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edtsum7900
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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, May 6, 2020 /PRNewswire/ -- Global fintech platform Niumannounced its latest fundraise today. Visa, the world's leader in digital payments, participated in the round along with existing investors. Another new investor to join the fold was BRI Ventures, the Corporate Venture arm of Bank BRI of Indonesia. The funding announcement comes on the heels of major wins for Nium in 2020, some of which were: Winning the account of a large European marketplace payment provider to process a billion Euros annually Winning a large international bid for one of the world's biggest maritime businesses to process crew payments via cards and collections for vessel management Working with a prominent Asian Neobank to help them expand overseas by providing international collections Supporting the development of a migrant bank in the US through integration of Nium's Banking-as-a-Service stack Nium has carved a niche for itself and its diversified suite of offerings, with clients often approaching them to solve problems at the cross section of Send, Spend and Receive. As part of their own consumer and SME remittance offering (InstaReM) and remittance-as-a-service capabilities, Nium now reaches millions of customers across 10 licensed jurisdictions[1] with Japan and Indonesia being the latest additions. On the enterprise front, they serve clients across six continents. Through a fully micro-service driven model, Nium solves inefficiencies that plague traditional payment processes across industries like eCommerce, large corporates to SMEs, from services such as payroll disbursement to travel & expenses management etc. "I am thrilled to announce that we have closed another round of funding and added two more prestigious investors to our cap table. Visa and BRI Ventures' participation is a vote of confidence for our business model and its resilience despite the climate," said Prajit Nanu, CEO and Co-Founder of Nium. Nium will be using the funds to further build out its uniquely diversified payment infrastructure offering that includes outreach to consumers, SMEs, large enterprises as well as banks and financial institutions. The newly raised corpus will be largely directed towards product development and tuck-in acquisitions that compress time to market.For the latter, Nium will focus on vertical expertise in markets like Europe, India, U.K. and U.S. According to Nanu, "We are interested in tech infrastructure players with capabilities in issuance, local payment rails etc., which complement our own and can help us ship faster in markets we are bullish on." "Nium and Visa's collaboration began in early 2019 when Nium joined the Visa Fintech Fast Track program in Asia Pacific. We've worked together on new commerce experiences like instant remittances for consumers and businesses in Southeast Asia," said Chris Clark, Regional President, Asia Pacific, Visa. "We are excited to extend our partnership with Nium by investing in their business. Working with fintechs like Nium is a key part of Visa's strategy to enable payments for anyone, anywhere, on any network." "BRI Ventures always look to support developments in the banking and financial industry, especially for partners looking to provide digital financial care to customers in Indonesia. We have been working closely with Nium since their InstaReM days when they were processing consumer remittance, and are excited to witness their growth as they expand their service offerings to include financial institutions and corporates. The potential of financial technology is limitless and we forward look to supporting Nium on their path of growth as they expand their presence into Indonesia and beyond," said Nicko Widjaja, Chief Executive Officer of BRI Ventures. Nium currently operates its Send, Spend and Receive business in over 90 countries,65 in real-time,and in 63 currencies. [1] Australia, Canada, Europe, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore, and the U.S. About Nium Nium is a global financial technology platform redefining the way consumers and businesses send, spend and receive funds across borders. The company is continuously innovating to provide the most relevant and agile solutions to meet the needs of consumers and businesses, having evolved from solely focusing on consumer remittance via InstaReM, to also providing fintech solutions for businesses from 2019. Nium is regulated in Australia, Canada, European Union, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore and the United States of America, and processes billions of dollars a year for banks and payments institutions, the next generation of e-commerce players, OTAs and retail users across the world. Nium's investors include Visa, BRI Ventures, Vertex Ventures, Vertex Growth, Fullerton Financial Holdings, GSR Ventures, Rocket Internet, Global Founders Capital, SBI Japan, FMO (Netherlands Development Finance Company), MDI Ventures, Beacon Venture Capital and Atinum Investment. Media Contact Gillian Loo[emailprotected]+65 9863 8120 SOURCE Nium Related Links https://www.nium.com Answer:
Global Financial Technology Platform Nium Closes Latest Funding Round English Franais Deutsch Nederlands English New investors include Visa and BRI Ventures
SINGAPORE, May 6, 2020 /PRNewswire/ -- Global fintech platform Niumannounced its latest fundraise today. Visa, the world's leader in digital payments, participated in the round along with existing investors. Another new investor to join the fold was BRI Ventures, the Corporate Venture arm of Bank BRI of Indonesia. The funding announcement comes on the heels of major wins for Nium in 2020, some of which were: Winning the account of a large European marketplace payment provider to process a billion Euros annually Winning a large international bid for one of the world's biggest maritime businesses to process crew payments via cards and collections for vessel management Working with a prominent Asian Neobank to help them expand overseas by providing international collections Supporting the development of a migrant bank in the US through integration of Nium's Banking-as-a-Service stack Nium has carved a niche for itself and its diversified suite of offerings, with clients often approaching them to solve problems at the cross section of Send, Spend and Receive. As part of their own consumer and SME remittance offering (InstaReM) and remittance-as-a-service capabilities, Nium now reaches millions of customers across 10 licensed jurisdictions[1] with Japan and Indonesia being the latest additions. On the enterprise front, they serve clients across six continents. Through a fully micro-service driven model, Nium solves inefficiencies that plague traditional payment processes across industries like eCommerce, large corporates to SMEs, from services such as payroll disbursement to travel & expenses management etc. "I am thrilled to announce that we have closed another round of funding and added two more prestigious investors to our cap table. Visa and BRI Ventures' participation is a vote of confidence for our business model and its resilience despite the climate," said Prajit Nanu, CEO and Co-Founder of Nium. Nium will be using the funds to further build out its uniquely diversified payment infrastructure offering that includes outreach to consumers, SMEs, large enterprises as well as banks and financial institutions. The newly raised corpus will be largely directed towards product development and tuck-in acquisitions that compress time to market.For the latter, Nium will focus on vertical expertise in markets like Europe, India, U.K. and U.S. According to Nanu, "We are interested in tech infrastructure players with capabilities in issuance, local payment rails etc., which complement our own and can help us ship faster in markets we are bullish on." "Nium and Visa's collaboration began in early 2019 when Nium joined the Visa Fintech Fast Track program in Asia Pacific. We've worked together on new commerce experiences like instant remittances for consumers and businesses in Southeast Asia," said Chris Clark, Regional President, Asia Pacific, Visa. "We are excited to extend our partnership with Nium by investing in their business. Working with fintechs like Nium is a key part of Visa's strategy to enable payments for anyone, anywhere, on any network." "BRI Ventures always look to support developments in the banking and financial industry, especially for partners looking to provide digital financial care to customers in Indonesia. We have been working closely with Nium since their InstaReM days when they were processing consumer remittance, and are excited to witness their growth as they expand their service offerings to include financial institutions and corporates. The potential of financial technology is limitless and we forward look to supporting Nium on their path of growth as they expand their presence into Indonesia and beyond," said Nicko Widjaja, Chief Executive Officer of BRI Ventures. Nium currently operates its Send, Spend and Receive business in over 90 countries,65 in real-time,and in 63 currencies. [1] Australia, Canada, Europe, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore, and the U.S. About Nium Nium is a global financial technology platform redefining the way consumers and businesses send, spend and receive funds across borders. The company is continuously innovating to provide the most relevant and agile solutions to meet the needs of consumers and businesses, having evolved from solely focusing on consumer remittance via InstaReM, to also providing fintech solutions for businesses from 2019. Nium is regulated in Australia, Canada, European Union, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore and the United States of America, and processes billions of dollars a year for banks and payments institutions, the next generation of e-commerce players, OTAs and retail users across the world. Nium's investors include Visa, BRI Ventures, Vertex Ventures, Vertex Growth, Fullerton Financial Holdings, GSR Ventures, Rocket Internet, Global Founders Capital, SBI Japan, FMO (Netherlands Development Finance Company), MDI Ventures, Beacon Venture Capital and Atinum Investment. Media Contact Gillian Loo[emailprotected]+65 9863 8120 SOURCE Nium Related Links https://www.nium.com
edtsum7901
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 "Digital Signage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. The global digital signage market reached a value of US$ 21.1 Billion in 2020. Digital signage refers to a centralized content distribution platform used to playback information on multiple display screens. It shows advertisements or messages to the targeted audience through content management software (CMS) and a back-end operating computer connected to a media player. It utilizes devices, such as projectors, LCD, LED and plasma displays, to project or show the information, including live weather forecasts, news, television programs, menus, flight schedules, calendars and advertisements. Digital signages are commonly used in various sectors such as retail, entertainment, hospitality, education, corporate, healthcare, transport, etc. They enable the organizations to engage with a broader audience and create a centralized network for digital communications to enhance the uniformity and effectiveness of the marketing activities. Rapid digitalization, along with the increasing demand for effective advertisement tools, is one of the key factors driving the growth of the market. Furthermore, widespread utilization of electronic large-screen displays in various industrial sectors, such as retail, hospitality, entertainment, banking, healthcare, education and transport, is stimulating the market growth. For instance, in the banking sector, digital signages are used in automated teller machines (ATMs) and e-banking centers to display motion messages, digitalized promotion of products and remote content updating and management. Additionally, various technological advancements, such as the integration of biometric technology with digital signage products, are acting as other growth-inducing factors. In line with this, modern product variants are equipped with gaze trackers and heat path trackers that locate the area that is attracting the most consumers, thereby enabling organizations to monitor consumer behavior and gaining meaningful insights. Other factors, including improvements in the LCD/LED technologies, along with increasing expenditures on brand promotions and advertisements, are anticipated to drive the market further. Looking forward, the publisher expects the global digital signage market to exhibit moderate growth during the next five years. Competitive Landscape: Key Market Segmentation: Breakup by Type: Breakup by Component: Breakup by Technology: Breakup by Application: Breakup by Location: Breakup by Size: Breakup by Region: Key Questions Answered in This Report: For more information about this report visit https://www.researchandmarkets.com/r/1dp92 Answer:
Global Digital Signage Market Report 2021-2026 Featuring Major Players - BARCO, Leyard Optoelectronic, LG, Panasonic, Samsung, Shanghai Goodview Electronics, Sharp, & Sony - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Digital Signage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. The global digital signage market reached a value of US$ 21.1 Billion in 2020. Digital signage refers to a centralized content distribution platform used to playback information on multiple display screens. It shows advertisements or messages to the targeted audience through content management software (CMS) and a back-end operating computer connected to a media player. It utilizes devices, such as projectors, LCD, LED and plasma displays, to project or show the information, including live weather forecasts, news, television programs, menus, flight schedules, calendars and advertisements. Digital signages are commonly used in various sectors such as retail, entertainment, hospitality, education, corporate, healthcare, transport, etc. They enable the organizations to engage with a broader audience and create a centralized network for digital communications to enhance the uniformity and effectiveness of the marketing activities. Rapid digitalization, along with the increasing demand for effective advertisement tools, is one of the key factors driving the growth of the market. Furthermore, widespread utilization of electronic large-screen displays in various industrial sectors, such as retail, hospitality, entertainment, banking, healthcare, education and transport, is stimulating the market growth. For instance, in the banking sector, digital signages are used in automated teller machines (ATMs) and e-banking centers to display motion messages, digitalized promotion of products and remote content updating and management. Additionally, various technological advancements, such as the integration of biometric technology with digital signage products, are acting as other growth-inducing factors. In line with this, modern product variants are equipped with gaze trackers and heat path trackers that locate the area that is attracting the most consumers, thereby enabling organizations to monitor consumer behavior and gaining meaningful insights. Other factors, including improvements in the LCD/LED technologies, along with increasing expenditures on brand promotions and advertisements, are anticipated to drive the market further. Looking forward, the publisher expects the global digital signage market to exhibit moderate growth during the next five years. Competitive Landscape: Key Market Segmentation: Breakup by Type: Breakup by Component: Breakup by Technology: Breakup by Application: Breakup by Location: Breakup by Size: Breakup by Region: Key Questions Answered in This Report: For more information about this report visit https://www.researchandmarkets.com/r/1dp92
edtsum7902
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: NEWPORT BEACH, Calif., July 7, 2020 /PRNewswire/ --Launched on May 15th 2020, in the middle of the Covid19 pandemic, GTFO It's Vegan launched to bring curated vegan groceries right to consumers' doorsteps. With more and more consumers seeking to find healthier food options, fueled by the introduction of plant-based meats and cheeses in restaurants and fast food establishments across the county, GTFO It's Vegan has quickly realized its mission of offering the largest selection of vegan products in any one place. Continue Reading Perfect Meatless "Meaty" Tacos using Hungry Planet Foods "Ground Beef" and Spicy Chipotle Cashew "Cheesy" Sauce by Core + Rind- all for purchase on GTFO It's Vegan! Vegan Pasta and "Meatballs" Dish using ShroomEats meatballs, Violife shredded cheese, and Not Just Co. pasta sauce- All for purchase on GTFO It's Vegan! Started by husband and wife seasoned entrepreneur team and fellow vegans Marc and Tanya Pierce of Newport Beach, California, GTFO It's Vegan currently offers over 700 vegan products and is adding numerous products daily. From vegan meats, cheeses, dairy, bakery, snacks and pantry items, GTFO It's Vegan offers the widest selection of products in any one place to satisfy consumer demands for breakfast, lunch, dinner and dessert vegan alternatives. Marc Pierce, CEO of GTFO It's Vegan states, "What most people may not realize is innovation in vegan foods is fueled by small businesses entrepreneurs looking to create amazing vegan alternatives. While many consumers are familiar with mainstream brands such as Impossible, Beyond Meat, Gardein, Quorn, JUST, and Daiya, these products only represent a small fraction of the total vegan alternatives available around the world." "We seek to find and offer the latest and greatest innovations in vegan foods from small businesses around the world and bring them right to your front-door," stated Tanya Pierce, Co-Founder of GTFO It's Vegan and head of product selection and curation states. "By helping entrepreneurs quickly reach a broader base of customers, we are grateful to help these companies grow during these difficult times plagued by Covid19."One such company is Tricycle Pizza, a family owned and operated small batch manufacturer of handmade pizza. Danica Alvarado, Tricycle's founder states "GTFO has given us the ability to reach new consumers throughout the U.S that we could not reach otherwise. We have quite a bit of Tricycle Pizza fans throughout the country that discovered us while vacationing in the Monterey Bay Peninsula. Now we can bring our pizza directly to their door via GTFO It's Vegan. Our family is grateful for the opportunity we have from this innovative company."Be Leaf, a southern California based company that offers a wide selection of vegan products from bacon, hot dogs, chicken, shrimp and eggs, is another popular vendor on the GTFO It's Vegan site. Mary Huang, head of Sales and Marketing at Be Leaf, states "We are very excited to partner with GTFO It's Vegan to provide our plant-based vegan products to a whole new group of customers. GTFO It's Vegan has helped us grow our sales, especially during this Covid19 crisis."With these amazing innovations, GTFO It's Vegan's product selection has quickly proven to appeal to not only vegans, but a much broader market including vegetarians, pescatarians, those with diet restrictions such as gluten-free and dairy-free, and health conscious consumers seeking to eat and live better.CEO Marc Pierce states, "This is only the beginning for us. While we started with direct to consumer serviced out of the West Coast, we soon will have fulfillment centers in the Midwest and East coast so we can affordably reach every consumer in the U.S. With our broad distribution, we'll be able to enter the food service and specialty food distribution market." Pierce uses the term "vegan food deserts" or places where vegan food innovations are not readily available in local grocery and specialty stores. "When our platform eliminates these 'vegan food deserts' and makes great tasting vegan food alternatives available to every consumer in the country, and ultimately the world, we will begin to realize our mission of becoming one of the most important companies to ensure the sustainability of our environment."To learn more about, visit www.gtfoitsvegan.comor email [emailprotected]Media contact:Jessica Anzalone[emailprotected]312-833-0859SOURCE GTFO Its Vegan Related Links https://gtfoitsvegan.com Answer:
GTFO It's Vegan Helps Small Vegan Businesses Reach Consumers Across the U.S. In Just Over A Month Since Launch, GTFO Has Fulfilled Over 1000 Orders Containing Over 7000 Products
NEWPORT BEACH, Calif., July 7, 2020 /PRNewswire/ --Launched on May 15th 2020, in the middle of the Covid19 pandemic, GTFO It's Vegan launched to bring curated vegan groceries right to consumers' doorsteps. With more and more consumers seeking to find healthier food options, fueled by the introduction of plant-based meats and cheeses in restaurants and fast food establishments across the county, GTFO It's Vegan has quickly realized its mission of offering the largest selection of vegan products in any one place. Continue Reading Perfect Meatless "Meaty" Tacos using Hungry Planet Foods "Ground Beef" and Spicy Chipotle Cashew "Cheesy" Sauce by Core + Rind- all for purchase on GTFO It's Vegan! Vegan Pasta and "Meatballs" Dish using ShroomEats meatballs, Violife shredded cheese, and Not Just Co. pasta sauce- All for purchase on GTFO It's Vegan! Started by husband and wife seasoned entrepreneur team and fellow vegans Marc and Tanya Pierce of Newport Beach, California, GTFO It's Vegan currently offers over 700 vegan products and is adding numerous products daily. From vegan meats, cheeses, dairy, bakery, snacks and pantry items, GTFO It's Vegan offers the widest selection of products in any one place to satisfy consumer demands for breakfast, lunch, dinner and dessert vegan alternatives. Marc Pierce, CEO of GTFO It's Vegan states, "What most people may not realize is innovation in vegan foods is fueled by small businesses entrepreneurs looking to create amazing vegan alternatives. While many consumers are familiar with mainstream brands such as Impossible, Beyond Meat, Gardein, Quorn, JUST, and Daiya, these products only represent a small fraction of the total vegan alternatives available around the world." "We seek to find and offer the latest and greatest innovations in vegan foods from small businesses around the world and bring them right to your front-door," stated Tanya Pierce, Co-Founder of GTFO It's Vegan and head of product selection and curation states. "By helping entrepreneurs quickly reach a broader base of customers, we are grateful to help these companies grow during these difficult times plagued by Covid19."One such company is Tricycle Pizza, a family owned and operated small batch manufacturer of handmade pizza. Danica Alvarado, Tricycle's founder states "GTFO has given us the ability to reach new consumers throughout the U.S that we could not reach otherwise. We have quite a bit of Tricycle Pizza fans throughout the country that discovered us while vacationing in the Monterey Bay Peninsula. Now we can bring our pizza directly to their door via GTFO It's Vegan. Our family is grateful for the opportunity we have from this innovative company."Be Leaf, a southern California based company that offers a wide selection of vegan products from bacon, hot dogs, chicken, shrimp and eggs, is another popular vendor on the GTFO It's Vegan site. Mary Huang, head of Sales and Marketing at Be Leaf, states "We are very excited to partner with GTFO It's Vegan to provide our plant-based vegan products to a whole new group of customers. GTFO It's Vegan has helped us grow our sales, especially during this Covid19 crisis."With these amazing innovations, GTFO It's Vegan's product selection has quickly proven to appeal to not only vegans, but a much broader market including vegetarians, pescatarians, those with diet restrictions such as gluten-free and dairy-free, and health conscious consumers seeking to eat and live better.CEO Marc Pierce states, "This is only the beginning for us. While we started with direct to consumer serviced out of the West Coast, we soon will have fulfillment centers in the Midwest and East coast so we can affordably reach every consumer in the U.S. With our broad distribution, we'll be able to enter the food service and specialty food distribution market." Pierce uses the term "vegan food deserts" or places where vegan food innovations are not readily available in local grocery and specialty stores. "When our platform eliminates these 'vegan food deserts' and makes great tasting vegan food alternatives available to every consumer in the country, and ultimately the world, we will begin to realize our mission of becoming one of the most important companies to ensure the sustainability of our environment."To learn more about, visit www.gtfoitsvegan.comor email [emailprotected]Media contact:Jessica Anzalone[emailprotected]312-833-0859SOURCE GTFO Its Vegan Related Links https://gtfoitsvegan.com
edtsum7903
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: GREENVILLE, S.C., Oct. 7, 2020 /PRNewswire/ --98 Ventures has announced the promotion of Scott Moore to Chief Executive Officer (CEO). He will be succeeding the founder, Scott Ramsey, who has been in the role since 1998. Ramsey recently shared his desire to transition from his full-time role to Chairman of the Board. Scott Ramsey (Right) passes the baton to Scott Moore (Left). Moore, who most recently served as President, assumes his new role effective immediately. Moore's promotion marks the first transition to CEO since the founding. In this role, Moore will oversee all co-founded sister companies, including 98 Ventures, UST, UST Select, Equip Fulfillment, and Insight Tech Co. Regarding his promotion, Moore stated, "My vision is in alignment with our founder. We will build on our solid foundation with our people as the cornerstone. We will embrace a culture of curiosity as we seek to discover unconventional solutions to our industry's longstanding challenges." As a part of this transition, Steve O'Brien has been named President, and Scott Aikenhead has been named Chief Operations Officer (COO), effective immediately. Steve O'Brien joined the team in 2015 and most recently served as COO. Scott Aikenhead joined the team in 2014 and most recently served as Executive Vice President. In a statement to the company, Ramsey stated, "I have never failed to give our company all I have to offer... The only thing left for me to do is step aside so that the next generation of leaders throughout the organization have an opportunity to demonstrate what I know you are all capable of." He continued, "I am forever grateful for all you have given me through the years, never more proud of who we have become and never more eager to see where you take us next."ABOUT 98 VENTURES98 Ventures is an executive management services company specializing in human resources, accounting, risk management, communications, application development, information technology, recruiting, legal, data analysis, operations support, and training and development. We support multiple companies across various industries including logistics, fulfillment services, and technology. CONTACT: Murray Dorn[emailprotected]864-235-8330 SOURCE 98 Ventures Answer:
98 Ventures Announces Scott Moore As Company CEO After 22 Years, Scott Ramsey Passes the Baton as CEO to Now Serve as Chairman of the Board
GREENVILLE, S.C., Oct. 7, 2020 /PRNewswire/ --98 Ventures has announced the promotion of Scott Moore to Chief Executive Officer (CEO). He will be succeeding the founder, Scott Ramsey, who has been in the role since 1998. Ramsey recently shared his desire to transition from his full-time role to Chairman of the Board. Scott Ramsey (Right) passes the baton to Scott Moore (Left). Moore, who most recently served as President, assumes his new role effective immediately. Moore's promotion marks the first transition to CEO since the founding. In this role, Moore will oversee all co-founded sister companies, including 98 Ventures, UST, UST Select, Equip Fulfillment, and Insight Tech Co. Regarding his promotion, Moore stated, "My vision is in alignment with our founder. We will build on our solid foundation with our people as the cornerstone. We will embrace a culture of curiosity as we seek to discover unconventional solutions to our industry's longstanding challenges." As a part of this transition, Steve O'Brien has been named President, and Scott Aikenhead has been named Chief Operations Officer (COO), effective immediately. Steve O'Brien joined the team in 2015 and most recently served as COO. Scott Aikenhead joined the team in 2014 and most recently served as Executive Vice President. In a statement to the company, Ramsey stated, "I have never failed to give our company all I have to offer... The only thing left for me to do is step aside so that the next generation of leaders throughout the organization have an opportunity to demonstrate what I know you are all capable of." He continued, "I am forever grateful for all you have given me through the years, never more proud of who we have become and never more eager to see where you take us next."ABOUT 98 VENTURES98 Ventures is an executive management services company specializing in human resources, accounting, risk management, communications, application development, information technology, recruiting, legal, data analysis, operations support, and training and development. We support multiple companies across various industries including logistics, fulfillment services, and technology. CONTACT: Murray Dorn[emailprotected]864-235-8330 SOURCE 98 Ventures
edtsum7904
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: DETROIT, Nov. 25, 2020 /PRNewswire/ --This Giving Tuesday, Dec. 1, Birth Detroit will celebrate giving by raising funds for Birth Detroit Care, a prenatal and postpartum clinic at Brilliant Detroit's Fitzgerald House, for virtual childbirth education and continued planning for Detroit's first community birth center. With support from a $250,000 planning grant from the W.K. Kellogg Foundation, in partnership with Michigan Public Health Institute (MPHI), Birth Detroit is expected to open the first freestanding accredited birth center in the city of Detroit in 2021. A birth center is a home-like place where midwives provide prenatal, birth, and postpartum care. The grant funds will support Birth Detroit's work to engage community members while fulfilling its mission to midwife safe, quality, loving care through pregnancy, birth, and beyond. In October, Birth Detroit opened Birth Detroit Care, an easy access clinic located at 16919 Prairie Street, in partnership with Brilliant Detroit. The easy access clinic provides critical pre and postnatal care and resources to birthing families in the community. The opening of the clinic comes at a critical time as Black women continue to experience racial disparities in maternal health. The easy access clinic is supported by the Michigan Health Endowment Fund, Community Foundation for Southeast Michigan (CFSEM) and other generous donors. "Birth centers are a critical part of an integrated health system," said Birth Detroit Co-Founder Leseliey Welch. "Now more than ever, all birthing people should have access to a full range of safe birth options, and Birth Detroit is excited to be a vital contributor to this goal." Welch is also co-director of Birth Center Equity, a national initiative launched to make birth center care an option in every community, by growing and sustaining birth centers led by Black, Indigenous, and people of color (BIPOC). One hundred percent of funds raised go to BIPOC birth centers, including Birth Detroit. Birth Center Equity will direct $250,000 to 25 BIPOC community birth centers this Giving Tuesday. Funds will support general operations, staffing, easy access perinatal support, continued expense of PPE, and capital campaign development. Women of color experience significant barriers as they strive to lead and enter the field of birth center development. Less than 5% of the more than 380 freestanding birth centers in the U.S. are owned or led by people of color. Furthermore, few initiatives center Black women as leaders in our own care, despite research showing that maternal and infant health disparities disproportionately affect Black families. Increasingly compelling evidence reveals that birth centers improve maternal and infant outcomes, enhance patient satisfaction and lower cost, yet there is no freestanding birth center in Detroit. That is why Birth Detroit was founded. Planning grant funds will be utilized to further Birth Detroit's maternal child health stakeholder engagement plan in order to develop a birth center that is responsive to community needs. Building on previous stakeholder interviews and a community survey taken by nearly 400 people (mostly African American Detroiters), Birth Detroit will host a series of conversations with communities, providers and payors in the new year. Renowned midwife Jennie Joseph will support strategic planning and local adaptation of the JJWay, her evidence-based model of care proven effective in caring for women of color. In addition, Birth Detroit is actively engaged in the American Association of Birth Centers as a developing birth center member. At the conclusion of the grant period, the team aims to have provider and payor partner agreements in place and a site selected for its physical location. "As a public health professional and mother who experienced the death of my six-month-old son, I recognize the importance of elevating the voices of mothers and families," said Dr. Renee Canady, CEO of MPHI, a Birth Detroit partner. Giving Tuesday is a global day of giving that harnesses the collective power of individuals, communities and organizations to encourage giving and to celebrate generosity worldwide. Every year, on Giving Tuesday, millions of people across the globe (in almost 60 countries) mobilize to show up, give back and change their communities. The goal is to create a massive wave of generosity that lasts well beyond that day, and touches every person on the planet. Birth Detroit's founding team is comprised of a public health administrator and community health strategist, a certified nurse midwife, a certified professional/licensed midwife and a certified doula and health equity consultant. Together, the team has over 30 years of experience serving Detroit families. Birth Detroit is emerging as a leader in addressing a long-neglected gap in care and is a Robert Wood Johnson Foundation Health Equity Learning Partner for 2020-2022. Birth Detroit is featured in the recently issued Institute for Medicaid Innovation Report: Improving Maternal Health Access, Coverage, and Outcomes in Medicaid. For more information, visit www.birthdetroit.com. About Birth DetroitHope, strength, and vision -- Amidst the undeniable tragedies surrounding maternal and infant death rates in Detroit, another narrative exists. This narrative leans on hope, harnesses community strengths, and imagines a future in which Detroit is a leader in community-based maternal and infant care. Community leaders across Detroit are using this strengths-based lens to find innovative and equitable solutions to these urgent issues. One of the newest community-centered solutions is Birth Detroit. Birth Detroit embraces a community organizing approach to birth center development, rooted in deep equity and meaningful partnerships. Join us in working together to create a model birth center in Detroit, and in transforming the spirit of care. Learn more here. MEDIA CONTACT:[emailprotected] SOURCE Birth Detroit Answer:
Birth Detroit Slated to Open City's First Freestanding Community Birth Center in 2021
DETROIT, Nov. 25, 2020 /PRNewswire/ --This Giving Tuesday, Dec. 1, Birth Detroit will celebrate giving by raising funds for Birth Detroit Care, a prenatal and postpartum clinic at Brilliant Detroit's Fitzgerald House, for virtual childbirth education and continued planning for Detroit's first community birth center. With support from a $250,000 planning grant from the W.K. Kellogg Foundation, in partnership with Michigan Public Health Institute (MPHI), Birth Detroit is expected to open the first freestanding accredited birth center in the city of Detroit in 2021. A birth center is a home-like place where midwives provide prenatal, birth, and postpartum care. The grant funds will support Birth Detroit's work to engage community members while fulfilling its mission to midwife safe, quality, loving care through pregnancy, birth, and beyond. In October, Birth Detroit opened Birth Detroit Care, an easy access clinic located at 16919 Prairie Street, in partnership with Brilliant Detroit. The easy access clinic provides critical pre and postnatal care and resources to birthing families in the community. The opening of the clinic comes at a critical time as Black women continue to experience racial disparities in maternal health. The easy access clinic is supported by the Michigan Health Endowment Fund, Community Foundation for Southeast Michigan (CFSEM) and other generous donors. "Birth centers are a critical part of an integrated health system," said Birth Detroit Co-Founder Leseliey Welch. "Now more than ever, all birthing people should have access to a full range of safe birth options, and Birth Detroit is excited to be a vital contributor to this goal." Welch is also co-director of Birth Center Equity, a national initiative launched to make birth center care an option in every community, by growing and sustaining birth centers led by Black, Indigenous, and people of color (BIPOC). One hundred percent of funds raised go to BIPOC birth centers, including Birth Detroit. Birth Center Equity will direct $250,000 to 25 BIPOC community birth centers this Giving Tuesday. Funds will support general operations, staffing, easy access perinatal support, continued expense of PPE, and capital campaign development. Women of color experience significant barriers as they strive to lead and enter the field of birth center development. Less than 5% of the more than 380 freestanding birth centers in the U.S. are owned or led by people of color. Furthermore, few initiatives center Black women as leaders in our own care, despite research showing that maternal and infant health disparities disproportionately affect Black families. Increasingly compelling evidence reveals that birth centers improve maternal and infant outcomes, enhance patient satisfaction and lower cost, yet there is no freestanding birth center in Detroit. That is why Birth Detroit was founded. Planning grant funds will be utilized to further Birth Detroit's maternal child health stakeholder engagement plan in order to develop a birth center that is responsive to community needs. Building on previous stakeholder interviews and a community survey taken by nearly 400 people (mostly African American Detroiters), Birth Detroit will host a series of conversations with communities, providers and payors in the new year. Renowned midwife Jennie Joseph will support strategic planning and local adaptation of the JJWay, her evidence-based model of care proven effective in caring for women of color. In addition, Birth Detroit is actively engaged in the American Association of Birth Centers as a developing birth center member. At the conclusion of the grant period, the team aims to have provider and payor partner agreements in place and a site selected for its physical location. "As a public health professional and mother who experienced the death of my six-month-old son, I recognize the importance of elevating the voices of mothers and families," said Dr. Renee Canady, CEO of MPHI, a Birth Detroit partner. Giving Tuesday is a global day of giving that harnesses the collective power of individuals, communities and organizations to encourage giving and to celebrate generosity worldwide. Every year, on Giving Tuesday, millions of people across the globe (in almost 60 countries) mobilize to show up, give back and change their communities. The goal is to create a massive wave of generosity that lasts well beyond that day, and touches every person on the planet. Birth Detroit's founding team is comprised of a public health administrator and community health strategist, a certified nurse midwife, a certified professional/licensed midwife and a certified doula and health equity consultant. Together, the team has over 30 years of experience serving Detroit families. Birth Detroit is emerging as a leader in addressing a long-neglected gap in care and is a Robert Wood Johnson Foundation Health Equity Learning Partner for 2020-2022. Birth Detroit is featured in the recently issued Institute for Medicaid Innovation Report: Improving Maternal Health Access, Coverage, and Outcomes in Medicaid. For more information, visit www.birthdetroit.com. About Birth DetroitHope, strength, and vision -- Amidst the undeniable tragedies surrounding maternal and infant death rates in Detroit, another narrative exists. This narrative leans on hope, harnesses community strengths, and imagines a future in which Detroit is a leader in community-based maternal and infant care. Community leaders across Detroit are using this strengths-based lens to find innovative and equitable solutions to these urgent issues. One of the newest community-centered solutions is Birth Detroit. Birth Detroit embraces a community organizing approach to birth center development, rooted in deep equity and meaningful partnerships. Join us in working together to create a model birth center in Detroit, and in transforming the spirit of care. Learn more here. MEDIA CONTACT:[emailprotected] SOURCE Birth Detroit
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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: JACKSON, Mich., April 8, 2021 /PRNewswire/ --Careline Health Group is being celebrated as one of the 2021 awardees for the Michigan 50 Companies to Watch award, presented by Michigan Celebrates Small Business. Careline Health Group will be honored at an awards ceremony during the 17th annual Michigan Celebrates Small Business gala event, July 20. Careline Health Group provides Physician Services and Hospice to the frail and seriously ill population. During the COVID-19 pandemic, Careline Health Group employees committed to proactively care for vulnerable patients, families and communities by partnering with state and local health departments in a widespread effort to provide COVID-19 testing, education and vaccinations. Careline Health Group achieved this by implementing innovative programs and technology to keep patients and their families safe, informed and connected. "It is an honor to accept this award and recognition for what our team has accomplished through the pandemic and in the communities we serve," said Joseph Mead, Careline Health Group's founder and CEO. "Being a Michigan 50 Company to Watch is recognition of the Expect Exceptional mindset that runs through our DNA. We are excited to continuously expand what we do for our patients, families and community." The Michigan 50 Companies to Watch are known for making a substantial economic impact and have proven that with this year's nominations totaling 559. This year has challenged businesses due to COVID-19, but many have proven to be valiant and continue to impact Michigan's economy despite the obstacles they have faced. Out of the applicants for this year's gala, each demonstrated innovation and growth, helping their small business create change in communities around Michigan. "Small businesses create significant economic impact in communities all across Michigan, said Josh Hundt, Chief Business Development Officer and Executive Vice President at the Michigan Economic Development Corporation. "We are excited to acknowledge and celebrate more than 80 small businesses this year who have been selected by their peers, communities, and small business support organizations and demonstrate the resiliency and impact of Michigan small businesses." Companies nominated for the Michigan 50 Companies to Watch award must be second-stage companies, defined as having six to 99 full-time-equivalent employees and generating $750,000 to $50 million in annual revenue or working capital from investors or grants. Additionally, the companies must be privately held and headquartered in Michigan. Each nominee is evaluated based off of intent and capacity to grow, such as: Employee or sales growth Exceptional entrepreneurial leadership Sustainable competitive advantage Other notable factors that showcase the company's success Michigan Celebrates Small Business hopes to celebrate small business success in person at the Breslin Center in East Lansing on July 20. At this time, MCSB is planning for a hybrid approach to the celebration, offering a virtual and in-person experience. If an in-person gala is permitted, MCSB will comply with CDC, state and Michigan State University guidelines. About Careline Health Group: Careline Health Group and its affiliates ("Careline") provide Physician Services and Hospice care for the frail or seriously ill. Careline is different by design. Our teams provide better care and outcomes by combining technology with human experience. Careline's goal is to provide Exceptional care to the frail and seriously ill population where and when it is best for them. For more information, please visit carelinehealthgroup.com. Careline Health Group is also on Facebook, LinkedIn, Twitter, and Instagram. About Michigan Celebrates Small Businesses Michigan Celebrates Small Businesses is a non-profit (501c3) organization that is composed of statewide founding organizations that provide small businesses with resources to help their company grow. Since 2005, the MCSB awards gala has celebrated and honored the impact that small businesses have on our communities and state. MCSB makes small businesses their priority and will continue to support, connect, and celebrate small businesses in Michigan. Michigan Celebrates Small Business is a partnership of the Michigan Economic Development Corporation, Edward Lowe Foundation, Small Business Association of Michigan, U.S. Small Business Administration, Michigan Business Network and the Michigan Small Business Development Center. Kinexus Group is the Managing Partner of the 2021 Michigan Celebrates Small Business Gala. Information about Michigan Celebrates Small Business can be found at www.MichiganCelebrates.org SOURCE Careline Health Group Related Links https://carelinehealthgroup.com/ Answer:
Careline Health Group Honored as a 2021 Michigan Celebrates Awardee!
JACKSON, Mich., April 8, 2021 /PRNewswire/ --Careline Health Group is being celebrated as one of the 2021 awardees for the Michigan 50 Companies to Watch award, presented by Michigan Celebrates Small Business. Careline Health Group will be honored at an awards ceremony during the 17th annual Michigan Celebrates Small Business gala event, July 20. Careline Health Group provides Physician Services and Hospice to the frail and seriously ill population. During the COVID-19 pandemic, Careline Health Group employees committed to proactively care for vulnerable patients, families and communities by partnering with state and local health departments in a widespread effort to provide COVID-19 testing, education and vaccinations. Careline Health Group achieved this by implementing innovative programs and technology to keep patients and their families safe, informed and connected. "It is an honor to accept this award and recognition for what our team has accomplished through the pandemic and in the communities we serve," said Joseph Mead, Careline Health Group's founder and CEO. "Being a Michigan 50 Company to Watch is recognition of the Expect Exceptional mindset that runs through our DNA. We are excited to continuously expand what we do for our patients, families and community." The Michigan 50 Companies to Watch are known for making a substantial economic impact and have proven that with this year's nominations totaling 559. This year has challenged businesses due to COVID-19, but many have proven to be valiant and continue to impact Michigan's economy despite the obstacles they have faced. Out of the applicants for this year's gala, each demonstrated innovation and growth, helping their small business create change in communities around Michigan. "Small businesses create significant economic impact in communities all across Michigan, said Josh Hundt, Chief Business Development Officer and Executive Vice President at the Michigan Economic Development Corporation. "We are excited to acknowledge and celebrate more than 80 small businesses this year who have been selected by their peers, communities, and small business support organizations and demonstrate the resiliency and impact of Michigan small businesses." Companies nominated for the Michigan 50 Companies to Watch award must be second-stage companies, defined as having six to 99 full-time-equivalent employees and generating $750,000 to $50 million in annual revenue or working capital from investors or grants. Additionally, the companies must be privately held and headquartered in Michigan. Each nominee is evaluated based off of intent and capacity to grow, such as: Employee or sales growth Exceptional entrepreneurial leadership Sustainable competitive advantage Other notable factors that showcase the company's success Michigan Celebrates Small Business hopes to celebrate small business success in person at the Breslin Center in East Lansing on July 20. At this time, MCSB is planning for a hybrid approach to the celebration, offering a virtual and in-person experience. If an in-person gala is permitted, MCSB will comply with CDC, state and Michigan State University guidelines. About Careline Health Group: Careline Health Group and its affiliates ("Careline") provide Physician Services and Hospice care for the frail or seriously ill. Careline is different by design. Our teams provide better care and outcomes by combining technology with human experience. Careline's goal is to provide Exceptional care to the frail and seriously ill population where and when it is best for them. For more information, please visit carelinehealthgroup.com. Careline Health Group is also on Facebook, LinkedIn, Twitter, and Instagram. About Michigan Celebrates Small Businesses Michigan Celebrates Small Businesses is a non-profit (501c3) organization that is composed of statewide founding organizations that provide small businesses with resources to help their company grow. Since 2005, the MCSB awards gala has celebrated and honored the impact that small businesses have on our communities and state. MCSB makes small businesses their priority and will continue to support, connect, and celebrate small businesses in Michigan. Michigan Celebrates Small Business is a partnership of the Michigan Economic Development Corporation, Edward Lowe Foundation, Small Business Association of Michigan, U.S. Small Business Administration, Michigan Business Network and the Michigan Small Business Development Center. Kinexus Group is the Managing Partner of the 2021 Michigan Celebrates Small Business Gala. Information about Michigan Celebrates Small Business can be found at www.MichiganCelebrates.org SOURCE Careline Health Group Related Links https://carelinehealthgroup.com/
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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 20, 2020 /PRNewswire/ --Remediant, Inc., the Precision Privileged Access Management (PAM) leader, announced today that CRN, a brand of The Channel Company, has named Remediant to its 2020 Emerging Vendors list in the Security category. This annual list honors new, rising technology suppliers that exhibit great promise in shaping the future success of the channel with their dedication to innovation. The list recognizes channel-focused organizations across eight categories: Cloud, Data Center, Security, Big Data, Internet of Things (IoT), Storage and Networking/Unified Communications. Continue Reading (PRNewsfoto/Remediant) Remediant was selected because of its work in delivering to enterprise and public sector customers Zero Standing Privilege (ZSP). Simply put, Remediant's flagship software product, SecureONE, ensures privileged access is precisely allocated and continuously inventoried by granting access on a "Just Enough, Just-in-Time" basis using two-factor authentication. SecureONE was purpose built to address this problem and be a force multiplier to Identity & Access Management programs worldwide. The founding team especially had in mind those looking to secure and enable access to global, distributed and always scaling infrastructure. The Remediant approach eliminates standing privilege with continuous scanning and agentless, vaultless simplicity unlike bloated, complex legacy PAM solutions that leave unprotected attack surfaces and are difficult to deploy. "Remediant is thrilled to be a part of the CRN Emerging Vendors List," said Bryan Copeland, Remediant's Head of Global Channels. "As a 100% channel company, our partners are instrumental in bringing to enterprises and public sector organizations a simpler way to deliver on our promise of removing standing privilege, a key attack vector for ransomware and malicious actors."CRN's Emerging Vendors recognizes pioneering technology suppliers in the IT channel that are driving innovation and growth. This list serves as a valuable resource for solution providers in search of the latest technologies. The Emerging Vendors list is selected by CRN's esteemed editorial team. These vendors are inspiring the IT channel with groundbreaking technologies and best-in-class offerings that are elevating businesses driving success with solutions built to battle the challenges of the IT channel."CRN's 2020 Emerging Vendors list recognizes vendors that are revolutionizing the IT channel with innovative solutions that meet the complex demands of our industry," said Blaine Raddon, CEO of The Channel Company. "It honors inspirational new vendors that are driving channel growth with state-of-the-art technologies that will continue to shape the channel into the future."The 2020 Emerging Vendors list will be featured in the August 2020 issue of CRN Magazine and online at www.CRN.com/EmergingVendors.About RemediantSan Francisco-based Remediant is disrupting the Privileged Access Management (PAM) market by taking a laser focused approach to removing the biggest undiscovered security risk: (24x7 /always on / persistent)administrator(rights / privileges / access)on the network. Built upon the principle of Zero Standing Privilege, Remediant's award-winning SecureONE PAM software delivers just enough, just in time privileged access and continuous discovery with agentless, vaultless simplicity. SecureONE protects millions of endpoints and has been adopted by major enterprises across a number of industries. For more information, please visit:https://www.remediant.com/About The Channel CompanyThe Channel Company enables breakthrough IT channel performance with our dominant media, engaging events, expert consulting and education, and innovative marketing services and platforms. As the channel catalyst, we connect and empower technology suppliers, solution providers, and end-users. Backed by more than 30 years of unequaled channel experience, we draw from our deep knowledge to envision innovative new solutions for ever-evolving challenges in the technology marketplace. www.thechannelco.comFollow The Channel Company:Twitter, LinkedIn and Facebook2020 The Channel Company, LLC. CRN is a registered trademark of The Channel Company, LLC. All rights reserved.Media Contacts:Mark HodgsonRemediant, Inc. 650-270-4426[emailprotected] The Channel Company Contact:Jennifer HoganThe Channel Company[emailprotected]SOURCE Remediant Related Links http://www.remediant.com Answer:
CRN Recognizes Remediant on the 2020 Emerging Vendors List Company Leading the Way with Agentless, Vaultless, Just-In-Time Precision Privileged Access Management Solutions for the Enterprise and Public Sector
SAN FRANCISCO, July 20, 2020 /PRNewswire/ --Remediant, Inc., the Precision Privileged Access Management (PAM) leader, announced today that CRN, a brand of The Channel Company, has named Remediant to its 2020 Emerging Vendors list in the Security category. This annual list honors new, rising technology suppliers that exhibit great promise in shaping the future success of the channel with their dedication to innovation. The list recognizes channel-focused organizations across eight categories: Cloud, Data Center, Security, Big Data, Internet of Things (IoT), Storage and Networking/Unified Communications. Continue Reading (PRNewsfoto/Remediant) Remediant was selected because of its work in delivering to enterprise and public sector customers Zero Standing Privilege (ZSP). Simply put, Remediant's flagship software product, SecureONE, ensures privileged access is precisely allocated and continuously inventoried by granting access on a "Just Enough, Just-in-Time" basis using two-factor authentication. SecureONE was purpose built to address this problem and be a force multiplier to Identity & Access Management programs worldwide. The founding team especially had in mind those looking to secure and enable access to global, distributed and always scaling infrastructure. The Remediant approach eliminates standing privilege with continuous scanning and agentless, vaultless simplicity unlike bloated, complex legacy PAM solutions that leave unprotected attack surfaces and are difficult to deploy. "Remediant is thrilled to be a part of the CRN Emerging Vendors List," said Bryan Copeland, Remediant's Head of Global Channels. "As a 100% channel company, our partners are instrumental in bringing to enterprises and public sector organizations a simpler way to deliver on our promise of removing standing privilege, a key attack vector for ransomware and malicious actors."CRN's Emerging Vendors recognizes pioneering technology suppliers in the IT channel that are driving innovation and growth. This list serves as a valuable resource for solution providers in search of the latest technologies. The Emerging Vendors list is selected by CRN's esteemed editorial team. These vendors are inspiring the IT channel with groundbreaking technologies and best-in-class offerings that are elevating businesses driving success with solutions built to battle the challenges of the IT channel."CRN's 2020 Emerging Vendors list recognizes vendors that are revolutionizing the IT channel with innovative solutions that meet the complex demands of our industry," said Blaine Raddon, CEO of The Channel Company. "It honors inspirational new vendors that are driving channel growth with state-of-the-art technologies that will continue to shape the channel into the future."The 2020 Emerging Vendors list will be featured in the August 2020 issue of CRN Magazine and online at www.CRN.com/EmergingVendors.About RemediantSan Francisco-based Remediant is disrupting the Privileged Access Management (PAM) market by taking a laser focused approach to removing the biggest undiscovered security risk: (24x7 /always on / persistent)administrator(rights / privileges / access)on the network. Built upon the principle of Zero Standing Privilege, Remediant's award-winning SecureONE PAM software delivers just enough, just in time privileged access and continuous discovery with agentless, vaultless simplicity. SecureONE protects millions of endpoints and has been adopted by major enterprises across a number of industries. For more information, please visit:https://www.remediant.com/About The Channel CompanyThe Channel Company enables breakthrough IT channel performance with our dominant media, engaging events, expert consulting and education, and innovative marketing services and platforms. As the channel catalyst, we connect and empower technology suppliers, solution providers, and end-users. Backed by more than 30 years of unequaled channel experience, we draw from our deep knowledge to envision innovative new solutions for ever-evolving challenges in the technology marketplace. www.thechannelco.comFollow The Channel Company:Twitter, LinkedIn and Facebook2020 The Channel Company, LLC. CRN is a registered trademark of The Channel Company, LLC. All rights reserved.Media Contacts:Mark HodgsonRemediant, Inc. 650-270-4426[emailprotected] The Channel Company Contact:Jennifer HoganThe Channel Company[emailprotected]SOURCE Remediant Related Links http://www.remediant.com
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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 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the Code) 1. KEY INFORMATION (a) Full name of discloser: Millennium International Management LP (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree Urban&Civic plc (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure 12th January 2021 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state N/A No 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security: 20p ordinary (GB00BKT04W07) Interests Short positions Number % Number % (1) Relevant securities owned and/or controlled: - - - - (2) Cash-settled derivatives: 2,684,342 1.849% - - (3) Stock-settled derivatives (including options) and agreements to purchase/sell: - - - - TOTAL: 2,684,342 1.849% - - All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant security Purchase/sale Number of securities Price per unit (b) Cash-settled derivative transactions Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit (GBP) GB00BKT04W07 Equity Swap Increasing a long position 18,815 3.44 GB00BKT04W07 Equity Swap Increasing a long position 1,304 3.44 GB00BKT04W07 Equity Swap Increasing a long position 1,389 3.44 GB00BKT04W07 Equity Swap Opening a long position 1,389 3.44 GB00BKT04W07 Equity Swap Closing a long position 1,389 3.44 (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state none NONE (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state none NONE (c) Attachments Is a Supplemental Form 8 (Open Positions) attached? NO Date of disclosure: 13th January 2021 Contact name: Milos Naumovic Telephone number: +44 203 650 8203 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panels Market Surveillance Unit is available for consultation in relation to the Codes disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panels website at www.thetakeoverpanel.org.uk. Answer:
Form 8.3 - Urban&Civic plc
LONDON--(BUSINESS WIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the Code) 1. KEY INFORMATION (a) Full name of discloser: Millennium International Management LP (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree Urban&Civic plc (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure 12th January 2021 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state N/A No 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security: 20p ordinary (GB00BKT04W07) Interests Short positions Number % Number % (1) Relevant securities owned and/or controlled: - - - - (2) Cash-settled derivatives: 2,684,342 1.849% - - (3) Stock-settled derivatives (including options) and agreements to purchase/sell: - - - - TOTAL: 2,684,342 1.849% - - All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant security Purchase/sale Number of securities Price per unit (b) Cash-settled derivative transactions Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit (GBP) GB00BKT04W07 Equity Swap Increasing a long position 18,815 3.44 GB00BKT04W07 Equity Swap Increasing a long position 1,304 3.44 GB00BKT04W07 Equity Swap Increasing a long position 1,389 3.44 GB00BKT04W07 Equity Swap Opening a long position 1,389 3.44 GB00BKT04W07 Equity Swap Closing a long position 1,389 3.44 (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state none NONE (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state none NONE (c) Attachments Is a Supplemental Form 8 (Open Positions) attached? NO Date of disclosure: 13th January 2021 Contact name: Milos Naumovic Telephone number: +44 203 650 8203 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panels Market Surveillance Unit is available for consultation in relation to the Codes disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panels website at www.thetakeoverpanel.org.uk.
edtsum7908
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: DUBLIN, Feb. 12, 2021 /PRNewswire/ -- The "Global Drug Delivery Partnering Terms and Agreements 2014-2020" report has been added to ResearchAndMarkets.com's offering. The Global Drug Delivery Partnering Terms and Agreements 2014-2020 report provides comprehensive understanding and unprecedented access to the drug delivery partnering deals and agreements entered into by the worlds leading healthcare companies.This report provides details of the latest Drug Delivery agreements announced in the life sciences since 2014.The report takes the reader through a comprehensive review Drug Delivery deal trends, key players, top deal values, as well as deal financials, allowing the understanding of how, why and under what terms, companies are entering Drug Delivery partnering deals.The report presents financial deal term values for Drug Delivery deals, listing by headline value, upfront payments, milestone payments and royalties, enabling readers to analyse and benchmark the financial value of deals.One of the key highlights of the report is that over 1200 online deal records of actual Drug Delivery deals, as disclosed by the deal parties, are included towards the end of the report in a directory format - by company A-Z, stage of development, deal type, therapy focus, and technology type - that is easy to reference. Each deal record in the report links via Weblink to an online version of the deal.In addition, where available, records include contract documents as submitted to the Securities Exchange Commission by companies and their partners. Whilst many companies will be seeking details of the payment clauses, the devil is in the detail in terms of how payments are triggered - contract documents provide this insight where press releases and databases do not.Key benefitsGlobal Drug Delivery Partnering Terms and Agreements 2014-2020 provides the reader with the following key benefits: In-depth understanding of Drug Delivery deal trends since 2014 Access to headline, upfront, milestone and royalty data Analysis of the structure of Drug Delivery agreements with numerous real life case studies Detailed access to actual Drug Delivery contracts entered into by leading biopharma companies Identify most active Drug Delivery dealmakers since 2014 Insight into terms included in a Drug Delivery partnering agreement, with real world examples Understand the key deal terms companies have agreed in previous deals Undertake due diligence to assess suitability of your proposed deal terms for partner companies Available deals are listed by: Company A-Z Headline value Stage of development at signing Deal component type Specific therapy target Technology type Key Topics Covered: Executive SummaryChapter 1 - IntroductionChapter 2 - Trends in Drug Delivery dealmaking2.1. Introduction2.2. Drug Delivery partnering over the years2.3. Most active Drug Delivery dealmakers2.4. Drug Delivery partnering by deal type2.5. Drug Delivery partnering by therapy area2.6. Deal terms for Drug Delivery partnering2.6.1 Drug Delivery partnering headline values2.6.2 Drug Delivery deal upfront payments2.6.3 Drug Delivery deal milestone payments2.6.4 Drug Delivery royalty ratesChapter 3 - Leading Drug Delivery deals3.1. Introduction3.2. Top Drug Delivery deals by valueChapter 4 - Most active Drug Delivery dealmakers4.1. Introduction4.2. Most active Drug Delivery dealmakers4.3. Most active Drug Delivery partnering company profilesChapter 5 - Drug Delivery contracts dealmaking directory5.1. Introduction5.2. Drug Delivery contracts dealmaking directoryChapter 6 - Drug Delivery dealmaking by technology typeChapter 7 - Partnering resource center7.1. Online partnering7.2. Partnering events7.3. Further reading on dealmakingAppendices Appendix 1 - Drug Delivery deals by company A-Z Appendix 2 - Drug Delivery deals by stage of development Appendix 3 - Drug Delivery deals by deal type Appendix 4 - Drug Delivery deals by therapy area Appendix 5 -Deal type definitions For more information about this report visit https://www.researchandmarkets.com/r/cmlyos Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com Answer:
Global Drug Delivery Partnering Deals 2014-2020: Access to Headline, Upfront, Milestone and Royalty Data
DUBLIN, Feb. 12, 2021 /PRNewswire/ -- The "Global Drug Delivery Partnering Terms and Agreements 2014-2020" report has been added to ResearchAndMarkets.com's offering. The Global Drug Delivery Partnering Terms and Agreements 2014-2020 report provides comprehensive understanding and unprecedented access to the drug delivery partnering deals and agreements entered into by the worlds leading healthcare companies.This report provides details of the latest Drug Delivery agreements announced in the life sciences since 2014.The report takes the reader through a comprehensive review Drug Delivery deal trends, key players, top deal values, as well as deal financials, allowing the understanding of how, why and under what terms, companies are entering Drug Delivery partnering deals.The report presents financial deal term values for Drug Delivery deals, listing by headline value, upfront payments, milestone payments and royalties, enabling readers to analyse and benchmark the financial value of deals.One of the key highlights of the report is that over 1200 online deal records of actual Drug Delivery deals, as disclosed by the deal parties, are included towards the end of the report in a directory format - by company A-Z, stage of development, deal type, therapy focus, and technology type - that is easy to reference. Each deal record in the report links via Weblink to an online version of the deal.In addition, where available, records include contract documents as submitted to the Securities Exchange Commission by companies and their partners. Whilst many companies will be seeking details of the payment clauses, the devil is in the detail in terms of how payments are triggered - contract documents provide this insight where press releases and databases do not.Key benefitsGlobal Drug Delivery Partnering Terms and Agreements 2014-2020 provides the reader with the following key benefits: In-depth understanding of Drug Delivery deal trends since 2014 Access to headline, upfront, milestone and royalty data Analysis of the structure of Drug Delivery agreements with numerous real life case studies Detailed access to actual Drug Delivery contracts entered into by leading biopharma companies Identify most active Drug Delivery dealmakers since 2014 Insight into terms included in a Drug Delivery partnering agreement, with real world examples Understand the key deal terms companies have agreed in previous deals Undertake due diligence to assess suitability of your proposed deal terms for partner companies Available deals are listed by: Company A-Z Headline value Stage of development at signing Deal component type Specific therapy target Technology type Key Topics Covered: Executive SummaryChapter 1 - IntroductionChapter 2 - Trends in Drug Delivery dealmaking2.1. Introduction2.2. Drug Delivery partnering over the years2.3. Most active Drug Delivery dealmakers2.4. Drug Delivery partnering by deal type2.5. Drug Delivery partnering by therapy area2.6. Deal terms for Drug Delivery partnering2.6.1 Drug Delivery partnering headline values2.6.2 Drug Delivery deal upfront payments2.6.3 Drug Delivery deal milestone payments2.6.4 Drug Delivery royalty ratesChapter 3 - Leading Drug Delivery deals3.1. Introduction3.2. Top Drug Delivery deals by valueChapter 4 - Most active Drug Delivery dealmakers4.1. Introduction4.2. Most active Drug Delivery dealmakers4.3. Most active Drug Delivery partnering company profilesChapter 5 - Drug Delivery contracts dealmaking directory5.1. Introduction5.2. Drug Delivery contracts dealmaking directoryChapter 6 - Drug Delivery dealmaking by technology typeChapter 7 - Partnering resource center7.1. Online partnering7.2. Partnering events7.3. Further reading on dealmakingAppendices Appendix 1 - Drug Delivery deals by company A-Z Appendix 2 - Drug Delivery deals by stage of development Appendix 3 - Drug Delivery deals by deal type Appendix 4 - Drug Delivery deals by therapy area Appendix 5 -Deal type definitions For more information about this report visit https://www.researchandmarkets.com/r/cmlyos 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
edtsum7909
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 ANTONIO, April 21, 2021 /PRNewswire/ -- Coviant Software took home four gold and one silver medal from the annual Cybersecurity Excellence Awards. Among companies with 10-49 employees, Coviant's Diplomat MFT managed file transfer software platform was deemed a top cybersecurity solution for the manufacturing, financial services, and healthcare industries. Diplomat MFT also took silver for secure file transfer products. Continue Reading CEO Gregory Hoffer "These days there's an emphasis on the security of data in transit thanks to the shift to remote work and collaboration, as well as strict regulations being set for cross-border data transfers. Our products play an important role in keeping that valuable information safe. We're grateful for this recognition from the industry, but more important is the trust our customers put in us," said Gregory Hoffer, Coviant Software CEO. Hoffer was recipient of the title "Cybersecurity Executive of the Year" for organizations in the 10-49 employee category as well. In all, Coviant Software earned:Gold (10-49 employee organizations)Coviant Software, Diplomat MFTCybersecurity Industry Solution Financial ServicesCybersecurity Industry Solution HealthcareCybersecurity Industry Solution ManufacturingCybersecurity Executive of the YearGregory Hoffer, CEO, Coviant Software Silver (10-49 employee organizations) Coviant Software, Diplomat MFT Cybersecurity Product Secure File TransferCoviant Software makes the award-winning secure, managed file transfer platform Diplomat MFT, recognized as the industry's value-leader. Diplomat MFT is a cross-platform software solution that runs on-premises, in the cloud, or in a hybrid deployment. Diplomat MFT takes less than an hour for customers to install and configure for their first automated file transfer. If you are interested in obtaining a free license for Diplomat MFT, you can visit us at www.coviantsoftware.com/contact, send an email to [emailprotected], or call us at 781-210-3310 x100.Media Contact:Mike Spinney 978-660-4053 [emailprotected] SOURCE Coviant Software Related Links http://www.coviantsoftware.com Answer:
Coviant Software Strikes Cybersecurity Excellence Gold San Antonio Firm Earns Five Industry Awards for Product, Leadership
SAN ANTONIO, April 21, 2021 /PRNewswire/ -- Coviant Software took home four gold and one silver medal from the annual Cybersecurity Excellence Awards. Among companies with 10-49 employees, Coviant's Diplomat MFT managed file transfer software platform was deemed a top cybersecurity solution for the manufacturing, financial services, and healthcare industries. Diplomat MFT also took silver for secure file transfer products. Continue Reading CEO Gregory Hoffer "These days there's an emphasis on the security of data in transit thanks to the shift to remote work and collaboration, as well as strict regulations being set for cross-border data transfers. Our products play an important role in keeping that valuable information safe. We're grateful for this recognition from the industry, but more important is the trust our customers put in us," said Gregory Hoffer, Coviant Software CEO. Hoffer was recipient of the title "Cybersecurity Executive of the Year" for organizations in the 10-49 employee category as well. In all, Coviant Software earned:Gold (10-49 employee organizations)Coviant Software, Diplomat MFTCybersecurity Industry Solution Financial ServicesCybersecurity Industry Solution HealthcareCybersecurity Industry Solution ManufacturingCybersecurity Executive of the YearGregory Hoffer, CEO, Coviant Software Silver (10-49 employee organizations) Coviant Software, Diplomat MFT Cybersecurity Product Secure File TransferCoviant Software makes the award-winning secure, managed file transfer platform Diplomat MFT, recognized as the industry's value-leader. Diplomat MFT is a cross-platform software solution that runs on-premises, in the cloud, or in a hybrid deployment. Diplomat MFT takes less than an hour for customers to install and configure for their first automated file transfer. If you are interested in obtaining a free license for Diplomat MFT, you can visit us at www.coviantsoftware.com/contact, send an email to [emailprotected], or call us at 781-210-3310 x100.Media Contact:Mike Spinney 978-660-4053 [emailprotected] SOURCE Coviant Software Related Links http://www.coviantsoftware.com
edtsum7910
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: LADSON, S.C.--(BUSINESS WIRE)--TIGHITCOTM Inc. is pleased to announce that its South Carolina Aerostructures facility has been awarded Sikorsky Special Process Approvals as a Group 2 Supplier. This approval allows the Charleston facility to manufacture Sikorsky composite part details and assemblies. These composite structures are now shipping to Sikorsky. We are very excited about this Supplier Approval Award as it significantly expands the capacity and capability of our Aerostructures Division. This combines the assets of our Berlin, CT and our Charleston, SC facility in support of Sikorsky, said Kenneth P. Rusterholz, President and CEO. We continue to expand our support of complex composite structures and assemblies to our customers through innovative solutions and exemplary customer service. TIGHITCOs Aerostructures Division capabilities include advanced composite structures, metal bonded structures, composite fabrication, major and complex composite assemblies along with the internal NDI, laboratory testing, tooling, prime and paint applications and design support. About TIGHITCO Inc.: TIGHITCO is an industry leader in the design, fabrication and assembly of engineered components for aerospace and industrial applications. We focus on creative thinking to drive viable solutions for our customers technical challenges. TIGHITCO is comprised of three divisions in the U.S. and Mexico: Aerostructures, Insulation Products and Overhaul Support Services. www.tighitco.com. Answer:
TIGHITCO Receives Special Process Approval Qualifications from Sikorsky, a Lockheed Martin Company Combines assets throughout Aerostructures Division
LADSON, S.C.--(BUSINESS WIRE)--TIGHITCOTM Inc. is pleased to announce that its South Carolina Aerostructures facility has been awarded Sikorsky Special Process Approvals as a Group 2 Supplier. This approval allows the Charleston facility to manufacture Sikorsky composite part details and assemblies. These composite structures are now shipping to Sikorsky. We are very excited about this Supplier Approval Award as it significantly expands the capacity and capability of our Aerostructures Division. This combines the assets of our Berlin, CT and our Charleston, SC facility in support of Sikorsky, said Kenneth P. Rusterholz, President and CEO. We continue to expand our support of complex composite structures and assemblies to our customers through innovative solutions and exemplary customer service. TIGHITCOs Aerostructures Division capabilities include advanced composite structures, metal bonded structures, composite fabrication, major and complex composite assemblies along with the internal NDI, laboratory testing, tooling, prime and paint applications and design support. About TIGHITCO Inc.: TIGHITCO is an industry leader in the design, fabrication and assembly of engineered components for aerospace and industrial applications. We focus on creative thinking to drive viable solutions for our customers technical challenges. TIGHITCO is comprised of three divisions in the U.S. and Mexico: Aerostructures, Insulation Products and Overhaul Support Services. www.tighitco.com.
edtsum7911
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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)-- 29 September 2020 Next Fifteen Communications Group plc Interim results for the six months ended 31 July 2020 Next Fifteen Communications Group plc (Next 15 or the Group), the digital communications group, today announces its interim results for the six months ended 31 July 2020. Financial results for the six months to 31 July 2020 (unaudited) Six months ended 31 July 2020 m Six months ended 31 July 2019 m Growth in results Adjusted results Net revenue 126.2 118.7 6% Operating profit after interest on financial lease liabilities 21.2 17.5 21% Operating profit margin 16.8% 14.7% Profit before tax 20.7 17.2 20% Diluted EPS (p) 17.4p 15.2p 14% Statutory results Revenue 153.1 145.2 Operating (loss)/profit (0.4) 7.6 (Loss)/profit before tax (3.4) 2.8 Net cash inflow from operating activities 31.5 19.3 Diluted EPS (p) (3.6)p 1.8p Adjusted results have been presented to provide additional information that may be useful to shareholders through facilitating comparability with industry peers. Adjusted results are reconciled to statutory results within notes 2 and 3. H1 Highlights Current trading and outlook Commenting on the results, Chairman of Next 15, Richard Eyre said: Robust actions have been taken to secure current performance as well as build for the long-term. Safeguarding our people and maintaining our service quality have been the Boards priority, but we also tasked ourselves to emerge from the crisis better than we entered it. This has resulted in new software products for our customers, increased usage of data driven products and a reduction of the groups property portfolio as the Group shifts to a new working model. The groups strategic direction toward marketing technology is seeing success and our newest target, to build a substantial innovation-consulting division has been kick-started by the acquisition of Mach49. Taking all of the above into account, we are confident of modestly exceeding market expectations for the year. N15 will host an analyst and investor webcast at 13.00 today, Tuesday 29 September 2020. The registration link can be found here: https://numiscorp.zoom.us/meeting/register/tJUkcOugqjIjGNOoi0DBJx85EMhZDYcN6JHy For further information contact: Next Fifteen Communications Group plc Tim Dyson, Chief Executive Officer +1 415 350 2801 Peter Harris, Chief Financial Officer +44 (0) 20 7908 6444 Numis Mark Lander, Hugo Rubinstein, Nick Westlake +44 (0)20 7260 1000 Berenberg Ben Wright, Mark Whitmore, Arnav Kapoor +44 (0)20 3207 7800 Notes: Net revenue Net revenue is calculated as revenue less direct costs as shown on the Consolidated Income Statement. Organic revenue growth Organic revenue growth is defined as the net revenue growth at constant currency excluding the impact of acquisitions and disposals in the last 12 months. Adjusted operating profit margin Adjusted operating profit margin is calculated based on the adjusted operating profit after interest on finance lease liabilities as a percentage of net revenue. This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation. Chairman and Chief Executives Statement Next 15, the digital communications group, is pleased to report its interim results for the six months ended 31 July 2020. During the period the Groups net revenues increased by 6% to 126.2m (2019: 118.7m), despite the challenging macro-economic backdrop, while adjusted profit before tax increased by 20% to 20.7m (2019: 17.2m). The positive revenue performance aided by tight control of our cost base resulted in the Groups adjusted operating margin increasing to 16.8% from 14.7% in the prior period. Diluted adjusted EPS increased by 14% to 17.4p and the strong management of our working capital resulted in our net debt remaining very modest at 5.0m. Against a sector backdrop of double-digit declines in revenues, the Group saw a more modest organic net revenue decline of 6.6% for the six months. We believe this resilient performance to the Covid-19 related disruption of economic activity is attributable to the high share (approximately 55%) of the Groups revenue generated from Tech businesses. Our B2B agencies such as Agent3 and Activate particularly benefitted from clients focus on short-term revenue generation at the expense of long-term brand building and the fall-off in the live events industry. Our B2C agencies suffered from immediate Covid-related client deferrals but we are seeing encouraging signs of a recovery of revenue in this area. During the pandemic, the Group has reviewed its property portfolio in the wake of the significant movement to a more flexible working environment. We have determined that approximately a third of our real estate in London, New York and San Francisco, approximately 100,000 sq ft, is now surplus to requirements and we are actively marketing the space. Accordingly, we have taken an impairment of 10.9m as at 31 July 2020 against the carrying value of our right-of-use property assets. This will, in time, yield significant on-going improvements to profitability, estimated to be 2.8m annually, and 1.5m for FY21. Primarily as a result of this charge, the Group reported a statutory operating loss of 0.4m compared with 7.6m profit in the prior period, while reported diluted earnings per share were (3.6)p compared with 1.8p in the prior period. The Group has continued to grow its portfolio of businesses. In July, the Group acquired CRE, a web optimisation agency and in August Mach49, the Silicon Valley-based growth incubator for global businesses which becomes a cornerstone of our previously announced plan to create a $100m revenue innovation business. Mach49 which has annual revenues of approximately $13m, currently has offices in Silicon Valley, Boston, London and Singapore serving Global 1000 clients such as Schneider Electric, Pernod Ricard, TDK, Stanley Black and Decker and many others. CRE has annual net revenues of approximately 3.6m and current and previous clients include Facebook, Google and Jamf. The Board is aware of the importance of payment of dividends for shareholders and expects to resume payments with a dividend for the year ended January 2021, paid following the AGM in early summer 2021. Segment adjusted performance Brand Marketing 000 Data and Analytics 000 Creative Technology 000 Head Office 000 Total 000 6 months ended 31 July 2020 Net revenue 69,297 23,897 32,964 - 126,158 Adjusted operating profit after interest on finance lease liabilities 15,863 5,965 4,158 (4,814) 21,172 Adjusted operating profit margin 22.9% 25.0% 12.6% - 16.8% Organic revenue growth (7.9%) 3.6% (9.5%) - (6.6%) 6 months ended 31 July 2019 Net revenue 63,873 20,869 33,981 - 118,723 Adjusted operating profit after interest on finance lease liabilities 13,080 5,734 3,278 (4,592) 17,500 Adjusted operating profit margin 20.5% 27.5% 9.6% - 14.7% Our Brand Marketing segment produced a resilient performance with a strong increase in absolute profitability and adjusted operating profit margin, as we reacted quickly to the onset of the pandemic by aligning our cost base to our reduced organic revenue expectations. Our M Booth and M Booth Health agencies saw an initial impact to their revenues, but trading has recovered over the last couple of months as consumer confidence has returned. Outcast, Archetype and Publiteks revenues proved to be more resilient and their swift action on costs resulted in a strong profit and margin performance. We acquired M Booth Health and Nectar in the prior period, which helped the segments overall net revenue increase by 8.5% to 69.3m, with an organic revenue decline of 7.9%. The increase in the adjusted operating margin to 22.9% resulted in the adjusted operating profit increasing by 21.3% to 15.9m. Our Data and Analytics segment has had a mixed performance with an exceptionally strong performance from our lead generation agency Activate, and whilst Savanta and Planning did experience short-term client revenue deferrals on the back of Covid-19 disruption, both agencies are now benefitting from a recovery in confidence from their clients. Overall, the segments net revenue increased by 14.5% to 23.9m, with organic revenue growth of 3.6% and an adjusted operating margin declined to 25%, producing an increase in the adjusted operating profit to 6.0m. Our Creative Technology segment has seen strong performances from our B2B agencies such as Twogether, Velocity and Agent3. Beyond returned to profitability in the period following the actions taken by management, whilst our B2C agencies suffered from reductions in client revenue in large part due to Covid disruption. Overall, the segments net revenue declined by 3.0% to 33.0m, with an organic decline of 9.5%. The adjusted operating margin increased to 12.6% due to swift action on costs and the adjusted operating profit increased to 4.2m. Reconciliation of Adjusted Financial Measures Six months ended 31 July 2020 (Unaudited) Six months ended 31 July 2019 (Unaudited) 000 000 (Loss)/profit before income tax (3,402) 2,848 Unwinding of discount on deferred and contingent consideration and share purchase obligation payable 2,182 1,669 Change in estimate of future contingent consideration and share purchase obligation payable (366) 2,041 Share-based payment charge 189 - Employment-related acquisition payments 1,699 2,781 Restructuring costs 2,052 2,141 Deal costs 178 306 Property impairment 10,910 - Amortisation of acquired intangibles 7,264 5,443 Adjusted profit before income tax 20,706 17,229 Adjusted financial measures are presented to provide additional information that may be useful to shareholders through facilitating comparability with industry peers and to best represent the underlying performance of the business. Adjusted results are reconciled to statutory results within note 2 and 3. We had a net credit of 0.4m in relation to our estimate of future contingent consideration. As a Group, we are moving towards the inclusion of employment conditions for certain acquisition-related payments. As a result, we are required to build up a provision relating to these payments over time and therefore this has led to an accounting charge of 1.7m (2019: 2.8m). As mentioned earlier, we have conducted a full review of our property requirements in light of the general move to a working from home culture going forward and we have determined that we have a significant amount of surplus property in London, New York and San Francisco. The leases have typically got three to four years left and we have therefore made an impairment of 10.9m against the carrying value of the right-of-use assets and leasehold improvements, which takes account of our assessment of the likely financial recovery against these surplus properties. We incurred 2.1m of restructuring costs in relation to a restructuring of our cost base pursuant to the pandemic. We incurred 0.2m of deal costs in relation to acquisitions, and the amortisation of acquired intangibles was 7.3m in the period. Cashflow The Group delivered an excellent cashflow performance with the net cash inflow from operating activities increasing to 31.5m from 19.3m in the prior period. This resulted in our net debt being only 5.0m as at 31 July 2020. Post Covid-19 We see opportunities for the Group to use our healthy balance sheet to increase the pace of acquisitions while maintaining low gearing; using growth in innovation consulting to drive growth across the Group; and to invest in internally developed software product solutions to our customers challenges. We believe that being a purpose-driven organisation matters, and this is the time to make meaningful improvements to the business. We are investing in DE&I and targeting a reduction in our carbon footprint. We believe an internal focus on ESG initiatives is crucial to excellent client delivery and attracting the best talent. Dividend The Board is aware of the importance of payment of dividends for shareholders and expects to resume payments with a dividend for the year ended January 2021, paid following the AGM in early summer 2021. Current Trading and Outlook Whilst the group remains cautiously optimistic about trading as we enter the second half of our financial year in what is still a highly uncertain general economic environment, the continued good performance across the business and the property related savings give us confidence of modestly exceeding market expectations for the year. We will continue to tightly manage our cost base and conserve cash. The group is highly cash generative and has a strong balance sheet, with net debt as at 24th September of 2.4m. NEXT FIFTEEN COMMUNICATIONS GROUP PLC CONSOLIDATED INCOME STATEMENT FOR THE SIX MONTH PERIOD ENDED 31 July 2020 Six months ended 31 July 2020 (Unaudited) Six months ended 31 July 2019 (Unaudited) 12 months ended 31 January 2020 (Audited) Note 000 000 000 Billings 159,973 156,477 325,353 Revenue 153,100 145,192 300,711 Direct costs (26,942) (26,469) (52,242) Net revenue 2 126,158 118,723 248,469 Staff costs 88,836 83,693 171,180 Depreciation 6,618 6,302 13,196 Amortisation 7,960 5,915 13,211 Other operating charges 23,108 15,181 31,469 Total operating charges (126,522) (111,091) (229,056) Operating (loss)/profit 2 (364) 7,632 19,413 Finance expense 6 (4,985) (5,569) (16,672) Finance income 7 1,888 698 2,611 Share of profit from associate 59 87 204 (Loss)/profit before income tax 3 (3,402) 2,848 5,556 Income tax expense 4 408 (1,273) (2,717) (Loss)/profit for the period (2,994) 1,575 2,839 Attributable to: Owners of the parent (3,330) 1,317 2,262 Non-controlling interests 336 258 577 (2,994) 1,575 2,839 Earnings per share Basic (pence) 8 (3.8) 1.9 2.7 Diluted (pence) 8 (3.6) 1.8 2.5 NEXT FIFTEEN COMMUNICATIONS GROUP PLC CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED 31 July 2020 Six months ended 31 July 2020 (Unaudited) Six months ended 31 July 2019 (Unaudited) 12 months ended 31 January 2020 (Audited) 000 000 000 (Loss)/profit for the period (2,994) 1,575 2,839 Other comprehensive income / (expense): Items that may be reclassified into profit or loss Exchange differences on translating foreign operations 473 3,568 (136) Net investment hedge - (372) (411) 473 3,196 (547) Items that will not be reclassified subsequently to profit or loss Revaluation of investments 5 (335) (562) Total other comprehensive income / (expense) for the period 478 2,861 (1,109) Total comprehensive (expense)/income for the period (2,516) 4,436 1,730 Attributable to: Owners of the parent (2,852) 4,178 1,153 Non-controlling interests 336 258 577 (2,516) 4,436 1,730 NEXT FIFTEEN COMMUNICATIONS GROUP PLC ADJUSTED RESULTS: KEY PERFORMANCE INDICATORS Six months ended 31 July 2020 (Unaudited) 000 Six months ended 31 July 2019 (Unaudited) 000 Net revenue 126,158 118,723 Total operating charges (96,916) (93,646) Depreciation and amortisation (7,314) (6,774) Operating profit 21,928 18,303 Interest on finance lease liabilities (756) (803) Operating profit after interest on finance lease liabilities 21,172 17,500 Operating profit margin 16.8% 14.7% Net finance expense excluding interest on finance lease liabilities (525) (358) Share of profits of associate 59 87 Profit before income tax 20,706 17,229 Tax (4,141) (3,446) Retained profit 16,565 13,783 Weighted average number of ordinary shares 88,542,197 84,480,836 Diluted weighted average number of ordinary shares 93,197,615 89,070,220 Adjusted earnings per share 18.3p 16.0p Diluted adjusted earnings per share 17.4p 15.2p Cash inflow from operating activities 31,536 19,340 Cash outflow on acquisition related payments (18,350) (4,673) Net debt 4,993 3,552 Dividend (per share) - 2.5p NEXT FIFTEEN COMMUNICATIONS GROUP PLC CONSOLIDATED BALANCE SHEET AS AT 31 July 2020 31 July 2020 (Unaudited) 31 July 2019 (Unaudited) 31 January 2020 (Audited) Note 000 000 000 Assets Property, plant and equipment 10,048 16,002 14,224 Right-of-use assets 27,623 42,341 41,655 Intangible assets 157,332 132,274 155,408 Investment in equity-accounted associate 123 131 232 Investments in financial assets 1,080 1,308 1,075 Deferred tax asset 15,233 11,391 10,967 Other receivables 590 863 809 Total non-current assets 212,029 204,310 224,370 Trade and other receivables 68,634 76,642 70,260 Cash and cash equivalents 9 30,191 21,268 28,661 Corporation tax asset 1,943 1,195 734 Total current assets 100,768 99,105 99,655 Total assets 312,797 303,415 324,025 Liabilities Loans and borrowings 9 30,184 19,820 33,007 Deferred tax liabilities 4,932 3,877 3,538 Lease liabilities 35,147 46,223 43,023 Other payables 1,193 18 16 Provisions 3,949 3,867 4,942 Contingent consideration 10 20,615 18,622 26,815 Share purchase obligation 10 1,670 133 2,098 Total non-current liabilities 97,690 92,560 113,439 Loans and borrowings 9 5,000 5,000 5,000 Trade and other payables 66,988 66,454 59,620 Lease liabilities 11,038 8,938 11,210 Provisions 2,700 327 1,522 Corporation tax liability 2,510 2,197 1,173 Deferred consideration 10 1,424 2,994 2,715 Contingent consideration 10 8,666 12,757 15,366 Share purchase obligation 10 1,263 1,328 1,269 Total current liabilities 99,589 99,995 97,875 Total liabilities 197,279 192,555 211,314 TOTAL NET ASSETS 115,518 110,860 112,711 Equity Share capital 2,265 2,130 2,163 Share premium reserve 90,838 68,956 76,019 Foreign currency translation reserve 8,034 11,265 7,561 Other reserves (2,065) (2,026) (2,065) Retained earnings 16,890 31,229 29,618 Total equity attributable to owners of the parent 115,962 111,554 113,296 Non-controlling interests (444) (694) (585) TOTAL EQUITY 115,518 110,860 112,711 NEXT FIFTEEN COMMUNICATIONS GROUP PLC CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE SIX MONTH PERIOD ENDED 31 July 2020 Share capital Share premium reserve Foreign currency translation reserve Other reserves1 Retained earnings Equity attributable to owners of the Company Non- controlling interests Total equity 000 000 000 000 000 000 000 000 At 31 January 2019 (audited) 2,089 62,993 7,697 (1,654) 41,404 112,529 (1,076) 111,453 Change in accounting policy (IFRS 16) 2 - - - - (1,794) (1,794) - (1,794) Deferred tax on accounting policy change (IFRS 16) - - - - 400 400 - 400 At 1 February 2019 as restated 2,089 62,993 7,697 (1,654) 40,010 111,135 (1,076) 110,059 Profit for the period - - - - 1,317 1,317 258 1,575 Other comprehensive income / (expense) for the period - - 3,568 (372) (335) 2,861 - 2,861 Total comprehensive income / (expense) for the period - - 3,568 (372) 982 4,178 258 4,436 Shares issued on satisfaction of vested share options 36 4,829 - - (4,865) - - - Shares issued on acquisitions 5 1,134 - - - 1,139 - 1,139 Movement in relation to share-based payments - - - - 437 437 - 437 Dividends to owners of the parent - - - - (4,595) (4,595) - (4,595) Movement on reserves for non-controlling interests - - - - (740) (740) 740 - Non-controlling interest purchased in the period - - - - - - - - Non-controlling interest dividend - - - - - - (616) (616) At 31 July 2019 (unaudited) 2,130 68,956 11,265 (2,026) 31,229 111,554 (694) 110,860 Profit for the period - - - - 945 945 319 1,264 Other comprehensive expense for the period - - (3,704) (39) (227) (3,970) - (3,970) Total comprehensive income / (expense) for the period - - (3,704) (39) 718 (3,025) 319 (2,706) Shares issued on satisfaction of vested share options 2 559 - - (561) - - - Shares issued on acquisitions 31 6,504 - - - 6,535 - 6,535 Movement in relation to share-based payments - - - - 330 330 - 330 Dividends to owners of the parent - - - - (2,164) (2,164) - (2,164) Movement on reserves for non-controlling interests - - - - 66 66 (66) - Non-controlling interest dividend - - - - - - (144) (144) At 31 January 2020 (audited) 2,163 76,019 7,561 (2,065) 29,618 113,296 (585) 112,711 Profit for the period - - - - (3,330) (3,330) 336 (2,994) Other comprehensive income for the period - - 473 - 5 478 - 478 Total comprehensive income / (expense) for the period - - 473 - (3,325) (2,852) 336 (2,516) Shares issued on satisfaction of vested share options 64 9,253 - - (9,317) - - - Shares issued on acquisitions 38 5,566 - - - 5,604 - 5,604 Obligation to purchase non-controlling interest - - - - - - - - Movement in relation to share-based payments - - - - 273 273 - 273 Dividends to owners of the parent - - - - - - - - Movement on reserves for non-controlling interests - - - - (359) (359) 359 - Non-controlling interest purchased in the period - - - - - - - - Non-controlling interest dividend - - - - - - (554) (554) At 31 July 2020 (unaudited) 2,265 90,838 8,034 (2,065) 16,890 115,962 (444) 115,518 1 Other reserves include ESOP reserve, hedging reserve, share purchase reserve and merger reserve. NEXT FIFTEEN COMMUNICATIONS GROUP PLC CONSOLIDATED STATEMENT OF CASH FLOW FOR THE SIX MONTH PERIOD ENDED 31 July 2020 Six months ended 31 July 2020 (Unaudited) Six months ended 31 July 2019 (Unaudited) Twelve months ended 31 January 2020 (Audited) 000 000 000 Cash flows from operating activities (Loss)/profit for the period (2,994) 1,575 2,839 Adjustments for: Depreciation 6,618 6,302 13,196 Amortisation 7,960 5,915 13,211 Finance expense 4,985 5,569 16,672 Finance income (1,888) (698) (2,611) Share of profit from equity accounted associate (59) (87) (204) Impairment of RoU assets 7,664 - - Loss on sale/impairment of property, plant and equipment 5,753 659 1,360 (Gain)/Loss on exit of finance lease (2,327) - 14 Income tax expense (408) 1,273 2,717 Share-based payment charge 502 161 600 Net cash inflow from operating activities before changes in working capital 25,806 20,669 47,794 Change in trade and other receivables 1,607 (5,680) 1,971 Change in trade and other payables 6,962 6,279 (1,950) Change in other liabilities 175 1,080 1,686 8,744 1,679 1,707 Net cash generated from operations before tax and interest outflows 34,550 22,348 49,501 Income taxes paid (3,014) (3,008) (5,993) Net cash inflow from operating activities 31,536 19,340 43,508 Cash flows from investing activities Acquisition of subsidiaries and trade and assets, net of cash acquired (4,237) (1,333) (18,501) Payment of contingent and deferred consideration (14,113) (3,290) (5,622) Purchase of investment - (50) (50) Acquisition of property, plant and equipment (1,028) (1,841) (3,460) Proceeds on disposal of property, plant and equipment 2 13 23 Proceeds on disposal of subsidiary - 466 466 Acquisition of intangible assets (1,059) (878) (1,831) Net movement in long-term cash deposits 120 (39) (24) Income from finance lease receivables 434 - 547 Interest received 33 56 112 Net cash outflow from investing activities (19,848) (6,896) (28,340) NEXT FIFTEEN COMMUNICATIONS GROUP PLC CONSOLIDATED STATEMENT OF CASH FLOW (Continued) FOR THE SIX MONTH PERIOD ENDED 31 July 2020 Six months ended 31 July 2020 (Unaudited) Six months ended 31 July 2019 (Unaudited) Twelve months ended 31 January 2020 (Audited) 000 000 000 Cash flows from financing activities Repayment of lease liabilities (6,235) (5,337) (11,367) Net movement in bank borrowings (3,000) (1,311) 13,039 Interest on borrowings paid (578) (414) (979) Dividend and profit share paid to non-controlling interest partners (554) (616) (760) Dividends paid to shareholders of the parent - (4,595) (6,759) Net cash outflow from financing activities (10,367) (12,273) (6,826) Net increase in cash and cash equivalents 1,321 171 8,342 Cash and cash equivalents at beginning of the period 28,661 20,501 20,501 Exchange gains on cash held 209 596 (182) Cash and cash equivalents at end of the period 30,191 21,268 28,661 NOTES TO THE INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 July 20120 1)BASIS OF PREPARATION The unaudited consolidated interim financial statements represent a condensed set of financial information and have been prepared using the recognition and measurement principles of International Accounting Standards, and in accordance with IAS 34, Interim Financial Reporting. The principal accounting policies used in preparing the results are those the Group has applied in its financial statements for the year ended 31 January 2020. The comparative financial information for the year ended 31 January 2020 has been derived from the audited statutory financial statements for that period. A copy of those statutory financial statements has been delivered to the Registrar of Companies. The auditors report on those accounts was unqualified, did not include references to any matters to which the auditors drew attention by way of emphasis without qualifying their report and did not contain a statement under section 498(2)-(3) of the Companies Act 2006. 2)SEGMENT INFORMATION Measurement of operating segment profit The Board of Directors assesses the performance of the operating segments based on a measure of adjusted operating profit before intercompany recharges, which reflects the internal reporting measure used by the Board of Directors. This measurement basis excludes the effects of certain acquisition-related costs and goodwill impairment charges. Other information provided to them is measured in a manner consistent with that in the financial statements. Head office costs relate to group costs before allocation of intercompany charges to the operating segments. Intersegment transactions have not been separately disclosed as they are not material. The Board of Directors does not review the assets and liabilities of the Group on a segmental basis and therefore this is not separately disclosed. UK Europe and Africa US Asia Pacific Head Office Total 000 000 000 000 000 000 Six months ended 31 July 2020 (Unaudited) Net revenue 46,773 4,228 68,657 6,500 - 126,158 Adjusted operating profit / (loss) 9,063 882 15,385 1,181 (4,583) 21,928 Adjusted operating profit / (loss) after interest on finance lease liabilities 8,955 868 15,011 1,152 (4,814) 21,172 Adjusted operating profit margin1 19.1% 20.5% 21.9% 17.7% - 16.8% Organic revenue growth (11.9%) (3.3%) (2.6%) (6.2%) - (6.6%) Six months ended 31 July 2019 (Unaudited) Net revenue 47,974 4,332 59,361 7,056 - 118,723 Adjusted operating profit / (loss) 9,466 763 11,541 866 (4,333) 18,303 Adjusted operating profit / (loss) after interest on finance lease liabilities 9,324 747 11,188 833 (4,592) 17,500 Adjusted operating profit margin1 19.4% 17.2% 18.8% 11.8% - 14.7% Organic revenue growth 4.6% (0.6%) (6.0%) 2.1% - (1.3%) Twelve months ended 31 January 2020 (Audited) Net revenue 97,377 8,820 127,563 14,709 - 248,469 Adjusted operating profit / (loss) 20,366 1,619 27,155 2,367 (9,051) 42,456 Adjusted operating profit / (loss) after interest on finance lease liabilities 20,094 1,587 26,421 2,299 (9,541) 40,860 Adjusted operating profit margin1 20.6% 18.0% 20.7% 15.6% - 16.4% Organic revenue growth 0.3% 0.4% (4.6%) 4.8% - (2.0%) 1 Adjusted operating profit margin is calculated based on the operating profit after interest on finance lease liabilities as a percentage of net revenue. NOTES TO THE INTERIM RESULTS (Continued) FOR THE SIX MONTHS ENDED 31 July 2020 2) SEGMENT INFORMATION (continued) Brand marketing Data and analytics Creative technology Head Office Total 000 000 000 000 000 Six months ended 31 July 2020 (Unaudited) Net revenue 69,297 23,897 32,964 - 126,158 Adjusted operating profit / (loss) 16,252 5,975 4,284 (4,583) 21,928 Adjusted operating profit / (loss) after interest on finance lease liabilities1 15,863 5,965 4,158 (4,814) 21,172 Adjusted operating profit margin1 22.9% 25.0% 12.6% - 16.8% Organic net revenue growth (7.9%) 3.6% (9.5%) - (6.6%) Six months ended 31 July 2019 (Unaudited) Net revenue 63,873 20,869 33,981 - 118,723 Adjusted operating profit / (loss) 13,478 5,744 3,414 (4,333) 18,303 Adjusted operating profit / (loss) after interest on finance lease liabilities1 13,080 5,734 3,278 (4,592) 17,500 Adjusted operating profit margin1 20.5% 27.5% 9.6% - 14.7% Organic net revenue growth (4.9%) 21.4% (1.1%) - (1.3%) Year ended 31 January 2020 (Audited) Net revenue 135,036 45,054 68,379 - 248,469 Adjusted operating profit / (loss) 30,750 12,722 8,035 (9,051) 42,456 Adjusted operating profit / (loss) after interest on finance lease liabilities1 29,930 12,697 7,774 (9,541) 40,860 Adjusted operating profit margin1 22.2% 28.2% 11.4% - 16.4% Organic net revenue growth (5.7%) 19.3% (2.1%) - (2.0%) 1 Adjusted operating profit margin is calculated based on the operating profit after interest on finance lease liabilities as a percentage of net revenue. A reconciliation of segment adjusted operating profit to operating profit is provided as follows: Six months ended 31 July 2020 (Unaudited) Six months ended 31 July 2019 (Unaudited) Twelve months ended 31 January 2020 (Audited) 000 000 000 Segment adjusted operating profit after interest on finance lease liabilities 21,172 17,500 40,860 Interest on finance lease liabilities 756 803 1,596 Segment adjusted operating profit 21,928 18,303 42,456 Amortisation of acquired intangibles (note 3) (7,264) (5,443) (12,099) Share-based payment charge (note 3) (189) - (374) Employment-related acquisition payments (note 3) (1,699) (2,781) (5,029) Restructuring costs (note 3) (2,052) (2,141) (4,596) Property impairment (note 3) (10,910) - - Deal costs (note 3) (178) (306) (945) Operating (loss)/profit (364) 7,632 19,413 NOTES TO THE INTERIM RESULTS (Continued) FOR THE SIX MONTHS ENDED 31 July 2020 3)RECONCILIATION OF ADJUSTED FINANCIAL MEASURES Six months ended 31 July 2020 (Unaudited) Six months ended 31 July 2019 (Unaudited) Twelve months ended 31 January 2020 (Audited) 000 000 000 (Loss)/profit before income tax (3,402) 2,848 5,556 Unwinding of discount on deferred and contingent consideration and share purchase obligation payable1 2,182 1,669 3,552 Change in estimate of future contingent consideration and share purchase obligation payable1 (366) 2,041 8,086 Share-based payment charge2 189 - 374 Employment-related acquisition payments3 1,699 2,781 5,029 Restructuring costs4 2,052 2,141 4,596 Deal costs5 178 306 945 Property impairment 6 10,910 - - Amortisation of acquired intangibles7 7,264 5,443 12,099 Adjusted profit before income tax 20,706 17,229 40,237 Adjusted profit before income tax has been presented to provide additional information which may be useful to the reader, and it is a measure of performance used in the calculation of the adjusted earnings per share. This measure is considered to best represent the underlying performance of the business and so it is used for the vesting of employee performance shares. The adjusting items are consistent with those in the prior period. 1 The Group adjusts for the remeasurement of the acquisition-related liabilities within the adjusted performance measures in order to aid comparability of the Groups results year on year as the charge/credit from remeasurement can vary significantly depending on the underlying brands performance. It is non-cash and its directional impact to the income statement is opposite to the brands performance driving the valuations. The unwinding of discount on these liabilities is also excluded from underlying performance on the basis that it is non-cash and the balance is driven by the Groups assessment of the time value of money and this exclusion ensures comparability. 2 This charge relates to transactions whereby a restricted grant of brand equity was given to key management in Savanta Group Limited. (2019: M Booth & Associates LLC) at nil cost which holds value in the form of access to future profit distributions as well as any future sale value under the performance-related mechanism set out in the share sale agreement. This value is recognised as a one-off share-based payment in the income statement in the year of grant as the agreements do not include service requirements, thus the cost accounting is not aligned with the timing of the anticipated benefit of the incentive, namely the growth of the relevant brands. 3 This charge relates to payments linked to the continuing employment of the sellers which is being recognised over the required period of employment. Although these costs are not exceptional or non-recurring, the Group determined they should be excluded from the underlying performance as the costs solely relate to acquiring the sellers business. 4 In the current period the Group has incurred restructuring costs which primarily relates to Covid-19 redundancy costs taken in the period in response to the pandemic. These costs relate to these specific transformational events; they do not relate to underlying trading and therefore have been added back to aid comparability of performance year on year. 5 This charge relates to third party professional fees incurred during acquisitions. 6 In the current period the Group has recognised charges relating to the reorganisation of the property space across the Group. The majority of the charge is impairment of right-of-use assets and leasehold improvements. As a result of Covid-19, the Group has identified excess property space within the portfolio and therefore taken an impairment charge relating to those offices. The Group has adjusted for this cost, as the additional one-off impairment charge does not relate to the underlying trading of the business and therefore added back to aid comparability. 7 In line with its peer group, the Group adds back amortisation of acquired intangibles. Judgement is applied in the allocation of the purchase price between intangibles and goodwill, and in determining the useful economic lives of the acquired intangibles. The judgements made by the Group are inevitably different to those made by our peers and as such amortisation of acquired intangibles been added back to aid comparability. 4) TAXATION The tax charge for the six months ended 31 July 2020 is based on the Groups estimated effective tax rate for the year ending 31 January 2021 (20%). NOTES TO THE INTERIM RESULTS (Continued) FOR THE SIX MONTHS ENDED 31 July 2020 5) DIVIDENDS Given the macroeconomic backdrop due to Covid-19, the Group has decided to suspend the interim dividend, although it expects to resume payments with a dividend for the year ended January 2021, paid following the AGM in early summer 2021. For the six months ended 31 July 2019, an interim dividend of 2.5p per ordinary share was paid. 6) FINANCE EXPENSE Six months ended 31 July 2020 (Unaudited) Six months ended 31 July 2019 (Unaudited) Twelve months ended 31 January 2020 (Audited) 000 000 000 Financial liabilities at amortised cost Bank interest payable 575 411 977 Interest on finance lease liabilities 756 803 1,596 Financial liabilities at fair value through profit and loss Unwinding of discount on future deferred and contingent consideration and share purchase obligation payable1 2,182 1,669 3,552 Change in estimate of future contingent consideration and share purchase obligation payable1 1,470 2,683 10,545 Other Other interest payable 2 3 2 Finance expense 4,985 5,569 16,672 1 These items are adjusted for in calculating the adjusted net finance expense. 7) FINANCE INCOME Six months ended 31 July 2020 (Unaudited) Six months ended 31 July 2019 (Unaudited) Twelve months ended 31 January 202 (Audited) 000 000 000 Financial assets at amortised cost Bank interest receivable 19 20 99 Finance lease interest receivable 20 24 40 Financial assets at fair value through profit and loss Change in estimate of future contingent consideration and share purchase obligation payable1 1,836 642 2,459 Other interest receivable 13 12 13 Finance income 1,888 698 2,611 1 These items are adjusted for in calculating the adjusted net finance expense. NOTES TO THE INTERIM RESULTS (Continued) FOR THE SIX MONTHS ENDED 31 July 2020 8)EARNINGS PER SHARE Six months ended 31 July 2020 (Unaudited) Six months ended 31 July 2019 (Unaudited) Twelve months ended 31 January 2020 (Audited) 000 000 000 Earnings attributable to ordinary shareholders (3,330) 1,575 2,262 Unwinding of discount on future deferred and contingent consideration and share purchase obligation payable 1,848 1,468 3,138 Change in estimate of future contingent consideration and share purchase obligation payable (612) 1,554 6,395 Share-based payment charge 189 2,781 572 Restructuring costs 1,884 1,757 3,746 Property impairment 8,670 - - Employment-related acquisition payments 1,682 - 5,010 Amortisation of acquired intangibles 5,720 4,342 9,607 Deal costs 178 306 882 Adjusted earnings attributable to ordinary shareholders 16,229 13,525 31,612 Number Number Number Weighted average number of ordinary shares 88,542,197 84,480,836 85,284,663 Dilutive LTIP shares 609,071 777,184 755,018 Dilutive Growth Deal shares 1,711,629 2,415,165 2,983,371 Other potentially issuable shares 2,334,718 1,397,035 1,913,430 Diluted weighted average number of ordinary shares 93,197,615 89,070,220 90,936,482 Basic earnings per share (3.8)p 1.9p 2.7p Diluted earnings per share (3.6)p 1.8p 2.5p Adjusted earnings per share 18.3p 16.0p 37.1p Diluted adjusted earnings per share 17.4p 15.2p 34.8p Adjusted and diluted adjusted earnings per share have been presented to provide additional information which may be useful to shareholders through facilitating comparability with industry peers. The adjusted earnings per share is the performance measure used for the vesting of employee performance shares. The only difference between the adjusting items in this note and the figures in note 3 is the tax effect of those adjusting items. NOTES TO THE INTERIM RESULTS (Continued) FOR THE SIX MONTHS ENDED 31 July 2020 9)NET DEBT The HSBC Bank revolving credit facility of 40m expires in 2022 and therefore the outstanding balance has been classified in non-current borrowings. The 20m loan drawn from HSBC is repayable in annual instalments and is classified in non-current borrowings with the exception of the instalment due in less than one year. 31 July 2020 (Unaudited) 31 July 2019 (Unaudited) 31 January 2020 (Audited) 000 000 000 Total loans and borrowings 35,184 24,820 38,007 Less: cash and cash equivalents (30,191) (21,268) (28,661) Net debt 4,993 3,552 9,346 Share purchase obligation 2,933 1,461 3,367 Contingent consideration 29,281 31,379 42,181 Deferred consideration 1,424 2,994 2,715 38,631 39,386 57,609 10) OTHER FINANCIAL LIABILITIES Deferred consideration Contingent consideration Share purchase obligation 000 000 000 At 31 January 2019 (Audited) 4,646 24,712 1,736 Arising during the period 350 4,194 - Change in estimate - 2,038 3 Exchange differences - 1,069 103 Utilised (2,205) (2,028) (453) Unwinding of discount 203 1,394 72 At 31 July 2019 (Unaudited) 2,994 31,379 1,461 Arising during the period - 10,251 - Change in estimate - 4,129 1,916 Exchange differences - (1,795) (96) Utilised (462) (3,397) - Unwinding of discount 183 1,614 86 At 31 January 2020 (Audited) 2,715 42,181 3,367 Arising during the period - 417 - Reclassification 2,405 (2,405) - Change in estimate - 258 (624) Exchange differences - 3 7 Utilised (3,811) (13,057) - Unwinding of discount 115 1,884 183 At 31 July 2020 (Unaudited) 1,424 29,281 2,933 Current 1,424 8,666 1,263 Non-current - 20,615 1,670 NOTES TO THE INTERIM RESULTS (Continued) FOR THE SIX MONTHS ENDED 31 July 2020 11)EVENTS AFTER THE BALANCE SHEET DATE On 1 September 2020 Next 15 purchased the entire issued share capital of Mach49, the Silicon Valley-based growth incubator for global businesses. This signals an important strategic move, as Mach49 will become the cornerstone of the previously announced plan to create a $100m revenue innovation business to work alongside our market leading data, technology and brand marketing businesses to help global leaders create and execute disruptive growth strategies, shake up existing markets and open new ones. We expect there to be goodwill arising as a result of this acquisition due to the anticipated profitability and operating synergies. Answer:
Half-year Report
LONDON--(BUSINESS WIRE)-- 29 September 2020 Next Fifteen Communications Group plc Interim results for the six months ended 31 July 2020 Next Fifteen Communications Group plc (Next 15 or the Group), the digital communications group, today announces its interim results for the six months ended 31 July 2020. Financial results for the six months to 31 July 2020 (unaudited) Six months ended 31 July 2020 m Six months ended 31 July 2019 m Growth in results Adjusted results Net revenue 126.2 118.7 6% Operating profit after interest on financial lease liabilities 21.2 17.5 21% Operating profit margin 16.8% 14.7% Profit before tax 20.7 17.2 20% Diluted EPS (p) 17.4p 15.2p 14% Statutory results Revenue 153.1 145.2 Operating (loss)/profit (0.4) 7.6 (Loss)/profit before tax (3.4) 2.8 Net cash inflow from operating activities 31.5 19.3 Diluted EPS (p) (3.6)p 1.8p Adjusted results have been presented to provide additional information that may be useful to shareholders through facilitating comparability with industry peers. Adjusted results are reconciled to statutory results within notes 2 and 3. H1 Highlights Current trading and outlook Commenting on the results, Chairman of Next 15, Richard Eyre said: Robust actions have been taken to secure current performance as well as build for the long-term. Safeguarding our people and maintaining our service quality have been the Boards priority, but we also tasked ourselves to emerge from the crisis better than we entered it. This has resulted in new software products for our customers, increased usage of data driven products and a reduction of the groups property portfolio as the Group shifts to a new working model. The groups strategic direction toward marketing technology is seeing success and our newest target, to build a substantial innovation-consulting division has been kick-started by the acquisition of Mach49. Taking all of the above into account, we are confident of modestly exceeding market expectations for the year. N15 will host an analyst and investor webcast at 13.00 today, Tuesday 29 September 2020. The registration link can be found here: https://numiscorp.zoom.us/meeting/register/tJUkcOugqjIjGNOoi0DBJx85EMhZDYcN6JHy For further information contact: Next Fifteen Communications Group plc Tim Dyson, Chief Executive Officer +1 415 350 2801 Peter Harris, Chief Financial Officer +44 (0) 20 7908 6444 Numis Mark Lander, Hugo Rubinstein, Nick Westlake +44 (0)20 7260 1000 Berenberg Ben Wright, Mark Whitmore, Arnav Kapoor +44 (0)20 3207 7800 Notes: Net revenue Net revenue is calculated as revenue less direct costs as shown on the Consolidated Income Statement. Organic revenue growth Organic revenue growth is defined as the net revenue growth at constant currency excluding the impact of acquisitions and disposals in the last 12 months. Adjusted operating profit margin Adjusted operating profit margin is calculated based on the adjusted operating profit after interest on finance lease liabilities as a percentage of net revenue. This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation. Chairman and Chief Executives Statement Next 15, the digital communications group, is pleased to report its interim results for the six months ended 31 July 2020. During the period the Groups net revenues increased by 6% to 126.2m (2019: 118.7m), despite the challenging macro-economic backdrop, while adjusted profit before tax increased by 20% to 20.7m (2019: 17.2m). The positive revenue performance aided by tight control of our cost base resulted in the Groups adjusted operating margin increasing to 16.8% from 14.7% in the prior period. Diluted adjusted EPS increased by 14% to 17.4p and the strong management of our working capital resulted in our net debt remaining very modest at 5.0m. Against a sector backdrop of double-digit declines in revenues, the Group saw a more modest organic net revenue decline of 6.6% for the six months. We believe this resilient performance to the Covid-19 related disruption of economic activity is attributable to the high share (approximately 55%) of the Groups revenue generated from Tech businesses. Our B2B agencies such as Agent3 and Activate particularly benefitted from clients focus on short-term revenue generation at the expense of long-term brand building and the fall-off in the live events industry. Our B2C agencies suffered from immediate Covid-related client deferrals but we are seeing encouraging signs of a recovery of revenue in this area. During the pandemic, the Group has reviewed its property portfolio in the wake of the significant movement to a more flexible working environment. We have determined that approximately a third of our real estate in London, New York and San Francisco, approximately 100,000 sq ft, is now surplus to requirements and we are actively marketing the space. Accordingly, we have taken an impairment of 10.9m as at 31 July 2020 against the carrying value of our right-of-use property assets. This will, in time, yield significant on-going improvements to profitability, estimated to be 2.8m annually, and 1.5m for FY21. Primarily as a result of this charge, the Group reported a statutory operating loss of 0.4m compared with 7.6m profit in the prior period, while reported diluted earnings per share were (3.6)p compared with 1.8p in the prior period. The Group has continued to grow its portfolio of businesses. In July, the Group acquired CRE, a web optimisation agency and in August Mach49, the Silicon Valley-based growth incubator for global businesses which becomes a cornerstone of our previously announced plan to create a $100m revenue innovation business. Mach49 which has annual revenues of approximately $13m, currently has offices in Silicon Valley, Boston, London and Singapore serving Global 1000 clients such as Schneider Electric, Pernod Ricard, TDK, Stanley Black and Decker and many others. CRE has annual net revenues of approximately 3.6m and current and previous clients include Facebook, Google and Jamf. The Board is aware of the importance of payment of dividends for shareholders and expects to resume payments with a dividend for the year ended January 2021, paid following the AGM in early summer 2021. Segment adjusted performance Brand Marketing 000 Data and Analytics 000 Creative Technology 000 Head Office 000 Total 000 6 months ended 31 July 2020 Net revenue 69,297 23,897 32,964 - 126,158 Adjusted operating profit after interest on finance lease liabilities 15,863 5,965 4,158 (4,814) 21,172 Adjusted operating profit margin 22.9% 25.0% 12.6% - 16.8% Organic revenue growth (7.9%) 3.6% (9.5%) - (6.6%) 6 months ended 31 July 2019 Net revenue 63,873 20,869 33,981 - 118,723 Adjusted operating profit after interest on finance lease liabilities 13,080 5,734 3,278 (4,592) 17,500 Adjusted operating profit margin 20.5% 27.5% 9.6% - 14.7% Our Brand Marketing segment produced a resilient performance with a strong increase in absolute profitability and adjusted operating profit margin, as we reacted quickly to the onset of the pandemic by aligning our cost base to our reduced organic revenue expectations. Our M Booth and M Booth Health agencies saw an initial impact to their revenues, but trading has recovered over the last couple of months as consumer confidence has returned. Outcast, Archetype and Publiteks revenues proved to be more resilient and their swift action on costs resulted in a strong profit and margin performance. We acquired M Booth Health and Nectar in the prior period, which helped the segments overall net revenue increase by 8.5% to 69.3m, with an organic revenue decline of 7.9%. The increase in the adjusted operating margin to 22.9% resulted in the adjusted operating profit increasing by 21.3% to 15.9m. Our Data and Analytics segment has had a mixed performance with an exceptionally strong performance from our lead generation agency Activate, and whilst Savanta and Planning did experience short-term client revenue deferrals on the back of Covid-19 disruption, both agencies are now benefitting from a recovery in confidence from their clients. Overall, the segments net revenue increased by 14.5% to 23.9m, with organic revenue growth of 3.6% and an adjusted operating margin declined to 25%, producing an increase in the adjusted operating profit to 6.0m. Our Creative Technology segment has seen strong performances from our B2B agencies such as Twogether, Velocity and Agent3. Beyond returned to profitability in the period following the actions taken by management, whilst our B2C agencies suffered from reductions in client revenue in large part due to Covid disruption. Overall, the segments net revenue declined by 3.0% to 33.0m, with an organic decline of 9.5%. The adjusted operating margin increased to 12.6% due to swift action on costs and the adjusted operating profit increased to 4.2m. Reconciliation of Adjusted Financial Measures Six months ended 31 July 2020 (Unaudited) Six months ended 31 July 2019 (Unaudited) 000 000 (Loss)/profit before income tax (3,402) 2,848 Unwinding of discount on deferred and contingent consideration and share purchase obligation payable 2,182 1,669 Change in estimate of future contingent consideration and share purchase obligation payable (366) 2,041 Share-based payment charge 189 - Employment-related acquisition payments 1,699 2,781 Restructuring costs 2,052 2,141 Deal costs 178 306 Property impairment 10,910 - Amortisation of acquired intangibles 7,264 5,443 Adjusted profit before income tax 20,706 17,229 Adjusted financial measures are presented to provide additional information that may be useful to shareholders through facilitating comparability with industry peers and to best represent the underlying performance of the business. Adjusted results are reconciled to statutory results within note 2 and 3. We had a net credit of 0.4m in relation to our estimate of future contingent consideration. As a Group, we are moving towards the inclusion of employment conditions for certain acquisition-related payments. As a result, we are required to build up a provision relating to these payments over time and therefore this has led to an accounting charge of 1.7m (2019: 2.8m). As mentioned earlier, we have conducted a full review of our property requirements in light of the general move to a working from home culture going forward and we have determined that we have a significant amount of surplus property in London, New York and San Francisco. The leases have typically got three to four years left and we have therefore made an impairment of 10.9m against the carrying value of the right-of-use assets and leasehold improvements, which takes account of our assessment of the likely financial recovery against these surplus properties. We incurred 2.1m of restructuring costs in relation to a restructuring of our cost base pursuant to the pandemic. We incurred 0.2m of deal costs in relation to acquisitions, and the amortisation of acquired intangibles was 7.3m in the period. Cashflow The Group delivered an excellent cashflow performance with the net cash inflow from operating activities increasing to 31.5m from 19.3m in the prior period. This resulted in our net debt being only 5.0m as at 31 July 2020. Post Covid-19 We see opportunities for the Group to use our healthy balance sheet to increase the pace of acquisitions while maintaining low gearing; using growth in innovation consulting to drive growth across the Group; and to invest in internally developed software product solutions to our customers challenges. We believe that being a purpose-driven organisation matters, and this is the time to make meaningful improvements to the business. We are investing in DE&I and targeting a reduction in our carbon footprint. We believe an internal focus on ESG initiatives is crucial to excellent client delivery and attracting the best talent. Dividend The Board is aware of the importance of payment of dividends for shareholders and expects to resume payments with a dividend for the year ended January 2021, paid following the AGM in early summer 2021. Current Trading and Outlook Whilst the group remains cautiously optimistic about trading as we enter the second half of our financial year in what is still a highly uncertain general economic environment, the continued good performance across the business and the property related savings give us confidence of modestly exceeding market expectations for the year. We will continue to tightly manage our cost base and conserve cash. The group is highly cash generative and has a strong balance sheet, with net debt as at 24th September of 2.4m. NEXT FIFTEEN COMMUNICATIONS GROUP PLC CONSOLIDATED INCOME STATEMENT FOR THE SIX MONTH PERIOD ENDED 31 July 2020 Six months ended 31 July 2020 (Unaudited) Six months ended 31 July 2019 (Unaudited) 12 months ended 31 January 2020 (Audited) Note 000 000 000 Billings 159,973 156,477 325,353 Revenue 153,100 145,192 300,711 Direct costs (26,942) (26,469) (52,242) Net revenue 2 126,158 118,723 248,469 Staff costs 88,836 83,693 171,180 Depreciation 6,618 6,302 13,196 Amortisation 7,960 5,915 13,211 Other operating charges 23,108 15,181 31,469 Total operating charges (126,522) (111,091) (229,056) Operating (loss)/profit 2 (364) 7,632 19,413 Finance expense 6 (4,985) (5,569) (16,672) Finance income 7 1,888 698 2,611 Share of profit from associate 59 87 204 (Loss)/profit before income tax 3 (3,402) 2,848 5,556 Income tax expense 4 408 (1,273) (2,717) (Loss)/profit for the period (2,994) 1,575 2,839 Attributable to: Owners of the parent (3,330) 1,317 2,262 Non-controlling interests 336 258 577 (2,994) 1,575 2,839 Earnings per share Basic (pence) 8 (3.8) 1.9 2.7 Diluted (pence) 8 (3.6) 1.8 2.5 NEXT FIFTEEN COMMUNICATIONS GROUP PLC CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED 31 July 2020 Six months ended 31 July 2020 (Unaudited) Six months ended 31 July 2019 (Unaudited) 12 months ended 31 January 2020 (Audited) 000 000 000 (Loss)/profit for the period (2,994) 1,575 2,839 Other comprehensive income / (expense): Items that may be reclassified into profit or loss Exchange differences on translating foreign operations 473 3,568 (136) Net investment hedge - (372) (411) 473 3,196 (547) Items that will not be reclassified subsequently to profit or loss Revaluation of investments 5 (335) (562) Total other comprehensive income / (expense) for the period 478 2,861 (1,109) Total comprehensive (expense)/income for the period (2,516) 4,436 1,730 Attributable to: Owners of the parent (2,852) 4,178 1,153 Non-controlling interests 336 258 577 (2,516) 4,436 1,730 NEXT FIFTEEN COMMUNICATIONS GROUP PLC ADJUSTED RESULTS: KEY PERFORMANCE INDICATORS Six months ended 31 July 2020 (Unaudited) 000 Six months ended 31 July 2019 (Unaudited) 000 Net revenue 126,158 118,723 Total operating charges (96,916) (93,646) Depreciation and amortisation (7,314) (6,774) Operating profit 21,928 18,303 Interest on finance lease liabilities (756) (803) Operating profit after interest on finance lease liabilities 21,172 17,500 Operating profit margin 16.8% 14.7% Net finance expense excluding interest on finance lease liabilities (525) (358) Share of profits of associate 59 87 Profit before income tax 20,706 17,229 Tax (4,141) (3,446) Retained profit 16,565 13,783 Weighted average number of ordinary shares 88,542,197 84,480,836 Diluted weighted average number of ordinary shares 93,197,615 89,070,220 Adjusted earnings per share 18.3p 16.0p Diluted adjusted earnings per share 17.4p 15.2p Cash inflow from operating activities 31,536 19,340 Cash outflow on acquisition related payments (18,350) (4,673) Net debt 4,993 3,552 Dividend (per share) - 2.5p NEXT FIFTEEN COMMUNICATIONS GROUP PLC CONSOLIDATED BALANCE SHEET AS AT 31 July 2020 31 July 2020 (Unaudited) 31 July 2019 (Unaudited) 31 January 2020 (Audited) Note 000 000 000 Assets Property, plant and equipment 10,048 16,002 14,224 Right-of-use assets 27,623 42,341 41,655 Intangible assets 157,332 132,274 155,408 Investment in equity-accounted associate 123 131 232 Investments in financial assets 1,080 1,308 1,075 Deferred tax asset 15,233 11,391 10,967 Other receivables 590 863 809 Total non-current assets 212,029 204,310 224,370 Trade and other receivables 68,634 76,642 70,260 Cash and cash equivalents 9 30,191 21,268 28,661 Corporation tax asset 1,943 1,195 734 Total current assets 100,768 99,105 99,655 Total assets 312,797 303,415 324,025 Liabilities Loans and borrowings 9 30,184 19,820 33,007 Deferred tax liabilities 4,932 3,877 3,538 Lease liabilities 35,147 46,223 43,023 Other payables 1,193 18 16 Provisions 3,949 3,867 4,942 Contingent consideration 10 20,615 18,622 26,815 Share purchase obligation 10 1,670 133 2,098 Total non-current liabilities 97,690 92,560 113,439 Loans and borrowings 9 5,000 5,000 5,000 Trade and other payables 66,988 66,454 59,620 Lease liabilities 11,038 8,938 11,210 Provisions 2,700 327 1,522 Corporation tax liability 2,510 2,197 1,173 Deferred consideration 10 1,424 2,994 2,715 Contingent consideration 10 8,666 12,757 15,366 Share purchase obligation 10 1,263 1,328 1,269 Total current liabilities 99,589 99,995 97,875 Total liabilities 197,279 192,555 211,314 TOTAL NET ASSETS 115,518 110,860 112,711 Equity Share capital 2,265 2,130 2,163 Share premium reserve 90,838 68,956 76,019 Foreign currency translation reserve 8,034 11,265 7,561 Other reserves (2,065) (2,026) (2,065) Retained earnings 16,890 31,229 29,618 Total equity attributable to owners of the parent 115,962 111,554 113,296 Non-controlling interests (444) (694) (585) TOTAL EQUITY 115,518 110,860 112,711 NEXT FIFTEEN COMMUNICATIONS GROUP PLC CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE SIX MONTH PERIOD ENDED 31 July 2020 Share capital Share premium reserve Foreign currency translation reserve Other reserves1 Retained earnings Equity attributable to owners of the Company Non- controlling interests Total equity 000 000 000 000 000 000 000 000 At 31 January 2019 (audited) 2,089 62,993 7,697 (1,654) 41,404 112,529 (1,076) 111,453 Change in accounting policy (IFRS 16) 2 - - - - (1,794) (1,794) - (1,794) Deferred tax on accounting policy change (IFRS 16) - - - - 400 400 - 400 At 1 February 2019 as restated 2,089 62,993 7,697 (1,654) 40,010 111,135 (1,076) 110,059 Profit for the period - - - - 1,317 1,317 258 1,575 Other comprehensive income / (expense) for the period - - 3,568 (372) (335) 2,861 - 2,861 Total comprehensive income / (expense) for the period - - 3,568 (372) 982 4,178 258 4,436 Shares issued on satisfaction of vested share options 36 4,829 - - (4,865) - - - Shares issued on acquisitions 5 1,134 - - - 1,139 - 1,139 Movement in relation to share-based payments - - - - 437 437 - 437 Dividends to owners of the parent - - - - (4,595) (4,595) - (4,595) Movement on reserves for non-controlling interests - - - - (740) (740) 740 - Non-controlling interest purchased in the period - - - - - - - - Non-controlling interest dividend - - - - - - (616) (616) At 31 July 2019 (unaudited) 2,130 68,956 11,265 (2,026) 31,229 111,554 (694) 110,860 Profit for the period - - - - 945 945 319 1,264 Other comprehensive expense for the period - - (3,704) (39) (227) (3,970) - (3,970) Total comprehensive income / (expense) for the period - - (3,704) (39) 718 (3,025) 319 (2,706) Shares issued on satisfaction of vested share options 2 559 - - (561) - - - Shares issued on acquisitions 31 6,504 - - - 6,535 - 6,535 Movement in relation to share-based payments - - - - 330 330 - 330 Dividends to owners of the parent - - - - (2,164) (2,164) - (2,164) Movement on reserves for non-controlling interests - - - - 66 66 (66) - Non-controlling interest dividend - - - - - - (144) (144) At 31 January 2020 (audited) 2,163 76,019 7,561 (2,065) 29,618 113,296 (585) 112,711 Profit for the period - - - - (3,330) (3,330) 336 (2,994) Other comprehensive income for the period - - 473 - 5 478 - 478 Total comprehensive income / (expense) for the period - - 473 - (3,325) (2,852) 336 (2,516) Shares issued on satisfaction of vested share options 64 9,253 - - (9,317) - - - Shares issued on acquisitions 38 5,566 - - - 5,604 - 5,604 Obligation to purchase non-controlling interest - - - - - - - - Movement in relation to share-based payments - - - - 273 273 - 273 Dividends to owners of the parent - - - - - - - - Movement on reserves for non-controlling interests - - - - (359) (359) 359 - Non-controlling interest purchased in the period - - - - - - - - Non-controlling interest dividend - - - - - - (554) (554) At 31 July 2020 (unaudited) 2,265 90,838 8,034 (2,065) 16,890 115,962 (444) 115,518 1 Other reserves include ESOP reserve, hedging reserve, share purchase reserve and merger reserve. NEXT FIFTEEN COMMUNICATIONS GROUP PLC CONSOLIDATED STATEMENT OF CASH FLOW FOR THE SIX MONTH PERIOD ENDED 31 July 2020 Six months ended 31 July 2020 (Unaudited) Six months ended 31 July 2019 (Unaudited) Twelve months ended 31 January 2020 (Audited) 000 000 000 Cash flows from operating activities (Loss)/profit for the period (2,994) 1,575 2,839 Adjustments for: Depreciation 6,618 6,302 13,196 Amortisation 7,960 5,915 13,211 Finance expense 4,985 5,569 16,672 Finance income (1,888) (698) (2,611) Share of profit from equity accounted associate (59) (87) (204) Impairment of RoU assets 7,664 - - Loss on sale/impairment of property, plant and equipment 5,753 659 1,360 (Gain)/Loss on exit of finance lease (2,327) - 14 Income tax expense (408) 1,273 2,717 Share-based payment charge 502 161 600 Net cash inflow from operating activities before changes in working capital 25,806 20,669 47,794 Change in trade and other receivables 1,607 (5,680) 1,971 Change in trade and other payables 6,962 6,279 (1,950) Change in other liabilities 175 1,080 1,686 8,744 1,679 1,707 Net cash generated from operations before tax and interest outflows 34,550 22,348 49,501 Income taxes paid (3,014) (3,008) (5,993) Net cash inflow from operating activities 31,536 19,340 43,508 Cash flows from investing activities Acquisition of subsidiaries and trade and assets, net of cash acquired (4,237) (1,333) (18,501) Payment of contingent and deferred consideration (14,113) (3,290) (5,622) Purchase of investment - (50) (50) Acquisition of property, plant and equipment (1,028) (1,841) (3,460) Proceeds on disposal of property, plant and equipment 2 13 23 Proceeds on disposal of subsidiary - 466 466 Acquisition of intangible assets (1,059) (878) (1,831) Net movement in long-term cash deposits 120 (39) (24) Income from finance lease receivables 434 - 547 Interest received 33 56 112 Net cash outflow from investing activities (19,848) (6,896) (28,340) NEXT FIFTEEN COMMUNICATIONS GROUP PLC CONSOLIDATED STATEMENT OF CASH FLOW (Continued) FOR THE SIX MONTH PERIOD ENDED 31 July 2020 Six months ended 31 July 2020 (Unaudited) Six months ended 31 July 2019 (Unaudited) Twelve months ended 31 January 2020 (Audited) 000 000 000 Cash flows from financing activities Repayment of lease liabilities (6,235) (5,337) (11,367) Net movement in bank borrowings (3,000) (1,311) 13,039 Interest on borrowings paid (578) (414) (979) Dividend and profit share paid to non-controlling interest partners (554) (616) (760) Dividends paid to shareholders of the parent - (4,595) (6,759) Net cash outflow from financing activities (10,367) (12,273) (6,826) Net increase in cash and cash equivalents 1,321 171 8,342 Cash and cash equivalents at beginning of the period 28,661 20,501 20,501 Exchange gains on cash held 209 596 (182) Cash and cash equivalents at end of the period 30,191 21,268 28,661 NOTES TO THE INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 July 20120 1)BASIS OF PREPARATION The unaudited consolidated interim financial statements represent a condensed set of financial information and have been prepared using the recognition and measurement principles of International Accounting Standards, and in accordance with IAS 34, Interim Financial Reporting. The principal accounting policies used in preparing the results are those the Group has applied in its financial statements for the year ended 31 January 2020. The comparative financial information for the year ended 31 January 2020 has been derived from the audited statutory financial statements for that period. A copy of those statutory financial statements has been delivered to the Registrar of Companies. The auditors report on those accounts was unqualified, did not include references to any matters to which the auditors drew attention by way of emphasis without qualifying their report and did not contain a statement under section 498(2)-(3) of the Companies Act 2006. 2)SEGMENT INFORMATION Measurement of operating segment profit The Board of Directors assesses the performance of the operating segments based on a measure of adjusted operating profit before intercompany recharges, which reflects the internal reporting measure used by the Board of Directors. This measurement basis excludes the effects of certain acquisition-related costs and goodwill impairment charges. Other information provided to them is measured in a manner consistent with that in the financial statements. Head office costs relate to group costs before allocation of intercompany charges to the operating segments. Intersegment transactions have not been separately disclosed as they are not material. The Board of Directors does not review the assets and liabilities of the Group on a segmental basis and therefore this is not separately disclosed. UK Europe and Africa US Asia Pacific Head Office Total 000 000 000 000 000 000 Six months ended 31 July 2020 (Unaudited) Net revenue 46,773 4,228 68,657 6,500 - 126,158 Adjusted operating profit / (loss) 9,063 882 15,385 1,181 (4,583) 21,928 Adjusted operating profit / (loss) after interest on finance lease liabilities 8,955 868 15,011 1,152 (4,814) 21,172 Adjusted operating profit margin1 19.1% 20.5% 21.9% 17.7% - 16.8% Organic revenue growth (11.9%) (3.3%) (2.6%) (6.2%) - (6.6%) Six months ended 31 July 2019 (Unaudited) Net revenue 47,974 4,332 59,361 7,056 - 118,723 Adjusted operating profit / (loss) 9,466 763 11,541 866 (4,333) 18,303 Adjusted operating profit / (loss) after interest on finance lease liabilities 9,324 747 11,188 833 (4,592) 17,500 Adjusted operating profit margin1 19.4% 17.2% 18.8% 11.8% - 14.7% Organic revenue growth 4.6% (0.6%) (6.0%) 2.1% - (1.3%) Twelve months ended 31 January 2020 (Audited) Net revenue 97,377 8,820 127,563 14,709 - 248,469 Adjusted operating profit / (loss) 20,366 1,619 27,155 2,367 (9,051) 42,456 Adjusted operating profit / (loss) after interest on finance lease liabilities 20,094 1,587 26,421 2,299 (9,541) 40,860 Adjusted operating profit margin1 20.6% 18.0% 20.7% 15.6% - 16.4% Organic revenue growth 0.3% 0.4% (4.6%) 4.8% - (2.0%) 1 Adjusted operating profit margin is calculated based on the operating profit after interest on finance lease liabilities as a percentage of net revenue. NOTES TO THE INTERIM RESULTS (Continued) FOR THE SIX MONTHS ENDED 31 July 2020 2) SEGMENT INFORMATION (continued) Brand marketing Data and analytics Creative technology Head Office Total 000 000 000 000 000 Six months ended 31 July 2020 (Unaudited) Net revenue 69,297 23,897 32,964 - 126,158 Adjusted operating profit / (loss) 16,252 5,975 4,284 (4,583) 21,928 Adjusted operating profit / (loss) after interest on finance lease liabilities1 15,863 5,965 4,158 (4,814) 21,172 Adjusted operating profit margin1 22.9% 25.0% 12.6% - 16.8% Organic net revenue growth (7.9%) 3.6% (9.5%) - (6.6%) Six months ended 31 July 2019 (Unaudited) Net revenue 63,873 20,869 33,981 - 118,723 Adjusted operating profit / (loss) 13,478 5,744 3,414 (4,333) 18,303 Adjusted operating profit / (loss) after interest on finance lease liabilities1 13,080 5,734 3,278 (4,592) 17,500 Adjusted operating profit margin1 20.5% 27.5% 9.6% - 14.7% Organic net revenue growth (4.9%) 21.4% (1.1%) - (1.3%) Year ended 31 January 2020 (Audited) Net revenue 135,036 45,054 68,379 - 248,469 Adjusted operating profit / (loss) 30,750 12,722 8,035 (9,051) 42,456 Adjusted operating profit / (loss) after interest on finance lease liabilities1 29,930 12,697 7,774 (9,541) 40,860 Adjusted operating profit margin1 22.2% 28.2% 11.4% - 16.4% Organic net revenue growth (5.7%) 19.3% (2.1%) - (2.0%) 1 Adjusted operating profit margin is calculated based on the operating profit after interest on finance lease liabilities as a percentage of net revenue. A reconciliation of segment adjusted operating profit to operating profit is provided as follows: Six months ended 31 July 2020 (Unaudited) Six months ended 31 July 2019 (Unaudited) Twelve months ended 31 January 2020 (Audited) 000 000 000 Segment adjusted operating profit after interest on finance lease liabilities 21,172 17,500 40,860 Interest on finance lease liabilities 756 803 1,596 Segment adjusted operating profit 21,928 18,303 42,456 Amortisation of acquired intangibles (note 3) (7,264) (5,443) (12,099) Share-based payment charge (note 3) (189) - (374) Employment-related acquisition payments (note 3) (1,699) (2,781) (5,029) Restructuring costs (note 3) (2,052) (2,141) (4,596) Property impairment (note 3) (10,910) - - Deal costs (note 3) (178) (306) (945) Operating (loss)/profit (364) 7,632 19,413 NOTES TO THE INTERIM RESULTS (Continued) FOR THE SIX MONTHS ENDED 31 July 2020 3)RECONCILIATION OF ADJUSTED FINANCIAL MEASURES Six months ended 31 July 2020 (Unaudited) Six months ended 31 July 2019 (Unaudited) Twelve months ended 31 January 2020 (Audited) 000 000 000 (Loss)/profit before income tax (3,402) 2,848 5,556 Unwinding of discount on deferred and contingent consideration and share purchase obligation payable1 2,182 1,669 3,552 Change in estimate of future contingent consideration and share purchase obligation payable1 (366) 2,041 8,086 Share-based payment charge2 189 - 374 Employment-related acquisition payments3 1,699 2,781 5,029 Restructuring costs4 2,052 2,141 4,596 Deal costs5 178 306 945 Property impairment 6 10,910 - - Amortisation of acquired intangibles7 7,264 5,443 12,099 Adjusted profit before income tax 20,706 17,229 40,237 Adjusted profit before income tax has been presented to provide additional information which may be useful to the reader, and it is a measure of performance used in the calculation of the adjusted earnings per share. This measure is considered to best represent the underlying performance of the business and so it is used for the vesting of employee performance shares. The adjusting items are consistent with those in the prior period. 1 The Group adjusts for the remeasurement of the acquisition-related liabilities within the adjusted performance measures in order to aid comparability of the Groups results year on year as the charge/credit from remeasurement can vary significantly depending on the underlying brands performance. It is non-cash and its directional impact to the income statement is opposite to the brands performance driving the valuations. The unwinding of discount on these liabilities is also excluded from underlying performance on the basis that it is non-cash and the balance is driven by the Groups assessment of the time value of money and this exclusion ensures comparability. 2 This charge relates to transactions whereby a restricted grant of brand equity was given to key management in Savanta Group Limited. (2019: M Booth & Associates LLC) at nil cost which holds value in the form of access to future profit distributions as well as any future sale value under the performance-related mechanism set out in the share sale agreement. This value is recognised as a one-off share-based payment in the income statement in the year of grant as the agreements do not include service requirements, thus the cost accounting is not aligned with the timing of the anticipated benefit of the incentive, namely the growth of the relevant brands. 3 This charge relates to payments linked to the continuing employment of the sellers which is being recognised over the required period of employment. Although these costs are not exceptional or non-recurring, the Group determined they should be excluded from the underlying performance as the costs solely relate to acquiring the sellers business. 4 In the current period the Group has incurred restructuring costs which primarily relates to Covid-19 redundancy costs taken in the period in response to the pandemic. These costs relate to these specific transformational events; they do not relate to underlying trading and therefore have been added back to aid comparability of performance year on year. 5 This charge relates to third party professional fees incurred during acquisitions. 6 In the current period the Group has recognised charges relating to the reorganisation of the property space across the Group. The majority of the charge is impairment of right-of-use assets and leasehold improvements. As a result of Covid-19, the Group has identified excess property space within the portfolio and therefore taken an impairment charge relating to those offices. The Group has adjusted for this cost, as the additional one-off impairment charge does not relate to the underlying trading of the business and therefore added back to aid comparability. 7 In line with its peer group, the Group adds back amortisation of acquired intangibles. Judgement is applied in the allocation of the purchase price between intangibles and goodwill, and in determining the useful economic lives of the acquired intangibles. The judgements made by the Group are inevitably different to those made by our peers and as such amortisation of acquired intangibles been added back to aid comparability. 4) TAXATION The tax charge for the six months ended 31 July 2020 is based on the Groups estimated effective tax rate for the year ending 31 January 2021 (20%). NOTES TO THE INTERIM RESULTS (Continued) FOR THE SIX MONTHS ENDED 31 July 2020 5) DIVIDENDS Given the macroeconomic backdrop due to Covid-19, the Group has decided to suspend the interim dividend, although it expects to resume payments with a dividend for the year ended January 2021, paid following the AGM in early summer 2021. For the six months ended 31 July 2019, an interim dividend of 2.5p per ordinary share was paid. 6) FINANCE EXPENSE Six months ended 31 July 2020 (Unaudited) Six months ended 31 July 2019 (Unaudited) Twelve months ended 31 January 2020 (Audited) 000 000 000 Financial liabilities at amortised cost Bank interest payable 575 411 977 Interest on finance lease liabilities 756 803 1,596 Financial liabilities at fair value through profit and loss Unwinding of discount on future deferred and contingent consideration and share purchase obligation payable1 2,182 1,669 3,552 Change in estimate of future contingent consideration and share purchase obligation payable1 1,470 2,683 10,545 Other Other interest payable 2 3 2 Finance expense 4,985 5,569 16,672 1 These items are adjusted for in calculating the adjusted net finance expense. 7) FINANCE INCOME Six months ended 31 July 2020 (Unaudited) Six months ended 31 July 2019 (Unaudited) Twelve months ended 31 January 202 (Audited) 000 000 000 Financial assets at amortised cost Bank interest receivable 19 20 99 Finance lease interest receivable 20 24 40 Financial assets at fair value through profit and loss Change in estimate of future contingent consideration and share purchase obligation payable1 1,836 642 2,459 Other interest receivable 13 12 13 Finance income 1,888 698 2,611 1 These items are adjusted for in calculating the adjusted net finance expense. NOTES TO THE INTERIM RESULTS (Continued) FOR THE SIX MONTHS ENDED 31 July 2020 8)EARNINGS PER SHARE Six months ended 31 July 2020 (Unaudited) Six months ended 31 July 2019 (Unaudited) Twelve months ended 31 January 2020 (Audited) 000 000 000 Earnings attributable to ordinary shareholders (3,330) 1,575 2,262 Unwinding of discount on future deferred and contingent consideration and share purchase obligation payable 1,848 1,468 3,138 Change in estimate of future contingent consideration and share purchase obligation payable (612) 1,554 6,395 Share-based payment charge 189 2,781 572 Restructuring costs 1,884 1,757 3,746 Property impairment 8,670 - - Employment-related acquisition payments 1,682 - 5,010 Amortisation of acquired intangibles 5,720 4,342 9,607 Deal costs 178 306 882 Adjusted earnings attributable to ordinary shareholders 16,229 13,525 31,612 Number Number Number Weighted average number of ordinary shares 88,542,197 84,480,836 85,284,663 Dilutive LTIP shares 609,071 777,184 755,018 Dilutive Growth Deal shares 1,711,629 2,415,165 2,983,371 Other potentially issuable shares 2,334,718 1,397,035 1,913,430 Diluted weighted average number of ordinary shares 93,197,615 89,070,220 90,936,482 Basic earnings per share (3.8)p 1.9p 2.7p Diluted earnings per share (3.6)p 1.8p 2.5p Adjusted earnings per share 18.3p 16.0p 37.1p Diluted adjusted earnings per share 17.4p 15.2p 34.8p Adjusted and diluted adjusted earnings per share have been presented to provide additional information which may be useful to shareholders through facilitating comparability with industry peers. The adjusted earnings per share is the performance measure used for the vesting of employee performance shares. The only difference between the adjusting items in this note and the figures in note 3 is the tax effect of those adjusting items. NOTES TO THE INTERIM RESULTS (Continued) FOR THE SIX MONTHS ENDED 31 July 2020 9)NET DEBT The HSBC Bank revolving credit facility of 40m expires in 2022 and therefore the outstanding balance has been classified in non-current borrowings. The 20m loan drawn from HSBC is repayable in annual instalments and is classified in non-current borrowings with the exception of the instalment due in less than one year. 31 July 2020 (Unaudited) 31 July 2019 (Unaudited) 31 January 2020 (Audited) 000 000 000 Total loans and borrowings 35,184 24,820 38,007 Less: cash and cash equivalents (30,191) (21,268) (28,661) Net debt 4,993 3,552 9,346 Share purchase obligation 2,933 1,461 3,367 Contingent consideration 29,281 31,379 42,181 Deferred consideration 1,424 2,994 2,715 38,631 39,386 57,609 10) OTHER FINANCIAL LIABILITIES Deferred consideration Contingent consideration Share purchase obligation 000 000 000 At 31 January 2019 (Audited) 4,646 24,712 1,736 Arising during the period 350 4,194 - Change in estimate - 2,038 3 Exchange differences - 1,069 103 Utilised (2,205) (2,028) (453) Unwinding of discount 203 1,394 72 At 31 July 2019 (Unaudited) 2,994 31,379 1,461 Arising during the period - 10,251 - Change in estimate - 4,129 1,916 Exchange differences - (1,795) (96) Utilised (462) (3,397) - Unwinding of discount 183 1,614 86 At 31 January 2020 (Audited) 2,715 42,181 3,367 Arising during the period - 417 - Reclassification 2,405 (2,405) - Change in estimate - 258 (624) Exchange differences - 3 7 Utilised (3,811) (13,057) - Unwinding of discount 115 1,884 183 At 31 July 2020 (Unaudited) 1,424 29,281 2,933 Current 1,424 8,666 1,263 Non-current - 20,615 1,670 NOTES TO THE INTERIM RESULTS (Continued) FOR THE SIX MONTHS ENDED 31 July 2020 11)EVENTS AFTER THE BALANCE SHEET DATE On 1 September 2020 Next 15 purchased the entire issued share capital of Mach49, the Silicon Valley-based growth incubator for global businesses. This signals an important strategic move, as Mach49 will become the cornerstone of the previously announced plan to create a $100m revenue innovation business to work alongside our market leading data, technology and brand marketing businesses to help global leaders create and execute disruptive growth strategies, shake up existing markets and open new ones. We expect there to be goodwill arising as a result of this acquisition due to the anticipated profitability and operating synergies.
edtsum7912
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 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) Number (%) Number (%) (1) 2,288,462 1.78% 463,830 0.36% (2) 355,000 0.28% 388,524 0.30% (3) 0 0.00% 0 0.00% (4) 2,643,462 2.05% 852,354 0.66% (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 7 8 16 58 85 96 100 100 100 100 100 100 102 110 202 300 300 346 363 367 377 386 393 397 400 422 483 486 588 588 686 837 956 956 1,057 1,184 1,258 1,564 2,137 3,683 4,609 5,969 6,359 11,326 15,455 20,393 1 38 100 100 100 161 169 200 200 341 548 569 587 957 1,073 1,260 1,507 3,630 5,987 6,795 7,992 10,939 15,272 25,647 (b) Derivatives transactions (other than options transactions) Product name, e.g. CFD Nature of transaction (Note 6) Number of relevant securities (Note 7) Price per unit (Note 5) (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 Answer:
FORM 8.3 - WILLIS TOWERS WATSON PLC - AMENDMENT
LONDON--(BUSINESS WIRE)-- FORM 8.3 Amendment to 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) Number (%) Number (%) (1) 2,288,462 1.78% 463,830 0.36% (2) 355,000 0.28% 388,524 0.30% (3) 0 0.00% 0 0.00% (4) 2,643,462 2.05% 852,354 0.66% (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 7 8 16 58 85 96 100 100 100 100 100 100 102 110 202 300 300 346 363 367 377 386 393 397 400 422 483 486 588 588 686 837 956 956 1,057 1,184 1,258 1,564 2,137 3,683 4,609 5,969 6,359 11,326 15,455 20,393 1 38 100 100 100 161 169 200 200 341 548 569 587 957 1,073 1,260 1,507 3,630 5,987 6,795 7,992 10,939 15,272 25,647 (b) Derivatives transactions (other than options transactions) Product name, e.g. CFD Nature of transaction (Note 6) Number of relevant securities (Note 7) Price per unit (Note 5) (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
edtsum7913
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: MERRITT ISLAND, Fla., Nov. 17, 2020 /PRNewswire/ --Innovative-e and their strategic partner, Bravo Consulting Group, unveiled a joint capabilities statement highlighting the strengths that each company brings their customers in both the public and private sectors. This partnership enables customers of both companies to enhance work management freedom securely, while increasing enterprise visibility, agility, and control. Continue Reading Innovative-e, Inc. Innovative-e, a Microsoft Gold partner, has partnered with Bravo for several years. Innovative-e offers software and service solutions leveraging Microsoft work, project management, and development tools, while Bravo's areas of expertise are security and compliance proficiency within the Microsoft platform. "Our partnership allows our customers to access 30+ years of experience in delivering Microsoft solutions and securing sensitive data," says Gino Degregori, CEO of Bravo Consulting Group. The partnership allows Innovative-e and Bravo to be Microsoft experts for a full spectrum of cloud solutions and security for customers. Bravo has 13 years of experience securing data at the highest level with the federal government and intelligence community. Leveraging their expertise in Microsoft security and compliance, Bravo streamlines and strengthens their customers' cybersecurity, enabling customers to focus on growth.Bravo offers workshops, professional services, and managed services focused on securing and maintaining clients' on-premise, hybrid and cloud infrastructure.Bravo helps its customers transform meaningless data into real intelligence through their advanced analytics services, providing context that enables stakeholders to make informed decisions and be proactive in maintaining system integrity.Innovative-e helps organizations increase productivity and collaboration and deliver transparency and actionable business intelligence that facilitates a greater degree of overall agility and responsiveness. Innovative-e leverages best-in-class project and work management software and two decades+ of experience to empower individuals and organizations to work smarter with the people, processes and technologies they are most comfortable using. Innovative-e seeks to meet its customers where they are and to provide solutions tailored to each organization's actual business needs."I've known Gino Degregori for over 10 years," says Mike Taylor, CEO of Innovative-e. "Gino and his team are among the best in the business.Combining Bravo's Microsoft platform and security capabilities with Innovative-e's software integration, development, and support has proven valuable to customers in commercial and government markets. Together we represent a unique 'one-stop-shop' for customer needs including many Microsoft products like Azure AD, Windows Defender ATP, Microsoft 365, SharePoint, Azure DevOps, Project, and Power Platform."Together, the companies provide customers with secure, compliant work and project management solutions within the Microsoft ecosystem, facilitating a comprehensively better work experience for customers, giving them access to best-in-class business applications, business processes and collaboration environments with secure and intelligent information management solutions and enterprise applications."The solutions we provide are no longer just about productivity, but how we can continue to treat cybersecurity as a business decision," says Degregori. "This partnership gives us the unique ability to reduce barriers to productivity without compromising security. We make security seamless so users won't even realize they're being protected across all their devices. Our combined knowledge allows us to reduce complexity and streamline processes to generate deeper insights that our clients can use to make more informed business decisions."This announcement follows Innovative-e being named the winner of the 2020 Microsoft US Partner Award in the Modern Workplace - Project and Portfolio Management category. Innovative-e has also been recognized by industry analysts such as Forrester and was a finalist for the 2019 Microsoft Partner of the Year Award.Contact: [emailprotected]Related Imagesimage1.png Related LinksBravo Consulting Group website Innovative-e website SOURCE Innovative-e, Inc. Answer:
Innovative-e and Bravo Consulting Group Join Together to Deliver Project & Work Management and Business Security Solutions to Private and Public Sector Customers
MERRITT ISLAND, Fla., Nov. 17, 2020 /PRNewswire/ --Innovative-e and their strategic partner, Bravo Consulting Group, unveiled a joint capabilities statement highlighting the strengths that each company brings their customers in both the public and private sectors. This partnership enables customers of both companies to enhance work management freedom securely, while increasing enterprise visibility, agility, and control. Continue Reading Innovative-e, Inc. Innovative-e, a Microsoft Gold partner, has partnered with Bravo for several years. Innovative-e offers software and service solutions leveraging Microsoft work, project management, and development tools, while Bravo's areas of expertise are security and compliance proficiency within the Microsoft platform. "Our partnership allows our customers to access 30+ years of experience in delivering Microsoft solutions and securing sensitive data," says Gino Degregori, CEO of Bravo Consulting Group. The partnership allows Innovative-e and Bravo to be Microsoft experts for a full spectrum of cloud solutions and security for customers. Bravo has 13 years of experience securing data at the highest level with the federal government and intelligence community. Leveraging their expertise in Microsoft security and compliance, Bravo streamlines and strengthens their customers' cybersecurity, enabling customers to focus on growth.Bravo offers workshops, professional services, and managed services focused on securing and maintaining clients' on-premise, hybrid and cloud infrastructure.Bravo helps its customers transform meaningless data into real intelligence through their advanced analytics services, providing context that enables stakeholders to make informed decisions and be proactive in maintaining system integrity.Innovative-e helps organizations increase productivity and collaboration and deliver transparency and actionable business intelligence that facilitates a greater degree of overall agility and responsiveness. Innovative-e leverages best-in-class project and work management software and two decades+ of experience to empower individuals and organizations to work smarter with the people, processes and technologies they are most comfortable using. Innovative-e seeks to meet its customers where they are and to provide solutions tailored to each organization's actual business needs."I've known Gino Degregori for over 10 years," says Mike Taylor, CEO of Innovative-e. "Gino and his team are among the best in the business.Combining Bravo's Microsoft platform and security capabilities with Innovative-e's software integration, development, and support has proven valuable to customers in commercial and government markets. Together we represent a unique 'one-stop-shop' for customer needs including many Microsoft products like Azure AD, Windows Defender ATP, Microsoft 365, SharePoint, Azure DevOps, Project, and Power Platform."Together, the companies provide customers with secure, compliant work and project management solutions within the Microsoft ecosystem, facilitating a comprehensively better work experience for customers, giving them access to best-in-class business applications, business processes and collaboration environments with secure and intelligent information management solutions and enterprise applications."The solutions we provide are no longer just about productivity, but how we can continue to treat cybersecurity as a business decision," says Degregori. "This partnership gives us the unique ability to reduce barriers to productivity without compromising security. We make security seamless so users won't even realize they're being protected across all their devices. Our combined knowledge allows us to reduce complexity and streamline processes to generate deeper insights that our clients can use to make more informed business decisions."This announcement follows Innovative-e being named the winner of the 2020 Microsoft US Partner Award in the Modern Workplace - Project and Portfolio Management category. Innovative-e has also been recognized by industry analysts such as Forrester and was a finalist for the 2019 Microsoft Partner of the Year Award.Contact: [emailprotected]Related Imagesimage1.png Related LinksBravo Consulting Group website Innovative-e website SOURCE Innovative-e, Inc.
edtsum7914
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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)--With the rising dependence on digital devices and online connectivity, there has been significant growth in the online healthcare services market. The need for remote monitoring, mobile applications' development, and the upsurge of health apps are also propelling the online healthcare services market's growth. Therefore, online healthcare services providers need to develop digital marketing strategies and initiatives to create targeted marketing approaches, reduce customer churn rate, and enhance reach across integrated challenges. Infinitis marketing services solutions enable companies to develop ideal marketing strategies, maximize lead conversions, and increase profits. To leverage Infinitis marketing services solutions for comprehensive insights into targeted marketing strategies and initiatives, request a free proposal. Rising demand for remote monitoring services, penetration of smartphones and other mobile apps, and the rise in the number of health apps are some of the major factors propelling the growth of the online healthcare services market, says a healthcare market expert at Infiniti Research. Business Challenge: The client is a prominent online healthcare services provider based out of North America and was facing challenges in reaching out to target customers with their marketing techniques. Factors such as changing consumer preferences, and a diverse customer base, required streamlined communications, standardized marketing technologies, and strategies to improve customer experience and increase customer retention. Therefore, the online healthcare services market client approached Infiniti Research to leverage our expertise in offering marketing solutions. During the six-week engagement, the client also sought to expand their digital marketing space, develop marketing initiatives with a budget constraint, understand the policies and regulations in their regions, and create personalized marketing approaches. Our Approach: Infinitis industry experts developed a comprehensive approach to assist the online healthcare services market client, including the following: Business Outcome: By leveraging Infinitis marketing services solutions, the online healthcare services market client focused on creating innovative marketing approaches, streamlined communications, and enhanced customer experience. With the insights gained from the engagement, the client attracted 250+ new customers and integrated targeted online and offline patient engagement initiatives. Additionally, they realized huge savings on their marketing budget and accordingly safeguarded confidential data by understanding the restrictions of HIPAA. Lastly, the online healthcare services market client achieved a 20% increase in profits and a 15X increase in leads. Speak to industry experts to gain a more comprehensive understanding of how our marketing services solutions can help online healthcare services market players. About Infiniti Research Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to analyze competitive activity, see beyond market disruptions and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us Answer:
Marketing Services Solution Helps an Online Healthcare Services Market Client Increase Profit Significantly and Maximize Leads | Infinitis Recent Client Engagement
LONDON--(BUSINESS WIRE)--With the rising dependence on digital devices and online connectivity, there has been significant growth in the online healthcare services market. The need for remote monitoring, mobile applications' development, and the upsurge of health apps are also propelling the online healthcare services market's growth. Therefore, online healthcare services providers need to develop digital marketing strategies and initiatives to create targeted marketing approaches, reduce customer churn rate, and enhance reach across integrated challenges. Infinitis marketing services solutions enable companies to develop ideal marketing strategies, maximize lead conversions, and increase profits. To leverage Infinitis marketing services solutions for comprehensive insights into targeted marketing strategies and initiatives, request a free proposal. Rising demand for remote monitoring services, penetration of smartphones and other mobile apps, and the rise in the number of health apps are some of the major factors propelling the growth of the online healthcare services market, says a healthcare market expert at Infiniti Research. Business Challenge: The client is a prominent online healthcare services provider based out of North America and was facing challenges in reaching out to target customers with their marketing techniques. Factors such as changing consumer preferences, and a diverse customer base, required streamlined communications, standardized marketing technologies, and strategies to improve customer experience and increase customer retention. Therefore, the online healthcare services market client approached Infiniti Research to leverage our expertise in offering marketing solutions. During the six-week engagement, the client also sought to expand their digital marketing space, develop marketing initiatives with a budget constraint, understand the policies and regulations in their regions, and create personalized marketing approaches. Our Approach: Infinitis industry experts developed a comprehensive approach to assist the online healthcare services market client, including the following: Business Outcome: By leveraging Infinitis marketing services solutions, the online healthcare services market client focused on creating innovative marketing approaches, streamlined communications, and enhanced customer experience. With the insights gained from the engagement, the client attracted 250+ new customers and integrated targeted online and offline patient engagement initiatives. Additionally, they realized huge savings on their marketing budget and accordingly safeguarded confidential data by understanding the restrictions of HIPAA. Lastly, the online healthcare services market client achieved a 20% increase in profits and a 15X increase in leads. Speak to industry experts to gain a more comprehensive understanding of how our marketing services solutions can help online healthcare services market players. About Infiniti Research Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to analyze competitive activity, see beyond market disruptions and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us
edtsum7915
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: NEW YORK, Aug. 3, 2020 /PRNewswire/ --Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Jernigan Capital, Inc. (NYSE: JCAP) to an affiliate of NexPoint Advisors, L.P. ("NexPoint") is fair to Jernigan Capitalshareholders. On behalf of Jernigan Capitalshareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. If you are a Jernigan Capital shareholder and would like to discuss your legal rights and options, please visit Jernigan Capital Merger:or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [emailprotected] or [emailprotected]. The investigation concerns whether Jernigan Capital and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible consideration for Jernigan Capital shareholders; (2) determine whether NexPoint is underpaying for Jernigan Capital; and (3) disclose all material information necessary for Jernigan Capital shareholders to adequately assess and value the proposed transaction. If you are a Jernigan Capital shareholder and would like to discuss your legal rights and options, please visit https://halpersadeh.com/actions/jernigan-capital-inc-stock-merger-jcap-nexpoint/ :or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [emailprotected] or [emailprotected]. Halper Sadeh LLPrepresents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information:Halper Sadeh LLPDaniel Sadeh, Esq.Zachary Halper, Esq.(212) 763-0060[emailprotected][emailprotected]https://www.halpersadeh.com SOURCE Halper Sadeh LLP Related Links www.halpersadeh.com Answer:
Jernigan Capital Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether The Sale Of Jernigan Capital, Inc. Is Fair To Shareholders; Investors Are Encouraged To Contact The Firm
NEW YORK, Aug. 3, 2020 /PRNewswire/ --Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Jernigan Capital, Inc. (NYSE: JCAP) to an affiliate of NexPoint Advisors, L.P. ("NexPoint") is fair to Jernigan Capitalshareholders. On behalf of Jernigan Capitalshareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. If you are a Jernigan Capital shareholder and would like to discuss your legal rights and options, please visit Jernigan Capital Merger:or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [emailprotected] or [emailprotected]. The investigation concerns whether Jernigan Capital and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible consideration for Jernigan Capital shareholders; (2) determine whether NexPoint is underpaying for Jernigan Capital; and (3) disclose all material information necessary for Jernigan Capital shareholders to adequately assess and value the proposed transaction. If you are a Jernigan Capital shareholder and would like to discuss your legal rights and options, please visit https://halpersadeh.com/actions/jernigan-capital-inc-stock-merger-jcap-nexpoint/ :or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [emailprotected] or [emailprotected]. Halper Sadeh LLPrepresents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information:Halper Sadeh LLPDaniel Sadeh, Esq.Zachary Halper, Esq.(212) 763-0060[emailprotected][emailprotected]https://www.halpersadeh.com SOURCE Halper Sadeh LLP Related Links www.halpersadeh.com
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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)--Liability exposures for companies around the world are increasing. Factors such as rising litigation, collective redress and large court verdicts, costly and frequent recalls in the automotive and food sectors, the disruptive impact of civil unrest and riots in a growing number of countries, and environmental concerns such as indoor air quality and higher fines and remediation standards will likely impact businesses and their insurers in the future all in the face of a challenging global pandemic, according to a new report from Allianz Global Corporate & Specialty (AGCS) which highlights five trends for the sector. Pricing in the liability insurance market may have turned in recent months, however social inflation trends and large court verdicts continue in the United States. This combined with expanded exposures for non-US companies doing business in the US and an increase in automotive part recalls are putting pressure on liability insurers, says Ciara Brady, Global Head of Liability at AGCS. Overlay this with the uncertain economic outlook, political instability and unknown impacts from coronavirus and this is creating a challenging market for clients, brokers and insurers alike. While we have to react to new loss trends in underwriting, AGCS remains committed to supporting our clients with solid risk transfer solutions and capacity to address todays liability exposures. Social inflation in the US and rise of collective redress globally Social inflation is a phenomenon especially prevalent in the US, driven by the growing emergence of litigation funders, higher jury awards, more liberal workers compensation claims, as well as new tort and negligence concepts. The median settlement amount of the top 50 US verdicts from 2014 to 2018 nearly doubled from $28mn to $54mn. Litigation funding is not only on the rise in the US, but also in Europe and elsewhere around the world, contributing to a growing trend of collective redress as hurdles for consumers are lowered to embark on class actions. Countries that may not be historically associated with this development, such as Saudi Arabia and South Africa, are classified as being medium risk that a company may face a collective action in these jurisdictions, according to AGCS litigation funding country guide. Another factor influencing the size of settlements in the US is the increasing sophistication of the plaintiffs bar with specialist consultants and psychologists being deployed to influence the jurys decision. The legal system in the US has seen a deterioration in consumer confidence towards corporations. This lack of confidence is driving an anger by individuals or classes of individuals toward perceived greedy corporates that is resulting in so-called nuclear verdicts. According to AGCS experts, its too early to identify a reverse trend, but court closures due to the Covid-19 pandemic may slow down social inflation as plaintiffs realize that it could take years before their case is tried before a jury and therefore may be more willing to settle outside court. Rising automotive repair and recall costs In recent years there has been a growing number of recalls in the automotive industry in both the US and Europe. In the US, there were 966 safety recalls affecting well over 50 million vehicles in 2019 more than two every day. In many cases, components can be produced by one of a handful of suppliers that services the entire industry, which can make it prone to accumulation risks as a result, recalls have become larger and more costly over time. For example, an airbag or an engine could be recalled due to a defect, affecting many companies and models. The increasing complexity of technology is another significant driver of industry losses, due to factors such as increased time and labor rates to make repairs, more specialized training for mechanics and other repairers, and the increasing price of parts. Costly food safety risks and recalls Food recalls are on the rise globally due to factors such as global manufacturing, fewer suppliers in complex supply chains, enhanced regulatory scrutiny, as well as improved technology which allows for better traceability and pathogen detection. Manufacturers need to recognize these factors and be diligent about who their suppliers are and conduct regular audits. The coronavirus pandemic could have a significant impact on and pose special challenges for food recalls in future: On one hand, hygiene standards have dramatically increased, which could reduce contamination risks which are a major cause of food and beverage recalls. On the other hand, with new operations, temporarily closed and restarted factories, remote workforces, decreases in regulatory visits and erratic supply chains, risk exposures could also swell moving forward. Riots and civil unrest threaten beyond physical damage The yellow vest protests in France, civil unrest in Chile, Hong Kong and Bolivia and most recently the racially-charged riots in the US are high-profile examples of the rise of civil unrest globally. Political violence increasingly causes property damage, disruption and loss of attraction and revenues to many businesses. For example, civil disorder in the wake of the death of George Floyd in many US cities is expected to have caused losses of more than $1bn. There are numerous insurance claims notified under strikes, riots and civil commotion or looting insurance coverages. According to AGCS experts, the coronavirus outbreak may have temporarily suppressed civil unrest in some countries, but the underlying social issues have not been solved, and further protests will likely occur in the near future. Indoor air quality after coronavirus Environmental pollution incidents can have damaging consequences for a business two risks are particularly paramount: indoor air quality concerns with legionella and mold growth and, secondly the increasing risk of environmentally-driven prosecutions, fines and remedial actions, as public awareness for pollution and natural capital depletion grows. Mold and legionella risks have been exacerbated by the coronavirus shutdown of commercial buildings or hotels: When certain air quality systems or water installation systems are dormant for a while they are more susceptible to contamination by bacteria. On top of that, continued, undetected mold growth may result from real estate companies delaying planned maintenance or renovation activities. Major causes of liability claims and potential coronavirus impacts The report also analyzes some of the major causes of insurance industry liability claims over the past five years defective product incidents account for half of the value of all claims and looks at how the coronavirus outbreak is already impacting the insurance sector. With more people staying at home through the pandemic, and with the temporary closure of many shops, airports and businesses, notifications of slip and fall incidents, which are one of the major causes of liability claims, have slowed. However, the market could see claims brought by third-parties for injury or property damage due to failure to adequately protect against the coronavirus, as well as employee action against employers who did not appropriately protect them. Product liability and recall claims tend to follow economic activity, so there could be an impact in these areas with the economic downturn. Meanwhile, restarting production after periods of hibernation may give rise to human error incidents. About Allianz Global Corporate & Specialty SE Allianz Global Corporate & Specialty (AGCS) SE is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business. Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are not only the worlds largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience. Worldwide, AGCS operates with its own teams in 32 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,450 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2019, AGCS generated a total of 9.1 billion gross premium globally. www.agcs.allianz.com LinkedIn Twitter: @AGCS_Insurance Cautionary Note Regarding Forward-Looking Statements Answer:
Allianz: Five Liability Loss Trends for Businesses in the Face of the Coronavirus Pandemic Key Challenges: Rising litigation, larger court verdicts and collective redress in the US and other regions; more costly recalls in auto and food industries; impact of civil unrest and riots worldwide; and the potential for mold and legionella claims post Covid-19 shutdowns. Social inflation, adverse claims trends and an uncertain economic and pandemic outlook create a challenging market for liability insurers. Analysis shows defective products is top cause of liability claims over past five years but Covid-19 pandemic impacting loss scenarios in different ways.
NEW YORK--(BUSINESS WIRE)--Liability exposures for companies around the world are increasing. Factors such as rising litigation, collective redress and large court verdicts, costly and frequent recalls in the automotive and food sectors, the disruptive impact of civil unrest and riots in a growing number of countries, and environmental concerns such as indoor air quality and higher fines and remediation standards will likely impact businesses and their insurers in the future all in the face of a challenging global pandemic, according to a new report from Allianz Global Corporate & Specialty (AGCS) which highlights five trends for the sector. Pricing in the liability insurance market may have turned in recent months, however social inflation trends and large court verdicts continue in the United States. This combined with expanded exposures for non-US companies doing business in the US and an increase in automotive part recalls are putting pressure on liability insurers, says Ciara Brady, Global Head of Liability at AGCS. Overlay this with the uncertain economic outlook, political instability and unknown impacts from coronavirus and this is creating a challenging market for clients, brokers and insurers alike. While we have to react to new loss trends in underwriting, AGCS remains committed to supporting our clients with solid risk transfer solutions and capacity to address todays liability exposures. Social inflation in the US and rise of collective redress globally Social inflation is a phenomenon especially prevalent in the US, driven by the growing emergence of litigation funders, higher jury awards, more liberal workers compensation claims, as well as new tort and negligence concepts. The median settlement amount of the top 50 US verdicts from 2014 to 2018 nearly doubled from $28mn to $54mn. Litigation funding is not only on the rise in the US, but also in Europe and elsewhere around the world, contributing to a growing trend of collective redress as hurdles for consumers are lowered to embark on class actions. Countries that may not be historically associated with this development, such as Saudi Arabia and South Africa, are classified as being medium risk that a company may face a collective action in these jurisdictions, according to AGCS litigation funding country guide. Another factor influencing the size of settlements in the US is the increasing sophistication of the plaintiffs bar with specialist consultants and psychologists being deployed to influence the jurys decision. The legal system in the US has seen a deterioration in consumer confidence towards corporations. This lack of confidence is driving an anger by individuals or classes of individuals toward perceived greedy corporates that is resulting in so-called nuclear verdicts. According to AGCS experts, its too early to identify a reverse trend, but court closures due to the Covid-19 pandemic may slow down social inflation as plaintiffs realize that it could take years before their case is tried before a jury and therefore may be more willing to settle outside court. Rising automotive repair and recall costs In recent years there has been a growing number of recalls in the automotive industry in both the US and Europe. In the US, there were 966 safety recalls affecting well over 50 million vehicles in 2019 more than two every day. In many cases, components can be produced by one of a handful of suppliers that services the entire industry, which can make it prone to accumulation risks as a result, recalls have become larger and more costly over time. For example, an airbag or an engine could be recalled due to a defect, affecting many companies and models. The increasing complexity of technology is another significant driver of industry losses, due to factors such as increased time and labor rates to make repairs, more specialized training for mechanics and other repairers, and the increasing price of parts. Costly food safety risks and recalls Food recalls are on the rise globally due to factors such as global manufacturing, fewer suppliers in complex supply chains, enhanced regulatory scrutiny, as well as improved technology which allows for better traceability and pathogen detection. Manufacturers need to recognize these factors and be diligent about who their suppliers are and conduct regular audits. The coronavirus pandemic could have a significant impact on and pose special challenges for food recalls in future: On one hand, hygiene standards have dramatically increased, which could reduce contamination risks which are a major cause of food and beverage recalls. On the other hand, with new operations, temporarily closed and restarted factories, remote workforces, decreases in regulatory visits and erratic supply chains, risk exposures could also swell moving forward. Riots and civil unrest threaten beyond physical damage The yellow vest protests in France, civil unrest in Chile, Hong Kong and Bolivia and most recently the racially-charged riots in the US are high-profile examples of the rise of civil unrest globally. Political violence increasingly causes property damage, disruption and loss of attraction and revenues to many businesses. For example, civil disorder in the wake of the death of George Floyd in many US cities is expected to have caused losses of more than $1bn. There are numerous insurance claims notified under strikes, riots and civil commotion or looting insurance coverages. According to AGCS experts, the coronavirus outbreak may have temporarily suppressed civil unrest in some countries, but the underlying social issues have not been solved, and further protests will likely occur in the near future. Indoor air quality after coronavirus Environmental pollution incidents can have damaging consequences for a business two risks are particularly paramount: indoor air quality concerns with legionella and mold growth and, secondly the increasing risk of environmentally-driven prosecutions, fines and remedial actions, as public awareness for pollution and natural capital depletion grows. Mold and legionella risks have been exacerbated by the coronavirus shutdown of commercial buildings or hotels: When certain air quality systems or water installation systems are dormant for a while they are more susceptible to contamination by bacteria. On top of that, continued, undetected mold growth may result from real estate companies delaying planned maintenance or renovation activities. Major causes of liability claims and potential coronavirus impacts The report also analyzes some of the major causes of insurance industry liability claims over the past five years defective product incidents account for half of the value of all claims and looks at how the coronavirus outbreak is already impacting the insurance sector. With more people staying at home through the pandemic, and with the temporary closure of many shops, airports and businesses, notifications of slip and fall incidents, which are one of the major causes of liability claims, have slowed. However, the market could see claims brought by third-parties for injury or property damage due to failure to adequately protect against the coronavirus, as well as employee action against employers who did not appropriately protect them. Product liability and recall claims tend to follow economic activity, so there could be an impact in these areas with the economic downturn. Meanwhile, restarting production after periods of hibernation may give rise to human error incidents. About Allianz Global Corporate & Specialty SE Allianz Global Corporate & Specialty (AGCS) SE is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business. Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are not only the worlds largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience. Worldwide, AGCS operates with its own teams in 32 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,450 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2019, AGCS generated a total of 9.1 billion gross premium globally. www.agcs.allianz.com LinkedIn Twitter: @AGCS_Insurance Cautionary Note Regarding Forward-Looking Statements
edtsum7917
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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., March 23, 2021 /PRNewswire/ -- Beckman Coulter, a clinical diagnostics leader, today announced that its Access SARS-CoV-2 IgG IIantibody assay received U.S. Emergency Use Authorization (EUA) from the U.S. Food and Drug Administration. The semi-quantitative assay measures a patient's level of antibodies in response to a previous SARS-CoV-2 infection and provides a qualitative and numerical result of antibodies in arbitrary units (AU). Serology testing is a way that we look to make sure that individuals are mounting an immune response. What you see when we're looking for an immune response are immunoglobulins rising. When someone gets infected, say with #coronavirus they have an infection called, #COVID-19. With #serology, we measure what those levels of antibodies are in your body. To identify who has an immune response against the #coronavirus. Its important to detect an antibody called Immunoglobulin G or #IgG. IgG antibodies are proteins produced seven to fourteen days after an infection by the immune system in response to an infection and are specific to that particular pathogen. In this video, Beckman Coulter's Chief Medical Officer, Dr. Shami Feinglass, discusses the importance of antibody test quality, and the differences between the types of antibody tests on the marker. Lenco Diagnostic Laboratories, one of New York City's largest privately-owned, full-service reference labs, is among the first to offer the test in its facilities across Brooklyn, NYC, and the tri-state metropolitan area. Lenco conducted an independent verification of the assay's performance and is highly satisfied with the quality of the results. "To help in the fight against COVID-19, it is important that we partner with a company that has the reputation, quality, and testing accuracy like Beckman Coulter in meeting the needs of the people of New York," said Robert Boorstein, M.D., Ph.D., medical director, Lenco Diagnostics Laboratories. "This next step in COVID-19 antibody testing creates a pathway in helping us establish a quantitative baseline of different antibody levels and determine how a patient's immune response to COVID-19 is affected over time. We expect that clinicians will find this assay useful for monitoring the progress of a patient's COVID-19 recovery and assessing the immune response over time." The Access SARS-CoV-2 IgG II assay measures IgG antibodies directed to the receptor-binding domain of the spike protein of the coronavirus. The test has a confirmed 100% negative percent agreement (specificity) and a 98.9% positive percent agreement (sensitivity) at >/= 15 days post symptom onset. The Access SARS-CoV-2 IgG II assay can be used in Random Access Mode (RAM) and seamlessly integrates into existing workflows without batch processing."Effective and high-quality diagnostic solutions are essential in the fight against COVID-19," said Shamiram R. Feinglass, MD, M.P.H, chief medical officer at Beckman Coulter. "Antibody assays like our Access SARS-CoV-2 IgG II test can help researchers quantitatively determine the levels of IgG antibodies and enable them to assess the relative changes of an individual's immune response to the SARS-CoV-2 virus over time. This information is essential because it helps continually inform therapeutics and vaccine development."The Access SARS-CoV-2 IgG II antibody assay is now available in the U.S. and countries accepting the CE Mark. Results of the new test are delivered on Beckman Coulter's award-winning immunoassay analyzers, including the DxI 800 high-throughput analyzer, capable of processing up to 4,800 samples per day.The IgG II antibody assay is the latest addition to Beckman Coulter's full suite of testing solutions that provide clinicians valuable information in their fight against COVID-19. Beckman Coulter also recently launched an automated SARS-CoV-2 antigen test in the U.S. under Policy C of the FDA's emergency use authorization (EUA) program. For more information on Beckman Coulter's antibody assays, as well as its full suite of COVID-19 diagnostic solutions, visit www.BeckmanCoulter.com/Coronavirus.For more information about Lenco Diagnostic Laboratories, and its commitment to being part of the solution for COVID-19, visit:https://www.lencolab.com/covid19-antibody/.About Beckman CoulterBeckman Coulteris committed to advancing healthcare for every person by applying the power of science, technology and the passion and creativity of our teams to enhance the diagnostic laboratory's role in improving healthcare outcomes. Our diagnostic systems are used in complex biomedical testing, and are found in hospitals, reference laboratories and physician office settings around the globe. Beckman Coulter offers a unique combination of people, processes and solutions designed to elevate the performance of clinical laboratories and healthcare networks. We do this by accelerating care with a menu that matters, bringing the benefit of automation to all, delivering greater insights through clinical informatics and unlocking hidden value through performance partnership. An operating company of Danaher Corporation (NYSE: DHR) since 2011, Beckman Coulter is headquartered in Brea, California, and has more than 11,000 global associates working diligently to make the world a healthier place.References: 1At this time, it is unknown for how long antibodies persist following infection and if the presence of antibodies confers protective immunity. 2021 Beckman Coulter. All rights reserved. Beckman Coulter, the stylized logo, and the Beckman Coulter product and service marks mentioned herein are trademarks or registered trademarks of Beckman Coulter, Inc. in the United States and other countries. 2021-8737SOURCE Beckman Coulter Diagnostics Related Links https://www.BeckmanCoulter.com Answer:
Beckman Coulter's SARS-CoV-2 IgG II antibody test receives Emergency Use Authorization from the FDA
BREA, Calif., March 23, 2021 /PRNewswire/ -- Beckman Coulter, a clinical diagnostics leader, today announced that its Access SARS-CoV-2 IgG IIantibody assay received U.S. Emergency Use Authorization (EUA) from the U.S. Food and Drug Administration. The semi-quantitative assay measures a patient's level of antibodies in response to a previous SARS-CoV-2 infection and provides a qualitative and numerical result of antibodies in arbitrary units (AU). Serology testing is a way that we look to make sure that individuals are mounting an immune response. What you see when we're looking for an immune response are immunoglobulins rising. When someone gets infected, say with #coronavirus they have an infection called, #COVID-19. With #serology, we measure what those levels of antibodies are in your body. To identify who has an immune response against the #coronavirus. Its important to detect an antibody called Immunoglobulin G or #IgG. IgG antibodies are proteins produced seven to fourteen days after an infection by the immune system in response to an infection and are specific to that particular pathogen. In this video, Beckman Coulter's Chief Medical Officer, Dr. Shami Feinglass, discusses the importance of antibody test quality, and the differences between the types of antibody tests on the marker. Lenco Diagnostic Laboratories, one of New York City's largest privately-owned, full-service reference labs, is among the first to offer the test in its facilities across Brooklyn, NYC, and the tri-state metropolitan area. Lenco conducted an independent verification of the assay's performance and is highly satisfied with the quality of the results. "To help in the fight against COVID-19, it is important that we partner with a company that has the reputation, quality, and testing accuracy like Beckman Coulter in meeting the needs of the people of New York," said Robert Boorstein, M.D., Ph.D., medical director, Lenco Diagnostics Laboratories. "This next step in COVID-19 antibody testing creates a pathway in helping us establish a quantitative baseline of different antibody levels and determine how a patient's immune response to COVID-19 is affected over time. We expect that clinicians will find this assay useful for monitoring the progress of a patient's COVID-19 recovery and assessing the immune response over time." The Access SARS-CoV-2 IgG II assay measures IgG antibodies directed to the receptor-binding domain of the spike protein of the coronavirus. The test has a confirmed 100% negative percent agreement (specificity) and a 98.9% positive percent agreement (sensitivity) at >/= 15 days post symptom onset. The Access SARS-CoV-2 IgG II assay can be used in Random Access Mode (RAM) and seamlessly integrates into existing workflows without batch processing."Effective and high-quality diagnostic solutions are essential in the fight against COVID-19," said Shamiram R. Feinglass, MD, M.P.H, chief medical officer at Beckman Coulter. "Antibody assays like our Access SARS-CoV-2 IgG II test can help researchers quantitatively determine the levels of IgG antibodies and enable them to assess the relative changes of an individual's immune response to the SARS-CoV-2 virus over time. This information is essential because it helps continually inform therapeutics and vaccine development."The Access SARS-CoV-2 IgG II antibody assay is now available in the U.S. and countries accepting the CE Mark. Results of the new test are delivered on Beckman Coulter's award-winning immunoassay analyzers, including the DxI 800 high-throughput analyzer, capable of processing up to 4,800 samples per day.The IgG II antibody assay is the latest addition to Beckman Coulter's full suite of testing solutions that provide clinicians valuable information in their fight against COVID-19. Beckman Coulter also recently launched an automated SARS-CoV-2 antigen test in the U.S. under Policy C of the FDA's emergency use authorization (EUA) program. For more information on Beckman Coulter's antibody assays, as well as its full suite of COVID-19 diagnostic solutions, visit www.BeckmanCoulter.com/Coronavirus.For more information about Lenco Diagnostic Laboratories, and its commitment to being part of the solution for COVID-19, visit:https://www.lencolab.com/covid19-antibody/.About Beckman CoulterBeckman Coulteris committed to advancing healthcare for every person by applying the power of science, technology and the passion and creativity of our teams to enhance the diagnostic laboratory's role in improving healthcare outcomes. Our diagnostic systems are used in complex biomedical testing, and are found in hospitals, reference laboratories and physician office settings around the globe. Beckman Coulter offers a unique combination of people, processes and solutions designed to elevate the performance of clinical laboratories and healthcare networks. We do this by accelerating care with a menu that matters, bringing the benefit of automation to all, delivering greater insights through clinical informatics and unlocking hidden value through performance partnership. An operating company of Danaher Corporation (NYSE: DHR) since 2011, Beckman Coulter is headquartered in Brea, California, and has more than 11,000 global associates working diligently to make the world a healthier place.References: 1At this time, it is unknown for how long antibodies persist following infection and if the presence of antibodies confers protective immunity. 2021 Beckman Coulter. All rights reserved. Beckman Coulter, the stylized logo, and the Beckman Coulter product and service marks mentioned herein are trademarks or registered trademarks of Beckman Coulter, Inc. in the United States and other countries. 2021-8737SOURCE Beckman Coulter Diagnostics Related Links https://www.BeckmanCoulter.com
edtsum7918
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: MOSCOW, June 12, 2020 /PRNewswire/ --Sheremetyevo International Airport has joined the all-Russian campaigns "Windows of Russia" and "Flags of Russia" in celebration of Russia Day. Residents place the flags and national symbols of Russia in their windows and on the balconies of houses and institutions throughout the country, and use their social media accounts to promote it. Airport employees and passengers decorated terminal surfaces with Russian-language stickers commemorating Russia Day. This atmosphere of celebration and patriotism is supported at Sheremetyevo Airport by the display of symbolic images, achievements and scenes from the history of Russia on 140 media screens at the forecourt plazas and terminals. Airport employees and passengers decorated terminal surfaces with Russian-language stickers. The campaign was joined by the team of doctors who had just returned from Vladikavkaz, led by Konstantin Pokrovsky, head of the Vorokhobov Surgery Center of the City Clinical Hospital No. 67. The Moscow medical team completed a two-week humanitarian mission to protect the population of the Caucasus from coronavirus infection. Some of them were members of the first medical teams that had previously worked in Terminal F of Sheremetyevo when meeting passengers of international flights from epidemiologically disadvantaged countries. The doctors placed posters with the message #RussiaWeAreTogether (#) on the windows along the path from the gate to the baggage claim area. Images produced in a classic federal style greeted passengers and visitors of the airport in a show of national pride. In commemoration of Russia Day, the state flags of Russia were placed at the entrance to the terminals of Sheremetyevo Airport. Holiday greetings were broadcast over speakers in the terminals on June 12, and videos featuring employees are being published on the airport's social media.Russia Day is a national holiday of love for the Homeland, a symbol of Russian unity, strength and faith. Sheremetyevo International Airport is among the TOP-10 airport hubs in Europe, the largest Russian airport in terms of passenger and cargo traffic. In 2019, the airport served 49 million 933 thousand passengers, which was 8.9% more than in 2018.SOURCE Sheremetyevo International Airport Answer:
"Windows of Russia" and National Flags Honor Russia Day at Sheremetyevo Airport
MOSCOW, June 12, 2020 /PRNewswire/ --Sheremetyevo International Airport has joined the all-Russian campaigns "Windows of Russia" and "Flags of Russia" in celebration of Russia Day. Residents place the flags and national symbols of Russia in their windows and on the balconies of houses and institutions throughout the country, and use their social media accounts to promote it. Airport employees and passengers decorated terminal surfaces with Russian-language stickers commemorating Russia Day. This atmosphere of celebration and patriotism is supported at Sheremetyevo Airport by the display of symbolic images, achievements and scenes from the history of Russia on 140 media screens at the forecourt plazas and terminals. Airport employees and passengers decorated terminal surfaces with Russian-language stickers. The campaign was joined by the team of doctors who had just returned from Vladikavkaz, led by Konstantin Pokrovsky, head of the Vorokhobov Surgery Center of the City Clinical Hospital No. 67. The Moscow medical team completed a two-week humanitarian mission to protect the population of the Caucasus from coronavirus infection. Some of them were members of the first medical teams that had previously worked in Terminal F of Sheremetyevo when meeting passengers of international flights from epidemiologically disadvantaged countries. The doctors placed posters with the message #RussiaWeAreTogether (#) on the windows along the path from the gate to the baggage claim area. Images produced in a classic federal style greeted passengers and visitors of the airport in a show of national pride. In commemoration of Russia Day, the state flags of Russia were placed at the entrance to the terminals of Sheremetyevo Airport. Holiday greetings were broadcast over speakers in the terminals on June 12, and videos featuring employees are being published on the airport's social media.Russia Day is a national holiday of love for the Homeland, a symbol of Russian unity, strength and faith. Sheremetyevo International Airport is among the TOP-10 airport hubs in Europe, the largest Russian airport in terms of passenger and cargo traffic. In 2019, the airport served 49 million 933 thousand passengers, which was 8.9% more than in 2018.SOURCE Sheremetyevo International Airport
edtsum7919
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: CUPERTINO, Calif.--(BUSINESS WIRE)--Apple today announced Apple Card Family, an innovative new way for people to share their Apple Card, track purchases, manage spending, and build credit together with their Family Sharing group. Available in the US in May, Apple Card Family allows two people to co-own an Apple Card, and share and merge their credit lines while building credit together equally. Apple Card Family also enables parents to share Apple Card with their children, while offering optional spending limits and controls to help teach smart and safe financial habits. Apple Card Family is designed to help the Family Sharing group achieve a healthier financial life by making it easy to track spending, all on iPhone and with a single monthly bill. We designed Apple Card Family because we saw an opportunity to reinvent how spouses, partners, and the people you trust most share credit cards and build credit together. Theres been a lack of transparency and consumer understanding in the way credit scores are calculated when there are two users of the same credit card, since the primary account holder receives the benefit of building a strong credit history while the other does not, said Jennifer Bailey, Apples vice president of Apple Pay. Apple Card Family lets people build their credit history together equally. Apple Card is the first credit card designed for iPhone and to help people lead a healthier financial life. Built into the Apple Wallet app on iPhone, Apple Card has transformed the entire credit card experience by simplifying the application process, eliminating all fees,1 encouraging users to pay less interest, and providing a new level of privacy and security. Apple Card also offers Daily Cash, which gives up to 3 percent of every purchase as cash on users Apple Cash card each day.2 And with no credit card number, CVV security code, expiration date, or signature on the card, the titanium Apple Card is more secure than any other physical credit card. Managing Apple Card Family Unlimited Daily Cash with Apple Card Apple Card offers Daily Cash, which gives back up to 3 percent of every purchase as cash on the Apple Cash card. Users will receive unlimited 2 percent Daily Cash every time they use Apple Card with Apple Pay, and unlimited 3 percent Daily Cash on all purchases made directly with Apple, including at Apple Store locations, on apple.com, the App Store, the iTunes Store, and for Apple services. Apple Card has extended 3 percent Daily Cash to more merchants and apps for customers purchasing with Apple Card using Apple Pay, including Uber and Uber Eats, Walgreens, Nike, Panera, T-Mobile, and ExxonMobil. For purchases made with the titanium Apple Card, users get 1 percent Daily Cash. For more details on 3 percent Daily Cash merchants, visit apple.com/apple-card. Daily Cash is added to users Apple Cash card each day and can be used right away for purchases using Apple Pay, to put toward their Apple Card balance, or to send to friends and family in Messages. Apple Pay is now accepted at over 90 percent of stores in the US. Apple Card delivers experiences only possible with the power of iPhone, including 24/7 support by simply sending a text from Messages. To help people better understand their spending, Apple Card uses machine learning and Apple Maps4 to clearly label transactions with merchant names and locations in Wallet, and provides weekly and monthly spending summaries. There are absolutely no fees associated with Apple Card: no annual, late, international, or over-the-limit fees.5 To help people make informed choices, Apple Card shows a range of payment options and calculates the interest cost on different payment amounts in real time in Wallet. Availability Apple Card Family is coming in May to Apple Card customers in the US and will require an update to the latest version of iOS. To apply for Apple Card, open Wallet and tap the Add (+) button. Learn more about Apple Card at apple.com/apple-card. 1 Variable APRs range from 10.99 percent to 21.99 percent based on creditworthiness. Rates as of April 1, 2020. 2 An Apple Cash card is required. The Apple Cash card is issued by Green Dot Bank, Member FDIC. See apple.com/apple-pay for more information. If you do not have an Apple Cash account, Daily Cash can be applied by you as a credit on your statement balance. Daily Cash is subject to exclusions, and additional details apply. See the Apple Card Customer Agreement for more information. 3 All Apple Card co-owners must have an Apple device with the latest version of iOS that supports Apple Card and meet all of the other eligibility requirements for Apple Card. Credit decisions determined by Goldman Sachs Bank USA, Salt Lake City Branch. For more details about Apple Card eligibility requirements visit support.apple.com. 4 Some transactions may not be displayed in Maps. 5 Late or missed payments will result in additional interest accumulating toward your balance. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apples five software platforms iOS, iPadOS, macOS, watchOS, and tvOS provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apples more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it. NOTE TO EDITORS: For additional information visit Apple Newsroom (www.apple.com/newsroom), or call Apples Media Helpline at (408) 974-2042. 2021 Apple Inc. All rights reserved. Apple, the Apple logo, Apple Card, iPhone, Apple Wallet, Daily Cash, Apple Pay, Apple Store, App Store, and iTunes Store are trademarks of Apple. Other company and product names may be trademarks of their respective owners. Answer:
Apple Introduces Apple Card Family, Enabling People to Share Apple Card and Build Credit Together
CUPERTINO, Calif.--(BUSINESS WIRE)--Apple today announced Apple Card Family, an innovative new way for people to share their Apple Card, track purchases, manage spending, and build credit together with their Family Sharing group. Available in the US in May, Apple Card Family allows two people to co-own an Apple Card, and share and merge their credit lines while building credit together equally. Apple Card Family also enables parents to share Apple Card with their children, while offering optional spending limits and controls to help teach smart and safe financial habits. Apple Card Family is designed to help the Family Sharing group achieve a healthier financial life by making it easy to track spending, all on iPhone and with a single monthly bill. We designed Apple Card Family because we saw an opportunity to reinvent how spouses, partners, and the people you trust most share credit cards and build credit together. Theres been a lack of transparency and consumer understanding in the way credit scores are calculated when there are two users of the same credit card, since the primary account holder receives the benefit of building a strong credit history while the other does not, said Jennifer Bailey, Apples vice president of Apple Pay. Apple Card Family lets people build their credit history together equally. Apple Card is the first credit card designed for iPhone and to help people lead a healthier financial life. Built into the Apple Wallet app on iPhone, Apple Card has transformed the entire credit card experience by simplifying the application process, eliminating all fees,1 encouraging users to pay less interest, and providing a new level of privacy and security. Apple Card also offers Daily Cash, which gives up to 3 percent of every purchase as cash on users Apple Cash card each day.2 And with no credit card number, CVV security code, expiration date, or signature on the card, the titanium Apple Card is more secure than any other physical credit card. Managing Apple Card Family Unlimited Daily Cash with Apple Card Apple Card offers Daily Cash, which gives back up to 3 percent of every purchase as cash on the Apple Cash card. Users will receive unlimited 2 percent Daily Cash every time they use Apple Card with Apple Pay, and unlimited 3 percent Daily Cash on all purchases made directly with Apple, including at Apple Store locations, on apple.com, the App Store, the iTunes Store, and for Apple services. Apple Card has extended 3 percent Daily Cash to more merchants and apps for customers purchasing with Apple Card using Apple Pay, including Uber and Uber Eats, Walgreens, Nike, Panera, T-Mobile, and ExxonMobil. For purchases made with the titanium Apple Card, users get 1 percent Daily Cash. For more details on 3 percent Daily Cash merchants, visit apple.com/apple-card. Daily Cash is added to users Apple Cash card each day and can be used right away for purchases using Apple Pay, to put toward their Apple Card balance, or to send to friends and family in Messages. Apple Pay is now accepted at over 90 percent of stores in the US. Apple Card delivers experiences only possible with the power of iPhone, including 24/7 support by simply sending a text from Messages. To help people better understand their spending, Apple Card uses machine learning and Apple Maps4 to clearly label transactions with merchant names and locations in Wallet, and provides weekly and monthly spending summaries. There are absolutely no fees associated with Apple Card: no annual, late, international, or over-the-limit fees.5 To help people make informed choices, Apple Card shows a range of payment options and calculates the interest cost on different payment amounts in real time in Wallet. Availability Apple Card Family is coming in May to Apple Card customers in the US and will require an update to the latest version of iOS. To apply for Apple Card, open Wallet and tap the Add (+) button. Learn more about Apple Card at apple.com/apple-card. 1 Variable APRs range from 10.99 percent to 21.99 percent based on creditworthiness. Rates as of April 1, 2020. 2 An Apple Cash card is required. The Apple Cash card is issued by Green Dot Bank, Member FDIC. See apple.com/apple-pay for more information. If you do not have an Apple Cash account, Daily Cash can be applied by you as a credit on your statement balance. Daily Cash is subject to exclusions, and additional details apply. See the Apple Card Customer Agreement for more information. 3 All Apple Card co-owners must have an Apple device with the latest version of iOS that supports Apple Card and meet all of the other eligibility requirements for Apple Card. Credit decisions determined by Goldman Sachs Bank USA, Salt Lake City Branch. For more details about Apple Card eligibility requirements visit support.apple.com. 4 Some transactions may not be displayed in Maps. 5 Late or missed payments will result in additional interest accumulating toward your balance. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apples five software platforms iOS, iPadOS, macOS, watchOS, and tvOS provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apples more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it. NOTE TO EDITORS: For additional information visit Apple Newsroom (www.apple.com/newsroom), or call Apples Media Helpline at (408) 974-2042. 2021 Apple Inc. All rights reserved. Apple, the Apple logo, Apple Card, iPhone, Apple Wallet, Daily Cash, Apple Pay, Apple Store, App Store, and iTunes Store are trademarks of Apple. Other company and product names may be trademarks of their respective owners.
