey Transparency Market Research State Tower,90 State Street, Suite 700, Albany NY - 12207 United States USA - Canada Toll Free: 866-552-3453 Email: [emailprotected]Press Release Source: https://www.transparencymarketresearch.com/pressrelease/recycled-pet-market.htmWebsite: http://www.transparencymarketresearch.com SOURCE Transparency Market Research
|
edtsum5359
|
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)--The Mochi Ice Cream Co., makers of My/Mo Mochi Ice Cream and the largest branded manufacturer of mochi ice cream in North America, and its majority owner, Lakeview Capital, Inc., announced a closing of a financing in partnership with Bregal Partners, a New-York based private equity firm focused on investing in middle market companies within consumer and food sectors and committed to promoting corporate social responsibility in all aspects of its business. Headquartered in Los Angeles, California, My/Mo Mochi Ice Cream is the creator of the modern frozen snack category and the leading national mochi ice cream brand currently available in over 30,000 retailers throughout the United States. The company has over a 100-year history and is widely credited with inventing mochi ice cream, a handheld, portion-controlled snack of premium ice cream wrapped in pillowy sweet rice dough. "We have built strong support and conviction behind our thesis of investing in companies producing internationally inspired foods and snacks in the U.S.," said Charles Yoon, Managing Partner for Bregal Partners. "As part of this thesis, we have followed My/Mo Mochis impressive growth story over the last several years and are thrilled to have the opportunity to partner with the company, its experienced management team and its owners and help continue the momentum behind this unique and innovative snack business." "We look forward to working with Bregal as a strategic and financial partner," said Jake Freeman, Director of Investments for Lakeview Capital, Inc. "Given their focus and experience in scaling middle market food and branded products companies, we believe they are the right partners for us for this next growth phase of My/Mo Mochi." "We share the same vision as Lakeview and Bregal," said Craig Berger, CEO of The Mochi Ice Cream Co. "Together with our partners, we are excited to build a leading global branded snack business and continue to disrupt through our product innovation the frozen novelty and snack markets." Bregals investment was led by Charles Yoon, Irina Krasik, Paul Kushner, and Andy Neumann. Lincoln International and Ancoris Capital Partners acted as financial advisors and Ropes & Gray acted as legal advisor to Lakeview and The Mochi Ice Cream Co. Winston & Strawn provided legal counsel to Bregal Partners. About My/Mo Mochi Ice Cream Headquartered in Los Angeles, My/Mo Mochi, creator of the Modern Frozen Snack category, is a mouthboggling, textural experience, taking premium ice cream and wrapping it in pillowy, sweet rice mochi dough. Available in a variety of fan-favorite flavors, My/Mo Mochi gives snackers a colorful and wonderfully weird snacking experience in a handheld, portion-controlled way. My/Mo Mochi products are always gluten-free, rBST free, and made without GMO ingredients. A variety of non-dairy and vegan offerings, made with creamy dreamy cashew cream, are also available. For more information, please visit www.MyMoMochi.com or come play on Instagram. About Lakeview Capital Lakeview Capital, Inc. is a Michigan-based, single-family office. About Bregal Partners Bregal Partners is a private equity firm with $1.25 billion of committed capital. Founded in 2012, the firm specializes in three core verticals: consumer and multi-unit, food and beverage, and business services. The firm invests in primarily founder-owned companies within its target industries that generate $5 to $75 million or more of EBITDA. Bregal Partners is committed to promoting corporate social responsibility in all aspects of its business. The firm was recently named one of Axials Top 50 Lower Middle Market Consumer Investors. For more information, please visit www.bregalpartners.com.
Answer:
|
The Mochi Ice Cream Co. and Lakeview Capital Inc. Announce a Strategic Partnership With Bregal Partners
|
NEW YORK--(BUSINESS WIRE)--The Mochi Ice Cream Co., makers of My/Mo Mochi Ice Cream and the largest branded manufacturer of mochi ice cream in North America, and its majority owner, Lakeview Capital, Inc., announced a closing of a financing in partnership with Bregal Partners, a New-York based private equity firm focused on investing in middle market companies within consumer and food sectors and committed to promoting corporate social responsibility in all aspects of its business. Headquartered in Los Angeles, California, My/Mo Mochi Ice Cream is the creator of the modern frozen snack category and the leading national mochi ice cream brand currently available in over 30,000 retailers throughout the United States. The company has over a 100-year history and is widely credited with inventing mochi ice cream, a handheld, portion-controlled snack of premium ice cream wrapped in pillowy sweet rice dough. "We have built strong support and conviction behind our thesis of investing in companies producing internationally inspired foods and snacks in the U.S.," said Charles Yoon, Managing Partner for Bregal Partners. "As part of this thesis, we have followed My/Mo Mochis impressive growth story over the last several years and are thrilled to have the opportunity to partner with the company, its experienced management team and its owners and help continue the momentum behind this unique and innovative snack business." "We look forward to working with Bregal as a strategic and financial partner," said Jake Freeman, Director of Investments for Lakeview Capital, Inc. "Given their focus and experience in scaling middle market food and branded products companies, we believe they are the right partners for us for this next growth phase of My/Mo Mochi." "We share the same vision as Lakeview and Bregal," said Craig Berger, CEO of The Mochi Ice Cream Co. "Together with our partners, we are excited to build a leading global branded snack business and continue to disrupt through our product innovation the frozen novelty and snack markets." Bregals investment was led by Charles Yoon, Irina Krasik, Paul Kushner, and Andy Neumann. Lincoln International and Ancoris Capital Partners acted as financial advisors and Ropes & Gray acted as legal advisor to Lakeview and The Mochi Ice Cream Co. Winston & Strawn provided legal counsel to Bregal Partners. About My/Mo Mochi Ice Cream Headquartered in Los Angeles, My/Mo Mochi, creator of the Modern Frozen Snack category, is a mouthboggling, textural experience, taking premium ice cream and wrapping it in pillowy, sweet rice mochi dough. Available in a variety of fan-favorite flavors, My/Mo Mochi gives snackers a colorful and wonderfully weird snacking experience in a handheld, portion-controlled way. My/Mo Mochi products are always gluten-free, rBST free, and made without GMO ingredients. A variety of non-dairy and vegan offerings, made with creamy dreamy cashew cream, are also available. For more information, please visit www.MyMoMochi.com or come play on Instagram. About Lakeview Capital Lakeview Capital, Inc. is a Michigan-based, single-family office. About Bregal Partners Bregal Partners is a private equity firm with $1.25 billion of committed capital. Founded in 2012, the firm specializes in three core verticals: consumer and multi-unit, food and beverage, and business services. The firm invests in primarily founder-owned companies within its target industries that generate $5 to $75 million or more of EBITDA. Bregal Partners is committed to promoting corporate social responsibility in all aspects of its business. The firm was recently named one of Axials Top 50 Lower Middle Market Consumer Investors. For more information, please visit www.bregalpartners.com.
|
edtsum5364
|
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: AUBURN HILLS, Mich., March 16, 2021 /PRNewswire/ --BorgWarner Inc. (NYSE: BWA) will host an Investor Day for members of the investment community. The event will be broadcast from the company's World Headquarters in Auburn Hills, Michigan on March 23, 2021.The event will feature presentations by senior leadership of BorgWarner. It will provide insights into the company's technologies and the acceleration of its positioning and outlook in an electrified world. Continue Reading (PRNewsfoto/BorgWarner) Date: Tuesday, March 23, 2021 Time: 9:00 a.m. 12:00 p.m. (EDT) Location: Broadcast virtually from BorgWarner World Headquarters Further details will be available on our IR website at borgwarner.com/investors under Events and Presentations.If you have questions, please contact [emailprotected] or 248-754-0872.About BorgWarnerBorgWarner Inc. (NYSE: BWA) is a global product leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles. Building on its original equipment expertise, BorgWarner also brings market leading product and service solutions to the global aftermarket. With manufacturing and technical facilities in 96 locations in 24 countries, the Company employs approximately 50,000 worldwide. For more information, please visit borgwarner.com.SOURCE BorgWarner Related Links www.borgwarner.com
Answer:
|
BorgWarner to Host Virtual Investor Day on March 23, 2021
|
AUBURN HILLS, Mich., March 16, 2021 /PRNewswire/ --BorgWarner Inc. (NYSE: BWA) will host an Investor Day for members of the investment community. The event will be broadcast from the company's World Headquarters in Auburn Hills, Michigan on March 23, 2021.The event will feature presentations by senior leadership of BorgWarner. It will provide insights into the company's technologies and the acceleration of its positioning and outlook in an electrified world. Continue Reading (PRNewsfoto/BorgWarner) Date: Tuesday, March 23, 2021 Time: 9:00 a.m. 12:00 p.m. (EDT) Location: Broadcast virtually from BorgWarner World Headquarters Further details will be available on our IR website at borgwarner.com/investors under Events and Presentations.If you have questions, please contact [emailprotected] or 248-754-0872.About BorgWarnerBorgWarner Inc. (NYSE: BWA) is a global product leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles. Building on its original equipment expertise, BorgWarner also brings market leading product and service solutions to the global aftermarket. With manufacturing and technical facilities in 96 locations in 24 countries, the Company employs approximately 50,000 worldwide. For more information, please visit borgwarner.com.SOURCE BorgWarner Related Links www.borgwarner.com
|
edtsum5366
|
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)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the Code) 1. KEY INFORMATION 01 December 2020 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) (1) 5,298,257 0.99% 323,272 0.06% (2) 251,380 0.05% 2,625,834 0.49% (3) 0 0.00% 0 0.00% 5,549,637 1.03% 2,949,106 0.55% All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales 8p ordinary Purchase 98 1.1780 GBP 8p ordinary Purchase 660 1.1800 GBP 8p ordinary Purchase 1,332 1.1727 GBP 8p ordinary Purchase 6,650 1.1679 GBP 8p ordinary Purchase 13,736 1.1700 GBP 8p ordinary Purchase 20,296 1.1660 GBP 8p ordinary Purchase 33,450 1.1685 GBP 8p ordinary Purchase 920,364 1.1756 GBP 8p ordinary Sale 737 1.1720 GBP 8p ordinary Sale 14,150 1.1680 GBP (b) Cash-settled derivative transactions Class of Product Nature of dealing Number of Price per relevant description reference unit security securities 8p ordinary SWAP Long 737 1.1719 GBP 8p ordinary SWAP Short 2,090 1.1753 GBP 8p ordinary CFD Short 9,892 1.1701 GBP 8p ordinary CFD Short 23,558 1.1680 GBP 8p ordinary CFD Short 920,364 1.1756 GBP (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state none None (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state none None (c) Attachments NO 2 Dec 2020 Large Holdings Regulatory Operations 020 3134 7213 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panels Market Surveillance Unit is available for consultation in relation to the Codes disclosure requirements on +44 (0)20 7638 0129. *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panels Market Surveillance Unit. The Code can be viewed on the Panels website at www.thetakeoverpanel.org.uk.
Answer:
|
FORM 8.3 - MCCARTHY & STONE PLC
|
LONDON--(BUSINESS WIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the Code) 1. KEY INFORMATION 01 December 2020 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) (1) 5,298,257 0.99% 323,272 0.06% (2) 251,380 0.05% 2,625,834 0.49% (3) 0 0.00% 0 0.00% 5,549,637 1.03% 2,949,106 0.55% All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales 8p ordinary Purchase 98 1.1780 GBP 8p ordinary Purchase 660 1.1800 GBP 8p ordinary Purchase 1,332 1.1727 GBP 8p ordinary Purchase 6,650 1.1679 GBP 8p ordinary Purchase 13,736 1.1700 GBP 8p ordinary Purchase 20,296 1.1660 GBP 8p ordinary Purchase 33,450 1.1685 GBP 8p ordinary Purchase 920,364 1.1756 GBP 8p ordinary Sale 737 1.1720 GBP 8p ordinary Sale 14,150 1.1680 GBP (b) Cash-settled derivative transactions Class of Product Nature of dealing Number of Price per relevant description reference unit security securities 8p ordinary SWAP Long 737 1.1719 GBP 8p ordinary SWAP Short 2,090 1.1753 GBP 8p ordinary CFD Short 9,892 1.1701 GBP 8p ordinary CFD Short 23,558 1.1680 GBP 8p ordinary CFD Short 920,364 1.1756 GBP (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state none None (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state none None (c) Attachments NO 2 Dec 2020 Large Holdings Regulatory Operations 020 3134 7213 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panels Market Surveillance Unit is available for consultation in relation to the Codes disclosure requirements on +44 (0)20 7638 0129. *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panels Market Surveillance Unit. The Code can be viewed on the Panels website at www.thetakeoverpanel.org.uk.
|
edtsum5376
|
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 MATEO, Calif., April 9, 2020 /PRNewswire/ --Today,Wellpay announces it has accelerated its public launch to provide relief for the millions of people burdened by medical bills brought on by the COVID-19 crisis. In response to the surge in demand from hundreds of providers and over 12,000 patients, all patients can now access a financial hub to request zero-interest and zero-fees payment plans for new and existing medical bills, and receive free billing advocacy services.Wellpay will also waive all platform fees for healthcare providers, offering immediate administrative and financial relief for providers and their front line staff. "As the spread of COVID-19 continues, many Americans find themselves experiencing unprecedented financial hardship due to unanticipated employment terminations, layoffs, and changes in health insurance coverage, compounding the already stressful medical billing and payment situations," said Mohammad Gaber, CEO and co-founder, Wellpay. "Likewise, medical providers are working harder than ever to profitably run their practices, and deliver quality care. Our independent healthcare providers are the backbone of our healthcare system. With this pandemic they're struggling to make ends meet while grappling with the complexities and operational burdens of patient billing." Wellpay's financial technology platform, powered by machine learning, enables patients to securely pay medical bills in seconds, or upload medical bills they wish to pay over time - Wellpay then negotiates, facilitates disputes, or provides a zero-interest, zero-fees plan. All payment plans, bill management, and communication is handled via the Wellpay platform. COVID-19 patients get a dedicated advocate for support via SMS text message. Patients can start by visiting wellpay.com or texting "Zero" to 80578. For medical providers - including urgent care centers, dentists, primary care physicians, OB-GYN, psychiatrists, chiropractors and more - Wellpay eliminates the burden of patient payment efforts thus freeing up time to use where it truly matters: treating and improving the health of patients. Wellpay is also announcing that it has raised $3.8 million in financing from lead investors 8vc, Mubadala Capital-Ventures, Montage Ventures, TTCER, and Advisors.fund.With the new funding, Wellpay has been able to open the service earlier than originally planned in order to support hugely increased demand from both patients and providers across America. "Good health and financial security shouldn't be mutually exclusive," said Alaa Halawa, Co-head of US Ventures, Mubadala Capital-Ventures. "Many Americans struggle with difficult decisions about their medical care, including whether or not to seek diagnoses or treatments in light of their financial situation. Wellpay helps to alleviate this problem by offering socially responsible solutions that improve the results and trust for providers and patients alike." "We had planned to launch our national rollout later this year to transform the financial experiences of patients and providers alike, but given the financial and medical duress that many are experiencing due to COVID-19, we are opening up our beta to everyone effective immediately," said Mohammad Gaber, CEO and co-founder, Wellpay. "Our country and world are now confronting an unprecedented healthcare and economic crisis. As a mission-driven team, we knew that this moment demanded of us to focus on the urgent needs of our community. Health and economic wellbeing go hand-in-hand." To learn more about how to sign up as either a patient or provider, visit wellpay.com. About WellpayWellpay is on a mission to remove financial barriers from healthcare. Its intelligent fintech platform offers easy-to-understand bills, payment dispute resolution, and convenient dignified 0% and $0 fees pay over time options to ensure that quality healthcare is available for everyone, worry-free and hassle-free.The platform is available to patients, healthcare providers, and groups. Media ContactAndrea Heuer for Wellpay[emailprotected] SOURCE Wellpay Related Links http://www.wellpay.com
Answer:
|
Wellpay Launches Intelligent Patient Financial Hub, Medical Bill Advocacy and Waives Healthcare Provider Fees During COVID-19 Pandemic Raises Funding from 8vc, Mubadala Capital-Ventures and Montage Ventures
|
SAN MATEO, Calif., April 9, 2020 /PRNewswire/ --Today,Wellpay announces it has accelerated its public launch to provide relief for the millions of people burdened by medical bills brought on by the COVID-19 crisis. In response to the surge in demand from hundreds of providers and over 12,000 patients, all patients can now access a financial hub to request zero-interest and zero-fees payment plans for new and existing medical bills, and receive free billing advocacy services.Wellpay will also waive all platform fees for healthcare providers, offering immediate administrative and financial relief for providers and their front line staff. "As the spread of COVID-19 continues, many Americans find themselves experiencing unprecedented financial hardship due to unanticipated employment terminations, layoffs, and changes in health insurance coverage, compounding the already stressful medical billing and payment situations," said Mohammad Gaber, CEO and co-founder, Wellpay. "Likewise, medical providers are working harder than ever to profitably run their practices, and deliver quality care. Our independent healthcare providers are the backbone of our healthcare system. With this pandemic they're struggling to make ends meet while grappling with the complexities and operational burdens of patient billing." Wellpay's financial technology platform, powered by machine learning, enables patients to securely pay medical bills in seconds, or upload medical bills they wish to pay over time - Wellpay then negotiates, facilitates disputes, or provides a zero-interest, zero-fees plan. All payment plans, bill management, and communication is handled via the Wellpay platform. COVID-19 patients get a dedicated advocate for support via SMS text message. Patients can start by visiting wellpay.com or texting "Zero" to 80578. For medical providers - including urgent care centers, dentists, primary care physicians, OB-GYN, psychiatrists, chiropractors and more - Wellpay eliminates the burden of patient payment efforts thus freeing up time to use where it truly matters: treating and improving the health of patients. Wellpay is also announcing that it has raised $3.8 million in financing from lead investors 8vc, Mubadala Capital-Ventures, Montage Ventures, TTCER, and Advisors.fund.With the new funding, Wellpay has been able to open the service earlier than originally planned in order to support hugely increased demand from both patients and providers across America. "Good health and financial security shouldn't be mutually exclusive," said Alaa Halawa, Co-head of US Ventures, Mubadala Capital-Ventures. "Many Americans struggle with difficult decisions about their medical care, including whether or not to seek diagnoses or treatments in light of their financial situation. Wellpay helps to alleviate this problem by offering socially responsible solutions that improve the results and trust for providers and patients alike." "We had planned to launch our national rollout later this year to transform the financial experiences of patients and providers alike, but given the financial and medical duress that many are experiencing due to COVID-19, we are opening up our beta to everyone effective immediately," said Mohammad Gaber, CEO and co-founder, Wellpay. "Our country and world are now confronting an unprecedented healthcare and economic crisis. As a mission-driven team, we knew that this moment demanded of us to focus on the urgent needs of our community. Health and economic wellbeing go hand-in-hand." To learn more about how to sign up as either a patient or provider, visit wellpay.com. About WellpayWellpay is on a mission to remove financial barriers from healthcare. Its intelligent fintech platform offers easy-to-understand bills, payment dispute resolution, and convenient dignified 0% and $0 fees pay over time options to ensure that quality healthcare is available for everyone, worry-free and hassle-free.The platform is available to patients, healthcare providers, and groups. Media ContactAndrea Heuer for Wellpay[emailprotected] SOURCE Wellpay Related Links http://www.wellpay.com
|
edtsum5380
|
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: IRVING, Texas, April 29, 2021 /PRNewswire/ --Chicken-fried, scratch-made, hand-sauced and hand-tossed, 7-Eleven, Inc. is giving hungry customers more restaurant-quality dining options than ever before. The convenience retailer continues to make strides in the quick-serve restaurant arena with its newest Evolution Store in Manassas, Virginia the first to offer customers two restaurant options in one location. Its popular Raise the Roost Chicken and Biscuits restaurant, which opened its first location a year ago in Manhattan, will be joined at the Manassas store by Parlor Pizza, an onsite pizzeria with hand-tossed made-to-order pizzas. 7-Eleven, Inc. is giving hungry customers more restaurant-quality dining options than ever before. The convenience retailer continues to make strides in the quick-serve restaurant arena with its newest Evolution Store in Manassas, Virginia the first to offer customers two restaurant options in one location. Its popular Raise the Roost Chicken and Biscuits restaurant will be joined at the Manassas store by Parlor Pizza, an onsite pizzeria with hand-tossed made-to-order pizzas. Located at 10601 Lomond Drive, the new combination 7-Eleven Evolution Store is approximately 30 miles of Washington, D.C., where it operates another Evolution Store with a Laredo Taco Company restaurant. One of just eight experiential stores 7-Eleven operates in the U.S., the Manassas Evolution Store has several other exclusive features such as a well-stocked Wine Cellar and Beer Cooler, fresh-baked-on-site croissants and cookies, customized espresso drinks, and artisan craft sodas and sparkling waters. "Since 7-Eleven began selling milk and bread from an ice dock in 1927, our spirit of innovation has allowed us to evolve to meet the ever-changing needs of customers for over 90 years," said 7-Eleven Executive Vice President and Chief Operating Officer Chris Tanco. "Today's opportunity is in the QSR space, and we are responding by aggressively rolling out our restaurants across the country both in Evolution Stores and beyond. Our plan is to open nearly 150 restaurants in 2021." Billed as "Chicken Worth Crossing the Road For," Raise the Roost offers a simple menuoffried chicken tenders hand-breaded with a proprietary blend of southern spices,freshly bakedflakybiscuits, bone-in and boneless wings tossedwith "made in coop" sauces, signature chicken sandwiches, and breakfast sandwiches. The in-storerestaurant offers both made-to-order and grab-and-go options.Parlor features a fullpizzeria menu andincludes New York-style pizzas. calzones, garlic knots, pepperoni rolls, and hot and cold sub sandwiches. Customers can choose bakedwhole pizzas or slices or select made to order18-inch hand-tossed pizzaswith premium ingredients including 100-percent whole milk mozzarella cheese. Specialty pizzas with premium ingredients created by the restaurant team are also on the menu. A conveyer-style oven ensures pizzas,calzones and other baked items are ready in minutes.The two onsite restaurants are located side by side inside the store, with separate ordering counters and shared indoor and outdoor seating. In keeping with its experiential, experimental vibe, the Manassas Evolution Store also is the first Evolution Store to serve as a real-world testing ground for 7-Eleven's Sips and Snacks emerging brands program. Customers will be able to purchase items they won't find at many other 7-Eleven stores or retailers. Since 2018, 7-Eleven has hosted an invitation-only showcase for up-and-coming entrepreneurs to present their most innovative products. Hundreds apply to participate, but fewer than 100 are invited. Franchisees and company employees vote on their favorites, and the hand-picked winners land on store shelves where customers have the ultimate say. Some of the winning brands include Koia, Perfect Bar, Roar, Bitchin' Sauce and Mush.Each 7Eleven Evolution Store is an experiential testing ground where customers can try and buy the retailer's latest innovations in a pioneering store format. In addition to the Manassas location, the retailer operates these high-concept stores inNorth Texas, New York City,Washington, D.C.,San Diego. All Evolution Stores include a restaurant concept.7-Eleven continues to adapt and respond to the shifting pandemic environment with enhanced standards and procedures for hygiene, handwashing, sanitation, and food handling and preparation in stores. That includes increased frequency of cleaning high-touch surfaces and self-serve food and beverage areas. All store associates are required to wear masks and gloves when serving customers. Acrylic shields have been installed at checkout registers as added protection for customers and employees. Asked to practice 6-foot physical distancing when in the checkout line, customers also have access to disposable gloves, tissues and sanitizer stations while shopping.About 7-Eleven, Inc.Are you still reading this? Awesome. Most people stop when they get to the small print. But not you! You get to read the cool stuff. 7-Eleven, Inc. is the premier name in the convenience-retailing industry. They don't like to brag, but they invented convenience stores. For real. Google it. Based inIrving, Texas, 7-Eleven operates, franchises and/or licenses more than 73,000 stores in 16 countries and regions, including 12,000 inNorth America. Known for its iconic brands such as Slurpee, Big Bite and Big Gulp, 7-Eleven has expanded into high-quality sandwiches, salads, side dishes, cut fruit and protein boxes, as well as pizza, chicken wings and mini beef tacos. Mmmmm, tacos. 7-Eleven offers customers industry-leading private brand products under the 7-Select brand including healthy options, decadent treats and everyday favorites at an outstanding value. Customers can earn and redeem points on various items in stores nationwide through its 7Rewards loyalty program with more than 40 million members, place an order in the 7NOW delivery app in over1,300 cities, or rely on 7-Eleven for bill payment service, self-service lockers and other convenient services. Find out more online atwww.7-Eleven.com, via the 7Rewards customer loyalty platform on the 7-Eleven mobile app, or on social media at Facebook, TwitterandInstagram. Also, they trademarked the word "Brainfreeze." No lie. Thanks for sticking with this. You're unstoppable.SOURCE 7-Eleven, Inc. Related Links http://www.7-eleven.com
Answer:
|
7-Eleven Doubles Up on Restaurant Concepts in Newest Evolution Store First Store with Two Restaurants Offers Hand-Breaded Fried Chicken at Raise the Roost Chicken and Biscuits, New York-style Hand-Tossed Pizzas at Parlor Pizza
|
