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edtsum6973
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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: CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--PPB Capital Partners, LLC ("PPB or the Firm"), a provider of alternative investment solutions and streamlined processing for wealth advisors, was named by the Philadelphia Business Journal as one of Greater Philadelphias Soaring 76. The annual ranking of the fastest growing businesses in the area highlighted PPB as #26 on the list. The rankings are based on the average percent change in revenue from 2017 to 2018 and from 2018 to 2019. To be considered, companies must be independently owned, headquartered in the Greater Philadelphia area, and have demonstrated revenue growth over the three-year period ended in 2019. PPB is honored to be included in this years list, said Brendan W. Lake, Founder, President and CEO. I am thankful to our team, our partners, and the wealth advisory community for believing in our vision and allowing us to help add value to their clients portfolios. Launched in 2008 at the beginning of the Global Financial Crisis, PPB understands what it means to be tested during times of stress and the importance of building a business model that can stand the test of time. One constant has been the Firms commitment to providing the highest level of service to our wealth advisory partners. PPBs service-centered model is the cornerstone of the Firms culture. "We look forward to many more years of growth and appreciate the recognition and support of the wealth advisor community and our hometown Philadelphia. About PPB Capital Partners Launched in 2008, PPB Capital Partners, LLC (or PPB or the Firm) brings premiere alternative investment solutions and streamlined processing to the wealth advisor community. PPB Capital Partners provides a roster of alternative investment managers, as well as builds and operates feeder funds and customized fund of funds for wealth advisory firms. Important Disclosures This document or any part thereof may not be reproduced, distributed or in any way represented without the express written consent of PPB Capital Partners, LLC. This document is not to be distributed to the general public. A copy of PPB Capital Partners, LLCs written disclosure statement as set forth on Form ADV is available upon request. Although the information provided in this questionnaire has been obtained from sources which PPB Capital Partners, LLC believes to be reliable, it does not guarantee the accuracy of such information and such information may be incomplete or condensed. PPB Advisors, LLC is an affiliate of PPB Capital Partners, LLC by virtue of common control or ownership.
Answer:
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PPB Capital Partners Named as One of Greater Philadelphias Fastest Growing Businesses Philadelphia Business Journal Releases Annual Soaring 76
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CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--PPB Capital Partners, LLC ("PPB or the Firm"), a provider of alternative investment solutions and streamlined processing for wealth advisors, was named by the Philadelphia Business Journal as one of Greater Philadelphias Soaring 76. The annual ranking of the fastest growing businesses in the area highlighted PPB as #26 on the list. The rankings are based on the average percent change in revenue from 2017 to 2018 and from 2018 to 2019. To be considered, companies must be independently owned, headquartered in the Greater Philadelphia area, and have demonstrated revenue growth over the three-year period ended in 2019. PPB is honored to be included in this years list, said Brendan W. Lake, Founder, President and CEO. I am thankful to our team, our partners, and the wealth advisory community for believing in our vision and allowing us to help add value to their clients portfolios. Launched in 2008 at the beginning of the Global Financial Crisis, PPB understands what it means to be tested during times of stress and the importance of building a business model that can stand the test of time. One constant has been the Firms commitment to providing the highest level of service to our wealth advisory partners. PPBs service-centered model is the cornerstone of the Firms culture. "We look forward to many more years of growth and appreciate the recognition and support of the wealth advisor community and our hometown Philadelphia. About PPB Capital Partners Launched in 2008, PPB Capital Partners, LLC (or PPB or the Firm) brings premiere alternative investment solutions and streamlined processing to the wealth advisor community. PPB Capital Partners provides a roster of alternative investment managers, as well as builds and operates feeder funds and customized fund of funds for wealth advisory firms. Important Disclosures This document or any part thereof may not be reproduced, distributed or in any way represented without the express written consent of PPB Capital Partners, LLC. This document is not to be distributed to the general public. A copy of PPB Capital Partners, LLCs written disclosure statement as set forth on Form ADV is available upon request. Although the information provided in this questionnaire has been obtained from sources which PPB Capital Partners, LLC believes to be reliable, it does not guarantee the accuracy of such information and such information may be incomplete or condensed. PPB Advisors, LLC is an affiliate of PPB Capital Partners, LLC by virtue of common control or ownership.
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edtsum6976
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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)--Technavio has been monitoring the professional haircare products market and it is poised to grow by USD 4.63 bn during 2020-2024, progressing at a CAGR of 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Coty Inc., Henkel AG & Co. KGaA, Kao Corp., KOS Corp., L'Oral SA, Natura & Co., Shiseido Co. Ltd., The Este Lauder Companies Inc., The Procter & Gamble Co., and Unilever Group are some of the major market participants. The expansion of the spa market will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Expansion of the spa market has been instrumental in driving the growth of the market. Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Professional Haircare Products Market 2020-2024: Segmentation Professional Haircare Products Market is segmented as below: To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41132 Professional Haircare Products Market 2020-2024: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The professional haircare products market report covers the following areas: This study identifies the common issues such as dandruff, damaged hair due to sun exposure, and damaged scalp as the prime reasons driving the professional haircare products market growth during the next few years. 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 Professional Haircare Products Market 2020-2024: Key Highlights Table of Contents: Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by Product Market Segmentation by Distribution channel Market Segmentation by Type Customer landscape Drivers, Challenges, and Trends Vendor Landscape Vendor Analysis Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Answer:
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Professional Haircare Products Market Analysis Highlights the Impact of COVID-19 (2020-2024)| Expansion Of The Spa Market to boost the Market Growth | Technavio
|
LONDON--(BUSINESS WIRE)--Technavio has been monitoring the professional haircare products market and it is poised to grow by USD 4.63 bn during 2020-2024, progressing at a CAGR of 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Coty Inc., Henkel AG & Co. KGaA, Kao Corp., KOS Corp., L'Oral SA, Natura & Co., Shiseido Co. Ltd., The Este Lauder Companies Inc., The Procter & Gamble Co., and Unilever Group are some of the major market participants. The expansion of the spa market will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Expansion of the spa market has been instrumental in driving the growth of the market. Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Professional Haircare Products Market 2020-2024: Segmentation Professional Haircare Products Market is segmented as below: To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41132 Professional Haircare Products Market 2020-2024: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The professional haircare products market report covers the following areas: This study identifies the common issues such as dandruff, damaged hair due to sun exposure, and damaged scalp as the prime reasons driving the professional haircare products market growth during the next few years. 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 Professional Haircare Products Market 2020-2024: Key Highlights Table of Contents: Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by Product Market Segmentation by Distribution channel Market Segmentation by Type Customer landscape Drivers, Challenges, and Trends Vendor Landscape Vendor Analysis Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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edtsum6978
|
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)--Today, BAE Systems Applied Intelligence announced a new offering created on Amazon Web Services (AWS) to deliver complete anti-money laundering regulatory compliance solutions. The solution is supported by the availability, reliability and security of AWS and offers banks and financial institutions the opportunity to quickly stand up an affordable integrated financial crime regulatory compliance solution. Through this implementation, BAE Systems will provide customers with advisory services, as well as implementation, migration, and management of regulatory and compliance solutions on AWS. By building on AWS, BAE Systems Applied Intelligence offers a flexible commercial model with no upfront costs minimising an organisations capital expenditure and maximising ROI. Customers will connect quickly with standard regulatory compliance data interfaces, designed specifically for their industry and territory, significantly reducing the effort of internal IT teams with standard data interfaces and full service management. Once deployed, service levels include hardware and software availability, security patches, support responsiveness, system upgrades, support and maintenance. Last month, BAE Systems Applied Intelligence announced NetReveal 360, a complete regulatory compliance solution, packaged to operationalise quickly. Out of the box, customers receive a specifically designed service for the organisation, which includes end-to-end solutions for Customer Due Diligence (CDD), Anti Money Laundering (AML), and Watchlist Management (WLM). Provisioning, management, and support of both the business solutions and underlying AWS infrastructure is completed by BAE Systems Applied Intelligence to provide customers with a single point of contact and with clear responsibility. Financial institutions want to focus on delivering outstanding services and experiences to customers and growing their organisations, but at the same time they need to ensure they adhere to the latest regulations and avoid regulatory fines. In smaller organisations, the challenge is balancing these two things navigating changing regulations while making the best use of investigative teams in tackling financial crime. If you are a smaller or emerging financial institution, NetReveal 360 offers an affordable and rapid go-live - for the key elements of fighting financial crime. Larger banks which are looking to deploy standard set ups quickly can enjoy the same benefits that would be gained by smaller banks With over 20+ years experience in financial crime regulatory compliance, BAE Systems Applied Intelligence has a deep understanding of what organisations require to fully comply with applicable anti-money laundering regulations. At the same time, we understand the challenges financial organisations face in managing a regulatory compliance solution specifically the need to stand up an affordable integrated financial crime regulatory compliance solution quickly, efficiently and cost-effectively. Garry Harrison, Managing Director of Financial Services at BAE Systems Applied Intelligence said, The importance of cloud has never been greater as we continue to outmaneuver the uncertainty caused by the global pandemic; living with increasing levels of financial crime and cyber breaches. Cloud technology is vital to helping companies unlock greater efficiency, elasticity and innovation, and drive enduring business change at speed and scale. We are easing the burden of all financial institutions, both large and small, to become and remain compliant against increasing complex regulatory requirements. We chose to build on AWS because of their deep technical expertise and global scale. With a strengthened collaboration with AWS, we further enhance our position as a leader in financial services. Learn more here about how BAE Systems Applied Intelligence accelerates compliance for our customers. About BAE Systems Applied Intelligence: At BAE Systems Applied Intelligence, we help nations, governments and businesses around the world defend themselves against cybercrime, reduce their risk in the connected world, comply with regulation, and transform their operations. For more information regarding our compliance, fraud detection and prevention solutions, visit https://www.baesystems.com/financialservices/
Answer:
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BAE Systems Financial Compliance Solutions Built on AWS Cloud
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LONDON--(BUSINESS WIRE)--Today, BAE Systems Applied Intelligence announced a new offering created on Amazon Web Services (AWS) to deliver complete anti-money laundering regulatory compliance solutions. The solution is supported by the availability, reliability and security of AWS and offers banks and financial institutions the opportunity to quickly stand up an affordable integrated financial crime regulatory compliance solution. Through this implementation, BAE Systems will provide customers with advisory services, as well as implementation, migration, and management of regulatory and compliance solutions on AWS. By building on AWS, BAE Systems Applied Intelligence offers a flexible commercial model with no upfront costs minimising an organisations capital expenditure and maximising ROI. Customers will connect quickly with standard regulatory compliance data interfaces, designed specifically for their industry and territory, significantly reducing the effort of internal IT teams with standard data interfaces and full service management. Once deployed, service levels include hardware and software availability, security patches, support responsiveness, system upgrades, support and maintenance. Last month, BAE Systems Applied Intelligence announced NetReveal 360, a complete regulatory compliance solution, packaged to operationalise quickly. Out of the box, customers receive a specifically designed service for the organisation, which includes end-to-end solutions for Customer Due Diligence (CDD), Anti Money Laundering (AML), and Watchlist Management (WLM). Provisioning, management, and support of both the business solutions and underlying AWS infrastructure is completed by BAE Systems Applied Intelligence to provide customers with a single point of contact and with clear responsibility. Financial institutions want to focus on delivering outstanding services and experiences to customers and growing their organisations, but at the same time they need to ensure they adhere to the latest regulations and avoid regulatory fines. In smaller organisations, the challenge is balancing these two things navigating changing regulations while making the best use of investigative teams in tackling financial crime. If you are a smaller or emerging financial institution, NetReveal 360 offers an affordable and rapid go-live - for the key elements of fighting financial crime. Larger banks which are looking to deploy standard set ups quickly can enjoy the same benefits that would be gained by smaller banks With over 20+ years experience in financial crime regulatory compliance, BAE Systems Applied Intelligence has a deep understanding of what organisations require to fully comply with applicable anti-money laundering regulations. At the same time, we understand the challenges financial organisations face in managing a regulatory compliance solution specifically the need to stand up an affordable integrated financial crime regulatory compliance solution quickly, efficiently and cost-effectively. Garry Harrison, Managing Director of Financial Services at BAE Systems Applied Intelligence said, The importance of cloud has never been greater as we continue to outmaneuver the uncertainty caused by the global pandemic; living with increasing levels of financial crime and cyber breaches. Cloud technology is vital to helping companies unlock greater efficiency, elasticity and innovation, and drive enduring business change at speed and scale. We are easing the burden of all financial institutions, both large and small, to become and remain compliant against increasing complex regulatory requirements. We chose to build on AWS because of their deep technical expertise and global scale. With a strengthened collaboration with AWS, we further enhance our position as a leader in financial services. Learn more here about how BAE Systems Applied Intelligence accelerates compliance for our customers. About BAE Systems Applied Intelligence: At BAE Systems Applied Intelligence, we help nations, governments and businesses around the world defend themselves against cybercrime, reduce their risk in the connected world, comply with regulation, and transform their operations. For more information regarding our compliance, fraud detection and prevention solutions, visit https://www.baesystems.com/financialservices/
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edtsum6984
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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, May 27, 2020 /PRNewswire/ -- Outcome Health today announced the OH Virtual Waiting Room, ushering the Point of Care sector into telemedicine with an empathetic, unique patient experience whenever and wherever patients are meeting with their physicians. The OH Virtual Waiting Room platform and original content will allow Outcome Health to serve every touchpoint of the patient-physician relationship including remote video consultations, as well as the usual in-person waiting room, exam rooms and infusion rooms. Outcome Health is a healthcare innovation company reinventing Point of Care (POC) to facilitate better outcomes for patients, their loved ones, and healthcare professionals. Spurred byaccelerated use of telemedicine solutions since the outbreak ofCOVID-19 and leaning into the Moments of Care strategy the company launched in 2019, Outcome Health is meeting the needs of physician practices and their patients by offering additional choices through personal and remote devices. A recent survey indicates that 89 percent of physicians are now using and will continue to use telehealth services to treat patients versus 17 percent before the pandemic. (Source: MedData Group, an IQVIA Business). "The growing adoption of telemedicine over the past few months means the Point of Care space is shifting beyond the physical four walls of a physician's office - it's also your living room, your car, your computer screen, and your phone screen," said Matt McNally, Chief Executive Officer of Outcome Health. "In many ways, healthcare is more personal and more about choice than ever." The OH Virtual Waiting Room is being made available to select Outcome Health providers who use telemedicine solutions. Although other virtual care platforms do not offer patient-friendly content often a blank screen with "please wait" during hold time the OH Virtual Waiting Room engages patients with a content stream tailored to a provider's specialty. This curated experience aims to reduce a patient's perceived wait time and keep appointment abandonment low an intermittent problem that occurs with some telemedicine solutions. "While Outcome Health remains present in doctor's offices nationwide where we've always been, since telemedicine is here to stay, we have sped up our timetable and will begin rolling out the OH Virtual Waiting Roomto continue serving the patient-physician relationship," explained Nandini Ramani, Chief Operating Officer of Outcome Health. OH Virtual Waiting Room launches with its first health network this month providing relevant educational and support content that is very similar to what patients would see in the physician's office on the Outcome Health Waiting Room TV. The first OH Virtual Waiting Room features personalized content for a dermatologist specialty practice, addressing skin conditions, diseases, and care while proactively answering specialty-specific "frequently asked questions" to save time during the consultation. All content presently in the OH Virtual Waiting Room is created and wholly owned by Outcome Health. As more telemedicine solutions become compatible with video content delivery systems, the company expects that its OH Virtual Waiting Room video streams will integrate content from nonprofits and health advocacy groups and sponsored content from pharma partners. About Outcome HealthOutcome Health is a healthcare innovation company reinventing the point of care to facilitate better outcomes for patients, their loved ones and healthcare professionals. Through partnerships with nonprofit organizations, health advocacy groups, leading content creators and brand sponsors, Outcome Health makes critical moments more impactful by bringing educational content into the physician's office. Our BPA-certified digital network spans waiting, exam and infusion rooms across the country, serving relevant content when it's most needed. Outcome Health Media Contact Ivy CohenIvy Cohen Corporate Communications212-399-0026[emailprotected] SOURCE Outcome Health Related Links http://www.outcomehealth.com
Answer:
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Outcome Health Announces OH Virtual Waiting Room New Strategy Offers Choices at Moments of Care
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CHICAGO, May 27, 2020 /PRNewswire/ -- Outcome Health today announced the OH Virtual Waiting Room, ushering the Point of Care sector into telemedicine with an empathetic, unique patient experience whenever and wherever patients are meeting with their physicians. The OH Virtual Waiting Room platform and original content will allow Outcome Health to serve every touchpoint of the patient-physician relationship including remote video consultations, as well as the usual in-person waiting room, exam rooms and infusion rooms. Outcome Health is a healthcare innovation company reinventing Point of Care (POC) to facilitate better outcomes for patients, their loved ones, and healthcare professionals. Spurred byaccelerated use of telemedicine solutions since the outbreak ofCOVID-19 and leaning into the Moments of Care strategy the company launched in 2019, Outcome Health is meeting the needs of physician practices and their patients by offering additional choices through personal and remote devices. A recent survey indicates that 89 percent of physicians are now using and will continue to use telehealth services to treat patients versus 17 percent before the pandemic. (Source: MedData Group, an IQVIA Business). "The growing adoption of telemedicine over the past few months means the Point of Care space is shifting beyond the physical four walls of a physician's office - it's also your living room, your car, your computer screen, and your phone screen," said Matt McNally, Chief Executive Officer of Outcome Health. "In many ways, healthcare is more personal and more about choice than ever." The OH Virtual Waiting Room is being made available to select Outcome Health providers who use telemedicine solutions. Although other virtual care platforms do not offer patient-friendly content often a blank screen with "please wait" during hold time the OH Virtual Waiting Room engages patients with a content stream tailored to a provider's specialty. This curated experience aims to reduce a patient's perceived wait time and keep appointment abandonment low an intermittent problem that occurs with some telemedicine solutions. "While Outcome Health remains present in doctor's offices nationwide where we've always been, since telemedicine is here to stay, we have sped up our timetable and will begin rolling out the OH Virtual Waiting Roomto continue serving the patient-physician relationship," explained Nandini Ramani, Chief Operating Officer of Outcome Health. OH Virtual Waiting Room launches with its first health network this month providing relevant educational and support content that is very similar to what patients would see in the physician's office on the Outcome Health Waiting Room TV. The first OH Virtual Waiting Room features personalized content for a dermatologist specialty practice, addressing skin conditions, diseases, and care while proactively answering specialty-specific "frequently asked questions" to save time during the consultation. All content presently in the OH Virtual Waiting Room is created and wholly owned by Outcome Health. As more telemedicine solutions become compatible with video content delivery systems, the company expects that its OH Virtual Waiting Room video streams will integrate content from nonprofits and health advocacy groups and sponsored content from pharma partners. About Outcome HealthOutcome Health is a healthcare innovation company reinventing the point of care to facilitate better outcomes for patients, their loved ones and healthcare professionals. Through partnerships with nonprofit organizations, health advocacy groups, leading content creators and brand sponsors, Outcome Health makes critical moments more impactful by bringing educational content into the physician's office. Our BPA-certified digital network spans waiting, exam and infusion rooms across the country, serving relevant content when it's most needed. Outcome Health Media Contact Ivy CohenIvy Cohen Corporate Communications212-399-0026[emailprotected] SOURCE Outcome Health Related Links http://www.outcomehealth.com
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edtsum7004
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: FORT LAUDERDALE, Fla., March 24, 2021 /PRNewswire/ --Having an online presence is more important than ever before. TruLife specializes in forging a powerful online presence for its clients by using a synergistic, multi-pronged marketing approach. This helps brands create a solid e-commerce presence that can help them build an international audience that spans the globe. Two decades into the 21st century, it feels like everyone has gotten onto the online marketing bandwagon. While big businesses can afford to dump money into expensive campaigns and build pricey websites, though, small- and medium-sized businesses often struggle with the decision to take their brand onto the cloud. And yet, the folks at TruLife have found that an online presence has become more essential than ever in spite of the challenge of cutting through the online clutter. Several years ago, GE Capital Retail Bank conducted their annual Major Purchase Shopper Study. The study found that a staggering 81% of consumers go online before heading to the store. And this was years before tech trends and a self-isolating pandemic made online shopping an even more critical lifeline for the average customer. This serves to underscore the fact that businesses absolutely need an online presence at this point if they want to succeed. This doesn't just apply to larger companies or particular industries or niches, either. It's a near-universal principle. An online presence can take many different forms, such as: A website: This gives a brand a place to provide resources, communicate with customers, and close sales. Social media: Social media platforms like Facebook, LinkedIn, and Pinterest provide opportunities to showcase products, provide customer service, and build a community around a brand. Press releases: Press releases help to alert the larger news-driven online world about the various selling points of a product, a service, and a brand as a whole. Search engines: Search engines provide an opportunity to reach potential customers organically through search engine optimization (SEO) as well as with pay-per-click (PPC) advertisements. This variety allows each brand to cobble together an online marketing solution for its own unique needs. This isn't just effective. In most cases, it's also an extremely affordable alternative to traditional marketing options. Another major selling point of being online is the fact that it provides benefits for any kind of business. For instance, tiny shops catering to the neighborhood can use an online presence to boost their local SEO. It's been found that one out of every two individuals who search for a local shop visits a physical store within a day. On top of that, 78% of mobile searches for local amenities and stores result in an offline purchase. When it comes to larger or even medium-sized retailers that cater to regional, national, and international customer bases, the need to be online is even more important. An online presence allows them to overcome the physical distance that separates them from their customers. This desire to utilize the internet to its maximum business capacity is an area where TruLife really makes a difference for its clients. The company's marketing model includes utilizing both online and brick-and-mortar opportunities to help establish the brands that it represents. This is done with a synergistic blend of online activities, like press releases and social media content, to help launch a brand into the spotlight. Additionally, the company's approach lends itself perfectly to the typically flexible activity of marketing online. The affordability and scalability of online marketing make it easy to tinker with each company's strategy until they've found the ideal marketing mix for that client. At the end of the day, building an online presence has become an integral part of any successful modern marketing strategy. TruLife leverages the power of this cutting-edge, evolving marketing medium to take its clients from regional brands with moderate success to legitimate competitors on the national and even international stage. About TruLife: TruLife is a marketing company that was founded by Brian Gould. The CEO is a fourth-generation manufacturer with a deep background in retail distribution. He has placed hundreds of brands with both brick-and-mortar and online retailers. With TruLife, Gould has surrounded himself with an experienced team that offers a variety of effective distribution services for clients from around the globe. Please direct inquiries to:Valentin Gibbs(954) 593-9384[emailprotected] SOURCE TruLife Distribution
Answer:
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Why an Online Presence is Important Taking Health and Wellness Marketing to the Next Level
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FORT LAUDERDALE, Fla., March 24, 2021 /PRNewswire/ --Having an online presence is more important than ever before. TruLife specializes in forging a powerful online presence for its clients by using a synergistic, multi-pronged marketing approach. This helps brands create a solid e-commerce presence that can help them build an international audience that spans the globe. Two decades into the 21st century, it feels like everyone has gotten onto the online marketing bandwagon. While big businesses can afford to dump money into expensive campaigns and build pricey websites, though, small- and medium-sized businesses often struggle with the decision to take their brand onto the cloud. And yet, the folks at TruLife have found that an online presence has become more essential than ever in spite of the challenge of cutting through the online clutter. Several years ago, GE Capital Retail Bank conducted their annual Major Purchase Shopper Study. The study found that a staggering 81% of consumers go online before heading to the store. And this was years before tech trends and a self-isolating pandemic made online shopping an even more critical lifeline for the average customer. This serves to underscore the fact that businesses absolutely need an online presence at this point if they want to succeed. This doesn't just apply to larger companies or particular industries or niches, either. It's a near-universal principle. An online presence can take many different forms, such as: A website: This gives a brand a place to provide resources, communicate with customers, and close sales. Social media: Social media platforms like Facebook, LinkedIn, and Pinterest provide opportunities to showcase products, provide customer service, and build a community around a brand. Press releases: Press releases help to alert the larger news-driven online world about the various selling points of a product, a service, and a brand as a whole. Search engines: Search engines provide an opportunity to reach potential customers organically through search engine optimization (SEO) as well as with pay-per-click (PPC) advertisements. This variety allows each brand to cobble together an online marketing solution for its own unique needs. This isn't just effective. In most cases, it's also an extremely affordable alternative to traditional marketing options. Another major selling point of being online is the fact that it provides benefits for any kind of business. For instance, tiny shops catering to the neighborhood can use an online presence to boost their local SEO. It's been found that one out of every two individuals who search for a local shop visits a physical store within a day. On top of that, 78% of mobile searches for local amenities and stores result in an offline purchase. When it comes to larger or even medium-sized retailers that cater to regional, national, and international customer bases, the need to be online is even more important. An online presence allows them to overcome the physical distance that separates them from their customers. This desire to utilize the internet to its maximum business capacity is an area where TruLife really makes a difference for its clients. The company's marketing model includes utilizing both online and brick-and-mortar opportunities to help establish the brands that it represents. This is done with a synergistic blend of online activities, like press releases and social media content, to help launch a brand into the spotlight. Additionally, the company's approach lends itself perfectly to the typically flexible activity of marketing online. The affordability and scalability of online marketing make it easy to tinker with each company's strategy until they've found the ideal marketing mix for that client. At the end of the day, building an online presence has become an integral part of any successful modern marketing strategy. TruLife leverages the power of this cutting-edge, evolving marketing medium to take its clients from regional brands with moderate success to legitimate competitors on the national and even international stage. About TruLife: TruLife is a marketing company that was founded by Brian Gould. The CEO is a fourth-generation manufacturer with a deep background in retail distribution. He has placed hundreds of brands with both brick-and-mortar and online retailers. With TruLife, Gould has surrounded himself with an experienced team that offers a variety of effective distribution services for clients from around the globe. Please direct inquiries to:Valentin Gibbs(954) 593-9384[emailprotected] SOURCE TruLife Distribution
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edtsum7005
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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, July 9, 2020 /PRNewswire/ -- The US connected care market sizeis expected to grow at a CAGR of over 16% during the period 20192025. Key Highlights Offered in the Report: 1. The overwhelmed healthcare industry is looking for ways to shed some of the stress on its systems caused by the coronavirus pandemic. Connected care is thereby gaining traction as it provides a way to optimize and scale care delivery through technology. 2. The multi-billion-dollar medication non-adherence issue has also forced healthcare stakeholder groups to use a digital health approach to rein in costs and enhance overall management of population health. 3. There is however a lot of reluctance in the adoption of the technology owing to a range of factors spanning cultural inhibitions and lack of knowledge and understanding of connected care. 4. Disappointments with the healthcare system including perceptions of feeling undervalued as patients, high expenses, and hassles have driven the adoption of remote patient monitoring technologies. 5. High-quality broadband and connected device expansions, approvals on RPM reimbursements, and possibilities of delivering care to remote, underserved populations has contributed in the mainstreaming of the market. 6. Connected care is increasingly finding the entry of AI-based solutions as MedTech vendors introduce applications and features that make use of this technology and machine learning to improve care for patients. Key Offerings: Market Size & Forecast by Revenue | 20192025 Market Dynamics Leading trends, growth drivers, restraints, and investment opportunities Market Segmentation A detailed analysis by type, component, end-user, and geography Competitive Landscape 5 key vendors and 18 other vendors Get your sample today! https://www.arizton.com/market-reports/connected-care-market-in-united-states U.S. Connected Care Market Segmentation The RPM segment is witnessing growth on account of better clinical and patient experience, lower costs, and improved outcomes. In 2019, several clients carried out pilot RPM programs, which they expanded swiftly in 2020, are driving the demand for specialized monitoring systems. The US hardware connected healthcare market is expected to grow at a CAGR of over 18% during the forecast period. Reducing the size of monitors and improving ease of use in a variety of clinical settings are key focus areas for hardware manufacturers. Design is increasingly coming to the fore, and players are taking new approaches to delivering their connected care services. The acceptance of homecare settings is growing. A growing number of organizations, which are debuting and scaling models to move acute, primary, and palliative care to the home, are driving the segment growth. As healthcare is increasingly shifting into homes owing to population health efforts and demand for personalized healthcare, medical devices are being designed to be used within the setting. U.S. Connected Care Market by Type RPM Connected Medicated Management PERS U.S. Connected Care Market by Component Software and Services Hardware U.S. Connected Care Market byEnd-user Homecare Settings Hospitals/ Clinics Others U.S. Connected Care Market by Delivery Onsite Mobile Get your sample today! https://www.arizton.com/market-reports/connected-care-market-in-united-states Prominent Vendors Koninklijke Philips ResMed Boston Scientific Medtronic Connect America Other Prominent Vendors AdhereTech A&D Medical Anelto BIOTRONIK Cohero Health Essence Group GE Healthcare GreatCall LogicMark MobileHelp Mytrex Nortek Security & Control Freeus Masimo Pillsy Resideo SMRxT Valued Relationships Explore our healthcare & lifesciences profile to know more about the industry. Read some of the top-selling reports: Telehealth Market - Global Outlook and Forecast 2020-2025 US Nursing Care Market - Industry Outlook and Forecast 2020-2025 Remote Healthcare (mHealth, Tele-ICUs, & Virtual Health) Market - Global Outlook and Forecast 2020-2025 U.S. Telehealth Market - Industry Outlook and Forecast 2020-2025 About Arizton: Arizton Advisory 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
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U.S. Connected Care Market Size to Reach Revenues of Over $13 Billion by 2020 - Arizton
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CHICAGO, July 9, 2020 /PRNewswire/ -- The US connected care market sizeis expected to grow at a CAGR of over 16% during the period 20192025. Key Highlights Offered in the Report: 1. The overwhelmed healthcare industry is looking for ways to shed some of the stress on its systems caused by the coronavirus pandemic. Connected care is thereby gaining traction as it provides a way to optimize and scale care delivery through technology. 2. The multi-billion-dollar medication non-adherence issue has also forced healthcare stakeholder groups to use a digital health approach to rein in costs and enhance overall management of population health. 3. There is however a lot of reluctance in the adoption of the technology owing to a range of factors spanning cultural inhibitions and lack of knowledge and understanding of connected care. 4. Disappointments with the healthcare system including perceptions of feeling undervalued as patients, high expenses, and hassles have driven the adoption of remote patient monitoring technologies. 5. High-quality broadband and connected device expansions, approvals on RPM reimbursements, and possibilities of delivering care to remote, underserved populations has contributed in the mainstreaming of the market. 6. Connected care is increasingly finding the entry of AI-based solutions as MedTech vendors introduce applications and features that make use of this technology and machine learning to improve care for patients. Key Offerings: Market Size & Forecast by Revenue | 20192025 Market Dynamics Leading trends, growth drivers, restraints, and investment opportunities Market Segmentation A detailed analysis by type, component, end-user, and geography Competitive Landscape 5 key vendors and 18 other vendors Get your sample today! https://www.arizton.com/market-reports/connected-care-market-in-united-states U.S. Connected Care Market Segmentation The RPM segment is witnessing growth on account of better clinical and patient experience, lower costs, and improved outcomes. In 2019, several clients carried out pilot RPM programs, which they expanded swiftly in 2020, are driving the demand for specialized monitoring systems. The US hardware connected healthcare market is expected to grow at a CAGR of over 18% during the forecast period. Reducing the size of monitors and improving ease of use in a variety of clinical settings are key focus areas for hardware manufacturers. Design is increasingly coming to the fore, and players are taking new approaches to delivering their connected care services. The acceptance of homecare settings is growing. A growing number of organizations, which are debuting and scaling models to move acute, primary, and palliative care to the home, are driving the segment growth. As healthcare is increasingly shifting into homes owing to population health efforts and demand for personalized healthcare, medical devices are being designed to be used within the setting. U.S. Connected Care Market by Type RPM Connected Medicated Management PERS U.S. Connected Care Market by Component Software and Services Hardware U.S. Connected Care Market byEnd-user Homecare Settings Hospitals/ Clinics Others U.S. Connected Care Market by Delivery Onsite Mobile Get your sample today! https://www.arizton.com/market-reports/connected-care-market-in-united-states Prominent Vendors Koninklijke Philips ResMed Boston Scientific Medtronic Connect America Other Prominent Vendors AdhereTech A&D Medical Anelto BIOTRONIK Cohero Health Essence Group GE Healthcare GreatCall LogicMark MobileHelp Mytrex Nortek Security & Control Freeus Masimo Pillsy Resideo SMRxT Valued Relationships Explore our healthcare & lifesciences profile to know more about the industry. Read some of the top-selling reports: Telehealth Market - Global Outlook and Forecast 2020-2025 US Nursing Care Market - Industry Outlook and Forecast 2020-2025 Remote Healthcare (mHealth, Tele-ICUs, & Virtual Health) Market - Global Outlook and Forecast 2020-2025 U.S. Telehealth Market - Industry Outlook and Forecast 2020-2025 About Arizton: Arizton Advisory 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
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edtsum7007
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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: NASHVILLE, Tenn., April 7, 2021 /PRNewswire/ --FB Financial Corporation ("FB Financial" or "the Company") (NYSE:FBK) announced today that it will release its 2021 first quarter results of operations on Monday, April 26, 2021, after the close of the market. The Company will host a conference call at 8:00 a.m. Central Time on Tuesday, April 27, 2021, to discuss its first quarter results of operations. For investors or analysts who want to attend the call, the listen only dial-in number is 888-317-6003, confirmation code 2908979. A live online broadcast of FB Financial's conference call will also begin at 8:00 a.m. Central Time, on Tuesday, April 27, 2021, at https://www.webcaster4.com/Webcast/Page/1631/40699. An online replay will be available approximately two hours after the call ends for 12 months. A telephone replay will begin approximately two hours after the call ends and will be available for seven days. To listen to the telephone playback, please dial 877-344-7579, confirmation code 10154025. About FB Financial CorporationFB Financial Corporation (NYSE: FBK) is a bank holding company headquartered in Nashville, Tennessee. FB Financial Corporation operates through its wholly owned banking subsidiary, FirstBank, the third largest Tennessee-headquartered community bank, with 81 full-service bank branches across Tennessee, Kentucky, North Alabama and North Georgia, and mortgage offices across the Southeast. FirstBank serves five of the largest metropolitan markets in Tennessee and has approximately $11.2 billion in total assets. SOURCE FB Financial Corporation
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FB Financial Corporation Announces 2021 First Quarter Earnings Call
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NASHVILLE, Tenn., April 7, 2021 /PRNewswire/ --FB Financial Corporation ("FB Financial" or "the Company") (NYSE:FBK) announced today that it will release its 2021 first quarter results of operations on Monday, April 26, 2021, after the close of the market. The Company will host a conference call at 8:00 a.m. Central Time on Tuesday, April 27, 2021, to discuss its first quarter results of operations. For investors or analysts who want to attend the call, the listen only dial-in number is 888-317-6003, confirmation code 2908979. A live online broadcast of FB Financial's conference call will also begin at 8:00 a.m. Central Time, on Tuesday, April 27, 2021, at https://www.webcaster4.com/Webcast/Page/1631/40699. An online replay will be available approximately two hours after the call ends for 12 months. A telephone replay will begin approximately two hours after the call ends and will be available for seven days. To listen to the telephone playback, please dial 877-344-7579, confirmation code 10154025. About FB Financial CorporationFB Financial Corporation (NYSE: FBK) is a bank holding company headquartered in Nashville, Tennessee. FB Financial Corporation operates through its wholly owned banking subsidiary, FirstBank, the third largest Tennessee-headquartered community bank, with 81 full-service bank branches across Tennessee, Kentucky, North Alabama and North Georgia, and mortgage offices across the Southeast. FirstBank serves five of the largest metropolitan markets in Tennessee and has approximately $11.2 billion in total assets. SOURCE FB Financial Corporation
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edtsum7019
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: MOUNTAIN VIEW, Calif., June 26, 2020 /PRNewswire/ --Synopsys, Inc.(Nasdaq: SNPS) today announced it has broadened its ongoing academic collaboration by entering into an agreement to license novel digital synthesis technologies from EPFL, the Swiss Federal Institute of Technology in Lausanne, Switzerland. Over the past two years, Synopsys has been working in partnership with the University of Rochester and Yokohama National University developing a complete digital circuit design flow for Superconducting Electronics (SCE). This work is being conducted under IARPA's SuperTools project, a multi-year research effort that aims to create a SCE circuit design flow by developing a comprehensive set of Electronic Design Automation (EDA), and Technology Computer Aided Design (TCAD) tools to enable the analysis and design of SCE circuits with Very-Large-Scale Integration (VLSI). EPFL's Integrated Systems Laboratory (LSI) has developed a method that may reduce the power requirement of electronic chips by mapping out their logic flows in a novel way. By deploying a different set of logic functions for the gates on the potentially billions of transistors found in modern electronic circuits, this system may shorten the circuits' calculation steps. This shortening may enable chip designers to make their chips faster or more energy efficient. EPFL's LSI is applying these methods in ongoing research on SCE conducted under NSF's SuperCool project. Traditionally, four basic logic functions (and-or-not-mux) have been used to realize electronic circuits. But, EPFL's LSI group set out to produce optimized digital circuits by radically changing the software that generates logic diagrams involving majority functions. Initial studies indicated that the new approach could reduce the number of logic steps needed to execute a given task. Later experiments confirmed that these optimizations were able to reduce the number of logic levels by 18% on average.Engineers can exploit the reduction in logic levels to create faster or less power-hungry chips. The SCE tools will allow engineers to design complex, high-speed digital circuits with much lower power requirements than available in today's semiconductor technologies. Advanced EDA and TCAD tools have been at the center of the semiconductor revolution and made possible the design and manufacture of today's highly sophisticated electronic systems. The SuperTools project endeavors to apply the experiences and learnings from semiconductors to superconducting electronics, offering the possibility of faster circuits with substantially lower power requirements. AboutEPFLEPFL is one of the world's leading research universities. It offers excellent facilities for students and faculty alike and an environment designed to foster innovation. Through the high-quality work done in the 350 laboratories and research groups, it contributes to the technological, scientific and social advances being made in a wide range of fields, addressing issues such as climate change, digitalization and personalized medicine. It also supports startups, turning the technologies developed by its laboratories into marketable applications. About SynopsysSynopsys, Inc. (Nasdaq: SNPS) is the Silicon to Software partner for innovative companies developing the electronic products and software applications we rely on every day. As the world's 15th largest software company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and is also growing its leadership in software security and quality solutions. Whether you're a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing applications that require the highest security and quality, Synopsys has the solutions needed to deliver innovative, high-quality, secure products. Learn more at www.synopsys.com. Editorial Contact:Simone Souza Synopsys, Inc. 650-584-6454[emailprotected] SOURCE Synopsys, Inc. Related Links http://www.synopsys.com
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Synopsys Broadens Collaboration with EPFL
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MOUNTAIN VIEW, Calif., June 26, 2020 /PRNewswire/ --Synopsys, Inc.(Nasdaq: SNPS) today announced it has broadened its ongoing academic collaboration by entering into an agreement to license novel digital synthesis technologies from EPFL, the Swiss Federal Institute of Technology in Lausanne, Switzerland. Over the past two years, Synopsys has been working in partnership with the University of Rochester and Yokohama National University developing a complete digital circuit design flow for Superconducting Electronics (SCE). This work is being conducted under IARPA's SuperTools project, a multi-year research effort that aims to create a SCE circuit design flow by developing a comprehensive set of Electronic Design Automation (EDA), and Technology Computer Aided Design (TCAD) tools to enable the analysis and design of SCE circuits with Very-Large-Scale Integration (VLSI). EPFL's Integrated Systems Laboratory (LSI) has developed a method that may reduce the power requirement of electronic chips by mapping out their logic flows in a novel way. By deploying a different set of logic functions for the gates on the potentially billions of transistors found in modern electronic circuits, this system may shorten the circuits' calculation steps. This shortening may enable chip designers to make their chips faster or more energy efficient. EPFL's LSI is applying these methods in ongoing research on SCE conducted under NSF's SuperCool project. Traditionally, four basic logic functions (and-or-not-mux) have been used to realize electronic circuits. But, EPFL's LSI group set out to produce optimized digital circuits by radically changing the software that generates logic diagrams involving majority functions. Initial studies indicated that the new approach could reduce the number of logic steps needed to execute a given task. Later experiments confirmed that these optimizations were able to reduce the number of logic levels by 18% on average.Engineers can exploit the reduction in logic levels to create faster or less power-hungry chips. The SCE tools will allow engineers to design complex, high-speed digital circuits with much lower power requirements than available in today's semiconductor technologies. Advanced EDA and TCAD tools have been at the center of the semiconductor revolution and made possible the design and manufacture of today's highly sophisticated electronic systems. The SuperTools project endeavors to apply the experiences and learnings from semiconductors to superconducting electronics, offering the possibility of faster circuits with substantially lower power requirements. AboutEPFLEPFL is one of the world's leading research universities. It offers excellent facilities for students and faculty alike and an environment designed to foster innovation. Through the high-quality work done in the 350 laboratories and research groups, it contributes to the technological, scientific and social advances being made in a wide range of fields, addressing issues such as climate change, digitalization and personalized medicine. It also supports startups, turning the technologies developed by its laboratories into marketable applications. About SynopsysSynopsys, Inc. (Nasdaq: SNPS) is the Silicon to Software partner for innovative companies developing the electronic products and software applications we rely on every day. As the world's 15th largest software company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and is also growing its leadership in software security and quality solutions. Whether you're a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing applications that require the highest security and quality, Synopsys has the solutions needed to deliver innovative, high-quality, secure products. Learn more at www.synopsys.com. Editorial Contact:Simone Souza Synopsys, Inc. 650-584-6454[emailprotected] SOURCE Synopsys, Inc. Related Links http://www.synopsys.com
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edtsum7021
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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, Dec. 15, 2020 /PRNewswire/-- iQIYI, Inc. (Nasdaq: IQ) ("iQIYI" or the "Company"),an innovative market-leading online entertainment service inChina, today announced the commencement of a registered underwritten public offering by the Company of its convertible senior notes due 2026 (the "Notes") and a registered underwritten public offering by the Company of American Depositary Shares, each representing seven Class A ordinary shares, par value$0.00001per share, of the Company (the "ADSs"). The Company proposes to offerUS$800 millionaggregate principal amount of the Notes, subject to market conditions. The Company also intends to grant the underwriters in the Notes offering a 30-day option to purchase up to an additionalUS$100 millionaggregate principal amount of the Notes. The Notes will be senior, unsecured obligations of the Company. The Notes will mature on December 15, 2026, unless repurchased, redeemed or converted in accordance with their terms prior to such date. The Company may not redeem the Notes prior to maturity, unless certain tax-related events occur. Holders of the Notes may require the Company to repurchase all or part of their Notes in cash on August1, 2024 or in the event of certain fundamental changes. Prior to the close of business on the business day immediately preceding June 15, 2026, the Notes will be convertible only if certain conditions are met. On or after June 15, 2026 until the close of business on the business day immediately preceding the maturity date, the Notes will be convertible at the option of the holders at any time. Upon conversion, holders will receive cash, ADSs or a combination of cash and ADSs, at the election of the Company. The interest rate, initial conversion rate and certain other terms of the Notes will be determined at the time of pricing of the Notes. Concurrently with the offering of the Notes, the Company is offering an aggregate of 40,000,000 ADSs, subject to market conditions. The Company intends to grant the underwriters a 30-day option to purchase up to an aggregate of 6,000,000 additional ADSs. The Company intends to use the net proceeds from the Notes offering and the ADS offering to expand and enhance its content offerings, strengthen its technologies and for working capital and other general corporate purposes. The offering of the Notes is not contingent on the closing of the concurrent offering of the ADSs, and the concurrent offering of the ADSs is not contingent on the closing of the offering of the Notes. Goldman Sachs (Asia) L.L.C.,BofA Securities, Inc. and J.P. Morgan Securities LLC are acting as joint book-running managers for the offerings. The Notes offering and the ADS offering will be made pursuant to an effective shelf registration statement on Form F-3 filed with theU.S. Securities and Exchange Commission(the "SEC"), which is available on theSEC'swebsite at www.sec.gov. A preliminary prospectus supplement and accompanying prospectus related to the Notes offering have been filed with theSECand will be available on theSEC'swebsite at www.sec.gov. A preliminary prospectus supplement and accompanying prospectus related to the ADS offering have been filed with theSECand will be available on theSEC'swebsite at www.sec.gov. Copies of the preliminary prospectus supplements and the accompanying prospectus related to the Notes offering and the ADS offering may also be obtained callingGoldman, Sachs & Co. toll-free at 1-866-471-2526, BofA Securities, Inc. toll-free at 1-800-294-1322, or J.P. Morgan Securities LLC toll-free at 1-866-803-9204. This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor shall there be a sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release contains information about the pending offerings of the Notes and the ADSs, and there can be no assurance that any of the offerings will be completed. AboutiQIYI, Inc. iQIYI, Inc. is an innovative market-leading online entertainment service in China. Its corporate DNA combines creative talent with technology, fostering an environment for continuous innovation and the production of blockbuster content. iQIYI's platform features highly popular original content, as well as a comprehensive library of other professionally-produced content, professional user generated content and user-generated content. The Company distinguishes itself in the online entertainment industry by its leading technology platform powered by advanced AI, big data analytics and other core proprietary technologies. iQIYI attracts a massive user base with tremendous user engagement, and has developed a diversified monetization model including membership services, online advertising services, content distribution, online games, live broadcasting, IP licensing, talent agency, online literature and e-commerce etc. For more information, please visit http://ir.iqiyi.com. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, the description of the proposed offering in this announcement contains forward-looking statements. iQIYI may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about iQIYI's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: iQIYI's strategies; iQIYI's future business development, financial condition and results of operations; iQIYI's ability to retain and increase the number of users, members and advertising customers, and expand its service offerings; competition in the online entertainment industry; changes in iQIYI's revenues, costs or expenditures; Chinese governmental policies and regulations relating to the online entertainment industry, general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and iQIYI undertakes no duty to update such information, except as required under applicable law. For more information, please contact: Investor RelationsiQIYI, Inc.+ 86 10 8264 6585[emailprotected] SOURCE iQIYI, Inc. Related Links www.iqiyi.com
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iQIYI Announces Proposed Offering of Convertible Senior Notes and Proposed Offering of American Depositary Shares
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BEIJING, Dec. 15, 2020 /PRNewswire/-- iQIYI, Inc. (Nasdaq: IQ) ("iQIYI" or the "Company"),an innovative market-leading online entertainment service inChina, today announced the commencement of a registered underwritten public offering by the Company of its convertible senior notes due 2026 (the "Notes") and a registered underwritten public offering by the Company of American Depositary Shares, each representing seven Class A ordinary shares, par value$0.00001per share, of the Company (the "ADSs"). The Company proposes to offerUS$800 millionaggregate principal amount of the Notes, subject to market conditions. The Company also intends to grant the underwriters in the Notes offering a 30-day option to purchase up to an additionalUS$100 millionaggregate principal amount of the Notes. The Notes will be senior, unsecured obligations of the Company. The Notes will mature on December 15, 2026, unless repurchased, redeemed or converted in accordance with their terms prior to such date. The Company may not redeem the Notes prior to maturity, unless certain tax-related events occur. Holders of the Notes may require the Company to repurchase all or part of their Notes in cash on August1, 2024 or in the event of certain fundamental changes. Prior to the close of business on the business day immediately preceding June 15, 2026, the Notes will be convertible only if certain conditions are met. On or after June 15, 2026 until the close of business on the business day immediately preceding the maturity date, the Notes will be convertible at the option of the holders at any time. Upon conversion, holders will receive cash, ADSs or a combination of cash and ADSs, at the election of the Company. The interest rate, initial conversion rate and certain other terms of the Notes will be determined at the time of pricing of the Notes. Concurrently with the offering of the Notes, the Company is offering an aggregate of 40,000,000 ADSs, subject to market conditions. The Company intends to grant the underwriters a 30-day option to purchase up to an aggregate of 6,000,000 additional ADSs. The Company intends to use the net proceeds from the Notes offering and the ADS offering to expand and enhance its content offerings, strengthen its technologies and for working capital and other general corporate purposes. The offering of the Notes is not contingent on the closing of the concurrent offering of the ADSs, and the concurrent offering of the ADSs is not contingent on the closing of the offering of the Notes. Goldman Sachs (Asia) L.L.C.,BofA Securities, Inc. and J.P. Morgan Securities LLC are acting as joint book-running managers for the offerings. The Notes offering and the ADS offering will be made pursuant to an effective shelf registration statement on Form F-3 filed with theU.S. Securities and Exchange Commission(the "SEC"), which is available on theSEC'swebsite at www.sec.gov. A preliminary prospectus supplement and accompanying prospectus related to the Notes offering have been filed with theSECand will be available on theSEC'swebsite at www.sec.gov. A preliminary prospectus supplement and accompanying prospectus related to the ADS offering have been filed with theSECand will be available on theSEC'swebsite at www.sec.gov. Copies of the preliminary prospectus supplements and the accompanying prospectus related to the Notes offering and the ADS offering may also be obtained callingGoldman, Sachs & Co. toll-free at 1-866-471-2526, BofA Securities, Inc. toll-free at 1-800-294-1322, or J.P. Morgan Securities LLC toll-free at 1-866-803-9204. This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor shall there be a sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release contains information about the pending offerings of the Notes and the ADSs, and there can be no assurance that any of the offerings will be completed. AboutiQIYI, Inc. iQIYI, Inc. is an innovative market-leading online entertainment service in China. Its corporate DNA combines creative talent with technology, fostering an environment for continuous innovation and the production of blockbuster content. iQIYI's platform features highly popular original content, as well as a comprehensive library of other professionally-produced content, professional user generated content and user-generated content. The Company distinguishes itself in the online entertainment industry by its leading technology platform powered by advanced AI, big data analytics and other core proprietary technologies. iQIYI attracts a massive user base with tremendous user engagement, and has developed a diversified monetization model including membership services, online advertising services, content distribution, online games, live broadcasting, IP licensing, talent agency, online literature and e-commerce etc. For more information, please visit http://ir.iqiyi.com. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, the description of the proposed offering in this announcement contains forward-looking statements. iQIYI may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about iQIYI's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: iQIYI's strategies; iQIYI's future business development, financial condition and results of operations; iQIYI's ability to retain and increase the number of users, members and advertising customers, and expand its service offerings; competition in the online entertainment industry; changes in iQIYI's revenues, costs or expenditures; Chinese governmental policies and regulations relating to the online entertainment industry, general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and iQIYI undertakes no duty to update such information, except as required under applicable law. For more information, please contact: Investor RelationsiQIYI, Inc.+ 86 10 8264 6585[emailprotected] SOURCE iQIYI, Inc. Related Links www.iqiyi.com
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edtsum7028
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: IRVINE, Calif.--(BUSINESS WIRE)--CG Oncology, Inc., a clinical-stage biopharmaceutical company focused on the development of novel oncolytic immunotherapies, today announced the closing of a $47 million Series D preferred stock financing led by new investor Kissei Pharmaceutical Co., Ltd., with participation from existing investors ORI Healthcare Fund, Camford Capital and Perseverance Capital Management. The financing will support the advancement of CG Oncologys late-stage clinical programs for its lead oncolytic immunotherapy, CG0070, including an ongoing global Phase 3 trial (BOND3) with CG0070 as a monotherapy for the treatment of BCG-unresponsive, Non-Muscle Invasive Bladder Cancer (NMIBC), and a combination Phase 2 study (CORE1) of CG0070 with KEYTRUDA (pembrolizumab) in the same indication. In addition, a Phase 1b study (CORE2) is currently ongoing with CG0070 in combination with OPDIVO (nivolumab) as a neoadjuvant immunotherapy for Muscle-Invasive Bladder Cancer (MIBC) in cisplatin-ineligible patients. We are excited to close our Series D round of funding, which will allow us to advance our late-stage pipeline, as new treatment options are desperately needed for patients with bladder cancer, said Arthur Kuan, CEO of CG Oncology. Our clinical progress in oncology is a testament to oncolytic immunotherapy as a novel approach, with our lead candidate CG0070 in both monotherapy and combination therapy studies. The support of leading global investors comes at a pivotal time for CG Oncology, with our lead monotherapy program advancing to BLA, and our combination programs of CG0070 with approved anti-PD-1 antibody therapies advancing in the clinic. CG Oncology has made significant progress in advancing its late-stage oncolytic immunotherapy programs, and we have strong expertise to successfully develop and commercialize CG0070 in Japan, and other countries, said Mutsuo Kanzawa, Chairman and CEO of Kissei. We look forward to working closely with CG Oncology to address the significant unmet medical needs in oncology with this innovative therapy. About CG Oncology CG Oncology is a clinical-stage biotechnology company focused on developing the next evolution of oncolytic immunotherapy for patients with advanced cancer. Our lead candidate, CG0070, is a selective oncolytic immunotherapy which has completed a Phase 2 trial for the treatment of high-grade NMIBC after BCG failure. Additional indications in MIBC and other solid tumors are being pursued with CG0070 in combination with immune checkpoint modulators. At CG Oncology, we aim to take the next evolutionary step in delivering innovative cancer care to millions of patients in need worldwide. Learn more at www.cgoncology.com.
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CG Oncology Closes $47 Million Series D Financing
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IRVINE, Calif.--(BUSINESS WIRE)--CG Oncology, Inc., a clinical-stage biopharmaceutical company focused on the development of novel oncolytic immunotherapies, today announced the closing of a $47 million Series D preferred stock financing led by new investor Kissei Pharmaceutical Co., Ltd., with participation from existing investors ORI Healthcare Fund, Camford Capital and Perseverance Capital Management. The financing will support the advancement of CG Oncologys late-stage clinical programs for its lead oncolytic immunotherapy, CG0070, including an ongoing global Phase 3 trial (BOND3) with CG0070 as a monotherapy for the treatment of BCG-unresponsive, Non-Muscle Invasive Bladder Cancer (NMIBC), and a combination Phase 2 study (CORE1) of CG0070 with KEYTRUDA (pembrolizumab) in the same indication. In addition, a Phase 1b study (CORE2) is currently ongoing with CG0070 in combination with OPDIVO (nivolumab) as a neoadjuvant immunotherapy for Muscle-Invasive Bladder Cancer (MIBC) in cisplatin-ineligible patients. We are excited to close our Series D round of funding, which will allow us to advance our late-stage pipeline, as new treatment options are desperately needed for patients with bladder cancer, said Arthur Kuan, CEO of CG Oncology. Our clinical progress in oncology is a testament to oncolytic immunotherapy as a novel approach, with our lead candidate CG0070 in both monotherapy and combination therapy studies. The support of leading global investors comes at a pivotal time for CG Oncology, with our lead monotherapy program advancing to BLA, and our combination programs of CG0070 with approved anti-PD-1 antibody therapies advancing in the clinic. CG Oncology has made significant progress in advancing its late-stage oncolytic immunotherapy programs, and we have strong expertise to successfully develop and commercialize CG0070 in Japan, and other countries, said Mutsuo Kanzawa, Chairman and CEO of Kissei. We look forward to working closely with CG Oncology to address the significant unmet medical needs in oncology with this innovative therapy. About CG Oncology CG Oncology is a clinical-stage biotechnology company focused on developing the next evolution of oncolytic immunotherapy for patients with advanced cancer. Our lead candidate, CG0070, is a selective oncolytic immunotherapy which has completed a Phase 2 trial for the treatment of high-grade NMIBC after BCG failure. Additional indications in MIBC and other solid tumors are being pursued with CG0070 in combination with immune checkpoint modulators. At CG Oncology, we aim to take the next evolutionary step in delivering innovative cancer care to millions of patients in need worldwide. Learn more at www.cgoncology.com.
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edtsum7041
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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, April 1, 2020 /PRNewswire/ --Sony Electronics Inc. today introduced two new wireless headphones the WF-XB700 and WH-CH710N providing the perfect hassle-free headphones for any environment. "We are proud to deliver Sony's latest audio innovations, created with our great customers in mind," said Mike Fasulo, president and chief operating officer of Sony Electronics North America. "These new models offer more ways to enjoy Sony's EXTRA BASS and best-in-class noise cancelation, which canhelp users reduce the distractions of loud ambient noise, both in their homes and outdoors." Experience Punchy Sound with the WF-XB700's EXTRA BASSFeaturing Sony's EXTRA BASS technology, the WF-XB700 headphones create precise, punchy rhythms that lift every track and maintain vocal clarity for a superbly rich, well-rounded listening experience. Bluetooth technology removes the need for wired connections for ease of use while the Ergonomic Tri-hold structure creates a comfortable fit for both earbuds. Users can enjoy up to 18 hours of listening thanks to the handy charging case1, while just 10 minutes quick charging provides 60 minutes of music playback. Additionally, an IPX4 rating for water-resistance2 means protection against splashes and sweat so customers can keep moving to the music in the rain or at the gym. Cancel Out the World with WH-CH710NHear more music and less background noise with the WH-CH710N noise canceling headphones. While taking a long-haul flight or commuting to work, the Artificial Intelligence Noise Cancelation (AINC) constantly analyses environmental ambient sound components, and automatically selects the most effective noise canceling mode for users' surroundings. Additionally, dual microphones feeding forwards and backwards mean the WH-CH710N headphones catch more ambient sounds than ever before. Near Field Communication (NFC) lets users start streaming their music with just one touch while a built-in Li-ion battery allows for up to 35 hours of audio on a single charge. Plus, with quick charging, customers get 60 minutes of playback from just 10 minutes of charging. With an adjustable metal slider, users can make their headphones the perfect size, while soft, oval-shaped earpads mean they'll never need to take a break from their favorite music. Pricing and AvailabilityThe WF-XB700 model has a suggested retail price of $129.99 MSRP and will be available in April 2020 for pre-sale in black and blue. For product details, please visit https://www.sony.com/electronics/truly-wireless/wf-xb700 The WH-CH710N model has a suggested retail price of $199.99 MSRP and will be available in April 2020 for pre-sale in black. For product details, please visit https://www.sony.com/electronics/headband-headphones/wh-ch710n About Sony Electronics Inc.Sony Electronics is a subsidiary of Sony Corporation of America and an affiliate of Sony Corporation (Japan), one of the most comprehensive entertainment companies in the world, with a portfolio that encompasses electronics, music, motion pictures, mobile, gaming, robotics and financial services. Headquartered in San Diego, California, Sony Electronics is a leader in electronics for the consumer and professional markets. Operations include research and development, engineering, sales, marketing, distribution and customer service. Sony Electronics creates products that innovate and inspire generations, such as the award-winning Alpha Interchangeable Lens Cameras and revolutionary high-resolution audio products. Sony is also a leading manufacturer of end-to-end solutions from 4K professional broadcast and A/V equipment to industry leading 4K and 8K Ultra HD TVs. Visit http://www.sony.com for more information. 1 1 time charging case is needed. 9H (earbuds) + 9H (charging case), total of 18H using Bluetooth.2 The case is not water resistant. SOURCE Sony Electronics Inc. Related Links https://www.sony.com/
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Experience Energizing Sound in Any Environment with Sony's New Truly Wireless WF-XB700 Headphones and WH-CH710N Noise Canceling Headphones
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SAN DIEGO, April 1, 2020 /PRNewswire/ --Sony Electronics Inc. today introduced two new wireless headphones the WF-XB700 and WH-CH710N providing the perfect hassle-free headphones for any environment. "We are proud to deliver Sony's latest audio innovations, created with our great customers in mind," said Mike Fasulo, president and chief operating officer of Sony Electronics North America. "These new models offer more ways to enjoy Sony's EXTRA BASS and best-in-class noise cancelation, which canhelp users reduce the distractions of loud ambient noise, both in their homes and outdoors." Experience Punchy Sound with the WF-XB700's EXTRA BASSFeaturing Sony's EXTRA BASS technology, the WF-XB700 headphones create precise, punchy rhythms that lift every track and maintain vocal clarity for a superbly rich, well-rounded listening experience. Bluetooth technology removes the need for wired connections for ease of use while the Ergonomic Tri-hold structure creates a comfortable fit for both earbuds. Users can enjoy up to 18 hours of listening thanks to the handy charging case1, while just 10 minutes quick charging provides 60 minutes of music playback. Additionally, an IPX4 rating for water-resistance2 means protection against splashes and sweat so customers can keep moving to the music in the rain or at the gym. Cancel Out the World with WH-CH710NHear more music and less background noise with the WH-CH710N noise canceling headphones. While taking a long-haul flight or commuting to work, the Artificial Intelligence Noise Cancelation (AINC) constantly analyses environmental ambient sound components, and automatically selects the most effective noise canceling mode for users' surroundings. Additionally, dual microphones feeding forwards and backwards mean the WH-CH710N headphones catch more ambient sounds than ever before. Near Field Communication (NFC) lets users start streaming their music with just one touch while a built-in Li-ion battery allows for up to 35 hours of audio on a single charge. Plus, with quick charging, customers get 60 minutes of playback from just 10 minutes of charging. With an adjustable metal slider, users can make their headphones the perfect size, while soft, oval-shaped earpads mean they'll never need to take a break from their favorite music. Pricing and AvailabilityThe WF-XB700 model has a suggested retail price of $129.99 MSRP and will be available in April 2020 for pre-sale in black and blue. For product details, please visit https://www.sony.com/electronics/truly-wireless/wf-xb700 The WH-CH710N model has a suggested retail price of $199.99 MSRP and will be available in April 2020 for pre-sale in black. For product details, please visit https://www.sony.com/electronics/headband-headphones/wh-ch710n About Sony Electronics Inc.Sony Electronics is a subsidiary of Sony Corporation of America and an affiliate of Sony Corporation (Japan), one of the most comprehensive entertainment companies in the world, with a portfolio that encompasses electronics, music, motion pictures, mobile, gaming, robotics and financial services. Headquartered in San Diego, California, Sony Electronics is a leader in electronics for the consumer and professional markets. Operations include research and development, engineering, sales, marketing, distribution and customer service. Sony Electronics creates products that innovate and inspire generations, such as the award-winning Alpha Interchangeable Lens Cameras and revolutionary high-resolution audio products. Sony is also a leading manufacturer of end-to-end solutions from 4K professional broadcast and A/V equipment to industry leading 4K and 8K Ultra HD TVs. Visit http://www.sony.com for more information. 1 1 time charging case is needed. 9H (earbuds) + 9H (charging case), total of 18H using Bluetooth.2 The case is not water resistant. SOURCE Sony Electronics Inc. Related Links https://www.sony.com/
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edtsum7053
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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, March 17, 2021 /PRNewswire/ --Venterra Realty has received the 2020 ApartmentRatings.com Top Rated Award. Venterra has a reputation of acquiring properties and turning them into Top Rated Communities within a year of ownership. Maintaining this high level of service during a pandemic is especially remarkable. 2020 ApartmentRatings.com Top Rated Award The annual ApartmentRatings.com award distinguishes the best apartment communities in the nation providing exceptional customer service. Only 5% of all U.S. properties listed on ApartmentRatings.com qualified for the award, making this a distinguished accomplishment for the Venterra portfolio. New to the 2020 awards, ApartmentRatings.com evaluated communities based on the epIQ Index. The epIQ Index (short for "Experience & Performance Intelligence Quotient) provides a grade on a community's performance based on four variables: Renter's Ratings, Response Rate, Review Volume, and Reply Time. To be eligible for the award, communities must earn an epIQ Index grade of at least A- and have at least five new reviews submitted in the current award year. "Resident satisfaction is a top priority for us. Receiving Top Rated recognition at such a large scale across our portfolio is not only reflective of how we conduct business and property management operations, but how our business is positively impacting the lives of those who call Venterra communities home," said Venterra CEO, John Foresi. "We thank our residents for always being open to providing productive feedback, as it allows for insight into what can be improved. We are pleased to see such positive reviews despite the challenges in this past year, and we look forward to continuing to deliver industry-leading experiences for our customers," added Andrew Stewart, Venterra Chairman. The complete list of the 2020 ApartmentRatings Top Rated Award winners can viewed here: https://www.apartmentratings.com/2020topratedawards/.About Venterra:Venterra Realty is a rapidly growing owner/operator of multifamily rental communities with more than 60properties across 11major US cities. They are committed to improving the lives of their residents by deliveringan industry-leading customer experience. More than 35,000people and 11,000pets call Venterra "home." Find out more about Venterra Realty and itsaward-winning company cultureatVenterra.com.Contact: Allie Foard Email: [emailprotected]SOURCE Venterra Realty Related Links http://venterraliving.com
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Venterra Realty Properties Ranked Top Rated In 2020 by ApartmentRatings.com For a ninth time, Venterra Realty earned Top Rated award recognition for stellar customer service
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HOUSTON, March 17, 2021 /PRNewswire/ --Venterra Realty has received the 2020 ApartmentRatings.com Top Rated Award. Venterra has a reputation of acquiring properties and turning them into Top Rated Communities within a year of ownership. Maintaining this high level of service during a pandemic is especially remarkable. 2020 ApartmentRatings.com Top Rated Award The annual ApartmentRatings.com award distinguishes the best apartment communities in the nation providing exceptional customer service. Only 5% of all U.S. properties listed on ApartmentRatings.com qualified for the award, making this a distinguished accomplishment for the Venterra portfolio. New to the 2020 awards, ApartmentRatings.com evaluated communities based on the epIQ Index. The epIQ Index (short for "Experience & Performance Intelligence Quotient) provides a grade on a community's performance based on four variables: Renter's Ratings, Response Rate, Review Volume, and Reply Time. To be eligible for the award, communities must earn an epIQ Index grade of at least A- and have at least five new reviews submitted in the current award year. "Resident satisfaction is a top priority for us. Receiving Top Rated recognition at such a large scale across our portfolio is not only reflective of how we conduct business and property management operations, but how our business is positively impacting the lives of those who call Venterra communities home," said Venterra CEO, John Foresi. "We thank our residents for always being open to providing productive feedback, as it allows for insight into what can be improved. We are pleased to see such positive reviews despite the challenges in this past year, and we look forward to continuing to deliver industry-leading experiences for our customers," added Andrew Stewart, Venterra Chairman. The complete list of the 2020 ApartmentRatings Top Rated Award winners can viewed here: https://www.apartmentratings.com/2020topratedawards/.About Venterra:Venterra Realty is a rapidly growing owner/operator of multifamily rental communities with more than 60properties across 11major US cities. They are committed to improving the lives of their residents by deliveringan industry-leading customer experience. More than 35,000people and 11,000pets call Venterra "home." Find out more about Venterra Realty and itsaward-winning company cultureatVenterra.com.Contact: Allie Foard Email: [emailprotected]SOURCE Venterra Realty Related Links http://venterraliving.com
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edtsum7055
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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: DALLAS, March 17, 2021 /PRNewswire/ --4WEB Medical, an orthopedic device company focused on developing innovative implants with an Advanced Structural Design utilizing its proprietary Truss Implant Technology, announced today that the company has received 510(k) clearance from the U.S. Food & Drug Administration to market its Lumbar Plating Solution (LSTS-PS). (PRNewsfoto/4WEB Medical) The new plating solution consists of a wide variety of modular plating configurations to address multiple lumbar spine pathologies and approaches. The device provides an integrated and non-integrated offering with a one, two and four screw option. The plate design also features a single-step locking mechanism to prevent screw backout. "Our continued commitment to new product development led to revenue growth in FY 2020 driven by the launch of the Stand Alone Cervical and ALIF product lines," said Jim Bruty, Sr. Vice President of Sales and Marketing. "The Lumbar Plating Solution will contribute significantly to 2021 top line growth by enabling surgeon customers to utilize the company's Truss Implant Technology in more advanced lateral procedures such as anterior longitudinal ligament release techniques." The latest addition to the 4WEB portfolio further demonstates the company's commitment to developing a comprehensive lateral spine program. The company currently has procedural-based solutions developed for Direct Lateral, Anterior-to-Psoas (ATP), and Prone Lateral approaches to the lumbar spine. The company also has dedicated resources for future development of a novel lateral deformity solution.4WEB expects to launch it's hyperlordotic lateral impant line and an Anterior-to-Psoas implant by the end of the year making the 4WEB Total Lateral Solution one of the most comprehensive offerings in the lateral spine space.About 4WEB Medical 4WEB Medical, founded in 2008 inDallas, TX, is an implant device company. Thirty years of research in topological dimension theory led to the discovery of a novel geometry, the 4WEB, that can be used as a building block to create high-strength, lightweight web structures. The company leveraged this breakthrough, along with cutting-edge 3D printing technology, to develop 4WEB Medical's proprietary truss implant platform. The 4WEB Medical product portfolio includes the Cervical Spine Truss System, the Anterior Spine Truss System, the Posterior Spine Truss System, the Lateral Spine Truss System, and the Osteotomy Truss System. 4WEB is actively developing truss implant designs for tumor, trauma, and patient-specific orthopedic procedures.SOURCE 4WEB Medical Related Links http://www.4webmedical.com
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4WEB Medical Receives 510(k) Clearance for its Lumbar Plating Solution New product launch bolsters lateral portfolio and sets company up for significant growth in 2021
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DALLAS, March 17, 2021 /PRNewswire/ --4WEB Medical, an orthopedic device company focused on developing innovative implants with an Advanced Structural Design utilizing its proprietary Truss Implant Technology, announced today that the company has received 510(k) clearance from the U.S. Food & Drug Administration to market its Lumbar Plating Solution (LSTS-PS). (PRNewsfoto/4WEB Medical) The new plating solution consists of a wide variety of modular plating configurations to address multiple lumbar spine pathologies and approaches. The device provides an integrated and non-integrated offering with a one, two and four screw option. The plate design also features a single-step locking mechanism to prevent screw backout. "Our continued commitment to new product development led to revenue growth in FY 2020 driven by the launch of the Stand Alone Cervical and ALIF product lines," said Jim Bruty, Sr. Vice President of Sales and Marketing. "The Lumbar Plating Solution will contribute significantly to 2021 top line growth by enabling surgeon customers to utilize the company's Truss Implant Technology in more advanced lateral procedures such as anterior longitudinal ligament release techniques." The latest addition to the 4WEB portfolio further demonstates the company's commitment to developing a comprehensive lateral spine program. The company currently has procedural-based solutions developed for Direct Lateral, Anterior-to-Psoas (ATP), and Prone Lateral approaches to the lumbar spine. The company also has dedicated resources for future development of a novel lateral deformity solution.4WEB expects to launch it's hyperlordotic lateral impant line and an Anterior-to-Psoas implant by the end of the year making the 4WEB Total Lateral Solution one of the most comprehensive offerings in the lateral spine space.About 4WEB Medical 4WEB Medical, founded in 2008 inDallas, TX, is an implant device company. Thirty years of research in topological dimension theory led to the discovery of a novel geometry, the 4WEB, that can be used as a building block to create high-strength, lightweight web structures. The company leveraged this breakthrough, along with cutting-edge 3D printing technology, to develop 4WEB Medical's proprietary truss implant platform. The 4WEB Medical product portfolio includes the Cervical Spine Truss System, the Anterior Spine Truss System, the Posterior Spine Truss System, the Lateral Spine Truss System, and the Osteotomy Truss System. 4WEB is actively developing truss implant designs for tumor, trauma, and patient-specific orthopedic procedures.SOURCE 4WEB Medical Related Links http://www.4webmedical.com
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edtsum7061
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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: SINGAPORE--(BUSINESS WIRE)--Infogain, a leading provider of Digital Platform solutions, announced it has been positioned as a Star Performer and Major Contender in Everest Groups Software Product Engineering Services PEAK Matrix Assessment 2021. Infogain is a pioneer in leveraging human-centred experience led by insights to drive co-innovation for leading product companies worldwide. In this third edition of the software product engineering-focused assessment, Everest Group evaluated 31 leading service providers. Infogain was evaluated across a wide range of criteria on the Everest Group PEAK Matrix that included: Inputs to the evaluation included reference interviews, case studies, and Everest Group-conducted buyer surveys. Ayan Mukerji, COO, Infogain, said, We are pleased to feature as a Star Performer and Major Contender in Everest Groups Software Product Engineering Services PEAK Matrix Assessment 2021. This validates our digital growth strategy of repositioning ourselves within our customer base. Our continued focus on Experience Design, Digital Platforms and Cloud Engineering enables us to target a wider buyer base within our accounts. Driving transformational business outcomes for our customers is what differentiates us from our competitors. Akshat Vaid, Vice President - Engineering Services Research, Everest Group, said, Infogain has elevated its positioning as a software product and platform engineering partner significantly, following three acquisitions aimed at enhancing specific capabilities, namely Silicus Technologies for cloud transformation, Revel Consulting for experience design and AbsolutData for data analytics and AI. This, coupled with Infogains deep focus on select industry domains and a legacy of digital platform engineering, make it a competent service provider in a highly competitive market. Customers acknowledge its expertise in experience design, cloud engineering in addition to deep domain expertise in industries such as travel, retail, and healthcare, as well as its cost competitiveness. Additionally, Infogains willingness to invest in building relationships and go the extra mile in serving beyond the scope has been well received by its customers, resulting in increasingly larger and strategic engagements. Everest Group is a consulting and research firm focused on strategic IT, business services and engineering services. To request the full report, contact Infogain here. About Infogain Infogain is a human-centered digital platform and software engineering company based out of Silicon Valley. We engineer business outcomes for Fortune 500 companies and digital natives in the technology, healthcare, insurance, travel, and retail industries using technologies such as cloud, microservices, automation, IoT, and artificial intelligence. We accelerate experience-led transformation in the delivery of digital platforms. Infogain is also a Microsoft (NASDAQ: MSFT) Gold Partner and Azure Expert Managed Services Provider (MSP). Infogain, a ChrysCapital portfolio company, has offices in California, Washington, Texas, the UK, the UAE and Singapore, with delivery centers in Seattle, Houston, Austin, Krakw, New Delhi, Mumbai, Pune, and Bengaluru. To learn more, visit www.infogain.com.
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Infogain Positioned as a Star Performer and Major Contender in Everest Groups Software Product Engineering Services PEAK Matrix Assessment 2021
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SINGAPORE--(BUSINESS WIRE)--Infogain, a leading provider of Digital Platform solutions, announced it has been positioned as a Star Performer and Major Contender in Everest Groups Software Product Engineering Services PEAK Matrix Assessment 2021. Infogain is a pioneer in leveraging human-centred experience led by insights to drive co-innovation for leading product companies worldwide. In this third edition of the software product engineering-focused assessment, Everest Group evaluated 31 leading service providers. Infogain was evaluated across a wide range of criteria on the Everest Group PEAK Matrix that included: Inputs to the evaluation included reference interviews, case studies, and Everest Group-conducted buyer surveys. Ayan Mukerji, COO, Infogain, said, We are pleased to feature as a Star Performer and Major Contender in Everest Groups Software Product Engineering Services PEAK Matrix Assessment 2021. This validates our digital growth strategy of repositioning ourselves within our customer base. Our continued focus on Experience Design, Digital Platforms and Cloud Engineering enables us to target a wider buyer base within our accounts. Driving transformational business outcomes for our customers is what differentiates us from our competitors. Akshat Vaid, Vice President - Engineering Services Research, Everest Group, said, Infogain has elevated its positioning as a software product and platform engineering partner significantly, following three acquisitions aimed at enhancing specific capabilities, namely Silicus Technologies for cloud transformation, Revel Consulting for experience design and AbsolutData for data analytics and AI. This, coupled with Infogains deep focus on select industry domains and a legacy of digital platform engineering, make it a competent service provider in a highly competitive market. Customers acknowledge its expertise in experience design, cloud engineering in addition to deep domain expertise in industries such as travel, retail, and healthcare, as well as its cost competitiveness. Additionally, Infogains willingness to invest in building relationships and go the extra mile in serving beyond the scope has been well received by its customers, resulting in increasingly larger and strategic engagements. Everest Group is a consulting and research firm focused on strategic IT, business services and engineering services. To request the full report, contact Infogain here. About Infogain Infogain is a human-centered digital platform and software engineering company based out of Silicon Valley. We engineer business outcomes for Fortune 500 companies and digital natives in the technology, healthcare, insurance, travel, and retail industries using technologies such as cloud, microservices, automation, IoT, and artificial intelligence. We accelerate experience-led transformation in the delivery of digital platforms. Infogain is also a Microsoft (NASDAQ: MSFT) Gold Partner and Azure Expert Managed Services Provider (MSP). Infogain, a ChrysCapital portfolio company, has offices in California, Washington, Texas, the UK, the UAE and Singapore, with delivery centers in Seattle, Houston, Austin, Krakw, New Delhi, Mumbai, Pune, and Bengaluru. To learn more, visit www.infogain.com.
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edtsum7064
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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: JERSEY CITY, N.J., Dec. 15, 2020 /PRNewswire/ --With weeks left in the year, the Tax Pros at Jackson Hewitt Tax Service created a list of year-end tax tips for the 2020 tax year. Taxpayers still have time to make financial moves that could increase their tax refund or reduce the amount of tax owed. "This year has been difficult for everyone and everyone's taxes have been impacted, too. The Jackson Hewitt team can explain the changes and we guarantee that our clients get the maximum tax refund they deserve," said Greg Macfarlane, Chief Executive Officer of Jackson Hewitt. "Millions of hardworking Americans trust Jackson Hewitt to do their taxes and we're here to help them through it." To help taxpayers prepare to file their 2020 tax returns, the Tax Pros at Jackson Hewitt are sharing their 12 top year-end tips: Home Office: Working from home doesn't guarantee a home office deduction. The home office deduction is only available to those who are self-employed. Stimulus: If a taxpayer received an Economic Impact Payment or stimulus check, they need to add their IRS Notice 1444 to the rest of their tax documents. If taxpayers threw away or lost their Notice 1444, taxpayers should look through their bank records to find the exact amount of stimulus money they received. Unemployment: Unemployment payments are taxable, and withholding is voluntary. Taxpayers must request the withholding on their unemployment payments. If taxpayers did not request the withholding, they will likely owe tax on the unemployment benefits they received. Some credits like the Earned Income Tax Credit or Child Tax Credit are based on earned income, but since unemployment pay is not considered earned income, this could impact certain credits that taxpayers are used to receiving. Planning Ahead: Taxpayers can do a payroll checkup, make an estimated payment to cover their taxes when they file if needed, and start getting their tax records/expenses together. Extra Time to Pay: The IRS has made it easier to pay taxes over time this year by allotting an extra 60 days (total of 180 days) for a short-term installment agreement. Payroll Taxes: Following an Executive Order issued in August 2020, some taxpayers may have had their "take-home" (meaning"net") pay increased due to their employers not collecting employee-side payroll taxes. This Order impactedtaxpayers earning under $104,000 and applied to payroll taxes from Sept. 1 to Dec. 31. But even though these taxes are not collected during this time, they must still be paid, and beginning in 2021,employers that were not collecting these taxes will start withholding additional payroll tax to pay back the 2020 taxes in additionto withholding 2021 payroll taxes. This could result in significant changes to an employee's regular take-home pay in 2021 compared with the end of 2020. Student Loans: If taxpayers with student debt payments paid all their principal after March 13, 2020, there may be little or no interest to deduct for the student loan interest deduction. Retirement contributions: Taxpayers can increase their retirement plan contribution through the end of the year. If taxpayers are able, they should consider investing in their future and putting extra money into their IRA or 401(k) accounts to maximize their allowable contributions. This is one of the easiest ways to decrease taxable income and create some self-generated tax breaks. Taxpayers have until April 2021 to contribute to an IRA to benefit their 2020 taxes. Charitable donations: Most taxpayers will get a charitable donation deduction for 2020! Make a list of any donations made this year and locate any receipts. Whether itemizing or taking the standards deduction, under the CARES Act, taxpayers may be eligible to deduct up to $300 worth of monetary donations to qualified organizations. Higher education: Taxpayers could pay their 2021 tuition early! Prepaying their early 2021 education expenses could count towards an education tax credit. Homeownership: Taxpayers can pay their January mortgage before the end of the year and it will count for this year's taxes. FSA: Taxpayers with a Flexible Spending Account have until the end of the year to spend the remainder of their account. Some plans allow a bit longer, but it's best to be safe and spend that money before year-end. For more year-end tax tips, watch the latest video in the Jackson Hewitt YouTube series "Tax File Minute: Answers from a Tax Insider," where Jackson Hewitt's Chief Tax Information Officer, Mark Steber, covers 10 year-end tax tips to help reduce taxes and boost tax refunds. About Jackson Hewitt Tax Service Inc.Jackson Hewitt Tax Service Inc. is an innovator in the tax industry, with a mission to provide its hard-working clients access to simple, low-cost solutions to manage their taxes and tax refunds. Jackson Hewitt is devoted to helping clients get ahead and stands behind its work with its Maximum Refund Guarantee2 and Lifetime Accuracy Guarantee1. Clients can choose to file at one of Jackson Hewitt's nearly 6,000 franchised and company-owned locations, including 3,000 in Walmart stores and online, making it easy and convenient for clients to file their taxes. For more information about products, services, and offers, or to locate a Jackson Hewitt office, visit www.jacksonhewitt.com or call 1 (800) 234-1040. 1Lifetime Accuracy Guarantee: If there is an error preparing your return, your local office will reimburse you for penalties and interest. You must notify us within 30 days of receiving initial notice from a taxing authority and provide necessary documents and/or assistance. Terms and conditions apply. Visit jacksonhewitt.com for details. Most offices are independently owned and operated. 2FEDERAL RETURNS ONLY. If you are entitled to a larger refund, we'll refund the tax preparation fees paid to us for that filed return (other product and service fees excluded) and give you an additional $100. Same tax facts must apply. You must file an amended return with another paid tax preparation company and/or online provider by April 15, 2021 and submit your claim no later than October 15, 2021 with proof that the IRS accepted the positions taken on the amended return. Terms and conditions apply. Visit jacksonhewitt.com for details. Most offices are independently owned and operated. SOURCE Jackson Hewitt Tax Service Inc.
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Jackson Hewitt Shares 12 Year-End Tax Tips for the 2020 Tax Year 2020 brings new watch-outs and tax breaks for taxpayers
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JERSEY CITY, N.J., Dec. 15, 2020 /PRNewswire/ --With weeks left in the year, the Tax Pros at Jackson Hewitt Tax Service created a list of year-end tax tips for the 2020 tax year. Taxpayers still have time to make financial moves that could increase their tax refund or reduce the amount of tax owed. "This year has been difficult for everyone and everyone's taxes have been impacted, too. The Jackson Hewitt team can explain the changes and we guarantee that our clients get the maximum tax refund they deserve," said Greg Macfarlane, Chief Executive Officer of Jackson Hewitt. "Millions of hardworking Americans trust Jackson Hewitt to do their taxes and we're here to help them through it." To help taxpayers prepare to file their 2020 tax returns, the Tax Pros at Jackson Hewitt are sharing their 12 top year-end tips: Home Office: Working from home doesn't guarantee a home office deduction. The home office deduction is only available to those who are self-employed. Stimulus: If a taxpayer received an Economic Impact Payment or stimulus check, they need to add their IRS Notice 1444 to the rest of their tax documents. If taxpayers threw away or lost their Notice 1444, taxpayers should look through their bank records to find the exact amount of stimulus money they received. Unemployment: Unemployment payments are taxable, and withholding is voluntary. Taxpayers must request the withholding on their unemployment payments. If taxpayers did not request the withholding, they will likely owe tax on the unemployment benefits they received. Some credits like the Earned Income Tax Credit or Child Tax Credit are based on earned income, but since unemployment pay is not considered earned income, this could impact certain credits that taxpayers are used to receiving. Planning Ahead: Taxpayers can do a payroll checkup, make an estimated payment to cover their taxes when they file if needed, and start getting their tax records/expenses together. Extra Time to Pay: The IRS has made it easier to pay taxes over time this year by allotting an extra 60 days (total of 180 days) for a short-term installment agreement. Payroll Taxes: Following an Executive Order issued in August 2020, some taxpayers may have had their "take-home" (meaning"net") pay increased due to their employers not collecting employee-side payroll taxes. This Order impactedtaxpayers earning under $104,000 and applied to payroll taxes from Sept. 1 to Dec. 31. But even though these taxes are not collected during this time, they must still be paid, and beginning in 2021,employers that were not collecting these taxes will start withholding additional payroll tax to pay back the 2020 taxes in additionto withholding 2021 payroll taxes. This could result in significant changes to an employee's regular take-home pay in 2021 compared with the end of 2020. Student Loans: If taxpayers with student debt payments paid all their principal after March 13, 2020, there may be little or no interest to deduct for the student loan interest deduction. Retirement contributions: Taxpayers can increase their retirement plan contribution through the end of the year. If taxpayers are able, they should consider investing in their future and putting extra money into their IRA or 401(k) accounts to maximize their allowable contributions. This is one of the easiest ways to decrease taxable income and create some self-generated tax breaks. Taxpayers have until April 2021 to contribute to an IRA to benefit their 2020 taxes. Charitable donations: Most taxpayers will get a charitable donation deduction for 2020! Make a list of any donations made this year and locate any receipts. Whether itemizing or taking the standards deduction, under the CARES Act, taxpayers may be eligible to deduct up to $300 worth of monetary donations to qualified organizations. Higher education: Taxpayers could pay their 2021 tuition early! Prepaying their early 2021 education expenses could count towards an education tax credit. Homeownership: Taxpayers can pay their January mortgage before the end of the year and it will count for this year's taxes. FSA: Taxpayers with a Flexible Spending Account have until the end of the year to spend the remainder of their account. Some plans allow a bit longer, but it's best to be safe and spend that money before year-end. For more year-end tax tips, watch the latest video in the Jackson Hewitt YouTube series "Tax File Minute: Answers from a Tax Insider," where Jackson Hewitt's Chief Tax Information Officer, Mark Steber, covers 10 year-end tax tips to help reduce taxes and boost tax refunds. About Jackson Hewitt Tax Service Inc.Jackson Hewitt Tax Service Inc. is an innovator in the tax industry, with a mission to provide its hard-working clients access to simple, low-cost solutions to manage their taxes and tax refunds. Jackson Hewitt is devoted to helping clients get ahead and stands behind its work with its Maximum Refund Guarantee2 and Lifetime Accuracy Guarantee1. Clients can choose to file at one of Jackson Hewitt's nearly 6,000 franchised and company-owned locations, including 3,000 in Walmart stores and online, making it easy and convenient for clients to file their taxes. For more information about products, services, and offers, or to locate a Jackson Hewitt office, visit www.jacksonhewitt.com or call 1 (800) 234-1040. 1Lifetime Accuracy Guarantee: If there is an error preparing your return, your local office will reimburse you for penalties and interest. You must notify us within 30 days of receiving initial notice from a taxing authority and provide necessary documents and/or assistance. Terms and conditions apply. Visit jacksonhewitt.com for details. Most offices are independently owned and operated. 2FEDERAL RETURNS ONLY. If you are entitled to a larger refund, we'll refund the tax preparation fees paid to us for that filed return (other product and service fees excluded) and give you an additional $100. Same tax facts must apply. You must file an amended return with another paid tax preparation company and/or online provider by April 15, 2021 and submit your claim no later than October 15, 2021 with proof that the IRS accepted the positions taken on the amended return. Terms and conditions apply. Visit jacksonhewitt.com for details. Most offices are independently owned and operated. SOURCE Jackson Hewitt Tax Service Inc.
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edtsum7065
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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: SOUTHLAKE, Texas, April 13, 2020 /PRNewswire/ -- Sabre Corporation ("Sabre") (Nasdaq: SABR) today announced thatits wholly-owned subsidiary Sabre GLBL Inc. ("Sabre GLBL") has priced private offerings of (1) $775,000,000 aggregate principal amount ofits 9.250% senior secured notesdue 2025(the "Secured Notes")and (2) $300,000,000 aggregate principal amount of its 4.000% senior exchangeable notes due 2025(the "Exchangeable Notes" and together with the Secured Notes, the "Notes"). Sabre GLBL has granted the initial purchasers of the Exchangeable Notes an option to purchase on or before April 26, 2020, up to an additional $45,000,000 aggregate principal amount of Exchangeable Notes. The Secured Notes will pay interest semi-annually in arrears, at a rate of 9.250%per year, andwill mature on April 15, 2025. The Secured Notes will be guaranteed by Sabre Holdings Corporation and each subsidiary that borrows under or guarantees Sabre GLBL's senior secured credit facility. The Secured Notes and the note guarantees will be secured, subject to permitted liens, by a first-priority security interest in substantially all present and hereafter acquired property and assets of Sabre GLBL and the guarantors(other than certain excluded assets). The Exchangeable Notes will be senior, unsecured obligations of Sabre GLBL, will accrue interest payable semi-annually in arrears, at a rate of 4.000%per year,and will mature on April 15, 2025, unless earlier repurchased or exchanged. The Exchangeable Noteswill be exchangeable at their holders' election, under specified circumstances, into consideration based on Sabre common stock. This consideration will consist of shares of Sabre common stock, cash, or a mixture of the two at Sabre GLBL's election. The initial exchange rate per $1,000 principal amount of Exchangeable Notes is 126.9499 shares of Sabre common stock, which is equivalent to an exchange price of approximately $7.88 per share, subject to adjustment in certain circumstances. Upon any future occurrence of a "fundamental change" (as defined in the indenture governing the Exchangeable Notes), holders may require Sabre GLBL to repurchase their Exchangeable Notes at a price equal toprincipal amountplus accrued and unpaid interest. The Exchangeable Notes will be guaranteed on a senior unsecured basis by Sabre and Sabre Holdings Corporation, a wholly-owned subsidiary of Sabre. The net proceeds from the salesof the Notes will be used for general corporate purposes. The Secured Notes and the related note guarantees wereoffered in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and to non-U.S. persons in accordance with Regulation S under the Securities Act. The Exchangeable Notes and the related note guarantees wereoffered to qualified institutional buyers pursuant to Rule 144A under the Securities Act.The Notes,the related note guarantees and any shares of common stock issuable upon exchange of the Exchangeable Notes have not been, and will not be,registered under the Securities Act or any state securities laws. The Notes,the related note guarantees and any such shares may not be offered or sold in the United States or to, or for the benefit of, U.S. persons absent registration under, or an applicable exemption from, the registration requirements of the Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other security and shall not constitute an offer, solicitation or sale in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful. Any offersof theNotes are beingmade only by means of a private offering circular.This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act. About Sabre Corporation Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers. The company provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveler experiences. Forward-Looking Statements Certain statements herein are forward-looking statements about trends, future events, uncertainties and our plans and expectations of what may happen in the future. Any statements that are not historical or current facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as "believe," "could," "likely," "expect," "plan," "commit," "guidance," "outlook," "anticipate," "will," "incremental," "preliminary," "forecast," "continue," "strategy," "confidence," "momentum," "estimate," "objective," "project," "may," "should," "would," "intend," "potential" or the negative of these terms or other comparable terminology. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Sabre's actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. More information about potential risks and uncertainties that could affect our business and results of operations is included in the "Risk Factors" and "Forward-Looking Statements" sections in our Annual Report on Form 10-K filed with the SEC on February 26, 2020, the Form 8-K filed with the SEC on April 13, 2020 and in our other filings with the SEC. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future events, outlook, guidance, results, actions, levels of activity, performance or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. Unless required by law, Sabre undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date they are made. SABR-F Contacts: MediaKristin Hays[emailprotected][emailprotected] InvestorsKevin Crissey[emailprotected][emailprotected] SOURCE Sabre Corporation
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Sabre Announces Upsizing and Pricing of Concurrent Secured and Exchangeable Notes Offerings
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SOUTHLAKE, Texas, April 13, 2020 /PRNewswire/ -- Sabre Corporation ("Sabre") (Nasdaq: SABR) today announced thatits wholly-owned subsidiary Sabre GLBL Inc. ("Sabre GLBL") has priced private offerings of (1) $775,000,000 aggregate principal amount ofits 9.250% senior secured notesdue 2025(the "Secured Notes")and (2) $300,000,000 aggregate principal amount of its 4.000% senior exchangeable notes due 2025(the "Exchangeable Notes" and together with the Secured Notes, the "Notes"). Sabre GLBL has granted the initial purchasers of the Exchangeable Notes an option to purchase on or before April 26, 2020, up to an additional $45,000,000 aggregate principal amount of Exchangeable Notes. The Secured Notes will pay interest semi-annually in arrears, at a rate of 9.250%per year, andwill mature on April 15, 2025. The Secured Notes will be guaranteed by Sabre Holdings Corporation and each subsidiary that borrows under or guarantees Sabre GLBL's senior secured credit facility. The Secured Notes and the note guarantees will be secured, subject to permitted liens, by a first-priority security interest in substantially all present and hereafter acquired property and assets of Sabre GLBL and the guarantors(other than certain excluded assets). The Exchangeable Notes will be senior, unsecured obligations of Sabre GLBL, will accrue interest payable semi-annually in arrears, at a rate of 4.000%per year,and will mature on April 15, 2025, unless earlier repurchased or exchanged. The Exchangeable Noteswill be exchangeable at their holders' election, under specified circumstances, into consideration based on Sabre common stock. This consideration will consist of shares of Sabre common stock, cash, or a mixture of the two at Sabre GLBL's election. The initial exchange rate per $1,000 principal amount of Exchangeable Notes is 126.9499 shares of Sabre common stock, which is equivalent to an exchange price of approximately $7.88 per share, subject to adjustment in certain circumstances. Upon any future occurrence of a "fundamental change" (as defined in the indenture governing the Exchangeable Notes), holders may require Sabre GLBL to repurchase their Exchangeable Notes at a price equal toprincipal amountplus accrued and unpaid interest. The Exchangeable Notes will be guaranteed on a senior unsecured basis by Sabre and Sabre Holdings Corporation, a wholly-owned subsidiary of Sabre. The net proceeds from the salesof the Notes will be used for general corporate purposes. The Secured Notes and the related note guarantees wereoffered in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and to non-U.S. persons in accordance with Regulation S under the Securities Act. The Exchangeable Notes and the related note guarantees wereoffered to qualified institutional buyers pursuant to Rule 144A under the Securities Act.The Notes,the related note guarantees and any shares of common stock issuable upon exchange of the Exchangeable Notes have not been, and will not be,registered under the Securities Act or any state securities laws. The Notes,the related note guarantees and any such shares may not be offered or sold in the United States or to, or for the benefit of, U.S. persons absent registration under, or an applicable exemption from, the registration requirements of the Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other security and shall not constitute an offer, solicitation or sale in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful. Any offersof theNotes are beingmade only by means of a private offering circular.This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act. About Sabre Corporation Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers. The company provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveler experiences. Forward-Looking Statements Certain statements herein are forward-looking statements about trends, future events, uncertainties and our plans and expectations of what may happen in the future. Any statements that are not historical or current facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as "believe," "could," "likely," "expect," "plan," "commit," "guidance," "outlook," "anticipate," "will," "incremental," "preliminary," "forecast," "continue," "strategy," "confidence," "momentum," "estimate," "objective," "project," "may," "should," "would," "intend," "potential" or the negative of these terms or other comparable terminology. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Sabre's actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. More information about potential risks and uncertainties that could affect our business and results of operations is included in the "Risk Factors" and "Forward-Looking Statements" sections in our Annual Report on Form 10-K filed with the SEC on February 26, 2020, the Form 8-K filed with the SEC on April 13, 2020 and in our other filings with the SEC. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future events, outlook, guidance, results, actions, levels of activity, performance or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. Unless required by law, Sabre undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date they are made. SABR-F Contacts: MediaKristin Hays[emailprotected][emailprotected] InvestorsKevin Crissey[emailprotected][emailprotected] SOURCE Sabre Corporation
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edtsum7068
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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: LITTLE FERRY, N.J.--(BUSINESS WIRE)--In cooperation with many of their foodservice partners, Major Products has donated enough chicken base to make over 1,000,000 bowls of soup. The recipients, chosen by Majors distributors, are soup kitchens and food pantries across America. "Food insecurity is an everyday problem for tens of thousands of our neighbors and friends, many times unseen, insists Dan DeRose, President of Major Products. In addition to the devastating health impacts of COVID-19, the economic impacts have been unprecedented for families across the country. Charities and social service organizations that provide meals to those facing hunger are stretched thin. Valerie Leimer, Chief Operating Officer, added, There is a strong desire amongst the foodservice community to be part of a solution. We felt moved to action by helping to provide 1,000,000 bowls of soup. Distributors will continue to deliver the products to their local soup kitchens, food banks and pantries, allowing these charities to get quality soup into the mouths of the people who need them most. Major Products is proud to have partnered with these distributors and salute the men and women who volunteer their time to help families in need. About Major Products Major is a third-generation, family-owned and operated manufacturer of Flavor Systems, Soup Bases, Gravies, Bouillon, and Sauce Mixes. Founded in 1951, they are headquartered in Little Ferry, New Jersey, with West Coast facilities located in Las Vegas, Nevada. Partnering with some of the largest distribution networks and contract manufacturers, Major services customers in all 50 states and internationally. Please visit http://www.majorproducts.com/ for more information.
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Major Products Donates Soup Base to Make Over One Million Bowls of Soup
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LITTLE FERRY, N.J.--(BUSINESS WIRE)--In cooperation with many of their foodservice partners, Major Products has donated enough chicken base to make over 1,000,000 bowls of soup. The recipients, chosen by Majors distributors, are soup kitchens and food pantries across America. "Food insecurity is an everyday problem for tens of thousands of our neighbors and friends, many times unseen, insists Dan DeRose, President of Major Products. In addition to the devastating health impacts of COVID-19, the economic impacts have been unprecedented for families across the country. Charities and social service organizations that provide meals to those facing hunger are stretched thin. Valerie Leimer, Chief Operating Officer, added, There is a strong desire amongst the foodservice community to be part of a solution. We felt moved to action by helping to provide 1,000,000 bowls of soup. Distributors will continue to deliver the products to their local soup kitchens, food banks and pantries, allowing these charities to get quality soup into the mouths of the people who need them most. Major Products is proud to have partnered with these distributors and salute the men and women who volunteer their time to help families in need. About Major Products Major is a third-generation, family-owned and operated manufacturer of Flavor Systems, Soup Bases, Gravies, Bouillon, and Sauce Mixes. Founded in 1951, they are headquartered in Little Ferry, New Jersey, with West Coast facilities located in Las Vegas, Nevada. Partnering with some of the largest distribution networks and contract manufacturers, Major services customers in all 50 states and internationally. Please visit http://www.majorproducts.com/ for more information.