edtsum7920
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: TEL AVIV, Israel, Jan. 26, 2021 /PRNewswire/ -- Secret Double Octopus, theleader inenterprisepasswordless authentication, announced today it completed its integration with ForgeRock, a global digital identity leader, and joined the ForgeRock Trust Network. Secret Double Octopus has made its Octopus Passwordless Enterprise solution for Desktop Authentication available to ForgeRock customers. The solution enables full and seamless integration with the ForgeRock Identity Platform and Authenticator mobile app and offers users a unified, simple login method compatible with a wide array of company systems, which reduces employee downtime and help desk costs. The integrated solution will address several use cases, including: Desktop Multi-factor Authentication (MFA) leveraging the ForgeRock Authenticator app to provide MFA to workstations (Windows, MAC and Linux). Passwordless Desktop augmenting the ForgeRock Authenticator mobile app to provide passwordless authentication to any workstation (in addition to support for OTP, Offline and FIDO authentication). Passwordless Enterprise eliminating passwords throughout the organization with the security and simplicity of passwordless access to domains, networks, cloud and legacy applications. Click hereto schedule a 1:1 product demonstration. The two companies will host a webinar on January 27th to demonstrate the new solution. To register, click here. A video and additional technical detail are available here. "We are very excited to take this critical step for enterprise security with an important partner like ForgeRock," said Raz Rafaeli, CEO and co-founder, Secret Double Octopus. "Secure yet simple authentication has always been a challenge for large enterprises and is only becoming more so as employees are released from the boundaries of the physical workplace. This new partnership will expand upon ForgeRock's passwordless offerings by providing another way to eliminate the pains associated with passwords by offering a single authentication mechanism to serve all their needs in a frictionless, cost-efficient way." "We are thrilled to welcome Secret Double Octopus to the ForgeRock Trust Network," said Ben Goodman, Senior Vice President, Corporate and Business Development, ForgeRock. "Enterprises are looking for easier ways for their employees and customers to engage online and together we help make that possible. We're excited to be working with Secret Double Octopus to deliver additional passwordless capabilities to our customers. Their solution enables customers to extend web authentication to the desktop, giving enterprises and consumers a more seamless experience while also keeping their data secure." "Secret Double Octopus's technology gives us the ability to offer a universal and highly secure authentication solution," saidTerence Siau, CEO of Tindo Group, aleading international system integratorspecializing in cyber security that has supported several large scale deployments of the new joint solution. "Its unique integration with ForgeRock represents a huge step forward in security and productivity for our clients." About Secret Double Octopus Secret Double Octopus is the passwordless authentication solution for the enterprise. We liberate end-users and security teams from the burden of passwords with the simplicity and security of strong passwordless authentication. The Octopus Passwordless Enterprise technology provides a unified user experience and a consistent way to access workstations, remote services, cloud applications and on-prem systems, while providing stronger protection against cyber-attacks. From being named a Gartner "Cool Vendor" in 2016, our 4thgeneration platform is now serving mid-sized to Fortune 50 customers around the globe.Learn more atwww.doubleoctopus.com. Media Contact:Julie SteigerwaldGK for Secret Double Octopus[emailprotected] SOURCE Secret Double Octopus Answer:
Secret Double Octopus Joins the ForgeRock Trust Partner Network USA - English USA - English Company Completes Integration of its Passwordless Desktop Multi-factor Authentication Solution
TEL AVIV, Israel, Jan. 26, 2021 /PRNewswire/ -- Secret Double Octopus, theleader inenterprisepasswordless authentication, announced today it completed its integration with ForgeRock, a global digital identity leader, and joined the ForgeRock Trust Network. Secret Double Octopus has made its Octopus Passwordless Enterprise solution for Desktop Authentication available to ForgeRock customers. The solution enables full and seamless integration with the ForgeRock Identity Platform and Authenticator mobile app and offers users a unified, simple login method compatible with a wide array of company systems, which reduces employee downtime and help desk costs. The integrated solution will address several use cases, including: Desktop Multi-factor Authentication (MFA) leveraging the ForgeRock Authenticator app to provide MFA to workstations (Windows, MAC and Linux). Passwordless Desktop augmenting the ForgeRock Authenticator mobile app to provide passwordless authentication to any workstation (in addition to support for OTP, Offline and FIDO authentication). Passwordless Enterprise eliminating passwords throughout the organization with the security and simplicity of passwordless access to domains, networks, cloud and legacy applications. Click hereto schedule a 1:1 product demonstration. The two companies will host a webinar on January 27th to demonstrate the new solution. To register, click here. A video and additional technical detail are available here. "We are very excited to take this critical step for enterprise security with an important partner like ForgeRock," said Raz Rafaeli, CEO and co-founder, Secret Double Octopus. "Secure yet simple authentication has always been a challenge for large enterprises and is only becoming more so as employees are released from the boundaries of the physical workplace. This new partnership will expand upon ForgeRock's passwordless offerings by providing another way to eliminate the pains associated with passwords by offering a single authentication mechanism to serve all their needs in a frictionless, cost-efficient way." "We are thrilled to welcome Secret Double Octopus to the ForgeRock Trust Network," said Ben Goodman, Senior Vice President, Corporate and Business Development, ForgeRock. "Enterprises are looking for easier ways for their employees and customers to engage online and together we help make that possible. We're excited to be working with Secret Double Octopus to deliver additional passwordless capabilities to our customers. Their solution enables customers to extend web authentication to the desktop, giving enterprises and consumers a more seamless experience while also keeping their data secure." "Secret Double Octopus's technology gives us the ability to offer a universal and highly secure authentication solution," saidTerence Siau, CEO of Tindo Group, aleading international system integratorspecializing in cyber security that has supported several large scale deployments of the new joint solution. "Its unique integration with ForgeRock represents a huge step forward in security and productivity for our clients." About Secret Double Octopus Secret Double Octopus is the passwordless authentication solution for the enterprise. We liberate end-users and security teams from the burden of passwords with the simplicity and security of strong passwordless authentication. The Octopus Passwordless Enterprise technology provides a unified user experience and a consistent way to access workstations, remote services, cloud applications and on-prem systems, while providing stronger protection against cyber-attacks. From being named a Gartner "Cool Vendor" in 2016, our 4thgeneration platform is now serving mid-sized to Fortune 50 customers around the globe.Learn more atwww.doubleoctopus.com. Media Contact:Julie SteigerwaldGK for Secret Double Octopus[emailprotected] SOURCE Secret Double Octopus
edtsum7921
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 Percutaneous Coronary Intervention Market Outlook 2027" report has been added to ResearchAndMarkets.com's offering. The global percutaneous coronary intervention market is anticipated to record a CAGR of 5.39% over the forecast period, i.e. 2020-2027.Factors such as rising number of FDA approved products, increasing incidences of chronic cardiovascular diseases along with growing development in the healthcare sector in nations around the world are some of the factors anticipated to contribute towards the growth of the global percutaneous coronary intervention market. According to the World Health Organization (WHO), in the year 2016 the global cardiovascular disease death burden is anticipated to reach 17.9 million.The global percutaneous coronary intervention market consists of various segments that are segmented by product, end users and by region. The end users segment is further sub-segmented into hospital, clinics, ambulatory surgical centers and research & academic institutes, out of which, hospital segment, which has a market value of USD 8,702 million in the year 2018, is anticipated to grow with a CAGR of 4.95% over the forecast period. Moreover, the ambulatory surgical centers segment is anticipated to hold the largest CAGR of 6.41% over the forecast period.Based on region, the global percutaneous coronary intervention market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in Asia Pacific, which had accounted for a value of USD 3,109.73 million in the year 2018, is estimated to witness the highest CAGR of 6.08% over the forecast period owing to the rising geriatric population and the increasing demand for advanced high accuracy surgical solutions, especially from nations, such as China, Japan and India.Some of the affluent industry leaders in the global percutaneous coronary intervention market are Abbott, Boston Scientific Corporation, Medtronic plc, Teleflex Incorporated, B. Braun Melsungen AG, Getinge AB, Terumo Corporation, Asahi Intecc Co., Ltd., Becton, Dickinson and Company and Biosensors International Group, Ltd.Key Topics Covered 1. Introduction Market Definition Market Segmentation Product Overview 2. Assumptions And Acronyms3. Research Methodology Research Process Secondary Research Primary Research Market Size Estimation 4. Executive Summary - Global Percutaneous Coronary Intervention Market5. Policies And Regulations6. Analysis Of Market Dynamics6.1. Growth Drivers6.2. Key Trends7. Key Market Opportunities8. Major Roadblocks For The Market Growth9. Industry Risk Analysis Demand Risk Analysis Supply Risk Analysis 10. Evaluation Of Innovative Technologies In Catheters Used In Intervention Cardiology11. Clinical Trial Analysis12. Average Pricing Analysis13. Comparison Of Different Innovations Used In Angioplasty Procedures14. Epidemiology Analysis Obstructive Coronary Artery Disease Spontaneous Coronary Artery Dissection (Scad) Age Group Of The People Preferring Percutaneous Coronary Intervention 15. Global Percutaneous Coronary Intervention Market Outlook15.1. Market Size And Forecast, 2018-202715.2. Global Percutaneous Coronary Intervention Market Segmentation, 2018-202715.2.1. By Product15.2.2. By End-Users16. By Region16.1. North America Percutaneous Coronary Intervention Market, 2018-2027F (Usd Million)16.2. Europe Percutaneous Coronary Intervention Market, 2018-2027F (Usd Million)16.3. Asia Pacific Percutaneous Coronary Intervention Market, 2018-2027F (Usd Million)16.4. Latin America Percutaneous Coronary Intervention Market, 2018-2027F (Usd Million)16.5. Middle East & Africa Percutaneous Coronary Intervention Market, 2018-2027F (Usd Million)17. Company Profiles Abbott Detailed Overview Assessment Of Key Offerings Analysis Of Growth Strategies Exhaustive Analysis On Key Finacial Indicators Key Partners Recent News And Developments Boston Scientific Medtronic Teleflex Incorporated B. Braun Melsungen AG Getinge AB Terumo Corporation Asahi Intecc Co. Ltd. Bector Dickinson & Company Biosensors International Group, Ltd. For more information about this report visit https://www.researchandmarkets.com/r/xmqg7q 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:
Percutaneous Coronary Intervention Industry, 2027: Clinical Trials, Average Pricing, Epidemiology, Opportunities, Roadblocks
DUBLIN, May 5, 2020 /PRNewswire/ -- The "Global Percutaneous Coronary Intervention Market Outlook 2027" report has been added to ResearchAndMarkets.com's offering. The global percutaneous coronary intervention market is anticipated to record a CAGR of 5.39% over the forecast period, i.e. 2020-2027.Factors such as rising number of FDA approved products, increasing incidences of chronic cardiovascular diseases along with growing development in the healthcare sector in nations around the world are some of the factors anticipated to contribute towards the growth of the global percutaneous coronary intervention market. According to the World Health Organization (WHO), in the year 2016 the global cardiovascular disease death burden is anticipated to reach 17.9 million.The global percutaneous coronary intervention market consists of various segments that are segmented by product, end users and by region. The end users segment is further sub-segmented into hospital, clinics, ambulatory surgical centers and research & academic institutes, out of which, hospital segment, which has a market value of USD 8,702 million in the year 2018, is anticipated to grow with a CAGR of 4.95% over the forecast period. Moreover, the ambulatory surgical centers segment is anticipated to hold the largest CAGR of 6.41% over the forecast period.Based on region, the global percutaneous coronary intervention market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in Asia Pacific, which had accounted for a value of USD 3,109.73 million in the year 2018, is estimated to witness the highest CAGR of 6.08% over the forecast period owing to the rising geriatric population and the increasing demand for advanced high accuracy surgical solutions, especially from nations, such as China, Japan and India.Some of the affluent industry leaders in the global percutaneous coronary intervention market are Abbott, Boston Scientific Corporation, Medtronic plc, Teleflex Incorporated, B. Braun Melsungen AG, Getinge AB, Terumo Corporation, Asahi Intecc Co., Ltd., Becton, Dickinson and Company and Biosensors International Group, Ltd.Key Topics Covered 1. Introduction Market Definition Market Segmentation Product Overview 2. Assumptions And Acronyms3. Research Methodology Research Process Secondary Research Primary Research Market Size Estimation 4. Executive Summary - Global Percutaneous Coronary Intervention Market5. Policies And Regulations6. Analysis Of Market Dynamics6.1. Growth Drivers6.2. Key Trends7. Key Market Opportunities8. Major Roadblocks For The Market Growth9. Industry Risk Analysis Demand Risk Analysis Supply Risk Analysis 10. Evaluation Of Innovative Technologies In Catheters Used In Intervention Cardiology11. Clinical Trial Analysis12. Average Pricing Analysis13. Comparison Of Different Innovations Used In Angioplasty Procedures14. Epidemiology Analysis Obstructive Coronary Artery Disease Spontaneous Coronary Artery Dissection (Scad) Age Group Of The People Preferring Percutaneous Coronary Intervention 15. Global Percutaneous Coronary Intervention Market Outlook15.1. Market Size And Forecast, 2018-202715.2. Global Percutaneous Coronary Intervention Market Segmentation, 2018-202715.2.1. By Product15.2.2. By End-Users16. By Region16.1. North America Percutaneous Coronary Intervention Market, 2018-2027F (Usd Million)16.2. Europe Percutaneous Coronary Intervention Market, 2018-2027F (Usd Million)16.3. Asia Pacific Percutaneous Coronary Intervention Market, 2018-2027F (Usd Million)16.4. Latin America Percutaneous Coronary Intervention Market, 2018-2027F (Usd Million)16.5. Middle East & Africa Percutaneous Coronary Intervention Market, 2018-2027F (Usd Million)17. Company Profiles Abbott Detailed Overview Assessment Of Key Offerings Analysis Of Growth Strategies Exhaustive Analysis On Key Finacial Indicators Key Partners Recent News And Developments Boston Scientific Medtronic Teleflex Incorporated B. Braun Melsungen AG Getinge AB Terumo Corporation Asahi Intecc Co. Ltd. Bector Dickinson & Company Biosensors International Group, Ltd. For more information about this report visit https://www.researchandmarkets.com/r/xmqg7q 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
edtsum7922
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: NEW YORK, Oct. 13, 2020 /PRNewswire/ --ArkFoods the modern-day farming company bringing unique vegetables and vegetable-based creations to the produce aisle debuted its Clean Label Salad line today at the Produce Marketing Association'sFreshSummitvirtual trade show.Clean Label Salads, made entirely from ingredients great-grandmas would recognize, join Ark Foods' lineup of best-selling heat-and-eat Veggie Bowls, and serve as an easier, healthier, affordable lunch option amidst a 40% rise in home cooking seen from the COVID-19 pandemic* (The Food Industry Association, 2020). Continue Reading One of four SKUs in Ark Foods' new Clean Label Salad line, debuting in stores this January. "Launching our Clean Label Salads at this time became even more important to us as we saw how customers adjusted to a new normal," says Noah Robbins, founder and CEO. "We're proud to offer two full product lines to choose from when it comes to eating clean without steep costs or effort in the kitchen. We can't wait to introduce these salads to customers." The line will consist of fourSKUsfeaturing updated nods to classic salads, with vegetables rarely seen in ready-to-eat salads, like watermelon radish and golden beets. The bowls range from 330-410 calories and deliver between 13-18 grams of protein for consumers focused on fueling up while achieving their health goals. Crunchy Kale Ranch - Plant-based ranch dressing, chickpea croutons, pepitas, brussels sprouts, sun-dried tomatoes Bright Pesto Greens - Vegan pesto dressing, chickpea croutons, cashews, sun-dried tomatoes, golden beets Cashew Kale Caesar - Plant-based Caesar dressing, chickpea croutons, red cabbage, watermelon radish Ginger Sesame Greens - Ginger sesame dressing, pepitas, cashews, red carrots, red cabbage Clean Label Salads will be available starting in early 2021, at $4.99 MSRP per salad.About Ark FoodsArk Foods is a modern-day farming company that creates simple, fresh, and exciting food. From unique peppers andHoneynutSquash to plant-based Veggie Bowls, Ark Foods believes there's magic in growing and eating vegetables, and works every day to share this feeling with the world. Ark Foods has built its own ecosystem and is deeply involved at every stage of production, from purchasing the highest-quality seeds to growing crops responsibly, and producing imaginative food that, in any form it might take, will be remarkable. Ark Foods is available at select retailers nationwide including Whole Foods Market,Costco, andWalmart.For more information, visitwww.arkfoods.comor follow onInstagram@arkfoods.Media Contact: Melanie BakerCompany: Ark FoodsPhone: 203-969-4160Email:[emailprotected]Related FilesTop_CashewKale.jpgTop_BrightPesto.jpgRelated Imagesark-foods-crunchy-kale-ranch.jpg Ark Foods' Crunchy Kale Ranch One of four SKUs in Ark Foods' new Clean Label Salad line, debuting in stores this January. ark-foods-ginger-sesame-greens.jpg Ark Foods' Ginger Sesame Greens One of four SKUs in Ark Foods' new Clean Label Salad line, debuting in stores this January. SOURCE Ark Foods Answer:
Ark Foods Introduces Clean Label Salads at PMA FreshSummit The protein-packed, 100% plant-based salad line will debut in stores this January
NEW YORK, Oct. 13, 2020 /PRNewswire/ --ArkFoods the modern-day farming company bringing unique vegetables and vegetable-based creations to the produce aisle debuted its Clean Label Salad line today at the Produce Marketing Association'sFreshSummitvirtual trade show.Clean Label Salads, made entirely from ingredients great-grandmas would recognize, join Ark Foods' lineup of best-selling heat-and-eat Veggie Bowls, and serve as an easier, healthier, affordable lunch option amidst a 40% rise in home cooking seen from the COVID-19 pandemic* (The Food Industry Association, 2020). Continue Reading One of four SKUs in Ark Foods' new Clean Label Salad line, debuting in stores this January. "Launching our Clean Label Salads at this time became even more important to us as we saw how customers adjusted to a new normal," says Noah Robbins, founder and CEO. "We're proud to offer two full product lines to choose from when it comes to eating clean without steep costs or effort in the kitchen. We can't wait to introduce these salads to customers." The line will consist of fourSKUsfeaturing updated nods to classic salads, with vegetables rarely seen in ready-to-eat salads, like watermelon radish and golden beets. The bowls range from 330-410 calories and deliver between 13-18 grams of protein for consumers focused on fueling up while achieving their health goals. Crunchy Kale Ranch - Plant-based ranch dressing, chickpea croutons, pepitas, brussels sprouts, sun-dried tomatoes Bright Pesto Greens - Vegan pesto dressing, chickpea croutons, cashews, sun-dried tomatoes, golden beets Cashew Kale Caesar - Plant-based Caesar dressing, chickpea croutons, red cabbage, watermelon radish Ginger Sesame Greens - Ginger sesame dressing, pepitas, cashews, red carrots, red cabbage Clean Label Salads will be available starting in early 2021, at $4.99 MSRP per salad.About Ark FoodsArk Foods is a modern-day farming company that creates simple, fresh, and exciting food. From unique peppers andHoneynutSquash to plant-based Veggie Bowls, Ark Foods believes there's magic in growing and eating vegetables, and works every day to share this feeling with the world. Ark Foods has built its own ecosystem and is deeply involved at every stage of production, from purchasing the highest-quality seeds to growing crops responsibly, and producing imaginative food that, in any form it might take, will be remarkable. Ark Foods is available at select retailers nationwide including Whole Foods Market,Costco, andWalmart.For more information, visitwww.arkfoods.comor follow onInstagram@arkfoods.Media Contact: Melanie BakerCompany: Ark FoodsPhone: 203-969-4160Email:[emailprotected]Related FilesTop_CashewKale.jpgTop_BrightPesto.jpgRelated Imagesark-foods-crunchy-kale-ranch.jpg Ark Foods' Crunchy Kale Ranch One of four SKUs in Ark Foods' new Clean Label Salad line, debuting in stores this January. ark-foods-ginger-sesame-greens.jpg Ark Foods' Ginger Sesame Greens One of four SKUs in Ark Foods' new Clean Label Salad line, debuting in stores this January. SOURCE Ark Foods
edtsum7923
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: ZEELAND, Mich.and EAST GREENVILLE, Pa., April 19, 2021 /PRNewswire/ --Herman Miller, Inc. (NASDAQ: MLHR) and Knoll Inc. (NYSE: KNL) today announced that they have entered into a definitive agreement under which Herman Miller will acquire Knoll in a cash and stock transaction valued at $1.8 billion. The transaction, which has been unanimously approved by the Boards of Directors of both companies, is expected to close by the end of the third quarter of calendar year 2021, subject to the satisfaction of closing conditions. Under the terms of the agreement, Knoll shareholders will receive $11.00 in cash and 0.32 shares of Herman Miller common stock for each share of Knoll common stock they own. Based on Herman Miller's five-day volume weighted average price of $43.94 per share, the transaction terms imply a purchase price of $25.06 per share, representing a 45% premium to Knoll's closing share price on April 16, 2021.Upon completion of the transaction, Herman Miller shareholders will own approximately 78% of the combined company and Knoll shareholders will own approximately 22%. In connection with the closing of the transaction, Herman Miller will purchase all of the outstanding shares of Knoll's preferred stock from Investindustrial VII L.P. ("Investindustrial") for a fixed cash consideration of $253 million, representing an equivalent price of $25.06 for each underlying share of Knoll common stock. Investindustrial has entered into a voting agreement to vote in favor of the transaction at the special meeting of Knoll shareholders to be held in connection with the transaction. This highly complementary combination will create the preeminent leader in modern design, catalyzing the transformation of the home and office sectors at a time of unprecedented disruption. Herman Miller and Knoll collectively have 19 leading brands, presence across over 100 countries worldwide, a global dealer network, 64 showrooms globally, more than 50 physical retail locations and global multi-channel eCommerce capabilities. The combined company will have pro forma annual revenue of approximately $3.6 billion and pro forma adjusted EBITDA of approximately $552 million, based on each company's respective last reported 12 months and including the anticipated $100 million of cost synergies, implying adjusted EBITDA margins of approximately 16%. "This transaction brings together two pioneering icons of design with strong businesses, attractive portfolios and long histories of innovation," said Andi Owen, President and Chief Executive Officer of Herman Miller. "As distributed working models become the new normal for companies, businesses are reimagining the office to foster collaboration, culture and focused work, while supporting a growing remote employee base. At the same time, consumers are making significant investments in their homes. With a broad portfolio, global footprint and advanced digital capabilities, we will be poised to meet our customers everywhere they live and work. Together, we will offer a deep portfolio of brands, technology, talent and innovation, to create meaningful growth opportunities in all areas of the combined business." "This combination validates the strategic direction and our success in building a preeminent constellation of design-driven brands and leaders, and is a testament to the achievements of the entire Knoll team inbringing a contemporary perspective to how we work and live," said Andrew Cogan, Knoll Chairman and Chief Executive Officer. "We believe this combination offers significant benefits to our shareholders, clients, dealers and associates. Our shareholders will receive immediate and certain value, as well as future upside potential through ownership in an industry leader with significant growth opportunities. Our clients, the design community and dealers will have access to an expanded, exceptional portfolio of brands through enhanced channels. And our associates will benefit as part of a larger and more diversified company with a shared design legacy." Ms. Owen added, "In addition to driving value for Herman Miller and Knoll shareholders, dealers and customers will benefit from a broader combined portfolio that will deliver beauty, joy, efficiency and utility. The transaction will also create enhanced opportunities for employees across both organizations. Herman Miller and Knoll both have cultures guided by values that support problem-solving design, and doing well by doing good, and these shared beliefs will contribute to a smooth integration." Compelling Strategic and Financial Benefits Pairs two industry pioneers to catalyze the transformation of the home and office at a time of unprecedented disruption. As powerful trends reshape our lives including distributed work, a greater focus on the home, digital disruption, the rise of DTC business models and a focus on sustainability, the health and well-being of employees, communities and the planet the combined company will be well positioned to lead the industry in redefining home and office design solutions. Combines two highly complementary businesses to create a broader product portfolio. The transaction unites two exceptional portfolios of complementary brands, each with its own design legacy that places them at the epicenter of modern furnishings, and more broadly, modern design. Enhances scale and capabilities to drive growth and profitability. The combined company will have a scaled U.S. and international footprint to facilitate growth of the combined portfolio through Herman Miller's and Knoll's well-established distribution channels. Together, Herman Miller and Knoll will have increased reach and the ability to better serve customers across the contract furnishings sector, residential trade segment and retail audience. In addition, the transaction will enhance engagement with architects and interior designers, who support the decision-making for both Contract and Residential customers. Accelerates digital and technology transformation. Herman Miller's digital transformation in both the Retail and Contract channels provides a strong foundation for the combined company to scale existing investments in both new and expanded digital capabilities. These investments will enable the combined company to further accelerate progress, ensuring it meets the highest level of manufacturing excellence, customer sales and service, and user experience. Brings together common cultures and capabilities, with a shared commitment to social responsibility. Herman Miller and Knoll have a long history and shared cultures and commitment to design, innovation, operational excellence, sustainability and social good. The transaction will ensure that the combined company continues to deliver the highest quality products to customers while further reinforcing Herman Miller's and Knoll's shared focus on building more sustainable, diverse and inclusive enterprises. Delivers significant financial benefits. The transaction is expected to generate $100 million of run-rate cost synergies within two years of closing, driven primarily by SG&A, supply chain, procurement and logistics savings. Bringing together Herman Miller and Knoll is also expected to generate significant revenue synergies across the combined business through enhanced scale, cross-selling, and digital and eCommerce opportunities. The transaction is expected to be accretive to Herman Miller's adjusted cash earnings per share in the first 12 months following the close of the transaction. Following the close of the transaction, Ms. Owen will serve as President and Chief Executive Officer of the combined company. Mr. Cogan plans to depart the combined company upon closing of the transaction after a successful 30-year career with Knoll, during which time Knoll received the National Design Award for Corporate and Institutional Achievement from the Smithsonian's Cooper-Hewitt, National Design Museum. Commenting on Mr. Cogan's leadership, Ms. Owen concluded, "I want to thank Andrew for his partnership in reaching this agreement and recognize his outstanding dedication to Knoll during its many years of success. Knoll thrives today as a result of Andrew's dedication to its founders' commitment to good design.In the process, he has built an organization and brand portfolio dedicated to design leadership, operational excellence, digital innovation and customer experience, building on the storied Knoll heritage and pioneering the development of groundbreaking products. We look forward to welcoming Knoll's incredibly talented team." Approvals, Financing and Timing to Close The transaction, which is expected to close by the end of the third quarter of calendar year 2021, is subject to approval by Herman Miller and Knoll shareholders, the receipt of required regulatory approvals and the satisfaction of other customary closing conditions. The transaction is not conditioned on financing. Herman Miller expects to fund the cash portion of the transaction consideration with a combination of new debt and cash on hand. Herman Miller has obtained a commitment from Goldman Sachs for $1.751 billion of senior secured revolving and term loan credit facilities, subject to customary conditions. Advisors Goldman Sachs & Co. LLC is serving as financial advisor to Herman Miller and Wachtell, Lipton, Rosen & Katz is serving as legal advisor. BofA Securities is serving as financial advisor to Knoll and Sullivan & Cromwell is serving as legal advisor. Conference Call, Webcast and Presentation Herman Miller and Knoll will host a conference call and webcast today at 8:30 a.m. ET to discuss the transaction. The webcast and accompanying slides can be accessed on the internet in the investor relations section of either www.hermanmiller.com or www.knoll.com. The live call is also available by dialing (877) 524-8416 within the U.S. and (412) 902-1028 for international callers. A replay of the conference call will be available on both companies' investor relations websites following the call. Transaction Website Additional information on the transaction and related materials can be found on a joint transaction website at www.NewLeaderInModernDesign.com. About Herman Miller Herman Miller is a globally recognized leader in design. Since its inception in 1905, the company's innovative, problem-solving designs and furnishings have inspired the best in people wherever they live, work, learn, heal, and play. In 2018, Herman Miller created Herman Miller Group, a purposefully selected, complementary family of brands that includes Colebrook Bosson Saunders, Design Within Reach, Geiger, HAY, Maars Living Walls, Maharam, and naughtone. Guided by a shared purposedesign for the good of humankindHerman Miller Group shapes places that matter for customers while contributing to a more equitable and sustainable future for all. For more information visit www.hermanmiller.com/about-us. About Knoll Knoll, Inc. is a constellation of design-driven brands and people, working together with our clients in person and digitally to create inspired modern interiors. Our internationally recognized portfolio includes furniture, textiles, leathers, accessories, and architectural and acoustical elements. Our brands Knoll Office, KnollStudio, KnollTextiles, KnollExtra, Spinneybeck | FilzFelt, Edelman Leather, HOLLY HUNT, DatesWeiser, Muuto, and Fully reflect our commitment to modern design that meets the diverse requirements of high performance workplaces, work from home settings and luxury residential interiors. A recipient of the National Design Award for Corporate and Institutional Achievement from the Smithsonian`s Cooper-Hewitt, National Design Museum, Knoll, Inc. is aligned with the U.S. Green Building Council and the Canadian Green Building Council and can help organizations achieve the Leadership in Energy and Environmental Design (LEED) workplace certification. Our products can also help clients comply with the International Living Future Institute to achieve Living Building Challenge Certification, and with the International WELL Building Institute to attain WELL Building Certification. Knoll, Inc. is the founding sponsor of the World Monuments Fund Modernism at Risk program. Forward-Looking Statements This press release relates to a proposed business combination transaction between Herman Miller, Inc. (the "Company") and Knoll, Inc. ("Knoll"). This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements relate to future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, the anticipated impact of the proposed transaction on the combined company's business and future financial and operating results, the expected amount and timing of synergies from the proposed transaction, the anticipated closing date for the proposed transaction and other aspects of our operations or operating results. These forward-looking statements generally can be identified by phrases such as "will," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of the combined companies or the price of the Company's or Knoll's stock. These forward-looking statements involve certain risks and uncertainties, many of which are beyond the parties' control, that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to: the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; the effect of the announcement of the merger on the ability of the Company or Knoll to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom the Company or Knoll does business, or on the Company's or Knoll's operating results and business generally; risks that the merger disrupts current plans and operations and the potential difficulties in employee retention as a result of the merger; the outcome of any legal proceedings related to the merger; the ability of the parties to consummate the proposed transaction on a timely basis or at all; the satisfaction of the conditions precedent to consummation of the proposed transaction, including the ability to secure regulatory approvals on the terms expected, at all or in a timely manner; the ability of the Company to successfully integrate Knoll's operations; the ability of the Company to implement its plans, forecasts and other expectations with respect to the Company's business after the completion of the transaction and realize expected synergies; business disruption following the merger; general economic conditions; the availability and pricing of raw materials; the financial strength of our dealers and the financial strength of our customers; the success of newly-introduced products; the pace and level of government procurement; and the outcome of pending litigation or governmental audits or investigations. These risks, as well as other risks related to the proposed transaction, will be included in the registration statement on Form S-4 and joint proxy statement/prospectus that will be filed with the Securities and Exchange Commission (the "SEC") in connection with the proposed transaction. While the risks presented here, and those to be presented in the registration statement on Form S-4, are considered representative, they should not be considered a complete statement of all potential risks and uncertainties. For additional information about other factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to the Company's and Knoll's respective periodic reports and other filings with the SEC, including the risk factors identified in the Company's and Knoll's most recent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. The forward-looking statements included in this press release are made only as of the date hereof. Neither the Company nor Knoll undertakes any obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by law. No Offer or Solicitation This press release is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. Additional Information About the Merger and Where to Find It In connection with the proposed transaction, the Company intends to file with the SEC a registration statement on Form S-4 that will include a joint proxy statement of the Company and Knoll and that also constitutes a prospectus of the Company. Each of the Company and Knoll may also file other relevant documents with the SEC regarding the proposed transaction. This document is not a substitute for the proxy statement/prospectus or registration statement or any other document that the Company or Knoll may file with the SEC. The definitive joint proxy statement/prospectus (if and when available) will be mailed to stockholders of the Company and Knoll. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders will be able to obtain free copies of the registration statement and joint proxy statement/prospectus (if and when available) and other documents containing important information about the Company, Knoll and the proposed transaction, once such documents are filed with the SEC through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by the Company will be available free of charge on the Company's website at https://investors.hermanmiller.com/sec-filings or by contacting the Company's Investor Relations department at [emailprotected]. Copies of the documents filed with the SEC by Knoll will be available free of charge on Knoll's website at https://knoll.gcs-web.com/sec-filings or by contacting Knoll's Investor Relations department at [emailprotected]. Participants in the Solicitation The Company, Knoll and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information about the directors and executive officers of the Company, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in the Company's proxy statement for its 2020 Annual Meeting of Stockholders, which was filed with the SEC on September 1, 2020, and the Company's Annual Report on Form 10-K for the fiscal year ended May 30, 2020, which was filed with the SEC on July 28, 2020, as well as in a Form 8-K filed by the Company with the SEC on July 17, 2020. Information about the directors and executive officers of Knoll, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Knoll's proxy statement for its 2021 Annual Meeting of Stockholders, which was filed with the SEC on April 1, 2021, and Knoll's Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on March 1, 2021. Other information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the proposed transaction when such materials become available. Investors should read the joint proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the Company or Knoll using the sources indicated above. Contacts Herman Miller Investors: Jeff Stutz Chief Financial Officer616 654-8538[emailprotected] Kevin Veltman VP of Investor Relations & Treasurer616 654-3973 [emailprotected] Media: Todd Woodward[emailprotected]616 654-5977 Knoll Investors: Charles RayfieldSenior Vice President and Chief Financial Officer215 679-1703[emailprotected] Media: David E. BrightSenior Vice President, Communications212 343-4135[emailprotected] 1 Includes $1.25 billion of term loan facilities and a $0.5 billion revolving credit facility expected to be undrawn at close. SOURCE Herman Miller, Inc.; Knoll, Inc. Answer:
Herman Miller and Knoll to Combine, Creating the Preeminent Leader in Modern Design, Catalyzing the Transformation of the Home and Office
ZEELAND, Mich.and EAST GREENVILLE, Pa., April 19, 2021 /PRNewswire/ --Herman Miller, Inc. (NASDAQ: MLHR) and Knoll Inc. (NYSE: KNL) today announced that they have entered into a definitive agreement under which Herman Miller will acquire Knoll in a cash and stock transaction valued at $1.8 billion. The transaction, which has been unanimously approved by the Boards of Directors of both companies, is expected to close by the end of the third quarter of calendar year 2021, subject to the satisfaction of closing conditions. Under the terms of the agreement, Knoll shareholders will receive $11.00 in cash and 0.32 shares of Herman Miller common stock for each share of Knoll common stock they own. Based on Herman Miller's five-day volume weighted average price of $43.94 per share, the transaction terms imply a purchase price of $25.06 per share, representing a 45% premium to Knoll's closing share price on April 16, 2021.Upon completion of the transaction, Herman Miller shareholders will own approximately 78% of the combined company and Knoll shareholders will own approximately 22%. In connection with the closing of the transaction, Herman Miller will purchase all of the outstanding shares of Knoll's preferred stock from Investindustrial VII L.P. ("Investindustrial") for a fixed cash consideration of $253 million, representing an equivalent price of $25.06 for each underlying share of Knoll common stock. Investindustrial has entered into a voting agreement to vote in favor of the transaction at the special meeting of Knoll shareholders to be held in connection with the transaction. This highly complementary combination will create the preeminent leader in modern design, catalyzing the transformation of the home and office sectors at a time of unprecedented disruption. Herman Miller and Knoll collectively have 19 leading brands, presence across over 100 countries worldwide, a global dealer network, 64 showrooms globally, more than 50 physical retail locations and global multi-channel eCommerce capabilities. The combined company will have pro forma annual revenue of approximately $3.6 billion and pro forma adjusted EBITDA of approximately $552 million, based on each company's respective last reported 12 months and including the anticipated $100 million of cost synergies, implying adjusted EBITDA margins of approximately 16%. "This transaction brings together two pioneering icons of design with strong businesses, attractive portfolios and long histories of innovation," said Andi Owen, President and Chief Executive Officer of Herman Miller. "As distributed working models become the new normal for companies, businesses are reimagining the office to foster collaboration, culture and focused work, while supporting a growing remote employee base. At the same time, consumers are making significant investments in their homes. With a broad portfolio, global footprint and advanced digital capabilities, we will be poised to meet our customers everywhere they live and work. Together, we will offer a deep portfolio of brands, technology, talent and innovation, to create meaningful growth opportunities in all areas of the combined business." "This combination validates the strategic direction and our success in building a preeminent constellation of design-driven brands and leaders, and is a testament to the achievements of the entire Knoll team inbringing a contemporary perspective to how we work and live," said Andrew Cogan, Knoll Chairman and Chief Executive Officer. "We believe this combination offers significant benefits to our shareholders, clients, dealers and associates. Our shareholders will receive immediate and certain value, as well as future upside potential through ownership in an industry leader with significant growth opportunities. Our clients, the design community and dealers will have access to an expanded, exceptional portfolio of brands through enhanced channels. And our associates will benefit as part of a larger and more diversified company with a shared design legacy." Ms. Owen added, "In addition to driving value for Herman Miller and Knoll shareholders, dealers and customers will benefit from a broader combined portfolio that will deliver beauty, joy, efficiency and utility. The transaction will also create enhanced opportunities for employees across both organizations. Herman Miller and Knoll both have cultures guided by values that support problem-solving design, and doing well by doing good, and these shared beliefs will contribute to a smooth integration." Compelling Strategic and Financial Benefits Pairs two industry pioneers to catalyze the transformation of the home and office at a time of unprecedented disruption. As powerful trends reshape our lives including distributed work, a greater focus on the home, digital disruption, the rise of DTC business models and a focus on sustainability, the health and well-being of employees, communities and the planet the combined company will be well positioned to lead the industry in redefining home and office design solutions. Combines two highly complementary businesses to create a broader product portfolio. The transaction unites two exceptional portfolios of complementary brands, each with its own design legacy that places them at the epicenter of modern furnishings, and more broadly, modern design. Enhances scale and capabilities to drive growth and profitability. The combined company will have a scaled U.S. and international footprint to facilitate growth of the combined portfolio through Herman Miller's and Knoll's well-established distribution channels. Together, Herman Miller and Knoll will have increased reach and the ability to better serve customers across the contract furnishings sector, residential trade segment and retail audience. In addition, the transaction will enhance engagement with architects and interior designers, who support the decision-making for both Contract and Residential customers. Accelerates digital and technology transformation. Herman Miller's digital transformation in both the Retail and Contract channels provides a strong foundation for the combined company to scale existing investments in both new and expanded digital capabilities. These investments will enable the combined company to further accelerate progress, ensuring it meets the highest level of manufacturing excellence, customer sales and service, and user experience. Brings together common cultures and capabilities, with a shared commitment to social responsibility. Herman Miller and Knoll have a long history and shared cultures and commitment to design, innovation, operational excellence, sustainability and social good. The transaction will ensure that the combined company continues to deliver the highest quality products to customers while further reinforcing Herman Miller's and Knoll's shared focus on building more sustainable, diverse and inclusive enterprises. Delivers significant financial benefits. The transaction is expected to generate $100 million of run-rate cost synergies within two years of closing, driven primarily by SG&A, supply chain, procurement and logistics savings. Bringing together Herman Miller and Knoll is also expected to generate significant revenue synergies across the combined business through enhanced scale, cross-selling, and digital and eCommerce opportunities. The transaction is expected to be accretive to Herman Miller's adjusted cash earnings per share in the first 12 months following the close of the transaction. Following the close of the transaction, Ms. Owen will serve as President and Chief Executive Officer of the combined company. Mr. Cogan plans to depart the combined company upon closing of the transaction after a successful 30-year career with Knoll, during which time Knoll received the National Design Award for Corporate and Institutional Achievement from the Smithsonian's Cooper-Hewitt, National Design Museum. Commenting on Mr. Cogan's leadership, Ms. Owen concluded, "I want to thank Andrew for his partnership in reaching this agreement and recognize his outstanding dedication to Knoll during its many years of success. Knoll thrives today as a result of Andrew's dedication to its founders' commitment to good design.In the process, he has built an organization and brand portfolio dedicated to design leadership, operational excellence, digital innovation and customer experience, building on the storied Knoll heritage and pioneering the development of groundbreaking products. We look forward to welcoming Knoll's incredibly talented team." Approvals, Financing and Timing to Close The transaction, which is expected to close by the end of the third quarter of calendar year 2021, is subject to approval by Herman Miller and Knoll shareholders, the receipt of required regulatory approvals and the satisfaction of other customary closing conditions. The transaction is not conditioned on financing. Herman Miller expects to fund the cash portion of the transaction consideration with a combination of new debt and cash on hand. Herman Miller has obtained a commitment from Goldman Sachs for $1.751 billion of senior secured revolving and term loan credit facilities, subject to customary conditions. Advisors Goldman Sachs & Co. LLC is serving as financial advisor to Herman Miller and Wachtell, Lipton, Rosen & Katz is serving as legal advisor. BofA Securities is serving as financial advisor to Knoll and Sullivan & Cromwell is serving as legal advisor. Conference Call, Webcast and Presentation Herman Miller and Knoll will host a conference call and webcast today at 8:30 a.m. ET to discuss the transaction. The webcast and accompanying slides can be accessed on the internet in the investor relations section of either www.hermanmiller.com or www.knoll.com. The live call is also available by dialing (877) 524-8416 within the U.S. and (412) 902-1028 for international callers. A replay of the conference call will be available on both companies' investor relations websites following the call. Transaction Website Additional information on the transaction and related materials can be found on a joint transaction website at www.NewLeaderInModernDesign.com. About Herman Miller Herman Miller is a globally recognized leader in design. Since its inception in 1905, the company's innovative, problem-solving designs and furnishings have inspired the best in people wherever they live, work, learn, heal, and play. In 2018, Herman Miller created Herman Miller Group, a purposefully selected, complementary family of brands that includes Colebrook Bosson Saunders, Design Within Reach, Geiger, HAY, Maars Living Walls, Maharam, and naughtone. Guided by a shared purposedesign for the good of humankindHerman Miller Group shapes places that matter for customers while contributing to a more equitable and sustainable future for all. For more information visit www.hermanmiller.com/about-us. About Knoll Knoll, Inc. is a constellation of design-driven brands and people, working together with our clients in person and digitally to create inspired modern interiors. Our internationally recognized portfolio includes furniture, textiles, leathers, accessories, and architectural and acoustical elements. Our brands Knoll Office, KnollStudio, KnollTextiles, KnollExtra, Spinneybeck | FilzFelt, Edelman Leather, HOLLY HUNT, DatesWeiser, Muuto, and Fully reflect our commitment to modern design that meets the diverse requirements of high performance workplaces, work from home settings and luxury residential interiors. A recipient of the National Design Award for Corporate and Institutional Achievement from the Smithsonian`s Cooper-Hewitt, National Design Museum, Knoll, Inc. is aligned with the U.S. Green Building Council and the Canadian Green Building Council and can help organizations achieve the Leadership in Energy and Environmental Design (LEED) workplace certification. Our products can also help clients comply with the International Living Future Institute to achieve Living Building Challenge Certification, and with the International WELL Building Institute to attain WELL Building Certification. Knoll, Inc. is the founding sponsor of the World Monuments Fund Modernism at Risk program. Forward-Looking Statements This press release relates to a proposed business combination transaction between Herman Miller, Inc. (the "Company") and Knoll, Inc. ("Knoll"). This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements relate to future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, the anticipated impact of the proposed transaction on the combined company's business and future financial and operating results, the expected amount and timing of synergies from the proposed transaction, the anticipated closing date for the proposed transaction and other aspects of our operations or operating results. These forward-looking statements generally can be identified by phrases such as "will," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of the combined companies or the price of the Company's or Knoll's stock. These forward-looking statements involve certain risks and uncertainties, many of which are beyond the parties' control, that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to: the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; the effect of the announcement of the merger on the ability of the Company or Knoll to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom the Company or Knoll does business, or on the Company's or Knoll's operating results and business generally; risks that the merger disrupts current plans and operations and the potential difficulties in employee retention as a result of the merger; the outcome of any legal proceedings related to the merger; the ability of the parties to consummate the proposed transaction on a timely basis or at all; the satisfaction of the conditions precedent to consummation of the proposed transaction, including the ability to secure regulatory approvals on the terms expected, at all or in a timely manner; the ability of the Company to successfully integrate Knoll's operations; the ability of the Company to implement its plans, forecasts and other expectations with respect to the Company's business after the completion of the transaction and realize expected synergies; business disruption following the merger; general economic conditions; the availability and pricing of raw materials; the financial strength of our dealers and the financial strength of our customers; the success of newly-introduced products; the pace and level of government procurement; and the outcome of pending litigation or governmental audits or investigations. These risks, as well as other risks related to the proposed transaction, will be included in the registration statement on Form S-4 and joint proxy statement/prospectus that will be filed with the Securities and Exchange Commission (the "SEC") in connection with the proposed transaction. While the risks presented here, and those to be presented in the registration statement on Form S-4, are considered representative, they should not be considered a complete statement of all potential risks and uncertainties. For additional information about other factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to the Company's and Knoll's respective periodic reports and other filings with the SEC, including the risk factors identified in the Company's and Knoll's most recent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. The forward-looking statements included in this press release are made only as of the date hereof. Neither the Company nor Knoll undertakes any obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by law. No Offer or Solicitation This press release is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. Additional Information About the Merger and Where to Find It In connection with the proposed transaction, the Company intends to file with the SEC a registration statement on Form S-4 that will include a joint proxy statement of the Company and Knoll and that also constitutes a prospectus of the Company. Each of the Company and Knoll may also file other relevant documents with the SEC regarding the proposed transaction. This document is not a substitute for the proxy statement/prospectus or registration statement or any other document that the Company or Knoll may file with the SEC. The definitive joint proxy statement/prospectus (if and when available) will be mailed to stockholders of the Company and Knoll. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders will be able to obtain free copies of the registration statement and joint proxy statement/prospectus (if and when available) and other documents containing important information about the Company, Knoll and the proposed transaction, once such documents are filed with the SEC through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by the Company will be available free of charge on the Company's website at https://investors.hermanmiller.com/sec-filings or by contacting the Company's Investor Relations department at [emailprotected]. Copies of the documents filed with the SEC by Knoll will be available free of charge on Knoll's website at https://knoll.gcs-web.com/sec-filings or by contacting Knoll's Investor Relations department at [emailprotected]. Participants in the Solicitation The Company, Knoll and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information about the directors and executive officers of the Company, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in the Company's proxy statement for its 2020 Annual Meeting of Stockholders, which was filed with the SEC on September 1, 2020, and the Company's Annual Report on Form 10-K for the fiscal year ended May 30, 2020, which was filed with the SEC on July 28, 2020, as well as in a Form 8-K filed by the Company with the SEC on July 17, 2020. Information about the directors and executive officers of Knoll, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Knoll's proxy statement for its 2021 Annual Meeting of Stockholders, which was filed with the SEC on April 1, 2021, and Knoll's Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on March 1, 2021. Other information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the proposed transaction when such materials become available. Investors should read the joint proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the Company or Knoll using the sources indicated above. Contacts Herman Miller Investors: Jeff Stutz Chief Financial Officer616 654-8538[emailprotected] Kevin Veltman VP of Investor Relations & Treasurer616 654-3973 [emailprotected] Media: Todd Woodward[emailprotected]616 654-5977 Knoll Investors: Charles RayfieldSenior Vice President and Chief Financial Officer215 679-1703[emailprotected] Media: David E. BrightSenior Vice President, Communications212 343-4135[emailprotected] 1 Includes $1.25 billion of term loan facilities and a $0.5 billion revolving credit facility expected to be undrawn at close. SOURCE Herman Miller, Inc.; Knoll, Inc.
edtsum7924
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (KSF) are investigating the proposed sale of Inphi Corporation (NasdaqGS: IPHI) to Marvell Technology Group Ltd. (NasdaqGS: MRVL). Under the terms of the proposed transaction, shareholders of Inphi will receive only $66.00 in cash and 2.323 shares of Marvell for each share of Inphi that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-iphi/ to learn more. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com. Answer:
INPHI INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Inphi Corporation - IPHI
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (KSF) are investigating the proposed sale of Inphi Corporation (NasdaqGS: IPHI) to Marvell Technology Group Ltd. (NasdaqGS: MRVL). Under the terms of the proposed transaction, shareholders of Inphi will receive only $66.00 in cash and 2.323 shares of Marvell for each share of Inphi that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-iphi/ to learn more. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
edtsum7925
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 HAVEN, Conn. & SEOUL, South Korea--(BUSINESS WIRE)--BOSAGORA Foundation (President: Kim In-hwan) announced that it is supporting the Open Climate Collabathon, a project initially incubated at the Yale Open Innovation Lab. Under its vision of Make a better world, BOSAGORA, a public blockchain platform, is conducting a variety of social contribution activities, such as delivering care packages to healthcare professionals who are exhausted due to the continued COVID-19 pandemic. The outstanding social contribution was recognized by the UN Solidarity Award 2020 in July this year for the first time as an organization in Korea. The Open Climate Collabathon is a global grassroots network and event series mobilizing the technology and climate community to collaborate on digital public goods to develop an integrated Climate Accounting System. It is a non-profit initiative hosted by the Open Collective Foundation, organized by a collective of organizations and governed by principles of "do-ocracy". The Open Climate Collabathon introduces a collaborative ethos to the concept of hackathons and brings collaborators across the world to explore how to best adopt emerging technologies such as distributed ledger technology (DLT), Internet of Things (IoT), and big data, in order to trace carbon in supply chains and certify climate actions. A key focus is protecting the privacy and enhancing transparency for individual data by developing the Global Climate Accounting System and enabling assurance of accountability by designing contractual automations in financial mechanism and accounting mechanism, such as prevention of double counting in the digital certification and trading of climate actions and rewards and fines. BOSAGORA recently joined the Collabathon as a global ambassador focusing on the publicity of the Open Climate Collabathon and by exploring how to best leverage its blockchain technology and network for climate services under the "Open Climate" initiative going forward. We are excited to move a step closer to realizing a better world being pursued by BOSAGORA through this support of the Open Climate Collabathon, said Kim In-hwan, President of BOSAGORA Foundation. We will remain to seek ways of utilizing BOSAGORAs unique blockchain technology and infrastructures in diverse areas. Answer:
BOSAGORA Joins the Open Climate Collabathon Project
NEW HAVEN, Conn. & SEOUL, South Korea--(BUSINESS WIRE)--BOSAGORA Foundation (President: Kim In-hwan) announced that it is supporting the Open Climate Collabathon, a project initially incubated at the Yale Open Innovation Lab. Under its vision of Make a better world, BOSAGORA, a public blockchain platform, is conducting a variety of social contribution activities, such as delivering care packages to healthcare professionals who are exhausted due to the continued COVID-19 pandemic. The outstanding social contribution was recognized by the UN Solidarity Award 2020 in July this year for the first time as an organization in Korea. The Open Climate Collabathon is a global grassroots network and event series mobilizing the technology and climate community to collaborate on digital public goods to develop an integrated Climate Accounting System. It is a non-profit initiative hosted by the Open Collective Foundation, organized by a collective of organizations and governed by principles of "do-ocracy". The Open Climate Collabathon introduces a collaborative ethos to the concept of hackathons and brings collaborators across the world to explore how to best adopt emerging technologies such as distributed ledger technology (DLT), Internet of Things (IoT), and big data, in order to trace carbon in supply chains and certify climate actions. A key focus is protecting the privacy and enhancing transparency for individual data by developing the Global Climate Accounting System and enabling assurance of accountability by designing contractual automations in financial mechanism and accounting mechanism, such as prevention of double counting in the digital certification and trading of climate actions and rewards and fines. BOSAGORA recently joined the Collabathon as a global ambassador focusing on the publicity of the Open Climate Collabathon and by exploring how to best leverage its blockchain technology and network for climate services under the "Open Climate" initiative going forward. We are excited to move a step closer to realizing a better world being pursued by BOSAGORA through this support of the Open Climate Collabathon, said Kim In-hwan, President of BOSAGORA Foundation. We will remain to seek ways of utilizing BOSAGORAs unique blockchain technology and infrastructures in diverse areas.
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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: MASON, Ohio--(BUSINESS WIRE)--AtriCure, Inc. (Nasdaq: ATRC), a leading innovator in treatments for atrial fibrillation (Afib) and left atrial appendage (LAA) management, today announced that the company will be participating in the upcoming Morgan Stanley 18th Annual Global Healthcare Conference being held virtually. AtriCures management is scheduled to present on Monday, September 14, 2020, at 2:15 p.m. Eastern Time. Interested parties may access a live audio webcast of the presentation by visiting the Investors section of the companys website at https://ir.atricure.com. About AtriCure AtriCure, Inc. provides innovative technologies for the treatment of Afib and related conditions. Afib affects more than 33 million people worldwide. Electrophysiologists and cardiothoracic surgeons around the globe use AtriCure technologies for the treatment of Afib and reduction of Afib related complications. AtriCures Isolator Synergy Ablation System is the first and only medical device to receive FDA approval for the treatment of persistent Afib. AtriCures AtriClip Left Atrial Appendage Exclusion System products are the most widely sold LAA management devices worldwide. For more information, visit AtriCure.com or follow us on Twitter @AtriCure. Answer:
AtriCure to Participate at the Morgan Stanley 18th Annual Global Healthcare Conference
MASON, Ohio--(BUSINESS WIRE)--AtriCure, Inc. (Nasdaq: ATRC), a leading innovator in treatments for atrial fibrillation (Afib) and left atrial appendage (LAA) management, today announced that the company will be participating in the upcoming Morgan Stanley 18th Annual Global Healthcare Conference being held virtually. AtriCures management is scheduled to present on Monday, September 14, 2020, at 2:15 p.m. Eastern Time. Interested parties may access a live audio webcast of the presentation by visiting the Investors section of the companys website at https://ir.atricure.com. About AtriCure AtriCure, Inc. provides innovative technologies for the treatment of Afib and related conditions. Afib affects more than 33 million people worldwide. Electrophysiologists and cardiothoracic surgeons around the globe use AtriCure technologies for the treatment of Afib and reduction of Afib related complications. AtriCures Isolator Synergy Ablation System is the first and only medical device to receive FDA approval for the treatment of persistent Afib. AtriCures AtriClip Left Atrial Appendage Exclusion System products are the most widely sold LAA management devices worldwide. For more information, visit AtriCure.com or follow us on Twitter @AtriCure.
edtsum7927
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: SO PAULO and SUNNYVALE, Calif., April 7, 2021 /PRNewswire/ -- Globoand Google Cloud announced today a seven-year strategic partnership. The announcement aligns with Globo's ongoing digital transformation, its restructuring focused on direct-to-consumer deliveries, and its journey toward becoming a mediatech company. Over the next several years, Globo will use Google's experience in data management, artificial intelligence (AI) and machine learning (ML), as well as its global, scalable and secure infrastructure, to support the communications company's digital evolution. As part of the agreement, Google Cloud will also help streamline the production and distribution of content, and focus on the optimization of Globo's digital platforms, with the goal of generating new business opportunities. "In recent years, we dove deeply into our processes, so that the company was in fact prepared for the many challenges of the future. This strategic partnership will help us accelerate the main pillars of our transformation, such as focusing on the customer and creating new, more innovative business models. In this sense, we believe that Google Cloud offers us the best solution to face these challenges, bringing innovation and also gains in scale and efficiency to our operation," said Jorge Nbrega, Globo's CEO. "Our strategic partnership with Globo will bring new innovations to life and will help establish Globo as a true mediatech company," said Robert Enslin, President Google Cloud. "We are incredibly excited to partner with such an important, globally recognized industry leader, and to further the digital evolution of the media and entertainment industry overall. Together, Globo and Google Cloud will focus on developing and delivering best-in-class experiences to users." As a priority cloud provider, Google Cloud will help Globo use AI, ML, and data analytics technologies to accelerate the company's digital transformation, modernize operations and leverage cloud technologies, in a safe and reliable way. Within the scope of the partnership, Globo will: Migrate 100% of its data centers to Google Cloud, enabling scale in the production and distribution of media, and in launching new channels, among other initiatives; Transfer its content to Google Cloud, as well as its digital products and services, such as Globoplay and the "G family" -- G1, GE.com and Gshow; Modernize and unify platforms through a cloud-based technological architecture that will serve as the backbone for all services and products of the media conglomerate; Optimize personalized recommendations in real time to its audience. As part of this initiative, Google Cloud will train Globo employees in advanced machine learning knowledge. Globo and Google Cloud have also established a collaboration framework to catalyze the creation of new solutions for emerging consumer demands and opportunities. The first project as part of that co-innovation work, already in progress, will be the customized integration of Globoplay with Android TV OS, with the objective of combining the programming of open TV (digital signal, broadcast) and TV via internet (broadband). This innovation will result in ways for the public to watch TV Globo via a standard digital signal, creating an integrated TV environment that improves the audience experience and provides new ways to segment content to viewers. Additional resources Helping media companies navigate the new streaming normal Google BigQuery is a Leader in The 2021 Forrester Wave: Cloud Data Warehouse Gartner 2020 Magic Quadrant for Cloud Database Management Systems names Google a Leader Google named a leader in Gartner Magic Quadrant for Cloud Infrastructure and Platform Services Gartner names Google a leader in 2021 Magic Quadrant for Cloud AI Developer Services report About Google CloudGoogle Cloud provides organizations with leading infrastructure, platform capabilities and industry solutions. We deliver enterprise-grade cloud solutions that leverage Google's cutting-edge technology to help companies operate more efficiently and adapt to changing needs, giving customers a foundation for the future. Customers in more than 150 countries turn to Google Cloud as their trusted partner to solve their most critical business problems. About Globo Latin America's largest media company, Globo, brings together free-to-air and pay TV channels, in addition to digital products and services. Its linear channels speak to more than 100 million people in Brazil every day. And, thanks to its wide network of partner affiliates that covers the entire country, it is able to be local, regional and national at the same time. In 2018 it started its digital transformation journey, becoming a mediatech company, strongly supported by technology and focused on direct relationships with consumers. It provides audiences a complete viewing experience, which combines the ability to produce high quality content with technological expertise, with distribution on various platforms, such as TV Globo, a free-to-air TV channel; its 26 pay TV channels; its SVOD and streaming platform Globoplay; and digital products: news G1; sports GE.globo; and entertainment Gshow, among others. SOURCE Google Cloud Related Links http://www.google.com Answer:
Media Giant Grupo Globo Announces Strategic Partnership with Google Cloud for Co-innovation and Business Transformation
SO PAULO and SUNNYVALE, Calif., April 7, 2021 /PRNewswire/ -- Globoand Google Cloud announced today a seven-year strategic partnership. The announcement aligns with Globo's ongoing digital transformation, its restructuring focused on direct-to-consumer deliveries, and its journey toward becoming a mediatech company. Over the next several years, Globo will use Google's experience in data management, artificial intelligence (AI) and machine learning (ML), as well as its global, scalable and secure infrastructure, to support the communications company's digital evolution. As part of the agreement, Google Cloud will also help streamline the production and distribution of content, and focus on the optimization of Globo's digital platforms, with the goal of generating new business opportunities. "In recent years, we dove deeply into our processes, so that the company was in fact prepared for the many challenges of the future. This strategic partnership will help us accelerate the main pillars of our transformation, such as focusing on the customer and creating new, more innovative business models. In this sense, we believe that Google Cloud offers us the best solution to face these challenges, bringing innovation and also gains in scale and efficiency to our operation," said Jorge Nbrega, Globo's CEO. "Our strategic partnership with Globo will bring new innovations to life and will help establish Globo as a true mediatech company," said Robert Enslin, President Google Cloud. "We are incredibly excited to partner with such an important, globally recognized industry leader, and to further the digital evolution of the media and entertainment industry overall. Together, Globo and Google Cloud will focus on developing and delivering best-in-class experiences to users." As a priority cloud provider, Google Cloud will help Globo use AI, ML, and data analytics technologies to accelerate the company's digital transformation, modernize operations and leverage cloud technologies, in a safe and reliable way. Within the scope of the partnership, Globo will: Migrate 100% of its data centers to Google Cloud, enabling scale in the production and distribution of media, and in launching new channels, among other initiatives; Transfer its content to Google Cloud, as well as its digital products and services, such as Globoplay and the "G family" -- G1, GE.com and Gshow; Modernize and unify platforms through a cloud-based technological architecture that will serve as the backbone for all services and products of the media conglomerate; Optimize personalized recommendations in real time to its audience. As part of this initiative, Google Cloud will train Globo employees in advanced machine learning knowledge. Globo and Google Cloud have also established a collaboration framework to catalyze the creation of new solutions for emerging consumer demands and opportunities. The first project as part of that co-innovation work, already in progress, will be the customized integration of Globoplay with Android TV OS, with the objective of combining the programming of open TV (digital signal, broadcast) and TV via internet (broadband). This innovation will result in ways for the public to watch TV Globo via a standard digital signal, creating an integrated TV environment that improves the audience experience and provides new ways to segment content to viewers. Additional resources Helping media companies navigate the new streaming normal Google BigQuery is a Leader in The 2021 Forrester Wave: Cloud Data Warehouse Gartner 2020 Magic Quadrant for Cloud Database Management Systems names Google a Leader Google named a leader in Gartner Magic Quadrant for Cloud Infrastructure and Platform Services Gartner names Google a leader in 2021 Magic Quadrant for Cloud AI Developer Services report About Google CloudGoogle Cloud provides organizations with leading infrastructure, platform capabilities and industry solutions. We deliver enterprise-grade cloud solutions that leverage Google's cutting-edge technology to help companies operate more efficiently and adapt to changing needs, giving customers a foundation for the future. Customers in more than 150 countries turn to Google Cloud as their trusted partner to solve their most critical business problems. About Globo Latin America's largest media company, Globo, brings together free-to-air and pay TV channels, in addition to digital products and services. Its linear channels speak to more than 100 million people in Brazil every day. And, thanks to its wide network of partner affiliates that covers the entire country, it is able to be local, regional and national at the same time. In 2018 it started its digital transformation journey, becoming a mediatech company, strongly supported by technology and focused on direct relationships with consumers. It provides audiences a complete viewing experience, which combines the ability to produce high quality content with technological expertise, with distribution on various platforms, such as TV Globo, a free-to-air TV channel; its 26 pay TV channels; its SVOD and streaming platform Globoplay; and digital products: news G1; sports GE.globo; and entertainment Gshow, among others. SOURCE Google Cloud Related Links http://www.google.com
edtsum7928
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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, May 13, 2020 /PRNewswire/ --Jenzabar, Inc., a leading technology innovator in higher education serving the new student, today unveiled Jenzabar Unity Platform, a unified, highly scalable integration platform-as-a-service (iPaaS) solution designed to improve operational efficiency and reduce the technical barriers associated with connecting campus-wide applications. Jenzabar Unity Platform comprises an ever-expanding suite of out-of-the-box (OOB) integrations and enables organizations to build their own application programming interfaces (APIs) through a consolidated, secure, cloud-based platform. It simplifies the time-consuming and complex tasks of integrating the diverse on-premises and cloud offerings used by today's higher education institutions. Over the years, institutions have adopted countless technology platforms and applications across campus to modernize operations and keep up with student demand. This has often resulted in the creation of disconnected technology ecosystems with siloed systems that are not properly integrated, leading to increased maintenance costs, decreased performance, and unnecessary complexity. Jenzabar Unity Platform gives institutions the tools to develop, onboard, manage, and monitor advanced APIs through a single platform, bringing together disjointed technology ecosystems and eliminating the dependency on legacy integrations that no longer adhere to modern IT environments. Powered by the industry-leading Dell Boomi solution, Jenzabar Unity Platform is designed to improve efficiency across higher education campuses by making it easier to collect, govern, transform, and share data. With a centralized API dashboard and an easy-to-use (low code, no code), drag-and-drop interface, staff can easily build or onboard additional APIs at a fraction of the time and cost typically associated with sophisticated software implementations. "Jenzabar Unity Platform was created to help higher education institutions create more seamlessly connected IT environments, even if they are not using the entire Jenzabar One suite," said Les Zimmerman, Vice President of Product Development at Jenzabar. "Empowering institutions with the tools to effectively manage the applications they want to use will help organizations reduce time spent governing IT systems and allow them to focus on driving student success." About Jenzabar Created out of a passion for education and a vision for technology, Jenzabar offers disruptive, innovative software solutionsand services that empower students' success and help higher education institutions meet the demands of the modern student. Over 1,350 higher educational campuses harness Jenzabar solutions for improved performance across campus and a more personalized and connected experience for the student. For further information, please visit www.jenzabar.com or on Twitter @Jenzabar or LinkedIn. SOURCE Jenzabar, Inc. Answer:
Jenzabar Unveils iPaaS Integration Platform to Accelerate Higher Education's Digital Transformation Jenzabar Unity Platform Comprises an Ever-Expanding Suite of Out-of-the-Box Application Integrations to Eliminate Technical Barriers Across Campus
BOSTON, May 13, 2020 /PRNewswire/ --Jenzabar, Inc., a leading technology innovator in higher education serving the new student, today unveiled Jenzabar Unity Platform, a unified, highly scalable integration platform-as-a-service (iPaaS) solution designed to improve operational efficiency and reduce the technical barriers associated with connecting campus-wide applications. Jenzabar Unity Platform comprises an ever-expanding suite of out-of-the-box (OOB) integrations and enables organizations to build their own application programming interfaces (APIs) through a consolidated, secure, cloud-based platform. It simplifies the time-consuming and complex tasks of integrating the diverse on-premises and cloud offerings used by today's higher education institutions. Over the years, institutions have adopted countless technology platforms and applications across campus to modernize operations and keep up with student demand. This has often resulted in the creation of disconnected technology ecosystems with siloed systems that are not properly integrated, leading to increased maintenance costs, decreased performance, and unnecessary complexity. Jenzabar Unity Platform gives institutions the tools to develop, onboard, manage, and monitor advanced APIs through a single platform, bringing together disjointed technology ecosystems and eliminating the dependency on legacy integrations that no longer adhere to modern IT environments. Powered by the industry-leading Dell Boomi solution, Jenzabar Unity Platform is designed to improve efficiency across higher education campuses by making it easier to collect, govern, transform, and share data. With a centralized API dashboard and an easy-to-use (low code, no code), drag-and-drop interface, staff can easily build or onboard additional APIs at a fraction of the time and cost typically associated with sophisticated software implementations. "Jenzabar Unity Platform was created to help higher education institutions create more seamlessly connected IT environments, even if they are not using the entire Jenzabar One suite," said Les Zimmerman, Vice President of Product Development at Jenzabar. "Empowering institutions with the tools to effectively manage the applications they want to use will help organizations reduce time spent governing IT systems and allow them to focus on driving student success." About Jenzabar Created out of a passion for education and a vision for technology, Jenzabar offers disruptive, innovative software solutionsand services that empower students' success and help higher education institutions meet the demands of the modern student. Over 1,350 higher educational campuses harness Jenzabar solutions for improved performance across campus and a more personalized and connected experience for the student. For further information, please visit www.jenzabar.com or on Twitter @Jenzabar or LinkedIn. SOURCE Jenzabar, Inc.
edtsum7929
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: MONTREAL--(BUSINESS WIRE)--Triton Digital, the global technology and services leader to the digital audio and podcast industry, and Stingray, a leading music, media, and technology company in Montreal, announced today that Stingray Radio has selected Tritons Omny Studio platform to support its podcast strategy. Through this partnership, Stingray Radio will utilize the comprehensive tools within Omny Studio to create, publish, and promote their diverse portfolio of podcast content to audiences across a wide range of devices and platforms, including smart speakers, social media networks, smart phones, and more. We are thrilled to expand our relationship with Triton, and to be leveraging the Omny Studio platform to support our podcast strategy, said Steve Jones, SVP Brands & Content at Stingray Radio. Tritons commitment to innovation and receptiveness to the podcast industrys needs make the Omny Studio platform a force. We are confident that Omny will provide us with an unparalleled workflow and efficiency that will enable us to create more content, grow our audience, and meaningfully increase our revenue. We are proud to be providing Stingray with the enterprise-level technology they need to create, manage, and distribute their diverse library of podcast content, John Rosso, President of Market Development at Triton Digital. Stingray is a meaningful contributor to the rapidly growing podcast landscape in Canada, and we are proud to provide them with a flexible, enterprise-level tool that will grow and scale with them. About Triton Digital Triton Digital is the global technology and services leader to the digital audio and podcast industry. Operating in more than 80 countries, Triton provides innovative technology that enables broadcasters, podcasters, and online music services to build their audience, maximize their revenue, and streamline their day-to-day operations. In addition, Triton powers the global online audio industry with Webcast Metrics, the leading online audio measurement service and Podcast Metrics, one of the first IAB certified podcast measurement services in the industry. With unparalleled integrity, excellence, teamwork, and accountability, Triton remains committed to connecting audio, audience, and advertisers to continuously fuel the growth of the global online industry. For more information, visit www.TritonDigital.com. About Stingray Montreal-based Stingray Group Inc. (TSX: RAY.A; RAY.B) is a leading music, media, and technology company with over 1,200 employees worldwide. Stingray is a premium provider of curated direct-to-consumer and B2B services, including audio television channels, more than 100 radio licenses, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps, which have been downloaded over 100 million times. Stingray reaches 400 million subscribers (or users) in 156 countries. Answer:
Stingray Selects Triton Digitals Omny Studio Podcast Platform For Content Creation, Management and Distribution
MONTREAL--(BUSINESS WIRE)--Triton Digital, the global technology and services leader to the digital audio and podcast industry, and Stingray, a leading music, media, and technology company in Montreal, announced today that Stingray Radio has selected Tritons Omny Studio platform to support its podcast strategy. Through this partnership, Stingray Radio will utilize the comprehensive tools within Omny Studio to create, publish, and promote their diverse portfolio of podcast content to audiences across a wide range of devices and platforms, including smart speakers, social media networks, smart phones, and more. We are thrilled to expand our relationship with Triton, and to be leveraging the Omny Studio platform to support our podcast strategy, said Steve Jones, SVP Brands & Content at Stingray Radio. Tritons commitment to innovation and receptiveness to the podcast industrys needs make the Omny Studio platform a force. We are confident that Omny will provide us with an unparalleled workflow and efficiency that will enable us to create more content, grow our audience, and meaningfully increase our revenue. We are proud to be providing Stingray with the enterprise-level technology they need to create, manage, and distribute their diverse library of podcast content, John Rosso, President of Market Development at Triton Digital. Stingray is a meaningful contributor to the rapidly growing podcast landscape in Canada, and we are proud to provide them with a flexible, enterprise-level tool that will grow and scale with them. About Triton Digital Triton Digital is the global technology and services leader to the digital audio and podcast industry. Operating in more than 80 countries, Triton provides innovative technology that enables broadcasters, podcasters, and online music services to build their audience, maximize their revenue, and streamline their day-to-day operations. In addition, Triton powers the global online audio industry with Webcast Metrics, the leading online audio measurement service and Podcast Metrics, one of the first IAB certified podcast measurement services in the industry. With unparalleled integrity, excellence, teamwork, and accountability, Triton remains committed to connecting audio, audience, and advertisers to continuously fuel the growth of the global online industry. For more information, visit www.TritonDigital.com. About Stingray Montreal-based Stingray Group Inc. (TSX: RAY.A; RAY.B) is a leading music, media, and technology company with over 1,200 employees worldwide. Stingray is a premium provider of curated direct-to-consumer and B2B services, including audio television channels, more than 100 radio licenses, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps, which have been downloaded over 100 million times. Stingray reaches 400 million subscribers (or users) in 156 countries.
edtsum7930
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: MARLBOROUGH, Mass., Feb. 12, 2021 /PRNewswire/ --Boston Scientific Corporation (NYSE: BSX) will participate in two upcoming investor conferences. On February 25, 2021, Dan Brennan, executive vice president and chief financial officer, and Susie Lisa, vice president, Investor Relations, will participate in a 30-minute question-and-answer session with the host analyst at the virtual SVB Leerink 10th Annual Global Healthcare Conference. The session will begin at approximately 10:40 a.m. EST. On March 1, 2021, Meghan Scanlon, senior vice president and president, Urology and Pelvic Health, and Susie Lisa will participate in a 30-minute question-and-answer session with the host analyst at the virtual Cowen 41st Annual Health Care Conference. The session will begin at approximately 2 p.m. EST. A live webcast and replay of the webcast for each event will be accessible at investors.bostonscientific.comhttp://www.bostonscientific.com/investors. The replay will be available beginning approximately one hour following the completion of each event. About Boston ScientificBoston Scientific transforms lives through innovative medical solutions that improve the health of patients around the world. As a global medical technology leader for 40 years, we advance science for life by providing a broad range of high performance solutions that address unmet patient needs and reduce the cost of healthcare. For more information, visit www.bostonscientific.com and connect on Twitter and Facebook. CONTACTS Media: Investors: Katie Schur Susie Lisa, CFA 508-683-5574 (office) 508-683-5565 (office) Media Relations Investor Relations Boston Scientific Corporation Boston Scientific Corporation [emailprotected] [emailprotected] SOURCE Boston Scientific Corporation Related Links http://www.bostonscientific.com Answer:
Boston Scientific Announces February and March 2021 Conference Schedule
MARLBOROUGH, Mass., Feb. 12, 2021 /PRNewswire/ --Boston Scientific Corporation (NYSE: BSX) will participate in two upcoming investor conferences. On February 25, 2021, Dan Brennan, executive vice president and chief financial officer, and Susie Lisa, vice president, Investor Relations, will participate in a 30-minute question-and-answer session with the host analyst at the virtual SVB Leerink 10th Annual Global Healthcare Conference. The session will begin at approximately 10:40 a.m. EST. On March 1, 2021, Meghan Scanlon, senior vice president and president, Urology and Pelvic Health, and Susie Lisa will participate in a 30-minute question-and-answer session with the host analyst at the virtual Cowen 41st Annual Health Care Conference. The session will begin at approximately 2 p.m. EST. A live webcast and replay of the webcast for each event will be accessible at investors.bostonscientific.comhttp://www.bostonscientific.com/investors. The replay will be available beginning approximately one hour following the completion of each event. About Boston ScientificBoston Scientific transforms lives through innovative medical solutions that improve the health of patients around the world. As a global medical technology leader for 40 years, we advance science for life by providing a broad range of high performance solutions that address unmet patient needs and reduce the cost of healthcare. For more information, visit www.bostonscientific.com and connect on Twitter and Facebook. CONTACTS Media: Investors: Katie Schur Susie Lisa, CFA 508-683-5574 (office) 508-683-5565 (office) Media Relations Investor Relations Boston Scientific Corporation Boston Scientific Corporation [emailprotected] [emailprotected] SOURCE Boston Scientific Corporation Related Links http://www.bostonscientific.com
edtsum7931
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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)--The Law Offices of Frank R. Cruz reminds investors of the upcoming November 9, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased LexinFintech Holdings Ltd. (LexinFintech or the Company) (NASDAQ: LX): (a) American Depositary Shares (ADSs or shares) pursuant and/or traceable to the Companys December 2017 initial public offering (IPO or the Offering); and/or (b) securities between December 21, 2017 and August 24, 2020, inclusive (the Class Period). If you are a shareholder who suffered a loss, click here to participate. In December 2017, LexinFintech completed its IPO, selling 12 million ADSs at $9.00 per share. On August 25, 2020, Grizzly Research issued a report, alleging, among other things, that LexinFintech is reporting artificially low delinquency rates by essentially giving borrowers who are already in default new funds to make payments and that the Company engaged in undisclosed related party transactions. The report also questioned the Companys purported growth, citing a review of LexinFintechs web traffic. On this news, the Companys share price fell $0.47, or 5%, to close at $8.04 per share on August 25, 2020, thereby damaging investors. The complaint filed in this class action alleges that Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Companys business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) LexinFintech reported artificially low delinquency rates by giving borrowers in default new funds to make payments; (2) the Company's business model exposes shareholders to enormous losses by prioritizing Chinese lenders for off-balance sheet loans; (3) the Company exaggerated its user base; (4) the Company was facilitating direct peer to peer lending contrary to Chinese law; (5) the Company engaged in undisclosed related party transactions; (6) the Company lacked adequate internal controls; and (7) that, as a result of the foregoing, Defendants positive statements about the Companys business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Follow us for updates on Twitter: twitter.com/FRC_LAW. If you purchased or otherwise acquired LexinFintech securities during the Class Period, you may move the Court no later than November 9, 2020 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Answer:
The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against LexinFintech Holdings Ltd. (LX)
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming November 9, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased LexinFintech Holdings Ltd. (LexinFintech or the Company) (NASDAQ: LX): (a) American Depositary Shares (ADSs or shares) pursuant and/or traceable to the Companys December 2017 initial public offering (IPO or the Offering); and/or (b) securities between December 21, 2017 and August 24, 2020, inclusive (the Class Period). If you are a shareholder who suffered a loss, click here to participate. In December 2017, LexinFintech completed its IPO, selling 12 million ADSs at $9.00 per share. On August 25, 2020, Grizzly Research issued a report, alleging, among other things, that LexinFintech is reporting artificially low delinquency rates by essentially giving borrowers who are already in default new funds to make payments and that the Company engaged in undisclosed related party transactions. The report also questioned the Companys purported growth, citing a review of LexinFintechs web traffic. On this news, the Companys share price fell $0.47, or 5%, to close at $8.04 per share on August 25, 2020, thereby damaging investors. The complaint filed in this class action alleges that Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Companys business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) LexinFintech reported artificially low delinquency rates by giving borrowers in default new funds to make payments; (2) the Company's business model exposes shareholders to enormous losses by prioritizing Chinese lenders for off-balance sheet loans; (3) the Company exaggerated its user base; (4) the Company was facilitating direct peer to peer lending contrary to Chinese law; (5) the Company engaged in undisclosed related party transactions; (6) the Company lacked adequate internal controls; and (7) that, as a result of the foregoing, Defendants positive statements about the Companys business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Follow us for updates on Twitter: twitter.com/FRC_LAW. If you purchased or otherwise acquired LexinFintech securities during the Class Period, you may move the Court no later than November 9, 2020 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
edtsum7932
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 31, 2020 /PRNewswire/ --Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Exela Technologies, Inc. between March 16, 2018 and March 16, 2020, inclusive (the "Class Period") of the important May 22, 2020 lead plaintiff deadline in the securities class action commenced by the firm. The lawsuit seeks to recover damages for Exela investors under the federal securities laws. To join the Exela class action, go to http://www.rosenlegal.com/cases-register-1820.htmlor call Phillip Kim, Esq. toll-free at 866-767-3653 or email [emailprotected]or [emailprotected]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 INVESTOR'S 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 made false and/or misleading statements and/or failed to disclose that: (1) Exela's previously issued financial statements for the twelve months ended December, 31, 2017 and December 31, 2018, and the quarterly statements for the three and nine months ended September 30, 2019 contained numerous accounting errors, could not be relied upon, and required restatement; and (2) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 22, 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-1820.htmlor 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 [emailprotected] or [emailprotected]. 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 secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [emailprotected] [emailprotected] [emailprotected] www.rosenlegal.com SOURCE Rosen Law Firm, P.A. Related Links http://www.rosenlegal.com/ Answer:
EXELA LOSS ALERT: ROSEN, A TOP RANKED LAW FIRM, Reminds Exela Technologies, Inc. Investors of Important May 22nd Deadline in Securities Class Action First Filed by the Firm; Encourages Investors with Large Losses to Contact Firm
NEW YORK, March 31, 2020 /PRNewswire/ --Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Exela Technologies, Inc. between March 16, 2018 and March 16, 2020, inclusive (the "Class Period") of the important May 22, 2020 lead plaintiff deadline in the securities class action commenced by the firm. The lawsuit seeks to recover damages for Exela investors under the federal securities laws. To join the Exela class action, go to http://www.rosenlegal.com/cases-register-1820.htmlor call Phillip Kim, Esq. toll-free at 866-767-3653 or email [emailprotected]or [emailprotected]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 INVESTOR'S 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 made false and/or misleading statements and/or failed to disclose that: (1) Exela's previously issued financial statements for the twelve months ended December, 31, 2017 and December 31, 2018, and the quarterly statements for the three and nine months ended September 30, 2019 contained numerous accounting errors, could not be relied upon, and required restatement; and (2) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 22, 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-1820.htmlor 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 [emailprotected] or [emailprotected]. 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 secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [emailprotected] [emailprotected] [emailprotected] www.rosenlegal.com SOURCE Rosen Law Firm, P.A. Related Links http://www.rosenlegal.com/
edtsum7933
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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., Aug. 13, 2020 /PRNewswire/ --CB Resource, Inc. ("CBR") today announced that they have launched a new risk management focused report, the CB Risk Radar. Available to all community banks on a complimentary basis, the CB Risk Radar is a targeted scorecard developed in the wake of the pandemic to quantitatively gauge a bank's risk profile. The report highlights key risk indicators, their relative risk level, and trends (year over year or quarter over quarter). The result is a solid representation of a bank's overall risk profile by viewing and aggregating pertinent key risk indicators related to earnings, capital, credit quality, interest rate risk & liquidity. "CB Risk Radar complements our robust suite of risk management and planning solutions as a powerful set of data presented in an easy to digest format. We feel that it addresses the need from bank management teams and boards to see and address areas of strength and weakness, as it pertains to overall risk," according to Jeff Rigsby, CB Resource, Inc.'s President and CEO. CB Risk Radar further positions CBR as innovators and thought leaders in the area of bank enterprise risk management and strategic planning. "We often find that community banks do not have access to meaningful data for decision making. The CB Risk Radar is our first step in assessing the risk profile of an institution. From there we can help our clients address strategic or risk management needs through our proprietary data channels and our proven suite of solutions," stated Robert Finch, CB Resource, Inc.'s Senior Vice President of Sales and Marketing. To learn more about CB Risk Radar and request your copy, visit https://cb-resource.com/what-we-do/cb-risk-radar/ or call us at 877.367.8236. About CB Resource, Inc. Founded in 2011, CB Resource, Inc. serves its national network of community bank clients by offering enterprise risk management, strategic planning, and capital planning solutions. The firm leverages proprietary technology and subject matter expertise to support their clients' ability to achieve optimal performance in good times and bad. Contact: Robert Finch949.502.6910[emailprotected] SOURCE CB Resource Related Links http://www.cb-resource.com Answer:
CB Resource, Inc. Announces Release Of New Complementary Report, CB Risk Radar
IRVINE, Calif., Aug. 13, 2020 /PRNewswire/ --CB Resource, Inc. ("CBR") today announced that they have launched a new risk management focused report, the CB Risk Radar. Available to all community banks on a complimentary basis, the CB Risk Radar is a targeted scorecard developed in the wake of the pandemic to quantitatively gauge a bank's risk profile. The report highlights key risk indicators, their relative risk level, and trends (year over year or quarter over quarter). The result is a solid representation of a bank's overall risk profile by viewing and aggregating pertinent key risk indicators related to earnings, capital, credit quality, interest rate risk & liquidity. "CB Risk Radar complements our robust suite of risk management and planning solutions as a powerful set of data presented in an easy to digest format. We feel that it addresses the need from bank management teams and boards to see and address areas of strength and weakness, as it pertains to overall risk," according to Jeff Rigsby, CB Resource, Inc.'s President and CEO. CB Risk Radar further positions CBR as innovators and thought leaders in the area of bank enterprise risk management and strategic planning. "We often find that community banks do not have access to meaningful data for decision making. The CB Risk Radar is our first step in assessing the risk profile of an institution. From there we can help our clients address strategic or risk management needs through our proprietary data channels and our proven suite of solutions," stated Robert Finch, CB Resource, Inc.'s Senior Vice President of Sales and Marketing. To learn more about CB Risk Radar and request your copy, visit https://cb-resource.com/what-we-do/cb-risk-radar/ or call us at 877.367.8236. About CB Resource, Inc. Founded in 2011, CB Resource, Inc. serves its national network of community bank clients by offering enterprise risk management, strategic planning, and capital planning solutions. The firm leverages proprietary technology and subject matter expertise to support their clients' ability to achieve optimal performance in good times and bad. Contact: Robert Finch949.502.6910[emailprotected] SOURCE CB Resource Related Links http://www.cb-resource.com
edtsum7934
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: SOUTH SAN FRANCISCO, Calif., April 29, 2021 /PRNewswire/ -- AKASA, the only Unified Automation company for healthcare revenue cycle management, released results of a national survey designed to assess deployment of technology solutions during the COVID-19 pandemic in revenue cycle operations at hospitals and health systems across the U.S. According to the survey, about 75 percent of health systems had active technology deployments during the pandemic. Nearly 40 percent of health systems and hospitals were able to use fully remote deployment processes to keep projects on track despite social distancing and/or quarantine requirements. More than 35 percent of health systems experienced project delays and 90 percent of these delays lasted 3 to 6 months or longer. More than 35 percent of health systems experienced project delays and 90 percent of these delays lasted 3 to 6 months or longer. Nearly 75% of Health Systems Report Active Technology Projects in Revenue Cycle Operations During Pandemic. The survey was commissioned by AKASA and conducted through the Healthcare Financial Management Association's (HFMA) Pulse Survey program. The survey was fielded between December 17, 2020 and Feb 5, 2021 among more than 350 chief financial officers and revenue cycle leaders at hospitals and health systems across the United States. Traditional approaches to deploying automation or other technology tools typically require consultants to shadow employees to document workflows and processes. Social distancing requirements significantly limited the ability to shadow staff. As a result, implementation timelines slowed or projects were paused altogether. Revenue cycle leaders are prioritizing the ability of technology partners to deploy their solutions rapidly and remotely. "The pandemic served as a forcing function for many organizations that may have been hesitant to deploy technology solutions using remote processes in the past. In this regard, healthcare executives have demonstrated strong leadership and the ability to adapt in uncertain times," said Varun Ganapathi, PhD, co-founder and chief technology officer of AKASA. "Remote deployments are often more efficient and less disruptive with the right partners. At AKASA, we intentionally designed Unified Automation for remote deployments from inception to provide the most immediate value possible to our customers."Survey respondents were asked, "Have social distancing or quarantine requirements related to COVID-19 caused a delay or postponement of the deployment of any technology solutions or other projects in your revenue cycle operations?" Yes, our projects have been delayed. Social distancing and/or quarantine requirements have limited our ability to accommodate required on-site consultants and knowledge transfer. 36.1% No, we have used fully remote deployment processes to keep our projects on schedule. Our solution providers were able to deploy their solutions without the need for onsite shadowing and knowledge transfer. 38.7% No, we had no active deployments at the time social distancing or quarantine has been required. 25.2% Organizations that experienced delays were then asked, "For how long have projects been delayed?" Less than 3 months 12.1% 3-6 months 34.3% Longer than 6 months 53.6% About AKASA At AKASA, we believe every dollar spent on healthcare matters because healthcare matters to everyone. The only Unified Automation company for healthcare, AKASA uses the same machine learning approaches that made driverless cars possible to provide health systems with a single solution for automating revenue cycle operations. AKASA's unique expert-in-the-loop approach, Unified Automation, combines modern machine-learning with human judgment and subject matter expertise to provide robust and resilient automation. Unified Automation adapts to the highly dynamic nature of revenue cycle operations and has been purpose-built for healthcare. AKASA enables health systems to decrease their cost to collect so they can invest more in patient care and be better stewards of the healthcare dollar. AKASA is based in the heart of Silicon Valley. Learn more at www.AKASA.com. SOURCE AKASA Related Links https://www.akasa.com Answer:
Nearly 75% of Health Systems Report Active Technology Deployments in Revenue Cycle Operations During Pandemic Almost 40% of Health Systems Kept Deployments on Track With Fully Remote Processes While About 35% Experienced Project Delays
SOUTH SAN FRANCISCO, Calif., April 29, 2021 /PRNewswire/ -- AKASA, the only Unified Automation company for healthcare revenue cycle management, released results of a national survey designed to assess deployment of technology solutions during the COVID-19 pandemic in revenue cycle operations at hospitals and health systems across the U.S. According to the survey, about 75 percent of health systems had active technology deployments during the pandemic. Nearly 40 percent of health systems and hospitals were able to use fully remote deployment processes to keep projects on track despite social distancing and/or quarantine requirements. More than 35 percent of health systems experienced project delays and 90 percent of these delays lasted 3 to 6 months or longer. More than 35 percent of health systems experienced project delays and 90 percent of these delays lasted 3 to 6 months or longer. Nearly 75% of Health Systems Report Active Technology Projects in Revenue Cycle Operations During Pandemic. The survey was commissioned by AKASA and conducted through the Healthcare Financial Management Association's (HFMA) Pulse Survey program. The survey was fielded between December 17, 2020 and Feb 5, 2021 among more than 350 chief financial officers and revenue cycle leaders at hospitals and health systems across the United States. Traditional approaches to deploying automation or other technology tools typically require consultants to shadow employees to document workflows and processes. Social distancing requirements significantly limited the ability to shadow staff. As a result, implementation timelines slowed or projects were paused altogether. Revenue cycle leaders are prioritizing the ability of technology partners to deploy their solutions rapidly and remotely. "The pandemic served as a forcing function for many organizations that may have been hesitant to deploy technology solutions using remote processes in the past. In this regard, healthcare executives have demonstrated strong leadership and the ability to adapt in uncertain times," said Varun Ganapathi, PhD, co-founder and chief technology officer of AKASA. "Remote deployments are often more efficient and less disruptive with the right partners. At AKASA, we intentionally designed Unified Automation for remote deployments from inception to provide the most immediate value possible to our customers."Survey respondents were asked, "Have social distancing or quarantine requirements related to COVID-19 caused a delay or postponement of the deployment of any technology solutions or other projects in your revenue cycle operations?" Yes, our projects have been delayed. Social distancing and/or quarantine requirements have limited our ability to accommodate required on-site consultants and knowledge transfer. 36.1% No, we have used fully remote deployment processes to keep our projects on schedule. Our solution providers were able to deploy their solutions without the need for onsite shadowing and knowledge transfer. 38.7% No, we had no active deployments at the time social distancing or quarantine has been required. 25.2% Organizations that experienced delays were then asked, "For how long have projects been delayed?" Less than 3 months 12.1% 3-6 months 34.3% Longer than 6 months 53.6% About AKASA At AKASA, we believe every dollar spent on healthcare matters because healthcare matters to everyone. The only Unified Automation company for healthcare, AKASA uses the same machine learning approaches that made driverless cars possible to provide health systems with a single solution for automating revenue cycle operations. AKASA's unique expert-in-the-loop approach, Unified Automation, combines modern machine-learning with human judgment and subject matter expertise to provide robust and resilient automation. Unified Automation adapts to the highly dynamic nature of revenue cycle operations and has been purpose-built for healthcare. AKASA enables health systems to decrease their cost to collect so they can invest more in patient care and be better stewards of the healthcare dollar. AKASA is based in the heart of Silicon Valley. Learn more at www.AKASA.com. SOURCE AKASA Related Links https://www.akasa.com
edtsum7935
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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, Aug. 20, 2020 /PRNewswire/ --Boutique Family Law firm Orsinger, Nelson, Downing & Anderson has 14 attorneys that have earned selection to the 2021 edition of Best Lawyers in America, a national peer review guide of top lawyers in the country. The 2021 listing honors name partners Richard Orsinger, Keith Nelson, Scott Downing and Jeff Anderson for Family Law. In addition, Mr. Orsinger earned recognition for his Appellate work, and Mr. Anderson for his Family Law Arbitration practice. Firm partners William M.ReppetoIII, Brad M. LaMorgese,Amber LiddellAlwais,Paula A. Bennett, Lon M. Loveless, Paul Hewett, Holly Rampy Baird, and R. Porter Corrigan, as well as associate Ryan Kirkhamand Of CounselJames M. Lovelesshave each been recognized for representing individuals in Family Law, with Mr. Corrigan and Mr. Kirkham earning placement on the list for the first time.In addition, Mr. LaMorgese earned honors for his Appellate practice, and Ms. Bennett received additional recognition for Family Law Mediation. "We take pride in taking care of our clients and finding the best solutions for their cases," said Mr. LaMorgese. "We are grateful that our peers recognize us for our hard work and dedication to our practice." The rigorous Best Lawyers selection process starts with peer evaluations from lawyers across the nation to create a pool of attorneys, followed by vetting by Best Lawyers researchers. The complete 2021 Best Lawyers in America edition is availableonline at http://bestlawyers.com. Orsinger, Nelson, Downing & Anderson, LLP, is a nationally recognized firm with more Top 100 Super Lawyers in Texas than any other Family Law firm in the state.With offices in Dallas, Frisco, Fort Worth and San Antonio, Orsinger, Nelson, Downing & Anderson, LLP, is one of Texas' largest Family Law firms. Each partner is Board Certified in Family Law by the Texas Board of Legal Specialization, as well as a member of the Texas Academy of Family Law Specialists. To learn more about Orsinger, Nelson, Downing & Anderson, visithttp://www.ondafamilylaw.com. Media Contact:Sophia Reza800-559-4534[emailprotected] SOURCE Orsinger, Nelson, Downing & Anderson, LLP Related Links http://www.ondafamilylaw.com Answer:
Best Lawyers 2021 Honors 14 Orsinger, Nelson, Downing & Anderson Family Law Attorneys Attorneys are recognized in Family Law, arbitration, mediation, and appellate practices
DALLAS, Aug. 20, 2020 /PRNewswire/ --Boutique Family Law firm Orsinger, Nelson, Downing & Anderson has 14 attorneys that have earned selection to the 2021 edition of Best Lawyers in America, a national peer review guide of top lawyers in the country. The 2021 listing honors name partners Richard Orsinger, Keith Nelson, Scott Downing and Jeff Anderson for Family Law. In addition, Mr. Orsinger earned recognition for his Appellate work, and Mr. Anderson for his Family Law Arbitration practice. Firm partners William M.ReppetoIII, Brad M. LaMorgese,Amber LiddellAlwais,Paula A. Bennett, Lon M. Loveless, Paul Hewett, Holly Rampy Baird, and R. Porter Corrigan, as well as associate Ryan Kirkhamand Of CounselJames M. Lovelesshave each been recognized for representing individuals in Family Law, with Mr. Corrigan and Mr. Kirkham earning placement on the list for the first time.In addition, Mr. LaMorgese earned honors for his Appellate practice, and Ms. Bennett received additional recognition for Family Law Mediation. "We take pride in taking care of our clients and finding the best solutions for their cases," said Mr. LaMorgese. "We are grateful that our peers recognize us for our hard work and dedication to our practice." The rigorous Best Lawyers selection process starts with peer evaluations from lawyers across the nation to create a pool of attorneys, followed by vetting by Best Lawyers researchers. The complete 2021 Best Lawyers in America edition is availableonline at http://bestlawyers.com. Orsinger, Nelson, Downing & Anderson, LLP, is a nationally recognized firm with more Top 100 Super Lawyers in Texas than any other Family Law firm in the state.With offices in Dallas, Frisco, Fort Worth and San Antonio, Orsinger, Nelson, Downing & Anderson, LLP, is one of Texas' largest Family Law firms. Each partner is Board Certified in Family Law by the Texas Board of Legal Specialization, as well as a member of the Texas Academy of Family Law Specialists. To learn more about Orsinger, Nelson, Downing & Anderson, visithttp://www.ondafamilylaw.com. Media Contact:Sophia Reza800-559-4534[emailprotected] SOURCE Orsinger, Nelson, Downing & Anderson, LLP Related Links http://www.ondafamilylaw.com
edtsum7936
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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, Jan. 18, 2021 /PRNewswire/ -- "I desired a means to minimize the damage to plant root structures," said an inventor from Macomb, Mich. "This inspired me to develop a plant support product containing four sticks for use in pots." He developed the PLANT SUSPENDERS to facilitate the cultivation of cannabis and other plants. This invention minimizes damage to plant root structures, eliminates shade while providing an optimal level of support. This may result in increased yields. Additionally, it features a durable and efficient design. The original design was submitted to the Bingham Farms sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 19-BGF-2461, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com SOURCE InventHelp Related Links http://www.inventhelp.com Answer:
InventHelp Inventor Develops Healthy Support (BGF-2461)
PITTSBURGH, Jan. 18, 2021 /PRNewswire/ -- "I desired a means to minimize the damage to plant root structures," said an inventor from Macomb, Mich. "This inspired me to develop a plant support product containing four sticks for use in pots." He developed the PLANT SUSPENDERS to facilitate the cultivation of cannabis and other plants. This invention minimizes damage to plant root structures, eliminates shade while providing an optimal level of support. This may result in increased yields. Additionally, it features a durable and efficient design. The original design was submitted to the Bingham Farms sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 19-BGF-2461, 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
edtsum7937
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: NEW YORK, June 12, 2020 /PRNewswire/ --Concrete Superplasticizer Market Research Report by Product (Modified Lignosulfonates, Polycarboxylic Acids, Sulfonated Melamine Formaldehyde, and Sulfonated Naphthalene Formaldehyde), by Concrete (High-performance Concrete, Precast Concrete, Ready-mix Concrete, and Shotcrete) - Global Forecast to 2025 - Cumulative Impact of COVID-19Read the full report: https://www.reportlinker.com/p05913930/?utm_source=PRN The Global Concrete Superplasticizer Market is expected to grow from USD 4,966.75 Million in 2019 to USD 6,909.10 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 5.65%.Market Segmentation & Coverage:This research report categorizes the Concrete Superplasticizer to forecast the revenues and analyze the trends in each of the following sub-markets:On the basis of Product, the Concrete Superplasticizer Market is studied across Modified Lignosulfonates, Polycarboxylic Acids, Sulfonated Melamine Formaldehyde, and Sulfonated Naphthalene Formaldehyde. On the basis of Concrete, the Concrete Superplasticizer Market is studied across High-performance Concrete, Precast Concrete, Ready-mix Concrete, and Shotcrete. On the basis of Geography, the Concrete Superplasticizer 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 Superplasticizer Market including Arkema SA, BASF SE, Enaspol a.s., Euclid Chemical Company, Fuclear Technologies Inc., Kao Corporation, MAPEI S.p.A., Sika AG, Sure Chemicals Limited, and W. R. Grace & Company. FPNV Positioning Matrix:The FPNV Positioning Matrix evaluates and categorizes the vendors in the Concrete Superplasticizer 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.Cumulative Impact of COVID-19:COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.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 Superplasticizer Market?2. What are the inhibiting factors and impact of COVID-19 shaping the Global Concrete Superplasticizer Market during the forecast period?3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Concrete Superplasticizer Market?4. What is the competitive strategic window for opportunities in the Global Concrete Superplasticizer Market?5. What are the technology trends and regulatory frameworks in the Global Concrete Superplasticizer Market?6. What are the modes and strategic moves considered suitable for entering the Global Concrete Superplasticizer Market?Read the full report: https://www.reportlinker.com/p05913930/?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 Answer:
The Global Concrete Superplasticizer Market is expected to grow from USD 4,966.75 Million in 2019 to USD 6,909.10 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 5.65%
NEW YORK, June 12, 2020 /PRNewswire/ --Concrete Superplasticizer Market Research Report by Product (Modified Lignosulfonates, Polycarboxylic Acids, Sulfonated Melamine Formaldehyde, and Sulfonated Naphthalene Formaldehyde), by Concrete (High-performance Concrete, Precast Concrete, Ready-mix Concrete, and Shotcrete) - Global Forecast to 2025 - Cumulative Impact of COVID-19Read the full report: https://www.reportlinker.com/p05913930/?utm_source=PRN The Global Concrete Superplasticizer Market is expected to grow from USD 4,966.75 Million in 2019 to USD 6,909.10 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 5.65%.Market Segmentation & Coverage:This research report categorizes the Concrete Superplasticizer to forecast the revenues and analyze the trends in each of the following sub-markets:On the basis of Product, the Concrete Superplasticizer Market is studied across Modified Lignosulfonates, Polycarboxylic Acids, Sulfonated Melamine Formaldehyde, and Sulfonated Naphthalene Formaldehyde. On the basis of Concrete, the Concrete Superplasticizer Market is studied across High-performance Concrete, Precast Concrete, Ready-mix Concrete, and Shotcrete. On the basis of Geography, the Concrete Superplasticizer 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 Superplasticizer Market including Arkema SA, BASF SE, Enaspol a.s., Euclid Chemical Company, Fuclear Technologies Inc., Kao Corporation, MAPEI S.p.A., Sika AG, Sure Chemicals Limited, and W. R. Grace & Company. FPNV Positioning Matrix:The FPNV Positioning Matrix evaluates and categorizes the vendors in the Concrete Superplasticizer 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.Cumulative Impact of COVID-19:COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.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 Superplasticizer Market?2. What are the inhibiting factors and impact of COVID-19 shaping the Global Concrete Superplasticizer Market during the forecast period?3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Concrete Superplasticizer Market?4. What is the competitive strategic window for opportunities in the Global Concrete Superplasticizer Market?5. What are the technology trends and regulatory frameworks in the Global Concrete Superplasticizer Market?6. What are the modes and strategic moves considered suitable for entering the Global Concrete Superplasticizer Market?Read the full report: https://www.reportlinker.com/p05913930/?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
edtsum7938
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 "Automotive Remote Diagnostics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering. The global automotive remote diagnostics market grew at a CAGR of around 13% during 2014-2019 Automotive remote diagnostics refers to an automobile system that enables the monitoring of vehicles through a wireless network. The diagnostic equipment is connected to a 3G, 4G or Wi-Fi-based platform that operates and records the data regarding vehicle health. The data is further analyzed by computer software to provide useful insights. This aids in assessing vehicle performance in real-time, minimizing the service time and preventing further failures. As a result, it is commonly used in passenger and commercial vehicles for automatic crash notification, vehicle location tracking, roadside assistance and vehicle health alert system. Significant growth in the automotive industry represents as one of the key factors driving the growth of the market. Furthermore, increasing emphasis of original equipment manufacturers (OEMs) on the improvement of vehicle performance and collection of relevant data is also driving the market growth. The adoption of automotive remote diagnostics aids in significantly minimizing service downtime and effectively predicting component defects. In line with this, the increasing demand for electric and hybrid vehicles (E/HVs) is also contributing to the market growth. Additionally, various technological advancements, such as the integration of the Internet of Things (IoT) and telematics, are acting as other growth-inducing factors. These technologies enable users to interact with the connected car eco-systems to offer an improved and comfortable driving experience. Other factors, including the rising demand for luxury and sports vehicles, along with extensive research and development (R&D) activities on improving safety and security of the passengers, are anticipated to drive the market further. Looking forward, the global automotive remote diagnostics market to continue its strong growth during the next five years. Key Questions Answered in This Report: Key Topics Covered: 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Automotive Remote Diagnostics Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Product Type 6.1 Diagnostic Equipment 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Software 7 Market Breakup by Connectivity 7.1 3G 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 4G LTE 7.3 Wi-Fi 7.4 Bluetooth 8 Market Breakup by Vehicle Type 8.1 Passenger Cars 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Commercial Vehicles 9 Market Breakup by Application 9.1 Automatic Crash Notification 9.1.1 Market Trends 9.1.2 Market Forecast 9.2 Vehicle Tracking 9.3 Vehicle Health Alert 9.4 Roadside Assistance 10 Market Breakup by Region 11 SWOT Analysis 11.1 Overview 11.2 Strengths 11.3 Weaknesses 11.4 Opportunities 11.5 Threats 12 Value Chain Analysis 13 Porters Five Forces Analysis 13.1 Overview 13.2 Bargaining Power of Buyers 13.3 Bargaining Power of Suppliers 13.4 Degree of Competition 13.5 Threat of New Entrants 13.6 Threat of Substitutes 14 Price Analysis 15 Competitive Landscape 15.1 Market Structure 15.2 Key Players 15.3 Profiles of Key Players For more information about this report visit https://www.researchandmarkets.com/r/14sn64 Answer:
Global Automotive Remote Diagnostics Markets, 2014-2019 & 2020-2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Automotive Remote Diagnostics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering. The global automotive remote diagnostics market grew at a CAGR of around 13% during 2014-2019 Automotive remote diagnostics refers to an automobile system that enables the monitoring of vehicles through a wireless network. The diagnostic equipment is connected to a 3G, 4G or Wi-Fi-based platform that operates and records the data regarding vehicle health. The data is further analyzed by computer software to provide useful insights. This aids in assessing vehicle performance in real-time, minimizing the service time and preventing further failures. As a result, it is commonly used in passenger and commercial vehicles for automatic crash notification, vehicle location tracking, roadside assistance and vehicle health alert system. Significant growth in the automotive industry represents as one of the key factors driving the growth of the market. Furthermore, increasing emphasis of original equipment manufacturers (OEMs) on the improvement of vehicle performance and collection of relevant data is also driving the market growth. The adoption of automotive remote diagnostics aids in significantly minimizing service downtime and effectively predicting component defects. In line with this, the increasing demand for electric and hybrid vehicles (E/HVs) is also contributing to the market growth. Additionally, various technological advancements, such as the integration of the Internet of Things (IoT) and telematics, are acting as other growth-inducing factors. These technologies enable users to interact with the connected car eco-systems to offer an improved and comfortable driving experience. Other factors, including the rising demand for luxury and sports vehicles, along with extensive research and development (R&D) activities on improving safety and security of the passengers, are anticipated to drive the market further. Looking forward, the global automotive remote diagnostics market to continue its strong growth during the next five years. Key Questions Answered in This Report: Key Topics Covered: 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Automotive Remote Diagnostics Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Product Type 6.1 Diagnostic Equipment 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Software 7 Market Breakup by Connectivity 7.1 3G 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 4G LTE 7.3 Wi-Fi 7.4 Bluetooth 8 Market Breakup by Vehicle Type 8.1 Passenger Cars 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Commercial Vehicles 9 Market Breakup by Application 9.1 Automatic Crash Notification 9.1.1 Market Trends 9.1.2 Market Forecast 9.2 Vehicle Tracking 9.3 Vehicle Health Alert 9.4 Roadside Assistance 10 Market Breakup by Region 11 SWOT Analysis 11.1 Overview 11.2 Strengths 11.3 Weaknesses 11.4 Opportunities 11.5 Threats 12 Value Chain Analysis 13 Porters Five Forces Analysis 13.1 Overview 13.2 Bargaining Power of Buyers 13.3 Bargaining Power of Suppliers 13.4 Degree of Competition 13.5 Threat of New Entrants 13.6 Threat of Substitutes 14 Price Analysis 15 Competitive Landscape 15.1 Market Structure 15.2 Key Players 15.3 Profiles of Key Players For more information about this report visit https://www.researchandmarkets.com/r/14sn64
edtsum7939
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: RESTON, Va., Oct. 21, 2020 /PRNewswire/ --IndraSoft, Inc. a leading cybersecurity and full-stack DevSecOps federal consulting services firm is proud to announce that it has been awarded a 5-year Basic Ordering Agreement (BOA) for DevSecOps Services to support the Air Force Life Cycle Management Center (AFLCMC) Cryptologic and Cyber Systems Division's LevelUP Platform One program, and potentially DoD-wide. Based in San Antonio, TX, the U.S. Air Force's LevelUP Platform One program is spearheading Agile and DevSecOps technology innovations to rapidly deliver capabilities to support a wide range of Air Force and DoD missions. (PRNewsfoto/IndraSoft, Inc.) IndraSoft is an emerging leader in Agile, DevSecOps, and Cybersecurity solutions for our federal customers, supporting their cyber software factory needs by building a cadre of architects, full stack developers, and systems and cybersecurity engineers. Combining mission critical capabilities with tools such as our Vauban Cybersecurity Security Orchestration, Automation and Response (SOAR) platform built to enhance security operations and continuous monitoring throughout the DevSecOps delivery pipeline enables IndraSoft to help customers evolve to achieve continuous authority to operate (C-ATO) in a DevSecOps CI/CD containerized and secure cloud environment. Raj Lingam, President & CTO stated, "We are thrilled to be a part of the LevelUP Platform One team to help deliver solutions that would transform the way software systems are rapidly and securely developed and deployed across DoD at the speed of agile to create a competitive edge for our war fighters. We are proud to add DevSecOps Services BOA in addition to our existing DevSecOps Tools BOA to support our DoD customer base." For more information about IndraSoft's DevSecOps Services BOA, contact us at [emailprotected].About IndraSoftIndraSoft provides cutting edge Enterprise IT solutions to our customers across DoD and Civilian Federal Agencies including U.S. Air Force, U.S. Army, Defense Manpower Data Center, Defense Information Systems Agency, Defense Logistics Agency, USTRANSCOM, Department of State, and U.S. Census Bureau. IndraSoft's Agile/DevOps, Cybersecurity, Cloud, Data Analytics, AI/ML and Blockchain solutions enable our customers to focus on mission imperatives with confidence in the value of IndraSoft's commitment, ability, and high performing staff.SOURCE IndraSoft, Inc. Answer:
IndraSoft awarded 5-year US Air Force DevSecOps Services BOA
RESTON, Va., Oct. 21, 2020 /PRNewswire/ --IndraSoft, Inc. a leading cybersecurity and full-stack DevSecOps federal consulting services firm is proud to announce that it has been awarded a 5-year Basic Ordering Agreement (BOA) for DevSecOps Services to support the Air Force Life Cycle Management Center (AFLCMC) Cryptologic and Cyber Systems Division's LevelUP Platform One program, and potentially DoD-wide. Based in San Antonio, TX, the U.S. Air Force's LevelUP Platform One program is spearheading Agile and DevSecOps technology innovations to rapidly deliver capabilities to support a wide range of Air Force and DoD missions. (PRNewsfoto/IndraSoft, Inc.) IndraSoft is an emerging leader in Agile, DevSecOps, and Cybersecurity solutions for our federal customers, supporting their cyber software factory needs by building a cadre of architects, full stack developers, and systems and cybersecurity engineers. Combining mission critical capabilities with tools such as our Vauban Cybersecurity Security Orchestration, Automation and Response (SOAR) platform built to enhance security operations and continuous monitoring throughout the DevSecOps delivery pipeline enables IndraSoft to help customers evolve to achieve continuous authority to operate (C-ATO) in a DevSecOps CI/CD containerized and secure cloud environment. Raj Lingam, President & CTO stated, "We are thrilled to be a part of the LevelUP Platform One team to help deliver solutions that would transform the way software systems are rapidly and securely developed and deployed across DoD at the speed of agile to create a competitive edge for our war fighters. We are proud to add DevSecOps Services BOA in addition to our existing DevSecOps Tools BOA to support our DoD customer base." For more information about IndraSoft's DevSecOps Services BOA, contact us at [emailprotected].About IndraSoftIndraSoft provides cutting edge Enterprise IT solutions to our customers across DoD and Civilian Federal Agencies including U.S. Air Force, U.S. Army, Defense Manpower Data Center, Defense Information Systems Agency, Defense Logistics Agency, USTRANSCOM, Department of State, and U.S. Census Bureau. IndraSoft's Agile/DevOps, Cybersecurity, Cloud, Data Analytics, AI/ML and Blockchain solutions enable our customers to focus on mission imperatives with confidence in the value of IndraSoft's commitment, ability, and high performing staff.SOURCE IndraSoft, Inc.