IRVING, Texas, April 29, 2021 /PRNewswire/ --Chicken-fried, scratch-made, hand-sauced and hand-tossed, 7-Eleven, Inc. is giving hungry customers more restaurant-quality dining options than ever before. The convenience retailer continues to make strides in the quick-serve restaurant arena with its newest Evolution Store in Manassas, Virginia the first to offer customers two restaurant options in one location. Its popular Raise the Roost Chicken and Biscuits restaurant, which opened its first location a year ago in Manhattan, will be joined at the Manassas store by Parlor Pizza, an onsite pizzeria with hand-tossed made-to-order pizzas. 7-Eleven, Inc. is giving hungry customers more restaurant-quality dining options than ever before. The convenience retailer continues to make strides in the quick-serve restaurant arena with its newest Evolution Store in Manassas, Virginia the first to offer customers two restaurant options in one location. Its popular Raise the Roost Chicken and Biscuits restaurant will be joined at the Manassas store by Parlor Pizza, an onsite pizzeria with hand-tossed made-to-order pizzas. Located at 10601 Lomond Drive, the new combination 7-Eleven Evolution Store is approximately 30 miles of Washington, D.C., where it operates another Evolution Store with a Laredo Taco Company restaurant. One of just eight experiential stores 7-Eleven operates in the U.S., the Manassas Evolution Store has several other exclusive features such as a well-stocked Wine Cellar and Beer Cooler, fresh-baked-on-site croissants and cookies, customized espresso drinks, and artisan craft sodas and sparkling waters. "Since 7-Eleven began selling milk and bread from an ice dock in 1927, our spirit of innovation has allowed us to evolve to meet the ever-changing needs of customers for over 90 years," said 7-Eleven Executive Vice President and Chief Operating Officer Chris Tanco. "Today's opportunity is in the QSR space, and we are responding by aggressively rolling out our restaurants across the country both in Evolution Stores and beyond. Our plan is to open nearly 150 restaurants in 2021." Billed as "Chicken Worth Crossing the Road For," Raise the Roost offers a simple menuoffried chicken tenders hand-breaded with a proprietary blend of southern spices,freshly bakedflakybiscuits, bone-in and boneless wings tossedwith "made in coop" sauces, signature chicken sandwiches, and breakfast sandwiches. The in-storerestaurant offers both made-to-order and grab-and-go options.Parlor features a fullpizzeria menu andincludes New York-style pizzas. calzones, garlic knots, pepperoni rolls, and hot and cold sub sandwiches. Customers can choose bakedwhole pizzas or slices or select made to order18-inch hand-tossed pizzaswith premium ingredients including 100-percent whole milk mozzarella cheese. Specialty pizzas with premium ingredients created by the restaurant team are also on the menu. A conveyer-style oven ensures pizzas,calzones and other baked items are ready in minutes.The two onsite restaurants are located side by side inside the store, with separate ordering counters and shared indoor and outdoor seating. In keeping with its experiential, experimental vibe, the Manassas Evolution Store also is the first Evolution Store to serve as a real-world testing ground for 7-Eleven's Sips and Snacks emerging brands program. Customers will be able to purchase items they won't find at many other 7-Eleven stores or retailers. Since 2018, 7-Eleven has hosted an invitation-only showcase for up-and-coming entrepreneurs to present their most innovative products. Hundreds apply to participate, but fewer than 100 are invited. Franchisees and company employees vote on their favorites, and the hand-picked winners land on store shelves where customers have the ultimate say. Some of the winning brands include Koia, Perfect Bar, Roar, Bitchin' Sauce and Mush.Each 7Eleven Evolution Store is an experiential testing ground where customers can try and buy the retailer's latest innovations in a pioneering store format. In addition to the Manassas location, the retailer operates these high-concept stores inNorth Texas, New York City,Washington, D.C.,San Diego. All Evolution Stores include a restaurant concept.7-Eleven continues to adapt and respond to the shifting pandemic environment with enhanced standards and procedures for hygiene, handwashing, sanitation, and food handling and preparation in stores. That includes increased frequency of cleaning high-touch surfaces and self-serve food and beverage areas. All store associates are required to wear masks and gloves when serving customers. Acrylic shields have been installed at checkout registers as added protection for customers and employees. Asked to practice 6-foot physical distancing when in the checkout line, customers also have access to disposable gloves, tissues and sanitizer stations while shopping.About 7-Eleven, Inc.Are you still reading this? Awesome. Most people stop when they get to the small print. But not you! You get to read the cool stuff. 7-Eleven, Inc. is the premier name in the convenience-retailing industry. They don't like to brag, but they invented convenience stores. For real. Google it. Based inIrving, Texas, 7-Eleven operates, franchises and/or licenses more than 73,000 stores in 16 countries and regions, including 12,000 inNorth America. Known for its iconic brands such as Slurpee, Big Bite and Big Gulp, 7-Eleven has expanded into high-quality sandwiches, salads, side dishes, cut fruit and protein boxes, as well as pizza, chicken wings and mini beef tacos. Mmmmm, tacos. 7-Eleven offers customers industry-leading private brand products under the 7-Select brand including healthy options, decadent treats and everyday favorites at an outstanding value. Customers can earn and redeem points on various items in stores nationwide through its 7Rewards loyalty program with more than 40 million members, place an order in the 7NOW delivery app in over1,300 cities, or rely on 7-Eleven for bill payment service, self-service lockers and other convenient services. Find out more online atwww.7-Eleven.com, via the 7Rewards customer loyalty platform on the 7-Eleven mobile app, or on social media at Facebook, TwitterandInstagram. Also, they trademarked the word "Brainfreeze." No lie. Thanks for sticking with this. You're unstoppable.SOURCE 7-Eleven, Inc. Related Links http://www.7-eleven.com
|
edtsum5389
|
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, Nov. 26, 2020 /PRNewswire/ -- The "HLA Typing Market by Product, by Technology, by Application, by End-Users, Geography Forecast up to 2026" report has been added to ResearchAndMarkets.com's offering. The HLA typing market is expected to reach USD 990.12 million by 2026 from USD 659.75 million in 2020, at a CAGR of ~7.0%.The factors which are majorly driving this market are innovative technologies in the transplant procedures and increasing transplant procedures, a large number of research and development activities in this field of HLA Typing. Molecular tests include high expenses for the HLA typing test, which is standing as a constraint in this market. Globally, HLA Typing market is playing a major role in the transplant diagnostic field, giving an accurate analysis of the person's immune system for further transplantation process. An increase in the adoption of cross-matching and chimerism testing during post and pre-transplantation gives the opportunity in the market. However, due to the number of donors compared to donor accepters are very less, the market is facing a major challenge in the growth of the market.There is a rapid growth in the demand for transplant diagnostic products due to factors such as public and private increased funding in target research activities. Majorly the increase in certain diseases such as blood cancers, genetic blood disorders where stem cell transplantation is required, this situation is expected to drive the HLA Typing market. However, the limited reimbursements for target procedures are a restrain for this market. The global HLA (Human Leukocyte Antigen) Typing market is segmented based on end-user. The segment of independent reference laboratories accounted for the largest share in the market due to the increased demand for organ transplant procedures, improved and automated diagnostic laboratories, increasing research and development activities outsourced by pharmaceutical and biotechnology companies to independent reference laboratories. The global HLA Typing market is segmented based on end-user. The independent reference laboratories segment, which accounted for the largest share in the market with increased demand for organ transplant procedures, improved and automated diagnostic laboratories, increasing research and development activities outsourced by pharmaceutical and biotechnology companies to independent reference laboratories. Further, HLA Typing market segmentation based on product and service includes Reagents & Consumables, Instruments, Software & Services. In this market segment, reagents and consumables play a major role in the market growth because of the early patient profiling during organ transplantation. Based on technology, the market is divided into molecular assay technologies and non- molecular technologies. By analysis, the molecular assay technology has the majority of the demand in the HLA typing. The molecular assay technology consumes less time as compared to other technology and gives effective results that support market growth. Moreover, the HLA Typing market based on region is segmented into four regions, including North America, Europe, Asia Pacific, and RoW. Further, the North America region is accounted for the largest share of the transplant market due to the well-developed market for medical devices, highly improvised healthcare system, a rapid increase in the adoption of the innovative transplant diagnostic technologies.Some of the prominent players in the HLA Typing Market are Thermo Fisher Scientific, Inc., Omixon, CareDx, Inc, QIAGEN N.V., Luminex, Biofortuna, Illumina, Bio-Rad Laboratories, Inc., Takara Bio, TBG Diagnostics Ltd., and F. Hoffman-La Roche Ltd.Moreover, the awareness about organ donation and transplantation across the developing countries and emerging technologies are supporting the HLA Typing Market growth globally. This report will enable the market players to understand the key market trends, market dynamics, and critical needs of the end-users. The qualitative and quantitative analysis covered in the study would enhance the user utility of the report.Key Topics Covered: Executive SummaryIndustry Outlook Industry Overview Industry Trends Market Snapshot Market Definition Market Outlook PEST Analysis Porter Five Forces Related Markets Market characteristics Market Evolution Market Trends and Impact Advantages/Disadvantages of Market Regulatory Impact Market Offerings Market Segmentation Market Dynamics Drivers Restraints Opportunities DRO - Impact Analysis Technology: Market Size & Analysis Overview Molecular Assay Technologies Non-molecular Assay Technologies Application: Market Size & Analysis Overview Diagnostic Applications Antibody Screening Chimerism Monitoring Others Research Applications Product: Market Size & Analysis Overview Reagents & Consumables Instruments Software & Services End User: Market Size & Analysis Overview Independent Reference Laboratories Hospitals & Transplant Centers Research Laboratories & Academic Institutes Geography: Market Size & Analysis Overview North America Europe Asia Pacific Rest of the World Competitive Landscape Competitor Comparison Analysis Market Developments Mergers and Acquisitions, Legal, Awards, Partnerships Product Launches and execution Vendor Profiles Thermo Fisher Scientific Inc. Overview Product Offerings Geographic Revenue Business Units Developments SWOT Analysis Business Strategy F. Hoffman-La Roche Limited Qiagen Immucor Abbott Laboratories Inc Luminex Biofortuna Omixon Creative Biolabs Tbg Diagnostics Limited Companies to Watch Caredx, Inc. Overview Market Business Strategy Illumina Bio-Rad Laboratories Alpha Biotech, Ltd. Gendx Histogenetics Llc Pacific Biosciences of California, Inc. Hansa Biopharma Ab Bag Healthcare Takara Bio Analyst OpinionFor more information about this report visit https://www.researchandmarkets.com/r/ela1l2 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 HLA (Human Leukocyte Antigen) Market Report 2020-2026: Focus on Reagents & Consumables, Instruments, and Software & Services
|
DUBLIN, Nov. 26, 2020 /PRNewswire/ -- The "HLA Typing Market by Product, by Technology, by Application, by End-Users, Geography Forecast up to 2026" report has been added to ResearchAndMarkets.com's offering. The HLA typing market is expected to reach USD 990.12 million by 2026 from USD 659.75 million in 2020, at a CAGR of ~7.0%.The factors which are majorly driving this market are innovative technologies in the transplant procedures and increasing transplant procedures, a large number of research and development activities in this field of HLA Typing. Molecular tests include high expenses for the HLA typing test, which is standing as a constraint in this market. Globally, HLA Typing market is playing a major role in the transplant diagnostic field, giving an accurate analysis of the person's immune system for further transplantation process. An increase in the adoption of cross-matching and chimerism testing during post and pre-transplantation gives the opportunity in the market. However, due to the number of donors compared to donor accepters are very less, the market is facing a major challenge in the growth of the market.There is a rapid growth in the demand for transplant diagnostic products due to factors such as public and private increased funding in target research activities. Majorly the increase in certain diseases such as blood cancers, genetic blood disorders where stem cell transplantation is required, this situation is expected to drive the HLA Typing market. However, the limited reimbursements for target procedures are a restrain for this market. The global HLA (Human Leukocyte Antigen) Typing market is segmented based on end-user. The segment of independent reference laboratories accounted for the largest share in the market due to the increased demand for organ transplant procedures, improved and automated diagnostic laboratories, increasing research and development activities outsourced by pharmaceutical and biotechnology companies to independent reference laboratories. The global HLA Typing market is segmented based on end-user. The independent reference laboratories segment, which accounted for the largest share in the market with increased demand for organ transplant procedures, improved and automated diagnostic laboratories, increasing research and development activities outsourced by pharmaceutical and biotechnology companies to independent reference laboratories. Further, HLA Typing market segmentation based on product and service includes Reagents & Consumables, Instruments, Software & Services. In this market segment, reagents and consumables play a major role in the market growth because of the early patient profiling during organ transplantation. Based on technology, the market is divided into molecular assay technologies and non- molecular technologies. By analysis, the molecular assay technology has the majority of the demand in the HLA typing. The molecular assay technology consumes less time as compared to other technology and gives effective results that support market growth. Moreover, the HLA Typing market based on region is segmented into four regions, including North America, Europe, Asia Pacific, and RoW. Further, the North America region is accounted for the largest share of the transplant market due to the well-developed market for medical devices, highly improvised healthcare system, a rapid increase in the adoption of the innovative transplant diagnostic technologies.Some of the prominent players in the HLA Typing Market are Thermo Fisher Scientific, Inc., Omixon, CareDx, Inc, QIAGEN N.V., Luminex, Biofortuna, Illumina, Bio-Rad Laboratories, Inc., Takara Bio, TBG Diagnostics Ltd., and F. Hoffman-La Roche Ltd.Moreover, the awareness about organ donation and transplantation across the developing countries and emerging technologies are supporting the HLA Typing Market growth globally. This report will enable the market players to understand the key market trends, market dynamics, and critical needs of the end-users. The qualitative and quantitative analysis covered in the study would enhance the user utility of the report.Key Topics Covered: Executive SummaryIndustry Outlook Industry Overview Industry Trends Market Snapshot Market Definition Market Outlook PEST Analysis Porter Five Forces Related Markets Market characteristics Market Evolution Market Trends and Impact Advantages/Disadvantages of Market Regulatory Impact Market Offerings Market Segmentation Market Dynamics Drivers Restraints Opportunities DRO - Impact Analysis Technology: Market Size & Analysis Overview Molecular Assay Technologies Non-molecular Assay Technologies Application: Market Size & Analysis Overview Diagnostic Applications Antibody Screening Chimerism Monitoring Others Research Applications Product: Market Size & Analysis Overview Reagents & Consumables Instruments Software & Services End User: Market Size & Analysis Overview Independent Reference Laboratories Hospitals & Transplant Centers Research Laboratories & Academic Institutes Geography: Market Size & Analysis Overview North America Europe Asia Pacific Rest of the World Competitive Landscape Competitor Comparison Analysis Market Developments Mergers and Acquisitions, Legal, Awards, Partnerships Product Launches and execution Vendor Profiles Thermo Fisher Scientific Inc. Overview Product Offerings Geographic Revenue Business Units Developments SWOT Analysis Business Strategy F. Hoffman-La Roche Limited Qiagen Immucor Abbott Laboratories Inc Luminex Biofortuna Omixon Creative Biolabs Tbg Diagnostics Limited Companies to Watch Caredx, Inc. Overview Market Business Strategy Illumina Bio-Rad Laboratories Alpha Biotech, Ltd. Gendx Histogenetics Llc Pacific Biosciences of California, Inc. Hansa Biopharma Ab Bag Healthcare Takara Bio Analyst OpinionFor more information about this report visit https://www.researchandmarkets.com/r/ela1l2 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
|
edtsum5401
|
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, Oct. 22, 2020 /PRNewswire/ -- AT&F is pleased to announce another major investment in cutting technology. The heavy-duty gantry shape cutting machine includes 5-axis and dual plate capabilities, as well as next-generation software for faster operation and reduced setup time. The newly installed equipment will serve industries including construction, mining, defense, energy, transportation, and any project that requires heavy plate processing. This investment perfectly aligns with AT&F's core focus to Build, Protect, Energize, and Move the World through metal fabricating. Continue Reading The heavy-duty gantry shape cutting machine includes 5-axis and dual plate capabilities Tweet this (PRNewsfoto/AT&F) (PRNewsfoto/AT&F) Oxy-fuel Cutting CapabilitiesThis innovative cutting system has the ability to oxy-fuel cut up to 6" thick steel and has laser marking capabilities. A three-torch system can create a double bevel in one pass. Other features include: Accurate beveled edges on carbon steel from 20-50 degrees Fully programable tilt angles and torch offsets are adjusted quickly Accurate beveling is achieved using a precision tactile sensor that follows the plate surface Plasma Cutting CapabilitiesThe 5-axis cutting machine has Smart Bevel Technology, resulting in high reliability maximizing uptime. Other plasma cutting specifications of this machine include: Cutting up to 2" thick on carbon steel, stainless steel, and aluminum Allows bevel cutting up to 2" thick at 45 degrees Delivers outstanding performances on carbon steel Superior cutting results on non-ferrous metals Plasma cutting up to 400 Amps Plasma marking and cutting with same torch According to Ken Ripich, EVP of AT&F, "Our customers continue to challenge AT&F to stay out in front of technology advancements in cutting, forming, rolling, welding, and machining. This newly installed machine is the Goliath of cutting systems and further demonstrates AT&F's commitment to invest in our customers' success. We can handle plates up to 15' wide and our table length is 150'. This gives us the ability to set up for continuous production and our downtime is minimal thanks to an automated slag removal system." Please contact AT&F today with your next high-volume cutting requirement.AboutAT&F has over 80 years of experience, impressive equipment capabilities, and quality embedded in their DNA. These qualities are aligned withAT&F's core focusto Build, Protect, Energize, and Move the World through metal fabricating. The company is committed to investing in customer success. AT&F is ISO 9001:2015 certified with 700,000 square feet of manufacturing space in multiple locations, including Cleveland and Orrville, Ohio, and Manitowoc, Wisconsin.Media & RFQ Contact: Ken Ripich, Phone number: 1-216-252-1500, Email: [emailprotected] SOURCE AT&F Related Links http://www.atfco.com
Answer:
|
Steel Fabricator AT&F Installs Massive 5-Axis Cutting System
|
CLEVELAND, Oct. 22, 2020 /PRNewswire/ -- AT&F is pleased to announce another major investment in cutting technology. The heavy-duty gantry shape cutting machine includes 5-axis and dual plate capabilities, as well as next-generation software for faster operation and reduced setup time. The newly installed equipment will serve industries including construction, mining, defense, energy, transportation, and any project that requires heavy plate processing. This investment perfectly aligns with AT&F's core focus to Build, Protect, Energize, and Move the World through metal fabricating. Continue Reading The heavy-duty gantry shape cutting machine includes 5-axis and dual plate capabilities Tweet this (PRNewsfoto/AT&F) (PRNewsfoto/AT&F) Oxy-fuel Cutting CapabilitiesThis innovative cutting system has the ability to oxy-fuel cut up to 6" thick steel and has laser marking capabilities. A three-torch system can create a double bevel in one pass. Other features include: Accurate beveled edges on carbon steel from 20-50 degrees Fully programable tilt angles and torch offsets are adjusted quickly Accurate beveling is achieved using a precision tactile sensor that follows the plate surface Plasma Cutting CapabilitiesThe 5-axis cutting machine has Smart Bevel Technology, resulting in high reliability maximizing uptime. Other plasma cutting specifications of this machine include: Cutting up to 2" thick on carbon steel, stainless steel, and aluminum Allows bevel cutting up to 2" thick at 45 degrees Delivers outstanding performances on carbon steel Superior cutting results on non-ferrous metals Plasma cutting up to 400 Amps Plasma marking and cutting with same torch According to Ken Ripich, EVP of AT&F, "Our customers continue to challenge AT&F to stay out in front of technology advancements in cutting, forming, rolling, welding, and machining. This newly installed machine is the Goliath of cutting systems and further demonstrates AT&F's commitment to invest in our customers' success. We can handle plates up to 15' wide and our table length is 150'. This gives us the ability to set up for continuous production and our downtime is minimal thanks to an automated slag removal system." Please contact AT&F today with your next high-volume cutting requirement.AboutAT&F has over 80 years of experience, impressive equipment capabilities, and quality embedded in their DNA. These qualities are aligned withAT&F's core focusto Build, Protect, Energize, and Move the World through metal fabricating. The company is committed to investing in customer success. AT&F is ISO 9001:2015 certified with 700,000 square feet of manufacturing space in multiple locations, including Cleveland and Orrville, Ohio, and Manitowoc, Wisconsin.Media & RFQ Contact: Ken Ripich, Phone number: 1-216-252-1500, Email: [emailprotected] SOURCE AT&F Related Links http://www.atfco.com
|
edtsum5405
|
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: HOUSTON, July 20, 2020 /PRNewswire/ --Flex Technology Group (FTG) is pleased to announce the appointment of Ron Nielson as the new president of FTG Texas, formerly known as Marimon Business Systems. Nielson filled the position earlier this year and will continue to lead the company as it moves forward under its new identity, FTG Texas, made effective July 1, 2020. Continue Reading Flex Technology Group (FTG) is pleased to announce the appointment of Ron Nielson as the new president of FTG Texas, formerly known as Marimon Business Systems. Ron Nielson holds three decades of executive leadership from well-known companies such as IKON and Ricoh. Joining Flex Technology Group as Vice President of Sales and Marketing in 2018, he was brought on to further enhance the company's customer-centric approach to create innovative, value-based solutions. It's his extremely outcome-driven mentality and focus on people development that has supported FTG's success during the organization's period of hyper-growth. Now located in Houston as the President of FTG Texas, he continues to deliver business growth, develops his people, and ensures that customers receive the same outstanding service they're used to. "Ron is the right leader for FTG Texas," said Frank Gaspari, CEO of Flex Technology Group. "His extensive background in the industry and business development skills will help FTG Texas aggressively grow our business and expand our national sales presence in the state of Texas." Nielson's promotion has been effective since February of this year. He will continue to report to Tom Callinan, President of Flex Technology Group.About FTG TexasSince 1978, FTG of Texas has provided comprehensive business solutions using award-winning technology and services designed to increase overall efficiency and boost productivity, all while saving you money. The foundation of our success has been built on anticipating client needs and delivering unique business solutions that allow you to operate leaner and be more responsive than ever before. That is why everything we do is designed to maximize your investment, minimize downtime, and optimize your document workflow. Our range of products and services are simply unmatched. We have partnered with the best in the industry, Canon, and Lexmark, to bring you state-of-the-art technology and best-in-class products to deliver a customized solution to fit your specific business needs. Our only goal is to help you work smarter, faster, and more efficiently so you can stay ahead of the competition. We are essential for business. For additional info please go towww.FTG-Texas.com.About Flex Technology GroupFlex Technology Group, which today includes 18 companies, provides customized office technology solutions for national and leading-edge regional companies. The company focuses on print, document management, document production, and managed IT solutions, representing industry-leading suppliers such as Canon, Ricoh, Konica Minolta, HP, Lexmark, and various software solutions. FTG services almost 35,000 customers nationally. For additional information, please visitwww.FlexTG.com.Related Imagesflex-technology-group-appoints-ron.png Flex Technology Group Appoints Ron Nielson to President of FTG Texas Flex Technology Group (FTG) is pleased to announce the appointment of Ron Nielson as the new president of FTG Texas, formerly known as Marimon Business Systems. Related LinksFTG Texas Flex Technology Group SOURCE Flex Technology Group
Answer:
|
Flex Technology Group Appoints Ron Nielson to President of FTG Texas
|
HOUSTON, July 20, 2020 /PRNewswire/ --Flex Technology Group (FTG) is pleased to announce the appointment of Ron Nielson as the new president of FTG Texas, formerly known as Marimon Business Systems. Nielson filled the position earlier this year and will continue to lead the company as it moves forward under its new identity, FTG Texas, made effective July 1, 2020. Continue Reading Flex Technology Group (FTG) is pleased to announce the appointment of Ron Nielson as the new president of FTG Texas, formerly known as Marimon Business Systems. Ron Nielson holds three decades of executive leadership from well-known companies such as IKON and Ricoh. Joining Flex Technology Group as Vice President of Sales and Marketing in 2018, he was brought on to further enhance the company's customer-centric approach to create innovative, value-based solutions. It's his extremely outcome-driven mentality and focus on people development that has supported FTG's success during the organization's period of hyper-growth. Now located in Houston as the President of FTG Texas, he continues to deliver business growth, develops his people, and ensures that customers receive the same outstanding service they're used to. "Ron is the right leader for FTG Texas," said Frank Gaspari, CEO of Flex Technology Group. "His extensive background in the industry and business development skills will help FTG Texas aggressively grow our business and expand our national sales presence in the state of Texas." Nielson's promotion has been effective since February of this year. He will continue to report to Tom Callinan, President of Flex Technology Group.About FTG TexasSince 1978, FTG of Texas has provided comprehensive business solutions using award-winning technology and services designed to increase overall efficiency and boost productivity, all while saving you money. The foundation of our success has been built on anticipating client needs and delivering unique business solutions that allow you to operate leaner and be more responsive than ever before. That is why everything we do is designed to maximize your investment, minimize downtime, and optimize your document workflow. Our range of products and services are simply unmatched. We have partnered with the best in the industry, Canon, and Lexmark, to bring you state-of-the-art technology and best-in-class products to deliver a customized solution to fit your specific business needs. Our only goal is to help you work smarter, faster, and more efficiently so you can stay ahead of the competition. We are essential for business. For additional info please go towww.FTG-Texas.com.About Flex Technology GroupFlex Technology Group, which today includes 18 companies, provides customized office technology solutions for national and leading-edge regional companies. The company focuses on print, document management, document production, and managed IT solutions, representing industry-leading suppliers such as Canon, Ricoh, Konica Minolta, HP, Lexmark, and various software solutions. FTG services almost 35,000 customers nationally. For additional information, please visitwww.FlexTG.com.Related Imagesflex-technology-group-appoints-ron.png Flex Technology Group Appoints Ron Nielson to President of FTG Texas Flex Technology Group (FTG) is pleased to announce the appointment of Ron Nielson as the new president of FTG Texas, formerly known as Marimon Business Systems. Related LinksFTG Texas Flex Technology Group SOURCE Flex Technology Group
|
edtsum5407
|
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: ANN ARBOR, Mich., Jan. 6, 2021 /PRNewswire/ --NSF International announced the acquisition of Global Trust Certification Limited, an Ireland-based company specializing in seafood certification, by NSF Certification Ireland Limited, an NSF International company. Global Trust conducts certification, auditing and inspection for clients across the globe. Terms of the agreement were not disclosed. "The acquisition of Global Trust is aligned with our strategy for NSF International and expands our capabilities and expertise in seafood standards and certification programs globally," said NSF International President and CEO Kevan Lawlor. "Global Trust has a talented team with unique expert knowledge, insights and understanding of the seafood and fishery industries, which helps clients understand how they can enhance their current sourcing policies." Global Trust, a part of SAI Global since 2012, has 87 employees and contractors supporting customers across the globe. It is headquartered in Dundalk, Ireland. "Global Trust is focused on delivering auditing and certification services for our customers around the world," said Eoghan Stedman, General Manager at Global Trust. "Our success is a direct result of our talented and dedicated employees and we're excited that this combination will enable us to continue to expand our reach and grow our business." Global Trust operates in more than 49 countries and has national and international certification contracts involving all leading seafood standards and certification programs. The organization will combine with NSF's seafood business unit. NSF International(nsf.org) is an independent, global organization that facilitates standards development, and tests and certifies products for the food, water, health sciences and consumer goods industries to minimize adverse health effects and protect the environment. Founded in 1944, NSF is committed to protecting human health and safety worldwide. With operations in 180 countries, NSF International is a Pan American Health Organization/World Health Organization (WHO) Collaborating Center on Food Safety, Water Quality and Indoor Environment. MEDIA CONTACTS NSF International: Thomas Frey, APR[emailprotected] +1.734.214.6242 SAI Global: Jacqueline Fleming, PR[emailprotected] + 1.917.573.6120 SOURCE NSF International Related Links https://www.nsf.org
Answer:
|
NSF International Acquires Global Trust Certification Ireland-based seafood certification company will combine with NSF's existing seafood business unit
|
ANN ARBOR, Mich., Jan. 6, 2021 /PRNewswire/ --NSF International announced the acquisition of Global Trust Certification Limited, an Ireland-based company specializing in seafood certification, by NSF Certification Ireland Limited, an NSF International company. Global Trust conducts certification, auditing and inspection for clients across the globe. Terms of the agreement were not disclosed. "The acquisition of Global Trust is aligned with our strategy for NSF International and expands our capabilities and expertise in seafood standards and certification programs globally," said NSF International President and CEO Kevan Lawlor. "Global Trust has a talented team with unique expert knowledge, insights and understanding of the seafood and fishery industries, which helps clients understand how they can enhance their current sourcing policies." Global Trust, a part of SAI Global since 2012, has 87 employees and contractors supporting customers across the globe. It is headquartered in Dundalk, Ireland. "Global Trust is focused on delivering auditing and certification services for our customers around the world," said Eoghan Stedman, General Manager at Global Trust. "Our success is a direct result of our talented and dedicated employees and we're excited that this combination will enable us to continue to expand our reach and grow our business." Global Trust operates in more than 49 countries and has national and international certification contracts involving all leading seafood standards and certification programs. The organization will combine with NSF's seafood business unit. NSF International(nsf.org) is an independent, global organization that facilitates standards development, and tests and certifies products for the food, water, health sciences and consumer goods industries to minimize adverse health effects and protect the environment. Founded in 1944, NSF is committed to protecting human health and safety worldwide. With operations in 180 countries, NSF International is a Pan American Health Organization/World Health Organization (WHO) Collaborating Center on Food Safety, Water Quality and Indoor Environment. MEDIA CONTACTS NSF International: Thomas Frey, APR[emailprotected] +1.734.214.6242 SAI Global: Jacqueline Fleming, PR[emailprotected] + 1.917.573.6120 SOURCE NSF International Related Links https://www.nsf.org