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edtsum7072
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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)--Manhattan Scientifics Inc. (MHTX: OTCQB) provides a 45-minute interview with Imagion Biosystems Chairman/CEO Bob Proulx describing the very-early-cancer-diagnostic development that MHTX incubated and helped to go public on the Australian stock exchange: IMAGION BIOSYSTEMS LTD. Trades as IBX.AX. Manhattan Scientifics is the largest single shareholder with more than 50 million IBX shares. You can own it by buying MHTX shares. "If this works the way we think it's going to work, it will change medical practice." Listen to the interview here. CEO Bob Proulx describes how Imagion Biosystems medical imaging breakthrough technology addresses its super-early, comfortable, zero radiation cancer diagnostic expected to lead to human testing in the coming months. A Medical Imaging Breakthrough A new functional imaging method that holds the promise of being more sensitive and safer for detecting cancers and other critical diseases. Designated by the US FDA as a Breakthrough Device, MagSense technology will help transform cancer care. To view a short video of this imaging method, please follow this link: https://vimeo.com/294810655. About Manhattan Scientifics, Inc. Manhattan Scientifics Inc. (www.mhtx.com) is focused on technology transfer and commercialization of transformative technologies. Forward-looking statement This press release contains forward-looking statements, which are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. Management at Manhattan Scientifics believes that purchase of its shares should be considered to be at the high end of the risk spectrum. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements.
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Manhattan Scientifics Features Early Cancer Detection Technology A Medical Imaging Breakthrough. MagSense Technology Will Help Transform Cancer Care
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NEW YORK--(BUSINESS WIRE)--Manhattan Scientifics Inc. (MHTX: OTCQB) provides a 45-minute interview with Imagion Biosystems Chairman/CEO Bob Proulx describing the very-early-cancer-diagnostic development that MHTX incubated and helped to go public on the Australian stock exchange: IMAGION BIOSYSTEMS LTD. Trades as IBX.AX. Manhattan Scientifics is the largest single shareholder with more than 50 million IBX shares. You can own it by buying MHTX shares. "If this works the way we think it's going to work, it will change medical practice." Listen to the interview here. CEO Bob Proulx describes how Imagion Biosystems medical imaging breakthrough technology addresses its super-early, comfortable, zero radiation cancer diagnostic expected to lead to human testing in the coming months. A Medical Imaging Breakthrough A new functional imaging method that holds the promise of being more sensitive and safer for detecting cancers and other critical diseases. Designated by the US FDA as a Breakthrough Device, MagSense technology will help transform cancer care. To view a short video of this imaging method, please follow this link: https://vimeo.com/294810655. About Manhattan Scientifics, Inc. Manhattan Scientifics Inc. (www.mhtx.com) is focused on technology transfer and commercialization of transformative technologies. Forward-looking statement This press release contains forward-looking statements, which are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. Management at Manhattan Scientifics believes that purchase of its shares should be considered to be at the high end of the risk spectrum. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements.
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edtsum7081
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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: D-Link's IEC 62443-4-1 standard certification by TV Nord validates D-Link's secure product development and quality assurance TAIPEI, Jan. 13, 2021 /PRNewswire/ --D-Link today announced their official implementation of the IEC 62443-4-1 industry security standard, which was certified by internationally recognized certification organization TV NORD. From design and development to testing and implementation, D-Link develops all products with strict security processes integrated into the product life cycle. In order to further enhance product security, D-Link has adopted the IEC 62443-4-1 standard, Product Security Development Life-Cycle Requirements, which specifies process requirements for the secure development of products used in industrial automation and control systems, including the development environment, supply chain, and delivery process. The life-cycle includes the security requirements definition, design, implementation, verification and validation, management, and product end-of-life. "The networking industry has seen an exponential increase in the number of cyberattacks over the last decade," explained Mark Chen, President, D-Link. "This certification marks an important milestone in D-Link's ongoing commitment to data privacy and user security." Jack Yeh, VP of Greater China and General Manager of Taiwan, TV NORD, personally conducted the certification ceremony alongside attendees, the President and the Compliance Solutions Director of Onward Security. Onward Security is a leading security assessment solutions provider and D-Link's security consulting partner who has supported D-Link since 2015 with product security testing, establishing product safety development systems, as well as the IEC standard implementation. About D-Link D-Link is a global leader in connecting people, businesses, and cities with our computer networking solutions and technology. Our innovative products and services meet the needs of digital home consumers, small to medium sized businesses, enterprise environments, and service providers. D-Link implements and supports unified network solutions that integrate capabilities in switching, wireless, broadband, IP surveillance, and cloud-based network management. An award-winning designer, developer, and manufacturer for over 30 years, D-Link has grown from a group of friends in Taiwan into a global brand with over 2,000 employees in 60 countries. SOURCE D-Link Corporation
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D-Link Strengthens their Cyber Security with IEC 62443-4-1 International Security Standard Certification USA - English USA - English
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D-Link's IEC 62443-4-1 standard certification by TV Nord validates D-Link's secure product development and quality assurance TAIPEI, Jan. 13, 2021 /PRNewswire/ --D-Link today announced their official implementation of the IEC 62443-4-1 industry security standard, which was certified by internationally recognized certification organization TV NORD. From design and development to testing and implementation, D-Link develops all products with strict security processes integrated into the product life cycle. In order to further enhance product security, D-Link has adopted the IEC 62443-4-1 standard, Product Security Development Life-Cycle Requirements, which specifies process requirements for the secure development of products used in industrial automation and control systems, including the development environment, supply chain, and delivery process. The life-cycle includes the security requirements definition, design, implementation, verification and validation, management, and product end-of-life. "The networking industry has seen an exponential increase in the number of cyberattacks over the last decade," explained Mark Chen, President, D-Link. "This certification marks an important milestone in D-Link's ongoing commitment to data privacy and user security." Jack Yeh, VP of Greater China and General Manager of Taiwan, TV NORD, personally conducted the certification ceremony alongside attendees, the President and the Compliance Solutions Director of Onward Security. Onward Security is a leading security assessment solutions provider and D-Link's security consulting partner who has supported D-Link since 2015 with product security testing, establishing product safety development systems, as well as the IEC standard implementation. About D-Link D-Link is a global leader in connecting people, businesses, and cities with our computer networking solutions and technology. Our innovative products and services meet the needs of digital home consumers, small to medium sized businesses, enterprise environments, and service providers. D-Link implements and supports unified network solutions that integrate capabilities in switching, wireless, broadband, IP surveillance, and cloud-based network management. An award-winning designer, developer, and manufacturer for over 30 years, D-Link has grown from a group of friends in Taiwan into a global brand with over 2,000 employees in 60 countries. SOURCE D-Link Corporation
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edtsum7086
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, April 21, 2020 /PRNewswire/ --AIkido Pharma Inc. (Nasdaq: AIKI) ("AIkido" or the "Company") today announcedthat on April 13, 2020, the Company executed a Master License Agreement (the "License Agreement") with the University of Maryland, Baltimore ("UMB"). The License Agreement covers specific antiviral compounds discovered by UMB. The compounds seek to inhibit replication of multiple viruses, including Influenza virus, SARS-CoV, MERS-CoV, Ebolavirus and Marburg virus. The technology is covered by two patent applications already on file with the United States Patent and Trademark Office. The UMB inventors are Drs. Matthew Frieman, Alexander MacKerell and Stuart Watson. The Company has also executed a Sponsored Research Agreement with UMB to support the development of the technology. Mr. Anthony Hayes, CEO of AIkido, stated, "We are excited to move forward with this new antiviral platform. The pedigree of the inventors and the institution is first rate. We believe the doctors and UMB are both leaders in the field and are frequently cited in major publications discussing viruses generally, as well as COVID-19. We are proud to partner with them in this critical undertaking." Hayes continued, "We have also added significant depth to our board of directors. Our recent capital raise has positioned the Company to comfortably fund current operations and acquire new assets. Management believes that our new board members bring significant capital market and M&A experience, which we plan to leverage. While the world works to overcome the difficult challenges as a result of the pandemic, we at AIkido are excited to look to the future." About AIkido AIkido was initially formed in 1967 and is a biotechnology company with a diverse portfolio of small-molecule anti-cancer therapeutics. The Company's platform consists of patented technology from leading universities and researchers and we are currently in the process of developing an innovative therapeutic drug platform through strong partnerships with world renowned educational institutions, including The University of Texas at Austin and Wake Forest University. Our diverse pipeline of therapeutics includes therapies for pancreatic cancer, acute myeloid leukemia (AML) and acute lymphoblastic leukemia (ALL). In addition, we are constantly seeking to grow our pipeline to treat unmet medical needs in oncology Forward-Looking Statements Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law. Contact: Investor Relations: Hayden IR Brett Maas, Managing Partner Phone: (646) 536-7331 Email: [emailprotected] www.haydenir.com AIkido: Phone: 212-745-1373 Email: [emailprotected] www.AIkido.com SOURCE AIkido Pharma Inc. Related Links http://www.AIkido.com
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AIkido Pharma Executes Licensing Agreement with University of Maryland for Antiviral Compounds, Including COVID-19
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NEW YORK, April 21, 2020 /PRNewswire/ --AIkido Pharma Inc. (Nasdaq: AIKI) ("AIkido" or the "Company") today announcedthat on April 13, 2020, the Company executed a Master License Agreement (the "License Agreement") with the University of Maryland, Baltimore ("UMB"). The License Agreement covers specific antiviral compounds discovered by UMB. The compounds seek to inhibit replication of multiple viruses, including Influenza virus, SARS-CoV, MERS-CoV, Ebolavirus and Marburg virus. The technology is covered by two patent applications already on file with the United States Patent and Trademark Office. The UMB inventors are Drs. Matthew Frieman, Alexander MacKerell and Stuart Watson. The Company has also executed a Sponsored Research Agreement with UMB to support the development of the technology. Mr. Anthony Hayes, CEO of AIkido, stated, "We are excited to move forward with this new antiviral platform. The pedigree of the inventors and the institution is first rate. We believe the doctors and UMB are both leaders in the field and are frequently cited in major publications discussing viruses generally, as well as COVID-19. We are proud to partner with them in this critical undertaking." Hayes continued, "We have also added significant depth to our board of directors. Our recent capital raise has positioned the Company to comfortably fund current operations and acquire new assets. Management believes that our new board members bring significant capital market and M&A experience, which we plan to leverage. While the world works to overcome the difficult challenges as a result of the pandemic, we at AIkido are excited to look to the future." About AIkido AIkido was initially formed in 1967 and is a biotechnology company with a diverse portfolio of small-molecule anti-cancer therapeutics. The Company's platform consists of patented technology from leading universities and researchers and we are currently in the process of developing an innovative therapeutic drug platform through strong partnerships with world renowned educational institutions, including The University of Texas at Austin and Wake Forest University. Our diverse pipeline of therapeutics includes therapies for pancreatic cancer, acute myeloid leukemia (AML) and acute lymphoblastic leukemia (ALL). In addition, we are constantly seeking to grow our pipeline to treat unmet medical needs in oncology Forward-Looking Statements Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law. Contact: Investor Relations: Hayden IR Brett Maas, Managing Partner Phone: (646) 536-7331 Email: [emailprotected] www.haydenir.com AIkido: Phone: 212-745-1373 Email: [emailprotected] www.AIkido.com SOURCE AIkido Pharma Inc. Related Links http://www.AIkido.com
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edtsum7096
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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 16, 2020 /PRNewswire/ -- The "Global Multiplex Assays (Molecular Multiplexing) Market: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)" report has been added to ResearchAndMarkets.com's offering. The global multiplex assays market is expected to reach US$ 4.87 billion in 2024, increasing at a CAGR of 7.18%, for the duration spanning 2020-2024. The factors such as increasing prevalence of HIV, rising incidences of cancer cases, increasing medical technology R&D spending, growth in geriatric population, upsurge in healthcare expenditures, the rise of multiplex immunoassays in drug discovery and escalating adoption of companion diagnostics would drive the growth of the market. However, the market growth would be challenged by the dearth of skilled professionals, high investment capital for multiplex assays and stringent government regulations. A few notable trends may include accelerating growth rates of infectious diseases, growth in pharmaceutical and biotech merger & acquisition, monitoring of biosimilar in autoimmune diseases and demand for multiplexed point-of-care tests (xPOCT). The global multiplex assays market has been segmented into consumables, instruments and software, based on product type. Consumables dominate the market owing to the increase in the number of testing procedures, performed across research institutes, clinical labs and others. Instruments and software have also held considerable shares in the global market owing to the technological advancement and product innovation, which have eased the entire process of medical research. The fastest-growing regional market is North America, due to the consistent growth in the M&A between the pharmaceutical and biotechnological companies, which have led to the expansion of the research field in the healthcare sector. Further, the sudden outbreak of COVID-19 is causing an adverse disruption in the global population, augmenting the need for precise diagnostic as well as a therapeutic option, which is expected to drive the growth of the global multiplex assays market during the forecasted period. Scope of the Report The report provides a comprehensive analysis of the global multiplex assays market. The major regional markets (North America, Asia-Pacific, Europe, Latin America and Middle East & Africa) have been analyzed. The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth. The competitive landscape of the market, along with the company profiles of leading players (Thermo Fisher Scientific, Becton, Dickson and Company (BD), bioMerieux, Bio-Rad Laboratories, Qiagen and Luminex Corporation) are also presented in detail. Key Topics Covered 1. Overview1.1 Introduction1.2 Difference Between Traditional Assay and Multiplex Assay1.3 Determinants of Successful Molecular Multiplexing 1.4 Multiplexing Platforms1.5 The Future of Multiplex Assays 2. Impact of COVID-192.1 Rise in Number of COVID-19 Test2.2 Growth in Government Spending on Healthcare2.3 Rise in Adoption of Artificial Intelligence in Healthcare 2.4 Regional Impact 3. Global Market Analysis3.1 Global Multiplex Assays Market by Value3.2 Global Multiplex Assays Market Forecast by Value 3.3 Global Multiplex Assays Market by Product3.3.1 Global Multiplex Assays Consumables Market by Value 3.3.2 Global Multiplex Assays Consumables Market Forecast by Value 3.3.3 Global Multiplex Assays Instruments Market by Value 3.3.4 Global Multiplex Assays Instruments Market Forecast by Value 3.3.5 Global Multiplex Assays Software Market by Value 3.3.6 Global Multiplex Assays Software Market Forecast by Value 3.4 Global Multiplex Assays Market by Application3.4.1 Global Multiplex Assays Research & Development Market by Value 3.4.2 Global Multiplex Assays Research & Development Market Forecast by Value 3.4.3 Global Multiplex Assays Clinical Diagnostics Market by Value 3.4.4 Global Multiplex Assays Clinical Diagnostics Market Forecast by Value 3.4.5 Global Multiplex Assays Companion Diagnostics Market by Value 3.4.6 Global Multiplex Assays Companion Diagnostics Market Forecast by Value 3.5 Global Multiplex Assays Market by End-Users3.5.1 Global P&B Companies Multiplex Assays Market by Value 3.5.2 Global P&B Companies Multiplex Assays Market Forecast by Value 3.5.3 Global Research Institutes Multiplex Assays Market by Value 3.5.4 Global Research Institutes Multiplex Assays Market Forecast by Value 3.5.5 Global Clinical Labs Multiplex Assays Market by Value 3.5.6 Global Clinical Labs Multiplex Assays Market Forecast by Value 3.5.7 Global Hospital Multiplex Assays Market by Value 3.5.8 Global Hospital Multiplex Assays Market Forecast by Value 3.6 Global Multiplex Assays Market by Region 4. Regional Market Analysis4.1 North America4.1.1 North America Multiplex Assays Market by Value 4.1.2 North America Multiplex Assays Market Forecast by Value 4.2 Asia-Pacific4.3 Europe4.4 Latin America4.5 Middle East & Africa 5. Market Dynamics5.1 Growth Drivers5.1.1 Increasing Prevalence of HIV Infections5.1.2 Rising Incidences of New Cancer Cases 5.1.3 Increasing Medical Technology R&D Spending 5.1.4 Growth in Geriatric Population5.1.5 Upsurge in Healthcare Expenditures5.1.6 Rise of Multiplex Immunoassays in Drug Discovery5.1.7 Escalating Adoption of Companion Diagnostics 5.2 Key Trends and Developments5.2.1 Accelerating Growth Rates of Infectious Diseases5.2.2 Growth in Pharmaceutical and Biotech Merger & Acquisition5.2.3 Monitoring of Biosimilar in Autoimmune Diseases5.2.4 Demand for Multiplexed Point-of-Care Tests (xPOCT)5.3 Challenges5.3.1 Dearth of Skilled Professionals5.3.2 High Investment Capital for Multiplex Assays 5.3.3 Stringent Government Regulations 6. Competitive Landscape6.1 Global Market 6.1.1 Key Players - Revenue Comparison 6.1.2 Key Players - R&D Expenditure Comparison6.1.3 Key Players - Market Capitalization Comparison 7. Company Profiles7.1 Thermo Fisher Scientific7.1.1 Financial Overview7.1.2 Financial Overview7.1.3 Business Strategies7.2 Becton, Dickinson and Company (BD)7.3 bioMerieux7.4 Bio-Rad Laboratories7.5 Qiagen7.6 Luminex Corporation For more information about this report visit https://www.researchandmarkets.com/r/5318ex 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:
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Global Multiplex Assays (Molecular Multiplexing) Market: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)
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DUBLIN, July 16, 2020 /PRNewswire/ -- The "Global Multiplex Assays (Molecular Multiplexing) Market: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)" report has been added to ResearchAndMarkets.com's offering. The global multiplex assays market is expected to reach US$ 4.87 billion in 2024, increasing at a CAGR of 7.18%, for the duration spanning 2020-2024. The factors such as increasing prevalence of HIV, rising incidences of cancer cases, increasing medical technology R&D spending, growth in geriatric population, upsurge in healthcare expenditures, the rise of multiplex immunoassays in drug discovery and escalating adoption of companion diagnostics would drive the growth of the market. However, the market growth would be challenged by the dearth of skilled professionals, high investment capital for multiplex assays and stringent government regulations. A few notable trends may include accelerating growth rates of infectious diseases, growth in pharmaceutical and biotech merger & acquisition, monitoring of biosimilar in autoimmune diseases and demand for multiplexed point-of-care tests (xPOCT). The global multiplex assays market has been segmented into consumables, instruments and software, based on product type. Consumables dominate the market owing to the increase in the number of testing procedures, performed across research institutes, clinical labs and others. Instruments and software have also held considerable shares in the global market owing to the technological advancement and product innovation, which have eased the entire process of medical research. The fastest-growing regional market is North America, due to the consistent growth in the M&A between the pharmaceutical and biotechnological companies, which have led to the expansion of the research field in the healthcare sector. Further, the sudden outbreak of COVID-19 is causing an adverse disruption in the global population, augmenting the need for precise diagnostic as well as a therapeutic option, which is expected to drive the growth of the global multiplex assays market during the forecasted period. Scope of the Report The report provides a comprehensive analysis of the global multiplex assays market. The major regional markets (North America, Asia-Pacific, Europe, Latin America and Middle East & Africa) have been analyzed. The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth. The competitive landscape of the market, along with the company profiles of leading players (Thermo Fisher Scientific, Becton, Dickson and Company (BD), bioMerieux, Bio-Rad Laboratories, Qiagen and Luminex Corporation) are also presented in detail. Key Topics Covered 1. Overview1.1 Introduction1.2 Difference Between Traditional Assay and Multiplex Assay1.3 Determinants of Successful Molecular Multiplexing 1.4 Multiplexing Platforms1.5 The Future of Multiplex Assays 2. Impact of COVID-192.1 Rise in Number of COVID-19 Test2.2 Growth in Government Spending on Healthcare2.3 Rise in Adoption of Artificial Intelligence in Healthcare 2.4 Regional Impact 3. Global Market Analysis3.1 Global Multiplex Assays Market by Value3.2 Global Multiplex Assays Market Forecast by Value 3.3 Global Multiplex Assays Market by Product3.3.1 Global Multiplex Assays Consumables Market by Value 3.3.2 Global Multiplex Assays Consumables Market Forecast by Value 3.3.3 Global Multiplex Assays Instruments Market by Value 3.3.4 Global Multiplex Assays Instruments Market Forecast by Value 3.3.5 Global Multiplex Assays Software Market by Value 3.3.6 Global Multiplex Assays Software Market Forecast by Value 3.4 Global Multiplex Assays Market by Application3.4.1 Global Multiplex Assays Research & Development Market by Value 3.4.2 Global Multiplex Assays Research & Development Market Forecast by Value 3.4.3 Global Multiplex Assays Clinical Diagnostics Market by Value 3.4.4 Global Multiplex Assays Clinical Diagnostics Market Forecast by Value 3.4.5 Global Multiplex Assays Companion Diagnostics Market by Value 3.4.6 Global Multiplex Assays Companion Diagnostics Market Forecast by Value 3.5 Global Multiplex Assays Market by End-Users3.5.1 Global P&B Companies Multiplex Assays Market by Value 3.5.2 Global P&B Companies Multiplex Assays Market Forecast by Value 3.5.3 Global Research Institutes Multiplex Assays Market by Value 3.5.4 Global Research Institutes Multiplex Assays Market Forecast by Value 3.5.5 Global Clinical Labs Multiplex Assays Market by Value 3.5.6 Global Clinical Labs Multiplex Assays Market Forecast by Value 3.5.7 Global Hospital Multiplex Assays Market by Value 3.5.8 Global Hospital Multiplex Assays Market Forecast by Value 3.6 Global Multiplex Assays Market by Region 4. Regional Market Analysis4.1 North America4.1.1 North America Multiplex Assays Market by Value 4.1.2 North America Multiplex Assays Market Forecast by Value 4.2 Asia-Pacific4.3 Europe4.4 Latin America4.5 Middle East & Africa 5. Market Dynamics5.1 Growth Drivers5.1.1 Increasing Prevalence of HIV Infections5.1.2 Rising Incidences of New Cancer Cases 5.1.3 Increasing Medical Technology R&D Spending 5.1.4 Growth in Geriatric Population5.1.5 Upsurge in Healthcare Expenditures5.1.6 Rise of Multiplex Immunoassays in Drug Discovery5.1.7 Escalating Adoption of Companion Diagnostics 5.2 Key Trends and Developments5.2.1 Accelerating Growth Rates of Infectious Diseases5.2.2 Growth in Pharmaceutical and Biotech Merger & Acquisition5.2.3 Monitoring of Biosimilar in Autoimmune Diseases5.2.4 Demand for Multiplexed Point-of-Care Tests (xPOCT)5.3 Challenges5.3.1 Dearth of Skilled Professionals5.3.2 High Investment Capital for Multiplex Assays 5.3.3 Stringent Government Regulations 6. Competitive Landscape6.1 Global Market 6.1.1 Key Players - Revenue Comparison 6.1.2 Key Players - R&D Expenditure Comparison6.1.3 Key Players - Market Capitalization Comparison 7. Company Profiles7.1 Thermo Fisher Scientific7.1.1 Financial Overview7.1.2 Financial Overview7.1.3 Business Strategies7.2 Becton, Dickinson and Company (BD)7.3 bioMerieux7.4 Bio-Rad Laboratories7.5 Qiagen7.6 Luminex Corporation For more information about this report visit https://www.researchandmarkets.com/r/5318ex 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
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edtsum7105
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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: FREMONT, Calif., March 18, 2020 /PRNewswire/ --Jackery, the leader of innovative portable power and outdoor energy solutions, has announced the "Jackery Explorer Day" and launched the newest Explorer 1000 portable power station on the market."Jackery Explorer Day" is announced to release the newest Explorer model on the third Wednesday of March every year from 2020. So today, Jackery launches the new Explorer 1000on the first "Jackery Explorer Day" and encourages more people can go outdoors and explore the nature. Jackery Announces "Jackery Explorer Day" and Launches Explore 1000 Portable Power Station On the Market The Jackery Explorer Series is a range of rechargeable lithium portable power supplies with AC outlet, DC and USB ports. The newest Explorer 1000 is the biggest Explorer, with 1000W rated power (2000W surge power), 1002Wh capacity, and multiple output charge/recharge ports, it meets the power supply needs of higher and most power electrical appliances. Product FeaturesHigher wattage, larger capacity: JackeryExplorer 1000 is a 1002Wh power station, carries a 1000W pure sine wave inverter with a surge capacity of 2000 watts. You could use the device to power up higher power electronic appliances quite comfortably.3 standard AC outlets and 5 DC ports: Multiple output port for mostappliance charging. Jackery Explore 1000 features three standard AC sockets (with pure sine wave), dual USB-C ports, two USB-A ports, and one 12V carport. You could use the device to power up a number of appliances simultaneously and quite efficiently.Solar fasting-charging MPPT technology: Solar fasting-charging MPPT technology for the efficient and green outdoor power demand. With MTTP technology, Jackery Explore 1000 can be fully charged by connecting two SolarSaga 100Ws for around 8 hours to keep charged and connected even off the grid.Product Availability and PriceThe Explorer 1000 is currently available to USA consumers for $999.99. Good news is the customers can get an early bird discount $200 off at Amazon.com and Jackery.com. Add 2SP + 1E1000 to the cart and enter code VYSD6DZE to save $300 (Reg. $1499.97). Add 1 E1000 to the cart and enter code O9MVAAFE to save $200 (Reg. $999.99).About JackeryJackery was founded by a former Apple battery engineer in Silicon Valley in 2012. With state-of-the-art R&D and manufacturing expertise, Jackery launched the world's first Lithium Portable Power Station in 2015. As an industry leader in eco-friendly portable power. Jackery specializes in providing outdoor green power solutions for the explorers.Website: www.jackery.comSOURCE Jackery Inc. Related Links http://www.jackery.com
Answer:
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Jackery Announces "Jackery Explorer Day" and Launches Explore 1000 Portable Power Station on the Market
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FREMONT, Calif., March 18, 2020 /PRNewswire/ --Jackery, the leader of innovative portable power and outdoor energy solutions, has announced the "Jackery Explorer Day" and launched the newest Explorer 1000 portable power station on the market."Jackery Explorer Day" is announced to release the newest Explorer model on the third Wednesday of March every year from 2020. So today, Jackery launches the new Explorer 1000on the first "Jackery Explorer Day" and encourages more people can go outdoors and explore the nature. Jackery Announces "Jackery Explorer Day" and Launches Explore 1000 Portable Power Station On the Market The Jackery Explorer Series is a range of rechargeable lithium portable power supplies with AC outlet, DC and USB ports. The newest Explorer 1000 is the biggest Explorer, with 1000W rated power (2000W surge power), 1002Wh capacity, and multiple output charge/recharge ports, it meets the power supply needs of higher and most power electrical appliances. Product FeaturesHigher wattage, larger capacity: JackeryExplorer 1000 is a 1002Wh power station, carries a 1000W pure sine wave inverter with a surge capacity of 2000 watts. You could use the device to power up higher power electronic appliances quite comfortably.3 standard AC outlets and 5 DC ports: Multiple output port for mostappliance charging. Jackery Explore 1000 features three standard AC sockets (with pure sine wave), dual USB-C ports, two USB-A ports, and one 12V carport. You could use the device to power up a number of appliances simultaneously and quite efficiently.Solar fasting-charging MPPT technology: Solar fasting-charging MPPT technology for the efficient and green outdoor power demand. With MTTP technology, Jackery Explore 1000 can be fully charged by connecting two SolarSaga 100Ws for around 8 hours to keep charged and connected even off the grid.Product Availability and PriceThe Explorer 1000 is currently available to USA consumers for $999.99. Good news is the customers can get an early bird discount $200 off at Amazon.com and Jackery.com. Add 2SP + 1E1000 to the cart and enter code VYSD6DZE to save $300 (Reg. $1499.97). Add 1 E1000 to the cart and enter code O9MVAAFE to save $200 (Reg. $999.99).About JackeryJackery was founded by a former Apple battery engineer in Silicon Valley in 2012. With state-of-the-art R&D and manufacturing expertise, Jackery launched the world's first Lithium Portable Power Station in 2015. As an industry leader in eco-friendly portable power. Jackery specializes in providing outdoor green power solutions for the explorers.Website: www.jackery.comSOURCE Jackery Inc. Related Links http://www.jackery.com
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edtsum7110
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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: LEHI, Utah--(BUSINESS WIRE)--Gabb Wireless, the first and largest company to provide a safe cellular network and phones designed for kids, announced this week it has closed a $14 million round of funding. The Series A round was led by Sandlot Partners and New Orleans Saints quarterback, Taysom Hill. Sandlot Partners is investing and partnering with Gabb Wireless not only because of its impressive growth and positioning to lead the $30 billion smart phones for kids market, but also because it is providing solutions to address the extremely important screen time addiction problem in our society, said Dave Jensen, Managing Partner of Sandlot Partners. Gabb is on a mission to provide kids a safe first phone with no internet, social media or games protecting them against internet dangers, inappropriate content and screen-time addiction. The average tween spends four to seven hours per day in front of a screen. Excessive screen time and social media are directly contributing to the rise in anxiety, depression, suicide and sexual abuse among adolescents. As an investor, Gabb checked all the boxes with its impressive growth, founding team and total addressable market, said Taysom Hill, standout quarterback for the Saints and BYU. But so much more than that for me is the emotional side of the investment. I love the idea that we can help build something to help save kids in an area that has so much need and demand. My wife Emily and I try to be pretty selective of who we tie our brand to, and when considering the chance to invest and partner with Gabb, it was a no-brainer for us and something that we are extremely excited about. Were excited to announce our partnership with Sandlot Partners and Taysom Hill, who share our passion to drive impact and provide solutions to the growing screen addiction among adolescents, said Stephen Dalby, Gabb Founder & CEO. Sandlot has a strong track record of fueling growth and adding value to their portfolio companies. Taysoms accomplishments as a BYU and Saints quarterback are well documented, and hes also very impressive off the field and will be a great brand ambassador for the younger demographic Gabb is targeting. Gabb will use the proceeds from the Series A financing to accelerate efforts to provide safe phones for kids and expand its product lines, increasing Gabbs total addressable market with these safe alternatives for parents of kids ages five to 15. Cooley, LLP and VLP Law Group provided legal services for this transaction. About Gabb Wireless Founded in 2018, Gabb Wireless is a rapidly growing cellular network company that provides safe technology for kids. Gabbs products are the only safe offerings in the phones-for-kids niche, filling a clear gap in the market by targeting an underserved demographic. With a mission to solve the growing screen-time addiction among adolescents, Gabb creates the safest technology for kids. As kids grow, Gabb offers age-appropriate products that keep families connected, give kids freedom and provide parents peace of mind. With a price point of under $100, Gabb phones are an affordable choice for a kids first phone. Learn more at www.gabbwireless.com. About Sandlot Partners Sandlot Partners is an independent private investment firm that partners with exceptional management owners and founders who believe in the long-term potential of their businesses. To help maximize growth potential, Sandlot provides them with growth capital, strategic guidance, and partial liquidity. Leveraging their network of founders and operators, Sandlot identifies, structures, and offers up strong risk-adjusted private investment opportunities. Sandlot investors include family offices, strategic individuals and like-minded institutions that seek strong alignment and provide patient capital.
Answer:
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Gabb Wireless Raises $14M Series A Funding Led by Sandlot Partners, Taysom Hill Fresh off a year of 471% growth, Gabb Wireless will use the $14M in funding to accelerate its efforts to bring safe phones to kids and expand its product offering.
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LEHI, Utah--(BUSINESS WIRE)--Gabb Wireless, the first and largest company to provide a safe cellular network and phones designed for kids, announced this week it has closed a $14 million round of funding. The Series A round was led by Sandlot Partners and New Orleans Saints quarterback, Taysom Hill. Sandlot Partners is investing and partnering with Gabb Wireless not only because of its impressive growth and positioning to lead the $30 billion smart phones for kids market, but also because it is providing solutions to address the extremely important screen time addiction problem in our society, said Dave Jensen, Managing Partner of Sandlot Partners. Gabb is on a mission to provide kids a safe first phone with no internet, social media or games protecting them against internet dangers, inappropriate content and screen-time addiction. The average tween spends four to seven hours per day in front of a screen. Excessive screen time and social media are directly contributing to the rise in anxiety, depression, suicide and sexual abuse among adolescents. As an investor, Gabb checked all the boxes with its impressive growth, founding team and total addressable market, said Taysom Hill, standout quarterback for the Saints and BYU. But so much more than that for me is the emotional side of the investment. I love the idea that we can help build something to help save kids in an area that has so much need and demand. My wife Emily and I try to be pretty selective of who we tie our brand to, and when considering the chance to invest and partner with Gabb, it was a no-brainer for us and something that we are extremely excited about. Were excited to announce our partnership with Sandlot Partners and Taysom Hill, who share our passion to drive impact and provide solutions to the growing screen addiction among adolescents, said Stephen Dalby, Gabb Founder & CEO. Sandlot has a strong track record of fueling growth and adding value to their portfolio companies. Taysoms accomplishments as a BYU and Saints quarterback are well documented, and hes also very impressive off the field and will be a great brand ambassador for the younger demographic Gabb is targeting. Gabb will use the proceeds from the Series A financing to accelerate efforts to provide safe phones for kids and expand its product lines, increasing Gabbs total addressable market with these safe alternatives for parents of kids ages five to 15. Cooley, LLP and VLP Law Group provided legal services for this transaction. About Gabb Wireless Founded in 2018, Gabb Wireless is a rapidly growing cellular network company that provides safe technology for kids. Gabbs products are the only safe offerings in the phones-for-kids niche, filling a clear gap in the market by targeting an underserved demographic. With a mission to solve the growing screen-time addiction among adolescents, Gabb creates the safest technology for kids. As kids grow, Gabb offers age-appropriate products that keep families connected, give kids freedom and provide parents peace of mind. With a price point of under $100, Gabb phones are an affordable choice for a kids first phone. Learn more at www.gabbwireless.com. About Sandlot Partners Sandlot Partners is an independent private investment firm that partners with exceptional management owners and founders who believe in the long-term potential of their businesses. To help maximize growth potential, Sandlot provides them with growth capital, strategic guidance, and partial liquidity. Leveraging their network of founders and operators, Sandlot identifies, structures, and offers up strong risk-adjusted private investment opportunities. Sandlot investors include family offices, strategic individuals and like-minded institutions that seek strong alignment and provide patient capital.
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edtsum7111
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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: AUGUSTA, Ga., April 29, 2021 /PRNewswire/ -- The team behind Golf's best podcast for daily fantasy analysis, legal sports betting, and related interviews, have entered the NFT Arena. The Tour Junkies, with over 3 million downloads, have created PAR INFINITY, their very first NFT, as a tribute to their fans and to honor their 6-year-run inside the podcasting ropes. The Tour Junkies have consistently brought fresh, new content to their expanding fan base; and the BOME Collection is a perfect example of how TJ continues to expand their digital media offerings. Continue Reading The "BOME Collection", First Edition NFT "Par Infinity" All Tour Junkies' NFTs will be called BOMES, a tribute to their fans who subscribe to all things fantastically awesome. There will never be more than 18 BOMES created in a calendar year, as homage to the 18 Holes on a golf course. Some BOMES will be incredibly rare one-of-one items, others may have many editions of the asset, but there will never be more than 72 editions or total NFTs minted annually. Just like par on Augusta National, or the number of holes at each golf tournament. The first NFT in the Tour Junkies' BOME Collection is titled PAR INFINITY. This digital graphic showcases the hosts, David & Pat, as they embark on a new digital journey with their trusty pal Goalby. You can view and bid on the piece on the OpenSea Tour Junkies Collection Page which can be found by visiting TourJunkies.com/NFT. The buyer of this BOME will receive an NFT on the blockchain that will prove their ownership and a physical package with an instant-on digital screen displaying the MP4 digital image. The Tour Junkies partnership with The Props Network helped spearhead this new digital endeavor and both parties are excited to announce new BOMES in the coming weeks and months.ABOUT THE TOUR JUNKIESFounded by the Augusta, GA natives David Barnett + Pat Perry in September 2015, The Tour Junkies Podcast has a worldwide audience across multiple podcasting platforms exemplified by the shows over 3MM downloads since inception.The Tour Junkies network has since expanded beyond the podcast to include their highly trafficked TourJunkies.com blog, "The Chalk Bomb" weekly newsletter, merchandise sales, and the subscription-based members only "Goalby's Nut Hut". Tour Junkies have received vendor licensing in numerous legal US sports betting jurisdictions and have already established marketing partnerships with some of the biggest legal US betting operators. The host duo is known for their comedic candor while outputting detailed research, betting analysis, and insider access to PGA Golf's greatest talents and celebrity enthusiasts.ABOUT THE PROPS NETWORKFounded by Gaming & Television Industry experts; this gambling media company provides premier content to its users and catered business solutions for the biggest names in gaming. The Props Network roster of award-winning content creators and influencers is rapidly expanding as they offer a streamlined route to monetization. Their industry expertise has helped businesses secure streaming and data rights for betting purposes; produce & distribute live professional sports; and create custom content.CONTACT INFORMATION: The Props Network Kyle Piasecki+1-908-376-8646 [emailprotected] SOURCE The Props Network
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The Tour Junkies, Hit Golf Podcasters, Launch Official NFT Collection Top Ranked Daily Fantasy Golf and Betting Podcasters, 'The Tour Junkies' in Partnership with The Props Network Launching Official 'Tour Junkies' NFT Series, the 'BOME Collection', with Their First Edition Titled "Par Infinity"
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AUGUSTA, Ga., April 29, 2021 /PRNewswire/ -- The team behind Golf's best podcast for daily fantasy analysis, legal sports betting, and related interviews, have entered the NFT Arena. The Tour Junkies, with over 3 million downloads, have created PAR INFINITY, their very first NFT, as a tribute to their fans and to honor their 6-year-run inside the podcasting ropes. The Tour Junkies have consistently brought fresh, new content to their expanding fan base; and the BOME Collection is a perfect example of how TJ continues to expand their digital media offerings. Continue Reading The "BOME Collection", First Edition NFT "Par Infinity" All Tour Junkies' NFTs will be called BOMES, a tribute to their fans who subscribe to all things fantastically awesome. There will never be more than 18 BOMES created in a calendar year, as homage to the 18 Holes on a golf course. Some BOMES will be incredibly rare one-of-one items, others may have many editions of the asset, but there will never be more than 72 editions or total NFTs minted annually. Just like par on Augusta National, or the number of holes at each golf tournament. The first NFT in the Tour Junkies' BOME Collection is titled PAR INFINITY. This digital graphic showcases the hosts, David & Pat, as they embark on a new digital journey with their trusty pal Goalby. You can view and bid on the piece on the OpenSea Tour Junkies Collection Page which can be found by visiting TourJunkies.com/NFT. The buyer of this BOME will receive an NFT on the blockchain that will prove their ownership and a physical package with an instant-on digital screen displaying the MP4 digital image. The Tour Junkies partnership with The Props Network helped spearhead this new digital endeavor and both parties are excited to announce new BOMES in the coming weeks and months.ABOUT THE TOUR JUNKIESFounded by the Augusta, GA natives David Barnett + Pat Perry in September 2015, The Tour Junkies Podcast has a worldwide audience across multiple podcasting platforms exemplified by the shows over 3MM downloads since inception.The Tour Junkies network has since expanded beyond the podcast to include their highly trafficked TourJunkies.com blog, "The Chalk Bomb" weekly newsletter, merchandise sales, and the subscription-based members only "Goalby's Nut Hut". Tour Junkies have received vendor licensing in numerous legal US sports betting jurisdictions and have already established marketing partnerships with some of the biggest legal US betting operators. The host duo is known for their comedic candor while outputting detailed research, betting analysis, and insider access to PGA Golf's greatest talents and celebrity enthusiasts.ABOUT THE PROPS NETWORKFounded by Gaming & Television Industry experts; this gambling media company provides premier content to its users and catered business solutions for the biggest names in gaming. The Props Network roster of award-winning content creators and influencers is rapidly expanding as they offer a streamlined route to monetization. Their industry expertise has helped businesses secure streaming and data rights for betting purposes; produce & distribute live professional sports; and create custom content.CONTACT INFORMATION: The Props Network Kyle Piasecki+1-908-376-8646 [emailprotected] SOURCE The Props Network
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edtsum7130
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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: HELSINKI, Dec. 9, 2020 /PRNewswire/ --In light of the recent developments of vaccines for Covid-19, it begs the question; the next time the world is facing a new virus outbreak, could we stop a pandemic in its tracks? Healthcare systems were proven to be woefully underprepared for a global pandemic. Experts at VTT Technical Research Centre of Finland believe in future, quantum computing could help to minimize the impact of epidemics or pandemics. Antti Vasara, CEO of VTT, believes quantum computing could accelerate the development of breakthrough drugs and vaccines by modelling molecules. "Modelling complex protein and drug molecules is difficult due to their large size and complex interactions - even today's supercomputers cannot create precise molecular simulations. But - as molecular structures are determined by the laws of quantum mechanics, a large quantum computer has the potential to model their structure and activity much more precisely and rapidly - in minutes rather than weeks or months," he says. What are quantum computers? Quantum computers can complete in seconds what could take modern supercomputers thousands of years to process. Quantum computers use the properties ofquantum physicsto store and process data. A unit of memory is a quantum bit or qubit, and a series of qubits can represent different things simultaneously. This means quantum computers can consider a large number of possible combinations at the same time - such as finding the best route between two places. While still in early stages, quantum technology is developing at a rapid pace. Is Finland leading the way? The Finnish government has already allocated funds for building the foundation for a quantum ecosystem and acquired the first quantum computer in Finland - making it the first Nordic country to do so. IQM Finlandrecently announced it has raised EUR 39 million in its latest round of funding and is growing what is already the largest industrial quantum hardware team in Europe. IQM was also recently announced as VTT's partner in building Finland's first quantum computer. Director in Health, Minna Hendolin from Business Finland said: "With exceptionally good cooperation across the public and private sectors, a strong culture of trust, 100% coverage of health data and citizens having access to universal healthcare Finland is well positioned to explore the benefits of new technologies in a crisis such as a new disease outbreak." SOURCE Business Finland
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How a Finnish quantum computer could help stop the next pandemic
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HELSINKI, Dec. 9, 2020 /PRNewswire/ --In light of the recent developments of vaccines for Covid-19, it begs the question; the next time the world is facing a new virus outbreak, could we stop a pandemic in its tracks? Healthcare systems were proven to be woefully underprepared for a global pandemic. Experts at VTT Technical Research Centre of Finland believe in future, quantum computing could help to minimize the impact of epidemics or pandemics. Antti Vasara, CEO of VTT, believes quantum computing could accelerate the development of breakthrough drugs and vaccines by modelling molecules. "Modelling complex protein and drug molecules is difficult due to their large size and complex interactions - even today's supercomputers cannot create precise molecular simulations. But - as molecular structures are determined by the laws of quantum mechanics, a large quantum computer has the potential to model their structure and activity much more precisely and rapidly - in minutes rather than weeks or months," he says. What are quantum computers? Quantum computers can complete in seconds what could take modern supercomputers thousands of years to process. Quantum computers use the properties ofquantum physicsto store and process data. A unit of memory is a quantum bit or qubit, and a series of qubits can represent different things simultaneously. This means quantum computers can consider a large number of possible combinations at the same time - such as finding the best route between two places. While still in early stages, quantum technology is developing at a rapid pace. Is Finland leading the way? The Finnish government has already allocated funds for building the foundation for a quantum ecosystem and acquired the first quantum computer in Finland - making it the first Nordic country to do so. IQM Finlandrecently announced it has raised EUR 39 million in its latest round of funding and is growing what is already the largest industrial quantum hardware team in Europe. IQM was also recently announced as VTT's partner in building Finland's first quantum computer. Director in Health, Minna Hendolin from Business Finland said: "With exceptionally good cooperation across the public and private sectors, a strong culture of trust, 100% coverage of health data and citizens having access to universal healthcare Finland is well positioned to explore the benefits of new technologies in a crisis such as a new disease outbreak." SOURCE Business Finland
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edtsum7135
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SCOTTSDALE, Ariz.--(BUSINESS WIRE)--STORE Capital Corporation (NYSE: STOR, STORE Capital or the Company), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced operating results for the third quarter ended September 30, 2020. Highlights For the quarter ended September 30, 2020: For the nine months ended September 30, 2020: Management Commentary Our third quarter performance reflects the strength of our investment strategy, with a highly diverse net lease contract portfolio backed by well-positioned, strong regional and national tenants, said Christopher Volk, Chief Executive Officer of STORE Capital. With virtually all our portfolio properties now open for business, our collections accelerated. More importantly, the relative high yield on our portfolio investment demonstrated our ability to realize superior risk-adjusted performance. Given this achievement, we were proud to raise our dividend by 2.9%, while accelerating our investment activity, which we expect to carry into 2021. Financial Results COVID-19 Update The pandemic has impacted the Company through government mandated limits imposed on tenant businesses and continuing public perceptions regarding safety, which impacted its tenants ability to pay rent. In response to tenant requests, the Company provided rent relief, primarily through short-term rent deferrals or lease modifications. To date, the Company has increased its monthly rent and interest collections from 70% in May to 90% in October, repaid in full the balance of its revolving credit facility, and increased its quarterly cash dividend. Further, nearly all the Companys properties are currently open for business with two industries movie theaters and early childhood education remaining most impacted. The Company continues to closely monitor unpredictable factors that could impact its business going forward, including the duration and scope of the pandemic; governmental, business, and individuals' actions in response to the pandemic; and the overall impact on economic activity. Total Revenues Total revenues were $175.2 million for the third quarter of 2020, an increase of 2.0% from $171.8 million for the third quarter of 2019. Total revenues for the first nine months of 2020 were $521.4 million, an increase of 5.9% from $492.3 million for the first nine months of 2019. The increase was driven primarily by the growth in the size of STORE Capitals real estate investment portfolio, which grew from $8.4 billion in gross investment amount representing 2,417 property locations and 464 customers at September 30, 2019 to $9.3 billion in gross investment amount representing 2,587 property locations and 511 customers at September 30, 2020. Partially offsetting the revenue increases generated by the growth in the Companys portfolio was the financial impact of the COVID-19 pandemic as previously noted. Net Income Net income was $54.6 million, or $0.21 per basic and diluted share, for the third quarter of 2020, as compared to $111.6 million, or $0.48 per basic and diluted share, for the third quarter of 2019. Net income for the third quarter of 2020 included an aggregate net gain on dispositions of real estate of $3.5 million, as compared to an aggregate net gain on dispositions of real estate of $59.3 million for the same period in 2019. Net income includes such items as gain or loss on dispositions of real estate and provisions for impairment, which can vary from quarter to quarter and impact net income and period-to-period comparisons. Net income for the nine months ended September 30, 2020 was $157.9 million, or $0.63 per basic and diluted share, compared to $225.1 million, or $0.99 per basic and diluted share, for the nine months ended September 30, 2019. Net income for the first nine months of 2020 included an aggregate net gain on dispositions of real estate of $6.8 million as compared to $72.4 million for the same period in 2019. Adjusted Funds from Operations (AFFO) AFFO increased 2.6% to $119.1 million, or $0.47 per basic and $0.46 per diluted share, for the third quarter of 2020, compared to AFFO of $116.1 million, or $0.50 per basic and diluted share, for the third quarter of 2019. AFFO for the nine months ended September 30, 2020 was $347.8 million, or $1.39 per basic and diluted share, an increase of 2.9% from $338.1 million, or $1.49 per basic share and $1.48 per diluted share, for the nine months ended September 30, 2019. AFFO for the three- and nine-month periods in 2020 rose on additional rental revenues and interest income generated by the growth in the Companys real estate investment portfolio. AFFO for the three and nine months ended September 30, 2020, included approximately $13.0 million and $51.2 million, respectively, of net revenue that is subject to temporary deferral arrangements with tenants primarily operating in industries most impacted by government shelter-in-place and social distancing orders in response to the COVID-19 pandemic. The Company accounts for these deferral arrangements as rental revenue and a corresponding increase in lease receivables as tenant payments are accrued. For both the three and nine months ended September 30, 2020, AFFO excluded $1.3 million collected under these temporary deferral arrangements. Dividend Information As previously announced, STORE Capital declared a regular quarterly cash dividend per common share of $0.36 for the third quarter ended September 30, 2020, representing a 2.9% increase over the quarterly cash dividend per common share declared for the prior quarter. This dividend, totaling $94.1 million, was paid on October 15, 2020 to stockholders of record on September 30, 2020. Real Estate Portfolio Highlights Investment Activity The Company originated $250.9 million of gross investments representing 52 property locations during the third quarter of 2020. These origination and other activities resulted in the creation of 13 new customer relationships. The investments had a weighted average initial cap rate of 8.3%. Total investment activity for the first nine months of 2020 was $650.4 million representing 130 property locations with a weighted average initial cap rate of 8.1%. The Company defines initial cap rate for property acquisitions as the initial annual cash rent divided by the purchase price of the property. STOREs leases customarily have lease escalations, most of which are tied to the consumer price index and subject to a cap. For acquisitions made during the third quarter of 2020, the weighted average stated lease escalation cap was 1.9%. Disposition Activity During the nine months ended September 30, 2020, the Company sold 43 properties and recognized an aggregate net gain on the dispositions of real estate of $6.8 million; 18 of these 43 properties were sold in the third quarter for an aggregate net gain of $3.5 million. For the nine months ended September 30, 2020, proceeds from the dispositions of real estate aggregated $104.1 million as compared to an aggregate original investment amount of $124.4 million. Portfolio At September 30, 2020, STORE Capitals real estate portfolio totaled $9.3 billion. Approximately 94% of the portfolio represents commercial real estate properties subject to long-term leases, 6% represents mortgage loans and financing receivables on commercial real estate properties and a nominal amount represents loans receivable secured by the tenants other assets. The weighted average non-cancelable remaining term of the leases at September 30, 2020 was approximately 14 years with leases representing less than 4% of the portfolio scheduled to expire in the next five years. The Companys portfolio of real estate investments is highly diversified across customers, brand names or business concepts, industries and geography. The following table presents a summary of the portfolio. Portfolio At A Glance - As of September 30, 2020 Investment property locations 2,587 States 49 Customers 511 Industries in which customers operate 114 Proportion of portfolio from direct origination ~80 % Contracts with STORE-preferred terms*(1) 96 % Weighted average annual lease escalation(2) 1.9 % Weighted average remaining lease contract term ~14 years Occupancy(3) 99.6 % Properties not operating but subject to a lease(4) 50 Investment locations subject to a ground lease 22 Investment portfolio subject to NNN leases* 99 % Investment portfolio subject to Master Leases*(5) 93 % Average investment amount/replacement cost (new)(6) 80 % Locations subject to unit-level financial reporting 98 % Median unit fixed charge coverage ratio (FCCR)/4Wall coverage ratio(7) 2.0x/2.5x Contracts rated investment grade(8) ~74 % (1) Represents the percentage of lease contracts that were created by STORE or contain preferred contract terms such as unit-level financial reporting, triple-net lease provisions and, when applicable, master lease provisions. (2) Represents the weighted average annual escalation rate of the entire portfolio as if all escalations occurred annually. For escalations based on a formula including CPI, assumes the stated fixed percentage in the contract or assumes 1.5% if no fixed percentage is in the contract. For contracts with no escalations remaining in the current lease term, assumes the escalation in the extension term. Calculation excludes contracts representing less than 0.1% of base rent and interest where there are no further escalations remaining in the current lease term and there are no extension options. (3) The Company defines occupancy as a property being subject to a lease or loan contract. As of September 30, 2020, eleven of the Companys properties were vacant and not subject to a contract. (4) Represents the number of the Companys investment locations that have been closed by the tenant but remain subject to a lease. (5) Percentage of investment portfolio in multiple properties with a single customer subject to master leases. Approximately 86% of the investment portfolio involves multiple properties with a single customer, whether or not subject to a master lease. (6) Represents the ratio of purchase price to replacement cost (new) at acquisition. (7) STORE Capital calculates a units FCCR generally as the ratio of (i) the units EBITDAR, less a standardized corporate overhead expense based on estimated industry standards, to (ii) the units total fixed charges, which are its lease expense, interest expense and scheduled principal payments on indebtedness (if applicable). The 4Wall coverage ratio refers to a units FCCR before taking into account standardized corporate overhead expense. The weighted average unit FCCR and 4Wall coverage ratios were 2.8x and 3.7x, respectively. (8) Represents the percentage of the Companys contracts that have a STORE Score that is investment grade. The Company measures the credit quality of its portfolio on a contract-by-contract basis using the STORE Score, which is a proprietary risk measure reflective of both the credit risk of the Companys tenants and the profitability of the operations at the properties. As of September 30, 2020, STORE Capitals tenants had a median tenant credit profile of approximately Ba3 as measured by Moodys Analytics RiskCalc rating scale. Considering the profitability of the operations at each of its properties and STOREs assessment of the likelihood that each of the tenants will choose to continue to operate at the properties in the event of their insolvency, the credit quality of its contracts, or STORE Score, is enhanced to a median of Baa3. Capital Transactions The Company established a $900 million at the market equity distribution program, or ATM Program, in November 2019 and terminated its previous program. During the third quarter of 2020, the Company sold an aggregate of approximately 8.0 million common shares at a weighted average share price of $27.19 and raised approximately $215.0 million in net proceeds after the payment of sales agents commissions and offering expenses. For the nine months ended September 30, 2020, the Company sold an aggregate of approximately 20.9 million common shares at a weighted average share price of $26.17 and raised approximately $540.5 million in net proceeds after the payment of sales agents commissions and offering expenses. In March 2020, the Company extended the maturity of one of its $100 million bank term loans from March 2020 to March 2021. Also in late March, in response to the COVID-19 pandemic, the Company borrowed $450 million on its unsecured revolving credit facility as a precautionary measure to increase its cash position and preserve financial flexibility as a result of the uncertainty in the financial markets at the time. By the end of September 2020, the Company had fully repaid all amounts outstanding under its revolving credit facility. Conference Call and Webcast A conference call and audio webcast with analysts and investors will be held later today at 12:00 p.m. Eastern Time / 10:00 a.m. Scottsdale, Arizona Time, to discuss third quarter ended September 30, 2020 operating results and answer questions. About STORE Capital STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in more than 2,500 property locations across the United States, substantially all of which are profit centers. Additional information about STORE Capital can be found on its website at www.storecapital.com. Forward-Looking Statements Certain statements contained in this press release that are not historical facts contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to the safe harbor created by those sections. Forward-looking statements can be identified by the use of words such as estimate, anticipate, expect, believe, intend, may, will, should, seek, approximate or plan, or the negative of these words and phrases or similar words or phrases. Forward-looking statements, by their nature, involve estimates, projections, goals, forecasts and assumptions and are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. For more information on risk factors for STORE Capitals business, please refer to the periodic reports the Company files with the Securities and Exchange Commission from time to time. Many of the risks identified in the periodic reports have been and will continue to be heightened as a result of the ongoing and numerous adverse effects arising from the COVID-19 pandemic. These forward-looking statements herein speak only as of the date of this press release and should not be relied upon as predictions of future events. STORE Capital expressly disclaims any obligation or undertaking to update or revise any forward-looking statements contained herein, to reflect any change in STORE Capitals expectations with regard thereto, or any other change in events, conditions or circumstances on which any such statement is based, except as required by law. Non-GAAP Financial Measures FFO and AFFO STORE Capitals reported results are presented in accordance with U.S. generally accepted accounting principles, or GAAP. The Company also discloses Funds from Operations, or FFO, and Adjusted Funds from Operations, or AFFO, both of which are non-GAAP measures. Management believes these two nonGAAP financial measures are useful to investors because they are widely accepted industry measures used by analysts and investors to compare the operating performance of REITs. FFO and AFFO do not represent cash generated from operating activities and are not necessarily indicative of cash available to fund cash requirements; accordingly, they should not be considered alternatives to net income as a performance measure or to cash flows from operations as reported on a statement of cash flows as a liquidity measure and should be considered in addition to, and not in lieu of, GAAP financial measures. The Company computes FFO in accordance with the definition adopted by the Board of Governors of the National Association of Real Estate Investment Trusts, or NAREIT. NAREIT defines FFO as GAAP net income, excluding gains (or losses) from extraordinary items and sales of depreciable property, real estate impairment losses, and depreciation and amortization expense from real estate assets, including the pro rata share of such adjustments of unconsolidated subsidiaries. To derive AFFO, the Company modifies the NAREIT computation of FFO to include other adjustments to GAAP net income related to certain revenues and expenses that have no impact on the Companys long-term operating performance, such as straight-line rents, amortization of deferred financing costs and stock-based compensation. In addition, in deriving AFFO, the Company excludes certain other costs not related to its ongoing operations, such as the amortization of lease-related intangibles. FFO is used by management, investors and analysts to facilitate meaningful comparisons of operating performance between periods and among the Companys peers primarily because it excludes the effect of real estate depreciation and amortization and net gains (or losses) on sales, which are based on historical costs and implicitly assume that the value of real estate diminishes predictably over time, rather than fluctuating based on existing market conditions. Management believes that AFFO provides more useful information to investors and analysts because it modifies FFO to exclude certain additional revenues and expenses such as straight-line rents, including construction period rent deferrals, and the amortization of deferred financing costs, stock-based compensation and lease-related intangibles as such items have no impact on long-term operating performance. As a result, the Company believes AFFO to be a more meaningful measurement of ongoing performance that allows for greater performance comparability. Therefore, the Company discloses both FFO and AFFO and reconciles them to the most appropriate GAAP performance metric, which is net income. STORE Capitals FFO and AFFO may not be comparable to similarly titled measures employed by other companies. STORE Capital Corporation Condensed Consolidated Statements of Income (In thousands, except share and per share data) Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 (unaudited) (unaudited) Revenues: Rental revenues $ 163,325 $ 157,965 $ 482,669 $ 462,920 Interest income on loans and financing receivables 11,021 9,594 34,374 24,066 Other income 877 4,275 4,357 5,273 Total revenues 175,223 171,834 521,400 492,259 Expenses: Interest 42,090 39,325 127,816 116,822 Property costs 3,309 3,162 14,603 7,760 General and administrative 14,729 13,566 35,742 39,815 Depreciation and amortization 61,119 55,919 180,753 164,635 Provisions for impairment 2,772 7,341 10,972 9,951 Total expenses 124,019 119,313 369,886 338,983 Net gain on dispositions of real estate 3,537 59,290 6,814 72,395 Income from operations before income taxes 54,741 111,811 158,328 225,671 Income tax expense 111 193 438 533 Net income $ 54,630 $ 111,618 $ 157,890 $ 225,138 Net income per share of common stock - basic and diluted: $ 0.21 $ 0.48 $ 0.63 $ 0.99 Weighted average common shares outstanding: Basic 255,308,189 232,052,007 248,999,635 227,349,158 Diluted 255,610,628 232,645,531 248,999,635 227,882,523 Dividends declared per common share $ 0.36 $ 0.35 $ 1.06 $ 1.01 STORE Capital Corporation Condensed Consolidated Balance Sheets (In thousands, except share and per share data) September 30, 2020 December 31, 2019 (unaudited) (audited) Assets Investments: Real estate investments: Land and improvements $ 2,757,893 $ 2,634,285 Buildings and improvements 5,905,626 5,540,749 Intangible lease assets 63,628 73,366 Total real estate investments 8,727,147 8,248,400 Less accumulated depreciation and amortization (901,714 ) (740,124 ) 7,825,433 7,508,276 Operating ground lease assets 23,820 24,254 Loans and financing receivables, net 591,414 582,267 Net investments 8,440,667 8,114,797 Cash and cash equivalents 144,478 99,753 Other assets, net 135,293 81,976 Total assets $ 8,720,438 $ 8,296,526 Liabilities and stockholders equity Liabilities: Credit facility $ $ Unsecured notes and term loans payable, net 1,263,905 1,262,553 Non-recourse debt obligations of consolidated special purpose entities, net 2,305,642 2,328,489 Dividends payable 94,085 83,938 Operating lease liabilities 29,016 29,347 Accrued expenses, deferred revenue and other liabilities 119,066 106,814 Total liabilities 3,811,714 3,811,141 Stockholders equity: Common stock, $0.01 par value per share, 375,000,000 shares authorized, 261,348,454 and 239,822,900 shares issued and outstanding, respectively 2,613 2,398 Capital in excess of par value 5,327,124 4,787,932 Distributions in excess of retained earnings (417,862 ) (302,609 ) Accumulated other comprehensive loss (3,151 ) (2,336 ) Total stockholders equity 4,908,724 4,485,385 Total liabilities and stockholders equity $ 8,720,438 $ 8,296,526 STORE Capital Corporation Reconciliations of Non-GAAP Financial Measures (In thousands, except per share data) Funds from Operations and Adjusted Funds from Operations Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 (unaudited) (unaudited) Net income $ 54,630 $ 111,618 $ 157,890 $ 225,138 Depreciation and amortization of real estate assets 61,051 55,840 180,528 164,400 Provision for impairment of real estate 2,000 7,341 10,200 9,951 Net gain on dispositions of real estate (3,537 ) (59,290 ) (6,814 ) (72,395 ) Funds from Operations (1) 114,144 115,509 341,804 327,094 Adjustments: Straight-line rental revenue: Fixed rent escalations accrued (3,354 ) (1,319 ) (7,278 ) (4,194 ) Construction period rent deferrals 466 (144 ) 1,402 853 Amortization of: Equity-based compensation 2,744 3,326 1,645 8,083 Deferred financing costs and other 2,082 2,199 6,310 6,452 Lease-related intangibles and costs 769 762 2,298 2,119 Provision for loan losses 772 772 Lease termination fees (350 ) (3,775 ) (587 ) (3,775 ) Capitalized interest (175 ) (480 ) (500 ) (1,234 ) Executive severance costs 1,980 1,980 1,956 Loss on defeasance of debt 735 Adjusted Funds from Operations (1) $ 119,078 $ 116,078 $ 347,846 $ 338,089 Dividends declared to common stockholders $ 94,085 $ 82,181 $ 268,195 $ 232,866 Net income per share of common stock: (2) Basic and Diluted $ 0.21 $ 0.48 $ 0.63 $ 0.99 FFO per share of common stock: (2) Basic $ 0.45 $ 0.50 $ 1.37 $ 1.44 Diluted $ 0.45 $ 0.50 $ 1.37 $ 1.43 AFFO per share of common stock: (2) Basic $ 0.47 $ 0.50 $ 1.39 $ 1.49 Diluted $ 0.46 $ 0.50 $ 1.39 $ 1.48 (1) FFO and AFFO for the three and nine months ended September 30, 2020, include approximately $13.0 million and $51.2 million, respectively, of net revenue that is subject to the short-term deferral arrangements entered into in response to the COVID-19 pandemic; the Company accounts for these deferral arrangements as rental revenue and a corresponding increase in receivables. For both the three and nine months ended September 30, 2020, FFO and AFFO exclude $1.3 million collected under these short-term deferral arrangements. (2) Under the two-class method, earnings attributable to unvested restricted stock are deducted from earnings in the computation of per share amounts where applicable. Real Estate Portfolio Information As of September 30, 2020, STORE Capitals total investment in real estate and loans approximated $9.3 billion, representing investments in 2,587 property locations, substantially all of which are profit centers for its customers. The Companys real estate portfolio is highly diversified. The following tables summarize the diversification of the real estate portfolio based on the percentage of base rent and interest, annualized based on rates in effect on September 30, 2020, for all leases, loans and financing receivables in place as of that date. Diversification by Customer STORE Capital has a diverse customer base. At September 30, 2020, the Companys property locations were operated by 511 customers. The largest single customer represented 2.7% of base rent and interest and the top ten customers totaled 16.8% of base rent and interest. STORE Capitals customers operate their businesses under a wide range of brand names or business concepts. Of the more than 735 concepts represented in the Companys investment portfolio as of September 30, 2020, the largest single concept represented 2.7% of base rent and interest; more than 80% of base rent and interest consists of concepts each representing less than 1% of base rent and interest. The following table identifies STORE Capitals ten largest customers as of September 30, 2020: % of Base Rent and Number of Customer Interest Properties Fleet Farm Group LLC 2.7 % 10 Bass Pro Group, LLC (Cabelas) 1.8 10 Cadence Education, Inc. (Early childhood/elementary education) 1.8 49 Loves Furniture, Inc. 1.8 23 CWGS Group, LLC (Camping World/Gander Outdoors) 1.7 20 Spring Education Group Inc. (Stratford School/Nobel Learning Communities) 1.5 19 American Multi-Cinema, Inc. (AMC/Carmike/Starplex) 1.5 14 US LBM Holdings, LLC (Building materials distribution) 1.4 51 Dufresne Spencer Group Holdings, LLC (Ashley Furniture HomeStore) 1.3 21 Zips Holdings, LLC 1.3 41 All other (501 customers) 83.2 2,329 Total 100.0 % 2,587 Diversification by Industry The business concepts of STORE Capitals customers are diversified across more than 100 industries within the service, retail and manufacturing sectors of the U.S. economy. The following table summarizes these industries, by sector, into 75 industry groups as of September 30, 2020: Building % of Square Base Rent and Number of Footage Customer Industry Group Interest Properties (in thousands) Service: Restaurants full service 8.5 % 385 2,644 Restaurants limited service 5.0 392 1,062 Early childhood education 5.9 240 2,518 Health clubs 5.2 88 3,130 Automotive repair and maintenance 4.7 172 905 Movie theaters 3.9 37 1,881 Family entertainment 3.7 40 1,625 Pet care 3.5 177 1,640 Behavioral Health 3.1 68 1,224 Lumber and construction materials wholesalers 2.8 118 5,122 Medical and dental 2.6 101 1,097 Equipment sales and leasing 2.0 47 1,206 Elementary and secondary schools 1.4 9 351 Wholesale automobile auction 1.3 8 428 Logistics 1.2 23 1,792 Metal and mineral merchant wholesalers 1.0 24 2,010 All other service (18 industry groups) 7.6 169 10,567 Total service 63.4 2,098 39,202 Retail: Furniture 5.0 70 4,145 Farm and ranch supply 4.5 43 4,399 Recreational vehicle dealers 2.0 25 1,146 Used car dealers 1.9 29 312 Hunting and fishing 1.8 9 758 Home furnishings 1.3 11 1,262 New car dealers 0.6 9 273 All other retail (11 industry groups) 1.8 46 1,788 Total retail 18.9 242 14,083 Manufacturing: Metal fabrication 4.8 88 10,289 Food processing 2.1 19 2,649 Plastic and rubber products 1.6 18 2,961 Furniture manufacturing 1.4 12 2,980 Electronics equipment 1.3 10 1,024 Automotive parts and accessories 1.1 17 2,483 Chemical products 0.8 9 1,066 All other manufacturing (16 industry groups) 4.6 74 7,686 Total manufacturing 17.7 247 31,138 Total 100.0 % 2,587 84,423 Diversification by Geography STORE Capitals portfolio is also highly diversified by geography, as the Companys property locations can be found in every state except Hawaii. The following table details the top ten geographical locations of the properties as of September 30, 2020: % of Base Rent and Number of State Interest Properties Texas 10.7 % 266 Illinois 6.1 154 California 5.9 70 Florida 5.4 156 Ohio 5.2 141 Georgia 5.1 143 Wisconsin 4.9 61 Arizona 4.5 85 Tennessee 3.8 117 Minnesota 3.7 90 All other (39 states) (1) 44.7 1,304 Total 100.0 % 2,587 (1) Includes one property in Ontario, Canada which represents 0.3% of base rent and interest. Contracts and Expirations The Company focuses on long-term, triple-net leases with built-in lease escalators and uses master leases, where appropriate. As of September 30, 2020, 99% of the Companys investment portfolio was subject to triple-net leases. Where the Company owns multiple properties leased to a single customer, 93% of this portion of the investment portfolio was subject to master leases. Leases and loans representing approximately 3.8% of the base rent and interest will expire in the next five years (before 2026). The following table sets forth the schedule of lease, loan and financing receivable expirations as of September 30, 2020: % of Base Rent and Number of Year of Lease Expiration or Loan Maturity (1) Interest Properties (2) Remainder of 2020 0.2 % 12 2021 0.6 9 2022 0.4 10 2023 0.6 18 2024 0.7 18 2025 1.3 27 2026 1.5 48 2027 2.0 55 2028 3.4 67 2029 6.2 173 Thereafter 83.1 2,139 Total 100.0 % 2,576 (1) Expiration year of contracts in place as of September 30, 2020, excluding any tenant renewal option periods. (2) Excludes 11 properties that were vacant and not subject to a lease as of September 30, 2020.
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STORE Capital Announces Third Quarter 2020 Operating Results
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SCOTTSDALE, Ariz.--(BUSINESS WIRE)--STORE Capital Corporation (NYSE: STOR, STORE Capital or the Company), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced operating results for the third quarter ended September 30, 2020. Highlights For the quarter ended September 30, 2020: For the nine months ended September 30, 2020: Management Commentary Our third quarter performance reflects the strength of our investment strategy, with a highly diverse net lease contract portfolio backed by well-positioned, strong regional and national tenants, said Christopher Volk, Chief Executive Officer of STORE Capital. With virtually all our portfolio properties now open for business, our collections accelerated. More importantly, the relative high yield on our portfolio investment demonstrated our ability to realize superior risk-adjusted performance. Given this achievement, we were proud to raise our dividend by 2.9%, while accelerating our investment activity, which we expect to carry into 2021. Financial Results COVID-19 Update The pandemic has impacted the Company through government mandated limits imposed on tenant businesses and continuing public perceptions regarding safety, which impacted its tenants ability to pay rent. In response to tenant requests, the Company provided rent relief, primarily through short-term rent deferrals or lease modifications. To date, the Company has increased its monthly rent and interest collections from 70% in May to 90% in October, repaid in full the balance of its revolving credit facility, and increased its quarterly cash dividend. Further, nearly all the Companys properties are currently open for business with two industries movie theaters and early childhood education remaining most impacted. The Company continues to closely monitor unpredictable factors that could impact its business going forward, including the duration and scope of the pandemic; governmental, business, and individuals' actions in response to the pandemic; and the overall impact on economic activity. Total Revenues Total revenues were $175.2 million for the third quarter of 2020, an increase of 2.0% from $171.8 million for the third quarter of 2019. Total revenues for the first nine months of 2020 were $521.4 million, an increase of 5.9% from $492.3 million for the first nine months of 2019. The increase was driven primarily by the growth in the size of STORE Capitals real estate investment portfolio, which grew from $8.4 billion in gross investment amount representing 2,417 property locations and 464 customers at September 30, 2019 to $9.3 billion in gross investment amount representing 2,587 property locations and 511 customers at September 30, 2020. Partially offsetting the revenue increases generated by the growth in the Companys portfolio was the financial impact of the COVID-19 pandemic as previously noted. Net Income Net income was $54.6 million, or $0.21 per basic and diluted share, for the third quarter of 2020, as compared to $111.6 million, or $0.48 per basic and diluted share, for the third quarter of 2019. Net income for the third quarter of 2020 included an aggregate net gain on dispositions of real estate of $3.5 million, as compared to an aggregate net gain on dispositions of real estate of $59.3 million for the same period in 2019. Net income includes such items as gain or loss on dispositions of real estate and provisions for impairment, which can vary from quarter to quarter and impact net income and period-to-period comparisons. Net income for the nine months ended September 30, 2020 was $157.9 million, or $0.63 per basic and diluted share, compared to $225.1 million, or $0.99 per basic and diluted share, for the nine months ended September 30, 2019. Net income for the first nine months of 2020 included an aggregate net gain on dispositions of real estate of $6.8 million as compared to $72.4 million for the same period in 2019. Adjusted Funds from Operations (AFFO) AFFO increased 2.6% to $119.1 million, or $0.47 per basic and $0.46 per diluted share, for the third quarter of 2020, compared to AFFO of $116.1 million, or $0.50 per basic and diluted share, for the third quarter of 2019. AFFO for the nine months ended September 30, 2020 was $347.8 million, or $1.39 per basic and diluted share, an increase of 2.9% from $338.1 million, or $1.49 per basic share and $1.48 per diluted share, for the nine months ended September 30, 2019. AFFO for the three- and nine-month periods in 2020 rose on additional rental revenues and interest income generated by the growth in the Companys real estate investment portfolio. AFFO for the three and nine months ended September 30, 2020, included approximately $13.0 million and $51.2 million, respectively, of net revenue that is subject to temporary deferral arrangements with tenants primarily operating in industries most impacted by government shelter-in-place and social distancing orders in response to the COVID-19 pandemic. The Company accounts for these deferral arrangements as rental revenue and a corresponding increase in lease receivables as tenant payments are accrued. For both the three and nine months ended September 30, 2020, AFFO excluded $1.3 million collected under these temporary deferral arrangements. Dividend Information As previously announced, STORE Capital declared a regular quarterly cash dividend per common share of $0.36 for the third quarter ended September 30, 2020, representing a 2.9% increase over the quarterly cash dividend per common share declared for the prior quarter. This dividend, totaling $94.1 million, was paid on October 15, 2020 to stockholders of record on September 30, 2020. Real Estate Portfolio Highlights Investment Activity The Company originated $250.9 million of gross investments representing 52 property locations during the third quarter of 2020. These origination and other activities resulted in the creation of 13 new customer relationships. The investments had a weighted average initial cap rate of 8.3%. Total investment activity for the first nine months of 2020 was $650.4 million representing 130 property locations with a weighted average initial cap rate of 8.1%. The Company defines initial cap rate for property acquisitions as the initial annual cash rent divided by the purchase price of the property. STOREs leases customarily have lease escalations, most of which are tied to the consumer price index and subject to a cap. For acquisitions made during the third quarter of 2020, the weighted average stated lease escalation cap was 1.9%. Disposition Activity During the nine months ended September 30, 2020, the Company sold 43 properties and recognized an aggregate net gain on the dispositions of real estate of $6.8 million; 18 of these 43 properties were sold in the third quarter for an aggregate net gain of $3.5 million. For the nine months ended September 30, 2020, proceeds from the dispositions of real estate aggregated $104.1 million as compared to an aggregate original investment amount of $124.4 million. Portfolio At September 30, 2020, STORE Capitals real estate portfolio totaled $9.3 billion. Approximately 94% of the portfolio represents commercial real estate properties subject to long-term leases, 6% represents mortgage loans and financing receivables on commercial real estate properties and a nominal amount represents loans receivable secured by the tenants other assets. The weighted average non-cancelable remaining term of the leases at September 30, 2020 was approximately 14 years with leases representing less than 4% of the portfolio scheduled to expire in the next five years. The Companys portfolio of real estate investments is highly diversified across customers, brand names or business concepts, industries and geography. The following table presents a summary of the portfolio. Portfolio At A Glance - As of September 30, 2020 Investment property locations 2,587 States 49 Customers 511 Industries in which customers operate 114 Proportion of portfolio from direct origination ~80 % Contracts with STORE-preferred terms*(1) 96 % Weighted average annual lease escalation(2) 1.9 % Weighted average remaining lease contract term ~14 years Occupancy(3) 99.6 % Properties not operating but subject to a lease(4) 50 Investment locations subject to a ground lease 22 Investment portfolio subject to NNN leases* 99 % Investment portfolio subject to Master Leases*(5) 93 % Average investment amount/replacement cost (new)(6) 80 % Locations subject to unit-level financial reporting 98 % Median unit fixed charge coverage ratio (FCCR)/4Wall coverage ratio(7) 2.0x/2.5x Contracts rated investment grade(8) ~74 % (1) Represents the percentage of lease contracts that were created by STORE or contain preferred contract terms such as unit-level financial reporting, triple-net lease provisions and, when applicable, master lease provisions. (2) Represents the weighted average annual escalation rate of the entire portfolio as if all escalations occurred annually. For escalations based on a formula including CPI, assumes the stated fixed percentage in the contract or assumes 1.5% if no fixed percentage is in the contract. For contracts with no escalations remaining in the current lease term, assumes the escalation in the extension term. Calculation excludes contracts representing less than 0.1% of base rent and interest where there are no further escalations remaining in the current lease term and there are no extension options. (3) The Company defines occupancy as a property being subject to a lease or loan contract. As of September 30, 2020, eleven of the Companys properties were vacant and not subject to a contract. (4) Represents the number of the Companys investment locations that have been closed by the tenant but remain subject to a lease. (5) Percentage of investment portfolio in multiple properties with a single customer subject to master leases. Approximately 86% of the investment portfolio involves multiple properties with a single customer, whether or not subject to a master lease. (6) Represents the ratio of purchase price to replacement cost (new) at acquisition. (7) STORE Capital calculates a units FCCR generally as the ratio of (i) the units EBITDAR, less a standardized corporate overhead expense based on estimated industry standards, to (ii) the units total fixed charges, which are its lease expense, interest expense and scheduled principal payments on indebtedness (if applicable). The 4Wall coverage ratio refers to a units FCCR before taking into account standardized corporate overhead expense. The weighted average unit FCCR and 4Wall coverage ratios were 2.8x and 3.7x, respectively. (8) Represents the percentage of the Companys contracts that have a STORE Score that is investment grade. The Company measures the credit quality of its portfolio on a contract-by-contract basis using the STORE Score, which is a proprietary risk measure reflective of both the credit risk of the Companys tenants and the profitability of the operations at the properties. As of September 30, 2020, STORE Capitals tenants had a median tenant credit profile of approximately Ba3 as measured by Moodys Analytics RiskCalc rating scale. Considering the profitability of the operations at each of its properties and STOREs assessment of the likelihood that each of the tenants will choose to continue to operate at the properties in the event of their insolvency, the credit quality of its contracts, or STORE Score, is enhanced to a median of Baa3. Capital Transactions The Company established a $900 million at the market equity distribution program, or ATM Program, in November 2019 and terminated its previous program. During the third quarter of 2020, the Company sold an aggregate of approximately 8.0 million common shares at a weighted average share price of $27.19 and raised approximately $215.0 million in net proceeds after the payment of sales agents commissions and offering expenses. For the nine months ended September 30, 2020, the Company sold an aggregate of approximately 20.9 million common shares at a weighted average share price of $26.17 and raised approximately $540.5 million in net proceeds after the payment of sales agents commissions and offering expenses. In March 2020, the Company extended the maturity of one of its $100 million bank term loans from March 2020 to March 2021. Also in late March, in response to the COVID-19 pandemic, the Company borrowed $450 million on its unsecured revolving credit facility as a precautionary measure to increase its cash position and preserve financial flexibility as a result of the uncertainty in the financial markets at the time. By the end of September 2020, the Company had fully repaid all amounts outstanding under its revolving credit facility. Conference Call and Webcast A conference call and audio webcast with analysts and investors will be held later today at 12:00 p.m. Eastern Time / 10:00 a.m. Scottsdale, Arizona Time, to discuss third quarter ended September 30, 2020 operating results and answer questions. About STORE Capital STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in more than 2,500 property locations across the United States, substantially all of which are profit centers. Additional information about STORE Capital can be found on its website at www.storecapital.com. Forward-Looking Statements Certain statements contained in this press release that are not historical facts contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to the safe harbor created by those sections. Forward-looking statements can be identified by the use of words such as estimate, anticipate, expect, believe, intend, may, will, should, seek, approximate or plan, or the negative of these words and phrases or similar words or phrases. Forward-looking statements, by their nature, involve estimates, projections, goals, forecasts and assumptions and are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. For more information on risk factors for STORE Capitals business, please refer to the periodic reports the Company files with the Securities and Exchange Commission from time to time. Many of the risks identified in the periodic reports have been and will continue to be heightened as a result of the ongoing and numerous adverse effects arising from the COVID-19 pandemic. These forward-looking statements herein speak only as of the date of this press release and should not be relied upon as predictions of future events. STORE Capital expressly disclaims any obligation or undertaking to update or revise any forward-looking statements contained herein, to reflect any change in STORE Capitals expectations with regard thereto, or any other change in events, conditions or circumstances on which any such statement is based, except as required by law. Non-GAAP Financial Measures FFO and AFFO STORE Capitals reported results are presented in accordance with U.S. generally accepted accounting principles, or GAAP. The Company also discloses Funds from Operations, or FFO, and Adjusted Funds from Operations, or AFFO, both of which are non-GAAP measures. Management believes these two nonGAAP financial measures are useful to investors because they are widely accepted industry measures used by analysts and investors to compare the operating performance of REITs. FFO and AFFO do not represent cash generated from operating activities and are not necessarily indicative of cash available to fund cash requirements; accordingly, they should not be considered alternatives to net income as a performance measure or to cash flows from operations as reported on a statement of cash flows as a liquidity measure and should be considered in addition to, and not in lieu of, GAAP financial measures. The Company computes FFO in accordance with the definition adopted by the Board of Governors of the National Association of Real Estate Investment Trusts, or NAREIT. NAREIT defines FFO as GAAP net income, excluding gains (or losses) from extraordinary items and sales of depreciable property, real estate impairment losses, and depreciation and amortization expense from real estate assets, including the pro rata share of such adjustments of unconsolidated subsidiaries. To derive AFFO, the Company modifies the NAREIT computation of FFO to include other adjustments to GAAP net income related to certain revenues and expenses that have no impact on the Companys long-term operating performance, such as straight-line rents, amortization of deferred financing costs and stock-based compensation. In addition, in deriving AFFO, the Company excludes certain other costs not related to its ongoing operations, such as the amortization of lease-related intangibles. FFO is used by management, investors and analysts to facilitate meaningful comparisons of operating performance between periods and among the Companys peers primarily because it excludes the effect of real estate depreciation and amortization and net gains (or losses) on sales, which are based on historical costs and implicitly assume that the value of real estate diminishes predictably over time, rather than fluctuating based on existing market conditions. Management believes that AFFO provides more useful information to investors and analysts because it modifies FFO to exclude certain additional revenues and expenses such as straight-line rents, including construction period rent deferrals, and the amortization of deferred financing costs, stock-based compensation and lease-related intangibles as such items have no impact on long-term operating performance. As a result, the Company believes AFFO to be a more meaningful measurement of ongoing performance that allows for greater performance comparability. Therefore, the Company discloses both FFO and AFFO and reconciles them to the most appropriate GAAP performance metric, which is net income. STORE Capitals FFO and AFFO may not be comparable to similarly titled measures employed by other companies. STORE Capital Corporation Condensed Consolidated Statements of Income (In thousands, except share and per share data) Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 (unaudited) (unaudited) Revenues: Rental revenues $ 163,325 $ 157,965 $ 482,669 $ 462,920 Interest income on loans and financing receivables 11,021 9,594 34,374 24,066 Other income 877 4,275 4,357 5,273 Total revenues 175,223 171,834 521,400 492,259 Expenses: Interest 42,090 39,325 127,816 116,822 Property costs 3,309 3,162 14,603 7,760 General and administrative 14,729 13,566 35,742 39,815 Depreciation and amortization 61,119 55,919 180,753 164,635 Provisions for impairment 2,772 7,341 10,972 9,951 Total expenses 124,019 119,313 369,886 338,983 Net gain on dispositions of real estate 3,537 59,290 6,814 72,395 Income from operations before income taxes 54,741 111,811 158,328 225,671 Income tax expense 111 193 438 533 Net income $ 54,630 $ 111,618 $ 157,890 $ 225,138 Net income per share of common stock - basic and diluted: $ 0.21 $ 0.48 $ 0.63 $ 0.99 Weighted average common shares outstanding: Basic 255,308,189 232,052,007 248,999,635 227,349,158 Diluted 255,610,628 232,645,531 248,999,635 227,882,523 Dividends declared per common share $ 0.36 $ 0.35 $ 1.06 $ 1.01 STORE Capital Corporation Condensed Consolidated Balance Sheets (In thousands, except share and per share data) September 30, 2020 December 31, 2019 (unaudited) (audited) Assets Investments: Real estate investments: Land and improvements $ 2,757,893 $ 2,634,285 Buildings and improvements 5,905,626 5,540,749 Intangible lease assets 63,628 73,366 Total real estate investments 8,727,147 8,248,400 Less accumulated depreciation and amortization (901,714 ) (740,124 ) 7,825,433 7,508,276 Operating ground lease assets 23,820 24,254 Loans and financing receivables, net 591,414 582,267 Net investments 8,440,667 8,114,797 Cash and cash equivalents 144,478 99,753 Other assets, net 135,293 81,976 Total assets $ 8,720,438 $ 8,296,526 Liabilities and stockholders equity Liabilities: Credit facility $ $ Unsecured notes and term loans payable, net 1,263,905 1,262,553 Non-recourse debt obligations of consolidated special purpose entities, net 2,305,642 2,328,489 Dividends payable 94,085 83,938 Operating lease liabilities 29,016 29,347 Accrued expenses, deferred revenue and other liabilities 119,066 106,814 Total liabilities 3,811,714 3,811,141 Stockholders equity: Common stock, $0.01 par value per share, 375,000,000 shares authorized, 261,348,454 and 239,822,900 shares issued and outstanding, respectively 2,613 2,398 Capital in excess of par value 5,327,124 4,787,932 Distributions in excess of retained earnings (417,862 ) (302,609 ) Accumulated other comprehensive loss (3,151 ) (2,336 ) Total stockholders equity 4,908,724 4,485,385 Total liabilities and stockholders equity $ 8,720,438 $ 8,296,526 STORE Capital Corporation Reconciliations of Non-GAAP Financial Measures (In thousands, except per share data) Funds from Operations and Adjusted Funds from Operations Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 (unaudited) (unaudited) Net income $ 54,630 $ 111,618 $ 157,890 $ 225,138 Depreciation and amortization of real estate assets 61,051 55,840 180,528 164,400 Provision for impairment of real estate 2,000 7,341 10,200 9,951 Net gain on dispositions of real estate (3,537 ) (59,290 ) (6,814 ) (72,395 ) Funds from Operations (1) 114,144 115,509 341,804 327,094 Adjustments: Straight-line rental revenue: Fixed rent escalations accrued (3,354 ) (1,319 ) (7,278 ) (4,194 ) Construction period rent deferrals 466 (144 ) 1,402 853 Amortization of: Equity-based compensation 2,744 3,326 1,645 8,083 Deferred financing costs and other 2,082 2,199 6,310 6,452 Lease-related intangibles and costs 769 762 2,298 2,119 Provision for loan losses 772 772 Lease termination fees (350 ) (3,775 ) (587 ) (3,775 ) Capitalized interest (175 ) (480 ) (500 ) (1,234 ) Executive severance costs 1,980 1,980 1,956 Loss on defeasance of debt 735 Adjusted Funds from Operations (1) $ 119,078 $ 116,078 $ 347,846 $ 338,089 Dividends declared to common stockholders $ 94,085 $ 82,181 $ 268,195 $ 232,866 Net income per share of common stock: (2) Basic and Diluted $ 0.21 $ 0.48 $ 0.63 $ 0.99 FFO per share of common stock: (2) Basic $ 0.45 $ 0.50 $ 1.37 $ 1.44 Diluted $ 0.45 $ 0.50 $ 1.37 $ 1.43 AFFO per share of common stock: (2) Basic $ 0.47 $ 0.50 $ 1.39 $ 1.49 Diluted $ 0.46 $ 0.50 $ 1.39 $ 1.48 (1) FFO and AFFO for the three and nine months ended September 30, 2020, include approximately $13.0 million and $51.2 million, respectively, of net revenue that is subject to the short-term deferral arrangements entered into in response to the COVID-19 pandemic; the Company accounts for these deferral arrangements as rental revenue and a corresponding increase in receivables. For both the three and nine months ended September 30, 2020, FFO and AFFO exclude $1.3 million collected under these short-term deferral arrangements. (2) Under the two-class method, earnings attributable to unvested restricted stock are deducted from earnings in the computation of per share amounts where applicable. Real Estate Portfolio Information As of September 30, 2020, STORE Capitals total investment in real estate and loans approximated $9.3 billion, representing investments in 2,587 property locations, substantially all of which are profit centers for its customers. The Companys real estate portfolio is highly diversified. The following tables summarize the diversification of the real estate portfolio based on the percentage of base rent and interest, annualized based on rates in effect on September 30, 2020, for all leases, loans and financing receivables in place as of that date. Diversification by Customer STORE Capital has a diverse customer base. At September 30, 2020, the Companys property locations were operated by 511 customers. The largest single customer represented 2.7% of base rent and interest and the top ten customers totaled 16.8% of base rent and interest. STORE Capitals customers operate their businesses under a wide range of brand names or business concepts. Of the more than 735 concepts represented in the Companys investment portfolio as of September 30, 2020, the largest single concept represented 2.7% of base rent and interest; more than 80% of base rent and interest consists of concepts each representing less than 1% of base rent and interest. The following table identifies STORE Capitals ten largest customers as of September 30, 2020: % of Base Rent and Number of Customer Interest Properties Fleet Farm Group LLC 2.7 % 10 Bass Pro Group, LLC (Cabelas) 1.8 10 Cadence Education, Inc. (Early childhood/elementary education) 1.8 49 Loves Furniture, Inc. 1.8 23 CWGS Group, LLC (Camping World/Gander Outdoors) 1.7 20 Spring Education Group Inc. (Stratford School/Nobel Learning Communities) 1.5 19 American Multi-Cinema, Inc. (AMC/Carmike/Starplex) 1.5 14 US LBM Holdings, LLC (Building materials distribution) 1.4 51 Dufresne Spencer Group Holdings, LLC (Ashley Furniture HomeStore) 1.3 21 Zips Holdings, LLC 1.3 41 All other (501 customers) 83.2 2,329 Total 100.0 % 2,587 Diversification by Industry The business concepts of STORE Capitals customers are diversified across more than 100 industries within the service, retail and manufacturing sectors of the U.S. economy. The following table summarizes these industries, by sector, into 75 industry groups as of September 30, 2020: Building % of Square Base Rent and Number of Footage Customer Industry Group Interest Properties (in thousands) Service: Restaurants full service 8.5 % 385 2,644 Restaurants limited service 5.0 392 1,062 Early childhood education 5.9 240 2,518 Health clubs 5.2 88 3,130 Automotive repair and maintenance 4.7 172 905 Movie theaters 3.9 37 1,881 Family entertainment 3.7 40 1,625 Pet care 3.5 177 1,640 Behavioral Health 3.1 68 1,224 Lumber and construction materials wholesalers 2.8 118 5,122 Medical and dental 2.6 101 1,097 Equipment sales and leasing 2.0 47 1,206 Elementary and secondary schools 1.4 9 351 Wholesale automobile auction 1.3 8 428 Logistics 1.2 23 1,792 Metal and mineral merchant wholesalers 1.0 24 2,010 All other service (18 industry groups) 7.6 169 10,567 Total service 63.4 2,098 39,202 Retail: Furniture 5.0 70 4,145 Farm and ranch supply 4.5 43 4,399 Recreational vehicle dealers 2.0 25 1,146 Used car dealers 1.9 29 312 Hunting and fishing 1.8 9 758 Home furnishings 1.3 11 1,262 New car dealers 0.6 9 273 All other retail (11 industry groups) 1.8 46 1,788 Total retail 18.9 242 14,083 Manufacturing: Metal fabrication 4.8 88 10,289 Food processing 2.1 19 2,649 Plastic and rubber products 1.6 18 2,961 Furniture manufacturing 1.4 12 2,980 Electronics equipment 1.3 10 1,024 Automotive parts and accessories 1.1 17 2,483 Chemical products 0.8 9 1,066 All other manufacturing (16 industry groups) 4.6 74 7,686 Total manufacturing 17.7 247 31,138 Total 100.0 % 2,587 84,423 Diversification by Geography STORE Capitals portfolio is also highly diversified by geography, as the Companys property locations can be found in every state except Hawaii. The following table details the top ten geographical locations of the properties as of September 30, 2020: % of Base Rent and Number of State Interest Properties Texas 10.7 % 266 Illinois 6.1 154 California 5.9 70 Florida 5.4 156 Ohio 5.2 141 Georgia 5.1 143 Wisconsin 4.9 61 Arizona 4.5 85 Tennessee 3.8 117 Minnesota 3.7 90 All other (39 states) (1) 44.7 1,304 Total 100.0 % 2,587 (1) Includes one property in Ontario, Canada which represents 0.3% of base rent and interest. Contracts and Expirations The Company focuses on long-term, triple-net leases with built-in lease escalators and uses master leases, where appropriate. As of September 30, 2020, 99% of the Companys investment portfolio was subject to triple-net leases. Where the Company owns multiple properties leased to a single customer, 93% of this portion of the investment portfolio was subject to master leases. Leases and loans representing approximately 3.8% of the base rent and interest will expire in the next five years (before 2026). The following table sets forth the schedule of lease, loan and financing receivable expirations as of September 30, 2020: % of Base Rent and Number of Year of Lease Expiration or Loan Maturity (1) Interest Properties (2) Remainder of 2020 0.2 % 12 2021 0.6 9 2022 0.4 10 2023 0.6 18 2024 0.7 18 2025 1.3 27 2026 1.5 48 2027 2.0 55 2028 3.4 67 2029 6.2 173 Thereafter 83.1 2,139 Total 100.0 % 2,576 (1) Expiration year of contracts in place as of September 30, 2020, excluding any tenant renewal option periods. (2) Excludes 11 properties that were vacant and not subject to a lease as of September 30, 2020.
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edtsum7139
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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 Amendment to Purchase and Sales 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 2. INTERESTS AND SHORT POSITIONS (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) Long Short Number (%) Number (%) (1) 392,650 0.17% 2,440,290 1.05% (2) 540,999 0.23% 28,200 0.01% (3) 106,599 0.05% 106,599 0.05% (4) 1,040,248 0.45% 2,575,089 1.11% (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) Class of relevant security: Long Short Number (%) Number (%) (1) Relevant securities (2) Derivatives (other than options) (3) Options and agreements to purchase/sell Total Ap20 1. DEALINGS (Note 4) (a) Purchases and sales Number of relevant securities 1 3 4 8 9 9 10 10 13 13 18 26 27 42 46 82 97 100 100 100 200 200 234 300 349 384 400 982 1,049 1,191 2,182 3,316 4,121 5,178 6,000 9,760 12,197 13,249 22,015 27,284 46,879 1 1 1 3 6 11 13 13 13 23 24 43 62 100 100 100 100 100 100 100 100 100 100 100 104 136 153 182 199 200 200 200 200 200 200 200 200 200 201 278 300 300 333 387 391 400 400 400 454 488 500 514 600 700 745 800 900 1,037 1,065 1,200 1,200 1,618 1,674 1,736 2,355 2,718 2,914 3,234 4,123 5,009 5,454 6,000 6,058 6,124 8,028 8,939 10,811 12,405 13,194 19,211 22,797 (b) Derivatives transactions (other than options transactions) SWAP Long 414 201.4985 USD (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying Product name, e.g. call option Writing, selling, purchasing, varying etc. Number of securities to which the option relates (Note 7) Exercise price Type, e.g. American, European etc. Expiry date Option money paid/received per unit (Note 5) (ii) Exercising Product name, e.g. call option Number of securities Exercise price per unit (Note 5) (d) Other dealings (including transactions in respect of new securities) (Note 4) Nature of transaction (Note 8) Details Price per unit (if applicable) (Note 5) Ap21 2. 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 020 3134 7213 SUPPLEMENTAL FORM 8 IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 8.1 AND RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013 DETAILS OF OPEN POSITIONS (This form should be attached to Form 8.1(a) & (b)(i), Form 8.1(b)(ii) or Form 8.3, as appropriate) OPEN POSITIONS (Note 1) relates Purchased -106,599 214.5780 European Oct 20, 2020 Written 106,599 214.5780 European Oct 20, 2020 Notes 1. Where there are open option positions or open derivative positions (except for CFDs), full details should be given. Full details of any existing agreements to purchase or to sell must also be given on this form. 2. For all prices and other monetary amounts, the currency must be stated. For full details of disclosure requirements, see Rule 8 of the Rules. If in doubt, consult the Panel.
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FORM 8.3 - AON PLC - AMENDMENT
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LONDON--(BUSINESS WIRE)-- FORM 8.3 Amendment to Purchase and Sales 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 2. INTERESTS AND SHORT POSITIONS (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3) Long Short Number (%) Number (%) (1) 392,650 0.17% 2,440,290 1.05% (2) 540,999 0.23% 28,200 0.01% (3) 106,599 0.05% 106,599 0.05% (4) 1,040,248 0.45% 2,575,089 1.11% (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3) Class of relevant security: Long Short Number (%) Number (%) (1) Relevant securities (2) Derivatives (other than options) (3) Options and agreements to purchase/sell Total Ap20 1. DEALINGS (Note 4) (a) Purchases and sales Number of relevant securities 1 3 4 8 9 9 10 10 13 13 18 26 27 42 46 82 97 100 100 100 200 200 234 300 349 384 400 982 1,049 1,191 2,182 3,316 4,121 5,178 6,000 9,760 12,197 13,249 22,015 27,284 46,879 1 1 1 3 6 11 13 13 13 23 24 43 62 100 100 100 100 100 100 100 100 100 100 100 104 136 153 182 199 200 200 200 200 200 200 200 200 200 201 278 300 300 333 387 391 400 400 400 454 488 500 514 600 700 745 800 900 1,037 1,065 1,200 1,200 1,618 1,674 1,736 2,355 2,718 2,914 3,234 4,123 5,009 5,454 6,000 6,058 6,124 8,028 8,939 10,811 12,405 13,194 19,211 22,797 (b) Derivatives transactions (other than options transactions) SWAP Long 414 201.4985 USD (c) Options transactions in respect of existing relevant securities (i) Writing, selling, purchasing or varying Product name, e.g. call option Writing, selling, purchasing, varying etc. Number of securities to which the option relates (Note 7) Exercise price Type, e.g. American, European etc. Expiry date Option money paid/received per unit (Note 5) (ii) Exercising Product name, e.g. call option Number of securities Exercise price per unit (Note 5) (d) Other dealings (including transactions in respect of new securities) (Note 4) Nature of transaction (Note 8) Details Price per unit (if applicable) (Note 5) Ap21 2. 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 020 3134 7213 SUPPLEMENTAL FORM 8 IRISH TAKEOVER PANEL DISCLOSURE UNDER RULE 8.1 AND RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013 DETAILS OF OPEN POSITIONS (This form should be attached to Form 8.1(a) & (b)(i), Form 8.1(b)(ii) or Form 8.3, as appropriate) OPEN POSITIONS (Note 1) relates Purchased -106,599 214.5780 European Oct 20, 2020 Written 106,599 214.5780 European Oct 20, 2020 Notes 1. Where there are open option positions or open derivative positions (except for CFDs), full details should be given. Full details of any existing agreements to purchase or to sell must also be given on this form. 2. For all prices and other monetary amounts, the currency must be stated. For full details of disclosure requirements, see Rule 8 of the Rules. If in doubt, consult the Panel.