edtsum7940
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 SMITH, Ark., March 9, 2021 /PRNewswire/ -- ArcBest (Nasdaq: ARCB), a leader in supply chain logistics, is pleased to announce it was recently awarded a Bronze medal for its 2021 sustainability rating from EcoVadis. EcoVadis monitors sustainability in global supply chains by rating and benchmarking the quality of a company's sustainability performance. The Bronze rating recognizes sustainability performance in the top half of all companies and industries rated across the world. "We are very honored to achieve a Bronze status with EcoVadis," said Judy R. McReynolds, ArcBest chairman, president and CEO. "At ArcBest, we strive to be a responsible corporate citizen in every community in which we operate. We know our progress regarding sustainability is a long-term commitment that benefits all of us, and we continue to identify steps to minimize our footprint and conserve resources." EcoVadis' sustainability rating methodology covers 21 sustainability criteria across four themes: Environment, Labor & Human Rights, Ethics and Sustainable Procurement. EcoVadis is the world's most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis' actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200 purchasing categories and 160 countries. For more on ArcBest's commitment to corporate responsibility, visit arcb.com/ESG. ABOUT ARCBEST ArcBest (Nasdaq: ARCB) is a leading logistics company with creative problem solvers who deliver innovative solutions for our customers' supply chain needs. We'll find a way to deliver knowledge, expertise and a can-do attitude with every shipment and supply chain solution, household move or vehicle repair. At ArcBest, we're More Than Logistics. For more information, visit arcb.com. Media Contact: Josh HavensEmail: [emailprotected]Phone: 479-494-8125 SOURCE ArcBest Related Links https://arcb.com/ Answer:
ArcBest Receives Bronze Medal From EcoVadis Award recognizes sustainability performance
FORT SMITH, Ark., March 9, 2021 /PRNewswire/ -- ArcBest (Nasdaq: ARCB), a leader in supply chain logistics, is pleased to announce it was recently awarded a Bronze medal for its 2021 sustainability rating from EcoVadis. EcoVadis monitors sustainability in global supply chains by rating and benchmarking the quality of a company's sustainability performance. The Bronze rating recognizes sustainability performance in the top half of all companies and industries rated across the world. "We are very honored to achieve a Bronze status with EcoVadis," said Judy R. McReynolds, ArcBest chairman, president and CEO. "At ArcBest, we strive to be a responsible corporate citizen in every community in which we operate. We know our progress regarding sustainability is a long-term commitment that benefits all of us, and we continue to identify steps to minimize our footprint and conserve resources." EcoVadis' sustainability rating methodology covers 21 sustainability criteria across four themes: Environment, Labor & Human Rights, Ethics and Sustainable Procurement. EcoVadis is the world's most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis' actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200 purchasing categories and 160 countries. For more on ArcBest's commitment to corporate responsibility, visit arcb.com/ESG. ABOUT ARCBEST ArcBest (Nasdaq: ARCB) is a leading logistics company with creative problem solvers who deliver innovative solutions for our customers' supply chain needs. We'll find a way to deliver knowledge, expertise and a can-do attitude with every shipment and supply chain solution, household move or vehicle repair. At ArcBest, we're More Than Logistics. For more information, visit arcb.com. Media Contact: Josh HavensEmail: [emailprotected]Phone: 479-494-8125 SOURCE ArcBest Related Links https://arcb.com/
edtsum7941
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: CHICAGO, Aug. 17, 2020 /PRNewswire/ -- According to the new market research report "Specialty Fertilizers Marketby Type (UAN, CAN, MAP, Potassium Sulfate, and Potassium Nitrate), Application Method (Soil, Foliar, and Fertigation), Form (Dry and Liquid), Crop Type, Technology, and Region Global Forecast to 2025", published by MarketsandMarkets, the global Specialty Fertilizers Market is estimated to be valued at USD 37.6 billion in 2020 and is projected to reach a value of USD 51.3 billion by 2025, growing at a CAGR of 6.4% during the forecast period. Factors such as the rise in demand for high-efficiency fertilizers and an increase in crop varieties are projected to drive the growth of the specialty fertilizers market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=57479139 The urea-ammonium nitrate (UAN) segment is projected to be the largest segment in the specialty fertilizers market during the forecast period. UAN is considered to be an excellent irrigation fertilizer for cereal production and irrigated plant cultivation. It is basically used before plowing the field, which helps in enhancing its degradation. Solutions of urea ammonium nitrate (UAN) are widely used as a source of nitrogen for plant nutrition. In combination with plant protective agents, it is mixed in the irrigation water for irrigated plant cultivation. Fluid fertilizers are blended together to meet the specific needs of a crop. Browse in-depth TOC on"Specialty Fertilizers Market" 220 Tables 50 Figures287 Pages The fertigation segment is estimated to account for the largest market share, in terms of value, in 2020. Fertigation is used in the fields of row crops, horticultural crops, fruit crops, vegetable crops, and ornamental & flowering crops. The fertigation method allows the homogenous application of liquid specialty fertilizers in an adequate amount to the wetted zone in the root development, where most of the active roots are concentrated, which helps in enhancing the efficiency of specialty fertilizers. This technique allows specialty fertilizers to be distributed evenly in irrigation. The application of specialty fertilizers through fertigation increases its efficiency by 10%15%, as compared to conventional fertilization. The coated & encapsulated segment is projected to witness the fastest growth, in terms of value, in the specialty fertilizers market, on the basis of technology, from 2016 to 2025. Coated & encapsulated specialty fertilizers are conventional soluble fertilizer materials with increasingly available nutrients, which after granulation, prilling, or crystallization, are given a protective (water-insoluble) coating to control the water penetration, thereby affecting the rate of dissolution and the nutrient release. To further reduce the total fertilizer costs, coated & encapsulated fertilizers are increasingly used with the blend of conventional fertilizers in different ratios. These fertilizers offer greater flexibility in determining the nutrient release pattern. Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=57479139 South America is projected to grow at the highest CAGR during the forecast period. The market for specialty fertilizers in the South America region is projected to grow at the highest CAGR from 2020 to 2025. According to FAOSTAT, Brazil is the largest producer of agricultural products due to the availability of abundant land and rural labor force, followed by Argentina. The growth in South America is majorly attributed to the increase in the adoption of agrochemicals and advancements in farming techniques in Brazil and Argentina with distribution channels established by global agrochemical players. Due to these factors, the market in the South America region is projected to record the highest growth from 2020 to 2025. This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the liquid fertilizers market. It includes the profiles of leading companies, such as Nutrien, Ltd.(Canada), Yara International ASA (Norway), Israel Chemical Ltd. (Israel), K+S Aktiengesellschaft (Germany), Sociedad Qumica Y Minera De Chile (SQM) (Chile), The Mosaic Company (US), EuroChem Group (Switzerland), CF Industries Holdings, Inc. (US), OCP Group (Morocco), OCI Nitrogen (Netherlands), Wilbur-Ellis (US), Kugler (US), Haifa Group (Israel), COMPO Expert GmbH (Germany), AgroLiquid (US), Plant Food Company, Inc. (US), Coromandel International Ltd (India), and Deepak Fertilizers & Petrochemicals Corporation Ltd. (India), Nufarm (Australia), and Brandt (US). Related Reports: Liquid Fertilizers Market by Type (Nitrogen, Phosphorus, Potassium, and Micronutrients), Mode of Application (Soil, Foliar, and Fertigation), Major Compounds (CAN, UAN, MAP, DAP, and Potassium Nitrate), Crop Type, and Region - Global Forecast to 2025 https://www.marketsandmarkets.com/Market-Reports/liquid-fertilizer-market-225530281.html Water-Soluble Fertilizers Market by Type (Nitrogenous, Phosphatic, Potassic, and Micronutrients), Application (Fertigation and Foliar Application), Crop Type (Field, Horticultural, and Turf & Ornamentals), and Region - Global Forecast to 2022 https://www.marketsandmarkets.com/Market-Reports/water-soluble-fertilizers-market-1055.html Browse Adjacent Reports:Agrochemicals 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. Aashish MehraMarketsandMarkets INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [emailprotected] Visit Our Web Site: https://www.marketsandmarkets.com Research Insight: https://www.marketsandmarkets.com/ResearchInsight/specialty-fertilizer-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/specialty-fertilizer.asp SOURCE MarketsandMarkets Answer:
Specialty Fertilizers Market worth $51.3 billion by 2025 - Exclusive Report by MarketsandMarkets
CHICAGO, Aug. 17, 2020 /PRNewswire/ -- According to the new market research report "Specialty Fertilizers Marketby Type (UAN, CAN, MAP, Potassium Sulfate, and Potassium Nitrate), Application Method (Soil, Foliar, and Fertigation), Form (Dry and Liquid), Crop Type, Technology, and Region Global Forecast to 2025", published by MarketsandMarkets, the global Specialty Fertilizers Market is estimated to be valued at USD 37.6 billion in 2020 and is projected to reach a value of USD 51.3 billion by 2025, growing at a CAGR of 6.4% during the forecast period. Factors such as the rise in demand for high-efficiency fertilizers and an increase in crop varieties are projected to drive the growth of the specialty fertilizers market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=57479139 The urea-ammonium nitrate (UAN) segment is projected to be the largest segment in the specialty fertilizers market during the forecast period. UAN is considered to be an excellent irrigation fertilizer for cereal production and irrigated plant cultivation. It is basically used before plowing the field, which helps in enhancing its degradation. Solutions of urea ammonium nitrate (UAN) are widely used as a source of nitrogen for plant nutrition. In combination with plant protective agents, it is mixed in the irrigation water for irrigated plant cultivation. Fluid fertilizers are blended together to meet the specific needs of a crop. Browse in-depth TOC on"Specialty Fertilizers Market" 220 Tables 50 Figures287 Pages The fertigation segment is estimated to account for the largest market share, in terms of value, in 2020. Fertigation is used in the fields of row crops, horticultural crops, fruit crops, vegetable crops, and ornamental & flowering crops. The fertigation method allows the homogenous application of liquid specialty fertilizers in an adequate amount to the wetted zone in the root development, where most of the active roots are concentrated, which helps in enhancing the efficiency of specialty fertilizers. This technique allows specialty fertilizers to be distributed evenly in irrigation. The application of specialty fertilizers through fertigation increases its efficiency by 10%15%, as compared to conventional fertilization. The coated & encapsulated segment is projected to witness the fastest growth, in terms of value, in the specialty fertilizers market, on the basis of technology, from 2016 to 2025. Coated & encapsulated specialty fertilizers are conventional soluble fertilizer materials with increasingly available nutrients, which after granulation, prilling, or crystallization, are given a protective (water-insoluble) coating to control the water penetration, thereby affecting the rate of dissolution and the nutrient release. To further reduce the total fertilizer costs, coated & encapsulated fertilizers are increasingly used with the blend of conventional fertilizers in different ratios. These fertilizers offer greater flexibility in determining the nutrient release pattern. Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=57479139 South America is projected to grow at the highest CAGR during the forecast period. The market for specialty fertilizers in the South America region is projected to grow at the highest CAGR from 2020 to 2025. According to FAOSTAT, Brazil is the largest producer of agricultural products due to the availability of abundant land and rural labor force, followed by Argentina. The growth in South America is majorly attributed to the increase in the adoption of agrochemicals and advancements in farming techniques in Brazil and Argentina with distribution channels established by global agrochemical players. Due to these factors, the market in the South America region is projected to record the highest growth from 2020 to 2025. This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the liquid fertilizers market. It includes the profiles of leading companies, such as Nutrien, Ltd.(Canada), Yara International ASA (Norway), Israel Chemical Ltd. (Israel), K+S Aktiengesellschaft (Germany), Sociedad Qumica Y Minera De Chile (SQM) (Chile), The Mosaic Company (US), EuroChem Group (Switzerland), CF Industries Holdings, Inc. (US), OCP Group (Morocco), OCI Nitrogen (Netherlands), Wilbur-Ellis (US), Kugler (US), Haifa Group (Israel), COMPO Expert GmbH (Germany), AgroLiquid (US), Plant Food Company, Inc. (US), Coromandel International Ltd (India), and Deepak Fertilizers & Petrochemicals Corporation Ltd. (India), Nufarm (Australia), and Brandt (US). Related Reports: Liquid Fertilizers Market by Type (Nitrogen, Phosphorus, Potassium, and Micronutrients), Mode of Application (Soil, Foliar, and Fertigation), Major Compounds (CAN, UAN, MAP, DAP, and Potassium Nitrate), Crop Type, and Region - Global Forecast to 2025 https://www.marketsandmarkets.com/Market-Reports/liquid-fertilizer-market-225530281.html Water-Soluble Fertilizers Market by Type (Nitrogenous, Phosphatic, Potassic, and Micronutrients), Application (Fertigation and Foliar Application), Crop Type (Field, Horticultural, and Turf & Ornamentals), and Region - Global Forecast to 2022 https://www.marketsandmarkets.com/Market-Reports/water-soluble-fertilizers-market-1055.html Browse Adjacent Reports:Agrochemicals 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. Aashish MehraMarketsandMarkets INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [emailprotected] Visit Our Web Site: https://www.marketsandmarkets.com Research Insight: https://www.marketsandmarkets.com/ResearchInsight/specialty-fertilizer-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/specialty-fertilizer.asp SOURCE MarketsandMarkets
edtsum7942
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: ALEXANDRIA, Va., Sept. 30, 2020 /PRNewswire/ --Today, Parry Labs LLC. officially announced the successful demonstration of their hyperconverged mission computing technology, Stellar Relay, enabling Architecture, Automation, Autonomy Interfaces (A3I) capabilities for U.S. Special Operations Command in collaboration with Army's Project Convergence. This demonstration was part of a larger exercise geared towards advancing and expanding military technology. Stellar Relay Stellar Relay is a hardware and software product line for unmanned aerial systems (UAS) systems that enable rapid systems integration, artificial intelligence, machine learning, radio and network crossbanding, precision targeting, data correlation, and onboard real-time sensor processing. "We are honored to participate in this year's A3I demonstrations," said CEO John Parkes. "The U.S. Army and U.S. Special Operations Command have provided the leadership and vision to bring together these best-of-breed commercial and government teammates to rapidly integrate and deploy near pear and other enabling capabilities to the warfighter. This program provided us with the exceptional opportunity to demonstrate cutting edge technology to the U.S. Army and U.S Special Operations Command, helping make their vison a reality and setting up technology stacks for immediate adoption and fielding." U.S. Special Operations Command's A3I shortens the kill chain in today's contested battlespace with networked sensors and weapons in a spiral development, test, and fielding cycle, leveraging lessons learned to rapidly innovate, mature, and deliver new capability in support of Joint All Domain Operations (JADO).US Army's Project Convergence gathers top defense solutions providers to experiment and demonstrate their ability to address priority technologies in development for future warfare land, maritime, air, cyber, space, and JADO, which will account for further collaboration between armed services. This is the first Project Convergence demonstration, and the second year of Architecture, Automation, Autonomy Interfaces (A3I) capabilities demonstration, taking place in Yuma Proving Ground in Yuma, Arizona. About Parry Labs LLC.Parry Labs is a solution provider to U.S. Department of Defense and commercial aerospace companies, designing and deploying solutions ranging from expeditionary power systems, unmanned systems, edge computing, and advanced antennas. Parry Labs has offices in Maryland, Virginia, Alabama, and California. For more information about Parry Labs, visit: www.parrylabs.com Follow us on social mediaLinkedIn:https://www.linkedin.com/company/parrylabs/SOURCE Parry Labs LLC Related Links https://www.parrylabs.com Answer:
Parry Labs LLC. Successfully Demonstrates Stellar Relay for U.S. Army and Special Operations Command Stellar Relay Enables Mission Computing, Autonomy and Artificial Intelligence
ALEXANDRIA, Va., Sept. 30, 2020 /PRNewswire/ --Today, Parry Labs LLC. officially announced the successful demonstration of their hyperconverged mission computing technology, Stellar Relay, enabling Architecture, Automation, Autonomy Interfaces (A3I) capabilities for U.S. Special Operations Command in collaboration with Army's Project Convergence. This demonstration was part of a larger exercise geared towards advancing and expanding military technology. Stellar Relay Stellar Relay is a hardware and software product line for unmanned aerial systems (UAS) systems that enable rapid systems integration, artificial intelligence, machine learning, radio and network crossbanding, precision targeting, data correlation, and onboard real-time sensor processing. "We are honored to participate in this year's A3I demonstrations," said CEO John Parkes. "The U.S. Army and U.S. Special Operations Command have provided the leadership and vision to bring together these best-of-breed commercial and government teammates to rapidly integrate and deploy near pear and other enabling capabilities to the warfighter. This program provided us with the exceptional opportunity to demonstrate cutting edge technology to the U.S. Army and U.S Special Operations Command, helping make their vison a reality and setting up technology stacks for immediate adoption and fielding." U.S. Special Operations Command's A3I shortens the kill chain in today's contested battlespace with networked sensors and weapons in a spiral development, test, and fielding cycle, leveraging lessons learned to rapidly innovate, mature, and deliver new capability in support of Joint All Domain Operations (JADO).US Army's Project Convergence gathers top defense solutions providers to experiment and demonstrate their ability to address priority technologies in development for future warfare land, maritime, air, cyber, space, and JADO, which will account for further collaboration between armed services. This is the first Project Convergence demonstration, and the second year of Architecture, Automation, Autonomy Interfaces (A3I) capabilities demonstration, taking place in Yuma Proving Ground in Yuma, Arizona. About Parry Labs LLC.Parry Labs is a solution provider to U.S. Department of Defense and commercial aerospace companies, designing and deploying solutions ranging from expeditionary power systems, unmanned systems, edge computing, and advanced antennas. Parry Labs has offices in Maryland, Virginia, Alabama, and California. For more information about Parry Labs, visit: www.parrylabs.com Follow us on social mediaLinkedIn:https://www.linkedin.com/company/parrylabs/SOURCE Parry Labs LLC Related Links https://www.parrylabs.com
edtsum7943
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 "Contactless Payment Terminals Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The global contactless payment terminals market was valued at USD 13.23 billion in 2019 and is expected to reach USD 51.07 billion by the end of 2025, growing at a CAGR of 25.86% during the forecast year (2020 - 2025). The global landscape of payments and transactions is changing rapidly, owing to the growing enterprises and consumer propensity toward digital transformation and proliferation of smartphones. The technological advancements in the space of smartphones, digital payment cards, and POS at retail terminals are fueling the market growth. More and more countries are moving toward becoming cashless economies, thus, encouraging digital payment providers by incentivizing the digital form of payments by their consumers. For instance, according to a new report from HSBC, in the UK, contactless card transactions revealed that the volume of commercial card payments, both debit, and credit, increased by 24% during 2018 and 2019, while commercial credit card cash advances slumped by 14% during the year, signaling a decline in businesses' use of 'petty cash' as corporates make the shift to corporate cards. In addition to this, the global consumer inclination toward payment methods involving smartphones is increasing in the form of contactless methods of payment at POS systems, owing to which card and financial service providers are either offering their card solutions on smartphones or via third-party vendors. For instance, Goldman Sachs issued an Apple Card, which can be used for purchases on Apple devices. The stores and services across the world are rapidly adopting and are integrating mobile payment applications, such as PayPal, Samsung Pay, Apple Pay, AliPay, and WeChat Pay, to accept payments. Due to the changing lifestyles, daily commerce, and rapid growth in online retailing, this trend is expected to continue over the forecasted period. Key Market Trends Retail Industry to Hold Major Share The use of POS terminals across the retail outlets and preference for mobile wallets while checking out from physical stores are primary drivers for this segment. According to Blackhawk Network, the mobile wallet adoption is expected to create nearly USD 190 billion as the transactional value in the US by 2021 Europe to Have Largest Share in the Contactless Payment Terminals Market Owing to increasing smart card rollouts and technological advancements, Europe is expected to lead the market with the largest share. According to the Electronic Transactions Association (ETA), contactless payments on the Mastercard and Maestro networks grew by 145% in Europe in 2018. Growth in contactless payments was robust across multiple countries in Europe, thus driving interest in wearable payments. Competitive Landscape The contactless payment terminals market is consolidated due to few players are having the significant share of the market. Moreover, the lack of awareness of consumers towards contactless cards and concern over the security issue makes the market tough to enter for new players. Some of the key players in the market are Thales Group (Gemalto NV), OTI, VeriFone Systems Inc., Hewlett Packard, Ingenico Group SA, among others. Key Topics Covered: 1 INTRODUCTION 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET INSIGHTS 4.1 Market Overview (includes the impact of COVID-19 on the market) 4.2 Industry Attractiveness - Porter's Five Force Analysis 4.3 Market Drivers 4.3.1 Reduction in Queuing Time and Quicker Checkout Time 4.3.2 Convenience and Ease Associated with Contactless Payments 4.4 Market Restraints 4.4.1 Security Concerns Regarding Digital Payment 5 MARKET SEGMENTATION 5.1 By Technology** 5.1.1 Bluetooth 5.1.2 Infrared 5.1.3 Carrier-based 5.1.4 Wi-Fi 5.1.5 Other Technologies 5.2 By Payment Method 5.2.1 Account-based 5.2.2 Credit/Debit Card 5.2.3 Stored Value 5.2.4 Smart Card 5.2.5 Other Payment Modes 5.3 By Device 5.3.1 Integrated POS 5.3.2 mPOS 5.3.3 PDA 5.3.4 Unattended Terminal 5.3.5 Contactless Reader 5.3.6 Other Devices 5.4 By End User 5.4.1 Retail 5.4.2 Transportation 5.4.3 Banking 5.4.4 Government 5.4.5 Healthcare 5.4.6 Other End-user Industries 5.5 By Geography 6 COMPETITIVE LANDSCAPE 6.1 Company Profiles 6.1.1 Thales Group (Gemalto NV) 6.1.2 OTI Ltd. 6.1.3 VeriFone Systems Inc 6.1.4 Visiontek Products LLC 6.1.5 Ingenico Group SA 6.1.6 Hewlett Packard Enterprise 6.1.7 Castles Technologies 6.1.8 ID Tech Solutions 6.1.9 NEC Corporation 7 INVESTMENT ANALYSIS 8 FUTURE OF THE MARKET For more information about this report visit https://www.researchandmarkets.com/r/flonnz Answer:
$50+ Billion Contactless Payment Terminals Markets - Global Growth, Trends, and Forecasts to 2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Contactless Payment Terminals Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The global contactless payment terminals market was valued at USD 13.23 billion in 2019 and is expected to reach USD 51.07 billion by the end of 2025, growing at a CAGR of 25.86% during the forecast year (2020 - 2025). The global landscape of payments and transactions is changing rapidly, owing to the growing enterprises and consumer propensity toward digital transformation and proliferation of smartphones. The technological advancements in the space of smartphones, digital payment cards, and POS at retail terminals are fueling the market growth. More and more countries are moving toward becoming cashless economies, thus, encouraging digital payment providers by incentivizing the digital form of payments by their consumers. For instance, according to a new report from HSBC, in the UK, contactless card transactions revealed that the volume of commercial card payments, both debit, and credit, increased by 24% during 2018 and 2019, while commercial credit card cash advances slumped by 14% during the year, signaling a decline in businesses' use of 'petty cash' as corporates make the shift to corporate cards. In addition to this, the global consumer inclination toward payment methods involving smartphones is increasing in the form of contactless methods of payment at POS systems, owing to which card and financial service providers are either offering their card solutions on smartphones or via third-party vendors. For instance, Goldman Sachs issued an Apple Card, which can be used for purchases on Apple devices. The stores and services across the world are rapidly adopting and are integrating mobile payment applications, such as PayPal, Samsung Pay, Apple Pay, AliPay, and WeChat Pay, to accept payments. Due to the changing lifestyles, daily commerce, and rapid growth in online retailing, this trend is expected to continue over the forecasted period. Key Market Trends Retail Industry to Hold Major Share The use of POS terminals across the retail outlets and preference for mobile wallets while checking out from physical stores are primary drivers for this segment. According to Blackhawk Network, the mobile wallet adoption is expected to create nearly USD 190 billion as the transactional value in the US by 2021 Europe to Have Largest Share in the Contactless Payment Terminals Market Owing to increasing smart card rollouts and technological advancements, Europe is expected to lead the market with the largest share. According to the Electronic Transactions Association (ETA), contactless payments on the Mastercard and Maestro networks grew by 145% in Europe in 2018. Growth in contactless payments was robust across multiple countries in Europe, thus driving interest in wearable payments. Competitive Landscape The contactless payment terminals market is consolidated due to few players are having the significant share of the market. Moreover, the lack of awareness of consumers towards contactless cards and concern over the security issue makes the market tough to enter for new players. Some of the key players in the market are Thales Group (Gemalto NV), OTI, VeriFone Systems Inc., Hewlett Packard, Ingenico Group SA, among others. Key Topics Covered: 1 INTRODUCTION 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET INSIGHTS 4.1 Market Overview (includes the impact of COVID-19 on the market) 4.2 Industry Attractiveness - Porter's Five Force Analysis 4.3 Market Drivers 4.3.1 Reduction in Queuing Time and Quicker Checkout Time 4.3.2 Convenience and Ease Associated with Contactless Payments 4.4 Market Restraints 4.4.1 Security Concerns Regarding Digital Payment 5 MARKET SEGMENTATION 5.1 By Technology** 5.1.1 Bluetooth 5.1.2 Infrared 5.1.3 Carrier-based 5.1.4 Wi-Fi 5.1.5 Other Technologies 5.2 By Payment Method 5.2.1 Account-based 5.2.2 Credit/Debit Card 5.2.3 Stored Value 5.2.4 Smart Card 5.2.5 Other Payment Modes 5.3 By Device 5.3.1 Integrated POS 5.3.2 mPOS 5.3.3 PDA 5.3.4 Unattended Terminal 5.3.5 Contactless Reader 5.3.6 Other Devices 5.4 By End User 5.4.1 Retail 5.4.2 Transportation 5.4.3 Banking 5.4.4 Government 5.4.5 Healthcare 5.4.6 Other End-user Industries 5.5 By Geography 6 COMPETITIVE LANDSCAPE 6.1 Company Profiles 6.1.1 Thales Group (Gemalto NV) 6.1.2 OTI Ltd. 6.1.3 VeriFone Systems Inc 6.1.4 Visiontek Products LLC 6.1.5 Ingenico Group SA 6.1.6 Hewlett Packard Enterprise 6.1.7 Castles Technologies 6.1.8 ID Tech Solutions 6.1.9 NEC Corporation 7 INVESTMENT ANALYSIS 8 FUTURE OF THE MARKET For more information about this report visit https://www.researchandmarkets.com/r/flonnz
edtsum7944
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: ENGLEWOOD, Colo., March 19, 2020 /PRNewswire/ --FOX News and select local FOX affiliates today joined SLING TV's "Stay in & SLING!" initiative, a program that delivers cost-free access to news and entertainment, as the nation confronts the COVID-19 crisis. SLING TV's free experience provides Americans with news, plus thousands of shows and movies for the whole family, with no paid SLING TV account required. "'Stay in & SLING!' has been live for less than 24 hours, and we've already received a tremendous response as we put our platform to work providing American families with much needed free access to breaking news and entertainment," said Warren Schlichting, group president, SLING TV. The SLING TV free experience currently includes news from ABC News Live, FOX News and local FOX affiliates in 18 markets including: New York, Philadelphia, Chicago, Detroit, Washington D.C., Atlanta, Houston, Phoenix, Seattle, Los Angeles and San Francisco. To view the full list of local markets, visit sling.com. FOX Newsand certain FOX broadcast stations will remain on the SLING TV free experience temporarily, as the nation continues to monitor the rapidly evolving national emergency. For customers who want our best news service, SLING Blue, SLING TV is offering new customers their first month for $20 ($10 off for the first month). In addition to its available free content, SLING TV offers a variety of today's most popular channels, including CNN, FOX News and MSNBC, through its base services, SLING Orange and SLING Blue, starting at $30 per month. How to Access the SLING TV Free Experience The SLING TV free experience is available through a simple app download on a Roku, Amazon or Android device. Once downloaded, click "Browse as Guest" or "Try SLING Free" to begin watching. The SLING TV free experience is currently not available on iOS devices. The SLING TV free experience is also accessible online by visitingwatch.sling.comona Chrome, Safari or Edge browserand followingthe instructions on the welcome screen. Current SLING TV subscribers can access free content from SLING TV within the user interface on any SLING TV-supported device, without changing their subscription. Former SLING TV subscribers may need to click on "Rent Movies" and navigate to My TV to access the SLING TV free experience. About SLING TV SLING TV L.L.C. is an Emmy Award-winning live streaming TV service that provides more than 700 channels from today's most popular networks across its general market, Latino and international services. It is available on all major streaming devices, smart televisions, tablets, game consoles, computers and smartphones. SLING TV offers two general market streaming services, SLING Orange and SLING Blue, that collectively feature content from Disney/ESPN, Fox, NBC, NFL Network, AMC, A&E, AXS, Discovery, Scripps, Turner, Viacom, NBA TV, NHL Network, Pac-12 Networks, GSN, Hallmark, SHOWTIME, STARZ and EPIX. On select devices, SLING TV offers customers access to free content, la carte channels and services, plus Pay-Per-View events and movies on-demand. Additionally, SLING TV offers a suite of stand-alone and add-on Spanish-language services and packages tailored to English-dominant, bilingual and Spanish-dominant U.S. households. SLING TV is the leading U.S. provider of foreign-language programming, with more than 400 channels in 27 languages. Visit sling.com. SOURCE SLING TV L.L.C Answer:
FOX News and select local FOX affiliates join SLING TV's free "Stay in & SLING!" initiative
ENGLEWOOD, Colo., March 19, 2020 /PRNewswire/ --FOX News and select local FOX affiliates today joined SLING TV's "Stay in & SLING!" initiative, a program that delivers cost-free access to news and entertainment, as the nation confronts the COVID-19 crisis. SLING TV's free experience provides Americans with news, plus thousands of shows and movies for the whole family, with no paid SLING TV account required. "'Stay in & SLING!' has been live for less than 24 hours, and we've already received a tremendous response as we put our platform to work providing American families with much needed free access to breaking news and entertainment," said Warren Schlichting, group president, SLING TV. The SLING TV free experience currently includes news from ABC News Live, FOX News and local FOX affiliates in 18 markets including: New York, Philadelphia, Chicago, Detroit, Washington D.C., Atlanta, Houston, Phoenix, Seattle, Los Angeles and San Francisco. To view the full list of local markets, visit sling.com. FOX Newsand certain FOX broadcast stations will remain on the SLING TV free experience temporarily, as the nation continues to monitor the rapidly evolving national emergency. For customers who want our best news service, SLING Blue, SLING TV is offering new customers their first month for $20 ($10 off for the first month). In addition to its available free content, SLING TV offers a variety of today's most popular channels, including CNN, FOX News and MSNBC, through its base services, SLING Orange and SLING Blue, starting at $30 per month. How to Access the SLING TV Free Experience The SLING TV free experience is available through a simple app download on a Roku, Amazon or Android device. Once downloaded, click "Browse as Guest" or "Try SLING Free" to begin watching. The SLING TV free experience is currently not available on iOS devices. The SLING TV free experience is also accessible online by visitingwatch.sling.comona Chrome, Safari or Edge browserand followingthe instructions on the welcome screen. Current SLING TV subscribers can access free content from SLING TV within the user interface on any SLING TV-supported device, without changing their subscription. Former SLING TV subscribers may need to click on "Rent Movies" and navigate to My TV to access the SLING TV free experience. About SLING TV SLING TV L.L.C. is an Emmy Award-winning live streaming TV service that provides more than 700 channels from today's most popular networks across its general market, Latino and international services. It is available on all major streaming devices, smart televisions, tablets, game consoles, computers and smartphones. SLING TV offers two general market streaming services, SLING Orange and SLING Blue, that collectively feature content from Disney/ESPN, Fox, NBC, NFL Network, AMC, A&E, AXS, Discovery, Scripps, Turner, Viacom, NBA TV, NHL Network, Pac-12 Networks, GSN, Hallmark, SHOWTIME, STARZ and EPIX. On select devices, SLING TV offers customers access to free content, la carte channels and services, plus Pay-Per-View events and movies on-demand. Additionally, SLING TV offers a suite of stand-alone and add-on Spanish-language services and packages tailored to English-dominant, bilingual and Spanish-dominant U.S. households. SLING TV is the leading U.S. provider of foreign-language programming, with more than 400 channels in 27 languages. Visit sling.com. SOURCE SLING TV L.L.C
edtsum7945
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 CHESTER, Pa.--(BUSINESS WIRE)--QVC, Inc. (QVC) announced today the completion of the previously announced offering of $500 million aggregate principal amount of new 4.375% Senior Secured Notes due 2028 (the New Notes) (the Notes Offering) and the expiration and results of its previously announced cash tender offer (the Tender Offer) to purchase any and all of its outstanding 5.125% Senior Secured Notes due 2022 (the 2022 Notes). QVC is a wholly-owned subsidiary of Qurate Retail, Inc. (Nasdaq: QRTEA and QRTEB). Completion of Notes Offering The New Notes are secured by a first-priority lien on the capital stock of QVC, which also secures QVCs existing secured indebtedness and certain future indebtedness. The net proceeds from the Notes Offering, together with cash on hand, are expected to be used to repurchase any and all of the $500 million outstanding aggregate principal amount of the 2022 Notes in the Tender Offer and the redemption of the 2022 Notes described below. BofA Securities and J.P. Morgan are the lead joint book-running managers for the Notes Offering. QVC issued the New Notes pursuant to its existing effective shelf registration statement previously filed by QVC with the Securities and Exchange Commission (SEC). QVC has filed with the SEC a definitive prospectus supplement and accompanying prospectus describing the terms of the Notes Offering. The definitive prospectus supplement and accompanying prospectus for the Notes Offering may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov or from BofA Securities, NC1-004-03-43; 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, Toll Free: 1 800 294 1322, Email: dg.prospectus_requests@bofa.com and J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 866-803-9204, or by email at prospectus-eq_fi@jpmchase.com. Tender Offer Results and Redemption The Tender Offer expired at 5:00 p.m., New York City time, on August 19, 2020 (the Expiration Time). As of the Expiration Time, an aggregate principal amount of $384,831,000, or approximately 77%, of the 2022 Notes were validly tendered and not validly withdrawn, which amount excludes $4,692,000 aggregate principal amount of the 2022 Notes that remain subject to guaranteed delivery procedures. QVC has accepted for payment all 2022 Notes validly tendered prior to the Expiration Time pursuant to the settlement procedures described in the Offer to Purchase, dated August 12, 2020. QVC also expects to accept for payment all 2022 Notes that remain subject to guaranteed delivery procedures and to make payment for such 2022 Notes on August 24, 2020. QVC also issued today a notice of redemption exercising its right to optionally redeem, on September 19, 2020 (the Redemption Date), any 2022 Notes that remain outstanding following the Tender Offer at a redemption price equal to (i) 100% of the principal amount thereof, plus (ii) accrued and unpaid interest to the Redemption Date, plus (iii) a make-whole premium to be calculated three business days before the Redemption Date in accordance with the terms of the 2022 Notes and the indenture governing the 2022 Notes. Requests for documents relating to the Tender Offer may be directed to D.F. King & Co., Inc., the Information Agent, at (800) 848-3405 (Toll-Free) or (212) 269-5550, by email at QVC@dfking.com, or via the following web address: www.dfking.com/QVC. BofA Securities, Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC acted as Joint Dealer Managers for the Tender Offer. Questions regarding the Tender Offer may be directed to the Joint Dealer Managers at the contact information shown below: BofA Securities Collect: (980) 287-6959 Credit Suisse Securities (USA) LLC Collect: (212) 538-2147 Toll Free: (800) 820-1653 J.P. Morgan Securities LLC Collect: (212) 834-4087 Toll Free: (866) 834-4666 This press release is for informational purposes only and does not constitute a notice of redemption under the optional redemption provisions of the indenture governing the 2022 Notes, nor does it constitute an offer to sell or the solicitation of an offer to buy any security, including the New Notes or the 2022 Notes, nor shall there be any sales of New Notes or 2022 Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful. Forward-Looking Statements This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation, statements about the Notes Offering and the use of proceeds from the Notes Offering, including the repurchase of the 2022 Notes pursuant to the Tender Offer or the redemption of the 2022 Notes. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, general market conditions. These forward-looking statements speak only as of the date of this press release, and QVC expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of QVC, including the most recent Forms 10-K and 10-Q, for additional information about QVC and about the risks and uncertainties related to the business of QVC which may affect the statements made in this press release. Answer:
QVC, Inc. Announces Issuance of $500 Million of New Senior Secured Notes and Results of Its Cash Tender Offer for Its Outstanding 5.125% Senior Secured Notes Due 2022
WEST CHESTER, Pa.--(BUSINESS WIRE)--QVC, Inc. (QVC) announced today the completion of the previously announced offering of $500 million aggregate principal amount of new 4.375% Senior Secured Notes due 2028 (the New Notes) (the Notes Offering) and the expiration and results of its previously announced cash tender offer (the Tender Offer) to purchase any and all of its outstanding 5.125% Senior Secured Notes due 2022 (the 2022 Notes). QVC is a wholly-owned subsidiary of Qurate Retail, Inc. (Nasdaq: QRTEA and QRTEB). Completion of Notes Offering The New Notes are secured by a first-priority lien on the capital stock of QVC, which also secures QVCs existing secured indebtedness and certain future indebtedness. The net proceeds from the Notes Offering, together with cash on hand, are expected to be used to repurchase any and all of the $500 million outstanding aggregate principal amount of the 2022 Notes in the Tender Offer and the redemption of the 2022 Notes described below. BofA Securities and J.P. Morgan are the lead joint book-running managers for the Notes Offering. QVC issued the New Notes pursuant to its existing effective shelf registration statement previously filed by QVC with the Securities and Exchange Commission (SEC). QVC has filed with the SEC a definitive prospectus supplement and accompanying prospectus describing the terms of the Notes Offering. The definitive prospectus supplement and accompanying prospectus for the Notes Offering may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov or from BofA Securities, NC1-004-03-43; 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, Toll Free: 1 800 294 1322, Email: dg.prospectus_requests@bofa.com and J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 866-803-9204, or by email at prospectus-eq_fi@jpmchase.com. Tender Offer Results and Redemption The Tender Offer expired at 5:00 p.m., New York City time, on August 19, 2020 (the Expiration Time). As of the Expiration Time, an aggregate principal amount of $384,831,000, or approximately 77%, of the 2022 Notes were validly tendered and not validly withdrawn, which amount excludes $4,692,000 aggregate principal amount of the 2022 Notes that remain subject to guaranteed delivery procedures. QVC has accepted for payment all 2022 Notes validly tendered prior to the Expiration Time pursuant to the settlement procedures described in the Offer to Purchase, dated August 12, 2020. QVC also expects to accept for payment all 2022 Notes that remain subject to guaranteed delivery procedures and to make payment for such 2022 Notes on August 24, 2020. QVC also issued today a notice of redemption exercising its right to optionally redeem, on September 19, 2020 (the Redemption Date), any 2022 Notes that remain outstanding following the Tender Offer at a redemption price equal to (i) 100% of the principal amount thereof, plus (ii) accrued and unpaid interest to the Redemption Date, plus (iii) a make-whole premium to be calculated three business days before the Redemption Date in accordance with the terms of the 2022 Notes and the indenture governing the 2022 Notes. Requests for documents relating to the Tender Offer may be directed to D.F. King & Co., Inc., the Information Agent, at (800) 848-3405 (Toll-Free) or (212) 269-5550, by email at QVC@dfking.com, or via the following web address: www.dfking.com/QVC. BofA Securities, Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC acted as Joint Dealer Managers for the Tender Offer. Questions regarding the Tender Offer may be directed to the Joint Dealer Managers at the contact information shown below: BofA Securities Collect: (980) 287-6959 Credit Suisse Securities (USA) LLC Collect: (212) 538-2147 Toll Free: (800) 820-1653 J.P. Morgan Securities LLC Collect: (212) 834-4087 Toll Free: (866) 834-4666 This press release is for informational purposes only and does not constitute a notice of redemption under the optional redemption provisions of the indenture governing the 2022 Notes, nor does it constitute an offer to sell or the solicitation of an offer to buy any security, including the New Notes or the 2022 Notes, nor shall there be any sales of New Notes or 2022 Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful. Forward-Looking Statements This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation, statements about the Notes Offering and the use of proceeds from the Notes Offering, including the repurchase of the 2022 Notes pursuant to the Tender Offer or the redemption of the 2022 Notes. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, general market conditions. These forward-looking statements speak only as of the date of this press release, and QVC expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of QVC, including the most recent Forms 10-K and 10-Q, for additional information about QVC and about the risks and uncertainties related to the business of QVC which may affect the statements made in this press release.
edtsum7946
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 26, 2020 /PRNewswire/ -- Known since 2011 as a "Smart Fitness Studio" franchise due to its bio-adaptive, robotic exercise equipment providing a customized, efficient workout, The Exercise Coachis now considered a wise choice regarding the coronavirus. "We are different from big box gyms as our appointment-based fitness studioshave always been small, private and super clean," said Brian Cygan, Exercise Coach founder/CEO. "Additionally, we have adapted our already hygienic studio environment policy to further mitigate contagion." The Exercise Coach is a much safer fitness option. Each location meets or exceeds its local, state and federal COVID-19 safety guidelines. Systemwide: The Exercise Coach is a proud user of E.P.A. registered MicroShield 360 antiviral spray One-on-one private or semi-private sessions with no more than four clients per trainer Workouts are scheduled by appointment only no walk ins Employees undergo temperature checks before beginning shifts and wear masks Clients are required to use hand sanitizer (provided in all fitness studios) before workouts Coaches disinfect all equipment touch points before and after every session Workouts are 20 minutes, minimizing client time outside their homes Outfitted with high-tech computerized machines, The Exercise Coach's personalized programs are optimized for efficiency, resulting in two 20-minute workouts per week that are unmatched in effectiveness with even seven days a week of traditional exercise. The Exercise Coach's technology is combined with the guidance of certified coaches to provide a perfect fit for any fitness level. Sessions blend strength and interval cardio training. The Exercise Coach captures the more reluctant exercise consumer people who are either too busy to spend several hours or days per week at a gym, dislike the gym scene or fear injuring themselves. Rather than competing with gyms to court the most athletic people, The Exercise Coach offers privacy, convenience and guidance to change the quality of life for people who are less familiar with fitness successes. About The Exercise CoachFounded in 2000, The Exercise Coach began franchising in 2011 and has nearly 90 studios nationwide.In addition, The Exercise Coach began its international expansion in Japan in 2017 with 25 locations there today. The goal is to have 250 U.S. units and 100 units open in Japan by the end of 2022. SOURCE The Exercise Coach Related Links www.exercisecoach.com Answer:
High-Tech "Smart Fitness Studio" Is Wise Choice For COVID-19 Era Workouts The Exercise Coach Offers Unmatched Safety Features
CHICAGO, May 26, 2020 /PRNewswire/ -- Known since 2011 as a "Smart Fitness Studio" franchise due to its bio-adaptive, robotic exercise equipment providing a customized, efficient workout, The Exercise Coachis now considered a wise choice regarding the coronavirus. "We are different from big box gyms as our appointment-based fitness studioshave always been small, private and super clean," said Brian Cygan, Exercise Coach founder/CEO. "Additionally, we have adapted our already hygienic studio environment policy to further mitigate contagion." The Exercise Coach is a much safer fitness option. Each location meets or exceeds its local, state and federal COVID-19 safety guidelines. Systemwide: The Exercise Coach is a proud user of E.P.A. registered MicroShield 360 antiviral spray One-on-one private or semi-private sessions with no more than four clients per trainer Workouts are scheduled by appointment only no walk ins Employees undergo temperature checks before beginning shifts and wear masks Clients are required to use hand sanitizer (provided in all fitness studios) before workouts Coaches disinfect all equipment touch points before and after every session Workouts are 20 minutes, minimizing client time outside their homes Outfitted with high-tech computerized machines, The Exercise Coach's personalized programs are optimized for efficiency, resulting in two 20-minute workouts per week that are unmatched in effectiveness with even seven days a week of traditional exercise. The Exercise Coach's technology is combined with the guidance of certified coaches to provide a perfect fit for any fitness level. Sessions blend strength and interval cardio training. The Exercise Coach captures the more reluctant exercise consumer people who are either too busy to spend several hours or days per week at a gym, dislike the gym scene or fear injuring themselves. Rather than competing with gyms to court the most athletic people, The Exercise Coach offers privacy, convenience and guidance to change the quality of life for people who are less familiar with fitness successes. About The Exercise CoachFounded in 2000, The Exercise Coach began franchising in 2011 and has nearly 90 studios nationwide.In addition, The Exercise Coach began its international expansion in Japan in 2017 with 25 locations there today. The goal is to have 250 U.S. units and 100 units open in Japan by the end of 2022. SOURCE The Exercise Coach Related Links www.exercisecoach.com
edtsum7947
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: TSX andOTCQX: MPVD TORONTO and NEW YORK, Feb. 26, 2021 /PRNewswire/ -Mountain Province Diamonds Inc. ("Mountain Province", or the "Company") (TSX: MPVD)and (OTCQX: MPVD) reports that the ramp-up to resume operations at the Gahcho Ku Mine has begun. The mine suspended production related activities on February 6 after experiencing several cases of COVID-19. The ramp-up follows an essential services team crew change on February 23, which included bringing in two industrial hygienists to review and oversee work protocols and further deep cleaning. Essential services include maintaining power, water treatment, clearing roads, time critical maintenance work, water management, and receiving incoming winter road fuel and cargo shipments. The next step is to bring in the production crew later this week and to begin the build up to production over the weekend. Stuart Brown, the Company's President and CEO, commented: "The return of our employees to site is a positive step for Gahcho Ku as we continue our safe ramp-up to steady-state operations. I'd like to thank all employees for their tireless efforts during these challenging times. As always, the decisions we make will prioritize the health and safety of our workforce, and the communities we interact with. Plans to mitigate the loss of production are being assessed and will continue to be reviewed over the coming weeks. It is important to keep our focus on maintaining a safe and secure site while balancing the need to make up for lost production as we navigate our way through the pandemic." Additional details will be provided via news release as they become available. Qualified Persons The disclosure in this news release of scientific and technical information regarding Mountain Province's mineral properties has been reviewed and approved by Matthew MacPhail, P.Eng., MBA, and Tom E. McCandless, Ph.D., P.Geo., both Qualified Persons as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, and employees of Mountain Province Diamonds. About the Company Mountain Province Diamonds Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Ku diamond mine located in Canada's Northwest Territories. The Gahcho Ku Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company also controls 106,202 hectares of highly prospective mineral claims and leases that surround the Gahcho Ku Joint Venture property that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites. Caution Regarding Forward Looking InformationThis news release contains certain "forward-looking statements" and "forward-looking information" under applicable Canadian and United States securities laws concerning the business, operations and financial performance and condition of Mountain Province Diamonds Inc. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to operational hazards, including possible disruption due to pandemic such as Covid-19, its impact on travel, self-isolation protocols and business and operations, estimated production and mine life of the project of Mountain Province; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; the future price of diamonds; the estimation of mineral reserves and resources; the ability to manage debt; capital expenditures; the ability to obtain permits for operations; liquidity; tax rates; and currency exchange rate fluctuations. Except for statements of historical fact relating to Mountain Province, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "anticipates," "may," "can," "plans," "believes," "estimates," "expects," "projects," "targets," "intends," "likely," "will," "should," "to be", "potential" and other similar words, or statements that certain events or conditions "may", "should" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Many of these assumptions are based on factors and events that are not within the control of Mountain Province and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements include the development of operation hazards which could arise in relation to Covid-19, including, but not limited to protocols which may be adopted to control the spread of Covid-19 and any impact of such protocols on Mountain Province's business and operations, variations in ore grade or recovery rates, changes in market conditions, changes in project parameters, mine sequencing; production rates; cash flow; risks relating to the availability and timeliness of permitting and governmental approvals; supply of, and demand for, diamonds; fluctuating commodity prices and currency exchange rates, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, failure of plant, equipment or processes to operate as anticipated. These factors are discussed in greater detail in Mountain Province's most recent Annual Information Form and in the most recent MD&A filed on SEDAR, which also provide additional general assumptions in connection with these statements. Mountain Province cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. Mountain Province believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. Although Mountain Province has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Mountain Province undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward-looking statements to the extent they involve estimates of the mineralization that will be encountered as the property is developed. Further, Mountain Province may make changes to its business plans that could affect its results. The principal assets of Mountain Province are administered pursuant to a joint venture under which Mountain Province is not the operator. Mountain Province is exposed to actions taken or omissions made by the operator within its prerogative and/or determinations made by the joint venture under its terms. Such actions or omissions may impact the future performance of Mountain Province. Under its current note and revolving credit facilities Mountain Province is subject to certain limitations on its ability to pay dividends on common stock. The declaration of dividends is at the discretion of Mountain Province's Board of Directors, subject to the limitations under the Company's debt facilities, and will depend on Mountain Province's financial results, cash requirements, future prospects, and other factors deemed relevant by the Board. SOURCE Mountain Province Diamonds Inc. Related Links http://www.mountainprovince.com Answer:
Mountain Province Diamonds Announces Plan for Restart of Operations at Gahcho Ku Mine
TSX andOTCQX: MPVD TORONTO and NEW YORK, Feb. 26, 2021 /PRNewswire/ -Mountain Province Diamonds Inc. ("Mountain Province", or the "Company") (TSX: MPVD)and (OTCQX: MPVD) reports that the ramp-up to resume operations at the Gahcho Ku Mine has begun. The mine suspended production related activities on February 6 after experiencing several cases of COVID-19. The ramp-up follows an essential services team crew change on February 23, which included bringing in two industrial hygienists to review and oversee work protocols and further deep cleaning. Essential services include maintaining power, water treatment, clearing roads, time critical maintenance work, water management, and receiving incoming winter road fuel and cargo shipments. The next step is to bring in the production crew later this week and to begin the build up to production over the weekend. Stuart Brown, the Company's President and CEO, commented: "The return of our employees to site is a positive step for Gahcho Ku as we continue our safe ramp-up to steady-state operations. I'd like to thank all employees for their tireless efforts during these challenging times. As always, the decisions we make will prioritize the health and safety of our workforce, and the communities we interact with. Plans to mitigate the loss of production are being assessed and will continue to be reviewed over the coming weeks. It is important to keep our focus on maintaining a safe and secure site while balancing the need to make up for lost production as we navigate our way through the pandemic." Additional details will be provided via news release as they become available. Qualified Persons The disclosure in this news release of scientific and technical information regarding Mountain Province's mineral properties has been reviewed and approved by Matthew MacPhail, P.Eng., MBA, and Tom E. McCandless, Ph.D., P.Geo., both Qualified Persons as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, and employees of Mountain Province Diamonds. About the Company Mountain Province Diamonds Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Ku diamond mine located in Canada's Northwest Territories. The Gahcho Ku Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company also controls 106,202 hectares of highly prospective mineral claims and leases that surround the Gahcho Ku Joint Venture property that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites. Caution Regarding Forward Looking InformationThis news release contains certain "forward-looking statements" and "forward-looking information" under applicable Canadian and United States securities laws concerning the business, operations and financial performance and condition of Mountain Province Diamonds Inc. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to operational hazards, including possible disruption due to pandemic such as Covid-19, its impact on travel, self-isolation protocols and business and operations, estimated production and mine life of the project of Mountain Province; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; the future price of diamonds; the estimation of mineral reserves and resources; the ability to manage debt; capital expenditures; the ability to obtain permits for operations; liquidity; tax rates; and currency exchange rate fluctuations. Except for statements of historical fact relating to Mountain Province, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "anticipates," "may," "can," "plans," "believes," "estimates," "expects," "projects," "targets," "intends," "likely," "will," "should," "to be", "potential" and other similar words, or statements that certain events or conditions "may", "should" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Many of these assumptions are based on factors and events that are not within the control of Mountain Province and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements include the development of operation hazards which could arise in relation to Covid-19, including, but not limited to protocols which may be adopted to control the spread of Covid-19 and any impact of such protocols on Mountain Province's business and operations, variations in ore grade or recovery rates, changes in market conditions, changes in project parameters, mine sequencing; production rates; cash flow; risks relating to the availability and timeliness of permitting and governmental approvals; supply of, and demand for, diamonds; fluctuating commodity prices and currency exchange rates, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, failure of plant, equipment or processes to operate as anticipated. These factors are discussed in greater detail in Mountain Province's most recent Annual Information Form and in the most recent MD&A filed on SEDAR, which also provide additional general assumptions in connection with these statements. Mountain Province cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. Mountain Province believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. Although Mountain Province has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Mountain Province undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward-looking statements to the extent they involve estimates of the mineralization that will be encountered as the property is developed. Further, Mountain Province may make changes to its business plans that could affect its results. The principal assets of Mountain Province are administered pursuant to a joint venture under which Mountain Province is not the operator. Mountain Province is exposed to actions taken or omissions made by the operator within its prerogative and/or determinations made by the joint venture under its terms. Such actions or omissions may impact the future performance of Mountain Province. Under its current note and revolving credit facilities Mountain Province is subject to certain limitations on its ability to pay dividends on common stock. The declaration of dividends is at the discretion of Mountain Province's Board of Directors, subject to the limitations under the Company's debt facilities, and will depend on Mountain Province's financial results, cash requirements, future prospects, and other factors deemed relevant by the Board. SOURCE Mountain Province Diamonds Inc. Related Links http://www.mountainprovince.com
edtsum7948
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: 2021224 // -- 2021 DIVERSITY in Ed 2 1 DIVERSITY in Ed Trina Edwards 5,000 Edwards 179 (Duval County Public Schools)(Clark County Public Schools)(Fairfax County Public Schools)(Gwinnett County Public Schools)2021 4 14 7 20 Edwards LaMeika Robinson DIVERSITY in Ed DIVERSITY in Ed 7 Edwards DIVERSITY in Ed https://www.diversityined.com DIVERSITY in Ed https://diversityined.careerfairexpo.com/ Trina Edwards 281-265-2473 [emailprotected] - https://mma.prnewswire.com/media/1143119/DIVERSITYinEd_Logo.jpg DIVERSITY in Ed Related Links https://www.diversityined.com/blog/home/ SOURCE DIVERSITY in Ed Answer:
DIVERSITY in Ed 2021 5,000 USA - English USA - espaol
2021224 // -- 2021 DIVERSITY in Ed 2 1 DIVERSITY in Ed Trina Edwards 5,000 Edwards 179 (Duval County Public Schools)(Clark County Public Schools)(Fairfax County Public Schools)(Gwinnett County Public Schools)2021 4 14 7 20 Edwards LaMeika Robinson DIVERSITY in Ed DIVERSITY in Ed 7 Edwards DIVERSITY in Ed https://www.diversityined.com DIVERSITY in Ed https://diversityined.careerfairexpo.com/ Trina Edwards 281-265-2473 [emailprotected] - https://mma.prnewswire.com/media/1143119/DIVERSITYinEd_Logo.jpg DIVERSITY in Ed Related Links https://www.diversityined.com/blog/home/ SOURCE DIVERSITY in Ed
edtsum7949
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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, Jan. 29, 2021 /PRNewswire/ -- BBVA USA Bancshares, Inc., a Sunbelt-based bank holding company (BBVA USA), reported today net income of $334 million for the fourth quarter of 2020 compared to net income of $166 million in the third quarter of 2020 and a net loss of $331 million in the fourth quarter of 2019. Included in the fourth quarter of 2019 was a non-cash, goodwill impairment charge of $470 million. Excluding the impact of this non-cash charge, adjusted net income1 for the fourth quarter of 2019 was $139 million. Return on average assets and return on average tangible equity1 for the fourth quarter of 2020 were 1.27 percent and 14.38 percent, respectively. For the full-year of 2020, the company reported a net loss of $1.9 billion. Included in the first quarter of 2020 was a non-cash, goodwill impairment charge of $2.2 billion that reflected the drastic change in macroeconomic conditions and forecasts brought about by the COVID-19 pandemic and subsequent decline in interest rates and oil prices. Excluding the impact of this non-cash charge and a $470 million goodwill impairment charge in the fourth quarter of 2019, adjusted net income1 for the full-year of 2020 was $323 million compared to adjusted net income1 of $623 million for the full-year of 2019. "While we continue to navigate the challenges amid the pandemic, our results for the fourth quarter are a testament to the strength and resiliency of the team we have at BBVA USA and their focus on serving our customers and the communities where we live and work," said Javier Rodrguez Soler, president and CEO of BBVA USA. "Momentum continued in the quarter highlighted by strong revenue growth and well-contained expenses which allowed us to deliver record operating income. At the same time, we continue to maintain strong liquidity and capital positions. We enter the new year focused on continuing to meet the challenges ahead, and subject to regulatory approval and closing, successfully integrating our operations with PNC and the opportunities that this combination will bring to our customers, our communities and to our employees." Total revenue for the fourth quarter of 2020 was $969 million, up 18 percent (annualized) from third quarter 2020 levels and up 8 percent from fourth quarter 2019 levels. Net interest income in the quarter totaled $667 million, up 16 percent (annualized) from the $642 million recorded in the third quarter of 2020, and up 7 percent from the $623 million recorded in the fourth quarter of 2019. The percent net interest margin for the fourth quarter of 2020 was 2.78 percent compared to 2.68 percent in the third quarter of 2020 and 2.96 percent in the fourth quarter of 2019. Noninterest income for the fourth quarter of 2020 totaled $301 million, up 24 percent (annualized) from the $285 million reported in the third quarter of 2020, and up 11 percent from the $273 million reported in the fourth quarter of 2019. The increase in noninterest income on a linked quarter basis was driven by an increase in corporate and correspondent investment sales (+$13 million), mortgage banking (+$6 million), service charges on deposit accounts (+$5 million) and money transfer income (+$2 million). Following two consecutive strong quarters, investment banking and advisory fees slowed on a linked quarter basis (-$14 million) but showed solid growth (+$11 million) compared to fourth quarter 2019 levels. For the full-year of 2020, noninterest income (excluding securities gains) totaled $1.2 billion, up 6 percent compared to full-year 2019 results. No gains or losses were recorded on the sale of investment securities in the fourth quarter of 2020, in the third quarter of 2020 and in the fourth quarter of 2019. For the full-year of 2020, investment securities gains totaled $23 million compared to $30 million for the full-year of 2019. Total noninterest expense for the fourth quarter of 2020 was $578 million, down 12 percent (annualized) from the $596 million reported in the third quarter of 2020 and down 6 percent compared to adjusted noninterest expense (excluding goodwill impairment) for the fourth quarter of 2019. On a linked quarter basis, the decline in noninterest expense was due to a decrease in other noninterest expense (-$27 million) offset, in part, by increases in salaries, benefits and commissions (+$4 million) and professional services (+$3 million). The decrease in other noninterest expense was primarily driven by a decline in provision for unfunded commitments. The increase in revenue coupled with the decline in noninterest expense resulted in positive operating leverage both on a linked quarter basis and compared to the year ago quarter. Operating income1 for the fourth quarter of 2020 was a record $391 million compared to $331 million in the third quarter of 2020 and $279 million in the fourth quarter of 2019. The efficiency ratio1 for the fourth quarter of 2020 was 58.98 percent compared to 63.55 percent for the third quarter of 2020 and 67.92 percent for the fourth quarter of 2019. Total loans at the end of the fourth quarter of 2020 were $65.8 billion, down 4 percent (annualized) from $66.4 billion at the end of the third quarter of 2020 and up 3 percent from the $64.1 billion at the end of the fourth quarter of 2019. Commercial loans associated with the energy sector were $2.4 billion compared to $2.5 billion at the end of the third quarter of 2020 and $2.9 billion at the fourth quarter of 2019. During the quarter, newly funded loans totaled $4.4 billion bringing the total to more than $20.2 billion for the full year of 2020, a 21 percent increase compared to the full-year of 2019. Included in 2020 results is approximately $3.3 billion of newly funded loans under the Payroll Protection Program. Total deposits at the end of the fourth quarter of 2020 were $85.9 billion, down 2 percent (annualized) from the third quarter of 2020 and up $10.9 billion or 15 percent compared to the fourth quarter of 2019. Noninterest bearing demand deposits totaled $27.8 billion, up 15 percent (annualized) on a linked quarter basis and up $5.9 billion or 27 percent compared to the fourth quarter of 2019. Interest bearing transaction accounts (checking, savings and money market accounts) totaled $53.4 billion at the end of the fourth quarter of 2020, relatively unchanged on a linked quarter basis and up $12.3 billion or 30 percent compared to the fourth quarter a year ago. The loan to deposit ratio at the end of the fourth quarter of 2020 was 76.6 percent compared to 76.9 percent at the end of the third quarter of 2020 and 85.4 percent at the end of the fourth quarter of 2019. The LCR ratio was unchanged from third quarter 2020 levels at 144 percent and consistent with the 145 percent reported at the end of fourth quarter of 2019. During the fourth quarter of 2020, the company recorded provision recapture of credit losses totaling $81 million compared to provision for credit losses of $151 million in the third quarter of 2020 and $120 million in the fourth quarter of 2019. The recapture of provision expense primarily reflected improvements in macroeconomic factors and forecasts. Net charge-offs as a percentage of average total loans were 34 basis points in the quarter compared to 59 basis points in the third quarter of 2020 and 87 basis points in the fourth quarter of 2019. The allowance for loans losses as a percentage of total loans at the end of the 2020 was 2.56 percent compared to 2.73 percent at the end of the third quarter of 2020 and 1.44 percent at the end of the prior year. Nonperforming loans as a percentage of total loans ended the fourth quarter at 2.21 percent, up from the 2.00 percent at the end of the third quarter of 2020 and 1.06 percent at the end of the fourth quarter of 2019. The increase in nonperforming loans on a linked quarter basis was primarily attributable to an increase in nonaccrual loans associated with commercial real estate mortgage (+$166 million), residential real estate mortgage (+$31 million) and real estate construction (+$13 million), offset in part by a decrease in nonaccrual loans associated with the commercial loan portfolio (-$120 million). Also contributing to the rise in nonperforming loans was an increase in loans 90 days or more past due which totaled $122 million at the end of the fourth quarter of 2020 compared to $94 million at the end of the third quarter of 2020. The coverage ratio of nonperforming loans ended the quarter at 116 percent compared to 136 percent at the end of the third quarter of 2020 and 136 percent at the end of the fourth quarter of 2019. Total shareholder's equity at the end of the fourth quarter of 2020 totaled $11.7 billion compared to $11.4 billion at the end of the third quarter of 2020 and $13.4 billion at the end of the fourth quarter of 2019. Total tangible shareholder's equity1 totaled $9.3 billion at the end of the fourth quarter of 2020 compared to $9.0 billion at the end of the third quarter of 2020 and $8.8 billion at the end of the fourth quarter of 2019. The CET12 ratio ended the quarter at 13.28 percent compared to 12.79 percent at the end of the third quarter of 2020 and 12.49 percent at the end of the fourth quarter of 2019. All of BBVA USA's regulatory capital ratios2 continue to exceed the requirements under "well-capitalized" guidelines. On November 16, 2020, BBVA announced that it had signed a definitive agreement to sell BBVA USA Bancshares, Inc., including its U.S. banking subsidiary, BBVA USA, to PNC Financial Services Group, Inc. Pending regulatory and other customary approvals, the transaction is expected to close in mid-2021. 1Operating income, adjusted net income, efficiency ratio and tangible shareholder's equity are Non-GAAP financial measures we believe aid in understanding certain areas of our performance. The calculation of these measures is included on the page titled Non-GAAP Reconciliation. 2Regulatory capital ratios at December 31, 2020, are estimated. For more BBVA news visit, www.bbva.comand the U.S. Newsroom. Additional news updates can be found via Twitterand Instagram. For more financial information about BBVA in the U.S., visit bbvausa.investorroom.com. About BBVA BBVA Group BBVA (NYSE: BBVA) is a customer-centric global financial services group founded in 1857. The Group has a strong leadership position in the Spanish market and is the largest financial institution in Mexico. It has leading franchises in South America and the Sunbelt Region of the United States. It is also the leading shareholder in Turkey's BBVA Garanti. BBVA's purpose is to bring the age of opportunities to everyone, based on our customers' real needs: provide the best solutions, helping them make the best financial decisions, through an easy and convenient experience. The institution rests in solid values: Customer comes first, we think big and we are one team. BBVA's responsible banking model aspires to achieve a more inclusive and sustainable society. On February 28, 2020, BBVA filed its annual report on Form 20-F for the year ended December 31, 2019, with the U.S. Securities and Exchange Commission. A copy can be accessed on the BBVA website at https://shareholdersandinvestors.bbva.com/the-share/adrs-english/. Holders of BBVA's American Depositary Receipts (ADRs) may request a hard copy of the Form 20-F for the year ended December 31, 2019, including complete audited financial statements, free of charge. To request a copy, contact Ed Bilek at [emailprotected]. BBVA USA In the U.S., BBVA is a Sunbelt-based financial institution that operates 637 branches, including 328 inTexas, 88 inAlabama, 63 inArizona, 61 inCalifornia, 43 inFlorida, 37 inColoradoand 17 inNew Mexico. The bank ranks among the top 25 largest U.S. commercial banks based on deposit market share and ranks among the largest banks inAlabama(2nd),Texas(4th) andArizona(6th). In the U.S., BBVA has been recognized as one of the leading small business lenders by the Small Business Administration (SBA) and ranked 14th nationally in terms of dollar volume of SBA loans originated in fiscal year 2019. Forward-Looking Statements Certain statements in this press release may contain forward-looking statements about BBVA USA Bancshares, Inc. (the "Company") and its industry that involve substantial risks and uncertainties. The use of "we," "our" and similar terms refer to the Company. Statements other than statements of current or historical fact, including statements regarding our future financial condition, results of operations, business plans, liquidity, cash flows, projected costs, and the impact of any laws or regulations applicable to the Company, constitute forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Words such as "anticipates," "believes," "estimates," "expects," "forecasts," "intends," "plans," "projects," "may," "will," "should," and other similar expressions are intended to identify these forward-looking statements. These forward-looking statements reflect the Company's views regarding future events and financial performance. Such statements are subject to risks, uncertainties, assumptions and other important factors, many of which may be beyond the Company's control, that could cause actual results to differ materially from anticipated results. If the Company's assumptions and estimates are incorrect, or if the Company becomes subject to significant limitations as the result of litigation or regulatory action, then the Company's actual results could vary materially from those expressed or implied in these forward-looking statements. The forward-looking statements are and will be based on the Company's then current views and assumptions regarding future events and speak only as of their dates made. The Company assumes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by securities law or regulation. For further information regarding risks and uncertainties associated with the Company's business, please refer to the "Risk Factors" section of the Company's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the "SEC") on February 28, 2020, as updated by our subsequent SEC filings. BBVA USA BANCSHARES, INC. (Unaudited) (Dollars in thousands) Three Months Ended December 31, % Years Ended December 31, % 2020 2019 Change 2020 2019 Change EARNINGS SUMMARY Net interest income $ 667,202 $ 623,154 7 $ 2,510,524 $ 2,607,033 (4) Noninterest income [a] 301,416 272,584 11 1,170,056 1,105,983 6 Total revenue [a] 968,618 895,738 8 3,680,580 3,713,016 (1) Investment securities gain, net 22,616 29,961 (25) Provision for credit losses (81,298) 119,505 (168) 966,129 597,444 62 Goodwill impairment 470,000 NM 2,185,000 470,000 365 Noninterest expense 577,580 616,906 (6) 2,376,718 2,396,080 (1) Pretax (loss) income 472,336 (310,673) NM (1,824,651) 279,453 (753) Income tax (benefit) expense 138,519 20,032 591 37,013 126,046 (71) Net (loss) income $ 333,817 $ (330,705) NM $ (1,861,664) $ 153,407 (1,314) Adjusted net (loss) income [b] $ 333,817 $ 139,295 140 $ 323,336 $ 623,407 (48) SELECTED RATIOS Return on average assets 1.27 % (1.37)% (1.83)% 0.16 % Return on average assets- adjusted [b] 1.27 0.58 0.32 0.66 Return on average tangible equity [b] 14.38 (14.46) (20.44) 1.73 Return on average tangible equity- adjusted [b] 14.38 6.09 3.55 7.03 Efficiency ratio [b] 58.98 67.92 63.80 63.64 Average common equity to average assets 10.81 14.44 11.51 14.46 Average loans to average total deposits 77.07 86.29 81.34 88.04 Common equity tier I capital (CET1) [c] 13.28 12.49 13.28 12.49 Tier I capital ratio [c] 13.61 12.83 13.61 12.83 Total capital ratio [c] 15.78 14.98 15.78 14.98 Leverage ratio [c] 9.07 9.70 9.07 9.70 Average for Three Months Average for Year Ending Balance Ended December 31, % Ended December 31, % December 31, % 2020 2019 Change 2020 2019 Change 2020 2019 Change BALANCE SHEET HIGHLIGHTS Total loans $ 66,212,070 $ 63,956,453 4 $ 67,045,078 $ 64,275,473 4 $ 65,796,353 $ 64,058,915 3 Total debt securities 15,639,628 13,792,727 13 14,519,143 13,725,672 6 16,297,042 14,032,351 16 Earning assets 97,057,560 85,135,405 14 93,694,488 83,839,035 12 96,139,619 84,712,261 13 Total assets 104,835,589 95,754,954 9 102,008,134 94,293,422 8 102,756,203 93,603,347 10 Noninterest bearing demand deposits 27,425,253 21,288,781 29 24,506,957 20,631,434 19 27,791,421 21,850,216 27 Interest bearing transaction accounts 53,074,596 39,773,454 33 49,723,165 37,595,208 32 53,381,931 41,081,638 30 Total transaction accounts 80,499,849 61,062,235 32 74,230,122 58,226,642 27 81,173,352 62,931,854 29 Total deposits 85,906,838 74,122,266 16 82,426,860 73,007,106 13 85,858,381 74,985,283 15 Total shareholder's equity 11,595,287 14,090,315 (18) 12,003,167 13,894,163 (14) 11,691,362 13,386,589 (13) Total shareholder's equity - tangible [b] 9,236,590 9,073,380 2 $ 9,105,998 $ 8,867,440 3 9,332,389 8,831,259 6 [a] Excludes net gain on sales of investment securities. [b] Non-GAAP financial measure that we believe aids in understanding certain areas of our performance. The calculation of this measure is included on the page titled Non-GAAP Reconciliation. [c] Current period regulatory capital ratios are estimated. NM = Not meaningful BBVA USA BANCSHARES, INC. (Unaudited) (Dollars in Thousands) 2020 2019 December 31 September 30 June 30 March 31 December 31 NONPERFORMING ASSETS Nonaccrual loans [a] $ 1,331,230 $ 1,233,040 $ 764,744 $ 676,716 $ 606,843 Loans 90 days or more past due [b] 121,570 94,072 66,163 61,774 71,126 TDRs 90 days or more past due 556 830 423 335 414 Total nonperforming loans [a] 1,453,356 1,327,942 831,330 738,825 678,383 Foreclosed real estate 11,448 15,051 14,871 20,642 20,833 Other repossessed assets 5,846 8,527 8,599 13,338 10,930 Total nonperforming assets $ 1,470,650 $ 1,351,520 $ 854,800 $ 772,805 $ 710,146 TDRs accruing and past due less than 90 days $ 114,334 $ 114,583 $ 95,788 $ 97,404 $ 97,901 Total nonperforming loans as a % of loans 2.21 % 2.00 % 1.21 % 1.09 % 1.06 % Total nonperforming assets as a % of total loans, foreclosed real estate, and other repossessed assets 2.23 2.03 1.25 1.14 1.11 Three Months Ended 2020 2019 December 31 September 30 June 30 March 31 December 31 ALLOWANCE FOR LOAN LOSSES Balance at beginning of period $ 1,804,423 $ 1,754,352 $1,351,072 $ 920,993 $ 942,191 Adoption of ASC 326 - - - 184,931 - Net charge-offs (NCO) 56,578 100,818 123,054 111,798 140,703 Provision for loan losses (68,371) 150,889 526,334 356,946 119,505 Balance at end of period $ 1,679,474 $ 1,804,423 $1,754,352 $1,351,072 $ 920,993 Allowance for loan losses as a % of total loans 2.56 % 2.73 % 2.57 % 2.00 % 1.44 % Allowance for loan losses as a % of nonperforming loans [c] 115.56 135.88 211.03 182.87 135.76 Allowance for loan losses as a % of nonperforming assets [c] 114.20 133.51 205.24 174.83 129.69 Annualized as a % of average loans: NCO - QTD 0.34 0.59 0.72 0.69 0.87 NCO - YTD 0.59 0.67 0.71 0.69 0.88 [a] Includes loans held for sale. [b] Excludes loans classified as troubled debt restructuring (TDRs). [c] Includes loans held for sale that are on nonaccrual status. BBVA USA BANCSHARES, INC. (Unaudited) (Dollars in Thousands) Three Months Ended December 31, 2020 2019 AverageBalance Income/Expense Yield/Rate AverageBalance Income/Expense Yield/Rate YIELD/RATE ANALYSIS (Taxable Equivalent Basis) Assets Earning assets: Loans $ 66,212,070 $ 636,738 3.83 % $ 63,956,453 $ 749,428 4.65 % Debt securities available for sale [a] 5,533,487 22,089 1.59 7,223,333 33,333 1.83 Debt securities held to maturity 9,988,959 61,570 2.45 6,576,786 44,207 2.67 Other earning assets [b] 15,205,862 7,873 0.21 7,386,225 41,241 2.22 Total earning assets [a] 96,940,378 728,270 2.99 85,142,797 868,209 4.05 Allowance for credit losses (1,776,160) (944,773) Unrealized gain (loss) on debt securities available for sale 117,182 (7,392) Other assets 9,554,189 11,564,322 Total assets $ 104,835,589 $ 95,754,954 Liabilities and Shareholder's Equity Interest bearing liabilities: Interest bearing demand deposits $ 14,540,342 6,812 0.19 $ 9,329,342 23,648 1.01 Savings and money market accounts 38,534,254 13,526 0.14 30,444,112 93,114 1.21 Certificates and other time deposits 5,406,989 13,607 1.00 13,060,031 72,583 2.20 Total interest bearing deposits 58,481,585 33,945 0.23 52,833,485 189,345 1.42 FHLB and other borrowings 3,552,199 14,092 1.58 3,701,993 31,263 3.35 Federal funds purchased and securities sold under agreement to repurchase [b] 864,177 2,350 1.08 1,137,573 11,850 4.13 Other short-term borrowings 10,113 85 3.34 11,189 199 7.06 Total interest bearing liabilities 62,908,074 50,472 0.32 57,684,240 232,657 1.60 Noninterest bearing deposits 27,425,253 21,288,781 Other noninterest bearing liabilities 2,906,975 2,691,618 Total liabilities 93,240,302 81,664,639 Shareholder's equity 11,595,287 14,090,315 Total liabilities and shareholder's equity $ 104,835,589 $ 95,754,954 Net interest income/ net interest spread 677,798 2.67 % 635,552 2.45 % Net yield on earning assets 2.78 % 2.96 % Total taxable equivalent adjustment 10,596 12,398 Net interest income $ 667,202 $ 623,154 [a] Excludes adjustment for market valuation. [b] Yield/rate reflects impact of balance sheet offsetting. BBVA USA BANCSHARES, INC. (Unaudited) (Dollars in Thousands) Years Ended December 31, 2020 2019 AverageBalance Income/Expense Yield/Rate AverageBalance Income/Expense Yield/Rate YIELD/RATE ANALYSIS (Taxable Equivalent Basis) Assets Earning assets: Loans $ 67,045,078 $ 2,698,114 4.02 % $ 64,275,473 $ 3,144,471 4.89 % Debt securities available for sale [a] 5,825,301 58,876 1.01 8,520,287 168,031 1.97 Debt securities held to maturity 8,593,882 195,032 2.27 5,281,585 149,505 2.83 Other earning assets [b] 12,130,267 73,671 0.61 5,837,890 148,187 2.54 Total earning assets [a] 93,594,528 3,025,693 3.23 83,915,235 3,610,194 4.30 Allowance for credit losses (1,497,922) (950,306) Unrealized gain (loss) on debt securities available for sale 99,960 (76,200) Other assets 9,811,568 11,404,693 Total assets $ 102,008,134 $ 94,293,422 Liabilities and Shareholder's Equity Interest bearing liabilities: Interest bearing demand deposits $ 13,649,238 54,570 0.40 $ 9,048,948 95,709 1.06 Savings and money market accounts 36,073,927 168,737 0.47 28,546,260 354,286 1.24 Certificates and other time deposits 8,196,738 133,806 1.63 14,780,464 328,161 2.22 Total interest bearing deposits 57,919,903 357,113 0.62 52,375,672 778,156 1.49 FHLB and other borrowings 3,605,422 71,848 1.99 3,968,094 136,164 3.43 Federal funds purchased and securities sold under agreement to repurchase [b] 1,249,629 41,018 3.28 857,922 36,736 4.28 Other short-term borrowings 12,158 525 4.32 14,963 567 3.79 Total interest bearing liabilities 62,787,112 470,504 0.75 57,216,651 951,623 1.66 Noninterest bearing deposits 24,506,957 20,631,434 Other noninterest bearing liabilities 2,710,898 2,551,174 Total liabilities 90,004,967 80,399,259 Shareholder's equity 12,003,167 13,894,163 Total liabilities and shareholder's equity $ 102,008,134 $ 94,293,422 Net interest income/ net interest spread 2,555,189 2.48 % 2,658,571 2.64 % Net yield on earning assets 2.73 % 3.17 % Total taxable equivalent adjustment 44,665 51,538 Net interest income $ 2,510,524 $ 2,607,033 [a] Excludes adjustment for market valuation. [b] Yield/rate reflects impact of balance sheet offsetting. BBVA USA BANCSHARES, INC. (Unaudited) (Dollars in Thousands) Year Ended Three Months Ended December 31, % 2020 2019 2020 2019 Change December 31 September 30 June 30 March 31 December 31 NONINTEREST INCOME Service charges on deposit accounts $ 219,783 $ 250,367 (12) $ 59,309 $ 54,710 $ 44,233 $ 61,531 $ 64,585 Card and merchant processing fees 192,096 197,547 (3) 49,961 48,628 43,416 50,091 50,805 Investment services sales fees 112,243 115,446 (3) 26,647 26,218 24,971 34,407 28,130 Investment banking and advisory fees 138,096 83,659 65 26,291 40,013 45,061 26,731 15,720 Money transfer income 106,564 99,144 7 29,446 27,109 25,461 24,548 25,871 Asset management fees 48,101 45,571 6 12,613 12,024 11,560 11,904 11,532 Corporate and correspondent investment sales 49,318 38,561 28 16,268 3,478 18,855 10,717 14,263 Mortgage banking 74,813 28,059 167 19,753 13,741 23,868 17,451 9,048 Bank owned life insurance 20,149 17,479 15 5,458 4,972 5,094 4,625 4,584 Other 208,893 230,150 (9) 55,670 53,767 26,358 73,098 48,046 1,170,056 1,105,983 6 301,416 284,660 268,877 315,103 272,584 Investment securities gains, net 22,616 29,961 (25) 3,477 19,139 Total noninterest income $ 1,192,672 $ 1,135,944 5 $ 301,416 $ 284,660 $ 272,354 $ 334,242 $ 272,584 NONINTEREST EXPENSE Salaries, benefits and commissions $ 1,159,561 $ 1,181,934 (2) $ 301,020 $ 296,708 $ 251,697 $ 310,136 $ 297,823 Professional services 306,873 292,926 5 80,535 78,018 78,100 70,220 82,343 Equipment 267,547 256,766 4 69,321 68,793 64,752 64,681 64,826 Net occupancy 163,125 166,600 (2) 40,552 41,145 41,585 39,843 43,302 Money transfer expense 74,755 68,224 10 20,764 18,897 17,958 17,136 17,951 Marketing 40,130 55,164 (27) 10,170 9,283 8,778 11,899 12,888 Communications 21,759 21,782 5,038 5,542 5,808 5,371 5,179 Other 342,968 352,684 (3) 50,180 77,242 110,772 104,774 92,594 2,376,718 2,396,080 (1) 577,580 595,628 579,450 624,060 616,906 Goodwill impairment 2,185,000 470,000 365 - - - 2,185,000 470,000 Total noninterest expense $4,561,718 $2,866,080 59 $ 577,580 $ 595,628 $579,450 $2,809,060 $ 1,086,906 BBVA USA BANCSHARES, INC. (Unaudited) (Dollars in Thousands) Year Ended Three Months Ended December 31, 2020 2019 2020 2019 December 31 September 30 June 30 March 31 December 31 NON-GAAP RECONCILIATION Computation of Operating Income: Net interest income (GAAP) $ 2,510,524 $ 2,607,033 $ 667,202 $ 641,850 $ 612,017 $ 589,455 $ 623,154 Plus: noninterest income (GAAP) 1,192,672 1,135,944 301,416 284,660 272,354 334,242 272,584 Less: noninterest expense (GAAP) 4,561,718 2,866,080 577,580 595,628 579,450 2,809,060 1,086,906 Plus: goodwill impairment (GAAP) 2,185,000 470,000 2,185,000 470,000 Operating income (non-GAAP) $ 1,326,478 $ 1,346,897 $ 391,038 $ 330,882 $ 304,921 $ 299,637 $ 278,832 Computation of Tangible Shareholder's Equity: Total shareholder's equity $ 11,691,362 $ 13,386,589 $ 11,691,362 $ 11,394,964 $ 11,270,789 $ 11,358,354 $ 13,386,589 Less: goodwill and other intangibles (GAAP) 2,358,973 4,555,330 2,358,973 2,357,039 2,357,343 2,359,540 4,555,330 Tangible shareholder's equity (non-GAAP) $ 9,332,389 $ 8,831,259 $ 9,332,389 $ 9,037,925 $ 8,913,446 $ 8,998,814 $ 8,831,259 Computation of Average Tangible Equity: Total stockholder's equity (average) (GAAP) $ 12,003,167 $ 13,894,163 $ 11,595,287 $ 11,394,928 $ 11,533,007 $ 13,500,615 $ 14,090,315 Less: goodwill and other intangibles (average) (GAAP) 2,897,169 5,026,723 2,358,697 2,357,944 2,357,132 4,526,744 5,016,935 Average tangible equity (non-GAAP) [B] $ 9,105,998 $ 8,867,440 $ 9,236,590 $ 9,036,984 $ 9,175,875 $ 8,973,871 $ 9,073,380 Net income (loss) (GAAP) [A] $ (1,861,664) $ 153,407 $ 333,817 $ 166,241 $ (124,437) $ (2,237,285) $ (330,705) Return on average tangible equity (non-GAAP) ([A]/[B], annualized) (20.44)% 1.73 % 14.38 % 7.32 % (5.45)% (100.27)% (14.46)% Computation of Adjusted Net Income, Return on Average Assets and Return on Average Tangible Equity: Net income (loss) (GAAP) $ (1,861,664) $ 153,407 $ 333,817 $ 166,241 $ (124,437) $ (2,237,285) $ (330,705) Plus: goodwill impairment (GAAP) 2,185,000 470,000 2,185,000 470,000 Adjusted net income (non-GAAP) [C] $ 323,336 $ 623,407 $ 333,817 $ 166,241 $ (124,437) $ (52,285) $ 139,295 Average assets (GAAP) [D] $ 102,008,134 $ 94,293,422 $ 104,835,589 $ 104,282,898 $ 104,204,062 $ 96,356,113 $ 95,754,954 Return on average assets - adjusted (non-GAAP) ([C]/[D], annualized) 0.32 % 0.66 % 1.27 % 0.63 % (0.48)% (0.22)% 0.58 % Return on average tangible equity - adjusted (non-GAAP) ([C]/[B], annualized) 3.55 7.03 14.38 7.32 (5.45) (2.34) 6.09 Computation of Efficiency Ratio: Noninterest expense (GAAP) $ 4,561,718 $ 2,866,080 $ 577,580 $ 595,628 $ 579,450 $ 2,809,060 $ 1,086,906 Less: securities and goodwill impairment (GAAP) 2,185,000 470,215 2,185,000 470,102 Total expense (GAAP) [E] $ 2,376,718 $ 2,395,865 $ 577,580 $ 595,628 $ 579,450 $ 624,060 $ 616,804 Net interest income, taxable equivalent basis 2,555,189 2,658,571 $ 677,798 $ 652,660 $ 623,242 601,489 635,552 Plus: noninterest income (GAAP) 1,192,672 1,135,944 301,416 284,660 272,354 334,242 272,584 Less: investment securities gains, net (GAAP) 22,616 29,961 3,477 19,139 Total revenue [F] $ 3,725,245 $ 3,764,554 $ 979,214 $ 937,320 $ 892,119 $ 916,592 $ 908,136 Efficiency ratio (non-GAAP) ([E]/[F]) 63.80 % 63.64 % 58.98 % 63.55 % 64.95 % 68.08 % 67.92 % BBVA USA BANCSHARES, INC. SUPPLEMENTAL LOAN PORTFOLIO INFORMATION (Unaudited) (Dollars in Thousands) At or Quarter Ended December 31, 2020 30-59 Days PastDue 60-89 Days PastDue 90 Days or More PastDue Nonaccrual AccruingTDRs Not Past Due orImpaired Total Net Charge Offs(Recoveries) Commercial, financial and agricultural $ 15,862 $ 22,569 $ 35,472 $ 540,741 $ 17,686 $ 25,972,812 $ 26,605,142 $ 5,019 Real estate construction 3,595 174 532 25,316 145 2,468,569 2,498,331 (2) Commercial real estate mortgage 2,113 2,004 1,104 442,137 910 13,117,046 13,565,314 203 Residential real estate mortgage 49,445 20,694 45,761 235,463 53,380 12,923,031 13,327,774 1,029 Equity lines of credit 11,108 4,305 2,624 42,606 - 2,334,251 2,394,894 (795) Equity loans 1,417 243 317 10,167 19,606 148,012 179,762 135 Credit card 12,147 10,191 21,953 - - 837,411 881,702 14,714 Consumer direct 24,076 17,550 8,741 10,087 23,163 1,846,106 1,929,723 28,206 Consumer indirect 47,174 14,951 5,066 24,713 - 4,085,221 4,177,125 8,069 Total loans $ 166,937 $ 92,681 $ 121,570 $ 1,331,230 $ 114,890 $ 63,732,459 $ 65,559,767 $ 56,578 Loans held for sale $ - $ - $ - $ - $ - $ 236,586 $ 236,586 $ - At or Quarter Ended September 30, 2020 30-59 Days PastDue 60-89 Days PastDue 90 Days or More PastDue Nonaccrual AccruingTDRs Not Past Due orImpaired Total Net Charge Offs(Recoveries) Commercial, financial and agricultural $ 22,632 $ 12,890 $ 21,261 $ 660,254 $ 19,713 $ 26,203,423 $ 26,940,173 $ 50,789 Real estate construction 2,861 303 532 12,614 61 2,387,303 2,403,674 153 Commercial real estate mortgage 19,280 3,968 1,816 275,668 1,831 13,393,237 13,695,800 98 Residential real estate mortgage 88,035 49,344 39,728 204,442 55,132 13,027,076 13,463,757 (117) Equity lines of credit 13,418 6,300 3,445 37,216 - 2,381,344 2,441,723 233 Equity loans 1,847 1,158 271 8,758 20,750 161,583 194,367 (195) Credit card 9,776 7,526 16,542 - - 873,949 907,793 18,527 Consumer direct 25,762 11,730 6,643 9,134 17,926 1,952,501 2,023,696 24,559 Consumer indirect 34,116 9,744 3,834 24,954 - 4,036,981 4,109,629 6,771 Total loans $ 217,727 $ 102,963 $ 94,072 $ 1,233,040 $ 115,413 $ 64,417,397 $ 66,180,612 $ 100,818 Loans held for sale $ - $ - $ - $ - $ - $ 253,454 $ 253,454 $ - At or Quarter Ended June 30, 2020 30-59 Days PastDue 60-89 Days PastDue 90 Days or More PastDue Nonaccrual AccruingTDRs Not Past Due orImpaired Total Net Charge Offs(Recoveries) Commercial, financial and agricultural $ 51,207 $ 5,130 $ 8,450 $ 389,615 $ 1,866 $ 28,325,856 $ 28,782,124 $ 29,038 Real estate construction 12,907 - 532 13,317 64 2,271,650 2,298,470 (36) Commercial real estate mortgage 8,592 2,190 415 117,213 1,876 13,670,383 13,800,669 8,670 Residential real estate mortgage 70,252 22,495 13,140 169,387 54,289 13,099,576 13,429,139 182 Equity lines of credit 8,461 8,162 3,555 34,915 - 2,461,741 2,516,834 (476) Equity loans 1,311 692 148 8,457 21,280 178,092 209,980 (120) Credit card 6,668 7,286 22,134 - - 929,484 965,572 20,107 Consumer direct 19,927 10,923 11,623 7,624 16,836 2,067,175 2,134,108 42,271 Consumer indirect 32,519 11,162 6,166 24,216 - 4,030,541 4,104,604 23,418 Total loans $ 211,844 $ 68,040 $ 66,163 $ 764,744 $ 96,211 $ 67,034,498 $ 68,241,500 $ 123,054 Loans held for sale $ - $ - $ - $ - $ - $ 245,851 $ 245,851 $ - At or Quarter Ended March 31, 2020 30-59 Days PastDue 60-89 Days PastDue 90 Days or More PastDue Nonaccrual AccruingTDRs Not Past Due orImpaired Total Net Charge Offs(Recoveries) Commercial, financial and agricultural $ 31,493 $ 7,588 $ 3,013 $ 323,881 $ 1,931 $ 27,464,207 $ 27,832,113 $ 19,014 Real estate construction 9,356 66 574 13,676 69 2,147,973 2,171,714 (13) Commercial real estate mortgage 13,439 5,241 912 114,839 3,333 13,715,641 13,853,405 (73) Residential real estate mortgage 67,938 25,187 5,744 147,058 55,116 13,144,975 13,446,018 (172) Equity lines of credit 16,382 6,244 3,295 33,354 - 2,552,075 2,611,350 536 Equity loans 2,636 1,147 293 8,027 22,392 194,874 229,369 212 Credit card 13,230 8,932 23,707 - - 977,503 1,023,372 19,517 Consumer direct 34,553 19,738 15,196 7,160 14,898 2,184,500 2,276,045 51,726 Consumer indirect 76,547 24,249 9,040 28,721 - 3,957,471 4,096,028 21,051 Total loans $ 265,574 $ 98,392 $ 61,774 $ 676,716 $ 97,739 $ 66,339,219 $ 67,539,414 $ 111,798 Loans held for sale $ - $ - $ - $ - $ - $ 117,752 $ 117,752 $ - At or Quarter Ended December 31, 2019 30-59 Days PastDue 60-89 Days PastDue 90 Days or More PastDue Nonaccrual AccruingTDRs Not Past Due orImpaired Total Net Charge Offs(Recoveries) Commercial, financial and agricultural $ 29,273 $ 16,462 $ 6,692 $ 268,288 $ 1,456 $ 24,110,067 $ 24,432,238 $ 37,788 Real estate construction 7,603 2 571 8,041 72 2,012,393 2,028,682 (126) Commercial real estate mortgage 5,325 5,458 6,576 98,077 3,414 13,742,628 13,861,478 (285) Residential real estate mortgage 72,571 21,909 4,641 147,337 57,165 13,230,331 13,533,954 107 Equity lines of credit 15,766 6,581 1,567 38,113 - 2,530,653 2,592,680 857 Equity loans 2,856 1,028 195 8,651 23,770 208,468 244,968 137 Credit card 11,275 9,214 22,796 - - 959,080 1,002,365 16,760 Consumer direct 33,658 20,703 18,358 6,555 12,438 2,246,430 2,338,142 58,190 Consumer indirect 83,966 28,430 9,730 31,781 - 3,758,443 3,912,350 27,275 Total loans $ 262,293 $ 109,787 $ 71,126 $ 606,843 $ 98,315 $ 62,798,493 $ 63,946,857 $ 140,703 Loans held for sale $ - $ - $ - $ - $ - $ 112,058 $ 112,058 $ - BBVA USA BANCSHARES, INC. BALANCE SHEET (Unaudited) (Dollars in Thousands) 2020 2019 December 31 September 30 June 30 March 31 December 31 Assets: Cash and due from banks $ 1,249,954 $ 1,035,307 $ 1,019,127 $ 1,033,733 $ 1,149,734 Federal funds sold, securities purchased under agreements to resell and interest bearing deposits 13,357,954 14,041,538 11,738,063 4,479,535 5,788,964 Cash and cash equivalents 14,607,908 15,076,845 12,757,190 5,513,268 6,938,698 Trading account assets 762,449 926,497 1,016,966 1,009,130 473,976 Debt securities available for sale 5,744,919 6,028,072 5,765,192 6,344,816 7,235,305 Debt securities held to maturity, net 10,549,945 9,428,931 8,693,437 7,876,266 6,797,046 Loans held for sale 236,586 253,454 245,851 117,752 112,058 Loans 65,559,767 66,180,612 68,241,500 67,539,414 63,946,857 Allowance for loan losses (1,679,474) (1,804,423) (1,754,352) (1,351,072) (920,993) Net loans 63,880,293 64,376,189 66,487,148 66,188,342 63,025,864 Premises and equipment, net 1,055,525 1,063,923 1,070,358 1,068,741 1,087,698 Bank owned life insurance 757,943 758,391 754,908 754,409 750,224 Goodwill 2,328,296 2,328,296 2,328,296 2,328,296 4,513,296 Other assets 2,832,339 3,412,324 3,148,270 3,124,539 2,669,182 Total assets $ 102,756,203 $ 103,652,922 $ 102,267,616 $ 94,325,559 $ 93,603,347 Liabilities: Deposits: Noninterest bearing $ 27,791,421 $ 26,803,670 $ 25,978,354 $ 20,418,504 $ 21,850,216 Interest bearing 58,066,960 59,567,362 59,448,060 56,816,003 53,135,067 Total deposits 85,858,381 86,371,032 85,426,414 77,234,507 74,985,283 FHLB and other borrowings 3,548,492 3,560,973 3,571,933 3,790,137 3,690,044 Federal funds purchased and securities sold under agreements to repurchase 184,478 189,474 249,481 409,784 173,028 Other short-term borrowings 1,619 Accrued expenses and other liabilities 1,473,490 2,136,479 1,747,380 1,532,777 1,368,403 Total liabilities 91,064,841 92,257,958 90,996,827 82,967,205 80,216,758 Shareholder's Equity: Preferred stock 229,475 229,475 229,475 229,475 229,475 Common stock $0.01 par value 2,230 2,230 2,230 2,230 2,230 Surplus 14,032,205 14,032,321 14,035,607 14,039,572 14,043,727 Retained deficit (2,931,151) (3,264,295) (3,430,135) (3,305,226) (917,227) Accumulated other comprehensive income (loss) 329,105 365,374 404,165 362,339 (1,072) Total BBVA USA Bancshares, Inc. shareholder's equity 11,661,864 11,365,105 11,241,342 11,328,390 13,357,133 Noncontrolling interests 29,498 29,859 29,447 29,964 29,456 Total shareholder's equity 11,691,362 11,394,964 11,270,789 11,358,354 13,386,589 Total liabilities and shareholder's equity $ 102,756,203 $ 103,652,922 $ 102,267,616 $ 94,325,559 $ 93,603,347 BBVA USA BANCSHARES, INC. INCOME STATEMENT (Unaudited) (Dollars in Thousands) Three Months Ended 2020 2019 December 31 September 30 June 30 March 31 December 31 Interest income: Interest and fees on loans $ 626,900 $ 644,643 $ 669,767 $ 715,476 $ 738,140 Interest on debt securities available for sale 22,089 19,474 18,805 (1,492) 33,333 Interest on debt securities held to maturity 60,812 49,981 39,800 41,102 43,097 Interest on trading account assets 793 892 1,157 1,122 1,326 Interest and dividends on other earning assets 7,080 6,436 14,016 42,175 39,915 Total interest income 717,674 721,426 743,545 798,383 855,811 Interest expense: Interest on deposits 33,945 61,147 97,279 164,742 189,345 Interest on FHLB and other borrowings 14,092 14,644 21,936 21,176 31,263 Interest on federal funds purchased and securities sold under agreements to repurchase 2,350 3,736 12,274 22,658 11,850 Interest on other short-term borrowings 85 49 39 352 199 Total interest expense 50,472 79,576 131,528 208,928 232,657 Net interest income 667,202 641,850 612,017 589,455 623,154 Provision for credit losses (81,298) 150,977 539,459 356,991 119,505 Net interest income after provision for credit losses 748,500 490,873 72,558 232,464 503,649 Noninterest income: Service charges on deposit accounts 59,309 54,710 44,233 61,531 64,585 Card and merchant processing fees 49,961 48,628 43,416 50,091 50,805 Investment services sales fees 26,647 26,218 24,971 34,407 28,130 Investment banking and advisory fees 26,291 40,013 45,061 26,731 15,720 Money transfer income 29,446 27,109 25,461 24,548 25,871 Asset management fees 12,613 12,024 11,560 11,904 11,532 Corporate and correspondent investment sales 16,268 3,478 18,855 10,717 14,263 Mortgage banking 19,753 13,741 23,868 17,451 9,048 Bank owned life insurance 5,458 4,972 5,094 4,625 4,584 Investment securities gains, net 3,477 19,139 Other 55,670 53,767 26,358 73,098 48,046 Total noninterest income 301,416 284,660 272,354 334,242 272,584 Noninterest expense: Salaries, benefits and commissions 301,020 296,708 251,697 310,136 297,823 Professional services 80,535 78,018 78,100 70,220 82,343 Equipment 69,321 68,793 64,752 64,681 64,826 Net occupancy 40,552 41,145 41,585 39,843 43,302 Money transfer expense 20,764 18,897 17,958 17,136 17,951 Marketing 10,170 9,283 8,778 11,899 12,888 Communications 5,038 5,542 5,808 5,371 5,179 Goodwill impairment 2,185,000 470,000 Other 50,180 77,242 110,772 104,774 92,594 Total noninterest expense 577,580 595,628 579,450 2,809,060 1,086,906 Net (loss) income before income tax expense 472,336 179,905 (234,538) (2,242,354) (310,673) Income tax (benefit) expense 138,519 13,664 (110,101) (5,069) 20,032 Net (loss) income 333,817 166,241 (124,437) (2,237,285) (330,705) Less: net income attributable to noncontrolling interests 673 401 472 501 663 Net (loss) income attributable to BBVA USA Bancshares, Inc. $ 333,144 $ 165,840 $(124,909) $(2,237,786) $ (331,368) SOURCE BBVA USA Related Links www.bbva.com Answer:
BBVA USA reports fourth quarter 2020 results
HOUSTON, Jan. 29, 2021 /PRNewswire/ -- BBVA USA Bancshares, Inc., a Sunbelt-based bank holding company (BBVA USA), reported today net income of $334 million for the fourth quarter of 2020 compared to net income of $166 million in the third quarter of 2020 and a net loss of $331 million in the fourth quarter of 2019. Included in the fourth quarter of 2019 was a non-cash, goodwill impairment charge of $470 million. Excluding the impact of this non-cash charge, adjusted net income1 for the fourth quarter of 2019 was $139 million. Return on average assets and return on average tangible equity1 for the fourth quarter of 2020 were 1.27 percent and 14.38 percent, respectively. For the full-year of 2020, the company reported a net loss of $1.9 billion. Included in the first quarter of 2020 was a non-cash, goodwill impairment charge of $2.2 billion that reflected the drastic change in macroeconomic conditions and forecasts brought about by the COVID-19 pandemic and subsequent decline in interest rates and oil prices. Excluding the impact of this non-cash charge and a $470 million goodwill impairment charge in the fourth quarter of 2019, adjusted net income1 for the full-year of 2020 was $323 million compared to adjusted net income1 of $623 million for the full-year of 2019. "While we continue to navigate the challenges amid the pandemic, our results for the fourth quarter are a testament to the strength and resiliency of the team we have at BBVA USA and their focus on serving our customers and the communities where we live and work," said Javier Rodrguez Soler, president and CEO of BBVA USA. "Momentum continued in the quarter highlighted by strong revenue growth and well-contained expenses which allowed us to deliver record operating income. At the same time, we continue to maintain strong liquidity and capital positions. We enter the new year focused on continuing to meet the challenges ahead, and subject to regulatory approval and closing, successfully integrating our operations with PNC and the opportunities that this combination will bring to our customers, our communities and to our employees." Total revenue for the fourth quarter of 2020 was $969 million, up 18 percent (annualized) from third quarter 2020 levels and up 8 percent from fourth quarter 2019 levels. Net interest income in the quarter totaled $667 million, up 16 percent (annualized) from the $642 million recorded in the third quarter of 2020, and up 7 percent from the $623 million recorded in the fourth quarter of 2019. The percent net interest margin for the fourth quarter of 2020 was 2.78 percent compared to 2.68 percent in the third quarter of 2020 and 2.96 percent in the fourth quarter of 2019. Noninterest income for the fourth quarter of 2020 totaled $301 million, up 24 percent (annualized) from the $285 million reported in the third quarter of 2020, and up 11 percent from the $273 million reported in the fourth quarter of 2019. The increase in noninterest income on a linked quarter basis was driven by an increase in corporate and correspondent investment sales (+$13 million), mortgage banking (+$6 million), service charges on deposit accounts (+$5 million) and money transfer income (+$2 million). Following two consecutive strong quarters, investment banking and advisory fees slowed on a linked quarter basis (-$14 million) but showed solid growth (+$11 million) compared to fourth quarter 2019 levels. For the full-year of 2020, noninterest income (excluding securities gains) totaled $1.2 billion, up 6 percent compared to full-year 2019 results. No gains or losses were recorded on the sale of investment securities in the fourth quarter of 2020, in the third quarter of 2020 and in the fourth quarter of 2019. For the full-year of 2020, investment securities gains totaled $23 million compared to $30 million for the full-year of 2019. Total noninterest expense for the fourth quarter of 2020 was $578 million, down 12 percent (annualized) from the $596 million reported in the third quarter of 2020 and down 6 percent compared to adjusted noninterest expense (excluding goodwill impairment) for the fourth quarter of 2019. On a linked quarter basis, the decline in noninterest expense was due to a decrease in other noninterest expense (-$27 million) offset, in part, by increases in salaries, benefits and commissions (+$4 million) and professional services (+$3 million). The decrease in other noninterest expense was primarily driven by a decline in provision for unfunded commitments. The increase in revenue coupled with the decline in noninterest expense resulted in positive operating leverage both on a linked quarter basis and compared to the year ago quarter. Operating income1 for the fourth quarter of 2020 was a record $391 million compared to $331 million in the third quarter of 2020 and $279 million in the fourth quarter of 2019. The efficiency ratio1 for the fourth quarter of 2020 was 58.98 percent compared to 63.55 percent for the third quarter of 2020 and 67.92 percent for the fourth quarter of 2019. Total loans at the end of the fourth quarter of 2020 were $65.8 billion, down 4 percent (annualized) from $66.4 billion at the end of the third quarter of 2020 and up 3 percent from the $64.1 billion at the end of the fourth quarter of 2019. Commercial loans associated with the energy sector were $2.4 billion compared to $2.5 billion at the end of the third quarter of 2020 and $2.9 billion at the fourth quarter of 2019. During the quarter, newly funded loans totaled $4.4 billion bringing the total to more than $20.2 billion for the full year of 2020, a 21 percent increase compared to the full-year of 2019. Included in 2020 results is approximately $3.3 billion of newly funded loans under the Payroll Protection Program. Total deposits at the end of the fourth quarter of 2020 were $85.9 billion, down 2 percent (annualized) from the third quarter of 2020 and up $10.9 billion or 15 percent compared to the fourth quarter of 2019. Noninterest bearing demand deposits totaled $27.8 billion, up 15 percent (annualized) on a linked quarter basis and up $5.9 billion or 27 percent compared to the fourth quarter of 2019. Interest bearing transaction accounts (checking, savings and money market accounts) totaled $53.4 billion at the end of the fourth quarter of 2020, relatively unchanged on a linked quarter basis and up $12.3 billion or 30 percent compared to the fourth quarter a year ago. The loan to deposit ratio at the end of the fourth quarter of 2020 was 76.6 percent compared to 76.9 percent at the end of the third quarter of 2020 and 85.4 percent at the end of the fourth quarter of 2019. The LCR ratio was unchanged from third quarter 2020 levels at 144 percent and consistent with the 145 percent reported at the end of fourth quarter of 2019. During the fourth quarter of 2020, the company recorded provision recapture of credit losses totaling $81 million compared to provision for credit losses of $151 million in the third quarter of 2020 and $120 million in the fourth quarter of 2019. The recapture of provision expense primarily reflected improvements in macroeconomic factors and forecasts. Net charge-offs as a percentage of average total loans were 34 basis points in the quarter compared to 59 basis points in the third quarter of 2020 and 87 basis points in the fourth quarter of 2019. The allowance for loans losses as a percentage of total loans at the end of the 2020 was 2.56 percent compared to 2.73 percent at the end of the third quarter of 2020 and 1.44 percent at the end of the prior year. Nonperforming loans as a percentage of total loans ended the fourth quarter at 2.21 percent, up from the 2.00 percent at the end of the third quarter of 2020 and 1.06 percent at the end of the fourth quarter of 2019. The increase in nonperforming loans on a linked quarter basis was primarily attributable to an increase in nonaccrual loans associated with commercial real estate mortgage (+$166 million), residential real estate mortgage (+$31 million) and real estate construction (+$13 million), offset in part by a decrease in nonaccrual loans associated with the commercial loan portfolio (-$120 million). Also contributing to the rise in nonperforming loans was an increase in loans 90 days or more past due which totaled $122 million at the end of the fourth quarter of 2020 compared to $94 million at the end of the third quarter of 2020. The coverage ratio of nonperforming loans ended the quarter at 116 percent compared to 136 percent at the end of the third quarter of 2020 and 136 percent at the end of the fourth quarter of 2019. Total shareholder's equity at the end of the fourth quarter of 2020 totaled $11.7 billion compared to $11.4 billion at the end of the third quarter of 2020 and $13.4 billion at the end of the fourth quarter of 2019. Total tangible shareholder's equity1 totaled $9.3 billion at the end of the fourth quarter of 2020 compared to $9.0 billion at the end of the third quarter of 2020 and $8.8 billion at the end of the fourth quarter of 2019. The CET12 ratio ended the quarter at 13.28 percent compared to 12.79 percent at the end of the third quarter of 2020 and 12.49 percent at the end of the fourth quarter of 2019. All of BBVA USA's regulatory capital ratios2 continue to exceed the requirements under "well-capitalized" guidelines. On November 16, 2020, BBVA announced that it had signed a definitive agreement to sell BBVA USA Bancshares, Inc., including its U.S. banking subsidiary, BBVA USA, to PNC Financial Services Group, Inc. Pending regulatory and other customary approvals, the transaction is expected to close in mid-2021. 1Operating income, adjusted net income, efficiency ratio and tangible shareholder's equity are Non-GAAP financial measures we believe aid in understanding certain areas of our performance. The calculation of these measures is included on the page titled Non-GAAP Reconciliation. 2Regulatory capital ratios at December 31, 2020, are estimated. For more BBVA news visit, www.bbva.comand the U.S. Newsroom. Additional news updates can be found via Twitterand Instagram. For more financial information about BBVA in the U.S., visit bbvausa.investorroom.com. About BBVA BBVA Group BBVA (NYSE: BBVA) is a customer-centric global financial services group founded in 1857. The Group has a strong leadership position in the Spanish market and is the largest financial institution in Mexico. It has leading franchises in South America and the Sunbelt Region of the United States. It is also the leading shareholder in Turkey's BBVA Garanti. BBVA's purpose is to bring the age of opportunities to everyone, based on our customers' real needs: provide the best solutions, helping them make the best financial decisions, through an easy and convenient experience. The institution rests in solid values: Customer comes first, we think big and we are one team. BBVA's responsible banking model aspires to achieve a more inclusive and sustainable society. On February 28, 2020, BBVA filed its annual report on Form 20-F for the year ended December 31, 2019, with the U.S. Securities and Exchange Commission. A copy can be accessed on the BBVA website at https://shareholdersandinvestors.bbva.com/the-share/adrs-english/. Holders of BBVA's American Depositary Receipts (ADRs) may request a hard copy of the Form 20-F for the year ended December 31, 2019, including complete audited financial statements, free of charge. To request a copy, contact Ed Bilek at [emailprotected]. BBVA USA In the U.S., BBVA is a Sunbelt-based financial institution that operates 637 branches, including 328 inTexas, 88 inAlabama, 63 inArizona, 61 inCalifornia, 43 inFlorida, 37 inColoradoand 17 inNew Mexico. The bank ranks among the top 25 largest U.S. commercial banks based on deposit market share and ranks among the largest banks inAlabama(2nd),Texas(4th) andArizona(6th). In the U.S., BBVA has been recognized as one of the leading small business lenders by the Small Business Administration (SBA) and ranked 14th nationally in terms of dollar volume of SBA loans originated in fiscal year 2019. Forward-Looking Statements Certain statements in this press release may contain forward-looking statements about BBVA USA Bancshares, Inc. (the "Company") and its industry that involve substantial risks and uncertainties. The use of "we," "our" and similar terms refer to the Company. Statements other than statements of current or historical fact, including statements regarding our future financial condition, results of operations, business plans, liquidity, cash flows, projected costs, and the impact of any laws or regulations applicable to the Company, constitute forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Words such as "anticipates," "believes," "estimates," "expects," "forecasts," "intends," "plans," "projects," "may," "will," "should," and other similar expressions are intended to identify these forward-looking statements. These forward-looking statements reflect the Company's views regarding future events and financial performance. Such statements are subject to risks, uncertainties, assumptions and other important factors, many of which may be beyond the Company's control, that could cause actual results to differ materially from anticipated results. If the Company's assumptions and estimates are incorrect, or if the Company becomes subject to significant limitations as the result of litigation or regulatory action, then the Company's actual results could vary materially from those expressed or implied in these forward-looking statements. The forward-looking statements are and will be based on the Company's then current views and assumptions regarding future events and speak only as of their dates made. The Company assumes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by securities law or regulation. For further information regarding risks and uncertainties associated with the Company's business, please refer to the "Risk Factors" section of the Company's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the "SEC") on February 28, 2020, as updated by our subsequent SEC filings. BBVA USA BANCSHARES, INC. (Unaudited) (Dollars in thousands) Three Months Ended December 31, % Years Ended December 31, % 2020 2019 Change 2020 2019 Change EARNINGS SUMMARY Net interest income $ 667,202 $ 623,154 7 $ 2,510,524 $ 2,607,033 (4) Noninterest income [a] 301,416 272,584 11 1,170,056 1,105,983 6 Total revenue [a] 968,618 895,738 8 3,680,580 3,713,016 (1) Investment securities gain, net 22,616 29,961 (25) Provision for credit losses (81,298) 119,505 (168) 966,129 597,444 62 Goodwill impairment 470,000 NM 2,185,000 470,000 365 Noninterest expense 577,580 616,906 (6) 2,376,718 2,396,080 (1) Pretax (loss) income 472,336 (310,673) NM (1,824,651) 279,453 (753) Income tax (benefit) expense 138,519 20,032 591 37,013 126,046 (71) Net (loss) income $ 333,817 $ (330,705) NM $ (1,861,664) $ 153,407 (1,314) Adjusted net (loss) income [b] $ 333,817 $ 139,295 140 $ 323,336 $ 623,407 (48) SELECTED RATIOS Return on average assets 1.27 % (1.37)% (1.83)% 0.16 % Return on average assets- adjusted [b] 1.27 0.58 0.32 0.66 Return on average tangible equity [b] 14.38 (14.46) (20.44) 1.73 Return on average tangible equity- adjusted [b] 14.38 6.09 3.55 7.03 Efficiency ratio [b] 58.98 67.92 63.80 63.64 Average common equity to average assets 10.81 14.44 11.51 14.46 Average loans to average total deposits 77.07 86.29 81.34 88.04 Common equity tier I capital (CET1) [c] 13.28 12.49 13.28 12.49 Tier I capital ratio [c] 13.61 12.83 13.61 12.83 Total capital ratio [c] 15.78 14.98 15.78 14.98 Leverage ratio [c] 9.07 9.70 9.07 9.70 Average for Three Months Average for Year Ending Balance Ended December 31, % Ended December 31, % December 31, % 2020 2019 Change 2020 2019 Change 2020 2019 Change BALANCE SHEET HIGHLIGHTS Total loans $ 66,212,070 $ 63,956,453 4 $ 67,045,078 $ 64,275,473 4 $ 65,796,353 $ 64,058,915 3 Total debt securities 15,639,628 13,792,727 13 14,519,143 13,725,672 6 16,297,042 14,032,351 16 Earning assets 97,057,560 85,135,405 14 93,694,488 83,839,035 12 96,139,619 84,712,261 13 Total assets 104,835,589 95,754,954 9 102,008,134 94,293,422 8 102,756,203 93,603,347 10 Noninterest bearing demand deposits 27,425,253 21,288,781 29 24,506,957 20,631,434 19 27,791,421 21,850,216 27 Interest bearing transaction accounts 53,074,596 39,773,454 33 49,723,165 37,595,208 32 53,381,931 41,081,638 30 Total transaction accounts 80,499,849 61,062,235 32 74,230,122 58,226,642 27 81,173,352 62,931,854 29 Total deposits 85,906,838 74,122,266 16 82,426,860 73,007,106 13 85,858,381 74,985,283 15 Total shareholder's equity 11,595,287 14,090,315 (18) 12,003,167 13,894,163 (14) 11,691,362 13,386,589 (13) Total shareholder's equity - tangible [b] 9,236,590 9,073,380 2 $ 9,105,998 $ 8,867,440 3 9,332,389 8,831,259 6 [a] Excludes net gain on sales of investment securities. [b] Non-GAAP financial measure that we believe aids in understanding certain areas of our performance. The calculation of this measure is included on the page titled Non-GAAP Reconciliation. [c] Current period regulatory capital ratios are estimated. NM = Not meaningful BBVA USA BANCSHARES, INC. (Unaudited) (Dollars in Thousands) 2020 2019 December 31 September 30 June 30 March 31 December 31 NONPERFORMING ASSETS Nonaccrual loans [a] $ 1,331,230 $ 1,233,040 $ 764,744 $ 676,716 $ 606,843 Loans 90 days or more past due [b] 121,570 94,072 66,163 61,774 71,126 TDRs 90 days or more past due 556 830 423 335 414 Total nonperforming loans [a] 1,453,356 1,327,942 831,330 738,825 678,383 Foreclosed real estate 11,448 15,051 14,871 20,642 20,833 Other repossessed assets 5,846 8,527 8,599 13,338 10,930 Total nonperforming assets $ 1,470,650 $ 1,351,520 $ 854,800 $ 772,805 $ 710,146 TDRs accruing and past due less than 90 days $ 114,334 $ 114,583 $ 95,788 $ 97,404 $ 97,901 Total nonperforming loans as a % of loans 2.21 % 2.00 % 1.21 % 1.09 % 1.06 % Total nonperforming assets as a % of total loans, foreclosed real estate, and other repossessed assets 2.23 2.03 1.25 1.14 1.11 Three Months Ended 2020 2019 December 31 September 30 June 30 March 31 December 31 ALLOWANCE FOR LOAN LOSSES Balance at beginning of period $ 1,804,423 $ 1,754,352 $1,351,072 $ 920,993 $ 942,191 Adoption of ASC 326 - - - 184,931 - Net charge-offs (NCO) 56,578 100,818 123,054 111,798 140,703 Provision for loan losses (68,371) 150,889 526,334 356,946 119,505 Balance at end of period $ 1,679,474 $ 1,804,423 $1,754,352 $1,351,072 $ 920,993 Allowance for loan losses as a % of total loans 2.56 % 2.73 % 2.57 % 2.00 % 1.44 % Allowance for loan losses as a % of nonperforming loans [c] 115.56 135.88 211.03 182.87 135.76 Allowance for loan losses as a % of nonperforming assets [c] 114.20 133.51 205.24 174.83 129.69 Annualized as a % of average loans: NCO - QTD 0.34 0.59 0.72 0.69 0.87 NCO - YTD 0.59 0.67 0.71 0.69 0.88 [a] Includes loans held for sale. [b] Excludes loans classified as troubled debt restructuring (TDRs). [c] Includes loans held for sale that are on nonaccrual status. BBVA USA BANCSHARES, INC. (Unaudited) (Dollars in Thousands) Three Months Ended December 31, 2020 2019 AverageBalance Income/Expense Yield/Rate AverageBalance Income/Expense Yield/Rate YIELD/RATE ANALYSIS (Taxable Equivalent Basis) Assets Earning assets: Loans $ 66,212,070 $ 636,738 3.83 % $ 63,956,453 $ 749,428 4.65 % Debt securities available for sale [a] 5,533,487 22,089 1.59 7,223,333 33,333 1.83 Debt securities held to maturity 9,988,959 61,570 2.45 6,576,786 44,207 2.67 Other earning assets [b] 15,205,862 7,873 0.21 7,386,225 41,241 2.22 Total earning assets [a] 96,940,378 728,270 2.99 85,142,797 868,209 4.05 Allowance for credit losses (1,776,160) (944,773) Unrealized gain (loss) on debt securities available for sale 117,182 (7,392) Other assets 9,554,189 11,564,322 Total assets $ 104,835,589 $ 95,754,954 Liabilities and Shareholder's Equity Interest bearing liabilities: Interest bearing demand deposits $ 14,540,342 6,812 0.19 $ 9,329,342 23,648 1.01 Savings and money market accounts 38,534,254 13,526 0.14 30,444,112 93,114 1.21 Certificates and other time deposits 5,406,989 13,607 1.00 13,060,031 72,583 2.20 Total interest bearing deposits 58,481,585 33,945 0.23 52,833,485 189,345 1.42 FHLB and other borrowings 3,552,199 14,092 1.58 3,701,993 31,263 3.35 Federal funds purchased and securities sold under agreement to repurchase [b] 864,177 2,350 1.08 1,137,573 11,850 4.13 Other short-term borrowings 10,113 85 3.34 11,189 199 7.06 Total interest bearing liabilities 62,908,074 50,472 0.32 57,684,240 232,657 1.60 Noninterest bearing deposits 27,425,253 21,288,781 Other noninterest bearing liabilities 2,906,975 2,691,618 Total liabilities 93,240,302 81,664,639 Shareholder's equity 11,595,287 14,090,315 Total liabilities and shareholder's equity $ 104,835,589 $ 95,754,954 Net interest income/ net interest spread 677,798 2.67 % 635,552 2.45 % Net yield on earning assets 2.78 % 2.96 % Total taxable equivalent adjustment 10,596 12,398 Net interest income $ 667,202 $ 623,154 [a] Excludes adjustment for market valuation. [b] Yield/rate reflects impact of balance sheet offsetting. BBVA USA BANCSHARES, INC. (Unaudited) (Dollars in Thousands) Years Ended December 31, 2020 2019 AverageBalance Income/Expense Yield/Rate AverageBalance Income/Expense Yield/Rate YIELD/RATE ANALYSIS (Taxable Equivalent Basis) Assets Earning assets: Loans $ 67,045,078 $ 2,698,114 4.02 % $ 64,275,473 $ 3,144,471 4.89 % Debt securities available for sale [a] 5,825,301 58,876 1.01 8,520,287 168,031 1.97 Debt securities held to maturity 8,593,882 195,032 2.27 5,281,585 149,505 2.83 Other earning assets [b] 12,130,267 73,671 0.61 5,837,890 148,187 2.54 Total earning assets [a] 93,594,528 3,025,693 3.23 83,915,235 3,610,194 4.30 Allowance for credit losses (1,497,922) (950,306) Unrealized gain (loss) on debt securities available for sale 99,960 (76,200) Other assets 9,811,568 11,404,693 Total assets $ 102,008,134 $ 94,293,422 Liabilities and Shareholder's Equity Interest bearing liabilities: Interest bearing demand deposits $ 13,649,238 54,570 0.40 $ 9,048,948 95,709 1.06 Savings and money market accounts 36,073,927 168,737 0.47 28,546,260 354,286 1.24 Certificates and other time deposits 8,196,738 133,806 1.63 14,780,464 328,161 2.22 Total interest bearing deposits 57,919,903 357,113 0.62 52,375,672 778,156 1.49 FHLB and other borrowings 3,605,422 71,848 1.99 3,968,094 136,164 3.43 Federal funds purchased and securities sold under agreement to repurchase [b] 1,249,629 41,018 3.28 857,922 36,736 4.28 Other short-term borrowings 12,158 525 4.32 14,963 567 3.79 Total interest bearing liabilities 62,787,112 470,504 0.75 57,216,651 951,623 1.66 Noninterest bearing deposits 24,506,957 20,631,434 Other noninterest bearing liabilities 2,710,898 2,551,174 Total liabilities 90,004,967 80,399,259 Shareholder's equity 12,003,167 13,894,163 Total liabilities and shareholder's equity $ 102,008,134 $ 94,293,422 Net interest income/ net interest spread 2,555,189 2.48 % 2,658,571 2.64 % Net yield on earning assets 2.73 % 3.17 % Total taxable equivalent adjustment 44,665 51,538 Net interest income $ 2,510,524 $ 2,607,033 [a] Excludes adjustment for market valuation. [b] Yield/rate reflects impact of balance sheet offsetting. BBVA USA BANCSHARES, INC. (Unaudited) (Dollars in Thousands) Year Ended Three Months Ended December 31, % 2020 2019 2020 2019 Change December 31 September 30 June 30 March 31 December 31 NONINTEREST INCOME Service charges on deposit accounts $ 219,783 $ 250,367 (12) $ 59,309 $ 54,710 $ 44,233 $ 61,531 $ 64,585 Card and merchant processing fees 192,096 197,547 (3) 49,961 48,628 43,416 50,091 50,805 Investment services sales fees 112,243 115,446 (3) 26,647 26,218 24,971 34,407 28,130 Investment banking and advisory fees 138,096 83,659 65 26,291 40,013 45,061 26,731 15,720 Money transfer income 106,564 99,144 7 29,446 27,109 25,461 24,548 25,871 Asset management fees 48,101 45,571 6 12,613 12,024 11,560 11,904 11,532 Corporate and correspondent investment sales 49,318 38,561 28 16,268 3,478 18,855 10,717 14,263 Mortgage banking 74,813 28,059 167 19,753 13,741 23,868 17,451 9,048 Bank owned life insurance 20,149 17,479 15 5,458 4,972 5,094 4,625 4,584 Other 208,893 230,150 (9) 55,670 53,767 26,358 73,098 48,046 1,170,056 1,105,983 6 301,416 284,660 268,877 315,103 272,584 Investment securities gains, net 22,616 29,961 (25) 3,477 19,139 Total noninterest income $ 1,192,672 $ 1,135,944 5 $ 301,416 $ 284,660 $ 272,354 $ 334,242 $ 272,584 NONINTEREST EXPENSE Salaries, benefits and commissions $ 1,159,561 $ 1,181,934 (2) $ 301,020 $ 296,708 $ 251,697 $ 310,136 $ 297,823 Professional services 306,873 292,926 5 80,535 78,018 78,100 70,220 82,343 Equipment 267,547 256,766 4 69,321 68,793 64,752 64,681 64,826 Net occupancy 163,125 166,600 (2) 40,552 41,145 41,585 39,843 43,302 Money transfer expense 74,755 68,224 10 20,764 18,897 17,958 17,136 17,951 Marketing 40,130 55,164 (27) 10,170 9,283 8,778 11,899 12,888 Communications 21,759 21,782 5,038 5,542 5,808 5,371 5,179 Other 342,968 352,684 (3) 50,180 77,242 110,772 104,774 92,594 2,376,718 2,396,080 (1) 577,580 595,628 579,450 624,060 616,906 Goodwill impairment 2,185,000 470,000 365 - - - 2,185,000 470,000 Total noninterest expense $4,561,718 $2,866,080 59 $ 577,580 $ 595,628 $579,450 $2,809,060 $ 1,086,906 BBVA USA BANCSHARES, INC. (Unaudited) (Dollars in Thousands) Year Ended Three Months Ended December 31, 2020 2019 2020 2019 December 31 September 30 June 30 March 31 December 31 NON-GAAP RECONCILIATION Computation of Operating Income: Net interest income (GAAP) $ 2,510,524 $ 2,607,033 $ 667,202 $ 641,850 $ 612,017 $ 589,455 $ 623,154 Plus: noninterest income (GAAP) 1,192,672 1,135,944 301,416 284,660 272,354 334,242 272,584 Less: noninterest expense (GAAP) 4,561,718 2,866,080 577,580 595,628 579,450 2,809,060 1,086,906 Plus: goodwill impairment (GAAP) 2,185,000 470,000 2,185,000 470,000 Operating income (non-GAAP) $ 1,326,478 $ 1,346,897 $ 391,038 $ 330,882 $ 304,921 $ 299,637 $ 278,832 Computation of Tangible Shareholder's Equity: Total shareholder's equity $ 11,691,362 $ 13,386,589 $ 11,691,362 $ 11,394,964 $ 11,270,789 $ 11,358,354 $ 13,386,589 Less: goodwill and other intangibles (GAAP) 2,358,973 4,555,330 2,358,973 2,357,039 2,357,343 2,359,540 4,555,330 Tangible shareholder's equity (non-GAAP) $ 9,332,389 $ 8,831,259 $ 9,332,389 $ 9,037,925 $ 8,913,446 $ 8,998,814 $ 8,831,259 Computation of Average Tangible Equity: Total stockholder's equity (average) (GAAP) $ 12,003,167 $ 13,894,163 $ 11,595,287 $ 11,394,928 $ 11,533,007 $ 13,500,615 $ 14,090,315 Less: goodwill and other intangibles (average) (GAAP) 2,897,169 5,026,723 2,358,697 2,357,944 2,357,132 4,526,744 5,016,935 Average tangible equity (non-GAAP) [B] $ 9,105,998 $ 8,867,440 $ 9,236,590 $ 9,036,984 $ 9,175,875 $ 8,973,871 $ 9,073,380 Net income (loss) (GAAP) [A] $ (1,861,664) $ 153,407 $ 333,817 $ 166,241 $ (124,437) $ (2,237,285) $ (330,705) Return on average tangible equity (non-GAAP) ([A]/[B], annualized) (20.44)% 1.73 % 14.38 % 7.32 % (5.45)% (100.27)% (14.46)% Computation of Adjusted Net Income, Return on Average Assets and Return on Average Tangible Equity: Net income (loss) (GAAP) $ (1,861,664) $ 153,407 $ 333,817 $ 166,241 $ (124,437) $ (2,237,285) $ (330,705) Plus: goodwill impairment (GAAP) 2,185,000 470,000 2,185,000 470,000 Adjusted net income (non-GAAP) [C] $ 323,336 $ 623,407 $ 333,817 $ 166,241 $ (124,437) $ (52,285) $ 139,295 Average assets (GAAP) [D] $ 102,008,134 $ 94,293,422 $ 104,835,589 $ 104,282,898 $ 104,204,062 $ 96,356,113 $ 95,754,954 Return on average assets - adjusted (non-GAAP) ([C]/[D], annualized) 0.32 % 0.66 % 1.27 % 0.63 % (0.48)% (0.22)% 0.58 % Return on average tangible equity - adjusted (non-GAAP) ([C]/[B], annualized) 3.55 7.03 14.38 7.32 (5.45) (2.34) 6.09 Computation of Efficiency Ratio: Noninterest expense (GAAP) $ 4,561,718 $ 2,866,080 $ 577,580 $ 595,628 $ 579,450 $ 2,809,060 $ 1,086,906 Less: securities and goodwill impairment (GAAP) 2,185,000 470,215 2,185,000 470,102 Total expense (GAAP) [E] $ 2,376,718 $ 2,395,865 $ 577,580 $ 595,628 $ 579,450 $ 624,060 $ 616,804 Net interest income, taxable equivalent basis 2,555,189 2,658,571 $ 677,798 $ 652,660 $ 623,242 601,489 635,552 Plus: noninterest income (GAAP) 1,192,672 1,135,944 301,416 284,660 272,354 334,242 272,584 Less: investment securities gains, net (GAAP) 22,616 29,961 3,477 19,139 Total revenue [F] $ 3,725,245 $ 3,764,554 $ 979,214 $ 937,320 $ 892,119 $ 916,592 $ 908,136 Efficiency ratio (non-GAAP) ([E]/[F]) 63.80 % 63.64 % 58.98 % 63.55 % 64.95 % 68.08 % 67.92 % BBVA USA BANCSHARES, INC. SUPPLEMENTAL LOAN PORTFOLIO INFORMATION (Unaudited) (Dollars in Thousands) At or Quarter Ended December 31, 2020 30-59 Days PastDue 60-89 Days PastDue 90 Days or More PastDue Nonaccrual AccruingTDRs Not Past Due orImpaired Total Net Charge Offs(Recoveries) Commercial, financial and agricultural $ 15,862 $ 22,569 $ 35,472 $ 540,741 $ 17,686 $ 25,972,812 $ 26,605,142 $ 5,019 Real estate construction 3,595 174 532 25,316 145 2,468,569 2,498,331 (2) Commercial real estate mortgage 2,113 2,004 1,104 442,137 910 13,117,046 13,565,314 203 Residential real estate mortgage 49,445 20,694 45,761 235,463 53,380 12,923,031 13,327,774 1,029 Equity lines of credit 11,108 4,305 2,624 42,606 - 2,334,251 2,394,894 (795) Equity loans 1,417 243 317 10,167 19,606 148,012 179,762 135 Credit card 12,147 10,191 21,953 - - 837,411 881,702 14,714 Consumer direct 24,076 17,550 8,741 10,087 23,163 1,846,106 1,929,723 28,206 Consumer indirect 47,174 14,951 5,066 24,713 - 4,085,221 4,177,125 8,069 Total loans $ 166,937 $ 92,681 $ 121,570 $ 1,331,230 $ 114,890 $ 63,732,459 $ 65,559,767 $ 56,578 Loans held for sale $ - $ - $ - $ - $ - $ 236,586 $ 236,586 $ - At or Quarter Ended September 30, 2020 30-59 Days PastDue 60-89 Days PastDue 90 Days or More PastDue Nonaccrual AccruingTDRs Not Past Due orImpaired Total Net Charge Offs(Recoveries) Commercial, financial and agricultural $ 22,632 $ 12,890 $ 21,261 $ 660,254 $ 19,713 $ 26,203,423 $ 26,940,173 $ 50,789 Real estate construction 2,861 303 532 12,614 61 2,387,303 2,403,674 153 Commercial real estate mortgage 19,280 3,968 1,816 275,668 1,831 13,393,237 13,695,800 98 Residential real estate mortgage 88,035 49,344 39,728 204,442 55,132 13,027,076 13,463,757 (117) Equity lines of credit 13,418 6,300 3,445 37,216 - 2,381,344 2,441,723 233 Equity loans 1,847 1,158 271 8,758 20,750 161,583 194,367 (195) Credit card 9,776 7,526 16,542 - - 873,949 907,793 18,527 Consumer direct 25,762 11,730 6,643 9,134 17,926 1,952,501 2,023,696 24,559 Consumer indirect 34,116 9,744 3,834 24,954 - 4,036,981 4,109,629 6,771 Total loans $ 217,727 $ 102,963 $ 94,072 $ 1,233,040 $ 115,413 $ 64,417,397 $ 66,180,612 $ 100,818 Loans held for sale $ - $ - $ - $ - $ - $ 253,454 $ 253,454 $ - At or Quarter Ended June 30, 2020 30-59 Days PastDue 60-89 Days PastDue 90 Days or More PastDue Nonaccrual AccruingTDRs Not Past Due orImpaired Total Net Charge Offs(Recoveries) Commercial, financial and agricultural $ 51,207 $ 5,130 $ 8,450 $ 389,615 $ 1,866 $ 28,325,856 $ 28,782,124 $ 29,038 Real estate construction 12,907 - 532 13,317 64 2,271,650 2,298,470 (36) Commercial real estate mortgage 8,592 2,190 415 117,213 1,876 13,670,383 13,800,669 8,670 Residential real estate mortgage 70,252 22,495 13,140 169,387 54,289 13,099,576 13,429,139 182 Equity lines of credit 8,461 8,162 3,555 34,915 - 2,461,741 2,516,834 (476) Equity loans 1,311 692 148 8,457 21,280 178,092 209,980 (120) Credit card 6,668 7,286 22,134 - - 929,484 965,572 20,107 Consumer direct 19,927 10,923 11,623 7,624 16,836 2,067,175 2,134,108 42,271 Consumer indirect 32,519 11,162 6,166 24,216 - 4,030,541 4,104,604 23,418 Total loans $ 211,844 $ 68,040 $ 66,163 $ 764,744 $ 96,211 $ 67,034,498 $ 68,241,500 $ 123,054 Loans held for sale $ - $ - $ - $ - $ - $ 245,851 $ 245,851 $ - At or Quarter Ended March 31, 2020 30-59 Days PastDue 60-89 Days PastDue 90 Days or More PastDue Nonaccrual AccruingTDRs Not Past Due orImpaired Total Net Charge Offs(Recoveries) Commercial, financial and agricultural $ 31,493 $ 7,588 $ 3,013 $ 323,881 $ 1,931 $ 27,464,207 $ 27,832,113 $ 19,014 Real estate construction 9,356 66 574 13,676 69 2,147,973 2,171,714 (13) Commercial real estate mortgage 13,439 5,241 912 114,839 3,333 13,715,641 13,853,405 (73) Residential real estate mortgage 67,938 25,187 5,744 147,058 55,116 13,144,975 13,446,018 (172) Equity lines of credit 16,382 6,244 3,295 33,354 - 2,552,075 2,611,350 536 Equity loans 2,636 1,147 293 8,027 22,392 194,874 229,369 212 Credit card 13,230 8,932 23,707 - - 977,503 1,023,372 19,517 Consumer direct 34,553 19,738 15,196 7,160 14,898 2,184,500 2,276,045 51,726 Consumer indirect 76,547 24,249 9,040 28,721 - 3,957,471 4,096,028 21,051 Total loans $ 265,574 $ 98,392 $ 61,774 $ 676,716 $ 97,739 $ 66,339,219 $ 67,539,414 $ 111,798 Loans held for sale $ - $ - $ - $ - $ - $ 117,752 $ 117,752 $ - At or Quarter Ended December 31, 2019 30-59 Days PastDue 60-89 Days PastDue 90 Days or More PastDue Nonaccrual AccruingTDRs Not Past Due orImpaired Total Net Charge Offs(Recoveries) Commercial, financial and agricultural $ 29,273 $ 16,462 $ 6,692 $ 268,288 $ 1,456 $ 24,110,067 $ 24,432,238 $ 37,788 Real estate construction 7,603 2 571 8,041 72 2,012,393 2,028,682 (126) Commercial real estate mortgage 5,325 5,458 6,576 98,077 3,414 13,742,628 13,861,478 (285) Residential real estate mortgage 72,571 21,909 4,641 147,337 57,165 13,230,331 13,533,954 107 Equity lines of credit 15,766 6,581 1,567 38,113 - 2,530,653 2,592,680 857 Equity loans 2,856 1,028 195 8,651 23,770 208,468 244,968 137 Credit card 11,275 9,214 22,796 - - 959,080 1,002,365 16,760 Consumer direct 33,658 20,703 18,358 6,555 12,438 2,246,430 2,338,142 58,190 Consumer indirect 83,966 28,430 9,730 31,781 - 3,758,443 3,912,350 27,275 Total loans $ 262,293 $ 109,787 $ 71,126 $ 606,843 $ 98,315 $ 62,798,493 $ 63,946,857 $ 140,703 Loans held for sale $ - $ - $ - $ - $ - $ 112,058 $ 112,058 $ - BBVA USA BANCSHARES, INC. BALANCE SHEET (Unaudited) (Dollars in Thousands) 2020 2019 December 31 September 30 June 30 March 31 December 31 Assets: Cash and due from banks $ 1,249,954 $ 1,035,307 $ 1,019,127 $ 1,033,733 $ 1,149,734 Federal funds sold, securities purchased under agreements to resell and interest bearing deposits 13,357,954 14,041,538 11,738,063 4,479,535 5,788,964 Cash and cash equivalents 14,607,908 15,076,845 12,757,190 5,513,268 6,938,698 Trading account assets 762,449 926,497 1,016,966 1,009,130 473,976 Debt securities available for sale 5,744,919 6,028,072 5,765,192 6,344,816 7,235,305 Debt securities held to maturity, net 10,549,945 9,428,931 8,693,437 7,876,266 6,797,046 Loans held for sale 236,586 253,454 245,851 117,752 112,058 Loans 65,559,767 66,180,612 68,241,500 67,539,414 63,946,857 Allowance for loan losses (1,679,474) (1,804,423) (1,754,352) (1,351,072) (920,993) Net loans 63,880,293 64,376,189 66,487,148 66,188,342 63,025,864 Premises and equipment, net 1,055,525 1,063,923 1,070,358 1,068,741 1,087,698 Bank owned life insurance 757,943 758,391 754,908 754,409 750,224 Goodwill 2,328,296 2,328,296 2,328,296 2,328,296 4,513,296 Other assets 2,832,339 3,412,324 3,148,270 3,124,539 2,669,182 Total assets $ 102,756,203 $ 103,652,922 $ 102,267,616 $ 94,325,559 $ 93,603,347 Liabilities: Deposits: Noninterest bearing $ 27,791,421 $ 26,803,670 $ 25,978,354 $ 20,418,504 $ 21,850,216 Interest bearing 58,066,960 59,567,362 59,448,060 56,816,003 53,135,067 Total deposits 85,858,381 86,371,032 85,426,414 77,234,507 74,985,283 FHLB and other borrowings 3,548,492 3,560,973 3,571,933 3,790,137 3,690,044 Federal funds purchased and securities sold under agreements to repurchase 184,478 189,474 249,481 409,784 173,028 Other short-term borrowings 1,619 Accrued expenses and other liabilities 1,473,490 2,136,479 1,747,380 1,532,777 1,368,403 Total liabilities 91,064,841 92,257,958 90,996,827 82,967,205 80,216,758 Shareholder's Equity: Preferred stock 229,475 229,475 229,475 229,475 229,475 Common stock $0.01 par value 2,230 2,230 2,230 2,230 2,230 Surplus 14,032,205 14,032,321 14,035,607 14,039,572 14,043,727 Retained deficit (2,931,151) (3,264,295) (3,430,135) (3,305,226) (917,227) Accumulated other comprehensive income (loss) 329,105 365,374 404,165 362,339 (1,072) Total BBVA USA Bancshares, Inc. shareholder's equity 11,661,864 11,365,105 11,241,342 11,328,390 13,357,133 Noncontrolling interests 29,498 29,859 29,447 29,964 29,456 Total shareholder's equity 11,691,362 11,394,964 11,270,789 11,358,354 13,386,589 Total liabilities and shareholder's equity $ 102,756,203 $ 103,652,922 $ 102,267,616 $ 94,325,559 $ 93,603,347 BBVA USA BANCSHARES, INC. INCOME STATEMENT (Unaudited) (Dollars in Thousands) Three Months Ended 2020 2019 December 31 September 30 June 30 March 31 December 31 Interest income: Interest and fees on loans $ 626,900 $ 644,643 $ 669,767 $ 715,476 $ 738,140 Interest on debt securities available for sale 22,089 19,474 18,805 (1,492) 33,333 Interest on debt securities held to maturity 60,812 49,981 39,800 41,102 43,097 Interest on trading account assets 793 892 1,157 1,122 1,326 Interest and dividends on other earning assets 7,080 6,436 14,016 42,175 39,915 Total interest income 717,674 721,426 743,545 798,383 855,811 Interest expense: Interest on deposits 33,945 61,147 97,279 164,742 189,345 Interest on FHLB and other borrowings 14,092 14,644 21,936 21,176 31,263 Interest on federal funds purchased and securities sold under agreements to repurchase 2,350 3,736 12,274 22,658 11,850 Interest on other short-term borrowings 85 49 39 352 199 Total interest expense 50,472 79,576 131,528 208,928 232,657 Net interest income 667,202 641,850 612,017 589,455 623,154 Provision for credit losses (81,298) 150,977 539,459 356,991 119,505 Net interest income after provision for credit losses 748,500 490,873 72,558 232,464 503,649 Noninterest income: Service charges on deposit accounts 59,309 54,710 44,233 61,531 64,585 Card and merchant processing fees 49,961 48,628 43,416 50,091 50,805 Investment services sales fees 26,647 26,218 24,971 34,407 28,130 Investment banking and advisory fees 26,291 40,013 45,061 26,731 15,720 Money transfer income 29,446 27,109 25,461 24,548 25,871 Asset management fees 12,613 12,024 11,560 11,904 11,532 Corporate and correspondent investment sales 16,268 3,478 18,855 10,717 14,263 Mortgage banking 19,753 13,741 23,868 17,451 9,048 Bank owned life insurance 5,458 4,972 5,094 4,625 4,584 Investment securities gains, net 3,477 19,139 Other 55,670 53,767 26,358 73,098 48,046 Total noninterest income 301,416 284,660 272,354 334,242 272,584 Noninterest expense: Salaries, benefits and commissions 301,020 296,708 251,697 310,136 297,823 Professional services 80,535 78,018 78,100 70,220 82,343 Equipment 69,321 68,793 64,752 64,681 64,826 Net occupancy 40,552 41,145 41,585 39,843 43,302 Money transfer expense 20,764 18,897 17,958 17,136 17,951 Marketing 10,170 9,283 8,778 11,899 12,888 Communications 5,038 5,542 5,808 5,371 5,179 Goodwill impairment 2,185,000 470,000 Other 50,180 77,242 110,772 104,774 92,594 Total noninterest expense 577,580 595,628 579,450 2,809,060 1,086,906 Net (loss) income before income tax expense 472,336 179,905 (234,538) (2,242,354) (310,673) Income tax (benefit) expense 138,519 13,664 (110,101) (5,069) 20,032 Net (loss) income 333,817 166,241 (124,437) (2,237,285) (330,705) Less: net income attributable to noncontrolling interests 673 401 472 501 663 Net (loss) income attributable to BBVA USA Bancshares, Inc. $ 333,144 $ 165,840 $(124,909) $(2,237,786) $ (331,368) SOURCE BBVA USA Related Links www.bbva.com
edtsum7950
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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, June 18, 2020 /PRNewswire/ -- More than 8 in 10 Americans (83%) say the future of our nation is a significant source of stress, according to the American Psychological Association's most recent survey report, Stress in AmericaTM 2020: Stress in The Time of COVID-19, Volume Two. The previous high was 69%, reported in 2018 as part of APA's annual Stress in America survey. Most Americans say that this is the lowest point in the nation's history that they can remember. Following protests over racial injustice sparked by the death of George Floyd at the hands of Minneapolis police all set against the backdrop of the COVID-19 pandemic more than 7 in 10 (72%) Americans say that this is the lowest point in the country's history that they can remember. The report includes findings fromtwo recent surveys conducted by The Harris Poll on behalf of APA: Wave 2 of the COVID Tracker conducted from May 21 to June 3, 2020, among 3,013 adults age 18+ who reside in the U.S. and an additional poll about the current civil unrest conducted from June 9 to 11, 2020, among 2,058 adults age 18+ who reside in the U.S. "We are experiencing the collision of three national crises the COVID-19 pandemic, economic turmoil and recent, traumatic events related to systemic racism. As a result, the collective mental health of the American public has endured one devasting blow after another, the long-term effects of which many people will struggle with for years to come," said Arthur C. Evans Jr., PhD, APA's chief executive officer. "We don't have to be passive players in mitigating the rapidly increasing stress Americans are facing and its consequences on our health."The proportion of black Americans who say discrimination is a significant source of stress has increased significantly in the past month, with 55% of black adults saying discrimination is a significant source of stress in Wave 2 of the COVID Tracker. At the beginning of May, only 42% said the same in Wave 1. In the most recent civil unrest poll, more than 7 in 10 Americans (71%) say police violence toward minorities is a significant source of stress. But most Americans (67%) say the current movement against systemic racism and police brutality is going to lead to meaningful change in America."America has an ongoing racism pandemic that continues to devastate the lives and livelihoods of our black communities," Evans said. "The majority of Americans are finally coming to terms with the reality people of color have known all too well for all too long and that research has documented: Racism poses a public health threat and the psychological burden is immense. We have a lot of healing to do as a nation. Increased access to psychological supports is one way to move us more in the right direction."In a continued focus on pandemic-related stress through the COVID Tracker, the report also shows nearly 2 in 3 adults (66%) say the government response to the COVID-19 pandemic is a significant source of stress. Of those, 84% say the federal government response is a significant source of stress, followed by state (72%) and local governments (64%). Overall, more than 6 in 10 Americans (63%) agree that the thought of the U.S. reopening causes them stress, but just over 7 in 10 adults (72%) say they are confident they can protect themselves from coronavirus once the U.S. reopens. At the same time, 65% say they wish they had more information about what they should do as their community reopens.Stress in AmericaTM 2020: Stress in the Time of COVID-19, Volume Two plus downloadable graphics are available in theStress in America Press Room.APA also offers resources for the public on mental health during the time of COVID-19, including resources for parents and on racial equity and health disparities.MethodologyWave 2 of the COVID Tracker was conducted online within the United States by The Harris Poll on behalf of the American Psychological Association between May 21 and June 3, 2020, among 3,013 adults age 18+ who reside in the U.S. Interviews were conducted in English and Spanish. Data were weighted to reflect their proportions in the population based on the 2019 Current Population Survey by the U.S. Census Bureau. Weighting variables included age by gender, race/ethnicity, education, region, household income and time spent online. Hispanic adults also were weighted for acculturation taking into account respondents' household language as well as their ability to read and speak in English and Spanish. Country of origin (U.S./non-U.S.) also was included for Hispanic and Asian subgroups. Weighting variables for Gen Z adults (ages 18 to 23) included education, age by gender, race/ethnicity, region, household income and size of household. Propensity score weighting was used to adjust for respondents' propensity to be online. The Civil Unrest Survey was conducted online within the United States by The Harris Poll on behalf ofthe American Psychological Association between June 9 and 11, 2020, among 2,058 adults age 18+ who reside in the U.S. Results were weighted for age within gender, region, race/ethnicity, household income, education, marital status and size of household where necessary to align them with their actual proportions in the population.Propensity score weighting was also used to adjust for respondents' propensity to be online.Neither online survey is based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including subgroup sample sizes, or methodologies for historical data referenced, contact [emailprotected].TheAmerican Psychological Association, in Washington, D.C., is the largest scientific and professional organization representing psychology in the United States. APA's membership includes nearly 121,000 researchers, educators, clinicians, consultants and students. Through its divisions in 54 subfields of psychology and affiliations with 60 state, territorial and Canadian provincial associations, APA works to advance the creation, communication and application of psychological knowledge to benefit society and improve lives.SOURCE American Psychological Association Related Links https://www.apa.org Answer:
More Than 80% Of Americans Report Nation's Future Is Significant Source Of Stress, Survey Says As protests continue, more than half of black adults say discrimination a significant stressor
WASHINGTON, June 18, 2020 /PRNewswire/ -- More than 8 in 10 Americans (83%) say the future of our nation is a significant source of stress, according to the American Psychological Association's most recent survey report, Stress in AmericaTM 2020: Stress in The Time of COVID-19, Volume Two. The previous high was 69%, reported in 2018 as part of APA's annual Stress in America survey. Most Americans say that this is the lowest point in the nation's history that they can remember. Following protests over racial injustice sparked by the death of George Floyd at the hands of Minneapolis police all set against the backdrop of the COVID-19 pandemic more than 7 in 10 (72%) Americans say that this is the lowest point in the country's history that they can remember. The report includes findings fromtwo recent surveys conducted by The Harris Poll on behalf of APA: Wave 2 of the COVID Tracker conducted from May 21 to June 3, 2020, among 3,013 adults age 18+ who reside in the U.S. and an additional poll about the current civil unrest conducted from June 9 to 11, 2020, among 2,058 adults age 18+ who reside in the U.S. "We are experiencing the collision of three national crises the COVID-19 pandemic, economic turmoil and recent, traumatic events related to systemic racism. As a result, the collective mental health of the American public has endured one devasting blow after another, the long-term effects of which many people will struggle with for years to come," said Arthur C. Evans Jr., PhD, APA's chief executive officer. "We don't have to be passive players in mitigating the rapidly increasing stress Americans are facing and its consequences on our health."The proportion of black Americans who say discrimination is a significant source of stress has increased significantly in the past month, with 55% of black adults saying discrimination is a significant source of stress in Wave 2 of the COVID Tracker. At the beginning of May, only 42% said the same in Wave 1. In the most recent civil unrest poll, more than 7 in 10 Americans (71%) say police violence toward minorities is a significant source of stress. But most Americans (67%) say the current movement against systemic racism and police brutality is going to lead to meaningful change in America."America has an ongoing racism pandemic that continues to devastate the lives and livelihoods of our black communities," Evans said. "The majority of Americans are finally coming to terms with the reality people of color have known all too well for all too long and that research has documented: Racism poses a public health threat and the psychological burden is immense. We have a lot of healing to do as a nation. Increased access to psychological supports is one way to move us more in the right direction."In a continued focus on pandemic-related stress through the COVID Tracker, the report also shows nearly 2 in 3 adults (66%) say the government response to the COVID-19 pandemic is a significant source of stress. Of those, 84% say the federal government response is a significant source of stress, followed by state (72%) and local governments (64%). Overall, more than 6 in 10 Americans (63%) agree that the thought of the U.S. reopening causes them stress, but just over 7 in 10 adults (72%) say they are confident they can protect themselves from coronavirus once the U.S. reopens. At the same time, 65% say they wish they had more information about what they should do as their community reopens.Stress in AmericaTM 2020: Stress in the Time of COVID-19, Volume Two plus downloadable graphics are available in theStress in America Press Room.APA also offers resources for the public on mental health during the time of COVID-19, including resources for parents and on racial equity and health disparities.MethodologyWave 2 of the COVID Tracker was conducted online within the United States by The Harris Poll on behalf of the American Psychological Association between May 21 and June 3, 2020, among 3,013 adults age 18+ who reside in the U.S. Interviews were conducted in English and Spanish. Data were weighted to reflect their proportions in the population based on the 2019 Current Population Survey by the U.S. Census Bureau. Weighting variables included age by gender, race/ethnicity, education, region, household income and time spent online. Hispanic adults also were weighted for acculturation taking into account respondents' household language as well as their ability to read and speak in English and Spanish. Country of origin (U.S./non-U.S.) also was included for Hispanic and Asian subgroups. Weighting variables for Gen Z adults (ages 18 to 23) included education, age by gender, race/ethnicity, region, household income and size of household. Propensity score weighting was used to adjust for respondents' propensity to be online. The Civil Unrest Survey was conducted online within the United States by The Harris Poll on behalf ofthe American Psychological Association between June 9 and 11, 2020, among 2,058 adults age 18+ who reside in the U.S. Results were weighted for age within gender, region, race/ethnicity, household income, education, marital status and size of household where necessary to align them with their actual proportions in the population.Propensity score weighting was also used to adjust for respondents' propensity to be online.Neither online survey is based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including subgroup sample sizes, or methodologies for historical data referenced, contact [emailprotected].TheAmerican Psychological Association, in Washington, D.C., is the largest scientific and professional organization representing psychology in the United States. APA's membership includes nearly 121,000 researchers, educators, clinicians, consultants and students. Through its divisions in 54 subfields of psychology and affiliations with 60 state, territorial and Canadian provincial associations, APA works to advance the creation, communication and application of psychological knowledge to benefit society and improve lives.SOURCE American Psychological Association Related Links https://www.apa.org
edtsum7951
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: DUBLIN, Feb. 24, 2021 /PRNewswire/ -- The "Global Telepresence Robots Market By Component (Head v/s Body), By Type (Stationary v/s Mobile), By Application (Education, Healthcare, Enterprise, Homecare, Others), By Company, By Region, Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering. The Global Telepresence Robots Market is expected to grow at a formidable rate of around 15% during the forecast period. The Global Telepresence Robots Market is driven by the extensive use of these robots across various enterprises. These robots help the organizations in virtual meetings, organizing teleconferences and remote management of employees. Also, telepresence robots help business collaborate with each other without any need of travelling thereby saving the cost for the organization. This in turn is expected to positively influence the market growth. Additionally, these robots provide flexibility and convenience to the users thereby propelling the market through 2026. Furthermore, increasing investments and new product launches by the major vendors operating in the market is further expected to create lucrative opportunities for the market growth over the next few years. However, high cost of installation and maintenance can hamper the market growth through 2026. Besides, technical glitches lead to operational failure thereby impeding the market growth.The Global Telepresence Robots Market is segmented based on component, type, application, company and region. Based on type, the market can be bifurcated into stationary and mobile. The mobile segment is expected to grow significantly during the forecast period on account of their widespread application in the various sectors such as defense & security, surveillance, among others. Based on application, the market can be fragmented into education, healthcare, enterprise, homecare and others. The healthcare segment is expected to dominate the market during the forecast period. This can be ascribed to the growing geriatric population suffering from various chronic and infectious diseases but who wishes to live independently. These telepresence robots help in remote monitoring of such patients, provide them regular medicine reminders, helps them connect to doctors & nurses as per the requirement, among others.Regionally, the Global Telepresence Robots Market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America is expected to dominate the overall telepresence robots market owing to the early adoption of technologies in the region. Additionally, the presence of major players in the region is further propelling the market growth.The major players operating in the Global Telepresence Robots Market are Double Robotics, Inbot Technology, Suitable Technologies, Mantaro Networks, VGo Communications, InTouch Technologies, Qihan Technology, Amy Robotics, Anybots, SuperDroid Robots and others. Major companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.Key Target Audience: Telepresence robots manufacturers/suppliers/distributors Market research and consulting firms Government bodies such as regulating authorities and policy makers Organizations, forums and alliances related to telepresence robots Years considered for this report: Historical Years: 2016-2019 Base Year: 2020 Estimated Year: 2021 Forecast Period: 2022-2027 Key Topics Covered: 1. Product Overview2. Research Methodology3. Impact of COVID-19 on Global Telepresence Robots Market4. Executive Summary5. Voice of Customer6. Global Telepresence Robots Market Outlook6.1. Market Size & Forecast6.1.1. By Value6.2. Market Share & Forecast6.2.1. By Component (Head v/s Body)6.2.1.1. By Head (Camera, Display, Speaker, Microphone)6.2.1.2. By Body (Power Source, Sensors & Control System, Others)6.2.2. By Type (Stationary v/s Mobile)6.2.3. By Application (Education, Healthcare, Enterprise, Homecare, Others)6.2.4. By Company (2020)6.2.5. By Region6.3. Product Market Map7. Asia-Pacific Telepresence Robots Market Outlook7.1. Market Size & Forecast 7.1.1. By Value7.2. Market Share & Forecast7.2.1. By Component7.2.2. By Type7.2.3. By Application7.2.4. By Country7.3. Asia-Pacific: Country Analysis7.3.1. China Telepresence Robots Market Outlook7.3.2. India Telepresence Robots Market Outlook7.3.3. Australia Telepresence Robots Market Outlook7.3.4. Japan Telepresence Robots Market Outlook7.3.5. South Korea Telepresence Robots Market Outlook8. Europe Telepresence Robots Market Outlook8.1. Market Size & Forecast 8.1.1. By Value8.2. Market Share & Forecast8.2.1. By Component8.2.2. By Type8.2.3. By Application8.2.4. By Country8.3. Europe: Country Analysis8.3.1. France Telepresence Robots Market Outlook8.3.2. Germany Telepresence Robots Market Outlook8.3.3. United Kingdom Telepresence Robots Market Outlook8.3.4. Italy Telepresence Robots Market Outlook8.3.5. Spain Telepresence Robots Market Outlook9. North America Telepresence Robots Market Outlook9.1. Market Size & Forecast 9.1.1. By Value9.2. Market Share & Forecast9.2.1. By Component9.2.2. By Type9.2.3. By Application9.2.4. By Country9.3. North America: Country Analysis9.3.1. United States Telepresence Robots Market Outlook9.3.2. Mexico Telepresence Robots Market Outlook9.3.3. Canada Telepresence Robots Market Outlook10. South America Telepresence Robots Market Outlook10.1. Market Size & Forecast 10.1.1. By Value10.2. Market Share & Forecast10.2.1. By Component10.2.2. By Type10.2.3. By Application10.2.4. By Country10.3. South America: Country Analysis10.3.1. Brazil Telepresence Robots Market Outlook10.3.2. Argentina Telepresence Robots Market Outlook10.3.3. Colombia Telepresence Robots Market Outlook11. Middle East and Africa Telepresence Robots Market Outlook11.1. Market Size & Forecast 11.1.1. By Value11.2. Market Share & Forecast11.2.1. By Component11.2.2. By Type11.2.3. By Application11.2.4. By Country11.3. MEA: Country Analysis11.3.1. South Africa Telepresence Robots Market Outlook11.3.2. Saudi Arabia Telepresence Robots Market Outlook11.3.3. UAE Telepresence Robots Market Outlook11.3.4. Kuwait Telepresence Robots Market Outlook12. Market Dynamics12.1. Drivers12.2. Challenges13. Market Trends & Developments14. Competitive Landscape14.1. Double Robotics, Inc.14.2. Inbot Technology, Ltd.14.3. Suitable Technologies, Inc.14.4. Mantaro Networks Inc.14.5. VGo Communications, Inc.14.6. InTouch Technologies, Inc.14.7. Qihan Technology Co. Ltd.14.8. Amy Robotics Co. Ltd.14.9. Anybots Inc.14.10. SuperDroid Robots Inc.15. Strategic RecommendationsFor more information about this report visit https://www.researchandmarkets.com/r/rvumdi Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com Answer:
Global Telepresence Robots Markets Report 2021 - Major Companies are Developing Advanced Technologies and Launching New Services in Order to Stay Competitive
DUBLIN, Feb. 24, 2021 /PRNewswire/ -- The "Global Telepresence Robots Market By Component (Head v/s Body), By Type (Stationary v/s Mobile), By Application (Education, Healthcare, Enterprise, Homecare, Others), By Company, By Region, Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering. The Global Telepresence Robots Market is expected to grow at a formidable rate of around 15% during the forecast period. The Global Telepresence Robots Market is driven by the extensive use of these robots across various enterprises. These robots help the organizations in virtual meetings, organizing teleconferences and remote management of employees. Also, telepresence robots help business collaborate with each other without any need of travelling thereby saving the cost for the organization. This in turn is expected to positively influence the market growth. Additionally, these robots provide flexibility and convenience to the users thereby propelling the market through 2026. Furthermore, increasing investments and new product launches by the major vendors operating in the market is further expected to create lucrative opportunities for the market growth over the next few years. However, high cost of installation and maintenance can hamper the market growth through 2026. Besides, technical glitches lead to operational failure thereby impeding the market growth.The Global Telepresence Robots Market is segmented based on component, type, application, company and region. Based on type, the market can be bifurcated into stationary and mobile. The mobile segment is expected to grow significantly during the forecast period on account of their widespread application in the various sectors such as defense & security, surveillance, among others. Based on application, the market can be fragmented into education, healthcare, enterprise, homecare and others. The healthcare segment is expected to dominate the market during the forecast period. This can be ascribed to the growing geriatric population suffering from various chronic and infectious diseases but who wishes to live independently. These telepresence robots help in remote monitoring of such patients, provide them regular medicine reminders, helps them connect to doctors & nurses as per the requirement, among others.Regionally, the Global Telepresence Robots Market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America is expected to dominate the overall telepresence robots market owing to the early adoption of technologies in the region. Additionally, the presence of major players in the region is further propelling the market growth.The major players operating in the Global Telepresence Robots Market are Double Robotics, Inbot Technology, Suitable Technologies, Mantaro Networks, VGo Communications, InTouch Technologies, Qihan Technology, Amy Robotics, Anybots, SuperDroid Robots and others. Major companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.Key Target Audience: Telepresence robots manufacturers/suppliers/distributors Market research and consulting firms Government bodies such as regulating authorities and policy makers Organizations, forums and alliances related to telepresence robots Years considered for this report: Historical Years: 2016-2019 Base Year: 2020 Estimated Year: 2021 Forecast Period: 2022-2027 Key Topics Covered: 1. Product Overview2. Research Methodology3. Impact of COVID-19 on Global Telepresence Robots Market4. Executive Summary5. Voice of Customer6. Global Telepresence Robots Market Outlook6.1. Market Size & Forecast6.1.1. By Value6.2. Market Share & Forecast6.2.1. By Component (Head v/s Body)6.2.1.1. By Head (Camera, Display, Speaker, Microphone)6.2.1.2. By Body (Power Source, Sensors & Control System, Others)6.2.2. By Type (Stationary v/s Mobile)6.2.3. By Application (Education, Healthcare, Enterprise, Homecare, Others)6.2.4. By Company (2020)6.2.5. By Region6.3. Product Market Map7. Asia-Pacific Telepresence Robots Market Outlook7.1. Market Size & Forecast 7.1.1. By Value7.2. Market Share & Forecast7.2.1. By Component7.2.2. By Type7.2.3. By Application7.2.4. By Country7.3. Asia-Pacific: Country Analysis7.3.1. China Telepresence Robots Market Outlook7.3.2. India Telepresence Robots Market Outlook7.3.3. Australia Telepresence Robots Market Outlook7.3.4. Japan Telepresence Robots Market Outlook7.3.5. South Korea Telepresence Robots Market Outlook8. Europe Telepresence Robots Market Outlook8.1. Market Size & Forecast 8.1.1. By Value8.2. Market Share & Forecast8.2.1. By Component8.2.2. By Type8.2.3. By Application8.2.4. By Country8.3. Europe: Country Analysis8.3.1. France Telepresence Robots Market Outlook8.3.2. Germany Telepresence Robots Market Outlook8.3.3. United Kingdom Telepresence Robots Market Outlook8.3.4. Italy Telepresence Robots Market Outlook8.3.5. Spain Telepresence Robots Market Outlook9. North America Telepresence Robots Market Outlook9.1. Market Size & Forecast 9.1.1. By Value9.2. Market Share & Forecast9.2.1. By Component9.2.2. By Type9.2.3. By Application9.2.4. By Country9.3. North America: Country Analysis9.3.1. United States Telepresence Robots Market Outlook9.3.2. Mexico Telepresence Robots Market Outlook9.3.3. Canada Telepresence Robots Market Outlook10. South America Telepresence Robots Market Outlook10.1. Market Size & Forecast 10.1.1. By Value10.2. Market Share & Forecast10.2.1. By Component10.2.2. By Type10.2.3. By Application10.2.4. By Country10.3. South America: Country Analysis10.3.1. Brazil Telepresence Robots Market Outlook10.3.2. Argentina Telepresence Robots Market Outlook10.3.3. Colombia Telepresence Robots Market Outlook11. Middle East and Africa Telepresence Robots Market Outlook11.1. Market Size & Forecast 11.1.1. By Value11.2. Market Share & Forecast11.2.1. By Component11.2.2. By Type11.2.3. By Application11.2.4. By Country11.3. MEA: Country Analysis11.3.1. South Africa Telepresence Robots Market Outlook11.3.2. Saudi Arabia Telepresence Robots Market Outlook11.3.3. UAE Telepresence Robots Market Outlook11.3.4. Kuwait Telepresence Robots Market Outlook12. Market Dynamics12.1. Drivers12.2. Challenges13. Market Trends & Developments14. Competitive Landscape14.1. Double Robotics, Inc.14.2. Inbot Technology, Ltd.14.3. Suitable Technologies, Inc.14.4. Mantaro Networks Inc.14.5. VGo Communications, Inc.14.6. InTouch Technologies, Inc.14.7. Qihan Technology Co. Ltd.14.8. Amy Robotics Co. Ltd.14.9. Anybots Inc.14.10. SuperDroid Robots Inc.15. Strategic RecommendationsFor more information about this report visit https://www.researchandmarkets.com/r/rvumdi 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
edtsum7952
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 "Heat Pump Water Heater - 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 273-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 Heat Pump Water Heater Market to Reach $168.7 Billion by 2027 Amid the COVID-19 crisis, the global market for Heat Pump Water Heater estimated at US$88.9 Billion in the year 2020, is projected to reach a revised size of US$168.7 Billion by 2027, growing at a CAGR of 9.6% over the period 2020-2027. Air-To-Water Heat Pumps, one of the segments analyzed in the report, is projected to record 9.4% CAGR and reach US$123.5 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 Ground Source Heat Pumps segment is readjusted to a revised 10.1% CAGR for the next 7-year period. The U.S. Market is Estimated at $24 Billion, While China is Forecast to Grow at 12.7% CAGR The Heat Pump Water Heater market in the U.S. is estimated at US$24 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$35.5 Billion by the year 2027 trailing a CAGR of 12.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.6% and 8.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR. Competitors identified in this market include, among others: Key Topics Covered: I. INTRODUCTION, METHODOLOGY & REPORT SCOPE II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW 2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS 4. GLOBAL MARKET PERSPECTIVE III. MARKET ANALYSIS IV. COMPETITION For more information about this report visit https://www.researchandmarkets.com/r/vtlja Answer:
Insights on the Heat Pump Water Heater Global Market to 2027 - Featuring Danfoss, GE Appliances and Panasonic Among Others - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Heat Pump Water Heater - 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 273-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 Heat Pump Water Heater Market to Reach $168.7 Billion by 2027 Amid the COVID-19 crisis, the global market for Heat Pump Water Heater estimated at US$88.9 Billion in the year 2020, is projected to reach a revised size of US$168.7 Billion by 2027, growing at a CAGR of 9.6% over the period 2020-2027. Air-To-Water Heat Pumps, one of the segments analyzed in the report, is projected to record 9.4% CAGR and reach US$123.5 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 Ground Source Heat Pumps segment is readjusted to a revised 10.1% CAGR for the next 7-year period. The U.S. Market is Estimated at $24 Billion, While China is Forecast to Grow at 12.7% CAGR The Heat Pump Water Heater market in the U.S. is estimated at US$24 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$35.5 Billion by the year 2027 trailing a CAGR of 12.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.6% and 8.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR. Competitors identified in this market include, among others: Key Topics Covered: I. INTRODUCTION, METHODOLOGY & REPORT SCOPE II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW 2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS 4. GLOBAL MARKET PERSPECTIVE III. MARKET ANALYSIS IV. COMPETITION For more information about this report visit https://www.researchandmarkets.com/r/vtlja
edtsum7953
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: NEW YORK, Oct. 13, 2020 /PRNewswire/ --InvestorsObserver issues critical PriceWatch Alerts for ENLV, VXRT, CTIC, WKHS, and SOLO. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link. ENLV: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=ENLV&prnumber=101320202 VXRT: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=VXRT&prnumber=101320202 CTIC: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=CTIC&prnumber=101320202 WKHS: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=WKHS&prnumber=101320202 SOLO: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=SOLO&prnumber=101320202 (Note: You may have to copy this link into your browser then press the [ENTER] key.) InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment. SOURCE InvestorsObserver Related Links http://www.investorsobserver.com Answer:
Thinking about buying stock in Enlivex Therapeutics, Vaxart, CTI BioPharma, Workhorse Group, or Electrameccanica Vehicles?
NEW YORK, Oct. 13, 2020 /PRNewswire/ --InvestorsObserver issues critical PriceWatch Alerts for ENLV, VXRT, CTIC, WKHS, and SOLO. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link. ENLV: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=ENLV&prnumber=101320202 VXRT: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=VXRT&prnumber=101320202 CTIC: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=CTIC&prnumber=101320202 WKHS: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=WKHS&prnumber=101320202 SOLO: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=SOLO&prnumber=101320202 (Note: You may have to copy this link into your browser then press the [ENTER] key.) InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment. SOURCE InvestorsObserver Related Links http://www.investorsobserver.com
edtsum7954
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 28, 2021 /PRNewswire/ --This press release provides shareholders of Cohen&Steers Infrastructure Fund, Inc. (NYSE: UTF) (the "Fund") with information regarding the sources of the distribution to be paid on April 30, 2021 and cumulative distributions paid fiscal year-to-date. In March 2015, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission. The managed distribution policy seeks to deliver the Fund's long-term total return potential through regular monthly distributions declared at a fixed rate per common share. This policy gives the Fund greater flexibility to realize long-term capital gains throughout the year and to distribute those gains on a regular monthly basis to shareholders. The Board of Directors of the Fund may amend, terminate or suspend the managed distribution policy at any time, which could have an adverse effect on the market price of the Fund's shares. The Fund's monthly distributions may include long-term capital gains, short-term capital gains, net investment income and/or return of capital for federal income tax purposes. Return of capital includes distributions paid by the Fund in excess of its net investment income and net realized capital gains and such excess is distributed from the Fund's assets. A return of capital is not taxable; rather, it reduces a shareholder's tax basis in his or her shares of the Fund. In addition, distributions from the Fund's investments in MLPs are attributed to various sources, including net investment income and return of capital. The amount of monthly distributions may vary depending on a number of factors, including changes in portfolio and market conditions. At the time of each monthly distribution, information will be posted to cohenandsteers.com and mailed to shareholders in a concurrent notice. However, this information may change at the end of the year because the final tax characteristics of the Fund's distributions cannot be determined with certainty until after the end of the calendar year. Final tax characteristics of all of the Fund's distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year. The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated. All amounts are expressed per common share. DISTRIBUTION ESTIMATES April 2021 YEAR-TO-DATE (YTD) April 30, 2021* Source Per Share Amount % of Current Distribution Per Share Amount % of 2021 Distributions Net Investment Income $0.0058 3.74% $0.0735 11.85% Net Realized Short-Term Capital Gains $0.0000 0.00% $0.1852 29.87% Net Realized Long-Term Capital Gains $0.1492 96.26% $0.2869 46.27% Return of Capital (or other Capital Source) $0.0000 0.00% $0.0744 12.00% Total Current Distribution $0.1550 100.00% $0.6200 100.00% You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's managed distribution policy. The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The amounts and sources of distributions year-to-date may be subject to additional adjustments. *THE FUND WILL SEND YOU A FORM 1099-DIV FOR THE CALENDAR YEAR THAT WILL TELL YOU HOW TO REPORT THESE DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES. The Fund's Year-to-date Cumulative Total Return for fiscal year 2021 (January 1, 2021 through March 31, 2021) is set forth below. Shareholders should take note of the relationship between the Year-to-date Cumulative Total Return with the Fund's Cumulative Distribution Rate for 2021. In addition, the Fund's Average Annual Total Return for the five-year period ending March 31, 2021 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund's Current Annualized Distribution Rate for 2021. The performance and distribution rate information disclosed in the table is based on the Fund's net asset value per share (NAV). The Fund's NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total liabilities, divided by the total number of shares outstanding. While NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's individual investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market. Fund Performance and Distribution Rate Information: Year-to-date January 1, 2021 to March 31, 2021 Year-to-date Cumulative Total Return1 6.40% Cumulative Distribution Rate2 2.41% Five-year period ending March 31, 2021 Average Annual Total Return3 10.78% Current Annualized Distribution Rate4 7.23% 1. Year-to-date Cumulative Total Return is the percentage change in the Fund's NAV over the year-to-date time period including distributions paid and assuming reinvestment of those distributions. 2. Cumulative Distribution Rate for the Fund's current fiscal period (January 1, 2021 through April 30, 2021) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of March 31, 2021. 3. Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending March 31, 2021. Annual NAV Total Return is the percentage change in the Fund's NAV over a year including distributions paid and assuming reinvestment of those distributions. 4. The Current Annualized Distribution Rate is the current fiscal period's distribution rate annualized as a percentage of the Fund's NAV as of March 31, 2021. Investors should consider the investment objectives, risks, charges and expense of the Fund carefully before investing. You can obtain the Fund's most recent periodic reports, when available, and other regulatory filings by contacting your financial advisor or visiting cohenandsteers.com. These reports and other filings can be found on the Securities and Exchange Commission's EDGAR Database. You should read these reports and other filings carefully before investing. Shareholders should not use the information provided here in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report Fund distributions for federal income tax purposes. Website: https://www.cohenandsteers.comSymbol: (NYSE: CNS) About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, and Tokyo. Forward-Looking Statements This press release and other statements that Cohen & Steers may make may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company's current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. SOURCE Cohen & Steers Answer:
Cohen & Steers Infrastructure Fund, Inc. (UTF) Notification of Sources of Distribution Under Section 19(a)
NEW YORK, April 28, 2021 /PRNewswire/ --This press release provides shareholders of Cohen&Steers Infrastructure Fund, Inc. (NYSE: UTF) (the "Fund") with information regarding the sources of the distribution to be paid on April 30, 2021 and cumulative distributions paid fiscal year-to-date. In March 2015, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission. The managed distribution policy seeks to deliver the Fund's long-term total return potential through regular monthly distributions declared at a fixed rate per common share. This policy gives the Fund greater flexibility to realize long-term capital gains throughout the year and to distribute those gains on a regular monthly basis to shareholders. The Board of Directors of the Fund may amend, terminate or suspend the managed distribution policy at any time, which could have an adverse effect on the market price of the Fund's shares. The Fund's monthly distributions may include long-term capital gains, short-term capital gains, net investment income and/or return of capital for federal income tax purposes. Return of capital includes distributions paid by the Fund in excess of its net investment income and net realized capital gains and such excess is distributed from the Fund's assets. A return of capital is not taxable; rather, it reduces a shareholder's tax basis in his or her shares of the Fund. In addition, distributions from the Fund's investments in MLPs are attributed to various sources, including net investment income and return of capital. The amount of monthly distributions may vary depending on a number of factors, including changes in portfolio and market conditions. At the time of each monthly distribution, information will be posted to cohenandsteers.com and mailed to shareholders in a concurrent notice. However, this information may change at the end of the year because the final tax characteristics of the Fund's distributions cannot be determined with certainty until after the end of the calendar year. Final tax characteristics of all of the Fund's distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year. The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated. All amounts are expressed per common share. DISTRIBUTION ESTIMATES April 2021 YEAR-TO-DATE (YTD) April 30, 2021* Source Per Share Amount % of Current Distribution Per Share Amount % of 2021 Distributions Net Investment Income $0.0058 3.74% $0.0735 11.85% Net Realized Short-Term Capital Gains $0.0000 0.00% $0.1852 29.87% Net Realized Long-Term Capital Gains $0.1492 96.26% $0.2869 46.27% Return of Capital (or other Capital Source) $0.0000 0.00% $0.0744 12.00% Total Current Distribution $0.1550 100.00% $0.6200 100.00% You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's managed distribution policy. The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The amounts and sources of distributions year-to-date may be subject to additional adjustments. *THE FUND WILL SEND YOU A FORM 1099-DIV FOR THE CALENDAR YEAR THAT WILL TELL YOU HOW TO REPORT THESE DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES. The Fund's Year-to-date Cumulative Total Return for fiscal year 2021 (January 1, 2021 through March 31, 2021) is set forth below. Shareholders should take note of the relationship between the Year-to-date Cumulative Total Return with the Fund's Cumulative Distribution Rate for 2021. In addition, the Fund's Average Annual Total Return for the five-year period ending March 31, 2021 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund's Current Annualized Distribution Rate for 2021. The performance and distribution rate information disclosed in the table is based on the Fund's net asset value per share (NAV). The Fund's NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total liabilities, divided by the total number of shares outstanding. While NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's individual investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market. Fund Performance and Distribution Rate Information: Year-to-date January 1, 2021 to March 31, 2021 Year-to-date Cumulative Total Return1 6.40% Cumulative Distribution Rate2 2.41% Five-year period ending March 31, 2021 Average Annual Total Return3 10.78% Current Annualized Distribution Rate4 7.23% 1. Year-to-date Cumulative Total Return is the percentage change in the Fund's NAV over the year-to-date time period including distributions paid and assuming reinvestment of those distributions. 2. Cumulative Distribution Rate for the Fund's current fiscal period (January 1, 2021 through April 30, 2021) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of March 31, 2021. 3. Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending March 31, 2021. Annual NAV Total Return is the percentage change in the Fund's NAV over a year including distributions paid and assuming reinvestment of those distributions. 4. The Current Annualized Distribution Rate is the current fiscal period's distribution rate annualized as a percentage of the Fund's NAV as of March 31, 2021. Investors should consider the investment objectives, risks, charges and expense of the Fund carefully before investing. You can obtain the Fund's most recent periodic reports, when available, and other regulatory filings by contacting your financial advisor or visiting cohenandsteers.com. These reports and other filings can be found on the Securities and Exchange Commission's EDGAR Database. You should read these reports and other filings carefully before investing. Shareholders should not use the information provided here in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report Fund distributions for federal income tax purposes. Website: https://www.cohenandsteers.comSymbol: (NYSE: CNS) About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, and Tokyo. Forward-Looking Statements This press release and other statements that Cohen & Steers may make may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company's current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. SOURCE Cohen & Steers
edtsum7955
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 29, 2021 /PRNewswire/ -- Group 1 Automotive, Inc.(NYSE: GPI), ("Group 1" or the "Company"),an international, Fortune 500 automotive retailer, today announced that senior management will present at Bank of America's 2021 Global Auto Summit on Tuesday, March 30, 2021. The virtual presentation is scheduled to begin at 1:20 p.m. E.T. A softcopy of the Company's presentation material provided at the virtual conference will also be available within group1corp.com/events and within the Investor Relations section of Group 1's website at group1corp.com/company-presentations. ABOUT GROUP 1 AUTOMOTIVE, INC.Group 1 owns and operates 184 automotive dealerships, 237 franchises, and 49collision centersinthe United States, theUnited KingdomandBrazilthat offer 31 brands of automobiles. Through its dealerships, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service contracts; provides automotive maintenance and repair services; and sells vehicle parts. Investors please visit group1corp.com, group1auto.com, group1collision.com, acceleride.com, facebook.com/group1auto, and twitter.com/group1auto, where Group 1 discloses additional information about the Company, its business, and its results of operations. Investor contacts:Sheila RothManager, Investor RelationsGroup 1 Automotive, Inc.713-647-5741 |[emailprotected] Media contacts:Pete DeLongchampsSenior V.P. Manufacturer Relations, Financial Services and Public AffairsGroup 1 Automotive, Inc.713-647-5770 |[emailprotected]orClint WoodsPierpont Communications, Inc.713-627-2223 |[emailprotected] SOURCE Group 1 Automotive, Inc. Related Links http://www.group1auto.com Answer:
Group 1 Automotive to Present at Bank of America's 2021 Global Auto Summit
HOUSTON, March 29, 2021 /PRNewswire/ -- Group 1 Automotive, Inc.(NYSE: GPI), ("Group 1" or the "Company"),an international, Fortune 500 automotive retailer, today announced that senior management will present at Bank of America's 2021 Global Auto Summit on Tuesday, March 30, 2021. The virtual presentation is scheduled to begin at 1:20 p.m. E.T. A softcopy of the Company's presentation material provided at the virtual conference will also be available within group1corp.com/events and within the Investor Relations section of Group 1's website at group1corp.com/company-presentations. ABOUT GROUP 1 AUTOMOTIVE, INC.Group 1 owns and operates 184 automotive dealerships, 237 franchises, and 49collision centersinthe United States, theUnited KingdomandBrazilthat offer 31 brands of automobiles. Through its dealerships, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service contracts; provides automotive maintenance and repair services; and sells vehicle parts. Investors please visit group1corp.com, group1auto.com, group1collision.com, acceleride.com, facebook.com/group1auto, and twitter.com/group1auto, where Group 1 discloses additional information about the Company, its business, and its results of operations. Investor contacts:Sheila RothManager, Investor RelationsGroup 1 Automotive, Inc.713-647-5741 |[emailprotected] Media contacts:Pete DeLongchampsSenior V.P. Manufacturer Relations, Financial Services and Public AffairsGroup 1 Automotive, Inc.713-647-5770 |[emailprotected]orClint WoodsPierpont Communications, Inc.713-627-2223 |[emailprotected] SOURCE Group 1 Automotive, Inc. Related Links http://www.group1auto.com
edtsum7956
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: CHICAGO--(BUSINESS WIRE)--OCC, the worlds largest equity derivatives clearing organization, announced today that November 2020 total cleared contract volume was 677,190,590 contracts, up 71 percent from November 2019. This marks the highest November ever and the second-highest month on record. Year-to-date average daily cleared contract volume through November was 29,295,206 contracts, up 48.4 percent from November 2019. Options: Total exchange-listed options cleared contract volume was 673,660,858, up 72.4 percent from November 2019. Equity options cleared contract volume was 640,174,308 contracts, up 78.9 percent from November 2019. This includes ETF option cleared contract volume of 185,711,923, a 49.9 percent increase compared to November 2019. Index options volume was 33,486,550, a 2.1 percent increase from November 2019. OCCs year-to-date average daily cleared options volume is 29,062,585 contracts. Futures: Total futures cleared contract volume was 3,529,732, a 32.2 percent decrease from November 2019. OCC's year-to-date average daily cleared futures volume is 232,621 contracts. Securities Lending: The average daily loan value at OCC in November 2020 was $86,538,948,248, a 11.5 percent increase compared to November 2019. Securities lending CCP activity increased by 14.4 percent in new loans from November 2019 with 105,418 transactions last month. For 2020 monthly exchange market share information, click here. November 2020 Total Contract Volume November 2019 Total Contract Volume November Total Contract % Change vs 2019 YTD Avg Daily Contract 2020 YTD Avg Daily Contract 2019 % Change vs 2019 Equity Options 640,174,308 357,882,106 78.9% 27,206,312 17,518,400 55.3% Index Options 33,486,550 32,813,835 2.1% 1,856,273 1,906,109 -2.6% Total Options 673,660,858 390,695,941 72.4% 29,062,585 19,424,509 49.6% Futures 3,529,732 5,207,403 -32.2% 232,621 309,554 -24.9% Total Volume 677,190,590 395,903,344 71.0% 29,295,206 19,734,063 48.4% About OCC OCC is the world's largest equity derivatives clearing organization. Founded in 1973, OCC operates under the jurisdiction of both the U.S. Securities and Exchange Commission (SEC) as a registered clearing agency and the U.S. Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. Named 2020 Best Clearing House Equities by Markets Media for the third consecutive year, OCC now provides central counterparty (CCP) clearing and settlement services to 20 exchanges and trading platforms for options, financial futures, security futures, and securities lending transactions. More information about OCC is available at www.theocc.com. Copyright 2020. The Options Clearing Corporation. All rights reserved. Answer:
OCC November 2020 Total Volume Up 71 Percent From a Year Ago Highest November ever and second-highest month on record
CHICAGO--(BUSINESS WIRE)--OCC, the worlds largest equity derivatives clearing organization, announced today that November 2020 total cleared contract volume was 677,190,590 contracts, up 71 percent from November 2019. This marks the highest November ever and the second-highest month on record. Year-to-date average daily cleared contract volume through November was 29,295,206 contracts, up 48.4 percent from November 2019. Options: Total exchange-listed options cleared contract volume was 673,660,858, up 72.4 percent from November 2019. Equity options cleared contract volume was 640,174,308 contracts, up 78.9 percent from November 2019. This includes ETF option cleared contract volume of 185,711,923, a 49.9 percent increase compared to November 2019. Index options volume was 33,486,550, a 2.1 percent increase from November 2019. OCCs year-to-date average daily cleared options volume is 29,062,585 contracts. Futures: Total futures cleared contract volume was 3,529,732, a 32.2 percent decrease from November 2019. OCC's year-to-date average daily cleared futures volume is 232,621 contracts. Securities Lending: The average daily loan value at OCC in November 2020 was $86,538,948,248, a 11.5 percent increase compared to November 2019. Securities lending CCP activity increased by 14.4 percent in new loans from November 2019 with 105,418 transactions last month. For 2020 monthly exchange market share information, click here. November 2020 Total Contract Volume November 2019 Total Contract Volume November Total Contract % Change vs 2019 YTD Avg Daily Contract 2020 YTD Avg Daily Contract 2019 % Change vs 2019 Equity Options 640,174,308 357,882,106 78.9% 27,206,312 17,518,400 55.3% Index Options 33,486,550 32,813,835 2.1% 1,856,273 1,906,109 -2.6% Total Options 673,660,858 390,695,941 72.4% 29,062,585 19,424,509 49.6% Futures 3,529,732 5,207,403 -32.2% 232,621 309,554 -24.9% Total Volume 677,190,590 395,903,344 71.0% 29,295,206 19,734,063 48.4% About OCC OCC is the world's largest equity derivatives clearing organization. Founded in 1973, OCC operates under the jurisdiction of both the U.S. Securities and Exchange Commission (SEC) as a registered clearing agency and the U.S. Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. Named 2020 Best Clearing House Equities by Markets Media for the third consecutive year, OCC now provides central counterparty (CCP) clearing and settlement services to 20 exchanges and trading platforms for options, financial futures, security futures, and securities lending transactions. More information about OCC is available at www.theocc.com. Copyright 2020. The Options Clearing Corporation. All rights reserved.