|
edtsum5412
|
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: TSX: WPMNYSE: WPM VANCOUVER, May 6, 2020 /PRNewswire/ - "Wheaton had a strong start to 2020 with over $177 million generated in operating cash flow in the first quarter. Given our strong financial position and the immediate needs created by the COVID-19 pandemic, Wheaton launched a $5 million fund designed to support our local communities and those around the mines from which we receive precious metal, more than doubling our budget for community support. At this time, our top priority is the health and safety of our employees and the communities in which we and our partners operate." said Randy Smallwood, President and Chief Executive Officer of Wheaton Precious Metals. "With one of the highest quality portfolios in the precious metals space, we remain confident in the strength and sustainability of our business model through this pandemic, and our ability to continue delivering shareholder value. We hope everyone stays safe and well." First Quarter Highlights: Attributable gold equivalent2 production was over 180,000 ounces in the first quarter partially driven by record attributable silver production at Peasquito. Over $177 million in operating cash flow generated in the quarter, an increase of over 50%. Net debt1 reduced by $182 million with Wheaton ending the first quarter in a net debt position of $589 million. Declared quarterly dividend1 of $0.10 per common share. At the Constancia mine, Hudbay announced the formal approval of the surface rights agreement for the higher-grade Pampacancha satellite deposit. Launched a $5 million Community Support and Response Fund combatting COVID-19. Operational Overview (all figures in US dollars unless otherwise noted) Q1 2020 Q1 2019 Change Ounces produced Gold 94,707 94,918 (0.2)% Silver 6,704 5,656 18.5 % Palladium 5,312 4,729 12.3 % Gold equivalent 2 182,241 169,098 7.8 % Ounces sold Gold 100,405 115,020 (12.7)% Silver 4,928 4,294 14.8 % Palladium 4,938 5,189 (4.8)% Gold equivalent 2 166,121 173,464 (4.2)% Revenue $ 254,789 $ 225,049 13.2 % Net earnings $ 94,896 $ 57,349 65 % Per share $ 0.212 $ 0.129 64.3 % Adjusted net earnings 1 $ 96,160 $ 56,540 70.1 % Per share 1 $ 0.215 $ 0.127 68.8 % Operating cash flows $ 177,588 $ 118,194 50.3 % Per share 1 $ 0.397 $ 0.266 49.2 % Dividends declared 1 $ 44,815 $ 40,074 11.8 % Per share $ 0.10 $ 0.09 11.1 % All amounts in thousands except gold, palladium and gold equivalent ounces produced and sold, per ounce amounts and per share amounts. Updates on COVID-19 Business Continuity and Employee Health and SafetyIn accordance with local government restrictions and guidelines, Wheaton closed its physical offices in mid-March and successfully transitioned to telecommuting for all of its employees. As Wheaton has always maintained detailed business continuity plans, the transition was seamless with an uninterrupted flow of business. Partner Mining OperationsWheaton has completed a thorough review of operations with our counterparties to better understand their policies and procedures around COVID-19. We have been advised that each operation has a crisis management team in place and will make decisions according to their local situation and applicable laws, as well as considering the health and safety of their employees. As of May 5, 2020, six partner operations located in Mexico and Peru (Constancia, Yauliyacu, San Dimas, Los Filos, Peasquito and Antamina) were temporarily suspended due to government restrictions focussed on reducing the impacts of COVID-19. The restrictions on non-essential activities in Mexico and Peru are currently scheduled to be lifted by the end of May. In 2018 and 2019, these mines accounted for 36% of the Company's gold equivalent2production. There can be no assurance that the restrictions noted above will be lifted as currently planned nor that our partners' operations that are currently operational will continue to remain operational for the duration of the COVID-19 virus pandemic. In addition, even if operational, these operations may be subject to adverse impacts on production and other impacts due to the COVID-19 virus pandemic response measures, absenteeism and otherwise as a result of the pandemic. Production GuidanceDue to the temporary suspensions noted above, Wheaton has withdrawn its production guidance for 2020. We are closely monitoring and regularly assessing the impact of the COVID-19 virus pandemic on partner mining operations; however, this pandemic is evolving rapidly and its effects are uncertain. Community Support Wheaton CSR Fund to Combat COVID-19Subsequent to the quarter, Wheaton announced the launch of a $5 million Community Support and Response Fund (the "CSR Fund") in order to support the global efforts to combat the COVID-19 virus pandemic and its impacts on our communities. The CSR Fund is designed to meet the immediate needs of the communities in which Wheaton operates and around the mines from which Wheaton receives precious metals. This fund is incremental to Wheaton's already active Community Investment Program that currently provides support to over 50 programs in multiple communities around the world. Financial Review RevenuesRevenue was $255 million in the first quarter of 2020 representing a 13% increase from the first quarter of 2019 due primarily to an 18% increase in the average realized gold equivalent price; partially offset by a 4% decrease in the number of gold equivalent ounces sold. Costs and ExpensesAverage cash costs in the first quarter of 2020 were $403 per gold equivalent ounce as compared to $399 in Q1 2019.This resulted in a cash operating margin of $1,131 per gold equivalent ounce sold, an increase of 26% as compared with Q1 2019. Balance Sheet (at March 31, 2020) Approximately $127 million of cash on hand. $716 million outstanding under the Company's $2 billion revolving term loan (the "Revolving Facility"). During Q1 2020, the Company has repaid $159 million under the Revolving Facility. During Q1 2020, the net debt was reduced by $182 million to $589 million. The average effective interest rate for the first quarter of 2020 was 3.03%. First Quarter Asset Highlights Salobo: In the first quarter of 2020, Salobo produced 62,600 ounces of attributable gold, virtually unchanged relative to the first quarter of 2019. According to Vale S.A.'s ("Vale") First Quarter 2020 Performance Report, physical completion of the Salobo III mine expansion was 47%at the end of the first quarter. Since the end of March 2020, only critical work fronts have reportedly been continued as a preventive measure related to the COVID-19 pandemic, but Vale reports that the expansion remains on track to start up in the first half of 2022. Peasquito: In the first quarter of 2020, Peasquito produced a record 2.7 million ounces of attributable silver, an increase of approximately 67% relative to the first quarter of 2019 primarily due to higher grades. San Dimas: In the first quarter of 2020, San Dimas produced 11,300 ounces of attributable gold, an increase of approximately 10% relative to the first quarter of 2019primarily due to higher throughput offset partially by slightly lower grades. Antamina: In the first quarter of 2020, Antamina produced 1.3 million ounces of attributable silver, an increase of approximately 11% relative to the first quarter of 2019, primarily due to higher grades. Constancia: In the first quarter of 2020, Constancia produced 0.5 million ounces of attributable silver and 3,700 ounces of attributable gold, a decrease of approximately 27% and 24%, respectively, relative to the first quarter of 2019 primarily due to lower grades as expected and the temporary suspension of the mine beginning on March 20, 2020.As per Wheaton's precious metals purchase agreements ("PMPA") with Hudbay Minerals Inc. ("Hudbay"), the failure to achieve a minimum level of throughput at the Pampacancha deposit during 2019 entitles Wheaton to an additional 8,020 ounces of gold in 2020 (received in quarterly installments), of which 2,005 ounces of gold was received during the first quarter of 2020 and included as production. As per Hudbay's news release dated February 18, 2020, the surface rights agreement with Hudbay for the Pampacancha satellite deposit was formally approved by the community of Chilloroya in February. In accordance with Peru's Consulta Previa law, additional consultation between the Peruvian government and the local community is required before Hudbay can begin development activities. Sudbury: In the first quarter of 2020, Sudbury produced 7,500 ounces of attributable gold, a decrease of approximately 34% relative to the first quarter of 2019 primarily due to lower grades. Other Gold:In the first quarter of 2020, total Other Gold attributable production was 6,700 ounces, an increase of approximately 50% relative to the first quarter of 2019, primarily due to the resumption of mining at the Minto mine. Produced But Not Yet Delivered 3 As at March 31, 2020, payable ounces attributable to the Company produced but not yet delivered amounted to: 88,400 payable gold ounces, a decrease of 10,100 ounces during Q1 2020, primarily the result of a draw down during the period relative to the Salobo mine. 5.3 million payable silver ounces, an increase of 0.8 million ounces during Q1 2020, primarily the result of an increase during the period relative to the Yauliyacu mine. 4,900 payable palladium ounces, virtually unchanged from the balance at Q4 2019. Detailed mine-by-mine production and sales figures can be found in the Appendix to this press release and in Wheaton's consolidated MD&A in the 'Results of Operations and Operational Review' section. Webcast and Conference Call Details A conference call and webcast will be held Thursday, May 7, 2020, starting at 11:00 am (Eastern Time) to discuss these results. To participate in the live call, please use one of the following methods: Dial toll free from Canada or the US: 888-231-8191 Dial from outside Canada or the US: 647-427-7450 Pass code: 6167928 Live audio webcast: link Participants should dial in five to ten minutes before the call. The conference call will be recorded and available until May 14, 2020 at 11:59 pm (Eastern Time). The webcast will be available for one year. You can listen to an archive of the call by one of the following methods: Dial toll free from Canada or the US: 855-859-2056 Dial from outside Canada or the US: 416-849-0833 Pass code: 6167928 Archived audio webcast: link This earnings release should be read in conjunction with Wheaton Precious Metals' MD&A and Financial Statements, which are available on the Company's website at www.wheatonpm.comand have been posted on SEDAR at www.sedar.com. Mr. Wes Carson, P. Eng., Vice President, Mining Operations is a "qualified person" as such term is defined under National Instrument 43-101, and has reviewed and approved the technical information disclosed in this news release. Wheaton Precious Metals believes that there are no significant differences between its corporategovernance practices and those required to be followed by United States domestic issuers under the NYSE listing standards. This confirmation is located on the Wheaton Precious Metals website at http://www.wheatonpm.com/Company/corporate-governance/default.aspx. About Wheaton Precious Metals Corp. Wheaton is the world's premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. As a result, Wheaton has consistently outperformed gold and silver, as well as other mining investments. Wheaton creates sustainable value through streaming. In accordance with Wheaton Precious Metals Corp.'s ("Wheaton Precious Metals ", "Wheaton" or the "Company")MD&A and financial statements, reference to the Company includes the Company's wholly owned subsidiaries. End Notes ______________________________ 1 Please refer to non-IFRS measures at the end of this press release. Dividends declared in the referenced calendar quarter, relative to the financial results of the prior quarter. 2 Commodity price assumptions for the gold equivalent production and sales in 2020 are $1,500 / ounce gold, $18 / ounce silver, and $2,000 / ounce palladium. 3 Payable gold, silver and palladium ounces produced but not yet delivered are based on management estimates only and rely upon information provided by the owners and operators of mining operations and may be revised and updated in future periods as additional information is received. Condensed Interim Consolidated Statements of Earnings Three Months EndedMarch 31 (US dollars and shares in thousands, except per share amounts - unaudited) 2020 2019 Sales $ 254,789 $ 225,049 Cost of sales Cost of sales, excluding depletion $ 66,908 $ 69,214 Depletion 64,841 68,381 Total cost of sales $ 131,749 $ 137,595 Gross margin $ 123,040 $ 87,454 General and administrative expenses 13,181 16,535 Earnings from operations $ 109,859 $ 70,919 Other (income) expense (597) (266) Earnings before finance costs and income taxes $ 110,456 $ 71,185 Finance costs 7,118 13,946 Earnings before income taxes $ 103,338 $ 57,239 Income tax (expense) recovery (8,442) 110 Net earnings $ 94,896 $ 57,349 Basic earnings per share $ 0.212 $ 0.129 Diluted earnings per share $ 0.211 $ 0.129 Weighted average number of shares outstanding Basic 447,805 444,389 Diluted 448,891 445,121 Condensed Interim Consolidated Balance Sheets As at March 31 As atDecember 31 (US dollars in thousands - unaudited) 2020 2019 Assets Current assets Cash and cash equivalents $ 126,676 $ 103,986 Accounts receivable 2,384 7,138 Current taxes receivable - 124 Other 43,876 43,504 Total current assets $ 172,936 $ 154,752 Non-current assets Mineral stream interests $ 5,669,265 $ 5,734,106 Early deposit mineral stream interests 32,491 31,741 Mineral royalty interest 3,036 3,036 Long-term equity investments 157,067 309,757 Investment in associates 479 882 Convertible notes receivable 21,066 21,856 Property, plant and equipment 6,939 7,311 Other 13,662 14,566 Total non-current assets $ 5,904,005 $ 6,123,255 Total assets $ 6,076,941 $ 6,278,007 Liabilities Current liabilities Accounts payable and accrued liabilities $ 10,964 $ 11,794 Dividends payable 44,815 - Current taxes payable 17 - Current portion of performance share units 18,623 10,668 Current portion of lease liabilities 695 724 Other 41,513 41,514 Total current liabilities $ 116,627 $ 64,700 Non-current liabilities Bank debt $ 715,500 $ 874,500 Lease liabilities 3,155 3,528 Deferred income taxes 168 148 Performance share units 2,420 8,401 Pension liability 845 810 Total non-current liabilities $ 722,088 $ 887,387 Total liabilities $ 838,715 $ 952,087 Shareholders' equity Issued capital $ 3,608,501 $ 3,599,203 Reserves 13,627 160,701 Retained earnings 1,616,098 1,566,016 Total shareholders' equity $ 5,238,226 $ 5,325,920 Total liabilities and shareholders' equity $ 6,076,941 $ 6,278,007 Condensed Interim Consolidated Statements of Cash Flows Three Months EndedMarch 31 (US dollars in thousands - unaudited) 2020 2019 Operating activities Net earnings $ 94,896 $ 57,349 Adjustments for Depreciation and depletion 65,352 68,874 Impairment charges 362 - Interest expense 5,978 13,152 Equity settled stock based compensation 1,503 1,357 Performance share units 3,277 (592) Pension expense 35 - Income tax expense (recovery) 8,442 (110) Loss on fair value adjustment of share purchase warrants held 71 - Share in losses of associate 41 62 Fair value (gain) loss on convertible note receivable 790 (871) Investment income recognized in net earnings (117) (242) Other (720) 428 Change in non-cash working capital 4,620 (7,170) Cash generated from operations before income taxes and interest $ 184,530 $ 132,237 Income taxes recovered (paid) 89 (3,562) Interest paid (7,148) (10,707) Interest received 117 226 Cash generated from operating activities $ 177,588 $ 118,194 Financing activities Bank debt repaid $ (159,000) $ (80,500) Credit facility extension fees (1,360) (1,100) Share purchase options exercised 6,922 14,891 Lease payments (167) (170) Cash (used for) generated from financing activities $ (153,605) $ (66,879) Investing activities Mineral stream interests $ - $ (174) Early deposit mineral stream interests (750) - Dividend income received - 16 Other (257) (1,154) Cash generated from (used for) investing activities $ (1,007) $ (1,312) Effect of exchange rate changes on cash and cash equivalents $ (286) $ 11 Increase in cash and cash equivalents $ 22,690 $ 50,014 Cash and cash equivalents, beginning of period 103,986 75,767 Cash and cash equivalents, end of period $ 126,676 $ 125,781 Summary of Ounces Produced Q1 2020 Q4 2019 Q3 2019 Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018 Gold ounces produced Salobo 62,575 74,716 73,615 67,056 60,846 76,995 72,423 67,466 Sudbury 3 7,503 6,468 6,082 9,360 11,374 6,646 6,510 6,476 Constancia 8 3,681 4,757 5,172 4,533 4,826 4,266 3,634 3,281 San Dimas 4, 8 11,318 11,352 11,239 11,496 10,290 10,092 10,642 5,726 Stillwater 5 2,955 3,585 3,238 3,675 3,137 3,472 6,376 - Other Minto6 2,124 2,189 - - - 1,441 2,546 2,554 777 4,551 3,987 4,278 4,788 4,445 4,248 4,124 4,982 Total Other 6,675 6,176 4,278 4,788 4,445 5,689 6,670 7,536 Total gold ounces produced 94,707 107,054 103,624 100,908 94,918 107,160 106,255 90,485 Silver ounces produced 2 San Dimas 4, 8 - - - - - - - 607 Peasquito 8 2,658 1,895 2,026 702 1,594 1,455 1,050 1,267 Antamina 8 1,311 1,342 1,223 1,334 1,176 1,225 1,406 1,394 Constancia 8 461 632 686 552 635 695 682 552 Other Los Filos 8 29 55 33 37 38 29 21 33 Zinkgruvan 662 724 630 631 479 608 530 453 Yauliyacu 8 557 358 620 627 528 233 597 719 Stratoni 183 147 131 172 143 149 165 211 Minto 6 18 18 - - - 8 25 30 Neves-Corvo 377 385 431 392 498 509 458 421 Aljustrel 352 325 240 322 470 475 514 138 777 96 81 62 93 95 113 136 152 Total Other 2,274 2,093 2,147 2,274 2,251 2,124 2,446 2,157 Total silver ounces produced 6,704 5,962 6,082 4,862 5,656 5,499 5,584 5,977 Palladium ounces produced Stillwater 5 5,312 6,057 5,471 5,736 4,729 5,869 8,817 - GEOs produced 7 182,241 186,673 183,901 166,895 169,098 180,974 185,021 162,204 SEOs produced 7 15,187 15,556 15,325 13,908 14,091 15,081 15,418 13,517 Average payable rate 2 Gold 95.4% 95.6% 95.1% 95.3% 95.6% 95.5% 95.4% 94.9% Silver 84.9% 85.4% 85.1% 83.4% 83.0% 83.1% 83.5% 86.8% Palladium 93.0% 99.4% 83.5% 87.6% 98.5% 96.4% 94.6% n.a. 1) All figures in thousands except gold and palladium ounces produced. 2) Ounces produced represent the quantity of gold, silver and palladium contained in concentrate or dor prior to smelting or refining deductions. Production figures and average payable rates are based on information provided by the operators of the mining operations to which the mineral stream interests relate or management estimates in those situations where other information is not available. Certain production figures may be updated in future periods as additional information is received. 3) Comprised of the Coleman, Copper Cliff, Garson, Creighton and Totten gold interests. 4) Pursuant to the San Dimas SPA with Primero, the Company acquired 100% of the payable silver produced at San Dimas up to 6 million ounces annually, and 50% of any excess for the life of the mine. The San Dimas SPA was terminated on May 10, 2018 and concurrently the Company entered into the new San Dimas PMPA. Under the terms of the San Dimas PMPA, the Company is entitled to an amount equal to 25% of the payable gold production plus an additional amount of gold equal to 25% of the payable silver production converted to gold at a fixed gold to silver exchange ratio of 70:1 from the San Dimas mine. If the average gold to silver price ratio decreases to less than 50:1 or increases to more than 90:1 for a period of 6 months or more, then the "70" shall be revised to "50" or "90", as the case may be, until such time as the average gold to silver price ratio is between 50:1 to 90:1 for a period of 6 months or more in which event the "70" shall be reinstated. Effective April 1, 2020, the fixed gold to silver exchange ratio has been revised to 90:1. For reference, silver production from prior periods is as follows: Q1-2020 419,000 ounces; Q4-2019 415,000 ounces; Q3-2019 410,000 ounces; Q2-2019 401,000 ounces; Q1-2019 351,000 ounces; Q4-2018 342,000 ounces; Q3-2018 361,000 ounces; and Q2-2018 202,000 ounces. 5) Comprised of the Stillwater and East Boulder gold and palladium interests. 6) The Minto mine was placed into care and maintenance from October 2018 to October 2019. 7) GEOs and SEOs, which are provided to assist the reader, are based on the following commodity price assumptions: $1,500 per ounce gold; $18.00 per ounce silver; and $2,000 per ounce palladium, consistent with those used in estimating the Company's previously issued production guidance for 2020. 8) Operations at these mines have been temporarily suspended as a result of the COVID-19 pandemic. Summary of Ounces Sold Q1 2020 Q4 2019 Q32019 Q22019 Q12019 Q42018 Q32018 Q22018 Gold ounces sold Salobo 74,944 58,137 63,064 57,715 84,160 75,351 65,139 70,734 Sudbury 2 4,822 7,394 7,600 8,309 4,061 4,864 2,560 4,400 Constancia 9 3,331 5,108 4,742 4,409 5,512 3,645 2,980 2,172 San Dimas 3, 9 11,358 11,499 11,374 10,284 11,510 8,453 9,771 3,738 Stillwater 4 3,510 2,925 3,314 3,301 2,856 3,473 2,075 - Other Minto 5 - - - 765 3,307 2,674 796 2,284 777 2,440 4,160 4,672 5,294 3,614 4,353 5,921 3,812 Total Other 2,440 4,160 4,672 6,059 6,921 7,027 6,717 6,096 Total gold ounces sold 100,405 89,223 94,766 90,077 115,020 102,813 89,242 87,140 Silver ounces sold San Dimas 3, 9 - - - - - - - 1,070 Peasquito 9 2,310 1,268 1,233 912 1,164 901 1,241 1,547 Antamina 9 1,244 1,227 1,059 1,186 1,255 1,300 1,333 1,422 Constancia 9 350 672 521 478 735 629 567 410 Other Los Filos 9 37 26 44 26 38 15 27 35 Zinkgruvan 447 473 459 337 232 543 326 297 Yauliyacu 9 9 561 574 542 15 317 697 521 Stratoni 163 120 126 240 80 78 125 171 Minto 5 - - - 2 30 22 - 28 Neves-Corvo 204 154 243 194 265 240 234 178 Aljustrel 123 121 139 216 381 226 302 - Lagunas Norte 6 - - - - - - 1 65 Pierina 6 - - - - - - - 54 Veladero 6 - - - - - - 2 104 777 41 62 86 108 99 129 163 70 Total Other 1,024 1,517 1,671 1,665 1,140 1,570 1,877 1,523 Total silver ounces sold 4,928 4,684 4,484 4,241 4,294 4,400 5,018 5,972 Palladium ounces sold Stillwater 4 4,938 5,312 4,907 5,273 5,189 5,049 3,668 - GEOs sold 7 166,121 152,514 155,116 148,004 173,464 162,340 154,352 158,789 SEOs sold 7 13,843 12,709 12,926 12,334 14,455 13,528 12,863 13,232 Cumulative payable gold ounces PBND 8 88,395 98,475 85,335 81,535 75,236 99,474 99,987 88,547 Cumulative payable silver ounces PBND 8 5,322 4,546 4,138 3,403 3,585 3,184 3,015 3,375 Cumulative payable palladium ounces PBND 8 4,875 4,872 4,163 4,504 4,754 5,282 4,671 - 1) All figures in thousands except gold and palladium ounces sold. 2) Comprised of the Coleman, Copper Cliff, Garson, Creighton and Totten gold interests. 3) Pursuant to the San Dimas SPA with Primero, the Company acquired 100% of the payable silver produced at San Dimas up to 6 million ounces annually, and 50% of any excess for the life of the mine. The San Dimas SPA was terminated on May 10, 2018 and concurrently the Company entered into the new San Dimas PMPA. 4) Comprised of the Stillwater and East Boulder gold and palladium interests. 5) The Minto mine was placed into care and maintenance from October 2018 to October 2019. 6) In accordance with the Pascua-Lama precious metal purchase agreement, all deliveries from Lagunas Norte, Pierina and Veladero ceased effective March 31, 2018. 7) GEOs and SEOs, which are provided to assist the reader, are based on the following commodity price assumptions: $1,500 per ounce gold; $18.00 per ounce silver; and $2,000 per ounce palladium, consistent with those used in estimating the Company's previously issued production guidance for 2020. 8) Payable gold, silver and palladium ounces produced but not yet delivered ("PBND") are based on management estimates. These figures may be updated in future periods as additional information is received. 9) Operations at these mines have been temporarily suspended as a result of the COVID-19 pandemic. Results of Operations The operating results of the Company's reportable operating segments are summarized in the tables and commentary below. Three Months Ended March 31, 2020 Ounces Produced Ounces Sold AverageRealizedPrice ($'s Per Ounce) AverageCash Cost($'s PerOunce)3 AverageDepletion($'s PerOunce) Sales Net Earnings Cash FlowFrom Operations Total Assets Gold Salobo 62,575 74,944 $ 1,589 $ 408 $ 374 $ 119,094 $ 60,459 $ 89,137 $ 2,577,202 Sudbury 4 7,503 4,822 1,585 400 828 7,641 1,719 5,616 340,050 Constancia 3,681 3,331 1,589 404 338 5,294 2,823 3,948 109,281 San Dimas 11,318 11,358 1,589 606 315 18,049 7,587 11,166 190,787 Stillwater 2,955 3,510 1,589 284 449 5,578 3,006 4,582 228,418 Other 5 6,675 2,440 1,585 420 305 3,866 2,096 2,840 12,424 94,707 100,405 $ 1,589 $ 426 $ 389 $ 159,522 $ 77,690 $ 117,289 $ 3,458,162 Silver Peasquito 2,658 2,310 $ 17.41 $ 4.26 $ 3.24 $ 40,223 $ 22,893 $ 30,383 $ 367,212 Antamina 1,311 1,244 17.41 3.43 8.74 21,661 6,524 17,397 657,937 Constancia 461 350 17.41 5.96 7.63 6,088 1,337 4,004 225,520 Other 6 2,274 1,024 15.57 5.83 2.56 15,945 7,345 14,126 485,068 6,704 4,928 $ 17.03 $ 4.50 $ 4.80 $ 83,917 $ 38,099 $ 65,910 $ 1,735,737 Palladium Stillwater 5,312 4,938 $ 2,298 $ 402 $ 428 $ 11,350 $ 7,251 $ 9,364 $ 247,856 Cobalt Voisey's Bay - - $ n.a. $ n.a. $ n.a. $ - $ - $ - $ 227,510 Operating results $ 254,789 $ 123,040 $ 192,563 $ 5,669,265 Other General and administrative $ (13,181) $ (10,732) Finance costs (7,118) (8,110) Other 597 3,778 Income tax (8,442) 89 Total other $ (28,144) $ (14,975) $ 407,676 $ 94,896 $ 177,588 $ 6,076,941 1) All figures in thousands except gold and palladium ounces produced and sold and per ounce amounts. 2) Ounces produced represent the quantity of gold, silver and palladium contained in concentrate or dor prior to smelting or refining deductions. Production figures are based on information provided by the operators of the mining operations to which the mineral stream interests relate or management estimates in those situations where other information is not available. Certain production figures may be updated in future periods as additional information is received. 3) Refer to discussion on non-IFRS measure (iii) at the end of this press release. 4) Comprised of the operating Coleman, Copper Cliff, Garson, Creighton and Totten gold interests as well as the non-operating Stobie and Victor gold interests. 5) Comprised of the operating 777 and Minto gold interests in addition to the non-operating Rosemont gold interest. 6) Comprised of the operating Los Filos, Zinkgruvan, Yauliyacu, Stratoni, Neves-Corvo, Aljustrel, Minto and 777 silver interests as well as the non-operating Keno Hill, Loma de La Plata, Pascua-Lama and Rosemont silver interests. On a gold equivalent and silver equivalent basis, results for the Company for the three months ended March 31, 2020 were as follows: Three Months Ended March 31, 2020 Ounces Produced 1, 2 Ounces Sold 2 AverageRealizedPrice ($'s Per Ounce) AverageCash Cost($'s PerOunce) 3 Cash Operating Margin($'s Per Ounce) 4 AverageDepletion($'s PerOunce) GrossMargin($'s PerOunce) Gold equivalent basis 5 182,241 166,121 $ 1,534 $ 403 $ 1,131 $ 390 $ 741 Silver equivalent basis 5 15,187 13,843 $ 18.41 $ 4.83 $ 13.58 $ 4.68 $ 8.90 1) Ounces produced represent the quantity of gold, silver and palladium contained in concentrate or dor prior to smelting or refining deductions. Production figures are based on information provided by the operators of the mining operations to which the mineral stream interests relate or management estimates in those situations where other information is not available. Certain production figures may be updated in future periods as additional information is received. 2) Silver ounces produced and sold in thousands. 3) Refer to discussion on non-IFRS measure (iii) at the end of this press release. 4) Refer to discussion on non-IFRS measure (iv) at the end of this press release. 5) GEOs and SEOs, which are provided to assist the reader, are based on the following commodity price assumptions: $1,500 per ounce gold; $18.00 per ounce silver; and $2,000 per ounce palladium, consistent with those used in estimating the Company's previously issued production guidance for 2020. Three Months Ended March 31, 2019 Ounces Produced OuncesSold AverageRealizedPrice ($'s PerOunce) AverageCash Cost($'s PerOunce)3 AverageDepletion($'s PerOunce) Sales Net Earnings Cash FlowFrom Operations Total Assets Gold Salobo 60,846 84,160 $ 1,308 $ 404 $ 383 $ 110,070 $ 43,822 $ 76,070 $ 2,673,812 Sudbury 4 11,374 4,061 1,297 400 819 5,267 315 3,642 363,136 Constancia 4,826 5,512 1,311 400 361 7,227 3,031 5,135 115,556 San Dimas 10,290 11,510 1,314 600 310 15,130 4,661 8,224 204,632 Stillwater 3,137 2,856 1,303 234 519 3,721 1,570 3,052 234,946 Other 5 4,445 6,921 1,298 372 241 8,984 4,739 6,733 19,691 94,918 115,020 $ 1,308 $ 417 $ 385 $ 150,399 $ 58,138 $ 102,856 $ 3,611,773 Silver Peasquito 1,594 1,164 $ 15.72 $ 4.21 $ 3.06 $ 18,301 $ 9,835 $ 13,401 $ 385,156 Antamina 1,176 1,255 15.63 3.10 8.73 19,614 4,770 15,580 699,120 Constancia 635 735 15.48 5.90 7.50 11,372 1,528 7,684 240,721 Other 6 2,251 1,140 15.68 5.96 1.43 17,875 9,450 10,805 501,012 5,656 4,294 $ 15.64 $ 4.64 $ 5.05 $ 67,162 $ 25,583 $ 47,470 $ 1,826,009 Palladium Stillwater 4,729 5,189 $ 1,443 $ 254 $ 470 $ 7,488 $ 3,733 $ 6,171 $ 257,250 Cobalt Voisey's Bay - - $ n.a. $ n.a. $ n.a. $ - $ - $ - $ 393,422 Operating results $ 225,049 $ 87,454 $ 156,497 $ 6,088,454 Other General and administrative $ (16,535) $ (24,700) Finance costs (13,946) (11,246) Other 266 1,205 Income tax 110 (3,562) Total other $ (30,105) $ (38,303) $ 390,246 $ 57,349 $ 118,194 $ 6,478,700 1) All figures in thousands except gold and palladium ounces produced and sold and per ounce amounts. 2) Ounces produced represent the quantity of gold, silver and palladium contained in concentrate or dor prior to smelting or refining deductions. Production figures are based on information provided by the operators of the mining operations to which the mineral stream interests relate or management estimates in those situations where other information is not available. Certain production figures may be updated in future periods as additional information is received. 3) Refer to discussion on non-IFRS measure (iii) at the end of this press release. 4) Comprised of the operating Coleman, Copper Cliff, Garson, Creighton and Totten gold interests as well as the non-operating Stobie and Victor gold interests. 5) Comprised of the operating 777 gold interests in addition to the non-operating Minto and Rosemont gold interests. The Minto mine was placed into care and maintenance from October 2018 to October 2019. 6) Comprised of the operating Los Filos, Zinkgruvan, Yauliyacu, Stratoni, Neves-Corvo and 777 silver interests as well as the non-operating Keno Hill, Minto, Aljustrel, Loma de La Plata, Pascua-Lama and Rosemont silver interests. The Minto mine was placed into care and maintenance from October 2018 to October 2019. On a gold equivalent and silver equivalent basis, results for the Company for the three months ended March 31, 2019 were as follows: Three Months Ended March 31, 2019 Ounces Produced 1, 2 Ounces Sold 2 AverageRealizedPrice ($'s Per Ounce) AverageCash Cost($'s PerOunce) 3 Cash Operating Margin($'s Per Ounce) 4 AverageDepletion($'s PerOunce) Gross Margin($'s PerOunce) Gold equivalent basis 5 169,098 173,464 $ 1,297 $ 399 $ 898 $ 394 $ 504 Silver equivalent basis 5 14,091 14,455 $ 15.57 $ 4.79 $ 10.78 $ 4.73 $ 6.05 1) Ounces produced represent the quantity of gold, silver and palladium contained in concentrate or dor prior to smelting or refining deductions. Production figures are based on information provided by the operators of the mining operations to which the mineral stream interests relate or management estimates in those situations where other information is not available. Certain production figures may be updated in future periods as additional information is received. 