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edtsum7141
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: PITTSBURGH, July 27, 2020 /PRNewswire/ -- "I wanted to create a way to help alleviate pain for my child when cutting her first tooth," said an inventor, from Waverly Hall, Ga., "so I invented the TEETHING AID." The invention provides an effective teething aid for babies. In doing so, it could help to relieve some pain and discomfort associated with teething. As a result, it could enhance comfort for babies and it provides added peace of mind for parents. The invention features an all-natural design that is easy to apply and use so it is ideal for parents with teething babies. Additionally, it is producible in design variations and a prototype is available. The inventor described the invention design. "My design offers an alternative to using topical numbing agents for teething." The original design was submitted to the Atlanta sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 19-ALL-2057, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com. SOURCE InventHelp Related Links http://www.inventhelp.com
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InventHelp Inventor Develops All-natural Teething Aid for Babies (ALL-2057)
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PITTSBURGH, July 27, 2020 /PRNewswire/ -- "I wanted to create a way to help alleviate pain for my child when cutting her first tooth," said an inventor, from Waverly Hall, Ga., "so I invented the TEETHING AID." The invention provides an effective teething aid for babies. In doing so, it could help to relieve some pain and discomfort associated with teething. As a result, it could enhance comfort for babies and it provides added peace of mind for parents. The invention features an all-natural design that is easy to apply and use so it is ideal for parents with teething babies. Additionally, it is producible in design variations and a prototype is available. The inventor described the invention design. "My design offers an alternative to using topical numbing agents for teething." The original design was submitted to the Atlanta sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 19-ALL-2057, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com. SOURCE InventHelp Related Links http://www.inventhelp.com
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edtsum7145
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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 and SEATTLE, June 22, 2020 /PRNewswire/ -- Qualtrics, the leader in customer experience and creator of the experience management (XM) category, today announced they are releasing a contact tracing solution that streamlines and automates the contact tracing process. The solution provides health departments the ability to contact individuals who have tested positive for COVID-19 and anonymously notify those they have been in contact with that they may have been exposed to the virus. Through an opt-in platform, health departments and local governments responsible for monitoring coronavirus transmission use the solution to contact individuals who have tested positive or are at high risk of contracting COVID-19. People can confidentially share locations they have visited and individuals with whom they have come into contact. Built on the XM Platform the solution automatically notifies impacted individuals and instructs them on next steps so they can take the appropriate safety measures while maintaining individual confidentiality. All data from the contact tracing process is controlled solely by authorized government agencies. The solution does not employ automatic location tracking technology. Governments around the world are turning to Qualtrics to support their communities' needs as theywork to manage the spread of the COVID-19 virus. One example is the City of Houston, the fourth most populous city in the US which is home to more than 2.3 million people. The Houston Health Department is using Qualtrics to supplement the otherwise time-consuming process of obtaining contact information and reaching out personally to individuals who may have been exposed to COVID-19. Through daily contact with infected individuals, the Houston Health Department is able to monitor symptoms, give guidance to those who have been exposed, and help prevent future outbreaks in the city. "Contact tracing is a vital part of containing the spread of disease, preventing broader spread in our community," said Houston Mayor Sylvester Turner. "Supplementing our traditional contact tracing efforts through Qualtrics gives our health department more resources to reach out to people who were potentially exposed to COVID-19, helping protect countless Houstonians." How Qualtrics' contact tracing solution works: Those who have tested positive for COVID-19 are contacted electronically by their local health department through the Qualtrics XM Platform A personal email/SMS from the health department requests a list of contacts and locations they have recently visited and who may have been exposed to the virus Confidential email/SMS is sent to those contacts indicating potential exposure; a COVID-19 test is scheduled through the platform for each potentially exposed individual If at any time contacts shows signs of infection or tests positive, the process is repeated with their contact list and locations Examples of how companies can use Qualtrics' contact tracing: Government officials receive real-time updates on how contact tracing is being executed and the impact the program has on infection rates Health officials identify the locations where an infected individual has traveled and get a summary of high-risk locations and individuals Infected patients anonymously provide information on who they may have had close contact with and locations they have recently visited Call center contact tracers are able to call infected individuals to conduct an interview over the phone, either as an initial outreach or as a follow-up to infected individuals not responding to digital communications All solutions are built on the Qualtrics XM Platform, which maintains the highest security certifications including ISO 27001 and FedRAMP. Qualtrics is also HITRUST certified, which means its technology platform provides customers the tools they need to manage HIPAA compliance. For more information about contact tracing, please visit:www.qualtrics.com/back-to-business-communities About QualtricsQualtrics, the leader in customer experience and creator of the Experience Management (XM) category, is changing the way organizations manage and improve the four core experiences of businesscustomer, employee, product, and brand. Over 11,000 organizations around the world are using Qualtrics to listen, understand, and take action on experience data (X-data)the beliefs, emotions, and intentions that tell you why things are happening, and what to do about it. The Qualtrics XM Platform is a system of action that helps businesses attract customers who stay longer and buy more, engage employees who build a positive culture, develop breakthrough products people love, and build a brand people are passionate about. To learn more, please visit qualtrics.com. CONTACT: [emailprotected] SOURCE Qualtrics Related Links http://www.qualtrics.com
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Qualtrics Introduces Contact Tracing Solution to Help State and Local Governments Control the Spread of COVID-19
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SALT LAKE CITY and SEATTLE, June 22, 2020 /PRNewswire/ -- Qualtrics, the leader in customer experience and creator of the experience management (XM) category, today announced they are releasing a contact tracing solution that streamlines and automates the contact tracing process. The solution provides health departments the ability to contact individuals who have tested positive for COVID-19 and anonymously notify those they have been in contact with that they may have been exposed to the virus. Through an opt-in platform, health departments and local governments responsible for monitoring coronavirus transmission use the solution to contact individuals who have tested positive or are at high risk of contracting COVID-19. People can confidentially share locations they have visited and individuals with whom they have come into contact. Built on the XM Platform the solution automatically notifies impacted individuals and instructs them on next steps so they can take the appropriate safety measures while maintaining individual confidentiality. All data from the contact tracing process is controlled solely by authorized government agencies. The solution does not employ automatic location tracking technology. Governments around the world are turning to Qualtrics to support their communities' needs as theywork to manage the spread of the COVID-19 virus. One example is the City of Houston, the fourth most populous city in the US which is home to more than 2.3 million people. The Houston Health Department is using Qualtrics to supplement the otherwise time-consuming process of obtaining contact information and reaching out personally to individuals who may have been exposed to COVID-19. Through daily contact with infected individuals, the Houston Health Department is able to monitor symptoms, give guidance to those who have been exposed, and help prevent future outbreaks in the city. "Contact tracing is a vital part of containing the spread of disease, preventing broader spread in our community," said Houston Mayor Sylvester Turner. "Supplementing our traditional contact tracing efforts through Qualtrics gives our health department more resources to reach out to people who were potentially exposed to COVID-19, helping protect countless Houstonians." How Qualtrics' contact tracing solution works: Those who have tested positive for COVID-19 are contacted electronically by their local health department through the Qualtrics XM Platform A personal email/SMS from the health department requests a list of contacts and locations they have recently visited and who may have been exposed to the virus Confidential email/SMS is sent to those contacts indicating potential exposure; a COVID-19 test is scheduled through the platform for each potentially exposed individual If at any time contacts shows signs of infection or tests positive, the process is repeated with their contact list and locations Examples of how companies can use Qualtrics' contact tracing: Government officials receive real-time updates on how contact tracing is being executed and the impact the program has on infection rates Health officials identify the locations where an infected individual has traveled and get a summary of high-risk locations and individuals Infected patients anonymously provide information on who they may have had close contact with and locations they have recently visited Call center contact tracers are able to call infected individuals to conduct an interview over the phone, either as an initial outreach or as a follow-up to infected individuals not responding to digital communications All solutions are built on the Qualtrics XM Platform, which maintains the highest security certifications including ISO 27001 and FedRAMP. Qualtrics is also HITRUST certified, which means its technology platform provides customers the tools they need to manage HIPAA compliance. For more information about contact tracing, please visit:www.qualtrics.com/back-to-business-communities About QualtricsQualtrics, the leader in customer experience and creator of the Experience Management (XM) category, is changing the way organizations manage and improve the four core experiences of businesscustomer, employee, product, and brand. Over 11,000 organizations around the world are using Qualtrics to listen, understand, and take action on experience data (X-data)the beliefs, emotions, and intentions that tell you why things are happening, and what to do about it. The Qualtrics XM Platform is a system of action that helps businesses attract customers who stay longer and buy more, engage employees who build a positive culture, develop breakthrough products people love, and build a brand people are passionate about. To learn more, please visit qualtrics.com. CONTACT: [emailprotected] SOURCE Qualtrics Related Links http://www.qualtrics.com
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edtsum7149
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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 and BOSTON and BASEL, Switzerland, Feb. 26, 2021 /PRNewswire/ --Roivant Sciences today announced it has entered into a definitive agreement to acquire Silicon Therapeutics for $450 million in Roivant equity, with additional potential regulatory and commercial milestone payments. (PRNewsfoto/Roivant Sciences) Silicon Therapeutics has built a proprietary industry-leading computational physics platform for the in silico design and optimization of small molecule drugs for challenging disease targets. The platform includes custom methods based on quantum mechanics, molecular dynamics and statistical thermodynamics to overcome critical bottlenecks in drug discovery projects, such as predicting binding energies and conformational behavior of molecules. Silicon Therapeutics' computational platform is powered by a proprietary supercomputing cluster and custom hardware enabling accurate all-atom simulations at biologically meaningful timescales. This computational platform is tightly integrated with experimental laboratories equipped for biophysics, medical chemistry and biology in order to facilitate the rapid progression of drug candidates by augmenting simulations with biophysical data. The company has used these capabilities to discover multiple drug candidates. The acquisition of Silicon Therapeutics bolsters and complements Roivant's targeted protein degradation platform. That platform will be powered by VantAI's advanced machine learning models trained on proprietary degrader-specific experimental data and by Silicon Therapeutics' proprietary computational physics capabilities, which help address many of the modality-specific challenges of degrader design and optimization. Integrating Silicon Therapeutics and VantAI will enable Roivant to distinctively capture the power of both computational physics and machine learning-based approaches to drug design; for instance, by incorporating proprietary computational physics simulations as training data for VantAI's degrader-specific deep learning models.The combination of Silicon Therapeutics and VantAI also gives Roivant distinctive advantages in designing other types of novel small molecule drugs against difficult targets, such as allosteric inhibitors, molecular glues and high-affinity ligands.Silicon Therapeutics' drug discovery efforts are led by Drs. Woody Sherman, Huafeng Xu and Chris Winter, who will join Roivant's drug discovery leadership.Dr. Sherman is a recognized leader in computational chemistry and biomolecular simulations who spent 12 years as a senior scientific executive at Schrdinger, where he served as vice president and global head of applications science. Dr. Sherman is an authority in the emerging field of physics-driven drug design who has developed novel methods for free energy simulations, conformational modulation, virtual screening, improved force fields, lead optimization and precision selectivity design. Dr. Xu is a pioneer in novel molecular dynamics methods who spent 12 years at D. E. Shaw Research where he led development of the methods and software for free energy calculations that are now widely used in the pharmaceutical industry, including the Anton chip and Desmond software.Dr. Winter is an accomplished drug discovery biologist who has delivered 11 targeted cancer therapies into clinical development. Before joining Silicon Therapeutics, Dr. Winter served as Sanofi Oncology's head of discovery biology. He joined Sanofi from Blueprint Medicines, where he served as head of biology. Prior to Blueprint, Dr. Winter held senior research positions at Merck Research Laboratories and Exelixis."We are delighted to integrate Silicon Therapeutics into Roivant as we continue to expand our capabilities in computationally-powered drug discovery," said Matt Gline, chief executive officer of Roivant Sciences. "We intend to leverage our established development apparatus as we rapidly advance promising compounds from our drug discovery engine into clinical studies.""Silicon Therapeutics was founded with a vision of transforming the pharmaceutical industry through use of technology," said Lanny Sun, co-founder and chief executive officer of Silicon Therapeutics. "By joining forces with Roivant, we can significantly accelerate making this vision a reality. Roivant has an impressive track record in clinical execution and building and deploying technology platforms to power pharmaceutical research, development and commercialization." "The combination of Silicon Therapeutics' integrated approach, platform and highly capable team with Roivant's technologies and commitment to transforming the pharmaceutical industry represents a new and exciting paradigm in drug discovery and development," said Roger Pomerantz, M.D., F.A.C.P., chairman of the board of directors of Silicon Therapeutics.The acquisition is subject to customary closing conditions including receipt of requisite regulatory approvals.About Roivant SciencesRoivant's mission is to improve the delivery of healthcare to patients by treating every inefficiency as an opportunity. Roivant develops transformative medicines faster by building technologies and developing talent in creative ways, leveraging the Roivant platform to launch Vants nimble and focused biopharmaceutical and health technology companies. For more information, please visitwww.roivant.com.Contact:Paul Davis[emailprotected] SOURCE Roivant Sciences Related Links http://www.roivant.com
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Roivant Grows Computational Drug Discovery Engine with Acquisition of Silicon Therapeutics
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NEW YORK and BOSTON and BASEL, Switzerland, Feb. 26, 2021 /PRNewswire/ --Roivant Sciences today announced it has entered into a definitive agreement to acquire Silicon Therapeutics for $450 million in Roivant equity, with additional potential regulatory and commercial milestone payments. (PRNewsfoto/Roivant Sciences) Silicon Therapeutics has built a proprietary industry-leading computational physics platform for the in silico design and optimization of small molecule drugs for challenging disease targets. The platform includes custom methods based on quantum mechanics, molecular dynamics and statistical thermodynamics to overcome critical bottlenecks in drug discovery projects, such as predicting binding energies and conformational behavior of molecules. Silicon Therapeutics' computational platform is powered by a proprietary supercomputing cluster and custom hardware enabling accurate all-atom simulations at biologically meaningful timescales. This computational platform is tightly integrated with experimental laboratories equipped for biophysics, medical chemistry and biology in order to facilitate the rapid progression of drug candidates by augmenting simulations with biophysical data. The company has used these capabilities to discover multiple drug candidates. The acquisition of Silicon Therapeutics bolsters and complements Roivant's targeted protein degradation platform. That platform will be powered by VantAI's advanced machine learning models trained on proprietary degrader-specific experimental data and by Silicon Therapeutics' proprietary computational physics capabilities, which help address many of the modality-specific challenges of degrader design and optimization. Integrating Silicon Therapeutics and VantAI will enable Roivant to distinctively capture the power of both computational physics and machine learning-based approaches to drug design; for instance, by incorporating proprietary computational physics simulations as training data for VantAI's degrader-specific deep learning models.The combination of Silicon Therapeutics and VantAI also gives Roivant distinctive advantages in designing other types of novel small molecule drugs against difficult targets, such as allosteric inhibitors, molecular glues and high-affinity ligands.Silicon Therapeutics' drug discovery efforts are led by Drs. Woody Sherman, Huafeng Xu and Chris Winter, who will join Roivant's drug discovery leadership.Dr. Sherman is a recognized leader in computational chemistry and biomolecular simulations who spent 12 years as a senior scientific executive at Schrdinger, where he served as vice president and global head of applications science. Dr. Sherman is an authority in the emerging field of physics-driven drug design who has developed novel methods for free energy simulations, conformational modulation, virtual screening, improved force fields, lead optimization and precision selectivity design. Dr. Xu is a pioneer in novel molecular dynamics methods who spent 12 years at D. E. Shaw Research where he led development of the methods and software for free energy calculations that are now widely used in the pharmaceutical industry, including the Anton chip and Desmond software.Dr. Winter is an accomplished drug discovery biologist who has delivered 11 targeted cancer therapies into clinical development. Before joining Silicon Therapeutics, Dr. Winter served as Sanofi Oncology's head of discovery biology. He joined Sanofi from Blueprint Medicines, where he served as head of biology. Prior to Blueprint, Dr. Winter held senior research positions at Merck Research Laboratories and Exelixis."We are delighted to integrate Silicon Therapeutics into Roivant as we continue to expand our capabilities in computationally-powered drug discovery," said Matt Gline, chief executive officer of Roivant Sciences. "We intend to leverage our established development apparatus as we rapidly advance promising compounds from our drug discovery engine into clinical studies.""Silicon Therapeutics was founded with a vision of transforming the pharmaceutical industry through use of technology," said Lanny Sun, co-founder and chief executive officer of Silicon Therapeutics. "By joining forces with Roivant, we can significantly accelerate making this vision a reality. Roivant has an impressive track record in clinical execution and building and deploying technology platforms to power pharmaceutical research, development and commercialization." "The combination of Silicon Therapeutics' integrated approach, platform and highly capable team with Roivant's technologies and commitment to transforming the pharmaceutical industry represents a new and exciting paradigm in drug discovery and development," said Roger Pomerantz, M.D., F.A.C.P., chairman of the board of directors of Silicon Therapeutics.The acquisition is subject to customary closing conditions including receipt of requisite regulatory approvals.About Roivant SciencesRoivant's mission is to improve the delivery of healthcare to patients by treating every inefficiency as an opportunity. Roivant develops transformative medicines faster by building technologies and developing talent in creative ways, leveraging the Roivant platform to launch Vants nimble and focused biopharmaceutical and health technology companies. For more information, please visitwww.roivant.com.Contact:Paul Davis[emailprotected] SOURCE Roivant Sciences Related Links http://www.roivant.com
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edtsum7153
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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, July 14, 2020 /PRNewswire/ --Ectron Corporation (www.ectron.com) today announced it has joined Microsoft Azure Certified for Internet of Things (IoT), ensuring customers get IoT solutions up and running quickly with hardware and software that has been pre-tested and verified to work with Microsoft Azure IoT services. Microsoft Azure Certified for IoT allows businesses to reach customers where they are, working with an ecosystem of devices and platforms, allowing for faster time to production. Continue Reading Ectron Corporation Ectron Corporation, based in San Diego, California supplies ruggedized signal conditioners, amplifiers, and thermocouple calibrators.Ectron's Azure IoT certified family of ECT-ECI edge computers (https://www.ectron.com/product/edge-computer-ect-eci) enable our customers to deploy Ectron's plug and play solution for IIoT (Industrial Internet of Things) and provide edge and cloud analytics working with Microsoft Azure. "Microsoft Azure Certified for IoT validates our ability to jumpstart customers' IoT projects with pre-tested device and operating system combinations," said Gautam Kavipurapu, Ectron's COO and VP of engineering. "Decreasing the usual customization and work required for compatibility ensures Ectron helps customers get started quickly on their IoT solution." "Microsoft Azure Certified for IoT extends our promise to bring IoT to business scale, starting with interoperable solutions from leading technology companies around the world," said Jerry Lee, Director of Marketing for Azure Internet of Things, Microsoft Corp. "With trusted offerings and verified partners, Microsoft Azure Certified for IoT accelerates the deployment of IoT even further."IoT projects are complex and take a long time to implement. Customers find that choosing and connecting the right set of devices, assets or sensors to the cloud can be time-consuming. To jumpstart their IoT projects with confidence, customers are looking for certified devices and platforms that are tested for readiness, compatibility and usability with the Microsoft Azure IoT Suite. By choosing a partner from the Microsoft Azure Certified for IoT program, customers can save time and effort on project specs and RFP processes by knowing in advance what devices and offerings will work with the Azure IoT Suite.Learn more about this collaboration at Azure Certified for IoTand explore the Azure IoT Suitetoday.About Ectron Corporation:Founded in 1964 and based in San Diego, California, Ectron supplies ruggedized amplifiers, signal conditioners that operate at 25g to 100g, simulator calibrators for use in the field and in labs for various applications.Ectron also provides SmartEYETMPaaS (Platform as a Service) for IIoT. SmartEYETMis a one-stop solution of sensors, networking, gateways and Microsoft Azure based cloud analytics.Ectron will provide SmartEYETM in collaboration with Microsoft, Arrow Electronics and industry-leading partners for sensors, enclosures, networking.Ectron is a vendor partner with CMTC (www.cmtc.com) and a member of CESMII (www.cesmii.org) a DOE-funded organization.For more information contact:Diane Miller, Marketing, Ectron Corporation, (858)278-0600, [emailprotected]Related FilesEctron_Azure_IoT_press_release.docxRelated Imagesect-eci-computer.jpg ECT-ECI Computer SOURCE Ectron Corporation Related Links http://www.ectron.com
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Ectron Corporation Collaborates With Microsoft to Accelerate Internet of Things Solutions Verified hardware and software enhance interoperability and allow faster time to production
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SAN DIEGO, July 14, 2020 /PRNewswire/ --Ectron Corporation (www.ectron.com) today announced it has joined Microsoft Azure Certified for Internet of Things (IoT), ensuring customers get IoT solutions up and running quickly with hardware and software that has been pre-tested and verified to work with Microsoft Azure IoT services. Microsoft Azure Certified for IoT allows businesses to reach customers where they are, working with an ecosystem of devices and platforms, allowing for faster time to production. Continue Reading Ectron Corporation Ectron Corporation, based in San Diego, California supplies ruggedized signal conditioners, amplifiers, and thermocouple calibrators.Ectron's Azure IoT certified family of ECT-ECI edge computers (https://www.ectron.com/product/edge-computer-ect-eci) enable our customers to deploy Ectron's plug and play solution for IIoT (Industrial Internet of Things) and provide edge and cloud analytics working with Microsoft Azure. "Microsoft Azure Certified for IoT validates our ability to jumpstart customers' IoT projects with pre-tested device and operating system combinations," said Gautam Kavipurapu, Ectron's COO and VP of engineering. "Decreasing the usual customization and work required for compatibility ensures Ectron helps customers get started quickly on their IoT solution." "Microsoft Azure Certified for IoT extends our promise to bring IoT to business scale, starting with interoperable solutions from leading technology companies around the world," said Jerry Lee, Director of Marketing for Azure Internet of Things, Microsoft Corp. "With trusted offerings and verified partners, Microsoft Azure Certified for IoT accelerates the deployment of IoT even further."IoT projects are complex and take a long time to implement. Customers find that choosing and connecting the right set of devices, assets or sensors to the cloud can be time-consuming. To jumpstart their IoT projects with confidence, customers are looking for certified devices and platforms that are tested for readiness, compatibility and usability with the Microsoft Azure IoT Suite. By choosing a partner from the Microsoft Azure Certified for IoT program, customers can save time and effort on project specs and RFP processes by knowing in advance what devices and offerings will work with the Azure IoT Suite.Learn more about this collaboration at Azure Certified for IoTand explore the Azure IoT Suitetoday.About Ectron Corporation:Founded in 1964 and based in San Diego, California, Ectron supplies ruggedized amplifiers, signal conditioners that operate at 25g to 100g, simulator calibrators for use in the field and in labs for various applications.Ectron also provides SmartEYETMPaaS (Platform as a Service) for IIoT. SmartEYETMis a one-stop solution of sensors, networking, gateways and Microsoft Azure based cloud analytics.Ectron will provide SmartEYETM in collaboration with Microsoft, Arrow Electronics and industry-leading partners for sensors, enclosures, networking.Ectron is a vendor partner with CMTC (www.cmtc.com) and a member of CESMII (www.cesmii.org) a DOE-funded organization.For more information contact:Diane Miller, Marketing, Ectron Corporation, (858)278-0600, [emailprotected]Related FilesEctron_Azure_IoT_press_release.docxRelated Imagesect-eci-computer.jpg ECT-ECI Computer SOURCE Ectron Corporation Related Links http://www.ectron.com
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edtsum7173
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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, June 25, 2020 /PRNewswire/ --EoS Fitness, a leader in the fitness industry with its High Value Low Price (HVLP) gyms and Black Box VR, an award-winning pioneer in virtual reality fitness announced today an exclusive partnership to help transform members' health and fitness goals with state-of-the-art VR gaming technology. EoS Fitness and Black Box VR Join Forces, Pilot First Dynamic Resistance Virtual Reality Workouts in U.S. Gyms Launching this summer in four EoS Fitness locations across Arizona and California, EoS will be the first national gym brand in the U.S. to offer its members a VR workout that combines dynamic resistance training and high-intensity cardio with sensory and immersive technology. Using a VR headset and other wearable accessories to track hand and body motions as well as estimate heart and metabolic rates, gymgoers step into a private 10-foot-by-10-foot space to battle it out within a VR gaming environment. Offering the perfect social distancing workout, the individualized VRworkoutsare designed to build strength, increase cardiovascular endurance, decrease body fat and increase muscle, providing the benefits of an entertaining, complete body workout with instruction, intuitive tutorials and competition. "Black Box VR is a first for the fitness industry. Whether our members are super competitive or simply want to challenge themselves with something new, this full body, strength-training-based workout is an innovative new option to ensure working out at the gym is never boring. Our goal is to continue to challenge our members and communities by bringing them cutting-edge fitness options to keep them coming back for more. Black Box VR completely tests your physical limits, all while playing a game," said Rich Drengberg, CEO of EoS Fitness. The Black Box VR fitness experience is not only addictive and enjoyable, but creates a low-impact workout environment, helping users push past limits. Recommended sets and reps automatically adjust while artificial intelligence tracks movements, corrects form and changes resistance to keep gymgoers in a muscle building, fat burning zone."We couldn't be more proud to bring this fitness innovation to the world with EoS Fitness as our partner. The entire EoS team is focused on helping members reach their fitness goals and they relentlessly seek out the exciting new ways to make that possible. There's no better place to launch the VR fitness revolution than right inside an EoS Fitness club," said Ryan DeLuca, Co-Founder and CEO of Black Box VR. "The AI tracks your stats and pushes you, in real time, to build muscle, lose fat and enjoy every time-optimized, 30-minute workout. We've cracked the code in getting people to stick to their workouts. Black Box VR is gaming + serious fitness," added Preston Lewis, Co-Founder and Chief Creative Officer of Black Box VR.Following an initial free trial, the experience will be available to EoS members as an add-on amenity. Over the next 24 months, gymgoers can expect to see Black Box VR in all markets where EoS Fitness is located, including the following four locations this summer: Oceanside, Calif. and Scottsdale, Ariz., early July Tempe and Peoria, Ariz., early August For more information or to join EoS Fitness, visit https://eosfitness.com/virtual-fitnessAbout EoS Fitness EoS Fitness is rapidly growing its high value low price (HVLP) fitness gym chain, operating and planning over 75 locations in Arizona, Nevada, Southern California, Florida and Utah. EoS model is a disruptive force within the fitness club industry, providing serious fitness for everyone, while offering an unmatched array of amenities starting at just $9.99 per month. Visiteosfitness.comto learn more.About Black Box VRFounded in early 2016, health & fitness industry veterans Preston Lewis & Ryan DeLuca decided something in the industry needed to change. Even after successfully building Bodybuilding.com to $500M in revenue and creating some of the world's most popular fitness apps and tools, they still saw the same glaring problem again and again: people hate working out and lack consistency. After experiencing the immersive power of VR, Ryan and Preston knew this technology, when paired with resistance training and addictive game principles, would be the paradigm shift the industry needed to finally keep people on track. With this, the vision for Black Box was born. Black Box applies the addictive qualities of gaming and immersive technologies to working out, which will revolutionize the fitness industry. SOURCE EoS Fitness
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EoS Fitness and Black Box VR Join Forces, Pilot First Dynamic Resistance Virtual Reality Workouts in U.S. Gyms
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SAN DIEGO, June 25, 2020 /PRNewswire/ --EoS Fitness, a leader in the fitness industry with its High Value Low Price (HVLP) gyms and Black Box VR, an award-winning pioneer in virtual reality fitness announced today an exclusive partnership to help transform members' health and fitness goals with state-of-the-art VR gaming technology. EoS Fitness and Black Box VR Join Forces, Pilot First Dynamic Resistance Virtual Reality Workouts in U.S. Gyms Launching this summer in four EoS Fitness locations across Arizona and California, EoS will be the first national gym brand in the U.S. to offer its members a VR workout that combines dynamic resistance training and high-intensity cardio with sensory and immersive technology. Using a VR headset and other wearable accessories to track hand and body motions as well as estimate heart and metabolic rates, gymgoers step into a private 10-foot-by-10-foot space to battle it out within a VR gaming environment. Offering the perfect social distancing workout, the individualized VRworkoutsare designed to build strength, increase cardiovascular endurance, decrease body fat and increase muscle, providing the benefits of an entertaining, complete body workout with instruction, intuitive tutorials and competition. "Black Box VR is a first for the fitness industry. Whether our members are super competitive or simply want to challenge themselves with something new, this full body, strength-training-based workout is an innovative new option to ensure working out at the gym is never boring. Our goal is to continue to challenge our members and communities by bringing them cutting-edge fitness options to keep them coming back for more. Black Box VR completely tests your physical limits, all while playing a game," said Rich Drengberg, CEO of EoS Fitness. The Black Box VR fitness experience is not only addictive and enjoyable, but creates a low-impact workout environment, helping users push past limits. Recommended sets and reps automatically adjust while artificial intelligence tracks movements, corrects form and changes resistance to keep gymgoers in a muscle building, fat burning zone."We couldn't be more proud to bring this fitness innovation to the world with EoS Fitness as our partner. The entire EoS team is focused on helping members reach their fitness goals and they relentlessly seek out the exciting new ways to make that possible. There's no better place to launch the VR fitness revolution than right inside an EoS Fitness club," said Ryan DeLuca, Co-Founder and CEO of Black Box VR. "The AI tracks your stats and pushes you, in real time, to build muscle, lose fat and enjoy every time-optimized, 30-minute workout. We've cracked the code in getting people to stick to their workouts. Black Box VR is gaming + serious fitness," added Preston Lewis, Co-Founder and Chief Creative Officer of Black Box VR.Following an initial free trial, the experience will be available to EoS members as an add-on amenity. Over the next 24 months, gymgoers can expect to see Black Box VR in all markets where EoS Fitness is located, including the following four locations this summer: Oceanside, Calif. and Scottsdale, Ariz., early July Tempe and Peoria, Ariz., early August For more information or to join EoS Fitness, visit https://eosfitness.com/virtual-fitnessAbout EoS Fitness EoS Fitness is rapidly growing its high value low price (HVLP) fitness gym chain, operating and planning over 75 locations in Arizona, Nevada, Southern California, Florida and Utah. EoS model is a disruptive force within the fitness club industry, providing serious fitness for everyone, while offering an unmatched array of amenities starting at just $9.99 per month. Visiteosfitness.comto learn more.About Black Box VRFounded in early 2016, health & fitness industry veterans Preston Lewis & Ryan DeLuca decided something in the industry needed to change. Even after successfully building Bodybuilding.com to $500M in revenue and creating some of the world's most popular fitness apps and tools, they still saw the same glaring problem again and again: people hate working out and lack consistency. After experiencing the immersive power of VR, Ryan and Preston knew this technology, when paired with resistance training and addictive game principles, would be the paradigm shift the industry needed to finally keep people on track. With this, the vision for Black Box was born. Black Box applies the addictive qualities of gaming and immersive technologies to working out, which will revolutionize the fitness industry. SOURCE EoS Fitness
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edtsum7180
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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: SANDUSKY, Ohio, April 23, 2021 /PRNewswire/ --Civista Bancshares, Inc. (NASDAQ: CIVB) ("Civista") announced its unaudited financial results for the three months ending March 31, 2021. First quarter highlights Net income of $10.8 million, or $0.68 per diluted share, for the first quarter of 2021, compared to $7.8 million, or $0.47 per diluted share, for the first quarter of 2020. COVID19 loan deferrals in effect were 3.4% of total loans at period end, compared to 3.6% at December 31, 2020 and 21.3% at June 30, 2020. The bank has not experienced any specific loan losses attributed to COVID19 closures in 2020 or 2021. Quarterly dividend increased to $0.12 which is equivalent to a yield of 2.09% based on the March 31, 2021 market close of $22.94 and a dividend payout ratio of 17.65%. Recorded quarterly gain on sale of mortgage loans of $2.7 million compared to $827 thousand for the same period last year. "I am very pleased with the results of the first quarter of 2021. Our mortgage business set a record for the most revenue in a quarter in our Company's history. We continue to work toward a digital transformation with our online and mobile banking and expect to have new offerings in these areas before the end of the second quarter. In the midst of increasing our digital offerings we are constantly looking at our branch footprint. We will be closing two of our smaller offices in July. We have continued to manage capital through our stock repurchase program as well as dividends. We announced this week a new stock repurchase authorization and increased in our dividend in January 2021." said Dennis G. Shaffer, President and CEO of Civista. Results of Operations: For the three-month period ended March 31, 2021 and 2020 Net interest income increased $1.7 million, or 7.7%, for the first quarter of 2021 compared to the same period of 2020, due to a $723 thousand increase in interest income of as well as a decrease in interest expense of $1.0 million. Interest income included $3.1 million of accretion of Paycheck Protection Program ("PPP") loan fees during the quarter. Interest income increased $723 thousand, or 2.9%, for the first quarter of 2021. Average yields decreased 107 basis points which resulted in a $3.6 million decrease in interest income. Average earning assets increased $774.5 million, which resulted in a $4.3 million increase in interest income. PPP loans accounted for $248.7 million of the increase in average earning assets at a yield of 6.07%, including fee accretion. Removing the impact of PPP loans, the yield on earning assets would have been 22 basis points lower. Included in interest income is $3.1 million of accretion of PPP fees as well as accretion income associated with purchased loan portfolios of $622 thousand. Interest expense decreased $1.0 million, or 34.3%, for the first quarter of 2021, compared to the same period last year. The average rate paid on interest-bearing liabilities decreased 39 basis points, while average interest-bearing liabilities increased $332.9 million. Net interest margin decreased 80 basis points to 3.30% for the first quarter of 2021, compared to 4.10% for the same period a year ago. In addition to the PPP loans, earning assets were inflated by a $5.6 billion influx of stimulus funds in early January. While the funds were only in the Company's Fed account for a short time, they increased average earning assets by $258 million for the quarter and reduced net interest margin by 30 basis points. These funds were in addition to the cash normally generated by the Company's tax refund processing program that contributed $126 million in average interest-bearing cash balances during the quarter. PPP loans averaged $258.7 million during the quarter at an average yield of 6.07% including the related fee accretion which increased the margin by 26 basis points. Average Balance Analysis (Unaudited - Dollars in thousands) Three Months Ended March 31, 2021 2020 Average Yield/ Average Yield/ Assets: balance Interest rate * balance Interest rate * Interest-earning assets: Loans ** $ 2,069,419 $ 22,783 4.47% $ 1,725,685 $ 21,673 5.05% Taxable securities 174,740 1,275 3.08% 187,604 1,416 3.13% Non-taxable securities 207,573 1,518 4.12% 197,583 1,512 4.22% Interest-bearing deposits in other banks 554,921 149 0.11% 121,296 401 1.33% Total interest-earning assets $ 3,006,653 25,725 3.55% $ 2,232,168 25,002 4.62% Noninterest-earning assets: Cash and due from financial institutions 27,760 168,350 Premises and equipment, net 22,509 22,737 Accrued interest receivable 8,569 6,751 Intangible assets 84,862 85,083 Bank owned life insurance 46,062 28,550 Other assets 37,162 45,086 Less allowance for loan losses (25,590) (14,927) Total Assets $ 3,207,987 $ 2,573,798 Liabilities and Shareholders' Equity: Interest-bearing liabilities: Demand and savings $ 1,248,717 $ 343 0.11% $ 894,892 $ 606 0.27% Time 284,042 917 1.31% 280,701 1,379 1.98% FHLB 125,000 443 1.44% 157,749 581 1.48% Other borrowings - - 0.00% 610 2 1.32% Subordinated debentures 29,427 186 2.56% 29,427 313 4.28% Repurchase agreements 31,178 8 0.10% 22,123 6 0.11% Total interest-bearing liabilities $ 1,718,364 1,897 0.45% $ 1,385,502 2,887 0.84% Noninterest-bearing deposits 1,100,023 799,540 Other liabilities 39,975 56,154 Shareholders' equity 349,625 332,602 Total Liabilities and Shareholders' Equity $ 3,207,987 $ 2,573,798 Net interest income and interest rate spread $ 23,828 3.10% $ 22,115 3.78% Net interest margin 3.30% 4.10% * - Average yields are presented on a tax equivalent basis. The tax equivalent effect associated with loans and investments, included in the yields above, was $407 thousand and $406 thousand for the periods ended March 31, 2021 and 2020, respectively. ** - Average balance includes nonaccrual loans Provision for loan losses was $830 thousand for the first quarter of 2021 compared to $2.1 million for the first quarter of 2020. As the pandemic has progressed, restrictions have been eased and additional stimulus was injected into the economy. With the government relief and the vaccination programs, and resumption of many business activities, the negative impacts of the pandemic have not yet been realized. For the first quarter of 2021, noninterest income totaled $9.2 million, an increase of $2.3 million, or 33.7%, compared to the prior year's first quarter. Noninterest income (unaudited - dollars in thousands) Three months ended March 31, 2021 2020 $ change % change Service charges $ 1,256 $ 1,468 $ (212) -14.4% Net loss on sale of securities (1) - (1) 0.0% Net gain/(loss) on equity securities 88 (141) 229 162.4% Net gain on sale of loans 2,745 827 1,918 231.9% ATM/Interchange fees 1,248 894 354 39.6% Wealth management fees 1,146 1,006 140 13.9% Bank owned life insurance 243 250 (7) -2.8% Tax refund processing fees 1,900 1,900 - 0.0% Swap fees 76 338 (262) -77.5% Other 489 334 155 46.4% Total noninterest income $ 9,190 $ 6,876 $ 2,314 33.7% Service charge income decreased primarily due to a $275.5 thousand decrease in overdraft fees. Since the beginning of the COVID-19 pandemic, customer behavior has changed, resulting in fewer overdrafts. Net gain on sale of loans increased due to an increase in the volume of loans sold of $42.2 million as well as an increase in the premium on sold loans of 120 basis points, compared to a year ago. ATM/Interchange fees increased as a result of increased transaction volume and incentives from our network providers. Wealth management fees increased as a result of increased assets under management, primarily driven by market gains. For the first quarter of 2021, noninterest expense totaled $19.4 million, an increase of $1.5 million, or 8.6%, compared to the prior year's first quarter. Noninterest expense (unaudited - dollars in thousands) Three months ended March 31, 2021 2020 $ change % change Compensation expense $ 11,782 $ 10,871 $ 911 8.4% Net occupancy and equipment 1,638 1,482 156 10.5% Contracted data processing 443 450 (7) -1.6% Taxes and assessments 884 579 305 52.7% Professional services 738 737 1 0.1% Amortization of intangible assets 223 231 (8) -3.5% ATM/Interchange expense 593 447 146 32.7% Marketing 299 356 (57) -16.0% Software maintenance expense 508 437 71 16.2% Other 2,282 2,266 16 0.7% Total noninterest expense $ 19,390 $ 17,856 $ 1,534 8.6% Compensation expense increased primarily due to annual pay increases, which occur every year in April and commissions. Annual pay increases in April 2020 averaged 3.3%. Commissions increased $421.2 thousand, or 32.8% as a result of increased loan activity. The increase in net occupancy is the result of increased COVID-19 pandemic related expenses to janitorial services and supplies of $129 thousand and an increase in grounds maintenance of $150 thousand for snow removal. These increases were partially offset by a decrease in equipment expense of $104.8 thousand. The quarter-over-quarter increase in taxes and assessments was primarily attributable to an increase in the FDIC assessment of $159.0 thousand due to credit for small banks applied to the March 2020 assessments. The efficiency ratio was 54.9% for the quarter ended March 31, 2021 compared to 60.7% for the quarter ended March 31, 2020. The change in the efficiency ratio is primarily due to increases in both noninterest income and net interest income. Civista's effective income tax rate for the first quarter 2021 was 15.9% compared to 13.1% in 2020. Balance Sheet Total assets increased $294.5 million, or 10.7%, from December 31, 2020 to March 31, 2021, primarily due to an increase in cash of $297.7 million, or 213.4%. Loans held for sale increased $3.8 million, or 53.8%. The loan portfolio increased $2.7 million, which includes an increase in PPP loans of $29.3 million. End of period loan balances (unaudited - dollars in thousands) March 31, December 31, 2021 2020 $ Change % Change Commercial and Agriculture 1 $ 419,666 $ 409,876 $ 9,790 2.4% Commercial Real Estate: Owner Occupied 274,747 278,413 (3,666) -1.3% Non-owner Occupied 723,656 705,072 18,584 2.6% Residential Real Estate 431,506 442,588 (11,082) -2.5% Real Estate Construction 171,121 175,609 (4,488) -2.6% Farm Real Estate 28,043 33,102 (5,059) -15.3% Consumer and Other 11,500 12,842 (1,342) -10.5% Total Loans $ 2,060,239 $ 2,057,502 $ 2,737 0.1% 1March 31, 2021 includes PPP loans totaling $246,636 and December 31, 2020 includes PPP loans totaling $217,295. Loan balances were flat in the first quarter, including the PPP balances. Removing the effect of the PPP loans, the loan portfolio declined $26.6 million or 1.4%. Commercial Real Estate continued to grow due to consistent demand in the Non-owner Occupied category. Due to an influx of governmental stimulus money through PPP and individual incentives, revolving lines of credit reduced $21.2 million ($17.9 million commercial and $3.3 million consumer). Real Estate Construction fell slightly as a few projects that were completed moved to other categories and construction draws slow down due to the weather. Construction demand remains strong and construction availability remains near all-time highs. The decrease in Residential Real Estate continues as a result of portfolio loans refinanced into saleable mortgage products. Paycheck Protection Program In total, we processed over 3,500 loans totaling $387.6 million, of which $141.0 million have been forgiven or have paid off. Prepaid SBA fees totaling approximately $15.6million have been booked and are being recognized in interest income over the life of the PPP loans, or as the underlying loan is forgiven by the SBA. During the quarter, $3.1 million of PPP fees were accreted to income. At March 31, 2021, $7.8 million of prepaid SBA fees remain. "We believe that the PPP program has been instrumental in assisting small businesses and their employees. The SBA tightened the rules for PPP Round 2 to focus aid to smaller businesses and reduce potential fraud. This resulted in a lower number or applications. During the quarter, we approved 1,238 new loans, funding a total of $119.8 million. We expect to continue to support our customers until the funding runs out" said Dennis G. Shaffer, President and CEO of Civista. COVID-19 Loan Modifications In the 2nd quarter of 2020, in the initial days of the pandemic, Civista booked 90-day payment modifications on 813 loans totaling $431.3 million. Additional 90-day modifications were extended on 100 of these loans, totaling $124.4 million. Both deferral programs primarily consisting of the deferral of principal and/or interest payments. All subsequent modifications were on loans which were performing at December 31, 2019 and comply with the provisions of the CARES Act to not be considered a troubled debt restructuring. As of March 31, 2021, the remaining loans modified under the CARES Act total $70.7 million. Details with respect to the loan modifications that remain on deferred status are as follows: Loans currently modified under COVID-19 programs (unaudited - dollars in thousands) Type of Loan Number of Loans Balance Percent of loans outstanding 1 Commercial and Agriculture 21 $ 4,514 0.25% Commercial Real Estate: Owner Occupied 8 10,876 0.60% Non-owner Occupied 18 48,882 2.70% Real Estate Construction 2 5,905 0.33% Residential Real Estate 2 483 0.03% 51 $ 70,660 3.43% Deposits Total deposits increased $286.5 million, or 13.1%, from December 31, 2020 to March 31, 2021. End of period deposit balances (unaudited - dollars in thousands) March 31, December 31, 2021 2020 $ Change % Change Noninterest-bearing demand $ 917,598 $ 720,809 $ 196,789 27.3% Interest-bearing demand 487,956 410,139 77,817 19.0% Savings and money market 794,521 771,612 22,909 3.0% Time deposits 275,832 286,838 (11,006) -3.8% Total Deposits $ 2,475,907 $ 2,189,398 $ 286,509 13.1% The increase in noninterest-bearing demand of $196.8 million was primarily due to a $136.9 million increase in balances related to the tax refund processing program, which is temporary. Additionally, business demand deposit accounts increased $37.9 million, primarily due to the deposit of PPP loan proceeds. Interest-bearing demand deposits increased due to a $62.5 million increase in public fund accounts and a $27.9 million increase in non-public fund accounts. The increase in savings and money market was primarily due to a $34.7 million increase in personal money markets, a $27.9 million increase in statement savings and a $4.3 million increase in business money markets. These increases were partially offset by a decrease of $48.8 million increase in brokered money market accounts. FHLB advances totaled $125.0 million at March 31, 2021, unchanged from December 31, 2020. Stock Repurchase Program During the first quarter of 2021, Civista repurchased 181,627 shares for $3.9 million at a weighted average price of $21.39 per share. These repurchases were part of the $13.5 million repurchase authorization which was approved in April 2020. Mr. Shaffer continued, "We view share repurchase as an integral part of our capital management. In April of 2020 our board authorized a $13.5 million repurchase. With the uncertainty of the pandemic, we paused on our share repurchases until the third quarter of 2020 and as a result, did not repurchase all $13.5 million. Earlier this week, our board of directors authorized another $13.5 million repurchase." Shareholder Equity Total shareholders' equity was unchanged from December 31, 2020 to March 31, 2021. Retained earnings increased $8.9 million and was offset by a decrease in other comprehensive income of $5.1 million and by a $4.0 million repurchase of treasury shares. Asset Quality Civista recorded net recoveries of $275 thousand for the three months of 2021 compared to net recoveries of $55 thousand for the same period of 2020. The allowance for loan losses to loans was 1.27% at March 31, 2021 and 1.22% at December 31, 2020. Without the PPP loans, the allowance ratio would have been 17 basis points higher. Allowance for Loan Losses (dollars in thousands) March 31, March 31, 2021 2020 Beginning of period $ 25,028 $ 14,767 Charge-offs (46) (24) Recoveries 321 79 Provision 830 2,126 End of period $ 26,133 $ 16,948 Non-performing assets at March 31, 2021 were $6.2 million, a 15.7% decrease from December 31, 2020. The non-performing assets to assets ratio decreased to 0.20% from 0.27% at December 31, 2020. The allowance for loan losses to non-performing loans increased to 423.09% from 343.05% at December 31, 2020. Non-performing Assets (dollars in thousands) March 31, December 31, 2021 2020 Non-accrual loans $ 4,360 $ 5,399 Restructured loans 1,817 1,897 Total non-performing loans 6,177 7,296 Other Real Estate Owned - 31 Total non-performing assets $ 6,177 $ 7,327 Conference Call and WebcastCivista Bancshares, Inc. will also host a conference call to discuss the Company's financial results for the first quarter of 2021 at 1:00 p.m. ET on Friday, April 23, 2021. Interested parties can access the live webcast of the conference call through the Investor Relations section of the Company's website, www.civb.com. Participants can also listen to the conference call by dialing 855-238-2712 and ask to be joined into the Civista Bancshares, Inc. first quarter 2021 earnings call. Please log in or dial in at least 10 minutes prior to the start time to ensure a connection. An archive of the webcast will be available for one year on the Investor Relations section of the Company's website (www.civb.com). Forward Looking StatementsThis press release may contain forward-looking statements regarding the financial performance, business prospects, growth and operating strategies of Civista. For these statements, Civista claims the protections of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Statements in this press release should be considered in conjunction with the other information available about Civista, including the information in the filings we make with the Securities and Exchange Commission. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance. The forward-looking statements are based on management's expectations and are subject to a number of risks and uncertainties. We have tried, wherever possible, to identify such statements by using words such as "anticipate," "estimate," "project," "intend," "plan," "believe," "will" and similar expressions in connection with any discussion of future operating or financial performance. Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include risk factors relating to the banking industry and the other factors detailed from time to time in Civista' reports filed with the Securities and Exchange Commission, including those described in "Item 1A Risk Factors" of Part I of Civista's Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and any additional risks identified in the Company's subsequent Form 10-Q's. Undue reliance should not be placed on the forward-looking statements, which speak only as of the date hereof. Civista does not undertake, and specifically disclaims any obligation, to update any forward-looking statement to reflect the events or circumstances after the date on which the forward-looking statement is made, or reflect the occurrence of unanticipated events, except to the extent required by law. Civista Bancshares, Inc. is a $3.1 billion financial holding company headquartered in Sandusky, Ohio. The Company's banking subsidiary, Civista Bank, operates 37 locations in Northern, Central and Southwestern Ohio, Southeastern Indiana and Northern Kentucky. Civista Bancshares, Inc. may be accessed at HUwww.civb.comUH. The Company's common shares are traded on the NASDAQ Capital Market under the symbol "CIVB". Civista Bancshares, Inc. Financial Highlights (Unaudited, dollars in thousands, except share and per share amounts) Consolidated Condensed Statement of Income Three Months Ended March 31, 2021 2020 Interest income $ 25,725 $ 25,002 Interest expense 1,897 2,887 Net interest income 23,828 22,115 Provision for loan losses 830 2,126 Net interest income after provision 22,998 19,989 Noninterest income 9,190 6,876 Noninterest expense 19,390 17,856 Income before taxes 12,798 9,009 Income tax expense 2,040 1,176 Net income $ 10,758 $ 7,833 Dividends paid per common share $ 0.12 $ 0.11 Earnings per common share, basic and diluted $ 0.68 $ 0.47 Average shares outstanding, basic and diluted 15,867,588 16,517,745 Selected financial ratios: Return on average assets (annualized) 1.36% 1.22% Return on average equity (annualized) 12.48% 9.47% Dividend payout ratio 17.65% 23.40% Net interest margin (tax equivalent) 3.30% 4.10% Selected Balance Sheet Items (Dollars in thousands, except share and per share amounts) March 31, December 31, 2021 2020 (unaudited) (unaudited) Cash and due from financial institutions $ 437,238 $ 139,522 Investment securities 357,798 364,350 Loans held for sale 10,769 7,001 Loans 2,060,239 2,057,502 Less: allowance for loan losses (26,133) (25,028) Net loans 2,034,106 2,032,474 Other securities 20,537 20,537 Premises and equipment, net 22,265 22,580 Goodwill and other intangibles 84,682 84,926 Bank owned life insurance 46,219 45,976 Other assets 43,754 45,552 Total assets $ 3,057,368 $ 2,762,918 Total deposits $ 2,475,907 $ 2,189,398 Federal Home Loan Bank advances 125,000 125,000 Securities sold under agreements to repurchase 29,513 28,914 Subordinated debentures 29,427 29,427 Accrued expenses and other liabilities 47,463 40,071 Total shareholders' equity 350,058 350,108 Total liabilities and shareholders' equity $ 3,057,368 $ 2,762,918 Shares outstanding at period end 15,750,479 15,898,032 Book value per share $ 22.23 $ 22.02 Equity to asset ratio 11.45% 12.67% Selected asset quality ratios: Allowance for loan losses to total loans 1.27% 1.22% Non-performing assets to total assets 0.20% 0.27% Allowance for loan losses to non-performing loans 423.09% 343.05% Non-performing asset analysis Nonaccrual loans $ 4,360 $ 5,399 Troubled debt restructurings 1,817 1,897 Other real estate owned - 31 Total $ 6,177 $ 7,327 Supplemental Financial Information (Unaudited - dollars in thousands except share data) March 31, December 31, September 30, June 30, March 31, End of Period Balances 2021 2020 2020 2020 2020 Assets Cash and due from banks $ 437,238 $ 139,522 $ 194,773 $ 196,520 $ 256,023 Investment securities 357,798 364,350 366,691 369,181 366,689 Loans held for sale 10,769 7,001 13,256 18,523 7,632 Loans 2,060,239 2,057,502 2,040,940 2,022,965 1,743,125 Allowance for loan losses (26,133) (25,028) (22,637) (20,420) (16,948) Net Loans 2,034,106 2,032,474 2,018,303 2,002,545 1,726,177 Other securities 20,537 20,537 20,537 20,537 20,280 Premises and equipment, net 22,265 22,580 22,958 23,137 22,443 Goodwill and other intangibles 84,682 84,926 84,896 84,852 84,919 Bank owned life insurance 46,219 45,976 45,732 45,489 45,249 Other assets 43,754 45,552 50,847 51,369 46,444 Total Assets $ 3,057,368 $ 2,762,918 $ 2,817,993 $ 2,812,153 $ 2,575,856 Liabilities Total deposits $ 2,475,907 $ 2,189,398 $ 2,068,769 $ 2,069,261 $ 1,991,939 Federal Home Loan Bank advances 125,000 125,000 125,000 125,000 142,000 Securities sold under agreement to repurchase 29,513 28,914 25,813 23,608 22,699 Other borrowings - - 183,695 183,695 - Subordinated debentures 29,427 29,427 29,427 29,427 29,427 Accrued expenses and other liabilities 47,463 40,071 43,234 44,549 61,624 Total liabilities 2,707,310 2,412,810 2,475,938 2,475,540 2,247,689 Shareholders' Equity Common shares 277,164 277,039 276,940 276,841 276,546 Retained earnings 101,899 93,048 84,628 78,712 73,972 Treasury shares (38,574) (34,598) (33,900) (32,594) (32,239) Accumulated other comprehensive income 9,569 14,619 14,387 13,654 9,888 Total shareholders' equity 350,058 350,108 342,055 336,613 328,167 Total Liabilities and Shareholders' Equity $ 3,057,368 $ 2,762,918 $ 2,817,993 $ 2,812,153 $ 2,575,856 Quarterly Average Balances Assets: Earning assets $ 3,006,653 $ 2,603,961 $ 2,617,884 $ 2,528,006 $ 2,232,168 Securities 382,313 386,179 388,594 386,838 385,187 Loans 2,069,419 2,072,477 2,040,492 1,972,969 1,725,685 Liabilities and Shareholders' Equity Total deposits $ 2,632,782 $ 2,144,865 $ 2,084,791 $ 2,108,227 $ 1,975,133 Interest-bearing deposits 1,532,759 1,458,967 1,401,318 1,317,336 1,175,593 Other interest-bearing liabilities 185,605 278,357 362,965 302,267 209,909 Total shareholders' equity 349,625 343,335 339,278 330,524 332,602 Supplemental Financial Information (Unaudited - dollars in thousands except share data) Three Months Ended March 31, December 31, September 30, June 30, March 31, Income statement 2021 2020 2020 2020 2020 Total interest and dividend income $ 25,725 $ 25,721 $ 24,558 $ 24,584 $ 25,002 Total interest expense 1,897 2,190 2,552 2,509 2,887 Net interest income 23,828 23,531 22,006 22,075 22,115 Provision for loan losses 830 2,250 2,250 3,486 2,126 Noninterest income 9,190 7,666 6,786 6,854 6,876 Noninterest expense 19,390 16,968 17,727 18,114 17,856 Income before taxes 12,798 11,979 8,815 7,329 9,009 Income tax expense 2,040 1,806 1,133 825 1,176 Net income $ 10,758 $ 10,173 $ 7,682 $ 6,504 $ 7,833 Common shares dividend paid $ 1,907 $ 1,753 $ 1,766 $ 1,764 $ 1,835 Per share data Earnings per common share Basic and diluted $ 0.68 $ 0.64 $ 0.48 $ 0.41 $ 0.47 Dividends paid per common share 0.12 0.11 0.11 0.11 0.11 Average common shares outstanding, Basic and diluted 15,867,588 15,915,369 16,045,544 16,044,125 16,517,745 Asset quality Allowance for loan losses, beginning of period $ 25,028 $ 22,637 $ 20,420 $ 16,948 $ 14,767 Charge-offs (46) (139) (185) (116) (24) Recoveries 321 280 152 102 79 Provision 830 2,250 2,250 3,486 2,126 Allowance for loan losses, end of period $ 26,133 $ 25,028 $ 22,637 $ 20,420 $ 16,948 Ratios Allowance to total loans 1.27% 1.22% 1.11% 1.01% 0.97% Allowance to nonperforming assets 423.09% 341.59% 292.88% 262.14% 197.97% Allowance to nonperforming loans 423.09% 343.05% 292.88% 262.14% 197.97% Nonperforming assets Nonperforming loans $ 6,177 $ 7,296 $ 7,729 $ 7,790 $ 8,561 Other real estate owned - 31 - - - Total nonperforming assets $ 6,177 $ 7,327 $ 7,729 $ 7,790 $ 8,561 Capital and liquidity Tier 1 leverage ratio 9.23% 10.77% 10.73% 10.43% 10.66% Tier 1 risk-based capital ratio 15.20% 14.74% 14.73% 12.99% 14.33% Total risk-based capital ratio 16.45% 15.99% 15.94% 13.97% 15.25% Tangible common equity ratio (1) 9.00% 9.98% 9.47% 9.29% 9.82% (1) See reconciliation of non-GAAP measures at the end of this press release. Reconciliation of Non-GAAP Financial Measures (Unaudited - dollars in thousands except share data) Three Months Ended March 31, December 31, September 30, June 30, March 31, 2021 2020 2020 2020 2020 Tangible Common Equity Total Shareholder's Equity - GAAP $ 350,058 $ 350,108 $ 342,055 $ 336,613 $ 328,167 Less: Goodwill and intangible assets 82,458 82,681 82,907 83,135 83,363 Tangible common equity (Non-GAAP) $ 267,600 $ 267,427 $ 259,148 $ 253,478 $ 244,804 Total Shares Outstanding 15,750,479 15,898,032 15,945,479 16,052,979 16,064,010 Tangible book value per share $ 16.99 $ 16.82 $ 16.25 $ 15.79 $ 15.24 Tangible Assets Total Assets - GAAP $ 3,057,368 $ 2,762,918 $ 2,817,993 $ 2,812,153 $ 2,575,856 Less: Goodwill and intangible assets 82,458 82,681 82,907 83,135 83,363 Tangible assets (Non-GAAP) $ 2,974,910 $ 2,680,237 $ 2,735,086 $ 2,729,018 $ 2,492,493 Tangible common equity to tangible assets 9.00% 9.98% 9.47% 9.29% 9.82% SOURCE Civista Bancshares, Inc.
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Civista Bancshares, Inc. Announces First Quarter 2021 Financial Results
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SANDUSKY, Ohio, April 23, 2021 /PRNewswire/ --Civista Bancshares, Inc. (NASDAQ: CIVB) ("Civista") announced its unaudited financial results for the three months ending March 31, 2021. First quarter highlights Net income of $10.8 million, or $0.68 per diluted share, for the first quarter of 2021, compared to $7.8 million, or $0.47 per diluted share, for the first quarter of 2020. COVID19 loan deferrals in effect were 3.4% of total loans at period end, compared to 3.6% at December 31, 2020 and 21.3% at June 30, 2020. The bank has not experienced any specific loan losses attributed to COVID19 closures in 2020 or 2021. Quarterly dividend increased to $0.12 which is equivalent to a yield of 2.09% based on the March 31, 2021 market close of $22.94 and a dividend payout ratio of 17.65%. Recorded quarterly gain on sale of mortgage loans of $2.7 million compared to $827 thousand for the same period last year. "I am very pleased with the results of the first quarter of 2021. Our mortgage business set a record for the most revenue in a quarter in our Company's history. We continue to work toward a digital transformation with our online and mobile banking and expect to have new offerings in these areas before the end of the second quarter. In the midst of increasing our digital offerings we are constantly looking at our branch footprint. We will be closing two of our smaller offices in July. We have continued to manage capital through our stock repurchase program as well as dividends. We announced this week a new stock repurchase authorization and increased in our dividend in January 2021." said Dennis G. Shaffer, President and CEO of Civista. Results of Operations: For the three-month period ended March 31, 2021 and 2020 Net interest income increased $1.7 million, or 7.7%, for the first quarter of 2021 compared to the same period of 2020, due to a $723 thousand increase in interest income of as well as a decrease in interest expense of $1.0 million. Interest income included $3.1 million of accretion of Paycheck Protection Program ("PPP") loan fees during the quarter. Interest income increased $723 thousand, or 2.9%, for the first quarter of 2021. Average yields decreased 107 basis points which resulted in a $3.6 million decrease in interest income. Average earning assets increased $774.5 million, which resulted in a $4.3 million increase in interest income. PPP loans accounted for $248.7 million of the increase in average earning assets at a yield of 6.07%, including fee accretion. Removing the impact of PPP loans, the yield on earning assets would have been 22 basis points lower. Included in interest income is $3.1 million of accretion of PPP fees as well as accretion income associated with purchased loan portfolios of $622 thousand. Interest expense decreased $1.0 million, or 34.3%, for the first quarter of 2021, compared to the same period last year. The average rate paid on interest-bearing liabilities decreased 39 basis points, while average interest-bearing liabilities increased $332.9 million. Net interest margin decreased 80 basis points to 3.30% for the first quarter of 2021, compared to 4.10% for the same period a year ago. In addition to the PPP loans, earning assets were inflated by a $5.6 billion influx of stimulus funds in early January. While the funds were only in the Company's Fed account for a short time, they increased average earning assets by $258 million for the quarter and reduced net interest margin by 30 basis points. These funds were in addition to the cash normally generated by the Company's tax refund processing program that contributed $126 million in average interest-bearing cash balances during the quarter. PPP loans averaged $258.7 million during the quarter at an average yield of 6.07% including the related fee accretion which increased the margin by 26 basis points. Average Balance Analysis (Unaudited - Dollars in thousands) Three Months Ended March 31, 2021 2020 Average Yield/ Average Yield/ Assets: balance Interest rate * balance Interest rate * Interest-earning assets: Loans ** $ 2,069,419 $ 22,783 4.47% $ 1,725,685 $ 21,673 5.05% Taxable securities 174,740 1,275 3.08% 187,604 1,416 3.13% Non-taxable securities 207,573 1,518 4.12% 197,583 1,512 4.22% Interest-bearing deposits in other banks 554,921 149 0.11% 121,296 401 1.33% Total interest-earning assets $ 3,006,653 25,725 3.55% $ 2,232,168 25,002 4.62% Noninterest-earning assets: Cash and due from financial institutions 27,760 168,350 Premises and equipment, net 22,509 22,737 Accrued interest receivable 8,569 6,751 Intangible assets 84,862 85,083 Bank owned life insurance 46,062 28,550 Other assets 37,162 45,086 Less allowance for loan losses (25,590) (14,927) Total Assets $ 3,207,987 $ 2,573,798 Liabilities and Shareholders' Equity: Interest-bearing liabilities: Demand and savings $ 1,248,717 $ 343 0.11% $ 894,892 $ 606 0.27% Time 284,042 917 1.31% 280,701 1,379 1.98% FHLB 125,000 443 1.44% 157,749 581 1.48% Other borrowings - - 0.00% 610 2 1.32% Subordinated debentures 29,427 186 2.56% 29,427 313 4.28% Repurchase agreements 31,178 8 0.10% 22,123 6 0.11% Total interest-bearing liabilities $ 1,718,364 1,897 0.45% $ 1,385,502 2,887 0.84% Noninterest-bearing deposits 1,100,023 799,540 Other liabilities 39,975 56,154 Shareholders' equity 349,625 332,602 Total Liabilities and Shareholders' Equity $ 3,207,987 $ 2,573,798 Net interest income and interest rate spread $ 23,828 3.10% $ 22,115 3.78% Net interest margin 3.30% 4.10% * - Average yields are presented on a tax equivalent basis. The tax equivalent effect associated with loans and investments, included in the yields above, was $407 thousand and $406 thousand for the periods ended March 31, 2021 and 2020, respectively. ** - Average balance includes nonaccrual loans Provision for loan losses was $830 thousand for the first quarter of 2021 compared to $2.1 million for the first quarter of 2020. As the pandemic has progressed, restrictions have been eased and additional stimulus was injected into the economy. With the government relief and the vaccination programs, and resumption of many business activities, the negative impacts of the pandemic have not yet been realized. For the first quarter of 2021, noninterest income totaled $9.2 million, an increase of $2.3 million, or 33.7%, compared to the prior year's first quarter. Noninterest income (unaudited - dollars in thousands) Three months ended March 31, 2021 2020 $ change % change Service charges $ 1,256 $ 1,468 $ (212) -14.4% Net loss on sale of securities (1) - (1) 0.0% Net gain/(loss) on equity securities 88 (141) 229 162.4% Net gain on sale of loans 2,745 827 1,918 231.9% ATM/Interchange fees 1,248 894 354 39.6% Wealth management fees 1,146 1,006 140 13.9% Bank owned life insurance 243 250 (7) -2.8% Tax refund processing fees 1,900 1,900 - 0.0% Swap fees 76 338 (262) -77.5% Other 489 334 155 46.4% Total noninterest income $ 9,190 $ 6,876 $ 2,314 33.7% Service charge income decreased primarily due to a $275.5 thousand decrease in overdraft fees. Since the beginning of the COVID-19 pandemic, customer behavior has changed, resulting in fewer overdrafts. Net gain on sale of loans increased due to an increase in the volume of loans sold of $42.2 million as well as an increase in the premium on sold loans of 120 basis points, compared to a year ago. ATM/Interchange fees increased as a result of increased transaction volume and incentives from our network providers. Wealth management fees increased as a result of increased assets under management, primarily driven by market gains. For the first quarter of 2021, noninterest expense totaled $19.4 million, an increase of $1.5 million, or 8.6%, compared to the prior year's first quarter. Noninterest expense (unaudited - dollars in thousands) Three months ended March 31, 2021 2020 $ change % change Compensation expense $ 11,782 $ 10,871 $ 911 8.4% Net occupancy and equipment 1,638 1,482 156 10.5% Contracted data processing 443 450 (7) -1.6% Taxes and assessments 884 579 305 52.7% Professional services 738 737 1 0.1% Amortization of intangible assets 223 231 (8) -3.5% ATM/Interchange expense 593 447 146 32.7% Marketing 299 356 (57) -16.0% Software maintenance expense 508 437 71 16.2% Other 2,282 2,266 16 0.7% Total noninterest expense $ 19,390 $ 17,856 $ 1,534 8.6% Compensation expense increased primarily due to annual pay increases, which occur every year in April and commissions. Annual pay increases in April 2020 averaged 3.3%. Commissions increased $421.2 thousand, or 32.8% as a result of increased loan activity. The increase in net occupancy is the result of increased COVID-19 pandemic related expenses to janitorial services and supplies of $129 thousand and an increase in grounds maintenance of $150 thousand for snow removal. These increases were partially offset by a decrease in equipment expense of $104.8 thousand. The quarter-over-quarter increase in taxes and assessments was primarily attributable to an increase in the FDIC assessment of $159.0 thousand due to credit for small banks applied to the March 2020 assessments. The efficiency ratio was 54.9% for the quarter ended March 31, 2021 compared to 60.7% for the quarter ended March 31, 2020. The change in the efficiency ratio is primarily due to increases in both noninterest income and net interest income. Civista's effective income tax rate for the first quarter 2021 was 15.9% compared to 13.1% in 2020. Balance Sheet Total assets increased $294.5 million, or 10.7%, from December 31, 2020 to March 31, 2021, primarily due to an increase in cash of $297.7 million, or 213.4%. Loans held for sale increased $3.8 million, or 53.8%. The loan portfolio increased $2.7 million, which includes an increase in PPP loans of $29.3 million. End of period loan balances (unaudited - dollars in thousands) March 31, December 31, 2021 2020 $ Change % Change Commercial and Agriculture 1 $ 419,666 $ 409,876 $ 9,790 2.4% Commercial Real Estate: Owner Occupied 274,747 278,413 (3,666) -1.3% Non-owner Occupied 723,656 705,072 18,584 2.6% Residential Real Estate 431,506 442,588 (11,082) -2.5% Real Estate Construction 171,121 175,609 (4,488) -2.6% Farm Real Estate 28,043 33,102 (5,059) -15.3% Consumer and Other 11,500 12,842 (1,342) -10.5% Total Loans $ 2,060,239 $ 2,057,502 $ 2,737 0.1% 1March 31, 2021 includes PPP loans totaling $246,636 and December 31, 2020 includes PPP loans totaling $217,295. Loan balances were flat in the first quarter, including the PPP balances. Removing the effect of the PPP loans, the loan portfolio declined $26.6 million or 1.4%. Commercial Real Estate continued to grow due to consistent demand in the Non-owner Occupied category. Due to an influx of governmental stimulus money through PPP and individual incentives, revolving lines of credit reduced $21.2 million ($17.9 million commercial and $3.3 million consumer). Real Estate Construction fell slightly as a few projects that were completed moved to other categories and construction draws slow down due to the weather. Construction demand remains strong and construction availability remains near all-time highs. The decrease in Residential Real Estate continues as a result of portfolio loans refinanced into saleable mortgage products. Paycheck Protection Program In total, we processed over 3,500 loans totaling $387.6 million, of which $141.0 million have been forgiven or have paid off. Prepaid SBA fees totaling approximately $15.6million have been booked and are being recognized in interest income over the life of the PPP loans, or as the underlying loan is forgiven by the SBA. During the quarter, $3.1 million of PPP fees were accreted to income. At March 31, 2021, $7.8 million of prepaid SBA fees remain. "We believe that the PPP program has been instrumental in assisting small businesses and their employees. The SBA tightened the rules for PPP Round 2 to focus aid to smaller businesses and reduce potential fraud. This resulted in a lower number or applications. During the quarter, we approved 1,238 new loans, funding a total of $119.8 million. We expect to continue to support our customers until the funding runs out" said Dennis G. Shaffer, President and CEO of Civista. COVID-19 Loan Modifications In the 2nd quarter of 2020, in the initial days of the pandemic, Civista booked 90-day payment modifications on 813 loans totaling $431.3 million. Additional 90-day modifications were extended on 100 of these loans, totaling $124.4 million. Both deferral programs primarily consisting of the deferral of principal and/or interest payments. All subsequent modifications were on loans which were performing at December 31, 2019 and comply with the provisions of the CARES Act to not be considered a troubled debt restructuring. As of March 31, 2021, the remaining loans modified under the CARES Act total $70.7 million. Details with respect to the loan modifications that remain on deferred status are as follows: Loans currently modified under COVID-19 programs (unaudited - dollars in thousands) Type of Loan Number of Loans Balance Percent of loans outstanding 1 Commercial and Agriculture 21 $ 4,514 0.25% Commercial Real Estate: Owner Occupied 8 10,876 0.60% Non-owner Occupied 18 48,882 2.70% Real Estate Construction 2 5,905 0.33% Residential Real Estate 2 483 0.03% 51 $ 70,660 3.43% Deposits Total deposits increased $286.5 million, or 13.1%, from December 31, 2020 to March 31, 2021. End of period deposit balances (unaudited - dollars in thousands) March 31, December 31, 2021 2020 $ Change % Change Noninterest-bearing demand $ 917,598 $ 720,809 $ 196,789 27.3% Interest-bearing demand 487,956 410,139 77,817 19.0% Savings and money market 794,521 771,612 22,909 3.0% Time deposits 275,832 286,838 (11,006) -3.8% Total Deposits $ 2,475,907 $ 2,189,398 $ 286,509 13.1% The increase in noninterest-bearing demand of $196.8 million was primarily due to a $136.9 million increase in balances related to the tax refund processing program, which is temporary. Additionally, business demand deposit accounts increased $37.9 million, primarily due to the deposit of PPP loan proceeds. Interest-bearing demand deposits increased due to a $62.5 million increase in public fund accounts and a $27.9 million increase in non-public fund accounts. The increase in savings and money market was primarily due to a $34.7 million increase in personal money markets, a $27.9 million increase in statement savings and a $4.3 million increase in business money markets. These increases were partially offset by a decrease of $48.8 million increase in brokered money market accounts. FHLB advances totaled $125.0 million at March 31, 2021, unchanged from December 31, 2020. Stock Repurchase Program During the first quarter of 2021, Civista repurchased 181,627 shares for $3.9 million at a weighted average price of $21.39 per share. These repurchases were part of the $13.5 million repurchase authorization which was approved in April 2020. Mr. Shaffer continued, "We view share repurchase as an integral part of our capital management. In April of 2020 our board authorized a $13.5 million repurchase. With the uncertainty of the pandemic, we paused on our share repurchases until the third quarter of 2020 and as a result, did not repurchase all $13.5 million. Earlier this week, our board of directors authorized another $13.5 million repurchase." Shareholder Equity Total shareholders' equity was unchanged from December 31, 2020 to March 31, 2021. Retained earnings increased $8.9 million and was offset by a decrease in other comprehensive income of $5.1 million and by a $4.0 million repurchase of treasury shares. Asset Quality Civista recorded net recoveries of $275 thousand for the three months of 2021 compared to net recoveries of $55 thousand for the same period of 2020. The allowance for loan losses to loans was 1.27% at March 31, 2021 and 1.22% at December 31, 2020. Without the PPP loans, the allowance ratio would have been 17 basis points higher. Allowance for Loan Losses (dollars in thousands) March 31, March 31, 2021 2020 Beginning of period $ 25,028 $ 14,767 Charge-offs (46) (24) Recoveries 321 79 Provision 830 2,126 End of period $ 26,133 $ 16,948 Non-performing assets at March 31, 2021 were $6.2 million, a 15.7% decrease from December 31, 2020. The non-performing assets to assets ratio decreased to 0.20% from 0.27% at December 31, 2020. The allowance for loan losses to non-performing loans increased to 423.09% from 343.05% at December 31, 2020. Non-performing Assets (dollars in thousands) March 31, December 31, 2021 2020 Non-accrual loans $ 4,360 $ 5,399 Restructured loans 1,817 1,897 Total non-performing loans 6,177 7,296 Other Real Estate Owned - 31 Total non-performing assets $ 6,177 $ 7,327 Conference Call and WebcastCivista Bancshares, Inc. will also host a conference call to discuss the Company's financial results for the first quarter of 2021 at 1:00 p.m. ET on Friday, April 23, 2021. Interested parties can access the live webcast of the conference call through the Investor Relations section of the Company's website, www.civb.com. Participants can also listen to the conference call by dialing 855-238-2712 and ask to be joined into the Civista Bancshares, Inc. first quarter 2021 earnings call. Please log in or dial in at least 10 minutes prior to the start time to ensure a connection. An archive of the webcast will be available for one year on the Investor Relations section of the Company's website (www.civb.com). Forward Looking StatementsThis press release may contain forward-looking statements regarding the financial performance, business prospects, growth and operating strategies of Civista. For these statements, Civista claims the protections of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Statements in this press release should be considered in conjunction with the other information available about Civista, including the information in the filings we make with the Securities and Exchange Commission. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance. The forward-looking statements are based on management's expectations and are subject to a number of risks and uncertainties. We have tried, wherever possible, to identify such statements by using words such as "anticipate," "estimate," "project," "intend," "plan," "believe," "will" and similar expressions in connection with any discussion of future operating or financial performance. Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include risk factors relating to the banking industry and the other factors detailed from time to time in Civista' reports filed with the Securities and Exchange Commission, including those described in "Item 1A Risk Factors" of Part I of Civista's Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and any additional risks identified in the Company's subsequent Form 10-Q's. Undue reliance should not be placed on the forward-looking statements, which speak only as of the date hereof. Civista does not undertake, and specifically disclaims any obligation, to update any forward-looking statement to reflect the events or circumstances after the date on which the forward-looking statement is made, or reflect the occurrence of unanticipated events, except to the extent required by law. Civista Bancshares, Inc. is a $3.1 billion financial holding company headquartered in Sandusky, Ohio. The Company's banking subsidiary, Civista Bank, operates 37 locations in Northern, Central and Southwestern Ohio, Southeastern Indiana and Northern Kentucky. Civista Bancshares, Inc. may be accessed at HUwww.civb.comUH. The Company's common shares are traded on the NASDAQ Capital Market under the symbol "CIVB". Civista Bancshares, Inc. Financial Highlights (Unaudited, dollars in thousands, except share and per share amounts) Consolidated Condensed Statement of Income Three Months Ended March 31, 2021 2020 Interest income $ 25,725 $ 25,002 Interest expense 1,897 2,887 Net interest income 23,828 22,115 Provision for loan losses 830 2,126 Net interest income after provision 22,998 19,989 Noninterest income 9,190 6,876 Noninterest expense 19,390 17,856 Income before taxes 12,798 9,009 Income tax expense 2,040 1,176 Net income $ 10,758 $ 7,833 Dividends paid per common share $ 0.12 $ 0.11 Earnings per common share, basic and diluted $ 0.68 $ 0.47 Average shares outstanding, basic and diluted 15,867,588 16,517,745 Selected financial ratios: Return on average assets (annualized) 1.36% 1.22% Return on average equity (annualized) 12.48% 9.47% Dividend payout ratio 17.65% 23.40% Net interest margin (tax equivalent) 3.30% 4.10% Selected Balance Sheet Items (Dollars in thousands, except share and per share amounts) March 31, December 31, 2021 2020 (unaudited) (unaudited) Cash and due from financial institutions $ 437,238 $ 139,522 Investment securities 357,798 364,350 Loans held for sale 10,769 7,001 Loans 2,060,239 2,057,502 Less: allowance for loan losses (26,133) (25,028) Net loans 2,034,106 2,032,474 Other securities 20,537 20,537 Premises and equipment, net 22,265 22,580 Goodwill and other intangibles 84,682 84,926 Bank owned life insurance 46,219 45,976 Other assets 43,754 45,552 Total assets $ 3,057,368 $ 2,762,918 Total deposits $ 2,475,907 $ 2,189,398 Federal Home Loan Bank advances 125,000 125,000 Securities sold under agreements to repurchase 29,513 28,914 Subordinated debentures 29,427 29,427 Accrued expenses and other liabilities 47,463 40,071 Total shareholders' equity 350,058 350,108 Total liabilities and shareholders' equity $ 3,057,368 $ 2,762,918 Shares outstanding at period end 15,750,479 15,898,032 Book value per share $ 22.23 $ 22.02 Equity to asset ratio 11.45% 12.67% Selected asset quality ratios: Allowance for loan losses to total loans 1.27% 1.22% Non-performing assets to total assets 0.20% 0.27% Allowance for loan losses to non-performing loans 423.09% 343.05% Non-performing asset analysis Nonaccrual loans $ 4,360 $ 5,399 Troubled debt restructurings 1,817 1,897 Other real estate owned - 31 Total $ 6,177 $ 7,327 Supplemental Financial Information (Unaudited - dollars in thousands except share data) March 31, December 31, September 30, June 30, March 31, End of Period Balances 2021 2020 2020 2020 2020 Assets Cash and due from banks $ 437,238 $ 139,522 $ 194,773 $ 196,520 $ 256,023 Investment securities 357,798 364,350 366,691 369,181 366,689 Loans held for sale 10,769 7,001 13,256 18,523 7,632 Loans 2,060,239 2,057,502 2,040,940 2,022,965 1,743,125 Allowance for loan losses (26,133) (25,028) (22,637) (20,420) (16,948) Net Loans 2,034,106 2,032,474 2,018,303 2,002,545 1,726,177 Other securities 20,537 20,537 20,537 20,537 20,280 Premises and equipment, net 22,265 22,580 22,958 23,137 22,443 Goodwill and other intangibles 84,682 84,926 84,896 84,852 84,919 Bank owned life insurance 46,219 45,976 45,732 45,489 45,249 Other assets 43,754 45,552 50,847 51,369 46,444 Total Assets $ 3,057,368 $ 2,762,918 $ 2,817,993 $ 2,812,153 $ 2,575,856 Liabilities Total deposits $ 2,475,907 $ 2,189,398 $ 2,068,769 $ 2,069,261 $ 1,991,939 Federal Home Loan Bank advances 125,000 125,000 125,000 125,000 142,000 Securities sold under agreement to repurchase 29,513 28,914 25,813 23,608 22,699 Other borrowings - - 183,695 183,695 - Subordinated debentures 29,427 29,427 29,427 29,427 29,427 Accrued expenses and other liabilities 47,463 40,071 43,234 44,549 61,624 Total liabilities 2,707,310 2,412,810 2,475,938 2,475,540 2,247,689 Shareholders' Equity Common shares 277,164 277,039 276,940 276,841 276,546 Retained earnings 101,899 93,048 84,628 78,712 73,972 Treasury shares (38,574) (34,598) (33,900) (32,594) (32,239) Accumulated other comprehensive income 9,569 14,619 14,387 13,654 9,888 Total shareholders' equity 350,058 350,108 342,055 336,613 328,167 Total Liabilities and Shareholders' Equity $ 3,057,368 $ 2,762,918 $ 2,817,993 $ 2,812,153 $ 2,575,856 Quarterly Average Balances Assets: Earning assets $ 3,006,653 $ 2,603,961 $ 2,617,884 $ 2,528,006 $ 2,232,168 Securities 382,313 386,179 388,594 386,838 385,187 Loans 2,069,419 2,072,477 2,040,492 1,972,969 1,725,685 Liabilities and Shareholders' Equity Total deposits $ 2,632,782 $ 2,144,865 $ 2,084,791 $ 2,108,227 $ 1,975,133 Interest-bearing deposits 1,532,759 1,458,967 1,401,318 1,317,336 1,175,593 Other interest-bearing liabilities 185,605 278,357 362,965 302,267 209,909 Total shareholders' equity 349,625 343,335 339,278 330,524 332,602 Supplemental Financial Information (Unaudited - dollars in thousands except share data) Three Months Ended March 31, December 31, September 30, June 30, March 31, Income statement 2021 2020 2020 2020 2020 Total interest and dividend income $ 25,725 $ 25,721 $ 24,558 $ 24,584 $ 25,002 Total interest expense 1,897 2,190 2,552 2,509 2,887 Net interest income 23,828 23,531 22,006 22,075 22,115 Provision for loan losses 830 2,250 2,250 3,486 2,126 Noninterest income 9,190 7,666 6,786 6,854 6,876 Noninterest expense 19,390 16,968 17,727 18,114 17,856 Income before taxes 12,798 11,979 8,815 7,329 9,009 Income tax expense 2,040 1,806 1,133 825 1,176 Net income $ 10,758 $ 10,173 $ 7,682 $ 6,504 $ 7,833 Common shares dividend paid $ 1,907 $ 1,753 $ 1,766 $ 1,764 $ 1,835 Per share data Earnings per common share Basic and diluted $ 0.68 $ 0.64 $ 0.48 $ 0.41 $ 0.47 Dividends paid per common share 0.12 0.11 0.11 0.11 0.11 Average common shares outstanding, Basic and diluted 15,867,588 15,915,369 16,045,544 16,044,125 16,517,745 Asset quality Allowance for loan losses, beginning of period $ 25,028 $ 22,637 $ 20,420 $ 16,948 $ 14,767 Charge-offs (46) (139) (185) (116) (24) Recoveries 321 280 152 102 79 Provision 830 2,250 2,250 3,486 2,126 Allowance for loan losses, end of period $ 26,133 $ 25,028 $ 22,637 $ 20,420 $ 16,948 Ratios Allowance to total loans 1.27% 1.22% 1.11% 1.01% 0.97% Allowance to nonperforming assets 423.09% 341.59% 292.88% 262.14% 197.97% Allowance to nonperforming loans 423.09% 343.05% 292.88% 262.14% 197.97% Nonperforming assets Nonperforming loans $ 6,177 $ 7,296 $ 7,729 $ 7,790 $ 8,561 Other real estate owned - 31 - - - Total nonperforming assets $ 6,177 $ 7,327 $ 7,729 $ 7,790 $ 8,561 Capital and liquidity Tier 1 leverage ratio 9.23% 10.77% 10.73% 10.43% 10.66% Tier 1 risk-based capital ratio 15.20% 14.74% 14.73% 12.99% 14.33% Total risk-based capital ratio 16.45% 15.99% 15.94% 13.97% 15.25% Tangible common equity ratio (1) 9.00% 9.98% 9.47% 9.29% 9.82% (1) See reconciliation of non-GAAP measures at the end of this press release. Reconciliation of Non-GAAP Financial Measures (Unaudited - dollars in thousands except share data) Three Months Ended March 31, December 31, September 30, June 30, March 31, 2021 2020 2020 2020 2020 Tangible Common Equity Total Shareholder's Equity - GAAP $ 350,058 $ 350,108 $ 342,055 $ 336,613 $ 328,167 Less: Goodwill and intangible assets 82,458 82,681 82,907 83,135 83,363 Tangible common equity (Non-GAAP) $ 267,600 $ 267,427 $ 259,148 $ 253,478 $ 244,804 Total Shares Outstanding 15,750,479 15,898,032 15,945,479 16,052,979 16,064,010 Tangible book value per share $ 16.99 $ 16.82 $ 16.25 $ 15.79 $ 15.24 Tangible Assets Total Assets - GAAP $ 3,057,368 $ 2,762,918 $ 2,817,993 $ 2,812,153 $ 2,575,856 Less: Goodwill and intangible assets 82,458 82,681 82,907 83,135 83,363 Tangible assets (Non-GAAP) $ 2,974,910 $ 2,680,237 $ 2,735,086 $ 2,729,018 $ 2,492,493 Tangible common equity to tangible assets 9.00% 9.98% 9.47% 9.29% 9.82% SOURCE Civista Bancshares, Inc.
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edtsum7185
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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: PLANO, Texas, July 21, 2020 /PRNewswire/ -- NuZee, Inc. (NASDAQ: NUZE) ("NuZee"), a single-serve pour-over coffee producer and co-packer, announced today the underwriters of its previously announced public offering of common stock have fully exercised and closed on their over-allotment option, resulting in the issuance of an additional 105,000 shares of its common stock. The option was granted in connection with the underwritten public offering (the "Offering") of 700,000 shares of NuZee common stock at a public offering price of $9.00 per share, which closed on June 23, 2020. The full exercise of the over-allotment option brings the total net proceeds to NuZee to approximately $6.1 million, after deducting underwriting discounts and commissions and estimated Offering expenses payable by NuZee. NuZee intends to use the net proceeds from the Offering for working capital and general corporate purposes. The Benchmark Company, LLC acted as sole book-running manager for the Offering. The Shares described above were offered by NuZee pursuant to a registration statement on FormS-1(No. 333-234643) previously filed with the U.S. Securities and Exchange Commission (the "SEC") and declared effective by the SEC on June 18, 2020. The Shares were offered only by means of a prospectus. A final prospectus relating to and describing the terms of the Offeringwas filed with the SEC. Electronic copies of the final prospectus relating to the Offering may be obtained by visitingthe SEC's website located athttp://www.sec.gov or by contacting The Benchmark Company, Attention: Prospectus Department, 150 E. 58th Street, 17th floor, New York, NY 10155, by email at [emailprotected], or by telephone at (212) 312-6700. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any Shares, nor shall there be any sales of the Shares in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-looking StatementsThis press release contains forward-looking statements that are made pursuant to the safe harbor provisions 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. NuZee cautions you that such statements are simply predictions and actual events or results may differ materially. These statements reflect NuZee's current expectations, and NuZee does not undertake to update or revise theseforward lookingstatements, even if experience or future changes make it clear that any projected results expressed or implied in this or other NuZee statements will not be realized. Further, these statements involve risks and uncertainties, many of which are beyond NuZee's control, which could cause actual results to differ materially from theforward-lookingstatements. These risks and uncertainties, many of which are beyond our control, include the effects of the COVID-19 pandemic on our operations and general economic conditions and our need for substantial additional funds. For a description of additional factors that may cause NuZee's actual results, performance or expectations to differ from any forward-looking statements, please review the information set forth in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's public reports filed with the SEC and in the final prospectus filed with the SEC. About NuZee and Coffee BlendersNuZee, Inc. (d/b/a Coffee Blenders) is a specialty coffee company and a leading U.S. single-serve pour-over coffee producer and co-packer. We co-pack single-serve pour-over coffee products for customers in the U.S. market and also co-pack for the Korean market. SOURCE NuZee, Inc.
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NuZee (d/b/a Coffee Blenders) Announces Full Exercise and Closing of Over-Allotment Option
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PLANO, Texas, July 21, 2020 /PRNewswire/ -- NuZee, Inc. (NASDAQ: NUZE) ("NuZee"), a single-serve pour-over coffee producer and co-packer, announced today the underwriters of its previously announced public offering of common stock have fully exercised and closed on their over-allotment option, resulting in the issuance of an additional 105,000 shares of its common stock. The option was granted in connection with the underwritten public offering (the "Offering") of 700,000 shares of NuZee common stock at a public offering price of $9.00 per share, which closed on June 23, 2020. The full exercise of the over-allotment option brings the total net proceeds to NuZee to approximately $6.1 million, after deducting underwriting discounts and commissions and estimated Offering expenses payable by NuZee. NuZee intends to use the net proceeds from the Offering for working capital and general corporate purposes. The Benchmark Company, LLC acted as sole book-running manager for the Offering. The Shares described above were offered by NuZee pursuant to a registration statement on FormS-1(No. 333-234643) previously filed with the U.S. Securities and Exchange Commission (the "SEC") and declared effective by the SEC on June 18, 2020. The Shares were offered only by means of a prospectus. A final prospectus relating to and describing the terms of the Offeringwas filed with the SEC. Electronic copies of the final prospectus relating to the Offering may be obtained by visitingthe SEC's website located athttp://www.sec.gov or by contacting The Benchmark Company, Attention: Prospectus Department, 150 E. 58th Street, 17th floor, New York, NY 10155, by email at [emailprotected], or by telephone at (212) 312-6700. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any Shares, nor shall there be any sales of the Shares in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-looking StatementsThis press release contains forward-looking statements that are made pursuant to the safe harbor provisions 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. NuZee cautions you that such statements are simply predictions and actual events or results may differ materially. These statements reflect NuZee's current expectations, and NuZee does not undertake to update or revise theseforward lookingstatements, even if experience or future changes make it clear that any projected results expressed or implied in this or other NuZee statements will not be realized. Further, these statements involve risks and uncertainties, many of which are beyond NuZee's control, which could cause actual results to differ materially from theforward-lookingstatements. These risks and uncertainties, many of which are beyond our control, include the effects of the COVID-19 pandemic on our operations and general economic conditions and our need for substantial additional funds. For a description of additional factors that may cause NuZee's actual results, performance or expectations to differ from any forward-looking statements, please review the information set forth in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's public reports filed with the SEC and in the final prospectus filed with the SEC. About NuZee and Coffee BlendersNuZee, Inc. (d/b/a Coffee Blenders) is a specialty coffee company and a leading U.S. single-serve pour-over coffee producer and co-packer. We co-pack single-serve pour-over coffee products for customers in the U.S. market and also co-pack for the Korean market. SOURCE NuZee, Inc.
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edtsum7186
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: CHARLOTTE, N.C., May 22, 2020 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) Chief Financial Officer Jennifer LaClair will present at the Morgan Stanley Virtual US Financials Conference on Wednesday, June 10, 2020 from approximately 11:00 11:30 a.m. ET. A live audio webcast will be available on the day of the conference at http://www.ally.com/about/investor/ under the Events and Presentations section of the Investor Relations website. A replay will also be available. About Ally Financial Inc.Ally Financial Inc. (NYSE: ALLY) is a leading digital financial-services company with $182.5 billion in assets as of March 31, 2020. As a customer-centric company with passionate customer service and innovative financial solutions, we are relentlessly focused on "Doing it Right" and being a trusted financial-services provider to our consumer, commercial, and corporate customers. We are one of the largest full-service automotive-finance operations in the country and offer a wide range of financial services and insurance products to automotive dealerships and consumers. Our award-winning online bank (Ally Bank, Member FDIC and Equal Housing Lender) offers mortgage lending, personal lending, and a variety of deposit and other banking products, including savings, money-market, and checking accounts, certificates of deposit (CDs), and individual retirement accounts (IRAs). Additionally, we offer securities-brokerage and investment-advisory services through Ally Invest. Our robust corporate finance business offers capital for equity sponsors and middle-market companies. For more information and disclosures about Ally, visit https://www.ally.com/#disclosures. Contact: Daniel EllerAlly Investor Relations704-444-5216[emailprotected] Rebecca AndersonAlly Communications (Media)980-312-8681[emailprotected] SOURCE Ally Financial Related Links http://www.ally.com
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Ally Financial to Present at Morgan Stanley Virtual US Financials Conference
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CHARLOTTE, N.C., May 22, 2020 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) Chief Financial Officer Jennifer LaClair will present at the Morgan Stanley Virtual US Financials Conference on Wednesday, June 10, 2020 from approximately 11:00 11:30 a.m. ET. A live audio webcast will be available on the day of the conference at http://www.ally.com/about/investor/ under the Events and Presentations section of the Investor Relations website. A replay will also be available. About Ally Financial Inc.Ally Financial Inc. (NYSE: ALLY) is a leading digital financial-services company with $182.5 billion in assets as of March 31, 2020. As a customer-centric company with passionate customer service and innovative financial solutions, we are relentlessly focused on "Doing it Right" and being a trusted financial-services provider to our consumer, commercial, and corporate customers. We are one of the largest full-service automotive-finance operations in the country and offer a wide range of financial services and insurance products to automotive dealerships and consumers. Our award-winning online bank (Ally Bank, Member FDIC and Equal Housing Lender) offers mortgage lending, personal lending, and a variety of deposit and other banking products, including savings, money-market, and checking accounts, certificates of deposit (CDs), and individual retirement accounts (IRAs). Additionally, we offer securities-brokerage and investment-advisory services through Ally Invest. Our robust corporate finance business offers capital for equity sponsors and middle-market companies. For more information and disclosures about Ally, visit https://www.ally.com/#disclosures. Contact: Daniel EllerAlly Investor Relations704-444-5216[emailprotected] Rebecca AndersonAlly Communications (Media)980-312-8681[emailprotected] SOURCE Ally Financial Related Links http://www.ally.com
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edtsum7200
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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: BURLINGTON, Mass.--(BUSINESS WIRE)--Bank of New Hampshire has selected ZSuite Technologies, a financial technology company offering digital tools that help businesses and individuals automate collection of recurring payments and manage security deposits, to expand its digital offerings. Through this partnership, Bank of New Hampshire is now the first financial institution in New Hampshire to offer ZDeposit and ZRent. Searching for solutions that would drive efficiency for its customers and future customers, Bank of New Hampshire partnered with ZSuite Technologies to offer products that solve real problems for its account holders by replacing outdated processes with out-of-the-box technology. With ZSuites easy-to-use solutions, the community banks account holders can run their businesses more efficiently by streamlining their payment collection and management capabilities. ZSuites values align well with Bank of New Hampshires goal to continuously look for innovative offerings while allowing our customers to bank at a time and place that is convenient for them, said James Hayes, Vice President - Corporate Cash Management Manager for Bank of New Hampshire. To improve efficiency in todays demanding world, it is important to provide services that are easy to use and deploy while saving our customers time and effort. Being compliant with state regulations that oversee security deposits for tenants and landlords ensures our customers and their customers can have the confidence that Bank of New Hampshire is protecting their assets. Built for property managers and landlords to make day-to-day property management faster, easier, more secure and more compliant, ZSuite provides tools that help users manage their properties while expanding their relationship with the financial institution. By automatically integrating state compliance laws into the platform, these products relieve the stress of managing complex regulations. Additionally, the ZSuite team can introduce new state compliance regulations in 30 to 60 days. We are excited to introduce ZRent and ZDeposit to the state of New Hampshire and Bank of New Hampshire through this partnership, said Nathan Baumeister, CEO of ZSuite. At ZSuite Technologies, we provide financial institutions with digital products for specific commercial verticals, helping them to grow and compete in this ever-changing landscape. Together, ZSuite and Bank of New Hampshire will strengthen customer relationships and provide answers to long-standing issues. Advocating for the technological and financial growth of banks and credit unions, ZSuite champions financial institutions by offering SaaS solutions as a unique, value-add service. Serving the underserved and unknown niche markets within its already present customer base, these all-digital solutions are exclusively available to banks and credit unions with the capability of individualized customization. About Bank of New Hampshire Bank of New Hampshire, founded in 1831, provides deposit, lending and wealth management products and services to families and businesses throughout New Hampshire and southern Maine. With 21 banking offices and assets exceeding $2 billion, Bank of New Hampshire is the oldest and one of the largest independent banks in the state. Bank of New Hampshire is a mutual organization, focused on the success of the banks customers, communities and employees, rather than stockholders. For more information, call 1.800.832.0912 or visit www.BankNH.com. Member FDIC. Equal Housing Lender. About ZSuite Technologies ZSuite Technologies is a financial technology company that aims to power community financial institutions with digital escrow products for specific commercial verticals that can be offered to their clients. ZSuite's products, ZRent, ZDeposit and ZEscrow, streamline collection of recurring payments and automate the management and compliance around multi-use escrow subaccounting processes. To learn more about ZSuite Technologies and how it can help your financial institution, please visit: https://www.zsuitetech.com.
Answer:
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Bank of New Hampshire Becomes First in State to Partner with ZSuite Technologies Community financial institution to expand digital offerings with ZDeposit and ZRent
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BURLINGTON, Mass.--(BUSINESS WIRE)--Bank of New Hampshire has selected ZSuite Technologies, a financial technology company offering digital tools that help businesses and individuals automate collection of recurring payments and manage security deposits, to expand its digital offerings. Through this partnership, Bank of New Hampshire is now the first financial institution in New Hampshire to offer ZDeposit and ZRent. Searching for solutions that would drive efficiency for its customers and future customers, Bank of New Hampshire partnered with ZSuite Technologies to offer products that solve real problems for its account holders by replacing outdated processes with out-of-the-box technology. With ZSuites easy-to-use solutions, the community banks account holders can run their businesses more efficiently by streamlining their payment collection and management capabilities. ZSuites values align well with Bank of New Hampshires goal to continuously look for innovative offerings while allowing our customers to bank at a time and place that is convenient for them, said James Hayes, Vice President - Corporate Cash Management Manager for Bank of New Hampshire. To improve efficiency in todays demanding world, it is important to provide services that are easy to use and deploy while saving our customers time and effort. Being compliant with state regulations that oversee security deposits for tenants and landlords ensures our customers and their customers can have the confidence that Bank of New Hampshire is protecting their assets. Built for property managers and landlords to make day-to-day property management faster, easier, more secure and more compliant, ZSuite provides tools that help users manage their properties while expanding their relationship with the financial institution. By automatically integrating state compliance laws into the platform, these products relieve the stress of managing complex regulations. Additionally, the ZSuite team can introduce new state compliance regulations in 30 to 60 days. We are excited to introduce ZRent and ZDeposit to the state of New Hampshire and Bank of New Hampshire through this partnership, said Nathan Baumeister, CEO of ZSuite. At ZSuite Technologies, we provide financial institutions with digital products for specific commercial verticals, helping them to grow and compete in this ever-changing landscape. Together, ZSuite and Bank of New Hampshire will strengthen customer relationships and provide answers to long-standing issues. Advocating for the technological and financial growth of banks and credit unions, ZSuite champions financial institutions by offering SaaS solutions as a unique, value-add service. Serving the underserved and unknown niche markets within its already present customer base, these all-digital solutions are exclusively available to banks and credit unions with the capability of individualized customization. About Bank of New Hampshire Bank of New Hampshire, founded in 1831, provides deposit, lending and wealth management products and services to families and businesses throughout New Hampshire and southern Maine. With 21 banking offices and assets exceeding $2 billion, Bank of New Hampshire is the oldest and one of the largest independent banks in the state. Bank of New Hampshire is a mutual organization, focused on the success of the banks customers, communities and employees, rather than stockholders. For more information, call 1.800.832.0912 or visit www.BankNH.com. Member FDIC. Equal Housing Lender. About ZSuite Technologies ZSuite Technologies is a financial technology company that aims to power community financial institutions with digital escrow products for specific commercial verticals that can be offered to their clients. ZSuite's products, ZRent, ZDeposit and ZEscrow, streamline collection of recurring payments and automate the management and compliance around multi-use escrow subaccounting processes. To learn more about ZSuite Technologies and how it can help your financial institution, please visit: https://www.zsuitetech.com.