edtsum7957
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: DES PLAINES, Ill., April 21, 2021 /PRNewswire/ -- TheNational Insurance Crime Bureau(NICB), the insurance industry's association dedicated to predicting, preventing, and prosecuting insurance crime, urges Illinois legislators to take steps to address the significant increase in catalytic converter thefts across Illinois. NICB strongly recommends legislators support Illinois HB0106, which would increase requirements on sellers of catalytic converters, impose due diligence obligations upon metal recycling entities, and establish fines for buyers who are knowingly engaging in fraudulent practices related to catalytic converter purchases. "Since the start of the pandemic, we have seen a drastic increase in auto crimes to include a rise in catalytic converter thefts, and Illinois continues to be near the top of the list," said David Glawe, President and CEO of the NICB. A catalytic converter is a device that looks like a small muffler along with the exhaust system. It is designed to convert the environmentally hazardous exhaust emitted by an engine into less harmful gasses. To do this, manufacturers use platinum, palladium, and rhodium. In recent years, the values of these precious metals have skyrocketed. According to NICB's Operations, Intelligence and Analytics study of reported thefts, there were 108 catalytic reported converter thefts per month on average in 2018, 282 average monthly thefts reported in 2019, and 1,203 average thefts reported per month in 2020. During this time-period, the top five states for catalytic converter thefts were California, Texas, Minnesota, North Carolina, and Illinois. In 2020, there was a continual climb in thefts. January had the fewest number of reported thefts at 652, but it continued to climb markedly throughout the year, with December having 2,347 reported thefts. "NICB continues to engage in an aggressive media campaign to warn the public about this alarming trend. Make sure you use common-sense tactics such as securing your vehicle, park in well-lit areas. Make sure your anti-theft device is active. Take your keys and fobs with you. More often than not, people are leaving their keys in their vehicles. Work with law enforcement and your neighbors. If you see something, say something. If you see something suspicious, call 911," added Glawe. The NICB recommends vehicle owners: Install a catalytic converter anti-theft device. These are available from various manufacturers and can provide a level of security from theft. Park fleet vehicles in an enclosed and secured area that is well lit, locked, and alarmed. Park personal vehicles in a garage. If not possible and vehicles must be parked in a driveway, consider installing motion sensor security lights. While lights may not provide complete security, it may make some thieves think twice, making them leave the area and your vehicle untouched. Call local law enforcement and your insurer should you become the victim of a catalytic converter theft. NICB always encourages you to contact your insurance agent or company to make sure you have the right amount of coverage in case your catalytic converter is stolen. In some cases, this theft is covered by insurance. The optional comprehensive portion of your insurance policy, the portion that covers damage caused to your vehicle not caused by accident, usually covers this kind of loss. However, the owner will be responsible for paying the deductible. If your deductible is $1,000 and the cost to repair the damage costs $1,000 or maybe a few hundred dollars more, drivers may not opt to file a claim. The NICB advises drivers to contact their insurer to report the theft and determine the best course of action. REPORT FRAUD:Anyone with information concerning insurance fraud or vehicle theft can report it anonymously by calling toll-free 800.TEL.NICB (800.835.6422)or submitting a formon our website. ABOUT THE NATIONAL INSURANCE CRIME BUREAU:Headquartered in Des Plaines, Ill., the NICB is the nation's leading not-for-profit organization exclusively dedicated to preventing, detecting and defeating insurance fraud and vehicle theft through Intelligence & Analytics, Learning & Development, and Strategy, Policy, & Plans. The NICB is supported by more than 1,200 property and casualty insurance companies, rental car agencies, auto auctions, and self-insured entities. NICB member companies wrote more than $526 billion in insurance premiums in 2019, or more than 82% of the nation's property-casualty insurance. That includes more than 95% ($241 billion) of the nation's personal auto insurance. To learn more, visit www.nicb.org. SOURCE National Insurance Crime Bureau Related Links www.nicb.org Answer:
NICB Urges Illinois Legislators To Take Action To Curb Catalytic Converter Thefts
DES PLAINES, Ill., April 21, 2021 /PRNewswire/ -- TheNational Insurance Crime Bureau(NICB), the insurance industry's association dedicated to predicting, preventing, and prosecuting insurance crime, urges Illinois legislators to take steps to address the significant increase in catalytic converter thefts across Illinois. NICB strongly recommends legislators support Illinois HB0106, which would increase requirements on sellers of catalytic converters, impose due diligence obligations upon metal recycling entities, and establish fines for buyers who are knowingly engaging in fraudulent practices related to catalytic converter purchases. "Since the start of the pandemic, we have seen a drastic increase in auto crimes to include a rise in catalytic converter thefts, and Illinois continues to be near the top of the list," said David Glawe, President and CEO of the NICB. A catalytic converter is a device that looks like a small muffler along with the exhaust system. It is designed to convert the environmentally hazardous exhaust emitted by an engine into less harmful gasses. To do this, manufacturers use platinum, palladium, and rhodium. In recent years, the values of these precious metals have skyrocketed. According to NICB's Operations, Intelligence and Analytics study of reported thefts, there were 108 catalytic reported converter thefts per month on average in 2018, 282 average monthly thefts reported in 2019, and 1,203 average thefts reported per month in 2020. During this time-period, the top five states for catalytic converter thefts were California, Texas, Minnesota, North Carolina, and Illinois. In 2020, there was a continual climb in thefts. January had the fewest number of reported thefts at 652, but it continued to climb markedly throughout the year, with December having 2,347 reported thefts. "NICB continues to engage in an aggressive media campaign to warn the public about this alarming trend. Make sure you use common-sense tactics such as securing your vehicle, park in well-lit areas. Make sure your anti-theft device is active. Take your keys and fobs with you. More often than not, people are leaving their keys in their vehicles. Work with law enforcement and your neighbors. If you see something, say something. If you see something suspicious, call 911," added Glawe. The NICB recommends vehicle owners: Install a catalytic converter anti-theft device. These are available from various manufacturers and can provide a level of security from theft. Park fleet vehicles in an enclosed and secured area that is well lit, locked, and alarmed. Park personal vehicles in a garage. If not possible and vehicles must be parked in a driveway, consider installing motion sensor security lights. While lights may not provide complete security, it may make some thieves think twice, making them leave the area and your vehicle untouched. Call local law enforcement and your insurer should you become the victim of a catalytic converter theft. NICB always encourages you to contact your insurance agent or company to make sure you have the right amount of coverage in case your catalytic converter is stolen. In some cases, this theft is covered by insurance. The optional comprehensive portion of your insurance policy, the portion that covers damage caused to your vehicle not caused by accident, usually covers this kind of loss. However, the owner will be responsible for paying the deductible. If your deductible is $1,000 and the cost to repair the damage costs $1,000 or maybe a few hundred dollars more, drivers may not opt to file a claim. The NICB advises drivers to contact their insurer to report the theft and determine the best course of action. REPORT FRAUD:Anyone with information concerning insurance fraud or vehicle theft can report it anonymously by calling toll-free 800.TEL.NICB (800.835.6422)or submitting a formon our website. ABOUT THE NATIONAL INSURANCE CRIME BUREAU:Headquartered in Des Plaines, Ill., the NICB is the nation's leading not-for-profit organization exclusively dedicated to preventing, detecting and defeating insurance fraud and vehicle theft through Intelligence & Analytics, Learning & Development, and Strategy, Policy, & Plans. The NICB is supported by more than 1,200 property and casualty insurance companies, rental car agencies, auto auctions, and self-insured entities. NICB member companies wrote more than $526 billion in insurance premiums in 2019, or more than 82% of the nation's property-casualty insurance. That includes more than 95% ($241 billion) of the nation's personal auto insurance. To learn more, visit www.nicb.org. SOURCE National Insurance Crime Bureau Related Links www.nicb.org
edtsum7958
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: RALEIGH, N.C., March 6, 2021 /PRNewswire/ --Mayne Pharma announced today new data showing treatment with NEXTSTELLIS,1 a novel, investigational combined oral contraceptive (COC) containing drospirenone (DRSP) and estetrol (E4), resulted in limited changes in endocrine markers, including lower increases in hormone binding globulins, compared with COCs based on ethinyl-estradiol (EE), the synthetic estrogen used in all but one of the marketed COCs. The data was presented at the annual meeting of the International Society for the Study of Women's Sexual Health (ISSWSH), held virtually in the U.S. from March 5-7. Historically, some COCs have been associated with a decrease in circulating androgensi and increases in hormone binding globulins.ii These endocrine changes can result in hormonal imbalance and have been associated with side effects such as acne, excess facial and body hair, or changes in libido.iii "When prescribing COCs, practitioners must have a good understanding of how these therapies may impact other hormones in the body in order to make an informed prescribing decision for their patients," said Andrew London, M.D., Assistant Professor of OB/GYN at The Johns Hopkins School of Medicine. "Based on our findings, treatment with DRSP/E4 has limited effects on some of these endocrine parameters compared to the tested EE-containing products, giving DRSP/E4 a different and potentially favorable endocrine profile compared to those EE-based COCs." In a phase 2 study, titled "Endocrine and metabolic effects of an oral contraceptive containing estetrol and drospirenone," the changes from the baseline serum concentration of various endocrine and liver protein markers at cycle 3 and 6 were determined in subjects receiving NEXTSTELLIS or a COC formulation containing EE combined with either levonorgestrel (LNG/EE) or drospirenone (DRSP/EE). Comparative findings include: A significant increase in sex hormone-binding globulin (SHBG) was observed at cycle 3 (240%) and 6 (251%) with DRSP/EE as compared to baseline or those observed with NEXTSTELLIS (52% and 55%). LNG/EE was not significantly different at cycle 3 or 6. At cycle 6, decrease in total testosterone (TT) and free testosterone (FT) with NEXTSTELLIS (31% and 50%) was not significantly different from those noted with LNG/EE (38% and 50%) or DRSP/EE (33% and 71%). At cycle 3, there were no decreases noted in any group. At cycle 6, NEXTSTELLIS had a significantly lower impact on dehydroepiandrosterone sulfate (DHEA-S) levels than DRSP/EE (10% vs. 27%). No differences were noted between DRSP/E4 and LNG/EE. "This exciting new data adds to the solid safety and tolerability profile of NEXTSTELLIS and the growing body of clinical evidence that this unique combination with a new form of estrogen, may be a promising novel oral contraceptive option for women," said Scott Richards, CEO, Mayne Pharma. Study designIn the randomized, open-label, three-arm parallel study, participants received DRSP 3 mg/E4 15 mg (n = 38), LNG 150 mcg/EE 30 mcg (n = 29), or DRSP 3 mg/EE 20 mcg (n = 31) in a 24/4-day regimen of six consecutive, 28-day treatment cycles. Changes from baseline in serum TT, FT, androstenedione, DHEA-S, cortisol binding globulin (CBG), SHBG, and thyroxine binding globulin (TBG) were determined at cycle 3 and 6. About NEXTSTELLISDeveloped by Mayne Pharma's development and manufacturing partner Mithra Pharmaceuticals SA, NEXTSTELLIS is a novel, investigational combined oral contraceptive pill containing 3 mg drospirenone (DRSP) and 15 mg estetrol (E4). E4 is a naturally occurring estrogen that is produced by the human fetal liver during pregnancy and can now be produced from a plant source. In June 2020, the U.S. Food and Drug Administration (FDA) accepted for review a New Drug Application (NDA) submitted by Mayne Pharma for NEXTSTELLIS to prevent pregnancy. The NDA submission included results from two phase 3 clinical studies conducted in more than 3,725 women aged 16 to 50 years. If approved, NEXTSTELLIS would be the first contraceptive product containing E4 and the first new estrogen introduced in the U.S. for contraceptive use in approximately 50 years. About Mayne PharmaMayne Pharma is an ASX-listed specialty pharmaceutical company focused on applying its drug delivery expertise to commercialize branded and generic pharmaceuticals, offering patients better, safe and more accessible medicines. The company has an extensive women's health portfolio focused on contraceptives. Its pipeline includes a novel oral contraceptive and a number of branded generic contraceptives. Mayne Pharma also provides contract development and manufacturing services to more than 100 clients worldwide. Mayne Pharma has a 40-year track record of innovation and success in developing new oral drug delivery systems and these technologies have been successfully commercialized in numerous products that continue to be marketed around the world. NEXTSTELLIS is a registered trademark of a third party. Contact: Karen Dombek, [emailprotected], 908-234-9900 1 NEXTSTELLIS trade name conditionally accepted by the FDA i Burrows LJ, et al. J Sex Med. 2012; 9, 2213-2223 ii Mawet M, et al. Eu J Contra Rep Hlth Care. 2015; 20, 463-475 iii https://pubmed.ncbi.nlm.nih.gov/24082040/ SOURCE Mayne Pharma Answer:
New Data Show NEXTSTELLIS Has Selective Impact On Endocrine Markers Compared With Common Combined Oral Contraceptives Results presented at the annual meeting of the International Society for the Study of Women's Sexual Health
RALEIGH, N.C., March 6, 2021 /PRNewswire/ --Mayne Pharma announced today new data showing treatment with NEXTSTELLIS,1 a novel, investigational combined oral contraceptive (COC) containing drospirenone (DRSP) and estetrol (E4), resulted in limited changes in endocrine markers, including lower increases in hormone binding globulins, compared with COCs based on ethinyl-estradiol (EE), the synthetic estrogen used in all but one of the marketed COCs. The data was presented at the annual meeting of the International Society for the Study of Women's Sexual Health (ISSWSH), held virtually in the U.S. from March 5-7. Historically, some COCs have been associated with a decrease in circulating androgensi and increases in hormone binding globulins.ii These endocrine changes can result in hormonal imbalance and have been associated with side effects such as acne, excess facial and body hair, or changes in libido.iii "When prescribing COCs, practitioners must have a good understanding of how these therapies may impact other hormones in the body in order to make an informed prescribing decision for their patients," said Andrew London, M.D., Assistant Professor of OB/GYN at The Johns Hopkins School of Medicine. "Based on our findings, treatment with DRSP/E4 has limited effects on some of these endocrine parameters compared to the tested EE-containing products, giving DRSP/E4 a different and potentially favorable endocrine profile compared to those EE-based COCs." In a phase 2 study, titled "Endocrine and metabolic effects of an oral contraceptive containing estetrol and drospirenone," the changes from the baseline serum concentration of various endocrine and liver protein markers at cycle 3 and 6 were determined in subjects receiving NEXTSTELLIS or a COC formulation containing EE combined with either levonorgestrel (LNG/EE) or drospirenone (DRSP/EE). Comparative findings include: A significant increase in sex hormone-binding globulin (SHBG) was observed at cycle 3 (240%) and 6 (251%) with DRSP/EE as compared to baseline or those observed with NEXTSTELLIS (52% and 55%). LNG/EE was not significantly different at cycle 3 or 6. At cycle 6, decrease in total testosterone (TT) and free testosterone (FT) with NEXTSTELLIS (31% and 50%) was not significantly different from those noted with LNG/EE (38% and 50%) or DRSP/EE (33% and 71%). At cycle 3, there were no decreases noted in any group. At cycle 6, NEXTSTELLIS had a significantly lower impact on dehydroepiandrosterone sulfate (DHEA-S) levels than DRSP/EE (10% vs. 27%). No differences were noted between DRSP/E4 and LNG/EE. "This exciting new data adds to the solid safety and tolerability profile of NEXTSTELLIS and the growing body of clinical evidence that this unique combination with a new form of estrogen, may be a promising novel oral contraceptive option for women," said Scott Richards, CEO, Mayne Pharma. Study designIn the randomized, open-label, three-arm parallel study, participants received DRSP 3 mg/E4 15 mg (n = 38), LNG 150 mcg/EE 30 mcg (n = 29), or DRSP 3 mg/EE 20 mcg (n = 31) in a 24/4-day regimen of six consecutive, 28-day treatment cycles. Changes from baseline in serum TT, FT, androstenedione, DHEA-S, cortisol binding globulin (CBG), SHBG, and thyroxine binding globulin (TBG) were determined at cycle 3 and 6. About NEXTSTELLISDeveloped by Mayne Pharma's development and manufacturing partner Mithra Pharmaceuticals SA, NEXTSTELLIS is a novel, investigational combined oral contraceptive pill containing 3 mg drospirenone (DRSP) and 15 mg estetrol (E4). E4 is a naturally occurring estrogen that is produced by the human fetal liver during pregnancy and can now be produced from a plant source. In June 2020, the U.S. Food and Drug Administration (FDA) accepted for review a New Drug Application (NDA) submitted by Mayne Pharma for NEXTSTELLIS to prevent pregnancy. The NDA submission included results from two phase 3 clinical studies conducted in more than 3,725 women aged 16 to 50 years. If approved, NEXTSTELLIS would be the first contraceptive product containing E4 and the first new estrogen introduced in the U.S. for contraceptive use in approximately 50 years. About Mayne PharmaMayne Pharma is an ASX-listed specialty pharmaceutical company focused on applying its drug delivery expertise to commercialize branded and generic pharmaceuticals, offering patients better, safe and more accessible medicines. The company has an extensive women's health portfolio focused on contraceptives. Its pipeline includes a novel oral contraceptive and a number of branded generic contraceptives. Mayne Pharma also provides contract development and manufacturing services to more than 100 clients worldwide. Mayne Pharma has a 40-year track record of innovation and success in developing new oral drug delivery systems and these technologies have been successfully commercialized in numerous products that continue to be marketed around the world. NEXTSTELLIS is a registered trademark of a third party. Contact: Karen Dombek, [emailprotected], 908-234-9900 1 NEXTSTELLIS trade name conditionally accepted by the FDA i Burrows LJ, et al. J Sex Med. 2012; 9, 2213-2223 ii Mawet M, et al. Eu J Contra Rep Hlth Care. 2015; 20, 463-475 iii https://pubmed.ncbi.nlm.nih.gov/24082040/ SOURCE Mayne Pharma
edtsum7959
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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, Nov. 17, 2020 /PRNewswire/ -- The General meeting of ECN holders ofGIG CAPITAL UKby vote majority approved strategic choice of the company's management and voted in favor of the ECN conversion to the new structure under the umbrella brand of Global Success Management with the parent Canadian company-Unendo Water&Energy Inc, on the basis of which will formanew business ecosystem of the company. According to the data of thedepository, which monitored the voting process and the observance of the rights of participants of the meeting, voting began on a special online platform on November 4, 2020 at 7p.m.and ended at 10 a.m.the next day, giving to participants of the meeting the opportunity to use their voting rights in all time zones. According to the statement of independent auditors, the consolidated volume of assets of companies group is more than 1 billion euros. SOURCE GIG Capital Ltd Answer:
GIG Capital Ltd Announcement USA - English USA - English Espaa - espaol France - Franais Deutschland - Deutsch
LONDON, Nov. 17, 2020 /PRNewswire/ -- The General meeting of ECN holders ofGIG CAPITAL UKby vote majority approved strategic choice of the company's management and voted in favor of the ECN conversion to the new structure under the umbrella brand of Global Success Management with the parent Canadian company-Unendo Water&Energy Inc, on the basis of which will formanew business ecosystem of the company. According to the data of thedepository, which monitored the voting process and the observance of the rights of participants of the meeting, voting began on a special online platform on November 4, 2020 at 7p.m.and ended at 10 a.m.the next day, giving to participants of the meeting the opportunity to use their voting rights in all time zones. According to the statement of independent auditors, the consolidated volume of assets of companies group is more than 1 billion euros. SOURCE GIG Capital Ltd
edtsum7960
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 17, 2020 /PRNewswire/ -- The "CAR T-Cell Therapy for Non-Hodgkin's lymphoma (NHL) - Market Insights and Market Forecast - 2030" report has been added to ResearchAndMarkets.com's offering. This report delivers an in-depth understanding of the CAR T-Cell Therapy for Non-Hodgkin's lymphoma (NHL) and market trends in the 6MM, i.e., United States and EU5 (Germany, Spain, Italy, France and United Kingdom).The report provides current treatment practices, emerging therapies, CAR T-Cell Therapy for Non-Hodgkin's lymphoma market share of the individual therapies, current and forecasted CAR T-Cell Therapy for Non-Hodgkin's lymphoma market size from 2017 to 2030 segmented by US and EU markets.The report also covers current CAR T-Cell Therapy for Non-Hodgkin's lymphoma treatment practice/algorithm, market drivers, market barriers and unmet medical needs to curate best of the opportunities and assesses underlying potential of the market.TreatmentIt covers the details of conventional and current medical therapies available as the CAR T-Cell Therapy in Non-Hodgkin's lymphoma market for the treatment of this condition. It also provides the country-wise treatment guidelines and algorithm across the United States and Europe.The CAR T-Cell Therapy for Non-Hodgkin's lymphoma market report gives a thorough understanding of CAR T-Cell Therapy for Non-Hodgkin's lymphoma (NHL) by including details such as disease definition, symptoms, causes, pathophysiology, and diagnosis. It also provides treatment algorithms and treatment guidelines for Non-Hodgkin's lymphoma (NHL) in the US and Europe.Drug ChaptersDrug chapter segment of the CAR T-Cell Therapy for Non-Hodgkin's lymphoma report encloses the detailed analysis of Non-Hodgkin's lymphoma marketed CAR T-Cell Therapies and late stage (Phase-III and Phase-II) pipeline therapies. It also helps to understand the CAR T-Cell Therapy for Non-Hodgkin's lymphoma (NHL) clinical trial details, expressive pharmacological action, agreements and collaborations, approval and patent details, advantages and disadvantages of each included therapy and the latest news and press releases.Marketed TherapiesKymriah (tisagenlecleucel): NovartisKymriah (tisagenlecleucel), formerly known as CTL019, is a prescription cancer treatment approved for the use in patients up to 25 years old who have r/r ALL that and adult patients with r/r large B-cell lymphoma after two or more lines of systemic therapy including DLBCL not otherwise specified, high grade B-cell lymphoma and DLBCL arising from follicular lymphoma.Emerging TherapiesKTE-X19: Gilead SciencesKTE-X19 is an investigational CD19 CAR T-cell therapy. KTE-X19 has the same construct as axicabtagene ciloleucel; however, the manufacturing process for KTE-X19 differs from that of axicabtagene ciloleucel and includes the enrichment of lymphocytes. Lymphocyte enrichment is necessary in certain B-cell malignancies for which KTE-X19 in under investigation. KTE-X19 is currently in Phase I/II trials in acute lymphoblastic leukemia (ALL) and chronic lymphocytic leukemia (CLL). And phase II in Relapsed/Refractory Mantle Cell Lymphoma.Market OutlookThe CAR T-Cell Therapy for Non-Hodgkin's lymphoma (NHL) market outlook of the report helps to build the detailed comprehension of the historic, current and forecasted Non-Hodgkin's lymphoma market trends by analyzing the impact of current CAR T-Cell Therapies on the market, unmet needs, drivers and barriers and demand of better technology.This segment gives a thorough detail of Non-Hodgkin's lymphoma market trend of each marketed CAR T-Cell Therapy and late-stage pipeline therapy by evaluating their impact based on annual cost of therapy, inclusion and exclusion criteria's, mechanism of action, compliance rate, growing need of the market, increasing patient pool, covered patient segment, expected launch year, competition with other therapies, brand value, their impact on the market and view of the key opinion leaders. The calculated market data are presented with relevant tables and graphs to give a clear view of the market at first sight.Therapies UptakeThis section focusses on the rate of uptake of the potential CAR T-Cell Therapies recently launched in the Non-Hodgkin's lymphoma market or expected to get launched in the market during the study period 2017-2030. The analysis covers Non-Hodgkin's lymphoma market uptake by CAR T-Cell Therapies; patient uptake by therapies; and sales of each therapy.This helps in understanding the CAR T-Cell Therapies with the most rapid uptake, reasons behind the maximal use of new therapies and allows the comparison of the therapies on the basis of market share and size which again will be useful in investigating factors important in market uptake and in making financial and regulatory decisions.Pipeline Development ActivitiesThe report provides insights into different therapeutic candidates in Phase II, and Phase III stage. It also analyses key players for CAR T-Cell Therapy for the treatment of Non-Hodgkin's lymphoma involved in developing targeted therapeutics. The report covers the detailed information of collaborations, acquisition and merger, licensing and patent details for Non-Hodgkin's lymphoma (NHL) emerging CAR T-Cell Therapies.Reimbursement ScenarioApproaching reimbursement proactively can have a positive impact both during the late stages of product development and well after product launch. In report we take reimbursement into consideration to identify economically attractive indications and market opportunities. When working with finite resources, the ability to select the markets with the fewest reimbursement barriers can be a critical business & price strategy.KOL - ViewsTo keep up with current market trends, we take KOLs and SME's opinion working in CAR T-Cell Therapy for Non-Hodgkin's lymphoma (NHL) domain through primary research to fill the data gaps and validate our secondary research. Their opinion helps to understand and validate current and emerging therapies treatment patterns or CAR T-Cell Therapy for Non-Hodgkin's lymphoma market trend. This will support the clients in potential upcoming novel treatment by identifying the overall scenario of the market and the unmet needs.Competitive Intelligence AnalysisThe publisher performs Competitive & Market Intelligence analysis of the CAR T-Cell Therapy for Non-Hodgkin's lymphoma Market by using various Competitive Intelligence tools that includes - SWOT analysis, PESTLE analysis, Porter's five forces, BCG Matrix, Market entry strategies etc. The inclusion of the analysis entirely depends upon the data availability.Scope of the Report The report covers the descriptive overview of CAR T-Cell Therapy for Non-Hodgkin's lymphoma (NHL), explaining causes, signs and symptoms, pathophysiology and currently available therapies for NHL and Comprehensive insight has been provided into the CAR T-Cell Therapy for Non-Hodgkin's lymphoma treatment in the US and EU5 Additionally, an all-inclusive account of both the current and emerging CAR T-Cell Therapies for Non-Hodgkin's lymphoma (NHL) are provided, along with the assessment of new therapies, which will have an impact on the current treatment landscape A detailed review of CAR T-Cell Therapy for Non-Hodgkin's lymphoma market; historical and forecasted is included in the report, covering drug outreach in the US and EU5 The report provides an edge while developing business strategies, by understanding trends shaping and driving the global CAR T-Cell Therapy for Non-Hodgkin's lymphoma market Report Highlights In the coming years, CAR T-Cell Therapy for Non-Hodgkin's lymphoma market is set to change due to the rising awareness of the disease, and incremental healthcare spending across the world; which would expand the size of the market to enable the therapy manufacturers to penetrate more into the market The companies and academics are working to assess challenges and seek opportunities that could influence CAR T-Cell Therapy for Non-Hodgkin's lymphoma (NHL) R&D. The therapies under development are focused on novel approaches to treat/improve the disease condition Major players are involved in developing CAR T-Cell Therapies for Non-Hodgkin's lymphoma (NHL). Launch of emerging therapies, will significantly impact the Non-Hodgkin's lymphoma market A better understanding of disease pathogenesis will also contribute to the development of novel therapeutics for CAR T-Cell Therapy for Non-Hodgkin's lymphoma (NHL) The in-depth analysis of the pipeline assets across different stages of development (Phase III and Phase II), different emerging trends and comparative analysis of pipeline products with detailed clinical profiles, key cross-competition, launch date along with product development activities will support the clients in the decision-making process regarding their therapeutic portfolio by identifying the overall scenario of the research and development activities Market Insights Therapeutic Approaches CAR T-Cell Therapy for Non-Hodgkin's lymphoma (NHL) Pipeline Analysis CAR T-Cell Therapy for Non-Hodgkin's lymphoma (NHL) Market Size and Trends Market Opportunities Impact of upcoming Therapies Key Strengths US and EU5 (France, Germany, Italy, Spain and United Kingdom) Coverage Key Cross Competition Highly Analyzed Market CAR T-cell Therapy Uptake Industry Assessment Current Treatment Practices Unmet Needs Pipeline Product Profiles Market Attractiveness Market Drivers and Barriers Key Questions Answered What was the CAR T-Cell Therapy for Non-Hodgkin's lymphoma Market share (%) distribution in 2017 and how it would look like in 2030? What would be the CAR T-Cell Therapy for Non-Hodgkin's lymphoma total market size as well as market size by therapies across the US and EU5 during the forecast period (2017-2030)? What are the key findings pertaining to the market across the US and EU5 and which country will have the largest CAR T-Cell Therapy for Non-Hodgkin's lymphoma market size during the forecast period (2017-2030)? At what CAGR, the CAR T-Cell Therapy for Non-Hodgkin's lymphoma market is expected to grow in the US and EU5 during the forecast period (2017-2030)? What would be the CAR T-Cell Therapy for Non-Hodgkin's lymphoma market outlook across the US and EU5 during the forecast period (2017-2030)? What would be the CAR T-Cell Therapy for Non-Hodgkin's lymphoma market growth till 2030 and what will be the resultant market size in the year 2030? How would the market drivers, barriers and future opportunities affect the market dynamics and a subsequent analysis of the associated trends? Companies Mentioned Novartis Gilead Sciences For more information about this report visit https://www.researchandmarkets.com/r/3ni2ff 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:
CAR T-Cell Therapy for Non-Hodgkin's Lymphoma | US & EU Market Sizes from 2017 to 2030, Details of Marketed & Emerging Therapies Kymriah (Novartis) & KTE-X19 (Gilead Sciences)
DUBLIN, April 17, 2020 /PRNewswire/ -- The "CAR T-Cell Therapy for Non-Hodgkin's lymphoma (NHL) - Market Insights and Market Forecast - 2030" report has been added to ResearchAndMarkets.com's offering. This report delivers an in-depth understanding of the CAR T-Cell Therapy for Non-Hodgkin's lymphoma (NHL) and market trends in the 6MM, i.e., United States and EU5 (Germany, Spain, Italy, France and United Kingdom).The report provides current treatment practices, emerging therapies, CAR T-Cell Therapy for Non-Hodgkin's lymphoma market share of the individual therapies, current and forecasted CAR T-Cell Therapy for Non-Hodgkin's lymphoma market size from 2017 to 2030 segmented by US and EU markets.The report also covers current CAR T-Cell Therapy for Non-Hodgkin's lymphoma treatment practice/algorithm, market drivers, market barriers and unmet medical needs to curate best of the opportunities and assesses underlying potential of the market.TreatmentIt covers the details of conventional and current medical therapies available as the CAR T-Cell Therapy in Non-Hodgkin's lymphoma market for the treatment of this condition. It also provides the country-wise treatment guidelines and algorithm across the United States and Europe.The CAR T-Cell Therapy for Non-Hodgkin's lymphoma market report gives a thorough understanding of CAR T-Cell Therapy for Non-Hodgkin's lymphoma (NHL) by including details such as disease definition, symptoms, causes, pathophysiology, and diagnosis. It also provides treatment algorithms and treatment guidelines for Non-Hodgkin's lymphoma (NHL) in the US and Europe.Drug ChaptersDrug chapter segment of the CAR T-Cell Therapy for Non-Hodgkin's lymphoma report encloses the detailed analysis of Non-Hodgkin's lymphoma marketed CAR T-Cell Therapies and late stage (Phase-III and Phase-II) pipeline therapies. It also helps to understand the CAR T-Cell Therapy for Non-Hodgkin's lymphoma (NHL) clinical trial details, expressive pharmacological action, agreements and collaborations, approval and patent details, advantages and disadvantages of each included therapy and the latest news and press releases.Marketed TherapiesKymriah (tisagenlecleucel): NovartisKymriah (tisagenlecleucel), formerly known as CTL019, is a prescription cancer treatment approved for the use in patients up to 25 years old who have r/r ALL that and adult patients with r/r large B-cell lymphoma after two or more lines of systemic therapy including DLBCL not otherwise specified, high grade B-cell lymphoma and DLBCL arising from follicular lymphoma.Emerging TherapiesKTE-X19: Gilead SciencesKTE-X19 is an investigational CD19 CAR T-cell therapy. KTE-X19 has the same construct as axicabtagene ciloleucel; however, the manufacturing process for KTE-X19 differs from that of axicabtagene ciloleucel and includes the enrichment of lymphocytes. Lymphocyte enrichment is necessary in certain B-cell malignancies for which KTE-X19 in under investigation. KTE-X19 is currently in Phase I/II trials in acute lymphoblastic leukemia (ALL) and chronic lymphocytic leukemia (CLL). And phase II in Relapsed/Refractory Mantle Cell Lymphoma.Market OutlookThe CAR T-Cell Therapy for Non-Hodgkin's lymphoma (NHL) market outlook of the report helps to build the detailed comprehension of the historic, current and forecasted Non-Hodgkin's lymphoma market trends by analyzing the impact of current CAR T-Cell Therapies on the market, unmet needs, drivers and barriers and demand of better technology.This segment gives a thorough detail of Non-Hodgkin's lymphoma market trend of each marketed CAR T-Cell Therapy and late-stage pipeline therapy by evaluating their impact based on annual cost of therapy, inclusion and exclusion criteria's, mechanism of action, compliance rate, growing need of the market, increasing patient pool, covered patient segment, expected launch year, competition with other therapies, brand value, their impact on the market and view of the key opinion leaders. The calculated market data are presented with relevant tables and graphs to give a clear view of the market at first sight.Therapies UptakeThis section focusses on the rate of uptake of the potential CAR T-Cell Therapies recently launched in the Non-Hodgkin's lymphoma market or expected to get launched in the market during the study period 2017-2030. The analysis covers Non-Hodgkin's lymphoma market uptake by CAR T-Cell Therapies; patient uptake by therapies; and sales of each therapy.This helps in understanding the CAR T-Cell Therapies with the most rapid uptake, reasons behind the maximal use of new therapies and allows the comparison of the therapies on the basis of market share and size which again will be useful in investigating factors important in market uptake and in making financial and regulatory decisions.Pipeline Development ActivitiesThe report provides insights into different therapeutic candidates in Phase II, and Phase III stage. It also analyses key players for CAR T-Cell Therapy for the treatment of Non-Hodgkin's lymphoma involved in developing targeted therapeutics. The report covers the detailed information of collaborations, acquisition and merger, licensing and patent details for Non-Hodgkin's lymphoma (NHL) emerging CAR T-Cell Therapies.Reimbursement ScenarioApproaching reimbursement proactively can have a positive impact both during the late stages of product development and well after product launch. In report we take reimbursement into consideration to identify economically attractive indications and market opportunities. When working with finite resources, the ability to select the markets with the fewest reimbursement barriers can be a critical business & price strategy.KOL - ViewsTo keep up with current market trends, we take KOLs and SME's opinion working in CAR T-Cell Therapy for Non-Hodgkin's lymphoma (NHL) domain through primary research to fill the data gaps and validate our secondary research. Their opinion helps to understand and validate current and emerging therapies treatment patterns or CAR T-Cell Therapy for Non-Hodgkin's lymphoma market trend. This will support the clients in potential upcoming novel treatment by identifying the overall scenario of the market and the unmet needs.Competitive Intelligence AnalysisThe publisher performs Competitive & Market Intelligence analysis of the CAR T-Cell Therapy for Non-Hodgkin's lymphoma Market by using various Competitive Intelligence tools that includes - SWOT analysis, PESTLE analysis, Porter's five forces, BCG Matrix, Market entry strategies etc. The inclusion of the analysis entirely depends upon the data availability.Scope of the Report The report covers the descriptive overview of CAR T-Cell Therapy for Non-Hodgkin's lymphoma (NHL), explaining causes, signs and symptoms, pathophysiology and currently available therapies for NHL and Comprehensive insight has been provided into the CAR T-Cell Therapy for Non-Hodgkin's lymphoma treatment in the US and EU5 Additionally, an all-inclusive account of both the current and emerging CAR T-Cell Therapies for Non-Hodgkin's lymphoma (NHL) are provided, along with the assessment of new therapies, which will have an impact on the current treatment landscape A detailed review of CAR T-Cell Therapy for Non-Hodgkin's lymphoma market; historical and forecasted is included in the report, covering drug outreach in the US and EU5 The report provides an edge while developing business strategies, by understanding trends shaping and driving the global CAR T-Cell Therapy for Non-Hodgkin's lymphoma market Report Highlights In the coming years, CAR T-Cell Therapy for Non-Hodgkin's lymphoma market is set to change due to the rising awareness of the disease, and incremental healthcare spending across the world; which would expand the size of the market to enable the therapy manufacturers to penetrate more into the market The companies and academics are working to assess challenges and seek opportunities that could influence CAR T-Cell Therapy for Non-Hodgkin's lymphoma (NHL) R&D. The therapies under development are focused on novel approaches to treat/improve the disease condition Major players are involved in developing CAR T-Cell Therapies for Non-Hodgkin's lymphoma (NHL). Launch of emerging therapies, will significantly impact the Non-Hodgkin's lymphoma market A better understanding of disease pathogenesis will also contribute to the development of novel therapeutics for CAR T-Cell Therapy for Non-Hodgkin's lymphoma (NHL) The in-depth analysis of the pipeline assets across different stages of development (Phase III and Phase II), different emerging trends and comparative analysis of pipeline products with detailed clinical profiles, key cross-competition, launch date along with product development activities will support the clients in the decision-making process regarding their therapeutic portfolio by identifying the overall scenario of the research and development activities Market Insights Therapeutic Approaches CAR T-Cell Therapy for Non-Hodgkin's lymphoma (NHL) Pipeline Analysis CAR T-Cell Therapy for Non-Hodgkin's lymphoma (NHL) Market Size and Trends Market Opportunities Impact of upcoming Therapies Key Strengths US and EU5 (France, Germany, Italy, Spain and United Kingdom) Coverage Key Cross Competition Highly Analyzed Market CAR T-cell Therapy Uptake Industry Assessment Current Treatment Practices Unmet Needs Pipeline Product Profiles Market Attractiveness Market Drivers and Barriers Key Questions Answered What was the CAR T-Cell Therapy for Non-Hodgkin's lymphoma Market share (%) distribution in 2017 and how it would look like in 2030? What would be the CAR T-Cell Therapy for Non-Hodgkin's lymphoma total market size as well as market size by therapies across the US and EU5 during the forecast period (2017-2030)? What are the key findings pertaining to the market across the US and EU5 and which country will have the largest CAR T-Cell Therapy for Non-Hodgkin's lymphoma market size during the forecast period (2017-2030)? At what CAGR, the CAR T-Cell Therapy for Non-Hodgkin's lymphoma market is expected to grow in the US and EU5 during the forecast period (2017-2030)? What would be the CAR T-Cell Therapy for Non-Hodgkin's lymphoma market outlook across the US and EU5 during the forecast period (2017-2030)? What would be the CAR T-Cell Therapy for Non-Hodgkin's lymphoma market growth till 2030 and what will be the resultant market size in the year 2030? How would the market drivers, barriers and future opportunities affect the market dynamics and a subsequent analysis of the associated trends? Companies Mentioned Novartis Gilead Sciences For more information about this report visit https://www.researchandmarkets.com/r/3ni2ff 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
edtsum7961
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: DARMSTADT, Germany--(BUSINESS WIRE)--Not intended for UK and U.S. based media Merck, a leading science and technology company, today announced a new analysis from the MAGNIFY-MS sub-study showing a specific immune repopulation pattern in patients with relapsing multiple sclerosis (RMS) treated with MAVENCLAD (cladribine tablets), which may contribute to their ability to fight infections and develop protective antibodies from vaccines. The data were presented at the 2021 American Academy of Neurology (AAN) Annual Meeting that was held virtually 17-22 April 2021. In the MAGNIFY-MS study, reduction of memory B cells occurred as early as one month after MAVENCLAD initiation with lowest levels sustained for up to 12 months, while nave B cells, which are typically required for the generation of antibody responses following vaccination, began recovering immediately. Previously shared data from MAGNIFY-MS indicated that patients receiving MAVENCLAD are able to mount responses to influenza and varicella zoster vaccines, irrespective of lymphocyte count. The findings presented at AAN further our understanding of how MAVENCLAD impacts the immune system, and how it may exert a therapeutic effect in patients with multiple sclerosis while repopulating cells which support immune responses, said Heinz Wiendl, MD, Department of Neurology with Institute of Translational Neurology, University of Muenster, Germany. These important data indicate that in addition to addressing MS relapses and progression, patients treated with MAVENCLAD may be able to simultaneously mount a proper vaccine response a particularly important finding at this time. In addition, a recent independent study conducted by Anat Achiron, MD, PhD, FAAN and colleagues, The Multiple Sclerosis Center at Sheba Medical Centre and Sackler School of Medicine Tel Aviv University, Israel, and recently published in Therapeutic Advances in Neurological Disorders, shows that patients who have taken MAVENCLAD were able to generate COVID-19 antibodies following the mRNA vaccine from Pfizer/BioNTech administered 4.4 months after last MAVENCLAD dosing. The observational analysis showed that all 23 relapsing-remitting MS patients treated with MAVENCLAD who received the Pfizer/BioNTech mRNA vaccine developed a protective SARS-COV-2 IgG antibody response [antibody titer >1.1 is considered positive; median=7.0], which was similar to the comparison group of MS patients not receiving any immunomodulatory treatments and healthy subjects. Humoral response to the COVID-19 vaccine was independent of lymphocyte count. These findings appeared unique to MAVENCLAD across other high-efficacy MS therapies. No unexpected safety findings post first and second dose of Pfizer/BioNTech COVID-19 vaccination were identified in MS patients, according to another recent publication in the Multiple Sclerosis Journal. Bringing MAVENCLAD-treated patients into a state where they can live their lives as normally as possible during a global pandemic is of utmost importance to us, said Danny Bar-Zohar, MD, Global Head of Development, Healthcare business of Merck. Beyond the convenient oral dosing schedule, proven efficacy, and well-characterized safety profile of MAVENCLAD, newly generated data now show encouraging initial evidence for these patients` ability to generate adequate antibody response to COVID-19 vaccination, which is so important for patients. The ability to mount an adequate immune response is critical as the COVID-19 pandemic impacts patients living with chronic disease around the world. As presented at AAN, and also published in MSaRD, an updated post-approval safety analysis provided a look at outcomes from cases of COVID-19 in MAVENCLAD-treated patients. The safety database analysis included cases of confirmed (n=160) or suspected (n=101) COVID-19 in MAVENCLAD-treated patients. Based on the analysis, the majority of patients had mild to moderate respiratory symptoms and none required mechanical ventilation. MAVENCLAD-treated patients had a similar disease course with COVID-19 compared with the general population who acquired COVID-19. About MAVENCLAD MAVENCLAD is a short-course oral therapy that selectively and periodically targets lymphocytes thought to be integral to the pathological process of relapsing MS (RMS). In August 2017, the European Commission (EC) granted marketing authorization for MAVENCLAD for the treatment of relapsing forms of multiple sclerosis (RMS) in the 28 countries of the European Union (EU) in addition to Norway, Liechtenstein and Iceland. MAVENCLAD has since then been approved in over 80 countries, including Canada, Australia and the U.S. Refer to the respective prescribing information for further details. The clinical development programme for cladribine tablets includes: In the two-year CLARITY study, the most commonly reported adverse event (AE) in patients treated with cladribine tablets was lymphopenia (26.7% with cladribine tablets and 1.8% for placebo). The incidence of infections was 48.3% with cladribine tablets and 42.5% with placebo, with 99.1% and 99.0% respectively rated mild-to-moderate by investigators. Adverse Events reported in other clinical studies were similar. About the MAGNIFY-MS sub-study The MAGNIFY-MS sub-study was conducted to evaluate the peripheral immune cell subset dynamics and repopulation patterns in the first 12 months of MAVENCLAD therapy in 57 patients. Absolute cell counts and percent change from baseline were assessed for adaptive immune cell subtypes and immunoglobulins. Results found that there is an early onset of action, with most B cell subtypes reaching nadir (or lowest achieved) levels by month two. T cell subtypes showed reductions at later time points (mainly between months three and six) and no changes were seen for other natural killer (NK) cell subtypes. Reduction in memory B cells was sustained to month 12; regulatory B cells recovered by month three, and then increased over baseline levels. About Multiple Sclerosis Multiple sclerosis (MS) is a chronic, inflammatory condition of the central nervous system and is the most common non-traumatic, disabling neurological disease in young adults. It is estimated that approximately 2.8 million people have MS worldwide. While symptoms can vary, the most common symptoms of MS include blurred vision, numbness or tingling in the limbs and problems with strength and coordination. The relapsing forms of MS are the most common. Merck in Neurology and Immunology Merck has a long-standing legacy in neurology and immunology, with significant R&D and commercial experience in multiple sclerosis (MS). The company`s current MS portfolio includes two products for the treatment of relapsing MS Rebif (interferon beta-1a) and MAVENCLAD (cladribine tablets). Merck aims to improve the lives of patients by addressing areas of unmet medical needs. In addition to Merck`s commitment to MS, the company also has a pipeline focusing on discovering new therapies that have potential in other neuroinflammatory and immune-mediated diseases, including systemic lupus erythematosus (SLE). All Merck Press Releases are distributed by email at the same time they become available on the Merck Website. Please go to www.merckgroup.com/subscribe to register online, change your selection or discontinue this service About Merck Merck, a leading science and technology company, operates across healthcare, life science and electronics. Around 58,000 employees work to make a positive difference to millions of peoples lives every day by creating more joyful and sustainable ways to live. From advancing gene-editing technologies and discovering unique ways to treat the most challenging diseases to enabling the intelligence of devices the company is everywhere. In 2020, Merck generated sales of 17.5 billion in 66 countries. Scientific exploration and responsible entrepreneurship have been key to Mercks technological and scientific advances. This is how Merck has thrived since its founding in 1668. The founding family remains the majority owner of the publicly listed company. Merck holds the global rights to the Merck name and brand. The only exceptions are the United States and Canada, where the business sectors of Merck operate as EMD Serono in healthcare, MilliporeSigma in life science and EMD Electronics. Answer:
Merck Announces New Data Strengthening Evidence for Continued Safe and Effective MAVENCLAD Use During the COVID-19 Pandemic New analysis indicates a specific immune repopulation pattern in people treated with MAVENCLAD, which may contribute to their ability to fight infections and develop protective antibodies from vaccines Independent study from Israel showed MAVENCLAD-treated patients receiving COVID-19 vaccine were able to mount antibody response similar to that of healthy subjects Updated safety data show MAVENCLAD-treated patients with confirmed or suspected COVID-19 continue to have a disease course similar to the general population
DARMSTADT, Germany--(BUSINESS WIRE)--Not intended for UK and U.S. based media Merck, a leading science and technology company, today announced a new analysis from the MAGNIFY-MS sub-study showing a specific immune repopulation pattern in patients with relapsing multiple sclerosis (RMS) treated with MAVENCLAD (cladribine tablets), which may contribute to their ability to fight infections and develop protective antibodies from vaccines. The data were presented at the 2021 American Academy of Neurology (AAN) Annual Meeting that was held virtually 17-22 April 2021. In the MAGNIFY-MS study, reduction of memory B cells occurred as early as one month after MAVENCLAD initiation with lowest levels sustained for up to 12 months, while nave B cells, which are typically required for the generation of antibody responses following vaccination, began recovering immediately. Previously shared data from MAGNIFY-MS indicated that patients receiving MAVENCLAD are able to mount responses to influenza and varicella zoster vaccines, irrespective of lymphocyte count. The findings presented at AAN further our understanding of how MAVENCLAD impacts the immune system, and how it may exert a therapeutic effect in patients with multiple sclerosis while repopulating cells which support immune responses, said Heinz Wiendl, MD, Department of Neurology with Institute of Translational Neurology, University of Muenster, Germany. These important data indicate that in addition to addressing MS relapses and progression, patients treated with MAVENCLAD may be able to simultaneously mount a proper vaccine response a particularly important finding at this time. In addition, a recent independent study conducted by Anat Achiron, MD, PhD, FAAN and colleagues, The Multiple Sclerosis Center at Sheba Medical Centre and Sackler School of Medicine Tel Aviv University, Israel, and recently published in Therapeutic Advances in Neurological Disorders, shows that patients who have taken MAVENCLAD were able to generate COVID-19 antibodies following the mRNA vaccine from Pfizer/BioNTech administered 4.4 months after last MAVENCLAD dosing. The observational analysis showed that all 23 relapsing-remitting MS patients treated with MAVENCLAD who received the Pfizer/BioNTech mRNA vaccine developed a protective SARS-COV-2 IgG antibody response [antibody titer >1.1 is considered positive; median=7.0], which was similar to the comparison group of MS patients not receiving any immunomodulatory treatments and healthy subjects. Humoral response to the COVID-19 vaccine was independent of lymphocyte count. These findings appeared unique to MAVENCLAD across other high-efficacy MS therapies. No unexpected safety findings post first and second dose of Pfizer/BioNTech COVID-19 vaccination were identified in MS patients, according to another recent publication in the Multiple Sclerosis Journal. Bringing MAVENCLAD-treated patients into a state where they can live their lives as normally as possible during a global pandemic is of utmost importance to us, said Danny Bar-Zohar, MD, Global Head of Development, Healthcare business of Merck. Beyond the convenient oral dosing schedule, proven efficacy, and well-characterized safety profile of MAVENCLAD, newly generated data now show encouraging initial evidence for these patients` ability to generate adequate antibody response to COVID-19 vaccination, which is so important for patients. The ability to mount an adequate immune response is critical as the COVID-19 pandemic impacts patients living with chronic disease around the world. As presented at AAN, and also published in MSaRD, an updated post-approval safety analysis provided a look at outcomes from cases of COVID-19 in MAVENCLAD-treated patients. The safety database analysis included cases of confirmed (n=160) or suspected (n=101) COVID-19 in MAVENCLAD-treated patients. Based on the analysis, the majority of patients had mild to moderate respiratory symptoms and none required mechanical ventilation. MAVENCLAD-treated patients had a similar disease course with COVID-19 compared with the general population who acquired COVID-19. About MAVENCLAD MAVENCLAD is a short-course oral therapy that selectively and periodically targets lymphocytes thought to be integral to the pathological process of relapsing MS (RMS). In August 2017, the European Commission (EC) granted marketing authorization for MAVENCLAD for the treatment of relapsing forms of multiple sclerosis (RMS) in the 28 countries of the European Union (EU) in addition to Norway, Liechtenstein and Iceland. MAVENCLAD has since then been approved in over 80 countries, including Canada, Australia and the U.S. Refer to the respective prescribing information for further details. The clinical development programme for cladribine tablets includes: In the two-year CLARITY study, the most commonly reported adverse event (AE) in patients treated with cladribine tablets was lymphopenia (26.7% with cladribine tablets and 1.8% for placebo). The incidence of infections was 48.3% with cladribine tablets and 42.5% with placebo, with 99.1% and 99.0% respectively rated mild-to-moderate by investigators. Adverse Events reported in other clinical studies were similar. About the MAGNIFY-MS sub-study The MAGNIFY-MS sub-study was conducted to evaluate the peripheral immune cell subset dynamics and repopulation patterns in the first 12 months of MAVENCLAD therapy in 57 patients. Absolute cell counts and percent change from baseline were assessed for adaptive immune cell subtypes and immunoglobulins. Results found that there is an early onset of action, with most B cell subtypes reaching nadir (or lowest achieved) levels by month two. T cell subtypes showed reductions at later time points (mainly between months three and six) and no changes were seen for other natural killer (NK) cell subtypes. Reduction in memory B cells was sustained to month 12; regulatory B cells recovered by month three, and then increased over baseline levels. About Multiple Sclerosis Multiple sclerosis (MS) is a chronic, inflammatory condition of the central nervous system and is the most common non-traumatic, disabling neurological disease in young adults. It is estimated that approximately 2.8 million people have MS worldwide. While symptoms can vary, the most common symptoms of MS include blurred vision, numbness or tingling in the limbs and problems with strength and coordination. The relapsing forms of MS are the most common. Merck in Neurology and Immunology Merck has a long-standing legacy in neurology and immunology, with significant R&D and commercial experience in multiple sclerosis (MS). The company`s current MS portfolio includes two products for the treatment of relapsing MS Rebif (interferon beta-1a) and MAVENCLAD (cladribine tablets). Merck aims to improve the lives of patients by addressing areas of unmet medical needs. In addition to Merck`s commitment to MS, the company also has a pipeline focusing on discovering new therapies that have potential in other neuroinflammatory and immune-mediated diseases, including systemic lupus erythematosus (SLE). All Merck Press Releases are distributed by email at the same time they become available on the Merck Website. Please go to www.merckgroup.com/subscribe to register online, change your selection or discontinue this service About Merck Merck, a leading science and technology company, operates across healthcare, life science and electronics. Around 58,000 employees work to make a positive difference to millions of peoples lives every day by creating more joyful and sustainable ways to live. From advancing gene-editing technologies and discovering unique ways to treat the most challenging diseases to enabling the intelligence of devices the company is everywhere. In 2020, Merck generated sales of 17.5 billion in 66 countries. Scientific exploration and responsible entrepreneurship have been key to Mercks technological and scientific advances. This is how Merck has thrived since its founding in 1668. The founding family remains the majority owner of the publicly listed company. Merck holds the global rights to the Merck name and brand. The only exceptions are the United States and Canada, where the business sectors of Merck operate as EMD Serono in healthcare, MilliporeSigma in life science and EMD Electronics.
edtsum7962
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 17, 2020 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today provided an update on its global operations in response to the continued spread of COVID-19. The health and safety of its associates, customers, and suppliers is the top priority for the Company. In light of the rapidly evolving situation, Foot Locker, Inc. will temporarily close its stores across all of its brands in North America, EMEA, and Malaysia from March 17 through March 31 that includes Foot Locker, Lady Foot Locker, Kids Foot Locker, Footaction, Champs Sports, Runners Point, and Sidestep. The rest of the Company's locations in the Asia Pacific region, which include Hong Kong, Singapore, Australia and New Zealand will remain open subject to direction from local and national governments. Customers can continue to shop online through our websites and mobile apps across all of the Company's brands and regions. Due to the rapidly evolving market conditions domestically and internationally, the Company is withdrawing the full-year 2020 guidance issued on the Fourth Quarter earnings call on February 28.The Company will provide an updated outlook on its First Quarter earnings call. "The decision to close our stores was a difficult but necessary one," said Richard Johnson, Foot Locker, Inc.'s Chairman and Chief Executive Officer. "The well-being of our associates and the communities where we live and work, is of the utmost importance to us.When the time comes to re-open our stores as a place to inspire and empower youth culture, our store teams will be prepared to engage and deliver great customer experiences. During this time period, we will continue to pay our highly-valued store associates." Foot Locker, Inc. leads sneaker and youth culture around the globe through a portfolio of brands including Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, Footaction, Runners Point, and Sidestep. With 3,129 retail stores in 27 countries across North America, Europe, Asia, Australia, and New Zealand, as well as websites and mobile apps, the Company's purpose is to inspire and empower youth culture around the world, by fueling a shared passion for self-expression and creating unrivaled experiences at the heart of the global sneaker community.Foot Locker, Inc. has its corporate headquarters in New York. For additional information please visit www.footlocker-inc.com. Disclosure Regarding Forward-Looking Statements This report contains forward-looking statements within the meaning of the federal securities laws. Other than statements of historical facts, all statements which address activities, events, or developments that the Company anticipates will or may occur in the future, including, but not limited to, such things as future capital expenditures, expansion, strategic plans, financial objectives, dividend payments, stock repurchases, growth of the Company's business and operations, including future cash flows, revenues, and earnings, and other such matters, are forward-looking statements. These forward-looking statements are based on many assumptions and factors which are detailed in the Company's filings with the U.S. Securities and Exchange Commission. These forward-looking statements are based largely on our expectations and judgments and are subject to a number of risks and uncertainties, many of which are unforeseeable and beyond our control. For additional discussion on risks and uncertainties that may affect forward-looking statements, see "Risk Factors" disclosed in the 2018 Annual Report on Form 10-K. Any changes in such assumptions or factors could produce significantly different results. The Company undertakes no obligation to update forward-looking statements, whether as a result of new information, future events, or otherwise. Contact: James R. LanceVice President, Corporate Finance and Investor RelationsFoot Locker, Inc.(212) 720-4600 SOURCE Foot Locker, Inc. Related Links http://www.footlocker-inc.com Answer:
Foot Locker, Inc. Provides Business Update On COVID-19
NEW YORK, March 17, 2020 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today provided an update on its global operations in response to the continued spread of COVID-19. The health and safety of its associates, customers, and suppliers is the top priority for the Company. In light of the rapidly evolving situation, Foot Locker, Inc. will temporarily close its stores across all of its brands in North America, EMEA, and Malaysia from March 17 through March 31 that includes Foot Locker, Lady Foot Locker, Kids Foot Locker, Footaction, Champs Sports, Runners Point, and Sidestep. The rest of the Company's locations in the Asia Pacific region, which include Hong Kong, Singapore, Australia and New Zealand will remain open subject to direction from local and national governments. Customers can continue to shop online through our websites and mobile apps across all of the Company's brands and regions. Due to the rapidly evolving market conditions domestically and internationally, the Company is withdrawing the full-year 2020 guidance issued on the Fourth Quarter earnings call on February 28.The Company will provide an updated outlook on its First Quarter earnings call. "The decision to close our stores was a difficult but necessary one," said Richard Johnson, Foot Locker, Inc.'s Chairman and Chief Executive Officer. "The well-being of our associates and the communities where we live and work, is of the utmost importance to us.When the time comes to re-open our stores as a place to inspire and empower youth culture, our store teams will be prepared to engage and deliver great customer experiences. During this time period, we will continue to pay our highly-valued store associates." Foot Locker, Inc. leads sneaker and youth culture around the globe through a portfolio of brands including Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, Footaction, Runners Point, and Sidestep. With 3,129 retail stores in 27 countries across North America, Europe, Asia, Australia, and New Zealand, as well as websites and mobile apps, the Company's purpose is to inspire and empower youth culture around the world, by fueling a shared passion for self-expression and creating unrivaled experiences at the heart of the global sneaker community.Foot Locker, Inc. has its corporate headquarters in New York. For additional information please visit www.footlocker-inc.com. Disclosure Regarding Forward-Looking Statements This report contains forward-looking statements within the meaning of the federal securities laws. Other than statements of historical facts, all statements which address activities, events, or developments that the Company anticipates will or may occur in the future, including, but not limited to, such things as future capital expenditures, expansion, strategic plans, financial objectives, dividend payments, stock repurchases, growth of the Company's business and operations, including future cash flows, revenues, and earnings, and other such matters, are forward-looking statements. These forward-looking statements are based on many assumptions and factors which are detailed in the Company's filings with the U.S. Securities and Exchange Commission. These forward-looking statements are based largely on our expectations and judgments and are subject to a number of risks and uncertainties, many of which are unforeseeable and beyond our control. For additional discussion on risks and uncertainties that may affect forward-looking statements, see "Risk Factors" disclosed in the 2018 Annual Report on Form 10-K. Any changes in such assumptions or factors could produce significantly different results. The Company undertakes no obligation to update forward-looking statements, whether as a result of new information, future events, or otherwise. Contact: James R. LanceVice President, Corporate Finance and Investor RelationsFoot Locker, Inc.(212) 720-4600 SOURCE Foot Locker, Inc. Related Links http://www.footlocker-inc.com
edtsum7963
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 13, 2020 /PRNewswire/ --On July 15, 2020, Josh Hotsenpiller, CEO of JUNO will host the company's first exclusive fireside chat on "Why Connection is the New King." He will be joined by industry leaders Don Neal, Founder and CEO at 360 Live Media, and Robb Lee, Chief Marketing and Communications officer at ASAE. JUNO, an industry-disrupting new live and on-demand software platform, is set to launch on August 15, 2020. This interactive experience will be a great opportunity for attendees and leaders of member-based organizations to get a unique look at the platform. Continue Reading JUNO JUNO is the only all-in-one, live, and on-demand learning and engagement platform. Organizations are able to optimize traditional live events into a 365-day experience for their members. JUNO technology utilizes the four human motivators to engage users and maximize the value of their experience: connection, gamification, business growth, and ongoing learning. Conference organizations across the globe are desperately looking for ways to connect and relate to their audiences today. The simple answer is to generate content to keep members engaged, but that isn't enough. At the same time, the current state of virtual experiences are stale and don't enable a valuable exchange of ideas between members. Josh, Robb, and Don will speak on three key areas: content overload, connection deficiencies, and creative plateaus.Over the last decade, Josh Hotsenpillar has been a successful pastor and launched 3 software companies. He has consulted with organizations like HP, UNICEF, VISA, Network of Executive Women, and more. Robb Lee is responsible for leading and managing all of the activities within ASAE's Communications Group. He has more than 25 years of experience in creating, developing, implementing, evaluating, and managing national and international multi-media branding, advertising, and public relations campaigns. His guidance has influenced products represented by organizations such as Mitsubishi, GEICO, Post Cereals, Kraft/General Foods Coffees, and government clients. Don Neal founded 360 Live Media, the nation's premier full-service experience design and marketing agency, catering to associations and live events. 360 Live Media represents many of the world's most admired associations: The American Heart Association (AHA) and The Consumer Bankers Association (CBA).By registering for the live event on Wednesday, July 15, 2020, you'll also get to network with other attendees and gain access to JUNO's content library featuring panel discussions and content based on your organizational role and interests. Register today: http://junolive-7770798.hs-sites.com/webinar-connection-is-king-july-15-2020Media Contact:Desiree Bergman661-246-7447[emailprotected] SOURCE JUNO Answer:
Move Over Content, Connection is King
SAN DIEGO, July 13, 2020 /PRNewswire/ --On July 15, 2020, Josh Hotsenpiller, CEO of JUNO will host the company's first exclusive fireside chat on "Why Connection is the New King." He will be joined by industry leaders Don Neal, Founder and CEO at 360 Live Media, and Robb Lee, Chief Marketing and Communications officer at ASAE. JUNO, an industry-disrupting new live and on-demand software platform, is set to launch on August 15, 2020. This interactive experience will be a great opportunity for attendees and leaders of member-based organizations to get a unique look at the platform. Continue Reading JUNO JUNO is the only all-in-one, live, and on-demand learning and engagement platform. Organizations are able to optimize traditional live events into a 365-day experience for their members. JUNO technology utilizes the four human motivators to engage users and maximize the value of their experience: connection, gamification, business growth, and ongoing learning. Conference organizations across the globe are desperately looking for ways to connect and relate to their audiences today. The simple answer is to generate content to keep members engaged, but that isn't enough. At the same time, the current state of virtual experiences are stale and don't enable a valuable exchange of ideas between members. Josh, Robb, and Don will speak on three key areas: content overload, connection deficiencies, and creative plateaus.Over the last decade, Josh Hotsenpillar has been a successful pastor and launched 3 software companies. He has consulted with organizations like HP, UNICEF, VISA, Network of Executive Women, and more. Robb Lee is responsible for leading and managing all of the activities within ASAE's Communications Group. He has more than 25 years of experience in creating, developing, implementing, evaluating, and managing national and international multi-media branding, advertising, and public relations campaigns. His guidance has influenced products represented by organizations such as Mitsubishi, GEICO, Post Cereals, Kraft/General Foods Coffees, and government clients. Don Neal founded 360 Live Media, the nation's premier full-service experience design and marketing agency, catering to associations and live events. 360 Live Media represents many of the world's most admired associations: The American Heart Association (AHA) and The Consumer Bankers Association (CBA).By registering for the live event on Wednesday, July 15, 2020, you'll also get to network with other attendees and gain access to JUNO's content library featuring panel discussions and content based on your organizational role and interests. Register today: http://junolive-7770798.hs-sites.com/webinar-connection-is-king-july-15-2020Media Contact:Desiree Bergman661-246-7447[emailprotected] SOURCE JUNO
edtsum7964
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 "Swine Feed Premix Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The swine feed premix market is projected to register a CAGR of 3.1% during the forecast period. Companies Mentioned Key Market Trends Increasing Demand for High-Value Animal Protein According to FAO, the production quantity of pig meat rose sharply from 119 million metric tons in 2016 to 120 million metric tons in 2018, while the number of pigs slaughtered also increased from 1,481.2 million to 1,484.5 million heads, in order to meet the rising demand for swine meat. Due to a decline in the prices of meat and meat products, developing countries are embarking on high-quantity meat consumption at much lower levels of the gross domestic product than the industrialized countries 2-3 decades ago. Urbanization also contributes actively to the increased demand for pork meat. Compared to the diet in rural areas, cities have varied diets rich in animal proteins and fats. Premixes are an important part of the expanding swine meat production industry. They help in improving the rate of weight gain, disease prevention, and conversion in swine, thus, enhancing the quality of meat production. The demand for low-cost meat with a greater nutritional value is a driving factor in the market. Asia Pacific is the Largest Market Asia-Pacific accounted for a share of more than 33.60% of the market studied in 2019, and it is forecast to register a CAGR of 3.6% over the forecast period. In India, pork is cheaper than other meat sources that are driving the growth of the swine population in the country. Factors such as a large middle-class population, growing disposable income, and changing consumer preferences are levitating the pork demand in the country. In Japan, according to Japan's Ministry of Agriculture, Forestry, and Fisheries (MAFF) after successive years of decline in swine population, there has been significant growth of swine numbers in 2019 and were recorded at 853,100 head, highest since 2015 and there is a growth of 4% over the previous year. The USDA estimates that the increased food services will push the pork consumption in the country in 2020, and that is anticipated the rise in the consumption of swine feed and, in turn, drive the Japanese feed premix market. However, the varying swine meat prices across various countries in the region is still boosting swine production in the country which in turn boosts the sale of swine feed premixes in the upcoming years. Key Topics Covered: 1 INTRODUCTION 1.1 Study Assumptions and Market Definition 1.2 Scope of the Study 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET DYNAMICS 4.1 Market Overview 4.2 Market Drivers 4.3 Market Restraints 4.4 Porter's Five Forces Analysis 5 MARKET SEGMENTATION 5.1 Type 5.2 Geography 5.2.1 North America 5.2.2 Europe 5.2.3 Asia-Pacific 5.2.4 South America 5.2.5 Africa 6 COMPETITIVE LANDSCAPE 6.1 Most Adopted Strategies 6.2 Market Share Analysis 6.3 Company Profiles 7 MARKET OPPORTUNITIES AND FUTURE TRENDS 8 An assessment of impact of covid-19 on the market For more information about this report visit https://www.researchandmarkets.com/r/jpg2mm Answer:
Worldwide Swine Feed Premix Industry to 2025 - Increasing Demand for High-Value Animal Protein - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Swine Feed Premix Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The swine feed premix market is projected to register a CAGR of 3.1% during the forecast period. Companies Mentioned Key Market Trends Increasing Demand for High-Value Animal Protein According to FAO, the production quantity of pig meat rose sharply from 119 million metric tons in 2016 to 120 million metric tons in 2018, while the number of pigs slaughtered also increased from 1,481.2 million to 1,484.5 million heads, in order to meet the rising demand for swine meat. Due to a decline in the prices of meat and meat products, developing countries are embarking on high-quantity meat consumption at much lower levels of the gross domestic product than the industrialized countries 2-3 decades ago. Urbanization also contributes actively to the increased demand for pork meat. Compared to the diet in rural areas, cities have varied diets rich in animal proteins and fats. Premixes are an important part of the expanding swine meat production industry. They help in improving the rate of weight gain, disease prevention, and conversion in swine, thus, enhancing the quality of meat production. The demand for low-cost meat with a greater nutritional value is a driving factor in the market. Asia Pacific is the Largest Market Asia-Pacific accounted for a share of more than 33.60% of the market studied in 2019, and it is forecast to register a CAGR of 3.6% over the forecast period. In India, pork is cheaper than other meat sources that are driving the growth of the swine population in the country. Factors such as a large middle-class population, growing disposable income, and changing consumer preferences are levitating the pork demand in the country. In Japan, according to Japan's Ministry of Agriculture, Forestry, and Fisheries (MAFF) after successive years of decline in swine population, there has been significant growth of swine numbers in 2019 and were recorded at 853,100 head, highest since 2015 and there is a growth of 4% over the previous year. The USDA estimates that the increased food services will push the pork consumption in the country in 2020, and that is anticipated the rise in the consumption of swine feed and, in turn, drive the Japanese feed premix market. However, the varying swine meat prices across various countries in the region is still boosting swine production in the country which in turn boosts the sale of swine feed premixes in the upcoming years. Key Topics Covered: 1 INTRODUCTION 1.1 Study Assumptions and Market Definition 1.2 Scope of the Study 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET DYNAMICS 4.1 Market Overview 4.2 Market Drivers 4.3 Market Restraints 4.4 Porter's Five Forces Analysis 5 MARKET SEGMENTATION 5.1 Type 5.2 Geography 5.2.1 North America 5.2.2 Europe 5.2.3 Asia-Pacific 5.2.4 South America 5.2.5 Africa 6 COMPETITIVE LANDSCAPE 6.1 Most Adopted Strategies 6.2 Market Share Analysis 6.3 Company Profiles 7 MARKET OPPORTUNITIES AND FUTURE TRENDS 8 An assessment of impact of covid-19 on the market For more information about this report visit https://www.researchandmarkets.com/r/jpg2mm
edtsum7965
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: LAKE BUENA VISTA, Fla., Dec. 8, 2020 /PRNewswire/ -- Florida-basedLegacy Vacation Resorts (LVR) has recently been on a journey of growth and learning, spending time and resources behind the scenes to become a Certified B Corporation. 'B Corps' are businesses that voluntarily meet the highest standards of social and environmental performance, public transparency and legal accountability to balance profit and purpose through third-party review.However, many of the changes happening at the company were invisible to the everyday guest things like carbon offsetting, a living wage initiative, waste reduction and an income advanceand savings program for workers.Now, to honor the journey behind the scenes, a refreshed visual appearance of the brand and properties will call attention to the work accomplished and bring their passion for crafting a mindful travel experience center stage. Certified B Corporation Legacy Vacation Resorts utilizes their eight resorts across four states to create positive impact for social and environmental causes. "This is so much more than a rebrand, it is more like a reset," said Jared Meyers, Chairman and CEO of LVR. "This should not be perceived as the same company with some new font and a different color scheme it is meant to be evidence of an evolution and that we have truly changed what we stand for. At the core of everything we do is an inherent motivation to be the best for the world and all people, to use our business as a force for good." The new logo, signage, refreshed digital experience and brand videowill catch the eye of visitors differently than before, acting as a beacon of the company's mission to serve social and environmental impact causes and a shared prosperity. The reimagining will also act as a way to educate guests through visual mechanisms, hopefully inspiring them with the message and growing a desire to support values-driven companies in their day-to-day lives. The 'new' LVR will embody what the future of tourism represents. Travelers in a post-COVID world will want their experiences and companies they support to have a positive impact on the world. They will also want assurances that accommodation providers have health and safety top of mind. Being a B Corp means that LVR can meet these desires with one of the highest levels of trust a business can deliver. Despite being among one of the industries hardest hit by COVID, LVR continued to take action instead of suspending programs that positively impacted their communities. As tourism rebuilds, the company hopes to serve as a model of success when a values-driven mission is adopted and show principles like justice, equity, diversity and inclusion should be addressed consistently. "My wish is for LVR to be a steward of the regenerative travel movement, existing to help travelers enjoy a vacation experience that understands interdependence and interconnectedness," Meyers continued. "This initiative will not only help us accomplish that goal, but also showcase our commitment to people and the planet and share the enthusiasm we have for those efforts with our guests."In addition to being a Certified B Corporation, LVR is the only multi-state hotel company to be a member of 1% For The Planet, a global movement which inspires businesses to support environmental solutions by donating 1% of their revenue to charity. The company is also a proud partner of Conscious Capitalism, which maintains that when practiced consciously, business innately elevates humanity.Building upon the momentum of the regenerative travel movement and the evolution of his brand, Meyers is working to create B Tourism, a global network of B Corp travel and tourism companies as well as other conscious travel organizations that take collective action for environmental and social justice. The network will make it easier than ever for consumers seeking conscious travel options as they plan vacations that align with their values.ABOUT LEGACY VACATION RESORTSLegacy Vacation Resorts provides vacation experiences for families and friends to create unique moments and lasting memoriesin a manner that respects the environment, employees and community.The company boasts eight locations across Florida, New Jersey, Colorado and Nevada, delivering a variety of options for travelers of all ages. To learn more, visit https://www.legacyvacationresorts.com. MEDIA CONTACT:Lorin Augeri[emailprotected]954.815.2156SOURCE Legacy Vacation Resorts Related Links https://www.legacyvacationresorts.com Answer:
Florida-based Hospitality Company Evolves the Values-Driven Vacation
LAKE BUENA VISTA, Fla., Dec. 8, 2020 /PRNewswire/ -- Florida-basedLegacy Vacation Resorts (LVR) has recently been on a journey of growth and learning, spending time and resources behind the scenes to become a Certified B Corporation. 'B Corps' are businesses that voluntarily meet the highest standards of social and environmental performance, public transparency and legal accountability to balance profit and purpose through third-party review.However, many of the changes happening at the company were invisible to the everyday guest things like carbon offsetting, a living wage initiative, waste reduction and an income advanceand savings program for workers.Now, to honor the journey behind the scenes, a refreshed visual appearance of the brand and properties will call attention to the work accomplished and bring their passion for crafting a mindful travel experience center stage. Certified B Corporation Legacy Vacation Resorts utilizes their eight resorts across four states to create positive impact for social and environmental causes. "This is so much more than a rebrand, it is more like a reset," said Jared Meyers, Chairman and CEO of LVR. "This should not be perceived as the same company with some new font and a different color scheme it is meant to be evidence of an evolution and that we have truly changed what we stand for. At the core of everything we do is an inherent motivation to be the best for the world and all people, to use our business as a force for good." The new logo, signage, refreshed digital experience and brand videowill catch the eye of visitors differently than before, acting as a beacon of the company's mission to serve social and environmental impact causes and a shared prosperity. The reimagining will also act as a way to educate guests through visual mechanisms, hopefully inspiring them with the message and growing a desire to support values-driven companies in their day-to-day lives. The 'new' LVR will embody what the future of tourism represents. Travelers in a post-COVID world will want their experiences and companies they support to have a positive impact on the world. They will also want assurances that accommodation providers have health and safety top of mind. Being a B Corp means that LVR can meet these desires with one of the highest levels of trust a business can deliver. Despite being among one of the industries hardest hit by COVID, LVR continued to take action instead of suspending programs that positively impacted their communities. As tourism rebuilds, the company hopes to serve as a model of success when a values-driven mission is adopted and show principles like justice, equity, diversity and inclusion should be addressed consistently. "My wish is for LVR to be a steward of the regenerative travel movement, existing to help travelers enjoy a vacation experience that understands interdependence and interconnectedness," Meyers continued. "This initiative will not only help us accomplish that goal, but also showcase our commitment to people and the planet and share the enthusiasm we have for those efforts with our guests."In addition to being a Certified B Corporation, LVR is the only multi-state hotel company to be a member of 1% For The Planet, a global movement which inspires businesses to support environmental solutions by donating 1% of their revenue to charity. The company is also a proud partner of Conscious Capitalism, which maintains that when practiced consciously, business innately elevates humanity.Building upon the momentum of the regenerative travel movement and the evolution of his brand, Meyers is working to create B Tourism, a global network of B Corp travel and tourism companies as well as other conscious travel organizations that take collective action for environmental and social justice. The network will make it easier than ever for consumers seeking conscious travel options as they plan vacations that align with their values.ABOUT LEGACY VACATION RESORTSLegacy Vacation Resorts provides vacation experiences for families and friends to create unique moments and lasting memoriesin a manner that respects the environment, employees and community.The company boasts eight locations across Florida, New Jersey, Colorado and Nevada, delivering a variety of options for travelers of all ages. To learn more, visit https://www.legacyvacationresorts.com. MEDIA CONTACT:Lorin Augeri[emailprotected]954.815.2156SOURCE Legacy Vacation Resorts Related Links https://www.legacyvacationresorts.com
edtsum7966
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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., Nov. 16, 2020 /PRNewswire/ --Seafarer Exploration Corp. (OTCQB: SFRX) Seafarer is pleased to announce that it has received fully executed permits from the Florida Department of Environmental Protection ("FDEP") and the U.S. Army Corps of Engineers ("USACOE"), completing a realignment requested by the Florida Bureau of Archaeological Research ("FBAR"). The new FDEP permit is valid for 5 years, expiring on June 11th, 2025. The FDEP permit has been renewed with the Sovereignty Submerged Lands Cultural Resource Recovery Easement and recorded with the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida. The USACOE permit has been updated to reflect the name Seafarer's Quest, LLC and the two corresponding FBAR permit numbers 2014.04 and 2016.05. The USACOE permit is valid for an additional 5 years, expiring on June 29th, 2025. Kyle Kennedy, CEO of Seafarer, stated "We are exuberant to have received these permits this week after 4 months of not being allowed to disturb the bottom. However, during this time, we were able to continue testing and scanning with the SeaSearcher, work on maintenance for our fleet, and continue to research current and potential future sites. With these permits in hand we can now resume our investigation of our main site at full speed." Mr. Kennedy continued by commenting "The SeaSearcher technology, while still experimental, has given us the ability to validate, identify, and localize sub-bottom objects. This is a major step forward from our previous search techniques. Given the SeaSearcher now has a 4 month lead on our dive teams in scanning, we have a lot of work to do this fall to explore all of the targets that have been identified." Mr. Kennedy finished by saying "The entire team is super excited about November and December. We are also thankful to be past COVID lock-downs, permit alignments, and the most active hurricane season on record." About Seafarer Exploration: Seafarer Exploration Corp. is a publicly traded underwater salvage and exploration company traded under the symbol SFRX. The principal business of the company is to develop the infrastructure necessary to engage in the archaeologically-sensitive research, documentation, exploration, recovery, and conservation of historic shipwrecks. The company has secured multiple sites it believes contain historic and valuable shipwrecks. The company will use accepted archaeological methods to properly document, research and recover portions of the wrecks. Seafarer employs scientists and historians and is committed to preserving the cultural and historical significance of every wreck it finds.www.seafarercorp.com. Disclaimer: The press release may include certain statements that are not descriptions of historical facts but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, and other forward-looking terminology such as ''may,'' ''expects," ''believes,'' ''anticipates,'' ''intends,'' ''projects," or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that was reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectation and actual results may vary (perhaps materially) from certain of the results anticipated herein. Media Contact:Kyle Kennedy(813) 448-3577 SOURCE Seafarer Exploration Corp. Related Links http://www.seafarercorp.com Answer:
Permits for Seafarer
TAMPA, Fla., Nov. 16, 2020 /PRNewswire/ --Seafarer Exploration Corp. (OTCQB: SFRX) Seafarer is pleased to announce that it has received fully executed permits from the Florida Department of Environmental Protection ("FDEP") and the U.S. Army Corps of Engineers ("USACOE"), completing a realignment requested by the Florida Bureau of Archaeological Research ("FBAR"). The new FDEP permit is valid for 5 years, expiring on June 11th, 2025. The FDEP permit has been renewed with the Sovereignty Submerged Lands Cultural Resource Recovery Easement and recorded with the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida. The USACOE permit has been updated to reflect the name Seafarer's Quest, LLC and the two corresponding FBAR permit numbers 2014.04 and 2016.05. The USACOE permit is valid for an additional 5 years, expiring on June 29th, 2025. Kyle Kennedy, CEO of Seafarer, stated "We are exuberant to have received these permits this week after 4 months of not being allowed to disturb the bottom. However, during this time, we were able to continue testing and scanning with the SeaSearcher, work on maintenance for our fleet, and continue to research current and potential future sites. With these permits in hand we can now resume our investigation of our main site at full speed." Mr. Kennedy continued by commenting "The SeaSearcher technology, while still experimental, has given us the ability to validate, identify, and localize sub-bottom objects. This is a major step forward from our previous search techniques. Given the SeaSearcher now has a 4 month lead on our dive teams in scanning, we have a lot of work to do this fall to explore all of the targets that have been identified." Mr. Kennedy finished by saying "The entire team is super excited about November and December. We are also thankful to be past COVID lock-downs, permit alignments, and the most active hurricane season on record." About Seafarer Exploration: Seafarer Exploration Corp. is a publicly traded underwater salvage and exploration company traded under the symbol SFRX. The principal business of the company is to develop the infrastructure necessary to engage in the archaeologically-sensitive research, documentation, exploration, recovery, and conservation of historic shipwrecks. The company has secured multiple sites it believes contain historic and valuable shipwrecks. The company will use accepted archaeological methods to properly document, research and recover portions of the wrecks. Seafarer employs scientists and historians and is committed to preserving the cultural and historical significance of every wreck it finds.www.seafarercorp.com. Disclaimer: The press release may include certain statements that are not descriptions of historical facts but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, and other forward-looking terminology such as ''may,'' ''expects," ''believes,'' ''anticipates,'' ''intends,'' ''projects," or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that was reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectation and actual results may vary (perhaps materially) from certain of the results anticipated herein. Media Contact:Kyle Kennedy(813) 448-3577 SOURCE Seafarer Exploration Corp. Related Links http://www.seafarercorp.com
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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: SUZHOU,China, Jan. 26, 2021 /PRNewswire/ -- GCL System Integration Technology Co. Ltd("GCLSI " or "the Company")(Shenzhen:002506), a leading photovoltaics(PV) company inChina,announced on January 21 that it successfully raised 2.5 billion yuan ($US386 million) through a private placement offering, which will accelerate the implementation of the Company's "dual-core business(photovoltaic and semiconductor)" strategy. In a report on non-public issuance of shares disclosed by GCLSI on January 21, it shows the Company issued 773,230,764 A-shares at a price of 3.25 yuan (50 cents) per share in a non-public offering, with a total amount of 2.513 billion yuan ($US386 million) raised. After the completion of this non-public issuance of shares, the Company's total assets and net assets will increase and debt-to-asset ratio will decrease, which will help reduce the company's financial risks therefore enhancing the company's ability to resist risks, optimize the company's financial structure, and provide a guarantee for the company's sustainable development. The report indicates that the private placement was issued to 14 investors consisting of private shareholders as well aslocal government platforms and well-known investment organizations. Among them, JIC Capital Management made the largest subscription of shares with a total amount of 1 billion yuan ($US154 million). Hefei Dongcheng Industry Investment Co., Ltd and Peixian Economic Development Zone Development Co., Ltd. purchased 800 million yuan ($US124 million) and 200 million yuan ($US31 million) in shares, respectively. GCLSI Board Secretary Ma Junjian pointed out: "This kind of subscription from local government related platforms and well-known investment organizations reflects strong confidence in the Company's future development, which will accelerate the implementation of the GCL's dual core(photovoltaic and semiconductor) business strategy. Our aim is to create competitive differentiation, so GCL is accelerating the construction of photovoltaic cell and module bases, while at the same time actively increasing research and development of new technologies such as heterojunction technology(HJT) solar cells and laminated perovskite cells." Last December, GCLSI launched a production base for PV modules inHefei, capital of Anhui Province with a total investment of18 billion yuan(about $US2.75 billion). The production base will be built in four stages between 2020 and 2023, with the first 15GW capacity now under construction. Upon completion of the project, GCLSI will have the world's largest module production capacity. SOURCE GCLSI Answer:
GCLSI Successfully Raises CNY2.5 billion ($US386 million) through Private Placement Share Offering USA - English USA - English Espaa - espaol France - Franais
SUZHOU,China, Jan. 26, 2021 /PRNewswire/ -- GCL System Integration Technology Co. Ltd("GCLSI " or "the Company")(Shenzhen:002506), a leading photovoltaics(PV) company inChina,announced on January 21 that it successfully raised 2.5 billion yuan ($US386 million) through a private placement offering, which will accelerate the implementation of the Company's "dual-core business(photovoltaic and semiconductor)" strategy. In a report on non-public issuance of shares disclosed by GCLSI on January 21, it shows the Company issued 773,230,764 A-shares at a price of 3.25 yuan (50 cents) per share in a non-public offering, with a total amount of 2.513 billion yuan ($US386 million) raised. After the completion of this non-public issuance of shares, the Company's total assets and net assets will increase and debt-to-asset ratio will decrease, which will help reduce the company's financial risks therefore enhancing the company's ability to resist risks, optimize the company's financial structure, and provide a guarantee for the company's sustainable development. The report indicates that the private placement was issued to 14 investors consisting of private shareholders as well aslocal government platforms and well-known investment organizations. Among them, JIC Capital Management made the largest subscription of shares with a total amount of 1 billion yuan ($US154 million). Hefei Dongcheng Industry Investment Co., Ltd and Peixian Economic Development Zone Development Co., Ltd. purchased 800 million yuan ($US124 million) and 200 million yuan ($US31 million) in shares, respectively. GCLSI Board Secretary Ma Junjian pointed out: "This kind of subscription from local government related platforms and well-known investment organizations reflects strong confidence in the Company's future development, which will accelerate the implementation of the GCL's dual core(photovoltaic and semiconductor) business strategy. Our aim is to create competitive differentiation, so GCL is accelerating the construction of photovoltaic cell and module bases, while at the same time actively increasing research and development of new technologies such as heterojunction technology(HJT) solar cells and laminated perovskite cells." Last December, GCLSI launched a production base for PV modules inHefei, capital of Anhui Province with a total investment of18 billion yuan(about $US2.75 billion). The production base will be built in four stages between 2020 and 2023, with the first 15GW capacity now under construction. Upon completion of the project, GCLSI will have the world's largest module production capacity. SOURCE GCLSI
edtsum7968
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: FREDERICK, Md., April 20, 2021 /PRNewswire/ --Brandman University,an institutionknown for its innovative programs and student support services for adult learners, has extended its partnership with Regent Educationto further enrich its student financial aid experience and student financial aid planning. The University recently deployed Regent Plan,which provides informed planning, smart borrowing, and improved support to help students borrow responsibly and minimize debt while completing degree programs. It also has selected Regent Award for Salesforce the only higher ed financial aid app on Salesforce AppExchange to enable its enrollment and student-success teams to access key financial aid insights to aid in student recruiting and advising, respectively. Regent Education Brandman University's robust online and on-campus programs are designed to support non-traditional students who need to pursue their studies on their own schedules. It is in support of these non-traditional enrollment programs that Brandman originally partnered with Regent, the only independent provider of financial aid automation solutions for institutions offering non-traditional enrollment models. Thanks to Regent's automation of Brandman's semester-based and non-term CBE programs, instead of focusing on unnecessary workarounds, financial aid staff members are now free to deliver the personalized support that a community of students from diverse backgrounds with diverse needs requires. With the additions of Regent Plan and Regent Award for Salesforce, Brandman will further enrich its support services and, ultimately, its student experience. "At Brandman, we have focused on providing students assistance at each stage of their academic careers. This includes Enrollment and One-Stop advising to support students' financial aid journeys," indicated Gary Brahm, Chancellor of Brandman University. "Regent's automated planning tools and integration with our enrollment- and student-advising Salesforce tools provide a valuable extension of financial aid planning and visibility to ensure our students successfully progress through their programs.""Regent's financial aid automation across any enrollment model should extend to the student and counselor. By providing a range of tools, including dynamic borrowing comparisons and insightful CRM integration with Salesforce, the Regent Suite can enhance markedly the range of student financial aid support our clients can provide," said Jim Hermens, Chief Executive Officer at Regent Education. In October, Brandman rolled out Regent Award for Salesforce, providing key financial aid indicators into the CRM, and deployed Regent Plan in February across the entire student, One-Stop, and Enrollment-Advisor populations.About Brandman UniversityBrandman University is a private, nonprofit institution accredited by the WASC Senior College and University Commission. As part of the Chapman University System, Brandman blends a legacy of academic excellence with innovative programs and support services designed for students with busy schedules. The university offers more than 80 undergraduate, graduate, credential and certificate programs. Brandman serves about 24,000 students, more than 14,000 of whom enroll in academic credit programs at 25 physical campuses in California and Washington as well as online. Brandman offers fully online courses for students anywhere in the United States and for military personnel serving abroad. For additional information, visit https://www.brandman.edu/.About Regent EducationRegent Education is a leading provider of SaaS solutions that simplify the financial aid process for higher education institutions offering traditional and nontraditional enrollment models. Regent offers a suite of solutions encompassing the automation of financial aid management, verification processes, student financial planning, and state financial aid application. Regent's financial aid management solutions offer institutions an unprecedented ability to automate the financial aid process to increase efficiency, mitigate compliance risks, expand enrollment, improve the student experience, and enhance financial management and financial aid lifecycle visibility. To learn more about Regent Education, visit https://regenteducation.com.ContactRegent EducationDiane Eves, Marketing Director(301) 662-5592 or [emailprotected]SOURCE Regent Education Related Links http://regenteducation.com Answer:
Brandman University extends its partnership with Regent Education to further enrich its student financial aid experience.
FREDERICK, Md., April 20, 2021 /PRNewswire/ --Brandman University,an institutionknown for its innovative programs and student support services for adult learners, has extended its partnership with Regent Educationto further enrich its student financial aid experience and student financial aid planning. The University recently deployed Regent Plan,which provides informed planning, smart borrowing, and improved support to help students borrow responsibly and minimize debt while completing degree programs. It also has selected Regent Award for Salesforce the only higher ed financial aid app on Salesforce AppExchange to enable its enrollment and student-success teams to access key financial aid insights to aid in student recruiting and advising, respectively. Regent Education Brandman University's robust online and on-campus programs are designed to support non-traditional students who need to pursue their studies on their own schedules. It is in support of these non-traditional enrollment programs that Brandman originally partnered with Regent, the only independent provider of financial aid automation solutions for institutions offering non-traditional enrollment models. Thanks to Regent's automation of Brandman's semester-based and non-term CBE programs, instead of focusing on unnecessary workarounds, financial aid staff members are now free to deliver the personalized support that a community of students from diverse backgrounds with diverse needs requires. With the additions of Regent Plan and Regent Award for Salesforce, Brandman will further enrich its support services and, ultimately, its student experience. "At Brandman, we have focused on providing students assistance at each stage of their academic careers. This includes Enrollment and One-Stop advising to support students' financial aid journeys," indicated Gary Brahm, Chancellor of Brandman University. "Regent's automated planning tools and integration with our enrollment- and student-advising Salesforce tools provide a valuable extension of financial aid planning and visibility to ensure our students successfully progress through their programs.""Regent's financial aid automation across any enrollment model should extend to the student and counselor. By providing a range of tools, including dynamic borrowing comparisons and insightful CRM integration with Salesforce, the Regent Suite can enhance markedly the range of student financial aid support our clients can provide," said Jim Hermens, Chief Executive Officer at Regent Education. In October, Brandman rolled out Regent Award for Salesforce, providing key financial aid indicators into the CRM, and deployed Regent Plan in February across the entire student, One-Stop, and Enrollment-Advisor populations.About Brandman UniversityBrandman University is a private, nonprofit institution accredited by the WASC Senior College and University Commission. As part of the Chapman University System, Brandman blends a legacy of academic excellence with innovative programs and support services designed for students with busy schedules. The university offers more than 80 undergraduate, graduate, credential and certificate programs. Brandman serves about 24,000 students, more than 14,000 of whom enroll in academic credit programs at 25 physical campuses in California and Washington as well as online. Brandman offers fully online courses for students anywhere in the United States and for military personnel serving abroad. For additional information, visit https://www.brandman.edu/.About Regent EducationRegent Education is a leading provider of SaaS solutions that simplify the financial aid process for higher education institutions offering traditional and nontraditional enrollment models. Regent offers a suite of solutions encompassing the automation of financial aid management, verification processes, student financial planning, and state financial aid application. Regent's financial aid management solutions offer institutions an unprecedented ability to automate the financial aid process to increase efficiency, mitigate compliance risks, expand enrollment, improve the student experience, and enhance financial management and financial aid lifecycle visibility. To learn more about Regent Education, visit https://regenteducation.com.ContactRegent EducationDiane Eves, Marketing Director(301) 662-5592 or [emailprotected]SOURCE Regent Education Related Links http://regenteducation.com
edtsum7969
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: SUNNYVALE, Calif., Jan. 27, 2021 /PRNewswire/ --Playvox, the leading CRM-connected omnichannel contact center provider of agent optimization solutions, today announced a $25 million funding round from Five Elms Capital and the acquisition of Agyle Time, a provider of cloud-native, digital-first workforce management (WFM) software for contact centers. In 2020, market demand for the Playvox platform drove an increase in active users by more than 400 percent and new enterprise customers by 75 percent. Playvox currently servesover 200 customers in 34 countries, including Dropbox, Electronic Arts, and Wish, who rely on the platform to create a continuous learning and growth environment that empowers employees to deliver customer experiences that create raving fans and brand loyalty. "The rapid growth we experienced last year coupled with our ability to maintain consistently high customer satisfaction validates our vision and product/market fit," shared Oscar Giraldo, founder and CEO of Playvox. "We enter 2021 bolstered by strong momentum from new funding and a strategic acquisition. This positions us for continued growth." "Playvox has been instrumental to us quickly implementing an agent-centric approach to customer service quality that improves how we interact with and meet customer expectations," said Felipe Mendona, Customer Experience Process Supervisor at Nubank, the largest Fintech in Latin America. "This funding round strengthens Playvox's unique culture of partnering with customers to deliver innovative, human-centered solutions." "The pandemic accelerated the digital transformation in contact centers.Workforce Optimization applications, which include omnichannel recording,quality management (QM), workforce management, speech/text analytics,analytics-enabled QM and other applications to optimize and engageemployees and customers are essential for contact centers. Contact centersneed to apply these solutions to digital and self-service channels, just asthey have to voice interactions, if they want to deliver an outstandingcustomer experience consistently, noted Donna Fluss, President of DMGConsulting. Five Elms Capitalled the recent funding round reflecting the firm's confidence in Playvox's ability to execute on its vision of becoming theleader in the cloud-native, digital-first workforce optimization (WFO) market. "We are thrilled to continue supporting the Playvox team in its mission to provide innovative, cloud-based solutions to its global base of enterprise contact center customers," said Ryan Mandl, Managing Director at Five Elms Capital. "Playvox continues to deliver extraordinary products, add renowned brands to its customer base, and attract exceptional executives because of its company values and culture. We are excited to partner with the Agyle Time team, and believe the combination cements Playvox as the leading cloud provider of workforce optimization solutions for the modern contact center." The acquisition of Agyle Time combines two complementary high-growth SaaS solution providers that specialize in transformative tools for the CRM-centered omnichannel contact center. Agyle Time delivers an innovative, cost-effective cloud-native solution that enables contact centers to intelligently forecast, schedule, and monitor their workforces in real-time. Combined with the Playvox agent optimization suite, customers now have access to a cloud-native, digital-first Workforce Optimization (WFO) platform deployable in days/weeks, unlike legacy WFO solutions that require months/years. "Playvox's Quality Management System (QMS) is a key building block for our global operations. The collaborative nature of their team and willingness to understand and address specific needs are core assets to our relationship, and one of the primary reasons we picked Playvox's QMS," said Ori Dugary, Senior Director, Service Operations at Twitter. "We are excited to explore Agyle Time as part of the Playvox solutions. Agyle Time enables a more holistic view of operations. It has the potential for just-in-time insights as well as resource forecasting capabilities that can make a significant impact on our operations." "Agyle Time fills a critical need in contact centers to efficiently schedule the right skills across all engagement channels to provide exceptional customer experiences with a quickly deployable cloud-native, digital-first workforce management (WFM) solution," said Seb Wortley, CEO and co-founder at Agyle Time. "Joining Playvox was a strategic decision because it enables us to expand our solution and grow with a partner that shares our values, culture, and vision." "2020 was a great year highlighted by our Agyle Time and Trainbox acquisitions and continued support by Five Elms Capital," added Giraldo. "With this cash infusion, Playvox will expand the expertise within all functions of our operations, including product development, engineering, sales, customer success, and marketing, to accelerate go-to-market activities in the global workforce optimization market." To learn more about the acquisition and how it improves contact center workforce optimization, join Playvox's webinar on February 2, 2021 at 10a EST and 4p EST. Register here. Social Networks: Web: https://www.playvox.com Blog: https://blog.playvox.com/ Twitter: https://twitter.com/playvoxcx LinkedIn: https://www.linkedin.com/company/playvox/ Facebook: https://www.facebook.com/playvox/ Instagram: https://www.instagram.com/playvox.cx/ About Playvox: Playvox equips modern businesses and BPOs with the most comprehensive, collaborative, and insightful customer service agent optimization software suite for quality assurance, performance management, coaching, learning, voice of the customer, recognition, and agent motivation. Our automated and centralized solutions integrate with popular platforms, including Zendesk, Salesforce, Talkdesk, Freshdesk, RingCentral, LiveChat, Kustomer, HelpScout, Helpshift, Genesys, Slack, and Intercom. Playvox empowers agents, team leaders, QA analysts, and managers with the tools and real-time intelligence needed to improve the customer experience and improve revenue generation within hours for progressive, customer-centric organizations of all sizes. Learn more at www.playvox.com. Media Contact: Bryon Thomas Playvox +1 305-981-6652 [emailprotected] SOURCE Playvox Related Links http://www.playvox.com Answer:
Playvox Caps Record-Breaking Year with Acquisition of Agyle Time Workforce Management and Additional $25 Million Funding Raise Acquisition marks creation of the world's first Workforce Optimization suite purpose-built for the digital-first customer engagement center
SUNNYVALE, Calif., Jan. 27, 2021 /PRNewswire/ --Playvox, the leading CRM-connected omnichannel contact center provider of agent optimization solutions, today announced a $25 million funding round from Five Elms Capital and the acquisition of Agyle Time, a provider of cloud-native, digital-first workforce management (WFM) software for contact centers. In 2020, market demand for the Playvox platform drove an increase in active users by more than 400 percent and new enterprise customers by 75 percent. Playvox currently servesover 200 customers in 34 countries, including Dropbox, Electronic Arts, and Wish, who rely on the platform to create a continuous learning and growth environment that empowers employees to deliver customer experiences that create raving fans and brand loyalty. "The rapid growth we experienced last year coupled with our ability to maintain consistently high customer satisfaction validates our vision and product/market fit," shared Oscar Giraldo, founder and CEO of Playvox. "We enter 2021 bolstered by strong momentum from new funding and a strategic acquisition. This positions us for continued growth." "Playvox has been instrumental to us quickly implementing an agent-centric approach to customer service quality that improves how we interact with and meet customer expectations," said Felipe Mendona, Customer Experience Process Supervisor at Nubank, the largest Fintech in Latin America. "This funding round strengthens Playvox's unique culture of partnering with customers to deliver innovative, human-centered solutions." "The pandemic accelerated the digital transformation in contact centers.Workforce Optimization applications, which include omnichannel recording,quality management (QM), workforce management, speech/text analytics,analytics-enabled QM and other applications to optimize and engageemployees and customers are essential for contact centers. Contact centersneed to apply these solutions to digital and self-service channels, just asthey have to voice interactions, if they want to deliver an outstandingcustomer experience consistently, noted Donna Fluss, President of DMGConsulting. Five Elms Capitalled the recent funding round reflecting the firm's confidence in Playvox's ability to execute on its vision of becoming theleader in the cloud-native, digital-first workforce optimization (WFO) market. "We are thrilled to continue supporting the Playvox team in its mission to provide innovative, cloud-based solutions to its global base of enterprise contact center customers," said Ryan Mandl, Managing Director at Five Elms Capital. "Playvox continues to deliver extraordinary products, add renowned brands to its customer base, and attract exceptional executives because of its company values and culture. We are excited to partner with the Agyle Time team, and believe the combination cements Playvox as the leading cloud provider of workforce optimization solutions for the modern contact center." The acquisition of Agyle Time combines two complementary high-growth SaaS solution providers that specialize in transformative tools for the CRM-centered omnichannel contact center. Agyle Time delivers an innovative, cost-effective cloud-native solution that enables contact centers to intelligently forecast, schedule, and monitor their workforces in real-time. Combined with the Playvox agent optimization suite, customers now have access to a cloud-native, digital-first Workforce Optimization (WFO) platform deployable in days/weeks, unlike legacy WFO solutions that require months/years. "Playvox's Quality Management System (QMS) is a key building block for our global operations. The collaborative nature of their team and willingness to understand and address specific needs are core assets to our relationship, and one of the primary reasons we picked Playvox's QMS," said Ori Dugary, Senior Director, Service Operations at Twitter. "We are excited to explore Agyle Time as part of the Playvox solutions. Agyle Time enables a more holistic view of operations. It has the potential for just-in-time insights as well as resource forecasting capabilities that can make a significant impact on our operations." "Agyle Time fills a critical need in contact centers to efficiently schedule the right skills across all engagement channels to provide exceptional customer experiences with a quickly deployable cloud-native, digital-first workforce management (WFM) solution," said Seb Wortley, CEO and co-founder at Agyle Time. "Joining Playvox was a strategic decision because it enables us to expand our solution and grow with a partner that shares our values, culture, and vision." "2020 was a great year highlighted by our Agyle Time and Trainbox acquisitions and continued support by Five Elms Capital," added Giraldo. "With this cash infusion, Playvox will expand the expertise within all functions of our operations, including product development, engineering, sales, customer success, and marketing, to accelerate go-to-market activities in the global workforce optimization market." To learn more about the acquisition and how it improves contact center workforce optimization, join Playvox's webinar on February 2, 2021 at 10a EST and 4p EST. Register here. Social Networks: Web: https://www.playvox.com Blog: https://blog.playvox.com/ Twitter: https://twitter.com/playvoxcx LinkedIn: https://www.linkedin.com/company/playvox/ Facebook: https://www.facebook.com/playvox/ Instagram: https://www.instagram.com/playvox.cx/ About Playvox: Playvox equips modern businesses and BPOs with the most comprehensive, collaborative, and insightful customer service agent optimization software suite for quality assurance, performance management, coaching, learning, voice of the customer, recognition, and agent motivation. Our automated and centralized solutions integrate with popular platforms, including Zendesk, Salesforce, Talkdesk, Freshdesk, RingCentral, LiveChat, Kustomer, HelpScout, Helpshift, Genesys, Slack, and Intercom. Playvox empowers agents, team leaders, QA analysts, and managers with the tools and real-time intelligence needed to improve the customer experience and improve revenue generation within hours for progressive, customer-centric organizations of all sizes. Learn more at www.playvox.com. Media Contact: Bryon Thomas Playvox +1 305-981-6652 [emailprotected] SOURCE Playvox Related Links http://www.playvox.com
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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 6, 2020 /PRNewswire/ --Jewish Communal Fund (JCF), the largest and most active Jewish donor advised fund in the country, acted quickly to approve emergency coronavirus-related grants totaling $1 million through its endowment, the JCF Special Gifts Fund. This injection of funding will be earmarked for food delivery for low-income New Yorkers, cash assistance and social services for single parents and Holocaust survivors, and thousands of Passover meals to go. Continue Reading Jewish Communal Fund donates $1 million to coronavirus relief efforts The JCF Special Gifts Fund Committee selected the grantee charities with the assistance of UJA-Federation of New York, which is serving at the forefront of coronavirus (COVID-19) emergency response efforts and has already pledged $34 million to help respond to the physical, mental and financial needs resulting from the coronavirus pandemic. "It's our privilege and responsibility to step up and provide immediate support to vulnerable members of our community to weather this storm, including those facing food insecurity and elderly Holocaust survivors," said Daniel Blaser, Chair of Jewish Communal Fund's Charitable Distribution/Special Gifts Fund Committee. "We're grateful to our community of Fundholders who, in giving through JCF, have enabled JCF to act quickly and make these significant grants from its endowment with the help and expertise of our friends at UJA."Since 1999, the Board of Trustees of the Jewish Communal Fund has granted more than $19 million to support programs that promote the welfare and security of the Jewish community at home and abroad. The latest JCF Special Gifts Fund Grantees include: $500,000 to theMetropolitan Council on Jewish Poverty to provide emergency food delivery for low-income seniors Thanks to JCF's support, over 6,000 seniors who previously relied on food pantries and senior centersas well as those newly in needwill receive 40 pounds of food delivered over the next three months. $250,000toUJA-Federation of New York's Community Initiative for Holocaust Survivors to provide critical services for Holocaust Survivors JCF's support will help provide a range of services for elderly Holocaust Survivors, including emergency food deliveries, mental health resources, and transportation for home health aides. $150,000 to theUJA-Federation of New York to provide thousands of Passover Seder Meals to Go With the canceling of free and highly subsidized communal seders due to coronavirus, many people who are newly financially vulnerable due to job or income loss, as well as those who rely on communal seders, are facing the financial stress of purchasing Passover food and making their own seder. JCF's grant will cover the cost of thousands of free seder meals. $50,000to UJA-Federation of New York's Single Parent Initiative to provide emergency cash assistance for single parents Job loss can be particularly devastating in single-parent households. JCF's funding will provide emergency cash assistance of up to $1,500 for single parents affiliated with six JCC's that serve this population. $50,000to Dorot's University Without Walls which connects seniors to educational programs using their telephone JCF's grant will help hundreds of seniors, many of whom are isolated at home due to coronavirus, to connect to educational programs on a variety of topics by phone. Jewish Communal Fundis one of the largest networks of Jewish funders, managing $2 billion in charitable assets for more than 4,100 donor advised funds. JCF's donor advised funds make giving easy, flexible and efficient. Learn more about JCF by visitingwww.jcfny.org. VisitJCFonLinkedIn, Facebook, andTwitter.MEDIA CONTACT:Tamar Snyder [emailprotected]212-752-8277SOURCE Jewish Communal Fund Related Links http://www.jcfny.org Answer:
Jewish Communal Fund Announces $1 Million in Emergency Coronavirus Response Grants In the wake of the coronavirus outbreak, JCF acts quickly to provide much-needed funds from its endowment for food delivery, cash assistance and social services for low-income New Yorkers, as well as Passover meals to go
NEW YORK, April 6, 2020 /PRNewswire/ --Jewish Communal Fund (JCF), the largest and most active Jewish donor advised fund in the country, acted quickly to approve emergency coronavirus-related grants totaling $1 million through its endowment, the JCF Special Gifts Fund. This injection of funding will be earmarked for food delivery for low-income New Yorkers, cash assistance and social services for single parents and Holocaust survivors, and thousands of Passover meals to go. Continue Reading Jewish Communal Fund donates $1 million to coronavirus relief efforts The JCF Special Gifts Fund Committee selected the grantee charities with the assistance of UJA-Federation of New York, which is serving at the forefront of coronavirus (COVID-19) emergency response efforts and has already pledged $34 million to help respond to the physical, mental and financial needs resulting from the coronavirus pandemic. "It's our privilege and responsibility to step up and provide immediate support to vulnerable members of our community to weather this storm, including those facing food insecurity and elderly Holocaust survivors," said Daniel Blaser, Chair of Jewish Communal Fund's Charitable Distribution/Special Gifts Fund Committee. "We're grateful to our community of Fundholders who, in giving through JCF, have enabled JCF to act quickly and make these significant grants from its endowment with the help and expertise of our friends at UJA."Since 1999, the Board of Trustees of the Jewish Communal Fund has granted more than $19 million to support programs that promote the welfare and security of the Jewish community at home and abroad. The latest JCF Special Gifts Fund Grantees include: $500,000 to theMetropolitan Council on Jewish Poverty to provide emergency food delivery for low-income seniors Thanks to JCF's support, over 6,000 seniors who previously relied on food pantries and senior centersas well as those newly in needwill receive 40 pounds of food delivered over the next three months. $250,000toUJA-Federation of New York's Community Initiative for Holocaust Survivors to provide critical services for Holocaust Survivors JCF's support will help provide a range of services for elderly Holocaust Survivors, including emergency food deliveries, mental health resources, and transportation for home health aides. $150,000 to theUJA-Federation of New York to provide thousands of Passover Seder Meals to Go With the canceling of free and highly subsidized communal seders due to coronavirus, many people who are newly financially vulnerable due to job or income loss, as well as those who rely on communal seders, are facing the financial stress of purchasing Passover food and making their own seder. JCF's grant will cover the cost of thousands of free seder meals. $50,000to UJA-Federation of New York's Single Parent Initiative to provide emergency cash assistance for single parents Job loss can be particularly devastating in single-parent households. JCF's funding will provide emergency cash assistance of up to $1,500 for single parents affiliated with six JCC's that serve this population. $50,000to Dorot's University Without Walls which connects seniors to educational programs using their telephone JCF's grant will help hundreds of seniors, many of whom are isolated at home due to coronavirus, to connect to educational programs on a variety of topics by phone. Jewish Communal Fundis one of the largest networks of Jewish funders, managing $2 billion in charitable assets for more than 4,100 donor advised funds. JCF's donor advised funds make giving easy, flexible and efficient. Learn more about JCF by visitingwww.jcfny.org. VisitJCFonLinkedIn, Facebook, andTwitter.MEDIA CONTACT:Tamar Snyder [emailprotected]212-752-8277SOURCE Jewish Communal Fund Related Links http://www.jcfny.org