2) Silver ounces produced and sold in thousands. 3) Refer to discussion on non-IFRS measure (iii) at the end of this press release. 4) Refer to discussion on non-IFRS measure (iv) at the end of this press release. 5) GEOs and SEOs, which are provided to assist the reader, are based on the following commodity price assumptions: $1,500 per ounce gold; $18.00 per ounce silver; and $2,000 per ounce palladium, consistent with those used in estimating the Company's previously issued production guidance for 2020. Non-IFRS Measures Wheaton has included, throughout this document, certain non-IFRS performance measures, including (i) adjusted net earnings and adjusted net earnings per share; (ii) operating cash flow per share (basic and diluted); (iii) average cash costs of gold, silver and palladium on a per ounce basis; (iv) cash operating margin; and (v) net debt. i.Adjusted net earnings and adjusted net earnings per share are calculated by removing the effects of the non-cash impairment charges, non-cash fair value (gains) losses, non-cash share of losses of associates and other one-time (income) expenses. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, management and certain investors use this information to evaluate the Company's performance. The following table provides a reconciliation of adjusted net earnings and adjusted net earnings per share (basic and diluted). Three Months EndedMarch 31 (in thousands, except for per share amounts) 2020 2019 Net earnings $ 94,896 $ 57,349 Add back (deduct): Impairment loss 362 - Share in losses of associate 41 62 (Gain) loss on fair value adjustment of share purchase warrants held 71 - (Gain) loss on fair value adjustment of convertible notes receivable 790 (871) Adjusted net earnings $ 96,160 $ 56,540 Divided by: Basic weighted average number of shares outstanding 447,805 444,389 Diluted weighted average number of shares outstanding 448,891 445,121 Equals: Adjusted earnings per share - basic $ 0.215 $ 0.127 Adjusted earnings per share - diluted $ 0.214 $ 0.127 ii.Operating cash flow per share (basic and diluted) is calculated by dividing cash generated by operating activities by the weighted average number of shares outstanding (basic and diluted). The Company presents operating cash flow per share as management and certain investors use this information to evaluate the Company's performance in comparison to other companies in the precious metal mining industry who present results on a similar basis. The following table provides a reconciliation of operating cash flow per share (basic and diluted). Three Months EndedMarch 31 (in thousands, except for per share amounts) 2020 2019 Cash generated by operating activities $ 177,588 $ 118,194 Divided by: Basic weighted average number of shares outstanding 447,805 444,389 Diluted weighted average number of shares outstanding 448,891 445,121 Equals: Operating cash flow per share - basic $ 0.397 $ 0.266 Operating cash flow per share - diluted $ 0.396 $ 0.266 iii.Average cash cost of gold, silver and palladium on a per ounce basis is calculated by dividing the total cost of sales, less depletion, by the ounces sold. In the precious metal mining industry, this is a common performance measure but does not have any standardized meaning prescribed by IFRS. In addition to conventional measures prepared in accordance with IFRS, management and certain investors use this information to evaluate the Company's performance and ability to generate cash flow. The following table provides a reconciliation of average cash cost of gold, silver and palladium on a per ounce basis. Three Months EndedMarch 31 (in thousands, except for gold and palladium ounces sold and per ounce amounts) 2020 2019 Cost of sales $ 131,749 $ 137,595 Less: depletion (64,841) (68,381) Cash cost of sales $ 66,908 $ 69,214 Cash cost of sales is comprised of: Total cash cost of gold sold $ 42,759 $ 47,982 Total cash cost of silver sold 22,163 19,915 Total cash cost of palladium sold 1,986 1,317 Total cash cost of sales $ 66,908 $ 69,214 Divided by: Total gold ounces sold 100,405 115,020 Total silver ounces sold 4,928 4,294 Total palladium ounces sold 4,938 5,189 Equals: Average cash cost of gold (per ounce) $ 426 $ 417 Average cash cost of silver (per ounce) $ 4.50 $ 4.64 Average cash cost of palladium (per ounce) $ 402 $ 254 iv.Cash operating margin is calculated by subtracting the average cash cost of gold, silver and palladium on a per ounce basis from the average realized selling price of gold, silver and palladium on a per ounce basis. The Company presents cash operating margin as management and certain investors use this information to evaluate the Company's performance in comparison to other companies in the precious metal mining industry who present results on a similar basis as well as to evaluate the Company's ability to generate cash flow. The following table provides a reconciliation of cash operating margin. Three Months EndedMarch 31 (in thousands, except for gold and palladium ounces sold and per ounce amounts) 2020 2019 Total sales: Gold $ 159,522 $ 150,399 Silver $ 83,917 $ 67,162 Palladium $ 11,350 $ 7,488 Divided by: Total gold ounces sold 100,405 115,020 Total silver ounces sold 4,928 4,294 Total palladium ounces sold 4,938 5,189 Equals: Average realized price of gold (per ounce) $ 1,589 $ 1,308 Average realized price of silver (per ounce) $ 17.03 $ 15.64 Average realized price of palladium (per ounce) $ 2,298 $ 1,443 Less: Average cash cost of gold 1 (per ounce) $ (426) $ (417) Average cash cost of silver 1 (per ounce) $ (4.50) $ (4.64) Average cash cost of palladium 1 (per ounce) $ (402) $ (254) Equals: Cash operating margin per gold ounce sold $ 1,163 $ 891 As a percentage of realized price of gold 73% 68% Cash operating margin per silver ounce sold $ 12.53 $ 11.00 As a percentage of realized price of silver 74% 70% Cash operating margin per palladium ounce sold $ 1,896 $ 1,189 As a percentage of realized price of palladium 82% 82% 1) Please refer to non-IFRS measure (iii), above. v.Net debt is calculated by subtracting cash and cash equivalents from the outstanding bank debt under the Revolving Facility. The Company presents net debt as management and certain investors use this information to evaluate the Company's liquidity and financial position. The following table provides a calculation of the Company's net debt. As at March 31 As atDecember 31 (US dollars in thousands - unaudited) 2020 2019 Bank debt $ 715,500 $ 874,500 Less: cash and cash equivalents (126,676) (103,986) Net debt $ 588,824 $ 770,514 These non-IFRS measures do not have any standardized meaning prescribed by IFRS, and other companies may calculate these measures differently. The presentation of these non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. For more detailed information, please refer to Wheaton's MD&A available on the Company's website at www.wheatonpm.com and posted on SEDAR at www.sedar.com. CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS This press release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation concerning the business, operations and financial performance of Wheaton and, in some instances, the business, mining operations and performance of Wheaton's precious metals purchase agreement ("PMPA") counterparties. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements with respect to the future price of commodities, the impact of epidemics (including the COVID-19 virus pandemic), the estimation of future production from Mining Operations (including in the estimation of production, mill throughput, grades, recoveries and exploration potential), the estimation of mineral reserves and mineral resources (including the estimation of reserve conversion rates) and the realization of such estimations, the commencement, timing and achievement of construction, expansion or improvement projects by Wheaton's PMPA counterparties at mineral stream interests owned by Wheaton (the "Mining Operations"), the ability of Wheaton's PMPA counterparties to comply with the terms of a PMPA (including as a result of the business, mining operations and performance of Wheaton's PMPA counterparties) and the potential impacts of such on Wheaton, the costs of future production, the estimation of produced but not yet delivered ounces, any statements as to future dividends, the ability to fund outstanding commitments and the ability to continue to acquire accretive PMPAs, future payments by the Company in accordance with PMPAs, including any acceleration of payments, projected increases to Wheaton's production and cash flow profile, projected changes to Wheaton's production mix, the ability of Wheaton's PMPA counterparties to comply with the terms of any other obligations under agreements with the Company, the ability to sell precious metals and cobalt production, confidence in the Company's business structure, the Company's assessment of taxes payable and the impact of the CRA Settlement for years subsequent to 2010, possible audits for taxation years subsequent to 2015, the Company's intention to file future tax returns in a manner consistent with the CRA Settlement, and assessments of the impact and resolution of various legal and tax matters, including but not limited to outstanding class actions and audits. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "projects", "intends", "anticipates" or "does not anticipate", or "believes", "potential", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Wheaton to be materially different from those expressed or implied by such forward-looking statements, including but not limited to risks associated with fluctuations in the price of commodities (including Wheaton's ability to sell its precious metals or cobalt production at acceptable prices or at all), risks of significant impacts on Wheaton or the Mining Operations as a result of an epidemic (including the COVID-19 virus pandemic), risks related to the Mining Operations (including fluctuations in the price of the primary or other commodities mined at such operations, regulatory, political and other risks of the jurisdictions in which the Mining Operations are located, actual results of mining, risks associated with the exploration, development, operating, expansion and improvement of the Mining Operations, environmental and economic risks of the Mining Operations, and changes in project parameters as plans continue to be refined), the absence of control over the Mining Operations and relying on the accuracy of the public disclosure and other information Wheaton receives from the Mining Operations, uncertainty in the estimation of production from Mining Operations, uncertainty in the accuracy of mineral reserve and mineral resource estimation, the ability of each party to satisfy their obligations in accordance with the terms of the PMPAs, the estimation of future production from Mining Operations, Wheaton's interpretation of, compliance with or application of, tax laws and regulations or accounting policies and rules being found to be incorrect, any challenge or reassessment by the CRA of the Company's tax filings being successful and the potential negative impact to the Company's previous and future tax filings, assessing the impact of the CRA Settlement for years subsequent to 2010 (including whether there will be any material change in the Company's facts or change in law or jurisprudence), credit and liquidity, indebtedness and guarantees, mine operator concentration, hedging, competition, claims and legal proceedings against Wheaton or the Mining Operations, security over underlying assets, governmental regulations, international operations of Wheaton and the Mining Operations, exploration, development, operations, expansions and improvements at the Mining Operations, environmental regulations and climate change, Wheaton and the Mining Operations ability to obtain and maintain necessary licenses, permits, approvals and rulings, Wheaton and the Mining Operations ability to comply with applicable laws, regulations and permitting requirements, lack of suitable infrastructure and employees to support the Mining Operations, inability to replace and expand mineral reserves, including anticipated timing of the commencement of production by certain Mining Operations (including increases in production, estimated grades and recoveries), uncertainties of title and indigenous rights with respect to the Mining Operations, Wheaton and the Mining Operations ability to obtain adequate financing, the Mining Operations ability to complete permitting, construction, development and expansion, global financial conditions, and other risks discussed in the section entitled "Description of the Business Risk Factors" in Wheaton's Annual Information Form available on SEDAR at www.sedar.com, and in Wheaton's Form 40-F for the year ended December 31, 2019 and Form 6-K filed March 11, 2020 both on file with the U.S. Securities and Exchange Commission in Washington, D.C. (the "Disclosure"). Forward-looking statements are based on assumptions management currently believes to be reasonable, including (without limitation): that there will be no material adverse change in the market price of commodities, that neither Wheaton nor the Mining Operations will suffer significant impacts as a result of an epidemic (including the COVID-19 virus pandemic), that the Mining Operations will continue to operate and the mining projects will be completed in accordance with public statementsand achieve their stated production estimates, that the mineral reserve and mineral resource estimates from Mining Operations (including reserve conversion rates) are accurate, that each party will satisfy their obligations in accordance with the PMPAs, that Wheaton will continue to be able to fund or obtain funding for outstanding commitments, that Wheaton will be able to source and obtain accretive PMPAs, that any outbreak or threat of an outbreak of a virus or other contagions or epidemic disease will be adequately responded to locally, nationally, regionally and internationally, without such response requiring any prolonged closure of the Mining Operations or having other material adverse effects on the Company and counterparties to its PMPAs, that expectations regarding the resolution of legal and tax matters will be achieved (including ongoing class action litigation and CRA audits involving the Company), that Wheaton has properly considered the interpretation and application of Canadian tax law to its structure and operations, that Wheaton has filed its tax returns and paid applicable taxes in compliance with Canadian tax law, that Wheaton's application of the CRA Settlement for years subsequent to 2010 is accurate (including the Company's assessment that there will be no material change in the Company's facts or change in law or jurisprudence for years subsequent to 2010), and such other assumptions and factors as set out in the Disclosure. There can be no assurance that forward-looking statements will prove to be accurate and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Wheaton. Readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. The forward-looking statements included herein are for the purpose of providing readers with information to assist them in understanding Wheaton's expected financial and operational performance and may not be appropriate for other purposes. Any forward looking statement speaks only as of the date on which it is made, reflects Wheaton's management's current beliefs based on current information and will not be updated except in accordance with applicable securities laws. Although Wheaton has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forwardlooking statements, there may be other factors that cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. In accordance with the Company's MD&A and financial statements, reference to the Company includes the Company's wholly owned subsidiaries. SOURCE Wheaton Precious Metals Corp. Related Links http://www.silverwheaton.com/
Answer:
|
Wheaton Precious Metals Increases Operating Cash Flow by Over 50% YOY With Over $177 Million Generated in the First Quarter of 2020
|
TSX: WPMNYSE: WPM VANCOUVER, May 6, 2020 /PRNewswire/ - "Wheaton had a strong start to 2020 with over $177 million generated in operating cash flow in the first quarter. Given our strong financial position and the immediate needs created by the COVID-19 pandemic, Wheaton launched a $5 million fund designed to support our local communities and those around the mines from which we receive precious metal, more than doubling our budget for community support. At this time, our top priority is the health and safety of our employees and the communities in which we and our partners operate." said Randy Smallwood, President and Chief Executive Officer of Wheaton Precious Metals. "With one of the highest quality portfolios in the precious metals space, we remain confident in the strength and sustainability of our business model through this pandemic, and our ability to continue delivering shareholder value. We hope everyone stays safe and well." First Quarter Highlights: Attributable gold equivalent2 production was over 180,000 ounces in the first quarter partially driven by record attributable silver production at Peasquito. Over $177 million in operating cash flow generated in the quarter, an increase of over 50%. Net debt1 reduced by $182 million with Wheaton ending the first quarter in a net debt position of $589 million. Declared quarterly dividend1 of $0.10 per common share. At the Constancia mine, Hudbay announced the formal approval of the surface rights agreement for the higher-grade Pampacancha satellite deposit. Launched a $5 million Community Support and Response Fund combatting COVID-19. Operational Overview (all figures in US dollars unless otherwise noted) Q1 2020 Q1 2019 Change Ounces produced Gold 94,707 94,918 (0.2)% Silver 6,704 5,656 18.5 % Palladium 5,312 4,729 12.3 % Gold equivalent 2 182,241 169,098 7.8 % Ounces sold Gold 100,405 115,020 (12.7)% Silver 4,928 4,294 14.8 % Palladium 4,938 5,189 (4.8)% Gold equivalent 2 166,121 173,464 (4.2)% Revenue $ 254,789 $ 225,049 13.2 % Net earnings $ 94,896 $ 57,349 65 % Per share $ 0.212 $ 0.129 64.3 % Adjusted net earnings 1 $ 96,160 $ 56,540 70.1 % Per share 1 $ 0.215 $ 0.127 68.8 % Operating cash flows $ 177,588 $ 118,194 50.3 % Per share 1 $ 0.397 $ 0.266 49.2 % Dividends declared 1 $ 44,815 $ 40,074 11.8 % Per share $ 0.10 $ 0.09 11.1 % All amounts in thousands except gold, palladium and gold equivalent ounces produced and sold, per ounce amounts and per share amounts. Updates on COVID-19 Business Continuity and Employee Health and SafetyIn accordance with local government restrictions and guidelines, Wheaton closed its physical offices in mid-March and successfully transitioned to telecommuting for all of its employees. As Wheaton has always maintained detailed business continuity plans, the transition was seamless with an uninterrupted flow of business. Partner Mining OperationsWheaton has completed a thorough review of operations with our counterparties to better understand their policies and procedures around COVID-19. We have been advised that each operation has a crisis management team in place and will make decisions according to their local situation and applicable laws, as well as considering the health and safety of their employees. As of May 5, 2020, six partner operations located in Mexico and Peru (Constancia, Yauliyacu, San Dimas, Los Filos, Peasquito and Antamina) were temporarily suspended due to government restrictions focussed on reducing the impacts of COVID-19. The restrictions on non-essential activities in Mexico and Peru are currently scheduled to be lifted by the end of May. In 2018 and 2019, these mines accounted for 36% of the Company's gold equivalent2production. There can be no assurance that the restrictions noted above will be lifted as currently planned nor that our partners' operations that are currently operational will continue to remain operational for the duration of the COVID-19 virus pandemic. In addition, even if operational, these operations may be subject to adverse impacts on production and other impacts due to the COVID-19 virus pandemic response measures, absenteeism and otherwise as a result of the pandemic. Production GuidanceDue to the temporary suspensions noted above, Wheaton has withdrawn its production guidance for 2020. We are closely monitoring and regularly assessing the impact of the COVID-19 virus pandemic on partner mining operations; however, this pandemic is evolving rapidly and its effects are uncertain. Community Support Wheaton CSR Fund to Combat COVID-19Subsequent to the quarter, Wheaton announced the launch of a $5 million Community Support and Response Fund (the "CSR Fund") in order to support the global efforts to combat the COVID-19 virus pandemic and its impacts on our communities. The CSR Fund is designed to meet the immediate needs of the communities in which Wheaton operates and around the mines from which Wheaton receives precious metals. This fund is incremental to Wheaton's already active Community Investment Program that currently provides support to over 50 programs in multiple communities around the world. Financial Review RevenuesRevenue was $255 million in the first quarter of 2020 representing a 13% increase from the first quarter of 2019 due primarily to an 18% increase in the average realized gold equivalent price; partially offset by a 4% decrease in the number of gold equivalent ounces sold. Costs and ExpensesAverage cash costs in the first quarter of 2020 were $403 per gold equivalent ounce as compared to $399 in Q1 2019.This resulted in a cash operating margin of $1,131 per gold equivalent ounce sold, an increase of 26% as compared with Q1 2019. Balance Sheet (at March 31, 2020) Approximately $127 million of cash on hand. $716 million outstanding under the Company's $2 billion revolving term loan (the "Revolving Facility"). During Q1 2020, the Company has repaid $159 million under the Revolving Facility. During Q1 2020, the net debt was reduced by $182 million to $589 million. The average effective interest rate for the first quarter of 2020 was 3.03%. First Quarter Asset Highlights Salobo: In the first quarter of 2020, Salobo produced 62,600 ounces of attributable gold, virtually unchanged relative to the first quarter of 2019. According to Vale S.A.'s ("Vale") First Quarter 2020 Performance Report, physical completion of the Salobo III mine expansion was 47%at the end of the first quarter. Since the end of March 2020, only critical work fronts have reportedly been continued as a preventive measure related to the COVID-19 pandemic, but Vale reports that the expansion remains on track to start up in the first half of 2022. Peasquito: In the first quarter of 2020, Peasquito produced a record 2.7 million ounces of attributable silver, an increase of approximately 67% relative to the first quarter of 2019 primarily due to higher grades. San Dimas: In the first quarter of 2020, San Dimas produced 11,300 ounces of attributable gold, an increase of approximately 10% relative to the first quarter of 2019primarily due to higher throughput offset partially by slightly lower grades. Antamina: In the first quarter of 2020, Antamina produced 1.3 million ounces of attributable silver, an increase of approximately 11% relative to the first quarter of 2019, primarily due to higher grades. Constancia: In the first quarter of 2020, Constancia produced 0.5 million ounces of attributable silver and 3,700 ounces of attributable gold, a decrease of approximately 27% and 24%, respectively, relative to the first quarter of 2019 primarily due to lower grades as expected and the temporary suspension of the mine beginning on March 20, 2020.As per Wheaton's precious metals purchase agreements ("PMPA") with Hudbay Minerals Inc. ("Hudbay"), the failure to achieve a minimum level of throughput at the Pampacancha deposit during 2019 entitles Wheaton to an additional 8,020 ounces of gold in 2020 (received in quarterly installments), of which 2,005 ounces of gold was received during the first quarter of 2020 and included as production. As per Hudbay's news release dated February 18, 2020, the surface rights agreement with Hudbay for the Pampacancha satellite deposit was formally approved by the community of Chilloroya in February. In accordance with Peru's Consulta Previa law, additional consultation between the Peruvian government and the local community is required before Hudbay can begin development activities. Sudbury: In the first quarter of 2020, Sudbury produced 7,500 ounces of attributable gold, a decrease of approximately 34% relative to the first quarter of 2019 primarily due to lower grades. Other Gold:In the first quarter of 2020, total Other Gold attributable production was 6,700 ounces, an increase of approximately 50% relative to the first quarter of 2019, primarily due to the resumption of mining at the Minto mine. Produced But Not Yet Delivered 3 As at March 31, 2020, payable ounces attributable to the Company produced but not yet delivered amounted to: 88,400 payable gold ounces, a decrease of 10,100 ounces during Q1 2020, primarily the result of a draw down during the period relative to the Salobo mine. 5.3 million payable silver ounces, an increase of 0.8 million ounces during Q1 2020, primarily the result of an increase during the period relative to the Yauliyacu mine. 4,900 payable palladium ounces, virtually unchanged from the balance at Q4 2019. Detailed mine-by-mine production and sales figures can be found in the Appendix to this press release and in Wheaton's consolidated MD&A in the 'Results of Operations and Operational Review' section. Webcast and Conference Call Details A conference call and webcast will be held Thursday, May 7, 2020, starting at 11:00 am (Eastern Time) to discuss these results. To participate in the live call, please use one of the following methods: Dial toll free from Canada or the US: 888-231-8191 Dial from outside Canada or the US: 647-427-7450 Pass code: 6167928 Live audio webcast: link Participants should dial in five to ten minutes before the call. The conference call will be recorded and available until May 14, 2020 at 11:59 pm (Eastern Time). The webcast will be available for one year. You can listen to an archive of the call by one of the following methods: Dial toll free from Canada or the US: 855-859-2056 Dial from outside Canada or the US: 416-849-0833 Pass code: 6167928 Archived audio webcast: link This earnings release should be read in conjunction with Wheaton Precious Metals' MD&A and Financial Statements, which are available on the Company's website at www.wheatonpm.comand have been posted on SEDAR at www.sedar.com. Mr. Wes Carson, P. Eng., Vice President, Mining Operations is a "qualified person" as such term is defined under National Instrument 43-101, and has reviewed and approved the technical information disclosed in this news release. Wheaton Precious Metals believes that there are no significant differences between its corporategovernance practices and those required to be followed by United States domestic issuers under the NYSE listing standards. This confirmation is located on the Wheaton Precious Metals website at http://www.wheatonpm.com/Company/corporate-governance/default.aspx. About Wheaton Precious Metals Corp. Wheaton is the world's premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. As a result, Wheaton has consistently outperformed gold and silver, as well as other mining investments. Wheaton creates sustainable value through streaming. In accordance with Wheaton Precious Metals Corp.'s ("Wheaton Precious Metals ", "Wheaton" or the "Company")MD&A and financial statements, reference to the Company includes the Company's wholly owned subsidiaries. End Notes ______________________________ 1 Please refer to non-IFRS measures at the end of this press release. Dividends declared in the referenced calendar quarter, relative to the financial results of the prior quarter. 2 Commodity price assumptions for the gold equivalent production and sales in 2020 are $1,500 / ounce gold, $18 / ounce silver, and $2,000 / ounce palladium. 3 Payable gold, silver and palladium ounces produced but not yet delivered are based on management estimates only and rely upon information provided by the owners and operators of mining operations and may be revised and updated in future periods as additional information is received. Condensed Interim Consolidated Statements of Earnings Three Months EndedMarch 31 (US dollars and shares in thousands, except per share amounts - unaudited) 2020 2019 Sales $ 254,789 $ 225,049 Cost of sales Cost of sales, excluding depletion $ 66,908 $ 69,214 Depletion 64,841 68,381 Total cost of sales $ 131,749 $ 137,595 Gross margin $ 123,040 $ 87,454 General and administrative expenses 13,181 16,535 Earnings from operations $ 109,859 $ 70,919 Other (income) expense (597) (266) Earnings before finance costs and income taxes $ 110,456 $ 71,185 Finance costs 7,118 13,946 Earnings before income taxes $ 103,338 $ 57,239 Income tax (expense) recovery (8,442) 110 Net earnings $ 94,896 $ 57,349 Basic earnings per share $ 0.212 $ 0.129 Diluted earnings per share $ 0.211 $ 0.129 Weighted average number of shares outstanding Basic 447,805 444,389 Diluted 448,891 445,121 Condensed Interim Consolidated Balance Sheets As at March 31 As atDecember 31 (US dollars in thousands - unaudited) 2020 2019 Assets Current assets Cash and cash equivalents $ 126,676 $ 103,986 Accounts receivable 2,384 7,138 Current taxes receivable - 124 Other 43,876 43,504 Total current assets $ 172,936 $ 154,752 Non-current assets Mineral stream interests $ 5,669,265 $ 5,734,106 Early deposit mineral stream interests 32,491 31,741 Mineral royalty interest 3,036 3,036 Long-term equity investments 157,067 309,757 Investment in associates 479 882 Convertible notes receivable 21,066 21,856 Property, plant and equipment 6,939 7,311 Other 13,662 14,566 Total non-current assets $ 5,904,005 $ 6,123,255 Total assets $ 6,076,941 $ 6,278,007 Liabilities Current liabilities Accounts payable and accrued liabilities $ 10,964 $ 11,794 Dividends payable 44,815 - Current taxes payable 17 - Current portion of performance share units 18,623 10,668 Current portion of lease liabilities 695 724 Other 41,513 41,514 Total current liabilities $ 116,627 $ 64,700 Non-current liabilities Bank debt $ 715,500 $ 874,500 Lease liabilities 3,155 3,528 Deferred income taxes 168 148 Performance share units 2,420 8,401 Pension liability 845 810 Total non-current liabilities $ 722,088 $ 887,387 Total liabilities $ 838,715 $ 952,087 Shareholders' equity Issued capital $ 3,608,501 $ 3,599,203 Reserves 13,627 160,701 Retained earnings 1,616,098 1,566,016 Total shareholders' equity $ 5,238,226 $ 5,325,920 Total liabilities and shareholders' equity $ 6,076,941 $ 6,278,007 Condensed Interim Consolidated Statements of Cash Flows Three Months EndedMarch 31 (US dollars in thousands - unaudited) 2020 2019 Operating activities Net earnings $ 94,896 $ 57,349 Adjustments for Depreciation and depletion 65,352 68,874 Impairment charges 362 - Interest expense 5,978 13,152 Equity settled stock based compensation 1,503 1,357 Performance share units 3,277 (592) Pension expense 35 - Income tax expense (recovery) 8,442 (110) Loss on fair value adjustment of share purchase warrants held 71 - Share in losses of associate 41 62 Fair value (gain) loss on convertible note receivable 790 (871) Investment income recognized in net earnings (117) (242) Other (720) 428 Change in non-cash working capital 4,620 (7,170) Cash generated from operations before income taxes and interest $ 184,530 $ 132,237 Income taxes recovered (paid) 89 (3,562) Interest paid (7,148) (10,707) Interest received 117 226 Cash generated from operating activities $ 177,588 $ 118,194 Financing activities Bank debt repaid $ (159,000) $ (80,500) Credit facility extension fees (1,360) (1,100) Share purchase options exercised 6,922 14,891 Lease payments (167) (170) Cash (used for) generated from financing activities $ (153,605) $ (66,879) Investing activities Mineral stream interests $ - $ (174) Early deposit mineral stream interests (750) - Dividend income received - 16 Other (257) (1,154) Cash generated from (used for) investing activities $ (1,007) $ (1,312) Effect of exchange rate changes on cash and cash equivalents $ (286) $ 11 Increase in cash and cash equivalents $ 22,690 $ 50,014 Cash and cash equivalents, beginning of period 103,986 75,767 Cash and cash equivalents, end of period $ 126,676 $ 125,781 Summary of Ounces Produced Q1 2020 Q4 2019 Q3 2019 Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018 Gold ounces produced Salobo 62,575 74,716 73,615 67,056 60,846 76,995 72,423 67,466 Sudbury 3 7,503 6,468 6,082 9,360 11,374 6,646 6,510 6,476 Constancia 8 3,681 4,757 5,172 4,533 4,826 4,266 3,634 3,281 San Dimas 4, 8 11,318 11,352 11,239 11,496 10,290 10,092 10,642 5,726 Stillwater 5 2,955 3,585 3,238 3,675 3,137 3,472 6,376 - Other Minto6 2,124 2,189 - - - 1,441 2,546 2,554 777 4,551 3,987 4,278 4,788 4,445 4,248 4,124 4,982 Total Other 6,675 6,176 4,278 4,788 4,445 5,689 6,670 7,536 Total gold ounces produced 94,707 107,054 103,624 100,908 94,918 107,160 106,255 90,485 Silver ounces produced 2 San Dimas 4, 8 - - - - - - - 607 Peasquito 8 2,658 1,895 2,026 702 1,594 1,455 1,050 1,267 Antamina 8 1,311 1,342 1,223 1,334 1,176 1,225 1,406 1,394 Constancia 8 461 632 686 552 635 695 682 552 Other Los Filos 8 29 55 33 37 38 29 21 33 Zinkgruvan 662 724 630 631 479 608 530 453 Yauliyacu 8 557 358 620 627 528 233 597 719 Stratoni 183 147 131 172 143 149 165 211 Minto 6 18 18 - - - 8 25 30 Neves-Corvo 377 385 431 392 498 509 458 421 Aljustrel 352 325 240 322 470 475 514 138 777 96 81 62 93 95 113 136 152 Total Other 2,274 2,093 2,147 2,274 2,251 2,124 2,446 2,157 Total silver ounces produced 6,704 5,962 6,082 4,862 5,656 5,499 5,584 5,977 Palladium ounces produced Stillwater 5 5,312 6,057 5,471 5,736 4,729 5,869 8,817 - GEOs produced 7 182,241 186,673 183,901 166,895 169,098 180,974 185,021 162,204 SEOs produced 7 15,187 15,556 15,325 13,908 14,091 15,081 15,418 13,517 Average payable rate 2 Gold 95.4% 95.6% 95.1% 95.3% 95.6% 95.5% 95.4% 94.9% Silver 84.9% 85.4% 85.1% 83.4% 83.0% 83.1% 83.5% 86.8% Palladium 93.0% 99.4% 83.5% 87.6% 98.5% 96.4% 94.6% n.a. 1) All figures in thousands except gold and palladium ounces produced. 