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edtsum7201
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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: PLAINVIEW, N.Y., Feb. 11, 2021 /PRNewswire/ -- The Residences at Plainview, a state-of-the-art luxury environment for independent adults 55 and over, is now open for business at 9 Gerhard Road.Unlike any retirement apartments in the near vicinity, the Residences at Plainview offers newly renovated studio, one-bedroom and two-bedroom apartments with full kitchens, a custom Wellness program and a host of amenities reminiscent of a luxury hotel. "We expect the Residences at Plainview to be a showcase for the way modern seniors prefer to live," said Rachel Anderson-Capone, Executive Director. "This property offers more than just apartments. It offers a complete lifestyle that fulfills the dreams of luxury our residents desire and deserve." The Residences will offer three restaurant-style meals a day in a beautiful dining room or, if weather permits, an outdoor patio, happy hour, bistro and sports bar. It has indoor and outdoor swimming pools, putting green, sauna, full exercise facilities, movie theater, art studio, salon and barber shop and exquisitely furnished living and common areas. Concierge service will be available along with 24/7 video surveillance and valet parking. The property is meticulously landscaped with appealing gardens and a sylvan walking path.Perhaps most unique will be the custom Wellness program tailored for each resident, the availability of on-site medical and rehabilitation practitioners and a homecare program.The Residences at Plainview is managed by Chelsea Senior Living, a New Jersey based company founded in the 1980's that has been at the forefront of senior housing for more than 30 years. Each of our properties is locally managed and staffed and the company founders make regular visits. Chelsea operates a full service Assisted Living and Memory Care community, Somerset Gardens, in Plainview less than a mile from the Residences.Photos and more details about the Residences at Plainview can be seen at https://residencesatplainview.com To ensure your safety during the COVID-19 pandemic, we are offering limited tours of the Residences under strict masking and social distancing requirements. Call 516-827-6949 to arrange your visit.Contact: Tom Kranz, [emailprotected], 908-889-4200SOURCE Chelsea Senior Living Related Links https://residencesatplainview.com
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Luxury Apartments for 55+ Now Open in Plainview
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PLAINVIEW, N.Y., Feb. 11, 2021 /PRNewswire/ -- The Residences at Plainview, a state-of-the-art luxury environment for independent adults 55 and over, is now open for business at 9 Gerhard Road.Unlike any retirement apartments in the near vicinity, the Residences at Plainview offers newly renovated studio, one-bedroom and two-bedroom apartments with full kitchens, a custom Wellness program and a host of amenities reminiscent of a luxury hotel. "We expect the Residences at Plainview to be a showcase for the way modern seniors prefer to live," said Rachel Anderson-Capone, Executive Director. "This property offers more than just apartments. It offers a complete lifestyle that fulfills the dreams of luxury our residents desire and deserve." The Residences will offer three restaurant-style meals a day in a beautiful dining room or, if weather permits, an outdoor patio, happy hour, bistro and sports bar. It has indoor and outdoor swimming pools, putting green, sauna, full exercise facilities, movie theater, art studio, salon and barber shop and exquisitely furnished living and common areas. Concierge service will be available along with 24/7 video surveillance and valet parking. The property is meticulously landscaped with appealing gardens and a sylvan walking path.Perhaps most unique will be the custom Wellness program tailored for each resident, the availability of on-site medical and rehabilitation practitioners and a homecare program.The Residences at Plainview is managed by Chelsea Senior Living, a New Jersey based company founded in the 1980's that has been at the forefront of senior housing for more than 30 years. Each of our properties is locally managed and staffed and the company founders make regular visits. Chelsea operates a full service Assisted Living and Memory Care community, Somerset Gardens, in Plainview less than a mile from the Residences.Photos and more details about the Residences at Plainview can be seen at https://residencesatplainview.com To ensure your safety during the COVID-19 pandemic, we are offering limited tours of the Residences under strict masking and social distancing requirements. Call 516-827-6949 to arrange your visit.Contact: Tom Kranz, [emailprotected], 908-889-4200SOURCE Chelsea Senior Living Related Links https://residencesatplainview.com
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edtsum7210
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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, Nov. 4, 2020 /PRNewswire/ -- WeTrade Group Inc. (US: WETG) ("WeTrade Group" or "the Company") announced a plan to upgrade its cloud intelligence system service to better satisfy the Chinese market, after the technological service upgradeestablishment. Along with the sustained development of social e-commerce in China, the industrial demands have been changing from the basic to a sophisticated social community e-commerce. WeTrade Group uses its advantages in technology and service to better target the market and serve audiences. Trend of domestic social e-commerce development Starting from 2012, the social e-commerce has developed for several stages, including the direct and extensive exploration, mode discovery and high-speed development. At present, as the enhancement of new technological and informative infrastructures, the social e-commerce is stepping into an explosive growth period. According to the data from China Internet Association, the total revenue of Chinese social e-commerce has surpassed RMB 2 Trillion in 2019, the 63.2% growth demonstrates that it is hottest in e-commerce industry. Until 2019, the social e-commerce has accumulated more than 50 million practitioners, increased by 58.3% in comparison with the last year. Because of the prosperous and expanding market, more companies choose to participate in the field, such as JD.com, Tencent andMeituan. However, more enterprises have not increased the market competition due to the lack of professionalism for the industry. At present, there are three companies that have attracted attention in the social e-commerce field, Pinduoduo (NASDAQ: PDD), Yunji (NASDAQ: YJ) and WeTrade Group (US: WETG). They are the leaders of different fields in the social e-commerce market. And they are all listed on the US stock market.Pinduoduo represents the early stage of social e-commerce, developing group buying and digging social traffic to attract customers; Yunji illustrates the middle stage by distribution and partially open platform, tostimulate everyone's interest in the community and improve the customer experience; WeTrade Group shows the new industry direction by focusing on how to improve service and customer experience, how to operate the company and community in an elaborated mode, and how to manage the vendors to increaseproduct quality. Currently, communities are not the basic foundation of social e-commerce, but the technology. Because of the tech development, more dimensional issues will be solved. WeTrade Group has aimed the technological service of social e-commerce in 2019 and exploits new methods with prospective insights and visions. WeTrade Groupprovides technical services and solutions as a listed SaaS business to support micro-business online stores and social e-commerce platforms. In 2020, WeTrade Group has developed rapidly with its core revenue management system "WePay" in the Chinese market. To better satisfy the development demand of Chinese social e-commerce trend, WeTrade Group has finished the technological service upgrade in September, aiming to enhance customer relationship management. Through the updated service, customers will benefit from stabilized user relationship and strengthened partnership cooperation, and the company can also realize cross-selling and up-selling to increase operational revenue for customers.In the future, the involvement of more companies and the change of customer demands will influence the industry. The commercial logic may also be improved. The only clear trend for the industry is that being tested by the market would be the winner to rewrite the social e-commerce development.About WeTrade Group Inc.WeTrade Group Inc. provides technical services and solutions based on membership-based social e-commerce. Through big-data, social recommendation relationships, multi-channel app data statistics, etc., the Company developed a social e-commerce revenue management system. The main functions of the system are user marketing relationship implementation, CPS commission profit management, multi-channel app data statistics, etc. The system has been applied in the retail, tourism, hospitality and beauty industries, focusing on 100 million micro-business users in China. WeTrade conducts its business operations in mainland China and trial-operations in Hong Kong SAR, and Singapore.For more information and product demos:http://www.wetradegroup.netMedia Contact:+86-186-1124-1126 [emailprotected] IR Contact:[emailprotected]SOURCE WeTrade Group Inc.
Answer:
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WeTrade Group Competes in Social E-Commerce with Technology Service Upgrade
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BEIJING, Nov. 4, 2020 /PRNewswire/ -- WeTrade Group Inc. (US: WETG) ("WeTrade Group" or "the Company") announced a plan to upgrade its cloud intelligence system service to better satisfy the Chinese market, after the technological service upgradeestablishment. Along with the sustained development of social e-commerce in China, the industrial demands have been changing from the basic to a sophisticated social community e-commerce. WeTrade Group uses its advantages in technology and service to better target the market and serve audiences. Trend of domestic social e-commerce development Starting from 2012, the social e-commerce has developed for several stages, including the direct and extensive exploration, mode discovery and high-speed development. At present, as the enhancement of new technological and informative infrastructures, the social e-commerce is stepping into an explosive growth period. According to the data from China Internet Association, the total revenue of Chinese social e-commerce has surpassed RMB 2 Trillion in 2019, the 63.2% growth demonstrates that it is hottest in e-commerce industry. Until 2019, the social e-commerce has accumulated more than 50 million practitioners, increased by 58.3% in comparison with the last year. Because of the prosperous and expanding market, more companies choose to participate in the field, such as JD.com, Tencent andMeituan. However, more enterprises have not increased the market competition due to the lack of professionalism for the industry. At present, there are three companies that have attracted attention in the social e-commerce field, Pinduoduo (NASDAQ: PDD), Yunji (NASDAQ: YJ) and WeTrade Group (US: WETG). They are the leaders of different fields in the social e-commerce market. And they are all listed on the US stock market.Pinduoduo represents the early stage of social e-commerce, developing group buying and digging social traffic to attract customers; Yunji illustrates the middle stage by distribution and partially open platform, tostimulate everyone's interest in the community and improve the customer experience; WeTrade Group shows the new industry direction by focusing on how to improve service and customer experience, how to operate the company and community in an elaborated mode, and how to manage the vendors to increaseproduct quality. Currently, communities are not the basic foundation of social e-commerce, but the technology. Because of the tech development, more dimensional issues will be solved. WeTrade Group has aimed the technological service of social e-commerce in 2019 and exploits new methods with prospective insights and visions. WeTrade Groupprovides technical services and solutions as a listed SaaS business to support micro-business online stores and social e-commerce platforms. In 2020, WeTrade Group has developed rapidly with its core revenue management system "WePay" in the Chinese market. To better satisfy the development demand of Chinese social e-commerce trend, WeTrade Group has finished the technological service upgrade in September, aiming to enhance customer relationship management. Through the updated service, customers will benefit from stabilized user relationship and strengthened partnership cooperation, and the company can also realize cross-selling and up-selling to increase operational revenue for customers.In the future, the involvement of more companies and the change of customer demands will influence the industry. The commercial logic may also be improved. The only clear trend for the industry is that being tested by the market would be the winner to rewrite the social e-commerce development.About WeTrade Group Inc.WeTrade Group Inc. provides technical services and solutions based on membership-based social e-commerce. Through big-data, social recommendation relationships, multi-channel app data statistics, etc., the Company developed a social e-commerce revenue management system. The main functions of the system are user marketing relationship implementation, CPS commission profit management, multi-channel app data statistics, etc. The system has been applied in the retail, tourism, hospitality and beauty industries, focusing on 100 million micro-business users in China. WeTrade conducts its business operations in mainland China and trial-operations in Hong Kong SAR, and Singapore.For more information and product demos:http://www.wetradegroup.netMedia Contact:+86-186-1124-1126 [emailprotected] IR Contact:[emailprotected]SOURCE WeTrade Group Inc.
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edtsum7223
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, March 8, 2021 /PRNewswire/ -- BizVibe has expanded the number of companies which can now be discovered and tracked for their automotive equipment rental and leasing industry group. Discover 8,000+ automotive equipment rental and leasing company profiles on BizVibe. Get started for free Companies listed under the NAICS category for automotive equipment rental and leasing are defined as being primarily engaged in renting or leasing passenger cars and trucks without drivers and utility trailers. Establishments in this industry group typically operate from a rental-like facility. BizVibe's detailed company profile insights help users to discover, track, evaluate, and connect with automotive equipment rental and leasing companies from all over the world. More Details: https://realestate.bizvibe.com/Automotive-Equipment-Rental-and-Leasing/BizVibe's Automotive Equipment Rental and Leasing Industry Group Contains the Following: Detailed company profiles, spanning across 150+ countries 50+ related product and service categories Company news tracking What's in a Company Profile? Organizational insights such as key competitors, operating categories, products, and service offerings Employee details such as key company personnel, stakeholders, and decision makers. Company performance and risk monitoring Latest company news with the option to sign up for weekly or monthly alerts Quickly find the right companies best suited for your business. Get started for freeTop CountriesBizVibe's platform contains 8,000+ automotive equipment rental and leasing company profiles which span across 150+ countries: 3,000+ companies in UK 2,000+ companies in USA 300+ companies in India 200+ companies in Canada 100+ companies in New Zealand Products and ServicesBizVibe categorizes all automotive equipment rental and leasing into 50+ product and service categories including: Long-term car rental Luxury car rental Motorhome rental Truck rental Trailer rental View all related product and service categoriesNews TrackingBizVibe allows users to create custom dashboards to manage and track companies within automotive equipment rental and leasing categories. Track the latest news of all your followed companies including: Financial News M&A Partnerships Product/Service Launches Management Moves Compliance and Legal News Real Estate Industry CompaniesThe automotive equipment rental and leasing industry group is a part of BizVibe's real estate rental and leasing industry. There are eight industry groups in total. Discover real estate rental and leasing companies for related industry groups: Offices of Real Estate Agents and Brokers Consumer Goods Rental Commercial and Industrial Machinery and Equipment Rental and Leasing Lessors of Real Estate Activities Related to Real Estate View all real estate rental and leasing categoriesBizVibe for Buyers and SellersBizVibe is the modern B2B platform dedicated to connecting global buyers and sellers. Powered by the latest best-in-class solutions, BizVibe provides outstanding product features for both category managers and sales professionals. For buyers,BizVibe helps companies quickly discover and shortlist suppliers, compare companies, create customized alerts for supplier news, and send RFI/RFPs from pre-built templates. For sales teams, Bizvibe allows users to efficiently build prospects lists, track and evaluate companies, and integrate their CRM.This all-in-one platform was designed to equip users with all necessary tools needed to complete the entire buying/sales cycle in a single workspace.About BizVibeBizVibe has been conceptualized and built by a team based out of Toronto, Bangalore, and London. We are a branch of Infiniti Research and have dedicated units in all three locations. BizVibe helps buyers find the most relevant suppliers from around the world and help sellers target prospects who need their products and/or services. For more information, please visit www.bizvibe.comand start for free today.ContactBizVibeJesse MaidaEmail: [emailprotected]+1 855-897-5880Website: https://www.bizvibe.com/SOURCE BizVibe
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Automotive Equipment Rental and Leasing Industry | BizVibe Adds New Automotive Equipment Companies Which Can Be Discovered and Tracked
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NEW YORK, March 8, 2021 /PRNewswire/ -- BizVibe has expanded the number of companies which can now be discovered and tracked for their automotive equipment rental and leasing industry group. Discover 8,000+ automotive equipment rental and leasing company profiles on BizVibe. Get started for free Companies listed under the NAICS category for automotive equipment rental and leasing are defined as being primarily engaged in renting or leasing passenger cars and trucks without drivers and utility trailers. Establishments in this industry group typically operate from a rental-like facility. BizVibe's detailed company profile insights help users to discover, track, evaluate, and connect with automotive equipment rental and leasing companies from all over the world. More Details: https://realestate.bizvibe.com/Automotive-Equipment-Rental-and-Leasing/BizVibe's Automotive Equipment Rental and Leasing Industry Group Contains the Following: Detailed company profiles, spanning across 150+ countries 50+ related product and service categories Company news tracking What's in a Company Profile? Organizational insights such as key competitors, operating categories, products, and service offerings Employee details such as key company personnel, stakeholders, and decision makers. Company performance and risk monitoring Latest company news with the option to sign up for weekly or monthly alerts Quickly find the right companies best suited for your business. Get started for freeTop CountriesBizVibe's platform contains 8,000+ automotive equipment rental and leasing company profiles which span across 150+ countries: 3,000+ companies in UK 2,000+ companies in USA 300+ companies in India 200+ companies in Canada 100+ companies in New Zealand Products and ServicesBizVibe categorizes all automotive equipment rental and leasing into 50+ product and service categories including: Long-term car rental Luxury car rental Motorhome rental Truck rental Trailer rental View all related product and service categoriesNews TrackingBizVibe allows users to create custom dashboards to manage and track companies within automotive equipment rental and leasing categories. Track the latest news of all your followed companies including: Financial News M&A Partnerships Product/Service Launches Management Moves Compliance and Legal News Real Estate Industry CompaniesThe automotive equipment rental and leasing industry group is a part of BizVibe's real estate rental and leasing industry. There are eight industry groups in total. Discover real estate rental and leasing companies for related industry groups: Offices of Real Estate Agents and Brokers Consumer Goods Rental Commercial and Industrial Machinery and Equipment Rental and Leasing Lessors of Real Estate Activities Related to Real Estate View all real estate rental and leasing categoriesBizVibe for Buyers and SellersBizVibe is the modern B2B platform dedicated to connecting global buyers and sellers. Powered by the latest best-in-class solutions, BizVibe provides outstanding product features for both category managers and sales professionals. For buyers,BizVibe helps companies quickly discover and shortlist suppliers, compare companies, create customized alerts for supplier news, and send RFI/RFPs from pre-built templates. For sales teams, Bizvibe allows users to efficiently build prospects lists, track and evaluate companies, and integrate their CRM.This all-in-one platform was designed to equip users with all necessary tools needed to complete the entire buying/sales cycle in a single workspace.About BizVibeBizVibe has been conceptualized and built by a team based out of Toronto, Bangalore, and London. We are a branch of Infiniti Research and have dedicated units in all three locations. BizVibe helps buyers find the most relevant suppliers from around the world and help sellers target prospects who need their products and/or services. For more information, please visit www.bizvibe.comand start for free today.ContactBizVibeJesse MaidaEmail: [emailprotected]+1 855-897-5880Website: https://www.bizvibe.com/SOURCE BizVibe
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edtsum7224
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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: WEST HOMESTEAD, Pa., April 8, 2021 /PRNewswire/ --alpscontrols.comannounced today that it hired Building Automation Controls industry veteran Josh Felperin as Global Sales Director. Mr.Felperinbrings17 years of results-driven sales strategy, marketing and brand management to alpscontrols.com, where he'll be tasked with increasing sales through new and existing customers, and expanding the markets served by alpscontrols.comand eParts Services LLC. "Josh brings with him an extraordinary level of experience and firsthand relationships with the controls and mechanical contractors who buy our parts online," said David Meyers, alpscontrols.com CEO and President. "His tremendous reputation as a strategic partner, along with his impressive network of industry leaders, will bring extraordinary value to our customers." Beforealpscontrols.com, Mr.Felperin served in several capacities for 13 years at Siemens Building Products, working most recently as a Senior National Sales Manager. In this position, he managed the growth of their indirect building automation channel and directed a national, diversified team of ten Territory Managers. Previously at Siemens, Felperin served as a territory manager covering all of New York City and New Jersey and was also given responsibility for the company's southeast territory. Josh Felperin said, "I am very excited to be joining alpscontrols.com and working with both the alpscontrols.com and eParts Services LLCteams. They have an excellent reputation for creating service-based relationships with a foundation of honest communication and trust, which has always been my goal with helping customers win more projects." Mr. Felperin holds a Bachelor of Science in Biological Sciences from Southern Illinois University, and is currently earning his Executive MBA degree from the University of South Florida. alpscontrols.comis the leading online marketplace for HVAC and building automation control parts and peripherals in the Americas, offering hundreds of millions of products from over 140 of the industry's most well-known and respected brands. The company's unique and innovative business model delivers unparalleled service, selection, convenience, productivity, and price to controls contractors all over the world looking for a better, more efficient way to buy parts. eParts Services LLCchallenges the status quo by providing innovative B2B eCommerce platforms on a Platform as a Service basis, optimizing the way their partners do business. From custom branding, product organization, customer service, accounting, and marketing, the company offers a variety of highly scalable and easily customizable options made to facilitate frictionless eCommerce transactions for both standard and highly configurable products. SOURCE alpscontrols.com Related Links http://alpscontrols.com
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alpscontrols.com hires Building Automation Controls Industry Veteran as Global Sales Director Josh Felperin brings 17 years of experience in sales strategy, marketing, and brand management to online HVAC controls components provider alpscontrols.com and affiliate software provider eParts Services LLC.
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WEST HOMESTEAD, Pa., April 8, 2021 /PRNewswire/ --alpscontrols.comannounced today that it hired Building Automation Controls industry veteran Josh Felperin as Global Sales Director. Mr.Felperinbrings17 years of results-driven sales strategy, marketing and brand management to alpscontrols.com, where he'll be tasked with increasing sales through new and existing customers, and expanding the markets served by alpscontrols.comand eParts Services LLC. "Josh brings with him an extraordinary level of experience and firsthand relationships with the controls and mechanical contractors who buy our parts online," said David Meyers, alpscontrols.com CEO and President. "His tremendous reputation as a strategic partner, along with his impressive network of industry leaders, will bring extraordinary value to our customers." Beforealpscontrols.com, Mr.Felperin served in several capacities for 13 years at Siemens Building Products, working most recently as a Senior National Sales Manager. In this position, he managed the growth of their indirect building automation channel and directed a national, diversified team of ten Territory Managers. Previously at Siemens, Felperin served as a territory manager covering all of New York City and New Jersey and was also given responsibility for the company's southeast territory. Josh Felperin said, "I am very excited to be joining alpscontrols.com and working with both the alpscontrols.com and eParts Services LLCteams. They have an excellent reputation for creating service-based relationships with a foundation of honest communication and trust, which has always been my goal with helping customers win more projects." Mr. Felperin holds a Bachelor of Science in Biological Sciences from Southern Illinois University, and is currently earning his Executive MBA degree from the University of South Florida. alpscontrols.comis the leading online marketplace for HVAC and building automation control parts and peripherals in the Americas, offering hundreds of millions of products from over 140 of the industry's most well-known and respected brands. The company's unique and innovative business model delivers unparalleled service, selection, convenience, productivity, and price to controls contractors all over the world looking for a better, more efficient way to buy parts. eParts Services LLCchallenges the status quo by providing innovative B2B eCommerce platforms on a Platform as a Service basis, optimizing the way their partners do business. From custom branding, product organization, customer service, accounting, and marketing, the company offers a variety of highly scalable and easily customizable options made to facilitate frictionless eCommerce transactions for both standard and highly configurable products. SOURCE alpscontrols.com Related Links http://alpscontrols.com
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edtsum7230
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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., July 2, 2020 /PRNewswire/ -- Cat Out of Hell: Dodge//SRT Introduces the Most Powerful SUV Ever the 710-horsepower 2021 Durango SRT Hellcat Tim Kuniskis, Global Head of Alfa Romeo and Head of Passenger Cars Dodge, SRT, Chrysler and FIAT, FCA North America, introduces three 700+ horsepower SRT versions across the Dodge lineup for the 2021 model year. Introducing (left to right) the 807-horsepower Dodge Challenger SRT Super Stock, 710-horsepower Durango SRT Hellcat and 797-horsepower Charger SRT Hellcat Redeye. Powered by the proven supercharged 6.2-liter HEMI Hellcat V-8 engine paired with the quick-shifting TorqueFlite 8HP95 eight-speed automatic transmission, the three-row muscle car Dodge Durango joins Challenger and Charger in Hellcat form, delivering 710 horsepower and 645 lb.-ft. of torque Durango SRT Hellcat runs 0-60 miles per hour (mph) in 3.5 seconds, has a National Hot Rod Association (NHRA) certified quarter-mile elapsed time of 11.5 seconds, a top speed of 180 mphand runs 1.5 seconds faster than the SRT 392 on a 2.1-mile road course, equal to 9 car lengths after one lap Dodge will build the Durango SRT Hellcat for the 2021 model year only The 2021 Durango lineup features an updated aggressive exterior with a forward-leaning profile capturing Charger Widebody design cues with the new front fascia, LED low/high headlamps,signatureLED daytime running lamps (DRL), grille, rear spoiler and wheel options Performance-inspired interior features a new driver-oriented cockpit, including new instrument panel, wrapped and accent-stitched mid-bolster and center console, upgraded door panels, and the all-new five-times-faster Uconnect 5, with the largest-in-class available 10.1-inch touchscreen The new Tow N Go Package, available on the Durango R/T, leverages its 5.7-liter HEMI V-8 performance, SRT's menacing looks, muscular front and rear fender flares, and black Brembo six-piston brakes, all while delivering best-in-class towing of 8,700 lbs., an increased top speed of 145 mph, Track, Sport, Snow and Tow drive modes and a new SRT-tuned performance exhaust with an iconic Dodge exhaust rumble No SUV in the world can tow more or carry more with a faster quarter-mile time than the Durango SRT Hellcat. Durango SRT Hellcat, SRT 392 and R/T Tow N Go models outhaul every full-size, three-row SUV on the road with best-in-class towing capability of 8,700 pounds Dealer orders open this summer and vehicles are scheduled to start arriving in Dodge//SRT dealerships this fall; Durango SRT Hellcat orders will open this fall and are scheduled to start arriving in dealerships early in 2021 A muscle SUV for muscle car people with families, the Dodge Durango joins the Challenger and Charger in SRT Hellcat form as the most powerful SUV ever. Powered by the proven supercharged 6.2-liter HEMI Hellcat V-8 engine delivering 710 horsepower and 645 lb.-ft. of torque, the Durango SRT Hellcat runs 0-60 miles per hour (mph) in 3.5 seconds, has a National Hot Rod Association (NHRA) certified quarter-mile elapsed time of 11.5, a top speed of 180 mph and runs 1.5 seconds faster than the SRT 392 on a 2.1-mile road course, equal to 9 car lengths after one lap."The Brotherhood of Muscle includes families of all sizes and the Durango delivers Dodge performance as the Charger of the three-row SUV segment," said Tim Kuniskis, Global Head of Alfa Romeo and Head of Passenger Cars Dodge, SRT, Chrysler and FIAT, FCA North America. "And new for 2021, we have raised the bar even higher. The 710-horsepower Hellcat is the most powerful SUV ever. It's the last piece of the puzzle and, alongside the Charger and Challenger, completes the Dodge brand's performance lineup."Dodge will build the Durango SRT Hellcat for the 2021 model year only.Beyond the SRT Hellcat, the entire Durango lineup for 2021 features new aggressive exterior styling, a new interior with a Challenger-inspired, driver-centric cockpit, five-times-faster Uconnect 5 on the available, largest-in-class 10.1-inch touchscreen and more performance than ever with six distinct models SXT, GT, Citadel, R/T, SRT 392 and SRT Hellcat.No SUV in the world can tow more or carry more with a faster quarter-mile time than the Durango SRT Hellcat. The Durango continues its ability to out-haul every full-size, three-row SUV on the road with the SRT Hellcat, SRT 392 and R/T Tow N Go delivering best-in-class towing capability of 8,700 pounds.Dealer orders open this summer and vehicles are scheduled to start arriving in Dodge//SRT dealerships this fall; Durango SRT Hellcat orders will open this fall and are scheduled to start arriving in dealerships early in 2021.2021 Dodge Durango SRT Hellcat is the most powerful SUV everDesigned and engineered to push the boundaries of what an SUV can be, the 2021 Dodge Durango SRT Hellcat is powered by the proven supercharged 6.2-liter HEMI Hellcat V-8 engine, which delivers a best-in-class 710 horsepower and 645 lb.-ft. of torque, mated to a standard TorqueFlite 8HP95 eight-speed automatic transmission.The performance improvements begin with the new front fascia design, a new chin splitter, updated engine oil cooler duct, air guide and snorkel for cold air induction. A new, unique rear spoiler creates an improved aerodynamic balance with the new front-end design, resulting in a massive increase in rear downforce of more than 400 percent (140 lbs. @ 180 mph).SRT engineers upgraded the Durango SRT Hellcat to improve handling, including several race-inspired technologies and Brembo brakes, resulting in performance numbers never before seen on a Durango.Compared with the previous top performance Durango, the 2020 Durango SRT 392, the new 2021 Durango SRT Hellcat has an upgraded suspension that delivers: More comfort in Auto mode and better handling in Track mode: Thanks to a tuned internal rebound spring coupled with a matched upper top mount, the dynamic tuning range is increased Rear damper top mounts are 18 percent stiffer More responsiveness with 20 percent increase in total rebound control More grip with reduced understeer by 2.5 percent, allowing the driver to go into a corner faster and exit quicker More stability turning into corners with an improved roll gradient of 5 percent The 2021 Durango SRT 392 adopts the rebound spring shocks and the upper rear top mounts from the SRT Hellcat suspension, which helps to deliver faster lap times and better handling compared to the outgoing model.The Durango SRT Hellcat comes standard with electric power steering (EPS) with selectable steering tuning to better manage increased grip, both improving handling performance and delivering better steering feel and ease of turning efforts at parking lot speeds. With EPS and standard SRT drive modes accessed via the new 10.1-inch touchscreen, drivers can tailor their driving experience by controlling transmission shift speeds, steering, paddle shifters, traction, all-wheel drive (AWD) and suspension settings SRT Drive modes offer selectable settings for Street (Auto), Sport and Track, while the Custom setting allows the driver to select individual preferences Race-inspired technologies that come standard for both 2021 Durango SRT models also bolster performance: Launch Control easily accessed from a toggle switch in the cockpit, manages tire slip while launching the vehicle to allow the driver to achieve consistent straight-line acceleration Launch Assist uses wheel speed sensors to watch for driveline-damaging wheel hop at launch and, in milliseconds, modifies the engine torque to regain full grip The 2021 Dodge Durango SRT Hellcat delivers excellent braking performance, requiring 116 feet to come to a full stop from 60 mph. The credit belongs to the massive standard Brembo high-performance six-piston, two-piece (front) and four-piston (rear) calipers, and vented rotors at all four corners measuring 15.75 inches (front) and 13.8 inches (rear).Durango-specific tuning, weight distribution, wheelbase and reduced understeer equals more grip and improved cornering. SRT engineers took the most powerful SUV ever to the track to see what it can do.The result: The 2021 Durango SRT Hellcat runs 0-60 mph in 3.5 seconds, covers the quarter-mile in 11.5 seconds and has a top speed of 180 mph. It also delivers a road course lap time 1.5 seconds faster than the 2020 Durango SRT 392 on a 2.1-mile road course, equal to 9 car lengths after one lap.Heart of a HellcatThe heart of the 2021 Dodge Durango SRT Hellcat is the renown, supercharged 6.2-liter HEMI V-8, with 710 horsepower at 6,100 rpm and 645 lb.-ft. of torque.A hallmark of the Hellcat engine is delivering unmatched, attention-getting performance when ordered up by the driver's right foot, while also providing smooth and refined power flow during daily driving duties or while cruising the open road.SRT powertrain engineers developed and tested the Hellcat engine and tailored it to the Durango, ensuring it reliably handles the rigors of spirited driving in track situations for sustained periods of time without needing to de-rate its power output due to high temperatures.An important part of that strategy, powertrain engineers created a dedicated cooling circuit for the charge air coolers integrated in the supercharger housing. This cooling circuit includes a pump, coolant reservoir and heat exchanger, and is designed to keep the air flowing into the engine cooler than 140 degrees Fahrenheit.The twin-screw rotors in the supercharger are set close to minimize air leakage and ensure maximum performance. A proprietary coating on the rotors enables the tight fit, minimizes wear and provides corrosion resistance.An integrated electronic bypass valve regulates boost pressure to a maximum of 11.6 psi (80 kPa). The 2.38-liter supercharger uses a drive ratio of 2.36:1 and has a maximum speed of 14,600 rpm. It is sealed for life with a premium synthetic oil.Other key components of the Hellcat engine include: Cast-iron engine block with water jackets between the cylinders for optimal cooling Forged-steel crankshaft with induction-hardened bearing surfaces Specially tuned crankshaft damper, burst tested to 13,000 rpm High-strength, forged-alloy pistons Powder-forged connecting rods with high-load-capacity bushings and diamond-like, carbon-coated piston pins Piston-cooling oil jets Heat-treated aluminum-alloy cylinder heads Sodium-cooled exhaust valves, hollow-stem intake valves and steel-alloy heads that stand up to temperatures as high as 1,652 degrees Fahrenheit (900 degrees Celsius) A cold-air scoop in the lower front fascia helps feed the supercharger and the Hellcat engine's 92-mm throttle body.Two high-flow variable pressure fuel pumps feed the high-performance demands of the Hellcat engine.The Dodge Durango SRT Hellcat's exhaust system has been tuned to deliver the throaty, aggressive sound that lets bystanders know this three-row muscle car is something special and distinctly Dodge. The changes include the addition of a 260-millimeter crossover X-pipe, the largest X-pipe in the SRT lineup, to the twin-pipe exhaust.The Dodge Durango's Hellcat engine is mated to a robust, quick-shifting, high-performance TorqueFlite eight-speed automatic transmission. The transmission includes provisions for manual shifting via steering-wheel-mounted paddles and has seven available Drive modes Auto, Sport, Track, Snow, Tow, Eco and Valet.In addition to the head-turning Durango SRT Hellcat, the entire 2021 Dodge Durango lineup offers buyers a wide range of engine options to suit practically any requirement: The 392-cubic-inch HEMI V-8 delivers 475 horsepowerand 470 lb.-ft. of torque. It posts 0-60 mph acceleration of 4.4 seconds, NHRA-certified quarter-mile time of 12.9 seconds and best-in-class towing capability of 8,700 pounds The 5.7-liter HEMI V-8 engine is rated at 360 horsepowerand 390 lb.-ft. of torque with a tow rating of 7,400 pounds. Fuel Saver Technology with cylinder-deactivation seamlessly alternates between smooth, high-fuel-economy four-cylinder mode and V-8 mode when more power is demanded The new Tow N Go Package available on the Durango R/T leverages its HEMI V-8 performance to deliver best-in-class towing of 8,700 lbs. and an increased top speed of 145 mph The 3.6-liter Pentastar V-6 engine generates up to 295 horsepowerand 260 lb.-ft. of torque. When equipped, the Durango has an available best-in-class V-6 towing capacity of 6,200 pounds. Standard engine stop-start (ESS) technology lowers emissions while also saving fuel New, aggressive and modern exterior styling across the entire Durango lineupThe refreshed exterior on the Durango is distinctly Dodge, maintaining its muscular body and aggressive styling, blending SRT and muscle car DNA throughout the Durango lineup.Durango's proud, forward-leaning profile captures some design cues from the latest Charger Widebody with the new front fascia, LED low/high headlamps, signature LED daytime running lamps (DRL), sculpted hood, grille, rear spoiler and a variety of wheel options.A newly designed front end creates a wide cross-car read with the upper grille, both of which flow into the new slimmer headlamp shape.The new LED headlamps are slimmer, creating a more modern shape and making Durango look more sinister than ever before. The Durango also features unique Dodge signature LED DRLs. Fog lamps are raised to make the front end feel more alert and aggressive (on non-SRT vehicles); SRT Hellcat deletes the fog lamps to create openings for more airflow to cool the high-performance Hellcat engine.A new integrated chin splitter for both SRT models was developed in the design studio and in the wind tunnel to create aero balance. The SRT Hellcat is even more aggressive with a new chin splitter, which takes advantage of the two-piece design for added downforce.Three new unique grille textures are featured across the Durango lineup: SRT Hellcat Functional performance texture with larger openings for improved cooling in Low-gloss Black SRT 392, R/T and GT Aggressive, performance-inspired texture in Low-gloss Black Citadel and SXT Premium painted Low-gloss Granite Crystal The Durango maintains its world-class precision styling while also sharing the design ethos of the Dodge Charger, with its muscular front and rear flares that accentuate the classic "Coke-bottle" sculpting of the body sides, all of which give Durango an aggressive and powerful stance.All Durango models feature LED race track lighting and new spoilers. A unique performance spoiler is featured on SRT models. Two-piece Satin Chrome SRT Hellcat fender badges flank each side of the Durango SRT Hellcat. When equipped with the SRT Black Package, the Hellcat fender badges turn to a Neutral Grey Metallic finish.A variety of new wheel options are offered throughout the Durango lineup: 20-inch-by-8-inch Fine Silver is standard on GT and R/T models 20-inch-by-8-inch Satin Carbon is standard on Citadel and included with the SXT Platinum Package 20-inch-by-8-inch Black Noise included with Blacktop Package on SXT, GT, R/T models 20-inch-by-10-inch Hyper Black is standard on R/T Tow N Go and SRT 392 models 20-inch-by-10-inch machined faced with Mid-gloss Black pockets is standard on SRT Hellcat 20-inch-by-10-inch Lights Out: Included with Black Package on SRT 392, SRT Hellcat models Included with Blacktop Package on R/T Tow N Go On both SRT models, Pirelli Scorpion Zero 295/45ZR20 all-season performance tires are standard; Pirelli P-Zero 295/45ZR20 three-season tires are available.Performance-inspired, all-new driver-oriented cockpitAlong with its ultimate performance capabilities, the new interior on the 2021 Dodge Durango continues to deliver uncompromised utility, advanced technology and aggressive styling. The new interior feels wider than the outgoing model and features a redesigned driver-centric cockpit, instrument panel, center console and front door uppers with new relocated seat memory switches for ease of access across the full Durango lineup for 2021.The Challenger-inspired driver-oriented cockpit is refined, upscale and high-tech throughout, featuring an available, largest-in-class 10.1-inch touchscreen angled 7 degrees toward the driver.The new 10.1-inch touchscreen is equipped with the Uconnect 5 system and is a part of the new, driver-oriented instrument panel. A slimmer redesigned integrated center stack (ICS) switch bank mounted below the screen is equipped with chrome-accented toggles and dedicated buttons for heated and cooled seats, making comfort controls easier to access.A fully electronic, performance-inspired shifter controls the standard TorqueFlite eight-speed automatic transmission and gives the driver the look and feel of a traditional linkage shifter.A new, wrapped and accent-stitched mid-bolster on the instrument panel is featured throughout the entire Durango lineup. On Durango GT, R/T, Citadel, SRT 392 and SRT Hellcat models, each price class has an available wrapped instrument panel.All price classes feature a newly designed, roomy console that offers more bin storage, soft-wrapped and accent-stitched surround and available, convenient wireless charging.The new flat-bottom performance steering wheel, with standard paddle shifters from the Charger and Challenger models, and standard on SRT 392 and Hellcat models, is now also available on Durango GT and R/T models. The steering wheel on SRT models features a backlit SRT logo red backlight on SRT Hellcat models; white backlight on SRT 392.New interior colors and finish options throughout the 2021 Durango lineup include: Forged Carbon Fiber on R/T, SRT 392 and SRT Hellcat models Vitra Grey interior on R/T Ebony Red interior on Citadel Lighter color interiors feature dark floors for contrast and accent the light interior with a newly wrapped and accented mid-bolster.Unique to the SRT Hellcat are red-accented gauges and standard heated and ventilated Nappa leather with suede front seats with an embroidered Hellcat logo available Laguna leather interior in black/Demonic Red, includes an embossed Hellcat logo.R/T Tow N Go: Unmatched performance and towing capabilityNew for 2021, the R/T with the available Tow N Go Package leverages SRT's menacing looks and muscular front and rear fender flares, 5.7-liter HEMI V-8 performance and unmatched towing with best-in-class towing of 8,700 lbs., an increased top speed of 145 mph, Track, Sport, Snow and Tow drive modes and a re-tuned SRT-performance exhaust with an unmistakable iconic Dodge exhaust rumble.The Durango R/T Tow N Go Package also gets SRT wheels and tires, Brembo brakes, flares and sills, exhaust with tips and a lower valance, as well as additional drive modes Track, Sport, Snow and Tow accessed through the hard buttons on the all-new integrated center stack. Track delivers maximum vehicle performance capability on smooth, dry surfaces. Tightens up to full hard suspension damping and steering gradient feel for maximum cornering capability and steering response feedback. In addition, AWD set to 30/70 for maximum performance and shift speed increases from Auto mode and electronic stability control (ESC) allows maximum yaw Sport delivers increased vehicle performance capability over Auto mode. Tightens up suspension damping and increased steering gradient feel for improved cornering capability and steering response feedback. In addition, AWD set to 35/65 for increased performance, shift speed increases from Auto mode and ESC allows more yaw for spirited driving Snow sets ideal configuration for driving in snow by setting transmission to use second gear (rather than first gear) during launches to minimize wheel slippage; stability control is set to tighter constraints and AWD is set to 50/50 distribution Tow transmission shift schedule/engine braking optimized for towing, AWD set to 50/50 for maximum stability Additional features include Performance Pages (standard on R/T models), retuned SRT Active Noise Cancellation, new Electronic Limited Slip Differential and SRT Active Damping Suspension.Four-wheel disc antilock Brembo six-piston performance brakes with black calipers are standard on the R/T with Tow N Go; SRT-engineered Brembo brakes with upgraded brake pads for improved performance with red calipers are optional. The SRT Brembo brakes on the R/T Tow N Go feature a power four-wheel disc brake system with 15-inch vented and slotted front rotors with six-piston Brembo calipers and 13.8-inch vented rear rotors with four-piston fixed Brembo calipers.The Durango R/T with Tow N Go Package features standard 20-inch-by-10-inch aluminum wheels in Hyper Black finish that ride on Pirelli Scorpion Zero all-season tires.Citadel: Fully-loaded luxury The 2021 Dodge Durango Citadel is the all-in luxury trim of the Durango lineup, delivering many premium features as standard equipment. The Citadel offers two powertrain options, both of which include standard towing equipment: The award-winning 3.6-liter Pentastar V-6 engine, rated at up to 295 horsepower and 260 lb.-ft. of torque, is standard The classic 5.7-liter HEMI V-8 engine, available on the Citadel, produces a best-in-class 360 horsepower and 390 lb.-ft. of torque Trailer-tow Group IV equipment is standard on Citadel with an integrated trailer brake switch, heavy-duty engine oil cooler, Class IV hitch receiver, rear load-leveling shocks and full-size spare tire with the Class IV trailer receiver and integrated brake controller.The Citadel exterior features high-end, unique cues and accents, including Platinum chrome accents on door handles and mirror caps, 20-inch-by-8-inch Satin Carbon wheels and dual rear exhaust with bright chrome tips. Inside, the Citadel has room for six people and features heated and ventilated Nappa leather driver and passenger seats with embossed 'Dodge stripes,' //, and heated second-row captain's chairs. The largest-in-class 10.1-inch touchscreen with Uconnect 5 comes standard with TomTom navigation, SiriusXM Radio, wireless Apple CarPlay and wireless Android Auto. The full suite of safety features, including Adaptive Cruise Control with Stop, Blind-spot Monitoring, Rear Cross Path detection, ForwardCollision Warning with Active Braking, Advanced Brake Assist and LaneSense Lane Departure Warning with Lane Keep Assist, also comes standard.2021 Dodge Durango offers largest-in-class 10.1-inch touchscreen with all-new Uconnect 5 systemThe 2021 Dodge Durango brings upgrades front and center with the all-new 10.1-inch touchscreen, which is part of the new Uconnect 5 system.The available 10.1-inch touchscreen with Uconnect 5 is nearly 20 percent larger and enables processing speeds up to five times faster than the previous generation. The 8.4-inch Uconnect touchscreen is standard on Durango SXT and GT models.The 10.1-inch touchscreen comes standard on the Durango R/T, Citadel, SRT 392 and SRT Hellcat and is optional on GT models. New wireless charging keeps personal devices fully charged without charging cords cluttering up the cabin and comes on Durango models equipped with the 10.1-inch touchscreen. Apple CarPlay and Android Auto are standard on all Durango models.The all-new Uconnect 5 system has a Dodge-themed appearance with black and red accents and unique features specific to the new Durango. SRT models have additional unique appearance features, including the SRT "smoke show" start-up animation, SRT serpentine font and some more fun-to-find Easter eggs.Additional Durango SRT models feature: SRT Performance Pages (standard on R/T) provideinformation on vehicle performance, including timers, gauges for g-force, engine and dyno readouts Configurable drive modes provide more vehicle control Race options allow the driver to activate, deactivate and adjust the rpm values for Launch Control and Shift Light features The new Durango offers the all-new Uconnect 5 system, which is five times faster, is more connected, helpful, content-rich and adds greater personalization, making it the most advanced Uconnect system ever. Highlights include: Uconnect 5 system offers more connected services and features for unmatched ease of use Enables processing speeds five times faster than previous generation using Android operating system Six different user profiles (including valet mode) each user can build their own profile with feature preferences for their home screen, music, comfort settings and vehicle operation Switching between user profiles is simple and can be handled by a single touch Ability to easily swipe between subcategories/screens Ability to connect two phones simultaneously with Bluetooth capability, for users who carry multiple phones or for passenger interaction with the Uconnect system along with the driver With the current Uconnect skill for Alexa, customers with Alexa-enabled devices at home can easily ask Alexa to start the car, lock/unlock doors and more: Uconnect 5 brings Amazon Alexa directly into the vehicle itself, giving occupants the freedom to interact with Alexa just as they do at home or on a personal device Uconnect 5 expands the capabilities of Amazon Alexa virtual assistant for an in-vehicle application With Alexa built-in, occupants can ask Alexa to play music, podcasts and audiobooks; add items to their to-do list; check news, weather, traffic, sports and other real-time information; and access tens of thousands of Alexa skills Responses and streaming audio are delivered through the Durango's audio system, allowing anyone in the entire vehicle to easily interact with Alexa Occupants have the freedom to make verbal requests just as they do at home or on a personal device Easy to personalize home screen allows the user to position high-use functions from their favorite apps together in one simple interface: Personalized content includes quick music controls, comfort settings (temperature, seating position and mirror), vehicle specific features, phone favorites, recent calls, navigation map and more Uconnect 5 system accessible for both novice and expert users alike New connected services for Durango include: TomTom navigation with predictive search and natural speak SiriusXM with 360L offers owners a more personalized listening experience New wireless Apple CarPlay enables iPhone users to access Apple Maps, Messages, phone and Apple Music through Siri Voice control or the Uconnect touchscreen New wireless Android Auto enables easy and safe access to Google voice search, Google Maps and Google Play Music via the Uconnect touchscreen or steering wheel controls Additional connectivity features include Firmware Over The Air (FOTA) software updates to periodically update the Uconnect 5 system for performance and quality improvements. Uconnect 5 also offers a 4G LTE Wi-Fi hotspot.Family entertainment is available through Durango's Blu-ray video rear-seat entertainment system with two high-resolution 9-inch screens, one on each front seat back, available on Durango GT, R/T, Citadel, SRT 392 and SRT Hellcat models. Each screen allows Durango passengers to watch their movies on Blu-ray or standard DVDs or play their gaming systems via inputs for HDMI or RCA cables for each screen integrated into the front seat backs.Distinct Colors and Appearance Packages available across the Durango lineupDodge Durango customers have an array of appearance options from which they can choose. There are 11 exterior colors and a wide variety of interior trim selections.Available Exterior Colors: Billet Silver DB Black Destroyer Grey F8 Green Granite In-Violet Octane Red Reactor Blue Redline Vice White White Knuckle Available Interior Colors: Black Black/Light Frost Black/Radar Red Black/Vitra Grey Black/Ebony Red Black/Demonic Red For a custom look straight from the factory, the Durango offers unique packages, including Blacktop, SRT Black and SRT Platinum.Dual-center exterior stripes, available on Durango GT, R/T, SRT 392 and SRT Hellcat models, are also available covering the front and rear fascias, hood, portions of the roof, spoiler and the tailgate. Stripes are offered in five colors: black with Redline accent tracer, Bright Blue, Flame Red, Gunmetal Low Gloss (metallic finish) and Sterling Silver (metallic finish).Dodge//SRTFor more than 100 years, the Dodge brand has carried on the spirit of brothers John and Horace Dodge. Their influence continues today as Dodge shifts into high gear with muscle cars and SUVs that deliver unrivaled performance in each of the segments where they compete.2021 marks the year that Dodge is distilled into a pure performance brand, offering Hellcat-powered, 700+ horsepower SRT versions of every model across the lineup. For the 2021 model year, Dodge delivers the drag-strip dominating 807-horsepower Dodge Challenger SRT Super Stock, the new 797-horsepower Dodge Charger SRT Redeye, the most powerful and fastest mass-produced sedan in the world, and the new 710-horsepower Dodge Durango SRT Hellcat, the most powerful SUV ever. Combined, these three muscle cars make Dodge the industry's most powerful brand, offering more horsepower than any other American brand across its entire lineup.In June 2020,Dodgewas named the "#1 Brand in Initial Quality," makingitthe first domestic brand everto rank No. 1 in the J.D. Power Initial Quality Study (IQS).Dodge is part of the portfolio of brands offered by global automaker Fiat Chrysler Automobiles. For more information regarding FCA (NYSE: FCAU/ MTA: FCA), please visitwww.fcagroup.com.SOURCE FCA
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Cat Out of Hell: Dodge//SRT Introduces the Most Powerful SUV Ever - 2021 Durango SRT Hellcat For Muscle Car People With Families, the 2021 Dodge Durango Features New Aggressive Exterior Styling, New Interior With Driver-Centric Cockpit and New 710-horsepower SRT Hellcat
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AUBURN HILLS, Mich., July 2, 2020 /PRNewswire/ -- Cat Out of Hell: Dodge//SRT Introduces the Most Powerful SUV Ever the 710-horsepower 2021 Durango SRT Hellcat Tim Kuniskis, Global Head of Alfa Romeo and Head of Passenger Cars Dodge, SRT, Chrysler and FIAT, FCA North America, introduces three 700+ horsepower SRT versions across the Dodge lineup for the 2021 model year. Introducing (left to right) the 807-horsepower Dodge Challenger SRT Super Stock, 710-horsepower Durango SRT Hellcat and 797-horsepower Charger SRT Hellcat Redeye. Powered by the proven supercharged 6.2-liter HEMI Hellcat V-8 engine paired with the quick-shifting TorqueFlite 8HP95 eight-speed automatic transmission, the three-row muscle car Dodge Durango joins Challenger and Charger in Hellcat form, delivering 710 horsepower and 645 lb.-ft. of torque Durango SRT Hellcat runs 0-60 miles per hour (mph) in 3.5 seconds, has a National Hot Rod Association (NHRA) certified quarter-mile elapsed time of 11.5 seconds, a top speed of 180 mphand runs 1.5 seconds faster than the SRT 392 on a 2.1-mile road course, equal to 9 car lengths after one lap Dodge will build the Durango SRT Hellcat for the 2021 model year only The 2021 Durango lineup features an updated aggressive exterior with a forward-leaning profile capturing Charger Widebody design cues with the new front fascia, LED low/high headlamps,signatureLED daytime running lamps (DRL), grille, rear spoiler and wheel options Performance-inspired interior features a new driver-oriented cockpit, including new instrument panel, wrapped and accent-stitched mid-bolster and center console, upgraded door panels, and the all-new five-times-faster Uconnect 5, with the largest-in-class available 10.1-inch touchscreen The new Tow N Go Package, available on the Durango R/T, leverages its 5.7-liter HEMI V-8 performance, SRT's menacing looks, muscular front and rear fender flares, and black Brembo six-piston brakes, all while delivering best-in-class towing of 8,700 lbs., an increased top speed of 145 mph, Track, Sport, Snow and Tow drive modes and a new SRT-tuned performance exhaust with an iconic Dodge exhaust rumble No SUV in the world can tow more or carry more with a faster quarter-mile time than the Durango SRT Hellcat. Durango SRT Hellcat, SRT 392 and R/T Tow N Go models outhaul every full-size, three-row SUV on the road with best-in-class towing capability of 8,700 pounds Dealer orders open this summer and vehicles are scheduled to start arriving in Dodge//SRT dealerships this fall; Durango SRT Hellcat orders will open this fall and are scheduled to start arriving in dealerships early in 2021 A muscle SUV for muscle car people with families, the Dodge Durango joins the Challenger and Charger in SRT Hellcat form as the most powerful SUV ever. Powered by the proven supercharged 6.2-liter HEMI Hellcat V-8 engine delivering 710 horsepower and 645 lb.-ft. of torque, the Durango SRT Hellcat runs 0-60 miles per hour (mph) in 3.5 seconds, has a National Hot Rod Association (NHRA) certified quarter-mile elapsed time of 11.5, a top speed of 180 mph and runs 1.5 seconds faster than the SRT 392 on a 2.1-mile road course, equal to 9 car lengths after one lap."The Brotherhood of Muscle includes families of all sizes and the Durango delivers Dodge performance as the Charger of the three-row SUV segment," said Tim Kuniskis, Global Head of Alfa Romeo and Head of Passenger Cars Dodge, SRT, Chrysler and FIAT, FCA North America. "And new for 2021, we have raised the bar even higher. The 710-horsepower Hellcat is the most powerful SUV ever. It's the last piece of the puzzle and, alongside the Charger and Challenger, completes the Dodge brand's performance lineup."Dodge will build the Durango SRT Hellcat for the 2021 model year only.Beyond the SRT Hellcat, the entire Durango lineup for 2021 features new aggressive exterior styling, a new interior with a Challenger-inspired, driver-centric cockpit, five-times-faster Uconnect 5 on the available, largest-in-class 10.1-inch touchscreen and more performance than ever with six distinct models SXT, GT, Citadel, R/T, SRT 392 and SRT Hellcat.No SUV in the world can tow more or carry more with a faster quarter-mile time than the Durango SRT Hellcat. The Durango continues its ability to out-haul every full-size, three-row SUV on the road with the SRT Hellcat, SRT 392 and R/T Tow N Go delivering best-in-class towing capability of 8,700 pounds.Dealer orders open this summer and vehicles are scheduled to start arriving in Dodge//SRT dealerships this fall; Durango SRT Hellcat orders will open this fall and are scheduled to start arriving in dealerships early in 2021.2021 Dodge Durango SRT Hellcat is the most powerful SUV everDesigned and engineered to push the boundaries of what an SUV can be, the 2021 Dodge Durango SRT Hellcat is powered by the proven supercharged 6.2-liter HEMI Hellcat V-8 engine, which delivers a best-in-class 710 horsepower and 645 lb.-ft. of torque, mated to a standard TorqueFlite 8HP95 eight-speed automatic transmission.The performance improvements begin with the new front fascia design, a new chin splitter, updated engine oil cooler duct, air guide and snorkel for cold air induction. A new, unique rear spoiler creates an improved aerodynamic balance with the new front-end design, resulting in a massive increase in rear downforce of more than 400 percent (140 lbs. @ 180 mph).SRT engineers upgraded the Durango SRT Hellcat to improve handling, including several race-inspired technologies and Brembo brakes, resulting in performance numbers never before seen on a Durango.Compared with the previous top performance Durango, the 2020 Durango SRT 392, the new 2021 Durango SRT Hellcat has an upgraded suspension that delivers: More comfort in Auto mode and better handling in Track mode: Thanks to a tuned internal rebound spring coupled with a matched upper top mount, the dynamic tuning range is increased Rear damper top mounts are 18 percent stiffer More responsiveness with 20 percent increase in total rebound control More grip with reduced understeer by 2.5 percent, allowing the driver to go into a corner faster and exit quicker More stability turning into corners with an improved roll gradient of 5 percent The 2021 Durango SRT 392 adopts the rebound spring shocks and the upper rear top mounts from the SRT Hellcat suspension, which helps to deliver faster lap times and better handling compared to the outgoing model.The Durango SRT Hellcat comes standard with electric power steering (EPS) with selectable steering tuning to better manage increased grip, both improving handling performance and delivering better steering feel and ease of turning efforts at parking lot speeds. With EPS and standard SRT drive modes accessed via the new 10.1-inch touchscreen, drivers can tailor their driving experience by controlling transmission shift speeds, steering, paddle shifters, traction, all-wheel drive (AWD) and suspension settings SRT Drive modes offer selectable settings for Street (Auto), Sport and Track, while the Custom setting allows the driver to select individual preferences Race-inspired technologies that come standard for both 2021 Durango SRT models also bolster performance: Launch Control easily accessed from a toggle switch in the cockpit, manages tire slip while launching the vehicle to allow the driver to achieve consistent straight-line acceleration Launch Assist uses wheel speed sensors to watch for driveline-damaging wheel hop at launch and, in milliseconds, modifies the engine torque to regain full grip The 2021 Dodge Durango SRT Hellcat delivers excellent braking performance, requiring 116 feet to come to a full stop from 60 mph. The credit belongs to the massive standard Brembo high-performance six-piston, two-piece (front) and four-piston (rear) calipers, and vented rotors at all four corners measuring 15.75 inches (front) and 13.8 inches (rear).Durango-specific tuning, weight distribution, wheelbase and reduced understeer equals more grip and improved cornering. SRT engineers took the most powerful SUV ever to the track to see what it can do.The result: The 2021 Durango SRT Hellcat runs 0-60 mph in 3.5 seconds, covers the quarter-mile in 11.5 seconds and has a top speed of 180 mph. It also delivers a road course lap time 1.5 seconds faster than the 2020 Durango SRT 392 on a 2.1-mile road course, equal to 9 car lengths after one lap.Heart of a HellcatThe heart of the 2021 Dodge Durango SRT Hellcat is the renown, supercharged 6.2-liter HEMI V-8, with 710 horsepower at 6,100 rpm and 645 lb.-ft. of torque.A hallmark of the Hellcat engine is delivering unmatched, attention-getting performance when ordered up by the driver's right foot, while also providing smooth and refined power flow during daily driving duties or while cruising the open road.SRT powertrain engineers developed and tested the Hellcat engine and tailored it to the Durango, ensuring it reliably handles the rigors of spirited driving in track situations for sustained periods of time without needing to de-rate its power output due to high temperatures.An important part of that strategy, powertrain engineers created a dedicated cooling circuit for the charge air coolers integrated in the supercharger housing. This cooling circuit includes a pump, coolant reservoir and heat exchanger, and is designed to keep the air flowing into the engine cooler than 140 degrees Fahrenheit.The twin-screw rotors in the supercharger are set close to minimize air leakage and ensure maximum performance. A proprietary coating on the rotors enables the tight fit, minimizes wear and provides corrosion resistance.An integrated electronic bypass valve regulates boost pressure to a maximum of 11.6 psi (80 kPa). The 2.38-liter supercharger uses a drive ratio of 2.36:1 and has a maximum speed of 14,600 rpm. It is sealed for life with a premium synthetic oil.Other key components of the Hellcat engine include: Cast-iron engine block with water jackets between the cylinders for optimal cooling Forged-steel crankshaft with induction-hardened bearing surfaces Specially tuned crankshaft damper, burst tested to 13,000 rpm High-strength, forged-alloy pistons Powder-forged connecting rods with high-load-capacity bushings and diamond-like, carbon-coated piston pins Piston-cooling oil jets Heat-treated aluminum-alloy cylinder heads Sodium-cooled exhaust valves, hollow-stem intake valves and steel-alloy heads that stand up to temperatures as high as 1,652 degrees Fahrenheit (900 degrees Celsius) A cold-air scoop in the lower front fascia helps feed the supercharger and the Hellcat engine's 92-mm throttle body.Two high-flow variable pressure fuel pumps feed the high-performance demands of the Hellcat engine.The Dodge Durango SRT Hellcat's exhaust system has been tuned to deliver the throaty, aggressive sound that lets bystanders know this three-row muscle car is something special and distinctly Dodge. The changes include the addition of a 260-millimeter crossover X-pipe, the largest X-pipe in the SRT lineup, to the twin-pipe exhaust.The Dodge Durango's Hellcat engine is mated to a robust, quick-shifting, high-performance TorqueFlite eight-speed automatic transmission. The transmission includes provisions for manual shifting via steering-wheel-mounted paddles and has seven available Drive modes Auto, Sport, Track, Snow, Tow, Eco and Valet.In addition to the head-turning Durango SRT Hellcat, the entire 2021 Dodge Durango lineup offers buyers a wide range of engine options to suit practically any requirement: The 392-cubic-inch HEMI V-8 delivers 475 horsepowerand 470 lb.-ft. of torque. It posts 0-60 mph acceleration of 4.4 seconds, NHRA-certified quarter-mile time of 12.9 seconds and best-in-class towing capability of 8,700 pounds The 5.7-liter HEMI V-8 engine is rated at 360 horsepowerand 390 lb.-ft. of torque with a tow rating of 7,400 pounds. Fuel Saver Technology with cylinder-deactivation seamlessly alternates between smooth, high-fuel-economy four-cylinder mode and V-8 mode when more power is demanded The new Tow N Go Package available on the Durango R/T leverages its HEMI V-8 performance to deliver best-in-class towing of 8,700 lbs. and an increased top speed of 145 mph The 3.6-liter Pentastar V-6 engine generates up to 295 horsepowerand 260 lb.-ft. of torque. When equipped, the Durango has an available best-in-class V-6 towing capacity of 6,200 pounds. Standard engine stop-start (ESS) technology lowers emissions while also saving fuel New, aggressive and modern exterior styling across the entire Durango lineupThe refreshed exterior on the Durango is distinctly Dodge, maintaining its muscular body and aggressive styling, blending SRT and muscle car DNA throughout the Durango lineup.Durango's proud, forward-leaning profile captures some design cues from the latest Charger Widebody with the new front fascia, LED low/high headlamps, signature LED daytime running lamps (DRL), sculpted hood, grille, rear spoiler and a variety of wheel options.A newly designed front end creates a wide cross-car read with the upper grille, both of which flow into the new slimmer headlamp shape.The new LED headlamps are slimmer, creating a more modern shape and making Durango look more sinister than ever before. The Durango also features unique Dodge signature LED DRLs. Fog lamps are raised to make the front end feel more alert and aggressive (on non-SRT vehicles); SRT Hellcat deletes the fog lamps to create openings for more airflow to cool the high-performance Hellcat engine.A new integrated chin splitter for both SRT models was developed in the design studio and in the wind tunnel to create aero balance. The SRT Hellcat is even more aggressive with a new chin splitter, which takes advantage of the two-piece design for added downforce.Three new unique grille textures are featured across the Durango lineup: SRT Hellcat Functional performance texture with larger openings for improved cooling in Low-gloss Black SRT 392, R/T and GT Aggressive, performance-inspired texture in Low-gloss Black Citadel and SXT Premium painted Low-gloss Granite Crystal The Durango maintains its world-class precision styling while also sharing the design ethos of the Dodge Charger, with its muscular front and rear flares that accentuate the classic "Coke-bottle" sculpting of the body sides, all of which give Durango an aggressive and powerful stance.All Durango models feature LED race track lighting and new spoilers. A unique performance spoiler is featured on SRT models. Two-piece Satin Chrome SRT Hellcat fender badges flank each side of the Durango SRT Hellcat. When equipped with the SRT Black Package, the Hellcat fender badges turn to a Neutral Grey Metallic finish.A variety of new wheel options are offered throughout the Durango lineup: 20-inch-by-8-inch Fine Silver is standard on GT and R/T models 20-inch-by-8-inch Satin Carbon is standard on Citadel and included with the SXT Platinum Package 20-inch-by-8-inch Black Noise included with Blacktop Package on SXT, GT, R/T models 20-inch-by-10-inch Hyper Black is standard on R/T Tow N Go and SRT 392 models 20-inch-by-10-inch machined faced with Mid-gloss Black pockets is standard on SRT Hellcat 20-inch-by-10-inch Lights Out: Included with Black Package on SRT 392, SRT Hellcat models Included with Blacktop Package on R/T Tow N Go On both SRT models, Pirelli Scorpion Zero 295/45ZR20 all-season performance tires are standard; Pirelli P-Zero 295/45ZR20 three-season tires are available.Performance-inspired, all-new driver-oriented cockpitAlong with its ultimate performance capabilities, the new interior on the 2021 Dodge Durango continues to deliver uncompromised utility, advanced technology and aggressive styling. The new interior feels wider than the outgoing model and features a redesigned driver-centric cockpit, instrument panel, center console and front door uppers with new relocated seat memory switches for ease of access across the full Durango lineup for 2021.The Challenger-inspired driver-oriented cockpit is refined, upscale and high-tech throughout, featuring an available, largest-in-class 10.1-inch touchscreen angled 7 degrees toward the driver.The new 10.1-inch touchscreen is equipped with the Uconnect 5 system and is a part of the new, driver-oriented instrument panel. A slimmer redesigned integrated center stack (ICS) switch bank mounted below the screen is equipped with chrome-accented toggles and dedicated buttons for heated and cooled seats, making comfort controls easier to access.A fully electronic, performance-inspired shifter controls the standard TorqueFlite eight-speed automatic transmission and gives the driver the look and feel of a traditional linkage shifter.A new, wrapped and accent-stitched mid-bolster on the instrument panel is featured throughout the entire Durango lineup. On Durango GT, R/T, Citadel, SRT 392 and SRT Hellcat models, each price class has an available wrapped instrument panel.All price classes feature a newly designed, roomy console that offers more bin storage, soft-wrapped and accent-stitched surround and available, convenient wireless charging.The new flat-bottom performance steering wheel, with standard paddle shifters from the Charger and Challenger models, and standard on SRT 392 and Hellcat models, is now also available on Durango GT and R/T models. The steering wheel on SRT models features a backlit SRT logo red backlight on SRT Hellcat models; white backlight on SRT 392.New interior colors and finish options throughout the 2021 Durango lineup include: Forged Carbon Fiber on R/T, SRT 392 and SRT Hellcat models Vitra Grey interior on R/T Ebony Red interior on Citadel Lighter color interiors feature dark floors for contrast and accent the light interior with a newly wrapped and accented mid-bolster.Unique to the SRT Hellcat are red-accented gauges and standard heated and ventilated Nappa leather with suede front seats with an embroidered Hellcat logo available Laguna leather interior in black/Demonic Red, includes an embossed Hellcat logo.R/T Tow N Go: Unmatched performance and towing capabilityNew for 2021, the R/T with the available Tow N Go Package leverages SRT's menacing looks and muscular front and rear fender flares, 5.7-liter HEMI V-8 performance and unmatched towing with best-in-class towing of 8,700 lbs., an increased top speed of 145 mph, Track, Sport, Snow and Tow drive modes and a re-tuned SRT-performance exhaust with an unmistakable iconic Dodge exhaust rumble.The Durango R/T Tow N Go Package also gets SRT wheels and tires, Brembo brakes, flares and sills, exhaust with tips and a lower valance, as well as additional drive modes Track, Sport, Snow and Tow accessed through the hard buttons on the all-new integrated center stack. Track delivers maximum vehicle performance capability on smooth, dry surfaces. Tightens up to full hard suspension damping and steering gradient feel for maximum cornering capability and steering response feedback. In addition, AWD set to 30/70 for maximum performance and shift speed increases from Auto mode and electronic stability control (ESC) allows maximum yaw Sport delivers increased vehicle performance capability over Auto mode. Tightens up suspension damping and increased steering gradient feel for improved cornering capability and steering response feedback. In addition, AWD set to 35/65 for increased performance, shift speed increases from Auto mode and ESC allows more yaw for spirited driving Snow sets ideal configuration for driving in snow by setting transmission to use second gear (rather than first gear) during launches to minimize wheel slippage; stability control is set to tighter constraints and AWD is set to 50/50 distribution Tow transmission shift schedule/engine braking optimized for towing, AWD set to 50/50 for maximum stability Additional features include Performance Pages (standard on R/T models), retuned SRT Active Noise Cancellation, new Electronic Limited Slip Differential and SRT Active Damping Suspension.Four-wheel disc antilock Brembo six-piston performance brakes with black calipers are standard on the R/T with Tow N Go; SRT-engineered Brembo brakes with upgraded brake pads for improved performance with red calipers are optional. The SRT Brembo brakes on the R/T Tow N Go feature a power four-wheel disc brake system with 15-inch vented and slotted front rotors with six-piston Brembo calipers and 13.8-inch vented rear rotors with four-piston fixed Brembo calipers.The Durango R/T with Tow N Go Package features standard 20-inch-by-10-inch aluminum wheels in Hyper Black finish that ride on Pirelli Scorpion Zero all-season tires.Citadel: Fully-loaded luxury The 2021 Dodge Durango Citadel is the all-in luxury trim of the Durango lineup, delivering many premium features as standard equipment. The Citadel offers two powertrain options, both of which include standard towing equipment: The award-winning 3.6-liter Pentastar V-6 engine, rated at up to 295 horsepower and 260 lb.-ft. of torque, is standard The classic 5.7-liter HEMI V-8 engine, available on the Citadel, produces a best-in-class 360 horsepower and 390 lb.-ft. of torque Trailer-tow Group IV equipment is standard on Citadel with an integrated trailer brake switch, heavy-duty engine oil cooler, Class IV hitch receiver, rear load-leveling shocks and full-size spare tire with the Class IV trailer receiver and integrated brake controller.The Citadel exterior features high-end, unique cues and accents, including Platinum chrome accents on door handles and mirror caps, 20-inch-by-8-inch Satin Carbon wheels and dual rear exhaust with bright chrome tips. Inside, the Citadel has room for six people and features heated and ventilated Nappa leather driver and passenger seats with embossed 'Dodge stripes,' //, and heated second-row captain's chairs. The largest-in-class 10.1-inch touchscreen with Uconnect 5 comes standard with TomTom navigation, SiriusXM Radio, wireless Apple CarPlay and wireless Android Auto. The full suite of safety features, including Adaptive Cruise Control with Stop, Blind-spot Monitoring, Rear Cross Path detection, ForwardCollision Warning with Active Braking, Advanced Brake Assist and LaneSense Lane Departure Warning with Lane Keep Assist, also comes standard.2021 Dodge Durango offers largest-in-class 10.1-inch touchscreen with all-new Uconnect 5 systemThe 2021 Dodge Durango brings upgrades front and center with the all-new 10.1-inch touchscreen, which is part of the new Uconnect 5 system.The available 10.1-inch touchscreen with Uconnect 5 is nearly 20 percent larger and enables processing speeds up to five times faster than the previous generation. The 8.4-inch Uconnect touchscreen is standard on Durango SXT and GT models.The 10.1-inch touchscreen comes standard on the Durango R/T, Citadel, SRT 392 and SRT Hellcat and is optional on GT models. New wireless charging keeps personal devices fully charged without charging cords cluttering up the cabin and comes on Durango models equipped with the 10.1-inch touchscreen. Apple CarPlay and Android Auto are standard on all Durango models.The all-new Uconnect 5 system has a Dodge-themed appearance with black and red accents and unique features specific to the new Durango. SRT models have additional unique appearance features, including the SRT "smoke show" start-up animation, SRT serpentine font and some more fun-to-find Easter eggs.Additional Durango SRT models feature: SRT Performance Pages (standard on R/T) provideinformation on vehicle performance, including timers, gauges for g-force, engine and dyno readouts Configurable drive modes provide more vehicle control Race options allow the driver to activate, deactivate and adjust the rpm values for Launch Control and Shift Light features The new Durango offers the all-new Uconnect 5 system, which is five times faster, is more connected, helpful, content-rich and adds greater personalization, making it the most advanced Uconnect system ever. Highlights include: Uconnect 5 system offers more connected services and features for unmatched ease of use Enables processing speeds five times faster than previous generation using Android operating system Six different user profiles (including valet mode) each user can build their own profile with feature preferences for their home screen, music, comfort settings and vehicle operation Switching between user profiles is simple and can be handled by a single touch Ability to easily swipe between subcategories/screens Ability to connect two phones simultaneously with Bluetooth capability, for users who carry multiple phones or for passenger interaction with the Uconnect system along with the driver With the current Uconnect skill for Alexa, customers with Alexa-enabled devices at home can easily ask Alexa to start the car, lock/unlock doors and more: Uconnect 5 brings Amazon Alexa directly into the vehicle itself, giving occupants the freedom to interact with Alexa just as they do at home or on a personal device Uconnect 5 expands the capabilities of Amazon Alexa virtual assistant for an in-vehicle application With Alexa built-in, occupants can ask Alexa to play music, podcasts and audiobooks; add items to their to-do list; check news, weather, traffic, sports and other real-time information; and access tens of thousands of Alexa skills Responses and streaming audio are delivered through the Durango's audio system, allowing anyone in the entire vehicle to easily interact with Alexa Occupants have the freedom to make verbal requests just as they do at home or on a personal device Easy to personalize home screen allows the user to position high-use functions from their favorite apps together in one simple interface: Personalized content includes quick music controls, comfort settings (temperature, seating position and mirror), vehicle specific features, phone favorites, recent calls, navigation map and more Uconnect 5 system accessible for both novice and expert users alike New connected services for Durango include: TomTom navigation with predictive search and natural speak SiriusXM with 360L offers owners a more personalized listening experience New wireless Apple CarPlay enables iPhone users to access Apple Maps, Messages, phone and Apple Music through Siri Voice control or the Uconnect touchscreen New wireless Android Auto enables easy and safe access to Google voice search, Google Maps and Google Play Music via the Uconnect touchscreen or steering wheel controls Additional connectivity features include Firmware Over The Air (FOTA) software updates to periodically update the Uconnect 5 system for performance and quality improvements. Uconnect 5 also offers a 4G LTE Wi-Fi hotspot.Family entertainment is available through Durango's Blu-ray video rear-seat entertainment system with two high-resolution 9-inch screens, one on each front seat back, available on Durango GT, R/T, Citadel, SRT 392 and SRT Hellcat models. Each screen allows Durango passengers to watch their movies on Blu-ray or standard DVDs or play their gaming systems via inputs for HDMI or RCA cables for each screen integrated into the front seat backs.Distinct Colors and Appearance Packages available across the Durango lineupDodge Durango customers have an array of appearance options from which they can choose. There are 11 exterior colors and a wide variety of interior trim selections.Available Exterior Colors: Billet Silver DB Black Destroyer Grey F8 Green Granite In-Violet Octane Red Reactor Blue Redline Vice White White Knuckle Available Interior Colors: Black Black/Light Frost Black/Radar Red Black/Vitra Grey Black/Ebony Red Black/Demonic Red For a custom look straight from the factory, the Durango offers unique packages, including Blacktop, SRT Black and SRT Platinum.Dual-center exterior stripes, available on Durango GT, R/T, SRT 392 and SRT Hellcat models, are also available covering the front and rear fascias, hood, portions of the roof, spoiler and the tailgate. Stripes are offered in five colors: black with Redline accent tracer, Bright Blue, Flame Red, Gunmetal Low Gloss (metallic finish) and Sterling Silver (metallic finish).Dodge//SRTFor more than 100 years, the Dodge brand has carried on the spirit of brothers John and Horace Dodge. Their influence continues today as Dodge shifts into high gear with muscle cars and SUVs that deliver unrivaled performance in each of the segments where they compete.2021 marks the year that Dodge is distilled into a pure performance brand, offering Hellcat-powered, 700+ horsepower SRT versions of every model across the lineup. For the 2021 model year, Dodge delivers the drag-strip dominating 807-horsepower Dodge Challenger SRT Super Stock, the new 797-horsepower Dodge Charger SRT Redeye, the most powerful and fastest mass-produced sedan in the world, and the new 710-horsepower Dodge Durango SRT Hellcat, the most powerful SUV ever. Combined, these three muscle cars make Dodge the industry's most powerful brand, offering more horsepower than any other American brand across its entire lineup.In June 2020,Dodgewas named the "#1 Brand in Initial Quality," makingitthe first domestic brand everto rank No. 1 in the J.D. Power Initial Quality Study (IQS).Dodge is part of the portfolio of brands offered by global automaker Fiat Chrysler Automobiles. For more information regarding FCA (NYSE: FCAU/ MTA: FCA), please visitwww.fcagroup.com.SOURCE FCA
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edtsum7231
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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: GREENWOOD, Colo. & NEW YORK--(BUSINESS WIRE)--ANANDA Scientific Inc., a biotech pharma company, and NYU Grossman School of Medicine today announced a new clinical trial evaluating the efficacy of cannabidiol in ANANDAs proprietary delivery technology as a treatment for Post-Traumatic Stress Disorder (PTSD) symptoms and Neurocognitive Impairment in patients with PTSD and with PTSD comorbid with traumatic brain injury. An Investigational New Drug (IND) application has been approved by the U.S. Food and Drug Administration (FDA) for this trial utilizing ANANDAs proprietary Liquid Structure CBD. Pre-clinical and initial clinical studies show that ANANDAs Liquid Structure delivery technology (licensed from Lyotropic Delivery Systems (LDS) Ltd., Jerusalem, Israel) enhances the effectiveness and stability of CBD. This innovation creates new potential to facilitate treatment of Neurocognitive Impairment in PTSD patients. We are extremely pleased to work in lockstep with a world-renowned institution to meet the FDAs rigorous standards and advance further applications of ANANDAs patented delivery technology for moving cannabinoids into the bloodstream, said Sohail R. Zaidi, ANANDAs President. This trial is being conducted at NYU Grossman School of Medicine, led by Esther Blessing MD PhD, Assistant Professor of Psychiatry, and Charles R. Marmar, MD, the Lucius N. Littauer Professor and Chair of Psychiatry. Dr. Marmar, leader of the NYU Langone PTSD Research Program, is the primary investigator of several personalized medicine-based clinical trials of innovative treatments for PTSD and its common comorbidities, using cutting-edge biomarker technologies to understand mechanisms underlying treatment effects. ANANDA has a notable track record in providing safe, efficacious and high-quality products, paired with groundbreaking delivery technology, to create opportunities for the development of evidence-based CBD medicinal products, said Dr. Marmar. We look forward to collaborating with ANANDA on this important clinical work. ABOUT ANANDA SCIENTIFIC ANANDA is one of the leading companies pioneering high-caliber clinical studies evaluating therapeutic targets for cannabinoids. ANANDA is a research-focused biotech company that employs patented delivery technologies to make cannabinoids and other plant derived compounds highly bioavailable, water soluble, and shelf-life stable. ANANDA is pursuing human clinical trials for pharmaceutical approval of its patented delivery technology to address therapeutic targets of significant public health importance. Consistent with its strong research-based data, the company also has a growing pipeline of nutraceutical over-the-counter products. The company has successfully launched these products in the US and the UK, with expansion into additional markets such as the EU, China, Australia and Africa planned for the near future. The company is expanding its research base through multiple sponsored research agreements with universities to diversify its technology portfolio.
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ANANDA Scientific and NYU Grossman School of Medicine Announce Clinical Trial Utilizing Liquid Structure Cannabidiol (CBD) for Treatment of Post-Traumatic Stress Disorder (PTSD)
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GREENWOOD, Colo. & NEW YORK--(BUSINESS WIRE)--ANANDA Scientific Inc., a biotech pharma company, and NYU Grossman School of Medicine today announced a new clinical trial evaluating the efficacy of cannabidiol in ANANDAs proprietary delivery technology as a treatment for Post-Traumatic Stress Disorder (PTSD) symptoms and Neurocognitive Impairment in patients with PTSD and with PTSD comorbid with traumatic brain injury. An Investigational New Drug (IND) application has been approved by the U.S. Food and Drug Administration (FDA) for this trial utilizing ANANDAs proprietary Liquid Structure CBD. Pre-clinical and initial clinical studies show that ANANDAs Liquid Structure delivery technology (licensed from Lyotropic Delivery Systems (LDS) Ltd., Jerusalem, Israel) enhances the effectiveness and stability of CBD. This innovation creates new potential to facilitate treatment of Neurocognitive Impairment in PTSD patients. We are extremely pleased to work in lockstep with a world-renowned institution to meet the FDAs rigorous standards and advance further applications of ANANDAs patented delivery technology for moving cannabinoids into the bloodstream, said Sohail R. Zaidi, ANANDAs President. This trial is being conducted at NYU Grossman School of Medicine, led by Esther Blessing MD PhD, Assistant Professor of Psychiatry, and Charles R. Marmar, MD, the Lucius N. Littauer Professor and Chair of Psychiatry. Dr. Marmar, leader of the NYU Langone PTSD Research Program, is the primary investigator of several personalized medicine-based clinical trials of innovative treatments for PTSD and its common comorbidities, using cutting-edge biomarker technologies to understand mechanisms underlying treatment effects. ANANDA has a notable track record in providing safe, efficacious and high-quality products, paired with groundbreaking delivery technology, to create opportunities for the development of evidence-based CBD medicinal products, said Dr. Marmar. We look forward to collaborating with ANANDA on this important clinical work. ABOUT ANANDA SCIENTIFIC ANANDA is one of the leading companies pioneering high-caliber clinical studies evaluating therapeutic targets for cannabinoids. ANANDA is a research-focused biotech company that employs patented delivery technologies to make cannabinoids and other plant derived compounds highly bioavailable, water soluble, and shelf-life stable. ANANDA is pursuing human clinical trials for pharmaceutical approval of its patented delivery technology to address therapeutic targets of significant public health importance. Consistent with its strong research-based data, the company also has a growing pipeline of nutraceutical over-the-counter products. The company has successfully launched these products in the US and the UK, with expansion into additional markets such as the EU, China, Australia and Africa planned for the near future. The company is expanding its research base through multiple sponsored research agreements with universities to diversify its technology portfolio.