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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--(BUSINESS WIRE)--Orion Engineered Carbons S.A. (NYSE: OEC), a global supplier of specialty and high-performance carbon black, today announced its fourth quarter and full year 2020 financial results. Fourth Quarter 2020 Highlights Full Year 2020 Highlights 1 See below for a reconciliation of non-GAAP financial measures to the most directly comparable U.S. GAAP measures The year 2020 represented an enormous test for the global Orion team and our business. We met the challenge with fortitude and resilience. Our team's disciplined adherence to our COVID-19 protocols resulted in no workplace transmissions. They were also nimble, improving customer response times while managing through demand swings. We advanced our ESG efforts by stepping up community support, upgrading co-generation, and increasing board independence and diversity. We successfully navigated 2020 and finished strong, with fourth quarter Adjusted EBITDA exceeding prior year levels and reflecting strong profitability levels. This performance was led by strong specialty volume trends and a solid quarter in our rubber business, said Corning Painter, Orions chief executive officer. Mr. Painter continued, When demand was low, we took the opportunity to invest in the reliability of our facilities to ensure that we emerge from this period a stronger company. Throughout the year, we also supported the communities we are privileged to operate within by donating materials to help with pandemic-related needs, and supporting those team members affected by hurricanes in the U.S. These actions in concert with advancing our sustainability strategy are core to our values. In 2021, we will maintain a focus on driving shareholder value through continuing to be responsive to our customers needs, advancing our sustainability business goals and investing in select, high-return strategic initiatives to bolster our short and longer-term earnings growth potential. Fourth Quarter 2020 Overview ORION ENGINEERED CARBONS ($ in millions, except per share data or stated otherwise) Q4 2020 Q4 2019 Y/Y Change in % Volume (kmt) 237.8 233.5 1.8 Net sales 315.7 322.4 (2.1) Income from Operations (EBIT) 25.6 32.6 (21.6) Net Income 8.9 19.0 (53.0) Contribution Margin 139.5 125.6 11.1 Contribution Margin per metric ton 586.8 538.0 9.1 Adjusted EBITDA 66.0 63.2 4.4 Basic EPS (1) $0.15 $0.32 $(0.17) Adjusted EPS (2) $0.40 $0.42 $(0.02) Notes: (1) Basic EPS calculated using Net Income and weighted number of shares outstanding in the respective quarter. (2) Adjusted EPS is calculated by dividing Adjusted Net Income by the weighted average number of shares outstanding in the respective quarter. Adjusted Net income excludes certain non-cash items such as foreign exchange rate impacts and long-term incentive plan expenses, and non-recurring items which we do not believe are indicative of our core operating performance such as restructuring and EPA-related expenses. The reconciliation of Adjusted EPS is provided in the Reconciliation of Non-GAAP Financial Measures of the Press Release. Volumes increased by 1.8%, year over year, on strong demand in the Specialty Carbon Black (Specialties) segment driven by the EMEA and Asia regions partially offset by lower Rubber Carbon Black (Rubber) volumes. Net sales declined by $6.7 million, or 2.1%, to $315.7 million, year over year, driven primarily by the effects of passing through lower feedstock costs to customers partially offset by increased volumes and base prices. Income from operations declined by $7.0 million, or 21.6%, to $25.6 million, year over year, primarily due to restructuring expenses partially offset by the continued recovery of end market demand and favorable product mix in the Specialties business. Restructuring costs reflected a higher reserve related to post closure costs associated with the site of our former rubber manufacturing facility in Ambes, France. Net Income declined $10.1 million to $8.9 million from $19.0 million in the fourth quarter of 2019 principally due to the combination of higher restructuring costs, foreign exchange, and pension-related costs, year over year. Contribution Margin improved by $13.9 million, or 11.1%, to $139.5 million, year over year, primarily driven by Specialties volume strength and higher Rubber base pricing partially offset by the effects of passing lower feedstock costs through to customers. Adjusted EBITDA increased by $2.8 million, or 4.4% to $66.0 million, year over year, primarily due to improvements in volumes and base pricing partially offset by higher fixed costs and the impact of lower feedstock costs. Quarterly Business Segment Results SPECIALTY CARBON BLACK ($ in millions, except per share data or stated otherwise) Q4 2020 Q4 2019 Y/Y Change in % Volume (kmt) 65.4 56.8 15.0 Net sales 127.4 114.8 11.0 Gross Profit 47.7 43.2 10.2 Gross Profit/metric ton 728.9 760.7 (4.2) Adjusted EBITDA 38.9 31.8 22.4 Adjusted EBITDA/metric ton 594.8 559.0 6.4 Adjusted EBITDA Margin (%) 30.5 27.7 280bps Specialties volumes increased by 15.0%, year over year, primarily in EMEA and Asia, and rose 11.3%, sequentially, reflecting the continuation of a broad-based recovery across most end markets, with polymers particularly strong. Net sales improved by $12.7 million, or 11.0%, to $127.4 million, year over year, and rose 22.9% sequentially, driven by higher volumes and favorable product mix partially offset by the effects of lower feedstock costs passed through to customers. Specialty Adjusted EBITDA rose by $7.1 million, or 22.4%, to $38.9 million, year over year, and rose by $12.4 million, or 46.9%, sequentially, driven by improved volume and favorable mix, partially offset by higher fixed costs. RUBBER CARBON BLACK ($ in millions, except per share data or stated otherwise) Q4 2020 Q4 2019 Y/Y Change in % Volume (kmt) 172.4 176.7 (2.4) Net sales 188.3 207.7 (9.3) Gross Profit 41.4 45.8 (9.6) Gross Profit/metric ton 240.0 259.0 (7.3) Adjusted EBITDA 27.1 31.4 (13.8) Adjusted EBITDA/metric ton 157.0 177.8 (11.7) Adjusted EBITDA Margin (%) 14.4 15.1 (-70)bps Rubber Carbon Black volumes declined by 2.4%, year over year, primarily due to the continued global economic impact on demand from tire customers resulting from COVID-19. The year over year volume decline also includes the impact of our 2019 commercial strategy which emphasized raising price over volume. Net sales declined by $19.4 million, or 9.3%, to $188.3 million, year over year, primarily due to passing through lower feedstock costs to customers and, to a lesser extent, lower volumes, partially offset by base price increases. Rubber Adjusted EBITDA decreased by $4.3 million, or 13.8%, to $27.1 million, year over year, driven by higher fixed costs and the impact of lower feedstock costs. Balance Sheet and Liquidity As of December 31, 2020, the company had liquidity of $341.6 million, including cash and equivalents of $64.9 million, $236.5 million of our revolving credit facility capacity, including ancillary lines, and $40.2 million of capacity under other available credit lines. Net debt was $678.8 million and net leverage was 3.39x. Cash Flow Cash inflows from operating activities for the twelve months ended December 31, 2020 were $125.3 million, down $106.2 million, year over year, primarily driven by lower profitability levels. Cash outflows from investing activities for the twelve months ended December 31, 2020 were $144.9 million, down $10.9 million, year over year, driven by the timing of related payments and was comprised of capital investments to advance safety, continuity, sustainability and growth initiatives. Cash inflows from financing activities for the twelve months ended December 31, 2020 were $13.5 million, up $82.2 million, year over year, primarily driven by a net $26.8 million draw down on credit facilities and lower dividend payments. 2021 Outlook Mr. Painter concluded, Given the uncertainty regarding COVID-19, with vaccinations underway but also highly contagious strains emerging, we don't think it is appropriate to issue EBITDA guidance. Our 2021 planning scenario assumes that COVID-19 does not functionally end until 2022, with 2021 Specialty and Rubber volumes roughly resembling second-half 2020 run-rates. Most important to us is to always be improving our agility, to never sit still, but build on 2020 and push ourselves so we can respond even better to any demand scenario. Additional projected financial metrics for 2021 include shares outstanding of 60.6 million, an effective tax rate in the range of 30% to 31% and depreciation and amortization in the range of $95 to $100 million. Capital expenditures are expected to approximate $170 million, of which EPA related spending is expected to approximate $55 million and growth and productivity capital is expected to approximate $45 million. Conference Call As previously announced, Orion will hold a conference call tomorrow, Friday, February 19th 2020, at 8:30 a.m. (EST). The dial-in details for the live conference call are as follow: U.S. Toll Free: 1-877-407-4018 International: 1-201-689-8471 A replay of the conference call may be accessed by phone at the following numbers through February 27th, 2020: U.S. Toll Free: 1-844-512-2921 International: 1-412-317-6671 Conference ID: 13714486 Additionally, an archived webcast of the conference call will be available on the Investor Relations section of the companys website at www.orioncarbons.com, where we regularly post information including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, SEC filings and other information regarding our company, its businesses and the markets it serves. About Orion Engineered Carbons Orion is a worldwide supplier of carbon black. We produce a broad range of carbon blacks that include high-performance specialty gas blacks, acetylene blacks, furnace blacks, lamp blacks, thermal blacks and other carbon blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, tires, and mechanical rubber goods such as automotive belts and hoses. Orion operates 14 global production sites and has approximately 1,425 employees worldwide. For more information, please visit our website www.orioncarbons.com Forward Looking Statements This document contains and refers to certain forward-looking statements with respect to our financial condition, results of operations and business, including those in the 2021 Outlook" and Quarterly Business Segment Results sections. These statements constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). Forward-looking statements are statements of future expectations that are based on managements current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among others, statements concerning the potential exposure to market risks, statements expressing managements expectations, beliefs, estimates, forecasts, projections and assumptions and statements that are not limited to statements of historical or present facts or conditions. You should not place undue reliance on forward looking statements. Forward-looking statements are typically identified by words such as anticipate, "assume," assure, believe, confident, could, estimate, expect, intend, may, plan, objectives, outlook, probably, project, will, seek, target to be, and other words of similar meaning. These forward-looking statements include, without limitation, statements about the following matters: our strategies for (i) mitigating the impacts of the global outbreak of the coronavirus, (ii) strengthening our position in specialty carbon blacks and rubber carbon blacks, (iii) increasing our rubber carbon black margins and (iv) strengthening the competitiveness of our operations; the ability to pay dividends at historical dividend levels or at all; cash flow projections; the installation of pollution control technology in our U.S. manufacturing facilities pursuant to the EPA consent decree; the outcome of any in-progress, pending or possible litigation or regulatory proceedings; and our expectation that the markets we serve will continue to grow. All these forward-looking statements are based on estimates and assumptions that, although believed to be reasonable, are inherently uncertain. Therefore, undue reliance should not be placed upon any forward-looking statements. There are important factors that could cause actual results to differ materially from those contemplated by such forward-looking statements. These factors include, among others: the effects of the COVID-19 pandemic on our business and results of operations; negative or uncertain worldwide economic conditions; volatility and cyclicality in the industries in which we operate; operational risks inherent in chemicals manufacturing, including disruptions as a result of severe weather conditions and natural disasters; our dependence on major customers and suppliers; our ability to compete in the industries and markets in which we operate; our ability to address changes in the nature of future transportation and mobility concepts which may impact our customers and our business; our ability to develop new products and technologies successfully and the availability of substitutes for our products; our ability to implement our business strategies; volatility in the costs and availability of raw materials (including but not limited to any and all effects from restrictions imposed by the MARPOL convention and respective International Maritime Organization (IMO) regulations in particular to reduce sulfur oxides (SOx) emissions from ships) and energy; our ability to respond to changes in feedstock prices and quality; our ability to realize benefits from investments, joint ventures, acquisitions or alliances; our ability to realize benefits from planned plant capacity expansions and site development projects and the potential delays to such expansions and projects; information technology systems failures, network disruptions and breaches of data security; our relationships with our workforce, including negotiations with labor unions, strikes and work stoppages; our ability to recruit or retain key management and personnel; our exposure to political or country risks inherent in doing business in some countries; geopolitical events in the European Union, and in particular the ultimate future relations between the European Union and the United Kingdom resulting from the Brexit which may impact the Euro; environmental, health and safety regulations, including nanomaterial and greenhouse gas emissions regulations, and the related costs of maintaining compliance and addressing liabilities; possible future investigations and enforcement actions by governmental or supranational agencies; our operations as a company in the chemical sector, including the related risks of leaks, fires and toxic releases; market and regulatory changes that may affect our ability to sell or otherwise benefit from co-generated energy; litigation or legal proceedings, including product liability and environmental claims; our ability to protect our intellectual property rights and know-how; our ability to generate the funds required to service our debt and finance our operations; fluctuations in foreign currency exchange and interest rates; the availability and efficiency of hedging; changes in international and local economic conditions, including with regard to the Euro, dislocations in credit and capital markets and inflation or deflation; potential impairments or write-offs of certain assets; required increases in our pension fund contributions; the adequacy of our insurance coverage; changes in our jurisdictional earnings mix or in the tax laws or accepted interpretations of tax laws in those jurisdictions; our indemnities to and from Evonik; challenges to our decisions and assumptions in assessing and complying with our tax obligations; and potential difficulty in obtaining or enforcing judgments or bringing actions against us in the United States. You should not place undue reliance on forward-looking statements. We present certain financial measures that are not prepared in accordance with U.S. GAAP or the accounting standards of any other jurisdiction and may not be comparable to other similarly titled measures of other companies. These non-U.S. GAAP measures are Contribution Margin, Contribution Margin per Metric Ton, Adjusted EBITDA, Adjusted EPS, Net Working Capital and Capital Expenditures. Adjusted EBITDA, Adjusted EPS, Contribution Margins and Net Working Capital are not measures of performance under U.S. GAAP and should not be considered in isolation or construed as substitutes for net sales, consolidated profit (loss) for the period, operating result (EBIT), gross profit or other U.S. GAAP measures as an indicator of our operations in accordance with U.S. GAAP. For a reconciliation of these non-U.S. GAAP financial measures to the most directly comparable U.S. GAAP measures, see Appendix. Factors that could cause our actual results to differ materially from those expressed or implied in such forward-looking statements include those factors detailed under the captions Note Regarding Forward-Looking Statements and Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2019 and in Note R. to our audited consolidated financial statements regarding contingent liabilities, including litigation. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. New risk factors and uncertainties emerge from time to time and it is not possible for our management to predict all risk factors and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statement - including those in the 2021 Outlook and Quarterly Business Segment Results sections - as a result of new information, future events or other information, other than as required by applicable law. Reconciliation of Non-GAAP Financial Measures In this release we refer to Adjusted EBITDA, Contribution Margin, Adjusted Net Income/(Loss) and Adjusted EPS, which are financial measures that have not been prepared in accordance with U.S. GAAP or the accounting standards of any other jurisdiction and may not be comparable to other similarly titled measures of other companies. We refer to these measures as non-GAAP financial measures. Adjusted EBITDA is defined as operating result (EBIT) before depreciation and amortization, adjusted for acquisition related expenses, restructuring expenses, consulting fees related to group strategy, share of profit or loss of joint venture and certain other items. Adjusted EBITDA is used by our management to evaluate our operating performance and make decisions regarding allocation of capital because it excludes the effects of certain items that have less bearing on the performance of our underlying core business. Our use of Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our financial results as reported under U.S. GAAP. Some of these limitations are: (a) although Adjusted EBITDA excludes the impact of depreciation and amortization, the assets being depreciated and amortized may have to be replaced in the future and thus the cost of replacing assets or acquiring new assets, which will affect our operating results over time, is not reflected; (b) Adjusted EBITDA does not reflect interest or certain other costs that we will continue to incur over time and will adversely affect our profit or loss, which is the ultimate measure of our financial performance and (c) other companies, including companies in our industry, may calculate Adjusted EBITDA or similarly titled measures differently. Because of these and other limitations, you should consider Adjusted EBITDA alongside our other U.S. GAAP-based financial performance measures, such as consolidated profit or loss for the period. Contribution Margin is calculated by subtracting variable costs (such as raw materials, packaging, utilities and distribution costs) from our net sales. We believe that Contribution Margin and Contribution Margin per Metric Ton are useful because we see these measures as indicating the portion of net sales that is not consumed by such variable costs and therefore contributes to the coverage of all other costs and profits. Adjusted Net Income/(Loss) is defined as profit or loss for the period adjusted for acquisition related expenses, restructuring expenses, consulting fees related to group strategy, certain other items (such as amortization expenses related to intangible assets acquired from our predecessor and foreign currency revaluation impacts) and assumed taxes and Adjusted EPS is defined as Adjusted Net Income divided by the weighted number of shares outstanding. Adjusted Net Income/(Loss) and Adjusted EPS provide guidance with respect to our underlying business performance without regard to the effects of (a) foreign currency fluctuations, (b) the amortization of intangible assets which other companies may record as goodwill having an indefinite lifetime and thus no amortization and (c) our start-up and initial public offering costs. Other companies may use a similarly titled financial measure that is calculated differently from the way we calculate Adjusted Net Income/(Loss) and Adjusted EPS. We define Net Working Capital as the total of inventories and current trade receivables, less trade payables. Net Working Capital is as well a non-GAAP financial measure, and other companies may use a similarly titled financial measure that is calculated differently from the way we calculate Net Working Capital. We have not provided a reconciliation of forward-looking Adjusted EBITDA to the most comparable GAAP measure of net income. Providing net income guidance is potentially misleading and not practical given the difficulty of projecting event-driven transactions and other non-core operating items that are included in net income. Reconciliations of this non-GAAP measure with the most comparable GAAP measure for historic periods are indicative of the reconciliation that will be presented upon completion of the periods covered by the non-GAAP guidance. The following tables present a reconciliation of each of Adjusted EBITDA and Adjusted EPS to the most directly comparable GAAP measure: Reconciliation of profit or (loss) Fourth Quarter Fiscal Year (In thousands) 2020 2019 2020 2019 Net income $ 8,906 $ 18,965 $ 18,156 $ 86,920 Add back income tax expense 4,126 6,701 8,132 33,216 Add back equity in earnings of affiliated companies, net of tax (67 ) (134 ) (493 ) (558 ) Income from operations before income taxes and equity in earnings of affiliated companies 12,966 25,533 25,795 119,579 Add back interest and other financial expense, net 10,014 7,063 38,671 27,572 Reclassification of actuarial losses from AOCI 2,591 9,916 Earnings before income taxes and finance income/costs 25,571 32,596 74,382 147,151 Add back depreciation, amortization and impairment of intangible assets and property, plant and equipment 26,805 25,223 96,526 96,713 EBITDA 52,375 57,818 170,908 243,863 Equity in earnings of affiliated companies, net of tax 67 134 493 558 Restructuring expenses/(income)(1) 7,559 (205 ) 7,559 3,628 Consulting fees related to Company strategy (2) 449 1,280 Extraordinary expense items related to COVID-19 (3) 318 3,866 Long term incentive plan 3,191 2,301 4,434 9,438 EPA-related expenses 176 1,035 5,228 3,992 Other adjustments (4) 2,273 1,656 7,556 4,578 Adjusted EBITDA $ 65,959 $ 63,188 $ 200,043 $ 267,337 (1) Restructuring expenses for the periods ended December 31, 2020 and 2019 were related to the strategic restructuring of our worldwide Rubber footprint (2) Consulting fees related to the Orion strategy include external consulting for establishing and executing Company strategies relating to Rubber footprint realignment, conversion to U.S. dollar and U.S. GAAP, and costs relating to our assessment of feasibility for inclusion in certain U.S. indices. (3) Extraordinary expense items related to COVID-19 reflect costs incurred to address impacts associated with the global coronavirus pandemic. These items include select production costs, expenses related to providing personal protection equipment and costs related to protective measures carried out at our facilities to ensure the safety of our employees, among other expenditures. (4) Other adjustments (from items with less bearing on the underlying performance of the Companys core business) for the quarters ended December 31, 2020 and 2019 and periods ended December 31, 2020 and 2019 primarily relate to amounts of non-income tax expense incurred during the construction phase of an asset, disaster related preparedness costs and legal fees associated with a dispute concerning intellectual property. The following table reconciles Contribution Margin and Contribution Margin per Metric Ton to gross profit: unaudited (in millions, unless otherwise indicated) Fourth Quarter Year Ended Fiscal Year 2020 2019 2020 2019 Net Sales(1) $ 315.7 $ 322.4 $ 1,136.4 $ 1,476.4 Variable costs(2) (176.2 ) (196.8 ) (672.5 ) (935.7 ) Contribution margin 139.5 125.6 463.9 540.7 Freight 20.1 18.0 68.8 79.0 Fixed Costs(3) (70.6 ) (54.6 ) (240.4 ) (229.8 ) Gross profit (1) $ 89.0 $ 89.0 $ 292.3 $ 389.9 Volume (in kmt) 237.8 233.5 866.8 1,023.2 Contribution Margin per Metric Ton $ 586.8 $ 538.0 $ 535.1 $ 528.5 Gross Profit per Metric Ton $ 374.4 $ 381.1 $ 337.3 $ 380.9 (1) Separate line item in audited Consolidated Financial Statements. (2) Includes costs such as raw materials, packaging, utilities and distribution. (3) Includes costs such as depreciation, amortization and impairment of intangible assets and property, plant and equipment, personnel and other production related costs. Adjusted EPS Fourth Quarter Fiscal Year (In thousands, except per share amounts) 2020 2019 2020 2019 Net Income $ 8,906 $ 18,965 $ 18,156 $ 86,920 add back long term incentive plan expenses 3,191 2,301 4,434 9,438 add back restructuring income/expenses, net 7,559 (205 ) 7,559 3,628 add back consulting fees related to Company strategy 449 1,280 add back EPA-related expenses 176 1,035 5,228 3,992 add back extraordinary expense items related COVID-19 318 3,866 add back other adjustment items 2,273 1,656 7,556 4,578 add back reclassification of actuarial losses from AOCI 2,591 9,916 add back amortization 2,007 1,357 7,653 7,548 add back foreign exchange rate impacts 2,847 2,433 15,227 3,640 add back amortization of transaction costs 539 480 2,071 2,082 Tax effect on add back items at estimated tax rate (6,450 ) (2,852 ) (19,053 ) (10,856 ) Adjusted Net Income $ 23,957 $ 25,619 $ 62,612 $ 112,250 Total add back items $ 15,051 $ 6,654 $ 44,456 $ 25,330 Impact add back items per share $ 0.25 $ 0.10 $ 0.74 $ 0.42 Earnings per share (basic) $ 0.15 $ 0.32 $ 0.30 $ 1.45 Adjusted EPS $ 0.40 $ 0.42 $ 1.04 $ 1.87 Consolidated Statements of Operations of Orion Engineered Carbons S.A. for the three months and fiscal years ended December 31, 2020 and 2019 Three Months Ended December 31, Years Ended December 31, (In thousands, except per share amounts) 2020 2019 2020 2019 Net sales $ 315,692 $ 322,428 $ 1,136,383 $ 1,476,353 Cost of sales 226,662 233,440 844,034 1,086,644 Gross profit 89,030 88,987 292,348 389,708 Selling, general and administrative expenses 49,919 49,556 176,140 206,886 Research and development costs 3,444 5,038 20,201 19,874 Other expenses, net 2,537 2,002 14,066 12,169 Restructuring expenses 7,559 (205 ) 7,559 3,628 Income from operations 25,571 32,596 74,382 147,151 Interest and other financial expense, net 10,014 7,063 38,671 27,572 Reclassification of actuarial losses from AOCI 2,591 9,916 Income from operations before income tax expense and equity in earnings of affiliated companies 12,966 25,533 25,795 119,579 Income tax expense 4,126 6,701 8,132 33,216 Equity in earnings of affiliated companies, net of tax 67 134 493 558 Net income $ 8,906 $ 18,965 $ 18,156 $ 86,920 Weighted-average shares outstanding (in thousands of shares): Basic 60,487 60,221 60,430 59,986 Diluted 61,731 61,490 61,407 61,300 Earnings per share: Basic $ 0.15 $ 0.32 $ 0.30 $ 1.45 Diluted $ 0.15 $ 0.31 $ 0.30 $ 1.42 Consolidated Balance Sheets of Orion Engineered Carbons S.A. as at December 31, 2020 and 2019 December 31, (In thousands, except share amounts) 2020 2019 Current assets Cash and cash equivalents $ 64,869 $ 63,726 Accounts receivable, net of expected credit losses of $5,794 and 6,632 234,796 212,565 Other current financial assets 3,630 11,347 Inventories, net 141,461 164,799 Income tax receivables 11,249 17,924 Prepaid expenses and other current assets 44,452 37,358 Total current assets 500,456 507,718 Property, plant and equipment, net 610,530 534,054 Operating lease right-of-use assets 85,639 27,532 Goodwill 84,480 77,341 Intangible assets, net 46,772 50,596 Investment in equity method affiliates 5,637 5,232 Deferred income tax assets 52,563 48,720 Other financial assets 761 2,501 Other assets 2,956 3,701 Total non-current assets 889,337 749,676 Total assets $ 1,389,793 $ 1,257,394 Current liabilities Accounts payable $ 131,250 $ 156,298 Current portion of long term debt and other financial liabilities 82,618 36,410 Current portion of employee benefit plan obligation 1,118 908 Accrued liabilities 49,176 44,931 Income taxes payable 23,906 14,154 Other current liabilities 36,676 32,509 Total current liabilities 324,745 285,211 Long-term debt, net 655,826 630,261 Employee benefit plan obligation 83,310 71,901 Deferred income tax liabilities 38,770 43,308 Other liabilities 106,131 40,701 Total non-current liabilities 884,036 786,171 Commitments and contingencies Stockholders' equity Common stock Authorized: 65,035,579 and 65,035,579 shares with no par value Issued 60,992,259 and 60,729,289 shares with no par value Outstanding 60,487,117 and 60,224,147 shares 85,323 85,032 Less 505,142 and 505,142 shares of common treasury stock, at cost (8,515 ) (8,515 ) Additional paid-in capital 68,502 65,562 Retained earnings 84,407 78,296 Accumulated other comprehensive loss (48,705 ) (34,362 ) Total stockholders' equity 181,013 186,013 Total liabilities and stockholders' equity $ 1,389,793 $ 1,257,394 Consolidated Statements of Cash Flows of Orion Engineered Carbons S.A. Years Ended December 31, (In thousands) 2020 2019 2018 Cash flows from operating activities: Net income $ 18,156 $ 86,920 $ 121,310 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation of property, plant and equipment and amortization of intangible assets 96,526 96,713 98,156 Amortization of debt issuance costs 2,071 2,082 2,220 Share-based incentive compensation 4,434 9,438 13,919 Deferred tax (benefit)/provision (12,146 ) 15,826 (3,634 ) Foreign currency transactions (4,900 ) 1,052 2,782 Reclassification of actuarial losses from AOCI 9,916 Other operating non-cash items 118 1,813 1,165 Changes in operating assets and liabilities, net of effects of businesses acquired: (Increase)/decrease in trade receivables (16,501 ) 45,412 (39,680 ) (Increase)/decrease in inventories 29,951 16,413 (31,406 ) Increase/(decrease) in trade payables (18,732 ) (12,036 ) 5,444 Increase/(decrease) in provisions 2,308 (10,375 ) (4,427 ) Increase/(decrease) in tax liabilities 16,398 (7,254 ) 4,843 Increase/(decrease) in other assets and liabilities (2,320 ) (14,497 ) (48,707 ) Net cash provided by operating activities $ 125,278 $ 231,507 $ 121,985 Cash flows from investing activities: Cash paid for the acquisition of intangible assets and property, plant and equipment $ (144,939 ) $ (155,848 ) $ (116,157 ) Acquisition of businesses, net of cash and cash equivalents acquired (36,571 ) Cash received from the disposal of intangible assets and property, plant and equipment 64,672 Net cash used in investing activities $ (144,939 ) $ (155,848 ) $ (88,056 ) Cash flows from financing activities: Payments for debt issue costs (1,721 ) (741 ) Repayments of long-term debt (8,190 ) (8,036 ) (8,288 ) Cash inflows related to current financial liabilities 206,076 96,956 48,963 Cash outflows related to current financial liabilities (171,095 ) (101,303 ) (26,370 ) Dividends paid to shareholders (12,045 ) (48,033 ) (47,665 ) Repurchase of common stock (4,926 ) Taxes paid for shares issued under net settlement feature (1,202 ) (6,475 ) (4,741 ) Net cash from (used in) financing activities $ 13,543 $ (68,612 ) $ (43,768 ) Increase (decrease) in cash, cash equivalents and restricted cash $ (6,118 ) $ 7,047 $ (9,839 ) Cash, cash equivalents and restricted cash at the beginning of the period 68,231 61,604 75,213 Effect of exchange rate changes on cash 5,753 (420 ) (3,770 ) Cash, cash equivalents and restricted cash at the end of the period $ 67,865 $ 68,231 $ 61,604 Less restricted cash at the end of the period 2,996 4,505 4,588 Cash and cash equivalents at the end of the period $ 64,869 $ 63,726 $ 57,016 Cash paid for interest, net $ (20,769 ) $ (20,399 ) $ (24,367 ) Cash paid for income taxes $ (7,930 ) $ (24,106 ) $ (60,228 ) Supplemental disclosure of non-cash activity: Liabilities under build-to-suit lease $ $ $ 28,657 Liabilities for leasing - current $ 14,005 $ 6,254 $ Liabilities for leasing - non-current $ 52,593 $ 26,280 $ The accompanying notes are an integral part of these consolidated financial statements. Answer:
Orion Engineered Carbons S.A. Announces Fourth Quarter and Full Year 2020 Financial Results
HOUSTON--(BUSINESS WIRE)--Orion Engineered Carbons S.A. (NYSE: OEC), a global supplier of specialty and high-performance carbon black, today announced its fourth quarter and full year 2020 financial results. Fourth Quarter 2020 Highlights Full Year 2020 Highlights 1 See below for a reconciliation of non-GAAP financial measures to the most directly comparable U.S. GAAP measures The year 2020 represented an enormous test for the global Orion team and our business. We met the challenge with fortitude and resilience. Our team's disciplined adherence to our COVID-19 protocols resulted in no workplace transmissions. They were also nimble, improving customer response times while managing through demand swings. We advanced our ESG efforts by stepping up community support, upgrading co-generation, and increasing board independence and diversity. We successfully navigated 2020 and finished strong, with fourth quarter Adjusted EBITDA exceeding prior year levels and reflecting strong profitability levels. This performance was led by strong specialty volume trends and a solid quarter in our rubber business, said Corning Painter, Orions chief executive officer. Mr. Painter continued, When demand was low, we took the opportunity to invest in the reliability of our facilities to ensure that we emerge from this period a stronger company. Throughout the year, we also supported the communities we are privileged to operate within by donating materials to help with pandemic-related needs, and supporting those team members affected by hurricanes in the U.S. These actions in concert with advancing our sustainability strategy are core to our values. In 2021, we will maintain a focus on driving shareholder value through continuing to be responsive to our customers needs, advancing our sustainability business goals and investing in select, high-return strategic initiatives to bolster our short and longer-term earnings growth potential. Fourth Quarter 2020 Overview ORION ENGINEERED CARBONS ($ in millions, except per share data or stated otherwise) Q4 2020 Q4 2019 Y/Y Change in % Volume (kmt) 237.8 233.5 1.8 Net sales 315.7 322.4 (2.1) Income from Operations (EBIT) 25.6 32.6 (21.6) Net Income 8.9 19.0 (53.0) Contribution Margin 139.5 125.6 11.1 Contribution Margin per metric ton 586.8 538.0 9.1 Adjusted EBITDA 66.0 63.2 4.4 Basic EPS (1) $0.15 $0.32 $(0.17) Adjusted EPS (2) $0.40 $0.42 $(0.02) Notes: (1) Basic EPS calculated using Net Income and weighted number of shares outstanding in the respective quarter. (2) Adjusted EPS is calculated by dividing Adjusted Net Income by the weighted average number of shares outstanding in the respective quarter. Adjusted Net income excludes certain non-cash items such as foreign exchange rate impacts and long-term incentive plan expenses, and non-recurring items which we do not believe are indicative of our core operating performance such as restructuring and EPA-related expenses. The reconciliation of Adjusted EPS is provided in the Reconciliation of Non-GAAP Financial Measures of the Press Release. Volumes increased by 1.8%, year over year, on strong demand in the Specialty Carbon Black (Specialties) segment driven by the EMEA and Asia regions partially offset by lower Rubber Carbon Black (Rubber) volumes. Net sales declined by $6.7 million, or 2.1%, to $315.7 million, year over year, driven primarily by the effects of passing through lower feedstock costs to customers partially offset by increased volumes and base prices. Income from operations declined by $7.0 million, or 21.6%, to $25.6 million, year over year, primarily due to restructuring expenses partially offset by the continued recovery of end market demand and favorable product mix in the Specialties business. Restructuring costs reflected a higher reserve related to post closure costs associated with the site of our former rubber manufacturing facility in Ambes, France. Net Income declined $10.1 million to $8.9 million from $19.0 million in the fourth quarter of 2019 principally due to the combination of higher restructuring costs, foreign exchange, and pension-related costs, year over year. Contribution Margin improved by $13.9 million, or 11.1%, to $139.5 million, year over year, primarily driven by Specialties volume strength and higher Rubber base pricing partially offset by the effects of passing lower feedstock costs through to customers. Adjusted EBITDA increased by $2.8 million, or 4.4% to $66.0 million, year over year, primarily due to improvements in volumes and base pricing partially offset by higher fixed costs and the impact of lower feedstock costs. Quarterly Business Segment Results SPECIALTY CARBON BLACK ($ in millions, except per share data or stated otherwise) Q4 2020 Q4 2019 Y/Y Change in % Volume (kmt) 65.4 56.8 15.0 Net sales 127.4 114.8 11.0 Gross Profit 47.7 43.2 10.2 Gross Profit/metric ton 728.9 760.7 (4.2) Adjusted EBITDA 38.9 31.8 22.4 Adjusted EBITDA/metric ton 594.8 559.0 6.4 Adjusted EBITDA Margin (%) 30.5 27.7 280bps Specialties volumes increased by 15.0%, year over year, primarily in EMEA and Asia, and rose 11.3%, sequentially, reflecting the continuation of a broad-based recovery across most end markets, with polymers particularly strong. Net sales improved by $12.7 million, or 11.0%, to $127.4 million, year over year, and rose 22.9% sequentially, driven by higher volumes and favorable product mix partially offset by the effects of lower feedstock costs passed through to customers. Specialty Adjusted EBITDA rose by $7.1 million, or 22.4%, to $38.9 million, year over year, and rose by $12.4 million, or 46.9%, sequentially, driven by improved volume and favorable mix, partially offset by higher fixed costs. RUBBER CARBON BLACK ($ in millions, except per share data or stated otherwise) Q4 2020 Q4 2019 Y/Y Change in % Volume (kmt) 172.4 176.7 (2.4) Net sales 188.3 207.7 (9.3) Gross Profit 41.4 45.8 (9.6) Gross Profit/metric ton 240.0 259.0 (7.3) Adjusted EBITDA 27.1 31.4 (13.8) Adjusted EBITDA/metric ton 157.0 177.8 (11.7) Adjusted EBITDA Margin (%) 14.4 15.1 (-70)bps Rubber Carbon Black volumes declined by 2.4%, year over year, primarily due to the continued global economic impact on demand from tire customers resulting from COVID-19. The year over year volume decline also includes the impact of our 2019 commercial strategy which emphasized raising price over volume. Net sales declined by $19.4 million, or 9.3%, to $188.3 million, year over year, primarily due to passing through lower feedstock costs to customers and, to a lesser extent, lower volumes, partially offset by base price increases. Rubber Adjusted EBITDA decreased by $4.3 million, or 13.8%, to $27.1 million, year over year, driven by higher fixed costs and the impact of lower feedstock costs. Balance Sheet and Liquidity As of December 31, 2020, the company had liquidity of $341.6 million, including cash and equivalents of $64.9 million, $236.5 million of our revolving credit facility capacity, including ancillary lines, and $40.2 million of capacity under other available credit lines. Net debt was $678.8 million and net leverage was 3.39x. Cash Flow Cash inflows from operating activities for the twelve months ended December 31, 2020 were $125.3 million, down $106.2 million, year over year, primarily driven by lower profitability levels. Cash outflows from investing activities for the twelve months ended December 31, 2020 were $144.9 million, down $10.9 million, year over year, driven by the timing of related payments and was comprised of capital investments to advance safety, continuity, sustainability and growth initiatives. Cash inflows from financing activities for the twelve months ended December 31, 2020 were $13.5 million, up $82.2 million, year over year, primarily driven by a net $26.8 million draw down on credit facilities and lower dividend payments. 2021 Outlook Mr. Painter concluded, Given the uncertainty regarding COVID-19, with vaccinations underway but also highly contagious strains emerging, we don't think it is appropriate to issue EBITDA guidance. Our 2021 planning scenario assumes that COVID-19 does not functionally end until 2022, with 2021 Specialty and Rubber volumes roughly resembling second-half 2020 run-rates. Most important to us is to always be improving our agility, to never sit still, but build on 2020 and push ourselves so we can respond even better to any demand scenario. Additional projected financial metrics for 2021 include shares outstanding of 60.6 million, an effective tax rate in the range of 30% to 31% and depreciation and amortization in the range of $95 to $100 million. Capital expenditures are expected to approximate $170 million, of which EPA related spending is expected to approximate $55 million and growth and productivity capital is expected to approximate $45 million. Conference Call As previously announced, Orion will hold a conference call tomorrow, Friday, February 19th 2020, at 8:30 a.m. (EST). The dial-in details for the live conference call are as follow: U.S. Toll Free: 1-877-407-4018 International: 1-201-689-8471 A replay of the conference call may be accessed by phone at the following numbers through February 27th, 2020: U.S. Toll Free: 1-844-512-2921 International: 1-412-317-6671 Conference ID: 13714486 Additionally, an archived webcast of the conference call will be available on the Investor Relations section of the companys website at www.orioncarbons.com, where we regularly post information including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, SEC filings and other information regarding our company, its businesses and the markets it serves. About Orion Engineered Carbons Orion is a worldwide supplier of carbon black. We produce a broad range of carbon blacks that include high-performance specialty gas blacks, acetylene blacks, furnace blacks, lamp blacks, thermal blacks and other carbon blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, tires, and mechanical rubber goods such as automotive belts and hoses. Orion operates 14 global production sites and has approximately 1,425 employees worldwide. For more information, please visit our website www.orioncarbons.com Forward Looking Statements This document contains and refers to certain forward-looking statements with respect to our financial condition, results of operations and business, including those in the 2021 Outlook" and Quarterly Business Segment Results sections. These statements constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). Forward-looking statements are statements of future expectations that are based on managements current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among others, statements concerning the potential exposure to market risks, statements expressing managements expectations, beliefs, estimates, forecasts, projections and assumptions and statements that are not limited to statements of historical or present facts or conditions. You should not place undue reliance on forward looking statements. Forward-looking statements are typically identified by words such as anticipate, "assume," assure, believe, confident, could, estimate, expect, intend, may, plan, objectives, outlook, probably, project, will, seek, target to be, and other words of similar meaning. These forward-looking statements include, without limitation, statements about the following matters: our strategies for (i) mitigating the impacts of the global outbreak of the coronavirus, (ii) strengthening our position in specialty carbon blacks and rubber carbon blacks, (iii) increasing our rubber carbon black margins and (iv) strengthening the competitiveness of our operations; the ability to pay dividends at historical dividend levels or at all; cash flow projections; the installation of pollution control technology in our U.S. manufacturing facilities pursuant to the EPA consent decree; the outcome of any in-progress, pending or possible litigation or regulatory proceedings; and our expectation that the markets we serve will continue to grow. All these forward-looking statements are based on estimates and assumptions that, although believed to be reasonable, are inherently uncertain. Therefore, undue reliance should not be placed upon any forward-looking statements. There are important factors that could cause actual results to differ materially from those contemplated by such forward-looking statements. These factors include, among others: the effects of the COVID-19 pandemic on our business and results of operations; negative or uncertain worldwide economic conditions; volatility and cyclicality in the industries in which we operate; operational risks inherent in chemicals manufacturing, including disruptions as a result of severe weather conditions and natural disasters; our dependence on major customers and suppliers; our ability to compete in the industries and markets in which we operate; our ability to address changes in the nature of future transportation and mobility concepts which may impact our customers and our business; our ability to develop new products and technologies successfully and the availability of substitutes for our products; our ability to implement our business strategies; volatility in the costs and availability of raw materials (including but not limited to any and all effects from restrictions imposed by the MARPOL convention and respective International Maritime Organization (IMO) regulations in particular to reduce sulfur oxides (SOx) emissions from ships) and energy; our ability to respond to changes in feedstock prices and quality; our ability to realize benefits from investments, joint ventures, acquisitions or alliances; our ability to realize benefits from planned plant capacity expansions and site development projects and the potential delays to such expansions and projects; information technology systems failures, network disruptions and breaches of data security; our relationships with our workforce, including negotiations with labor unions, strikes and work stoppages; our ability to recruit or retain key management and personnel; our exposure to political or country risks inherent in doing business in some countries; geopolitical events in the European Union, and in particular the ultimate future relations between the European Union and the United Kingdom resulting from the Brexit which may impact the Euro; environmental, health and safety regulations, including nanomaterial and greenhouse gas emissions regulations, and the related costs of maintaining compliance and addressing liabilities; possible future investigations and enforcement actions by governmental or supranational agencies; our operations as a company in the chemical sector, including the related risks of leaks, fires and toxic releases; market and regulatory changes that may affect our ability to sell or otherwise benefit from co-generated energy; litigation or legal proceedings, including product liability and environmental claims; our ability to protect our intellectual property rights and know-how; our ability to generate the funds required to service our debt and finance our operations; fluctuations in foreign currency exchange and interest rates; the availability and efficiency of hedging; changes in international and local economic conditions, including with regard to the Euro, dislocations in credit and capital markets and inflation or deflation; potential impairments or write-offs of certain assets; required increases in our pension fund contributions; the adequacy of our insurance coverage; changes in our jurisdictional earnings mix or in the tax laws or accepted interpretations of tax laws in those jurisdictions; our indemnities to and from Evonik; challenges to our decisions and assumptions in assessing and complying with our tax obligations; and potential difficulty in obtaining or enforcing judgments or bringing actions against us in the United States. You should not place undue reliance on forward-looking statements. We present certain financial measures that are not prepared in accordance with U.S. GAAP or the accounting standards of any other jurisdiction and may not be comparable to other similarly titled measures of other companies. These non-U.S. GAAP measures are Contribution Margin, Contribution Margin per Metric Ton, Adjusted EBITDA, Adjusted EPS, Net Working Capital and Capital Expenditures. Adjusted EBITDA, Adjusted EPS, Contribution Margins and Net Working Capital are not measures of performance under U.S. GAAP and should not be considered in isolation or construed as substitutes for net sales, consolidated profit (loss) for the period, operating result (EBIT), gross profit or other U.S. GAAP measures as an indicator of our operations in accordance with U.S. GAAP. For a reconciliation of these non-U.S. GAAP financial measures to the most directly comparable U.S. GAAP measures, see Appendix. Factors that could cause our actual results to differ materially from those expressed or implied in such forward-looking statements include those factors detailed under the captions Note Regarding Forward-Looking Statements and Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2019 and in Note R. to our audited consolidated financial statements regarding contingent liabilities, including litigation. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. New risk factors and uncertainties emerge from time to time and it is not possible for our management to predict all risk factors and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statement - including those in the 2021 Outlook and Quarterly Business Segment Results sections - as a result of new information, future events or other information, other than as required by applicable law. Reconciliation of Non-GAAP Financial Measures In this release we refer to Adjusted EBITDA, Contribution Margin, Adjusted Net Income/(Loss) and Adjusted EPS, which are financial measures that have not been prepared in accordance with U.S. GAAP or the accounting standards of any other jurisdiction and may not be comparable to other similarly titled measures of other companies. We refer to these measures as non-GAAP financial measures. Adjusted EBITDA is defined as operating result (EBIT) before depreciation and amortization, adjusted for acquisition related expenses, restructuring expenses, consulting fees related to group strategy, share of profit or loss of joint venture and certain other items. Adjusted EBITDA is used by our management to evaluate our operating performance and make decisions regarding allocation of capital because it excludes the effects of certain items that have less bearing on the performance of our underlying core business. Our use of Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of our financial results as reported under U.S. GAAP. Some of these limitations are: (a) although Adjusted EBITDA excludes the impact of depreciation and amortization, the assets being depreciated and amortized may have to be replaced in the future and thus the cost of replacing assets or acquiring new assets, which will affect our operating results over time, is not reflected; (b) Adjusted EBITDA does not reflect interest or certain other costs that we will continue to incur over time and will adversely affect our profit or loss, which is the ultimate measure of our financial performance and (c) other companies, including companies in our industry, may calculate Adjusted EBITDA or similarly titled measures differently. Because of these and other limitations, you should consider Adjusted EBITDA alongside our other U.S. GAAP-based financial performance measures, such as consolidated profit or loss for the period. Contribution Margin is calculated by subtracting variable costs (such as raw materials, packaging, utilities and distribution costs) from our net sales. We believe that Contribution Margin and Contribution Margin per Metric Ton are useful because we see these measures as indicating the portion of net sales that is not consumed by such variable costs and therefore contributes to the coverage of all other costs and profits. Adjusted Net Income/(Loss) is defined as profit or loss for the period adjusted for acquisition related expenses, restructuring expenses, consulting fees related to group strategy, certain other items (such as amortization expenses related to intangible assets acquired from our predecessor and foreign currency revaluation impacts) and assumed taxes and Adjusted EPS is defined as Adjusted Net Income divided by the weighted number of shares outstanding. Adjusted Net Income/(Loss) and Adjusted EPS provide guidance with respect to our underlying business performance without regard to the effects of (a) foreign currency fluctuations, (b) the amortization of intangible assets which other companies may record as goodwill having an indefinite lifetime and thus no amortization and (c) our start-up and initial public offering costs. Other companies may use a similarly titled financial measure that is calculated differently from the way we calculate Adjusted Net Income/(Loss) and Adjusted EPS. We define Net Working Capital as the total of inventories and current trade receivables, less trade payables. Net Working Capital is as well a non-GAAP financial measure, and other companies may use a similarly titled financial measure that is calculated differently from the way we calculate Net Working Capital. We have not provided a reconciliation of forward-looking Adjusted EBITDA to the most comparable GAAP measure of net income. Providing net income guidance is potentially misleading and not practical given the difficulty of projecting event-driven transactions and other non-core operating items that are included in net income. Reconciliations of this non-GAAP measure with the most comparable GAAP measure for historic periods are indicative of the reconciliation that will be presented upon completion of the periods covered by the non-GAAP guidance. The following tables present a reconciliation of each of Adjusted EBITDA and Adjusted EPS to the most directly comparable GAAP measure: Reconciliation of profit or (loss) Fourth Quarter Fiscal Year (In thousands) 2020 2019 2020 2019 Net income $ 8,906 $ 18,965 $ 18,156 $ 86,920 Add back income tax expense 4,126 6,701 8,132 33,216 Add back equity in earnings of affiliated companies, net of tax (67 ) (134 ) (493 ) (558 ) Income from operations before income taxes and equity in earnings of affiliated companies 12,966 25,533 25,795 119,579 Add back interest and other financial expense, net 10,014 7,063 38,671 27,572 Reclassification of actuarial losses from AOCI 2,591 9,916 Earnings before income taxes and finance income/costs 25,571 32,596 74,382 147,151 Add back depreciation, amortization and impairment of intangible assets and property, plant and equipment 26,805 25,223 96,526 96,713 EBITDA 52,375 57,818 170,908 243,863 Equity in earnings of affiliated companies, net of tax 67 134 493 558 Restructuring expenses/(income)(1) 7,559 (205 ) 7,559 3,628 Consulting fees related to Company strategy (2) 449 1,280 Extraordinary expense items related to COVID-19 (3) 318 3,866 Long term incentive plan 3,191 2,301 4,434 9,438 EPA-related expenses 176 1,035 5,228 3,992 Other adjustments (4) 2,273 1,656 7,556 4,578 Adjusted EBITDA $ 65,959 $ 63,188 $ 200,043 $ 267,337 (1) Restructuring expenses for the periods ended December 31, 2020 and 2019 were related to the strategic restructuring of our worldwide Rubber footprint (2) Consulting fees related to the Orion strategy include external consulting for establishing and executing Company strategies relating to Rubber footprint realignment, conversion to U.S. dollar and U.S. GAAP, and costs relating to our assessment of feasibility for inclusion in certain U.S. indices. (3) Extraordinary expense items related to COVID-19 reflect costs incurred to address impacts associated with the global coronavirus pandemic. These items include select production costs, expenses related to providing personal protection equipment and costs related to protective measures carried out at our facilities to ensure the safety of our employees, among other expenditures. (4) Other adjustments (from items with less bearing on the underlying performance of the Companys core business) for the quarters ended December 31, 2020 and 2019 and periods ended December 31, 2020 and 2019 primarily relate to amounts of non-income tax expense incurred during the construction phase of an asset, disaster related preparedness costs and legal fees associated with a dispute concerning intellectual property. The following table reconciles Contribution Margin and Contribution Margin per Metric Ton to gross profit: unaudited (in millions, unless otherwise indicated) Fourth Quarter Year Ended Fiscal Year 2020 2019 2020 2019 Net Sales(1) $ 315.7 $ 322.4 $ 1,136.4 $ 1,476.4 Variable costs(2) (176.2 ) (196.8 ) (672.5 ) (935.7 ) Contribution margin 139.5 125.6 463.9 540.7 Freight 20.1 18.0 68.8 79.0 Fixed Costs(3) (70.6 ) (54.6 ) (240.4 ) (229.8 ) Gross profit (1) $ 89.0 $ 89.0 $ 292.3 $ 389.9 Volume (in kmt) 237.8 233.5 866.8 1,023.2 Contribution Margin per Metric Ton $ 586.8 $ 538.0 $ 535.1 $ 528.5 Gross Profit per Metric Ton $ 374.4 $ 381.1 $ 337.3 $ 380.9 (1) Separate line item in audited Consolidated Financial Statements. (2) Includes costs such as raw materials, packaging, utilities and distribution. (3) Includes costs such as depreciation, amortization and impairment of intangible assets and property, plant and equipment, personnel and other production related costs. Adjusted EPS Fourth Quarter Fiscal Year (In thousands, except per share amounts) 2020 2019 2020 2019 Net Income $ 8,906 $ 18,965 $ 18,156 $ 86,920 add back long term incentive plan expenses 3,191 2,301 4,434 9,438 add back restructuring income/expenses, net 7,559 (205 ) 7,559 3,628 add back consulting fees related to Company strategy 449 1,280 add back EPA-related expenses 176 1,035 5,228 3,992 add back extraordinary expense items related COVID-19 318 3,866 add back other adjustment items 2,273 1,656 7,556 4,578 add back reclassification of actuarial losses from AOCI 2,591 9,916 add back amortization 2,007 1,357 7,653 7,548 add back foreign exchange rate impacts 2,847 2,433 15,227 3,640 add back amortization of transaction costs 539 480 2,071 2,082 Tax effect on add back items at estimated tax rate (6,450 ) (2,852 ) (19,053 ) (10,856 ) Adjusted Net Income $ 23,957 $ 25,619 $ 62,612 $ 112,250 Total add back items $ 15,051 $ 6,654 $ 44,456 $ 25,330 Impact add back items per share $ 0.25 $ 0.10 $ 0.74 $ 0.42 Earnings per share (basic) $ 0.15 $ 0.32 $ 0.30 $ 1.45 Adjusted EPS $ 0.40 $ 0.42 $ 1.04 $ 1.87 Consolidated Statements of Operations of Orion Engineered Carbons S.A. for the three months and fiscal years ended December 31, 2020 and 2019 Three Months Ended December 31, Years Ended December 31, (In thousands, except per share amounts) 2020 2019 2020 2019 Net sales $ 315,692 $ 322,428 $ 1,136,383 $ 1,476,353 Cost of sales 226,662 233,440 844,034 1,086,644 Gross profit 89,030 88,987 292,348 389,708 Selling, general and administrative expenses 49,919 49,556 176,140 206,886 Research and development costs 3,444 5,038 20,201 19,874 Other expenses, net 2,537 2,002 14,066 12,169 Restructuring expenses 7,559 (205 ) 7,559 3,628 Income from operations 25,571 32,596 74,382 147,151 Interest and other financial expense, net 10,014 7,063 38,671 27,572 Reclassification of actuarial losses from AOCI 2,591 9,916 Income from operations before income tax expense and equity in earnings of affiliated companies 12,966 25,533 25,795 119,579 Income tax expense 4,126 6,701 8,132 33,216 Equity in earnings of affiliated companies, net of tax 67 134 493 558 Net income $ 8,906 $ 18,965 $ 18,156 $ 86,920 Weighted-average shares outstanding (in thousands of shares): Basic 60,487 60,221 60,430 59,986 Diluted 61,731 61,490 61,407 61,300 Earnings per share: Basic $ 0.15 $ 0.32 $ 0.30 $ 1.45 Diluted $ 0.15 $ 0.31 $ 0.30 $ 1.42 Consolidated Balance Sheets of Orion Engineered Carbons S.A. as at December 31, 2020 and 2019 December 31, (In thousands, except share amounts) 2020 2019 Current assets Cash and cash equivalents $ 64,869 $ 63,726 Accounts receivable, net of expected credit losses of $5,794 and 6,632 234,796 212,565 Other current financial assets 3,630 11,347 Inventories, net 141,461 164,799 Income tax receivables 11,249 17,924 Prepaid expenses and other current assets 44,452 37,358 Total current assets 500,456 507,718 Property, plant and equipment, net 610,530 534,054 Operating lease right-of-use assets 85,639 27,532 Goodwill 84,480 77,341 Intangible assets, net 46,772 50,596 Investment in equity method affiliates 5,637 5,232 Deferred income tax assets 52,563 48,720 Other financial assets 761 2,501 Other assets 2,956 3,701 Total non-current assets 889,337 749,676 Total assets $ 1,389,793 $ 1,257,394 Current liabilities Accounts payable $ 131,250 $ 156,298 Current portion of long term debt and other financial liabilities 82,618 36,410 Current portion of employee benefit plan obligation 1,118 908 Accrued liabilities 49,176 44,931 Income taxes payable 23,906 14,154 Other current liabilities 36,676 32,509 Total current liabilities 324,745 285,211 Long-term debt, net 655,826 630,261 Employee benefit plan obligation 83,310 71,901 Deferred income tax liabilities 38,770 43,308 Other liabilities 106,131 40,701 Total non-current liabilities 884,036 786,171 Commitments and contingencies Stockholders' equity Common stock Authorized: 65,035,579 and 65,035,579 shares with no par value Issued 60,992,259 and 60,729,289 shares with no par value Outstanding 60,487,117 and 60,224,147 shares 85,323 85,032 Less 505,142 and 505,142 shares of common treasury stock, at cost (8,515 ) (8,515 ) Additional paid-in capital 68,502 65,562 Retained earnings 84,407 78,296 Accumulated other comprehensive loss (48,705 ) (34,362 ) Total stockholders' equity 181,013 186,013 Total liabilities and stockholders' equity $ 1,389,793 $ 1,257,394 Consolidated Statements of Cash Flows of Orion Engineered Carbons S.A. Years Ended December 31, (In thousands) 2020 2019 2018 Cash flows from operating activities: Net income $ 18,156 $ 86,920 $ 121,310 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation of property, plant and equipment and amortization of intangible assets 96,526 96,713 98,156 Amortization of debt issuance costs 2,071 2,082 2,220 Share-based incentive compensation 4,434 9,438 13,919 Deferred tax (benefit)/provision (12,146 ) 15,826 (3,634 ) Foreign currency transactions (4,900 ) 1,052 2,782 Reclassification of actuarial losses from AOCI 9,916 Other operating non-cash items 118 1,813 1,165 Changes in operating assets and liabilities, net of effects of businesses acquired: (Increase)/decrease in trade receivables (16,501 ) 45,412 (39,680 ) (Increase)/decrease in inventories 29,951 16,413 (31,406 ) Increase/(decrease) in trade payables (18,732 ) (12,036 ) 5,444 Increase/(decrease) in provisions 2,308 (10,375 ) (4,427 ) Increase/(decrease) in tax liabilities 16,398 (7,254 ) 4,843 Increase/(decrease) in other assets and liabilities (2,320 ) (14,497 ) (48,707 ) Net cash provided by operating activities $ 125,278 $ 231,507 $ 121,985 Cash flows from investing activities: Cash paid for the acquisition of intangible assets and property, plant and equipment $ (144,939 ) $ (155,848 ) $ (116,157 ) Acquisition of businesses, net of cash and cash equivalents acquired (36,571 ) Cash received from the disposal of intangible assets and property, plant and equipment 64,672 Net cash used in investing activities $ (144,939 ) $ (155,848 ) $ (88,056 ) Cash flows from financing activities: Payments for debt issue costs (1,721 ) (741 ) Repayments of long-term debt (8,190 ) (8,036 ) (8,288 ) Cash inflows related to current financial liabilities 206,076 96,956 48,963 Cash outflows related to current financial liabilities (171,095 ) (101,303 ) (26,370 ) Dividends paid to shareholders (12,045 ) (48,033 ) (47,665 ) Repurchase of common stock (4,926 ) Taxes paid for shares issued under net settlement feature (1,202 ) (6,475 ) (4,741 ) Net cash from (used in) financing activities $ 13,543 $ (68,612 ) $ (43,768 ) Increase (decrease) in cash, cash equivalents and restricted cash $ (6,118 ) $ 7,047 $ (9,839 ) Cash, cash equivalents and restricted cash at the beginning of the period 68,231 61,604 75,213 Effect of exchange rate changes on cash 5,753 (420 ) (3,770 ) Cash, cash equivalents and restricted cash at the end of the period $ 67,865 $ 68,231 $ 61,604 Less restricted cash at the end of the period 2,996 4,505 4,588 Cash and cash equivalents at the end of the period $ 64,869 $ 63,726 $ 57,016 Cash paid for interest, net $ (20,769 ) $ (20,399 ) $ (24,367 ) Cash paid for income taxes $ (7,930 ) $ (24,106 ) $ (60,228 ) Supplemental disclosure of non-cash activity: Liabilities under build-to-suit lease $ $ $ 28,657 Liabilities for leasing - current $ 14,005 $ 6,254 $ Liabilities for leasing - non-current $ 52,593 $ 26,280 $ The accompanying notes are an integral part of these consolidated financial statements.
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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: CINCINNATI, May 13, 2020 /PRNewswire/ -- When Cincinnati Children's asked local musicians to collaborate for an uplifting project to make patients, families and employees feel good during an uncertain time, dozens of them pulled through. They performed "Lean On Me" from their living rooms. Cincinnati musicians collaborate with Cincinnati Childrens to perform Lean On Me Cincinnati musicians collaborate with Cincinnati Childrens to perform Lean On Me At Cincinnati Children's, we know we don't carry the burden of this tough time alone. Cincinnati musicians are among those showing us we have each other to lean on. To view the video, click on this link.Special thanks to those who lent their time and talents for this Cincinnati Children's community collaboration: Aaron Smith - Vocals/FiddleAlex Thompson - DrumsBob Nyswonger - BassBrian Lovely - GuitarBrian Wallen - Vocals/GuitarChristina Nam - ViolinDee Marie - VocalsDixie Karas - VocalsErica Nam - ViolinKelly Richey - GuitarKim Taylor - VocalsLeslie Mills - VocalsMike Hodges - DrumsMike Oberst- Vocals/BanjoMike Tittel - Drums/PercussionMolly Wallen - VocalsPaul Otten - Vocals/PianoRicky Nye - Electric PianoRob Fetters- GuitarRoger Glug - GuitarTed Karas - GuitarTyler Randal - SitarWalt Coleman - BassWesley Smith - Vocals/HarmonicaMatt Hueneman - Mix EngineerRobert Mills - Director/EditorTanya Leach - Cincinnati Children's Video Managerwww.cincinnatichildrens.org SOURCE Cincinnati Children's Hospital Medical Center Related Links https://www.cincinnatichildrens.org Answer:
Local Musicians Perform Song Together to Lift Spirits Cincinnati musicians collaborate with Cincinnati Children's to perform "Lean On Me"
CINCINNATI, May 13, 2020 /PRNewswire/ -- When Cincinnati Children's asked local musicians to collaborate for an uplifting project to make patients, families and employees feel good during an uncertain time, dozens of them pulled through. They performed "Lean On Me" from their living rooms. Cincinnati musicians collaborate with Cincinnati Childrens to perform Lean On Me Cincinnati musicians collaborate with Cincinnati Childrens to perform Lean On Me At Cincinnati Children's, we know we don't carry the burden of this tough time alone. Cincinnati musicians are among those showing us we have each other to lean on. To view the video, click on this link.Special thanks to those who lent their time and talents for this Cincinnati Children's community collaboration: Aaron Smith - Vocals/FiddleAlex Thompson - DrumsBob Nyswonger - BassBrian Lovely - GuitarBrian Wallen - Vocals/GuitarChristina Nam - ViolinDee Marie - VocalsDixie Karas - VocalsErica Nam - ViolinKelly Richey - GuitarKim Taylor - VocalsLeslie Mills - VocalsMike Hodges - DrumsMike Oberst- Vocals/BanjoMike Tittel - Drums/PercussionMolly Wallen - VocalsPaul Otten - Vocals/PianoRicky Nye - Electric PianoRob Fetters- GuitarRoger Glug - GuitarTed Karas - GuitarTyler Randal - SitarWalt Coleman - BassWesley Smith - Vocals/HarmonicaMatt Hueneman - Mix EngineerRobert Mills - Director/EditorTanya Leach - Cincinnati Children's Video Managerwww.cincinnatichildrens.org SOURCE Cincinnati Children's Hospital Medical Center Related Links https://www.cincinnatichildrens.org
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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: BANGALORE, India, May 4, 2020 /PRNewswire/ -- The global testing, inspection and certification market size was estimated at USD 8.720 Billion in 2018 and is projected to hit USD 12.700 Billion by 2025. The field of testing, inspection, and certification consists of conformity assessment bodies that offer services ranging from auditing and inspection to monitoring, verification, quality assurance, and certification. The sector consists of the services, both in-house and outsourced. This report focuses on the status of global testing, inspection and certification, future outlook, opportunities for development, key industry, and key players. The study goals are to address the production of research, inspection, and qualification in the USA, Europe, and China. View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-36X63/global-testing-inspection-and-certification TRENDS INFLUENCING THE TIC MARKET SHARE Rising global demand for materials, products, systems, and processes regulation; ever-increasing trade flows; global integration of supply chains; and increased corporate outsourcing of R&D activities as well as quality assurance work to third parties have driven the TIC industry's long-term expansion. Agriculture and the food industries are founded on the principles of health and sustainability, and it is very important to track these principles closely. In order to guarantee quality and improve the productivity of food products, TIC services are required for the agricultural industry. These programs also help companies that play a crucial role in trading agricultural goods and food products through the acquisition of foreign certifications. This application of TIC in the agriculture and food industry is expected to increase the TIC market size. Augmented reality, next-generation automation, blockchain, mobile devices, big data and analytics, cloud and cybersecurity, and smart sensors are many innovations that play an important role in delivering better TIC services. Additionally, intelligent sensors embedded in the products for remote monitoring and inspection. This capability leads to continuous safety and security tests, which can further assist in predictive maintenance. The increasing implementation of the latest technology is expected to impact the TIC market size. The implementation of renewable energy generation projects will also improve the demand for Testing, Inspection, and Certification (TIC) market. Following the recent COVID-19 outbreak, the market for testing, inspection, and certification plays a critical role in ensuring that the goods and services provided to consumers, especially in the healthcare sector, meet the fundamental criteria for safety and health. The TIC council has advised the respective countries to continue to provide the TIC services for workplace plant and machinery health. Inquire for Free Sample Report: https://reports.valuates.com/request/sample/QYRE-Auto-36X63/Global_Testing_Inspection_and_Certification_Market TIC MARKET SHARE ANALYSIS Europe holds the largest TIC market share for revenue, which accounts for over 38.51 % in 2017. North America is in second place with a market share of 27.38 % for sales. Asia-Pacific holds a significant TIC market share for sale, which accounts to over 22 %. The Asia Pacific area is characterized by a large number of populations having improved purchasing power, continuous automation investments, and growing policy emphasis on strict TIC services regulations. It is also anticipated that substantially expanded deployment of renewable energy generation projects would fuel demand for market monitoring, inspection, and certification services. Inquire for Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-36X63/Global_Testing_Inspection_and_Certification_Market THE KEY PLAYERS COVERED IN THIS STUDY SGS Group Bureau Veritas Dekra Certification Intertek TUV SUD Eurofins Scientific DNV TUV Rheinland UL LLC ALS Limited TUV Nord Group Mistras Group SAI Global BSI Group Exova Group Others. TIC MARKET SEGMENT BY TYPE, THE PRODUCT CAN BE SPLIT INTO In-House Outsourced TIC MARKET SEGMENT BY APPLICATION, SPLIT INTO Consumer Product Commodities Industry LFE Others. TIC MARKET SEGMENT BY REGIONS/COUNTRIES, THIS REPORT COVERS United States Europe China Japan Southeast Asia India Central & South America. BUY NOW: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-36X63 SIMILAR REPORTS : Testing, Inspection And Certification for Apparel Footwear Handbags Market Report In 2018, the global Testing, Inspection and Certification for Apparel Footwear Handbags Market size was USD 5.088 Billion and was forecast to hit USD 7.065 Billion by the end of 2025, at a CAGR of 4.8 percent in 2019-2025. Exports of Apparel / Footwear / Handbags Industries from developing regions and the growth of the demand for technical apparel/footwear / Handbags Industries are some of the factors driving the TIC market. View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-287/global-testing-inspection-and-certification-tic-for-apparel-footwear-hand-bags Automotive Testing, Inspection and Certification Market The global Automotive Testing, Inspection and Certification Market size was USD 14.000 Billion in 2018 and is forecast to hit USD 20.500 Billion by the end of 2025, at a CAGR of 5.6% in 2019-2025. The Automotive Testing, Inspection, and Certification (TIC) industry consists of compliance evaluation bodies offering services ranging from auditing and examination to monitoring, verification, quality control, and certification. Thanks to the involvement of some of the world's leading car manufacturers and a rapidly growing domestic automotive industry, Europe dominated the automotive testing, inspection, and certification (TIC) market in 2017 with 43.7 percent share. View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-025/global-automotive-testing-inspection-and-certification Testing, Inspection and Certification Services Market This study focuses on the status of global services for testing, inspection, and certification, future outlook, growth potential, key industry, and key players. The objective of the report is to present the development of testing, inspection, and certification services in the USA, Europe, and China. View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-3L248/testing-inspection-and-certification-services ABOUT US: Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs. Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs. Valuates is curating premium Market Research Reports from the leading publishers around the globe. We will help you map your information needs to our report repository of Market research reports and guide you through your purchasing decision. We are based out of Silicon Valley of India (Bengaluru) and provide 24/6 online and offline support to all our customers and just a phone call away. CONTACT US: Valuates Reports [emailprotected]For U.S. Toll Free Call +1-(315)-215-3225For IST Call +91-8040957137WhatsApp : +91 9945648335Website:https://reports.valuates.com Twitter - https://twitter.com/valuatesreportsLinkedin - https://in.linkedin.com/company/valuatesreports Facebook - https://www.facebook.com/valuatesreports/ SOURCE Valuates Reports Answer:
Testing, Inspection and Certification (TIC) Market Size to Reach USD 12.700 Billion by 2025 - Valuates Reports English English
BANGALORE, India, May 4, 2020 /PRNewswire/ -- The global testing, inspection and certification market size was estimated at USD 8.720 Billion in 2018 and is projected to hit USD 12.700 Billion by 2025. The field of testing, inspection, and certification consists of conformity assessment bodies that offer services ranging from auditing and inspection to monitoring, verification, quality assurance, and certification. The sector consists of the services, both in-house and outsourced. This report focuses on the status of global testing, inspection and certification, future outlook, opportunities for development, key industry, and key players. The study goals are to address the production of research, inspection, and qualification in the USA, Europe, and China. View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-36X63/global-testing-inspection-and-certification TRENDS INFLUENCING THE TIC MARKET SHARE Rising global demand for materials, products, systems, and processes regulation; ever-increasing trade flows; global integration of supply chains; and increased corporate outsourcing of R&D activities as well as quality assurance work to third parties have driven the TIC industry's long-term expansion. Agriculture and the food industries are founded on the principles of health and sustainability, and it is very important to track these principles closely. In order to guarantee quality and improve the productivity of food products, TIC services are required for the agricultural industry. These programs also help companies that play a crucial role in trading agricultural goods and food products through the acquisition of foreign certifications. This application of TIC in the agriculture and food industry is expected to increase the TIC market size. Augmented reality, next-generation automation, blockchain, mobile devices, big data and analytics, cloud and cybersecurity, and smart sensors are many innovations that play an important role in delivering better TIC services. Additionally, intelligent sensors embedded in the products for remote monitoring and inspection. This capability leads to continuous safety and security tests, which can further assist in predictive maintenance. The increasing implementation of the latest technology is expected to impact the TIC market size. The implementation of renewable energy generation projects will also improve the demand for Testing, Inspection, and Certification (TIC) market. Following the recent COVID-19 outbreak, the market for testing, inspection, and certification plays a critical role in ensuring that the goods and services provided to consumers, especially in the healthcare sector, meet the fundamental criteria for safety and health. The TIC council has advised the respective countries to continue to provide the TIC services for workplace plant and machinery health. Inquire for Free Sample Report: https://reports.valuates.com/request/sample/QYRE-Auto-36X63/Global_Testing_Inspection_and_Certification_Market TIC MARKET SHARE ANALYSIS Europe holds the largest TIC market share for revenue, which accounts for over 38.51 % in 2017. North America is in second place with a market share of 27.38 % for sales. Asia-Pacific holds a significant TIC market share for sale, which accounts to over 22 %. The Asia Pacific area is characterized by a large number of populations having improved purchasing power, continuous automation investments, and growing policy emphasis on strict TIC services regulations. It is also anticipated that substantially expanded deployment of renewable energy generation projects would fuel demand for market monitoring, inspection, and certification services. Inquire for Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-36X63/Global_Testing_Inspection_and_Certification_Market THE KEY PLAYERS COVERED IN THIS STUDY SGS Group Bureau Veritas Dekra Certification Intertek TUV SUD Eurofins Scientific DNV TUV Rheinland UL LLC ALS Limited TUV Nord Group Mistras Group SAI Global BSI Group Exova Group Others. TIC MARKET SEGMENT BY TYPE, THE PRODUCT CAN BE SPLIT INTO In-House Outsourced TIC MARKET SEGMENT BY APPLICATION, SPLIT INTO Consumer Product Commodities Industry LFE Others. TIC MARKET SEGMENT BY REGIONS/COUNTRIES, THIS REPORT COVERS United States Europe China Japan Southeast Asia India Central & South America. BUY NOW: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-36X63 SIMILAR REPORTS : Testing, Inspection And Certification for Apparel Footwear Handbags Market Report In 2018, the global Testing, Inspection and Certification for Apparel Footwear Handbags Market size was USD 5.088 Billion and was forecast to hit USD 7.065 Billion by the end of 2025, at a CAGR of 4.8 percent in 2019-2025. Exports of Apparel / Footwear / Handbags Industries from developing regions and the growth of the demand for technical apparel/footwear / Handbags Industries are some of the factors driving the TIC market. View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-287/global-testing-inspection-and-certification-tic-for-apparel-footwear-hand-bags Automotive Testing, Inspection and Certification Market The global Automotive Testing, Inspection and Certification Market size was USD 14.000 Billion in 2018 and is forecast to hit USD 20.500 Billion by the end of 2025, at a CAGR of 5.6% in 2019-2025. The Automotive Testing, Inspection, and Certification (TIC) industry consists of compliance evaluation bodies offering services ranging from auditing and examination to monitoring, verification, quality control, and certification. Thanks to the involvement of some of the world's leading car manufacturers and a rapidly growing domestic automotive industry, Europe dominated the automotive testing, inspection, and certification (TIC) market in 2017 with 43.7 percent share. View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-025/global-automotive-testing-inspection-and-certification Testing, Inspection and Certification Services Market This study focuses on the status of global services for testing, inspection, and certification, future outlook, growth potential, key industry, and key players. The objective of the report is to present the development of testing, inspection, and certification services in the USA, Europe, and China. View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-3L248/testing-inspection-and-certification-services ABOUT US: Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs. Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs. Valuates is curating premium Market Research Reports from the leading publishers around the globe. We will help you map your information needs to our report repository of Market research reports and guide you through your purchasing decision. We are based out of Silicon Valley of India (Bengaluru) and provide 24/6 online and offline support to all our customers and just a phone call away. CONTACT US: Valuates Reports [emailprotected]For U.S. Toll Free Call +1-(315)-215-3225For IST Call +91-8040957137WhatsApp : +91 9945648335Website:https://reports.valuates.com Twitter - https://twitter.com/valuatesreportsLinkedin - https://in.linkedin.com/company/valuatesreports Facebook - https://www.facebook.com/valuatesreports/ SOURCE Valuates Reports
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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: HOBOKEN, N.J., Jan. 19, 2021 /PRNewswire/ --Noteworth, a first-of-its-kind transformative virtual care delivery platform, today released findings of their latest survey highlighting the ways in which digital medicine platforms helped organizations navigate the challenges presented by the COVID-19 pandemic. Of the more than 250 medical professionals surveyed, two-thirds (68%) believe that healthcare organizations will continue engaging with patients via digital healthcare platforms post-pandemic. The COVID-19 pandemic has created many challenges for America's healthcare community. For a growing number of health systems and group practices around the country, greater use of digital medicine platforms will continue to be a way to treat patients effectively without a disruption in care due to pandemic-related factors. 86% of those surveyed felt that digital medicine platforms have greatly stepped-up their ability to deliver care and increase efficacy with their patients. Additionally, 47% noted that having a specialized data report that gives an overall view of the patient's medical history was a key element in navigating the challenges that arose due to the pandemic. "The survey results reinforce what we here at Noteworth have been saying all along; the availability of transformative virtual care tools allows providers to have greater engagement with and accountability for their patients and care team," said Justin Williams, Co-founder and CEO of Noteworth. "In 2021, we expect to see even more of a focus on the importance of platforms like Noteworth, where clinicians are equipped with longitudinal patient data allowing them to deliver more personalized and proactive care that reduces the demand of costly care points and improves health outcomes." A majority of respondents (59%) said that the most significant benefit of using digital medicine platforms are remote monitoring and management for improved care. In addition, 56% said that patient engagement was a key advantage while another 49% said better access to care played a big part in the benefits of digital medicine. Additional key findings include: 85% of healthcare providers noted social distancing as a way in which they have worked to protect patient safety during COVID-19 50% said that virtual video visits were the most important for healthcare providers to deliver the best virtual care services through a digital healthcare platform Noteworth provides a comprehensive and scalable virtual care delivery platform that enables continuous, high-touch patient care and engagement across multiple specialties and chronic conditions. The platform combinespatient engagement and behavioral interventions with built-in alerts to increase touchpoints and pass key information to clinical staff to facilitate proactive interventions, improve patient outcomes, and decrease care costs.To learn more about Noteworth, visit our website. Survey Methodology:This SurveyMonkey online survey was conducted inDecember 2020. The survey sampled more than 250 U.S.-based healthcare professionals. About NoteworthNoteworth, a Digital Healthcare Delivery SaaS pioneer, modernizes digital medicine delivery operations. Our innovative cloud-based, HIPAA-compliant platform provides unprecedented healthcare data collection, assessment and proactive intervention for remote patient monitoring, with a focus on patient engagement. Noteworth enriches the ambulatory patient experience and allows clinicians to practice at the top of their licenses by easily and effectively producing and managing the data that confirms superior clinical outcomes, reducing cost of care and improving patient safety and satisfaction. Noteworth is a privately held company headquartered inJersey City, New Jersey. To learn more about Noteworth please visitwww.noteworth.com Media ContactDanielle ScottoLumina Communications for Noteworth[emailprotected] SOURCE Noteworth Related Links http://www.noteworth.com Answer:
Survey: Healthcare Industry Will Continue to Embrace Digital Healthcare Platforms in 2021 Noteworth Study Highlights Benefits of the use of Digital Medicine
HOBOKEN, N.J., Jan. 19, 2021 /PRNewswire/ --Noteworth, a first-of-its-kind transformative virtual care delivery platform, today released findings of their latest survey highlighting the ways in which digital medicine platforms helped organizations navigate the challenges presented by the COVID-19 pandemic. Of the more than 250 medical professionals surveyed, two-thirds (68%) believe that healthcare organizations will continue engaging with patients via digital healthcare platforms post-pandemic. The COVID-19 pandemic has created many challenges for America's healthcare community. For a growing number of health systems and group practices around the country, greater use of digital medicine platforms will continue to be a way to treat patients effectively without a disruption in care due to pandemic-related factors. 86% of those surveyed felt that digital medicine platforms have greatly stepped-up their ability to deliver care and increase efficacy with their patients. Additionally, 47% noted that having a specialized data report that gives an overall view of the patient's medical history was a key element in navigating the challenges that arose due to the pandemic. "The survey results reinforce what we here at Noteworth have been saying all along; the availability of transformative virtual care tools allows providers to have greater engagement with and accountability for their patients and care team," said Justin Williams, Co-founder and CEO of Noteworth. "In 2021, we expect to see even more of a focus on the importance of platforms like Noteworth, where clinicians are equipped with longitudinal patient data allowing them to deliver more personalized and proactive care that reduces the demand of costly care points and improves health outcomes." A majority of respondents (59%) said that the most significant benefit of using digital medicine platforms are remote monitoring and management for improved care. In addition, 56% said that patient engagement was a key advantage while another 49% said better access to care played a big part in the benefits of digital medicine. Additional key findings include: 85% of healthcare providers noted social distancing as a way in which they have worked to protect patient safety during COVID-19 50% said that virtual video visits were the most important for healthcare providers to deliver the best virtual care services through a digital healthcare platform Noteworth provides a comprehensive and scalable virtual care delivery platform that enables continuous, high-touch patient care and engagement across multiple specialties and chronic conditions. The platform combinespatient engagement and behavioral interventions with built-in alerts to increase touchpoints and pass key information to clinical staff to facilitate proactive interventions, improve patient outcomes, and decrease care costs.To learn more about Noteworth, visit our website. Survey Methodology:This SurveyMonkey online survey was conducted inDecember 2020. The survey sampled more than 250 U.S.-based healthcare professionals. About NoteworthNoteworth, a Digital Healthcare Delivery SaaS pioneer, modernizes digital medicine delivery operations. Our innovative cloud-based, HIPAA-compliant platform provides unprecedented healthcare data collection, assessment and proactive intervention for remote patient monitoring, with a focus on patient engagement. Noteworth enriches the ambulatory patient experience and allows clinicians to practice at the top of their licenses by easily and effectively producing and managing the data that confirms superior clinical outcomes, reducing cost of care and improving patient safety and satisfaction. Noteworth is a privately held company headquartered inJersey City, New Jersey. To learn more about Noteworth please visitwww.noteworth.com Media ContactDanielle ScottoLumina Communications for Noteworth[emailprotected] SOURCE Noteworth Related Links http://www.noteworth.com
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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 22, 2021 /PRNewswire/ --On Wednesday, March 24that 3:00pm ET, 5WPR and Black PR Girl Magicare teaming up to host an honest, live, online conversation in honor of Women's History Month. Women leaders in PR and media will join together to discuss the challenges and victories on their paths to success. Dara A. Busch, 5WPR Consumer President, will moderate the panel discussion featuring Zozibini Tunzi, the reigning Miss Universe; Suejin Kim, Senior Vice President of Consumer Packaged Goods at 5WPR; Tahajah Samuels, Founder of Black PR Girl Magic; Ashley Barton, Vice President of Lifestyle at 5WPR; and Jen Ortiz, Deputy Editor at Cosmopolitan Magazine. Panelists will engage in an open conversation addressing what inspired them to pursue their career in PR or media, representation and equality within the industry, personal anecdotes, and advice for the next generation of female professionals. "We are thrilled to bring these strong women together for a raw and empowering conversation, as well as provide guidance for aspiring female leaders," said 5WPR President, Dara A. Busch. "It's inspiring to see this diverse group a prominent celebrity, a best-selling women's magazine editor, executives from a top PR firm, and the founder of a social community and digital platform dedicated solely to Black women all come together to celebrate their successes in recognition of Women's History Month." "It's an honor to partner with 5WPR on an impactful webinar featuring a dynamic group of women in public relations and media," shared Black PR Girl Magic founder, Tahajah Samuels. "Excited for a passionate conversation centered on women in the industry as we continue to celebrate and highlight all that we were, are and will be; and not just this month, at that." The ongoing partnership between 5WPR and Black PR Girl Magic launched in July 2020 with 5W inviting members of their community to join internal 5W University courses. The partnership has continued to expand with 5W recruiting members of the community to join the agency at a professional level, and additional events and initiatives to be announced this year. Register for the Women in PR & Media Webinar here. About 5W Public Relations5W Public Relations is a full-service PR agency in NYC known for cutting-edge programs that engage with businesses, issues and ideas. With more than 200 professionals serving clients in B2C (Beauty & Fashion, Consumer Brands, Entertainment, Food & Beverage, Health & Wellness, Travel & Hospitality, Technology, Nonprofit), B2B (Corporate Communications and Reputation Management), Public Affairs, Crisis Communications and digital strategy. 5W brings leading businesses a resourceful, bold and results-driven approach to communication. 5W was awarded 2020 PR Agency of The Year and CEO Ronn Torossian, was named 2020 Entrepreneur of the Year by the American Business Awards. Media ContactRonn Torossian[emailprotected]/ 212-999-5585 SOURCE 5W Public Relations Answer:
5W Public Relations and Black PR Girl Magic Partner To Host "Celebrating and Empowering Women in PR & Media" in Honor of Women's History Month
NEW YORK, March 22, 2021 /PRNewswire/ --On Wednesday, March 24that 3:00pm ET, 5WPR and Black PR Girl Magicare teaming up to host an honest, live, online conversation in honor of Women's History Month. Women leaders in PR and media will join together to discuss the challenges and victories on their paths to success. Dara A. Busch, 5WPR Consumer President, will moderate the panel discussion featuring Zozibini Tunzi, the reigning Miss Universe; Suejin Kim, Senior Vice President of Consumer Packaged Goods at 5WPR; Tahajah Samuels, Founder of Black PR Girl Magic; Ashley Barton, Vice President of Lifestyle at 5WPR; and Jen Ortiz, Deputy Editor at Cosmopolitan Magazine. Panelists will engage in an open conversation addressing what inspired them to pursue their career in PR or media, representation and equality within the industry, personal anecdotes, and advice for the next generation of female professionals. "We are thrilled to bring these strong women together for a raw and empowering conversation, as well as provide guidance for aspiring female leaders," said 5WPR President, Dara A. Busch. "It's inspiring to see this diverse group a prominent celebrity, a best-selling women's magazine editor, executives from a top PR firm, and the founder of a social community and digital platform dedicated solely to Black women all come together to celebrate their successes in recognition of Women's History Month." "It's an honor to partner with 5WPR on an impactful webinar featuring a dynamic group of women in public relations and media," shared Black PR Girl Magic founder, Tahajah Samuels. "Excited for a passionate conversation centered on women in the industry as we continue to celebrate and highlight all that we were, are and will be; and not just this month, at that." The ongoing partnership between 5WPR and Black PR Girl Magic launched in July 2020 with 5W inviting members of their community to join internal 5W University courses. The partnership has continued to expand with 5W recruiting members of the community to join the agency at a professional level, and additional events and initiatives to be announced this year. Register for the Women in PR & Media Webinar here. About 5W Public Relations5W Public Relations is a full-service PR agency in NYC known for cutting-edge programs that engage with businesses, issues and ideas. With more than 200 professionals serving clients in B2C (Beauty & Fashion, Consumer Brands, Entertainment, Food & Beverage, Health & Wellness, Travel & Hospitality, Technology, Nonprofit), B2B (Corporate Communications and Reputation Management), Public Affairs, Crisis Communications and digital strategy. 5W brings leading businesses a resourceful, bold and results-driven approach to communication. 5W was awarded 2020 PR Agency of The Year and CEO Ronn Torossian, was named 2020 Entrepreneur of the Year by the American Business Awards. Media ContactRonn Torossian[emailprotected]/ 212-999-5585 SOURCE 5W Public Relations
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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, Aug. 10, 2020 /PRNewswire/ -- Seelos Therapeutics, Inc. (Nasdaq: SEEL), a clinical-stage biopharmaceutical company focused on the development of therapies for central nervous system disorders and rare diseases, today announced that, on August 7, 2020, it was notified by the Food and Drug Administration (FDA) that Seelos may proceed with initiating a Phase IIb/III trial studying SLS-005 (trehalose) for the treatment of Amyotrophic lateral sclerosis (ALS or Lou Gehrig's disease). Mutations in the C9orf72, SOD1, FUS, and TARDBP genes can cause familial ALS and contribute to the development of sporadic ALS. These mutations contribute to the death of motor neurons and ALS affected motor neurons develop a buildup of protein aggregates such as TDP-43 and SOD1. In in-vivo studies of ALS, trehalose has been shown to increase clearance of TDP-43, decrease SOD1 and SQSM1/p62 aggregates and monomers, delay the progression of the disease, preserve ventral horn motor neurons and increase muscle fiber size. "ALS is a debilitating disease which currently lacks a cure and there is significant evidence suggestive of trehalose having the potential to alter or slow the progression of ALS," said Raj Mehra Ph.D., Chairman and CEO ofSeelos. "Receiving the FDA notice that we may begin a registrational Phase IIb/III study is a transformative event for Seelos and our hope is that SLS-005 can offer a potential option for patients. The FDA signoff to begin this pivotal study allows Seelos to focus on ALS as the lead indication forSLS-005. We remain committed to our work in additional indications as well." "Several preclinical studies have demonstrated the potential of trehalose as a treatment for ALS, demonstrating preservation of motor neurons, motor function and prolonged survival. We are excited to start our clinical program for this devastating disease,"said Warren W. Wasiewski, M.D., F.A.A.P., Chief Medical Officer of Seelos. Seelos' Phase IIb/III trial plans to enroll 160 patients with either familial or sporadic ALS in a double-blind placebo-controlled trial. Patients will be randomized 3:1 (drug:placebo) and studied with a primary endpoint measuring change from baseline on Revised Amyotrophic Lateral Sclerosis Functional Rating Scale (ALSFRS-R) score at 24 weeks. Secondary endpoints will also be measured at 24 weeks, including change from baseline in slow vital capacity, muscle strength, quality of life measurements as well as additional signs of disease progression. About Trehalose Trehalose is a low molecular weight disaccharide (0.342 kDa) that crosses the blood brain barrier, stabilizes proteins and importantly, activates autophagy, which is the process that clears material from cells. In animal models of several diseases associated with abnormal cellular protein aggregation or storage of pathologic material, it has been shown to reduce aggregation of misfolded proteins and reduce accumulation of pathologic material. Trehalose activates autophagy through the activation of Transcription Factor EB (TFEB), a key factor in lysosomal and autophagy gene expression. Activation of TFEB is an emerging therapeutic target for a number of diseases with pathologic accumulation of storage material. About Amyotrophic Lateral Sclerosis (ALS) According to the National Institute of Neurological Disorders and Stroke, Amyotrophic lateral sclerosis (ALS) is a group of rare neurological diseases that mainly involve the nerve cells (neurons) responsible for controlling voluntary muscle movement. In ALS, both the upper motor neurons and the lower motor neurons degenerate or die and stop sending messages to the muscles. Unable to function, the muscles gradually weaken, start to twitch (called fasciculations), and waste away (atrophy). Eventually, the brain loses its ability to initiate and control voluntary movements. The disease is progressive, meaning the symptoms get worse over time. The majority of ALS cases (90 percent or more) are considered sporadic. This means the disease seems to occur at random with no clearly associated risk factors and no family history of the disease. Although family members of people with sporadic ALS are at an increased risk for the disease, the overall risk is very low and most will not develop ALS. Most people with ALS die from respiratory failure, usually within 3 to 5 years from when the symptoms first appear. However, about 10 percent of people with ALS survive for 10 or more years. Currently, there is no cure for ALS and no effective treatment to halt, or reverse, the progression of the disease Forward Looking Statements Statements made in this press release, which are not historical in nature, constitute forward-looking statements for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. These statements include, among others, those regarding the potential for trehalose to alter or slow the progression of ALS, the focus on ALS as the lead indication for SLS-005, other potential indications for SLS-005, the expected number of patients to be enrolled in the Phase IIb/III trial and other statements relating to the expected design and endpoints for the trial. These statements are based on Seelos' current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Risks associated with Seelos' business include, but are not limited to, the risk of not successfully executing its preclinical and clinical studies and not gaining marketing approvals for its product candidates, the risk that prior test results may not be replicated in future studies and trials, the risks that clinical study results may not meet any or all endpoints of a clinical study and that any data generated from such studies may not support a regulatory submission or approval, the risks associated with the implementation of a new business strategy, the risks related to raising capital to fund its development plans and ongoing operations, risks related to Seelos' current stock price, risks related to the global impact of COVID-19, as well as other factors expressed in Seelos' periodic filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, even if subsequently made available by us on our website or otherwise. We do not undertake any obligation to update, amend or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Contact Information: Anthony MarcianoHead of Corporate CommunicationsSeelos Therapeutics, Inc. (Nasdaq: SEEL)300 Park Ave., 12th FlNew York, NY 10022(646) 293-2136[emailprotected]https://seelostherapeutics.com/https://twitter.com/seelostxhttps://www.linkedin.com/company/seelos SOURCE Seelos Therapeutics, Inc. Related Links https://seelostherapeutics.com/ Answer:
Seelos Therapeutics Receives FDA May Proceed Notice to Initiate a Phase IIb/III Trial of SLS-005 in Amyotrophic Lateral Sclerosis
NEW YORK, Aug. 10, 2020 /PRNewswire/ -- Seelos Therapeutics, Inc. (Nasdaq: SEEL), a clinical-stage biopharmaceutical company focused on the development of therapies for central nervous system disorders and rare diseases, today announced that, on August 7, 2020, it was notified by the Food and Drug Administration (FDA) that Seelos may proceed with initiating a Phase IIb/III trial studying SLS-005 (trehalose) for the treatment of Amyotrophic lateral sclerosis (ALS or Lou Gehrig's disease). Mutations in the C9orf72, SOD1, FUS, and TARDBP genes can cause familial ALS and contribute to the development of sporadic ALS. These mutations contribute to the death of motor neurons and ALS affected motor neurons develop a buildup of protein aggregates such as TDP-43 and SOD1. In in-vivo studies of ALS, trehalose has been shown to increase clearance of TDP-43, decrease SOD1 and SQSM1/p62 aggregates and monomers, delay the progression of the disease, preserve ventral horn motor neurons and increase muscle fiber size. "ALS is a debilitating disease which currently lacks a cure and there is significant evidence suggestive of trehalose having the potential to alter or slow the progression of ALS," said Raj Mehra Ph.D., Chairman and CEO ofSeelos. "Receiving the FDA notice that we may begin a registrational Phase IIb/III study is a transformative event for Seelos and our hope is that SLS-005 can offer a potential option for patients. The FDA signoff to begin this pivotal study allows Seelos to focus on ALS as the lead indication forSLS-005. We remain committed to our work in additional indications as well." "Several preclinical studies have demonstrated the potential of trehalose as a treatment for ALS, demonstrating preservation of motor neurons, motor function and prolonged survival. We are excited to start our clinical program for this devastating disease,"said Warren W. Wasiewski, M.D., F.A.A.P., Chief Medical Officer of Seelos. Seelos' Phase IIb/III trial plans to enroll 160 patients with either familial or sporadic ALS in a double-blind placebo-controlled trial. Patients will be randomized 3:1 (drug:placebo) and studied with a primary endpoint measuring change from baseline on Revised Amyotrophic Lateral Sclerosis Functional Rating Scale (ALSFRS-R) score at 24 weeks. Secondary endpoints will also be measured at 24 weeks, including change from baseline in slow vital capacity, muscle strength, quality of life measurements as well as additional signs of disease progression. About Trehalose Trehalose is a low molecular weight disaccharide (0.342 kDa) that crosses the blood brain barrier, stabilizes proteins and importantly, activates autophagy, which is the process that clears material from cells. In animal models of several diseases associated with abnormal cellular protein aggregation or storage of pathologic material, it has been shown to reduce aggregation of misfolded proteins and reduce accumulation of pathologic material. Trehalose activates autophagy through the activation of Transcription Factor EB (TFEB), a key factor in lysosomal and autophagy gene expression. Activation of TFEB is an emerging therapeutic target for a number of diseases with pathologic accumulation of storage material. About Amyotrophic Lateral Sclerosis (ALS) According to the National Institute of Neurological Disorders and Stroke, Amyotrophic lateral sclerosis (ALS) is a group of rare neurological diseases that mainly involve the nerve cells (neurons) responsible for controlling voluntary muscle movement. In ALS, both the upper motor neurons and the lower motor neurons degenerate or die and stop sending messages to the muscles. Unable to function, the muscles gradually weaken, start to twitch (called fasciculations), and waste away (atrophy). Eventually, the brain loses its ability to initiate and control voluntary movements. The disease is progressive, meaning the symptoms get worse over time. The majority of ALS cases (90 percent or more) are considered sporadic. This means the disease seems to occur at random with no clearly associated risk factors and no family history of the disease. Although family members of people with sporadic ALS are at an increased risk for the disease, the overall risk is very low and most will not develop ALS. Most people with ALS die from respiratory failure, usually within 3 to 5 years from when the symptoms first appear. However, about 10 percent of people with ALS survive for 10 or more years. Currently, there is no cure for ALS and no effective treatment to halt, or reverse, the progression of the disease Forward Looking Statements Statements made in this press release, which are not historical in nature, constitute forward-looking statements for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. These statements include, among others, those regarding the potential for trehalose to alter or slow the progression of ALS, the focus on ALS as the lead indication for SLS-005, other potential indications for SLS-005, the expected number of patients to be enrolled in the Phase IIb/III trial and other statements relating to the expected design and endpoints for the trial. These statements are based on Seelos' current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Risks associated with Seelos' business include, but are not limited to, the risk of not successfully executing its preclinical and clinical studies and not gaining marketing approvals for its product candidates, the risk that prior test results may not be replicated in future studies and trials, the risks that clinical study results may not meet any or all endpoints of a clinical study and that any data generated from such studies may not support a regulatory submission or approval, the risks associated with the implementation of a new business strategy, the risks related to raising capital to fund its development plans and ongoing operations, risks related to Seelos' current stock price, risks related to the global impact of COVID-19, as well as other factors expressed in Seelos' periodic filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, even if subsequently made available by us on our website or otherwise. We do not undertake any obligation to update, amend or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Contact Information: Anthony MarcianoHead of Corporate CommunicationsSeelos Therapeutics, Inc. (Nasdaq: SEEL)300 Park Ave., 12th FlNew York, NY 10022(646) 293-2136[emailprotected]https://seelostherapeutics.com/https://twitter.com/seelostxhttps://www.linkedin.com/company/seelos SOURCE Seelos Therapeutics, Inc. Related Links https://seelostherapeutics.com/
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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: SUNNYVALE, Calif.--(BUSINESS WIRE)--CrowdStrike Holdings, Inc. (Nasdaq: CRWD) today announced that it is scheduled to present at the following virtual investor conferences: UBS Global TMT Virtual Conference Tuesday, December 8, 2020 Presentation Time: 9:05 a.m. PST Barclays Global Technology, Media and Telecommunications Conference Wednesday, December 9, 2020 Presentation time: 10:30 a.m. PST The presentations will be webcast live and archived on CrowdStrikes investor relations website at ir.crowdstrike.com. About CrowdStrike Holdings CrowdStrike provides cloud-delivered endpoint and cloud workload protection. Leveraging artificial intelligence (AI), the CrowdStrike Falcon platform protects customers against cyberattacks on endpoints and workloads on or off the network by offering visibility and protection across the enterprise. 2020 CrowdStrike, Inc. All rights reserved. CrowdStrike and CrowdStrike Falcon are among the trademarks of CrowdStrike, Inc. Answer:
CrowdStrike to Participate in Upcoming Investor Conferences
SUNNYVALE, Calif.--(BUSINESS WIRE)--CrowdStrike Holdings, Inc. (Nasdaq: CRWD) today announced that it is scheduled to present at the following virtual investor conferences: UBS Global TMT Virtual Conference Tuesday, December 8, 2020 Presentation Time: 9:05 a.m. PST Barclays Global Technology, Media and Telecommunications Conference Wednesday, December 9, 2020 Presentation time: 10:30 a.m. PST The presentations will be webcast live and archived on CrowdStrikes investor relations website at ir.crowdstrike.com. About CrowdStrike Holdings CrowdStrike provides cloud-delivered endpoint and cloud workload protection. Leveraging artificial intelligence (AI), the CrowdStrike Falcon platform protects customers against cyberattacks on endpoints and workloads on or off the network by offering visibility and protection across the enterprise. 2020 CrowdStrike, Inc. All rights reserved. CrowdStrike and CrowdStrike Falcon are among the trademarks of CrowdStrike, Inc.
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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: - Valtrix and C-DAC to collaborate to ensure comprehensive verification of highperformance RISC-V microprocessors. BANGALORE, INDIA, Dec. 7, 2020 /PRNewswire/ -- Valtrix Systems, provider of design verification products for building functionally correct CPU and system-on-chip implementations, announced today that Centre for Development of Advanced Computing (C-DAC), a premier R&D organization of Government of India, has licensed STING for the verification of RISC-V based designs being developed for use in a number of strategic sectors. C-DAC is collaborating with Valtrix to ensure comprehensive verification of the RISC-V processors and SoC designs developed as part of this project. STING's design verification capabilities are perfectly suited to verify these microprocessors, given its ability to generate portable self-checking stimulus across multiple device-under-test environments and to allow users to exercise architectural and micro-architectural features using its test stimulus programming framework. "We are very excited that C-DAC has selected STING for design verification of the indigenously developed microprocessors," said Shubhodeep Roy Choudhury, CEO of Valtrix. "As more complex RISC-V designs evolve, a highly complete design verification approach becomes imperative to the success of the project. Valtrix's technology has been designed to embody the best test stimulus generation methodologies and is well suited for verification of a wide variety of processors ranging from IoT/embedded to server platforms." For more information on Valtrix's design verification technology and products, visit https://www.valtrix.in About Valtrix's STING Design Verification Tool STING, the flagship product of Valtrix, is a design verification platform for RISC-V based implementations. It can be configured to generate portable bare-metal programs containing selfchecking architecturally-correct test stimulus, which can then be enabled on simulation, FPGA prototypes, emulation or silicon. STING also provides a RISC-V architecture verification suite to provide users an easy ramp into verification readiness. Connect with Valtrix at: Twitter: @ValtrixSystems LinkedIn: https://www.linkedin.com/company/valtrix-systems Media Contact: Shubhodeep Roy Choudhury [emailprotected] [emailprotected] SOURCE Valtrix Systems Answer:
C-DAC Selects Valtrix STING For Design Verification Of RISC-V Based Microprocessors USA - English USA - English
- Valtrix and C-DAC to collaborate to ensure comprehensive verification of highperformance RISC-V microprocessors. BANGALORE, INDIA, Dec. 7, 2020 /PRNewswire/ -- Valtrix Systems, provider of design verification products for building functionally correct CPU and system-on-chip implementations, announced today that Centre for Development of Advanced Computing (C-DAC), a premier R&D organization of Government of India, has licensed STING for the verification of RISC-V based designs being developed for use in a number of strategic sectors. C-DAC is collaborating with Valtrix to ensure comprehensive verification of the RISC-V processors and SoC designs developed as part of this project. STING's design verification capabilities are perfectly suited to verify these microprocessors, given its ability to generate portable self-checking stimulus across multiple device-under-test environments and to allow users to exercise architectural and micro-architectural features using its test stimulus programming framework. "We are very excited that C-DAC has selected STING for design verification of the indigenously developed microprocessors," said Shubhodeep Roy Choudhury, CEO of Valtrix. "As more complex RISC-V designs evolve, a highly complete design verification approach becomes imperative to the success of the project. Valtrix's technology has been designed to embody the best test stimulus generation methodologies and is well suited for verification of a wide variety of processors ranging from IoT/embedded to server platforms." For more information on Valtrix's design verification technology and products, visit https://www.valtrix.in About Valtrix's STING Design Verification Tool STING, the flagship product of Valtrix, is a design verification platform for RISC-V based implementations. It can be configured to generate portable bare-metal programs containing selfchecking architecturally-correct test stimulus, which can then be enabled on simulation, FPGA prototypes, emulation or silicon. STING also provides a RISC-V architecture verification suite to provide users an easy ramp into verification readiness. Connect with Valtrix at: Twitter: @ValtrixSystems LinkedIn: https://www.linkedin.com/company/valtrix-systems Media Contact: Shubhodeep Roy Choudhury [emailprotected] [emailprotected] SOURCE Valtrix Systems
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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: ST. LOUIS, Aug. 5, 2020 /PRNewswire/ --New WestBred wheat varieties will offer growers an above-average combination of yield potential and protein, continuing to drive better-performing and higher-quality varieties for the U.S. wheat industry.Both WB4401 and WB4309 are new hard red winter varieties with key disease tolerances that will provide growers more options to help improve production and enhance profitability potential. Both varieties offer improved yield potential in their regional market fits. WB4309 in Hamil, South Dakota. WB4401 in Winfield, Kansas. Adapted for the Central Plains Region, WB4401 is a medium-maturing variety that offers excellent yield potential, test weight and end-use quality. WB4401 offers a strong disease tolerance package, including intermediate leaf and stripe rust tolerance, as well as good Fusarium Head Blight (Scab) tolerance. This line also offers excellent grazing potential and very good Hessian Fly tolerance. Shaun Ohlde grew WB4401 on his farm in Palmer, Kansas, and was pleased with its performance on dryland acreage."WB4401 is a new variety that looks to be rock-solid with great yield potential," said Ohlde. "It displays excellent tillering capacity for following soybeans and is an ideal maturity for our area. WB4401 provides us the complete disease package we need on our farm including fusarium head blight tolerance."Adapted for South Dakota and the southern half of North Dakota, WB4309 is amedium to early-maturing variety with the right balance of yield, protein and standability with very good test weight and milling and baking quality. WB4309 also offers a strong disease resistance package, including good Fusarium Head Blight (Scab) resistance and very good Yellow (Stripe) Rust resistance, and is broadly adapted for the Northern region.Jim Klebsch planted WB4309 last fall into standing wheat stubble, and although his wheat crop suffered through a hard spring freeze, this new variety handled the stress and performed well on his farm in Redfield, S.D."We saw really good stands and saw zero lodging with WB4309," said Klebsch. "It grew through some very tough conditions of several days in a row with temps in the 20s. Harvested in July, the yield was in the 82 to 83 bu/acre range and protein was about 13.4. So, for our environment, that is very good performance on dryland wheat. I could not find fault with this variety. It will be popular for planting for the 2021 season because it fits this region very well."WB4401 and WB4309 are available for planting for the 2021 crop season as certified seed only (CSO) varieties. Bred from new germplasm for higher yield and protein potential with stronge disease tolerance package and pest protection, these new varieties will be available in quality-tested planting seed. Interested growers should contact their WestBred technical product manager.About WestBred WestBred wheat provides seed suppliers and their growers access to the highest yield potential wheat seed, as well as testing, education, resources and experienced representatives to help maximize their yield potential.Contact: Al Fava [emailprotected] 901-491-5545SOURCE WestBred Related Links https://www.westbred.com Answer:
WestBred Launches New Winter Wheat Lines A balance of yield, protein and standability are highlights of the new releases.
ST. LOUIS, Aug. 5, 2020 /PRNewswire/ --New WestBred wheat varieties will offer growers an above-average combination of yield potential and protein, continuing to drive better-performing and higher-quality varieties for the U.S. wheat industry.Both WB4401 and WB4309 are new hard red winter varieties with key disease tolerances that will provide growers more options to help improve production and enhance profitability potential. Both varieties offer improved yield potential in their regional market fits. WB4309 in Hamil, South Dakota. WB4401 in Winfield, Kansas. Adapted for the Central Plains Region, WB4401 is a medium-maturing variety that offers excellent yield potential, test weight and end-use quality. WB4401 offers a strong disease tolerance package, including intermediate leaf and stripe rust tolerance, as well as good Fusarium Head Blight (Scab) tolerance. This line also offers excellent grazing potential and very good Hessian Fly tolerance. Shaun Ohlde grew WB4401 on his farm in Palmer, Kansas, and was pleased with its performance on dryland acreage."WB4401 is a new variety that looks to be rock-solid with great yield potential," said Ohlde. "It displays excellent tillering capacity for following soybeans and is an ideal maturity for our area. WB4401 provides us the complete disease package we need on our farm including fusarium head blight tolerance."Adapted for South Dakota and the southern half of North Dakota, WB4309 is amedium to early-maturing variety with the right balance of yield, protein and standability with very good test weight and milling and baking quality. WB4309 also offers a strong disease resistance package, including good Fusarium Head Blight (Scab) resistance and very good Yellow (Stripe) Rust resistance, and is broadly adapted for the Northern region.Jim Klebsch planted WB4309 last fall into standing wheat stubble, and although his wheat crop suffered through a hard spring freeze, this new variety handled the stress and performed well on his farm in Redfield, S.D."We saw really good stands and saw zero lodging with WB4309," said Klebsch. "It grew through some very tough conditions of several days in a row with temps in the 20s. Harvested in July, the yield was in the 82 to 83 bu/acre range and protein was about 13.4. So, for our environment, that is very good performance on dryland wheat. I could not find fault with this variety. It will be popular for planting for the 2021 season because it fits this region very well."WB4401 and WB4309 are available for planting for the 2021 crop season as certified seed only (CSO) varieties. Bred from new germplasm for higher yield and protein potential with stronge disease tolerance package and pest protection, these new varieties will be available in quality-tested planting seed. Interested growers should contact their WestBred technical product manager.About WestBred WestBred wheat provides seed suppliers and their growers access to the highest yield potential wheat seed, as well as testing, education, resources and experienced representatives to help maximize their yield potential.Contact: Al Fava [emailprotected] 901-491-5545SOURCE WestBred Related Links https://www.westbred.com
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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, Jan. 29, 2021 /PRNewswire/ -- Betafence, global manufacturer of fencing systems, has partnered with Master Halco, the leading wholesale distributor of fencing products across the US and Canada. Betafence has named Master Halco as the North American exclusive distributor of Prism 3-D welded wire products. The Prism 3-D Fence System, engineered by world leader in perimeter solution manufacturer Betafence, provides an attractive security fence solution and high-level security alternative for chain-link. The exclusive distribution agreement between Betafence and Master Halco fortifies a partnership that will ensure customers get the best security solutions. David Dorfman, Director of Distribution: "At Betafence we understand that the need to feel safe is paramount. We are committed to protecting everything people value - this is a shared ethos with Master Halco. Our joint commitment will ensure our customers, their people, their assets, and their businesses are protected by the best." Master Halco will maintain stock of 4ft, 5ft, 6ft, and 8ft powder coated black panels of Prism 3-D Fence System and offer custom color Prism 3-D panels, ensuring a streamlined supply chain and, that surge capacity demands can be met when needed. "Our partnership with Betafence gives us a tremendous opportunity to bring additional higher-level security fencing opportunities quickly to our customers for the communities they serve," said Glenn Shenk, Master Halco Vice President of Sales and Operations. "Prism 3-D welded wire provides that extra level of security and aesthetics as an upgrade to traditional fencing for commercial, industrial, institutions, and even residential properties. Our inventory availability and supply chain partnership with Betafence brings it closer to our contractors for their needs." About Betafence(www.betafence.com) is a world market leader in perimeter protection. With 140 years of experience, Betafence prides itself on a passion for understanding their customer's security requirements and delivering a fit for purpose perimeter systems to meet even the most demanding requirements. Betafence manufactures fencing systems of renowned quality to secure people, assets, and businesses around the globe. Master Halco(www.masterhalco.com) is North America's leading manufacturer and wholesale distributor of perimeter security and fencing. Since 1961, Master Halco has been the industries' premier fencing provider for thousands of professional fence and security contractors and quality building material retailers. Master Halco offers a complete line of high-quality fence systems in both traditional and unique styles. Master Halco is a wholly owned subsidiary of ITOCHU International, Inc. Press Contact: Contact: Ali AmigoniPhone: 704-449-7641Email: [emailprotected] SOURCE Betafence Related Links http://www.betafence.com Answer:
Betafence USA Announces Exclusive Distribution Agreement With Master Halco
DALLAS, Jan. 29, 2021 /PRNewswire/ -- Betafence, global manufacturer of fencing systems, has partnered with Master Halco, the leading wholesale distributor of fencing products across the US and Canada. Betafence has named Master Halco as the North American exclusive distributor of Prism 3-D welded wire products. The Prism 3-D Fence System, engineered by world leader in perimeter solution manufacturer Betafence, provides an attractive security fence solution and high-level security alternative for chain-link. The exclusive distribution agreement between Betafence and Master Halco fortifies a partnership that will ensure customers get the best security solutions. David Dorfman, Director of Distribution: "At Betafence we understand that the need to feel safe is paramount. We are committed to protecting everything people value - this is a shared ethos with Master Halco. Our joint commitment will ensure our customers, their people, their assets, and their businesses are protected by the best." Master Halco will maintain stock of 4ft, 5ft, 6ft, and 8ft powder coated black panels of Prism 3-D Fence System and offer custom color Prism 3-D panels, ensuring a streamlined supply chain and, that surge capacity demands can be met when needed. "Our partnership with Betafence gives us a tremendous opportunity to bring additional higher-level security fencing opportunities quickly to our customers for the communities they serve," said Glenn Shenk, Master Halco Vice President of Sales and Operations. "Prism 3-D welded wire provides that extra level of security and aesthetics as an upgrade to traditional fencing for commercial, industrial, institutions, and even residential properties. Our inventory availability and supply chain partnership with Betafence brings it closer to our contractors for their needs." About Betafence(www.betafence.com) is a world market leader in perimeter protection. With 140 years of experience, Betafence prides itself on a passion for understanding their customer's security requirements and delivering a fit for purpose perimeter systems to meet even the most demanding requirements. Betafence manufactures fencing systems of renowned quality to secure people, assets, and businesses around the globe. Master Halco(www.masterhalco.com) is North America's leading manufacturer and wholesale distributor of perimeter security and fencing. Since 1961, Master Halco has been the industries' premier fencing provider for thousands of professional fence and security contractors and quality building material retailers. Master Halco offers a complete line of high-quality fence systems in both traditional and unique styles. Master Halco is a wholly owned subsidiary of ITOCHU International, Inc. Press Contact: Contact: Ali AmigoniPhone: 704-449-7641Email: [emailprotected] SOURCE Betafence Related Links http://www.betafence.com
edtsum7981
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 24, 2020 /PRNewswire/ -- The major factors for the growth of the allergy treatment market include the increasing burden of various types of allergies, increased investment by the manufacturers on the development of novel allergic treatments and rising importance for self-medication. Read the full report: https://www.reportlinker.com/p05877827/?utm_source=PRN The rising cases of allergies are expected to increase the demand of allergy immunotherapy, leading to the high growth of the market over the forecast period. According to the International Study of Asthma and Allergies in Childhood (ISAAC), about 22.1% of young children aged between 13 and 14 years are affected by hay fever, which was globally published in World Allergy Week 2016 fact sheet. As per the data published by the American College of Allergy, Asthma & Immunology, allergies are the sixth leading cause of chronic illness in the United States, with an annual cost in excess of USD 18 billion, and more than 50 million Americans suffer from allergies each year. There is an increase in the number of people suffering from food allergies among both children and adults, globally. Hence, the increasing burden of allergic diseases is expected to aid the demand for allergy treatment.Key Market TrendsSubcutaneous Immunotherapy (SCIT) is Expected to Register a High Growth RateThe subcutaneous immunotherapy (SCIT), is the most commonly used and most effective form of allergy immunotherapy and it is the only treatment available that actually changes the immune system, making it possible to prevent the development of new allergies and asthma. The rising approval of immunotherapy is the major factor driving the growth of the market. For instance, recently, in 2018, one of the major market players, Stallergenes Greer received approval from the United States Food and Drug Administration (FDA) for the extension of the indication for Oralair, an allergy immunotherapy sublingual tablet, to treat patients ages 5 to 9 with grass pollen-induced allergic rhinitis. Furthermore, governments are taking initiatives to increase the awareness about allergies among the population, for instance recently, in January 2018, the Ministry and the Japanese Society of Allergology opened a dedicated website about allergies. Thus, owing to the rising burden of allergies and awareness among the population the market is expected to witness high growth.North America is Expected to Dominate the MarketAccording to an article by Ruchi Gupta et al. published in JAMA Network Open Journal, an estimated 10.8% were food allergic at the time of the survey, whereas nearly 19% of adults believed that they were food allergic. Nearly half of food-allergic adults had at least 1 adult-onset food allergy, and 38% reported at least 1 food allergy-related emergency department visit in their lifetime.This prevalence is very high. However, the United States has a very developed healthcare System. It also invests large amounts into research and development. Hence, US healthcare has the ability to provide treatment to nearly all of its popualtion. Hence the US allergy treatment market is expected to cover a large share of the market.Competitive LandscapeThe majority of the allergy treatment products are being manufactured by the global key players. The market leaders with more funds for research and better distribution system have established their position in the market. Moreover, Asia-pacific is witnessing an emergence of some small players due to the rise of awareness and this has also helped the market to grow.Reasons to Purchase this report:- The market estimate (ME) sheet in Excel format- 3 months of analyst supportRead the full report: https://www.reportlinker.com/p05877827/?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 Answer:
Allergy Treatment Market- Growth, Trends, and Forecast (2020 - 2025)
NEW YORK, March 24, 2020 /PRNewswire/ -- The major factors for the growth of the allergy treatment market include the increasing burden of various types of allergies, increased investment by the manufacturers on the development of novel allergic treatments and rising importance for self-medication. Read the full report: https://www.reportlinker.com/p05877827/?utm_source=PRN The rising cases of allergies are expected to increase the demand of allergy immunotherapy, leading to the high growth of the market over the forecast period. According to the International Study of Asthma and Allergies in Childhood (ISAAC), about 22.1% of young children aged between 13 and 14 years are affected by hay fever, which was globally published in World Allergy Week 2016 fact sheet. As per the data published by the American College of Allergy, Asthma & Immunology, allergies are the sixth leading cause of chronic illness in the United States, with an annual cost in excess of USD 18 billion, and more than 50 million Americans suffer from allergies each year. There is an increase in the number of people suffering from food allergies among both children and adults, globally. Hence, the increasing burden of allergic diseases is expected to aid the demand for allergy treatment.Key Market TrendsSubcutaneous Immunotherapy (SCIT) is Expected to Register a High Growth RateThe subcutaneous immunotherapy (SCIT), is the most commonly used and most effective form of allergy immunotherapy and it is the only treatment available that actually changes the immune system, making it possible to prevent the development of new allergies and asthma. The rising approval of immunotherapy is the major factor driving the growth of the market. For instance, recently, in 2018, one of the major market players, Stallergenes Greer received approval from the United States Food and Drug Administration (FDA) for the extension of the indication for Oralair, an allergy immunotherapy sublingual tablet, to treat patients ages 5 to 9 with grass pollen-induced allergic rhinitis. Furthermore, governments are taking initiatives to increase the awareness about allergies among the population, for instance recently, in January 2018, the Ministry and the Japanese Society of Allergology opened a dedicated website about allergies. Thus, owing to the rising burden of allergies and awareness among the population the market is expected to witness high growth.North America is Expected to Dominate the MarketAccording to an article by Ruchi Gupta et al. published in JAMA Network Open Journal, an estimated 10.8% were food allergic at the time of the survey, whereas nearly 19% of adults believed that they were food allergic. Nearly half of food-allergic adults had at least 1 adult-onset food allergy, and 38% reported at least 1 food allergy-related emergency department visit in their lifetime.This prevalence is very high. However, the United States has a very developed healthcare System. It also invests large amounts into research and development. Hence, US healthcare has the ability to provide treatment to nearly all of its popualtion. Hence the US allergy treatment market is expected to cover a large share of the market.Competitive LandscapeThe majority of the allergy treatment products are being manufactured by the global key players. The market leaders with more funds for research and better distribution system have established their position in the market. Moreover, Asia-pacific is witnessing an emergence of some small players due to the rise of awareness and this has also helped the market to grow.Reasons to Purchase this report:- The market estimate (ME) sheet in Excel format- 3 months of analyst supportRead the full report: https://www.reportlinker.com/p05877827/?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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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: CHICAGO--(BUSINESS WIRE)--Grant Thornton LLP has launched cta.x an app that allows companies and auditors to rapidly develop and deploy automated internal-controls tests, helping them comply with laws and regulations such as Sarbanes-Oxley. It will also help companies garner new insights from their internal-compliance efforts and increase the return-on-investment in their controls testing. Controls testing is traditionally conducted by a human being assessing evidence and manually analyzing data in a spreadsheet or system for governance, risk and compliance, said Ethan Rojhani, a partner in the Risk Advisory practice at Grant Thornton. The cta.x app automates and integrates controls testing by taking existing assurance processes and applying them to the full population of procedures and policies governing controls. It then pipes the data through Grant Thorntons proprietary logic engine and produces testing results in sophisticated, customizable dashboards. Grant Thorntons Risk Advisory professionals will administer and use the cta.x app as part of their client-service delivery, while the firms clients will also be able to directly access and use cta.x. Grant Thornton has built cta.x using proprietary cloud-based software, which the firm, or client-staff auditors, configure to perform test procedures on controls data. The app can also help a company identify discrepancies before they threaten data quality or business reputation. It accepts controls data that Grant Thornton has mapped to a standard model and then provides the flexibility to tailor-test procedures to specific controls attributes. The firm can deploy cta.x in a client-specific environment within Grant Thorntons software-as-a-service model, or in the clients own environment. A new way to test effectiveness Historically, controls testing lacks real-time capabilities, which means companies cannot identify exceptions until after the testing is complete. This makes it harder for them to effectively manage risks and compliance activities, and it limits the upside benefits of controls testing. Greg Haberer, a senior manager in the Risk Advisory practice at Grant Thornton, explains that cta.x remedies these shortcomings: Our app adds intelligent automation at the front end of the controls-testing process. This increases efficiency and shifts the compliance focus from manual tasks, such as data gathering and manipulation, to higher-value activities like anomaly detection and root-cause analysis. With cta.x, companies can realize several benefits: The cta.x app is integral to Grant Thorntons overall approach to controls testing, which the firm has built on a three-step framework: Gather and prepare data; perform test procedures; and report the results. There are many benefits to controls-test automation, but to fully realize them, companies need to have the experience and knowledge to automate things correctly, notes Rojhani. With cta.x, were combining our first-of-its-kind tools with Grant Thorntons proven formula for controls testing. This changes the controls-testing equation and helps our clients take risk mitigation and efficiency to higher levels. Companies have shown a growing interest in automating their controls testing: A recent Grant Thornton survey of chief financial officers reveals that almost one-third (32 percent) claim their organizations have already deployed technology to automate their controls testing, while almost one-third more (29 percent) plan to do so within the next 12 months. Another alyx platform innovation Grant Thornton developed cta.x with the help of alyx, a digital platform it recently launched for transformation and innovation. The platform is available to all of Grant Thorntons service professionals so they can help quickly solve specific business problems for clients with new and emerging technologies. The alyx platform uses a concierge-enabled system that methodically shares business problems with teams of subject-matter specialists and technologists. These teams subsequently develop solutions by combining know-how in Grant Thorntons core service areas accounting, tax and consulting with technologies such as intelligent automation, data extraction, data cleansing, analytics and blockchain. Grant Thornton has used alyx to develop several new offerings that marry innovation and knowledge. These include: Grant Thornton expects to launch several additional offerings in the coming months that it commercializes through its alyx platform. Our alyx platform is integral to Grant Thorntons efforts to digitize our clients business-critical functions, from risk management to operational efficiency, said Joseph Brown, Grant Thorntons national managing partner of Market Innovation and Release Management. This is all about identifying the real-world challenges our clients face, and then solving them with cutting-edge solutions that we can scale across disciplines and industries. For more information about cta.x, visit www.grantthornton.com/ctax. About Grant Thornton LLP Founded in Chicago in 1924, Grant Thornton LLP (Grant Thornton) is the U.S. member firm of Grant Thornton International Ltd, one of the worlds leading organizations of independent audit, tax and advisory firms. Grant Thornton, which has revenues of $1.92 billion and operates more than 50 offices, works with a broad range of dynamic publicly and privately held companies, government agencies, financial institutions, and civic and religious organizations. Grant Thornton refers to Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. Services are delivered by the member firms. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one anothers acts or omissions. Please see grantthornton.com for further details. Answer:
Grant Thornton launches cta.x an app for rapid, automated controls testing App helps companies govern financial resources and improve regulatory compliance with intelligent automation
CHICAGO--(BUSINESS WIRE)--Grant Thornton LLP has launched cta.x an app that allows companies and auditors to rapidly develop and deploy automated internal-controls tests, helping them comply with laws and regulations such as Sarbanes-Oxley. It will also help companies garner new insights from their internal-compliance efforts and increase the return-on-investment in their controls testing. Controls testing is traditionally conducted by a human being assessing evidence and manually analyzing data in a spreadsheet or system for governance, risk and compliance, said Ethan Rojhani, a partner in the Risk Advisory practice at Grant Thornton. The cta.x app automates and integrates controls testing by taking existing assurance processes and applying them to the full population of procedures and policies governing controls. It then pipes the data through Grant Thorntons proprietary logic engine and produces testing results in sophisticated, customizable dashboards. Grant Thorntons Risk Advisory professionals will administer and use the cta.x app as part of their client-service delivery, while the firms clients will also be able to directly access and use cta.x. Grant Thornton has built cta.x using proprietary cloud-based software, which the firm, or client-staff auditors, configure to perform test procedures on controls data. The app can also help a company identify discrepancies before they threaten data quality or business reputation. It accepts controls data that Grant Thornton has mapped to a standard model and then provides the flexibility to tailor-test procedures to specific controls attributes. The firm can deploy cta.x in a client-specific environment within Grant Thorntons software-as-a-service model, or in the clients own environment. A new way to test effectiveness Historically, controls testing lacks real-time capabilities, which means companies cannot identify exceptions until after the testing is complete. This makes it harder for them to effectively manage risks and compliance activities, and it limits the upside benefits of controls testing. Greg Haberer, a senior manager in the Risk Advisory practice at Grant Thornton, explains that cta.x remedies these shortcomings: Our app adds intelligent automation at the front end of the controls-testing process. This increases efficiency and shifts the compliance focus from manual tasks, such as data gathering and manipulation, to higher-value activities like anomaly detection and root-cause analysis. With cta.x, companies can realize several benefits: The cta.x app is integral to Grant Thorntons overall approach to controls testing, which the firm has built on a three-step framework: Gather and prepare data; perform test procedures; and report the results. There are many benefits to controls-test automation, but to fully realize them, companies need to have the experience and knowledge to automate things correctly, notes Rojhani. With cta.x, were combining our first-of-its-kind tools with Grant Thorntons proven formula for controls testing. This changes the controls-testing equation and helps our clients take risk mitigation and efficiency to higher levels. Companies have shown a growing interest in automating their controls testing: A recent Grant Thornton survey of chief financial officers reveals that almost one-third (32 percent) claim their organizations have already deployed technology to automate their controls testing, while almost one-third more (29 percent) plan to do so within the next 12 months. Another alyx platform innovation Grant Thornton developed cta.x with the help of alyx, a digital platform it recently launched for transformation and innovation. The platform is available to all of Grant Thorntons service professionals so they can help quickly solve specific business problems for clients with new and emerging technologies. The alyx platform uses a concierge-enabled system that methodically shares business problems with teams of subject-matter specialists and technologists. These teams subsequently develop solutions by combining know-how in Grant Thorntons core service areas accounting, tax and consulting with technologies such as intelligent automation, data extraction, data cleansing, analytics and blockchain. Grant Thornton has used alyx to develop several new offerings that marry innovation and knowledge. These include: Grant Thornton expects to launch several additional offerings in the coming months that it commercializes through its alyx platform. Our alyx platform is integral to Grant Thorntons efforts to digitize our clients business-critical functions, from risk management to operational efficiency, said Joseph Brown, Grant Thorntons national managing partner of Market Innovation and Release Management. This is all about identifying the real-world challenges our clients face, and then solving them with cutting-edge solutions that we can scale across disciplines and industries. For more information about cta.x, visit www.grantthornton.com/ctax. About Grant Thornton LLP Founded in Chicago in 1924, Grant Thornton LLP (Grant Thornton) is the U.S. member firm of Grant Thornton International Ltd, one of the worlds leading organizations of independent audit, tax and advisory firms. Grant Thornton, which has revenues of $1.92 billion and operates more than 50 offices, works with a broad range of dynamic publicly and privately held companies, government agencies, financial institutions, and civic and religious organizations. Grant Thornton refers to Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. Services are delivered by the member firms. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one anothers acts or omissions. Please see grantthornton.com for further details.