2) Ounces produced represent the quantity of gold, silver and palladium contained in concentrate or dor prior to smelting or refining deductions. Production figures and average payable rates are based on information provided by the operators of the mining operations to which the mineral stream interests relate or management estimates in those situations where other information is not available. Certain production figures may be updated in future periods as additional information is received. 3) Comprised of the Coleman, Copper Cliff, Garson, Creighton and Totten gold interests. 4) Pursuant to the San Dimas SPA with Primero, the Company acquired 100% of the payable silver produced at San Dimas up to 6 million ounces annually, and 50% of any excess for the life of the mine. The San Dimas SPA was terminated on May 10, 2018 and concurrently the Company entered into the new San Dimas PMPA. Under the terms of the San Dimas PMPA, the Company is entitled to an amount equal to 25% of the payable gold production plus an additional amount of gold equal to 25% of the payable silver production converted to gold at a fixed gold to silver exchange ratio of 70:1 from the San Dimas mine. If the average gold to silver price ratio decreases to less than 50:1 or increases to more than 90:1 for a period of 6 months or more, then the "70" shall be revised to "50" or "90", as the case may be, until such time as the average gold to silver price ratio is between 50:1 to 90:1 for a period of 6 months or more in which event the "70" shall be reinstated. Effective April 1, 2020, the fixed gold to silver exchange ratio has been revised to 90:1. For reference, silver production from prior periods is as follows: Q1-2020 419,000 ounces; Q4-2019 415,000 ounces; Q3-2019 410,000 ounces; Q2-2019 401,000 ounces; Q1-2019 351,000 ounces; Q4-2018 342,000 ounces; Q3-2018 361,000 ounces; and Q2-2018 202,000 ounces. 5) Comprised of the Stillwater and East Boulder gold and palladium interests. 6) The Minto mine was placed into care and maintenance from October 2018 to October 2019. 7) GEOs and SEOs, which are provided to assist the reader, are based on the following commodity price assumptions: $1,500 per ounce gold; $18.00 per ounce silver; and $2,000 per ounce palladium, consistent with those used in estimating the Company's previously issued production guidance for 2020. 8) Operations at these mines have been temporarily suspended as a result of the COVID-19 pandemic. Summary of Ounces Sold Q1 2020 Q4 2019 Q32019 Q22019 Q12019 Q42018 Q32018 Q22018 Gold ounces sold Salobo 74,944 58,137 63,064 57,715 84,160 75,351 65,139 70,734 Sudbury 2 4,822 7,394 7,600 8,309 4,061 4,864 2,560 4,400 Constancia 9 3,331 5,108 4,742 4,409 5,512 3,645 2,980 2,172 San Dimas 3, 9 11,358 11,499 11,374 10,284 11,510 8,453 9,771 3,738 Stillwater 4 3,510 2,925 3,314 3,301 2,856 3,473 2,075 - Other Minto 5 - - - 765 3,307 2,674 796 2,284 777 2,440 4,160 4,672 5,294 3,614 4,353 5,921 3,812 Total Other 2,440 4,160 4,672 6,059 6,921 7,027 6,717 6,096 Total gold ounces sold 100,405 89,223 94,766 90,077 115,020 102,813 89,242 87,140 Silver ounces sold San Dimas 3, 9 - - - - - - - 1,070 Peasquito 9 2,310 1,268 1,233 912 1,164 901 1,241 1,547 Antamina 9 1,244 1,227 1,059 1,186 1,255 1,300 1,333 1,422 Constancia 9 350 672 521 478 735 629 567 410 Other Los Filos 9 37 26 44 26 38 15 27 35 Zinkgruvan 447 473 459 337 232 543 326 297 Yauliyacu 9 9 561 574 542 15 317 697 521 Stratoni 163 120 126 240 80 78 125 171 Minto 5 - - - 2 30 22 - 28 Neves-Corvo 204 154 243 194 265 240 234 178 Aljustrel 123 121 139 216 381 226 302 - Lagunas Norte 6 - - - - - - 1 65 Pierina 6 - - - - - - - 54 Veladero 6 - - - - - - 2 104 777 41 62 86 108 99 129 163 70 Total Other 1,024 1,517 1,671 1,665 1,140 1,570 1,877 1,523 Total silver ounces sold 4,928 4,684 4,484 4,241 4,294 4,400 5,018 5,972 Palladium ounces sold Stillwater 4 4,938 5,312 4,907 5,273 5,189 5,049 3,668 - GEOs sold 7 166,121 152,514 155,116 148,004 173,464 162,340 154,352 158,789 SEOs sold 7 13,843 12,709 12,926 12,334 14,455 13,528 12,863 13,232 Cumulative payable gold ounces PBND 8 88,395 98,475 85,335 81,535 75,236 99,474 99,987 88,547 Cumulative payable silver ounces PBND 8 5,322 4,546 4,138 3,403 3,585 3,184 3,015 3,375 Cumulative payable palladium ounces PBND 8 4,875 4,872 4,163 4,504 4,754 5,282 4,671 - 1) All figures in thousands except gold and palladium ounces sold. 2) Comprised of the Coleman, Copper Cliff, Garson, Creighton and Totten gold interests. 3) Pursuant to the San Dimas SPA with Primero, the Company acquired 100% of the payable silver produced at San Dimas up to 6 million ounces annually, and 50% of any excess for the life of the mine. The San Dimas SPA was terminated on May 10, 2018 and concurrently the Company entered into the new San Dimas PMPA. 4) Comprised of the Stillwater and East Boulder gold and palladium interests. 5) The Minto mine was placed into care and maintenance from October 2018 to October 2019. 6) In accordance with the Pascua-Lama precious metal purchase agreement, all deliveries from Lagunas Norte, Pierina and Veladero ceased effective March 31, 2018. 7) GEOs and SEOs, which are provided to assist the reader, are based on the following commodity price assumptions: $1,500 per ounce gold; $18.00 per ounce silver; and $2,000 per ounce palladium, consistent with those used in estimating the Company's previously issued production guidance for 2020. 8) Payable gold, silver and palladium ounces produced but not yet delivered ("PBND") are based on management estimates. These figures may be updated in future periods as additional information is received. 9) Operations at these mines have been temporarily suspended as a result of the COVID-19 pandemic. Results of Operations The operating results of the Company's reportable operating segments are summarized in the tables and commentary below. Three Months Ended March 31, 2020 Ounces Produced Ounces Sold AverageRealizedPrice ($'s Per Ounce) AverageCash Cost($'s PerOunce)3 AverageDepletion($'s PerOunce) Sales Net Earnings Cash FlowFrom Operations Total Assets Gold Salobo 62,575 74,944 $ 1,589 $ 408 $ 374 $ 119,094 $ 60,459 $ 89,137 $ 2,577,202 Sudbury 4 7,503 4,822 1,585 400 828 7,641 1,719 5,616 340,050 Constancia 3,681 3,331 1,589 404 338 5,294 2,823 3,948 109,281 San Dimas 11,318 11,358 1,589 606 315 18,049 7,587 11,166 190,787 Stillwater 2,955 3,510 1,589 284 449 5,578 3,006 4,582 228,418 Other 5 6,675 2,440 1,585 420 305 3,866 2,096 2,840 12,424 94,707 100,405 $ 1,589 $ 426 $ 389 $ 159,522 $ 77,690 $ 117,289 $ 3,458,162 Silver Peasquito 2,658 2,310 $ 17.41 $ 4.26 $ 3.24 $ 40,223 $ 22,893 $ 30,383 $ 367,212 Antamina 1,311 1,244 17.41 3.43 8.74 21,661 6,524 17,397 657,937 Constancia 461 350 17.41 5.96 7.63 6,088 1,337 4,004 225,520 Other 6 2,274 1,024 15.57 5.83 2.56 15,945 7,345 14,126 485,068 6,704 4,928 $ 17.03 $ 4.50 $ 4.80 $ 83,917 $ 38,099 $ 65,910 $ 1,735,737 Palladium Stillwater 5,312 4,938 $ 2,298 $ 402 $ 428 $ 11,350 $ 7,251 $ 9,364 $ 247,856 Cobalt Voisey's Bay - - $ n.a. $ n.a. $ n.a. $ - $ - $ - $ 227,510 Operating results $ 254,789 $ 123,040 $ 192,563 $ 5,669,265 Other General and administrative $ (13,181) $ (10,732) Finance costs (7,118) (8,110) Other 597 3,778 Income tax (8,442) 89 Total other $ (28,144) $ (14,975) $ 407,676 $ 94,896 $ 177,588 $ 6,076,941 1) All figures in thousands except gold and palladium ounces produced and sold and per ounce amounts. 2) Ounces produced represent the quantity of gold, silver and palladium contained in concentrate or dor prior to smelting or refining deductions. Production figures are based on information provided by the operators of the mining operations to which the mineral stream interests relate or management estimates in those situations where other information is not available. Certain production figures may be updated in future periods as additional information is received. 3) Refer to discussion on non-IFRS measure (iii) at the end of this press release. 4) Comprised of the operating Coleman, Copper Cliff, Garson, Creighton and Totten gold interests as well as the non-operating Stobie and Victor gold interests. 5) Comprised of the operating 777 and Minto gold interests in addition to the non-operating Rosemont gold interest. 6) Comprised of the operating Los Filos, Zinkgruvan, Yauliyacu, Stratoni, Neves-Corvo, Aljustrel, Minto and 777 silver interests as well as the non-operating Keno Hill, Loma de La Plata, Pascua-Lama and Rosemont silver interests. On a gold equivalent and silver equivalent basis, results for the Company for the three months ended March 31, 2020 were as follows: Three Months Ended March 31, 2020 Ounces Produced 1, 2 Ounces Sold 2 AverageRealizedPrice ($'s Per Ounce) AverageCash Cost($'s PerOunce) 3 Cash Operating Margin($'s Per Ounce) 4 AverageDepletion($'s PerOunce) GrossMargin($'s PerOunce) Gold equivalent basis 5 182,241 166,121 $ 1,534 $ 403 $ 1,131 $ 390 $ 741 Silver equivalent basis 5 15,187 13,843 $ 18.41 $ 4.83 $ 13.58 $ 4.68 $ 8.90 1) Ounces produced represent the quantity of gold, silver and palladium contained in concentrate or dor prior to smelting or refining deductions. Production figures are based on information provided by the operators of the mining operations to which the mineral stream interests relate or management estimates in those situations where other information is not available. Certain production figures may be updated in future periods as additional information is received. 2) Silver ounces produced and sold in thousands. 3) Refer to discussion on non-IFRS measure (iii) at the end of this press release. 4) Refer to discussion on non-IFRS measure (iv) at the end of this press release. 5) GEOs and SEOs, which are provided to assist the reader, are based on the following commodity price assumptions: $1,500 per ounce gold; $18.00 per ounce silver; and $2,000 per ounce palladium, consistent with those used in estimating the Company's previously issued production guidance for 2020. Three Months Ended March 31, 2019 Ounces Produced OuncesSold AverageRealizedPrice ($'s PerOunce) AverageCash Cost($'s PerOunce)3 AverageDepletion($'s PerOunce) Sales Net Earnings Cash FlowFrom Operations Total Assets Gold Salobo 60,846 84,160 $ 1,308 $ 404 $ 383 $ 110,070 $ 43,822 $ 76,070 $ 2,673,812 Sudbury 4 11,374 4,061 1,297 400 819 5,267 315 3,642 363,136 Constancia 4,826 5,512 1,311 400 361 7,227 3,031 5,135 115,556 San Dimas 10,290 11,510 1,314 600 310 15,130 4,661 8,224 204,632 Stillwater 3,137 2,856 1,303 234 519 3,721 1,570 3,052 234,946 Other 5 4,445 6,921 1,298 372 241 8,984 4,739 6,733 19,691 94,918 115,020 $ 1,308 $ 417 $ 385 $ 150,399 $ 58,138 $ 102,856 $ 3,611,773 Silver Peasquito 1,594 1,164 $ 15.72 $ 4.21 $ 3.06 $ 18,301 $ 9,835 $ 13,401 $ 385,156 Antamina 1,176 1,255 15.63 3.10 8.73 19,614 4,770 15,580 699,120 Constancia 635 735 15.48 5.90 7.50 11,372 1,528 7,684 240,721 Other 6 2,251 1,140 15.68 5.96 1.43 17,875 9,450 10,805 501,012 5,656 4,294 $ 15.64 $ 4.64 $ 5.05 $ 67,162 $ 25,583 $ 47,470 $ 1,826,009 Palladium Stillwater 4,729 5,189 $ 1,443 $ 254 $ 470 $ 7,488 $ 3,733 $ 6,171 $ 257,250 Cobalt Voisey's Bay - - $ n.a. $ n.a. $ n.a. $ - $ - $ - $ 393,422 Operating results $ 225,049 $ 87,454 $ 156,497 $ 6,088,454 Other General and administrative $ (16,535) $ (24,700) Finance costs (13,946) (11,246) Other 266 1,205 Income tax 110 (3,562) Total other $ (30,105) $ (38,303) $ 390,246 $ 57,349 $ 118,194 $ 6,478,700 1) All figures in thousands except gold and palladium ounces produced and sold and per ounce amounts. 2) Ounces produced represent the quantity of gold, silver and palladium contained in concentrate or dor prior to smelting or refining deductions. Production figures are based on information provided by the operators of the mining operations to which the mineral stream interests relate or management estimates in those situations where other information is not available. Certain production figures may be updated in future periods as additional information is received. 3) Refer to discussion on non-IFRS measure (iii) at the end of this press release. 4) Comprised of the operating Coleman, Copper Cliff, Garson, Creighton and Totten gold interests as well as the non-operating Stobie and Victor gold interests. 5) Comprised of the operating 777 gold interests in addition to the non-operating Minto and Rosemont gold interests. The Minto mine was placed into care and maintenance from October 2018 to October 2019. 6) Comprised of the operating Los Filos, Zinkgruvan, Yauliyacu, Stratoni, Neves-Corvo and 777 silver interests as well as the non-operating Keno Hill, Minto, Aljustrel, Loma de La Plata, Pascua-Lama and Rosemont silver interests. The Minto mine was placed into care and maintenance from October 2018 to October 2019. On a gold equivalent and silver equivalent basis, results for the Company for the three months ended March 31, 2019 were as follows: Three Months Ended March 31, 2019 Ounces Produced 1, 2 Ounces Sold 2 AverageRealizedPrice ($'s Per Ounce) AverageCash Cost($'s PerOunce) 3 Cash Operating Margin($'s Per Ounce) 4 AverageDepletion($'s PerOunce) Gross Margin($'s PerOunce) Gold equivalent basis 5 169,098 173,464 $ 1,297 $ 399 $ 898 $ 394 $ 504 Silver equivalent basis 5 14,091 14,455 $ 15.57 $ 4.79 $ 10.78 $ 4.73 $ 6.05 1) Ounces produced represent the quantity of gold, silver and palladium contained in concentrate or dor prior to smelting or refining deductions. Production figures are based on information provided by the operators of the mining operations to which the mineral stream interests relate or management estimates in those situations where other information is not available. Certain production figures may be updated in future periods as additional information is received. 2) Silver ounces produced and sold in thousands. 3) Refer to discussion on non-IFRS measure (iii) at the end of this press release. 4) Refer to discussion on non-IFRS measure (iv) at the end of this press release. 5) GEOs and SEOs, which are provided to assist the reader, are based on the following commodity price assumptions: $1,500 per ounce gold; $18.00 per ounce silver; and $2,000 per ounce palladium, consistent with those used in estimating the Company's previously issued production guidance for 2020. Non-IFRS Measures Wheaton has included, throughout this document, certain non-IFRS performance measures, including (i) adjusted net earnings and adjusted net earnings per share; (ii) operating cash flow per share (basic and diluted); (iii) average cash costs of gold, silver and palladium on a per ounce basis; (iv) cash operating margin; and (v) net debt. i.Adjusted net earnings and adjusted net earnings per share are calculated by removing the effects of the non-cash impairment charges, non-cash fair value (gains) losses, non-cash share of losses of associates and other one-time (income) expenses. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, management and certain investors use this information to evaluate the Company's performance. The following table provides a reconciliation of adjusted net earnings and adjusted net earnings per share (basic and diluted). Three Months EndedMarch 31 (in thousands, except for per share amounts) 2020 2019 Net earnings $ 94,896 $ 57,349 Add back (deduct): Impairment loss 362 - Share in losses of associate 41 62 (Gain) loss on fair value adjustment of share purchase warrants held 71 - (Gain) loss on fair value adjustment of convertible notes receivable 790 (871) Adjusted net earnings $ 96,160 $ 56,540 Divided by: Basic weighted average number of shares outstanding 447,805 444,389 Diluted weighted average number of shares outstanding 448,891 445,121 Equals: Adjusted earnings per share - basic $ 0.215 $ 0.127 Adjusted earnings per share - diluted $ 0.214 $ 0.127 ii.Operating cash flow per share (basic and diluted) is calculated by dividing cash generated by operating activities by the weighted average number of shares outstanding (basic and diluted). The Company presents operating cash flow per share as management and certain investors use this information to evaluate the Company's performance in comparison to other companies in the precious metal mining industry who present results on a similar basis. The following table provides a reconciliation of operating cash flow per share (basic and diluted). Three Months EndedMarch 31 (in thousands, except for per share amounts) 2020 2019 Cash generated by operating activities $ 177,588 $ 118,194 Divided by: Basic weighted average number of shares outstanding 447,805 444,389 Diluted weighted average number of shares outstanding 448,891 445,121 Equals: Operating cash flow per share - basic $ 0.397 $ 0.266 Operating cash flow per share - diluted $ 0.396 $ 0.266 iii.Average cash cost of gold, silver and palladium on a per ounce basis is calculated by dividing the total cost of sales, less depletion, by the ounces sold. In the precious metal mining industry, this is a common performance measure but does not have any standardized meaning prescribed by IFRS. In addition to conventional measures prepared in accordance with IFRS, management and certain investors use this information to evaluate the Company's performance and ability to generate cash flow. The following table provides a reconciliation of average cash cost of gold, silver and palladium on a per ounce basis. Three Months EndedMarch 31 (in thousands, except for gold and palladium ounces sold and per ounce amounts) 2020 2019 Cost of sales $ 131,749 $ 137,595 Less: depletion (64,841) (68,381) Cash cost of sales $ 66,908 $ 69,214 Cash cost of sales is comprised of: Total cash cost of gold sold $ 42,759 $ 47,982 Total cash cost of silver sold 22,163 19,915 Total cash cost of palladium sold 1,986 1,317 Total cash cost of sales $ 66,908 $ 69,214 Divided by: Total gold ounces sold 100,405 115,020 Total silver ounces sold 4,928 4,294 Total palladium ounces sold 4,938 5,189 Equals: Average cash cost of gold (per ounce) $ 426 $ 417 Average cash cost of silver (per ounce) $ 4.50 $ 4.64 Average cash cost of palladium (per ounce) $ 402 $ 254 iv.Cash operating margin is calculated by subtracting the average cash cost of gold, silver and palladium on a per ounce basis from the average realized selling price of gold, silver and palladium on a per ounce basis. The Company presents cash operating margin as management and certain investors use this information to evaluate the Company's performance in comparison to other companies in the precious metal mining industry who present results on a similar basis as well as to evaluate the Company's ability to generate cash flow. The following table provides a reconciliation of cash operating margin. Three Months EndedMarch 31 (in thousands, except for gold and palladium ounces sold and per ounce amounts) 2020 2019 Total sales: Gold $ 159,522 $ 150,399 Silver $ 83,917 $ 67,162 Palladium $ 11,350 $ 7,488 Divided by: Total gold ounces sold 100,405 115,020 Total silver ounces sold 4,928 4,294 Total palladium ounces sold 4,938 5,189 Equals: Average realized price of gold (per ounce) $ 1,589 $ 1,308 Average realized price of silver (per ounce) $ 17.03 $ 15.64 Average realized price of palladium (per ounce) $ 2,298 $ 1,443 Less: Average cash cost of gold 1 (per ounce) $ (426) $ (417) Average cash cost of silver 1 (per ounce) $ (4.50) $ (4.64) Average cash cost of palladium 1 (per ounce) $ (402) $ (254) Equals: Cash operating margin per gold ounce sold $ 1,163 $ 891 As a percentage of realized price of gold 73% 68% Cash operating margin per silver ounce sold $ 12.53 $ 11.00 As a percentage of realized price of silver 74% 70% Cash operating margin per palladium ounce sold $ 1,896 $ 1,189 As a percentage of realized price of palladium 82% 82% 1) Please refer to non-IFRS measure (iii), above. v.Net debt is calculated by subtracting cash and cash equivalents from the outstanding bank debt under the Revolving Facility. The Company presents net debt as management and certain investors use this information to evaluate the Company's liquidity and financial position. The following table provides a calculation of the Company's net debt. As at March 31 As atDecember 31 (US dollars in thousands - unaudited) 2020 2019 Bank debt $ 715,500 $ 874,500 Less: cash and cash equivalents (126,676) (103,986) Net debt $ 588,824 $ 770,514 These non-IFRS measures do not have any standardized meaning prescribed by IFRS, and other companies may calculate these measures differently. The presentation of these non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. For more detailed information, please refer to Wheaton's MD&A available on the Company's website at www.wheatonpm.com and posted on SEDAR at www.sedar.com. CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS This press release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation concerning the business, operations and financial performance of Wheaton and, in some instances, the business, mining operations and performance of Wheaton's precious metals purchase agreement ("PMPA") counterparties. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements with respect to the future price of commodities, the impact of epidemics (including the COVID-19 virus pandemic), the estimation of future production from Mining Operations (including in the estimation of production, mill throughput, grades, recoveries and exploration potential), the estimation of mineral reserves and mineral resources (including the estimation of reserve conversion rates) and the realization of such estimations, the commencement, timing and achievement of construction, expansion or improvement projects by Wheaton's PMPA counterparties at mineral stream interests owned by Wheaton (the "Mining Operations"), the ability of Wheaton's PMPA counterparties to comply with the terms of a PMPA (including as a result of the business, mining operations and performance of Wheaton's PMPA counterparties) and the potential impacts of such on Wheaton, the costs of future production, the estimation of produced but not yet delivered ounces, any statements as to future dividends, the ability to fund outstanding commitments and the ability to continue to acquire accretive PMPAs, future payments by the Company in accordance with PMPAs, including any acceleration of payments, projected increases to Wheaton's production and cash flow profile, projected changes to Wheaton's production mix, the ability of Wheaton's PMPA counterparties to comply with the terms of any other obligations under agreements with the Company, the ability to sell precious metals and cobalt production, confidence in the Company's business structure, the Company's assessment of taxes payable and the impact of the CRA Settlement for years subsequent to 2010, possible audits for taxation years subsequent to 2015, the Company's intention to file future tax returns in a manner consistent with the CRA Settlement, and assessments of the impact and resolution of various legal and tax matters, including but not limited to outstanding class actions and audits. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "projects", "intends", "anticipates" or "does not anticipate", or "believes", "potential", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Wheaton to be materially different from those expressed or implied by such forward-looking statements, including but not limited to risks associated with fluctuations in the price of commodities (including Wheaton's ability to sell its precious metals or cobalt production at acceptable prices or at all), risks of significant impacts on Wheaton or the Mining Operations as a result of an epidemic (including the COVID-19 virus pandemic), risks related to the Mining Operations (including fluctuations in the price of the primary or other commodities mined at such operations, regulatory, political and other risks of the jurisdictions in which the Mining Operations are located, actual results of mining, risks associated with the exploration, development, operating, expansion and improvement of the Mining Operations, environmental and economic risks of the Mining Operations, and changes in project parameters as plans continue to be refined), the absence of control over the Mining Operations and relying on the accuracy of the public disclosure and other information Wheaton receives from the Mining Operations, uncertainty in the estimation of production from Mining Operations, uncertainty in the accuracy of mineral reserve and mineral resource estimation, the ability of each party to satisfy their obligations in accordance with the terms of the PMPAs, the estimation of future production from Mining Operations, Wheaton's interpretation of, compliance with or application of, tax laws and regulations or accounting policies and rules being found to be incorrect, any challenge or reassessment by the CRA of the Company's tax filings being successful and the potential negative impact to the Company's previous and future tax filings, assessing the impact of the CRA Settlement for years subsequent to 2010 (including whether there will be any material change in the Company's facts or change in law or jurisprudence), credit and liquidity, indebtedness and guarantees, mine operator concentration, hedging, competition, claims and legal proceedings against Wheaton or the Mining Operations, security over underlying assets, governmental regulations, international operations of Wheaton and the Mining Operations, exploration, development, operations, expansions and improvements at the Mining Operations, environmental regulations and climate change, Wheaton and the Mining Operations ability to obtain and maintain necessary licenses, permits, approvals and rulings, Wheaton and the Mining Operations ability to comply with applicable laws, regulations and permitting requirements, lack of suitable infrastructure and employees to support the Mining Operations, inability to replace and expand mineral reserves, including anticipated timing of the commencement of production by certain Mining Operations (including increases in production, estimated grades and recoveries), uncertainties of title and indigenous rights with respect to the Mining Operations, Wheaton and the Mining Operations ability to obtain adequate financing, the Mining Operations ability to complete permitting, construction, development and expansion, global financial conditions, and other risks discussed in the section entitled "Description of the Business Risk Factors" in Wheaton's Annual Information Form available on SEDAR at www.sedar.com, and in Wheaton's Form 40-F for the year ended December 31, 2019 and Form 6-K filed March 11, 2020 both on file with the U.S. Securities and Exchange Commission in Washington, D.C. (the "Disclosure"). Forward-looking statements are based on assumptions management currently believes to be reasonable, including (without limitation): that there will be no material adverse change in the market price of commodities, that neither Wheaton nor the Mining Operations will suffer significant impacts as a result of an epidemic (including the COVID-19 virus pandemic), that the Mining Operations will continue to operate and the mining projects will be completed in accordance with public statementsand achieve their stated production estimates, that the mineral reserve and mineral resource estimates from Mining Operations (including reserve conversion rates) are accurate, that each party will satisfy their obligations in accordance with the PMPAs, that Wheaton will continue to be able to fund or obtain funding for outstanding commitments, that Wheaton will be able to source and obtain accretive PMPAs, that any outbreak or threat of an outbreak of a virus or other contagions or epidemic disease will be adequately responded to locally, nationally, regionally and internationally, without such response requiring any prolonged closure of the Mining Operations or having other material adverse effects on the Company and counterparties to its PMPAs, that expectations regarding the resolution of legal and tax matters will be achieved (including ongoing class action litigation and CRA audits involving the Company), that Wheaton has properly considered the interpretation and application of Canadian tax law to its structure and operations, that Wheaton has filed its tax returns and paid applicable taxes in compliance with Canadian tax law, that Wheaton's application of the CRA Settlement for years subsequent to 2010 is accurate (including the Company's assessment that there will be no material change in the Company's facts or change in law or jurisprudence for years subsequent to 2010), and such other assumptions and factors as set out in the Disclosure. There can be no assurance that forward-looking statements will prove to be accurate and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Wheaton. Readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. The forward-looking statements included herein are for the purpose of providing readers with information to assist them in understanding Wheaton's expected financial and operational performance and may not be appropriate for other purposes. Any forward looking statement speaks only as of the date on which it is made, reflects Wheaton's management's current beliefs based on current information and will not be updated except in accordance with applicable securities laws. Although Wheaton has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forwardlooking statements, there may be other factors that cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. In accordance with the Company's MD&A and financial statements, reference to the Company includes the Company's wholly owned subsidiaries. SOURCE Wheaton Precious Metals Corp. Related Links http://www.silverwheaton.com/