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edtsum7233
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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., April 6, 2020 /PRNewswire/ -- Arlington Capital Partners' ("Arlington") portfolio company, AEgis Technologies ("AEgis"), an industry-leading Defense and National Security focused advanced engineering & technology firm serving space superiority, directed energy, missile defense, and Intelligence communities, announces the acquisition of mission-enabling technology provider Excivity, Inc. ("Excivity"). This investment deepens AEgis' Cyber and Intelligence mission area through differentiated products and solutions, expanded customer base, and a consistent commitment to innovation, excellence, and creativity. "Matt, Roger, and the team are a first-class organization. From the capabilities they deliver, the customers they serve, and the culture they have built, and I am excited to welcome them into the family," said Jonathan Moneymaker, AEgis' CEO. "We look forward to accelerating their vision and leveraging the collective expertise across the platform to bring more capability to mission." Founded in 2006 by Matt Ramsey, Excivity creates and deploys mission-enabling technologies, including specialized security applications and situational awareness toolsets for the National Security community. CEO & Founder Matt Ramsey as well as Chief Technology Officer Roger Edmiston will join the AEgis leadership team and continue to manage the Excivity business. "Having founded Excivity and built an all-star team along with Roger, it's a very personal decision to take what we've built, along with our mission focus and customers, and merge the company into a new organization," said Matt Ramsey, Excivity's CEO. "AEgis, Moneymaker, and the Arlington team are such a great mission and cultural fit for what we do they were the natural partner to accelerate us to the next level." The AEgis Technologies platform is Arlington's newest National Security focused investment out of their $1.7B fifth fund. Arlington looks to accelerate AEgis' thesis of "Leading the Transformation of Modern Warfare" through continued inorganic investment while also capitalizing the business to best serve their customers. "AEgis is off to a tremendous start and we anticipate significant additional investment into the platform. Matt and Excivity are a perfect fit and I'm looking forward to what new and exciting advancements the team will be delivering to its expanding customer base next," added David Wodlinger, Partner at Arlington. About the AEgis Technologies Group Inc. The AEgis Technologies Group (AEgis) provides advanced engineering solutions across the space superiority, directed energy, missile defense, electronic warfare & cyber, C4ISR, and intelligence markets. The Company was founded in 1989 and has served its core customer base as a trusted partner for decades focused on solving the Defense and National Security Community's hardest challenges. AEgis is an end-to-end lifecycle partner from R&D, through development, and into operations. We are the trusted provider leading the transformation for tomorrow's multi-model and multi-domain warfare. https://aegistg.com/ About Excivity, Inc. Excivity creates and deploys mission-enabling technologies, including specialized security applications and situational awareness toolsets. They create software and hardware, perform operational assessments and security reviews of technology, advise clients on how to securely implement technology, perform advanced Cyber investigations, and provide unique Cyber Security Training for travelers into high technical threat environments. Excivity makes mission happen by innovating, breaking, building, and teaching. https://excivity.com/ About Arlington Capital Partners Arlington Capital Partners is a Washington, DC-based private equity firm that is currently investing out of Arlington Capital Partners V, L.P., a $1.7 billion fund. The firm has managed approximately $4.0 billion of committed capital via five investment funds. Arlington is focused on middle market investment opportunities in growth industries including government services and technology, aerospace & defense, healthcare, and business services and software. The firm's professionals and network have a unique combination of both operating and private equity experience that enables Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their Company's position as leading competitors in their field. www.arlingtoncap.com SOURCE AEgis Technologies Group Related Links http://www.AEgisTG.com
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AEgis Technologies' Acquisition of Excivity, Inc. to Grow Cyber, Intel Capabilities
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ARLINGTON, Va., April 6, 2020 /PRNewswire/ -- Arlington Capital Partners' ("Arlington") portfolio company, AEgis Technologies ("AEgis"), an industry-leading Defense and National Security focused advanced engineering & technology firm serving space superiority, directed energy, missile defense, and Intelligence communities, announces the acquisition of mission-enabling technology provider Excivity, Inc. ("Excivity"). This investment deepens AEgis' Cyber and Intelligence mission area through differentiated products and solutions, expanded customer base, and a consistent commitment to innovation, excellence, and creativity. "Matt, Roger, and the team are a first-class organization. From the capabilities they deliver, the customers they serve, and the culture they have built, and I am excited to welcome them into the family," said Jonathan Moneymaker, AEgis' CEO. "We look forward to accelerating their vision and leveraging the collective expertise across the platform to bring more capability to mission." Founded in 2006 by Matt Ramsey, Excivity creates and deploys mission-enabling technologies, including specialized security applications and situational awareness toolsets for the National Security community. CEO & Founder Matt Ramsey as well as Chief Technology Officer Roger Edmiston will join the AEgis leadership team and continue to manage the Excivity business. "Having founded Excivity and built an all-star team along with Roger, it's a very personal decision to take what we've built, along with our mission focus and customers, and merge the company into a new organization," said Matt Ramsey, Excivity's CEO. "AEgis, Moneymaker, and the Arlington team are such a great mission and cultural fit for what we do they were the natural partner to accelerate us to the next level." The AEgis Technologies platform is Arlington's newest National Security focused investment out of their $1.7B fifth fund. Arlington looks to accelerate AEgis' thesis of "Leading the Transformation of Modern Warfare" through continued inorganic investment while also capitalizing the business to best serve their customers. "AEgis is off to a tremendous start and we anticipate significant additional investment into the platform. Matt and Excivity are a perfect fit and I'm looking forward to what new and exciting advancements the team will be delivering to its expanding customer base next," added David Wodlinger, Partner at Arlington. About the AEgis Technologies Group Inc. The AEgis Technologies Group (AEgis) provides advanced engineering solutions across the space superiority, directed energy, missile defense, electronic warfare & cyber, C4ISR, and intelligence markets. The Company was founded in 1989 and has served its core customer base as a trusted partner for decades focused on solving the Defense and National Security Community's hardest challenges. AEgis is an end-to-end lifecycle partner from R&D, through development, and into operations. We are the trusted provider leading the transformation for tomorrow's multi-model and multi-domain warfare. https://aegistg.com/ About Excivity, Inc. Excivity creates and deploys mission-enabling technologies, including specialized security applications and situational awareness toolsets. They create software and hardware, perform operational assessments and security reviews of technology, advise clients on how to securely implement technology, perform advanced Cyber investigations, and provide unique Cyber Security Training for travelers into high technical threat environments. Excivity makes mission happen by innovating, breaking, building, and teaching. https://excivity.com/ About Arlington Capital Partners Arlington Capital Partners is a Washington, DC-based private equity firm that is currently investing out of Arlington Capital Partners V, L.P., a $1.7 billion fund. The firm has managed approximately $4.0 billion of committed capital via five investment funds. Arlington is focused on middle market investment opportunities in growth industries including government services and technology, aerospace & defense, healthcare, and business services and software. The firm's professionals and network have a unique combination of both operating and private equity experience that enables Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their Company's position as leading competitors in their field. www.arlingtoncap.com SOURCE AEgis Technologies Group Related Links http://www.AEgisTG.com
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edtsum7237
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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., Feb. 3, 2021 /PRNewswire/ -- Robust third-party connectivity is essential for any modern digital banking platform. However, according to Tracey Miller, SVP/VP of Operations at the 53,000-member Pioneer Federal Credit Union, based in Mountain Home, Idaho, it's just as important to find a provider that embraces that connectivity at a philosophical level. This belief led the credit union to choose Tyfone's nFinia platform for its digital banking needs. Continue Reading Tracey Miller, SVP/VP of Operations, Pioneer FCU "Tyfone had an open-banking approach to technology that would allow us to integrate the products we wanted, but they also seemed more receptive to bringing in those outside integrations," said Miller. "That was definitely a big selling point for us." She added that this will, for example, enable a strong integration with the credit union's video banking system. Miller also stressed that Tyfone is an excellent cultural fit for the credit union. "Tyfone is very much like Pioneer in that they place a high value on building strong relationships," added Miller. "We look for partners we can truly collaborate with and it's clear Tyfone is such a partner. That was also huge for us.""All too often, we see legacy digital banking systems that hold financial institutions back," said Dr. Siva Narendra, Tyfone's CEO. "A modern digital banking platform must propel the financial institution forward by providing maximum flexibility and connectivity to meet that institution's needs today and tomorrow. Successful collaboration happens when the right technology meets the right people. We're confident that our collaboration with Pioneer will be incredibly successful."About Tyfone Inc.Based in Portland, Ore, Tyfone is a leading provider of consumer and commercial digital banking services for community financial institutions throughout the United States. The company understands that an elegant, engaging, intuitive user experience is the minimum requirement for any digital banking provider. What differentiates Tyfone is its unwavering commitment to exceptional collaboration and communication. The company considers each customer a true partner and places the highest value on every relationship. Additional information is available at www.tyfone.com. Contact: John San FilippoPhone: (619) 467-0431Email: [emailprotected]SOURCE Tyfone Inc. Related Links https://tyfone.com/
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Quest for an Open Digital Banking System Leads Pioneer FCU to Tyfone $568M CU Selects Tyfone's Omnichannel nFinia Platform
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PORTLAND, Ore., Feb. 3, 2021 /PRNewswire/ -- Robust third-party connectivity is essential for any modern digital banking platform. However, according to Tracey Miller, SVP/VP of Operations at the 53,000-member Pioneer Federal Credit Union, based in Mountain Home, Idaho, it's just as important to find a provider that embraces that connectivity at a philosophical level. This belief led the credit union to choose Tyfone's nFinia platform for its digital banking needs. Continue Reading Tracey Miller, SVP/VP of Operations, Pioneer FCU "Tyfone had an open-banking approach to technology that would allow us to integrate the products we wanted, but they also seemed more receptive to bringing in those outside integrations," said Miller. "That was definitely a big selling point for us." She added that this will, for example, enable a strong integration with the credit union's video banking system. Miller also stressed that Tyfone is an excellent cultural fit for the credit union. "Tyfone is very much like Pioneer in that they place a high value on building strong relationships," added Miller. "We look for partners we can truly collaborate with and it's clear Tyfone is such a partner. That was also huge for us.""All too often, we see legacy digital banking systems that hold financial institutions back," said Dr. Siva Narendra, Tyfone's CEO. "A modern digital banking platform must propel the financial institution forward by providing maximum flexibility and connectivity to meet that institution's needs today and tomorrow. Successful collaboration happens when the right technology meets the right people. We're confident that our collaboration with Pioneer will be incredibly successful."About Tyfone Inc.Based in Portland, Ore, Tyfone is a leading provider of consumer and commercial digital banking services for community financial institutions throughout the United States. The company understands that an elegant, engaging, intuitive user experience is the minimum requirement for any digital banking provider. What differentiates Tyfone is its unwavering commitment to exceptional collaboration and communication. The company considers each customer a true partner and places the highest value on every relationship. Additional information is available at www.tyfone.com. Contact: John San FilippoPhone: (619) 467-0431Email: [emailprotected]SOURCE Tyfone Inc. Related Links https://tyfone.com/
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edtsum7246
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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: DOTHAN, Ala., Jan. 14, 2021 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across five southeastern states, today announced that it will release its fiscal 2021 first quarter results on February 5, 2021, before the market opens. In conjunction with the earnings release, the Company has scheduled a conference call to discuss its first quarter results the same day at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). The conference call may be accessed by phone or webcast, as follows: By Phone: Dial (412) 902-0003 at least 10 minutes before the call. A replay will be available through February 12, 2021 by dialing (201) 612-7415 and using the conference ID 13714879#. By Webcast: Connect to the webcast via the "Events & Presentations" page of the Company's Investor Relations website at http://ir.constructionpartners.net. Please log in at least 10 minutes before the callto register and download any necessary software. A webcast replay will be available in the same location shortly after the call. About Construction Partners, Inc. Construction Partners, Inc. is a vertically integrated civil infrastructure company operating across five southeastern states, with 48 hot-mix asphalt plants, nine aggregate facilities and one liquid asphalt terminal. Publicly funded projects make up the majority of its business and include local and state roadways, interstate highways, airport runways and bridges. The majority of the Company's public projects are maintenance-related. Private sector projects include paving and sitework for office and industrial parks, shopping centers, local businesses and residential developments. To learn more, visit www.constructionpartners.net. Contact:Rick Black / Ken DennardDennard Lascar Investor Relations[emailprotected](713) 529-6600 SOURCE Construction Partners, Inc. Related Links http://www.constructionpartners.net
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Construction Partners, Inc. Announces Schedule for Fiscal 2021 First Quarter Earnings Release and Conference Call
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DOTHAN, Ala., Jan. 14, 2021 /PRNewswire/ -- Construction Partners, Inc. (NASDAQ: ROAD) (the "Company"), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across five southeastern states, today announced that it will release its fiscal 2021 first quarter results on February 5, 2021, before the market opens. In conjunction with the earnings release, the Company has scheduled a conference call to discuss its first quarter results the same day at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). The conference call may be accessed by phone or webcast, as follows: By Phone: Dial (412) 902-0003 at least 10 minutes before the call. A replay will be available through February 12, 2021 by dialing (201) 612-7415 and using the conference ID 13714879#. By Webcast: Connect to the webcast via the "Events & Presentations" page of the Company's Investor Relations website at http://ir.constructionpartners.net. Please log in at least 10 minutes before the callto register and download any necessary software. A webcast replay will be available in the same location shortly after the call. About Construction Partners, Inc. Construction Partners, Inc. is a vertically integrated civil infrastructure company operating across five southeastern states, with 48 hot-mix asphalt plants, nine aggregate facilities and one liquid asphalt terminal. Publicly funded projects make up the majority of its business and include local and state roadways, interstate highways, airport runways and bridges. The majority of the Company's public projects are maintenance-related. Private sector projects include paving and sitework for office and industrial parks, shopping centers, local businesses and residential developments. To learn more, visit www.constructionpartners.net. Contact:Rick Black / Ken DennardDennard Lascar Investor Relations[emailprotected](713) 529-6600 SOURCE Construction Partners, Inc. Related Links http://www.constructionpartners.net
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edtsum7258
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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, July 28, 2020 /PRNewswire/ --Hagens Berman urges Vaxart, Inc. (NASDAQ: VXRT) investors who have suffered significant losses to submit their losses now. Hagens Berman also encourages persons who may be able to assist the Firm's investigation of possible securities fraud to contact the firm. Relevant Holding Period:Before July 27, 2020Visit:www.hbsslaw.com/investor-fraud/VXRT Contact An Attorney Now:[emailprotected] 844-916-0895 Vaxart, Inc. (VXRT) Investigation: The investigation centers on whether Vaxart misrepresented its inclusion in Operation Warp Speed ("OWS"), a highly selective government program aimed at delivering 300 million doses of a safe, effective vaccine for COVID-19 by January 2021, as part of a broader strategy to accelerate the development, manufacturing, and distribution of COVID-19 vaccines, therapeutics, and diagnostics (collectively known as countermeasures). On June 26, 2020, Vaxart issued a press release entitled, "Vaxart's COVID-19 Selected for the U.S. Government's Operation Warp Speed," claiming its vaccine had been selected to participate in a non-human challenge study, organized and funded by OWS. This announcement sent the price of Vaxart shares rocketing higher. Coincident with this announcement, director Steven Boyd, on behalf of Armistice Capital, sold massive amounts of Vaxart shares. Then, on July 25, 2020, The New York Times published an article clarifying "Vaxart is not among the companies selected to receive significant financial support from Warp Speed." In response to this news, the price of Vaxart shares dropped sharply lower on July 27, 2020. "We're focused on investors' losses and whether Vaxart misled investors about OWS's potential funding support for the company," said Reed Kathrein, the Hagens Berman partner leading the investigation. If you purchased shares of Vaxart and suffered significant losses, click here to discuss your legal rights with Hagens Berman. Whistleblowers: Persons with non-public information regarding Vaxart should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [emailprotected]. About Hagens BermanHagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw. Contact: Reed Kathrein, 844-916-0895 SOURCE Hagens Berman Sobol Shapiro LLP Related Links https://www.hbsslaw.com
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HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Vaxart (VXRT) Investors with Significant Losses and Persons Who May Assist Firm's Investigation of Possible Securities Fraud to Contact Its Attorneys Now
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SAN FRANCISCO, July 28, 2020 /PRNewswire/ --Hagens Berman urges Vaxart, Inc. (NASDAQ: VXRT) investors who have suffered significant losses to submit their losses now. Hagens Berman also encourages persons who may be able to assist the Firm's investigation of possible securities fraud to contact the firm. Relevant Holding Period:Before July 27, 2020Visit:www.hbsslaw.com/investor-fraud/VXRT Contact An Attorney Now:[emailprotected] 844-916-0895 Vaxart, Inc. (VXRT) Investigation: The investigation centers on whether Vaxart misrepresented its inclusion in Operation Warp Speed ("OWS"), a highly selective government program aimed at delivering 300 million doses of a safe, effective vaccine for COVID-19 by January 2021, as part of a broader strategy to accelerate the development, manufacturing, and distribution of COVID-19 vaccines, therapeutics, and diagnostics (collectively known as countermeasures). On June 26, 2020, Vaxart issued a press release entitled, "Vaxart's COVID-19 Selected for the U.S. Government's Operation Warp Speed," claiming its vaccine had been selected to participate in a non-human challenge study, organized and funded by OWS. This announcement sent the price of Vaxart shares rocketing higher. Coincident with this announcement, director Steven Boyd, on behalf of Armistice Capital, sold massive amounts of Vaxart shares. Then, on July 25, 2020, The New York Times published an article clarifying "Vaxart is not among the companies selected to receive significant financial support from Warp Speed." In response to this news, the price of Vaxart shares dropped sharply lower on July 27, 2020. "We're focused on investors' losses and whether Vaxart misled investors about OWS's potential funding support for the company," said Reed Kathrein, the Hagens Berman partner leading the investigation. If you purchased shares of Vaxart and suffered significant losses, click here to discuss your legal rights with Hagens Berman. Whistleblowers: Persons with non-public information regarding Vaxart should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [emailprotected]. About Hagens BermanHagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw. Contact: Reed Kathrein, 844-916-0895 SOURCE Hagens Berman Sobol Shapiro LLP Related Links https://www.hbsslaw.com
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edtsum7259
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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: BROOMFIELD, Colo., Dec. 10, 2020 /PRNewswire/ --Vail Resorts, Inc. (NYSE: MTN) today reported results for the first quarter of fiscal 2021 ended October 31, 2020, which were negatively impacted by COVID-19 related limitations, restrictions and closures, and provided season pass sales results. Highlights Net loss attributable to Vail Resorts, Inc. was $153.8 million for the first fiscal quarter of 2021, a decrease of 44.4% compared to the first fiscal quarter of 2020, primarily as a result of the negative impacts of COVID-19. Resort Reported EBITDA loss was $94.8 million for the first fiscal quarter of 2021, compared to a Resort Reported EBITDA loss of $76.7 million for the first fiscal quarter of 2020, primarily as a result of the negative impacts of COVID-19 and partially offset by disciplined cost management and $15.4 million of lift revenue recognized in the first fiscal quarter of 2021 associated with the expiration of the credit offers to 2019/2020 pass product holders. Season pass sales through December 6, 2020 for the upcoming 2020/2021 North American ski season increased approximately 20% in units and were flat in sales dollars as compared to the period in the prior year through December 8, 2019, with sales dollars for this year reduced by the value of the redeemed credits provided to 2019/2020 North American pass holders. Without deducting for the value of the redeemed credits, sales dollars increased approximately 19% compared to the prior year. Pass sales are adjusted to eliminate the impact of foreign currency by applying an exchange rate of $0.78 between the Canadian dollar and U.S. dollar in both periods for Whistler Blackcomb pass sales. We continue to maintain significant liquidity with $614 million of cash on hand as of November 30, 2020 and $587 million of availability under our U.S. and Whistler Blackcomb revolving credit facilities. Commenting on the Company's fiscal 2021 first quarter results, Rob Katz, Chief Executive Officer, said, "Our first fiscal quarter historically operates at a loss, given that our North American mountain resorts are generally not open for ski season operations during the period. The quarter's results are primarily driven by winter operating results from our Australian resorts and our North American resorts' summer activities, dining, retail/rental and lodging operations, and administrative expenses. Our results for the first quarter continued to be negatively impacted by COVID-19. In Australia, Hotham and Falls Creek remained closed for the entire quarter following the issuance of stay at home orders by the Victorian government on July 8, 2020, resulting in a significant decline in revenue compared to the prior year period. At Perisher, visitation trends improved relative to July 2020 as available terrain increased, but results continued to be negatively impacted by COVID-19 and related capacity constraints. In North America, our U.S. resorts experienced improved demand from leisure travelers throughout the quarter relative to the fourth quarter of fiscal 2020, but summer visitation remained well below historical levels. At Whistler Blackcomb, demand remained significantly below prior year levels due in part to travel restrictions, with the Canadian border remaining closed the entire quarter to international guests, including guests from the U.S. "We continued to maintain disciplined and rigorous cost controls throughout the quarter to partially mitigate the reduced revenue levels. Resort net revenue for the first quarter declined $132.1 million compared to the prior year while Resort Reported EBITDA declined only $18.1 million over the same time period, reflecting cost reductions driven by a combination of reduced seasonal labor and expenses as well as significant overhead cost saving actions. First quarter Resort net revenue includes the recognition of approximately $15.4 million of lift revenue related to the September 17, 2020 expiration of unredeemed credits offered to 2019/2020 North American pass holders (the "Credit Offer"), for which we deferred a total of $120.9 million of revenue from our prior year pass sales and which would have otherwise been recognized during fiscal 2020. We expect to recognize the remainder of the deferred revenue associated with the Credit Offer as lift revenue primarily during the second and third quarters of fiscal 2021." Commenting on the Company's liquidity, Katz stated, "Our total cash and revolver availability as of November 30, 2020 was approximately $1.2 billion, with $614 million of cash on hand, $419 million of U.S. revolver availability under the Vail Holdings Credit Agreement and $169 million of revolver availability under the Whistler Credit Agreement. As of October 31, 2020, our Net Debt was 4.1 times trailing twelve months Total Reported EBITDA. We continue to expect to have sufficient liquidity to fund operations through at least the 2021/2022 ski season, even in the event of extended resort shutdowns." Moving on to season pass results, Katz said, "As we approach the end of our selling period, season pass sales for the North American ski season increased approximately 20% in units and were flat in sales dollars through December 6, 2020 compared to the prior year period ended December 8, 2019, with sales dollars for this year reduced by the value of the redeemed credits provided to 2019/2020 North American pass holders. Without deducting for the value of the redeemed credits, sales dollars increased approximately 19% compared to the prior year. Pass sales results are adjusted to eliminate the impact of foreign currency by applying an exchange rate of $0.78 between the Canadian dollar and U.S. dollar in both periods for Whistler Blackcomb pass sales. Pass sales are reduced by the amount of Epic Coverage refund requests processed through December 6, 2020, but do not include any estimated reductions for future Epic Coverage refunds. "We are very pleased with the growth in our season pass program, particularly given the challenging circumstances surrounding the impacts of COVID-19. We expect that the total number of guests on all advanced purchase passes this year will exceed 1.4 million including all passes for our North American and Australian resorts, demonstrating the significant loyalty of our guest base and the strong demand for our mountain resorts. Since September, pass sales exceeded our expectations primarily driven by continued strong demand from destination guests and significant growth in pass sales to guests who were not previously in our database, particularly in lower frequency Epic Day Pass products." Katz continued, "For the full pass sales season, we saw very strong unit growth broadly across our Destination markets. We also saw solid unit growth in our Utah, Northern California and Whistler markets and in Colorado saw comparable performance to last year. The primary driver of our unit growth was from renewing pass holders given the credit incentive offered for renewing guests, but we also saw strong growth in new pass holders, with particularly strong growth in pass sales to guests who were not previously in our guest database. We saw strong growth in our Epic Pass and Epic Local Pass products and very strong growth in our Epic Day Pass products, demonstrating both the guest loyalty we have created in our core programs and the success of our long-term strategy to move new and less frequent guests into our pass products. While we expect that some of our Epic Day Pass growth may be a result of the circumstances surrounding this season, we also believe that the growth from new guests into our pass products this year will accelerate our ability to move guests into advanced commitment in the future. The success of our total program this year has been supported by the value proposition of our pass products and the steps taken to address the current environment, including our pass holder credits, extended deadlines, reservation system, new Epic Coverage program included with the purchase of every pass product for no additional charge, continued data-driven marketing efforts, inclusion of Peak Resorts in our network, and a second year offering our broader Epic Day Pass products." Katz continued, "The safety of our guests, employees and communities continues to be our top priority. As previously mentioned, we implemented operating procedures that we believe will enable us to operate safely across our 34 North American ski resorts throughout the season, including the implementation of a reservation system for our guests. Currently, the reservation system, which opened to pass holders on November 6, 2020 and lift ticket purchasers on December 8, 2020, continues to have available capacity for almost all days during the core season across our resorts. The reservation systems and our contingency planning around our operations has positioned us to react quickly to the changing circumstances surrounding COVID-19 restrictions across our resort jurisdictions, which we expect will continue throughout the season." Operating Results A more complete discussion of our operating results can be found within the Management's Discussion and Analysis of Financial Condition and Results of Operations section of the Company's Form 10-Q for the first fiscal quarter ended October 31, 2020, which was filed today with the Securities and Exchange Commission. The following are segment highlights: Mountain Segment Mountain segment net revenue decreased $86.1 million, or 47.6%, to $94.7 million for the three months ended October 31, 2020 as compared to the same period in the prior year, which was negatively impacted by COVID-19 related limitations, restrictions and closures for our North American summer operations and at our Australian ski areas, partially offset by $15.4 million of lift revenue associated with the expiration of the Credit Offer. Mountain Reported EBITDA loss was $87.4 million for the three months ended October 31, 2020, which represents an incremental loss of $7.4 million, or 9.3%, as compared to the Mountain Reported EBITDA loss for the same period in the prior year, and was negatively impacted by COVID-19 related limitations and incremental Peak Resorts operating losses for the respective period it was not owned in the prior year, partially offset by disciplined cost management and $15.4 million of lift revenue associated with the expiration of the Credit Offer. Lodging Segment Lodging segment net revenue (excluding payroll cost reimbursements) decreased $44.0 million, or 55.2%, to $35.6 million for the three months ended October 31, 2020 as compared to the same period in the prior year, primarily due to the operational restrictions and limitations of our North American lodging properties as a result of COVID-19. Lodging Reported EBITDA loss was $7.4 million for the three months ended October 31, 2020, which represents a decrease of $10.7 million, as compared to the same period in the prior year, primarily due to the operational restrictions and limitations of our North American lodging properties as a result of COVID-19. Resort - Combination of Mountain and Lodging Segments Resort net revenue was $131.5 million for the three months ended October 31, 2020, a decrease of $132.1 million as compared to resort net revenue of $263.6 million for the same period in the prior year. Resort Reported EBITDA loss was $94.8 million for the three months ended October 31, 2020, which included $0.3 million of acquisition and integration related expenses; estimated incremental off-season losses of $6.3 million from Peak Resorts for the respective period it was not owned in the prior year; and approximately $2 million of favorability from currency translation, which the Company calculated on a constant currency basis by applying current period foreign exchange rates to the prior period results. In the same period in the prior year, Resort Reported EBITDA loss was $76.7 million, which included $9.0 million of acquisition and integration related expenses. Total Performance Total net revenue decreased $136.0 million, or 50.8%, to $131.8 million for the three months ended October 31, 2020 as compared to the same period in the prior year. Net loss attributable to Vail Resorts, Inc. was $153.8 million, or a loss of $3.82 per diluted share, for the first quarter of fiscal 2021 compared to a net loss attributable to Vail Resorts, Inc. of $106.5 million, or a loss of $2.64 per diluted share, in the prior year. Fiscal 2021 first quarter net loss included the after-tax effect of estimated incremental off-season losses of approximately $9.5 million from Peak Resorts for the respective period it was not owned in the prior year, and approximately $2 million of favorability from currency translation, which the Company calculated on a constant currency basis by applying current period foreign exchange rates to the prior period results. Fiscal 2020 first quarter net loss included the after-tax effect of acquisition and integration related expenses of approximately $6.8 million. Capital Investments Commenting on the Company's capital investments for calendar year 2021, Katz said, "We remain committed to reinvesting in our resorts, creating an experience of a lifetime for our guests and generating strong returns for our shareholders. We plan to maintain a disciplined approach to capital investments, keeping our core capital at reduced levels given the continued uncertainty due to COVID-19. We will announce our complete capital plan for calendar year 2021 in March 2021, but we are pleased to highlight several signature investments planned for the 2021/2022 North American ski season, which were previously deferred from calendar year 2020 as a result of COVID-19 and are subject to regulatory approvals. "In Colorado, we plan to move forward with the 250-acre lift-served terrain expansion in the McCoy Park area of Beaver Creek. The new lift accessed beginner and intermediate bowl experience is a rare opportunity to expand with highly accessible terrain in one of the most idyllic settings in Colorado and will further differentiate the high-end, family focused experience at Beaver Creek. "At Breckenridge, we plan to install a new four-person high speed lift to serve the popular Peak 7. This additional lift will further enhance the guest experience at the most visited resort in the U.S. and will significantly increase guest access and circulation for the intermediate terrain on Peaks 6 and 7. At Keystone, we plan to replace the four-person Peru lift with a six-person high speed chairlift in order to increase capacity out of a key base area of the resort and improve guest access, circulation and experience at one of the top performing resorts in the U.S. "At Crested Butte, we plan to replace the two-person fixed-grip Peachtree chairlift with a new three-person fixed-grip lift that services beginner terrain at the base of the resort and will improve uplift capacity. Additionally, we plan to improve the grading of the terrain serviced by the Peachtree lift to create a more consistent experience for our beginner and ski school guests. "At Okemo, we plan to complete a transformational investment including upgrading the Quantum lift from a four-person to a six-person high speed chairlift, relocating the existing four-person Quantum lift to replace the Green Ridge three-person fixed-grip chairlift. These investments will greatly improve uplift capacity, further enhance the guest experience and complete our $35 million capital plan for Triple Peaks. "We will also continue to invest in company-wide technology enhancements to support our data driven approach and corporate infrastructure which improve our scalability and efficiency as we work to optimize our processes, business analytics and cost discipline across the network. In particular, we intend to invest in a number of upgrades to the infrastructure of our guest contact centers and bring a best-in-class approach to how we service our guests through these channels. Our call centers and chat functionality were not well suited to handle the more than fourfold increase in call and chat volume we saw over the past six months, which created a challenging experience for our guests. We will also continue to invest in ongoing maintenance capital to support our infrastructure across our resorts. "We plan to spend approximately $4 million on integration activities, primarily related to Peak Resorts. "We expect our capital plan for calendar 2021 will be approximately $110 million to $115 million, excluding one-time items associated with integrations and $11 million of reimbursable investments. Including these one-time items, we expect our total capital plan will be approximately $125 million to $130 million. We will continue evaluating our calendar year 2021 capital plan as the season progresses including potential opportunities to increase the planned level of investments and will be providing further detail and updates in March 2021." Outlook Commenting on the Company's outlook for the 2020/2021 North American ski season, Katz said, "Given the uncertainty COVID-19 has created for travel demand, operating restrictions and the ultimate visitation to and spending at our resorts, the Company will not be providing full year guidance for fiscal 2021 at this time. That said, we are very pleased with the results of our season pass sales and the strong foundation of visitation and revenue that creates heading into the season. Given the challenging dynamics associated with COVID-19, we continue to expect material declines in visitation to our resorts and associated revenue declines in fiscal 2021 relative to our original expectations for fiscal 2020, primarily as a result of expected declines in visitation from non-pass, lift ticket purchases due to reduced destination visitation, with more material declines specifically among international guests. While we expect that mandated capacity limitations will have a negative impact on our visitation during peak periods, we expect the primary driver of visitation declines for the North American ski season to be a result of reduced travel demand. We expect additional negative impacts to visitation in select regions where heightened restrictions exist, including Whistler Blackcomb, given Canadian border closures and domestic travel guidance, and Vermont as a result of the quarantine policy for out-of-state travelers. We also expect significant negative financial impacts on our ancillary lines of business, materially in excess of the decline in visitation, as a result of significant COVID-19 limitations and restrictions, particularly in food and beverage and ski school. In food and beverage, we have recently reduced capacity at our restaurants and have limited many of our on-mountain restaurants to grab-and-go options. In ski school, we have reduced group sizes and at many resorts eliminated full day and other select lesson types in response to COVID-19 limitations and restrictions. "Since the start of COVID-19, disciplined cost management has been a primary focus, with significant actions taken to date to tightly manage our costs with reduced revenue expectations. We have implemented operating plans that actively manage our expenses, while maintaining a high-quality experience for our guests, and we remain confident in our ability to deliver against the cost structure variability previously outlined in our September 2020 earnings release." Earnings Conference Call The Company will conduct a conference call today at 5:00 p.m. eastern time to discuss the financial results. The call will be webcast and can be accessed at www.vailresorts.com in the Investor Relations section, or dial (800) 367-2403 (U.S. and Canada) or (334) 777-6978 (international). A replay of the conference call will be available two hours following the conclusion of the conference call through December 24, 2020, at 8:00 p.m. eastern time. To access the replay, dial (888) 203-1112 (U.S. and Canada) or (719) 457-0820 (international), pass code 2470991. The conference call will also be archived at www.vailresorts.com. About Vail Resorts, Inc. (NYSE: MTN) Vail Resorts, Inc., through its subsidiaries, is the leading global mountain resort operator. Vail Resorts' subsidiaries operate 37 destination mountain resorts and regional ski areas, including Vail, Beaver Creek, Breckenridge, Keystone and Crested Butte in Colorado; Park City in Utah; Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in British Columbia, Canada; Perisher, Falls Creek and Hotham in Australia; Stowe, Mount Snow, and Okemo in Vermont; Hunter Mountain in New York; Mount Sunapee, Attitash, Wildcat and Crotched in New Hampshire; Stevens Pass in Washington; Liberty, Roundtop, Whitetail, Jack Frost and Big Boulder in Pennsylvania; Alpine Valley, Boston Mills, Brandywine and Mad River in Ohio; Hidden Valley and Snow Creek in Missouri; Wilmot in Wisconsin; Afton Alps in Minnesota; Mt. Brighton in Michigan; and Paoli Peaks in Indiana. Vail Resorts owns and/or manages a collection of casually elegant hotels under the RockResorts brand, as well as the Grand Teton Lodge Company in Jackson Hole, Wyoming. Vail Resorts Development Company is the real estate planning and development subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held company traded on the New York Stock Exchange (NYSE: MTN). The Vail Resorts company website is www.vailresorts.com and consumer website is www.snow.com. Forward-Looking Statements Certain statements discussed in this press release and on the conference call, other than statements of historical information, are forward-looking statements within the meaning of the federal securities laws, including our expectations regarding our future liquidity; the effects of the COVID-19 pandemic on, among other things, our operations and the travel patterns of our current and potential customers; sales patterns and expectations related to our season pass products; our expectations regarding visitation for the 2020/2021 ski season; our planned capital expenditures for calendar year 2021; and our expectations regarding our ancillary lines of business. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include but are not limited to the ultimate duration of COVID-19 and its short-term and long-term impacts on consumer behaviors, the economy generally and our business and results of operations, including the ultimate amount of refunds that we would be required to refund to our pass product holders for qualifying circumstances under our recently launched Epic Coverage program; prolonged weakness in general economic conditions, including adverse effects on the overall travel and leisure related industries; willingness or ability of our guests to travel due to terrorism, the uncertainty of military conflicts or outbreaks of contagious diseases (such as the current outbreak of COVID-19), and the cost and availability of travel options and changing consumer preferences; unfavorable weather conditions or the impact of natural disasters; risks related to our reliance on information technology, including our failure to maintain the integrity of our customer or employee data and our ability to adapt to technological developments or industry trends; risks related to cyber-attacks; the seasonality of our business combined with adverse events that occur during our peak operating periods; competition in our mountain and lodging businesses; high fixed cost structure of our business; our ability to fund resort capital expenditures; risks related to a disruption in our water supply that would impact our snowmaking capabilities and operations; our reliance on government permits or approvals for our use of public land or to make operational and capital improvements; risks associated with obtaining governmental or third party approvals; risks related to federal, state, local and foreign government laws, rules and regulations; risks related to changes in security and privacy laws and regulations which could increase our operating costs and adversely affect our ability to market our products and services effectively; risks related to our workforce, including increased labor costs; loss of key personnel and our ability to hire and retain a sufficient seasonal workforce; adverse consequences of current or future legal claims; a deterioration in the quality or reputation of our brands, including our ability to protect our intellectual property and the risk of accidents at our mountain resorts; our ability to successfully integrate acquired businesses, or that acquired businesses may fail to perform in accordance with expectations, including Falls Creek, Hotham, Peak Resorts or future acquisitions; our ability to satisfy the requirements of Section 404 of the Sarbanes-Oxley Act of 2002, with respect to acquired businesses; risks associated with international operations; fluctuations in foreign currency exchange rates where the Company has foreign currency exposure, primarily the Canadian and Australian dollars; changes in accounting judgments and estimates, accounting principles, policies or guidelines or adverse determinations by taxing authorities as well as risks associated with uncertainty of the impact of tax reform legislation in the United States; risks related to our indebtedness and our ability to satisfy our debt service requirements under our outstanding debt including our unsecured senior notes, which could reduce our ability to use our cash flow to fund our operations, capital expenditures, future business opportunities and other purposes; a materially adverse change in our financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission, including the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended July 31, 2020, which was filed on September 24, 2020. All forward-looking statements attributable to us or any persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. All guidance and forward-looking statements in this press release are made as of the date hereof and we do not undertake any obligation to update any forecast or forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by law. Statement Concerning Non-GAAP Financial Measures When reporting financial results, we use the terms Resort Reported EBITDA, Total Reported EBITDA, Resort EBITDA Margin, Net Debt and Net Real Estate Cash Flow, which are not financial measures under accounting principles generally accepted in the United States of America ("GAAP"). Resort Reported EBITDA, Total Reported EBITDA, Net Debt and Net Real Estate Cash Flow should not be considered in isolation or as an alternative to, or substitute for, measures of financial performance or liquidity prepared in accordance with GAAP. In addition, we report segment Reported EBITDA (i.e. Mountain, Lodging and Real Estate), the measure of segment profit or loss required to be disclosed in accordance with GAAP. Accordingly, these measures may not be comparable to similarly-titled measures of other companies. Additionally, with respect to discussion of impacts from currency, the Company calculates the impact by applying current period foreign exchange rates to the prior period results, as the Company believes that comparing financial information using comparable foreign exchange rates is a more objective and useful measure of changes in operating performance. Reported EBITDA (and its counterpart for each of our segments) has been presented herein as a measure of the Company's performance. The Company believes that Reported EBITDA is an indicative measurement of the Company's operating performance, and is similar to performance metrics generally used by investors to evaluate other companies in the resort and lodging industries. The Company believes that Net Debt is an important measurement of liquidity as it is an indicator of the Company's ability to obtain additional capital resources for its future cash needs. Additionally, the Company believes Net Real Estate Cash Flow is important as a cash flow indicator for its Real Estate segment. See the tables provided in this release for reconciliations of our measures of segment profitability and non-GAAP financial measures to the most directly comparable GAAP financial measures. Vail Resorts, Inc. Consolidated Condensed Statements of Operations (In thousands, except per share amounts) (Unaudited) Three Months EndedOctober 31, 2020 2019 Net revenue: Mountain and Lodging services and other $ 104,274 $ 180,031 Mountain and Lodging retail and dining 27,258 83,559 Resort net revenue 131,532 263,590 Real Estate 254 4,180 Total net revenue 131,786 267,770 Segment operating expense: Mountain and Lodging operating expense 154,137 228,710 Mountain and Lodging retail and dining cost of products sold 17,132 37,735 General and administrative 59,029 75,055 Resort operating expense 230,298 341,500 Real Estate operating expense 1,450 5,293 Total segment operating expense 231,748 346,793 Other operating (expense) income: Depreciation and amortization (62,628) (57,845) Gain on sale of real property 207 Change in estimated fair value of contingent consideration (802) (1,136) (Loss) gain on disposal of fixed assets and other, net (569) 2,267 Loss from operations (163,961) (135,530) Mountain equity investment income, net 3,986 1,191 Investment income and other, net 343 277 Foreign currency gain on intercompany loans 540 360 Interest expense, net (35,407) (22,690) Loss before benefit from income taxes (194,499) (156,392) Benefit from income taxes 37,478 46,563 Net loss (157,021) (109,829) Net loss attributable to noncontrolling interests 3,255 3,354 Net loss attributable to Vail Resorts, Inc. $ (153,766) $ (106,475) Per share amounts: Basic net loss per share attributable to Vail Resorts, Inc. $ (3.82) $ (2.64) Diluted net loss per share attributable to Vail Resorts, Inc. $ (3.82) $ (2.64) Cash dividends declared per share $ $ 1.76 Weighted average shares outstanding: Basic 40,248 40,342 Diluted 40,248 40,342 Vail Resorts, Inc. Consolidated Condensed Statements of Operations - Other Data (In thousands) (Unaudited) Three Months EndedOctober 31, 2020 2019 Other Data: Mountain Reported EBITDA $ (87,392) $ (79,985) Lodging Reported EBITDA (7,388) 3,266 Resort Reported EBITDA (94,780) (76,719) Real Estate Reported EBITDA (1,196) (906) Total Reported EBITDA $ (95,976) $ (77,625) Mountain stock-based compensation $ 4,801 $ 4,353 Lodging stock-based compensation 891 847 Resort stock-based compensation 5,692 5,200 Real Estate stock-based compensation 62 51 Total stock-based compensation $ 5,754 $ 5,251 Vail Resorts, Inc. Mountain Segment Operating Results (In thousands, except ETP) (Unaudited) Three Months EndedOctober 31, Percentage Increase 2020 2019 (Decrease) Net Mountain revenue: Lift $ 33,091 $ 41,829 (20.9) % Ski school 2,044 8,534 (76.0) % Dining 3,068 21,629 (85.8) % Retail/rental 22,306 47,915 (53.4) % Other 34,205 60,925 (43.9) % Total Mountain net revenue 94,714 180,832 (47.6) % Mountain operating expense: Labor and labor-related benefits 65,298 91,475 (28.6) % Retail cost of sales 12,626 23,279 (45.8) % General and administrative 49,955 64,669 (22.8) % Other 58,213 82,585 (29.5) % Total Mountain operating expense 186,092 262,008 (29.0) % Mountain equity investment income, net 3,986 1,191 234.7 % Mountain Reported EBITDA $ (87,392) $ (79,985) (9.3) % Total skier visits 287 934 (69.3) % ETP $ 115.30 $ 44.78 157.5 % Vail Resorts, Inc. Lodging Operating Results (In thousands, except Average Daily Rate ("ADR") and Revenue per Available Room ("RevPAR")) (Unaudited) Three Months EndedOctober 31, Percentage Increase 2020 2019 (Decrease) Lodging net revenue: Owned hotel rooms $ 7,365 $ 19,946 (63.1) % Managed condominium rooms 9,329 14,740 (36.7) % Dining 1,093 18,143 (94.0) % Transportation 2,351 (100.0) % Golf 8,454 10,221 (17.3) % Other 9,374 14,166 (33.8) % 35,615 79,567 (55.2) % Payroll cost reimbursements 1,203 3,191 (62.3) % Total Lodging net revenue 36,818 82,758 (55.5) % Lodging operating expense: Labor and labor-related benefits 19,977 37,615 (46.9) % General and administrative 9,074 10,386 (12.6) % Other 13,952 28,300 (50.7) % 43,003 76,301 (43.6) % Reimbursed payroll costs 1,203 3,191 (62.3) % Total Lodging operating expense 44,206 79,492 (44.4) % Lodging Reported EBITDA $ (7,388) $ 3,266 (326.2) % Owned hotel statistics: ADR $ 204.44 $ 238.49 (14.3) % RevPAR $ 57.33 $ 163.61 (65.0) % Managed condominium statistics: ADR $ 232.11 $ 189.22 22.7 % RevPAR $ 29.32 $ 52.83 (44.5) % Owned hotel and managed condominium statistics (combined): ADR $ 224.59 $ 210.60 6.6 % RevPAR $ 35.00 $ 79.18 (55.8) % Key Balance Sheet Data (In thousands) (Unaudited) As of October 31, 2020 2019 Real estate held for sale and investment $ 96,668 $ 96,938 Total Vail Resorts, Inc. stockholders' equity $ 1,166,120 $ 1,302,488 Long-term debt, net $ 2,387,861 $ 2,005,057 Long-term debt due within one year 63,707 63,807 Total debt 2,451,568 2,068,864 Less: cash and cash equivalents 462,212 136,326 Net debt $ 1,989,356 $ 1,932,538 Reconciliation of Measures of Segment Profitability and Non-GAAP Financial Measures Presented below is a reconciliation of net loss attributable to Vail Resorts, Inc. to Total Reported EBITDA for the three months ended October 31, 2020 and 2019. (Inthousands)(Unaudited) Three Months Ended October 31, 2020 2019 Net loss attributable to Vail Resorts, Inc. $ (153,766) $ (106,475) Net loss attributable to noncontrolling interests (3,255) (3,354) Net loss (157,021) (109,829) Benefit from income taxes (37,478) (46,563) Loss before benefit from income taxes (194,499) (156,392) Depreciation and amortization 62,628 57,845 Loss (gain) on disposal of fixed assets and other, net 569 (2,267) Change in fair value of contingent consideration 802 1,136 Investment income and other, net (343) (277) Foreign currency gain on intercompany loans (540) (360) Interest expense, net 35,407 22,690 Total Reported EBITDA $ (95,976) $ (77,625) Mountain Reported EBITDA $ (87,392) $ (79,985) Lodging Reported EBITDA (7,388) 3,266 Resort Reported EBITDA* (94,780) (76,719) Real Estate Reported EBITDA (1,196) (906) Total Reported EBITDA $ (95,976) $ (77,625) * Resort represents the sum of Mountain and Lodging Presented below is a reconciliation of net income attributable to Vail Resorts, Inc. to Total Reported EBITDA calculated in accordance with GAAP for the twelve months ended October 31, 2020. (Inthousands)(Unaudited) Twelve Months Ended October 31, 2020 Net income attributable to Vail Resorts, Inc. $ 51,542 Net income attributable to noncontrolling interests 10,321 Net income 61,863 Provision for income taxes 16,463 Income before provision for income taxes 78,326 Depreciation and amortization 254,355 Loss on disposal of fixed assets and other, net 1,998 Asset impairments 28,372 Change in fair value of contingent consideration (3,298) Investment income and other, net (1,371) Foreign currency loss on intercompany loans 3,050 Interest expense, net 119,438 Total Reported EBITDA $ 480,870 Mountain Reported EBITDA $ 492,673 Lodging Reported EBITDA (7,385) Resort Reported EBITDA* 485,288 Real Estate Reported EBITDA (4,418) Total Reported EBITDA $ 480,870 * Resort represents the sum of Mountain and Lodging The following table reconciles long-term debt, net to Net Debt and the calculation of Net Debt to Total Reported EBITDA for the twelve months ended October 31, 2020. In thousands)(Unaudited) (As of October 31, 2020) Long-term debt, net $ 2,387,861 Long-term debt due within one year 63,707 Total debt 2,451,568 Less: cash and cash equivalents 462,212 Net debt $ 1,989,356 Net debt to Total Reported EBITDA 4.1x SOURCE Vail Resorts, Inc.
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Vail Resorts Reports Fiscal 2021 First Quarter and Season Pass Results
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BROOMFIELD, Colo., Dec. 10, 2020 /PRNewswire/ --Vail Resorts, Inc. (NYSE: MTN) today reported results for the first quarter of fiscal 2021 ended October 31, 2020, which were negatively impacted by COVID-19 related limitations, restrictions and closures, and provided season pass sales results. Highlights Net loss attributable to Vail Resorts, Inc. was $153.8 million for the first fiscal quarter of 2021, a decrease of 44.4% compared to the first fiscal quarter of 2020, primarily as a result of the negative impacts of COVID-19. Resort Reported EBITDA loss was $94.8 million for the first fiscal quarter of 2021, compared to a Resort Reported EBITDA loss of $76.7 million for the first fiscal quarter of 2020, primarily as a result of the negative impacts of COVID-19 and partially offset by disciplined cost management and $15.4 million of lift revenue recognized in the first fiscal quarter of 2021 associated with the expiration of the credit offers to 2019/2020 pass product holders. Season pass sales through December 6, 2020 for the upcoming 2020/2021 North American ski season increased approximately 20% in units and were flat in sales dollars as compared to the period in the prior year through December 8, 2019, with sales dollars for this year reduced by the value of the redeemed credits provided to 2019/2020 North American pass holders. Without deducting for the value of the redeemed credits, sales dollars increased approximately 19% compared to the prior year. Pass sales are adjusted to eliminate the impact of foreign currency by applying an exchange rate of $0.78 between the Canadian dollar and U.S. dollar in both periods for Whistler Blackcomb pass sales. We continue to maintain significant liquidity with $614 million of cash on hand as of November 30, 2020 and $587 million of availability under our U.S. and Whistler Blackcomb revolving credit facilities. Commenting on the Company's fiscal 2021 first quarter results, Rob Katz, Chief Executive Officer, said, "Our first fiscal quarter historically operates at a loss, given that our North American mountain resorts are generally not open for ski season operations during the period. The quarter's results are primarily driven by winter operating results from our Australian resorts and our North American resorts' summer activities, dining, retail/rental and lodging operations, and administrative expenses. Our results for the first quarter continued to be negatively impacted by COVID-19. In Australia, Hotham and Falls Creek remained closed for the entire quarter following the issuance of stay at home orders by the Victorian government on July 8, 2020, resulting in a significant decline in revenue compared to the prior year period. At Perisher, visitation trends improved relative to July 2020 as available terrain increased, but results continued to be negatively impacted by COVID-19 and related capacity constraints. In North America, our U.S. resorts experienced improved demand from leisure travelers throughout the quarter relative to the fourth quarter of fiscal 2020, but summer visitation remained well below historical levels. At Whistler Blackcomb, demand remained significantly below prior year levels due in part to travel restrictions, with the Canadian border remaining closed the entire quarter to international guests, including guests from the U.S. "We continued to maintain disciplined and rigorous cost controls throughout the quarter to partially mitigate the reduced revenue levels. Resort net revenue for the first quarter declined $132.1 million compared to the prior year while Resort Reported EBITDA declined only $18.1 million over the same time period, reflecting cost reductions driven by a combination of reduced seasonal labor and expenses as well as significant overhead cost saving actions. First quarter Resort net revenue includes the recognition of approximately $15.4 million of lift revenue related to the September 17, 2020 expiration of unredeemed credits offered to 2019/2020 North American pass holders (the "Credit Offer"), for which we deferred a total of $120.9 million of revenue from our prior year pass sales and which would have otherwise been recognized during fiscal 2020. We expect to recognize the remainder of the deferred revenue associated with the Credit Offer as lift revenue primarily during the second and third quarters of fiscal 2021." Commenting on the Company's liquidity, Katz stated, "Our total cash and revolver availability as of November 30, 2020 was approximately $1.2 billion, with $614 million of cash on hand, $419 million of U.S. revolver availability under the Vail Holdings Credit Agreement and $169 million of revolver availability under the Whistler Credit Agreement. As of October 31, 2020, our Net Debt was 4.1 times trailing twelve months Total Reported EBITDA. We continue to expect to have sufficient liquidity to fund operations through at least the 2021/2022 ski season, even in the event of extended resort shutdowns." Moving on to season pass results, Katz said, "As we approach the end of our selling period, season pass sales for the North American ski season increased approximately 20% in units and were flat in sales dollars through December 6, 2020 compared to the prior year period ended December 8, 2019, with sales dollars for this year reduced by the value of the redeemed credits provided to 2019/2020 North American pass holders. Without deducting for the value of the redeemed credits, sales dollars increased approximately 19% compared to the prior year. Pass sales results are adjusted to eliminate the impact of foreign currency by applying an exchange rate of $0.78 between the Canadian dollar and U.S. dollar in both periods for Whistler Blackcomb pass sales. Pass sales are reduced by the amount of Epic Coverage refund requests processed through December 6, 2020, but do not include any estimated reductions for future Epic Coverage refunds. "We are very pleased with the growth in our season pass program, particularly given the challenging circumstances surrounding the impacts of COVID-19. We expect that the total number of guests on all advanced purchase passes this year will exceed 1.4 million including all passes for our North American and Australian resorts, demonstrating the significant loyalty of our guest base and the strong demand for our mountain resorts. Since September, pass sales exceeded our expectations primarily driven by continued strong demand from destination guests and significant growth in pass sales to guests who were not previously in our database, particularly in lower frequency Epic Day Pass products." Katz continued, "For the full pass sales season, we saw very strong unit growth broadly across our Destination markets. We also saw solid unit growth in our Utah, Northern California and Whistler markets and in Colorado saw comparable performance to last year. The primary driver of our unit growth was from renewing pass holders given the credit incentive offered for renewing guests, but we also saw strong growth in new pass holders, with particularly strong growth in pass sales to guests who were not previously in our guest database. We saw strong growth in our Epic Pass and Epic Local Pass products and very strong growth in our Epic Day Pass products, demonstrating both the guest loyalty we have created in our core programs and the success of our long-term strategy to move new and less frequent guests into our pass products. While we expect that some of our Epic Day Pass growth may be a result of the circumstances surrounding this season, we also believe that the growth from new guests into our pass products this year will accelerate our ability to move guests into advanced commitment in the future. The success of our total program this year has been supported by the value proposition of our pass products and the steps taken to address the current environment, including our pass holder credits, extended deadlines, reservation system, new Epic Coverage program included with the purchase of every pass product for no additional charge, continued data-driven marketing efforts, inclusion of Peak Resorts in our network, and a second year offering our broader Epic Day Pass products." Katz continued, "The safety of our guests, employees and communities continues to be our top priority. As previously mentioned, we implemented operating procedures that we believe will enable us to operate safely across our 34 North American ski resorts throughout the season, including the implementation of a reservation system for our guests. Currently, the reservation system, which opened to pass holders on November 6, 2020 and lift ticket purchasers on December 8, 2020, continues to have available capacity for almost all days during the core season across our resorts. The reservation systems and our contingency planning around our operations has positioned us to react quickly to the changing circumstances surrounding COVID-19 restrictions across our resort jurisdictions, which we expect will continue throughout the season." Operating Results A more complete discussion of our operating results can be found within the Management's Discussion and Analysis of Financial Condition and Results of Operations section of the Company's Form 10-Q for the first fiscal quarter ended October 31, 2020, which was filed today with the Securities and Exchange Commission. The following are segment highlights: Mountain Segment Mountain segment net revenue decreased $86.1 million, or 47.6%, to $94.7 million for the three months ended October 31, 2020 as compared to the same period in the prior year, which was negatively impacted by COVID-19 related limitations, restrictions and closures for our North American summer operations and at our Australian ski areas, partially offset by $15.4 million of lift revenue associated with the expiration of the Credit Offer. Mountain Reported EBITDA loss was $87.4 million for the three months ended October 31, 2020, which represents an incremental loss of $7.4 million, or 9.3%, as compared to the Mountain Reported EBITDA loss for the same period in the prior year, and was negatively impacted by COVID-19 related limitations and incremental Peak Resorts operating losses for the respective period it was not owned in the prior year, partially offset by disciplined cost management and $15.4 million of lift revenue associated with the expiration of the Credit Offer. Lodging Segment Lodging segment net revenue (excluding payroll cost reimbursements) decreased $44.0 million, or 55.2%, to $35.6 million for the three months ended October 31, 2020 as compared to the same period in the prior year, primarily due to the operational restrictions and limitations of our North American lodging properties as a result of COVID-19. Lodging Reported EBITDA loss was $7.4 million for the three months ended October 31, 2020, which represents a decrease of $10.7 million, as compared to the same period in the prior year, primarily due to the operational restrictions and limitations of our North American lodging properties as a result of COVID-19. Resort - Combination of Mountain and Lodging Segments Resort net revenue was $131.5 million for the three months ended October 31, 2020, a decrease of $132.1 million as compared to resort net revenue of $263.6 million for the same period in the prior year. Resort Reported EBITDA loss was $94.8 million for the three months ended October 31, 2020, which included $0.3 million of acquisition and integration related expenses; estimated incremental off-season losses of $6.3 million from Peak Resorts for the respective period it was not owned in the prior year; and approximately $2 million of favorability from currency translation, which the Company calculated on a constant currency basis by applying current period foreign exchange rates to the prior period results. In the same period in the prior year, Resort Reported EBITDA loss was $76.7 million, which included $9.0 million of acquisition and integration related expenses. Total Performance Total net revenue decreased $136.0 million, or 50.8%, to $131.8 million for the three months ended October 31, 2020 as compared to the same period in the prior year. Net loss attributable to Vail Resorts, Inc. was $153.8 million, or a loss of $3.82 per diluted share, for the first quarter of fiscal 2021 compared to a net loss attributable to Vail Resorts, Inc. of $106.5 million, or a loss of $2.64 per diluted share, in the prior year. Fiscal 2021 first quarter net loss included the after-tax effect of estimated incremental off-season losses of approximately $9.5 million from Peak Resorts for the respective period it was not owned in the prior year, and approximately $2 million of favorability from currency translation, which the Company calculated on a constant currency basis by applying current period foreign exchange rates to the prior period results. Fiscal 2020 first quarter net loss included the after-tax effect of acquisition and integration related expenses of approximately $6.8 million. Capital Investments Commenting on the Company's capital investments for calendar year 2021, Katz said, "We remain committed to reinvesting in our resorts, creating an experience of a lifetime for our guests and generating strong returns for our shareholders. We plan to maintain a disciplined approach to capital investments, keeping our core capital at reduced levels given the continued uncertainty due to COVID-19. We will announce our complete capital plan for calendar year 2021 in March 2021, but we are pleased to highlight several signature investments planned for the 2021/2022 North American ski season, which were previously deferred from calendar year 2020 as a result of COVID-19 and are subject to regulatory approvals. "In Colorado, we plan to move forward with the 250-acre lift-served terrain expansion in the McCoy Park area of Beaver Creek. The new lift accessed beginner and intermediate bowl experience is a rare opportunity to expand with highly accessible terrain in one of the most idyllic settings in Colorado and will further differentiate the high-end, family focused experience at Beaver Creek. "At Breckenridge, we plan to install a new four-person high speed lift to serve the popular Peak 7. This additional lift will further enhance the guest experience at the most visited resort in the U.S. and will significantly increase guest access and circulation for the intermediate terrain on Peaks 6 and 7. At Keystone, we plan to replace the four-person Peru lift with a six-person high speed chairlift in order to increase capacity out of a key base area of the resort and improve guest access, circulation and experience at one of the top performing resorts in the U.S. "At Crested Butte, we plan to replace the two-person fixed-grip Peachtree chairlift with a new three-person fixed-grip lift that services beginner terrain at the base of the resort and will improve uplift capacity. Additionally, we plan to improve the grading of the terrain serviced by the Peachtree lift to create a more consistent experience for our beginner and ski school guests. "At Okemo, we plan to complete a transformational investment including upgrading the Quantum lift from a four-person to a six-person high speed chairlift, relocating the existing four-person Quantum lift to replace the Green Ridge three-person fixed-grip chairlift. These investments will greatly improve uplift capacity, further enhance the guest experience and complete our $35 million capital plan for Triple Peaks. "We will also continue to invest in company-wide technology enhancements to support our data driven approach and corporate infrastructure which improve our scalability and efficiency as we work to optimize our processes, business analytics and cost discipline across the network. In particular, we intend to invest in a number of upgrades to the infrastructure of our guest contact centers and bring a best-in-class approach to how we service our guests through these channels. Our call centers and chat functionality were not well suited to handle the more than fourfold increase in call and chat volume we saw over the past six months, which created a challenging experience for our guests. We will also continue to invest in ongoing maintenance capital to support our infrastructure across our resorts. "We plan to spend approximately $4 million on integration activities, primarily related to Peak Resorts. "We expect our capital plan for calendar 2021 will be approximately $110 million to $115 million, excluding one-time items associated with integrations and $11 million of reimbursable investments. Including these one-time items, we expect our total capital plan will be approximately $125 million to $130 million. We will continue evaluating our calendar year 2021 capital plan as the season progresses including potential opportunities to increase the planned level of investments and will be providing further detail and updates in March 2021." Outlook Commenting on the Company's outlook for the 2020/2021 North American ski season, Katz said, "Given the uncertainty COVID-19 has created for travel demand, operating restrictions and the ultimate visitation to and spending at our resorts, the Company will not be providing full year guidance for fiscal 2021 at this time. That said, we are very pleased with the results of our season pass sales and the strong foundation of visitation and revenue that creates heading into the season. Given the challenging dynamics associated with COVID-19, we continue to expect material declines in visitation to our resorts and associated revenue declines in fiscal 2021 relative to our original expectations for fiscal 2020, primarily as a result of expected declines in visitation from non-pass, lift ticket purchases due to reduced destination visitation, with more material declines specifically among international guests. While we expect that mandated capacity limitations will have a negative impact on our visitation during peak periods, we expect the primary driver of visitation declines for the North American ski season to be a result of reduced travel demand. We expect additional negative impacts to visitation in select regions where heightened restrictions exist, including Whistler Blackcomb, given Canadian border closures and domestic travel guidance, and Vermont as a result of the quarantine policy for out-of-state travelers. We also expect significant negative financial impacts on our ancillary lines of business, materially in excess of the decline in visitation, as a result of significant COVID-19 limitations and restrictions, particularly in food and beverage and ski school. In food and beverage, we have recently reduced capacity at our restaurants and have limited many of our on-mountain restaurants to grab-and-go options. In ski school, we have reduced group sizes and at many resorts eliminated full day and other select lesson types in response to COVID-19 limitations and restrictions. "Since the start of COVID-19, disciplined cost management has been a primary focus, with significant actions taken to date to tightly manage our costs with reduced revenue expectations. We have implemented operating plans that actively manage our expenses, while maintaining a high-quality experience for our guests, and we remain confident in our ability to deliver against the cost structure variability previously outlined in our September 2020 earnings release." Earnings Conference Call The Company will conduct a conference call today at 5:00 p.m. eastern time to discuss the financial results. The call will be webcast and can be accessed at www.vailresorts.com in the Investor Relations section, or dial (800) 367-2403 (U.S. and Canada) or (334) 777-6978 (international). A replay of the conference call will be available two hours following the conclusion of the conference call through December 24, 2020, at 8:00 p.m. eastern time. To access the replay, dial (888) 203-1112 (U.S. and Canada) or (719) 457-0820 (international), pass code 2470991. The conference call will also be archived at www.vailresorts.com. About Vail Resorts, Inc. (NYSE: MTN) Vail Resorts, Inc., through its subsidiaries, is the leading global mountain resort operator. Vail Resorts' subsidiaries operate 37 destination mountain resorts and regional ski areas, including Vail, Beaver Creek, Breckenridge, Keystone and Crested Butte in Colorado; Park City in Utah; Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in British Columbia, Canada; Perisher, Falls Creek and Hotham in Australia; Stowe, Mount Snow, and Okemo in Vermont; Hunter Mountain in New York; Mount Sunapee, Attitash, Wildcat and Crotched in New Hampshire; Stevens Pass in Washington; Liberty, Roundtop, Whitetail, Jack Frost and Big Boulder in Pennsylvania; Alpine Valley, Boston Mills, Brandywine and Mad River in Ohio; Hidden Valley and Snow Creek in Missouri; Wilmot in Wisconsin; Afton Alps in Minnesota; Mt. Brighton in Michigan; and Paoli Peaks in Indiana. Vail Resorts owns and/or manages a collection of casually elegant hotels under the RockResorts brand, as well as the Grand Teton Lodge Company in Jackson Hole, Wyoming. Vail Resorts Development Company is the real estate planning and development subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held company traded on the New York Stock Exchange (NYSE: MTN). The Vail Resorts company website is www.vailresorts.com and consumer website is www.snow.com. Forward-Looking Statements Certain statements discussed in this press release and on the conference call, other than statements of historical information, are forward-looking statements within the meaning of the federal securities laws, including our expectations regarding our future liquidity; the effects of the COVID-19 pandemic on, among other things, our operations and the travel patterns of our current and potential customers; sales patterns and expectations related to our season pass products; our expectations regarding visitation for the 2020/2021 ski season; our planned capital expenditures for calendar year 2021; and our expectations regarding our ancillary lines of business. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include but are not limited to the ultimate duration of COVID-19 and its short-term and long-term impacts on consumer behaviors, the economy generally and our business and results of operations, including the ultimate amount of refunds that we would be required to refund to our pass product holders for qualifying circumstances under our recently launched Epic Coverage program; prolonged weakness in general economic conditions, including adverse effects on the overall travel and leisure related industries; willingness or ability of our guests to travel due to terrorism, the uncertainty of military conflicts or outbreaks of contagious diseases (such as the current outbreak of COVID-19), and the cost and availability of travel options and changing consumer preferences; unfavorable weather conditions or the impact of natural disasters; risks related to our reliance on information technology, including our failure to maintain the integrity of our customer or employee data and our ability to adapt to technological developments or industry trends; risks related to cyber-attacks; the seasonality of our business combined with adverse events that occur during our peak operating periods; competition in our mountain and lodging businesses; high fixed cost structure of our business; our ability to fund resort capital expenditures; risks related to a disruption in our water supply that would impact our snowmaking capabilities and operations; our reliance on government permits or approvals for our use of public land or to make operational and capital improvements; risks associated with obtaining governmental or third party approvals; risks related to federal, state, local and foreign government laws, rules and regulations; risks related to changes in security and privacy laws and regulations which could increase our operating costs and adversely affect our ability to market our products and services effectively; risks related to our workforce, including increased labor costs; loss of key personnel and our ability to hire and retain a sufficient seasonal workforce; adverse consequences of current or future legal claims; a deterioration in the quality or reputation of our brands, including our ability to protect our intellectual property and the risk of accidents at our mountain resorts; our ability to successfully integrate acquired businesses, or that acquired businesses may fail to perform in accordance with expectations, including Falls Creek, Hotham, Peak Resorts or future acquisitions; our ability to satisfy the requirements of Section 404 of the Sarbanes-Oxley Act of 2002, with respect to acquired businesses; risks associated with international operations; fluctuations in foreign currency exchange rates where the Company has foreign currency exposure, primarily the Canadian and Australian dollars; changes in accounting judgments and estimates, accounting principles, policies or guidelines or adverse determinations by taxing authorities as well as risks associated with uncertainty of the impact of tax reform legislation in the United States; risks related to our indebtedness and our ability to satisfy our debt service requirements under our outstanding debt including our unsecured senior notes, which could reduce our ability to use our cash flow to fund our operations, capital expenditures, future business opportunities and other purposes; a materially adverse change in our financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission, including the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended July 31, 2020, which was filed on September 24, 2020. All forward-looking statements attributable to us or any persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. All guidance and forward-looking statements in this press release are made as of the date hereof and we do not undertake any obligation to update any forecast or forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by law. Statement Concerning Non-GAAP Financial Measures When reporting financial results, we use the terms Resort Reported EBITDA, Total Reported EBITDA, Resort EBITDA Margin, Net Debt and Net Real Estate Cash Flow, which are not financial measures under accounting principles generally accepted in the United States of America ("GAAP"). Resort Reported EBITDA, Total Reported EBITDA, Net Debt and Net Real Estate Cash Flow should not be considered in isolation or as an alternative to, or substitute for, measures of financial performance or liquidity prepared in accordance with GAAP. In addition, we report segment Reported EBITDA (i.e. Mountain, Lodging and Real Estate), the measure of segment profit or loss required to be disclosed in accordance with GAAP. Accordingly, these measures may not be comparable to similarly-titled measures of other companies. Additionally, with respect to discussion of impacts from currency, the Company calculates the impact by applying current period foreign exchange rates to the prior period results, as the Company believes that comparing financial information using comparable foreign exchange rates is a more objective and useful measure of changes in operating performance. Reported EBITDA (and its counterpart for each of our segments) has been presented herein as a measure of the Company's performance. The Company believes that Reported EBITDA is an indicative measurement of the Company's operating performance, and is similar to performance metrics generally used by investors to evaluate other companies in the resort and lodging industries. The Company believes that Net Debt is an important measurement of liquidity as it is an indicator of the Company's ability to obtain additional capital resources for its future cash needs. Additionally, the Company believes Net Real Estate Cash Flow is important as a cash flow indicator for its Real Estate segment. See the tables provided in this release for reconciliations of our measures of segment profitability and non-GAAP financial measures to the most directly comparable GAAP financial measures. Vail Resorts, Inc. Consolidated Condensed Statements of Operations (In thousands, except per share amounts) (Unaudited) Three Months EndedOctober 31, 2020 2019 Net revenue: Mountain and Lodging services and other $ 104,274 $ 180,031 Mountain and Lodging retail and dining 27,258 83,559 Resort net revenue 131,532 263,590 Real Estate 254 4,180 Total net revenue 131,786 267,770 Segment operating expense: Mountain and Lodging operating expense 154,137 228,710 Mountain and Lodging retail and dining cost of products sold 17,132 37,735 General and administrative 59,029 75,055 Resort operating expense 230,298 341,500 Real Estate operating expense 1,450 5,293 Total segment operating expense 231,748 346,793 Other operating (expense) income: Depreciation and amortization (62,628) (57,845) Gain on sale of real property 207 Change in estimated fair value of contingent consideration (802) (1,136) (Loss) gain on disposal of fixed assets and other, net (569) 2,267 Loss from operations (163,961) (135,530) Mountain equity investment income, net 3,986 1,191 Investment income and other, net 343 277 Foreign currency gain on intercompany loans 540 360 Interest expense, net (35,407) (22,690) Loss before benefit from income taxes (194,499) (156,392) Benefit from income taxes 37,478 46,563 Net loss (157,021) (109,829) Net loss attributable to noncontrolling interests 3,255 3,354 Net loss attributable to Vail Resorts, Inc. $ (153,766) $ (106,475) Per share amounts: Basic net loss per share attributable to Vail Resorts, Inc. $ (3.82) $ (2.64) Diluted net loss per share attributable to Vail Resorts, Inc. $ (3.82) $ (2.64) Cash dividends declared per share $ $ 1.76 Weighted average shares outstanding: Basic 40,248 40,342 Diluted 40,248 40,342 Vail Resorts, Inc. Consolidated Condensed Statements of Operations - Other Data (In thousands) (Unaudited) Three Months EndedOctober 31, 2020 2019 Other Data: Mountain Reported EBITDA $ (87,392) $ (79,985) Lodging Reported EBITDA (7,388) 3,266 Resort Reported EBITDA (94,780) (76,719) Real Estate Reported EBITDA (1,196) (906) Total Reported EBITDA $ (95,976) $ (77,625) Mountain stock-based compensation $ 4,801 $ 4,353 Lodging stock-based compensation 891 847 Resort stock-based compensation 5,692 5,200 Real Estate stock-based compensation 62 51 Total stock-based compensation $ 5,754 $ 5,251 Vail Resorts, Inc. Mountain Segment Operating Results (In thousands, except ETP) (Unaudited) Three Months EndedOctober 31, Percentage Increase 2020 2019 (Decrease) Net Mountain revenue: Lift $ 33,091 $ 41,829 (20.9) % Ski school 2,044 8,534 (76.0) % Dining 3,068 21,629 (85.8) % Retail/rental 22,306 47,915 (53.4) % Other 34,205 60,925 (43.9) % Total Mountain net revenue 94,714 180,832 (47.6) % Mountain operating expense: Labor and labor-related benefits 65,298 91,475 (28.6) % Retail cost of sales 12,626 23,279 (45.8) % General and administrative 49,955 64,669 (22.8) % Other 58,213 82,585 (29.5) % Total Mountain operating expense 186,092 262,008 (29.0) % Mountain equity investment income, net 3,986 1,191 234.7 % Mountain Reported EBITDA $ (87,392) $ (79,985) (9.3) % Total skier visits 287 934 (69.3) % ETP $ 115.30 $ 44.78 157.5 % Vail Resorts, Inc. Lodging Operating Results (In thousands, except Average Daily Rate ("ADR") and Revenue per Available Room ("RevPAR")) (Unaudited) Three Months EndedOctober 31, Percentage Increase 2020 2019 (Decrease) Lodging net revenue: Owned hotel rooms $ 7,365 $ 19,946 (63.1) % Managed condominium rooms 9,329 14,740 (36.7) % Dining 1,093 18,143 (94.0) % Transportation 2,351 (100.0) % Golf 8,454 10,221 (17.3) % Other 9,374 14,166 (33.8) % 35,615 79,567 (55.2) % Payroll cost reimbursements 1,203 3,191 (62.3) % Total Lodging net revenue 36,818 82,758 (55.5) % Lodging operating expense: Labor and labor-related benefits 19,977 37,615 (46.9) % General and administrative 9,074 10,386 (12.6) % Other 13,952 28,300 (50.7) % 43,003 76,301 (43.6) % Reimbursed payroll costs 1,203 3,191 (62.3) % Total Lodging operating expense 44,206 79,492 (44.4) % Lodging Reported EBITDA $ (7,388) $ 3,266 (326.2) % Owned hotel statistics: ADR $ 204.44 $ 238.49 (14.3) % RevPAR $ 57.33 $ 163.61 (65.0) % Managed condominium statistics: ADR $ 232.11 $ 189.22 22.7 % RevPAR $ 29.32 $ 52.83 (44.5) % Owned hotel and managed condominium statistics (combined): ADR $ 224.59 $ 210.60 6.6 % RevPAR $ 35.00 $ 79.18 (55.8) % Key Balance Sheet Data (In thousands) (Unaudited) As of October 31, 2020 2019 Real estate held for sale and investment $ 96,668 $ 96,938 Total Vail Resorts, Inc. stockholders' equity $ 1,166,120 $ 1,302,488 Long-term debt, net $ 2,387,861 $ 2,005,057 Long-term debt due within one year 63,707 63,807 Total debt 2,451,568 2,068,864 Less: cash and cash equivalents 462,212 136,326 Net debt $ 1,989,356 $ 1,932,538 Reconciliation of Measures of Segment Profitability and Non-GAAP Financial Measures Presented below is a reconciliation of net loss attributable to Vail Resorts, Inc. to Total Reported EBITDA for the three months ended October 31, 2020 and 2019. (Inthousands)(Unaudited) Three Months Ended October 31, 2020 2019 Net loss attributable to Vail Resorts, Inc. $ (153,766) $ (106,475) Net loss attributable to noncontrolling interests (3,255) (3,354) Net loss (157,021) (109,829) Benefit from income taxes (37,478) (46,563) Loss before benefit from income taxes (194,499) (156,392) Depreciation and amortization 62,628 57,845 Loss (gain) on disposal of fixed assets and other, net 569 (2,267) Change in fair value of contingent consideration 802 1,136 Investment income and other, net (343) (277) Foreign currency gain on intercompany loans (540) (360) Interest expense, net 35,407 22,690 Total Reported EBITDA $ (95,976) $ (77,625) Mountain Reported EBITDA $ (87,392) $ (79,985) Lodging Reported EBITDA (7,388) 3,266 Resort Reported EBITDA* (94,780) (76,719) Real Estate Reported EBITDA (1,196) (906) Total Reported EBITDA $ (95,976) $ (77,625) * Resort represents the sum of Mountain and Lodging Presented below is a reconciliation of net income attributable to Vail Resorts, Inc. to Total Reported EBITDA calculated in accordance with GAAP for the twelve months ended October 31, 2020. (Inthousands)(Unaudited) Twelve Months Ended October 31, 2020 Net income attributable to Vail Resorts, Inc. $ 51,542 Net income attributable to noncontrolling interests 10,321 Net income 61,863 Provision for income taxes 16,463 Income before provision for income taxes 78,326 Depreciation and amortization 254,355 Loss on disposal of fixed assets and other, net 1,998 Asset impairments 28,372 Change in fair value of contingent consideration (3,298) Investment income and other, net (1,371) Foreign currency loss on intercompany loans 3,050 Interest expense, net 119,438 Total Reported EBITDA $ 480,870 Mountain Reported EBITDA $ 492,673 Lodging Reported EBITDA (7,385) Resort Reported EBITDA* 485,288 Real Estate Reported EBITDA (4,418) Total Reported EBITDA $ 480,870 * Resort represents the sum of Mountain and Lodging The following table reconciles long-term debt, net to Net Debt and the calculation of Net Debt to Total Reported EBITDA for the twelve months ended October 31, 2020. In thousands)(Unaudited) (As of October 31, 2020) Long-term debt, net $ 2,387,861 Long-term debt due within one year 63,707 Total debt 2,451,568 Less: cash and cash equivalents 462,212 Net debt $ 1,989,356 Net debt to Total Reported EBITDA 4.1x SOURCE Vail Resorts, Inc.
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edtsum7270
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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: FRANKLIN, Tenn.--(BUSINESS WIRE)--Community Health Systems, Inc. (the Company) (NYSE: CYH) today announced that its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the Issuer), has priced an offering of $1,440 million aggregate principal amount of its 6.125% Junior-Priority Secured Notes due 2030 (the Notes) (the Notes Offering). The sale of the Notes is expected to be consummated on or about May 19, 2021, subject to customary closing conditions. The Issuer intends to use the net proceeds from the Notes Offering, together with cash on hand, to redeem all of its outstanding 8.125% Junior-Priority Secured Notes due 2024 and to pay related fees and expenses. The Notes are being offered in the United States to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and outside the United States pursuant to Regulation S under the Securities Act. The Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall there be any offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. Any offers of the Notes will be made only by means of a private offering memorandum. This notice is being issued pursuant to and in accordance with Rule 135(c) under the Securities Act. Forward-Looking Statements This press release may include information that could constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risk and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.
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Community Health Systems, Inc. Announces Pricing of $1,440 Million Junior-Priority Secured Notes
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FRANKLIN, Tenn.--(BUSINESS WIRE)--Community Health Systems, Inc. (the Company) (NYSE: CYH) today announced that its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the Issuer), has priced an offering of $1,440 million aggregate principal amount of its 6.125% Junior-Priority Secured Notes due 2030 (the Notes) (the Notes Offering). The sale of the Notes is expected to be consummated on or about May 19, 2021, subject to customary closing conditions. The Issuer intends to use the net proceeds from the Notes Offering, together with cash on hand, to redeem all of its outstanding 8.125% Junior-Priority Secured Notes due 2024 and to pay related fees and expenses. The Notes are being offered in the United States to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and outside the United States pursuant to Regulation S under the Securities Act. The Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall there be any offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. Any offers of the Notes will be made only by means of a private offering memorandum. This notice is being issued pursuant to and in accordance with Rule 135(c) under the Securities Act. Forward-Looking Statements This press release may include information that could constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risk and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.
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edtsum7273
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, April 8, 2021 /PRNewswire/ -- Application of oryzanol has been increasing in the personal care and cosmetic industry, owing to rising preference of consumers for natural and nutritious ingredients. Presence of antioxidant properties that prevent tissue damage and eliminate free radicals is promoting usage of oryzanol in anti-aging creams and sunblock lotions. Also, absorbability and easy solubility along with effective blood circulation in the skin are key benefits linked with oryzanol-based cream creations. Besides, consumers of personal care and cosmetic products are becoming more aware of the ingredients used in these. As such, demand for natural personal care and cosmetic products is increasing across the globe, which is expected to boost demand for oryzanol over the forecast period. Persistence Market Research The global oryzanol market is set to experience a value growth of more than 5% CAGR over the next ten years. Key Takeaways from Market Study The oryzanol market in India and China is expected to grow at CAGRs of 8.6% and 7.6%, respectively, through 2031. By application, cosmetic & personal care is witnessing a prominent market value share at more than 30%. Key contributing factor for this growth is the natural and nutritional properties of oryzanol. Europe and North America hold more than 50% share of the global market, mainly on the back of high consumption of oryzanol-based products in these regions. In Asia Pacific, manufacturers are increasingly producing oryzanol owing to the high availability of raw material at low cost and increasing number of end-use industries in countries such as China, India, Indonesia, and Thailand. Application of oryzanol in dietary supplements is expected to surge over the forecast period. The U.K., Germany, Italy, France, and Spain hold prominent shares for oryzanol in Europe. COVID-19 has had a moderate impact on the growth of the oryzanol market. However, with increasing demand for natural and nutritious products, losses are expected to be recovered in the near term. Request for Sample Report: https://www.persistencemarketresearch.com/samples/32383 "General trend of healthier lifestyles and growing focus on personal health and beauty among consumers are key factors driving demand for cosmetic and personal care products as well as dietary supplements. Thus, oryzanol manufacturers could gain increased profits from these sectors," says a Persistence Market Research analyst.For More Query Ask an Expert: https://www.persistencemarketresearch.com/ask-an-expert/32383 Competitive LandscapeManufacturers of oryzanol are using modern technology for its extraction in the most natural and pure form. They are also focusing on increasing its application by investing in research & development to develop new products. Manufacturers are constantly making efforts to increase sales across various application industries. Also, some key players offer oryzanol for research purposes to food & beverage, chemical, nutraceuticals, pharmaceuticals, cosmetic, and personal care industries. This oryzanol is used for research purposes only with a high concentration that is costlier than regular oryzanol, which offers huge opportunities for manufacturers.Get Full Access of Report: https://www.persistencemarketresearch.com/checkout/32383 Henry Lamotte Oils GmbH is focused on contract manufacturing, in which, the company works together with clients to bring product ideas to life. It also uses its base products as the basis for development and relies on contract filling. It produces high-quality oils and oryzanol according to client specifications using state-of-the-art technology. Tokyo Chemical Industry Co., Ltd., a leading manufacturer and supplier of chemical compounds, offers oryzanol for research purposes only. Its products are available in of 25g and 250g of packaging. Explore More Valuable InsightsPersistence Market Research, in its new report, offers an impartial analysis of the global oryzanol market, presenting historical data (2016-2020) and estimation statistics for the forecast period of 2021-2031. The study offers compelling insights on the basis of application (cosmetic & personal care, dietary supplements, pharmaceuticals, and others), across seven major regions of the world.Browse Research Release at:https://www.persistencemarketresearch.com/market-reports.asp Browse End-to-end Market:Food and BeveragesRelated Reports: Dietary Supplements Market: https://www.persistencemarketresearch.com/market-research/dietary-supplements-market.asp Dietary Supplements Ingredients Market: https://www.persistencemarketresearch.com/market-research/dietary-supplements-ingredients-market.asp About Persistence Market ResearchOverview:Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.ContactRajendra Singh Persistence Market Research U.S. Sales Office: 305 Broadway, 7th Floor New York City, NY 10007 +1-646-568-7751 United States USA - Canada Toll-Free: 800-961-0353 Email: [emailprotected]Visit Our Website:https://www.persistencemarketresearch.comSOURCE Persistence Market Research Pvt. Ltd.
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Oryzanol Market is projected to expand at a CAGR of more than 5% from 2021 to 2031 - Persistence Market Research
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NEW YORK, April 8, 2021 /PRNewswire/ -- Application of oryzanol has been increasing in the personal care and cosmetic industry, owing to rising preference of consumers for natural and nutritious ingredients. Presence of antioxidant properties that prevent tissue damage and eliminate free radicals is promoting usage of oryzanol in anti-aging creams and sunblock lotions. Also, absorbability and easy solubility along with effective blood circulation in the skin are key benefits linked with oryzanol-based cream creations. Besides, consumers of personal care and cosmetic products are becoming more aware of the ingredients used in these. As such, demand for natural personal care and cosmetic products is increasing across the globe, which is expected to boost demand for oryzanol over the forecast period. Persistence Market Research The global oryzanol market is set to experience a value growth of more than 5% CAGR over the next ten years. Key Takeaways from Market Study The oryzanol market in India and China is expected to grow at CAGRs of 8.6% and 7.6%, respectively, through 2031. By application, cosmetic & personal care is witnessing a prominent market value share at more than 30%. Key contributing factor for this growth is the natural and nutritional properties of oryzanol. Europe and North America hold more than 50% share of the global market, mainly on the back of high consumption of oryzanol-based products in these regions. In Asia Pacific, manufacturers are increasingly producing oryzanol owing to the high availability of raw material at low cost and increasing number of end-use industries in countries such as China, India, Indonesia, and Thailand. Application of oryzanol in dietary supplements is expected to surge over the forecast period. The U.K., Germany, Italy, France, and Spain hold prominent shares for oryzanol in Europe. COVID-19 has had a moderate impact on the growth of the oryzanol market. However, with increasing demand for natural and nutritious products, losses are expected to be recovered in the near term. Request for Sample Report: https://www.persistencemarketresearch.com/samples/32383 "General trend of healthier lifestyles and growing focus on personal health and beauty among consumers are key factors driving demand for cosmetic and personal care products as well as dietary supplements. Thus, oryzanol manufacturers could gain increased profits from these sectors," says a Persistence Market Research analyst.For More Query Ask an Expert: https://www.persistencemarketresearch.com/ask-an-expert/32383 Competitive LandscapeManufacturers of oryzanol are using modern technology for its extraction in the most natural and pure form. They are also focusing on increasing its application by investing in research & development to develop new products. Manufacturers are constantly making efforts to increase sales across various application industries. Also, some key players offer oryzanol for research purposes to food & beverage, chemical, nutraceuticals, pharmaceuticals, cosmetic, and personal care industries. This oryzanol is used for research purposes only with a high concentration that is costlier than regular oryzanol, which offers huge opportunities for manufacturers.Get Full Access of Report: https://www.persistencemarketresearch.com/checkout/32383 Henry Lamotte Oils GmbH is focused on contract manufacturing, in which, the company works together with clients to bring product ideas to life. It also uses its base products as the basis for development and relies on contract filling. It produces high-quality oils and oryzanol according to client specifications using state-of-the-art technology. Tokyo Chemical Industry Co., Ltd., a leading manufacturer and supplier of chemical compounds, offers oryzanol for research purposes only. Its products are available in of 25g and 250g of packaging. Explore More Valuable InsightsPersistence Market Research, in its new report, offers an impartial analysis of the global oryzanol market, presenting historical data (2016-2020) and estimation statistics for the forecast period of 2021-2031. The study offers compelling insights on the basis of application (cosmetic & personal care, dietary supplements, pharmaceuticals, and others), across seven major regions of the world.Browse Research Release at:https://www.persistencemarketresearch.com/market-reports.asp Browse End-to-end Market:Food and BeveragesRelated Reports: Dietary Supplements Market: https://www.persistencemarketresearch.com/market-research/dietary-supplements-market.asp Dietary Supplements Ingredients Market: https://www.persistencemarketresearch.com/market-research/dietary-supplements-ingredients-market.asp About Persistence Market ResearchOverview:Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.ContactRajendra Singh Persistence Market Research U.S. Sales Office: 305 Broadway, 7th Floor New York City, NY 10007 +1-646-568-7751 United States USA - Canada Toll-Free: 800-961-0353 Email: [emailprotected]Visit Our Website:https://www.persistencemarketresearch.comSOURCE Persistence Market Research Pvt. Ltd.
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: CHICAGO, April 14, 2020 /PRNewswire/ -- The ongoing COVID-19 pandemicand the worldwide reaction to ithas compelled companies to radically rethink their strategies and the way they operate. We salute the industry experts helping companies survive and sustain in this pandemic. At MarketsandMarkets, analysts are undertaking continuous efforts to provide analysis of the COVID-19 impact on the Cloud Applications Market. We are working diligently to help companies take rapid decisions by studying: The impact of COVID-19 on the Cloud Applications Market, including growth/decline in product type/use cases due to the cascaded impact of COVID-19 on the extended ecosystem of the market The rapid shifts in the strategies of the Top 50 companies in the Cloud Applications Market The shifting short-term priorities of the top 50 companies' clients and their client's clients You can request an in-depth analysis detailing the impact of COVID-19 on the Cloud Applications Market:https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=77759796 According to a market research report "Cloud Applications Market by Application (ERP, CRM, HCM, SCM, Content Management, BI and Analytics), Organization Size, Vertical (BFSI, Manufacturing, Government & Public Sector, and Telecommunications), and Region Global Forecast to 2025", published by MarketsandMarkets, the Cloud Applications Market size is expected to grow from USD 171 billion in 2020 to USD 356 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.8% during the forecast period. The growing demand for cloud-based services and advanced technologies, increasing need to engage with customers, flexibility to work from anywhere, and deliver an enriched experience continuously are some of the major factors driving the growth of the cloud applications market. Browse in-depth TOC on"Cloud Applications Market"106 Tables 32 Figures 166 Pages Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=77759796 Among applications, cloud-based customer relationship Management applications to hold the largest market size during the forecast period Cloud Customer Relationship Management (CRM) enables enterprises to store and utilize customer data at scale to offer better services and manage relationships with customers. Cloud-based CRM is gaining popularity among enterprises due to various benefits it offers, such as 360 view of the contact, accessibility, affordability (especially for Small and Medium-sized Enterprises [SMEs]), rapid implementation, easy upgradation, scalability, and integration capability with other data sources. Cloud-based CRM applications centralize the customer database and provide a comprehensive view of all interactions with customers, offer instant access to real-time insights of sales opportunities, and automate task management processes. With ease of use and affordability, it increases customer retention rates making business more successful. Salesforce, Zoho, Oracle, Microsoft, and Oracle are some leading vendors offering cloud CRM. Retail and consumer goods vertical is one of the fastest-growing verticals in the region Factors driving the adoption of cloud applications are the rising purchasing power of customers and the need to satisfy customer expectations, which leads to the existing customer retention and new customer acquisition. Online retailing and cloud technologies have significantly disrupted the retail and consumer goods vertical leading to the adoption of cloud computing mainly for storage, backup, and security services. Cloud computing services enable retailers to access customer data with just one click from any store located anywhere, thus leading to better customer service delivery. For instance, 1-800-Flowers is a floral and gourmet foods gift retailer and distribution company in the US. This store is leveraging the private cloud to offer seamless shopping experiences to the customers. The use of cloud services helps 1-800-Flowers to offer personalize gift recommendations for customers and particular occasions. North America to have the largest market size during the forecast period North America is a step ahead in terms of adoption for technologies because of the developed economy. Enterprises operating across varied verticals in the region uses cloud applications such as CRM, ERM, HCM, and SCM to maintain and automate business processes. North America is the home to the leading cloud applications vendors, including Microsoft, Salesforce, Oracle, Google, Workday, Adobe, and IBM, making it contribute a larger share in the cloud applications revenue. Other factors driving the adoption of the cloud technology in this region include reduced costs, improved infrastructure efficiency, and enhanced scalability. Request Sample:https://www.marketsandmarkets.com/requestsampleNew.asp?id=77759796 Major vendors in Cloud Applications Market include Microsoft (US), Salesforce (US), Oracle (US), SAP (Germany), Google (US), Workday (US), Adobe (US), IBM (US), Infor (US), Sage Group (UK), Intuit (US), Epicor (US), IFS (Sweden), ServiceNow (US), OpenText (US), Cisco (US), Box (US), Zoho (US), Citrix (US), LogMeIn (US), and Upland Software (US). Browse Adjacent Markets:Cloud Computing Market Research Reports & Consulting About MarketsandMarkets MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact:Mr. Sanjay GuptaMarketsandMarkets INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [emailprotected]Visit Our Website: https://www.marketsandmarkets.com/ SOURCE MarketsandMarkets
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Early Impacts of COVID-19 on Cloud Applications Market - Exclusive Report by MarketsandMarkets
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CHICAGO, April 14, 2020 /PRNewswire/ -- The ongoing COVID-19 pandemicand the worldwide reaction to ithas compelled companies to radically rethink their strategies and the way they operate. We salute the industry experts helping companies survive and sustain in this pandemic. At MarketsandMarkets, analysts are undertaking continuous efforts to provide analysis of the COVID-19 impact on the Cloud Applications Market. We are working diligently to help companies take rapid decisions by studying: The impact of COVID-19 on the Cloud Applications Market, including growth/decline in product type/use cases due to the cascaded impact of COVID-19 on the extended ecosystem of the market The rapid shifts in the strategies of the Top 50 companies in the Cloud Applications Market The shifting short-term priorities of the top 50 companies' clients and their client's clients You can request an in-depth analysis detailing the impact of COVID-19 on the Cloud Applications Market:https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=77759796 According to a market research report "Cloud Applications Market by Application (ERP, CRM, HCM, SCM, Content Management, BI and Analytics), Organization Size, Vertical (BFSI, Manufacturing, Government & Public Sector, and Telecommunications), and Region Global Forecast to 2025", published by MarketsandMarkets, the Cloud Applications Market size is expected to grow from USD 171 billion in 2020 to USD 356 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.8% during the forecast period. The growing demand for cloud-based services and advanced technologies, increasing need to engage with customers, flexibility to work from anywhere, and deliver an enriched experience continuously are some of the major factors driving the growth of the cloud applications market. Browse in-depth TOC on"Cloud Applications Market"106 Tables 32 Figures 166 Pages Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=77759796 Among applications, cloud-based customer relationship Management applications to hold the largest market size during the forecast period Cloud Customer Relationship Management (CRM) enables enterprises to store and utilize customer data at scale to offer better services and manage relationships with customers. Cloud-based CRM is gaining popularity among enterprises due to various benefits it offers, such as 360 view of the contact, accessibility, affordability (especially for Small and Medium-sized Enterprises [SMEs]), rapid implementation, easy upgradation, scalability, and integration capability with other data sources. Cloud-based CRM applications centralize the customer database and provide a comprehensive view of all interactions with customers, offer instant access to real-time insights of sales opportunities, and automate task management processes. With ease of use and affordability, it increases customer retention rates making business more successful. Salesforce, Zoho, Oracle, Microsoft, and Oracle are some leading vendors offering cloud CRM. Retail and consumer goods vertical is one of the fastest-growing verticals in the region Factors driving the adoption of cloud applications are the rising purchasing power of customers and the need to satisfy customer expectations, which leads to the existing customer retention and new customer acquisition. Online retailing and cloud technologies have significantly disrupted the retail and consumer goods vertical leading to the adoption of cloud computing mainly for storage, backup, and security services. Cloud computing services enable retailers to access customer data with just one click from any store located anywhere, thus leading to better customer service delivery. For instance, 1-800-Flowers is a floral and gourmet foods gift retailer and distribution company in the US. This store is leveraging the private cloud to offer seamless shopping experiences to the customers. The use of cloud services helps 1-800-Flowers to offer personalize gift recommendations for customers and particular occasions. North America to have the largest market size during the forecast period North America is a step ahead in terms of adoption for technologies because of the developed economy. Enterprises operating across varied verticals in the region uses cloud applications such as CRM, ERM, HCM, and SCM to maintain and automate business processes. North America is the home to the leading cloud applications vendors, including Microsoft, Salesforce, Oracle, Google, Workday, Adobe, and IBM, making it contribute a larger share in the cloud applications revenue. Other factors driving the adoption of the cloud technology in this region include reduced costs, improved infrastructure efficiency, and enhanced scalability. Request Sample:https://www.marketsandmarkets.com/requestsampleNew.asp?id=77759796 Major vendors in Cloud Applications Market include Microsoft (US), Salesforce (US), Oracle (US), SAP (Germany), Google (US), Workday (US), Adobe (US), IBM (US), Infor (US), Sage Group (UK), Intuit (US), Epicor (US), IFS (Sweden), ServiceNow (US), OpenText (US), Cisco (US), Box (US), Zoho (US), Citrix (US), LogMeIn (US), and Upland Software (US). Browse Adjacent Markets:Cloud Computing Market Research Reports & Consulting About MarketsandMarkets MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact:Mr. Sanjay GuptaMarketsandMarkets INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [emailprotected]Visit Our Website: https://www.marketsandmarkets.com/ SOURCE MarketsandMarkets
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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: RADNOR, Pa., Aug. 17, 2020 /PRNewswire/ -- UNITED STATES DISTRICT COURTDISTRICT OF ARIZONA Richard Di Donato, Individually and OnBehalf of All Others Similarly Situated, Plaintiff,v. Insys Therapeutics, Inc.; Michael L. Babich;Darryl S. Baker; and John N. Kapoor,Defendants. No. 16-cv-00302-NVWCLASS ACTION SUMMARY NOTICE OF (I) PROPOSED SETTLEMENT WITH DEFENDANTMICHAEL L. BABICH; (II)SETTLEMENT FAIRNESS HEARING; AND(III) MOTION FOR LITIGATION EXPENSES TO: All persons and entities who purchased or otherwise acquired Insys Therapeutics, Inc. ("Insys") common stock during the period from March 3, 2015, through January 25, 2016, and were damaged thereby ("Class"). Certain persons and entities are excluded from the Class as set forth in detail in the Stipulation and Agreement of Settlement between Lead Plaintiff and Defendant Michael L. Babich dated July 21, 2020 ("Stipulation") and the Settlement Notice described below. PLEASE READ THIS NOTICE CAREFULLY; YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT. YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the District of Arizona ("Court"), that the Court-appointed Lead Plaintiff and Class Representative Clark Miller ("Class Representative"), on behalf of himself and the Court-certified Class in the above-captioned securities class action ("Action"), has reached a proposed settlement of the Action with defendant Michael L. Babich ("Defendant Babich") for $250,000 in cash that, if approved, will resolve all claims in the Action against Defendant Babich only. Please Note: This settlement does not resolve any of the claims asserted against the other defendants in the Action; those claims are being resolved through separate settlements. A hearing will be held on November 18, 2020 at 1:30 p.m., before the Honorable Neil V. Wake at the Sandra Day O'Connor United States Courthouse, 401 W. Washington St., Phoenix, AZ 85003, Courtroom 401, to determine whether: (i) the proposed Settlement of the Action with Defendant Babich should be approved as fair, reasonable, and adequate; (ii) the Action should be dismissed with prejudice against Defendant Babich, and the releases specified and described in the Stipulation (and in the Settlement Notice described below) should be entered; (iii) the proposed Plan of Allocation should be approved as fair and reasonable; and (iv) Class Counsel's motion for litigation expenses should be approved. If you are a member of the Class, your rights will be affected by the pending Action and the Settlement of the Action with Defendant Babich, and you may be entitled to share in the Settlement Fund. This notice provides only a summary of the information contained in the detailed Notice of (I)Proposed Settlement with Defendant Michael L. Babich; (II) Settlement Fairness Hearing; and (III) Motion for Litigation Expenses ("Settlement Notice"). You may obtain a copy of the Settlement Notice, along with the Claim Form, on the website for the Action, www.InsysRXSecuritiesLitigation.com. You may also obtain a copy of the Settlement Notice and the Claim Form by writing to the Claims Administrator at Insys Therapeutics, Inc. Securities Litigation, c/o A.B. Data, Ltd., P.O. Box 170999, Milwaukee, WI 53217;by calling toll free 1-866-905-8102; or by sending an email to [emailprotected]. If you previously submitted or plan to submit a Claim Form in connection with the settlement of the Action with defendant Darryl S. Baker ("Baker Settlement") or the settlement of the Action with defendant John N. Kapoor ("Kapoor Settlement"),it isnot necessary to resubmit a Claim Form for this Settlement. The Claim Form you submitted or plan to submit for the Baker and/or Kapoor Settlements will be processed in connection with this Settlement.If you did not previously submit or are not planning to submit a ClaimForm in connection with the Baker and/or Kapoor Settlements and you are a member of the Class, in order to be eligible to receive a payment under the proposed Settlement with Defendant Babich, you must submit a Claim Form postmarked (if mailed), or online, no later than November 7, 2020,in accordance with the instructions set forth in the Claim Form. If you are a Class Member and do not submit a valid Claim Form either in connection with this Settlement or in connection with the Baker and/or Kapoor Settlements, you will not be eligible to share in the distribution of the net proceeds of the Settlement of the Action with Defendant Babich, but you will nevertheless be bound by any releases, judgments, or orders entered by the Court in the Action. Any objections to the proposed Settlement of the Action with Defendant Babich, the proposed Plan of Allocation, and/or Class Counsel's motion for litigation expenses, must be filed with the Court and delivered to Class Counsel and Defendant Babich's Counsel such that they are received no later than October 28, 2020, in accordance with the instructions set forth in the Settlement Notice. As this Class was previously certified and, in connection therewith, Class Members had the opportunity to exclude themselves from the Class, the Court has exercised its discretion not to allow a second opportunity for exclusion in connection with the settlement proceedings. PLEASE DO NOT CONTACT THE COURT, THE CLERK'S OFFICE, DEFENDANT BABICH, OR DEFENDANT BABICH'S COUNSEL REGARDING THIS NOTICE. All questions about this notice, the Settlement of the Action with Defendant Babich, or your eligibility to participate in the Settlement with Defendant Babich should be directed to the Claims Administrator or Class Counsel. Requests for the Settlement Notice and Claim Form should be made to the Claims Administrator: Insys Therapeutics, Inc. Securities Litigationc/o A.B. Data, Ltd.P.O. Box 170999Milwaukee, WI 532171-866-905-8102[emailprotected]www.InsysRXSecuritiesLitigation.com All other inquiries should be made to Class Counsel: KESSLER TOPAZ MELTZER& CHECK, LLP Johnston de F. Whitman, Jr., Esq.280 King of Prussia RoadRadnor, PA 19087Telephone: (610) 667-7706Facsimile: (610) 667-7056 -and- Jennifer L. Joost, Esq.One Sansome Street, Suite 1850San Francisco, CA 94104Telephone: (415) 400-3000|Facsimile: (415) 400-3001[emailprotected]www.ktmc.com DATED: August 17, 2020 BY ORDER OF THE COURT United States District Court District of Arizona SOURCE Kessler Topaz Meltzer & Check, LLP
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Kessler Topaz Meltzer & Check, LLP Announces Proposed Partial Settlement of the Insys Therapeutics, Inc. Securities Litigation
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RADNOR, Pa., Aug. 17, 2020 /PRNewswire/ -- UNITED STATES DISTRICT COURTDISTRICT OF ARIZONA Richard Di Donato, Individually and OnBehalf of All Others Similarly Situated, Plaintiff,v. Insys Therapeutics, Inc.; Michael L. Babich;Darryl S. Baker; and John N. Kapoor,Defendants. No. 16-cv-00302-NVWCLASS ACTION SUMMARY NOTICE OF (I) PROPOSED SETTLEMENT WITH DEFENDANTMICHAEL L. BABICH; (II)SETTLEMENT FAIRNESS HEARING; AND(III) MOTION FOR LITIGATION EXPENSES TO: All persons and entities who purchased or otherwise acquired Insys Therapeutics, Inc. ("Insys") common stock during the period from March 3, 2015, through January 25, 2016, and were damaged thereby ("Class"). Certain persons and entities are excluded from the Class as set forth in detail in the Stipulation and Agreement of Settlement between Lead Plaintiff and Defendant Michael L. Babich dated July 21, 2020 ("Stipulation") and the Settlement Notice described below. PLEASE READ THIS NOTICE CAREFULLY; YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT. YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the District of Arizona ("Court"), that the Court-appointed Lead Plaintiff and Class Representative Clark Miller ("Class Representative"), on behalf of himself and the Court-certified Class in the above-captioned securities class action ("Action"), has reached a proposed settlement of the Action with defendant Michael L. Babich ("Defendant Babich") for $250,000 in cash that, if approved, will resolve all claims in the Action against Defendant Babich only. Please Note: This settlement does not resolve any of the claims asserted against the other defendants in the Action; those claims are being resolved through separate settlements. A hearing will be held on November 18, 2020 at 1:30 p.m., before the Honorable Neil V. Wake at the Sandra Day O'Connor United States Courthouse, 401 W. Washington St., Phoenix, AZ 85003, Courtroom 401, to determine whether: (i) the proposed Settlement of the Action with Defendant Babich should be approved as fair, reasonable, and adequate; (ii) the Action should be dismissed with prejudice against Defendant Babich, and the releases specified and described in the Stipulation (and in the Settlement Notice described below) should be entered; (iii) the proposed Plan of Allocation should be approved as fair and reasonable; and (iv) Class Counsel's motion for litigation expenses should be approved. If you are a member of the Class, your rights will be affected by the pending Action and the Settlement of the Action with Defendant Babich, and you may be entitled to share in the Settlement Fund. This notice provides only a summary of the information contained in the detailed Notice of (I)Proposed Settlement with Defendant Michael L. Babich; (II) Settlement Fairness Hearing; and (III) Motion for Litigation Expenses ("Settlement Notice"). You may obtain a copy of the Settlement Notice, along with the Claim Form, on the website for the Action, www.InsysRXSecuritiesLitigation.com. You may also obtain a copy of the Settlement Notice and the Claim Form by writing to the Claims Administrator at Insys Therapeutics, Inc. Securities Litigation, c/o A.B. Data, Ltd., P.O. Box 170999, Milwaukee, WI 53217;by calling toll free 1-866-905-8102; or by sending an email to [emailprotected]. If you previously submitted or plan to submit a Claim Form in connection with the settlement of the Action with defendant Darryl S. Baker ("Baker Settlement") or the settlement of the Action with defendant John N. Kapoor ("Kapoor Settlement"),it isnot necessary to resubmit a Claim Form for this Settlement. The Claim Form you submitted or plan to submit for the Baker and/or Kapoor Settlements will be processed in connection with this Settlement.If you did not previously submit or are not planning to submit a ClaimForm in connection with the Baker and/or Kapoor Settlements and you are a member of the Class, in order to be eligible to receive a payment under the proposed Settlement with Defendant Babich, you must submit a Claim Form postmarked (if mailed), or online, no later than November 7, 2020,in accordance with the instructions set forth in the Claim Form. If you are a Class Member and do not submit a valid Claim Form either in connection with this Settlement or in connection with the Baker and/or Kapoor Settlements, you will not be eligible to share in the distribution of the net proceeds of the Settlement of the Action with Defendant Babich, but you will nevertheless be bound by any releases, judgments, or orders entered by the Court in the Action. Any objections to the proposed Settlement of the Action with Defendant Babich, the proposed Plan of Allocation, and/or Class Counsel's motion for litigation expenses, must be filed with the Court and delivered to Class Counsel and Defendant Babich's Counsel such that they are received no later than October 28, 2020, in accordance with the instructions set forth in the Settlement Notice. As this Class was previously certified and, in connection therewith, Class Members had the opportunity to exclude themselves from the Class, the Court has exercised its discretion not to allow a second opportunity for exclusion in connection with the settlement proceedings. PLEASE DO NOT CONTACT THE COURT, THE CLERK'S OFFICE, DEFENDANT BABICH, OR DEFENDANT BABICH'S COUNSEL REGARDING THIS NOTICE. All questions about this notice, the Settlement of the Action with Defendant Babich, or your eligibility to participate in the Settlement with Defendant Babich should be directed to the Claims Administrator or Class Counsel. Requests for the Settlement Notice and Claim Form should be made to the Claims Administrator: Insys Therapeutics, Inc. Securities Litigationc/o A.B. Data, Ltd.P.O. Box 170999Milwaukee, WI 532171-866-905-8102[emailprotected]www.InsysRXSecuritiesLitigation.com All other inquiries should be made to Class Counsel: KESSLER TOPAZ MELTZER& CHECK, LLP Johnston de F. Whitman, Jr., Esq.280 King of Prussia RoadRadnor, PA 19087Telephone: (610) 667-7706Facsimile: (610) 667-7056 -and- Jennifer L. Joost, Esq.One Sansome Street, Suite 1850San Francisco, CA 94104Telephone: (415) 400-3000|Facsimile: (415) 400-3001[emailprotected]www.ktmc.com DATED: August 17, 2020 BY ORDER OF THE COURT United States District Court District of Arizona SOURCE Kessler Topaz Meltzer & Check, LLP
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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, Aug. 10, 2020 /PRNewswire/ --Today a consortium of technology companies and universities launched an upgraded public randomness network. Drand is a distributed randomness beacon that generates verifiable, unpredictable, and unbiasable random numbers as a service available for all. Drand's largest deployment is known as the League of Entropy, and its founding members include Cloudflare, cole polytechnique fdrale de Lausanne (EPFL), Kudelski Security, Protocol Labs, and the University of Chile. With the upgraded drand network, the consortium also announced its expanded member list, now also including C4DT, ChainSafe, cLabs, Emerald Onion, Ethereum Foundation, IC3, PTisp, Tierion,and UCL, and a new model of collaborative governanceto better protect drand for its users. The upgrade to drand, which was initially developed by Nicolas Gailly at the DEDIS laboratory and first launched as an experimental research network in 2019, includes many new features and architecture improvements to make it a production-level service. The updates include a three-layered network architecture, deployment and network monitoring tools, a full specification and security model and more. Filecoin, Protocol Labs' decentralized storage network, is the first production user of drand. Drand's randomness values record the consensus of all clients on the correct history of the Filecoin blockchain and powers the leader elections that decide which miner will publish a new block to the blockchain, which ensures the Filecoin blockchain continues to grow. The League of Entropy believes that drand can become a fundamental internet service. David Dias, P2P Software Engineer and Researcher at Protocol Labs, said, "We're thrilled to make the upgraded drand network available for the world to access. Drand has the potential to transform the internet as we know it by offering an unbiasable and publicly verifiable randomness beacon. We look forward to seeing how drand gets used by mission critical and high value operations, such as new blockchain systems, like Filecoin." Nick Sullivan, Head of Research at Cloudflare, said, "The League of Entropy is creating the basis for future systems to leverage trustworthy public randomness online, and the new collaborative governance will only improve its ability to do so. We're excited to watch drand help prevent bias and detect manipulation in elections, lotteries, and distributed ledger platforms, and improve the Internet for generations to come." Ryan Spanier, VP of Innovation at Kudelski Security, said,"We are excited to launch the next iteration of the drand network, and are proud to provide three secure, trusted sources of randomness fully monitored by our Cyber Fusion Center. Issues in randomness generation remain among the most common vulnerabilities uncovered by our cryptography audit teams and we hope that drand will contribute to build a safer digital space." Randomness is crucial for nearly every sector of modern society from voting systems and traffic management to financial services and secure communications. In order for public randomness to be practical, it needs to be unpredictable, verifiable, bias-resistant, decentralized, and always available, which drand achieves. To learn more about drand, visit their new website at https://drand.love/. About the League of Entropy The League of Entropy is a consortium of organizations that are working together to produce a truly random beacon. Members currently include C4DT, ChainSafe, cLabs, Cloudflare, Emerald Onion, EPFL, Ethereum Foundation, IC3, Kudelski Security, Protocol Labs, PTisp, Tierion, UCLand the University of Chile. Every other existing randomness beacon is generated by an individual entity, which means that an adversary would need to take control of only one party to tamper with randomness. This is the first time ever that a randomness beacon is run by several organizations in concert. The League of Entropy has created a global unbiased beacon that can be cryptographically verified, an industry first. SOURCE The League of Entropy
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The League of Entropy Launches Production Drand Network, Providing the First Publicly Verifiable Distributed Randomness Beacon Consortium upgrades system, expands membership to protect a verifiable, decentralized source of randomness; Filecoin becomes first production user
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WASHINGTON, Aug. 10, 2020 /PRNewswire/ --Today a consortium of technology companies and universities launched an upgraded public randomness network. Drand is a distributed randomness beacon that generates verifiable, unpredictable, and unbiasable random numbers as a service available for all. Drand's largest deployment is known as the League of Entropy, and its founding members include Cloudflare, cole polytechnique fdrale de Lausanne (EPFL), Kudelski Security, Protocol Labs, and the University of Chile. With the upgraded drand network, the consortium also announced its expanded member list, now also including C4DT, ChainSafe, cLabs, Emerald Onion, Ethereum Foundation, IC3, PTisp, Tierion,and UCL, and a new model of collaborative governanceto better protect drand for its users. The upgrade to drand, which was initially developed by Nicolas Gailly at the DEDIS laboratory and first launched as an experimental research network in 2019, includes many new features and architecture improvements to make it a production-level service. The updates include a three-layered network architecture, deployment and network monitoring tools, a full specification and security model and more. Filecoin, Protocol Labs' decentralized storage network, is the first production user of drand. Drand's randomness values record the consensus of all clients on the correct history of the Filecoin blockchain and powers the leader elections that decide which miner will publish a new block to the blockchain, which ensures the Filecoin blockchain continues to grow. The League of Entropy believes that drand can become a fundamental internet service. David Dias, P2P Software Engineer and Researcher at Protocol Labs, said, "We're thrilled to make the upgraded drand network available for the world to access. Drand has the potential to transform the internet as we know it by offering an unbiasable and publicly verifiable randomness beacon. We look forward to seeing how drand gets used by mission critical and high value operations, such as new blockchain systems, like Filecoin." Nick Sullivan, Head of Research at Cloudflare, said, "The League of Entropy is creating the basis for future systems to leverage trustworthy public randomness online, and the new collaborative governance will only improve its ability to do so. We're excited to watch drand help prevent bias and detect manipulation in elections, lotteries, and distributed ledger platforms, and improve the Internet for generations to come." Ryan Spanier, VP of Innovation at Kudelski Security, said,"We are excited to launch the next iteration of the drand network, and are proud to provide three secure, trusted sources of randomness fully monitored by our Cyber Fusion Center. Issues in randomness generation remain among the most common vulnerabilities uncovered by our cryptography audit teams and we hope that drand will contribute to build a safer digital space." Randomness is crucial for nearly every sector of modern society from voting systems and traffic management to financial services and secure communications. In order for public randomness to be practical, it needs to be unpredictable, verifiable, bias-resistant, decentralized, and always available, which drand achieves. To learn more about drand, visit their new website at https://drand.love/. About the League of Entropy The League of Entropy is a consortium of organizations that are working together to produce a truly random beacon. Members currently include C4DT, ChainSafe, cLabs, Cloudflare, Emerald Onion, EPFL, Ethereum Foundation, IC3, Kudelski Security, Protocol Labs, PTisp, Tierion, UCLand the University of Chile. Every other existing randomness beacon is generated by an individual entity, which means that an adversary would need to take control of only one party to tamper with randomness. This is the first time ever that a randomness beacon is run by several organizations in concert. The League of Entropy has created a global unbiased beacon that can be cryptographically verified, an industry first. SOURCE The League of Entropy
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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)--Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of STAAR Surgical Company (NASDAQ: STAA) between February 26, 2020 and August 10, 2020, inclusive (the Class Period). The lawsuit seeks to recover damages for STAAR investors under the federal securities laws. To join the STAAR class action, go to http://www.rosenlegal.com/cases-register-1924.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. NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTORS ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF. According to the lawsuit, defendants throughout the Class Period misrepresented and/or failed to disclose to investors that STAAR was overstating and/or mischaracterizing: (1) its sales and growth in China; (2) its marketing spend; (3) its research and development expenses; and (4) as a result of the foregoing, defendants public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 19, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1924.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected]. 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/. Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. 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. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firms attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.
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EQUITY ALERT: ROSEN, A GLOBAL AND LEADING LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against STAAR Surgical Company STAA
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NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of STAAR Surgical Company (NASDAQ: STAA) between February 26, 2020 and August 10, 2020, inclusive (the Class Period). The lawsuit seeks to recover damages for STAAR investors under the federal securities laws. To join the STAAR class action, go to http://www.rosenlegal.com/cases-register-1924.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. NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTORS ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF. According to the lawsuit, defendants throughout the Class Period misrepresented and/or failed to disclose to investors that STAAR was overstating and/or mischaracterizing: (1) its sales and growth in China; (2) its marketing spend; (3) its research and development expenses; and (4) as a result of the foregoing, defendants public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 19, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1924.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected]. 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/. Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. 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. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firms attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.
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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: JACKSONVILLE, Fla., May 11, 2020 /PRNewswire/ -- The American Society for Preventive Cardiology (ASPC) is collaborating with INTERVENT International (INTERVENT) to provide its members and their patients free access to INTERVENT's evidence-based, personalized, online/digital, educational resources and content. The collaboration is a patient-centered initiative to help adults play an active role in their own heart health during the COVID-19 pandemic, including heart attack/stroke prevention and recovery after a cardiac event. As emphasized in a recent ASPC scientific statement, adults who fare poorly with COVID-19 infection more commonly have risk factors for (e.g., high blood pressure, obesity and diabetes) and/or known cardiovascular disease. Moreover, while it is especially important to lead a healthy lifestyle and manage chronic medical conditions during COVID-19, traditional outpatient care services have been significantly disrupted. Many patients are delaying or deferring necessary care, including preventive care. In addition, social distancing has negatively altered physical activity and eating habits in many adults and is contributing to higher-than-usual stress levels. To make things worse, virtually all facility-based cardiac rehabilitation programs for those who have recently experienced a cardiac event (e.g., heart attack, angioplasty/stent, bypass surgery) have temporarily closed. If not promptly addressed, such changes are likely to adversely impact cardiovascular health. In response to these challenges, as part of the ASPC/INTERVENT collaboration individuals can sign up for free at https://www.myintervent.com/aspc to: Take an online health assessment and receive personalized feedback/educational content Enroll in a self-help/digital, online lifestyle management and cardiovascular disease risk reduction program Participate in monthly live group webinars The educational services are designed to help individuals make and adhere to meaningful lifestyle changes, better manage their risk factors for heart disease and stroke and, if needed, recover more successfully from a recent cardiac event. Topics include understanding heart disease, preventing and managing risk factors for heart disease, nutrition, exercise/physical activity, weight management, stress management and smoking cessation. The services are to be used as a supplement to, and not a replacement for, the advice of a physician or other healthcare provider. According to Dr. Amit Khera, president of ASPC and lead author of the recent ASPC COVID-19-related scientific statement, "There is an urgent need during these unprecedented times to deploy innovative, evidence-based approaches to promote and preserve the health of populations at higher risk of cardiovascular disease. Given the fundamental importance of lifestyle management and other proven cardiovascular disease risk reduction strategies, we are pleased to play a role in providing ASPC's members and their patients free access to credible educational content and resources for use as a supplement to their usual medical care." Dr. Neil Gordon, co-founder and chief executive officer of INTERVENT, said, "The ASPC is to be complimented on the leadership role it is playing on multiple fronts to benefit society during the COVID-19 pandemic. Under the best of circumstances, it can be very challenging for many people to lead a healthy lifestyle and take other steps needed to prevent or better manage heart disease. We are especially proud to collaborate with the ASPC during this global crisis to help benefit the health and wellbeing of as many people as possible by leveraging some of our proven online/digital lifestyle management and cardiovascular disease risk reduction resources." About the American Society for Preventive Cardiology The ASPC, founded in 1985, represents a multidisciplinary group of healthcare practitioners and researchers who share an interest in and a passion for preventive cardiology. A vision of the society is to interface with all other organizations involved with treatment and prevention of cardiovascular disease. For more information, visithttps://www.aspconline.org. About INTERVENT International INTERVENT International, founded in 1997, is a physician-led, global, technology-driven behavior change and population health management company that provides its services primarily via digital and telehealth approaches. INTERVENT develops, licenses and provides evidence-based, technology-enabled, data-driven programs for the prevention and management of multiple chronic diseases and cost-drivers. INTERVENT's programs have been proven effective in more than 100 published scientific abstracts and manuscripts, including randomized and independently-conducted clinical trials published in prestigious peer-reviewed scientific journals. For more information, visit https://www.interventhealth.com or email [emailprotected]. SOURCE The American Society for Preventive Cardiology Related Links www.aspconline.org
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The American Society for Preventive Cardiology and INTERVENT International Collaborate to Help Patients Lead a Healthy Lifestyle During COVID-19 Pandemic
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JACKSONVILLE, Fla., May 11, 2020 /PRNewswire/ -- The American Society for Preventive Cardiology (ASPC) is collaborating with INTERVENT International (INTERVENT) to provide its members and their patients free access to INTERVENT's evidence-based, personalized, online/digital, educational resources and content. The collaboration is a patient-centered initiative to help adults play an active role in their own heart health during the COVID-19 pandemic, including heart attack/stroke prevention and recovery after a cardiac event. As emphasized in a recent ASPC scientific statement, adults who fare poorly with COVID-19 infection more commonly have risk factors for (e.g., high blood pressure, obesity and diabetes) and/or known cardiovascular disease. Moreover, while it is especially important to lead a healthy lifestyle and manage chronic medical conditions during COVID-19, traditional outpatient care services have been significantly disrupted. Many patients are delaying or deferring necessary care, including preventive care. In addition, social distancing has negatively altered physical activity and eating habits in many adults and is contributing to higher-than-usual stress levels. To make things worse, virtually all facility-based cardiac rehabilitation programs for those who have recently experienced a cardiac event (e.g., heart attack, angioplasty/stent, bypass surgery) have temporarily closed. If not promptly addressed, such changes are likely to adversely impact cardiovascular health. In response to these challenges, as part of the ASPC/INTERVENT collaboration individuals can sign up for free at https://www.myintervent.com/aspc to: Take an online health assessment and receive personalized feedback/educational content Enroll in a self-help/digital, online lifestyle management and cardiovascular disease risk reduction program Participate in monthly live group webinars The educational services are designed to help individuals make and adhere to meaningful lifestyle changes, better manage their risk factors for heart disease and stroke and, if needed, recover more successfully from a recent cardiac event. Topics include understanding heart disease, preventing and managing risk factors for heart disease, nutrition, exercise/physical activity, weight management, stress management and smoking cessation. The services are to be used as a supplement to, and not a replacement for, the advice of a physician or other healthcare provider. According to Dr. Amit Khera, president of ASPC and lead author of the recent ASPC COVID-19-related scientific statement, "There is an urgent need during these unprecedented times to deploy innovative, evidence-based approaches to promote and preserve the health of populations at higher risk of cardiovascular disease. Given the fundamental importance of lifestyle management and other proven cardiovascular disease risk reduction strategies, we are pleased to play a role in providing ASPC's members and their patients free access to credible educational content and resources for use as a supplement to their usual medical care." Dr. Neil Gordon, co-founder and chief executive officer of INTERVENT, said, "The ASPC is to be complimented on the leadership role it is playing on multiple fronts to benefit society during the COVID-19 pandemic. Under the best of circumstances, it can be very challenging for many people to lead a healthy lifestyle and take other steps needed to prevent or better manage heart disease. We are especially proud to collaborate with the ASPC during this global crisis to help benefit the health and wellbeing of as many people as possible by leveraging some of our proven online/digital lifestyle management and cardiovascular disease risk reduction resources." About the American Society for Preventive Cardiology The ASPC, founded in 1985, represents a multidisciplinary group of healthcare practitioners and researchers who share an interest in and a passion for preventive cardiology. A vision of the society is to interface with all other organizations involved with treatment and prevention of cardiovascular disease. For more information, visithttps://www.aspconline.org. About INTERVENT International INTERVENT International, founded in 1997, is a physician-led, global, technology-driven behavior change and population health management company that provides its services primarily via digital and telehealth approaches. INTERVENT develops, licenses and provides evidence-based, technology-enabled, data-driven programs for the prevention and management of multiple chronic diseases and cost-drivers. INTERVENT's programs have been proven effective in more than 100 published scientific abstracts and manuscripts, including randomized and independently-conducted clinical trials published in prestigious peer-reviewed scientific journals. For more information, visit https://www.interventhealth.com or email [emailprotected]. SOURCE The American Society for Preventive Cardiology Related Links www.aspconline.org
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edtsum7297
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: VANCOUVER, BC, March 2, 2021 /PRNewswire/ -RYU Apparel Inc. (TSXV: RYU) (OTC:QB RYPPF) (FWB: RYAA) ("RYU" or the "Company"), creator of award-winning urban athletic apparel, is pleased to announce it has provided a sponsorship to amateur heavyweight boxer Dima Sumchenko on his bid to qualify for the 2021 Tokyo Olympic Games. A Vancouver native, Mr. Sumchenko has competed in the sport of boxing since the age of 12. He is a coach and trainer at the Eastside Boxing Club, a not-for-profit organization. Mr.Sumchenko is also the 2020, 91kg British ColumbiaProvincial Champion. RYU CEO Cesare Fazari and boxer Dima Sumchenko (CNW Group/RYU Apparel Inc.) Other Boxing AchievementsInclude: 44 Time Western Ballroom Gold Medalist 2013, 64kg Provincial Champion 2013 Bronze Gloves Tournament Champion 2014, 70kg Provincial Champion 2014 Silver Gloves Tournament Champion 2015 Golden Gloves Tournament Champion 2020 Provincial Heavyweight Champion 2020 Olympic Qualifier champion As a result of his career success, Mr. Sumchenko was selected to take part in the 10-Day Canadian Boxing Olympic Qualifying Training Camp held this week in Montreal. While seeking sponsorship to help cover his flights, food and accommodation costs for the camp, Mr. Sumchenko launched a crowdfunding campaign on the popular Go Fund Me platform. When RYU's team caught wind of the local story, the team wanted to support Mr. Sumchenko's pursuit of Olympic glory. Alongside providing performance training apparel and gear, RYU provided the final $2500 required in Mr. Dima Sumchenko's Go Fund Me campaign to reach the target funds necessary to seize an opportunity that athletes dream of their entire career. Says RYU CEO Cesare Fazari, "I cansay with certainty that supporting an athlete like Dimais why we do what we doat RYU. Our team respects any athlete committed to their goal. The Olympics arethe highest aspiration of many athletes,and the years of dedication and sacrifice are second to none. Dima is an inspiration to our team and his own students.We're behind him all the way!"Says Dima Sumchenko, "I'm humbled by the generosity of the RYU team. I've been a big fan of their products and brand for years. My dream is to show my students, province and country that anything is possible if you work hard, stay dedicated and show respect. The sponsorship allowed me to focus on just my training during this intense and crucial part of the qualifying process and I'm forever grateful!" About RYU ApparelRYU Apparel (TSXV: RYU,OTCQB: RYPPF), or Respect Your Universe, is anaward-winning urban athletic apparel and accessories brand engineered for the fitness, performance and lifestyle of the athletic man and woman. Designed without compromise for fit, comfort, and durability, RYU exists to facilitate optimal human performance.For more information, please visit the RYU website at: http://ryu.comForward Looking Statements DisclaimerNeither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.This news release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of RYU. There are numerous risks and uncertainties that could cause actual results and RYU's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions resulting in the inability of RYU to raise necessary financing required to enter and make payments under the proposed definitive agreements; (ii) the inability of RYU to obtain any necessary approvals in respect of the proposed agreements, including approvals necessary for the issuance of the RSU's; and (iii) inability to restructure and transform its business as required. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking statements are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, RYU does not intend to update these forward-looking statements. SOURCE RYU Apparel Inc. Related Links www.ryu.com
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RYU Apparel Inc. Sponsors Canadian Olympic Heavyweight Boxing Hopeful Dima Sumchenko
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VANCOUVER, BC, March 2, 2021 /PRNewswire/ -RYU Apparel Inc. (TSXV: RYU) (OTC:QB RYPPF) (FWB: RYAA) ("RYU" or the "Company"), creator of award-winning urban athletic apparel, is pleased to announce it has provided a sponsorship to amateur heavyweight boxer Dima Sumchenko on his bid to qualify for the 2021 Tokyo Olympic Games. A Vancouver native, Mr. Sumchenko has competed in the sport of boxing since the age of 12. He is a coach and trainer at the Eastside Boxing Club, a not-for-profit organization. Mr.Sumchenko is also the 2020, 91kg British ColumbiaProvincial Champion. RYU CEO Cesare Fazari and boxer Dima Sumchenko (CNW Group/RYU Apparel Inc.) Other Boxing AchievementsInclude: 44 Time Western Ballroom Gold Medalist 2013, 64kg Provincial Champion 2013 Bronze Gloves Tournament Champion 2014, 70kg Provincial Champion 2014 Silver Gloves Tournament Champion 2015 Golden Gloves Tournament Champion 2020 Provincial Heavyweight Champion 2020 Olympic Qualifier champion As a result of his career success, Mr. Sumchenko was selected to take part in the 10-Day Canadian Boxing Olympic Qualifying Training Camp held this week in Montreal. While seeking sponsorship to help cover his flights, food and accommodation costs for the camp, Mr. Sumchenko launched a crowdfunding campaign on the popular Go Fund Me platform. When RYU's team caught wind of the local story, the team wanted to support Mr. Sumchenko's pursuit of Olympic glory. Alongside providing performance training apparel and gear, RYU provided the final $2500 required in Mr. Dima Sumchenko's Go Fund Me campaign to reach the target funds necessary to seize an opportunity that athletes dream of their entire career. Says RYU CEO Cesare Fazari, "I cansay with certainty that supporting an athlete like Dimais why we do what we doat RYU. Our team respects any athlete committed to their goal. The Olympics arethe highest aspiration of many athletes,and the years of dedication and sacrifice are second to none. Dima is an inspiration to our team and his own students.We're behind him all the way!"Says Dima Sumchenko, "I'm humbled by the generosity of the RYU team. I've been a big fan of their products and brand for years. My dream is to show my students, province and country that anything is possible if you work hard, stay dedicated and show respect. The sponsorship allowed me to focus on just my training during this intense and crucial part of the qualifying process and I'm forever grateful!" About RYU ApparelRYU Apparel (TSXV: RYU,OTCQB: RYPPF), or Respect Your Universe, is anaward-winning urban athletic apparel and accessories brand engineered for the fitness, performance and lifestyle of the athletic man and woman. Designed without compromise for fit, comfort, and durability, RYU exists to facilitate optimal human performance.For more information, please visit the RYU website at: http://ryu.comForward Looking Statements DisclaimerNeither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.This news release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of RYU. There are numerous risks and uncertainties that could cause actual results and RYU's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions resulting in the inability of RYU to raise necessary financing required to enter and make payments under the proposed definitive agreements; (ii) the inability of RYU to obtain any necessary approvals in respect of the proposed agreements, including approvals necessary for the issuance of the RSU's; and (iii) inability to restructure and transform its business as required. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking statements are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, RYU does not intend to update these forward-looking statements. SOURCE RYU Apparel Inc. Related Links www.ryu.com
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edtsum7298
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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 ALTOS, Calif., Jan. 21, 2021 /PRNewswire/ --Contrast Security, the leading developer-centric application security software company, today announced Zurich North America Insurance (Zurich), one of the largest providers of insurance solutions and services, uses Contrast Security to secure applications in development that are critical linchpins in its digital transformation strategy. The collaboration provides Zurich software developers needed tools for writing secure code faster and collaborating with application security peers to reduce application risk. "Protecting the information of our customers, our third-party collaborators, and our own systems is a top priority for Zurich North America," said Adam Page, Chief Information Security Officer (CISO) at Zurich North America. "Our applications enable us to deliver differentiated experiences, and our collaboration with Contrast empowers us to shift left by identifying software code issues earlier in the pipeline and in real time with easy-to-follow results." The applications secured by Contrast Security are used by Zurich North America customers and its employees. Contrast helps Zurich's development team to address the challenges of today's advanced threat landscape in real time by automating and streamlining application security. "Contrast takes an innovative approach to application security that enables our developers to work smarter and focus on threats that pose the greatest risk," said Esther Speckhart, the Business Information Security Officer (BISO) at Zurich. "The early adoption of Contrast Security by Zurich North America is the first step in what will soon be a larger rollout across Zurich as part of our ongoing digital transformation," said Paige Adams, Zurich's Global Chief Information Security Officer. "Digital transformation has been and continues to be the primary goal for Zurich as we move forward into the new year." "Prominent insurance providers like Zurich are aggressively driving digital innovation to improve customer experiences and accelerate business growth," said Surag Patel, Chief Strategy Officer at Contrast Security. "Therefore, with substantially more software being created at accelerated speeds and the increasing focus of malicious attackers on the software, the risk of software vulnerabilities in applications has never been greater. Yet, legacy application security approaches simply are unable to keep pace with the speed and agility demanded by modern software development. Contrast transforms application security by using an automated approach via instrumentation to embed security observability into the software development process. This virtually eliminates false positives while empowering developers to detect and remediate vulnerabilities without specialized application security skills." About Contrast Security Contrast Security is the leader in modernized application security, embedding code analysis and attack prevention directly into software. Contrast's patented deep security instrumentation completely disrupts traditional application security approaches with integrated, comprehensive security observability that delivers highly accurate assessment and continuous protection of an entire application portfolio. This eliminates the need for disruptive scanning, expensive infrastructure workloads, and specialized security experts. The Contrast Application Security Platform accelerates development cycles, improves efficiencies and cost, and enables rapid scale while protecting applications from known and unknown threats. About Zurich North America Zurich North America is one of the latest providers of insurance solutions and services to businesses and individuals. Its customers represent industries ranging from agriculture to technology and include more than 90 percent of the Fortune 500. Zurich backed the building of some of the most recognizable structures in North America from the Hoover Dam to the Confederation Bridge. Its North American, LEED Platform headquarters is located in the Chicago area. Zurich employs approximately 9,000 people in North America and has offices throughout the U.S. and Canada. CONTACT:Contrast SecurityPatrick Spencer[emailprotected]888-371-1333 Related Links Contrast Security SOURCE Contrast Security
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Contrast Security Empowers Zurich to Secure Its Digital Transformation Efforts USA - English USA - English
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LOS ALTOS, Calif., Jan. 21, 2021 /PRNewswire/ --Contrast Security, the leading developer-centric application security software company, today announced Zurich North America Insurance (Zurich), one of the largest providers of insurance solutions and services, uses Contrast Security to secure applications in development that are critical linchpins in its digital transformation strategy. The collaboration provides Zurich software developers needed tools for writing secure code faster and collaborating with application security peers to reduce application risk. "Protecting the information of our customers, our third-party collaborators, and our own systems is a top priority for Zurich North America," said Adam Page, Chief Information Security Officer (CISO) at Zurich North America. "Our applications enable us to deliver differentiated experiences, and our collaboration with Contrast empowers us to shift left by identifying software code issues earlier in the pipeline and in real time with easy-to-follow results." The applications secured by Contrast Security are used by Zurich North America customers and its employees. Contrast helps Zurich's development team to address the challenges of today's advanced threat landscape in real time by automating and streamlining application security. "Contrast takes an innovative approach to application security that enables our developers to work smarter and focus on threats that pose the greatest risk," said Esther Speckhart, the Business Information Security Officer (BISO) at Zurich. "The early adoption of Contrast Security by Zurich North America is the first step in what will soon be a larger rollout across Zurich as part of our ongoing digital transformation," said Paige Adams, Zurich's Global Chief Information Security Officer. "Digital transformation has been and continues to be the primary goal for Zurich as we move forward into the new year." "Prominent insurance providers like Zurich are aggressively driving digital innovation to improve customer experiences and accelerate business growth," said Surag Patel, Chief Strategy Officer at Contrast Security. "Therefore, with substantially more software being created at accelerated speeds and the increasing focus of malicious attackers on the software, the risk of software vulnerabilities in applications has never been greater. Yet, legacy application security approaches simply are unable to keep pace with the speed and agility demanded by modern software development. Contrast transforms application security by using an automated approach via instrumentation to embed security observability into the software development process. This virtually eliminates false positives while empowering developers to detect and remediate vulnerabilities without specialized application security skills." About Contrast Security Contrast Security is the leader in modernized application security, embedding code analysis and attack prevention directly into software. Contrast's patented deep security instrumentation completely disrupts traditional application security approaches with integrated, comprehensive security observability that delivers highly accurate assessment and continuous protection of an entire application portfolio. This eliminates the need for disruptive scanning, expensive infrastructure workloads, and specialized security experts. The Contrast Application Security Platform accelerates development cycles, improves efficiencies and cost, and enables rapid scale while protecting applications from known and unknown threats. About Zurich North America Zurich North America is one of the latest providers of insurance solutions and services to businesses and individuals. Its customers represent industries ranging from agriculture to technology and include more than 90 percent of the Fortune 500. Zurich backed the building of some of the most recognizable structures in North America from the Hoover Dam to the Confederation Bridge. Its North American, LEED Platform headquarters is located in the Chicago area. Zurich employs approximately 9,000 people in North America and has offices throughout the U.S. and Canada. CONTACT:Contrast SecurityPatrick Spencer[emailprotected]888-371-1333 Related Links Contrast Security SOURCE Contrast Security
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edtsum7302
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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: NETANYA, Israel, July 29, 2020 /PRNewswire/ -- CAPS Medical, developer of a highly selective and minimally invasive non-thermal plasma device for cancer treatment, today announced the completion of a $3.5 million Series A financing round. The round will enable CAPS Medical to perform its first clinical trial and assist the company in further developing its portfolio for treatments of solid tumors. The company, founded in 2018 by MEDX Xelerator, an Israeli Innovation Authority incubator, expects that the results of these studies will contribute to achieving regulatory clearance in the U.S. market. Harel Gadot, Company Group Chairman of MEDX Ventures Group, and Executive Chairman of XACT Robotics, will serve as the Executive Chairman of CAPS Medical's board of directors. The financing round was led by Chasing Value Asset Management and the Los Angeles-basedIsrael Investment Fund Group (IIFG). Other investors that participated in the round include theTechnion Research and Development FoundationandXACT Robotics, a portfolio company ofMEDX Ventures Group, who will also add strategic capabilities to enhance the company's solid tumor treatments portfolio capabilities. "CAPS Medical is answering a need within the cancer care ecosystem. By minimizing non-thermal plasma technology, CAPS Medical will provide oncologists with a treatment option that can selectively target cancer cells with greater precision and fewer side effects than many current treatment options," said Sheldon Liber, CEO of Chasing Value Asset Management. "We believe CAPS Medical is on the cusp of the next revolution in cancer care, and we look forward to helping the company progress through its clinical trials towards eventual FDA clearance." "IIFG prides itself on investing in the most promising startups that Israel has to offer," said Dr. Hiri Etessami, co-founder of Israel Investment Fund Group. "We identified CAPS and its breakthrough technology early on and based on the company's answer to an important unmet need, we became the first to commit to this financing round. We are delighted to venture into the medical device market with CAPS Medical and look forward to working with the management team and the company's partners to improve oncology care worldwide." Since its inception, CAPS Medical has been supported by MEDX Xelerator, withBoston Scientificand MEDX Ventures Group, partners in the incubator, being the major shareholders in the company. Originally developed in The Technion - Israel Institute of Technology's Plasma Lab in collaboration with Rambam Health Care Campus, the technology was translated into a product by CAPS Medical team, led by Ilan Uchitel at the MEDX Xelerator. CAPS Medical became the first to have miniaturized non-thermal atmospheric plasma technology to produce a consistent stream of non-thermal plasma, meeting the size requirements for minimally invasive surgical access through existing tools. CAPS Medical's platform is designed to treat solid tumors through minimally invasive procedures, attacking cancer cells without damaging surrounding healthy tissue. The application of non-thermal plasma directly targets and kills cancer cells and subsequently triggers an immune response that enables the body to target additional tumor-specific cells in the body in a cascade effect. "We are honored to receive the support and trust of our world-renowned investors, during what has been an unprecedented time in the world. With the strength of our new investors, and the close collaboration with XACT Robotics, we are committed to enhancing internal solid tumor treatment via highly selective and minimally invasive non-thermal plasma treatment to elevate the standard of care for treating internal solid tumors," said Ilan Uchitel, CEO of CAPS Medical. About CAPS Medical Founded in 2018, CAPS Medical has created a highly selective Non-Thermal Atmospheric Plasma cancer treatment device, able to treat a wide range of solid tumors without impacting surrounding tissue. CAPS Medical addresses the $100 billion oncology market. For more information, visitwww.capsmedical.com. Follow CAPS Medical onLinkedIn. Media Contact: Ido AtiyaGlobal Image Communicationstel: +972-3-6880908fax: 972-73-7255162cell: +972-54-4289205 SOURCE CAPS Medical
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CAPS Medical Completes $3.5 Million Series A Round for Selective Cancer Treatment Technology English English Funding Will Support the Company's First Clinical Trial on its Path to Regulatory Clearance
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NETANYA, Israel, July 29, 2020 /PRNewswire/ -- CAPS Medical, developer of a highly selective and minimally invasive non-thermal plasma device for cancer treatment, today announced the completion of a $3.5 million Series A financing round. The round will enable CAPS Medical to perform its first clinical trial and assist the company in further developing its portfolio for treatments of solid tumors. The company, founded in 2018 by MEDX Xelerator, an Israeli Innovation Authority incubator, expects that the results of these studies will contribute to achieving regulatory clearance in the U.S. market. Harel Gadot, Company Group Chairman of MEDX Ventures Group, and Executive Chairman of XACT Robotics, will serve as the Executive Chairman of CAPS Medical's board of directors. The financing round was led by Chasing Value Asset Management and the Los Angeles-basedIsrael Investment Fund Group (IIFG). Other investors that participated in the round include theTechnion Research and Development FoundationandXACT Robotics, a portfolio company ofMEDX Ventures Group, who will also add strategic capabilities to enhance the company's solid tumor treatments portfolio capabilities. "CAPS Medical is answering a need within the cancer care ecosystem. By minimizing non-thermal plasma technology, CAPS Medical will provide oncologists with a treatment option that can selectively target cancer cells with greater precision and fewer side effects than many current treatment options," said Sheldon Liber, CEO of Chasing Value Asset Management. "We believe CAPS Medical is on the cusp of the next revolution in cancer care, and we look forward to helping the company progress through its clinical trials towards eventual FDA clearance." "IIFG prides itself on investing in the most promising startups that Israel has to offer," said Dr. Hiri Etessami, co-founder of Israel Investment Fund Group. "We identified CAPS and its breakthrough technology early on and based on the company's answer to an important unmet need, we became the first to commit to this financing round. We are delighted to venture into the medical device market with CAPS Medical and look forward to working with the management team and the company's partners to improve oncology care worldwide." Since its inception, CAPS Medical has been supported by MEDX Xelerator, withBoston Scientificand MEDX Ventures Group, partners in the incubator, being the major shareholders in the company. Originally developed in The Technion - Israel Institute of Technology's Plasma Lab in collaboration with Rambam Health Care Campus, the technology was translated into a product by CAPS Medical team, led by Ilan Uchitel at the MEDX Xelerator. CAPS Medical became the first to have miniaturized non-thermal atmospheric plasma technology to produce a consistent stream of non-thermal plasma, meeting the size requirements for minimally invasive surgical access through existing tools. CAPS Medical's platform is designed to treat solid tumors through minimally invasive procedures, attacking cancer cells without damaging surrounding healthy tissue. The application of non-thermal plasma directly targets and kills cancer cells and subsequently triggers an immune response that enables the body to target additional tumor-specific cells in the body in a cascade effect. "We are honored to receive the support and trust of our world-renowned investors, during what has been an unprecedented time in the world. With the strength of our new investors, and the close collaboration with XACT Robotics, we are committed to enhancing internal solid tumor treatment via highly selective and minimally invasive non-thermal plasma treatment to elevate the standard of care for treating internal solid tumors," said Ilan Uchitel, CEO of CAPS Medical. About CAPS Medical Founded in 2018, CAPS Medical has created a highly selective Non-Thermal Atmospheric Plasma cancer treatment device, able to treat a wide range of solid tumors without impacting surrounding tissue. CAPS Medical addresses the $100 billion oncology market. For more information, visitwww.capsmedical.com. Follow CAPS Medical onLinkedIn. Media Contact: Ido AtiyaGlobal Image Communicationstel: +972-3-6880908fax: 972-73-7255162cell: +972-54-4289205 SOURCE CAPS Medical
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edtsum7307
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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)--Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of JOYY Inc. (NASDAQ: YY) between April 28, 2016 and November 18, 2020, inclusive (the Class Period), of the important January 19, 2021 lead plaintiff deadline in the first filed securities class action lawsuit commenced by the firm. The lawsuit seeks to recover damages for JOYY investors under the federal securities laws. To join the JOYY class action, go to http://www.rosenlegal.com/cases-register-1988.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. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) JOYY dramatically overstated its revenues from live streaming sources; (2) the majority of users at any given time were bots; (3) JOYY utilized these bots to effect a roundtripping scheme that manufactured the false appearance of revenues; (4) JOYY overstated its cash reserves; (5) JOYYs acquisition of Bigo was largely contrived to benefit corporate insiders; and (6) as a result, defendants public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 19, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1988.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected]. NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTORS ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm. Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. 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. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firms attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.
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ROSEN, A RESPECTED LAW FIRM, Reminds JOYY Inc. Investors of Important January 19 Deadline in First Filed Securities Class Action Commenced by the Firm YY
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NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of JOYY Inc. (NASDAQ: YY) between April 28, 2016 and November 18, 2020, inclusive (the Class Period), of the important January 19, 2021 lead plaintiff deadline in the first filed securities class action lawsuit commenced by the firm. The lawsuit seeks to recover damages for JOYY investors under the federal securities laws. To join the JOYY class action, go to http://www.rosenlegal.com/cases-register-1988.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. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) JOYY dramatically overstated its revenues from live streaming sources; (2) the majority of users at any given time were bots; (3) JOYY utilized these bots to effect a roundtripping scheme that manufactured the false appearance of revenues; (4) JOYY overstated its cash reserves; (5) JOYYs acquisition of Bigo was largely contrived to benefit corporate insiders; and (6) as a result, defendants public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 19, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1988.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected]. NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTORS ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm. Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. 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. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firms attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.
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edtsum7310
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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. 20, 2020 /PRNewswire/ -- The "Sulfur hexafluoride Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Grade, End Users, and Geography" report has been added to ResearchAndMarkets.com's offering. The global sulfur hexafluoride market was valued at US$ 221.69 million in 2018 and is projected to reach US$ 354.04 million by 2027; it is expected to grow at a CAGR of 5.4% from 2019 to 2027.Sulfur hexafluoride (Sulfur hexafluoride) is non-toxic, inert, and potent greenhouse gas that possesses superior electrical insulation characteristics. Owing to its chemical inertness, and nontoxic, noncombustible, and noncorrosive nature, sulfur hexafluoride is largely used as an insulating and arc interruption agent in the power transmission and distribution industries as well as an etching agent in the electronics & semiconductors sector. This colorless and odorless gas is five-times heavier than air and exhibits a high dielectric strength and thermal stability. Sulfur hexafluoride has high demand in power, energy, electronic, medical, aerospace, and meteorology industries, among others.The sulfur hexafluoride market, based on end-user, is segmented into power and energy, electronics, metal manufacturing, medical, and others. The power and energy segment accounted for the largest share of the global market in 2018, whereas the market for electronics is expected to grow at the highest CAGR during the forecast period. Sulfur hexafluoride is mainly used as an insulating medium in a diverse range of high-voltage electrical and electronic equipment, including circuit breakers, switch gears, and particles accelerators. The conventional gas-insulated transmission lines are packed with sulfur hexafluoride gas to offer insulation during high-voltage power transmissions. The focus of the power and energy sector has now shifted to gas-insulated, high-voltage cables as well as tubular transmission lines for distribution high-power in heavily concentrated industrial areas.The Sulfur hexafluoride market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Asia Pacific held the largest share of the market in 2018, followed by North America. Continuous industrial development, coupled with rising government investments in upgrading the electrical and electronics infrastructure, fuels the sulfur hexafluoride market growth in Asia Pacific countries. Also, increasing investments in research and development pertaining to sulfur hexafluoride production would further boost the market growth in this region. India, China, and Japan are the frontrunners in the of sulfur hexafluoride market in Asia Pacific.Fujian Shaowu Yongfei Chemical Co., Ltd; SHOWA DENKO K.K.; Chemix Gases; Solvay S.A; Kanto Denka Kogyo Co., Ltd; Air Liquide; Concorde Specialty Gases Inc; Iwatani Corporation; Linde plc; and Matheson Tri-Gas, Inc.; are among the well-established players in the global sulfur hexafluoride market.Reasons to Buy Highlights key business priorities to assist companies realign their business strategies. Features key findings and crucial progressive industry trends in the global sulfur hexafluoride market, thereby allowing players to develop effective long-term strategies. Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets. Scrutinizes in-depth market trends as well as key market drivers and restraints. Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals. Key Topics Covered: 1. Introduction1.1 Study Scope1.2 Report Guidance1.3 Market Segmentation2. Key Takeaways3. Research Methodology3.1 Scope of the Study3.2 Research Methodology3.2.1 Data Collection:3.2.2 Primary Interviews:3.2.3 Hypothesis formulation:3.2.4 Macro-economic factor analysis:3.2.5 Developing base number:3.2.6 Data Triangulation:3.2.7 Country level data:4. Sulfur Hexafluoride Market Landscape4.1 Market Overview4.2 PEST Analysis4.2.1 North America PEST Analysis4.2.2 Europe PEST Analysis4.2.3 APAC PEST Analysis4.2.4 Middle East and Africa PEST Analysis4.2.5 South America PEST Analysis4.3 Expert Opinion5. Sulfur Hexafluoride Market - Key Market Dynamics5.1 Market Drivers5.1.1 High Adoption of Sulfur Hexafluoride from in Electronics Industry5.1.2 Several Applications of Sulfur Hexafluoride in Medical Equipment5.2 Market Restraints5.2.1 Environment and human hazards related to Sulfur Hexafluoride5.3 Market Opportunities5.3.1 HDVC transmission adoption in developing nations5.4 Future Trends5.4.1 Mitigating options pertaining to Sulfur hexafluoride emissions5.5 Impact Analysis Of Drivers And Restraints6. Sulfur Hexafluoride- Global Market Analysis6.1 Sulfur Hexafluoride Market Overview6.2 Sulfur Hexafluoride Market-Revenue and Forecast to 2027 (US$ Mn)6.3 Market Positioning - Global Market Players7. Global Sulfur Hexafluoride Market Analysis - By Grade7.1 Overview7.2 Sulfur Hexafluoride Market Breakdown, By Grade, 2018 & 20277.3 Electronic Grade7.3.1 Overview7.3.2 Electronic Grade in Sulfur Hexafluoride Market, Revenue Forecast to 2027 (US$ Mn)7.4 UHP Grade7.4.1 Overview7.4.2 UHP Grade in Sulfur Hexafluoride Market, Revenue and Forecast to 2027 (US$ Mn)7.5 Standard Grade7.5.1 Overview7.5.2 Standard Grade in Sulfur Hexafluoride Market, Revenue and Forecast to 2027 (US$ Mn)8. Global Sulfur Hexafluoride Market Analysis - By End Users8.1 Overview8.2 Sulfur Hexafluoride Market Breakdown, By End Users, 2018 &20278.3 Power and Energy8.3.1 Overview8.3.2 Power and Energy in Sulfur Hexafluoride Market, Revenue Forecast to 2027 (US$ Mn)8.4 Electronics8.4.1 Overview8.4.2 Electronics in Sulfur Hexafluoride Market, Revenue and Forecast to 2027 (US$ Mn)8.5 Metal Manufacturing8.5.1 Overview8.5.2 Metal Manufacturing in Sulfur Hexafluoride Market, Revenue and Forecast to 2027 (US$ Mn)8.6 Medical8.6.1 Overview8.6.2 Medical in Sulfur Hexafluoride Market, Revenue and Forecast to 2027 (US$ Mn)8.7 Others8.7.1 Overview8.7.2 Others in Sulfur Hexafluoride Market, Revenue and Forecast to 2027 (US$ Mn)9. Sulfur hexafluoride Market - Geographic Analysis9.1 Overview9.2 North America: Sulfur Hexafluoride Market9.3 Europe Sulfur hexafluoride Market Revenue Forecasts To 20279.4 APAC Sulfur Hexafluoride Market Revenue And Forecasts To 20279.5 Middle East and Africa Sulfur hexafluoride Market Revenue and Forecasts to 20279.6 South America Sulfur Hexafluoride Market Revenue And Forecasts To 202710. Impact of COVID-19 Pandemic on Global Sulfur Hexafluoride Market10.1 Overview10.2 North America: Impact Assessment of COVID-19 Pandemic10.3 Europe: Impact Assessment of COVID-19 Pandemic10.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic10.6 South America: Impact Assessment of COVID-19 Pandemic11. Company Profiles11.1 Fujian ShaowuYongfei Chemical Co., Ltd.11.1.1 Key Facts11.1.2 Business Description11.1.3 Products and Services11.1.4 Financial Overview11.1.5 SWOT Analysis11.2 SHOWA DENKO K.K.11.3 Chemix Gases11.4 Solvay S.A.11.5 Kanto Denka Kogyo Co., Ltd11.6 Air Liquide11.7 Concorde Specialty Gases Inc.11.8 Iwatani Corporation11.9 Linde plc11.10 Matheson Tri-Gas, Inc12. Appendix12.1 About the Publisher12.2 Word IndexFor more information about this report visit https://www.researchandmarkets.com/r/igtrfo 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
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Worldwide Sulfur Hexafluoride Industry to 2027 - HDVC Transmission Adoption in Developing Nations Presents Opportunities
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DUBLIN, Aug. 20, 2020 /PRNewswire/ -- The "Sulfur hexafluoride Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Grade, End Users, and Geography" report has been added to ResearchAndMarkets.com's offering. The global sulfur hexafluoride market was valued at US$ 221.69 million in 2018 and is projected to reach US$ 354.04 million by 2027; it is expected to grow at a CAGR of 5.4% from 2019 to 2027.Sulfur hexafluoride (Sulfur hexafluoride) is non-toxic, inert, and potent greenhouse gas that possesses superior electrical insulation characteristics. Owing to its chemical inertness, and nontoxic, noncombustible, and noncorrosive nature, sulfur hexafluoride is largely used as an insulating and arc interruption agent in the power transmission and distribution industries as well as an etching agent in the electronics & semiconductors sector. This colorless and odorless gas is five-times heavier than air and exhibits a high dielectric strength and thermal stability. Sulfur hexafluoride has high demand in power, energy, electronic, medical, aerospace, and meteorology industries, among others.The sulfur hexafluoride market, based on end-user, is segmented into power and energy, electronics, metal manufacturing, medical, and others. The power and energy segment accounted for the largest share of the global market in 2018, whereas the market for electronics is expected to grow at the highest CAGR during the forecast period. Sulfur hexafluoride is mainly used as an insulating medium in a diverse range of high-voltage electrical and electronic equipment, including circuit breakers, switch gears, and particles accelerators. The conventional gas-insulated transmission lines are packed with sulfur hexafluoride gas to offer insulation during high-voltage power transmissions. The focus of the power and energy sector has now shifted to gas-insulated, high-voltage cables as well as tubular transmission lines for distribution high-power in heavily concentrated industrial areas.The Sulfur hexafluoride market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Asia Pacific held the largest share of the market in 2018, followed by North America. Continuous industrial development, coupled with rising government investments in upgrading the electrical and electronics infrastructure, fuels the sulfur hexafluoride market growth in Asia Pacific countries. Also, increasing investments in research and development pertaining to sulfur hexafluoride production would further boost the market growth in this region. India, China, and Japan are the frontrunners in the of sulfur hexafluoride market in Asia Pacific.Fujian Shaowu Yongfei Chemical Co., Ltd; SHOWA DENKO K.K.; Chemix Gases; Solvay S.A; Kanto Denka Kogyo Co., Ltd; Air Liquide; Concorde Specialty Gases Inc; Iwatani Corporation; Linde plc; and Matheson Tri-Gas, Inc.; are among the well-established players in the global sulfur hexafluoride market.Reasons to Buy Highlights key business priorities to assist companies realign their business strategies. Features key findings and crucial progressive industry trends in the global sulfur hexafluoride market, thereby allowing players to develop effective long-term strategies. Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets. Scrutinizes in-depth market trends as well as key market drivers and restraints. Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals. Key Topics Covered: 1. Introduction1.1 Study Scope1.2 Report Guidance1.3 Market Segmentation2. Key Takeaways3. Research Methodology3.1 Scope of the Study3.2 Research Methodology3.2.1 Data Collection:3.2.2 Primary Interviews:3.2.3 Hypothesis formulation:3.2.4 Macro-economic factor analysis:3.2.5 Developing base number:3.2.6 Data Triangulation:3.2.7 Country level data:4. Sulfur Hexafluoride Market Landscape4.1 Market Overview4.2 PEST Analysis4.2.1 North America PEST Analysis4.2.2 Europe PEST Analysis4.2.3 APAC PEST Analysis4.2.4 Middle East and Africa PEST Analysis4.2.5 South America PEST Analysis4.3 Expert Opinion5. Sulfur Hexafluoride Market - Key Market Dynamics5.1 Market Drivers5.1.1 High Adoption of Sulfur Hexafluoride from in Electronics Industry5.1.2 Several Applications of Sulfur Hexafluoride in Medical Equipment5.2 Market Restraints5.2.1 Environment and human hazards related to Sulfur Hexafluoride5.3 Market Opportunities5.3.1 HDVC transmission adoption in developing nations5.4 Future Trends5.4.1 Mitigating options pertaining to Sulfur hexafluoride emissions5.5 Impact Analysis Of Drivers And Restraints6. Sulfur Hexafluoride- Global Market Analysis6.1 Sulfur Hexafluoride Market Overview6.2 Sulfur Hexafluoride Market-Revenue and Forecast to 2027 (US$ Mn)6.3 Market Positioning - Global Market Players7. Global Sulfur Hexafluoride Market Analysis - By Grade7.1 Overview7.2 Sulfur Hexafluoride Market Breakdown, By Grade, 2018 & 20277.3 Electronic Grade7.3.1 Overview7.3.2 Electronic Grade in Sulfur Hexafluoride Market, Revenue Forecast to 2027 (US$ Mn)7.4 UHP Grade7.4.1 Overview7.4.2 UHP Grade in Sulfur Hexafluoride Market, Revenue and Forecast to 2027 (US$ Mn)7.5 Standard Grade7.5.1 Overview7.5.2 Standard Grade in Sulfur Hexafluoride Market, Revenue and Forecast to 2027 (US$ Mn)8. Global Sulfur Hexafluoride Market Analysis - By End Users8.1 Overview8.2 Sulfur Hexafluoride Market Breakdown, By End Users, 2018 &20278.3 Power and Energy8.3.1 Overview8.3.2 Power and Energy in Sulfur Hexafluoride Market, Revenue Forecast to 2027 (US$ Mn)8.4 Electronics8.4.1 Overview8.4.2 Electronics in Sulfur Hexafluoride Market, Revenue and Forecast to 2027 (US$ Mn)8.5 Metal Manufacturing8.5.1 Overview8.5.2 Metal Manufacturing in Sulfur Hexafluoride Market, Revenue and Forecast to 2027 (US$ Mn)8.6 Medical8.6.1 Overview8.6.2 Medical in Sulfur Hexafluoride Market, Revenue and Forecast to 2027 (US$ Mn)8.7 Others8.7.1 Overview8.7.2 Others in Sulfur Hexafluoride Market, Revenue and Forecast to 2027 (US$ Mn)9. Sulfur hexafluoride Market - Geographic Analysis9.1 Overview9.2 North America: Sulfur Hexafluoride Market9.3 Europe Sulfur hexafluoride Market Revenue Forecasts To 20279.4 APAC Sulfur Hexafluoride Market Revenue And Forecasts To 20279.5 Middle East and Africa Sulfur hexafluoride Market Revenue and Forecasts to 20279.6 South America Sulfur Hexafluoride Market Revenue And Forecasts To 202710. Impact of COVID-19 Pandemic on Global Sulfur Hexafluoride Market10.1 Overview10.2 North America: Impact Assessment of COVID-19 Pandemic10.3 Europe: Impact Assessment of COVID-19 Pandemic10.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic10.6 South America: Impact Assessment of COVID-19 Pandemic11. Company Profiles11.1 Fujian ShaowuYongfei Chemical Co., Ltd.11.1.1 Key Facts11.1.2 Business Description11.1.3 Products and Services11.1.4 Financial Overview11.1.5 SWOT Analysis11.2 SHOWA DENKO K.K.11.3 Chemix Gases11.4 Solvay S.A.11.5 Kanto Denka Kogyo Co., Ltd11.6 Air Liquide11.7 Concorde Specialty Gases Inc.11.8 Iwatani Corporation11.9 Linde plc11.10 Matheson Tri-Gas, Inc12. Appendix12.1 About the Publisher12.2 Word IndexFor more information about this report visit https://www.researchandmarkets.com/r/igtrfo 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
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edtsum7315
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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)--Today Air Lease Corporation (NYSE: AL) announced a long-term lease placement for one used Airbus A320-200 aircraft with HiSky Moldova. Scheduled to deliver in April 2021, this is ALCs third Airbus A320 family aircraft placement with the Moldovan startup airline. We are pleased to announce this agreement to deliver our third Airbus A320 family aircraft to HiSky, said David Beker, Senior Vice President of Air Lease Corporation. This young A320 will be joining HiSkys all-ALC leased fleet of A319/A320 aircraft. Our team is honored that the leadership of HiSky has chosen to collaborate exclusively with ALC to launch their airline this year under challenging circumstances and we believe HiSky is well positioned for long-term growth and success. We are happy with the progress of our operations and the response that we got from our core markets. We launched the sales and flights from our base in Chisinau, Moldova and now we are one week away from starting flight operations in our second base: Cluj, Romania. We are grateful to Air Lease Corporation, our trustful partner, that has appropriate solutions and expertise to sustain our growth, said Iulian Scorpan, Chief Executive Officer of HiSky Moldova. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission. About Air Lease Corporation (NYSE: AL) ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. ALC routinely posts information that may be important to investors in the Investors section of ALCs website at www.airleasecorp.com. Investors and potential investors are encouraged to consult the ALC website regularly for important information about ALC. The information contained on, or that may be accessed through, ALCs website is not incorporated by reference into, and is not a part of, this press release. About HiSky Moldova HiSky was certified as a Moldovan air operator in January 2021 (AOC number MD-025) and as a Romanian air operator in December 2020 (AOC number RO-074). Between February and March 2021, the airline announced scheduled flights from four airports: Cluj, Satu Mare, Iasi and Chisinau and charter flights from Cluj, Targu Mures, Baia Mare and Oradea. On March 5, 2021, the Company executed its first commercial flight. The HiSky team consists of people with decades of experience in aviation. Additional information about HiSky can be found on the website www.hisky.aero.
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Air Lease Corporation Announces Lease Placement of Airbus A320-200 Aircraft with HiSky Moldova
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LOS ANGELES--(BUSINESS WIRE)--Today Air Lease Corporation (NYSE: AL) announced a long-term lease placement for one used Airbus A320-200 aircraft with HiSky Moldova. Scheduled to deliver in April 2021, this is ALCs third Airbus A320 family aircraft placement with the Moldovan startup airline. We are pleased to announce this agreement to deliver our third Airbus A320 family aircraft to HiSky, said David Beker, Senior Vice President of Air Lease Corporation. This young A320 will be joining HiSkys all-ALC leased fleet of A319/A320 aircraft. Our team is honored that the leadership of HiSky has chosen to collaborate exclusively with ALC to launch their airline this year under challenging circumstances and we believe HiSky is well positioned for long-term growth and success. We are happy with the progress of our operations and the response that we got from our core markets. We launched the sales and flights from our base in Chisinau, Moldova and now we are one week away from starting flight operations in our second base: Cluj, Romania. We are grateful to Air Lease Corporation, our trustful partner, that has appropriate solutions and expertise to sustain our growth, said Iulian Scorpan, Chief Executive Officer of HiSky Moldova. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission. About Air Lease Corporation (NYSE: AL) ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. ALC routinely posts information that may be important to investors in the Investors section of ALCs website at www.airleasecorp.com. Investors and potential investors are encouraged to consult the ALC website regularly for important information about ALC. The information contained on, or that may be accessed through, ALCs website is not incorporated by reference into, and is not a part of, this press release. About HiSky Moldova HiSky was certified as a Moldovan air operator in January 2021 (AOC number MD-025) and as a Romanian air operator in December 2020 (AOC number RO-074). Between February and March 2021, the airline announced scheduled flights from four airports: Cluj, Satu Mare, Iasi and Chisinau and charter flights from Cluj, Targu Mures, Baia Mare and Oradea. On March 5, 2021, the Company executed its first commercial flight. The HiSky team consists of people with decades of experience in aviation. Additional information about HiSky can be found on the website www.hisky.aero.
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edtsum7326
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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, May 20, 2020 /PRNewswire/ -- Evogene Ltd. (NASDAQ: EVGN) (TASE: EVGN.TA), a leading computational biology company targeting to revolutionize life-science product development across several market segments, announces today its rebranding. The new corporate identity reflects the company's expanded vision and new business model. "Evogene has undergone a significant transformation in its offering over the past years, and we are actively working to portray our expanded vision and strategy to the business and investment community. I believe that this new branding represents our new offering and will serve us extremely well in communicating this to the broader market," stated Ofer Haviv, President & CEO of Evogene. Established as a spin-off from Compugen Ltd. in 2002, Evogene was initially focused on applying its capabilities in computational biology in agriculture, and more specifically on improving seed traits based on genomic modification. Changes in the agriculture market and in consumer tastes and demand necessitated that Evogene broaden its vision and focus on several new target markets and segments. The significant capital raised in its 2013 IPO allowed the Company to execute this strategy, enhancing its technology and expanding to new market segments. In the years that followed, the Company's management took a series of steps that paved the path for its evolution. Two key decisions underlay this development; the first was expanding Evogene's technological capabilities in computational biology to include development of products based on microbes and small molecules, in addition to genomics, and the second was to expand Evogene's focus beyond agriculture, to human health. These decisions led to the creation of Evogene's amassed computational biology capabilities the CPB (Computational Predictive Biology) platform, which aims to substantially increase the probability of success, while reducing time and cost, of life-science product development. In parallel, the Company established diverse internal divisions, each leading the development of specific market-driven products while using the CPB platform as their competitive advantage. In 2018, Evogene announced the revision of its corporate structure to accommodate its new broadened activities. The Company began the execution of this plan by establishing new dedicated subsidiaries, based on the activities of its existing divisions, focusing on downstream product development. Four new subsidiaries were established in the areas of human health and agriculture, including (in order of establishment): Biomica, AgPlenus, Lavie Bio and Canonic, joining Evogene's previous subsidiary, Casterra. In parallel, Evogene continued to focus on improvements to its CPB platform, serving as a technological hub to be used by the whole group through licensing agreements. Mr. Haviv continued, "Today, Evogene provides tailor-made computational-biology solutions for the discovery and development of products based on microbes, small molecules and genetic elements for life-science based industries, including: human health, agriculture and industrial applications. "I believe that we are better-positioned than ever before to capture the value of our unique technology in two distinct ways through our existing collaborations and through our independent subsidiaries.We have several upcoming key milestones across our subsidiaries, which we believe will generate substantial value. Details on these milestones are available in our newly branded presentation, filed today. "We are now ready to continue to harness the power of our CPB platform through additional collaborations with strategic partners and to benefit as a shareholder from our subsidiaries as their value is unlocked and becomes apparent," Mr. Haviv concluded. About Evogene Ltd.: Evogene (NASDAQ: EVGN) (TASE: EVGN.TA) is a leading computational biology company targeting to revolutionize product development for life-science based industries, including human health, agriculture, and industrial applications. Incorporating a deep understanding of biology and leveraging Big Data and Artificial Intelligence, Evogene established its unique technology, the Computational Predictive Biology (CPB)platform. The CPB platform is designed to computationally discover and develop life-science products based on microbes, small molecules and genetic elements as the core components for such products. Evogene holds a number of subsidiaries utilizing the CPB platform, for the development ofhuman microbiome-based therapeutics, medical cannabis, ag-biologicals, ag-chemicals, seed traits and ag-solutions for castor oil production. For more information, please visit www.evogene.com Forward Looking Statements: This press release contains "forward-looking statements" relating to future events. These statements may be identified by words such as "may", "could", "expects", "intends", "anticipates", "plans", "believes", "scheduled", "estimates" or words of similar meaning. For example, Evogene is using forward-looking statements in this press releasewhen it discusses capturing thevalue of its technologies, entering into collaboration agreements and itsupcomingmilestones.Such statements are based on current expectations, estimates, projections and assumptions, describe opinions about future events, involve certain risks and uncertainties which are difficult to predict and are not guarantees of future performance. Therefore, actual future results, performance or achievements of Evogene and its subsidiaries may differ materially from what is expressed or implied by such forward-looking statements due to a variety of factors, many of which are beyond the control of Evogene and its subsidiaries, including, without limitation, the global spread of COVID-19, or the Coronavirus, the various restrictions deriving therefrom and those risk factors contained in Evogene's reports filed with the applicable securities authorities. In addition, Evogene and its subsidiaries rely, and expect to continue to rely, on third parties to conduct certain activities, such as their field-trials and pre-clinical studies, and if these third parties do not successfully carry out their contractual duties, comply with regulatory requirements or meet expected deadlines (including as a result of the effect of the Coronavirus), Evogene and its subsidiaries may experience significant delays in the conduct of their activities. Evogene and its subsidiaries disclaim any obligation or commitment to update these forward-looking statements to reflect future events or developments or changes in expectations, estimates, projections and assumptions. Evogene Investor Contact: US Investor Relations: Rivka Neufeld Joseph Green Investor Relations and Public Relations Manager Edison Group E: [emailprotected] E: [emailprotected] T: +972-8-931-1940 T: +1 646-653-7030 Laine Yonker Edison Group E: [emailprotected] T: +1 646-653-7035 SOURCE Evogene Related Links http://www.evogene.com
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Evogene Launches Its New Branding to Reflect the Company's Expanded Vision and New Business Model English English
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REHOVOT, Israel, May 20, 2020 /PRNewswire/ -- Evogene Ltd. (NASDAQ: EVGN) (TASE: EVGN.TA), a leading computational biology company targeting to revolutionize life-science product development across several market segments, announces today its rebranding. The new corporate identity reflects the company's expanded vision and new business model. "Evogene has undergone a significant transformation in its offering over the past years, and we are actively working to portray our expanded vision and strategy to the business and investment community. I believe that this new branding represents our new offering and will serve us extremely well in communicating this to the broader market," stated Ofer Haviv, President & CEO of Evogene. Established as a spin-off from Compugen Ltd. in 2002, Evogene was initially focused on applying its capabilities in computational biology in agriculture, and more specifically on improving seed traits based on genomic modification. Changes in the agriculture market and in consumer tastes and demand necessitated that Evogene broaden its vision and focus on several new target markets and segments. The significant capital raised in its 2013 IPO allowed the Company to execute this strategy, enhancing its technology and expanding to new market segments. In the years that followed, the Company's management took a series of steps that paved the path for its evolution. Two key decisions underlay this development; the first was expanding Evogene's technological capabilities in computational biology to include development of products based on microbes and small molecules, in addition to genomics, and the second was to expand Evogene's focus beyond agriculture, to human health. These decisions led to the creation of Evogene's amassed computational biology capabilities the CPB (Computational Predictive Biology) platform, which aims to substantially increase the probability of success, while reducing time and cost, of life-science product development. In parallel, the Company established diverse internal divisions, each leading the development of specific market-driven products while using the CPB platform as their competitive advantage. In 2018, Evogene announced the revision of its corporate structure to accommodate its new broadened activities. The Company began the execution of this plan by establishing new dedicated subsidiaries, based on the activities of its existing divisions, focusing on downstream product development. Four new subsidiaries were established in the areas of human health and agriculture, including (in order of establishment): Biomica, AgPlenus, Lavie Bio and Canonic, joining Evogene's previous subsidiary, Casterra. In parallel, Evogene continued to focus on improvements to its CPB platform, serving as a technological hub to be used by the whole group through licensing agreements. Mr. Haviv continued, "Today, Evogene provides tailor-made computational-biology solutions for the discovery and development of products based on microbes, small molecules and genetic elements for life-science based industries, including: human health, agriculture and industrial applications. "I believe that we are better-positioned than ever before to capture the value of our unique technology in two distinct ways through our existing collaborations and through our independent subsidiaries.We have several upcoming key milestones across our subsidiaries, which we believe will generate substantial value. Details on these milestones are available in our newly branded presentation, filed today. "We are now ready to continue to harness the power of our CPB platform through additional collaborations with strategic partners and to benefit as a shareholder from our subsidiaries as their value is unlocked and becomes apparent," Mr. Haviv concluded. About Evogene Ltd.: Evogene (NASDAQ: EVGN) (TASE: EVGN.TA) is a leading computational biology company targeting to revolutionize product development for life-science based industries, including human health, agriculture, and industrial applications. Incorporating a deep understanding of biology and leveraging Big Data and Artificial Intelligence, Evogene established its unique technology, the Computational Predictive Biology (CPB)platform. The CPB platform is designed to computationally discover and develop life-science products based on microbes, small molecules and genetic elements as the core components for such products. Evogene holds a number of subsidiaries utilizing the CPB platform, for the development ofhuman microbiome-based therapeutics, medical cannabis, ag-biologicals, ag-chemicals, seed traits and ag-solutions for castor oil production. For more information, please visit www.evogene.com Forward Looking Statements: This press release contains "forward-looking statements" relating to future events. These statements may be identified by words such as "may", "could", "expects", "intends", "anticipates", "plans", "believes", "scheduled", "estimates" or words of similar meaning. For example, Evogene is using forward-looking statements in this press releasewhen it discusses capturing thevalue of its technologies, entering into collaboration agreements and itsupcomingmilestones.Such statements are based on current expectations, estimates, projections and assumptions, describe opinions about future events, involve certain risks and uncertainties which are difficult to predict and are not guarantees of future performance. Therefore, actual future results, performance or achievements of Evogene and its subsidiaries may differ materially from what is expressed or implied by such forward-looking statements due to a variety of factors, many of which are beyond the control of Evogene and its subsidiaries, including, without limitation, the global spread of COVID-19, or the Coronavirus, the various restrictions deriving therefrom and those risk factors contained in Evogene's reports filed with the applicable securities authorities. In addition, Evogene and its subsidiaries rely, and expect to continue to rely, on third parties to conduct certain activities, such as their field-trials and pre-clinical studies, and if these third parties do not successfully carry out their contractual duties, comply with regulatory requirements or meet expected deadlines (including as a result of the effect of the Coronavirus), Evogene and its subsidiaries may experience significant delays in the conduct of their activities. Evogene and its subsidiaries disclaim any obligation or commitment to update these forward-looking statements to reflect future events or developments or changes in expectations, estimates, projections and assumptions. Evogene Investor Contact: US Investor Relations: Rivka Neufeld Joseph Green Investor Relations and Public Relations Manager Edison Group E: [emailprotected] E: [emailprotected] T: +972-8-931-1940 T: +1 646-653-7030 Laine Yonker Edison Group E: [emailprotected] T: +1 646-653-7035 SOURCE Evogene Related Links http://www.evogene.com
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edtsum7332
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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.--(BUSINESS WIRE)--Syros Pharmaceuticals (NASDAQ:SYRS), a leader in the development of medicines that control the expression of genes, today announced that it will host a live conference call and webcast at 8:30 a.m. ET on Thursday, May 6, 2021 to report its first quarter 2021 financial results and provide a corporate update. To access the live conference call, please dial 866-595-4538 (domestic) or 636-812-6496 (international), and refer to conference ID 5770919. A webcast of the call will also be available on the Investors & Media section of the Syros website at www.syros.com. An archived replay of the webcast will be available for approximately 30 days following the presentation. About Syros Pharmaceuticals Syros is redefining the power of small molecules to control the expression of genes. Based on its unique ability to elucidate regulatory regions of the genome, Syros aims to develop medicines that provide a profound benefit for patients with diseases that have eluded other genomics-based approaches. Syros is advancing a robust clinical-stage pipeline, including: SY-1425, a first-in-class oral selective RAR agonist in RARA-positive patients with higher-risk myelodysplastic syndrome and acute myeloid leukemia; SY-2101, a novel oral form of arsenic trioxide in patients with acute promyelocytic leukemia; and SY-5609, a highly selective and potent oral CDK7 inhibitor in patients with select solid tumors. Syros also has multiple preclinical and discovery programs in oncology and monogenic diseases. For more information, visit www.syros.com and follow us on Twitter (@SyrosPharma) and LinkedIn.
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Syros to Report First Quarter 2021 Financial Results on Thursday May 6, 2021
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CAMBRIDGE, Mass.--(BUSINESS WIRE)--Syros Pharmaceuticals (NASDAQ:SYRS), a leader in the development of medicines that control the expression of genes, today announced that it will host a live conference call and webcast at 8:30 a.m. ET on Thursday, May 6, 2021 to report its first quarter 2021 financial results and provide a corporate update. To access the live conference call, please dial 866-595-4538 (domestic) or 636-812-6496 (international), and refer to conference ID 5770919. A webcast of the call will also be available on the Investors & Media section of the Syros website at www.syros.com. An archived replay of the webcast will be available for approximately 30 days following the presentation. About Syros Pharmaceuticals Syros is redefining the power of small molecules to control the expression of genes. Based on its unique ability to elucidate regulatory regions of the genome, Syros aims to develop medicines that provide a profound benefit for patients with diseases that have eluded other genomics-based approaches. Syros is advancing a robust clinical-stage pipeline, including: SY-1425, a first-in-class oral selective RAR agonist in RARA-positive patients with higher-risk myelodysplastic syndrome and acute myeloid leukemia; SY-2101, a novel oral form of arsenic trioxide in patients with acute promyelocytic leukemia; and SY-5609, a highly selective and potent oral CDK7 inhibitor in patients with select solid tumors. Syros also has multiple preclinical and discovery programs in oncology and monogenic diseases. For more information, visit www.syros.com and follow us on Twitter (@SyrosPharma) and LinkedIn.
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edtsum7333
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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 "Fiber Optic Cables - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Global Fiber Optic Cables Market to Reach $16.5 Billion by 2027 Amid the COVID-19 crisis, the global market for Fiber Optic Cables estimated at US$ 8 Billion in the year 2020, is projected to reach a revised size of US$ 16.5 Billion by 2027, growing at a CAGR of 10.9% over the period 2020-2027. Single-Mode Cable, one of the segments analyzed in the report, is projected to record 10.1% CAGR and reach US$ 8.5 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 Multi-Mode Cable segment is readjusted to a revised 11.7% CAGR for the next 7-year period. The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 14.4% CAGR The Fiber Optic Cables market in the U.S. is estimated at US$ 2.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 3.5 Billion by the year 2027 trailing a CAGR of 14.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 9.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.5% CAGR. Key Topics Covered: I. METHODOLOGY II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW 2. FOCUS ON SELECT PLAYERS (Total 35 Featured): 3. MARKET TRENDS & DRIVERS 4. GLOBAL MARKET PERSPECTIVE III. MARKET ANALYSIS IV. COMPETITION For more information about this report visit https://www.researchandmarkets.com/r/72r8ng
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Global Fiber Optic Cables Market Report 2021: Market to Reach $16.5 Billion by 2027 - U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 14.4% CAGR - ResearchAndMarkets.com
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DUBLIN--(BUSINESS WIRE)--The "Fiber Optic Cables - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Global Fiber Optic Cables Market to Reach $16.5 Billion by 2027 Amid the COVID-19 crisis, the global market for Fiber Optic Cables estimated at US$ 8 Billion in the year 2020, is projected to reach a revised size of US$ 16.5 Billion by 2027, growing at a CAGR of 10.9% over the period 2020-2027. Single-Mode Cable, one of the segments analyzed in the report, is projected to record 10.1% CAGR and reach US$ 8.5 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 Multi-Mode Cable segment is readjusted to a revised 11.7% CAGR for the next 7-year period. The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 14.4% CAGR The Fiber Optic Cables market in the U.S. is estimated at US$ 2.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 3.5 Billion by the year 2027 trailing a CAGR of 14.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 9.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.5% CAGR. Key Topics Covered: I. METHODOLOGY II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW 2. FOCUS ON SELECT PLAYERS (Total 35 Featured): 3. MARKET TRENDS & DRIVERS 4. GLOBAL MARKET PERSPECTIVE III. MARKET ANALYSIS IV. COMPETITION For more information about this report visit https://www.researchandmarkets.com/r/72r8ng
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edtsum7336
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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: BREA, Calif., May 19, 2020 /PRNewswire/ --FaceTory announces the newest product in the FaceTory line Dreamy Jelly Hand Gel. It contains 75% alcohol to eliminate 99.9% of harmful germs without overdrying the hands. This product is also infused with citrus essential oils to offset the pungent scent of alcohol and includes other beneficial ingredients to keep your hands clean, moisturized, and soft. It's a skincare product and a hand sanitizer in one. Continue Reading Facetory sanitizer Dreamy Jelly "We understood the need for essential products when the COVID-19 pandemic hit. This product was launched to help our customers and communities have access to a necessity that seemed to be unreachable in major stores, " states Janice Chang, Head of Marketing at FaceTory. "We wanted to provide something for our customers and minimize their worry the best we can. As a skincare company, we knew that protecting the skin barrier is just as important as purifying it of bacteria and germs. That's why our hand sanitizer is a skincare-based sanitizer that won't dry out the skin and leave it feeling tight and parched clear signs that the skin barrier is being abused. Instead, this sanitizer is a soft, liquidy, and luxurious gel formula with essential oils to help moisturize the skin. Overall, we're extremely proud and happy that we can provide our customers with a safe essential product!" FaceTory's Dreamy Jelly Hand Sanitizer is a lightweight gel hand sanitizer that smoothes the skin while getting rid of harmful bacteria. With the growth of FaceTory's product line, the company is continuing to lead the industry toward gentle and affordable products that don't sacrifice quality. FaceTory Dreamy Jelly Hand SanitizerAbout FaceTory: FaceTory was founded in the U.S in 2016 with the understanding that not all skin is the same and that every face has a different story. To address this, the company centers itself on providing and creating products that will fit each story's needs. Our philosophy is that skincare should be approachable, affordable, and functional. Ultimately, we create products that we can confidently recommend to our loved ones, especially to our FaceTory family!https://www.facetory.com/For more information, please contact:Janice Chang Head of MarketingFaceTory [emailprotected]SOURCE FaceTory Related Links https://www.facetory.com
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In Response to COVID-19 Pandemic, FaceTory Launches Skincare-Based Hand Sanitizer FaceTory, (www.facetory.com) a popular K-Beauty online retailer, responds to customers' requests for essential products. The newest addition to the FaceTory line is a hand sanitizer that not only kills bacteria but also protects the skin from dehydration. Formulated with the skin barrier in mind, FaceTory Dreamy Jelly Hand Gel is a new take on an essential product that is more than just effective.
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BREA, Calif., May 19, 2020 /PRNewswire/ --FaceTory announces the newest product in the FaceTory line Dreamy Jelly Hand Gel. It contains 75% alcohol to eliminate 99.9% of harmful germs without overdrying the hands. This product is also infused with citrus essential oils to offset the pungent scent of alcohol and includes other beneficial ingredients to keep your hands clean, moisturized, and soft. It's a skincare product and a hand sanitizer in one. Continue Reading Facetory sanitizer Dreamy Jelly "We understood the need for essential products when the COVID-19 pandemic hit. This product was launched to help our customers and communities have access to a necessity that seemed to be unreachable in major stores, " states Janice Chang, Head of Marketing at FaceTory. "We wanted to provide something for our customers and minimize their worry the best we can. As a skincare company, we knew that protecting the skin barrier is just as important as purifying it of bacteria and germs. That's why our hand sanitizer is a skincare-based sanitizer that won't dry out the skin and leave it feeling tight and parched clear signs that the skin barrier is being abused. Instead, this sanitizer is a soft, liquidy, and luxurious gel formula with essential oils to help moisturize the skin. Overall, we're extremely proud and happy that we can provide our customers with a safe essential product!" FaceTory's Dreamy Jelly Hand Sanitizer is a lightweight gel hand sanitizer that smoothes the skin while getting rid of harmful bacteria. With the growth of FaceTory's product line, the company is continuing to lead the industry toward gentle and affordable products that don't sacrifice quality. FaceTory Dreamy Jelly Hand SanitizerAbout FaceTory: FaceTory was founded in the U.S in 2016 with the understanding that not all skin is the same and that every face has a different story. To address this, the company centers itself on providing and creating products that will fit each story's needs. Our philosophy is that skincare should be approachable, affordable, and functional. Ultimately, we create products that we can confidently recommend to our loved ones, especially to our FaceTory family!https://www.facetory.com/For more information, please contact:Janice Chang Head of MarketingFaceTory [emailprotected]SOURCE FaceTory Related Links https://www.facetory.com
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edtsum7338
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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, Dec. 22, 2020 /PRNewswire/ --Connatix, the next-generation video technology company for publishers and advertisers, announced today that it was named to Deloitte's Technology Fast 500 list of North American companies. Connatix reported that it achieved 512% growth over the past three years, putting it at number 232 of 500 in the listing. Connatix was ranked 7th out of 24 companies listed in the Digital Content / Media / Entertainment category. "We are honored to be listed with so many great companies and technology innovators recognized by Deloitte's Technology Fast 500," said Connatix CEO David Kashak. "2020 was a unique year that presented many challenges to the media industry at large. I am proud to say Connatix continued to prioritize our core values of integrity and innovation, and ultimately emerged as a strong partner to publishers and advertisers even during difficult times." Connatix helps more than 3,000 publishers and advertisers to deliver successful video experiences to online audiences at scale. From a powerful online video player to revenue-generating formats that feature engaging content, Connatix has built video solutions that are designed to bring harmony to publisher and advertiser goals. Other significant technology innovation initiatives launched by Connatix in 2020 include: Video Insights Engine, an industry-first innovation to provide brands with more control over content alignment, and drive more value with relevant advertisements and correct for context without impacting the scale of digital campaigns. Live stream, a part ofElements by Connatix, the leading online video platform (OVP) for publishers. Similar to the platform's current player offerings, the live stream player is integrated with an ad server and exchange to help publishers maximize revenue while delivering real-time video experiences to their readers. Playspace, the first turn-key video monetization platform that creates relevant, editor-friendly formats with built-in revenue (publishers can automatically generate new monetizable story units that are contextually aligned with existing content). The launch marked the first availability of Discovered Stories, a break-through in contextually-relevant content creation that leverages machine learning to understand the context of an article, so that editors can automatically produce an entirely new "video story" that's monetizable. AccuWeather recently integrated Playspace on theirnewly launched mobile app, which was completely redesigned with user experience in mind. Since adding Connatix's Story Player to its app, which enables the publisher to recirculate important weather news, they have seen 50% more engagement with the unit compared to previous months. Smart Stories and Social Stories, two first-to-market technologies that are now available in the Playspace platform, to help publishers bring more automation to their newsrooms and seamlessly reach audiences who are increasingly focused on social media, by leveraging Instagram posts to create interactive, monetizable stories on their websites (desktop and mobile). About ConnatixConnatix is a next-generation video technology platform for publishers and advertisers. We believe in the power of engaging content and are on a mission to help publishers deliver successful videos without compromise. With a cutting-edge video player, optimization engine, and suite of turn-key video monetization formats, publishers can amplify video revenue while delivering engaging experiences. With first-to-market video capabilities, Connatix sits at the forefront of content innovation and is building a new generation of video experiences that are optimized for publisher success. Connatix works with over 3,000 publishers worldwide and in 2019 was ranked #1 in the comScore video metrix. Founded in 2014, the company is headquartered in New York City with offices in Tel Aviv, Israel and Cluj-Napoca, Romania. SOURCE Connatix
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Connatix Recognized as a Fast-Growing Company in North America on Deloitte's 2020 Technology Fast 500
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NEW YORK, Dec. 22, 2020 /PRNewswire/ --Connatix, the next-generation video technology company for publishers and advertisers, announced today that it was named to Deloitte's Technology Fast 500 list of North American companies. Connatix reported that it achieved 512% growth over the past three years, putting it at number 232 of 500 in the listing. Connatix was ranked 7th out of 24 companies listed in the Digital Content / Media / Entertainment category. "We are honored to be listed with so many great companies and technology innovators recognized by Deloitte's Technology Fast 500," said Connatix CEO David Kashak. "2020 was a unique year that presented many challenges to the media industry at large. I am proud to say Connatix continued to prioritize our core values of integrity and innovation, and ultimately emerged as a strong partner to publishers and advertisers even during difficult times." Connatix helps more than 3,000 publishers and advertisers to deliver successful video experiences to online audiences at scale. From a powerful online video player to revenue-generating formats that feature engaging content, Connatix has built video solutions that are designed to bring harmony to publisher and advertiser goals. Other significant technology innovation initiatives launched by Connatix in 2020 include: Video Insights Engine, an industry-first innovation to provide brands with more control over content alignment, and drive more value with relevant advertisements and correct for context without impacting the scale of digital campaigns. Live stream, a part ofElements by Connatix, the leading online video platform (OVP) for publishers. Similar to the platform's current player offerings, the live stream player is integrated with an ad server and exchange to help publishers maximize revenue while delivering real-time video experiences to their readers. Playspace, the first turn-key video monetization platform that creates relevant, editor-friendly formats with built-in revenue (publishers can automatically generate new monetizable story units that are contextually aligned with existing content). The launch marked the first availability of Discovered Stories, a break-through in contextually-relevant content creation that leverages machine learning to understand the context of an article, so that editors can automatically produce an entirely new "video story" that's monetizable. AccuWeather recently integrated Playspace on theirnewly launched mobile app, which was completely redesigned with user experience in mind. Since adding Connatix's Story Player to its app, which enables the publisher to recirculate important weather news, they have seen 50% more engagement with the unit compared to previous months. Smart Stories and Social Stories, two first-to-market technologies that are now available in the Playspace platform, to help publishers bring more automation to their newsrooms and seamlessly reach audiences who are increasingly focused on social media, by leveraging Instagram posts to create interactive, monetizable stories on their websites (desktop and mobile). About ConnatixConnatix is a next-generation video technology platform for publishers and advertisers. We believe in the power of engaging content and are on a mission to help publishers deliver successful videos without compromise. With a cutting-edge video player, optimization engine, and suite of turn-key video monetization formats, publishers can amplify video revenue while delivering engaging experiences. With first-to-market video capabilities, Connatix sits at the forefront of content innovation and is building a new generation of video experiences that are optimized for publisher success. Connatix works with over 3,000 publishers worldwide and in 2019 was ranked #1 in the comScore video metrix. Founded in 2014, the company is headquartered in New York City with offices in Tel Aviv, Israel and Cluj-Napoca, Romania. SOURCE Connatix
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edtsum7341
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: PITTSBURGH, Aug. 25, 2020 /PRNewswire/ -- "I've noticed family members and friends continually losing various items which has led to purchasing new items to replace those that are lost," said an inventor from Camden, New Jersey. "This inspired me to develop a means to easily locate frequently misplaced items." She developed the ITEM LOCATOR which may save users valuable time, energy as well as frustration. This invention may also save consumers money expended on replacing various valuables. It could locate a wide array of items. Additionally, it would be simple and easy to use. The original design was submitted to the Philadelphia sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 18-PND-5015, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com. SOURCE InventHelp Related Links http://www.inventhelp.com
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InventHelp Inventor Designs Easy Find Tracker (PND-5015)
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PITTSBURGH, Aug. 25, 2020 /PRNewswire/ -- "I've noticed family members and friends continually losing various items which has led to purchasing new items to replace those that are lost," said an inventor from Camden, New Jersey. "This inspired me to develop a means to easily locate frequently misplaced items." She developed the ITEM LOCATOR which may save users valuable time, energy as well as frustration. This invention may also save consumers money expended on replacing various valuables. It could locate a wide array of items. Additionally, it would be simple and easy to use. The original design was submitted to the Philadelphia sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 18-PND-5015, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com. SOURCE InventHelp Related Links http://www.inventhelp.com
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edtsum7346
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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: LEHI, Utah, May 12, 2020 /PRNewswire/ --Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure Mattress," today announced the launch of an underwritten secondary public offering of 9,000,000 shares of its Class A common stock to be sold by InnoHold, LLC (the "Selling Stockholder"). The underwriters have a 30-day option period to purchase up to 1,350,000 additional shares of Class A common stock from the Selling Stockholder. The Selling Stockholder will receive all of the net proceeds from the offering. Purple is not selling any shares of Class A common stock in the offering and will not receive any proceeds from the offering, including from any exercise by the underwriters of their option to purchase additional shares from the Selling Stockholder. Following the closing of this offering, the remaining shares on the Form S-3 Registration Statement initially filed with the Securities and Exchange Commission on March 10, 2020 will not be eligible for resale. BofA Securities and Oppenheimer & Co. Inc. are acting as joint book-running managers for the offering. A registration statement (including a prospectus) relating to these securities has been filed with the U.S. Securities and Exchange Commission (the "SEC"). Before you invest, you should read the prospectus in that registration statement and the other documents filed with the SEC and incorporated by reference therein for more complete information about Purple and this offering. You may obtain these documents free of charge by visiting EDGAR on the SEC's website at www.sec.gov. The offering is being made only by means of a prospectus, copies of which may be obtained on the SEC's website, www.sec.gov, or from BofA Securities, NC1-004-03-43,200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, or [emailprotected]and Oppenheimer & Co. Inc., Attn: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, New York 10004, Phone (212) 667-8055, Fax (212) 667-6141, or [emailprotected]. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Purple Purple is a digitally-native vertical brand with a mission to help people feel and live better through innovative comfort solutions. We design and manufacture a variety of innovative, premium, branded comfort products, including mattresses, pillows, cushions, frames, sheets and more. Our products are the result of over 30 years of innovation and investment in proprietary and patented comfort technologies and the development of our own manufacturing processes. Our proprietary gel technology, Hyper-Elastic Polymer, underpins many of our comfort products and provides a range of benefits that differentiate our offerings from other competitors' products. We market and sell our products through our direct-to-consumer online channels, traditional retail partners, third-party online retailers and our owned retail showrooms. Forward Looking Statements Certain statements made in this release that are not historical facts are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements include but are not limited to statements about the proposed offering of shares of Class A common stock by the Selling Stockholder. Statements based on historical data are not intended and should not be understood to indicate the Company's expectations regarding future events. Forward-looking statements provide current expectations or forecasts of future events or determinations. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Factors that could influence the realization of forward-looking statements include the risk factors outlined in the "Risk Factors" section of the prospectus related to this offering, our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 9, 2020 and our Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 11, 2020. Many of these risks and uncertainties have been, and will be, exacerbated by the COVID-19 pandemic and any worsening of the global business and economic environment as a result. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Investor Contact:Brendon Frey, ICR[emailprotected]203-682-8200 Media Contact:Alecia Pulman,ICR[emailprotected]646-277-1200 Purple Innovation, Inc.Savannah HobbsDirector of Purple Communications[emailprotected] SOURCE Purple Innovation, Inc. Related Links https://purple.com/
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Purple Innovation, Inc. Announces Launch of Secondary Public Offering of Class A Common Stock
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LEHI, Utah, May 12, 2020 /PRNewswire/ --Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure Mattress," today announced the launch of an underwritten secondary public offering of 9,000,000 shares of its Class A common stock to be sold by InnoHold, LLC (the "Selling Stockholder"). The underwriters have a 30-day option period to purchase up to 1,350,000 additional shares of Class A common stock from the Selling Stockholder. The Selling Stockholder will receive all of the net proceeds from the offering. Purple is not selling any shares of Class A common stock in the offering and will not receive any proceeds from the offering, including from any exercise by the underwriters of their option to purchase additional shares from the Selling Stockholder. Following the closing of this offering, the remaining shares on the Form S-3 Registration Statement initially filed with the Securities and Exchange Commission on March 10, 2020 will not be eligible for resale. BofA Securities and Oppenheimer & Co. Inc. are acting as joint book-running managers for the offering. A registration statement (including a prospectus) relating to these securities has been filed with the U.S. Securities and Exchange Commission (the "SEC"). Before you invest, you should read the prospectus in that registration statement and the other documents filed with the SEC and incorporated by reference therein for more complete information about Purple and this offering. You may obtain these documents free of charge by visiting EDGAR on the SEC's website at www.sec.gov. The offering is being made only by means of a prospectus, copies of which may be obtained on the SEC's website, www.sec.gov, or from BofA Securities, NC1-004-03-43,200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, or [emailprotected]and Oppenheimer & Co. Inc., Attn: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, New York 10004, Phone (212) 667-8055, Fax (212) 667-6141, or [emailprotected]. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Purple Purple is a digitally-native vertical brand with a mission to help people feel and live better through innovative comfort solutions. We design and manufacture a variety of innovative, premium, branded comfort products, including mattresses, pillows, cushions, frames, sheets and more. Our products are the result of over 30 years of innovation and investment in proprietary and patented comfort technologies and the development of our own manufacturing processes. Our proprietary gel technology, Hyper-Elastic Polymer, underpins many of our comfort products and provides a range of benefits that differentiate our offerings from other competitors' products. We market and sell our products through our direct-to-consumer online channels, traditional retail partners, third-party online retailers and our owned retail showrooms. Forward Looking Statements Certain statements made in this release that are not historical facts are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements include but are not limited to statements about the proposed offering of shares of Class A common stock by the Selling Stockholder. Statements based on historical data are not intended and should not be understood to indicate the Company's expectations regarding future events. Forward-looking statements provide current expectations or forecasts of future events or determinations. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Factors that could influence the realization of forward-looking statements include the risk factors outlined in the "Risk Factors" section of the prospectus related to this offering, our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 9, 2020 and our Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 11, 2020. Many of these risks and uncertainties have been, and will be, exacerbated by the COVID-19 pandemic and any worsening of the global business and economic environment as a result. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Investor Contact:Brendon Frey, ICR[emailprotected]203-682-8200 Media Contact:Alecia Pulman,ICR[emailprotected]646-277-1200 Purple Innovation, Inc.Savannah HobbsDirector of Purple Communications[emailprotected] SOURCE Purple Innovation, Inc. Related Links https://purple.com/
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edtsum7348
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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., Oct. 16, 2020 /PRNewswire/ --Lazydays Holdings, Inc. ("Lazydays" or the "Company") (NasdaqCM: LAZY) today announced that it has proactively withdrawn its proposed share offering. "The proposed offering price did not reflect what we believe is the underlying value of the Company," stated William P. Murnane, Chairman and CEO of Lazydays. "We have a very strong balance sheet and are willing to raise capital only if it is in the best interests of our shareholders. We are very excited about the future of the company and we are committed to driving significant shareholder value in the coming years. Management and the board are steadfast in our effort to deliver disciplined and accretive capital stewardship. "As a result of market share gains, we have achieved unprecedented growth over the past year that has clearly outpaced the market," continued Murnane. "Our cash generation is strong and we have a robust pipeline of dealership acquisition and greenfield growth opportunities. We are very well positioned to pursue our geographic expansion strategy and to continue our strong growth trajectory." ABOUT LAZYDAYS RVLazydays, The RV Authority, is an iconic brand in the RV industry. Home of the world's largest recreational dealership, based on 126 acres outside of Tampa, Florida, Lazydays has nine dealership locations in Arizona, Colorado, Florida, Indiana, Minnesota, and Tennessee. Lazydays also has a dedicated Service Center location in Texas.Offering the nation's largest selection of leading RV brands, Lazydays features over 3,000 new and pre-owned RVs, more than 400 service bays and two on-site campgrounds with over 700 RV campsites. In addition, Lazydays RV Accessories & More stores offer thousands of accessories and hard-to-find parts at dealership locations. Since 1976, Lazydays has built a reputation for providing an outstanding customer experience with exceptional service and product expertise, along with being a preferred place to rest and recharge with other RVers. Lazydays believes that it consistently provides the best RV purchase, service, and ownership experience, which is why RVers and their families keep returning to Lazydays year after year, calling it their "home away from home." Lazydays Holdings, Inc. is a publicly listed company on the Nasdaq stock exchange under the ticker "LAZY." Additional information can be found here. ForwardLooking StatementsThis news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements describe Lazydays future plans, projections, strategies and expectations, including statements on expected customer demand, RV unit sales, total revenue, net income, inventory, OEM shipments and adjusted EBITDA, and statements regarding Lazydays' expectations regarding the impact of its recently acquired dealerships in Phoenix and Elkhart, and its greenfield start-up near Nashville, Tennessee, are based on assumptions and involve a number of risks and uncertainties, many of which are beyond the control of Lazydays. Actual results could differ materially from those projected due to various factors, including economic conditions generally, conditions in the credit markets and changes in interest rates, conditions in the capital markets, the global, national and local impact of the pandemic outbreak of coronavirus (COVID-19) and other factors described from time to time in Lazydays' SEC reports and filings, which are available at www.sec.gov. Forward-looking statements contained in this news release speak only as of the date of this news release, and Lazydays undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances, unless otherwise required by law. Disclaimer Information in this news release is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. News Contact:+1 (813) 204-4099[emailprotected] SOURCE Lazydays Holdings, Inc. Related Links https://www.lazydays.com
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Lazydays Holdings, Inc. Elects to Proactively Withdraw Proposed Share Offering
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TAMPA, Fla., Oct. 16, 2020 /PRNewswire/ --Lazydays Holdings, Inc. ("Lazydays" or the "Company") (NasdaqCM: LAZY) today announced that it has proactively withdrawn its proposed share offering. "The proposed offering price did not reflect what we believe is the underlying value of the Company," stated William P. Murnane, Chairman and CEO of Lazydays. "We have a very strong balance sheet and are willing to raise capital only if it is in the best interests of our shareholders. We are very excited about the future of the company and we are committed to driving significant shareholder value in the coming years. Management and the board are steadfast in our effort to deliver disciplined and accretive capital stewardship. "As a result of market share gains, we have achieved unprecedented growth over the past year that has clearly outpaced the market," continued Murnane. "Our cash generation is strong and we have a robust pipeline of dealership acquisition and greenfield growth opportunities. We are very well positioned to pursue our geographic expansion strategy and to continue our strong growth trajectory." ABOUT LAZYDAYS RVLazydays, The RV Authority, is an iconic brand in the RV industry. Home of the world's largest recreational dealership, based on 126 acres outside of Tampa, Florida, Lazydays has nine dealership locations in Arizona, Colorado, Florida, Indiana, Minnesota, and Tennessee. Lazydays also has a dedicated Service Center location in Texas.Offering the nation's largest selection of leading RV brands, Lazydays features over 3,000 new and pre-owned RVs, more than 400 service bays and two on-site campgrounds with over 700 RV campsites. In addition, Lazydays RV Accessories & More stores offer thousands of accessories and hard-to-find parts at dealership locations. Since 1976, Lazydays has built a reputation for providing an outstanding customer experience with exceptional service and product expertise, along with being a preferred place to rest and recharge with other RVers. Lazydays believes that it consistently provides the best RV purchase, service, and ownership experience, which is why RVers and their families keep returning to Lazydays year after year, calling it their "home away from home." Lazydays Holdings, Inc. is a publicly listed company on the Nasdaq stock exchange under the ticker "LAZY." Additional information can be found here. ForwardLooking StatementsThis news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements describe Lazydays future plans, projections, strategies and expectations, including statements on expected customer demand, RV unit sales, total revenue, net income, inventory, OEM shipments and adjusted EBITDA, and statements regarding Lazydays' expectations regarding the impact of its recently acquired dealerships in Phoenix and Elkhart, and its greenfield start-up near Nashville, Tennessee, are based on assumptions and involve a number of risks and uncertainties, many of which are beyond the control of Lazydays. Actual results could differ materially from those projected due to various factors, including economic conditions generally, conditions in the credit markets and changes in interest rates, conditions in the capital markets, the global, national and local impact of the pandemic outbreak of coronavirus (COVID-19) and other factors described from time to time in Lazydays' SEC reports and filings, which are available at www.sec.gov. Forward-looking statements contained in this news release speak only as of the date of this news release, and Lazydays undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances, unless otherwise required by law. Disclaimer Information in this news release is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. News Contact:+1 (813) 204-4099[emailprotected] SOURCE Lazydays Holdings, Inc. Related Links https://www.lazydays.com
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edtsum7350
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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, Dec. 23, 2020 /PRNewswire/ -- ViewRay, Inc. (NASDAQ: VRAY) today announced its participation in the 39th Annual J.P. Morgan Healthcare Conference. Scott Drake, President and CEO, is scheduled to present at 10:50 a.m. Eastern Time on Thursday, January 14, 2021. An audio webcast of the Company's presentation will be available on the "Financial Events and Webinars" portion of ViewRay's investor website at https://investors.viewray.com/events-and-presentations/upcoming-events. A replay of the webcast will be available for 14 days after the date of the presentation. About ViewRay ViewRay, Inc. (Nasdaq: VRAY), designs, manufactures, and markets the MRIdian radiation therapy system. MRIdian is built upon a proprietary high-definition MR imaging system designed from the ground up to address the unique challenges and clinical workflow for advanced radiation oncology. Unlike MR systems used in diagnostic radiology, MRIdian's high-definition MR was purpose built to address specific challenges, including beam distortion, skin toxicity, and other concerns that potentially may arise when high magnetic fields interact with radiation beams. ViewRay and MRIdian are registered trademarks of ViewRay, Inc. SOURCE ViewRay, Inc. Related Links http://www.viewray.com
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ViewRay to Present at the 39th Annual J.P. Morgan Healthcare Conference
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CLEVELAND, Dec. 23, 2020 /PRNewswire/ -- ViewRay, Inc. (NASDAQ: VRAY) today announced its participation in the 39th Annual J.P. Morgan Healthcare Conference. Scott Drake, President and CEO, is scheduled to present at 10:50 a.m. Eastern Time on Thursday, January 14, 2021. An audio webcast of the Company's presentation will be available on the "Financial Events and Webinars" portion of ViewRay's investor website at https://investors.viewray.com/events-and-presentations/upcoming-events. A replay of the webcast will be available for 14 days after the date of the presentation. About ViewRay ViewRay, Inc. (Nasdaq: VRAY), designs, manufactures, and markets the MRIdian radiation therapy system. MRIdian is built upon a proprietary high-definition MR imaging system designed from the ground up to address the unique challenges and clinical workflow for advanced radiation oncology. Unlike MR systems used in diagnostic radiology, MRIdian's high-definition MR was purpose built to address specific challenges, including beam distortion, skin toxicity, and other concerns that potentially may arise when high magnetic fields interact with radiation beams. ViewRay and MRIdian are registered trademarks of ViewRay, Inc. SOURCE ViewRay, Inc. Related Links http://www.viewray.com
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edtsum7355
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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)--Technavio predicts the global semiconductor advanced packaging market to grow steadily at a CAGR of above 8% by 2024. One of the primary drivers for this market is the complexity of semiconductor IC designs. The growing demand for multifunctionality features in electronic devices is leading to the development of more complex architecture and designs that require elaborate manufacturing processes. Also, the rising trend of miniaturization is creating the need for advanced packaging technologies in the semiconductor industry. Many such factors are contributing to the growth of the global semiconductor advanced packaging market. Download Free Sample Report with COVID-19 Impact Analysis The global semiconductor advanced packaging market is a part of the global semiconductors market. The global semiconductor market includes manufacturers of solar modules and cells. Our research reports provide a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. Latest reports related to semiconductor advanced packaging market analysis Global Semiconductor Market 2020-2024 Get FREE Sample Report Global Semiconductor Silicon Wafer Market 2020-2024 Get FREE Sample Report Global Semiconductor Foundry Market 2020-2024 Get FREE Sample Report Technavios reports are aimed at providing key insights on semiconductor advanced packaging markets by identifying the key drivers, trends, and, challenges that are impacting the overall semiconductor market. The research analyses the impact on these factors on the semiconductor advanced packaging markets, for the present market scenario and over the forecast period. Technavios reports provide a comprehensive analysis on the vendors and their offerings, major growth strategies adopted by stakeholders, and the key happenings in the market. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Semiconductor: Segmentation Semiconductor, the parent market, includes the global semiconductor advanced packaging market within its scope and it is further segmented into multiple sub-segments. Technavios reports identify the high growth areas and opportunities for vendors operating in each sub-segment of the global semiconductor advanced packaging market. The market is segmented as follows: End-use application Product type Register for a free trial today and gain instant access to 17,000+ market research reports Technavio's SUBSCRIPTION platform Semiconductor: Geographic Segmentation The global semiconductor market has been analyzed across key geographical regions to identify region level market dynamics, developments, and the key growth countries for the forecast period. The regional level analysis identifies the market shares, growth momentum, and key leading countries in the market, which include (but are not limited to) the following: Vendor Landscape Technavios industry coverage utilizes multiple sources and tools to gather information of the multiple stakeholders and their offerings towards the market. Sources such as company websites, annual reports, whitepapers, subscription & in-house databases, industry journals, publications, and magazines are used in addition to other relevant sources. The vendor landscape provides a framework to estimate the health care supplies market, while also categorizing the vendors into pure-play, category-focused, or diversified based on their offerings. All market reports provide the key and contributing players across the value chain based on in-house influence index, developed using multiple industry and market parameters. About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.
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Insights on the Global Semiconductor Advanced Packaging Market | COVID-19 Impact and Analysis of Related Markets Drivers, Opportunities and Threats | Technavio
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LONDON--(BUSINESS WIRE)--Technavio predicts the global semiconductor advanced packaging market to grow steadily at a CAGR of above 8% by 2024. One of the primary drivers for this market is the complexity of semiconductor IC designs. The growing demand for multifunctionality features in electronic devices is leading to the development of more complex architecture and designs that require elaborate manufacturing processes. Also, the rising trend of miniaturization is creating the need for advanced packaging technologies in the semiconductor industry. Many such factors are contributing to the growth of the global semiconductor advanced packaging market. Download Free Sample Report with COVID-19 Impact Analysis The global semiconductor advanced packaging market is a part of the global semiconductors market. The global semiconductor market includes manufacturers of solar modules and cells. Our research reports provide a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. Latest reports related to semiconductor advanced packaging market analysis Global Semiconductor Market 2020-2024 Get FREE Sample Report Global Semiconductor Silicon Wafer Market 2020-2024 Get FREE Sample Report Global Semiconductor Foundry Market 2020-2024 Get FREE Sample Report Technavios reports are aimed at providing key insights on semiconductor advanced packaging markets by identifying the key drivers, trends, and, challenges that are impacting the overall semiconductor market. The research analyses the impact on these factors on the semiconductor advanced packaging markets, for the present market scenario and over the forecast period. Technavios reports provide a comprehensive analysis on the vendors and their offerings, major growth strategies adopted by stakeholders, and the key happenings in the market. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Semiconductor: Segmentation Semiconductor, the parent market, includes the global semiconductor advanced packaging market within its scope and it is further segmented into multiple sub-segments. Technavios reports identify the high growth areas and opportunities for vendors operating in each sub-segment of the global semiconductor advanced packaging market. The market is segmented as follows: End-use application Product type Register for a free trial today and gain instant access to 17,000+ market research reports Technavio's SUBSCRIPTION platform Semiconductor: Geographic Segmentation The global semiconductor market has been analyzed across key geographical regions to identify region level market dynamics, developments, and the key growth countries for the forecast period. The regional level analysis identifies the market shares, growth momentum, and key leading countries in the market, which include (but are not limited to) the following: Vendor Landscape Technavios industry coverage utilizes multiple sources and tools to gather information of the multiple stakeholders and their offerings towards the market. Sources such as company websites, annual reports, whitepapers, subscription & in-house databases, industry journals, publications, and magazines are used in addition to other relevant sources. The vendor landscape provides a framework to estimate the health care supplies market, while also categorizing the vendors into pure-play, category-focused, or diversified based on their offerings. All market reports provide the key and contributing players across the value chain based on in-house influence index, developed using multiple industry and market parameters. About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.