|
edtsum5423
|
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: MONTCLAIR, N.J., March 2, 2021 /PRNewswire/ --Theranica, a prescribed digital therapeutics company developing advanced electroceuticals for migraine and other pain conditions, today announced it has seen consistent growth in the usage of Nerivio, marking more than 100,000 treatments in the USA. "We are at a crossroads for acute migraine treatment, where traditional drug-based solutions are being challenged by FDA-authorized, novel digital therapeutics such as Nerivio," said Ronen Jashek, co-founder and COO of Theranica. "We are pleased to see that Nerivio patients are showing both adherence to the treatment program and an increased level of comfort with the device itself. 100,000 treatments hold significance to Theranica, as does our recent 33% growth in monthly active users, because these numbers demonstrate that Nerivio users consistently see the benefits of this prescribed therapy to their well-being." This milestone follows a recent study, published in Headache, the official peer-reviewed journal of the American Headache Society, that evaluated the efficacy of Nerivio in episodic and chronic migraine patients between the ages of 12 and 17. At two hours posttreatment, 71% of participants reported pain relief and 35% reported pain freedom. Pain relief and pain freedom were sustained for 24 hours in 90% of the cases. "Over the last couple of years our toolbox for treating migraine has been enriched with several new types of FDA-authorized therapies, including a few drug-free neuromodulation devices," said Christopher Gottschalk, MD, a Yale Medicine neurologist and director of Yale Medicine's Headache and Facial Pain Center, who also serves as the president of the Alliance for Headache Disorders Advocacy (AHDA), a non-profit organization advocating for equitable policies for people with headache disorders. "These non-pharmacological therapies present an important alternative for people with migraine, especially those who do not respond well to or have reasons not to take medications," commented Dr. Gottschalk. "Affordable access to these devices is essential for the community of people with migraine." Nerivio is eligible for insurance coverage. While the device list price (Wholesale Acquisition Cost, or WAC) is $599 for a twelve-treatment unit, the combination of the company's Nerivio Patient Savings Program plus coverage by Payers may result in an out-of-pocket patient payment of as low as zero dollars per unit depending on the specific health insurance plan. Neriviois a prescribed digital therapeutic wearable that deploys Remote Electrical Neuromodulation (REN) to activate the body's native conditioned pain modulation mechanism to treat pain, aura, and other symptoms associated with migraine. It is worn on the upper arm and controlled through an App on a patient's smartphone that also serves as a migraine diary, possibly shareable with a caregiver. About Theranica Theranica is a prescribed digital therapeutics company dedicated to creating effective, safe, affordable, low-side effect electroceuticals for idiopathic pain conditions. The company's award-winning flagship product, Nerivio, is the first FDA-cleared smartphone-controlled prescription wearable device for acute treatment of migraine.Nerivio has also received CE mark for Europe. Learn more by visitingwww.theranica.comand follow us onLinkedIn,TwitterandFacebook. Media Contact:Ellie HansonFinn Partners[emailprotected]+1-929-222-8006 Theranica Contact:Ronen Jashek[emailprotected]+972-72-390-9750 SOURCE Theranica
Answer:
|
Nerivio Drug-free Wearable Surpasses 100,000 Migraine Treatments in the US USA - English USA - English Nerivio Usage Grows Significantly Following Indication Expansion to Adolescents
|
MONTCLAIR, N.J., March 2, 2021 /PRNewswire/ --Theranica, a prescribed digital therapeutics company developing advanced electroceuticals for migraine and other pain conditions, today announced it has seen consistent growth in the usage of Nerivio, marking more than 100,000 treatments in the USA. "We are at a crossroads for acute migraine treatment, where traditional drug-based solutions are being challenged by FDA-authorized, novel digital therapeutics such as Nerivio," said Ronen Jashek, co-founder and COO of Theranica. "We are pleased to see that Nerivio patients are showing both adherence to the treatment program and an increased level of comfort with the device itself. 100,000 treatments hold significance to Theranica, as does our recent 33% growth in monthly active users, because these numbers demonstrate that Nerivio users consistently see the benefits of this prescribed therapy to their well-being." This milestone follows a recent study, published in Headache, the official peer-reviewed journal of the American Headache Society, that evaluated the efficacy of Nerivio in episodic and chronic migraine patients between the ages of 12 and 17. At two hours posttreatment, 71% of participants reported pain relief and 35% reported pain freedom. Pain relief and pain freedom were sustained for 24 hours in 90% of the cases. "Over the last couple of years our toolbox for treating migraine has been enriched with several new types of FDA-authorized therapies, including a few drug-free neuromodulation devices," said Christopher Gottschalk, MD, a Yale Medicine neurologist and director of Yale Medicine's Headache and Facial Pain Center, who also serves as the president of the Alliance for Headache Disorders Advocacy (AHDA), a non-profit organization advocating for equitable policies for people with headache disorders. "These non-pharmacological therapies present an important alternative for people with migraine, especially those who do not respond well to or have reasons not to take medications," commented Dr. Gottschalk. "Affordable access to these devices is essential for the community of people with migraine." Nerivio is eligible for insurance coverage. While the device list price (Wholesale Acquisition Cost, or WAC) is $599 for a twelve-treatment unit, the combination of the company's Nerivio Patient Savings Program plus coverage by Payers may result in an out-of-pocket patient payment of as low as zero dollars per unit depending on the specific health insurance plan. Neriviois a prescribed digital therapeutic wearable that deploys Remote Electrical Neuromodulation (REN) to activate the body's native conditioned pain modulation mechanism to treat pain, aura, and other symptoms associated with migraine. It is worn on the upper arm and controlled through an App on a patient's smartphone that also serves as a migraine diary, possibly shareable with a caregiver. About Theranica Theranica is a prescribed digital therapeutics company dedicated to creating effective, safe, affordable, low-side effect electroceuticals for idiopathic pain conditions. The company's award-winning flagship product, Nerivio, is the first FDA-cleared smartphone-controlled prescription wearable device for acute treatment of migraine.Nerivio has also received CE mark for Europe. Learn more by visitingwww.theranica.comand follow us onLinkedIn,TwitterandFacebook. Media Contact:Ellie HansonFinn Partners[emailprotected]+1-929-222-8006 Theranica Contact:Ronen Jashek[emailprotected]+972-72-390-9750 SOURCE Theranica
|
edtsum5426
|
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)--Today, Amazon (NASDAQ: AMZN) launched Intellectual Property Accelerator (IP Accelerator) in France, Germany, Italy, Spain, Netherlands and the United Kingdom, making it easier and more cost effective for small and medium-sized businesses (SMBs) to obtain trademarks, protect their brands and tackle counterfeit goods. IP Accelerator, which is available to any brand selling in Amazons stores, connects entrepreneurs directly with a curated network of European law firms with expertise in IP rights. Participating law firms will charge fees to SMBs at competitive, pre-negotiated rates, giving sellers confidence and clarity about how much obtaining a trademark will cost them. In addition, SMBs can also seek general IP advice from these law firms as their brands and businesses grow. Amazon launched IP Accelerator specifically with small business owners in mind. Larger businesses are four times more likely than SMBs to register their Intellectual Property (IP) rights1. The main reason small business entrepreneurs do not protect their rights is because of a lack of knowledge about IP and not knowing where to turn2. The process can be complicated, particularly for entrepreneurs in the early stages of setting up a business, and Amazon wanted to provide low cost assistance to all European SMBs, including the over 150,000 European-based SMBs selling on Amazon. Selling partners continue to account for more than 50% of products Amazon sells in its online stores. IP rights are vital for businesses wanting to stop unauthorized parties from using their brands or copying their ideas. Owning IP can also create new sources of revenue should entrepreneurs wish to license their goods or services to third parties. Businesses using IP Accelerator will also get access to Amazons wider brand protection services months or even years before their trademark registration is officially issued. Amazons Brand Registry provides SMBs with powerful tools that help them manage and protect their brand and IP rights in Amazon stores. Brand Registry is a free service and more than 350,000 brands are already enrolled. Participants benefit from Amazons automated protections that use information about brands to proactively remove suspected infringing or inaccurate content. Brands are also able to find and report suspected infringement through more powerful tools and can gain greater influence over product information displayed on Amazons product detail pages so customers can make confident, informed purchasing decisions on Amazon. Francois Saugier, Vice President for EU Seller Services, Amazon, said: We know from our conversations with small business owners that there is often confusion about why IP rights are important and how sellers can secure them. As part of our broader commitment to supporting small businesses, we have set up IP Accelerator to make the IP registration process as easy and as affordable as possible for entrepreneurs in the early days of their businesses. Pippa Hall, Director of Innovation and Chief Economist, from the UKs Intellectual Property Office, said: Great ideas are the core of every good business. Turning those ideas into a reality relies on IP. Understanding, protecting and getting the most out of your IP is a crucial ingredient of success. A good IP strategy should sit at the heart of every good business plan. Amazon has selected participating IP law firms based on their experience, expertise, and customer service. They will support SMBs with all aspects of the trademark filing process, such as researching a brand to see if anyone else is already using it and providing tailored advice on trademark applications. Over one hundred trademark experts across Europe have signed up to the program. Tilman Vossius, of Barkhoff, Reimann Vossius, Germany, said: The IP Accelerator Programme is the first worldwide programme to provide rapid trademarking registration for small and medium-sized businesses. Amazon has helped SMBs by selecting respected IP firms across Europe and negotiating extremely good prices for them. Jos Ignacio San Martn, Associate Partner, Elzaburu, Spain, said: The trademark is probably the most important intangible asset for a company. It allows a companys products to be identified and differentiated from those of the competition. Amazons IP Accelerator is to be welcomed because it will mean more businesses will register their trademarks and also allows them to access all the benefits of Amazons Brand Registry. Julius Stobbs, Founder, Stobbs IP, UK, said: We are excited to be involved in this programme. It is great that Amazon is placing such an emphasis on IP protection and respecting the rights of brand owners. IP Accelerator elevates the importance of IP and pushes smaller companies to do the right thing: obtaining and respecting IP rights. IP Accelerator was launched in the United States in 2019. Since the launch, Amazon has connected SMBs with participating IP law firms, resulting in 6,000 trademark applications submitted to the US Patent and Trademark Office. Dewar Gaines, Owner and Operator of premium pet products business Gaines Family Farmstead, used IP Accelerator in 2019 to register his trademark, and can testify how European small firms can also benefit from the programme. Mr Gaines said: As with any quickly growing business, there is always risk of people copying or stealing your hard work and capitalizing on your growth. As a result of filing our trademark through IP Accelerator, I am more confident than ever that our brand is secure, leaving me and my team more time to concentrate on providing awesome products to our incredible customers. Amazon does not charge businesses to use IP Accelerator SMBs only pay their law firm directly for the work performed at pre-negotiated rates. Businesses interested in IP Accelerator can go to: http://brandservices.amazon.com/ipaccelerator. Law firms that are interested in participating in the program should contact [email protected] About Amazon "Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews. 1 According to research conducted by the EUIPO, 9% of EU SMBs have registered IP rights compared to 36% of larger companies. https://www.clustercollaboration.eu/sites/default/files/news_attachment/roadmap_-_intellectual_property_action_plan.pdf 2 38% of respondents to a recent study (IP SME scorecard, EUIPO 2019) reported a lack of knowledge about IP as the main reason for not seeking registration. Research cited in https://www.clustercollaboration.eu/sites/default/files/news_attachment/roadmap_-_intellectual_property_action_plan.pdf
Answer:
|
Amazon Launches IP Accelerator in Europe to Help Small Businesses Protect Their Brands and Tackle Counterfeit IP Accelerator connects businesses with a network of trusted IP law firms who will charge pre-negotiated fees Participating small businesses can access Amazons brand protection tools months before their trademark registration is issued
|
SEATTLE--(BUSINESS WIRE)--Today, Amazon (NASDAQ: AMZN) launched Intellectual Property Accelerator (IP Accelerator) in France, Germany, Italy, Spain, Netherlands and the United Kingdom, making it easier and more cost effective for small and medium-sized businesses (SMBs) to obtain trademarks, protect their brands and tackle counterfeit goods. IP Accelerator, which is available to any brand selling in Amazons stores, connects entrepreneurs directly with a curated network of European law firms with expertise in IP rights. Participating law firms will charge fees to SMBs at competitive, pre-negotiated rates, giving sellers confidence and clarity about how much obtaining a trademark will cost them. In addition, SMBs can also seek general IP advice from these law firms as their brands and businesses grow. Amazon launched IP Accelerator specifically with small business owners in mind. Larger businesses are four times more likely than SMBs to register their Intellectual Property (IP) rights1. The main reason small business entrepreneurs do not protect their rights is because of a lack of knowledge about IP and not knowing where to turn2. The process can be complicated, particularly for entrepreneurs in the early stages of setting up a business, and Amazon wanted to provide low cost assistance to all European SMBs, including the over 150,000 European-based SMBs selling on Amazon. Selling partners continue to account for more than 50% of products Amazon sells in its online stores. IP rights are vital for businesses wanting to stop unauthorized parties from using their brands or copying their ideas. Owning IP can also create new sources of revenue should entrepreneurs wish to license their goods or services to third parties. Businesses using IP Accelerator will also get access to Amazons wider brand protection services months or even years before their trademark registration is officially issued. Amazons Brand Registry provides SMBs with powerful tools that help them manage and protect their brand and IP rights in Amazon stores. Brand Registry is a free service and more than 350,000 brands are already enrolled. Participants benefit from Amazons automated protections that use information about brands to proactively remove suspected infringing or inaccurate content. Brands are also able to find and report suspected infringement through more powerful tools and can gain greater influence over product information displayed on Amazons product detail pages so customers can make confident, informed purchasing decisions on Amazon. Francois Saugier, Vice President for EU Seller Services, Amazon, said: We know from our conversations with small business owners that there is often confusion about why IP rights are important and how sellers can secure them. As part of our broader commitment to supporting small businesses, we have set up IP Accelerator to make the IP registration process as easy and as affordable as possible for entrepreneurs in the early days of their businesses. Pippa Hall, Director of Innovation and Chief Economist, from the UKs Intellectual Property Office, said: Great ideas are the core of every good business. Turning those ideas into a reality relies on IP. Understanding, protecting and getting the most out of your IP is a crucial ingredient of success. A good IP strategy should sit at the heart of every good business plan. Amazon has selected participating IP law firms based on their experience, expertise, and customer service. They will support SMBs with all aspects of the trademark filing process, such as researching a brand to see if anyone else is already using it and providing tailored advice on trademark applications. Over one hundred trademark experts across Europe have signed up to the program. Tilman Vossius, of Barkhoff, Reimann Vossius, Germany, said: The IP Accelerator Programme is the first worldwide programme to provide rapid trademarking registration for small and medium-sized businesses. Amazon has helped SMBs by selecting respected IP firms across Europe and negotiating extremely good prices for them. Jos Ignacio San Martn, Associate Partner, Elzaburu, Spain, said: The trademark is probably the most important intangible asset for a company. It allows a companys products to be identified and differentiated from those of the competition. Amazons IP Accelerator is to be welcomed because it will mean more businesses will register their trademarks and also allows them to access all the benefits of Amazons Brand Registry. Julius Stobbs, Founder, Stobbs IP, UK, said: We are excited to be involved in this programme. It is great that Amazon is placing such an emphasis on IP protection and respecting the rights of brand owners. IP Accelerator elevates the importance of IP and pushes smaller companies to do the right thing: obtaining and respecting IP rights. IP Accelerator was launched in the United States in 2019. Since the launch, Amazon has connected SMBs with participating IP law firms, resulting in 6,000 trademark applications submitted to the US Patent and Trademark Office. Dewar Gaines, Owner and Operator of premium pet products business Gaines Family Farmstead, used IP Accelerator in 2019 to register his trademark, and can testify how European small firms can also benefit from the programme. Mr Gaines said: As with any quickly growing business, there is always risk of people copying or stealing your hard work and capitalizing on your growth. As a result of filing our trademark through IP Accelerator, I am more confident than ever that our brand is secure, leaving me and my team more time to concentrate on providing awesome products to our incredible customers. Amazon does not charge businesses to use IP Accelerator SMBs only pay their law firm directly for the work performed at pre-negotiated rates. Businesses interested in IP Accelerator can go to: http://brandservices.amazon.com/ipaccelerator. Law firms that are interested in participating in the program should contact [email protected] About Amazon "Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews. 1 According to research conducted by the EUIPO, 9% of EU SMBs have registered IP rights compared to 36% of larger companies. https://www.clustercollaboration.eu/sites/default/files/news_attachment/roadmap_-_intellectual_property_action_plan.pdf 2 38% of respondents to a recent study (IP SME scorecard, EUIPO 2019) reported a lack of knowledge about IP as the main reason for not seeking registration. Research cited in https://www.clustercollaboration.eu/sites/default/files/news_attachment/roadmap_-_intellectual_property_action_plan.pdf
|
edtsum5428
|
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: WHITE PLAINS,N.Y., Feb. 23, 2021 /PRNewswire/ --Sabra, maker of America's favorite hummus, introduces a game-changing line of plant-based snacks for kids today. Launching in two irresistible, kid-approved flavors, Brownie Batter Dip & Graham Cracker Sticks and Taco Dip & Rolled Tortilla Chips, these single-serve snacks are perfect for families who love to feel great about the foods their kids enjoy. Introducing Sabra Kids! Daphne Oz helps bring the game-changing, plant-based snack home. Introducing Sabra Kids! Christina Milian helps bring the game-changing, plant-based snack home. Introducing Sabra Kids! Candace Parker helps bring the game-changing, plant-based snack home. Sabra introduces its first-ever plant-based snack line for kids. Sabra introduces its first-ever plant-based snack line for kids. Super Moms Daphne Oz, Christina Milian and Candace Parker Bring the Game-Changing Kid Snack Home Tweet this This includes super moms like Daphne Oz, Christina Milian and Candace Parker who work hard to balance busy lives and healthy lifestyles for their families. To help launch Sabra Kids, they are challenging one another and parents everywhere to a game of truth or delicious dare - sharing some less-than-proud, real-life snacking and parenting truths while daring their own children to try something new. The #sabradeliciousdare campaign will kick off the week of February 22nd and brave fans who comment on the posts with their own snacking truths will have a chance to win a limited edition 'Sabra Kids Delicious Dare Box' with a custom card game and two full size products for kids to try each flavor. Mom, professional basketball player, and broadcaster Candace Parker says, "The truth is, when you're always busy and on-the-go, it can be tough to find healthy snack options that your kids willactually enjoy. That's why I am really excited about Sabra Kids! It's a plant-based and delicious snack I can feel good about my daughter eating." According to a recent survey by OnePoll in conjunction with Sabra, 70% of parents say they want their kids to eat more plant-based foods, but 80% say they usually give their picky kids the same snacks they already like. So, how to get them to try something new? More than 70% of parents say their kids will try a new snack if dared to do so!"Like many families, we've embraced a more plant-based way of eating at home, and I know it can be very challenging to find incredibly great tasting, excellent snacks for kids," said Jason Levine, dad of three and Sabra CMO. "Sabra Kids is a delicious snack and we're thrilled for families to taste for themselves in fact, we're daring them to try it."Sabra is so sure kids will LOVE the tasteof the productsthat they have offered a "Love It or It's Free" Guarantee.Visithttp://SabraKids.dja.comfor details & terms & conditions. Must be 18+ (19+ in AL & NE). Refund will consist of pre-tax purchase price stated on original receipt. Submit proof by 1/7/22.Sabra Kids come in packs of three single-serve snacks and the products are plant-based, vegan, Kosher and made from non-GMO* ingredients. You can find Sabra Kids in supermarkets nationwide and online at retailers including Walmart and Amazon Fresh.*Survey conducted by OnePoll in conjunction with Sabra with a sample of 2,000 U.S. parents of school-aged children (5-17) from Feb. 16 - Feb. 19, 2021.About Sabra Dipping Company, LLCWith a rich history dating back to 1986 in Queens, New York, Sabra Dipping Company, LLC is a leader in the refrigerated dips and spreads category and producer of America's top-selling hummus. Hummus is a delicious and remarkably versatile food at the heart of the growing plant-based movement, embraced by Americans across diet preferences. Proudly producing more than a dozen varieties of hummus and other plant-based products including guacamole and Dark Chocolate Dessert Dip & Spread, Sabra believes in the power of delicious food to nourish unexpected connections.Sabra hummus is made with wholesome chickpeas grown in the Pacific Northwest on family-owned farms and produced in Chesterfield County, VA in a state-of-the-art facility which has earned both Gold and Silver certification under the U.S. Green Building Council's LEED certification program. Sabra is headquartered in New York. Sabra's range of products includes offerings that are suitable for lifestyle choices like non-GMO*, vegetarian, organic, gluten-free, kosher and vegan items and can be found nationwide in club stores, supermarkets, specialty retailers, through food service and at online retailers.Find Sabra atwww.sabra.com,www.youtube.com/sabra, www.facebook.com/sabra, www.instagram.com/sabra,www.twitter.com/sabraandwww.pinterest.com/sabradips.*Not made with genetically engineered ingredients.SOURCE Sabra Dipping Company, LLC Related Links http://www.sabra.com
Answer:
|
Sabra Introduces Its First-Ever Plant-Based Snack Line For Kids Super Moms Daphne Oz, Christina Milian and Candace Parker Bring the Game-Changing Kid Snack Home, Challenging Parents to Play 'Truth or Delicious Dare'
|
WHITE PLAINS,N.Y., Feb. 23, 2021 /PRNewswire/ --Sabra, maker of America's favorite hummus, introduces a game-changing line of plant-based snacks for kids today. Launching in two irresistible, kid-approved flavors, Brownie Batter Dip & Graham Cracker Sticks and Taco Dip & Rolled Tortilla Chips, these single-serve snacks are perfect for families who love to feel great about the foods their kids enjoy. Introducing Sabra Kids! Daphne Oz helps bring the game-changing, plant-based snack home. Introducing Sabra Kids! Christina Milian helps bring the game-changing, plant-based snack home. Introducing Sabra Kids! Candace Parker helps bring the game-changing, plant-based snack home. Sabra introduces its first-ever plant-based snack line for kids. Sabra introduces its first-ever plant-based snack line for kids. Super Moms Daphne Oz, Christina Milian and Candace Parker Bring the Game-Changing Kid Snack Home Tweet this This includes super moms like Daphne Oz, Christina Milian and Candace Parker who work hard to balance busy lives and healthy lifestyles for their families. To help launch Sabra Kids, they are challenging one another and parents everywhere to a game of truth or delicious dare - sharing some less-than-proud, real-life snacking and parenting truths while daring their own children to try something new. The #sabradeliciousdare campaign will kick off the week of February 22nd and brave fans who comment on the posts with their own snacking truths will have a chance to win a limited edition 'Sabra Kids Delicious Dare Box' with a custom card game and two full size products for kids to try each flavor. Mom, professional basketball player, and broadcaster Candace Parker says, "The truth is, when you're always busy and on-the-go, it can be tough to find healthy snack options that your kids willactually enjoy. That's why I am really excited about Sabra Kids! It's a plant-based and delicious snack I can feel good about my daughter eating." According to a recent survey by OnePoll in conjunction with Sabra, 70% of parents say they want their kids to eat more plant-based foods, but 80% say they usually give their picky kids the same snacks they already like. So, how to get them to try something new? More than 70% of parents say their kids will try a new snack if dared to do so!"Like many families, we've embraced a more plant-based way of eating at home, and I know it can be very challenging to find incredibly great tasting, excellent snacks for kids," said Jason Levine, dad of three and Sabra CMO. "Sabra Kids is a delicious snack and we're thrilled for families to taste for themselves in fact, we're daring them to try it."Sabra is so sure kids will LOVE the tasteof the productsthat they have offered a "Love It or It's Free" Guarantee.Visithttp://SabraKids.dja.comfor details & terms & conditions. Must be 18+ (19+ in AL & NE). Refund will consist of pre-tax purchase price stated on original receipt. Submit proof by 1/7/22.Sabra Kids come in packs of three single-serve snacks and the products are plant-based, vegan, Kosher and made from non-GMO* ingredients. You can find Sabra Kids in supermarkets nationwide and online at retailers including Walmart and Amazon Fresh.*Survey conducted by OnePoll in conjunction with Sabra with a sample of 2,000 U.S. parents of school-aged children (5-17) from Feb. 16 - Feb. 19, 2021.About Sabra Dipping Company, LLCWith a rich history dating back to 1986 in Queens, New York, Sabra Dipping Company, LLC is a leader in the refrigerated dips and spreads category and producer of America's top-selling hummus. Hummus is a delicious and remarkably versatile food at the heart of the growing plant-based movement, embraced by Americans across diet preferences. Proudly producing more than a dozen varieties of hummus and other plant-based products including guacamole and Dark Chocolate Dessert Dip & Spread, Sabra believes in the power of delicious food to nourish unexpected connections.Sabra hummus is made with wholesome chickpeas grown in the Pacific Northwest on family-owned farms and produced in Chesterfield County, VA in a state-of-the-art facility which has earned both Gold and Silver certification under the U.S. Green Building Council's LEED certification program. Sabra is headquartered in New York. Sabra's range of products includes offerings that are suitable for lifestyle choices like non-GMO*, vegetarian, organic, gluten-free, kosher and vegan items and can be found nationwide in club stores, supermarkets, specialty retailers, through food service and at online retailers.Find Sabra atwww.sabra.com,www.youtube.com/sabra, www.facebook.com/sabra, www.instagram.com/sabra,www.twitter.com/sabraandwww.pinterest.com/sabradips.*Not made with genetically engineered ingredients.SOURCE Sabra Dipping Company, LLC Related Links http://www.sabra.com
|
edtsum5433
|
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)-- FORM 8.5 (EPT/NON-RI) PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (RI) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE) Rule 8.5 of the Takeover Code (the Code) 1. KEY INFORMATION BARCLAYS CAPITAL SECURITIES LTD GLOBALWORTH REAL ESTATE INVESTMENTS CPI Property Group S.A and Aroundtown SA 20 April 2021 NO 2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Interests Short Positions Number (%) Number (%) (1) 30,843 0.01% 65,369 0.03% (2) 63,944 0.03% 30,843 0.01% (3) 0 0.00% 0 0.00% 94,787 0.04% 96,212 0.04% All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Ordinary Purchase 2,660 7.4255 EUR 7.4255 EUR Ordinary Sale 6 7.4803 EUR 7.4803 EUR (b) Cash-settled derivative transactions Class of Product Nature of dealing Number of Price per relevant description reference unit security securities Ordinary SWAP Short 1,247 7.3826 EUR Ordinary SWAP Short 1,407 7.4633 EUR (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state none None (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state none None (c) Attachments 21 Apr 2021 Large Holdings Regulatory Operations 020 3134 7213 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panels Market Surveillance Unit is available for consultation in relation to the Codes disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panels website at www.thetakeoverpanel.org.uk.