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edtsum7359
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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 "High Purity Quartz Sand Market for UVC Lighting - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering. The latest study collated and published by the publisher analyzes the historical and present-day scenario of the global high purity quartz sand market for UVC lighting to gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating a landscape for growth of the global high purity quartz market for UVC lighting. The study also identifies growth avenues for market stakeholders. The report provides insightful information about how the global high purity quartz market for UVC lighting is likely to expand during the forecast period of 2020 to 2030. The report offers intricate dynamics about different aspects of the global high purity quartz market for UVC lighting that can aid companies operating in the market in making strategic business decisions. The publisher's study also elaborates on significant changes that are anticipated to configure growth of the semiconductor industry with respect to the global high purity quartz market for UVC lighting during the forecast period. It also includes a key indicator assessment that highlights growth prospects for the global high purity quartz market for UVC lighting and estimates statistics related to growth of the market in terms of volume (Tons) and value (US$ Thousand). This study covers a detailed segmentation of the global high purity quartz market for UVC lighting, along with key information and competition landscape. The report mentions company profiles of major players operating in the global high purity quartz market for UVC lighting, wherein various market developments and growth strategies practiced and implemented by leading players have been presented in detail. Companies Mentioned Key Questions Answered in this report on High Purity Quartz Sand Market for UVC Lighting The report provides detailed information about the global high purity quartz sand market for UVC lighting on the basis of comprehensive research on various factors that are playing a key role in accelerating the growth of the market. Information mentioned in the report answers path-breaking questions for companies that are currently operating in the market and are looking for innovative methods to create a unique benchmark in the global high purity quartz market for UVC lighting, which would help them design successful strategies and make target-driven decisions. Key Topics Covered: 1. Preface 2. Assumptions and Research Methodology 2.1. Assumptions and Acronyms Used 2.2. Research Methodology 3. Executive Summary: Global High Purity Quartz Sand Market for UVC Lighting 3.1. Market Value, Indicative (US$ Thousand) 3.2. Top Three Trends 4. Market Overview 4.1. Product Overview 4.2. Key Market Developments 4.3. Market Indicators 5. Market Dynamics 5.1. Drivers and Restraints Snapshot Analysis 5.2. Porter's Five Forces Analysis 5.3. Value Chain Analysis 5.4. List of Potential Customers 6. Global High Purity Quartz Sand Market for UVC Lighting Output, 2019 7. Global High Purity Quartz Market for UVC Lighting : Price Trend Analysis, 2019 7.1. Global High Purity Quartz Price Trend, by Application (US$/Ton), 2019-2030 7.2. Global High Purity Quartz Price Trend, by Region (US$/Ton), 2019-2030 8. Global High Purity Quartz Sand Market for UVC Lighting Volume (Tons) and Value (US$ Thousand) Analysis, by Application 8.1. Key Findings and Introduction 8.2. Global High Purity Quartz Sand Market for UVC Lighting Volume (Tons) and Value (US$ Thousand) Forecast, by Application, 2019-2030 8.3. Global High Purity Quartz Sand Market for UVC Lighting Attractiveness Analysis, by Application 9. Global High Purity Quartz Sand Market for UVC Lighting Analysis, by Region 9.1. Global High Purity Quartz Sand Market for UVC Lighting Volume (Tons) and Value (US$ Thousand) Forecast, by Region 9.2. Global High Purity Quartz Sand Market for UVC Lighting Attractiveness Analysis, by Region 10. North America High Purity Quartz Sand Market for UVC Lighting Overview 11. Europe High Purity Quartz Sand Market for UVC Lighting Overview 12. Asia Pacific High Purity Quartz Sand Market for UVC Lighting Overview 13. Latin America High Purity Quartz Sand Market for UVC Lighting Overview 14. Middle East & Africa High Purity Quartz Sand Market for UVC Lighting Overview 15. Competition Landscape 15.1. Global High Purity Quartz Sand Market for UVC Lighting Share Analysis, by Company (2019) 15.2. Competition Matrix 15.3. Company Profiles 16. Primary Research: Key Insights For more information about this report visit https://www.researchandmarkets.com/r/yz59oq
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Global High Purity Quartz Sand Market for UVC Lighting (2020 to 2030) - Industry Analysis, Size, Share, Growth, Trends, and Forecast - ResearchAndMarkets.com
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DUBLIN--(BUSINESS WIRE)--The "High Purity Quartz Sand Market for UVC Lighting - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering. The latest study collated and published by the publisher analyzes the historical and present-day scenario of the global high purity quartz sand market for UVC lighting to gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating a landscape for growth of the global high purity quartz market for UVC lighting. The study also identifies growth avenues for market stakeholders. The report provides insightful information about how the global high purity quartz market for UVC lighting is likely to expand during the forecast period of 2020 to 2030. The report offers intricate dynamics about different aspects of the global high purity quartz market for UVC lighting that can aid companies operating in the market in making strategic business decisions. The publisher's study also elaborates on significant changes that are anticipated to configure growth of the semiconductor industry with respect to the global high purity quartz market for UVC lighting during the forecast period. It also includes a key indicator assessment that highlights growth prospects for the global high purity quartz market for UVC lighting and estimates statistics related to growth of the market in terms of volume (Tons) and value (US$ Thousand). This study covers a detailed segmentation of the global high purity quartz market for UVC lighting, along with key information and competition landscape. The report mentions company profiles of major players operating in the global high purity quartz market for UVC lighting, wherein various market developments and growth strategies practiced and implemented by leading players have been presented in detail. Companies Mentioned Key Questions Answered in this report on High Purity Quartz Sand Market for UVC Lighting The report provides detailed information about the global high purity quartz sand market for UVC lighting on the basis of comprehensive research on various factors that are playing a key role in accelerating the growth of the market. Information mentioned in the report answers path-breaking questions for companies that are currently operating in the market and are looking for innovative methods to create a unique benchmark in the global high purity quartz market for UVC lighting, which would help them design successful strategies and make target-driven decisions. Key Topics Covered: 1. Preface 2. Assumptions and Research Methodology 2.1. Assumptions and Acronyms Used 2.2. Research Methodology 3. Executive Summary: Global High Purity Quartz Sand Market for UVC Lighting 3.1. Market Value, Indicative (US$ Thousand) 3.2. Top Three Trends 4. Market Overview 4.1. Product Overview 4.2. Key Market Developments 4.3. Market Indicators 5. Market Dynamics 5.1. Drivers and Restraints Snapshot Analysis 5.2. Porter's Five Forces Analysis 5.3. Value Chain Analysis 5.4. List of Potential Customers 6. Global High Purity Quartz Sand Market for UVC Lighting Output, 2019 7. Global High Purity Quartz Market for UVC Lighting : Price Trend Analysis, 2019 7.1. Global High Purity Quartz Price Trend, by Application (US$/Ton), 2019-2030 7.2. Global High Purity Quartz Price Trend, by Region (US$/Ton), 2019-2030 8. Global High Purity Quartz Sand Market for UVC Lighting Volume (Tons) and Value (US$ Thousand) Analysis, by Application 8.1. Key Findings and Introduction 8.2. Global High Purity Quartz Sand Market for UVC Lighting Volume (Tons) and Value (US$ Thousand) Forecast, by Application, 2019-2030 8.3. Global High Purity Quartz Sand Market for UVC Lighting Attractiveness Analysis, by Application 9. Global High Purity Quartz Sand Market for UVC Lighting Analysis, by Region 9.1. Global High Purity Quartz Sand Market for UVC Lighting Volume (Tons) and Value (US$ Thousand) Forecast, by Region 9.2. Global High Purity Quartz Sand Market for UVC Lighting Attractiveness Analysis, by Region 10. North America High Purity Quartz Sand Market for UVC Lighting Overview 11. Europe High Purity Quartz Sand Market for UVC Lighting Overview 12. Asia Pacific High Purity Quartz Sand Market for UVC Lighting Overview 13. Latin America High Purity Quartz Sand Market for UVC Lighting Overview 14. Middle East & Africa High Purity Quartz Sand Market for UVC Lighting Overview 15. Competition Landscape 15.1. Global High Purity Quartz Sand Market for UVC Lighting Share Analysis, by Company (2019) 15.2. Competition Matrix 15.3. Company Profiles 16. Primary Research: Key Insights For more information about this report visit https://www.researchandmarkets.com/r/yz59oq
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edtsum7362
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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, June 24, 2020 /PRNewswire/ --Zephyr, the company that has transformed the kitchen through design, discovery, and care, expands its Presrv Wine & Beverage Cooler collection with the introduction of the Presrv Outdoor Beverage Cooler. Zephyr Presrv Outdoor Beverage Cooler From elaborate outdoor kitchens to intimate patios, the 24-inch Presrv Outdoor Beverage Cooler transforms any size space into an outdoor entertaining center. A Full-Extension Wire Rack can hold wine bottles, craft beers, prepped veggies for the grill, and fruit garnishes for drinks. The extra-large interior of this beverage fridge features two adjustable glass shelves and can accommodate up to 136 12oz cans. The Presrv Outdoor Beverage Cooler is ENERGY STAR certified and is one of the coldest units on the market that ranges from 34- to 50-degrees Fahrenheit. PreciseTemp temperature control and Active Cooling Technology ensures even cooling throughout the unit, and a Vibration Dampening System mitigates the effects of movement around the cooler. The Presrv Outdoor Beverage Cooler has a durable exterior and is manufactured with 304-grade stainless steel perfect for entertaining throughout the seasons. The Presrv Outdoor Beverage Cooler can be built into the outdoor kitchen, or for freestanding installations, a set of 4 casters with wheel locks is available as an optional accessory. The beverage cooler comes with a professional-style handle and features white LED lighting. It has a reversible door and integrated lock for a clean, unobtrusive look. The beverage fridge also features a zero-clearance door hinge, which allows the cooler to integrate seamlessly within the outdoor kitchen island. According to a recent Houzz study, more than 60 percent of consumers have continued with their planned outdoor remodeling projects amidst the pandemic. "Outdoor kitchens and outdoor bars are more popular now than ever before, given the amount of time people are spending at home," says Luke Siow, Zephyr President. "Our Presrv Outdoor Beverage Cooler was designed with all the essential features for outdoor entertaining: durable materials; an extra-large interior; and technology that ensures even cooling so ice cold beverages are always on hand."About ZephyrFor more than 20 years, Zephyr has transformed the ventilation industry with design, discovery and care, and played an integral role in kitchen design trends. The company has challenged the perception of what ventilation means in kitchen design and created a new awareness of the importance of a high performing ventilation system. With acclaimed talent such as artistic visionary Fu-Tung Cheng, and industrial designer Robert Brunner, Zephyr is able to create cutting-edge residential range hoods unlike any other company. Zephyr continues its commitment to unexpected design with specialty kitchen appliances such as the recent introduction of Presrv its first collection of Wine and Beverage Coolers. For more information, visit zephyronline.com.SOURCE Zephyr Related Links https://zephyronline.com
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Zephyr Expands Wine & Beverage Cooler Collection with Presrv Outdoor Beverage Cooler Presrv Outdoor Beverage Cooler Enhances Outdoor Entertaining Experience
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SAN FRANCISCO, June 24, 2020 /PRNewswire/ --Zephyr, the company that has transformed the kitchen through design, discovery, and care, expands its Presrv Wine & Beverage Cooler collection with the introduction of the Presrv Outdoor Beverage Cooler. Zephyr Presrv Outdoor Beverage Cooler From elaborate outdoor kitchens to intimate patios, the 24-inch Presrv Outdoor Beverage Cooler transforms any size space into an outdoor entertaining center. A Full-Extension Wire Rack can hold wine bottles, craft beers, prepped veggies for the grill, and fruit garnishes for drinks. The extra-large interior of this beverage fridge features two adjustable glass shelves and can accommodate up to 136 12oz cans. The Presrv Outdoor Beverage Cooler is ENERGY STAR certified and is one of the coldest units on the market that ranges from 34- to 50-degrees Fahrenheit. PreciseTemp temperature control and Active Cooling Technology ensures even cooling throughout the unit, and a Vibration Dampening System mitigates the effects of movement around the cooler. The Presrv Outdoor Beverage Cooler has a durable exterior and is manufactured with 304-grade stainless steel perfect for entertaining throughout the seasons. The Presrv Outdoor Beverage Cooler can be built into the outdoor kitchen, or for freestanding installations, a set of 4 casters with wheel locks is available as an optional accessory. The beverage cooler comes with a professional-style handle and features white LED lighting. It has a reversible door and integrated lock for a clean, unobtrusive look. The beverage fridge also features a zero-clearance door hinge, which allows the cooler to integrate seamlessly within the outdoor kitchen island. According to a recent Houzz study, more than 60 percent of consumers have continued with their planned outdoor remodeling projects amidst the pandemic. "Outdoor kitchens and outdoor bars are more popular now than ever before, given the amount of time people are spending at home," says Luke Siow, Zephyr President. "Our Presrv Outdoor Beverage Cooler was designed with all the essential features for outdoor entertaining: durable materials; an extra-large interior; and technology that ensures even cooling so ice cold beverages are always on hand."About ZephyrFor more than 20 years, Zephyr has transformed the ventilation industry with design, discovery and care, and played an integral role in kitchen design trends. The company has challenged the perception of what ventilation means in kitchen design and created a new awareness of the importance of a high performing ventilation system. With acclaimed talent such as artistic visionary Fu-Tung Cheng, and industrial designer Robert Brunner, Zephyr is able to create cutting-edge residential range hoods unlike any other company. Zephyr continues its commitment to unexpected design with specialty kitchen appliances such as the recent introduction of Presrv its first collection of Wine and Beverage Coolers. For more information, visit zephyronline.com.SOURCE Zephyr Related Links https://zephyronline.com
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edtsum7367
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, March 12, 2021 /PRNewswire/ --Loews Corporation (NYSE: L) announced today that it has entered into a definitive agreement to sell 47% of Altium Packaging, a leading rigid plastic packaging and recycled resin company, to GIC, Singapore's sovereign wealth fund. The transaction is expected to closein the next 30 days. "We are pleased to welcome GIC as a shareholder of Altium Packaging. GIC is a well-established, long-term investor with a track record of success. Having Loews and GIC two world-class institutions as our partners will be invaluable as we continue to pursue our growth strategy and seek accretive acquisitions thatadd further scale and end-market diversification," said Sean Fallmann, President & CEO of Altium Packaging. The company serves a diverse network of market segmentsand is a leader in sustainable plastic packaging solutions. In addition, Altium's Envision Plastics recycled resin business is a top supplier of recycled high-density polyethylene in North America. Altium's Dura-Lite bottles are designed to use 10-25% less plastic than comparable traditional designs and are being created to serve the food, household chemical and industrial end-markets. The closing of the transaction is subject to customary closing conditions. This press release contains forward-looking statements relating to expectations, plans or prospects for Loews Corporation and its subsidiary, Altium Packaging, including with respect to Loews Corporation's expectation that the sale of a 47% interest inAltiumwill be consummated. These statements are based upon the current plans, expectations and beliefs of management of Loews Corporation and are subject to many risks and uncertainties that could cause actual results to differ materially from the current plans or expectations described in the forward-looking statements. Many of these risks and uncertainties are beyond the control of Loews Corporation. About Altium Packaging Altium Packaging is a leading customer-centric packaging solutions provider and manufacturer in North America. Altium specializes in customized mid- and short-run packaging solutions, serving a diverse customer base in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, water, and beverage/juice segments. Altium also operates a leading post-consumer resin recycling business, Envision Plastics. With 64 packaging manufacturing facilities in the U.S. and Canada, two recycled resin manufacturing facilities, and about 4,000 employees, Altium has an integrated network that consistently delivers reliable and cost-effective packaging and recycled resin solutions to meet the needs of a wide range of customers. From its state-of-the art Studio PKG, to the recycling technologies of Envision Plastics, to its experienced manufacturing teams across its network, Altium delivers high performance solutions to meet even the most challenging applications. Learn more atwww.altiumpkg.com. About Loews Corporation Loews Corporation is a diversified company with businesses in the insurance, energy, hospitality, and packaging industries. For more information, please visitwww.loews.com. About GIC GIC is a leading global investment firm established in 1981 to manage Singapore's foreign reserves. A disciplined long-term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including equities, fixed income, private equity, real estate and infrastructure. GIC invests through funds and directly in companies, partnering with its fund managers and management teams to help world-class businesses achieve their objectives. GIC has investments in over 40 countries around the world. Headquartered in Singapore, GIC employs over 1,700 people across 10 offices in key financial cities worldwide. For more information about GIC, please visit www.gic.com.sg. Loews Corporation Contact: Mary Skafidas 212-521-2788 [emailprotected] Altium Packaging Contact: Brian Hankin 678-742-4600 [emailprotected] GIC Contact: Katy Conrad 212-856-2407 [emailprotected] SOURCE Loews Corporation Related Links http://www.loews.com
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Loews Corporation Adds GIC as Partner in its Packaging Subsidiary GIC to acquire 47% stake in Altium Packaging valuing the company at US$2 billion
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NEW YORK, March 12, 2021 /PRNewswire/ --Loews Corporation (NYSE: L) announced today that it has entered into a definitive agreement to sell 47% of Altium Packaging, a leading rigid plastic packaging and recycled resin company, to GIC, Singapore's sovereign wealth fund. The transaction is expected to closein the next 30 days. "We are pleased to welcome GIC as a shareholder of Altium Packaging. GIC is a well-established, long-term investor with a track record of success. Having Loews and GIC two world-class institutions as our partners will be invaluable as we continue to pursue our growth strategy and seek accretive acquisitions thatadd further scale and end-market diversification," said Sean Fallmann, President & CEO of Altium Packaging. The company serves a diverse network of market segmentsand is a leader in sustainable plastic packaging solutions. In addition, Altium's Envision Plastics recycled resin business is a top supplier of recycled high-density polyethylene in North America. Altium's Dura-Lite bottles are designed to use 10-25% less plastic than comparable traditional designs and are being created to serve the food, household chemical and industrial end-markets. The closing of the transaction is subject to customary closing conditions. This press release contains forward-looking statements relating to expectations, plans or prospects for Loews Corporation and its subsidiary, Altium Packaging, including with respect to Loews Corporation's expectation that the sale of a 47% interest inAltiumwill be consummated. These statements are based upon the current plans, expectations and beliefs of management of Loews Corporation and are subject to many risks and uncertainties that could cause actual results to differ materially from the current plans or expectations described in the forward-looking statements. Many of these risks and uncertainties are beyond the control of Loews Corporation. About Altium Packaging Altium Packaging is a leading customer-centric packaging solutions provider and manufacturer in North America. Altium specializes in customized mid- and short-run packaging solutions, serving a diverse customer base in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, water, and beverage/juice segments. Altium also operates a leading post-consumer resin recycling business, Envision Plastics. With 64 packaging manufacturing facilities in the U.S. and Canada, two recycled resin manufacturing facilities, and about 4,000 employees, Altium has an integrated network that consistently delivers reliable and cost-effective packaging and recycled resin solutions to meet the needs of a wide range of customers. From its state-of-the art Studio PKG, to the recycling technologies of Envision Plastics, to its experienced manufacturing teams across its network, Altium delivers high performance solutions to meet even the most challenging applications. Learn more atwww.altiumpkg.com. About Loews Corporation Loews Corporation is a diversified company with businesses in the insurance, energy, hospitality, and packaging industries. For more information, please visitwww.loews.com. About GIC GIC is a leading global investment firm established in 1981 to manage Singapore's foreign reserves. A disciplined long-term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including equities, fixed income, private equity, real estate and infrastructure. GIC invests through funds and directly in companies, partnering with its fund managers and management teams to help world-class businesses achieve their objectives. GIC has investments in over 40 countries around the world. Headquartered in Singapore, GIC employs over 1,700 people across 10 offices in key financial cities worldwide. For more information about GIC, please visit www.gic.com.sg. Loews Corporation Contact: Mary Skafidas 212-521-2788 [emailprotected] Altium Packaging Contact: Brian Hankin 678-742-4600 [emailprotected] GIC Contact: Katy Conrad 212-856-2407 [emailprotected] SOURCE Loews Corporation Related Links http://www.loews.com
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edtsum7373
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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: SYDNEY & IRVINE, Calif.--(BUSINESS WIRE)--Morse Micro, an Australian start-up reinventing Wi-Fi for the Internet of Things (IoT), today announced that it has been named a CES 2021 Innovation Awards Honoree for its Wi-Fi HaLow technology in the Embedded Technologies category. The CES Innovation Awards is an annual competition honoring outstanding design and engineering in consumer technology products. Morse Micro Wi-Fi HaLow will be on display at the CES website and during the all-digital CES from January 11-14, 2021. Morse Micros smallest Wi-Fi HaLow system-on-chip provides 10 times the range, 100 times the area and 1000 times the volume of traditional Wi-Fi. Utilizing narrow frequency bands in the unlicensed sub-1 GHz spectrum and away from the highly-congested 2.4 GHz traditional Wi-Fi. Wi-Fi HaLow penetrates obstacles more easily and reaches farther than 1km. Developed specifically for the modern Internet of Things (IoT), a single Wi-Fi HaLow Access Point (AP) can securely connect up to 8,191 devices which simplifies network deployment and reduces costs. The ultra-long range and massive capacity of our Wi-Fi HaLow technology along with its ultra-low-power is a game changer for the IoT, said Michael De Nil, co-founder and chief executive officer at Morse Micro. We are thrilled that our chip is being recognized as the best in innovation by CES for its design and engineering attributes in the embedded technologies category, and even more excited about what lies ahead. Winning the 2021 CES Innovation Award culminates a tremendous end of year for Morse Micro. The company announced an additional new funding round in November and was recently named 2020 Best Wi-Fi Startup and the Best Wi-Fi IoT Product for its Wi-Fi HaLow 802.11ah solution at the 2020 Wi-Fi NOW Awards. Morse Micro flexible solutions solve connectivity across the IoT ecosystem and overcome the fundamental weaknesses of existing wireless technologies offering ultra-low power, longer range, and secure connections at a much higher capacity. Morse Micros strong and diverse system portfolio of IP and patents plays a critical role in Wi-Fi HaLow across the complete IoT ecosystem, from surveillance systems and access control to industrial automation and mobile devices, while allowing for maximum wireless connectivity using the most ubiquitous wireless communications protocol, Wi-Fi. About the CES Innovation Awards The CES Innovation Awards program, owned and produced by the Consumer Technology Association (CTA), is an annual competition honoring outstanding design and engineering in consumer technology products across 28 product categories. An elite panel of industry expert judges, including members of the media, designers, engineers and more, reviewed submissions based on engineering qualities, aesthetic and design, functionality and consumer appeal. About Morse Micro Morse Micro is a fast-growing wireless integrated circuit solutions company that is reinventing Wi-Fi for the Internet of Things (IoT). The company was founded by Wi-Fi pioneers and innovators, Michael De Nil and Andrew Terry, joined by the original Wi-Fi inventor Prof. Neil Weste and wireless industry veterans, whose teams designed Wi-Fi chips into billions of smartphones. Headquartered in Australia with offices in China and the U.S., Morse Micros strong and diverse system team, portfolio of IP and patents, enables Wi-Fi HaLow connectivity across the complete IoT ecosystem, from surveillance systems and access control to industrial automation and mobile devices, allowing connected devices to reach farther. www.morsemicro.com
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Morse Micro Receives CES 2021 Innovation Award for Its Wi-Fi HaLow Technology CES Award Highlights Morse Micros Wi-Fi HaLow Product Leadership Across the IoT Ecosystem
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SYDNEY & IRVINE, Calif.--(BUSINESS WIRE)--Morse Micro, an Australian start-up reinventing Wi-Fi for the Internet of Things (IoT), today announced that it has been named a CES 2021 Innovation Awards Honoree for its Wi-Fi HaLow technology in the Embedded Technologies category. The CES Innovation Awards is an annual competition honoring outstanding design and engineering in consumer technology products. Morse Micro Wi-Fi HaLow will be on display at the CES website and during the all-digital CES from January 11-14, 2021. Morse Micros smallest Wi-Fi HaLow system-on-chip provides 10 times the range, 100 times the area and 1000 times the volume of traditional Wi-Fi. Utilizing narrow frequency bands in the unlicensed sub-1 GHz spectrum and away from the highly-congested 2.4 GHz traditional Wi-Fi. Wi-Fi HaLow penetrates obstacles more easily and reaches farther than 1km. Developed specifically for the modern Internet of Things (IoT), a single Wi-Fi HaLow Access Point (AP) can securely connect up to 8,191 devices which simplifies network deployment and reduces costs. The ultra-long range and massive capacity of our Wi-Fi HaLow technology along with its ultra-low-power is a game changer for the IoT, said Michael De Nil, co-founder and chief executive officer at Morse Micro. We are thrilled that our chip is being recognized as the best in innovation by CES for its design and engineering attributes in the embedded technologies category, and even more excited about what lies ahead. Winning the 2021 CES Innovation Award culminates a tremendous end of year for Morse Micro. The company announced an additional new funding round in November and was recently named 2020 Best Wi-Fi Startup and the Best Wi-Fi IoT Product for its Wi-Fi HaLow 802.11ah solution at the 2020 Wi-Fi NOW Awards. Morse Micro flexible solutions solve connectivity across the IoT ecosystem and overcome the fundamental weaknesses of existing wireless technologies offering ultra-low power, longer range, and secure connections at a much higher capacity. Morse Micros strong and diverse system portfolio of IP and patents plays a critical role in Wi-Fi HaLow across the complete IoT ecosystem, from surveillance systems and access control to industrial automation and mobile devices, while allowing for maximum wireless connectivity using the most ubiquitous wireless communications protocol, Wi-Fi. About the CES Innovation Awards The CES Innovation Awards program, owned and produced by the Consumer Technology Association (CTA), is an annual competition honoring outstanding design and engineering in consumer technology products across 28 product categories. An elite panel of industry expert judges, including members of the media, designers, engineers and more, reviewed submissions based on engineering qualities, aesthetic and design, functionality and consumer appeal. About Morse Micro Morse Micro is a fast-growing wireless integrated circuit solutions company that is reinventing Wi-Fi for the Internet of Things (IoT). The company was founded by Wi-Fi pioneers and innovators, Michael De Nil and Andrew Terry, joined by the original Wi-Fi inventor Prof. Neil Weste and wireless industry veterans, whose teams designed Wi-Fi chips into billions of smartphones. Headquartered in Australia with offices in China and the U.S., Morse Micros strong and diverse system team, portfolio of IP and patents, enables Wi-Fi HaLow connectivity across the complete IoT ecosystem, from surveillance systems and access control to industrial automation and mobile devices, allowing connected devices to reach farther. www.morsemicro.com
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edtsum7376
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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: SINGAPORE, Nov. 18, 2020 /PRNewswire/ -- Martial arts organization ONE Championship today announced a multifaceted global partnership with Facebook that includes distribution of exclusive content on Facebook Watch, a Facebook Gaming channel where ONE's top athletes will stream gameplay and gaming commentary, and the addition of ONE Virtual Reality content to the Venues app on the Oculus platform. ONE Championship and Facebook have long worked together in bringing the most exciting martial arts content to millions of fans globally, leveraging the platform's power. ONE's Facebook page now exceeds 25M+ followers and the company exceeded 5 billion platform video views in 2019. "ONE Championship is committed to finding new ways to connect authentically with our fans and allow them to experience the stories of hope, strength, dreams, and inspiration created by our athlete superheroes. Our long-term partnership with Facebook has been instrumental in allowing us to build reach and audiences around the world. We are excited to expand our partnership and leverage the power of the Facebook platform, be that VR with Oculus, the rapid growth of esports and community gaming with Facebook Gaming, or simply non-stop action clips for Facebook Watch you cannot find anywhere else," said Hari Vijayarajan, Group CCO of ONE Championship. The partnership's agreement includes: An agreement to deliver custom content to martial arts fans globally, featuring unique camera angles, behind-the-scenes footage and more, exclusively made for Facebook Watch and IGTV. The joint launch of ONE Championship and ONE Esports Facebook Gaming channel, where fans can watch their favorite ONE athletes stream their gaming activity exclusively on Facebook Gaming, playing and engaging daily. The launch of "Only on Oculus" next-generation VR content in the Venues app for Oculus Quest where martial arts fans across the globe can experience the best seat in the house, virtually. "We're thrilled to extend our partnership with ONE Championship as we grow our sports collaboration across our platform. Community is at the core of ONE Championship and we will continue to help them reach their audiences whether it is through premium content in Facebook Watch, or to our new engagement opportunities through Facebook Gaming. The announcement today to also bring content to the Oculus platform is testament to ONE Championship's ability to anticipate where their community will engage and create a meaningful experience for fans," said Joyee Biswas, Director Sports Partnerships Facebook Asia Pacific. SOURCE Group ONE Holdings Pte Ltd Related Links http://www.onefc.com
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ONE Championship Announces Global Partnership with Facebook Spanning Exclusive Content, Facebook Gaming and Oculus
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SINGAPORE, Nov. 18, 2020 /PRNewswire/ -- Martial arts organization ONE Championship today announced a multifaceted global partnership with Facebook that includes distribution of exclusive content on Facebook Watch, a Facebook Gaming channel where ONE's top athletes will stream gameplay and gaming commentary, and the addition of ONE Virtual Reality content to the Venues app on the Oculus platform. ONE Championship and Facebook have long worked together in bringing the most exciting martial arts content to millions of fans globally, leveraging the platform's power. ONE's Facebook page now exceeds 25M+ followers and the company exceeded 5 billion platform video views in 2019. "ONE Championship is committed to finding new ways to connect authentically with our fans and allow them to experience the stories of hope, strength, dreams, and inspiration created by our athlete superheroes. Our long-term partnership with Facebook has been instrumental in allowing us to build reach and audiences around the world. We are excited to expand our partnership and leverage the power of the Facebook platform, be that VR with Oculus, the rapid growth of esports and community gaming with Facebook Gaming, or simply non-stop action clips for Facebook Watch you cannot find anywhere else," said Hari Vijayarajan, Group CCO of ONE Championship. The partnership's agreement includes: An agreement to deliver custom content to martial arts fans globally, featuring unique camera angles, behind-the-scenes footage and more, exclusively made for Facebook Watch and IGTV. The joint launch of ONE Championship and ONE Esports Facebook Gaming channel, where fans can watch their favorite ONE athletes stream their gaming activity exclusively on Facebook Gaming, playing and engaging daily. The launch of "Only on Oculus" next-generation VR content in the Venues app for Oculus Quest where martial arts fans across the globe can experience the best seat in the house, virtually. "We're thrilled to extend our partnership with ONE Championship as we grow our sports collaboration across our platform. Community is at the core of ONE Championship and we will continue to help them reach their audiences whether it is through premium content in Facebook Watch, or to our new engagement opportunities through Facebook Gaming. The announcement today to also bring content to the Oculus platform is testament to ONE Championship's ability to anticipate where their community will engage and create a meaningful experience for fans," said Joyee Biswas, Director Sports Partnerships Facebook Asia Pacific. SOURCE Group ONE Holdings Pte Ltd Related Links http://www.onefc.com
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edtsum7389
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEWARK, N.J., March 31, 2020 /PRNewswire/ -- IDT Corporation (NYSE: IDT), a global provider of communications and payment services, announced today that BOSS Revolution Mobile will give its customers more a lot more - high-speed, 4G LTE data throughout the month of April. "Families sheltering at home are consuming unprecedented levels of high-speed data," said Gabi Schecter, EVP at IDT Telecom. "Data helps them stay in touch with family and friends around the world, as well as monitor current events and catch up on favorite shows. We are helping our customers with more high-speed 4G LTE data when they need it most." In April, BOSS Revolution Mobile customers who are on the $20, $30 and $40 unlimited monthly plans will receive double the normal high-speed 4G LTE data.Customers who are on the $50 unlimited monthly plan will receive an extra 10 GB of high-speed 4G LTE data for the month of April: Customers on our 1 GB plan ($20/month) get 2 GB of high-speed 4G LTE data Customers on our 5 GB plan ($30/month) get 10 GB of high speed 4G LTE data Customers on our 15 GB plan ($40/month) get 30 GB of high speed 4G LTE data Customers on our 50 GB plan ($50/month) get 60 GB of high speed 4G LTE data All BOSS Revolution Mobile customers always enjoy the power of the unlimited: Unlimited domestic calls Unlimited international calls to 65+ popular destinations including Mexico, Brazil, Spain, Colombia, Argentina and Puerto Rico. Unlimited calls to the rest of the world using Wi-Fi and the Boss Revolution calling app Unlimited texts Unlimited 3G data The BOSS Revolution Mobile service, phones and SIM chips are available at select BOSS Revolution Retail stores nationwide and online. "BOSS Revolution Mobile is great way to reduce your monthly phone bill," added Mr. Schecter. "In April, it's better than ever with more high-speed data than ever before. We're always making it more convenient and affordable for our customers to keep in touch with friends and family around the world." About IDT Corporation:IDT Corporation(NYSE: IDT) provides communications and payment services to individuals and businesses primarily through its Boss Revolution, net2phone and National Retail Solutions brands.IDT's wholesale carrier services business is a leading global carrier of international long-distance calls. For more information on IDT, visit www.idt.net. SOURCE IDT Corporation Related Links http://www.idt.net
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BOSS Revolution Mobile Steps Up with More High-Speed Data Helping Families Stay in Touch During the COVID-19 Pandemic
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NEWARK, N.J., March 31, 2020 /PRNewswire/ -- IDT Corporation (NYSE: IDT), a global provider of communications and payment services, announced today that BOSS Revolution Mobile will give its customers more a lot more - high-speed, 4G LTE data throughout the month of April. "Families sheltering at home are consuming unprecedented levels of high-speed data," said Gabi Schecter, EVP at IDT Telecom. "Data helps them stay in touch with family and friends around the world, as well as monitor current events and catch up on favorite shows. We are helping our customers with more high-speed 4G LTE data when they need it most." In April, BOSS Revolution Mobile customers who are on the $20, $30 and $40 unlimited monthly plans will receive double the normal high-speed 4G LTE data.Customers who are on the $50 unlimited monthly plan will receive an extra 10 GB of high-speed 4G LTE data for the month of April: Customers on our 1 GB plan ($20/month) get 2 GB of high-speed 4G LTE data Customers on our 5 GB plan ($30/month) get 10 GB of high speed 4G LTE data Customers on our 15 GB plan ($40/month) get 30 GB of high speed 4G LTE data Customers on our 50 GB plan ($50/month) get 60 GB of high speed 4G LTE data All BOSS Revolution Mobile customers always enjoy the power of the unlimited: Unlimited domestic calls Unlimited international calls to 65+ popular destinations including Mexico, Brazil, Spain, Colombia, Argentina and Puerto Rico. Unlimited calls to the rest of the world using Wi-Fi and the Boss Revolution calling app Unlimited texts Unlimited 3G data The BOSS Revolution Mobile service, phones and SIM chips are available at select BOSS Revolution Retail stores nationwide and online. "BOSS Revolution Mobile is great way to reduce your monthly phone bill," added Mr. Schecter. "In April, it's better than ever with more high-speed data than ever before. We're always making it more convenient and affordable for our customers to keep in touch with friends and family around the world." About IDT Corporation:IDT Corporation(NYSE: IDT) provides communications and payment services to individuals and businesses primarily through its Boss Revolution, net2phone and National Retail Solutions brands.IDT's wholesale carrier services business is a leading global carrier of international long-distance calls. For more information on IDT, visit www.idt.net. SOURCE IDT Corporation Related Links http://www.idt.net
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edtsum7393
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: BOSTON, April 30, 2020 /PRNewswire/ -- When some full-function, always-on smartwatches are able to self-charge, the others will look like the horse-drawn cart. When Internet of Things nodes are self-charging at the right size and price, the market for them will increase one thousand times. Some promising future applications by preferred technology. Most likely to create a large value market for electronic device harvesting shown yellow. The new 220 page IDTechEx report, "Energy Harvesting for Electronic Devices 2020-2040" comes at just the right time. The world's first self-powered smartwatches have just arrived. They are not full function but we are getting there by making electricity from heat, movement and light, increasingly in combinations. That billion-a-year smartwatch potential will be followed by similar numbers of IoT nodes. Conquering that high ground will enable solutions for Tesla vehicle electronics, Airbus aircraft and much more. The pendulum generator basic smartwatch competes with one that melds thermoelectrics and solar. A new Garmin smartwatch gets some help from solar glass. All three next? There are precedents. EnOcean wireless, no-battery building controls already harvest up to three modes. The new 20-year forecasts incorporate that multiplier effect powering sales of harvesters for use in electronic devices to well beyond $2 billion in 2030 and much more beyond. What next? Winners? Losers? Technology roadmaps and sales forecasts? All in the report because of its unique scope and PhD level insights from multi-lingual IDTechEx analysts. Energy independent low power wireless networks, 5G devices, smart skin patches electrically powered by sweat, implants and medical wearables powered by heartbeats, temperature differences, blood flow. All are being demonstrated. The 25-page executive summary and conclusions are easily read because many new infograms pull together the needs, challenges and potential, comparing forecasts, leaders, market drivers and battery elimination milestones ahead. Dip into the next 25 pages of new 20 year forecasts as you wish triboelectric, photovoltaic, electrodynamic, thermoelectric, piezoelectric and others backed by forecasts for those smartwatches, pico products, wearable technologies, medical, IoT and other uses. Chapter 2 introduces the principles, compares the technologies in many ways including vibration harvesting parameters achieved, what exactly is needed and companies to contact. Chapter 3 explains 12 photovoltaic technologies and their future. Chapter 4 explains why IDTechEx believes that triboelectrics is coming from nowhere with its initial sales of battery-free, dust-filtering, electric face masks in 2019 to be a strong contender overall. It will use non-toxic, affordable materials in a dazzling array of applications. An example is work on a smartwatch integral battery + harvester in one smart composite with two harvesting modes. The Chinese government is now massively supporting triboelectric harvester research with many research centres and over 200 PhD projects at a time. Chapter 5 explores the burgeoning thermoelectric improvements and applications from smartwatches to IoT nodes and fit-and-forget industrial uses. Chapter 6 surprises with electrodynamics technology presented and how it has already replaced tens of millions of batteries by using instead, microturbine and micro-pendulum generators in electronic toilets, pipeline sensors, watches and pitched for IoT. Hand-crank and pull-charged medical and consumer electronics are proliferating.Why the big effort on electrodynamic, thermoelectric and other harvesting in humans? Here is just part of the answer. We need fit-and-forget electronic implants dealing with the epidemic of diabetes. Heart pacemakers saved over three million lives, but the 600,000 pacemakers now implanted every year have batteries lasting no more than seven years. Fit-and-forget please. They are sometimes fitted to two-year-olds.Chapter 7 does it all for piezoelectrics. Chapter 8 rounds off with harvesting man-made ambient electromagnetic radiation from 50Hz power lines to the new ambient terahertz inventions and also other harvesting. Throughout the report, common themes include flexible, transparent, biocompatible and stretchable versions to transform wearables and healthcare. Battery elimination can include demonstrated stretchable, woven supercapacitors. The IDTechEx report, "Energy Harvesting for Electronic Devices 2020-2040" identifies many gaps in the market. No nostalgia or obscure calculations. The emphasis is on creating new business and benefitting society. For more information on this report please visit www.IDTechEx.com/EHDev or the for the full portfolio of energy harvesting research available from IDTechEx please visit www.IDTechEx.com/research/OG. IDTechEx guides your strategic business decisions through its Research, Consultancy and Event products, helping you profit from emerging technologies. For more information on IDTechEx Research and Consultancy, contact [emailprotected] or visit www.IDTechEx.com.Media Contact:Jessica AbineriMarketing Coordinator[emailprotected]+44 (0)122-381-2300SOURCE IDTechEx Related Links http://www.IDTechEx.com
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Self-charging Everything: New IDTechEx Report on the Battle for the High Ground
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BOSTON, April 30, 2020 /PRNewswire/ -- When some full-function, always-on smartwatches are able to self-charge, the others will look like the horse-drawn cart. When Internet of Things nodes are self-charging at the right size and price, the market for them will increase one thousand times. Some promising future applications by preferred technology. Most likely to create a large value market for electronic device harvesting shown yellow. The new 220 page IDTechEx report, "Energy Harvesting for Electronic Devices 2020-2040" comes at just the right time. The world's first self-powered smartwatches have just arrived. They are not full function but we are getting there by making electricity from heat, movement and light, increasingly in combinations. That billion-a-year smartwatch potential will be followed by similar numbers of IoT nodes. Conquering that high ground will enable solutions for Tesla vehicle electronics, Airbus aircraft and much more. The pendulum generator basic smartwatch competes with one that melds thermoelectrics and solar. A new Garmin smartwatch gets some help from solar glass. All three next? There are precedents. EnOcean wireless, no-battery building controls already harvest up to three modes. The new 20-year forecasts incorporate that multiplier effect powering sales of harvesters for use in electronic devices to well beyond $2 billion in 2030 and much more beyond. What next? Winners? Losers? Technology roadmaps and sales forecasts? All in the report because of its unique scope and PhD level insights from multi-lingual IDTechEx analysts. Energy independent low power wireless networks, 5G devices, smart skin patches electrically powered by sweat, implants and medical wearables powered by heartbeats, temperature differences, blood flow. All are being demonstrated. The 25-page executive summary and conclusions are easily read because many new infograms pull together the needs, challenges and potential, comparing forecasts, leaders, market drivers and battery elimination milestones ahead. Dip into the next 25 pages of new 20 year forecasts as you wish triboelectric, photovoltaic, electrodynamic, thermoelectric, piezoelectric and others backed by forecasts for those smartwatches, pico products, wearable technologies, medical, IoT and other uses. Chapter 2 introduces the principles, compares the technologies in many ways including vibration harvesting parameters achieved, what exactly is needed and companies to contact. Chapter 3 explains 12 photovoltaic technologies and their future. Chapter 4 explains why IDTechEx believes that triboelectrics is coming from nowhere with its initial sales of battery-free, dust-filtering, electric face masks in 2019 to be a strong contender overall. It will use non-toxic, affordable materials in a dazzling array of applications. An example is work on a smartwatch integral battery + harvester in one smart composite with two harvesting modes. The Chinese government is now massively supporting triboelectric harvester research with many research centres and over 200 PhD projects at a time. Chapter 5 explores the burgeoning thermoelectric improvements and applications from smartwatches to IoT nodes and fit-and-forget industrial uses. Chapter 6 surprises with electrodynamics technology presented and how it has already replaced tens of millions of batteries by using instead, microturbine and micro-pendulum generators in electronic toilets, pipeline sensors, watches and pitched for IoT. Hand-crank and pull-charged medical and consumer electronics are proliferating.Why the big effort on electrodynamic, thermoelectric and other harvesting in humans? Here is just part of the answer. We need fit-and-forget electronic implants dealing with the epidemic of diabetes. Heart pacemakers saved over three million lives, but the 600,000 pacemakers now implanted every year have batteries lasting no more than seven years. Fit-and-forget please. They are sometimes fitted to two-year-olds.Chapter 7 does it all for piezoelectrics. Chapter 8 rounds off with harvesting man-made ambient electromagnetic radiation from 50Hz power lines to the new ambient terahertz inventions and also other harvesting. Throughout the report, common themes include flexible, transparent, biocompatible and stretchable versions to transform wearables and healthcare. Battery elimination can include demonstrated stretchable, woven supercapacitors. The IDTechEx report, "Energy Harvesting for Electronic Devices 2020-2040" identifies many gaps in the market. No nostalgia or obscure calculations. The emphasis is on creating new business and benefitting society. For more information on this report please visit www.IDTechEx.com/EHDev or the for the full portfolio of energy harvesting research available from IDTechEx please visit www.IDTechEx.com/research/OG. IDTechEx guides your strategic business decisions through its Research, Consultancy and Event products, helping you profit from emerging technologies. For more information on IDTechEx Research and Consultancy, contact [emailprotected] or visit www.IDTechEx.com.Media Contact:Jessica AbineriMarketing Coordinator[emailprotected]+44 (0)122-381-2300SOURCE IDTechEx Related Links http://www.IDTechEx.com
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edtsum7398
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: SAN JOSE, Calif., Feb. 22, 2021 /PRNewswire/ -- Montage Technology, a leading IC design company, was recently appointed to the Board of Directors of JEDEC (Joint Electron Device Engineering Council, now known as the JEDEC Solid State Technology Association). Christopher Cox, Vice President of Strategic Technology at Montage Technology joined the board, which provides governance over the JEDEC committees and Task Groups. JEDEC is the global leader in developing open standards for the microelectronics industry. The mission of JEDEC is to serve the solid state industry by creating, publishing and promoting global acceptance of standards, and by providing a forum for technical exchange on leading industry topics. The organization consists of over 300 member companies globally working in more than 100 committees and subcommittees. Today, the JEDEC standards and publications have been widely adopted in mainstream semiconductor memory circuits and similar storage devices worldwide. The Board of Directors at JEDEC plays a critical role in preparing, reviewing and approving standards and materials to meet the ever-changing challenges and needs for global manufacturers and suppliers. Since 2004, Montage Technology has been an active contributor leading DRAM, Register and Buffer task groups and promoting the standardization of DDR technology. Currently, Montage is serving as the chair of three committees and sub committees. "Montage is thrilled to join the Board of JEDEC. For years, our team has been actively taking the lead in JEDEC initiatives in building the memory standards," said Dr. Howard Yang, Chairman and CEO of Montage Technology, "Montage is looking forward to bringing our experience to further facilitate the development of open standards within the organization and empower global collaboration and synergy across the industries." As the Vice President of Strategic Technology at Montage Technology, Mr. Cox oversees new technology initiatives as well as strategic planning for the company. Previously he spent over 27 years in the technology sector working for companies like Intel, 3Dfx and AMD where he worked on everything from Memory architecture to Audio BIOS design. Mr. Cox is a significant innovator who holds over 100 patents across the different countries. For more information about JEDEC Board of Directors, please visit: https://www.jedec.org/about-jedec/board-directors About Montage Technology Founded in 2004, Montage Technology is a leading IC design company dedicated to providing high-performance, low-power IC solutions for cloud computing and data center markets. For more information about Montage Technology, please visit: https://www.montage-tech.com SOURCE Montage Technology
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Montage Technology Appointed to the Board of Directors of JEDEC
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SAN JOSE, Calif., Feb. 22, 2021 /PRNewswire/ -- Montage Technology, a leading IC design company, was recently appointed to the Board of Directors of JEDEC (Joint Electron Device Engineering Council, now known as the JEDEC Solid State Technology Association). Christopher Cox, Vice President of Strategic Technology at Montage Technology joined the board, which provides governance over the JEDEC committees and Task Groups. JEDEC is the global leader in developing open standards for the microelectronics industry. The mission of JEDEC is to serve the solid state industry by creating, publishing and promoting global acceptance of standards, and by providing a forum for technical exchange on leading industry topics. The organization consists of over 300 member companies globally working in more than 100 committees and subcommittees. Today, the JEDEC standards and publications have been widely adopted in mainstream semiconductor memory circuits and similar storage devices worldwide. The Board of Directors at JEDEC plays a critical role in preparing, reviewing and approving standards and materials to meet the ever-changing challenges and needs for global manufacturers and suppliers. Since 2004, Montage Technology has been an active contributor leading DRAM, Register and Buffer task groups and promoting the standardization of DDR technology. Currently, Montage is serving as the chair of three committees and sub committees. "Montage is thrilled to join the Board of JEDEC. For years, our team has been actively taking the lead in JEDEC initiatives in building the memory standards," said Dr. Howard Yang, Chairman and CEO of Montage Technology, "Montage is looking forward to bringing our experience to further facilitate the development of open standards within the organization and empower global collaboration and synergy across the industries." As the Vice President of Strategic Technology at Montage Technology, Mr. Cox oversees new technology initiatives as well as strategic planning for the company. Previously he spent over 27 years in the technology sector working for companies like Intel, 3Dfx and AMD where he worked on everything from Memory architecture to Audio BIOS design. Mr. Cox is a significant innovator who holds over 100 patents across the different countries. For more information about JEDEC Board of Directors, please visit: https://www.jedec.org/about-jedec/board-directors About Montage Technology Founded in 2004, Montage Technology is a leading IC design company dedicated to providing high-performance, low-power IC solutions for cloud computing and data center markets. For more information about Montage Technology, please visit: https://www.montage-tech.com SOURCE Montage Technology
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edtsum7405
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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., Feb. 22, 2021 /PRNewswire/ -- TAG by Cherry Bekaert, a practice specializing in the New Markets Tax ("NMTC") Credit, Historic Tax Credit ("HTC"), and other capital services, is pleased to welcome Scott Scheffy to join as a manager for the Southeast U.S. The recent five-year extension of the NMTC Program of $5 billion in NMTC authority allows TAG by Cherry Bekaert to strategically grow its practice across the U.S. As a leader in the NMTC industry, Scott's role will serve to expand and grow TAG's service area, with a focus on Southeast states, including: Florida, Louisiana, Alabama, Mississippi, and Texas. Scott's primary industry focus will be in Healthcare, Non-Profit and Private Equity. "We are excited to have Scott join the firm and apply his more than 15 years of passion and broad knowledge to support continued growth and expansion across the Southeast. Increasing resources in this area will enable us to reach additional disadvantaged businesses and communities through helping projects secure funding through the NMTC Program, the HTC Program, and others," said Tammy Propst, Managing Director of TAG by Cherry Bekaert. Scott brings a wealth of experience having successfully closed more than $340 million of investment, including $198 million in federal NMTC allocations and over $50 million in state NMTC allocation deals. He was also integral in third-party NMTC investments totaling more than $90 million. Scott's efforts have resulted in the creation of 6,954 direct jobs, access to healthy food for 9,527 low-income community residents, and the construction of more than 125 units of affordable housing. Prior to joining Cherry Bekaert, Scott managed structuring, compliance, reporting, and monitoring tax credit transactions at Hancock Whitney Bank/Hancock Whitney New Markets Fund for 15 years. He was also instrumental in the formation of five Opportunity Zone funds totaling $40 million, which invested into four Low-Income Housing Tax Credit transactions across Mississippi, Florida, Louisiana, and Texas. TAG by Cherry Bekaert has structured and facilitated NMTC investments totaling $918 million to 76 businesses, non-profits and real estate developments across the United States. The funds leverage over $2.2 billion in combined project costs. To date, TAG's portfolio has created 23,596 direct jobs, served over 612,000 residents through its non-profit investments, and helped create over 8.9 million square feet of new and improved commercial and industrial real estate. About Tax Advantage Group by Cherry BekaertTax Advantage Group by Cherry Bekaert specializes in New Markets Tax Credits, and other capital sources, helping non-profit and for-profit organizations access capital and transform communities. In addition to managing $545 million of NMTC assets, and drafting over $1 billion in successful NMTC Applications, since 2004 TAG has played an instrumental role in securing funding for over $1.5 billion for community and economic development projects across the United States. SOURCE Cherry Bekaert LLP Related Links https://www.cbh.com
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TAG by Cherry Bekaert Expands Activity with the Strategic Addition of Scott Scheffy
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RICHMOND, Va., Feb. 22, 2021 /PRNewswire/ -- TAG by Cherry Bekaert, a practice specializing in the New Markets Tax ("NMTC") Credit, Historic Tax Credit ("HTC"), and other capital services, is pleased to welcome Scott Scheffy to join as a manager for the Southeast U.S. The recent five-year extension of the NMTC Program of $5 billion in NMTC authority allows TAG by Cherry Bekaert to strategically grow its practice across the U.S. As a leader in the NMTC industry, Scott's role will serve to expand and grow TAG's service area, with a focus on Southeast states, including: Florida, Louisiana, Alabama, Mississippi, and Texas. Scott's primary industry focus will be in Healthcare, Non-Profit and Private Equity. "We are excited to have Scott join the firm and apply his more than 15 years of passion and broad knowledge to support continued growth and expansion across the Southeast. Increasing resources in this area will enable us to reach additional disadvantaged businesses and communities through helping projects secure funding through the NMTC Program, the HTC Program, and others," said Tammy Propst, Managing Director of TAG by Cherry Bekaert. Scott brings a wealth of experience having successfully closed more than $340 million of investment, including $198 million in federal NMTC allocations and over $50 million in state NMTC allocation deals. He was also integral in third-party NMTC investments totaling more than $90 million. Scott's efforts have resulted in the creation of 6,954 direct jobs, access to healthy food for 9,527 low-income community residents, and the construction of more than 125 units of affordable housing. Prior to joining Cherry Bekaert, Scott managed structuring, compliance, reporting, and monitoring tax credit transactions at Hancock Whitney Bank/Hancock Whitney New Markets Fund for 15 years. He was also instrumental in the formation of five Opportunity Zone funds totaling $40 million, which invested into four Low-Income Housing Tax Credit transactions across Mississippi, Florida, Louisiana, and Texas. TAG by Cherry Bekaert has structured and facilitated NMTC investments totaling $918 million to 76 businesses, non-profits and real estate developments across the United States. The funds leverage over $2.2 billion in combined project costs. To date, TAG's portfolio has created 23,596 direct jobs, served over 612,000 residents through its non-profit investments, and helped create over 8.9 million square feet of new and improved commercial and industrial real estate. About Tax Advantage Group by Cherry BekaertTax Advantage Group by Cherry Bekaert specializes in New Markets Tax Credits, and other capital sources, helping non-profit and for-profit organizations access capital and transform communities. In addition to managing $545 million of NMTC assets, and drafting over $1 billion in successful NMTC Applications, since 2004 TAG has played an instrumental role in securing funding for over $1.5 billion for community and economic development projects across the United States. SOURCE Cherry Bekaert LLP Related Links https://www.cbh.com
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edtsum7410
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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: ELKHART, Ind., April 20, 2021 /PRNewswire/ --Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced the closing of its previously announced private offering of $350million aggregate principal amount of its 4.75% senior notes due 2029 (the "Notes"), at an issue price of 100% of the principal amount of the Notes, in a private placement exempt from registration under the Securities Act of 1933. Net proceeds from the offering, together with borrowings under the new credit facility that Patrick entered into following the issuance of the Notes, were used to repay a portion of the Company's borrowings under its existing senior secured credit facility and to pay fees and expenses in connection with the foregoing. The remaining net proceeds will be used for general corporate purposes. Concurrent with the completion of the offering, the Company amended and restated its credit agreement (the "2021 Credit Agreement") to establish a new $700 million senior secured credit facility consisting of a $550 million revolving credit facility (the "2021 Revolver") and a $150 million term loan facility (the "2021 Term Loan" and, together with the 2021 Revolver, the "2021 Credit Facility"). The maturity date for borrowings under the 2021 Credit Facility was extended to April 2026. The 2021 Credit Facility replaces the Company's existing credit facility that was due to mature in September 2024. "The improvements in and increase to our credit facility, coupled with the new Notes offering, provide us with a strong financial foundation, dry powder, and flexibility to support the Company's long-term strategic goals," said Andy Nemeth, President and Chief Executive Officer. "Our improved and expanded capital structure significantly enhances our nimbleness in pursuing our strategic objectives and ensuring that we can continue to exceed our customers' expectations." "In addition, we are very appreciative of the ongoing support and confidence shown by our banking partners and we look forward to continuing to execute on our strategic plans and manage our businesses in a cyclical markets environment," stated Mr. Nemeth. About Patrick Industries, Inc. Patrick Industries, Inc. is a major manufacturer and distributor of component products and building products serving the recreational vehicle, marine, manufactured housing, residential housing, high-rise, hospitality, kitchen cabinet, office and household furniture, fixtures and commercial furnishings, and other industrial markets and operates coast-to-coast in various locations throughout the United States and in Canada and China. Patrick's major manufactured products include decorative vinyl and paper laminated panels, countertops, fabricated aluminum products, wrapped profile mouldings, slide-out trim and fascia, cabinet doors and components, hardwood furniture, fiberglass bath fixtures and tile systems, thermoformed shower surrounds, specialty bath and closet building products, fiberglass and plastic helm systems and component products, wiring and wire harnesses, boat covers, towers, tops and frames, electrical systems components including instrument and dash panels, softwoods lumber, interior passage doors, air handling products, RV painting, slotwall panels and components, fuel tanks, and CNC molds and composite parts and other products. The Company also distributes drywall and drywall finishing products, electronics and audio systems components, wiring, electrical and plumbing products, appliances, cement siding, raw and processed lumber, FRP products, interior passage doors, roofing products, tile, laminate and ceramic flooring, shower doors, furniture, fireplaces and surrounds, interior and exterior lighting products, various marine aftermarket products, and other miscellaneous products, in addition to providing transportation and logistics services. Cautionary Statement Regarding Forward-Looking Statements This press release contains certain statements within the meaning of Private Securities Litigation Reform Act of 1995 that are forward-looking in nature, including, without limitation, the completion, timing, terms and use of proceeds of the Notes offering and the new senior secured credit facility. The forward-looking statements are based on current expectations and our actual results may differ materially from those projected in any forward-looking statement. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Factors that could cause actual results to differ materially from those in forward-looking statements included in this press release include, without limitation: adverse economic and business conditions, including cyclicality and seasonality in the industries we sell our products; the deterioration of the financial condition of our customers or suppliers; the loss of a significant customer; changes in consumer preferences; declines in the level of RV unit shipments or reductions in RV industry growth; the intense competition in the RV, MH and marine industries and the extensive resources of some of our competitors; conditions in the credit market limiting the ability of consumers and wholesale customers to obtain retail and wholesale financing for RVs, manufactured homes, and marine products; the significant long-term decline in shipments in the manufactured housing industry; fuel shortages or high prices for fuel; a dependency on third-party suppliers and manufacturers; the challenges and risks associated with doing business internationally; any increased cost or limited availability of certain raw materials; an inability to manage inventory; an impairment of assets, including goodwill and other long-lived assets; an inability to obtain additional skilled labor; the impact of the consolidation and/or closure of all or part of a manufacturing or distribution facility; the impact of governmental and environmental regulations, and our inability to comply with them; an inability to attract and retain qualified executive officers and key personnel; the inability to integrate acquired businesses may adversely affect operations; our level of indebtedness; our inability to comply with the covenants contained in the senior credit facility; an inability to access capital when needed; the settlement or conversion of the Notes (as defined herein); fluctuations in the market price for our common stock; an inability of our information technology systems to perform adequately; any disruptions in our business due to an IT failure, a cyber-incident or a data breach; or any adverse results from our evaluation of our internal controls over financial reporting under Section404 of the Sarbanes-Oxley Act of 2002. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. The Company does not undertake to publicly update or revise any forward-looking statements. Information about certain risks that could affect our business and cause actual results to differ from those express or implied in the forward-looking statements are contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2020, and in the Company's Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission ("SEC") and are available on the SEC's website at www.sec.gov. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made. Prospective purchasers are cautioned not to place undue reliance on these forward-looking statements. SOURCE Patrick Industries, Inc. Related Links http://www.patrickind.com
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Patrick Industries, Inc. Announces Closing of $350 Million Senior Notes Offering and New Credit Facility
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ELKHART, Ind., April 20, 2021 /PRNewswire/ --Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced the closing of its previously announced private offering of $350million aggregate principal amount of its 4.75% senior notes due 2029 (the "Notes"), at an issue price of 100% of the principal amount of the Notes, in a private placement exempt from registration under the Securities Act of 1933. Net proceeds from the offering, together with borrowings under the new credit facility that Patrick entered into following the issuance of the Notes, were used to repay a portion of the Company's borrowings under its existing senior secured credit facility and to pay fees and expenses in connection with the foregoing. The remaining net proceeds will be used for general corporate purposes. Concurrent with the completion of the offering, the Company amended and restated its credit agreement (the "2021 Credit Agreement") to establish a new $700 million senior secured credit facility consisting of a $550 million revolving credit facility (the "2021 Revolver") and a $150 million term loan facility (the "2021 Term Loan" and, together with the 2021 Revolver, the "2021 Credit Facility"). The maturity date for borrowings under the 2021 Credit Facility was extended to April 2026. The 2021 Credit Facility replaces the Company's existing credit facility that was due to mature in September 2024. "The improvements in and increase to our credit facility, coupled with the new Notes offering, provide us with a strong financial foundation, dry powder, and flexibility to support the Company's long-term strategic goals," said Andy Nemeth, President and Chief Executive Officer. "Our improved and expanded capital structure significantly enhances our nimbleness in pursuing our strategic objectives and ensuring that we can continue to exceed our customers' expectations." "In addition, we are very appreciative of the ongoing support and confidence shown by our banking partners and we look forward to continuing to execute on our strategic plans and manage our businesses in a cyclical markets environment," stated Mr. Nemeth. About Patrick Industries, Inc. Patrick Industries, Inc. is a major manufacturer and distributor of component products and building products serving the recreational vehicle, marine, manufactured housing, residential housing, high-rise, hospitality, kitchen cabinet, office and household furniture, fixtures and commercial furnishings, and other industrial markets and operates coast-to-coast in various locations throughout the United States and in Canada and China. Patrick's major manufactured products include decorative vinyl and paper laminated panels, countertops, fabricated aluminum products, wrapped profile mouldings, slide-out trim and fascia, cabinet doors and components, hardwood furniture, fiberglass bath fixtures and tile systems, thermoformed shower surrounds, specialty bath and closet building products, fiberglass and plastic helm systems and component products, wiring and wire harnesses, boat covers, towers, tops and frames, electrical systems components including instrument and dash panels, softwoods lumber, interior passage doors, air handling products, RV painting, slotwall panels and components, fuel tanks, and CNC molds and composite parts and other products. The Company also distributes drywall and drywall finishing products, electronics and audio systems components, wiring, electrical and plumbing products, appliances, cement siding, raw and processed lumber, FRP products, interior passage doors, roofing products, tile, laminate and ceramic flooring, shower doors, furniture, fireplaces and surrounds, interior and exterior lighting products, various marine aftermarket products, and other miscellaneous products, in addition to providing transportation and logistics services. Cautionary Statement Regarding Forward-Looking Statements This press release contains certain statements within the meaning of Private Securities Litigation Reform Act of 1995 that are forward-looking in nature, including, without limitation, the completion, timing, terms and use of proceeds of the Notes offering and the new senior secured credit facility. The forward-looking statements are based on current expectations and our actual results may differ materially from those projected in any forward-looking statement. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Factors that could cause actual results to differ materially from those in forward-looking statements included in this press release include, without limitation: adverse economic and business conditions, including cyclicality and seasonality in the industries we sell our products; the deterioration of the financial condition of our customers or suppliers; the loss of a significant customer; changes in consumer preferences; declines in the level of RV unit shipments or reductions in RV industry growth; the intense competition in the RV, MH and marine industries and the extensive resources of some of our competitors; conditions in the credit market limiting the ability of consumers and wholesale customers to obtain retail and wholesale financing for RVs, manufactured homes, and marine products; the significant long-term decline in shipments in the manufactured housing industry; fuel shortages or high prices for fuel; a dependency on third-party suppliers and manufacturers; the challenges and risks associated with doing business internationally; any increased cost or limited availability of certain raw materials; an inability to manage inventory; an impairment of assets, including goodwill and other long-lived assets; an inability to obtain additional skilled labor; the impact of the consolidation and/or closure of all or part of a manufacturing or distribution facility; the impact of governmental and environmental regulations, and our inability to comply with them; an inability to attract and retain qualified executive officers and key personnel; the inability to integrate acquired businesses may adversely affect operations; our level of indebtedness; our inability to comply with the covenants contained in the senior credit facility; an inability to access capital when needed; the settlement or conversion of the Notes (as defined herein); fluctuations in the market price for our common stock; an inability of our information technology systems to perform adequately; any disruptions in our business due to an IT failure, a cyber-incident or a data breach; or any adverse results from our evaluation of our internal controls over financial reporting under Section404 of the Sarbanes-Oxley Act of 2002. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. The Company does not undertake to publicly update or revise any forward-looking statements. Information about certain risks that could affect our business and cause actual results to differ from those express or implied in the forward-looking statements are contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2020, and in the Company's Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission ("SEC") and are available on the SEC's website at www.sec.gov. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made. Prospective purchasers are cautioned not to place undue reliance on these forward-looking statements. SOURCE Patrick Industries, Inc. Related Links http://www.patrickind.com
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edtsum7412
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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: HONOLULU--(BUSINESS WIRE)--NIC Hawaii and the State of Hawaii Office of Information Practices (OIP) are pleased to announce the launch of the modernized State Public Meetings Calendar available at https://calendar.ehawaii.gov. The calendar serves as the go-to online location to find out about all state agency, board and commission events and now makes it even easier for citizens to keep up with Hawaii state government. The site is responsive, meets accessibility requirements, has a fresh, appealing look and feel, is easy to navigate and offers search options by time period and by calendar name to find events of interest. The COVID-19 pandemic has made it even more important for citizens to have access to meetings of boards and commissions, said Cheryl Kakazu Park, OIP Director. The modernization of the calendar application makes it easier for our residents to search for events whose outcomes can affect them." The primary focus of the modernization was to improve the user experience. The site incorporates responsive features that adapt to the visitors device, whether via smartphone, tablet or personal computer, and meets accessibility guidelines to ensure information is available to all. A help page has been added to address public and agency questions, and navigation has been improved. Agency users will find it easier to enter agendas and other meeting details. Our goal is to make sure citizens can access the information they need quickly and intuitively, especially in todays rapidly evolving environment, said Burt Ramos, NIC Hawaii General Manager. The State Public Meetings Calendar application was created in partnership with NIC Hawaii, the official internet portal manager of eHawaii.gov. About the Office of Information Practices The mission of the Office of Information Practices (OIP) is ensuring open government while protecting individual privacy. OIP administers two laws to promote open and transparent government in Hawaii: the Uniform Information Practices Act (UIPA), HRS Chapter 92F, which requires open access to government records, and the Sunshine Law, part I of HRS Chapter 92, which requires open public meetings. Both laws are intended to open up governmental processes to public scrutiny and participation by requiring government business to be conducted as transparently as possible, while balancing personal privacy rights guaranteed under the Hawaii State Constitution. For more information, visit https://oip.hawaii.gov. About NIC Hawaii NIC Hawaii, a division of digital government solutions firm NIC, manages the eHawaii.gov state portal program. Pursuant to chapter 27G, Hawaii Revised Statutes, the portal program is overseen by the Access Hawaii Committee, which collaborates with provider NIC Hawaii (formerly Hawaii Information Consortium (HIC)), along with state and county agencies to continually identify new online services to be added to the portal. For more information, visit nichawaii.egov.com. About NIC NIC (Nasdaq: EGOV) is a leading digital government solutions and payments company, serving more than 7,100 federal, state and local government agencies across the nation. With headquarters in Olathe, Kansas, and offices in more than 30 states, NIC partners with government to deliver user-friendly digital services that make it easier and more efficient to interact with government providing valuable conveniences such as applying for unemployment insurance, submitting business filings, renewing licenses, accessing information and making secure payments without visiting a government office. In 2020, NIC securely processed 400 million online transactions and more than $24 billion on behalf of government agencies. In response to the COVID-19 pandemic, NIC also developed 130 new solutions to address crisis communications, pandemic unemployment, COVID-19 testing and vaccine scheduling. Learn more at www.egov.com.
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Hawaii Office of Information Practices, NIC Hawaii Launch Modernized State Public Meetings Calendar New calendar is responsive, accessible and features fresh, new look
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HONOLULU--(BUSINESS WIRE)--NIC Hawaii and the State of Hawaii Office of Information Practices (OIP) are pleased to announce the launch of the modernized State Public Meetings Calendar available at https://calendar.ehawaii.gov. The calendar serves as the go-to online location to find out about all state agency, board and commission events and now makes it even easier for citizens to keep up with Hawaii state government. The site is responsive, meets accessibility requirements, has a fresh, appealing look and feel, is easy to navigate and offers search options by time period and by calendar name to find events of interest. The COVID-19 pandemic has made it even more important for citizens to have access to meetings of boards and commissions, said Cheryl Kakazu Park, OIP Director. The modernization of the calendar application makes it easier for our residents to search for events whose outcomes can affect them." The primary focus of the modernization was to improve the user experience. The site incorporates responsive features that adapt to the visitors device, whether via smartphone, tablet or personal computer, and meets accessibility guidelines to ensure information is available to all. A help page has been added to address public and agency questions, and navigation has been improved. Agency users will find it easier to enter agendas and other meeting details. Our goal is to make sure citizens can access the information they need quickly and intuitively, especially in todays rapidly evolving environment, said Burt Ramos, NIC Hawaii General Manager. The State Public Meetings Calendar application was created in partnership with NIC Hawaii, the official internet portal manager of eHawaii.gov. About the Office of Information Practices The mission of the Office of Information Practices (OIP) is ensuring open government while protecting individual privacy. OIP administers two laws to promote open and transparent government in Hawaii: the Uniform Information Practices Act (UIPA), HRS Chapter 92F, which requires open access to government records, and the Sunshine Law, part I of HRS Chapter 92, which requires open public meetings. Both laws are intended to open up governmental processes to public scrutiny and participation by requiring government business to be conducted as transparently as possible, while balancing personal privacy rights guaranteed under the Hawaii State Constitution. For more information, visit https://oip.hawaii.gov. About NIC Hawaii NIC Hawaii, a division of digital government solutions firm NIC, manages the eHawaii.gov state portal program. Pursuant to chapter 27G, Hawaii Revised Statutes, the portal program is overseen by the Access Hawaii Committee, which collaborates with provider NIC Hawaii (formerly Hawaii Information Consortium (HIC)), along with state and county agencies to continually identify new online services to be added to the portal. For more information, visit nichawaii.egov.com. About NIC NIC (Nasdaq: EGOV) is a leading digital government solutions and payments company, serving more than 7,100 federal, state and local government agencies across the nation. With headquarters in Olathe, Kansas, and offices in more than 30 states, NIC partners with government to deliver user-friendly digital services that make it easier and more efficient to interact with government providing valuable conveniences such as applying for unemployment insurance, submitting business filings, renewing licenses, accessing information and making secure payments without visiting a government office. In 2020, NIC securely processed 400 million online transactions and more than $24 billion on behalf of government agencies. In response to the COVID-19 pandemic, NIC also developed 130 new solutions to address crisis communications, pandemic unemployment, COVID-19 testing and vaccine scheduling. Learn more at www.egov.com.
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edtsum7429
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, April 14, 2020 /PRNewswire/ -- Concrete Floor Coatings Market Research Report by Product (Acrylic, Epoxy, Methacrylic, Methyl, and Polyaspartics), by End Use (Commercial, Industrial, and Residential) - Global Forecast to 2025 (Cumulative Impact of COVID-19)Read the full report: https://www.reportlinker.com/p05881723/?utm_source=PRN The Global Concrete Floor Coatings Market is expected to grow from USD 1,312.89 Million in 2019 to USD 2,059.57 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 7.79%.Market Segmentation & Coverage:This research report categorizes the Concrete Floor Coatings to forecast the revenues and analyze the trends in each of the following sub-markets:On the basis of Product, the Concrete Floor Coatings Market is studied across Acrylic, Epoxy, Methacrylic, Methyl, Polyaspartics, Polyurethane, and Vinyl Ester. On the basis of End Use, the Concrete Floor Coatings Market is studied across Commercial, Industrial, and Residential. The Commercial further studied across Parking Lot, Retail Outlet, and Warehouse. The Industrial further studied across Chemical Industry and Food & Beverage Industry. The Residential further studied across Exterior and Interior. On the basis of Geography, the Concrete Floor Coatings Market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region is studied across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region is studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region is studied across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom. Company Usability Profiles:The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Concrete Floor Coatings Market including Armor Rock Concrete Floor Coatings Inc., BASF SE, Behr Process Corporation, DAW SE, Henkel Corporation, Liquid Floor Inc., Nippon Paint Co. Ltd., PPG Industries Inc., Royal DSM N.V., RPM International Inc., Sherwin-Williams Company, Sika AG, Stonhard Inc., Teknos Group, The Valspar Corporation, and Zeraus Products Inc.. FPNV Positioning Matrix:The FPNV Positioning Matrix evaluates and categorizes the vendors in the Concrete Floor Coatings Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.Competitive Strategic Window:The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.The report provides insights on the following pointers:1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developmentsThe report answers questions such as:1. What is the market size and forecast of the Global Concrete Floor Coatings Market?2. What are the inhibiting factors and their impact analysis shaping the Global Concrete Floor Coatings Market during the forecast period?3. What is the competitive position if vendors in the Global Concrete Floor Coatings Market?4. How Porters Five Forces define the Global Concrete Floor Coatings Market landscape?5. What are the technology trends and regulatory frameworks in the Global Concrete Floor Coatings Market?6. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Concrete Floor Coatings Market?7. What is the competitive strategic window for opportunities in the Global Concrete Floor Coatings Market?8. What are the modes and strategic moves considered suitable for entering the Global Concrete Floor Coatings Market?Read the full report: https://www.reportlinker.com/p05881723/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [emailprotected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker Related Links www.reportlinker.com
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The Global Concrete Floor Coatings Market is expected to grow from USD 1,312.89 Million in 2019 to USD 2,059.57 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 7.79%
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NEW YORK, April 14, 2020 /PRNewswire/ -- Concrete Floor Coatings Market Research Report by Product (Acrylic, Epoxy, Methacrylic, Methyl, and Polyaspartics), by End Use (Commercial, Industrial, and Residential) - Global Forecast to 2025 (Cumulative Impact of COVID-19)Read the full report: https://www.reportlinker.com/p05881723/?utm_source=PRN The Global Concrete Floor Coatings Market is expected to grow from USD 1,312.89 Million in 2019 to USD 2,059.57 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 7.79%.Market Segmentation & Coverage:This research report categorizes the Concrete Floor Coatings to forecast the revenues and analyze the trends in each of the following sub-markets:On the basis of Product, the Concrete Floor Coatings Market is studied across Acrylic, Epoxy, Methacrylic, Methyl, Polyaspartics, Polyurethane, and Vinyl Ester. On the basis of End Use, the Concrete Floor Coatings Market is studied across Commercial, Industrial, and Residential. The Commercial further studied across Parking Lot, Retail Outlet, and Warehouse. The Industrial further studied across Chemical Industry and Food & Beverage Industry. The Residential further studied across Exterior and Interior. On the basis of Geography, the Concrete Floor Coatings Market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region is studied across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region is studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region is studied across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom. Company Usability Profiles:The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Concrete Floor Coatings Market including Armor Rock Concrete Floor Coatings Inc., BASF SE, Behr Process Corporation, DAW SE, Henkel Corporation, Liquid Floor Inc., Nippon Paint Co. Ltd., PPG Industries Inc., Royal DSM N.V., RPM International Inc., Sherwin-Williams Company, Sika AG, Stonhard Inc., Teknos Group, The Valspar Corporation, and Zeraus Products Inc.. FPNV Positioning Matrix:The FPNV Positioning Matrix evaluates and categorizes the vendors in the Concrete Floor Coatings Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.Competitive Strategic Window:The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.The report provides insights on the following pointers:1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developmentsThe report answers questions such as:1. What is the market size and forecast of the Global Concrete Floor Coatings Market?2. What are the inhibiting factors and their impact analysis shaping the Global Concrete Floor Coatings Market during the forecast period?3. What is the competitive position if vendors in the Global Concrete Floor Coatings Market?4. How Porters Five Forces define the Global Concrete Floor Coatings Market landscape?5. What are the technology trends and regulatory frameworks in the Global Concrete Floor Coatings Market?6. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Concrete Floor Coatings Market?7. What is the competitive strategic window for opportunities in the Global Concrete Floor Coatings Market?8. What are the modes and strategic moves considered suitable for entering the Global Concrete Floor Coatings Market?Read the full report: https://www.reportlinker.com/p05881723/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [emailprotected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker Related Links www.reportlinker.com
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edtsum7449
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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: PHILADELPHIA, Dec. 16, 2020 /PRNewswire/ --Sparks, a leading live + digital brand experience agency,is thrilled to announce the promotion of Kristy Elisano to Chief Marketing Officer. Previously holding the title Senior Vice President of Marketing and Business Development, Elisano continues to have an immeasurable impact on the company."Kristy amazes me daily," says Scott Tarte, CEO, Sparks. "No matter what we throw at her, she never flinches. She makes all of us better." Continue Reading Sparks Chief Marketing Officer In this new role, Elisano will continue to oversee the strategic planning and development of Sparks' marketing and business development departments. "Kristy is the kind of person who brings out the best in everyone she works with," says Jeffrey Harrow, Chairman, Sparks. "She is a mentor and an inspiration to so many of us at Sparks, including myself. Having been around her for many years, I'm so proud to recognize her as the incredible leader - and friend - she is."With more than 20 years of industry experience, including 18 years at Sparks, Elisano brings an innovative and enthusiastic approach to everything she does and has proved herself invaluable to our team.About Sparks.Sparks is a live + digital experiential marketing agency. We specialize in creating connection--real human connection--onsite, online or anywhere. Through a mix of sound strategy, next-level creative and flawless execution, we create memorable trade show exhibits, live and virtual events, brand activations, retail environments, and other immersive experiences that deepen relationships, inspire action, and build trust--and we do it all over the world.Visitwww.wearesparks.comto learn more.Press contact:Dyan CornacchioManager, Content MarketingSparks215-613-9415[emailprotected]Related FilesSparksLOGO-FINAL_RBG.pngRelated Imageskristy-elisano.jpg Kristy Elisano Sparks Chief Marketing Officer SOURCE Sparks
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Sparks Promotes Kristy Elisano to Chief Marketing Officer Elisano brings an innovative and enthusiastic approach to the Sparks senior leadership team
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PHILADELPHIA, Dec. 16, 2020 /PRNewswire/ --Sparks, a leading live + digital brand experience agency,is thrilled to announce the promotion of Kristy Elisano to Chief Marketing Officer. Previously holding the title Senior Vice President of Marketing and Business Development, Elisano continues to have an immeasurable impact on the company."Kristy amazes me daily," says Scott Tarte, CEO, Sparks. "No matter what we throw at her, she never flinches. She makes all of us better." Continue Reading Sparks Chief Marketing Officer In this new role, Elisano will continue to oversee the strategic planning and development of Sparks' marketing and business development departments. "Kristy is the kind of person who brings out the best in everyone she works with," says Jeffrey Harrow, Chairman, Sparks. "She is a mentor and an inspiration to so many of us at Sparks, including myself. Having been around her for many years, I'm so proud to recognize her as the incredible leader - and friend - she is."With more than 20 years of industry experience, including 18 years at Sparks, Elisano brings an innovative and enthusiastic approach to everything she does and has proved herself invaluable to our team.About Sparks.Sparks is a live + digital experiential marketing agency. We specialize in creating connection--real human connection--onsite, online or anywhere. Through a mix of sound strategy, next-level creative and flawless execution, we create memorable trade show exhibits, live and virtual events, brand activations, retail environments, and other immersive experiences that deepen relationships, inspire action, and build trust--and we do it all over the world.Visitwww.wearesparks.comto learn more.Press contact:Dyan CornacchioManager, Content MarketingSparks215-613-9415[emailprotected]Related FilesSparksLOGO-FINAL_RBG.pngRelated Imageskristy-elisano.jpg Kristy Elisano Sparks Chief Marketing Officer SOURCE Sparks
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edtsum7450
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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 managed security services market is expected to grow by USD 22.44 bn, progressing at a CAGR of over 14% during the forecast period. Click & Get Free Sample Report in Minutes The increase in adoption of cloud-based services is one of the major factors propelling market growth. More details: https://www.technavio.com/report/managed-security-services-market-industry-analysis Managed Security Services Market: Deployment Landscape Based on the deployment, the Cloud-based segment is expected to witness lucrative growth during the forecast period. Managed Security Services Market: Geographic Landscape By geography, North America is going to have a lucrative growth during the forecast period. About 33% of the markets overall growth is expected to originate from North America. The US and Canada are the key markets for managed security services in North America. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Related Reports on Information Technology Include: Companies Covered: What our reports offer: Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Key Topics Covered: Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by End-user Market Segmentation by Deployment Customer landscape Geographic Landscape Vendor Landscape Vendor Analysis Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Insights on the Global Managed Security Services Market 2020-2024: COVID-19 Analysis, Drivers, Restraints, Opportunities, and Threats - Technavio
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LONDON--(BUSINESS WIRE)--The managed security services market is expected to grow by USD 22.44 bn, progressing at a CAGR of over 14% during the forecast period. Click & Get Free Sample Report in Minutes The increase in adoption of cloud-based services is one of the major factors propelling market growth. More details: https://www.technavio.com/report/managed-security-services-market-industry-analysis Managed Security Services Market: Deployment Landscape Based on the deployment, the Cloud-based segment is expected to witness lucrative growth during the forecast period. Managed Security Services Market: Geographic Landscape By geography, North America is going to have a lucrative growth during the forecast period. About 33% of the markets overall growth is expected to originate from North America. The US and Canada are the key markets for managed security services in North America. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Related Reports on Information Technology Include: Companies Covered: What our reports offer: Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Key Topics Covered: Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by End-user Market Segmentation by Deployment Customer landscape Geographic Landscape Vendor Landscape Vendor Analysis Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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edtsum7453
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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, March 5, 2021 /PRNewswire/ -- The "Oil and Gas Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering. The global oil and gas market is expected to grow from $4677.45 billion in 2020 to $5870.13 billion in 2021 at a compound annual growth rate (CAGR) of 25.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $7425.02 billion in 2025 at a CAGR of 6%. The oil and gas market consists of sales of oil and gas by entities (organizations, sole traders or partnerships) that undertake the exploration for, extraction, drilling, and refining, of oil and gas and some of its derivatives. This market does not include petrochemicals. The oil and gas market is segmented into oil & gas upstream activities and oil downstream products.Asia Pacific was the largest region in the global oil and gas market, accounting for 33% of the market in 2020. North America was the second largest region accounting for 19% of the global oil and gas market. South America was the smallest region in the global oil and gas market.Major companies in the oil and gas industry are looking into big data analytics and artificial intelligence (AI) to enhance decisions making abilities and thus drive profits. The companies in this industry gather huge amounts of raw data relating to the working of refineries, pipelines and other infrastructure through a large number of sensors placed across the oil rig. Using big data analytics the companies can detect patterns which can allow them to quickly react to unwanted changes or potential defects, thus saving costs. AI allows the companies to take better drilling and operational decisions. Companies such as ExxonMobil and Shell have been increasingly investing in AI technology to have a centralized method of data management and support data integration across multiple applications. Other companies such as Sinopec, a Chinese chemical and petroleum corporation, has announced its decision to construct 10 intelligent centers to help in reducing operation costs by 20%.Oil price volatility is likely to have a negative impact on the market as significant decline and increase in oil prices negatively impacts the government and consumer spending. The decline in oil prices is having a negative impact on government spending in countries such as Saudi Arabia, Nigeria and the UAE (United Arab Emirates) which are largely dependent on revenues generated through crude oil exports; whereas significant increase in oil prices had resulted in rising inflation, current account deficit and fiscal deficit in countries such as India and China, which predominantly import oil. For instance, the Saudi government is expected to cut down its spending from 1.05 trillion riyals ($280 billion) in 2019 to 1.02 trillion riyals ($270 billion) in 2020, to 955 billion riyals ($255 billion) by 2022, due to significant decline in revenues generated from oil exports, thereby affecting the market. This high volatility in oil prices is expected to negatively impact the market going forward.Low interest rates in most developed countries positively impacted the oil and gas industry during the historic period. For instance, in 2019, the European Central Bank decreased interest rates to -0.5% on deposits from banks to encourage lending. This created a flow of cheap money for investment, both in developed and developing economies. It also encouraged borrowing and discouraged saving in advanced markets, helping to drive spending. Oil and gas companies were able to borrow more money for process improvements and expansion projects, thus driving the market during this period.Key Topics Covered: 1. Executive Summary2. Report Structure3. Oil And Gas Market Characteristics3.1. Market Definition3.2. Key Segmentations4. Oil And Gas Market Product Analysis4.1. Leading Products/ Services4.2. Key Features and Differentiators4.3. Development Products5. Oil And Gas Market Supply Chain5.1. Supply Chain5.2. Distribution5.3. End Customers6. Oil And Gas Market Customer Information6.1. Customer Preferences6.2. End Use Market Size and Growth7. Oil And Gas Market Trends And Strategies8. Impact Of COVID-19 On Oil And Gas9. Oil And Gas Market Size And Growth9.1. Market Size9.2. Historic Market Growth, Value ($ Billion)9.3. Forecast Market Growth, Value ($ Billion)10. Oil And Gas Market Regional Analysis10.1. Global Oil And Gas Market, 2020, By Region, Value ($ Billion)10.2. Global Oil And Gas Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region10.3. Global Oil And Gas Market, Growth And Market Share Comparison, By Region11. Oil And Gas Market Segmentation11.1. Global Oil And Gas Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion Oil & Gas Upstream Activities Oil Downstream Products 12. Oil And Gas Market Segments12.1. Global Oil & Gas Upstream Activities Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Crude Oil; Natural Gas; Oil And Gas Wells Drilling Services; Oil And Gas Supporting Activities12.2. Global Oil Downstream Products Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Refined Petroleum Products; Asphalt, Lubricating Oil And Grease13. Oil And Gas Market Metrics13.1. Oil And Gas Market Size, Percentage Of GDP, 2015-2025, Global13.2. Per Capita Average Oil And Gas Market Expenditure, 2015-2025, Global Companies Mentioned Saudi Aramco Exxon Mobil Corporation Royal Dutch Shell BP Plc Sinopec Limited For more information about this report visit https://www.researchandmarkets.com/r/c60u8r 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:
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Global Oil and Gas Markets, 2021-2025 & 2030: Saudi Aramco, Exxon Mobil, Royal Dutch Shell, BP, Sinopec Dominate the Industry
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DUBLIN, March 5, 2021 /PRNewswire/ -- The "Oil and Gas Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering. The global oil and gas market is expected to grow from $4677.45 billion in 2020 to $5870.13 billion in 2021 at a compound annual growth rate (CAGR) of 25.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $7425.02 billion in 2025 at a CAGR of 6%. The oil and gas market consists of sales of oil and gas by entities (organizations, sole traders or partnerships) that undertake the exploration for, extraction, drilling, and refining, of oil and gas and some of its derivatives. This market does not include petrochemicals. The oil and gas market is segmented into oil & gas upstream activities and oil downstream products.Asia Pacific was the largest region in the global oil and gas market, accounting for 33% of the market in 2020. North America was the second largest region accounting for 19% of the global oil and gas market. South America was the smallest region in the global oil and gas market.Major companies in the oil and gas industry are looking into big data analytics and artificial intelligence (AI) to enhance decisions making abilities and thus drive profits. The companies in this industry gather huge amounts of raw data relating to the working of refineries, pipelines and other infrastructure through a large number of sensors placed across the oil rig. Using big data analytics the companies can detect patterns which can allow them to quickly react to unwanted changes or potential defects, thus saving costs. AI allows the companies to take better drilling and operational decisions. Companies such as ExxonMobil and Shell have been increasingly investing in AI technology to have a centralized method of data management and support data integration across multiple applications. Other companies such as Sinopec, a Chinese chemical and petroleum corporation, has announced its decision to construct 10 intelligent centers to help in reducing operation costs by 20%.Oil price volatility is likely to have a negative impact on the market as significant decline and increase in oil prices negatively impacts the government and consumer spending. The decline in oil prices is having a negative impact on government spending in countries such as Saudi Arabia, Nigeria and the UAE (United Arab Emirates) which are largely dependent on revenues generated through crude oil exports; whereas significant increase in oil prices had resulted in rising inflation, current account deficit and fiscal deficit in countries such as India and China, which predominantly import oil. For instance, the Saudi government is expected to cut down its spending from 1.05 trillion riyals ($280 billion) in 2019 to 1.02 trillion riyals ($270 billion) in 2020, to 955 billion riyals ($255 billion) by 2022, due to significant decline in revenues generated from oil exports, thereby affecting the market. This high volatility in oil prices is expected to negatively impact the market going forward.Low interest rates in most developed countries positively impacted the oil and gas industry during the historic period. For instance, in 2019, the European Central Bank decreased interest rates to -0.5% on deposits from banks to encourage lending. This created a flow of cheap money for investment, both in developed and developing economies. It also encouraged borrowing and discouraged saving in advanced markets, helping to drive spending. Oil and gas companies were able to borrow more money for process improvements and expansion projects, thus driving the market during this period.Key Topics Covered: 1. Executive Summary2. Report Structure3. Oil And Gas Market Characteristics3.1. Market Definition3.2. Key Segmentations4. Oil And Gas Market Product Analysis4.1. Leading Products/ Services4.2. Key Features and Differentiators4.3. Development Products5. Oil And Gas Market Supply Chain5.1. Supply Chain5.2. Distribution5.3. End Customers6. Oil And Gas Market Customer Information6.1. Customer Preferences6.2. End Use Market Size and Growth7. Oil And Gas Market Trends And Strategies8. Impact Of COVID-19 On Oil And Gas9. Oil And Gas Market Size And Growth9.1. Market Size9.2. Historic Market Growth, Value ($ Billion)9.3. Forecast Market Growth, Value ($ Billion)10. Oil And Gas Market Regional Analysis10.1. Global Oil And Gas Market, 2020, By Region, Value ($ Billion)10.2. Global Oil And Gas Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region10.3. Global Oil And Gas Market, Growth And Market Share Comparison, By Region11. Oil And Gas Market Segmentation11.1. Global Oil And Gas Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion Oil & Gas Upstream Activities Oil Downstream Products 12. Oil And Gas Market Segments12.1. Global Oil & Gas Upstream Activities Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Crude Oil; Natural Gas; Oil And Gas Wells Drilling Services; Oil And Gas Supporting Activities12.2. Global Oil Downstream Products Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Refined Petroleum Products; Asphalt, Lubricating Oil And Grease13. Oil And Gas Market Metrics13.1. Oil And Gas Market Size, Percentage Of GDP, 2015-2025, Global13.2. Per Capita Average Oil And Gas Market Expenditure, 2015-2025, Global Companies Mentioned Saudi Aramco Exxon Mobil Corporation Royal Dutch Shell BP Plc Sinopec Limited For more information about this report visit https://www.researchandmarkets.com/r/c60u8r 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
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edtsum7461
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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: NAPLES, Fla., Oct. 20, 2020 /PRNewswire/ -- Residents from three area Discovery Senior Living communities are staying active and realizing numerous health benefits thanks to some specially designed exercise and Parkinson's aqua therapy classes. The 30-minute sessions, which include Chair Yoga, Balance & Stretching and Parkinson's Aqua Therapy, are presented by trained professionals from home healthcare provider Discovery At Home, with select classes being held at Discovery Village At Naples, Aston Gardens At Pelican Marsh (Naples) and Discovery Village At The Forum (Fort Myers). The private sessions were first offered earlier this year to residents of local Discovery Senior Living communities and have steadily gained in popularity at each. Resident seniorsmany of whom have been isolating in their respective communities due to COVID-19are reporting a bevy of positive, physical outcomes, everything from increased strength and flexibility, to more endurance and fewer instances of falls. "We're using scientific motions and proven therapies for improving posture, maintaining strength and agility, preventing falls and more," said Megan Doane, Director of Rehab for Discovery At Home. "But these classes are also affording seniors valuable opportunities to stay active and social, and to target specific wellness goals with personalized guidance from professional therapists." Recurring and professionally-led fitness classes like these are part of a holistic approach to health and wellness that's favored by today's more modern and amenity-rich communities. Discovery Village At Naples, for example, features a state-of-the-art, indoor therapy pool, which provides a perfect venue for the Parkinson's Aqua Therapy classes. Discovery At Home is a five-star, Medicare-certified home healthcare organization and subsidiary of Discovery Senior Living, which owns and operates Discovery Village At Naples, Aston Gardens At Pelican Marsh, and Discovery Village At The Forum, as well as 47 other resort-style communities in 13 states. About Discovery Senior Living Discovery Senior Living is a family of companies which includes: Discovery Management Group, Discovery Development Group, Discovery Design Concepts, Discovery Marketing Group, and Discovery At Home. With almost three decades of experience, the award-winning management group has been developing, building, marketing, and operating upscale, luxury senior-living communities across the United States. By integrating the company's highly innovative and successful "Experiential Living" philosophy across its flourishing portfolio of almost 10,000 existing homes or homes under development, Discovery Senior Living has become a recognized industry leader in creating world-class, resort-style communities. Media Inquiries: Heidi Miller LaVanway, Vice President of Marketing[emailprotected] | 239.301.5330 SOURCE Discovery Senior Living
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Specialized, At-Home Therapies Prove Beneficial (And Fun) for Area Seniors Local Discovery Senior Living communities are helping residents overcome the negative effects of isolation and physical limitations through at-home exercise and Parkinson's aqua therapy sessions
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NAPLES, Fla., Oct. 20, 2020 /PRNewswire/ -- Residents from three area Discovery Senior Living communities are staying active and realizing numerous health benefits thanks to some specially designed exercise and Parkinson's aqua therapy classes. The 30-minute sessions, which include Chair Yoga, Balance & Stretching and Parkinson's Aqua Therapy, are presented by trained professionals from home healthcare provider Discovery At Home, with select classes being held at Discovery Village At Naples, Aston Gardens At Pelican Marsh (Naples) and Discovery Village At The Forum (Fort Myers). The private sessions were first offered earlier this year to residents of local Discovery Senior Living communities and have steadily gained in popularity at each. Resident seniorsmany of whom have been isolating in their respective communities due to COVID-19are reporting a bevy of positive, physical outcomes, everything from increased strength and flexibility, to more endurance and fewer instances of falls. "We're using scientific motions and proven therapies for improving posture, maintaining strength and agility, preventing falls and more," said Megan Doane, Director of Rehab for Discovery At Home. "But these classes are also affording seniors valuable opportunities to stay active and social, and to target specific wellness goals with personalized guidance from professional therapists." Recurring and professionally-led fitness classes like these are part of a holistic approach to health and wellness that's favored by today's more modern and amenity-rich communities. Discovery Village At Naples, for example, features a state-of-the-art, indoor therapy pool, which provides a perfect venue for the Parkinson's Aqua Therapy classes. Discovery At Home is a five-star, Medicare-certified home healthcare organization and subsidiary of Discovery Senior Living, which owns and operates Discovery Village At Naples, Aston Gardens At Pelican Marsh, and Discovery Village At The Forum, as well as 47 other resort-style communities in 13 states. About Discovery Senior Living Discovery Senior Living is a family of companies which includes: Discovery Management Group, Discovery Development Group, Discovery Design Concepts, Discovery Marketing Group, and Discovery At Home. With almost three decades of experience, the award-winning management group has been developing, building, marketing, and operating upscale, luxury senior-living communities across the United States. By integrating the company's highly innovative and successful "Experiential Living" philosophy across its flourishing portfolio of almost 10,000 existing homes or homes under development, Discovery Senior Living has become a recognized industry leader in creating world-class, resort-style communities. Media Inquiries: Heidi Miller LaVanway, Vice President of Marketing[emailprotected] | 239.301.5330 SOURCE Discovery Senior Living
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edtsum7462
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: STERLING, Va., Nov. 5, 2020 /PRNewswire/ -- Mvix, a leading provider of content-rich digital signage software and solutions, has launched a new and innovative custom content production service for digital signage networks. The service, billed as an ongoing subscription, offers unlimited custom content designs for all varieties of digital signage networks. Branded as "Content Refresh Service", this innovative offering is primarily targeted at mid-market clients. It aims to offer bespoke content creation on an ongoing basis, so as to keep digital signage networks fresh and engaging. As a pioneer of digital signage for over 15 years with more than 60,000 end points supported, Mvix has garnered the experience and capability to provide high-quality content for their clients. "Over the years, we have had a rich experience with successful digital signage networks and the single most important factor of success is fresh and engaging content on the screens. We have realized that creating new custom content is a complex and expensive process for most clients,"said Mike Kilian, VP of Business Relations at Mvix. He added, "As a part of our managed service program, we have been assisting our enterprise clients in custom content development and implementation. This first-ever-of-its-kind service extends the capabilities of our design studio designers at an incredibly affordable price point." Known for its content-rich digital signage solutions, Mvix aims to strengthen relationships with its clients by addressing this critical challenge. This unlimited custom design service will allow businesses of all sizes and verticals to augment their current content creation efforts, ensuring a richer digital signage network. This flat rate, unlimited design service will be available in three packages to choose from - all offering unlimited designs, unlimited revisions, quick turnaround times, and professional project management. "We are excited to be the first in the industry to offer such an affordable, feature-rich service," said Mike Kilian. Widely known for its end-to-end digital signage solutions, Mvix leverages its capabilities to create a high quality design service developed by a team of dedicated designers. This competitively-priced custom design service is very likely to reduce digital signage management costs for most companies. To learn more about this custom digital signage content design service, contact a Mvix Solutions Consultant at 866-310-4923. For more information about all of Mvix's digital signage software solutions, visit www.mvixdigitalsignage.com. Related Images image1.png SOURCE Mvix
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Mvix Launches an Unlimited Custom Design Service for Digital Signage Networks
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STERLING, Va., Nov. 5, 2020 /PRNewswire/ -- Mvix, a leading provider of content-rich digital signage software and solutions, has launched a new and innovative custom content production service for digital signage networks. The service, billed as an ongoing subscription, offers unlimited custom content designs for all varieties of digital signage networks. Branded as "Content Refresh Service", this innovative offering is primarily targeted at mid-market clients. It aims to offer bespoke content creation on an ongoing basis, so as to keep digital signage networks fresh and engaging. As a pioneer of digital signage for over 15 years with more than 60,000 end points supported, Mvix has garnered the experience and capability to provide high-quality content for their clients. "Over the years, we have had a rich experience with successful digital signage networks and the single most important factor of success is fresh and engaging content on the screens. We have realized that creating new custom content is a complex and expensive process for most clients,"said Mike Kilian, VP of Business Relations at Mvix. He added, "As a part of our managed service program, we have been assisting our enterprise clients in custom content development and implementation. This first-ever-of-its-kind service extends the capabilities of our design studio designers at an incredibly affordable price point." Known for its content-rich digital signage solutions, Mvix aims to strengthen relationships with its clients by addressing this critical challenge. This unlimited custom design service will allow businesses of all sizes and verticals to augment their current content creation efforts, ensuring a richer digital signage network. This flat rate, unlimited design service will be available in three packages to choose from - all offering unlimited designs, unlimited revisions, quick turnaround times, and professional project management. "We are excited to be the first in the industry to offer such an affordable, feature-rich service," said Mike Kilian. Widely known for its end-to-end digital signage solutions, Mvix leverages its capabilities to create a high quality design service developed by a team of dedicated designers. This competitively-priced custom design service is very likely to reduce digital signage management costs for most companies. To learn more about this custom digital signage content design service, contact a Mvix Solutions Consultant at 866-310-4923. For more information about all of Mvix's digital signage software solutions, visit www.mvixdigitalsignage.com. Related Images image1.png SOURCE Mvix
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edtsum7469
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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: TETERBORO, N.J.--(BUSINESS WIRE)--Computer Design & Integration LLC (CDI or the Company) announced today that its cloud and managed services offering has been added to the New Jersey School Boards Association (NJSBA) Technology for Education and Career (TEC) Cooperative Pricing System. Offered through NJSBAs contract with Carahsoft Technology Corp., New Jersey K-12 institutions will now have access to CDIs cloud and managed services to proactively monitor, maintain and manage their day-to-day IT infrastructure needs -- on-premises or in the cloud. NJSBAs TEC Cooperative Pricing System is a membership service, supported by the New Jersey Department of Education, that enables school districts and member charter schools to secure technology at a significantly reduced cost, to access free and low-cost resources, and to forego administrative red tape associated with individual purchasing. Theres no denying that the demands of managing technology can overwhelm understaffed IT departments, said Chris Clark, Director of Public Sector, CDI. The educational sector should only have to worry about enabling our youth through a high-quality, personalized curriculum which now more than ever, is extremely challenging. Together with NJSBA and Carahsoft, CDI Managed Services provides a proven, cost-effective solution that increases operational efficiencies, enables innovation, and provides staff and students with a secure, redundant and powerfully backed infrastructure, allowing IT departments to focus on what really matters -- the students. We are pleased to offer CDIs cloud and managed services to our local boards of education as part of the NJSBA TEC Cooperative Pricing System, said Dr. Lawrence S. Feinsod, NJSBA executive director. With CDIs service, local school boards can ensure that their IT infrastructure is safe, secure and efficient. Carahsoft and CDI have partnered to make CDIs solutions available to school districts and member charter schools under the NJSBA TEC CPS and through Carahsofts reseller partners. We are excited to partner with NJSBA and our resellers to add CDIs innovative cloud and managed services offerings to our portfolio of solutions tailored to meet the needs of educators, said Tim Boltz, Director of Educational Technology at Carahsoft. As school districts throughout New Jersey and the U.S. work to balance the requirements of remote and in-person learning, CDI will enable these institutions to add resiliency and security to their IT infrastructure to ensure minimal interruptions to classes and maximum educational opportunities for students. CDIs public sector practice builds on more than two decades of consulting experience, deep technology skills, and an award-winning cloud and managed services portfolio, which includes data center design, hybrid cloud infrastructure, DevOps, intelligent operations, digital workflow, digital workspace and security technologies. For more information or to request a quote, contact [email protected] or the NJSBA team at Carahsoft at (703) 673-3518 or [email protected]. About Computer Design & Integration LLC (CDI LLC): CDI LLC was founded in 1995, with corporate headquarters in New York City, and office locations in Teterboro, N.J., Atlanta, Annapolis, Philadelphia, Boston and Virginia. The firm has been recognized as one of the top technology providers in the world, offering clients and businesses of all sizes the most up-to-date hybrid IT solutions. CDI continually focuses on achieving client satisfaction by developing and implementing digital solutions that enhance day-to-day workflow processes, and combines the required experience, exceptional talent, quality assurance and stability needed to solve todays most complex business challenges. For more information, visit cdillc.com or call 1-877-216-0133. Follow us on Twitter, Facebook, LinkedIn and YouTube. The New Jersey School Boards Association is a federation of the states local boards of education and includes the majority of New Jerseys charter schools as associate members. NJSBA provides training, advocacy and support to advance public education and promote the achievement of all students through effective governance.
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Computer Design & Integration LLC (CDI LLC) Added to NJSBA TEC Cooperative Pricing System Contract enables members to purchase technological tools and services at a reduced cost
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TETERBORO, N.J.--(BUSINESS WIRE)--Computer Design & Integration LLC (CDI or the Company) announced today that its cloud and managed services offering has been added to the New Jersey School Boards Association (NJSBA) Technology for Education and Career (TEC) Cooperative Pricing System. Offered through NJSBAs contract with Carahsoft Technology Corp., New Jersey K-12 institutions will now have access to CDIs cloud and managed services to proactively monitor, maintain and manage their day-to-day IT infrastructure needs -- on-premises or in the cloud. NJSBAs TEC Cooperative Pricing System is a membership service, supported by the New Jersey Department of Education, that enables school districts and member charter schools to secure technology at a significantly reduced cost, to access free and low-cost resources, and to forego administrative red tape associated with individual purchasing. Theres no denying that the demands of managing technology can overwhelm understaffed IT departments, said Chris Clark, Director of Public Sector, CDI. The educational sector should only have to worry about enabling our youth through a high-quality, personalized curriculum which now more than ever, is extremely challenging. Together with NJSBA and Carahsoft, CDI Managed Services provides a proven, cost-effective solution that increases operational efficiencies, enables innovation, and provides staff and students with a secure, redundant and powerfully backed infrastructure, allowing IT departments to focus on what really matters -- the students. We are pleased to offer CDIs cloud and managed services to our local boards of education as part of the NJSBA TEC Cooperative Pricing System, said Dr. Lawrence S. Feinsod, NJSBA executive director. With CDIs service, local school boards can ensure that their IT infrastructure is safe, secure and efficient. Carahsoft and CDI have partnered to make CDIs solutions available to school districts and member charter schools under the NJSBA TEC CPS and through Carahsofts reseller partners. We are excited to partner with NJSBA and our resellers to add CDIs innovative cloud and managed services offerings to our portfolio of solutions tailored to meet the needs of educators, said Tim Boltz, Director of Educational Technology at Carahsoft. As school districts throughout New Jersey and the U.S. work to balance the requirements of remote and in-person learning, CDI will enable these institutions to add resiliency and security to their IT infrastructure to ensure minimal interruptions to classes and maximum educational opportunities for students. CDIs public sector practice builds on more than two decades of consulting experience, deep technology skills, and an award-winning cloud and managed services portfolio, which includes data center design, hybrid cloud infrastructure, DevOps, intelligent operations, digital workflow, digital workspace and security technologies. For more information or to request a quote, contact [email protected] or the NJSBA team at Carahsoft at (703) 673-3518 or [email protected]. About Computer Design & Integration LLC (CDI LLC): CDI LLC was founded in 1995, with corporate headquarters in New York City, and office locations in Teterboro, N.J., Atlanta, Annapolis, Philadelphia, Boston and Virginia. The firm has been recognized as one of the top technology providers in the world, offering clients and businesses of all sizes the most up-to-date hybrid IT solutions. CDI continually focuses on achieving client satisfaction by developing and implementing digital solutions that enhance day-to-day workflow processes, and combines the required experience, exceptional talent, quality assurance and stability needed to solve todays most complex business challenges. For more information, visit cdillc.com or call 1-877-216-0133. Follow us on Twitter, Facebook, LinkedIn and YouTube. The New Jersey School Boards Association is a federation of the states local boards of education and includes the majority of New Jerseys charter schools as associate members. NJSBA provides training, advocacy and support to advance public education and promote the achievement of all students through effective governance.
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edtsum7471
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: NEW YORK, May 7, 2020 /PRNewswire/ -- Busbar Trunking System market worldwide is projected to grow by US$3.5 Billion, driven by a compounded growth of 6.6%. Industrial, one of the segments analyzed and sized in this study, displays the potential to grow at over 7.1%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$3.6 Billion by the year 2025, Industrial will bring in healthy gains adding significant momentum to global growth. Read the full report: https://www.reportlinker.com/p05798084/?utm_source=PRN - Representing the developed world, the United States will maintain a 7.5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$161.7 Million to the region's size and clout in the next 5 to 6 years. Over US$164.7 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Industrial will reach a market size of US$321 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 6.3% over the next couple of years and add approximately US$607.8 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies. - Competitors identified in this market include, among others, ABB Ltd. ARJ Holding LLC Busbar Services C&S Electric Ltd. Dbts Industries Sdn. Bhd. E.A.E Elektrik A.S. Eaton Corporation PLC Entraco Power Systems GE Industrial Solutions Gersan Elektrik Tic. Ve San. A.S Godrej & Boyce Manufacturing Co., Ltd. Graziadio & C. SpA KGS Engineering Ltd. Larsen & Toubro Ltd. Legrand SA Megabarre Europe Srl Naxso S.R.L NOVA Limited. Pogliano S.R.L Power Distribution, Inc. (PDI) Power Plug Busduct Sdn. Bhd. Powerbar Gulf LLC Rittal GmbH & Co. KG Schneider Electric SA Siemens AG Vass Electrical Industries VMtec Maschinen-und Anlagenbau GmbH Read the full report: https://www.reportlinker.com/p05798084/?utm_source=PRN I. INTRODUCTION, METHODOLOGY & REPORT SCOPEII. EXECUTIVE SUMMARY1. MARKET OVERVIEWGlobal Competitor Market SharesBusbar Trunking System Competitor Market Share ScenarioWorldwide (in %): 2019 & 20252. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVETable 1: Busbar Trunking System Global Market Estimates andForecasts in US$ Million by Region/Country: 2018-2025Table 2: Busbar Trunking System Global Retrospective MarketScenario in US$ Million by Region/Country: 2009-2017Table 3: Busbar Trunking System Market Share Shift across KeyGeographies Worldwide: 2009 VS 2019 VS 2025Table 4: Industrial (End-Use) Global Opportunity Assessment inUS$ Million by Region/Country: 2018-2025Table 5: Industrial (End-Use) Historic Sales Analysis in US$Million by Region/Country: 2009-2017Table 6: Industrial (End-Use) Percentage Share Breakdown ofGlobal Sales by Region/Country: 2009 VS 2019 VS 2025Table 7: Commercial (End-Use) Worldwide Sales in US$ Million byRegion/Country: 2018-2025Table 8: Commercial (End-Use) Historic Demand Patterns in US$Million by Region/Country: 2009-2017Table 9: Commercial (End-Use) Market Share Shift across KeyGeographies: 2009 VS 2019 VS 2025Table 10: Large Residential (End-Use) Global Market Estimates &Forecasts in US$ Million by Region/Country: 2018-2025Table 11: Large Residential (End-Use) Retrospective DemandAnalysis in US$ Million by Region/Country: 2009-2017Table 12: Large Residential (End-Use) Market Share Breakdown byRegion/Country: 2009 VS 2019 VS 2025Table 13: Transportation (End-Use) Demand Potential Worldwidein US$ Million by Region/Country: 2018-2025Table 14: Transportation (End-Use) Historic Sales Analysis inUS$ Million by Region/Country: 2009-2017Table 15: Transportation (End-Use) Share Breakdown Review byRegion/Country: 2009 VS 2019 VS 2025Table 16: Other End-Uses (End-Use) Worldwide Latent DemandForecasts in US$ Million by Region/Country: 2018-2025Table 17: Other End-Uses (End-Use) Global Historic Analysis inUS$ Million by Region/Country: 2009-2017Table 18: Other End-Uses (End-Use) Distribution of Global Salesby Region/Country: 2009 VS 2019 VS 2025Table 19: Air Insulation (Insulation) World Market Estimatesand Forecasts in US$ Million by Region/Country: 2018 to 2025Table 20: Air Insulation (Insulation) Market Worldwide HistoricReview by Region/Country in US$ Million: 2009 to 2017Table 21: Air Insulation (Insulation) Market Percentage ShareDistribution by Region/Country: 2009 VS 2019 VS 2025Table 22: Sandwich (Insulation) Market Opportunity AnalysisWorldwide in US$ Million by Region/Country: 2018 to 2025Table 23: Sandwich (Insulation) Global Historic Demand in US$Million by Region/Country: 2009 to 2017Table 24: Sandwich (Insulation) Market Share Distribution inPercentage by Region/Country: 2009 VS 2019 VS 2025III. MARKET ANALYSISGEOGRAPHIC MARKET ANALYSISUNITED STATESMarket Facts & FiguresUS Busbar Trunking System Market Share (in %) by Company: 2019 &2025Market AnalyticsTable 25: United States Busbar Trunking System Latent DemandForecasts in US$ Million by End-Use: 2018 to 2025Table 26: Busbar Trunking System Historic Demand Patterns inthe United States by End-Use in US$ Million for 2009-2017Table 27: Busbar Trunking System Market Share Breakdown in theUnited States by End-Use: 2009 VS 2019 VS 2025Table 28: United States Busbar Trunking System Market Estimatesand Projections in US$ Million by Insulation: 2018 to 2025Table 29: Busbar Trunking System Market in the United States byInsulation: A Historic Review in US$ Million for 2009-2017Table 30: United States Busbar Trunking System Market ShareBreakdown by Insulation: 2009 VS 2019 VS 2025CANADATable 31: Canadian Busbar Trunking System Market QuantitativeDemand Analysis in US$ Million by End-Use: 2018 to 2025Table 32: Busbar Trunking System Market in Canada:Summarization of Historic Demand Patterns in US$ Million byEnd-Use for 2009-2017Table 33: Canadian Busbar Trunking System Market Share Analysisby End-Use: 2009 VS 2019 VS 2025Table 34: Canadian Busbar Trunking System Market Estimates andForecasts in US$ Million by Insulation: 2018 to 2025Table 35: Canadian Busbar Trunking System Historic MarketReview by Insulation in US$ Million: 2009-2017Table 36: Busbar Trunking System Market in Canada: PercentageShare Breakdown of Sales by Insulation for 2009, 2019, and 2025JAPANTable 37: Japanese Demand Estimates and Forecasts for BusbarTrunking System in US$ Million by End-Use: 2018 to 2025Table 38: Japanese Busbar Trunking System Market in US$ Millionby End-Use: 2009-2017Table 39: Busbar Trunking System Market Share Shift in Japan byEnd-Use: 2009 VS 2019 VS 2025Table 40: Japanese Market for Busbar Trunking System: AnnualSales Estimates and Projections in US$ Million by Insulationfor the Period 2018-2025Table 41: Busbar Trunking System Market in Japan: HistoricSales Analysis in US$ Million by Insulation for the Period2009-2017Table 42: Japanese Busbar Trunking System Market Share Analysisby Insulation: 2009 VS 2019 VS 2025CHINATable 43: Chinese Demand for Busbar Trunking System in US$Million by End-Use: 2018 to 2025Table 44: Busbar Trunking System Market Review in China in US$Million by End-Use: 2009-2017Table 45: Chinese Busbar Trunking System Market Share Breakdownby End-Use: 2009 VS 2019 VS 2025Table 46: Chinese Busbar Trunking System Market GrowthProspects in US$ Million by Insulation for the Period 2018-2025Table 47: Busbar Trunking System Historic Market Analysis inChina in US$ Million by Insulation: 2009-2017Table 48: Chinese Busbar Trunking System Market by Insulation:Percentage Breakdown of Sales for 2009, 2019, and 2025EUROPEMarket Facts & FiguresEuropean Busbar Trunking System Market: Competitor Market ShareScenario (in %) for 2019 & 2025Market AnalyticsTable 49: European Busbar Trunking System Market DemandScenario in US$ Million by Region/Country: 2018-2025Table 50: Busbar Trunking System Market in Europe: A HistoricMarket Perspective in US$ Million by Region/Country for thePeriod 2009-2017Table 51: European Busbar Trunking System Market Share Shift byRegion/Country: 2009 VS 2019 VS 2025Table 52: European Busbar Trunking System Addressable MarketOpportunity in US$ Million by End-Use: 2018-2025Table 53: Busbar Trunking System Market in Europe:Summarization of Historic Demand in US$ Million by End-Use forthe Period 2009-2017Table 54: European Busbar Trunking System Market Share Analysisby End-Use: 2009 VS 2019 VS 2025Table 55: European Busbar Trunking System Market Estimates andForecasts in US$ Million by Insulation: 2018-2025Table 56: Busbar Trunking System Market in Europe in US$Million by Insulation: A Historic Review for the Period2009-2017Table 57: European Busbar Trunking System Market ShareBreakdown by Insulation: 2009 VS 2019 VS 2025FRANCETable 58: Busbar Trunking System Quantitative Demand Analysisin France in US$ Million by End-Use: 2018-2025Table 59: French Busbar Trunking System Historic Market Reviewin US$ Million by End-Use: 2009-2017Table 60: French Busbar Trunking System Market Share Analysis:A 17-Year Perspective by End-Use for 2009, 2019, and 2025Table 61: Busbar Trunking System Market in France byInsulation: Estimates and Projections in US$ Million for thePeriod 2018-2025Table 62: French Busbar Trunking System Historic MarketScenario in US$ Million by Insulation: 2009-2017Table 63: French Busbar Trunking System Market Share Analysisby Insulation: 2009 VS 2019 VS 2025GERMANYTable 64: Busbar Trunking System Market in Germany: AnnualSales Estimates and Forecasts in US$ Million by End-Use for thePeriod 2018-2025Table 65: German Busbar Trunking System Market in Retrospect inUS$ Million by End-Use: 2009-2017Table 66: Busbar Trunking System Market Share Distribution inGermany by End-Use: 2009 VS 2019 VS 2025Table 67: Busbar Trunking System Market in Germany: RecentPast, Current and Future Analysis in US$ Million by Insulationfor the Period 2018-2025Table 68: German Busbar Trunking System Historic MarketAnalysis in US$ Million by Insulation: 2009-2017Table 69: German Busbar Trunking System Market Share Breakdownby Insulation: 2009 VS 2019 VS 2025ITALYTable 70: Italian Demand for Busbar Trunking System in US$Million by End-Use: 2018 to 2025Table 71: Busbar Trunking System Market Review in Italy in US$Million by End-Use: 2009-2017Table 72: Italian Busbar Trunking System Market Share Breakdownby End-Use: 2009 VS 2019 VS 2025Table 73: Italian Busbar Trunking System Market GrowthProspects in US$ Million by Insulation for the Period 2018-2025Table 74: Busbar Trunking System Historic Market Analysis inItaly in US$ Million by Insulation: 2009-2017Table 75: Italian Busbar Trunking System Market by Insulation:Percentage Breakdown of Sales for 2009, 2019, and 2025UNITED KINGDOMTable 76: United Kingdom Demand Estimates and Forecasts forBusbar Trunking System in US$ Million by End-Use: 2018 to 2025Table 77: United Kingdom Busbar Trunking System Market in US$Million by End-Use: 2009-2017Table 78: Busbar Trunking System Market Share Shift in theUnited Kingdom by End-Use: 2009 VS 2019 VS 2025Table 79: United Kingdom Market for Busbar Trunking System:Annual Sales Estimates and Projections in US$ Million byInsulation for the Period 2018-2025Table 80: Busbar Trunking System Market in the United Kingdom:Historic Sales Analysis in US$ Million by Insulation for thePeriod 2009-2017Table 81: United Kingdom Busbar Trunking System Market ShareAnalysis by Insulation: 2009 VS 2019 VS 2025REST OF EUROPETable 82: Rest of Europe Busbar Trunking System AddressableMarket Opportunity in US$ Million by End-Use: 2018-2025Table 83: Busbar Trunking System Market in Rest of Europe:Summarization of Historic Demand in US$ Million by End-Use forthe Period 2009-2017Table 84: Rest of Europe Busbar Trunking System Market ShareAnalysis by End-Use: 2009 VS 2019 VS 2025Table 85: Rest of Europe Busbar Trunking System MarketEstimates and Forecasts in US$ Million by Insulation: 2018-2025Table 86: Busbar Trunking System Market in Rest of Europe inUS$ Million by Insulation: A Historic Review for the Period2009-2017Table 87: Rest of Europe Busbar Trunking System Market ShareBreakdown by Insulation: 2009 VS 2019 VS 2025ASIA-PACIFICTable 88: Busbar Trunking System Quantitative Demand Analysisin Asia-Pacific in US$ Million by End-Use: 2018-2025Table 89: Asia-Pacific Busbar Trunking System Historic MarketReview in US$ Million by End-Use: 2009-2017Table 90: Asia-Pacific Busbar Trunking System Market ShareAnalysis: A 17-Year Perspective by End-Use for 2009, 2019, and2025Table 91: Busbar Trunking System Market in Asia-Pacific byInsulation: Estimates and Projections in US$ Million for thePeriod 2018-2025Table 92: Asia-Pacific Busbar Trunking System Historic MarketScenario in US$ Million by Insulation: 2009-2017Table 93: Asia-Pacific Busbar Trunking System Market ShareAnalysis by Insulation: 2009 VS 2019 VS 2025REST OF WORLDTable 94: Rest of World Busbar Trunking System MarketQuantitative Demand Analysis in US$ Million by End-Use: 2018 to2025Table 95: Busbar Trunking System Market in Rest of World:Summarization of Historic Demand Patterns in US$ Million byEnd-Use for 2009-2017Table 96: Rest of World Busbar Trunking System Market ShareAnalysis by End-Use: 2009 VS 2019 VS 2025Table 97: Rest of World Busbar Trunking System Market Estimatesand Forecasts in US$ Million by Insulation: 2018 to 2025Table 98: Rest of World Busbar Trunking System Historic MarketReview by Insulation in US$ Million: 2009-2017Table 99: Busbar Trunking System Market in Rest of World:Percentage Share Breakdown of Sales by Insulation for 2009,2019, and 2025IV. COMPETITIONABB GROUPARJ HOLDINGBUSBAR SERVICESC&S ELECTRICDBTS INDUSTRIES SDN. BHD.E.A.E ELEKTRIK A.S.EATON CORPORATION PLCENTRACO POWER SYSTEMSGE INDUSTRIAL SOLUTIONSGERSAN ELEKTRIK TIC. VE SAN. A.SGODREJ & BOYCE MANUFACTURINGGRAZIADIO & C. SPAKGS ENGINEERINGLARSEN & TOUBROLEGRAND SAMEGABARRE EUROPE SRLNOVA LIMITEDNAXSO S.R.LPOGLIANO S.R.LPOWER DISTRIBUTION, INC. (PDI)POWER PLUG BUSDUCT SDN. BHD.POWERBAR GULFRITTAL GMBH & CO. KGSCHNEIDER ELECTRIC SASIEMENS AGVMTEC MASCHINEN-UND ANLAGENBAU GMBHVASS ELECTRICAL INDUSTRIESV. CURATED RESEARCHRead the full report: https://www.reportlinker.com/p05798084/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [emailprotected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker Related Links www.reportlinker.com
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Global Busbar Trunking System Industry
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NEW YORK, May 7, 2020 /PRNewswire/ -- Busbar Trunking System market worldwide is projected to grow by US$3.5 Billion, driven by a compounded growth of 6.6%. Industrial, one of the segments analyzed and sized in this study, displays the potential to grow at over 7.1%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$3.6 Billion by the year 2025, Industrial will bring in healthy gains adding significant momentum to global growth. Read the full report: https://www.reportlinker.com/p05798084/?utm_source=PRN - Representing the developed world, the United States will maintain a 7.5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$161.7 Million to the region's size and clout in the next 5 to 6 years. Over US$164.7 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Industrial will reach a market size of US$321 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 6.3% over the next couple of years and add approximately US$607.8 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies. - Competitors identified in this market include, among others, ABB Ltd. ARJ Holding LLC Busbar Services C&S Electric Ltd. Dbts Industries Sdn. Bhd. E.A.E Elektrik A.S. Eaton Corporation PLC Entraco Power Systems GE Industrial Solutions Gersan Elektrik Tic. Ve San. A.S Godrej & Boyce Manufacturing Co., Ltd. Graziadio & C. SpA KGS Engineering Ltd. Larsen & Toubro Ltd. Legrand SA Megabarre Europe Srl Naxso S.R.L NOVA Limited. Pogliano S.R.L Power Distribution, Inc. (PDI) Power Plug Busduct Sdn. Bhd. Powerbar Gulf LLC Rittal GmbH & Co. KG Schneider Electric SA Siemens AG Vass Electrical Industries VMtec Maschinen-und Anlagenbau GmbH Read the full report: https://www.reportlinker.com/p05798084/?utm_source=PRN I. INTRODUCTION, METHODOLOGY & REPORT SCOPEII. EXECUTIVE SUMMARY1. MARKET OVERVIEWGlobal Competitor Market SharesBusbar Trunking System Competitor Market Share ScenarioWorldwide (in %): 2019 & 20252. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVETable 1: Busbar Trunking System Global Market Estimates andForecasts in US$ Million by Region/Country: 2018-2025Table 2: Busbar Trunking System Global Retrospective MarketScenario in US$ Million by Region/Country: 2009-2017Table 3: Busbar Trunking System Market Share Shift across KeyGeographies Worldwide: 2009 VS 2019 VS 2025Table 4: Industrial (End-Use) Global Opportunity Assessment inUS$ Million by Region/Country: 2018-2025Table 5: Industrial (End-Use) Historic Sales Analysis in US$Million by Region/Country: 2009-2017Table 6: Industrial (End-Use) Percentage Share Breakdown ofGlobal Sales by Region/Country: 2009 VS 2019 VS 2025Table 7: Commercial (End-Use) Worldwide Sales in US$ Million byRegion/Country: 2018-2025Table 8: Commercial (End-Use) Historic Demand Patterns in US$Million by Region/Country: 2009-2017Table 9: Commercial (End-Use) Market Share Shift across KeyGeographies: 2009 VS 2019 VS 2025Table 10: Large Residential (End-Use) Global Market Estimates &Forecasts in US$ Million by Region/Country: 2018-2025Table 11: Large Residential (End-Use) Retrospective DemandAnalysis in US$ Million by Region/Country: 2009-2017Table 12: Large Residential (End-Use) Market Share Breakdown byRegion/Country: 2009 VS 2019 VS 2025Table 13: Transportation (End-Use) Demand Potential Worldwidein US$ Million by Region/Country: 2018-2025Table 14: Transportation (End-Use) Historic Sales Analysis inUS$ Million by Region/Country: 2009-2017Table 15: Transportation (End-Use) Share Breakdown Review byRegion/Country: 2009 VS 2019 VS 2025Table 16: Other End-Uses (End-Use) Worldwide Latent DemandForecasts in US$ Million by Region/Country: 2018-2025Table 17: Other End-Uses (End-Use) Global Historic Analysis inUS$ Million by Region/Country: 2009-2017Table 18: Other End-Uses (End-Use) Distribution of Global Salesby Region/Country: 2009 VS 2019 VS 2025Table 19: Air Insulation (Insulation) World Market Estimatesand Forecasts in US$ Million by Region/Country: 2018 to 2025Table 20: Air Insulation (Insulation) Market Worldwide HistoricReview by Region/Country in US$ Million: 2009 to 2017Table 21: Air Insulation (Insulation) Market Percentage ShareDistribution by Region/Country: 2009 VS 2019 VS 2025Table 22: Sandwich (Insulation) Market Opportunity AnalysisWorldwide in US$ Million by Region/Country: 2018 to 2025Table 23: Sandwich (Insulation) Global Historic Demand in US$Million by Region/Country: 2009 to 2017Table 24: Sandwich (Insulation) Market Share Distribution inPercentage by Region/Country: 2009 VS 2019 VS 2025III. MARKET ANALYSISGEOGRAPHIC MARKET ANALYSISUNITED STATESMarket Facts & FiguresUS Busbar Trunking System Market Share (in %) by Company: 2019 &2025Market AnalyticsTable 25: United States Busbar Trunking System Latent DemandForecasts in US$ Million by End-Use: 2018 to 2025Table 26: Busbar Trunking System Historic Demand Patterns inthe United States by End-Use in US$ Million for 2009-2017Table 27: Busbar Trunking System Market Share Breakdown in theUnited States by End-Use: 2009 VS 2019 VS 2025Table 28: United States Busbar Trunking System Market Estimatesand Projections in US$ Million by Insulation: 2018 to 2025Table 29: Busbar Trunking System Market in the United States byInsulation: A Historic Review in US$ Million for 2009-2017Table 30: United States Busbar Trunking System Market ShareBreakdown by Insulation: 2009 VS 2019 VS 2025CANADATable 31: Canadian Busbar Trunking System Market QuantitativeDemand Analysis in US$ Million by End-Use: 2018 to 2025Table 32: Busbar Trunking System Market in Canada:Summarization of Historic Demand Patterns in US$ Million byEnd-Use for 2009-2017Table 33: Canadian Busbar Trunking System Market Share Analysisby End-Use: 2009 VS 2019 VS 2025Table 34: Canadian Busbar Trunking System Market Estimates andForecasts in US$ Million by Insulation: 2018 to 2025Table 35: Canadian Busbar Trunking System Historic MarketReview by Insulation in US$ Million: 2009-2017Table 36: Busbar Trunking System Market in Canada: PercentageShare Breakdown of Sales by Insulation for 2009, 2019, and 2025JAPANTable 37: Japanese Demand Estimates and Forecasts for BusbarTrunking System in US$ Million by End-Use: 2018 to 2025Table 38: Japanese Busbar Trunking System Market in US$ Millionby End-Use: 2009-2017Table 39: Busbar Trunking System Market Share Shift in Japan byEnd-Use: 2009 VS 2019 VS 2025Table 40: Japanese Market for Busbar Trunking System: AnnualSales Estimates and Projections in US$ Million by Insulationfor the Period 2018-2025Table 41: Busbar Trunking System Market in Japan: HistoricSales Analysis in US$ Million by Insulation for the Period2009-2017Table 42: Japanese Busbar Trunking System Market Share Analysisby Insulation: 2009 VS 2019 VS 2025CHINATable 43: Chinese Demand for Busbar Trunking System in US$Million by End-Use: 2018 to 2025Table 44: Busbar Trunking System Market Review in China in US$Million by End-Use: 2009-2017Table 45: Chinese Busbar Trunking System Market Share Breakdownby End-Use: 2009 VS 2019 VS 2025Table 46: Chinese Busbar Trunking System Market GrowthProspects in US$ Million by Insulation for the Period 2018-2025Table 47: Busbar Trunking System Historic Market Analysis inChina in US$ Million by Insulation: 2009-2017Table 48: Chinese Busbar Trunking System Market by Insulation:Percentage Breakdown of Sales for 2009, 2019, and 2025EUROPEMarket Facts & FiguresEuropean Busbar Trunking System Market: Competitor Market ShareScenario (in %) for 2019 & 2025Market AnalyticsTable 49: European Busbar Trunking System Market DemandScenario in US$ Million by Region/Country: 2018-2025Table 50: Busbar Trunking System Market in Europe: A HistoricMarket Perspective in US$ Million by Region/Country for thePeriod 2009-2017Table 51: European Busbar Trunking System Market Share Shift byRegion/Country: 2009 VS 2019 VS 2025Table 52: European Busbar Trunking System Addressable MarketOpportunity in US$ Million by End-Use: 2018-2025Table 53: Busbar Trunking System Market in Europe:Summarization of Historic Demand in US$ Million by End-Use forthe Period 2009-2017Table 54: European Busbar Trunking System Market Share Analysisby End-Use: 2009 VS 2019 VS 2025Table 55: European Busbar Trunking System Market Estimates andForecasts in US$ Million by Insulation: 2018-2025Table 56: Busbar Trunking System Market in Europe in US$Million by Insulation: A Historic Review for the Period2009-2017Table 57: European Busbar Trunking System Market ShareBreakdown by Insulation: 2009 VS 2019 VS 2025FRANCETable 58: Busbar Trunking System Quantitative Demand Analysisin France in US$ Million by End-Use: 2018-2025Table 59: French Busbar Trunking System Historic Market Reviewin US$ Million by End-Use: 2009-2017Table 60: French Busbar Trunking System Market Share Analysis:A 17-Year Perspective by End-Use for 2009, 2019, and 2025Table 61: Busbar Trunking System Market in France byInsulation: Estimates and Projections in US$ Million for thePeriod 2018-2025Table 62: French Busbar Trunking System Historic MarketScenario in US$ Million by Insulation: 2009-2017Table 63: French Busbar Trunking System Market Share Analysisby Insulation: 2009 VS 2019 VS 2025GERMANYTable 64: Busbar Trunking System Market in Germany: AnnualSales Estimates and Forecasts in US$ Million by End-Use for thePeriod 2018-2025Table 65: German Busbar Trunking System Market in Retrospect inUS$ Million by End-Use: 2009-2017Table 66: Busbar Trunking System Market Share Distribution inGermany by End-Use: 2009 VS 2019 VS 2025Table 67: Busbar Trunking System Market in Germany: RecentPast, Current and Future Analysis in US$ Million by Insulationfor the Period 2018-2025Table 68: German Busbar Trunking System Historic MarketAnalysis in US$ Million by Insulation: 2009-2017Table 69: German Busbar Trunking System Market Share Breakdownby Insulation: 2009 VS 2019 VS 2025ITALYTable 70: Italian Demand for Busbar Trunking System in US$Million by End-Use: 2018 to 2025Table 71: Busbar Trunking System Market Review in Italy in US$Million by End-Use: 2009-2017Table 72: Italian Busbar Trunking System Market Share Breakdownby End-Use: 2009 VS 2019 VS 2025Table 73: Italian Busbar Trunking System Market GrowthProspects in US$ Million by Insulation for the Period 2018-2025Table 74: Busbar Trunking System Historic Market Analysis inItaly in US$ Million by Insulation: 2009-2017Table 75: Italian Busbar Trunking System Market by Insulation:Percentage Breakdown of Sales for 2009, 2019, and 2025UNITED KINGDOMTable 76: United Kingdom Demand Estimates and Forecasts forBusbar Trunking System in US$ Million by End-Use: 2018 to 2025Table 77: United Kingdom Busbar Trunking System Market in US$Million by End-Use: 2009-2017Table 78: Busbar Trunking System Market Share Shift in theUnited Kingdom by End-Use: 2009 VS 2019 VS 2025Table 79: United Kingdom Market for Busbar Trunking System:Annual Sales Estimates and Projections in US$ Million byInsulation for the Period 2018-2025Table 80: Busbar Trunking System Market in the United Kingdom:Historic Sales Analysis in US$ Million by Insulation for thePeriod 2009-2017Table 81: United Kingdom Busbar Trunking System Market ShareAnalysis by Insulation: 2009 VS 2019 VS 2025REST OF EUROPETable 82: Rest of Europe Busbar Trunking System AddressableMarket Opportunity in US$ Million by End-Use: 2018-2025Table 83: Busbar Trunking System Market in Rest of Europe:Summarization of Historic Demand in US$ Million by End-Use forthe Period 2009-2017Table 84: Rest of Europe Busbar Trunking System Market ShareAnalysis by End-Use: 2009 VS 2019 VS 2025Table 85: Rest of Europe Busbar Trunking System MarketEstimates and Forecasts in US$ Million by Insulation: 2018-2025Table 86: Busbar Trunking System Market in Rest of Europe inUS$ Million by Insulation: A Historic Review for the Period2009-2017Table 87: Rest of Europe Busbar Trunking System Market ShareBreakdown by Insulation: 2009 VS 2019 VS 2025ASIA-PACIFICTable 88: Busbar Trunking System Quantitative Demand Analysisin Asia-Pacific in US$ Million by End-Use: 2018-2025Table 89: Asia-Pacific Busbar Trunking System Historic MarketReview in US$ Million by End-Use: 2009-2017Table 90: Asia-Pacific Busbar Trunking System Market ShareAnalysis: A 17-Year Perspective by End-Use for 2009, 2019, and2025Table 91: Busbar Trunking System Market in Asia-Pacific byInsulation: Estimates and Projections in US$ Million for thePeriod 2018-2025Table 92: Asia-Pacific Busbar Trunking System Historic MarketScenario in US$ Million by Insulation: 2009-2017Table 93: Asia-Pacific Busbar Trunking System Market ShareAnalysis by Insulation: 2009 VS 2019 VS 2025REST OF WORLDTable 94: Rest of World Busbar Trunking System MarketQuantitative Demand Analysis in US$ Million by End-Use: 2018 to2025Table 95: Busbar Trunking System Market in Rest of World:Summarization of Historic Demand Patterns in US$ Million byEnd-Use for 2009-2017Table 96: Rest of World Busbar Trunking System Market ShareAnalysis by End-Use: 2009 VS 2019 VS 2025Table 97: Rest of World Busbar Trunking System Market Estimatesand Forecasts in US$ Million by Insulation: 2018 to 2025Table 98: Rest of World Busbar Trunking System Historic MarketReview by Insulation in US$ Million: 2009-2017Table 99: Busbar Trunking System Market in Rest of World:Percentage Share Breakdown of Sales by Insulation for 2009,2019, and 2025IV. COMPETITIONABB GROUPARJ HOLDINGBUSBAR SERVICESC&S ELECTRICDBTS INDUSTRIES SDN. BHD.E.A.E ELEKTRIK A.S.EATON CORPORATION PLCENTRACO POWER SYSTEMSGE INDUSTRIAL SOLUTIONSGERSAN ELEKTRIK TIC. VE SAN. A.SGODREJ & BOYCE MANUFACTURINGGRAZIADIO & C. SPAKGS ENGINEERINGLARSEN & TOUBROLEGRAND SAMEGABARRE EUROPE SRLNOVA LIMITEDNAXSO S.R.LPOGLIANO S.R.LPOWER DISTRIBUTION, INC. (PDI)POWER PLUG BUSDUCT SDN. BHD.POWERBAR GULFRITTAL GMBH & CO. KGSCHNEIDER ELECTRIC SASIEMENS AGVMTEC MASCHINEN-UND ANLAGENBAU GMBHVASS ELECTRICAL INDUSTRIESV. CURATED RESEARCHRead the full report: https://www.reportlinker.com/p05798084/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [emailprotected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker Related Links www.reportlinker.com
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edtsum7477
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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, April 29, 2020 /PRNewswire/ -- The "Advertising (COVID-19 Impact) - Thematic Research" report has been added to ResearchAndMarkets.com's offering. The COVID-19 outbreak has now spread across the world, leaving a trail of destruction in its wake. This report discusses the impact of the virus on leading companies in the advertising sector.Key Highlights Widespread travel disruption, cancelled events, and economic uncertainty will hit the global advertising sector hard. Many marketing campaigns have been eliminated, and ad spend is expected to plummet. Some of the biggest spenders on advertising, including Procter & Gamble, Unilever, Apple, Microsoft, Danone, AB InBev, Burberry, and Aston Martin, have cut sales forecasts significantly, and advertising budgets are often the first to be slashed when companies are facing a crisis. Most advertising companies will experience negative impacts on their business as ad revenues globally dry up. Advertising companies need to tailor their clients' campaigns to fit tighter budgets. How they react to this situation will determine how they fare in the long-term. Scope of the report: This report analyzes the impact of COVID-19 on the global advertising sector. It identifies those companies that may benefit from the impact of COVID-19 over a 12-month period, as well as those companies that will lose out. It includes a thematic screen, that ranks the leading companies in this sector on the basis of overall leadership in the 10 themes that matter most to their industry, including COVID-19. This generates a leading indicator of future performance. Reasons to Buy COVID-19 is by far the most significant theme to affect the industry in 2020. It is effectively a stress test on companies' ability to cope with extreme shocks. COVID-19 will test the financial robustness of companies. Many companies will not survive this initial phase. Almost all others will suffer a significant drop in revenues. This report will help you understand the impact of COVID-19 on the advertising sector and identify which types of companies could potentially benefit from the impact of COVID-19, as well as those businesses that are set to lose out. Key Topics Covered: COVID-19 is Now a Major Theme for 2020 COVID-19 Impact on Advertising Advertising Sector Scorecard Thematic Briefing Appendix: Thematic Research Methodology Companies Mentioned Alibaba Amazon WPP Adobe comScore Vivendi Tencent Yandex Alphabet Yahoo! Japan Omnicom Publicis Interpublic Lamar Advertising JC Decaux Outfront Media Dentsu TripAdvisor Clear Channel Verizon Baidu Rightmove M&C Saatchi Twitter Trade Desk Pinterest Nielsen Alliance Data Systems Criteo Facebook Angie's List Cheil ChannelAdvisor HubSpot Yelp Rubicon Project Marchex For more information about this report visit https://www.researchandmarkets.com/r/m9t9uz 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
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Global Advertising Industry in 2020: What is the Impact of the Coronavirus Pandemic?
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DUBLIN, April 29, 2020 /PRNewswire/ -- The "Advertising (COVID-19 Impact) - Thematic Research" report has been added to ResearchAndMarkets.com's offering. The COVID-19 outbreak has now spread across the world, leaving a trail of destruction in its wake. This report discusses the impact of the virus on leading companies in the advertising sector.Key Highlights Widespread travel disruption, cancelled events, and economic uncertainty will hit the global advertising sector hard. Many marketing campaigns have been eliminated, and ad spend is expected to plummet. Some of the biggest spenders on advertising, including Procter & Gamble, Unilever, Apple, Microsoft, Danone, AB InBev, Burberry, and Aston Martin, have cut sales forecasts significantly, and advertising budgets are often the first to be slashed when companies are facing a crisis. Most advertising companies will experience negative impacts on their business as ad revenues globally dry up. Advertising companies need to tailor their clients' campaigns to fit tighter budgets. How they react to this situation will determine how they fare in the long-term. Scope of the report: This report analyzes the impact of COVID-19 on the global advertising sector. It identifies those companies that may benefit from the impact of COVID-19 over a 12-month period, as well as those companies that will lose out. It includes a thematic screen, that ranks the leading companies in this sector on the basis of overall leadership in the 10 themes that matter most to their industry, including COVID-19. This generates a leading indicator of future performance. Reasons to Buy COVID-19 is by far the most significant theme to affect the industry in 2020. It is effectively a stress test on companies' ability to cope with extreme shocks. COVID-19 will test the financial robustness of companies. Many companies will not survive this initial phase. Almost all others will suffer a significant drop in revenues. This report will help you understand the impact of COVID-19 on the advertising sector and identify which types of companies could potentially benefit from the impact of COVID-19, as well as those businesses that are set to lose out. Key Topics Covered: COVID-19 is Now a Major Theme for 2020 COVID-19 Impact on Advertising Advertising Sector Scorecard Thematic Briefing Appendix: Thematic Research Methodology Companies Mentioned Alibaba Amazon WPP Adobe comScore Vivendi Tencent Yandex Alphabet Yahoo! Japan Omnicom Publicis Interpublic Lamar Advertising JC Decaux Outfront Media Dentsu TripAdvisor Clear Channel Verizon Baidu Rightmove M&C Saatchi Twitter Trade Desk Pinterest Nielsen Alliance Data Systems Criteo Facebook Angie's List Cheil ChannelAdvisor HubSpot Yelp Rubicon Project Marchex For more information about this report visit https://www.researchandmarkets.com/r/m9t9uz 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
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edtsum7479
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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 21, 2020 /PRNewswire/ --BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) today announced that Jean-Jacques Bienaim, Chairman and Chief Executive Officer of BioMarin, will host a conference call and webcast on Tuesday, August 4, at 4:30 p.m. ET to discuss second quarter 2020 financial results and provide a general business update. Dial-in NumberU.S. / Canada Dial-in Number: (866) 502-9859International Dial-in Number: (574) 990-1362Conference ID: 3285215 Replay Dial-in Number: (855) 859-2056Replay International Dial-in Number: (404) 537-3406Conference ID: 3285215 Interested parties may access a live audio webcast of the conference call via the investor section of the BioMarin website,www.biomarin.com. A replay of the call will be archived on the site for one week following the call. About BioMarinBioMarin is a global biotechnology company that develops and commercializes innovative therapies for patients with serious and life-threatening rare genetic diseases. The company's portfolio consists of six commercialized products and multiple clinical and pre-clinical product candidates. For additional information, please visit www.biomarin.com. Information on BioMarin's website is not incorporated by reference into this press release. Contacts: Investors Media Traci McCarty Debra Charlesworth BioMarin Pharmaceutical Inc. BioMarin Pharmaceutical Inc. (415) 455-7558 (415) 455-7451 SOURCE BioMarin Pharmaceutical Inc. Related Links http://www.biomarin.com
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BioMarin to Host Second Quarter 2020 Financial Results Conference Call and Webcast on Tuesday, August 4 at 4:30pm ET
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SAN RAFAEL, Calif., July 21, 2020 /PRNewswire/ --BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) today announced that Jean-Jacques Bienaim, Chairman and Chief Executive Officer of BioMarin, will host a conference call and webcast on Tuesday, August 4, at 4:30 p.m. ET to discuss second quarter 2020 financial results and provide a general business update. Dial-in NumberU.S. / Canada Dial-in Number: (866) 502-9859International Dial-in Number: (574) 990-1362Conference ID: 3285215 Replay Dial-in Number: (855) 859-2056Replay International Dial-in Number: (404) 537-3406Conference ID: 3285215 Interested parties may access a live audio webcast of the conference call via the investor section of the BioMarin website,www.biomarin.com. A replay of the call will be archived on the site for one week following the call. About BioMarinBioMarin is a global biotechnology company that develops and commercializes innovative therapies for patients with serious and life-threatening rare genetic diseases. The company's portfolio consists of six commercialized products and multiple clinical and pre-clinical product candidates. For additional information, please visit www.biomarin.com. Information on BioMarin's website is not incorporated by reference into this press release. Contacts: Investors Media Traci McCarty Debra Charlesworth BioMarin Pharmaceutical Inc. BioMarin Pharmaceutical Inc. (415) 455-7558 (415) 455-7451 SOURCE BioMarin Pharmaceutical Inc. Related Links http://www.biomarin.com
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edtsum7482
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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: CONCORD, Mass.--(BUSINESS WIRE)--Tremeau Pharmaceuticals announced today that Gurnet Point Capital has agreed to fund the clinical development of its investigational drug TRM-201 (rofecoxib), including a Phase III trial of TRM-201 for hemophilic arthropathy (HA). Gurnet Point Capital, a private investment firm focused on the healthcare and life sciences sectors, is Tremeaus primary investor. HA is a painful and degenerative joint disease caused by recurrent intra-articular bleeding in patients with inheritable bleeding disorders. Although HA is the leading cause of morbidity in patients with hemophilia,1 there currently are no medications in the United States indicated to treat joint pain in people with bleeding disorders, and opioids are the most frequently used prescription treatment.2 Patients with hemophilic arthropathy need an alternative to opioids, said Bradford C. Sippy, Chief Executive Officer of Tremeau. TRM-201 could be this much-needed option, and the investment and support from Gurnet Point Capital will enable us to make our vision a reality. Rofecoxib is a COX-2 selective non-steroidal anti-inflammatory drug (NSAID). Previously marketed as VIOXX, rofecoxib was shown to have no effect on bleeding time3, and was the only COX-2 selective NSAID ever approved in the US to demonstrate a reduced risk of gastrointestinal bleeding versus a traditional NSAID in a controlled trial.4 VIOXX was voluntarily withdrawn from the market in 2004 due to concerns about cardiovascular safety. It has since been demonstrated in multiple, often industry-independent studies that cardiovascular safety is a dose- and duration-dependent risk of all NSAIDs.5-9 Hemophilia treatment has advanced significantly but hemophilic arthropathy hasnt gone away, said David Moore, Partner at Gurnet Point Capital. We made this investment because we see an opportunity to provide a pain management option thats long overdue to the bleeding disorder community. Dr. Tyler Buckner, a practicing hematologist in Denver who has published widely on hemophilia treatment, said: For many of my patients with bleeding disorders, the joint pain they experience has a profound negative impact on their lives. The withdrawal of VIOXX took away an important treatment option for many of our patients. In a recent End of Phase II Meeting, the FDA agreed that Tremeau has established comparable levels of rofecoxib exposure between TRM-201 and the previously marketed version of VIOXX, and the company can proceed into a Phase III study. Tremeau plans to initiate a registrational trial for TRM-201 in early 2021. Information on the trial can be found at www.resetHAstudy.com. Wedbush PacGrow served as Tremeaus investment advisor. About TRM-201 TRM-201 is an investigational drug containing rofecoxib. Previously marketed as VIOXX, rofecoxib was shown to be a highly potent cyclooxygenase-2 (COX-2) selective non-steroidal anti-inflammatory drug (NSAID) with a well-established efficacy profile. Rofecoxib has been shown to have no effect on bleeding time relative to placebo and was the only COX-2 selective NSAID ever approved in the U.S. to demonstrate a reduced risk of gastrointestinal bleeding versus a traditional NSAID in a controlled trial. Nonsteroidal anti-inflammatory drugs (NSAIDs), including rofecoxib, cause an increased risk of serious cardiovascular thrombotic events, including myocardial infarction and stroke, which can be fatal. This risk may occur early in treatment and may increase with duration of use. NSAIDs, including rofecoxib, are contraindicated in the setting of coronary artery bypass graft (CABG). NSAIDs, including rofecoxib, cause an increased risk of serious gastrointestinal (GI) adverse events including bleeding, ulceration, and perforation of the stomach or intestines, which can be fatal. These events can occur at any time during use and without warning symptoms. Elderly patients and patients with a prior history of peptic ulcer disease and/or GI bleeding are at greater risk for serious GI events. About Tremeau Pharmaceuticals Tremeau is a Massachusetts-based pharmaceutical company focused on providing non-opioid pain treatments for well-defined patient populations with significant unmet needs. Tremeaus unique approach to acute and chronic pain in select conditions is rooted in the mechanism of action, documented efficacy, and clinically differentiated profile of COX-2 selective NSAIDs. Tremeaus lead clinical stage product, TRM-201 (rofecoxib), is a COX-2 selective NSAID and a potent non-opioid analgesic with a well-established benefit-risk profile. VIOXX is a registered trademark of Tremeau Pharmaceuticals, Inc. _____________________________________________________ 1 Forsyth A, Gregory M, Nugent D, et al. Haemophilia Experiences, Results and Opportunities (HERO) Study: survey methodology and population demographics. Haemophilia 2014; 20;44-51. 2 Witkop M, Lambing A, Divine G, Kachalsky E, Rushlow D, Dinnen J. A national study of pain in the bleeding disorders community: a description of haemophilia pain. Haemophilia 2012; 18: e11519. 3 US Food and Drug Administration. VIOXX (Rofecoxib) U.S. Prescribing Information May 09, 2016, (accessed October 1, 2019). 4 US Food and Drug Administration. Analysis and recommendations for agency action regarding non-steroidal anti-inflammatory drugs and cardiovascular risk. http://www.fda.gov/Drugs/DrugSafety/PostmarketDrugSafetyInformationforPatientsandProviders 5 Cannon CP, Curtis SP, FitzGerald GA, et al. Cardiovascular outcomes with etoricoxib and diclofenac in patients with osteoarthritis and rheumatoid arthritis in the Multinational Etoricoxib and Diclofenac Arthritis Long-term (MEDAL) programme: a randomised comparison. Lancet 2006; 368: 177181. 6 Nissen SE, et al. Cardiovascular Safety of Celecoxib, Naproxen, or Ibuprofen for Arthritis. N Engl J Med 2016; :2519-2529. 7 Coxib and traditional NSAID Trialists (CNT) Collaboration. Vascular and upper gastrointestinal effects of non-steroidal anti-inflammatory drugs: meta-analyses of individual participant data from randomised trials. Lancet 2013; 382: 76979. 8 Patrono C, Baigent C. Nonsteroidal anti-inflammatory drugs and the heart. Circulation 2014;129:907916. 9 McGettigan P, Henry D. Cardiovascular risk with non-steroidal anti-inflammatory drugs: systematic review of population-based controlled observational studies. PLoS Med 2011; 8: e1001098.
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Tremeau Pharmaceuticals Will Advance Non-Opioid Pain Program with Investment from Gurnet Point Capital Investment will enable Tremeau to advance the clinical development of TRM-201 (rofecoxib) Tremeau has gained agreement with FDA to initiate a pivotal Phase III trial for TRM-201 in hemophilic arthropathy (HA), a painful and debilitating joint disease If approved, TRM-201 would potentially be the first new oral non-opioid pain treatment in over 15 years, and the first specifically indicated for HA
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CONCORD, Mass.--(BUSINESS WIRE)--Tremeau Pharmaceuticals announced today that Gurnet Point Capital has agreed to fund the clinical development of its investigational drug TRM-201 (rofecoxib), including a Phase III trial of TRM-201 for hemophilic arthropathy (HA). Gurnet Point Capital, a private investment firm focused on the healthcare and life sciences sectors, is Tremeaus primary investor. HA is a painful and degenerative joint disease caused by recurrent intra-articular bleeding in patients with inheritable bleeding disorders. Although HA is the leading cause of morbidity in patients with hemophilia,1 there currently are no medications in the United States indicated to treat joint pain in people with bleeding disorders, and opioids are the most frequently used prescription treatment.2 Patients with hemophilic arthropathy need an alternative to opioids, said Bradford C. Sippy, Chief Executive Officer of Tremeau. TRM-201 could be this much-needed option, and the investment and support from Gurnet Point Capital will enable us to make our vision a reality. Rofecoxib is a COX-2 selective non-steroidal anti-inflammatory drug (NSAID). Previously marketed as VIOXX, rofecoxib was shown to have no effect on bleeding time3, and was the only COX-2 selective NSAID ever approved in the US to demonstrate a reduced risk of gastrointestinal bleeding versus a traditional NSAID in a controlled trial.4 VIOXX was voluntarily withdrawn from the market in 2004 due to concerns about cardiovascular safety. It has since been demonstrated in multiple, often industry-independent studies that cardiovascular safety is a dose- and duration-dependent risk of all NSAIDs.5-9 Hemophilia treatment has advanced significantly but hemophilic arthropathy hasnt gone away, said David Moore, Partner at Gurnet Point Capital. We made this investment because we see an opportunity to provide a pain management option thats long overdue to the bleeding disorder community. Dr. Tyler Buckner, a practicing hematologist in Denver who has published widely on hemophilia treatment, said: For many of my patients with bleeding disorders, the joint pain they experience has a profound negative impact on their lives. The withdrawal of VIOXX took away an important treatment option for many of our patients. In a recent End of Phase II Meeting, the FDA agreed that Tremeau has established comparable levels of rofecoxib exposure between TRM-201 and the previously marketed version of VIOXX, and the company can proceed into a Phase III study. Tremeau plans to initiate a registrational trial for TRM-201 in early 2021. Information on the trial can be found at www.resetHAstudy.com. Wedbush PacGrow served as Tremeaus investment advisor. About TRM-201 TRM-201 is an investigational drug containing rofecoxib. Previously marketed as VIOXX, rofecoxib was shown to be a highly potent cyclooxygenase-2 (COX-2) selective non-steroidal anti-inflammatory drug (NSAID) with a well-established efficacy profile. Rofecoxib has been shown to have no effect on bleeding time relative to placebo and was the only COX-2 selective NSAID ever approved in the U.S. to demonstrate a reduced risk of gastrointestinal bleeding versus a traditional NSAID in a controlled trial. Nonsteroidal anti-inflammatory drugs (NSAIDs), including rofecoxib, cause an increased risk of serious cardiovascular thrombotic events, including myocardial infarction and stroke, which can be fatal. This risk may occur early in treatment and may increase with duration of use. NSAIDs, including rofecoxib, are contraindicated in the setting of coronary artery bypass graft (CABG). NSAIDs, including rofecoxib, cause an increased risk of serious gastrointestinal (GI) adverse events including bleeding, ulceration, and perforation of the stomach or intestines, which can be fatal. These events can occur at any time during use and without warning symptoms. Elderly patients and patients with a prior history of peptic ulcer disease and/or GI bleeding are at greater risk for serious GI events. About Tremeau Pharmaceuticals Tremeau is a Massachusetts-based pharmaceutical company focused on providing non-opioid pain treatments for well-defined patient populations with significant unmet needs. Tremeaus unique approach to acute and chronic pain in select conditions is rooted in the mechanism of action, documented efficacy, and clinically differentiated profile of COX-2 selective NSAIDs. Tremeaus lead clinical stage product, TRM-201 (rofecoxib), is a COX-2 selective NSAID and a potent non-opioid analgesic with a well-established benefit-risk profile. VIOXX is a registered trademark of Tremeau Pharmaceuticals, Inc. _____________________________________________________ 1 Forsyth A, Gregory M, Nugent D, et al. Haemophilia Experiences, Results and Opportunities (HERO) Study: survey methodology and population demographics. Haemophilia 2014; 20;44-51. 2 Witkop M, Lambing A, Divine G, Kachalsky E, Rushlow D, Dinnen J. A national study of pain in the bleeding disorders community: a description of haemophilia pain. Haemophilia 2012; 18: e11519. 3 US Food and Drug Administration. VIOXX (Rofecoxib) U.S. Prescribing Information May 09, 2016, (accessed October 1, 2019). 4 US Food and Drug Administration. Analysis and recommendations for agency action regarding non-steroidal anti-inflammatory drugs and cardiovascular risk. http://www.fda.gov/Drugs/DrugSafety/PostmarketDrugSafetyInformationforPatientsandProviders 5 Cannon CP, Curtis SP, FitzGerald GA, et al. Cardiovascular outcomes with etoricoxib and diclofenac in patients with osteoarthritis and rheumatoid arthritis in the Multinational Etoricoxib and Diclofenac Arthritis Long-term (MEDAL) programme: a randomised comparison. Lancet 2006; 368: 177181. 6 Nissen SE, et al. Cardiovascular Safety of Celecoxib, Naproxen, or Ibuprofen for Arthritis. N Engl J Med 2016; :2519-2529. 7 Coxib and traditional NSAID Trialists (CNT) Collaboration. Vascular and upper gastrointestinal effects of non-steroidal anti-inflammatory drugs: meta-analyses of individual participant data from randomised trials. Lancet 2013; 382: 76979. 8 Patrono C, Baigent C. Nonsteroidal anti-inflammatory drugs and the heart. Circulation 2014;129:907916. 9 McGettigan P, Henry D. Cardiovascular risk with non-steroidal anti-inflammatory drugs: systematic review of population-based controlled observational studies. PLoS Med 2011; 8: e1001098.
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edtsum7485
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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: MINNEAPOLIS--(BUSINESS WIRE)--CyberOptics Corporation (NASDAQ: CYBE), a leading global developer and manufacturer of high-precision 3D sensing technology solutions, will hold its conference call to review operating results for the fourth quarter of 2020 on February 18th at 4:30pm Eastern. The fourth quarter earnings release will be issued prior to the call. A replay of the call, available one hour after the call, can be accessed by dialing 888-203-1112 and providing conference ID: 1739750. The replay will be available for 30 days following the call. About CyberOptics CyberOptics Corporation (www.cyberoptics.com) is a leading global developer and manufacturer of high-precision 3D sensing technology solutions. CyberOptics sensors are used for inspection and metrology in the SMT and semiconductor markets to significantly improve yields and productivity. By leveraging its leading edge technologies, the Company has strategically established itself as a global leader in high precision 3D sensors, allowing CyberOptics to further increase its penetration of key vertical markets. Headquartered in Minneapolis, Minnesota, CyberOptics conducts worldwide operations through its facilities in North America, Asia and Europe.
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CyberOptics Fourth Quarter 2020 Earnings Conference Call Scheduled for February 18
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MINNEAPOLIS--(BUSINESS WIRE)--CyberOptics Corporation (NASDAQ: CYBE), a leading global developer and manufacturer of high-precision 3D sensing technology solutions, will hold its conference call to review operating results for the fourth quarter of 2020 on February 18th at 4:30pm Eastern. The fourth quarter earnings release will be issued prior to the call. A replay of the call, available one hour after the call, can be accessed by dialing 888-203-1112 and providing conference ID: 1739750. The replay will be available for 30 days following the call. About CyberOptics CyberOptics Corporation (www.cyberoptics.com) is a leading global developer and manufacturer of high-precision 3D sensing technology solutions. CyberOptics sensors are used for inspection and metrology in the SMT and semiconductor markets to significantly improve yields and productivity. By leveraging its leading edge technologies, the Company has strategically established itself as a global leader in high precision 3D sensors, allowing CyberOptics to further increase its penetration of key vertical markets. Headquartered in Minneapolis, Minnesota, CyberOptics conducts worldwide operations through its facilities in North America, Asia and Europe.
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edtsum7500
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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: SALISBURY, Md., March 19, 2021 /PRNewswire/ --Perdue Farms, a fourth-generation, family owned U.S. food and agricultural products company, today announced that Lynn Clark has been named Senior Vice President and Chief Human Resources Officer, reporting to Randy Day, CEO of Perdue Farms.Clark will be responsible for all aspects of Perdue Farms human resources strategy that will engage and develop talent, shape culture and focus on associate well-being through active talent management, organization development, inclusion and diversity and total rewards, including Perdue HealthWorks. Lynn Clark named SVP and Chief HR Officer for Perdue Farms Perdue Farms today announced that Lynn Clark has been named Senior Vice President and Chief Human Resources Officer. Tweet this Clark has more than 30 years of experience in a variety of industries and geographies with human resources leadership across pharmaceutical, medical device and diversified industrials. Most recently, Lynn was chief human resources officer for Colfax Corporation, a leading diversified, medical technology company. She began her career in university career counseling before moving into sales and marketing and has successfully moved from large divisional roles at Fortune 500 companies like Bristol Myers Squibb, Lucent Technologies and Allied Signal. "We're pleased to welcome Lynn to the Perdue Farms leadership team," said Day. "Her experience and demonstrated track record in leading an enterprise-first mindset make her a great fit for Perdue. I look forward to her leadership as we navigate our company's second century."Clark, based at the company's headquarters in Salisbury, holds a bachelor of science degree in education and a master of science in college student personnel from Bowling Green University in Ohio.About Perdue FarmsWe're a fourth-generation, family owned, U.S. food and agriculture company. Through our belief in responsible food and agriculture, we are empowering consumers, customers, and farmers through trusted choices in products and services.The premium protein portfolio within our Perdue Foods business, including our flagshipPERDUEbrand,Niman Ranch,PanoramaOrganic Grass-Fed Meats, andColeman Natural, as well as our pet brands,Spot FarmsandFull Moon, is available through retail, foodservice, and our direct-to-consumer website,PerdueFarms.com.Perdue AgriBusinessis an international agricultural products and services company.Now in our company's second century, our path forward is about getting better, not just bigger. We never use drugs for growth promotion in raising poultry and livestock, and we are actively advancing our animal welfare programs. Our brands are leaders in no-antibiotics-ever chicken, turkey, pork, beef and lamb, and in USDA-certified organic chicken and beef. Learn more atCorporate.PerdueFarms.com.SOURCE Perdue Farms
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Lynn Clark named SVP and Chief HR Officer for Perdue Farms
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SALISBURY, Md., March 19, 2021 /PRNewswire/ --Perdue Farms, a fourth-generation, family owned U.S. food and agricultural products company, today announced that Lynn Clark has been named Senior Vice President and Chief Human Resources Officer, reporting to Randy Day, CEO of Perdue Farms.Clark will be responsible for all aspects of Perdue Farms human resources strategy that will engage and develop talent, shape culture and focus on associate well-being through active talent management, organization development, inclusion and diversity and total rewards, including Perdue HealthWorks. Lynn Clark named SVP and Chief HR Officer for Perdue Farms Perdue Farms today announced that Lynn Clark has been named Senior Vice President and Chief Human Resources Officer. Tweet this Clark has more than 30 years of experience in a variety of industries and geographies with human resources leadership across pharmaceutical, medical device and diversified industrials. Most recently, Lynn was chief human resources officer for Colfax Corporation, a leading diversified, medical technology company. She began her career in university career counseling before moving into sales and marketing and has successfully moved from large divisional roles at Fortune 500 companies like Bristol Myers Squibb, Lucent Technologies and Allied Signal. "We're pleased to welcome Lynn to the Perdue Farms leadership team," said Day. "Her experience and demonstrated track record in leading an enterprise-first mindset make her a great fit for Perdue. I look forward to her leadership as we navigate our company's second century."Clark, based at the company's headquarters in Salisbury, holds a bachelor of science degree in education and a master of science in college student personnel from Bowling Green University in Ohio.About Perdue FarmsWe're a fourth-generation, family owned, U.S. food and agriculture company. Through our belief in responsible food and agriculture, we are empowering consumers, customers, and farmers through trusted choices in products and services.The premium protein portfolio within our Perdue Foods business, including our flagshipPERDUEbrand,Niman Ranch,PanoramaOrganic Grass-Fed Meats, andColeman Natural, as well as our pet brands,Spot FarmsandFull Moon, is available through retail, foodservice, and our direct-to-consumer website,PerdueFarms.com.Perdue AgriBusinessis an international agricultural products and services company.Now in our company's second century, our path forward is about getting better, not just bigger. We never use drugs for growth promotion in raising poultry and livestock, and we are actively advancing our animal welfare programs. Our brands are leaders in no-antibiotics-ever chicken, turkey, pork, beef and lamb, and in USDA-certified organic chicken and beef. Learn more atCorporate.PerdueFarms.com.SOURCE Perdue Farms
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edtsum7507
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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: BURLINGTON,Vt., Feb. 2, 2021 /PRNewswire/ --DealerPolicy, the leading insurance marketplace for automotive retail, has raised $30 million in Series B funding led by 3L Capital and Hudson Structured Capital Management Ltd. doing its re/insurance business as HSCM Bermuda Management Company. The company will use the funding to accelerate the development of its market-leading insurance platform for the auto industry and to expand its team, including the appointment of two new executives, Wayne Pastore as President and Chief Operating Officer and Tara Kasica as Senior Vice President of Sales. DealerPolicy introduced its integrated insurance solution to the automotive retail industry in early 2016 with the vision of providing a more convenient, transparent, and connected car-buying experience. Adding a choice-based insurance solution at the point of sale yields considerable savings, more buying power and a substantially improved customer experience, and for the dealer, superior margins on the transaction. Today, the company's wholly owned agency, DealerPolicy Insurance, and its network of over 800 dealers, has generated over $13 million dollars in annualized insurance savings and over $60 million in increased buying power for its customers. DealerPolicy Insurance customers who save get an average of $64 per month back into their budget, which is often reinvested into other vehicle protection products offered by the dealer. For that reason, dealers in the DealerPolicy network report an average increase of 34 percent in back-end gross profit. "As car buying continues to evolve with the world around us, dealers are prioritizing fully digital, streamlined and connected experiences. Modern insurance solutions such as DealerPolicy's FastPass, dovetail nicely into the process and give car-buyers the value and convenience they've come to expect," says Travis Fitzgerald, CEO of DealerPolicy. "DealerPolicy has conducted extensive research into car-buyer sentiments, including access to insurance as part of the process. The results are undeniable nearly 8 out of 10 shoppers believe that comparing insurance at the point of sale during the car-buying process substantially improves the experience. With an ever-expanding value proposition to dealers, insurance carriers and customers, we are prepared to continue investing in growth." The company's next phase of growth will be supported by the addition of Pastore, who brings deep expertise in business operations and digital retailing, and Kasica, a seasoned leader in both automotive F&I and personal insurance. Both joined the company recently. "I admire the early success the DealerPolicy team has had and the meaningful value its platform provides for both shoppers and dealers," says Pastore, who previously served as Vice President and General Manager of Dealer.com. Pastore also held numerous leadership positions throughout Cox Automotive and DealerTrack. "With the shopper's continued desire to complete more of the purchasing experience digitally, I look forward to leveraging my experience to help accelerate the company's growth as dealers continue to demand fully integrated and digital retailing services." "Spending much of my career in various insurance and automotive leadership roles, I immediately recognized the value of DealerPolicy's offering to the market, and dealerships in particular," says Kasica, who joins the company from Allstate, where she was responsible for overseeing countrywide deployment, production, retention, and growth of dealership owned insurance agencies. "I am thrilled to be joining this incredible team and to use my experience at the intersection of P&C insurance and automotive retail to further support the company's expansion plans." About DealerPolicyDealerPolicy is the most trusted and complete digital insurance marketplace for automotive retailers and their valued customers. The company's innovative mobile technology enables car-buyers to view multiple insurance quotes and immediately connect with licensed insurance agents to purchase insurance. With an exclusive combination of partnerships among premier automotive retailers and data providers, an industry-best insurance carrier network, and access to DealerPolicy Insurance licensed agents, DealerPolicy is recognized for its place at the forefront of Insurtech. DealerPolicy Insurance is a licensed insurance agency, with licenses to operate in the lower 48 states. For more information, visit www.dealerpolicy.com. About 3L3L provides capital, perspective and a global network of entrepreneurs and industry leaders to exceptional, early-stage growth companies. The firm invests in both consumer and enterprise businesses characterized by strong founders and executives, demonstrable product-market fit and scalable unit economics. Representative 3L companies include goPuff, Ro, Daily Harvest, Flaschenpost, ChowNow, and Relativity Space, among others. The firm was founded in 2017 and has offices in Los Angeles and New York City. For more information, visit www.3Lcap.com About Hudson Structured Capital Management Ltd.Hudson Structured Capital Management Ltd. doing its re/insurance business as HSCM Bermuda Management Company is an asset manager focused on alternative investments seeking mezzanine level returns. HSCM focuses on the Re/Insurance and Transportation sectors. HSCM launched in 2016, and as of January 1, 2021 had more than $3.0 billion in assets under management and committed capital. HSCM focuses on core economic sectors that are likely to outgrow global GDP, offer low correlations with broader markets, and are experiencing a shift from balance sheet and to market financing. For more information, please visit www.hscm.com. Media Contact:Katie Morrow802-316-4774[emailprotected] SOURCE DealerPolicy Related Links https://www.dealerpolicy.com
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DealerPolicy Raises $30 million in Series B Funding to Support the Continued Development of Automotive Retail's Leading Insurance Marketplace Company Expands Leadership to Include Industry Veterans in Automotive Retailing and P&C Insurance
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BURLINGTON,Vt., Feb. 2, 2021 /PRNewswire/ --DealerPolicy, the leading insurance marketplace for automotive retail, has raised $30 million in Series B funding led by 3L Capital and Hudson Structured Capital Management Ltd. doing its re/insurance business as HSCM Bermuda Management Company. The company will use the funding to accelerate the development of its market-leading insurance platform for the auto industry and to expand its team, including the appointment of two new executives, Wayne Pastore as President and Chief Operating Officer and Tara Kasica as Senior Vice President of Sales. DealerPolicy introduced its integrated insurance solution to the automotive retail industry in early 2016 with the vision of providing a more convenient, transparent, and connected car-buying experience. Adding a choice-based insurance solution at the point of sale yields considerable savings, more buying power and a substantially improved customer experience, and for the dealer, superior margins on the transaction. Today, the company's wholly owned agency, DealerPolicy Insurance, and its network of over 800 dealers, has generated over $13 million dollars in annualized insurance savings and over $60 million in increased buying power for its customers. DealerPolicy Insurance customers who save get an average of $64 per month back into their budget, which is often reinvested into other vehicle protection products offered by the dealer. For that reason, dealers in the DealerPolicy network report an average increase of 34 percent in back-end gross profit. "As car buying continues to evolve with the world around us, dealers are prioritizing fully digital, streamlined and connected experiences. Modern insurance solutions such as DealerPolicy's FastPass, dovetail nicely into the process and give car-buyers the value and convenience they've come to expect," says Travis Fitzgerald, CEO of DealerPolicy. "DealerPolicy has conducted extensive research into car-buyer sentiments, including access to insurance as part of the process. The results are undeniable nearly 8 out of 10 shoppers believe that comparing insurance at the point of sale during the car-buying process substantially improves the experience. With an ever-expanding value proposition to dealers, insurance carriers and customers, we are prepared to continue investing in growth." The company's next phase of growth will be supported by the addition of Pastore, who brings deep expertise in business operations and digital retailing, and Kasica, a seasoned leader in both automotive F&I and personal insurance. Both joined the company recently. "I admire the early success the DealerPolicy team has had and the meaningful value its platform provides for both shoppers and dealers," says Pastore, who previously served as Vice President and General Manager of Dealer.com. Pastore also held numerous leadership positions throughout Cox Automotive and DealerTrack. "With the shopper's continued desire to complete more of the purchasing experience digitally, I look forward to leveraging my experience to help accelerate the company's growth as dealers continue to demand fully integrated and digital retailing services." "Spending much of my career in various insurance and automotive leadership roles, I immediately recognized the value of DealerPolicy's offering to the market, and dealerships in particular," says Kasica, who joins the company from Allstate, where she was responsible for overseeing countrywide deployment, production, retention, and growth of dealership owned insurance agencies. "I am thrilled to be joining this incredible team and to use my experience at the intersection of P&C insurance and automotive retail to further support the company's expansion plans." About DealerPolicyDealerPolicy is the most trusted and complete digital insurance marketplace for automotive retailers and their valued customers. The company's innovative mobile technology enables car-buyers to view multiple insurance quotes and immediately connect with licensed insurance agents to purchase insurance. With an exclusive combination of partnerships among premier automotive retailers and data providers, an industry-best insurance carrier network, and access to DealerPolicy Insurance licensed agents, DealerPolicy is recognized for its place at the forefront of Insurtech. DealerPolicy Insurance is a licensed insurance agency, with licenses to operate in the lower 48 states. For more information, visit www.dealerpolicy.com. About 3L3L provides capital, perspective and a global network of entrepreneurs and industry leaders to exceptional, early-stage growth companies. The firm invests in both consumer and enterprise businesses characterized by strong founders and executives, demonstrable product-market fit and scalable unit economics. Representative 3L companies include goPuff, Ro, Daily Harvest, Flaschenpost, ChowNow, and Relativity Space, among others. The firm was founded in 2017 and has offices in Los Angeles and New York City. For more information, visit www.3Lcap.com About Hudson Structured Capital Management Ltd.Hudson Structured Capital Management Ltd. doing its re/insurance business as HSCM Bermuda Management Company is an asset manager focused on alternative investments seeking mezzanine level returns. HSCM focuses on the Re/Insurance and Transportation sectors. HSCM launched in 2016, and as of January 1, 2021 had more than $3.0 billion in assets under management and committed capital. HSCM focuses on core economic sectors that are likely to outgrow global GDP, offer low correlations with broader markets, and are experiencing a shift from balance sheet and to market financing. For more information, please visit www.hscm.com. Media Contact:Katie Morrow802-316-4774[emailprotected] SOURCE DealerPolicy Related Links https://www.dealerpolicy.com
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edtsum7508
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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 5, 2020 /PRNewswire/ -- The "Global Smart Nanomaterials Market: Focus on Type (Carbon-based, Metal-based, Polymeric), End-Use Industries, and Country-Level Analysis - Analysis and Forecast, 2019-2029" report has been added to ResearchAndMarkets.com's offering. The Smart Nanomaterials Industry Analysis projects the market to grow at a significant CAGR of 33.32% on the basis of value during the forecast period from 2019 to 2029. North America dominated the global smart nanomaterials market with a share of 36.85% in 2019. North America, including major countries such as the U.S., Mexico, and Canada, is the most prominent region for the smart nanomaterials market. In North America, the U.S. acquired a major market share in 2019 as the country has received a large number of foreign direct investments (FDI) in the field of nanotechnology. The U.S. has initiated the $422 million NNI to promote R&D. In addition, the presence of various established and local players in the smart nanomaterials market makes it a highly fragmented market. The smart nanomaterials market is currently witnessing a high growth rate, owing to the rapid advancements in the field of nanotechnology. The rapid pace of advancements in the field of nanotechnology has led advances in various industries, especially healthcare, where further research is being carried out for the growth of more advanced material for numerous disease diagnoses. Furthermore, increasing government support and funding has been sustaining growth.However, expensive synthesis technology coupled with lack of skilled professionals are some of the factors that are restraining the market growth. In addition, the growing demand for smart nanomaterials in the marine and the aviation industry is one of the major factors expected to create lucrative opportunities for the global smart nanomaterials market in the coming five years. Smart nanomaterials are promising scientific research products mainly due to their potential and promising applications in the medical and electronic field. In the coming years, smart nanomaterials are expected to be the material of choice in various end-use industries and are expected to play a crucial role in next-generation pharmaceutical technologies and devices.The market report provides a detailed analysis of the recent trends influencing the market, along with a comprehensive study of future trends and technological developments. It also includes a competitive analysis of the leading players in the industry, including company overview, financial summary, and strength and weakness analysis. The overall market has been segmented on the basis of type, end-use industry, and region. The report also includes a comprehensive section on the regional analysis for North America, Europe, China, U.K., Asia-Pacific, and Rest-of-the-World.Some of the key players in the global smart nanomaterials market are Abbott, ANP Co., LTD, Akzo Nobel N.V., Bayer AG, BASF SE, Clariant, Donaldson Company, Inc., JM Material Technology, Inc., Nanologica, Nanogate, NanoBeauty, OPTINANOPRO, The Nano Gard L.L.C., and Yosemite Technologies Co., Ltd. Key Questions Answered What are the major trends in the global smart nanomaterials market across different regions? Which type segment should a new company in the market focus on, to stay ahead of its competition? How should the existing market players function to improve their market positioning? How does the supply chain function in the global smart nanomaterials market? What are the major challenges inhibiting the growth of the global smart nanomaterials market? Which segment is expected to witness the maximum demand growth in the global smart nanomaterials market during 2019-2029? Which are the key end-user industries which experienced high demand in 2018, and which are the key industry areas which should be targeted by the manufacturers of different types of smart nanomaterials during the forecast period, 2019-2029? How should the strategies adopted by market players vary for different segments based on the size of companies involved in each segment? What are the key offerings of the prominent companies in the global smart nanomaterials market? Which regions and countries are leading in terms of consumption of smart nanomaterials, and which of them are expected to witness high demand growth from 2019 to 2029? What key consumption patterns of smart nanomaterials are anticipated across different end-use industry in different regions and countries during the period 2019-2029? Key Topics Covered Executive Summary1 Market Dynamics1.1 Market Drivers1.1.1 Rapid Pace of Advancements in the Field of Healthcare for Nanotechnology1.1.2 Increased Government Support and Funding for R&D1.1.3 Growing Emphasis for Energy Storage1.2 Market Restraints1.2.1 Problems with Toxicity and Environmental Effects of Smart Nanomaterials1.2.2 Expensive Synthesis Technology Coupled with Lack of Skilled Professionals1.3 Market Opportunities1.3.1 Opportunities for Smart Nanomaterials in the Aviation and Marine Industry1.4 Market Challenges1.4.1 Inability to Produce High-Quality Graphene on a Large Scale2 Competitive Landscape2.1 Key Market Development and Strategies2.1.1 Product Launches2.1.2 Contract and Agreements2.1.3 Partnerships, Collaborations, and Joint Ventures2.1.4 Others3 Industry Analysis3.1 Supply Chain Analysis3.2 Industry Attractiveness for Smart Nanomaterials Market3.3 Opportunity Matrix Analysis3.3.1 Opportunity Matrix Analysis (by Region)3.4 Technology Overview in Various End-Use Industries3.4.1 Healthcare3.4.2 Aerospace4 Global Smart Nanomaterials Market (by Type), Analysis and Forecast (2019-2029)4.1 Market Overview4.2 Carbon-Based4.3 Metal-Based4.4 Polymeric4.5 Others5 Global Smart Nanomaterials Market (by End-Use Industry), Analysis and Forecast (2019-2029)5.1 Market Overview5.2 Pharmaceuticals5.3 Transportation5.4 Electronics5.5 Construction5.6 Environment5.7 Others6 Smart Nanomaterials Market (by Region), Analysis and Forecast (2019-2029)6.1 Market Overview6.2 Asia-Pacific6.3 China6.4 North America6.5 Europe6.6 U.K.6.7 Rest-of-the-World7 Company Profiles7.1 Overview7.2 Abbott7.3 ANP Co. Ltd.7.4 AkzoNobel N.V.7.5 BASF SE7.6 Bayer AG7.7 Clariant7.8 Donaldson Company, Inc.7.9 JM Material Technology, Inc.7.10 Nanologica7.11 Nanogate7.12 NanoBeauty7.13 OPTINANOPRO7.14 The Nano Gard LLC7.15 Yosemite Technologies Co. Ltd. For more information about this report visit https://www.researchandmarkets.com/r/jofmi0 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
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Smart Nanomaterials Market, 2029: Lucrative Opportunities in the Aviation and Marine Industry
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DUBLIN, May 5, 2020 /PRNewswire/ -- The "Global Smart Nanomaterials Market: Focus on Type (Carbon-based, Metal-based, Polymeric), End-Use Industries, and Country-Level Analysis - Analysis and Forecast, 2019-2029" report has been added to ResearchAndMarkets.com's offering. The Smart Nanomaterials Industry Analysis projects the market to grow at a significant CAGR of 33.32% on the basis of value during the forecast period from 2019 to 2029. North America dominated the global smart nanomaterials market with a share of 36.85% in 2019. North America, including major countries such as the U.S., Mexico, and Canada, is the most prominent region for the smart nanomaterials market. In North America, the U.S. acquired a major market share in 2019 as the country has received a large number of foreign direct investments (FDI) in the field of nanotechnology. The U.S. has initiated the $422 million NNI to promote R&D. In addition, the presence of various established and local players in the smart nanomaterials market makes it a highly fragmented market. The smart nanomaterials market is currently witnessing a high growth rate, owing to the rapid advancements in the field of nanotechnology. The rapid pace of advancements in the field of nanotechnology has led advances in various industries, especially healthcare, where further research is being carried out for the growth of more advanced material for numerous disease diagnoses. Furthermore, increasing government support and funding has been sustaining growth.However, expensive synthesis technology coupled with lack of skilled professionals are some of the factors that are restraining the market growth. In addition, the growing demand for smart nanomaterials in the marine and the aviation industry is one of the major factors expected to create lucrative opportunities for the global smart nanomaterials market in the coming five years. Smart nanomaterials are promising scientific research products mainly due to their potential and promising applications in the medical and electronic field. In the coming years, smart nanomaterials are expected to be the material of choice in various end-use industries and are expected to play a crucial role in next-generation pharmaceutical technologies and devices.The market report provides a detailed analysis of the recent trends influencing the market, along with a comprehensive study of future trends and technological developments. It also includes a competitive analysis of the leading players in the industry, including company overview, financial summary, and strength and weakness analysis. The overall market has been segmented on the basis of type, end-use industry, and region. The report also includes a comprehensive section on the regional analysis for North America, Europe, China, U.K., Asia-Pacific, and Rest-of-the-World.Some of the key players in the global smart nanomaterials market are Abbott, ANP Co., LTD, Akzo Nobel N.V., Bayer AG, BASF SE, Clariant, Donaldson Company, Inc., JM Material Technology, Inc., Nanologica, Nanogate, NanoBeauty, OPTINANOPRO, The Nano Gard L.L.C., and Yosemite Technologies Co., Ltd. Key Questions Answered What are the major trends in the global smart nanomaterials market across different regions? Which type segment should a new company in the market focus on, to stay ahead of its competition? How should the existing market players function to improve their market positioning? How does the supply chain function in the global smart nanomaterials market? What are the major challenges inhibiting the growth of the global smart nanomaterials market? Which segment is expected to witness the maximum demand growth in the global smart nanomaterials market during 2019-2029? Which are the key end-user industries which experienced high demand in 2018, and which are the key industry areas which should be targeted by the manufacturers of different types of smart nanomaterials during the forecast period, 2019-2029? How should the strategies adopted by market players vary for different segments based on the size of companies involved in each segment? What are the key offerings of the prominent companies in the global smart nanomaterials market? Which regions and countries are leading in terms of consumption of smart nanomaterials, and which of them are expected to witness high demand growth from 2019 to 2029? What key consumption patterns of smart nanomaterials are anticipated across different end-use industry in different regions and countries during the period 2019-2029? Key Topics Covered Executive Summary1 Market Dynamics1.1 Market Drivers1.1.1 Rapid Pace of Advancements in the Field of Healthcare for Nanotechnology1.1.2 Increased Government Support and Funding for R&D1.1.3 Growing Emphasis for Energy Storage1.2 Market Restraints1.2.1 Problems with Toxicity and Environmental Effects of Smart Nanomaterials1.2.2 Expensive Synthesis Technology Coupled with Lack of Skilled Professionals1.3 Market Opportunities1.3.1 Opportunities for Smart Nanomaterials in the Aviation and Marine Industry1.4 Market Challenges1.4.1 Inability to Produce High-Quality Graphene on a Large Scale2 Competitive Landscape2.1 Key Market Development and Strategies2.1.1 Product Launches2.1.2 Contract and Agreements2.1.3 Partnerships, Collaborations, and Joint Ventures2.1.4 Others3 Industry Analysis3.1 Supply Chain Analysis3.2 Industry Attractiveness for Smart Nanomaterials Market3.3 Opportunity Matrix Analysis3.3.1 Opportunity Matrix Analysis (by Region)3.4 Technology Overview in Various End-Use Industries3.4.1 Healthcare3.4.2 Aerospace4 Global Smart Nanomaterials Market (by Type), Analysis and Forecast (2019-2029)4.1 Market Overview4.2 Carbon-Based4.3 Metal-Based4.4 Polymeric4.5 Others5 Global Smart Nanomaterials Market (by End-Use Industry), Analysis and Forecast (2019-2029)5.1 Market Overview5.2 Pharmaceuticals5.3 Transportation5.4 Electronics5.5 Construction5.6 Environment5.7 Others6 Smart Nanomaterials Market (by Region), Analysis and Forecast (2019-2029)6.1 Market Overview6.2 Asia-Pacific6.3 China6.4 North America6.5 Europe6.6 U.K.6.7 Rest-of-the-World7 Company Profiles7.1 Overview7.2 Abbott7.3 ANP Co. Ltd.7.4 AkzoNobel N.V.7.5 BASF SE7.6 Bayer AG7.7 Clariant7.8 Donaldson Company, Inc.7.9 JM Material Technology, Inc.7.10 Nanologica7.11 Nanogate7.12 NanoBeauty7.13 OPTINANOPRO7.14 The Nano Gard LLC7.15 Yosemite Technologies Co. Ltd. For more information about this report visit https://www.researchandmarkets.com/r/jofmi0 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
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edtsum7509
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: TORONTO--(BUSINESS WIRE)--Hamilton Capital Partners Inc. (Hamilton ETFs), the investment fund manager of the Hamilton Global Financials ETF (TSX: HFG) (Fund), announced today that the reported net asset value per unit (NAV) of the Fund was misstated for the period of January 27, 2021 to February 3, 2021. The NAV was subsequently recalculated and was lower than the reported NAV throughout the period, with the maximum difference being $0.1401 on the reported NAV of $19.3393, for a difference of 0.7242%. There were no subscriptions or redemptions during the period. For further information, please contact Patrick Sommerville, Head of Business Development at [email protected] or 416-941-9250. About Hamilton Capital Partners Inc. Hamilton ETFs is a Canadian investment manager specializing in the global financial services sector, with a portfolio management team boasting over 60 years of combined experience. The firms specialized investment focus is driven by proprietary research, analysis, and analytical tools. Hamilton ETFs is also an active commentator on the global financial services sector; the firms most recent Insights can be found at www.hamiltonetfs.com/insights-commentary.
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Net Asset Value Error of Hamilton Global Financials ETF /Not for distribution to U.S. newswire services or for dissemination in the United States/
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TORONTO--(BUSINESS WIRE)--Hamilton Capital Partners Inc. (Hamilton ETFs), the investment fund manager of the Hamilton Global Financials ETF (TSX: HFG) (Fund), announced today that the reported net asset value per unit (NAV) of the Fund was misstated for the period of January 27, 2021 to February 3, 2021. The NAV was subsequently recalculated and was lower than the reported NAV throughout the period, with the maximum difference being $0.1401 on the reported NAV of $19.3393, for a difference of 0.7242%. There were no subscriptions or redemptions during the period. For further information, please contact Patrick Sommerville, Head of Business Development at [email protected] or 416-941-9250. About Hamilton Capital Partners Inc. Hamilton ETFs is a Canadian investment manager specializing in the global financial services sector, with a portfolio management team boasting over 60 years of combined experience. The firms specialized investment focus is driven by proprietary research, analysis, and analytical tools. Hamilton ETFs is also an active commentator on the global financial services sector; the firms most recent Insights can be found at www.hamiltonetfs.com/insights-commentary.
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edtsum7510
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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: SYDNEY--(BUSINESS WIRE)--Tricor Group and the Financial Times Board Director Programme co-released the inaugural Asia Pacific Board Director Barometer Report, uncovering corporate board sentiments on COVID-19 disruptions globally with a focus on Australia and other APAC markets. According to the 2021 Asia Pacific Board Director Barometer Report: The 2021 Asia Pacific Board Director Barometer Report reveals sentiments and actions of board directors across the globe in key areas of digital transformation, cybersecurity, board operations, corporate governance, risk & compliance (GRC) and business continuity planning (BCP). It is an in-depth survey conducted amongst 771 board directors representing a spectrum of start-ups, small and medium-sized enterprises (SMEs), multinational corporations (MNCs), non-profits and listed companies across 12 major industries. The sampling focuses largely on key markets in APAC (including mainland China, Hong Kong SAR, Malaysia Singapore, Thailand, Vietnam, Japan and Australia) and also incorporates comparative samples from the Americas, Europe and Africa. Key findings from the report include: Lennard Yong, Tricor Group CEO, said: The COVID-19 pandemic has triggered a crisis of epic proportions in APAC and beyond, impacting boards of directors from nearly every organization across all industries. Since the onset of the pandemic, Tricor has received an increasing number of inquiries from organizations looking to fortify board resiliency and adopt digital board governance in the face of ongoing business disruptions. Our expert team, equipped with a wealth of integrated, digital-enabled services and diversified corporate governance solutions, is dedicated to helping boards acclimate in the evolving business environment and thrive in the face of uncertainty. Sunshine Farzan, Tricor Group Head of Marketing & Communications, said: Corporate boards have a fiduciary responsibility to mitigate risk, carefully hedging against catastrophes and outlier events that could overwhelm an organization and threaten shareholders investments. But in the face of continuous COVID-19 disruptions, the 2021 Asia Pacific Board Director Barometer Report confirms that board concerns have reached critical mass in cybersecurity, digitization, GRC and BCP. By highlighting impending challenges and outlining key areas for improvement, this report can help boards take the next steps toward business continuity and resiliency. Richard Beattie, CEO of Tricor Australia / New Zealand, said: The COVID-19 outbreak and accompanying government restrictions have raised corporate governance concerns, creating new areas of risk across Australias corporate governance landscape that must be carefully considered by board directors and officers. After experiencing the immediate operational risks that accelerated during the peak of the outbreak, short- medium- and long-term implications will linger for years to come. Boards must be acutely aware of their weaknesses and liabilities if they are to govern effectively. At Tricor Australia, we are devoted to helping our clients mitigate risks and continue to grow in the face of uncertainty. In addition to the proprietary findings, the 2021 Asia Pacific Board Director Barometer Report also features secondary research findings, key insights, industry analysis, focus area recommendations and best practices to help boards better understand how their contemporaries are navigating the ongoing business disruptions amid the pandemic. To access the full report, please visit www.tricorglobal.com/2021-asia-pacific-board-director-barometer-report. About Tricor Australia Australia is attracting investors because of its stability, location, and emerging opportunitiesbut entering any new market comes with challenges. Whether you are looking to set up shop or streamline operations, we can help you navigate the local landscape and capitalize on the many benefits Australia has to offer. Tricor Group (Tricor) is the leading business expansion specialist in Asia, with global knowledge and local expertise in business, corporate, investor, human resources & payroll, corporate trust & debt services, fund administration, and strategic business advisory. Strategically headquartered in Hong Kong, we operate out of 21 countries/territories and across a network of 47 offices. Tricor serves 50,000 clients, including over 1,500 companies listed in Hong Kong and Mainland China, ~500 companies publicly listed in Singapore and Malaysia, and over 40% of the Fortune Global 500 companies. With 2,800 employees, we deliver critical functions to help ambitious companies accelerate their growth in Asia and beyond. Tricors advantage comes from deep industry experience, committed staff, technology-driven processes, standardized methodologies, constant attention to changes in laws and regulations and wide industry contacts. Tricor is uniquely positioned to unlock the potential of your business, and help you stay one step ahead of todays diverse and fast evolving regulatory environment. To learn more, please visit: https://www.tricorglobal.com/locations/australia
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Tricor & Financial Times Board Director Programme Report Reveals Critical Gaps for Boards in Australia in Digital Governance, Cybersecurity and Risk Management
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SYDNEY--(BUSINESS WIRE)--Tricor Group and the Financial Times Board Director Programme co-released the inaugural Asia Pacific Board Director Barometer Report, uncovering corporate board sentiments on COVID-19 disruptions globally with a focus on Australia and other APAC markets. According to the 2021 Asia Pacific Board Director Barometer Report: The 2021 Asia Pacific Board Director Barometer Report reveals sentiments and actions of board directors across the globe in key areas of digital transformation, cybersecurity, board operations, corporate governance, risk & compliance (GRC) and business continuity planning (BCP). It is an in-depth survey conducted amongst 771 board directors representing a spectrum of start-ups, small and medium-sized enterprises (SMEs), multinational corporations (MNCs), non-profits and listed companies across 12 major industries. The sampling focuses largely on key markets in APAC (including mainland China, Hong Kong SAR, Malaysia Singapore, Thailand, Vietnam, Japan and Australia) and also incorporates comparative samples from the Americas, Europe and Africa. Key findings from the report include: Lennard Yong, Tricor Group CEO, said: The COVID-19 pandemic has triggered a crisis of epic proportions in APAC and beyond, impacting boards of directors from nearly every organization across all industries. Since the onset of the pandemic, Tricor has received an increasing number of inquiries from organizations looking to fortify board resiliency and adopt digital board governance in the face of ongoing business disruptions. Our expert team, equipped with a wealth of integrated, digital-enabled services and diversified corporate governance solutions, is dedicated to helping boards acclimate in the evolving business environment and thrive in the face of uncertainty. Sunshine Farzan, Tricor Group Head of Marketing & Communications, said: Corporate boards have a fiduciary responsibility to mitigate risk, carefully hedging against catastrophes and outlier events that could overwhelm an organization and threaten shareholders investments. But in the face of continuous COVID-19 disruptions, the 2021 Asia Pacific Board Director Barometer Report confirms that board concerns have reached critical mass in cybersecurity, digitization, GRC and BCP. By highlighting impending challenges and outlining key areas for improvement, this report can help boards take the next steps toward business continuity and resiliency. Richard Beattie, CEO of Tricor Australia / New Zealand, said: The COVID-19 outbreak and accompanying government restrictions have raised corporate governance concerns, creating new areas of risk across Australias corporate governance landscape that must be carefully considered by board directors and officers. After experiencing the immediate operational risks that accelerated during the peak of the outbreak, short- medium- and long-term implications will linger for years to come. Boards must be acutely aware of their weaknesses and liabilities if they are to govern effectively. At Tricor Australia, we are devoted to helping our clients mitigate risks and continue to grow in the face of uncertainty. In addition to the proprietary findings, the 2021 Asia Pacific Board Director Barometer Report also features secondary research findings, key insights, industry analysis, focus area recommendations and best practices to help boards better understand how their contemporaries are navigating the ongoing business disruptions amid the pandemic. To access the full report, please visit www.tricorglobal.com/2021-asia-pacific-board-director-barometer-report. About Tricor Australia Australia is attracting investors because of its stability, location, and emerging opportunitiesbut entering any new market comes with challenges. Whether you are looking to set up shop or streamline operations, we can help you navigate the local landscape and capitalize on the many benefits Australia has to offer. Tricor Group (Tricor) is the leading business expansion specialist in Asia, with global knowledge and local expertise in business, corporate, investor, human resources & payroll, corporate trust & debt services, fund administration, and strategic business advisory. Strategically headquartered in Hong Kong, we operate out of 21 countries/territories and across a network of 47 offices. Tricor serves 50,000 clients, including over 1,500 companies listed in Hong Kong and Mainland China, ~500 companies publicly listed in Singapore and Malaysia, and over 40% of the Fortune Global 500 companies. With 2,800 employees, we deliver critical functions to help ambitious companies accelerate their growth in Asia and beyond. Tricors advantage comes from deep industry experience, committed staff, technology-driven processes, standardized methodologies, constant attention to changes in laws and regulations and wide industry contacts. Tricor is uniquely positioned to unlock the potential of your business, and help you stay one step ahead of todays diverse and fast evolving regulatory environment. To learn more, please visit: https://www.tricorglobal.com/locations/australia
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edtsum7512
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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, Oregn--(BUSINESS WIRE)--Airship, la compaa de compromiso con los clientes, ha anunciado hoy que Forrester Research, Inc. ha nombrado a Airship lder The Forrester Wave: Mobile Engagement Automation, Q3 2020. Esta evaluacin de 31 criterios se centr en los nueve proveedores de soluciones de automatizacin de compromisos mviles ms importantes. Dentro de las tres categoras principales del informe, Airship recibi la puntuacin ms alta en Estrategia y la segunda mejor puntuacin en Oferta Actual. El comunicado en el idioma original, es la versin oficial y autorizada del mismo. La traduccin es solamente un medio de ayuda y deber ser comparada con el texto en idioma original, que es la nica versin del texto que tendr validez legal.
Answer:
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Una firma de investigacin independiente nombra a Airship lder en la automatizacin del compromiso mvil Segn el informe, Airship se destaca por su enfoque centrado en la movilidad, que ofrece a los comerciantes capacidades de orquestacin intuitivas con una slida plataforma de pruebas
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PORTLAND, Oregn--(BUSINESS WIRE)--Airship, la compaa de compromiso con los clientes, ha anunciado hoy que Forrester Research, Inc. ha nombrado a Airship lder The Forrester Wave: Mobile Engagement Automation, Q3 2020. Esta evaluacin de 31 criterios se centr en los nueve proveedores de soluciones de automatizacin de compromisos mviles ms importantes. Dentro de las tres categoras principales del informe, Airship recibi la puntuacin ms alta en Estrategia y la segunda mejor puntuacin en Oferta Actual. El comunicado en el idioma original, es la versin oficial y autorizada del mismo. La traduccin es solamente un medio de ayuda y deber ser comparada con el texto en idioma original, que es la nica versin del texto que tendr validez legal.
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edtsum7516
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.
Text: DUBLIN, Dec. 21, 2020 /PRNewswire/ -- The "Potassium Iodide - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to the 9th edition of this report. The 193-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 Potassium Iodide Market to Reach $1.2 Billion by 2027Amid the COVID-19 crisis, the global market for Potassium Iodide estimated at US$771.6 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2027, growing at a CAGR of 6.1% over the analysis period 2020-2027. X-Ray Contrast Media, one of the segments analyzed in the report, is projected to record a 6.8% CAGR and reach US$498.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Pharmaceutical segment is readjusted to a revised 7% CAGR for the next 7-year period.The U.S. Market is Estimated at $208.8 Million, While China is Forecast to Grow at 9.5% CAGRThe Potassium Iodide market in the U.S. is estimated at US$208.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$252.6 Million by the year 2027 trailing a CAGR of 9.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.Nutrition Segment to Record 6.4% CAGRIn the global Nutrition segment, USA, Canada, Japan, China and Europe will drive the 5.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$75.6 Million in the year 2020 will reach a projected size of US$113.2 Million 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$158.3 Million by the year 2027, while Latin America will expand at a 7.7% CAGR through the analysis period. Competitors identified in this market include, among others: Adani Pharmachem Private Limited Champa Purie-Chem Industries Crystran Ltd. Deepwater Chemicals, Inc. Godo Shigen Co., Ltd. Iofina PLC Lasa Supergenerics Limited MilliporeSigma Nippoh Chemicals Co., Ltd. Key Topics Covered: I. INTRODUCTION, METHODOLOGY & REPORT SCOPEII. EXECUTIVE SUMMARY1. MARKET OVERVIEW Global Competitor Market Shares Potassium Iodide Competitor Market Share Scenario Worldwide (in %): 2019 & 2025 Impact of Covid-19 and a Looming Global Recession 2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSISIV. COMPETITION Total Companies Profiled: 46 For more information about this report visit https://www.researchandmarkets.com/r/k351j 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:
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$771.6 Million Worldwide Potassium Iodide Industry to 2027 - Impact of COVID-19 on the Market
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DUBLIN, Dec. 21, 2020 /PRNewswire/ -- The "Potassium Iodide - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to the 9th edition of this report. The 193-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 Potassium Iodide Market to Reach $1.2 Billion by 2027Amid the COVID-19 crisis, the global market for Potassium Iodide estimated at US$771.6 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2027, growing at a CAGR of 6.1% over the analysis period 2020-2027. X-Ray Contrast Media, one of the segments analyzed in the report, is projected to record a 6.8% CAGR and reach US$498.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Pharmaceutical segment is readjusted to a revised 7% CAGR for the next 7-year period.The U.S. Market is Estimated at $208.8 Million, While China is Forecast to Grow at 9.5% CAGRThe Potassium Iodide market in the U.S. is estimated at US$208.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$252.6 Million by the year 2027 trailing a CAGR of 9.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.Nutrition Segment to Record 6.4% CAGRIn the global Nutrition segment, USA, Canada, Japan, China and Europe will drive the 5.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$75.6 Million in the year 2020 will reach a projected size of US$113.2 Million 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$158.3 Million by the year 2027, while Latin America will expand at a 7.7% CAGR through the analysis period. Competitors identified in this market include, among others: Adani Pharmachem Private Limited Champa Purie-Chem Industries Crystran Ltd. Deepwater Chemicals, Inc. Godo Shigen Co., Ltd. Iofina PLC Lasa Supergenerics Limited MilliporeSigma Nippoh Chemicals Co., Ltd. Key Topics Covered: I. INTRODUCTION, METHODOLOGY & REPORT SCOPEII. EXECUTIVE SUMMARY1. MARKET OVERVIEW Global Competitor Market Shares Potassium Iodide Competitor Market Share Scenario Worldwide (in %): 2019 & 2025 Impact of Covid-19 and a Looming Global Recession 2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSISIV. COMPETITION Total Companies Profiled: 46 For more information about this report visit https://www.researchandmarkets.com/r/k351j 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
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