Answer:
|
Form 8.5 (EPT/NON-RI) - GLOBALWORTH REAL ESTATE INVESTMENTS
|
LONDON--(BUSINESS WIRE)-- FORM 8.5 (EPT/NON-RI) PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (RI) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE) Rule 8.5 of the Takeover Code (the Code) 1. KEY INFORMATION BARCLAYS CAPITAL SECURITIES LTD GLOBALWORTH REAL ESTATE INVESTMENTS CPI Property Group S.A and Aroundtown SA 20 April 2021 NO 2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Interests Short Positions Number (%) Number (%) (1) 30,843 0.01% 65,369 0.03% (2) 63,944 0.03% 30,843 0.01% (3) 0 0.00% 0 0.00% 94,787 0.04% 96,212 0.04% All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Ordinary Purchase 2,660 7.4255 EUR 7.4255 EUR Ordinary Sale 6 7.4803 EUR 7.4803 EUR (b) Cash-settled derivative transactions Class of Product Nature of dealing Number of Price per relevant description reference unit security securities Ordinary SWAP Short 1,247 7.3826 EUR Ordinary SWAP Short 1,407 7.4633 EUR (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state none None (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state none None (c) Attachments 21 Apr 2021 Large Holdings Regulatory Operations 020 3134 7213 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panels Market Surveillance Unit is available for consultation in relation to the Codes disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panels website at www.thetakeoverpanel.org.uk.
|
edtsum5440
|
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. 20, 2020 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this U.S. electronic health records (EHR) marketreport. U.S. electronic health records (EHR) marketis expected to grow at a CAGR of approximately 6% during the period 20192025. Key Highlights Offered in the Report: 1. The US electronic health record market would realize an absolute growth of 41% with a leap of over $3 billion revenue between 2019 and 2025. 2. Owing to the rising number chronic diseases and surgeries in the US, the clinical application segment will reach over $3 billion in 2025 growing at a CAGR of around 5% during 2019-2025. 3. Hospitals being largest end-user segment in 2019 with incremental market value of over $1 billion between 2019 and 2025. Rise in number of patient pool in the US is expected to surge the market value of hospitals which is expected to reach over $4 billion by 2025. 4. The market for cloud-based electronic health record software is surging with the rise in adoption of improving computing models. The cloud-based software in the US has witnessed incremental growth of around $1.7 billion revenue between 2019 and 2025. 5. Specialty centers are witnessing high a traction in demand in the US. The segment is expected to witness a high growth with CAGR of over 6%, contributing incremental revenues worth around $733 million during the forecast period. Key Offerings: Market Size & Forecast by Revenue | 20192025 Market Dynamics Leading trends, growth drivers, restraints, and investment opportunities Market Segmentation A detailed analysis by end-user, deployment, and application Competitive Landscape 25 key vendors and 31 other vendors Get your sample today! https://www.arizton.com/market-reports/electronic-health-records-ehr-market-in-united-states U.S. Electronics Health Records (EHR) Market Segmentation Specialty centers, on the other hand, are expected to display the highest growth over the forecast period. The market share of specialty centers was recorded at close to 20% in 2019, which is expected to reach 21% in 2025. Specialty centers are convenient for both healthcare providers and patients. Based on cost-accounting applications, health care cost-accounting systems have been adopted widely. In the US, a high percentage focuses on reducing the cost of healthcare, and the adoption of EHR and health IT systems has a significant role to play in achieving that. On-premise deployment involves hosting the EHR software on in-house servers maintained and implemented by an organization's IT team. Cloud-based is an online software-as-a-service implementation that hosts the software in the cloud where users access it via the internet. Both come with unique pros and cons that can impact decision-making. U.S. Electronics Health Records (EHR) Market by Deployment Cloud-based Software On-premise Software U.S. Electronics Health Records (EHR) Market by Application Clinical Administrative Reporting in Healthcare Systems Healthcare Financing Clinical Research U.S. Electronics Health Records (EHR) Market by End-user Hospitals Clinics Specialty Centers Others U.S. Electronics Health Records (EHR) Market Dynamics In 2009, the US government granted $1.2 billion to help hospitals and health care providers to establish and use electronic health records. These funds are basically aimed at helping physicians and hospitals to adopt electronic medical records and at building an exchange to move health information among various healthcare agencies. Moreover, the US government is consistently focusing on improving patient engagement. The financial incentives by the government are driving the electronic healthcare record market during the forecast period. The government is offering incentives to physicians, hospitals, and other healthcare facilities for the meaningful use of certified electronics in the US. Further, technological advancements, governmental and private organizations' initiatives to ensure EHR implementation across health care settings in North America is another factor that is expected to drive the electronic health records market during the forecast period. Get your sample today! https://www.arizton.com/market-reports/electronic-health-records-ehr-market-in-united-states Key Drivers and Trends fueling Market Growth: Rise in the Number of Chronic Diseases Increasing Patient Engagement Technological Advancement in Healthcare IT Rising Need to Improve Healthcare Record Portability Major Vendors Allscripts Athenahealth Inc. Cerner Corporation eClinicalWorks Epic Systems Other Prominent Vendors Amkai Solutions EHR Amrita Medical Solutions Angel Systems Askesis Development Group Cantata Health CGI Co Centrix Credible DSS Empower Systems Evident FEI Systems GE Healthcare Harris Healthcare Health Care Software (HCS) ICANotes Indian Health Services Infomedika InterSystems Marshfield Clinic McKesson MedConnect MedEZ Medsphere Systems Corp. Meta Healthcare IT Solutions MEDITECH MindLinc Morris Systems Netsmart Technologies NextGen NTT Data Optimus EMR Point Click Care Prognosis Innovation Healthcare PsyTech Solutions Qualifacts Systems Remarkable Health Sigma Care Sigmund Software Source Medical Solutions Technomad Tenzing Medical Uniform Data System for Medical Rehabilitation (UDSMR) VeraSuite World VistA Explore our healthcare & lifesciencesprofile to know more about the industry. Read some of the top-selling reports: US Nursing Care Market - Industry Outlook and Forecast 2020-2025 U.S. Telehealth Market - Industry Outlook and Forecast 2020-2025 Telehealth Market - Global Outlook and Forecast 2020-2025 Remote Healthcare (mHealth, Tele-ICUs, & Virtual Health) Market - Global Outlook and Forecast 2020-2025 About Arizton: AriztonAdvisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services. We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports. Mail: [emailprotected]Call: +1-312-235-2040 +1 302 469 0707 SOURCE Arizton Advisory & Intelligence
Answer:
|
U.S. Electronics Health Records (EHR) Market Size to Reach Revenues of USD 10 Billion by 2025 - Arizton
|
CHICAGO, Oct. 20, 2020 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this U.S. electronic health records (EHR) marketreport. U.S. electronic health records (EHR) marketis expected to grow at a CAGR of approximately 6% during the period 20192025. Key Highlights Offered in the Report: 1. The US electronic health record market would realize an absolute growth of 41% with a leap of over $3 billion revenue between 2019 and 2025. 2. Owing to the rising number chronic diseases and surgeries in the US, the clinical application segment will reach over $3 billion in 2025 growing at a CAGR of around 5% during 2019-2025. 3. Hospitals being largest end-user segment in 2019 with incremental market value of over $1 billion between 2019 and 2025. Rise in number of patient pool in the US is expected to surge the market value of hospitals which is expected to reach over $4 billion by 2025. 4. The market for cloud-based electronic health record software is surging with the rise in adoption of improving computing models. The cloud-based software in the US has witnessed incremental growth of around $1.7 billion revenue between 2019 and 2025. 5. Specialty centers are witnessing high a traction in demand in the US. The segment is expected to witness a high growth with CAGR of over 6%, contributing incremental revenues worth around $733 million during the forecast period. Key Offerings: Market Size & Forecast by Revenue | 20192025 Market Dynamics Leading trends, growth drivers, restraints, and investment opportunities Market Segmentation A detailed analysis by end-user, deployment, and application Competitive Landscape 25 key vendors and 31 other vendors Get your sample today! https://www.arizton.com/market-reports/electronic-health-records-ehr-market-in-united-states U.S. Electronics Health Records (EHR) Market Segmentation Specialty centers, on the other hand, are expected to display the highest growth over the forecast period. The market share of specialty centers was recorded at close to 20% in 2019, which is expected to reach 21% in 2025. Specialty centers are convenient for both healthcare providers and patients. Based on cost-accounting applications, health care cost-accounting systems have been adopted widely. In the US, a high percentage focuses on reducing the cost of healthcare, and the adoption of EHR and health IT systems has a significant role to play in achieving that. On-premise deployment involves hosting the EHR software on in-house servers maintained and implemented by an organization's IT team. Cloud-based is an online software-as-a-service implementation that hosts the software in the cloud where users access it via the internet. Both come with unique pros and cons that can impact decision-making. U.S. Electronics Health Records (EHR) Market by Deployment Cloud-based Software On-premise Software U.S. Electronics Health Records (EHR) Market by Application Clinical Administrative Reporting in Healthcare Systems Healthcare Financing Clinical Research U.S. Electronics Health Records (EHR) Market by End-user Hospitals Clinics Specialty Centers Others U.S. Electronics Health Records (EHR) Market Dynamics In 2009, the US government granted $1.2 billion to help hospitals and health care providers to establish and use electronic health records. These funds are basically aimed at helping physicians and hospitals to adopt electronic medical records and at building an exchange to move health information among various healthcare agencies. Moreover, the US government is consistently focusing on improving patient engagement. The financial incentives by the government are driving the electronic healthcare record market during the forecast period. The government is offering incentives to physicians, hospitals, and other healthcare facilities for the meaningful use of certified electronics in the US. Further, technological advancements, governmental and private organizations' initiatives to ensure EHR implementation across health care settings in North America is another factor that is expected to drive the electronic health records market during the forecast period. Get your sample today! https://www.arizton.com/market-reports/electronic-health-records-ehr-market-in-united-states Key Drivers and Trends fueling Market Growth: Rise in the Number of Chronic Diseases Increasing Patient Engagement Technological Advancement in Healthcare IT Rising Need to Improve Healthcare Record Portability Major Vendors Allscripts Athenahealth Inc. Cerner Corporation eClinicalWorks Epic Systems Other Prominent Vendors Amkai Solutions EHR Amrita Medical Solutions Angel Systems Askesis Development Group Cantata Health CGI Co Centrix Credible DSS Empower Systems Evident FEI Systems GE Healthcare Harris Healthcare Health Care Software (HCS) ICANotes Indian Health Services Infomedika InterSystems Marshfield Clinic McKesson MedConnect MedEZ Medsphere Systems Corp. Meta Healthcare IT Solutions MEDITECH MindLinc Morris Systems Netsmart Technologies NextGen NTT Data Optimus EMR Point Click Care Prognosis Innovation Healthcare PsyTech Solutions Qualifacts Systems Remarkable Health Sigma Care Sigmund Software Source Medical Solutions Technomad Tenzing Medical Uniform Data System for Medical Rehabilitation (UDSMR) VeraSuite World VistA Explore our healthcare & lifesciencesprofile to know more about the industry. Read some of the top-selling reports: US Nursing Care Market - Industry Outlook and Forecast 2020-2025 U.S. Telehealth Market - Industry Outlook and Forecast 2020-2025 Telehealth Market - Global Outlook and Forecast 2020-2025 Remote Healthcare (mHealth, Tele-ICUs, & Virtual Health) Market - Global Outlook and Forecast 2020-2025 About Arizton: AriztonAdvisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services. We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports. Mail: [emailprotected]Call: +1-312-235-2040 +1 302 469 0707 SOURCE Arizton Advisory & Intelligence
|
edtsum5445
|
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)--Objective Paradigm, LLC (Objective Paradigm or the Company) is pleased to announce efforts to expand their family of specialized staffing and recruiting services firms that will be led by new Chief Executive Officer, David Morgan. David brings a wealth of leadership and domain expertise to this role, having led multiple staffing organizations through significant growth and development. His capabilities include extensive IT staffing leadership experience, exceptional operational acumen, and strong financial orientation. David has a deep understanding of how to create value for clients through the combination of operational scale and a performance-driven culture. David is taking the helm of the Objective Paradigm family of staffing and recruiting services firms at a critical point in their continued evolution. Objective Paradigm, Talution Group, and Objective ERP have developed a specialized array of offerings catering toward servicing clients needs for hiring people with specific skills through tailored services. In considering the next endeavor in my career, I knew I wanted to build an organization that was focused on meeting the increasingly specialized needs of clients, said Morgan. Ryan Pollock and Kevin Krumm share this same vision, and having known both of them for over 15 years, and having a high regard for the organization they built, this represented the perfect opportunity for us to work together. I look forward to working with our talented team to build on the foundation that has been laid and develop specialized brands to deliver unique value to the clients and candidates we serve. Davids familiarity with the Companys current leadership team and strategy will allow him to integrate quickly, a major benefit in being able to quickly ramp up value to clients and candidates. Kevin Krumm, the Companys former CEO and 18-year veteran, will assume the COO role while founder Ryan Pollock will move into the Chief Revenue Officer role. Clients rely on our team of talented recruiting and sourcing professionals to present them with highly sought-after people. Whether its financial markets, ERP, or Salesforce expertise, for their contract or direct-hire needs, our clients need the best available talent quickly. The addition of David Morgan means were going to be able to serve more clients across a broader landscape. Kevin Krumm also remarked, Many years ago we became determined to be the most respected and effective recruiting firm for every client and candidate we work with; David brings us even closer to realizing that vision. At the end of the day, we always refer to ours as a relationship business, Ryan Pollock said. It is fitting that the development of one of those relationships over many years has allowed us to bring David in to lead our team into the next chapter of growth for this relationship business. Im confident that Objective Paradigm, Talution Group, and Objective ERPs clients, candidates, and especially our teams of talented people across all of our service groups will benefit from Davids leadership and expertise. About Objective Paradigm, LLC. Objective Paradigm (OP) is a leading provider of recruiting and staffing services to innovative companies across the US. Together, the family of OP companies, Talution Group and Objective ERP provide direct-hire and temporary staffing places as well as dedicated recruiting and sourcing services. OPs services teams bring their strategic and tactical expertise to become the de facto internal recruiting and sourcing machines for clients. Through these various delivery models, they provide specialized talent with expertise in the ERP, Salesforce, high-growth start-up, cryptocurrency & digital assets, and the financial markets domains. From enterprise organizations to high-growth start-ups, our teams are dedicated to ensuring wins for both our clients and our candidates. Objective Paradigm is repeatedly recognized by Crains Chicago as one of the best places to work in the Chicago area. We serve clients across the country with our team of internationally recognized experts in sourcing strategies and technology. The team is positioned for rapid growth and to hire dedicated professionals capable of delivering exceptional results. For more information about Objective Paradigm, please visit www.oprecruiting.com. For more information about our career opportunities, visit https://careers.oprecruiting.com. Additionally, please visit Talution Group www.talution.com and Objective ERP www.objectiveerp.com.
Answer:
|
Objective Paradigm Announces David Morgan as New Chief Executive Officer
|
CHICAGO--(BUSINESS WIRE)--Objective Paradigm, LLC (Objective Paradigm or the Company) is pleased to announce efforts to expand their family of specialized staffing and recruiting services firms that will be led by new Chief Executive Officer, David Morgan. David brings a wealth of leadership and domain expertise to this role, having led multiple staffing organizations through significant growth and development. His capabilities include extensive IT staffing leadership experience, exceptional operational acumen, and strong financial orientation. David has a deep understanding of how to create value for clients through the combination of operational scale and a performance-driven culture. David is taking the helm of the Objective Paradigm family of staffing and recruiting services firms at a critical point in their continued evolution. Objective Paradigm, Talution Group, and Objective ERP have developed a specialized array of offerings catering toward servicing clients needs for hiring people with specific skills through tailored services. In considering the next endeavor in my career, I knew I wanted to build an organization that was focused on meeting the increasingly specialized needs of clients, said Morgan. Ryan Pollock and Kevin Krumm share this same vision, and having known both of them for over 15 years, and having a high regard for the organization they built, this represented the perfect opportunity for us to work together. I look forward to working with our talented team to build on the foundation that has been laid and develop specialized brands to deliver unique value to the clients and candidates we serve. Davids familiarity with the Companys current leadership team and strategy will allow him to integrate quickly, a major benefit in being able to quickly ramp up value to clients and candidates. Kevin Krumm, the Companys former CEO and 18-year veteran, will assume the COO role while founder Ryan Pollock will move into the Chief Revenue Officer role. Clients rely on our team of talented recruiting and sourcing professionals to present them with highly sought-after people. Whether its financial markets, ERP, or Salesforce expertise, for their contract or direct-hire needs, our clients need the best available talent quickly. The addition of David Morgan means were going to be able to serve more clients across a broader landscape. Kevin Krumm also remarked, Many years ago we became determined to be the most respected and effective recruiting firm for every client and candidate we work with; David brings us even closer to realizing that vision. At the end of the day, we always refer to ours as a relationship business, Ryan Pollock said. It is fitting that the development of one of those relationships over many years has allowed us to bring David in to lead our team into the next chapter of growth for this relationship business. Im confident that Objective Paradigm, Talution Group, and Objective ERPs clients, candidates, and especially our teams of talented people across all of our service groups will benefit from Davids leadership and expertise. About Objective Paradigm, LLC. Objective Paradigm (OP) is a leading provider of recruiting and staffing services to innovative companies across the US. Together, the family of OP companies, Talution Group and Objective ERP provide direct-hire and temporary staffing places as well as dedicated recruiting and sourcing services. OPs services teams bring their strategic and tactical expertise to become the de facto internal recruiting and sourcing machines for clients. Through these various delivery models, they provide specialized talent with expertise in the ERP, Salesforce, high-growth start-up, cryptocurrency & digital assets, and the financial markets domains. From enterprise organizations to high-growth start-ups, our teams are dedicated to ensuring wins for both our clients and our candidates. Objective Paradigm is repeatedly recognized by Crains Chicago as one of the best places to work in the Chicago area. We serve clients across the country with our team of internationally recognized experts in sourcing strategies and technology. The team is positioned for rapid growth and to hire dedicated professionals capable of delivering exceptional results. For more information about Objective Paradigm, please visit www.oprecruiting.com. For more information about our career opportunities, visit https://careers.oprecruiting.com. Additionally, please visit Talution Group www.talution.com and Objective ERP www.objectiveerp.com.
|
edtsum5455
|
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: BOCA RATON, Fla.--(BUSINESS WIRE)--Modernizing Medicine today announced it has acquired orthopedics electronic health records (EHR) vendor Exscribe. The acquisition brings together two of the healthcare industrys leading, all-in-one orthopedic EHR vendors with a shared mission of increasing practice efficiency by transforming how healthcare information is created, consumed and utilized. With a commitment to streamlining practice operations through intuitive, customizable solutions that adapt to orthopedists workflows, Modernizing Medicine and Exscribe will work together to accelerate innovation and bring to market advanced EHR, practice management, and technology solutions intended to improve physician efficiency, reduce burnout, and support value-based care. Exscribe and Modernizing Medicine have a shared commitment to customer success and improving patient outcomes and we are excited to work together to leverage our combined orthopedics expertise to move the industry forward, said Dan Cane, CEO of Modernizing Medicine. Both companies were founded on the belief that the best EHRs are built specialty specific by physicians, for physicians, and that product excellence is a direct reflection of the strength of our team. With that, we are excited to welcome the talented individuals at Exscribe to the Modernizing Medicine family and are confident that we can leverage our combined expertise to enhance and grow our solutions to meet the needs of customers of virtually any size and orthopedic specialization. Exscribe was founded in 2000 by nationally-renowned orthopedic surgeon Ranjan Sachdev, MD, MBA, CHC, who was looking for a better way to manage his orthopedic practice. Working with a team of orthopedists and IT professionals, Dr. Sachdev developed the Exscribe Orthopaedic EHR, which today is among the leading specialty-specific healthcare technology solutions available. Leveraging machine learning and artificial intelligence, Exscribes EHR is intuitive, enabling orthopedists to use one-click treatment plans for specific conditions, including orders for surgery and therapy, prescriptions, patient education, referral letters, and more. Exscribe Founder and CEO, Dr. Sachdev and other members of the Exscribe team will be joining Modernizing Medicine, and through the increased scale and combined expertise, both companies intend to continue providing world-class technology solutions and support to orthopedic customers. Modernizing Medicine is known for its state of the art web based offerings, growing presence in the orthopedics space and commitment to working with customers to build solutions that meet the needs of orthopedists and their office staff, said Dr. Sachdev. Existing Exscribe customers will experience very few immediate changes. In the long term, we look forward to leveraging the decades of expertise from both companies to build fully interoperable EHR technologies that solve administrative inefficiencies and promote orthopedic excellence. Modernizing Medicines top-rated specialty-specific orthopedic electronic health records (EHR) system, EMA Orthopedics, has been named the number one EHR in orthopedics for three consecutive years by Black Book. The mobile-, touch- and cloud-based solution was designed to help orthopedic physicians move through exams and procedures efficiently. The modmed Orthopedics suite of products includes Practice Management, Business Operations Services, Analytics and patient engagement tools, as well as modmed Telehealth. To learn more about Modernizing Medicine and Exscribe, visit: www.modmed.com/exscribe. About Modernizing Medicine Modernizing Medicine and its affiliated companies empower healthcare providers and medical practices with a suite of solutions designed to transform how healthcare information is created, consumed and utilized to increase practice efficiency and improve patient outcomes. The award-winning healthcare technology company works with providers nationwide in the specialties of dermatology, ophthalmology, orthopedics, otolaryngology, plastic surgery, gastroenterology, pain management and urology, as well as ambulatory surgery centers. Modernizing Medicine and its affiliated companies provide a suite of solutions including the electronic health records (EHR) system, EMA, and the GI-specific EHR, gGastro. The healthcare suite includes Practice Management, Business Operations Services, Analytics, payment processing services and patient engagement tools such as telehealth. Built with the help of on-staff practicing physicians, the all-in-one EHR systems help provide a more complete picture into the clinical, operational and financial aspects of specialty medical practices with the goal of helping practices focus even more of their time on patient care. For more information, please visit www.modmed.com. Connect with Modernizing Medicine via its blog, Facebook, LinkedIn, Twitter and Instagram.
Answer:
|
Modernizing Medicine Announces Acquisition of Orthopedic Healthcare Technology Company Exscribe, Inc. Acquisition combines top talent from two leading orthopedic healthcare software companies to bring further innovation to the healthcare technology market
|
BOCA RATON, Fla.--(BUSINESS WIRE)--Modernizing Medicine today announced it has acquired orthopedics electronic health records (EHR) vendor Exscribe. The acquisition brings together two of the healthcare industrys leading, all-in-one orthopedic EHR vendors with a shared mission of increasing practice efficiency by transforming how healthcare information is created, consumed and utilized. With a commitment to streamlining practice operations through intuitive, customizable solutions that adapt to orthopedists workflows, Modernizing Medicine and Exscribe will work together to accelerate innovation and bring to market advanced EHR, practice management, and technology solutions intended to improve physician efficiency, reduce burnout, and support value-based care. Exscribe and Modernizing Medicine have a shared commitment to customer success and improving patient outcomes and we are excited to work together to leverage our combined orthopedics expertise to move the industry forward, said Dan Cane, CEO of Modernizing Medicine. Both companies were founded on the belief that the best EHRs are built specialty specific by physicians, for physicians, and that product excellence is a direct reflection of the strength of our team. With that, we are excited to welcome the talented individuals at Exscribe to the Modernizing Medicine family and are confident that we can leverage our combined expertise to enhance and grow our solutions to meet the needs of customers of virtually any size and orthopedic specialization. Exscribe was founded in 2000 by nationally-renowned orthopedic surgeon Ranjan Sachdev, MD, MBA, CHC, who was looking for a better way to manage his orthopedic practice. Working with a team of orthopedists and IT professionals, Dr. Sachdev developed the Exscribe Orthopaedic EHR, which today is among the leading specialty-specific healthcare technology solutions available. Leveraging machine learning and artificial intelligence, Exscribes EHR is intuitive, enabling orthopedists to use one-click treatment plans for specific conditions, including orders for surgery and therapy, prescriptions, patient education, referral letters, and more. Exscribe Founder and CEO, Dr. Sachdev and other members of the Exscribe team will be joining Modernizing Medicine, and through the increased scale and combined expertise, both companies intend to continue providing world-class technology solutions and support to orthopedic customers. Modernizing Medicine is known for its state of the art web based offerings, growing presence in the orthopedics space and commitment to working with customers to build solutions that meet the needs of orthopedists and their office staff, said Dr. Sachdev. Existing Exscribe customers will experience very few immediate changes. In the long term, we look forward to leveraging the decades of expertise from both companies to build fully interoperable EHR technologies that solve administrative inefficiencies and promote orthopedic excellence. Modernizing Medicines top-rated specialty-specific orthopedic electronic health records (EHR) system, EMA Orthopedics, has been named the number one EHR in orthopedics for three consecutive years by Black Book. The mobile-, touch- and cloud-based solution was designed to help orthopedic physicians move through exams and procedures efficiently. The modmed Orthopedics suite of products includes Practice Management, Business Operations Services, Analytics and patient engagement tools, as well as modmed Telehealth. To learn more about Modernizing Medicine and Exscribe, visit: www.modmed.com/exscribe. About Modernizing Medicine Modernizing Medicine and its affiliated companies empower healthcare providers and medical practices with a suite of solutions designed to transform how healthcare information is created, consumed and utilized to increase practice efficiency and improve patient outcomes. The award-winning healthcare technology company works with providers nationwide in the specialties of dermatology, ophthalmology, orthopedics, otolaryngology, plastic surgery, gastroenterology, pain management and urology, as well as ambulatory surgery centers. Modernizing Medicine and its affiliated companies provide a suite of solutions including the electronic health records (EHR) system, EMA, and the GI-specific EHR, gGastro. The healthcare suite includes Practice Management, Business Operations Services, Analytics, payment processing services and patient engagement tools such as telehealth. Built with the help of on-staff practicing physicians, the all-in-one EHR systems help provide a more complete picture into the clinical, operational and financial aspects of specialty medical practices with the goal of helping practices focus even more of their time on patient care. For more information, please visit www.modmed.com. Connect with Modernizing Medicine via its blog, Facebook, LinkedIn, Twitter and Instagram.
|
edtsum5460
|
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, July 22, 2020 /PRNewswire/ -- The "Mobile Gambling - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to this 9th edition of the report. The 185-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 Mobile Gambling Market to Reach US$250.4 Billion by the Year 2027Amid the COVID-19 crisis, the global market for Mobile Gambling estimated at US$79.5 Billion in the year 2020, is projected to reach a revised size of US$250.4 Billion by 2027, growing at a CAGR of 17.8% over the analysis period 2020-2027.Betting, one of the segments analyzed in the report, is projected to grow at a 17.6% CAGR to reach US$141.4 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 Casino segment is readjusted to a revised 18% CAGR for the next 7-year period. This segment currently accounts for a 11.9% share of the global Mobile Gambling market.The U.S. Accounts for Over 26.9% of Global Market Size in 2020, While China is Forecast to Grow at a 22.9% CAGR for the Period of 2020-2027The Mobile Gambling market in the U.S. is estimated at US$21.4 Billion in the year 2020. The country currently accounts for a 26.91% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$59.1 Billion in the year 2027 trailing a CAGR of 22.9% through 2027.Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.8% and 15.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14% CAGR while Rest of European market (as defined in the study) will reach US$59.1 Billion by the year 2027.Poker Segment Corners a 16.5% Share in 2020In the global Poker segment, USA, Canada, Japan, China and Europe will drive the 13.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$9.9 Billion in the year 2020 will reach a projected size of US$24.5 Billion by the close of the analysis period.China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$39.4 Billion by the year 2027, while Latin America will expand at a 16.4% CAGR through the analysis period.Competitors identified in this market include, among others: Betfair Group PLC Ladbrokes Coral Group plc Total Companies Profiled: 38 For more information about this report visit https://www.researchandmarkets.com/r/gvwuns 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:
|
Mobile Gambling Industry Projected to Cross $250 Billion by 2027, Growing at a CAGR of 17.8% Despite the COVID-19 Crisis in 2020
|
DUBLIN, July 22, 2020 /PRNewswire/ -- The "Mobile Gambling - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to this 9th edition of the report. The 185-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 Mobile Gambling Market to Reach US$250.4 Billion by the Year 2027Amid the COVID-19 crisis, the global market for Mobile Gambling estimated at US$79.5 Billion in the year 2020, is projected to reach a revised size of US$250.4 Billion by 2027, growing at a CAGR of 17.8% over the analysis period 2020-2027.Betting, one of the segments analyzed in the report, is projected to grow at a 17.6% CAGR to reach US$141.4 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 Casino segment is readjusted to a revised 18% CAGR for the next 7-year period. This segment currently accounts for a 11.9% share of the global Mobile Gambling market.The U.S. Accounts for Over 26.9% of Global Market Size in 2020, While China is Forecast to Grow at a 22.9% CAGR for the Period of 2020-2027The Mobile Gambling market in the U.S. is estimated at US$21.4 Billion in the year 2020. The country currently accounts for a 26.91% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$59.1 Billion in the year 2027 trailing a CAGR of 22.9% through 2027.Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.8% and 15.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14% CAGR while Rest of European market (as defined in the study) will reach US$59.1 Billion by the year 2027.Poker Segment Corners a 16.5% Share in 2020In the global Poker segment, USA, Canada, Japan, China and Europe will drive the 13.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$9.9 Billion in the year 2020 will reach a projected size of US$24.5 Billion by the close of the analysis period.China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$39.4 Billion by the year 2027, while Latin America will expand at a 16.4% CAGR through the analysis period.Competitors identified in this market include, among others: Betfair Group PLC Ladbrokes Coral Group plc Total Companies Profiled: 38 For more information about this report visit https://www.researchandmarkets.com/r/gvwuns 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
|
edtsum5461
|
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: ST. LOUIS, Jan. 7, 2021 /PRNewswire/ --Energizer Holdings, Inc. (NYSE: ENR) (the "Company") today notified the trustee for the Company's 7.750% Senior Notes due 2027 (the "Notes") that the conditions to the previously announced conditional redemption in full of the $600,000,000 aggregate principal amount outstanding of the Notes have been satisfied. The Company also announced today the redemption price for the redemption of the Notes. The Notes will be redeemed in full on January 8, 2021 (the "Redemption Date"), and the redemption price for the Notes will be $1,110.964735 per $1,000 principal amount of the Notes, plus accrued and unpaid interest to but excluding the Redemption Date of $37.24305555 per $1,000 principal amount of the Notes, for a total amount payable on the Redemption Date of $1,148.20779055 per $1,000 principal amount of the Notes, all as calculated in accordance with the terms of the Notes and the indenture governing the Notes. About Energizer Holdings, Inc. Energizer Holdings, Inc. (NYSE: ENR), headquartered in St. Louis, Missouri, is one of the world's largest manufacturers and distributors of primary batteries, portable lights, and auto care appearance, performance, refrigerant, and fragrance products. Our portfolio of globally recognized brands include Energizer, Armor All, Eveready, Rayovac, STP, Varta, A/C Pro, Refresh Your Car! , California Scents, Driven, Bahama & Co. , LEXOL, Eagle One, Nu Finish, Scratch Doctor, and Tuff Stuff. As a global branded consumer products company, Energizer's mission is to lead the charge to deliver value to our customers and consumers better than anyone else. Forward-Looking Statements Certain information contained in this news release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future results or performance and involve certain risks, uncertainties and assumptions difficult to predict or beyond our control. You should not place undue reliance on any forward-looking statement and should consider the uncertainties and risks discussed in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "Commission") on November 17, 2020 and subsequent Commission filings. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made. SOURCE Energizer Holdings, Inc. Related Links www.energizer.com
Answer:
|
Energizer Holdings, Inc. Announces Satisfaction of the Conditions Precedent to the Full Redemption of, and Calculation of Redemption Price for, its Outstanding 7.750% Senior Notes due 2027
|
ST. LOUIS, Jan. 7, 2021 /PRNewswire/ --Energizer Holdings, Inc. (NYSE: ENR) (the "Company") today notified the trustee for the Company's 7.750% Senior Notes due 2027 (the "Notes") that the conditions to the previously announced conditional redemption in full of the $600,000,000 aggregate principal amount outstanding of the Notes have been satisfied. The Company also announced today the redemption price for the redemption of the Notes. The Notes will be redeemed in full on January 8, 2021 (the "Redemption Date"), and the redemption price for the Notes will be $1,110.964735 per $1,000 principal amount of the Notes, plus accrued and unpaid interest to but excluding the Redemption Date of $37.24305555 per $1,000 principal amount of the Notes, for a total amount payable on the Redemption Date of $1,148.20779055 per $1,000 principal amount of the Notes, all as calculated in accordance with the terms of the Notes and the indenture governing the Notes. About Energizer Holdings, Inc. Energizer Holdings, Inc. (NYSE: ENR), headquartered in St. Louis, Missouri, is one of the world's largest manufacturers and distributors of primary batteries, portable lights, and auto care appearance, performance, refrigerant, and fragrance products. Our portfolio of globally recognized brands include Energizer, Armor All, Eveready, Rayovac, STP, Varta, A/C Pro, Refresh Your Car! , California Scents, Driven, Bahama & Co. , LEXOL, Eagle One, Nu Finish, Scratch Doctor, and Tuff Stuff. As a global branded consumer products company, Energizer's mission is to lead the charge to deliver value to our customers and consumers better than anyone else. Forward-Looking Statements Certain information contained in this news release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future results or performance and involve certain risks, uncertainties and assumptions difficult to predict or beyond our control. You should not place undue reliance on any forward-looking statement and should consider the uncertainties and risks discussed in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "Commission") on November 17, 2020 and subsequent Commission filings. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made. SOURCE Energizer Holdings, Inc. Related Links www.energizer.com
|
edtsum5467
|
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: CLEARWATER, Fla., Dec. 15, 2020 /PRNewswire/ --20 years ago, there was a robust and flourishing small public company marketplace. Job creation, wealth creation, and technological advancement was empowered by access to liquid capital markets from an early stage of company development.Due to the advent of electronic trading, investment decisions have become increasingly mechanical and have neglected the small business. This has created a drastic decline in small public companies that were once the backbone of innovation, advancement, and economic prosperity in our nation. Continue Reading Dream Exchange Founder & CEO Joe Cecala Dream Exchangeresearch of the small public company marketplace is widely recognized and published in the Oxford University'sHandbook on IPOs. This research correctly identified the characteristics of small public companies and the path they took to the public markets. Find out about this new industry in the making in Dream Exchange'slive webinartoday,15 December at 3pm EST, with Founder and CEO Joe Cecala.Mr. Cecala said, "The advancement of solutions that help us to survive as a species has changed in the last 120 years like no time in human history, and it was bought and paid for in the US capital markets."Contacts JaneHayton Dream Exchange(312) 465-7912 [emailprotected]SOURCE Dream Exchange
Answer:
|
A New Industry in the Making for the Small Public Company Marketplace
|
CLEARWATER, Fla., Dec. 15, 2020 /PRNewswire/ --20 years ago, there was a robust and flourishing small public company marketplace. Job creation, wealth creation, and technological advancement was empowered by access to liquid capital markets from an early stage of company development.Due to the advent of electronic trading, investment decisions have become increasingly mechanical and have neglected the small business. This has created a drastic decline in small public companies that were once the backbone of innovation, advancement, and economic prosperity in our nation. Continue Reading Dream Exchange Founder & CEO Joe Cecala Dream Exchangeresearch of the small public company marketplace is widely recognized and published in the Oxford University'sHandbook on IPOs. This research correctly identified the characteristics of small public companies and the path they took to the public markets. Find out about this new industry in the making in Dream Exchange'slive webinartoday,15 December at 3pm EST, with Founder and CEO Joe Cecala.Mr. Cecala said, "The advancement of solutions that help us to survive as a species has changed in the last 120 years like no time in human history, and it was bought and paid for in the US capital markets."Contacts JaneHayton Dream Exchange(312) 465-7912 [emailprotected]SOURCE Dream Exchange
|
edtsum5469
|
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 DIEGO, Feb. 3, 2021 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced the Company's financial results for its first quarter of fiscal 2021 through an earnings release that is available on the Qualcomm Investor Relations website at http://investor.qualcomm.com/results.cfm. The earnings release will be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at http://www.sec.gov. As previously announced, Qualcomm will host a conference call to discuss its fiscal first quarter results which will be broadcast live on February 3, 2021, beginning at 1:45 p.m. Pacific Time (PT) at http://investor.qualcomm.com/events.cfm. An audio replay will be available at http://investor.qualcomm.com/events.cfm and via telephone following the live call for 30 days thereafter. To listen to the replay via telephone, U.S. callers may dial (877) 660-6853 and international callers may dial (201) 612-7415. Callers should use reservation number 13714808. About Qualcomm Qualcomm is the world's leading wireless technology innovator and the driving force behind the development, launch and expansion of 5G. When we connected the phone to the internet, the mobile revolution was born. Today, our foundational technologies enable the mobile ecosystem and are found in every 3G, 4G and 5G smartphone. We bring the benefits of mobile to new industries, including automotive, the internet of things and computing, and are leading the way to a world where everything and everyone can communicate and interact seamlessly. Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business. For more information, visit www.qualcomm.com. Qualcomm Contact:Mauricio Lopez-Hodoyan, Investor RelationsPhone: 1-858-658-4813Email: [emailprotected] SOURCE Qualcomm Incorporated Related Links https://www.qualcomm.com
Answer:
|
Qualcomm Earnings Release Available on Company's Investor Relations Website
|
SAN DIEGO, Feb. 3, 2021 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced the Company's financial results for its first quarter of fiscal 2021 through an earnings release that is available on the Qualcomm Investor Relations website at http://investor.qualcomm.com/results.cfm. The earnings release will be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at http://www.sec.gov. As previously announced, Qualcomm will host a conference call to discuss its fiscal first quarter results which will be broadcast live on February 3, 2021, beginning at 1:45 p.m. Pacific Time (PT) at http://investor.qualcomm.com/events.cfm. An audio replay will be available at http://investor.qualcomm.com/events.cfm and via telephone following the live call for 30 days thereafter. To listen to the replay via telephone, U.S. callers may dial (877) 660-6853 and international callers may dial (201) 612-7415. Callers should use reservation number 13714808. About Qualcomm Qualcomm is the world's leading wireless technology innovator and the driving force behind the development, launch and expansion of 5G. When we connected the phone to the internet, the mobile revolution was born. Today, our foundational technologies enable the mobile ecosystem and are found in every 3G, 4G and 5G smartphone. We bring the benefits of mobile to new industries, including automotive, the internet of things and computing, and are leading the way to a world where everything and everyone can communicate and interact seamlessly. Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business. For more information, visit www.qualcomm.com. Qualcomm Contact:Mauricio Lopez-Hodoyan, Investor RelationsPhone: 1-858-658-4813Email: [emailprotected] SOURCE Qualcomm Incorporated Related Links https://www.qualcomm.com
|
edtsum5476
|
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)--NanoString Technologies, Inc. (NASDAQ:NSTG), a leading provider of life science tools for discovery and translational research, today announced the development of a spatial molecular imaging platform, a next generation solution for multiplexed analysis of RNA and protein expression for individual cells within a tissue sample. The spatial molecular imager combines the power of high-plex profiling with high-resolution imaging to enable the analysis of hundreds to thousands of RNAs or proteins directly from single cells within morphologically intact tissue samples. The platform utilizes the companys advanced Hyb & Seq chemistry, which over the last 18 months has been optimized for in situ spatial analysis. The platform is capable of profiling RNA and protein within a single cell down to sub-cellular resolution in multiple tissue types. To date, prototype systems have imaged RNA from as many as 1,000+ genes simultaneously across thousands of individual cells in Formalin-Fixed Paraffin Embedded (FFPE) tissue. Tissue biology takes place on several spatial scales including multi-cellular, single cell and the sub-cellular levels. The GeoMx Digital Spatial Profiler (DSP) enables multi-cellular analysis at the whole transcriptome level to elucidate the behavior of populations of cells, such as those within a tumor or the tumor microenvironment. NanoString is developing the spatial molecular imager to address the unmet need for high-plex spatial analysis of single cells and sub-cellular resolution, ideally suited for targeted applications, such as creating cell atlases or studying cell-cell interactions. The GeoMx DSP and the spatial molecular imager are highly synergistic, creating a spatial biology portfolio that spans the continuum from targeted to whole transcriptome analysis, and from multicellular resolutions down to single cell and sub cellular applications. Spatial imagers measuring RNA and protein in situ at single-cell and sub-cell resolution are expected to emerge as an important product category over the next several years, said Brad Gray, president and CEO. Our spatial molecular imaging platform can profile RNA and protein in FFPE with category-leading plex as well as high sensitivity and high resolution. Together, our GeoMx DSP and spatial imager form the leading spatial biology portfolio, spanning from discovery and translational research to clinical diagnostics. Researchers and clinicians have gained tremendous insights from the revolution in single cell biology in recent years, but the cellular context was always lost, said Christopher Mason, Ph.D., a geneticist who recently published research using GeoMx. Now, biological discoveries can be elucidated from high-plex, multi-omic spatial imaging, revealing the key spatial interactions within and between normal or diseased tissues (e.g. COVID-19, cancer) and how these cells communicate and mediate phenotypes, change over time, and respond to therapies. Spatial molecular imaging opens up new possibilities to understand the diversity of T-cells infiltrating a tumor at the single cell level without dissociating tissue. Our work under the Technology Access Program has produced results on the location of different T-cell subsets and their interaction with tumors and could reveal which T-cell subsets are most important for controlling tumors, said Evan Newell, Ph.D., Associate Professor, Vaccine and Infectious Disease Division, the Fred Hutchinson Cancer Research Center. The company plans to provide researchers access to the prototype versions of spatial molecular imaging platform through a Technology Access Program (TAP) beginning in 2021. Under the program, a TAP customer can submit tissue samples to NanoString to be analyzed using the spatial molecular imager and resulting data analysis reported back to the customer by NanoString. Full commercial launch of the spatial imaging solution consisting of instruments, consumables, and software is expected in the second half of 2022. The Hyb & Seq chemistry was originally developed as part of a hybridization-based sequencing program. The company formed a strategic collaboration with Lam Research, under which Lam Research provided $50 million in funding and access to their industry-leading semi-conductor technology. This collaboration resulted in a robust and scalable chemistry that can be applied to a wide range of applications. The company is hosting an Investor and Analyst Day webcast at 11:30am ET on Tuesday, December 1st, and will highlight the development program and new capabilities of the platform. Interested parties can access the webcast through the company's website at https://investors.nanostring.com/events-webcasts. The webcast will be available on the company site for 90 days. Researchers interested in participating in NanoStrings Technology Access Program should contact us at [email protected]. To learn more about NanoStrings GeoMx Digital Spatial Profiler, please visit https://www.nanostring.com/products/geomx-digital-spatial-profiler/geomx-dsp. About NanoString Technologies, Inc. NanoString Technologies is a leading provider of life science tools for discovery and translational research. The companys nCounter Analysis System is used in life sciences research and has been cited in approximately 3,800 peer-reviewed publications. The nCounter Analysis System offers a cost-effective way to easily profile the expression of hundreds of genes, proteins, miRNAs, or copy number variations, simultaneously with high sensitivity and precision, facilitating a wide variety of basic research and translational medicine applications, including biomarker discovery and validation. The companys GeoMx Digital Spatial Profiler enables highly-multiplexed spatial profiling of RNA and protein targets in a variety of sample types, including FFPE tissue sections. For more information, please visit www.nanostring.com. NanoString, NanoString Technologies, the NanoString logo, GeoMx, and nCounter are trademarks or registered trademarks of NanoString Technologies, Inc. in various jurisdictions.
Answer:
|
NanoString Unveils Spatial Molecular Imaging Platform, Complementing GeoMx DSP to Provide Compelling Product Roadmap for Spatial Biology Molecular Imaging Platform Leverages Hyb & Seq Chemistry to Spatially Profile Expression of 1,000+ Genes at Single Cell and Sub-Cell Resolution Across Tissue Samples Available in Technology Access Program in H1-2021 with Commercial Instrument Launch Expected in H2-2022 Details to be Shared During Investor and Analyst Day on Tuesday, December 1st
|
SEATTLE--(BUSINESS WIRE)--NanoString Technologies, Inc. (NASDAQ:NSTG), a leading provider of life science tools for discovery and translational research, today announced the development of a spatial molecular imaging platform, a next generation solution for multiplexed analysis of RNA and protein expression for individual cells within a tissue sample. The spatial molecular imager combines the power of high-plex profiling with high-resolution imaging to enable the analysis of hundreds to thousands of RNAs or proteins directly from single cells within morphologically intact tissue samples. The platform utilizes the companys advanced Hyb & Seq chemistry, which over the last 18 months has been optimized for in situ spatial analysis. The platform is capable of profiling RNA and protein within a single cell down to sub-cellular resolution in multiple tissue types. To date, prototype systems have imaged RNA from as many as 1,000+ genes simultaneously across thousands of individual cells in Formalin-Fixed Paraffin Embedded (FFPE) tissue. Tissue biology takes place on several spatial scales including multi-cellular, single cell and the sub-cellular levels. The GeoMx Digital Spatial Profiler (DSP) enables multi-cellular analysis at the whole transcriptome level to elucidate the behavior of populations of cells, such as those within a tumor or the tumor microenvironment. NanoString is developing the spatial molecular imager to address the unmet need for high-plex spatial analysis of single cells and sub-cellular resolution, ideally suited for targeted applications, such as creating cell atlases or studying cell-cell interactions. The GeoMx DSP and the spatial molecular imager are highly synergistic, creating a spatial biology portfolio that spans the continuum from targeted to whole transcriptome analysis, and from multicellular resolutions down to single cell and sub cellular applications. Spatial imagers measuring RNA and protein in situ at single-cell and sub-cell resolution are expected to emerge as an important product category over the next several years, said Brad Gray, president and CEO. Our spatial molecular imaging platform can profile RNA and protein in FFPE with category-leading plex as well as high sensitivity and high resolution. Together, our GeoMx DSP and spatial imager form the leading spatial biology portfolio, spanning from discovery and translational research to clinical diagnostics. Researchers and clinicians have gained tremendous insights from the revolution in single cell biology in recent years, but the cellular context was always lost, said Christopher Mason, Ph.D., a geneticist who recently published research using GeoMx. Now, biological discoveries can be elucidated from high-plex, multi-omic spatial imaging, revealing the key spatial interactions within and between normal or diseased tissues (e.g. COVID-19, cancer) and how these cells communicate and mediate phenotypes, change over time, and respond to therapies. Spatial molecular imaging opens up new possibilities to understand the diversity of T-cells infiltrating a tumor at the single cell level without dissociating tissue. Our work under the Technology Access Program has produced results on the location of different T-cell subsets and their interaction with tumors and could reveal which T-cell subsets are most important for controlling tumors, said Evan Newell, Ph.D., Associate Professor, Vaccine and Infectious Disease Division, the Fred Hutchinson Cancer Research Center. The company plans to provide researchers access to the prototype versions of spatial molecular imaging platform through a Technology Access Program (TAP) beginning in 2021. Under the program, a TAP customer can submit tissue samples to NanoString to be analyzed using the spatial molecular imager and resulting data analysis reported back to the customer by NanoString. Full commercial launch of the spatial imaging solution consisting of instruments, consumables, and software is expected in the second half of 2022. The Hyb & Seq chemistry was originally developed as part of a hybridization-based sequencing program. The company formed a strategic collaboration with Lam Research, under which Lam Research provided $50 million in funding and access to their industry-leading semi-conductor technology. This collaboration resulted in a robust and scalable chemistry that can be applied to a wide range of applications. The company is hosting an Investor and Analyst Day webcast at 11:30am ET on Tuesday, December 1st, and will highlight the development program and new capabilities of the platform. Interested parties can access the webcast through the company's website at https://investors.nanostring.com/events-webcasts. The webcast will be available on the company site for 90 days. Researchers interested in participating in NanoStrings Technology Access Program should contact us at [email protected]. To learn more about NanoStrings GeoMx Digital Spatial Profiler, please visit https://www.nanostring.com/products/geomx-digital-spatial-profiler/geomx-dsp. About NanoString Technologies, Inc. NanoString Technologies is a leading provider of life science tools for discovery and translational research. The companys nCounter Analysis System is used in life sciences research and has been cited in approximately 3,800 peer-reviewed publications. The nCounter Analysis System offers a cost-effective way to easily profile the expression of hundreds of genes, proteins, miRNAs, or copy number variations, simultaneously with high sensitivity and precision, facilitating a wide variety of basic research and translational medicine applications, including biomarker discovery and validation. The companys GeoMx Digital Spatial Profiler enables highly-multiplexed spatial profiling of RNA and protein targets in a variety of sample types, including FFPE tissue sections. For more information, please visit www.nanostring.com. NanoString, NanoString Technologies, the NanoString logo, GeoMx, and nCounter are trademarks or registered trademarks of NanoString Technologies, Inc. in various jurisdictions.
|
edtsum5477
|
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: DETROIT, April 22, 2021 /PRNewswire/ --Eric R. Benson has joined McDonald Hopkins LLC as an associate in the Litigation Department, adding his experience to the firm's national Data Privacy and Cybersecurity Practice Group. Benson's practice focuses on advising companies in a wide variety of industries on addressing data privacy and cybersecurity incidents. This includes advising on breach response obligations, including compliance and notification to individuals and government regulators as required under state and federal breach notification laws, including HIPAA, GLBA and GDPR. Benson also represents clients in state and federal investigations that arise from data privacy incidents and provides guidance on crisis communications and management issues. He also has experience interpreting the results of forensic investigations of cybersecurity incidents, drafting and revising policies for clients (including HIPAA Risk Management Plans and Written Information Security Programs, analyzing IT managed service providers contracts, and drafting breach notification letters in compliance with applicable privacy laws. Benson earned his J.D. from the University of Maine School of Law. He completed a B.A. in politics at New York University. He is admitted to practice law in New York and Massachusetts only. Benson can be reached at 248.593.2957 and [emailprotected]. About McDonald HopkinsFounded in 1930, McDonald Hopkins is a business advisory and advocacy law firm with locations in Chicago, Cleveland, Columbus, Detroit, and West Palm Beach. With more than 50 service and industry teams, the firm has the expertise and knowledge to meet the growing number of legal and business challenges our clients face. For more information about McDonald Hopkins, visit mcdonaldhopkins.com. CONTACT: David Carducci McDonald Hopkins LLC 600 Superior Avenue, East, Suite 2100 Cleveland, Ohio 44114 Phone: 216.348.5814 Email: [emailprotected] SOURCE McDonald Hopkins Related Links http://www.mcdonaldhopkins.com
Answer:
|
McDonald Hopkins welcomes Eric R. Benson to Litigation Department and Data Privacy and Cybersecurity Team
|
DETROIT, April 22, 2021 /PRNewswire/ --Eric R. Benson has joined McDonald Hopkins LLC as an associate in the Litigation Department, adding his experience to the firm's national Data Privacy and Cybersecurity Practice Group. Benson's practice focuses on advising companies in a wide variety of industries on addressing data privacy and cybersecurity incidents. This includes advising on breach response obligations, including compliance and notification to individuals and government regulators as required under state and federal breach notification laws, including HIPAA, GLBA and GDPR. Benson also represents clients in state and federal investigations that arise from data privacy incidents and provides guidance on crisis communications and management issues. He also has experience interpreting the results of forensic investigations of cybersecurity incidents, drafting and revising policies for clients (including HIPAA Risk Management Plans and Written Information Security Programs, analyzing IT managed service providers contracts, and drafting breach notification letters in compliance with applicable privacy laws. Benson earned his J.D. from the University of Maine School of Law. He completed a B.A. in politics at New York University. He is admitted to practice law in New York and Massachusetts only. Benson can be reached at 248.593.2957 and [emailprotected]. About McDonald HopkinsFounded in 1930, McDonald Hopkins is a business advisory and advocacy law firm with locations in Chicago, Cleveland, Columbus, Detroit, and West Palm Beach. With more than 50 service and industry teams, the firm has the expertise and knowledge to meet the growing number of legal and business challenges our clients face. For more information about McDonald Hopkins, visit mcdonaldhopkins.com. CONTACT: David Carducci McDonald Hopkins LLC 600 Superior Avenue, East, Suite 2100 Cleveland, Ohio 44114 Phone: 216.348.5814 Email: [emailprotected] SOURCE McDonald Hopkins Related Links http://www.mcdonaldhopkins.com
|
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.