edtsum7983
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: HALLANDALE BEACH, Fla., Feb. 10, 2021 /PRNewswire/ --1/ST RACING today announced the appointment of Aaron Gryder as the company's first Vice President, Industry Relations. Gryder will serve as a key liaison between 1/ST RACING and industry stakeholders to advance health, safety and rider reforms with a particular focus on jockey outreach, and as an ambassador for 1/ST RACING in California, Florida and Maryland to support and advance the company's mission to further develop its world-class racing operations. Gryder, based in Florida, will report directly to Aidan Butler, Chief Operating Officer, 1/ST RACINGand will be a media spokesperson for the company. He will also act as a primary point of contact for horsemen who are stabled at 1/ST RACING venues. "We are excited to welcome Aaron to the 1/ST RACING team in this vital new role," said Aidan Butler, Chief Operating Officer, 1/ST RACING. "Aaron's depth of experience as a professional jockey and work with industry stakeholders is a perfect connection to ensure our communications and relations between tracks, stakeholders and the public is transparent, detailed and consistent. His extensive knowledge of the racetrack is incredibly valuable as we continue to elevate our safety protocols and promote 1/ST RACING." "I am thrilled for the opportunity to work with the forward-thinking team at 1/ST RACING to bring our sport into the future," said Aaron Gryder, Vice President, Industry Relations, 1/ST RACING. "As a jockey I conducted myself in a manner that displayed my love for the horses and respect for the great sport of horse racing. I will bring the same enthusiasm and work ethic that helped me to be successful throughout my career as a jockey to my new role." During a transformative time in horse racing, Gryder worked closely with 1/ST RACING to introduce and implement industry-leading health and safety protocols for horses and riders at Santa Anita Park. During the early stages of the COVID-19 pandemic, he worked alongside Aidan Butler to bring the horse racing community at Santa Anita Park together to form North America's first sports bubble. This self-contained ecosystem allowed the hundreds of people who work on the backstretch, jockeys and essential racing personnel to keep the horses safe and active while protecting themselves, their livelihoods and the community. Gryder is a highly respected retired jockey with over 4,000 race wins worldwide to his credit. He has wins in some of Thoroughbred racing's most prestigious stakes races including, the Dubai World Cup (2009) and the Breeders' Cup Marathon (2012). In addition to his decades long career as a professional athlete, Gryder has worked as an On-Air Analyst for ESPN, NBC Sports, Fox Sports, the TVG Network and HRTV. He has covered the worldwide broadcast of the Dubai World Cup and the Breeders' Cup and is widely regarded as an ambassador for the sport of Thoroughbred horse racing. For more information on 1/ST please visit www.1st.com or @1/STRacing. About The Stronach Group and 1/ST The Stronach Group is a world-class technology, entertainment and real estate development company with Thoroughbred horse racing and pari-mutuel wagering at the core. The company's consumer facing brand 1/ST (pronounced "First") powers The Stronach Group's forward-thinking 1/ST RACING, 1/ST CONTENT, 1/ST TECHNOLOGY, 1/ST LIVE, and 1/ST PROPERTIES businesses, while advocating for and driving the 1/ST HORSE CAREmission. 1/ST represents The Stronach Group's continued movement toward redefining Thoroughbred horse racing and the ecosystem that drives it. 1/ST RACING drives the best-in-class horse racing operations at the company's premier racetracks and training centers including: Santa Anita Park, Golden Gate Fields and San Luis Rey Downs (California); Gulfstream Park home of the Pegasus World Cup Championship Invitational Series, Gulfstream Park West and Palm Meadows Thoroughbred Training Center (Florida); the Maryland Jockey Club at Laurel Park, Pimlico Race Course - home of the legendary Preakness Stakes, Rosecroft Raceway and Bowie Training Center (Maryland). 1/ST CONTENT is the newly formed operating group for all of 1/ST's media and content companies including: Monarch Content Management, Elite, GWS and XBTV. 1/ST TECHNOLOGY is horse racing's largest racing and gaming technology company offering world-class products via its AmTote, Xpressbet, 1/ST BET, XB SELECT, XB NET, PariMAX, and Betmix brands. 1/ST LIVE blends the worlds of sports, entertainment and hospitality by delivering uniquely curated events such as InfieldFest and Pegasus LIV Stretch Village. 1/ST PROPERTIESis responsible for the development of the company's live, work and play communities surrounding its racing venues including: The Village at Gulfstream Park (Florida) and Paddock Pointe (Maryland). As the advocate for critical industry reforms and by making meaningful investments into aftercare programs for retired horses and jockeys, 1/ST HORSE CARE represents The Stronach Group's commitment to achieving the highest level of horse and rider care and safety standards in Thoroughbred horse racing on and off the track. For more information, please visit www.1st.com. Media Contact:Tiffani Steer, Vice President, Communications, 1/ST, [emailprotected] SOURCE 1/ST Related Links http://www.1st.com Answer:
1/ST RACING Appoints Aaron Gryder As Vice President, Industry Relations
HALLANDALE BEACH, Fla., Feb. 10, 2021 /PRNewswire/ --1/ST RACING today announced the appointment of Aaron Gryder as the company's first Vice President, Industry Relations. Gryder will serve as a key liaison between 1/ST RACING and industry stakeholders to advance health, safety and rider reforms with a particular focus on jockey outreach, and as an ambassador for 1/ST RACING in California, Florida and Maryland to support and advance the company's mission to further develop its world-class racing operations. Gryder, based in Florida, will report directly to Aidan Butler, Chief Operating Officer, 1/ST RACINGand will be a media spokesperson for the company. He will also act as a primary point of contact for horsemen who are stabled at 1/ST RACING venues. "We are excited to welcome Aaron to the 1/ST RACING team in this vital new role," said Aidan Butler, Chief Operating Officer, 1/ST RACING. "Aaron's depth of experience as a professional jockey and work with industry stakeholders is a perfect connection to ensure our communications and relations between tracks, stakeholders and the public is transparent, detailed and consistent. His extensive knowledge of the racetrack is incredibly valuable as we continue to elevate our safety protocols and promote 1/ST RACING." "I am thrilled for the opportunity to work with the forward-thinking team at 1/ST RACING to bring our sport into the future," said Aaron Gryder, Vice President, Industry Relations, 1/ST RACING. "As a jockey I conducted myself in a manner that displayed my love for the horses and respect for the great sport of horse racing. I will bring the same enthusiasm and work ethic that helped me to be successful throughout my career as a jockey to my new role." During a transformative time in horse racing, Gryder worked closely with 1/ST RACING to introduce and implement industry-leading health and safety protocols for horses and riders at Santa Anita Park. During the early stages of the COVID-19 pandemic, he worked alongside Aidan Butler to bring the horse racing community at Santa Anita Park together to form North America's first sports bubble. This self-contained ecosystem allowed the hundreds of people who work on the backstretch, jockeys and essential racing personnel to keep the horses safe and active while protecting themselves, their livelihoods and the community. Gryder is a highly respected retired jockey with over 4,000 race wins worldwide to his credit. He has wins in some of Thoroughbred racing's most prestigious stakes races including, the Dubai World Cup (2009) and the Breeders' Cup Marathon (2012). In addition to his decades long career as a professional athlete, Gryder has worked as an On-Air Analyst for ESPN, NBC Sports, Fox Sports, the TVG Network and HRTV. He has covered the worldwide broadcast of the Dubai World Cup and the Breeders' Cup and is widely regarded as an ambassador for the sport of Thoroughbred horse racing. For more information on 1/ST please visit www.1st.com or @1/STRacing. About The Stronach Group and 1/ST The Stronach Group is a world-class technology, entertainment and real estate development company with Thoroughbred horse racing and pari-mutuel wagering at the core. The company's consumer facing brand 1/ST (pronounced "First") powers The Stronach Group's forward-thinking 1/ST RACING, 1/ST CONTENT, 1/ST TECHNOLOGY, 1/ST LIVE, and 1/ST PROPERTIES businesses, while advocating for and driving the 1/ST HORSE CAREmission. 1/ST represents The Stronach Group's continued movement toward redefining Thoroughbred horse racing and the ecosystem that drives it. 1/ST RACING drives the best-in-class horse racing operations at the company's premier racetracks and training centers including: Santa Anita Park, Golden Gate Fields and San Luis Rey Downs (California); Gulfstream Park home of the Pegasus World Cup Championship Invitational Series, Gulfstream Park West and Palm Meadows Thoroughbred Training Center (Florida); the Maryland Jockey Club at Laurel Park, Pimlico Race Course - home of the legendary Preakness Stakes, Rosecroft Raceway and Bowie Training Center (Maryland). 1/ST CONTENT is the newly formed operating group for all of 1/ST's media and content companies including: Monarch Content Management, Elite, GWS and XBTV. 1/ST TECHNOLOGY is horse racing's largest racing and gaming technology company offering world-class products via its AmTote, Xpressbet, 1/ST BET, XB SELECT, XB NET, PariMAX, and Betmix brands. 1/ST LIVE blends the worlds of sports, entertainment and hospitality by delivering uniquely curated events such as InfieldFest and Pegasus LIV Stretch Village. 1/ST PROPERTIESis responsible for the development of the company's live, work and play communities surrounding its racing venues including: The Village at Gulfstream Park (Florida) and Paddock Pointe (Maryland). As the advocate for critical industry reforms and by making meaningful investments into aftercare programs for retired horses and jockeys, 1/ST HORSE CARE represents The Stronach Group's commitment to achieving the highest level of horse and rider care and safety standards in Thoroughbred horse racing on and off the track. For more information, please visit www.1st.com. Media Contact:Tiffani Steer, Vice President, Communications, 1/ST, [emailprotected] SOURCE 1/ST Related Links http://www.1st.com
edtsum7984
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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, Aug. 20, 2020 /PRNewswire/ -- Partner at The Mellino Law Firm, Christopher M. Mellino was once again named to The Best Lawyers in America, an annual publication carefully curated by Best Lawyers. This is the most recent accolade he has received in his 30 years of practice in litigation concerning medical negligence, truck accident, wrongful death, defective product, birth injury, and brain injury.Attorney Mellino's Achievements and Awards Mellino Law Firm Best Lawyershas recognized Attorney Mellino more than once, as he was honored with his first listing in 2009. In the 2021 Edition, The Best Lawyers in America honored Attorney Mellino for his demonstrated prowess in Medical Malpractice Law Plaintiffs. Besides his recognition by Best Lawyers, Attorney Mellino has had other great career successes and has worked on multiple landmark cases, authored a detailed medical malpractice guide, Was It A Mistake, and founded a social justice scholarship program to connect eight-grade students with service organizations.Due to his successful representation of his clients, Attorney Mellino is a proud member of the Multi-Million Dollar Advocates Forum. This group is exclusive to lawyers who have won millions of dollars for their clients, thus less than 1% of the United States' lawyers are members.Attorney Mellino's accolades also include: Recognition by Super Lawyers since 2009 Receipt of a Martindale-Hubbell's prestigious Preeminent AV rating since 1999 Membership to the National Trial Lawyers Association Top 100 The Mellino Law FirmThe Mellino Law Firm is committed to providing clients with effective and personalized legal representation in medical malpractice litigation. The firm accepts a select few cases at a time to maximize results and focus on each client's needs. As a result, their medical malpractice attorneys have won many millions of dollars in verdicts to compensate clients for their wrongful injuries.With 30 years of experience, the firm's attorneys are qualified to represent clients in medical malpractice, birth injuries, personal injury, catastrophic injury, and wrongful death cases. As evidence of their experience, The Mellino Law Firm was ranked a Tier 2 firm in "Best Law Firms" by U.S. News Best Lawyers for medical malpractice law on the side of the plaintiff.About Best LawyersAwardsPublished on an annual basis, The Best Lawyers in America comprises the top legal professionals in the nation. After nomination, an attorney's peers confidentially review their legal abilities and community influence. The same selection process is applied to recurring listees.To read more about Attorney Mellino and his many accomplishments, visit The Mellino Law Firm at christophermellino.com. Or learn more about Best Lawyersawards online at bestlawyers.com.SOURCE The Mellino Law Firm Related Links https://www.christophermellino.com Answer:
Attorney Christopher M. Mellino Selected Once Again to Best Lawyers
CLEVELAND, Aug. 20, 2020 /PRNewswire/ -- Partner at The Mellino Law Firm, Christopher M. Mellino was once again named to The Best Lawyers in America, an annual publication carefully curated by Best Lawyers. This is the most recent accolade he has received in his 30 years of practice in litigation concerning medical negligence, truck accident, wrongful death, defective product, birth injury, and brain injury.Attorney Mellino's Achievements and Awards Mellino Law Firm Best Lawyershas recognized Attorney Mellino more than once, as he was honored with his first listing in 2009. In the 2021 Edition, The Best Lawyers in America honored Attorney Mellino for his demonstrated prowess in Medical Malpractice Law Plaintiffs. Besides his recognition by Best Lawyers, Attorney Mellino has had other great career successes and has worked on multiple landmark cases, authored a detailed medical malpractice guide, Was It A Mistake, and founded a social justice scholarship program to connect eight-grade students with service organizations.Due to his successful representation of his clients, Attorney Mellino is a proud member of the Multi-Million Dollar Advocates Forum. This group is exclusive to lawyers who have won millions of dollars for their clients, thus less than 1% of the United States' lawyers are members.Attorney Mellino's accolades also include: Recognition by Super Lawyers since 2009 Receipt of a Martindale-Hubbell's prestigious Preeminent AV rating since 1999 Membership to the National Trial Lawyers Association Top 100 The Mellino Law FirmThe Mellino Law Firm is committed to providing clients with effective and personalized legal representation in medical malpractice litigation. The firm accepts a select few cases at a time to maximize results and focus on each client's needs. As a result, their medical malpractice attorneys have won many millions of dollars in verdicts to compensate clients for their wrongful injuries.With 30 years of experience, the firm's attorneys are qualified to represent clients in medical malpractice, birth injuries, personal injury, catastrophic injury, and wrongful death cases. As evidence of their experience, The Mellino Law Firm was ranked a Tier 2 firm in "Best Law Firms" by U.S. News Best Lawyers for medical malpractice law on the side of the plaintiff.About Best LawyersAwardsPublished on an annual basis, The Best Lawyers in America comprises the top legal professionals in the nation. After nomination, an attorney's peers confidentially review their legal abilities and community influence. The same selection process is applied to recurring listees.To read more about Attorney Mellino and his many accomplishments, visit The Mellino Law Firm at christophermellino.com. Or learn more about Best Lawyersawards online at bestlawyers.com.SOURCE The Mellino Law Firm Related Links https://www.christophermellino.com
edtsum7985
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 23, 2021 /PRNewswire/ --BizVibe is continuing to expand the number of companies which can be discovered and tracked within their personal care services category offering. Users can browse high-quality company profiles, allowing them to discover 80,000+ personal care service providers, spanning across 150+ countries, which are categorized into 70+ products and services.Gain access to BizVibe company profiles.Discover Companies for Free Companies listed under this NAICS classification are defined as being establishments such as barber shops, beauty and nail salons, diet and weight reducing centers, and all other personal care services (such as day spas, tanning salons, massage parlors, etc.). BizVibe's detailed company profile insights help users to discover, track, evaluate, and connect with personal care services companies from all over the world. More Details on Finding Companies: https://www.bizvibe.com/find-suppliersWhat's in a BizVibe Company Profile?The 10 million+ company profiles on BizVibe's platform contain high-quality insights, helping procurement and sales teams find trusted suppliers and target sales prospects. Some of the valuable information found in these company profiles include: 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 Use BizVibe profiles to compare companies. Compare companies for freeRelated Product and Service CategoriesBizVibe's personal care services industry group is categorized into 70+ related products and services. Discover companies for all 70+ offerings which include: Haircut and grooming services Beautician services Manicure services Spa treatments Massage therapy View all related product and service categories:https://services.bizvibe.com/Personal-Care-Services/Discover Companies in the Other Services IndustryBizVibe lists personal care services as a part of their other services industry. This industry contains 14 total industry groups which all contain hundreds of company profiles that can be viewed for free. These profiles are segmented into the following categories: Automotive Repair and Maintenance Drycleaning and Laundry Services Civic and Social Organizations Electronic and Precision Equipment Repair and Maintenance Personal and Household Goods Repair and Maintenance View all other services 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.com and start for free today.ContactBizVibe Jesse Maida Email: [emailprotected]+1 855-897-5880 Website: https://www.bizvibe.com/SOURCE BizVibe Related Links http://www.bizvibe.com Answer:
Personal Care Services Industry | BizVibe Adds New Personal Care Companies Which Can Be Discovered and Tracked
NEW YORK, March 23, 2021 /PRNewswire/ --BizVibe is continuing to expand the number of companies which can be discovered and tracked within their personal care services category offering. Users can browse high-quality company profiles, allowing them to discover 80,000+ personal care service providers, spanning across 150+ countries, which are categorized into 70+ products and services.Gain access to BizVibe company profiles.Discover Companies for Free Companies listed under this NAICS classification are defined as being establishments such as barber shops, beauty and nail salons, diet and weight reducing centers, and all other personal care services (such as day spas, tanning salons, massage parlors, etc.). BizVibe's detailed company profile insights help users to discover, track, evaluate, and connect with personal care services companies from all over the world. More Details on Finding Companies: https://www.bizvibe.com/find-suppliersWhat's in a BizVibe Company Profile?The 10 million+ company profiles on BizVibe's platform contain high-quality insights, helping procurement and sales teams find trusted suppliers and target sales prospects. Some of the valuable information found in these company profiles include: 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 Use BizVibe profiles to compare companies. Compare companies for freeRelated Product and Service CategoriesBizVibe's personal care services industry group is categorized into 70+ related products and services. Discover companies for all 70+ offerings which include: Haircut and grooming services Beautician services Manicure services Spa treatments Massage therapy View all related product and service categories:https://services.bizvibe.com/Personal-Care-Services/Discover Companies in the Other Services IndustryBizVibe lists personal care services as a part of their other services industry. This industry contains 14 total industry groups which all contain hundreds of company profiles that can be viewed for free. These profiles are segmented into the following categories: Automotive Repair and Maintenance Drycleaning and Laundry Services Civic and Social Organizations Electronic and Precision Equipment Repair and Maintenance Personal and Household Goods Repair and Maintenance View all other services 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.com and start for free today.ContactBizVibe Jesse Maida Email: [emailprotected]+1 855-897-5880 Website: https://www.bizvibe.com/SOURCE BizVibe Related Links http://www.bizvibe.com
edtsum7986
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 "US Gastro-Intestinal Stromal Tumors Market and Competitive Landscape - 2021" report has been added to ResearchAndMarkets.com's offering. US Gastro-Intestinal Stromal Tumors Market and Competitive Landscape Highlights - 2021, provides comprehensive insights into Gastro-Intestinal Stromal Tumors pipeline products, Gastro-Intestinal Stromal Tumors epidemiology, Gastro-Intestinal Stromal Tumors market valuations and forecast, Gastro-Intestinal Stromal Tumors drugs sales and competitive landscape in the US. The research is classified into seven sections - Gastro-Intestinal Stromal Tumors treatment options, pipeline products, market analysis comprising of epidemiology, key products marketed, market valuations and forecast, drugs sales and market shares. Research Scope: Benefits of this Research: Key Topics Covered: 1) Gastro-Intestinal Stromal Tumors Treatments 2) Gastro-Intestinal Stromal Tumors Pipeline 3) US Gastro-Intestinal Stromal Tumors Epidemiology 4) Marketed Drugs for Gastro-Intestinal Stromal Tumors in US 5) US Gastro-Intestinal Stromal Tumors Market Size and Forecast 6) US Gastro-Intestinal Stromal Tumors Products Sales and Forecast 7) US Gastro-Intestinal Stromal Tumors Market Competitive Landscape 8) Methodology For more information about this report visit https://www.researchandmarkets.com/r/pq87h1 Answer:
United States Gastro-Intestinal Stromal Tumors Market and Competitive Landscape Report 2021 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "US Gastro-Intestinal Stromal Tumors Market and Competitive Landscape - 2021" report has been added to ResearchAndMarkets.com's offering. US Gastro-Intestinal Stromal Tumors Market and Competitive Landscape Highlights - 2021, provides comprehensive insights into Gastro-Intestinal Stromal Tumors pipeline products, Gastro-Intestinal Stromal Tumors epidemiology, Gastro-Intestinal Stromal Tumors market valuations and forecast, Gastro-Intestinal Stromal Tumors drugs sales and competitive landscape in the US. The research is classified into seven sections - Gastro-Intestinal Stromal Tumors treatment options, pipeline products, market analysis comprising of epidemiology, key products marketed, market valuations and forecast, drugs sales and market shares. Research Scope: Benefits of this Research: Key Topics Covered: 1) Gastro-Intestinal Stromal Tumors Treatments 2) Gastro-Intestinal Stromal Tumors Pipeline 3) US Gastro-Intestinal Stromal Tumors Epidemiology 4) Marketed Drugs for Gastro-Intestinal Stromal Tumors in US 5) US Gastro-Intestinal Stromal Tumors Market Size and Forecast 6) US Gastro-Intestinal Stromal Tumors Products Sales and Forecast 7) US Gastro-Intestinal Stromal Tumors Market Competitive Landscape 8) Methodology For more information about this report visit https://www.researchandmarkets.com/r/pq87h1
edtsum7987
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: LEAWOOD, Kan., April 27, 2020 /PRNewswire/ --As higher education institutions continue to operate in the world of online learning, students in healthcare fields, like others, are being asked to sharpen professional skills and fulfill practice requirements in non-traditional ways. To facilitate healthcare professional and student success, Ascend Learning Clinical Healthcare is launching a suite of complimentary, evidence-based clinical training simulations developed by Ascend Learning sister organizations. This series of effective, scalable and data-driven solutions will be available free of charge through May 15. Insight to Action solutionsuse assessments and simulated case studies to develop and hone professional skills, specifically around adherence to accepted care guidelines. An up-front baseline assessment helps participants understand their level of knowledge and proficiency, and is followed by a series of short, interactive, practice-focused clinical vignettes, where they are given real-time performance feedback on their care decisions. Participants can see how their care compares to the guidelines and compete with their peers for the top evidence-based scores. Insight to Action, powered by QURE, complimentary case studies include: Opioid Use Low Back Pain Kognito solutionsuse evidence-based patient simulations, enabling participants to virtually engage in role-playing conversations with AI-powered virtual humans. Through practice and receiving personalized feedback in a safe environment that is as close as possible to real life, healthcare professionals become adept at leading conversations and patient encounters. Kognito complimentary modules include: Motivational Interviewing Techniques Antibiotics Stewardship Mental Health Risk NHA TEAM Based Care solutions, designed for all members of the care team with modules particularly focused on those working in the clinic environment, deliver a foundational knowledge of a patient-centered care model. Understanding the what, why, and how behind this model of care can benefit early-stage professionals in starting their medical career. TEAM Based Care complimentary modules include: Population Health Management Teamwork and Care Coordination Methods and Techniques for putting TEAM-Based Care into Practice "As we all navigate this 'new normal,' it's more important than ever to successfully leverage the latest learning technologies, particularly in the world of healthcare," said Dr. Nathan Walts, Vice President, Product Strategy, Ascend Learning Clinical Healthcare. "As a healthcare education innovator, it's in our mission, especially in today's current crisis, to ensure access to these best-practice and evidence-based tools. We have been deliberate in selecting areas of care that cross all sectors of healthcare and providing opportunities for a variety of professionals to improve their skills and ultimately patient outcomes in these areas." Learn more at https://ascendclinicalhealthcare.com/partners/ SOURCE Ascend Learning Clinical Healthcare Related Links http://ascendclinicalhealthcare.com Answer:
Ascend Learning Clinical Healthcare offers complimentary access to suite of innovative virtual training and simulated case study exercises
LEAWOOD, Kan., April 27, 2020 /PRNewswire/ --As higher education institutions continue to operate in the world of online learning, students in healthcare fields, like others, are being asked to sharpen professional skills and fulfill practice requirements in non-traditional ways. To facilitate healthcare professional and student success, Ascend Learning Clinical Healthcare is launching a suite of complimentary, evidence-based clinical training simulations developed by Ascend Learning sister organizations. This series of effective, scalable and data-driven solutions will be available free of charge through May 15. Insight to Action solutionsuse assessments and simulated case studies to develop and hone professional skills, specifically around adherence to accepted care guidelines. An up-front baseline assessment helps participants understand their level of knowledge and proficiency, and is followed by a series of short, interactive, practice-focused clinical vignettes, where they are given real-time performance feedback on their care decisions. Participants can see how their care compares to the guidelines and compete with their peers for the top evidence-based scores. Insight to Action, powered by QURE, complimentary case studies include: Opioid Use Low Back Pain Kognito solutionsuse evidence-based patient simulations, enabling participants to virtually engage in role-playing conversations with AI-powered virtual humans. Through practice and receiving personalized feedback in a safe environment that is as close as possible to real life, healthcare professionals become adept at leading conversations and patient encounters. Kognito complimentary modules include: Motivational Interviewing Techniques Antibiotics Stewardship Mental Health Risk NHA TEAM Based Care solutions, designed for all members of the care team with modules particularly focused on those working in the clinic environment, deliver a foundational knowledge of a patient-centered care model. Understanding the what, why, and how behind this model of care can benefit early-stage professionals in starting their medical career. TEAM Based Care complimentary modules include: Population Health Management Teamwork and Care Coordination Methods and Techniques for putting TEAM-Based Care into Practice "As we all navigate this 'new normal,' it's more important than ever to successfully leverage the latest learning technologies, particularly in the world of healthcare," said Dr. Nathan Walts, Vice President, Product Strategy, Ascend Learning Clinical Healthcare. "As a healthcare education innovator, it's in our mission, especially in today's current crisis, to ensure access to these best-practice and evidence-based tools. We have been deliberate in selecting areas of care that cross all sectors of healthcare and providing opportunities for a variety of professionals to improve their skills and ultimately patient outcomes in these areas." Learn more at https://ascendclinicalhealthcare.com/partners/ SOURCE Ascend Learning Clinical Healthcare Related Links http://ascendclinicalhealthcare.com
edtsum7988
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 18, 2021 /PRNewswire/ --Pomerantz LLP is investigating claims on behalf of investors ofTyson Foods, Inc.("Tyson" or the "Company")(NYSE:TSN). Such investors are advised to contact Robert S. Willoughby at [emailprotected]or 888-476-6529, ext. 7980. The investigation concerns whether Tyson and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On December 15, 2020, the New York City Comptroller ("NYC Comptroller") called on the U.S. Securities and Exchange Commission to open an investigation into Tyson for providing shareholders with "materially false or misleading information regarding Tyson's response to the global COVID-19 pandemic and the resulting risk factors." In a public statement, the NYC Comptroller stated that "[t]here is human cost to Tyson's failurespreventable deaths, hospitalizations and sick workers. These failures have material impacts on its business operations that carry serious risks for shareholders." On this news, Tyson's stock price fell $1.78 per share, or 2.54%, to close at $68.25 per share on December 15, 2020. The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com. CONTACT:Robert S. WilloughbyPomerantz LLP [emailprotected]888-476-6529 ext. 7980 SOURCE Pomerantz LLP Related Links www.pomerantzlaw.com Answer:
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Tyson Foods, Inc. - TSN
NEW YORK, March 18, 2021 /PRNewswire/ --Pomerantz LLP is investigating claims on behalf of investors ofTyson Foods, Inc.("Tyson" or the "Company")(NYSE:TSN). Such investors are advised to contact Robert S. Willoughby at [emailprotected]or 888-476-6529, ext. 7980. The investigation concerns whether Tyson and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On December 15, 2020, the New York City Comptroller ("NYC Comptroller") called on the U.S. Securities and Exchange Commission to open an investigation into Tyson for providing shareholders with "materially false or misleading information regarding Tyson's response to the global COVID-19 pandemic and the resulting risk factors." In a public statement, the NYC Comptroller stated that "[t]here is human cost to Tyson's failurespreventable deaths, hospitalizations and sick workers. These failures have material impacts on its business operations that carry serious risks for shareholders." On this news, Tyson's stock price fell $1.78 per share, or 2.54%, to close at $68.25 per share on December 15, 2020. The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com. CONTACT:Robert S. WilloughbyPomerantz LLP [emailprotected]888-476-6529 ext. 7980 SOURCE Pomerantz LLP Related Links www.pomerantzlaw.com
edtsum7989
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 "Global Acaricide Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering. The global acaricide market is expected to grow at a compound annual growth rate of 5.74% over the forecast period to reach a market size of US$401.025 million in 2025 from US$286.903 million in 2019. There is an imperative need for the elimination of rodents, pests, and other harmful organisms from the food, agricultural land, industries, and other sectors. There have been significant development and innovation of different types of pesticides, in the past few decades. Acaricides are one of those pesticides that are widely used in the agricultural field, industries, and other related sectors. They are the chemicals, which are used in the elimination of mites and termites. There is another type of pesticide called "Ixodicides", which are sometimes related to Acaricides, as they are both used in the killing of ticks. There are different types of pesticides that are available in the market. Some of them are carbamates, organophosphorus, pyrethroids formamidines, Fipronil, and others. The synthetic type of pyrethroids is one of the most effective and safest pesticides, which are extensively used in the elimination of ticks. Fipronil is also registering a substantial demand as it is used against pests and ticks. Several methods are used to eliminate ticks from the livestock and other types of animals. The dipping method is widely popular as it is more convenient and easier. People working in the dairy or agricultural field, which also contains livestock animals, usually follow this straightforward and uncomplicated approach of dipping pets and livestock into a pesticide bath. The term is also known as cattle dip when it is used for cattle. But there are limitations of this specific method, as ticks often take refuge and shelter in the ears, inside the toes, or near the tail, and continues to grow and expand their numbers. Then, the spray method is used. Acaricides chemicals can be delivered through motorized or manual sprays, which cover every part of an animal body. The Acaricides chemicals are mixed with liquid or talc and are deposited or applied directly onto the animal's coat or fur. There are other innovative solutions to achieve long-lasting effects. Plastic collars are widely used to protect pets and livestock. The collars are incorporated and dipped with Acaricides, which gives effective and long-lasting protection to the animal's skin from ticks and other detrimental organisms. Major companies and institutions have invested a considerable sum of capital into the development of environment-friendly and non-contaminated solutions for pests and ticks control. Dipping and Spray races use chlorinated hydrocarbon and arsenical chemicals, which are often contaminated and leads to various environmental problems. Herbal and other methods are becoming popular, as there have been significant developments happening in the respective field. Although there are various environmental effects of using Contaminated Acaricides, the market will continue to prosper at a substantial rate. Ticks have become a menace and a major problem for livestock and pet owners. Despite the presence of various types of Acaricides, Ticks continue to pose significant challenges in the animal husbandry industry. There has been a dearth of knowledge and skills regarding the usage of Acaricides Chemicals. Many farmers and livestock owners use sub-standard tick control methods, which leads to the development of resistance to acaricides chemicals, by different types of parasites. Ticks are responsible for health and nutrients deficiency in an animal. It also leads to the growth of various tick-borne diseases and problems, damage of skin, abortion, and death of valuable cattle or herds. Companies Mentioned Key Topics Covered: 1. Introduction 1.1. Market Definition 1.2. Market Segmentation 2. Research Methodology 2.1. Research Data 2.2. Assumptions 3. Executive Summary 3.1. Research Highlights 4. Market Dynamics 4.1. Market Drivers 4.2. Market Restraints 4.3. Porters Five Forces Analysis 4.4. Industry Value Chain Analysis 5. Global Acaricide Market Analysis, by Type (Value in US$ Million) 5.1. Introduction 5.2. Natural 5.3. Organophosphorus 5.4. Organochlorine 5.5. Others 6. Global Acaricide Market Analysis, by Method (Value in US$ Million) 6.1. Introduction 6.2. Hand Dressing 6.3. Spray 6.4. Dipping Vat 7. Global Acaricide Market Analysis, by Applications (Value in US$ Million) 7.1. Introduction 7.2. Industrial 7.3. Animal Husbandry 7.4. Agriculture 7.5. Others 8. Global Acaricide Market Analysis, by Geography (Value in US$ Million) 8.1. Introduction 8.2. North America (Value in US$ Million) 8.3. South America (Value in US$ Million) 8.4. Europe (Value in US$ Million) 8.5. The Middle East and Africa (Value in US$ Million) 8.6. Asia-Pacific (Value in US$ Million) 9. Competitive Environment and Analysis 9.1. Major Players and Strategy Analysis 9.2. Emerging Players and Market Lucrativeness 9.3. Mergers, Acquisitions, Agreements, and Collaborations 9.4. Vendor Competitiveness Matrix 10. Company Profiles For more information about this report visit https://www.researchandmarkets.com/r/4q6hqs Answer:
Worldwide Acaricide Industry to 2025 - by Type, Method, Applications and Geography - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Global Acaricide Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering. The global acaricide market is expected to grow at a compound annual growth rate of 5.74% over the forecast period to reach a market size of US$401.025 million in 2025 from US$286.903 million in 2019. There is an imperative need for the elimination of rodents, pests, and other harmful organisms from the food, agricultural land, industries, and other sectors. There have been significant development and innovation of different types of pesticides, in the past few decades. Acaricides are one of those pesticides that are widely used in the agricultural field, industries, and other related sectors. They are the chemicals, which are used in the elimination of mites and termites. There is another type of pesticide called "Ixodicides", which are sometimes related to Acaricides, as they are both used in the killing of ticks. There are different types of pesticides that are available in the market. Some of them are carbamates, organophosphorus, pyrethroids formamidines, Fipronil, and others. The synthetic type of pyrethroids is one of the most effective and safest pesticides, which are extensively used in the elimination of ticks. Fipronil is also registering a substantial demand as it is used against pests and ticks. Several methods are used to eliminate ticks from the livestock and other types of animals. The dipping method is widely popular as it is more convenient and easier. People working in the dairy or agricultural field, which also contains livestock animals, usually follow this straightforward and uncomplicated approach of dipping pets and livestock into a pesticide bath. The term is also known as cattle dip when it is used for cattle. But there are limitations of this specific method, as ticks often take refuge and shelter in the ears, inside the toes, or near the tail, and continues to grow and expand their numbers. Then, the spray method is used. Acaricides chemicals can be delivered through motorized or manual sprays, which cover every part of an animal body. The Acaricides chemicals are mixed with liquid or talc and are deposited or applied directly onto the animal's coat or fur. There are other innovative solutions to achieve long-lasting effects. Plastic collars are widely used to protect pets and livestock. The collars are incorporated and dipped with Acaricides, which gives effective and long-lasting protection to the animal's skin from ticks and other detrimental organisms. Major companies and institutions have invested a considerable sum of capital into the development of environment-friendly and non-contaminated solutions for pests and ticks control. Dipping and Spray races use chlorinated hydrocarbon and arsenical chemicals, which are often contaminated and leads to various environmental problems. Herbal and other methods are becoming popular, as there have been significant developments happening in the respective field. Although there are various environmental effects of using Contaminated Acaricides, the market will continue to prosper at a substantial rate. Ticks have become a menace and a major problem for livestock and pet owners. Despite the presence of various types of Acaricides, Ticks continue to pose significant challenges in the animal husbandry industry. There has been a dearth of knowledge and skills regarding the usage of Acaricides Chemicals. Many farmers and livestock owners use sub-standard tick control methods, which leads to the development of resistance to acaricides chemicals, by different types of parasites. Ticks are responsible for health and nutrients deficiency in an animal. It also leads to the growth of various tick-borne diseases and problems, damage of skin, abortion, and death of valuable cattle or herds. Companies Mentioned Key Topics Covered: 1. Introduction 1.1. Market Definition 1.2. Market Segmentation 2. Research Methodology 2.1. Research Data 2.2. Assumptions 3. Executive Summary 3.1. Research Highlights 4. Market Dynamics 4.1. Market Drivers 4.2. Market Restraints 4.3. Porters Five Forces Analysis 4.4. Industry Value Chain Analysis 5. Global Acaricide Market Analysis, by Type (Value in US$ Million) 5.1. Introduction 5.2. Natural 5.3. Organophosphorus 5.4. Organochlorine 5.5. Others 6. Global Acaricide Market Analysis, by Method (Value in US$ Million) 6.1. Introduction 6.2. Hand Dressing 6.3. Spray 6.4. Dipping Vat 7. Global Acaricide Market Analysis, by Applications (Value in US$ Million) 7.1. Introduction 7.2. Industrial 7.3. Animal Husbandry 7.4. Agriculture 7.5. Others 8. Global Acaricide Market Analysis, by Geography (Value in US$ Million) 8.1. Introduction 8.2. North America (Value in US$ Million) 8.3. South America (Value in US$ Million) 8.4. Europe (Value in US$ Million) 8.5. The Middle East and Africa (Value in US$ Million) 8.6. Asia-Pacific (Value in US$ Million) 9. Competitive Environment and Analysis 9.1. Major Players and Strategy Analysis 9.2. Emerging Players and Market Lucrativeness 9.3. Mergers, Acquisitions, Agreements, and Collaborations 9.4. Vendor Competitiveness Matrix 10. Company Profiles For more information about this report visit https://www.researchandmarkets.com/r/4q6hqs
edtsum7990
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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, Feb. 2, 2021 /PRNewswire/ -- February 2, 2021 Mr. Peter Cohen, Chairman of the BoardDr. Jessica Shen, DirectorMs. Minnie Baylor-Henry, DirectorMr. Willie Bogan, DirectorDr. Jeff Dyer, DirectorMr. Chris Nolet, Director PolarityTE, Inc.123 North Wright Brothers DriveSalt Lake City, UT 84116 Dear Members of the Board, As you are aware, Gatemore Capital Management LLP ("Gatemore" or "we") manages the Gatemore Special Opportunities Fund, which today controls 3.7% of the common stock of PolarityTE, Inc. ("Polarity" or the "Company") on a fully diluted basis. We are writing to follow up on our letter to Mr. Cohen and the members of the Board of Directors (the "Board"), dated December 28, 2020, in which we requested that the Board take the following three actions: 1. De-classify the Board; 2. Provide Gatemore access to books and records relating to the dilutive equity financings completed in February and December of 2020; and 3. Form a strategic alternatives committee to evaluate new financing and other strategic opportunities. While we were pleased to see the Board announce the formation of a strategic alternatives committee on January 11, we were disappointed that you did not take any action to de-classify the Board and eliminate your staggered elections. Furthermore, in response to our request for access to books and records, you flatly denied our request, writing to us, "Polarity will not produce any documents in response to the Demand." This stunning lack of transparency or reasonable accommodation to your stockholders is, unfortunately, part of a broader pattern of poor corporate governance at Polarity. Below is a list of, in our view, completely unnecessary defensive entrenchment provisions in the governing documents that, taken together, portrays a Board which ignores best practices and suppresses basic stockholder rights, particularly at a time of significant stockholder value deterioration. PolarityTE Best Practice Maintains a classified board with only a subset of directors up for re-election each year, with each director serving three (3) year terms. Declassified board with all directors serving one-year terms. Bars stockholders from acting by written consent. Stockholders may act by written consent to approve all actions which may be approved by stockholders at a stockholder meeting. Requires 25% of outstanding shares to call a special meeting of the stockholders. Any stockholder may call a special meeting. Permits the removal of directors only "for cause", and only by a 67% supermajority of the stockholders. Any director may be removed with or without cause by holders of a simple majority of the outstanding shares. Stockholders may not fill vacancies on the Board. Both the Board and stockholders may fill vacancies on the Board, whether caused by director removal or a newly created director set. Requires a 67% supermajority of the stockholders to amend the Company's charter or bylaws. Permits stockholders to approve amendments to the Company's charter and bylaws by holders of a simple majority of the outstanding shares. Further to the significant flaws in the governing documents of the Company that must be rectified, at the very least, to come into line with appropriate practice for public companies in the market, the Company has abused its nearly unfettered right to issue dilutive equity without any stockholder consent. We, therefore, call for appropriate curbs on the Board's right to approve equity issuances without the consent of the stockholders. But perhaps the most egregious corporate governance issue is the seeming free pass that the Board has granted to the Chief Executive Officer of the Company, who has overseen the protracted and precipitous decline of stockholder value. As you all know, David Seaburg and Peter Cohen are close, long-time friends, having worked together for nine years at Cowen Group. Mr. Seaburg has no experience whatsoever in running a healthcare enterprise or guiding a company through a bet-the-company regulatory approval process. It is past time for this Board to hold the Company's senior executive management to account for the direction of the Company. Instead of meeting its fiduciary duty to oversee the executive team and an unqualified CEO, the Board has rewarded Mr. Seaburg with large share grants. In addition to Gatemore, a significant number of your largest stockholders are similarly appalled by the corporate governance practices at Polarity. If the Board continues to show disregard for stockholders through inappropriate entrenchment policies, dilutive issuances and inadequate oversight of its senior executive management team, then we will be forced to take further action. Thank you for your attention. Sincerely, Liad MeidarManaging Partner Rob White, James Williams and Patrick Corcoran - +44 (0) 20 7952 2000 / [emailprotected] SOURCE Gatemore Capital Management LLP Answer:
Gatemore Capital Management LLP - Letter to the Board of Directors of PolarityTE, Inc.
LONDON, Feb. 2, 2021 /PRNewswire/ -- February 2, 2021 Mr. Peter Cohen, Chairman of the BoardDr. Jessica Shen, DirectorMs. Minnie Baylor-Henry, DirectorMr. Willie Bogan, DirectorDr. Jeff Dyer, DirectorMr. Chris Nolet, Director PolarityTE, Inc.123 North Wright Brothers DriveSalt Lake City, UT 84116 Dear Members of the Board, As you are aware, Gatemore Capital Management LLP ("Gatemore" or "we") manages the Gatemore Special Opportunities Fund, which today controls 3.7% of the common stock of PolarityTE, Inc. ("Polarity" or the "Company") on a fully diluted basis. We are writing to follow up on our letter to Mr. Cohen and the members of the Board of Directors (the "Board"), dated December 28, 2020, in which we requested that the Board take the following three actions: 1. De-classify the Board; 2. Provide Gatemore access to books and records relating to the dilutive equity financings completed in February and December of 2020; and 3. Form a strategic alternatives committee to evaluate new financing and other strategic opportunities. While we were pleased to see the Board announce the formation of a strategic alternatives committee on January 11, we were disappointed that you did not take any action to de-classify the Board and eliminate your staggered elections. Furthermore, in response to our request for access to books and records, you flatly denied our request, writing to us, "Polarity will not produce any documents in response to the Demand." This stunning lack of transparency or reasonable accommodation to your stockholders is, unfortunately, part of a broader pattern of poor corporate governance at Polarity. Below is a list of, in our view, completely unnecessary defensive entrenchment provisions in the governing documents that, taken together, portrays a Board which ignores best practices and suppresses basic stockholder rights, particularly at a time of significant stockholder value deterioration. PolarityTE Best Practice Maintains a classified board with only a subset of directors up for re-election each year, with each director serving three (3) year terms. Declassified board with all directors serving one-year terms. Bars stockholders from acting by written consent. Stockholders may act by written consent to approve all actions which may be approved by stockholders at a stockholder meeting. Requires 25% of outstanding shares to call a special meeting of the stockholders. Any stockholder may call a special meeting. Permits the removal of directors only "for cause", and only by a 67% supermajority of the stockholders. Any director may be removed with or without cause by holders of a simple majority of the outstanding shares. Stockholders may not fill vacancies on the Board. Both the Board and stockholders may fill vacancies on the Board, whether caused by director removal or a newly created director set. Requires a 67% supermajority of the stockholders to amend the Company's charter or bylaws. Permits stockholders to approve amendments to the Company's charter and bylaws by holders of a simple majority of the outstanding shares. Further to the significant flaws in the governing documents of the Company that must be rectified, at the very least, to come into line with appropriate practice for public companies in the market, the Company has abused its nearly unfettered right to issue dilutive equity without any stockholder consent. We, therefore, call for appropriate curbs on the Board's right to approve equity issuances without the consent of the stockholders. But perhaps the most egregious corporate governance issue is the seeming free pass that the Board has granted to the Chief Executive Officer of the Company, who has overseen the protracted and precipitous decline of stockholder value. As you all know, David Seaburg and Peter Cohen are close, long-time friends, having worked together for nine years at Cowen Group. Mr. Seaburg has no experience whatsoever in running a healthcare enterprise or guiding a company through a bet-the-company regulatory approval process. It is past time for this Board to hold the Company's senior executive management to account for the direction of the Company. Instead of meeting its fiduciary duty to oversee the executive team and an unqualified CEO, the Board has rewarded Mr. Seaburg with large share grants. In addition to Gatemore, a significant number of your largest stockholders are similarly appalled by the corporate governance practices at Polarity. If the Board continues to show disregard for stockholders through inappropriate entrenchment policies, dilutive issuances and inadequate oversight of its senior executive management team, then we will be forced to take further action. Thank you for your attention. Sincerely, Liad MeidarManaging Partner Rob White, James Williams and Patrick Corcoran - +44 (0) 20 7952 2000 / [emailprotected] SOURCE Gatemore Capital Management LLP
edtsum7991
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: BOSTON--(BUSINESS WIRE)--Find the best KitchenAid deals for Black Friday 2020, featuring all the best top-rated KitchenAid attachment & hand and stand mixer (5 qt, 6 qt) offers. Links to the latest deals are listed below. Best KitchenAid Deals: Searching for more deals? Check out Walmarts Black Friday Deals for Days sales event and Amazons Black Friday deals to compare more live savings. Consumer Articles earns commissions from purchases made using the links provided. About Consumer Articles: Consumer Articles shares informative e-commerce news. As an Amazon Associate and affiliate Consumer Articles earns from qualifying purchases. Answer:
KitchenAid Black Friday Deals (2020): Best KitchenAid Stand & Hand Mixer & More Deals Highlighted by Consumer Articles Black Friday KitchenAid attachment and mixer deals have landed, check out all the best Black Friday KitchenAid Artisan and Professional mixer sales listed below
BOSTON--(BUSINESS WIRE)--Find the best KitchenAid deals for Black Friday 2020, featuring all the best top-rated KitchenAid attachment & hand and stand mixer (5 qt, 6 qt) offers. Links to the latest deals are listed below. Best KitchenAid Deals: Searching for more deals? Check out Walmarts Black Friday Deals for Days sales event and Amazons Black Friday deals to compare more live savings. Consumer Articles earns commissions from purchases made using the links provided. About Consumer Articles: Consumer Articles shares informative e-commerce news. As an Amazon Associate and affiliate Consumer Articles earns from qualifying purchases.
edtsum7992
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: TILLAMOOK, Ore., Feb. 5, 2021 /PRNewswire/ --Werner Gourmet Meat Snacks Inc. (Werner Jerky & Snacks), a jerky and snack manufacturer based in Tillamook, Oregon, is announcing a new look for their complete Snack Line. The Werner Snacks products include gummy candy, in house roasted nuts & seeds, proprietary trail and snack mixes, and other sweet and salty delights to munch on. The new look will bring the Werner Snacks Line under the umbrella of the new Werner branding, which was first launched in May 2019 and includes the brand's full line of meat snacks. Preview of Werner new look for Snack Line. 2021. "Since the announcement of the re-branding of our meat snacks, we have received really strong, positive feedback and reviews from across the industry," explains Werner Jerky & Snacks Director of Marketing, Lauren Kottre. "In the last year and a half, many of our customers have asked us when we would be re-branding our snack line; this kind of interest in our new look is really encouraging." As a testament to the success of the new brand design, Werner Jerky & Snacks received Honorable Mention in the Designalytics Effectiveness Awards, in partnership with Dieline Awards 2020. This award was granted after data-driven analysis and quantitative consumer testing to show how package design is instrumental in driving brand growth. The research team found that 71% of consumers prefer the new Werner Jerky & Snacks packaging to the old and can find the new design with 98% accuracy in 4.2 seconds (as opposed to 82% accuracy in 14.8 seconds with the old package). Emulating the look of the Werner meat snacks, the new Snack Line packaging features a bright teal background, accented by pops of vibrant colors in a familiar badge shape, which was the centerplate on the old packaging.Werner Snacks will begin shipping under the new packaging design during the first quarter 2021. Consumers will likely see the new packaging hit retail racks at the beginning of the second quarter of this year.Werner Jerky & Snacks products can currently be found primarily in c-store chains and independent retailers across the country. Direct to consumer snacks can also be ordered online at https://wernerjerky.com. Contact: Lauren Kottre [emailprotected]800-459-6420 SOURCE Werner Gourmet Meat Snacks, Inc. Related Links https://wernerjerky.com Answer:
Werner Gourmet Meat Snacks Inc. Announces New Look for Snack Line Packaging
TILLAMOOK, Ore., Feb. 5, 2021 /PRNewswire/ --Werner Gourmet Meat Snacks Inc. (Werner Jerky & Snacks), a jerky and snack manufacturer based in Tillamook, Oregon, is announcing a new look for their complete Snack Line. The Werner Snacks products include gummy candy, in house roasted nuts & seeds, proprietary trail and snack mixes, and other sweet and salty delights to munch on. The new look will bring the Werner Snacks Line under the umbrella of the new Werner branding, which was first launched in May 2019 and includes the brand's full line of meat snacks. Preview of Werner new look for Snack Line. 2021. "Since the announcement of the re-branding of our meat snacks, we have received really strong, positive feedback and reviews from across the industry," explains Werner Jerky & Snacks Director of Marketing, Lauren Kottre. "In the last year and a half, many of our customers have asked us when we would be re-branding our snack line; this kind of interest in our new look is really encouraging." As a testament to the success of the new brand design, Werner Jerky & Snacks received Honorable Mention in the Designalytics Effectiveness Awards, in partnership with Dieline Awards 2020. This award was granted after data-driven analysis and quantitative consumer testing to show how package design is instrumental in driving brand growth. The research team found that 71% of consumers prefer the new Werner Jerky & Snacks packaging to the old and can find the new design with 98% accuracy in 4.2 seconds (as opposed to 82% accuracy in 14.8 seconds with the old package). Emulating the look of the Werner meat snacks, the new Snack Line packaging features a bright teal background, accented by pops of vibrant colors in a familiar badge shape, which was the centerplate on the old packaging.Werner Snacks will begin shipping under the new packaging design during the first quarter 2021. Consumers will likely see the new packaging hit retail racks at the beginning of the second quarter of this year.Werner Jerky & Snacks products can currently be found primarily in c-store chains and independent retailers across the country. Direct to consumer snacks can also be ordered online at https://wernerjerky.com. Contact: Lauren Kottre [emailprotected]800-459-6420 SOURCE Werner Gourmet Meat Snacks, Inc. Related Links https://wernerjerky.com
edtsum7993
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: RESTON, Va., Oct. 22, 2020 /PRNewswire/ --Public Interest Registry(PIR), the People behind .ORG, today unveiled the .ORG Learning Center, an educational portal that will provide a wide range of content and forums to help mission-driven organizations establish their Internet presence and thrive online as they work to make their communities a better place. As the initial step of the effort, PIR published an eight-part series called the "Bootcamp for Mission-Driven Organizations." These articles are educational essentials to help .ORGs establish and grow their online presence. Topics include: building your brand, communicating your mission and messaging, developing a website, promoting your organization online, effective blogging, measuring your website for success, leveraging social media, and telling your organization's story during the pandemic. "The .ORG Learning Centerwill serve as a trusted resource for the .ORG Community a place where people can find articles, videos, webinars and other content about how to make their organization successful online,"said Paul Diaz, Vice President, Policy and Director of PIR's education and outreach efforts. "As an exemplary registry, PIR is launching this initiative because we believe there needs to be a centralized place for mission-driven organizations to turn to for help. The .ORG Learning Center will provide the educational resources that every mission-driven organization needs when moving from inspiration to action." The .ORG Learning Centeris part of PIR's longstanding commitment to making educational resources available to the .ORG Community. This work brings together educational efforts that have been going on for years and puts them under one roof. Down the road, PIR will add instructional content including webinars, forums, discussion boards and other educational resources to the site. "We want the .ORG Learning Center to serve as a public square where our community can come together to learn, share, teach and grow,"Diaz added. "We hope that people will find the content informative and useful as they take the next steps on their journey to improving our world." The .ORG Learning Center can be found at orglearningcenter.org. About .ORG.ORG is the original purpose-driven "generic" top-level domain (gTLD) with more than 10 million domain names registered worldwide. .ORG is open to everyone, providing a global platform for organizations, associations, clubs, businesses and individuals to bring their ideas to life. For more than 30 years, .ORG has built an enduring legacy of trust, preserving an open and secure Internet where diverse communities can establish a trusted online identity and freely share ideas. .ORG is powered by the non-profit Public Interest Registry (PIR). PIR has been a champion for a free and open Internet for more than 15 years with a clear mission to be an exemplary domain name registry, provide a trusted digital identity and help educate those who dedicate themselves to improving our world. PIR was founded by the Internet Society (internetsociety.org) in 2002 and is based inReston, Virginia, USA. Visitwww.TheNew.orgfor more information. Media contact: Scott Gerber, [emailprotected], 408-202-4255 SOURCE Public Interest Registry Related Links http://www.orglearningcenter.org Answer:
Public Interest Registry Launches the .ORG Learning Center as Educational Hub for the Mission-Driven Community The dedicated online resource will provide robust educational content and forums for mission-driven organizations and leadership
RESTON, Va., Oct. 22, 2020 /PRNewswire/ --Public Interest Registry(PIR), the People behind .ORG, today unveiled the .ORG Learning Center, an educational portal that will provide a wide range of content and forums to help mission-driven organizations establish their Internet presence and thrive online as they work to make their communities a better place. As the initial step of the effort, PIR published an eight-part series called the "Bootcamp for Mission-Driven Organizations." These articles are educational essentials to help .ORGs establish and grow their online presence. Topics include: building your brand, communicating your mission and messaging, developing a website, promoting your organization online, effective blogging, measuring your website for success, leveraging social media, and telling your organization's story during the pandemic. "The .ORG Learning Centerwill serve as a trusted resource for the .ORG Community a place where people can find articles, videos, webinars and other content about how to make their organization successful online,"said Paul Diaz, Vice President, Policy and Director of PIR's education and outreach efforts. "As an exemplary registry, PIR is launching this initiative because we believe there needs to be a centralized place for mission-driven organizations to turn to for help. The .ORG Learning Center will provide the educational resources that every mission-driven organization needs when moving from inspiration to action." The .ORG Learning Centeris part of PIR's longstanding commitment to making educational resources available to the .ORG Community. This work brings together educational efforts that have been going on for years and puts them under one roof. Down the road, PIR will add instructional content including webinars, forums, discussion boards and other educational resources to the site. "We want the .ORG Learning Center to serve as a public square where our community can come together to learn, share, teach and grow,"Diaz added. "We hope that people will find the content informative and useful as they take the next steps on their journey to improving our world." The .ORG Learning Center can be found at orglearningcenter.org. About .ORG.ORG is the original purpose-driven "generic" top-level domain (gTLD) with more than 10 million domain names registered worldwide. .ORG is open to everyone, providing a global platform for organizations, associations, clubs, businesses and individuals to bring their ideas to life. For more than 30 years, .ORG has built an enduring legacy of trust, preserving an open and secure Internet where diverse communities can establish a trusted online identity and freely share ideas. .ORG is powered by the non-profit Public Interest Registry (PIR). PIR has been a champion for a free and open Internet for more than 15 years with a clear mission to be an exemplary domain name registry, provide a trusted digital identity and help educate those who dedicate themselves to improving our world. PIR was founded by the Internet Society (internetsociety.org) in 2002 and is based inReston, Virginia, USA. Visitwww.TheNew.orgfor more information. Media contact: Scott Gerber, [emailprotected], 408-202-4255 SOURCE Public Interest Registry Related Links http://www.orglearningcenter.org
edtsum7994
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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)--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that a class action lawsuit has been filed in the United States District Court for the Northern District of Texas on behalf of investors that purchased (a) Berry Corporation (NASDAQ: BRY) common stock pursuant and/or traceable to the Companys initial public offering conducted on or about July 26, 2018 (the IPO or Offering); or (b) Berry securities between July 26, 2018 and November 3, 2020 (the Class Period). Investors have until January 21, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Click here to participate in the action. On June 29, 2018, the Company filed its Registration Statement on Form S-l for the IPO, which, after an amendment, was declared effective by the SEC on July 25, 2018 (the Registration Statement). On or around July 26, 2018, Berry conducted the IPO, upon which the Company began trading on the NASDAQ Global Select market (NASDAQ), issuing 13 million shares of Berry common stock at $14 per share, generating over $138 million in proceeds before expenses. On July 27, 2018 Berry filed its Prospectus on Form 424B4 with the SEC (the Prospectus and, collectively with the Registration Statement, the Offering Documents). On November 3, 2020, Berry reported its financial and operating results for the third quarter of 2020. Among other results, Berry reported non-GAAP EPS and revenue that both fell short of estimates. In addition, Berry reported that during the quarter, the Company undertook certain operational improvements that caused temporary reductions in our production. Notably, we performed some plugging and abandonment activity that resulted in the temporary shut-in of nearby wells. Additionally, improved steam management reduced overall costs but temporarily increased water disposal and well maintenance needs, resulting in a slight decrease in production. On this news, the Companys stock price fell $0.15 per share, or 5.28%, to close at $2.69 per share on November 4, 2020, representing an 80.78% decline from the IPO price. The complaint, filed on November 20, 2020, alleges that the Offering Documents were negligently prepared, and, as a result, contained untrue statements of material fact, omitted material facts necessary to make the statements contained therein not misleading, and failed to make necessary disclosures required under the rules and regulations governing their preparation. Additionally, throughout the Class Period, defendants made materially false and misleading statements regarding the Companys business, operational and compliance policies. Specifically, the Offering Documents and defendants made false and/or misleading statements and/or failed to disclose that: (i) Berry had materially overstated its operational efficiency and stability; (ii) Berrys operational inefficiency and instability would foreseeably necessitate operational improvements that would disrupt the Companys productivity and increase costs; (iii) the foregoing would foreseeably negatively impact the Company's revenues; and (iv) as a result, the Offering Documents and the Companys public statements were materially false and/or misleading and failed to state information required to be stated therein. If you purchased Berry common stock pursuant and/or traceable to the IPO or Berry securities during the Class Period and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes. Answer:
DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Berry Corporation and Encourages Investors to Contact the Firm
NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that a class action lawsuit has been filed in the United States District Court for the Northern District of Texas on behalf of investors that purchased (a) Berry Corporation (NASDAQ: BRY) common stock pursuant and/or traceable to the Companys initial public offering conducted on or about July 26, 2018 (the IPO or Offering); or (b) Berry securities between July 26, 2018 and November 3, 2020 (the Class Period). Investors have until January 21, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Click here to participate in the action. On June 29, 2018, the Company filed its Registration Statement on Form S-l for the IPO, which, after an amendment, was declared effective by the SEC on July 25, 2018 (the Registration Statement). On or around July 26, 2018, Berry conducted the IPO, upon which the Company began trading on the NASDAQ Global Select market (NASDAQ), issuing 13 million shares of Berry common stock at $14 per share, generating over $138 million in proceeds before expenses. On July 27, 2018 Berry filed its Prospectus on Form 424B4 with the SEC (the Prospectus and, collectively with the Registration Statement, the Offering Documents). On November 3, 2020, Berry reported its financial and operating results for the third quarter of 2020. Among other results, Berry reported non-GAAP EPS and revenue that both fell short of estimates. In addition, Berry reported that during the quarter, the Company undertook certain operational improvements that caused temporary reductions in our production. Notably, we performed some plugging and abandonment activity that resulted in the temporary shut-in of nearby wells. Additionally, improved steam management reduced overall costs but temporarily increased water disposal and well maintenance needs, resulting in a slight decrease in production. On this news, the Companys stock price fell $0.15 per share, or 5.28%, to close at $2.69 per share on November 4, 2020, representing an 80.78% decline from the IPO price. The complaint, filed on November 20, 2020, alleges that the Offering Documents were negligently prepared, and, as a result, contained untrue statements of material fact, omitted material facts necessary to make the statements contained therein not misleading, and failed to make necessary disclosures required under the rules and regulations governing their preparation. Additionally, throughout the Class Period, defendants made materially false and misleading statements regarding the Companys business, operational and compliance policies. Specifically, the Offering Documents and defendants made false and/or misleading statements and/or failed to disclose that: (i) Berry had materially overstated its operational efficiency and stability; (ii) Berrys operational inefficiency and instability would foreseeably necessitate operational improvements that would disrupt the Companys productivity and increase costs; (iii) the foregoing would foreseeably negatively impact the Company's revenues; and (iv) as a result, the Offering Documents and the Companys public statements were materially false and/or misleading and failed to state information required to be stated therein. If you purchased Berry common stock pursuant and/or traceable to the IPO or Berry securities during the Class Period and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
edtsum7995
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: NEWPORT BEACH, Calif., Nov. 18, 2020 /PRNewswire/ -- Vivera Pharmaceuticals is excited to announce a distribution partnership with EcoGroup USA for Vivera's BioZone, an advanced access control device intended for sanitization in high occupancy settings. BioZone is designed to combine facial recognition, integrated biometrics, and a hospital grade FDA and EPA approved organic sanitization mist (OSM) to provide a completely integrated solution for high occupancy and high traffic settings. It can be customized to address the specific and diverse needs of different facilities. BIOZONE device in hospital corridor An integrated solution, BioZone allows for maximum flexibility in how back to work or back to school protocols are set. Tweet this Vivera Pharmaceuticals' CEO, Paul Edalat said, "Technology like BioZone is central to closing the gap between restoring safety and instilling confidence in workplaces and public venues again. An integrated solution, BioZone allows for maximum flexibility in how back to work or back to school protocols are set. BioZone is an additional piece to the overall puzzle, and Vivera is looking forward to working with EcoGroup USA on expanding the reach of COVID-19 solutions." This statement from Mr. Edalat reiterates EcoGroup USA's mission in providing solutions for a safe and healthy work environment to all businesses. Dr. Harold Haines Ph.D., Chief Technology Officer of EcoGroup USA, added, "We welcome the addition of Vivera Pharmaceuticals into EcoGroup USA's growing list of American and International partners who contribute new and innovative products, services, and technologies, which strengthen and expand our existing solutions for preventing and controlling the spread of infectious disease agents, including COVID-19, in indoor environments. Vivera's BioZone is a unique, personal, whole-body sanitizing and thermal imaging system which perfectly complements our existing technology platforms by identifying potential carriers of COVID-19 and by providing whole body sanitization and personal identification." About Vivera Pharmaceuticals, Inc. Vivera Pharmaceuticals, Inc., is an innovative, science-driven pharmaceutical company focused on novel therapies for a variety of indications. In addition to its pharmaceutical, medical device, medical supply, medical technologies, and health and human service divisions, the Company has global exclusivity to license the patented and patent-pending TABMELT sublingual drug-delivery system for the pharmaceutical use of therapeutic compounds. Vivera is vertically integrated with patented technology, manufacturing capabilities, and distribution for its products. For more information please visit www.viverapharma.com, or email at [emailprotected] About EcoGroup USAEcoGroup USA provides best in class EPA and FDA registered products including patented technologies made in the USA focused on today's overgrowing concerns to provide a healthy environment for businesses to re-open safely, while providing future-proof solutions and technology ensuring its clients can stay open in the face of future challenges. EcoGroup USA features a full line of personalprotection equipment (PPE), along with innovative surface and air antimicrobial solutions, and indoor air quality technology designed to eliminate dangerous pathogens from facilities of all sizes. EcoGroup USA's antimicrobials solutions combined withits EcoSense Platforms proprietary Indoor Air Quality (IAQ) monitoring and analytic platform delivers a highly state-of-the-art comprehensive solution. Its team of PhDs, scientists, medical doctors, and partners have combined decades of experience in the microbial elimination and environment protection solutions field. The results of EcoGroup USA's subject matter experts' collaboration are solutions capable of providing safe and healthy work environments, enhancing worker confidence and customer comfort. For more information please visit:www.ecogroupusa.comor email[emailprotected].Contact: Vivera Pharmaceuticals Press Office 949-234-6161 [emailprotected] SOURCE Vivera Pharmaceuticals, Inc. Related Links viverapharma.com Answer:
Vivera Pharmaceuticals Partners with EcoGroup USA in the Distribution of its BioZone Sanitizing Stations
NEWPORT BEACH, Calif., Nov. 18, 2020 /PRNewswire/ -- Vivera Pharmaceuticals is excited to announce a distribution partnership with EcoGroup USA for Vivera's BioZone, an advanced access control device intended for sanitization in high occupancy settings. BioZone is designed to combine facial recognition, integrated biometrics, and a hospital grade FDA and EPA approved organic sanitization mist (OSM) to provide a completely integrated solution for high occupancy and high traffic settings. It can be customized to address the specific and diverse needs of different facilities. BIOZONE device in hospital corridor An integrated solution, BioZone allows for maximum flexibility in how back to work or back to school protocols are set. Tweet this Vivera Pharmaceuticals' CEO, Paul Edalat said, "Technology like BioZone is central to closing the gap between restoring safety and instilling confidence in workplaces and public venues again. An integrated solution, BioZone allows for maximum flexibility in how back to work or back to school protocols are set. BioZone is an additional piece to the overall puzzle, and Vivera is looking forward to working with EcoGroup USA on expanding the reach of COVID-19 solutions." This statement from Mr. Edalat reiterates EcoGroup USA's mission in providing solutions for a safe and healthy work environment to all businesses. Dr. Harold Haines Ph.D., Chief Technology Officer of EcoGroup USA, added, "We welcome the addition of Vivera Pharmaceuticals into EcoGroup USA's growing list of American and International partners who contribute new and innovative products, services, and technologies, which strengthen and expand our existing solutions for preventing and controlling the spread of infectious disease agents, including COVID-19, in indoor environments. Vivera's BioZone is a unique, personal, whole-body sanitizing and thermal imaging system which perfectly complements our existing technology platforms by identifying potential carriers of COVID-19 and by providing whole body sanitization and personal identification." About Vivera Pharmaceuticals, Inc. Vivera Pharmaceuticals, Inc., is an innovative, science-driven pharmaceutical company focused on novel therapies for a variety of indications. In addition to its pharmaceutical, medical device, medical supply, medical technologies, and health and human service divisions, the Company has global exclusivity to license the patented and patent-pending TABMELT sublingual drug-delivery system for the pharmaceutical use of therapeutic compounds. Vivera is vertically integrated with patented technology, manufacturing capabilities, and distribution for its products. For more information please visit www.viverapharma.com, or email at [emailprotected] About EcoGroup USAEcoGroup USA provides best in class EPA and FDA registered products including patented technologies made in the USA focused on today's overgrowing concerns to provide a healthy environment for businesses to re-open safely, while providing future-proof solutions and technology ensuring its clients can stay open in the face of future challenges. EcoGroup USA features a full line of personalprotection equipment (PPE), along with innovative surface and air antimicrobial solutions, and indoor air quality technology designed to eliminate dangerous pathogens from facilities of all sizes. EcoGroup USA's antimicrobials solutions combined withits EcoSense Platforms proprietary Indoor Air Quality (IAQ) monitoring and analytic platform delivers a highly state-of-the-art comprehensive solution. Its team of PhDs, scientists, medical doctors, and partners have combined decades of experience in the microbial elimination and environment protection solutions field. The results of EcoGroup USA's subject matter experts' collaboration are solutions capable of providing safe and healthy work environments, enhancing worker confidence and customer comfort. For more information please visit:www.ecogroupusa.comor email[emailprotected].Contact: Vivera Pharmaceuticals Press Office 949-234-6161 [emailprotected] SOURCE Vivera Pharmaceuticals, Inc. Related Links viverapharma.com
edtsum7996
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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, April 19, 2021 /PRNewswire/ --What's the news? The University of Connecticut (UConn) and AT&T* are working together to advance entrepreneurship, innovation, and data science using AT&T 5G+ millimeter wave and Multi-access Edge Compute (MEC) technology on the Stamford campus. The AT&T 5G+ network will allow the university to advance academic programs that will explore new use cases and expand entrepreneurial activity. With the support of CTNext and StamfordNext, AT&T's collaboration with UConn Stamford will bring 5G capabilities to bolster the UConn Stamford Data Science Initiative which includes the Stamford Start-up Studio, the UConn Technology Incubation Program (TIP Digital) in Stamford, and the work of a soon to be hired team of data science research faculty. AT&T and UConn expect the Stamford campus's new resources to connect industry expertise with student and faculty innovation to create pathways to career opportunities and open avenues to new cutting-edge research. Why is this important? AT&T 5G infrastructure will provide wireless high-speed connectivity at UConn Stamford. MEC computing is essentially a cellular network architecture that when used with 5G+ allows near real-time, ultra high-bandwidth, and ultra-low latency access to latency dependent mobile applications. 5G and MEC will help connect students, faculty, and university partners via a private network. In other words, the technology will enable UConn Stamford to deliver advanced experiences and outcomes to students, faculty, and research communities without data having to travel to remote data centers. The addition of AT&T's 5G+ mmWave service will enhance UConn Stamford's ability to serve the state, region, and university by strengthening and expanding Connecticut's innovation ecosystem. Academic programs and student life should also benefit, while the socio-economic impact of this development stands to tangibly benefit University partners and stakeholders. AT&T and UConn expect the new 5G lab to support a broad array of technology tools and innovations that can help the university expand its work in entrepreneurship and data science. UConn use cases powered by AT&T 5G+ will include: Entrepreneurship & Innovation Co-op The program will help budding entrepreneurs learn how to build early stage products and technology for the real estate and construction industries. The 5G infrastructure will help student entrepreneurs unleash innovation and transform business operations. The program also supports women and minority-owned business innovators by connecting and building a network of relationships within the university and across the state. Data Science Tech Incubator -- 5G willhelp TIP Digital startups to monitor and analyze datafast and more efficiently. Use cases include real-time analysis of patient data so that care can be administered sooner as well as improved monitoring of severe weather so that utility companies can respond faster to power outages. Having access to 5G technology helps enable TIP Digital companies to innovate faster and attract top talent to the area. Data Science Faculty Fellows The program will use 5G for analytics and data visualization research across engineering, liberal arts, fine arts, and business. These data science faculty fellows will work to produce cutting-edge research in collaboration with industry partners, with the potential for commercialization. The initiative complements UConn's commitment to Stamford and the business community. When the lab opens, UConn anticipates working with regional companies to expand student experiences and opportunities. When will the technology be implemented?Build-out for the 5G Lab is expected finish by late Summer 2021. When complete, the Lab will accelerate academic research and programs already underway. What are people saying? "5G is a real game-changer. Access to ultra-fast wireless speeds is critical to our economic future for business and residents of our state," said Connecticut Governor Ned Lamont. "The work with AT&T is another step in setting the groundwork for future capabilities that will help unlock new economic development opportunities for Connecticut and UConn Stamford." "Our collaboration with AT&T helps make the University and the state stronger and enhances our focus on entrepreneurship, innovation and business partnership. We are honored to work with AT&T to explore the future of 5G and MEC-powered innovations," said Thomas Katsouleas, President, University of Connecticut. "5G opens the door to new business models, products, services, and solutions. The widespread adoption of 5G technology can transform the business world across all sectors and bring exponential benefits," said Anne Chow, CEO, AT&T Business. "Leading universities like UConn Stamford are utilizing 5G to empower students and faculty to innovate and make learning come alive in the most extraordinary ways. There's no better place for 5G to be explored than on college campuses with our next generation of leaders." "With UConn-Stamford and AT&T 5G together, the possibilities are as exciting as they are limitless. In UConn's hands, ultra-fast, reliable connectivity will open doors of opportunity for students, businesses, and the community, enabling innovation in countless areas," said John Emra, President, AT&T New England Region. "We are grateful to the entire team at UConn Stamford for their collaboration. And we applaud Governor Lamont for taking his vision for a modern, connected, and cutting-edge Connecticut and making it a reality." Where can I find more information?To learn more about how UConn Stamford is innovating with 5G+, join Anne Chow on LinkedIn Live later today for Champions for Change: Building the Future with 5G featuring Terrence Cheng, Technology Director, UConn-Stamford. And on April 22, Anne Chow and Governor Ned Lamont will explore how 5G will impact the future of education at the Collision Conference. Goherefor more information about AT&T's 5G work with universities andherefor more information about theUConn Stamford.Youcanalso find more information aboutUConn's Stamford Data Science Initiative, thePeter J. Werth Institute for Entrepreneurship and Innovation, andUConn's Tech Commercialization efforts. *About AT&T CommunicationsWe help family, friends and neighbors connect in meaningful ways every day. From the first phone call 140+ years ago to mobile video streaming, we @ATT innovate to improve lives. AT&T Communications is part of AT&T Inc. (NYSE:T). For more information, please visitus atatt.com. About UConn StamfordAs UConn's largest undergraduate regional campus, in the most high profile and economically productive county in the state, UConn Stamford provides a top-ranked research university education, delivered in the intimate climate of an urban liberal arts college. Graduate and undergraduate students study business, computer science, digital media and design, and other disciplines, while taking advantage of the City of Stamford's remarkable landscape of supportive community and business partners. Additionally, with New York City and all it has to offer less than one hour away, UConn Stamford's location and synergized relationships opportunities benefit our students and the region. The campus serves as a catalyst for entrepreneurship and innovation, leading to social mobility for our students, and economic impact for the region. SOURCE AT&T Communications Related Links https://www.att.com Answer:
UConn and AT&T Collaborate to Bring Private 5G Network to Stamford Lab UConn Stamford one of the first elite campuses in the Northeast region to advance academic programs with 5G+ and multi-access edge compute technology
DALLAS, April 19, 2021 /PRNewswire/ --What's the news? The University of Connecticut (UConn) and AT&T* are working together to advance entrepreneurship, innovation, and data science using AT&T 5G+ millimeter wave and Multi-access Edge Compute (MEC) technology on the Stamford campus. The AT&T 5G+ network will allow the university to advance academic programs that will explore new use cases and expand entrepreneurial activity. With the support of CTNext and StamfordNext, AT&T's collaboration with UConn Stamford will bring 5G capabilities to bolster the UConn Stamford Data Science Initiative which includes the Stamford Start-up Studio, the UConn Technology Incubation Program (TIP Digital) in Stamford, and the work of a soon to be hired team of data science research faculty. AT&T and UConn expect the Stamford campus's new resources to connect industry expertise with student and faculty innovation to create pathways to career opportunities and open avenues to new cutting-edge research. Why is this important? AT&T 5G infrastructure will provide wireless high-speed connectivity at UConn Stamford. MEC computing is essentially a cellular network architecture that when used with 5G+ allows near real-time, ultra high-bandwidth, and ultra-low latency access to latency dependent mobile applications. 5G and MEC will help connect students, faculty, and university partners via a private network. In other words, the technology will enable UConn Stamford to deliver advanced experiences and outcomes to students, faculty, and research communities without data having to travel to remote data centers. The addition of AT&T's 5G+ mmWave service will enhance UConn Stamford's ability to serve the state, region, and university by strengthening and expanding Connecticut's innovation ecosystem. Academic programs and student life should also benefit, while the socio-economic impact of this development stands to tangibly benefit University partners and stakeholders. AT&T and UConn expect the new 5G lab to support a broad array of technology tools and innovations that can help the university expand its work in entrepreneurship and data science. UConn use cases powered by AT&T 5G+ will include: Entrepreneurship & Innovation Co-op The program will help budding entrepreneurs learn how to build early stage products and technology for the real estate and construction industries. The 5G infrastructure will help student entrepreneurs unleash innovation and transform business operations. The program also supports women and minority-owned business innovators by connecting and building a network of relationships within the university and across the state. Data Science Tech Incubator -- 5G willhelp TIP Digital startups to monitor and analyze datafast and more efficiently. Use cases include real-time analysis of patient data so that care can be administered sooner as well as improved monitoring of severe weather so that utility companies can respond faster to power outages. Having access to 5G technology helps enable TIP Digital companies to innovate faster and attract top talent to the area. Data Science Faculty Fellows The program will use 5G for analytics and data visualization research across engineering, liberal arts, fine arts, and business. These data science faculty fellows will work to produce cutting-edge research in collaboration with industry partners, with the potential for commercialization. The initiative complements UConn's commitment to Stamford and the business community. When the lab opens, UConn anticipates working with regional companies to expand student experiences and opportunities. When will the technology be implemented?Build-out for the 5G Lab is expected finish by late Summer 2021. When complete, the Lab will accelerate academic research and programs already underway. What are people saying? "5G is a real game-changer. Access to ultra-fast wireless speeds is critical to our economic future for business and residents of our state," said Connecticut Governor Ned Lamont. "The work with AT&T is another step in setting the groundwork for future capabilities that will help unlock new economic development opportunities for Connecticut and UConn Stamford." "Our collaboration with AT&T helps make the University and the state stronger and enhances our focus on entrepreneurship, innovation and business partnership. We are honored to work with AT&T to explore the future of 5G and MEC-powered innovations," said Thomas Katsouleas, President, University of Connecticut. "5G opens the door to new business models, products, services, and solutions. The widespread adoption of 5G technology can transform the business world across all sectors and bring exponential benefits," said Anne Chow, CEO, AT&T Business. "Leading universities like UConn Stamford are utilizing 5G to empower students and faculty to innovate and make learning come alive in the most extraordinary ways. There's no better place for 5G to be explored than on college campuses with our next generation of leaders." "With UConn-Stamford and AT&T 5G together, the possibilities are as exciting as they are limitless. In UConn's hands, ultra-fast, reliable connectivity will open doors of opportunity for students, businesses, and the community, enabling innovation in countless areas," said John Emra, President, AT&T New England Region. "We are grateful to the entire team at UConn Stamford for their collaboration. And we applaud Governor Lamont for taking his vision for a modern, connected, and cutting-edge Connecticut and making it a reality." Where can I find more information?To learn more about how UConn Stamford is innovating with 5G+, join Anne Chow on LinkedIn Live later today for Champions for Change: Building the Future with 5G featuring Terrence Cheng, Technology Director, UConn-Stamford. And on April 22, Anne Chow and Governor Ned Lamont will explore how 5G will impact the future of education at the Collision Conference. Goherefor more information about AT&T's 5G work with universities andherefor more information about theUConn Stamford.Youcanalso find more information aboutUConn's Stamford Data Science Initiative, thePeter J. Werth Institute for Entrepreneurship and Innovation, andUConn's Tech Commercialization efforts. *About AT&T CommunicationsWe help family, friends and neighbors connect in meaningful ways every day. From the first phone call 140+ years ago to mobile video streaming, we @ATT innovate to improve lives. AT&T Communications is part of AT&T Inc. (NYSE:T). For more information, please visitus atatt.com. About UConn StamfordAs UConn's largest undergraduate regional campus, in the most high profile and economically productive county in the state, UConn Stamford provides a top-ranked research university education, delivered in the intimate climate of an urban liberal arts college. Graduate and undergraduate students study business, computer science, digital media and design, and other disciplines, while taking advantage of the City of Stamford's remarkable landscape of supportive community and business partners. Additionally, with New York City and all it has to offer less than one hour away, UConn Stamford's location and synergized relationships opportunities benefit our students and the region. The campus serves as a catalyst for entrepreneurship and innovation, leading to social mobility for our students, and economic impact for the region. SOURCE AT&T Communications Related Links https://www.att.com
edtsum7997
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: NEW YORK, July 8, 2020 /PRNewswire/ --Today, Sony/ATV Music Publishing announced it has signed the Swedish songwriter, producer, and multi-instrumentalistLinus "Lotus IV" Wiklundto a global publishing agreement.Linus Wiklundis one of today's most in-demand hitmakers, having written popular singles including "Happy Now" by Zedd ft. Elley Duh, "Don't Leave Me Alone" by David Guetta ft. Anne-Marie, and "Let You Love Me" by Rita Ora. He has also co-written Ava Max's forthcoming single, "Who's Laughing Now." From left to right: Johnny Tennander, Linus Wiklund, Jakob Emtestam, Lasse Ewald. Johnny Tennander,Managing Director, Scandinavia and SVP A&R, Europe, and Amanda Hill, SVP, A&R stated,"We are thrilled to welcome Linus to Sony/ATV. He has been a friend to the family for a long time and we couldn't be more excited to enter into this deal together. Linus is an incredibly talented producer and songwriter, and we can't wait for all the great music that is to come." Linussaid,"My friends at Sony/ATV have been like extended family ever since I started out in this business about a decade ago. It couldn't feel more natural to finally become part of the family for real. I look very much forward to our future together!" Over the last few years, Linus's music career has skyrocketed and earned him international success. His biggest single, "Stay" by Zedd and Alessia Cara, dominated the charts across the globe, spent seven weeks in the Top 10 on the Billboard Hot 100, spent six weeks at No. 1 on US radio charts, and was nominated for the 'Best Pop Duo Performance' Grammy in 2018.In 2013, Linus rose to prominence as asongwriter with the song "I Could Be The One" by Avicii, which was Avicii's first UK #1 single.Since then, he has co-written top singles including "All This Love" and "Sweet Escape" by Alesso, and worked with artists includingCharli XCX, Clean Bandit,Noonie Bao, Paloma Faith, and many others. Additionally, Linus has written scores for several Swedish television shows and documentaries. He also penned the single "Dark Side" by Future and Ty Dolla $ign ft. Kiiara, which was featured in the Netflix filmBright, starring Will Smith.SOURCE Sony/ATV Related Links sonyatv.com Answer:
Sony/ATV Signs Linus Wiklund to Worldwide Publishing Deal
NEW YORK, July 8, 2020 /PRNewswire/ --Today, Sony/ATV Music Publishing announced it has signed the Swedish songwriter, producer, and multi-instrumentalistLinus "Lotus IV" Wiklundto a global publishing agreement.Linus Wiklundis one of today's most in-demand hitmakers, having written popular singles including "Happy Now" by Zedd ft. Elley Duh, "Don't Leave Me Alone" by David Guetta ft. Anne-Marie, and "Let You Love Me" by Rita Ora. He has also co-written Ava Max's forthcoming single, "Who's Laughing Now." From left to right: Johnny Tennander, Linus Wiklund, Jakob Emtestam, Lasse Ewald. Johnny Tennander,Managing Director, Scandinavia and SVP A&R, Europe, and Amanda Hill, SVP, A&R stated,"We are thrilled to welcome Linus to Sony/ATV. He has been a friend to the family for a long time and we couldn't be more excited to enter into this deal together. Linus is an incredibly talented producer and songwriter, and we can't wait for all the great music that is to come." Linussaid,"My friends at Sony/ATV have been like extended family ever since I started out in this business about a decade ago. It couldn't feel more natural to finally become part of the family for real. I look very much forward to our future together!" Over the last few years, Linus's music career has skyrocketed and earned him international success. His biggest single, "Stay" by Zedd and Alessia Cara, dominated the charts across the globe, spent seven weeks in the Top 10 on the Billboard Hot 100, spent six weeks at No. 1 on US radio charts, and was nominated for the 'Best Pop Duo Performance' Grammy in 2018.In 2013, Linus rose to prominence as asongwriter with the song "I Could Be The One" by Avicii, which was Avicii's first UK #1 single.Since then, he has co-written top singles including "All This Love" and "Sweet Escape" by Alesso, and worked with artists includingCharli XCX, Clean Bandit,Noonie Bao, Paloma Faith, and many others. Additionally, Linus has written scores for several Swedish television shows and documentaries. He also penned the single "Dark Side" by Future and Ty Dolla $ign ft. Kiiara, which was featured in the Netflix filmBright, starring Will Smith.SOURCE Sony/ATV Related Links sonyatv.com
edtsum7998
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: PERTH, Australia, May 18, 2020 /PRNewswire/ --Arafura Resources Ltd (ASX:ARU), based in Western Australia focused on the Nolans NdPr Project today announcedthat Gavin Lockyer, Managing Director, will present live at VirtualInvestorConferences.com on May 21st. DATE: Thursday, May 21st TIME: 10:00AM 10:30AM ET (USA) LINK:https://tinyurl.com/May21VICPR This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. Learn more about the event at www.virtualinvestorconferences.com. Recent Company Highlights Life of mine extended to 33 years Only Australian NdPr project with environmental approval for ore to oxide In Principle Agreement reached with Native Title Holders Actively involved in Australian Government Critical Minerals initiatives About Arafura Resources Ltd Arafura Resources in an Australian company with a world class Neodymium-Praseodymium resource in the Northern Territory of Australia. About Virtual Investor Conferences Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors. A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group's suite of investor relations services specifically designed for more efficient Investor Access. Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network. SOURCE VirtualInvestorConferences.com Answer:
Arafura Resources Ltd to Webcast Live at VirtualInvestorConferences.com May 21st Company invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.com
PERTH, Australia, May 18, 2020 /PRNewswire/ --Arafura Resources Ltd (ASX:ARU), based in Western Australia focused on the Nolans NdPr Project today announcedthat Gavin Lockyer, Managing Director, will present live at VirtualInvestorConferences.com on May 21st. DATE: Thursday, May 21st TIME: 10:00AM 10:30AM ET (USA) LINK:https://tinyurl.com/May21VICPR This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. Learn more about the event at www.virtualinvestorconferences.com. Recent Company Highlights Life of mine extended to 33 years Only Australian NdPr project with environmental approval for ore to oxide In Principle Agreement reached with Native Title Holders Actively involved in Australian Government Critical Minerals initiatives About Arafura Resources Ltd Arafura Resources in an Australian company with a world class Neodymium-Praseodymium resource in the Northern Territory of Australia. About Virtual Investor Conferences Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors. A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group's suite of investor relations services specifically designed for more efficient Investor Access. Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network. SOURCE VirtualInvestorConferences.com
edtsum7999
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) reported fourth quarter 2020 net earnings of $49 million, or $0.22 per diluted share. Adjusted net loss was $60 million, or $0.27 per diluted share. This compares to fourth quarter 2019 net loss of $668 million, or $3.93 per diluted share. Adjusted net loss for the fourth quarter 2019 was $109 million, or $0.64 per diluted share. Full-year 2020 net loss was $1,165 million, or $5.92 per diluted share. Adjusted net loss was $920 million, or $4.67 per diluted share. This compares to full-year 2019 net loss of $630 million, or $3.67 per diluted share. Adjusted net earnings for 2019 were $15 million, or $0.09 per diluted share. Earnings Highlights Quarter Ended Year Ended December 31, December 31, (Dollars in millions, except per share amounts) 2020 2019 2020 2019 Net Sales $ 2,562 $ 2,824 $ 9,741 $ 12,937 Segment (loss) earnings before interest and income taxes Flat-Rolled $ (73 ) $ (79 ) $ (596 ) $ 196 U. S. Steel Europe 36 (30 ) 9 (57 ) Tubular (32 ) (46 ) (179 ) (67 ) Other Businesses (6 ) (3 ) (39 ) 23 Total segment (loss) earnings before interest and income taxes $ (75 ) $ (158 ) $ (805 ) $ 95 Other items not allocated to segments 118 (218 ) (270 ) (325 ) Earnings (loss) before interest and income taxes $ 43 $ (376 ) $ (1,075 ) $ (230 ) Net interest and other financial costs 88 71 232 222 Income tax (benefit) provision (94 ) 221 (142 ) 178 Net earnings (loss) $ 49 $ (668 ) $ (1,165 ) $ (630 ) Earnings (loss) per diluted share $ 0.22 $ (3.93 ) $ (5.92 ) $ (3.67 ) Adjusted net (loss) earnings (a) $ (60 ) $ (109 ) $ (920 ) $ 15 Adjusted net (loss) earnings per diluted share (a) $ (0.27 ) $ (0.64 ) $ (4.67 ) $ 0.09 Adjusted earnings (loss) before interest, income taxes, depreciation and amortization (EBITDA) (a) $ 87 $ 4 $ (162 ) $ 711 (a) Please refer to the non-GAAP Financial Measures section of this document for the reconciliation of these amounts. We finished 2020 strong and are optimistic about the opportunity to deliver incremental value for our stakeholders in 2021, said U. S. Steel President and CEO David B. Burritt. Our fourth quarter adjusted EBITDA of $87 million is only just beginning to show the potential of our earnings growth as we begin to realize the benefits of higher prices, adaptive operations, and our continued focus on cost management. Our performance continues to strengthen as we enter 2021 and we are bullish that the market will continue to be fueled by robust demand, low inventories, and supportive raw material prices. Commenting on its Best of BothSM strategy execution in 2020, Burritt continued, The team at U. S. Steel created unprecedented value in the trough by continuing our transformation into a world-competitive, Best of Both steel producer. By keeping the business resilient, we were able to execute our number one strategic priority to acquire the remaining stake in Big River Steel. With Big River Steel now fully part of the U. S. Steel portfolio, we are well positioned to drive significant earnings growth while delivering our customers an unmatched value proposition. Our future starts now and we cannot wait to show the world the value that the only Best of Both steel company can create. ***** The Company will conduct a conference call on the fourth quarter and full-year 2020 earnings on Friday, January 29, at 8:30 a.m. Eastern Standard. To listen to the webcast of the conference call, and to access the company's slide presentation, visit the U. S. Steel website, www.ussteel.com, and click on the Investors section. Replays of the conference call will be available on the website after 10:30 a.m. on January 29. UNITED STATES STEEL CORPORATION PRELIMINARY SUPPLEMENTAL STATISTICS (Unaudited) Quarter Ended Year Ended December 31, December 31, 2020 2019 2020 2019 OPERATING STATISTICS Average realized price: ($/net ton unless otherwise noted) (a) Flat-Rolled 731 699 718 753 U. S. Steel Europe 652 622 626 652 U. S. Steel Europe (/net ton) 547 562 549 582 Tubular 1,267 1,298 1,271 1,450 Steel shipments (thousands of net tons):(a) Flat-Rolled 2,257 2,517 8,711 10,700 U. S. Steel Europe 840 757 3,041 3,590 Tubular 74 193 464 769 Total Steel Shipments 3,171 3,467 12,216 15,059 Intersegment steel (unless otherwise noted) shipments (thousands of net tons): Flat-Rolled to Tubular 46 101 258 Flat-Rolled to U. S. Steel Europe (iron ore pellets and fines) 506 1,418 424 Raw steel production (thousands of net tons): Flat-Rolled 2,490 2,567 9,313 11,409 U. S. Steel Europe 966 773 3,366 3,903 Tubular 16 16 Raw steel capability utilization:(b) Flat-Rolled 58 % 60 % 55 % 67 % U. S. Steel Europe 77 % 61 % 67 % 78 % Tubular (c) 7 % % 7 % % CAPITAL EXPENDITURES (dollars in millions) Flat-Rolled $ 93 $ 179 $ 484 $ 943 U. S. Steel Europe 15 42 79 153 Tubular 26 48 159 145 Other Businesses 5 3 11 Total $ 134 $ 274 $ 725 $ 1,252 (a) Excludes intersegment shipments. (b) Based on annual raw steel production capability of 17.0 million net tons for Flat-Rolled, 5.0 million net tons for U. S. Steel Europe and 0.9 million net tons for Tubular. (c) The Fairfield Electric Arc Furnace commenced operation in October 2020. The new 1.6 million ton electric arc furnace is currently used to feed our 0.9 million ton rounds caster. As a result, the Tubular segment now has annual raw steel production capability of 0.9 million tons. The 2020 production as a % of total capability amount is based on an October 1, 2020 start date. UNITED STATES STEEL CORPORATION CONDENSED STATEMENT OF OPERATIONS (Unaudited) Quarter Ended Year Ended December 31, December 31, (Dollars in millions, except per share amounts) 2020 2019 2020 2019 NET SALES $ 2,562 $ 2,824 $ 9,741 $ 12,937 Operating expenses (income): Cost of sales (excludes items shown below) 2,384 2,781 9,558 12,082 Selling, general and administrative expenses 75 66 274 289 Depreciation, depletion and amortization 162 162 643 616 Loss (earnings) from investees 39 (11 ) 117 (79 ) Asset impairment charges 263 Gain on equity investee transactions (31 ) Restructuring charges 8 221 138 275 Net gain on disposal of assets (147 ) (4 ) (149 ) (1 ) Other loss (income), net (2 ) (15 ) 3 (15 ) Total operating expenses 2,519 3,200 10,816 13,167 EARNINGS (LOSS) BEFORE INTEREST AND INCOME TAXES 43 (376 ) (1,075 ) (230 ) Net interest and other financial costs 88 71 232 222 (LOSS) EARNINGS BEFORE INCOME TAXES (45 ) (447 ) (1,307 ) (452 ) Income tax (benefit) provision (94 ) 221 (142 ) 178 Net earnings (loss) 49 (668 ) (1,165 ) (630 ) Less: Net earnings (loss) attributable to noncontrolling interests NET EARNINGS (LOSS) ATTRIBUTABLE TO UNITED STATES STEEL CORPORATION $ 49 $ (668 ) $ (1,165 ) $ (630 ) COMMON STOCK DATA: Net (loss) earnings per share attributable to United States Steel Corporation stockholders: Basic $ 0.22 $ (3.93 ) $ (5.92 ) $ (3.67 ) Diluted $ 0.22 $ (3.93 ) $ (5.92 ) $ (3.67 ) Weighted average shares, in thousands Basic 220,412 170,041 196,721 171,418 Diluted 223,781 170,041 196,721 171,418 Dividends paid per common share $ 0.01 $ 0.05 $ 0.04 $ 0.20 UNITED STATES STEEL CORPORATION CONDENSED CASH FLOW STATEMENT (Unaudited) Year Ended December 31, (Dollars in millions) 2020 2019 Cash provided by (used in) operating activities: Net loss $ (1,165 ) $ (630 ) Depreciation, depletion and amortization 643 616 Asset impairment charges 263 Gain on equity investee transactions (31 ) Restructuring charges 138 275 Pensions and other post-employment benefits (21 ) 101 Deferred income taxes (130 ) 202 Net gain on sale of assets (149 ) (1 ) Working capital changes 575 276 Income taxes receivable/payable 20 13 Other operating activities (5 ) (170 ) Total 138 682 Cash used in investing activities: Capital expenditures (725 ) (1,252 ) Investment in Big River Steel (9 ) (710 ) Proceeds from sale of assets 167 4 Proceeds from sale of ownership interests in equity investees 8 Investments, net (4 ) Total (563 ) (1,958 ) Cash provided by (used in) financing activities: Net change in short-term debt, net of financing costs 170 Revolving credit facilities - borrowings, net of financing costs 1,402 860 Revolving credit facilities - repayments (1,621 ) (100 ) Issuance of long-term debt, net of financing costs 1,148 702 Repayment of long-term debt (13 ) (155 ) Net proceeds from public offering of common stock 410 Proceeds from Stelco Option agreement, net of financing costs 94 Common stock repurchased (88 ) Taxes paid for equity compensation plans (1 ) (7 ) Dividends paid (8 ) (35 ) Total 1,581 1,177 Effect of exchange rate changes on cash 23 (2 ) Net increase (decrease) in cash, cash equivalents and restricted cash 1,179 (101 ) Cash, cash equivalents and restricted cash at beginning of the year 939 1,040 Cash, cash equivalents and restricted cash at end of the period $ 2,118 $ 939 UNITED STATES STEEL CORPORATION CONDENSED BALANCE SHEET (Unaudited) December 31, December 31, (Dollars in millions) 2020 2019 Cash and cash equivalents $ 1,985 $ 749 Receivables, net 994 1,177 Inventories 1,402 1,785 Other current assets 51 102 Total current assets 4,432 3,813 Operating lease assets 214 230 Property, plant and equipment, net 5,444 5,447 Investments and long-term receivables, net 1,177 1,466 Intangible, net 129 150 Deferred income tax benefits 22 19 Other noncurrent assets 641 483 Total assets $ 12,059 $ 11,608 Accounts payable and other accrued liabilities 1,884 2,054 Payroll and benefits payable 308 336 Short-term debt and current maturities of long-term debt 192 14 Other current liabilities 272 221 Total current liabilities 2,656 2,625 Noncurrent operating lease liabilities 163 177 Long-term debt, less unamortized discount and debt issuance costs 4,695 3,627 Employee benefits 322 532 Other long-term liabilities 344 554 United States Steel Corporation stockholders' equity 3,786 4,092 Noncontrolling interests 93 1 Total liabilities and stockholders' equity $ 12,059 $ 11,608 UNITED STATES STEEL CORPORATION NON-GAAP FINANCIAL MEASURES RECONCILIATION OF ADJUSTED NET (LOSS) EARNINGS Quarter Ended Year Ended December 31, December 31, (Dollars in millions, except per share amounts) (a) 2020 2019 2020 2019 Reconciliation to adjusted net (loss) earnings attributable to United States Steel Corporation Net earnings (loss) attributable to United States Steel Corporation, as reported $ 49 (668 ) $ (1,165 ) $ (630 ) Asset impairment charge 263 Restructuring and other charges 8 221 131 263 Tubular inventory impairment 24 Big River Steel debt extinguishment charges (b) 18 18 Uncertain tax positions 13 Big River Steel financing costs 8 8 Big River Steel transaction and other related costs 3 3 Fairless property sale (145 ) (145 ) Big River Steel options and forward adjustments 1 7 (39 ) 7 Gain on previously held investment in UPI (25 ) December 24, 2018 Clairton coke making facility fire (2 ) (3 ) (6 ) 41 Tax valuation allowance 334 334 Total adjustments (109 ) 559 245 645 Adjusted net (loss) earnings attributable to United States Steel Corporation $ (60 ) $ (109 ) $ (920 ) $ 15 Reconciliation to adjusted diluted net (loss) earnings per share Diluted net earnings (loss) per share 0.22 (3.93 ) (5.92 ) (3.67 ) Asset impairment charge 1.34 Restructuring and other charges 0.04 1.30 0.67 1.53 Tubular inventory impairment 0.12 Big River Steel debt extinguishment charges (b) 0.08 0.09 Uncertain tax positions 0.07 Big River Steel financing costs 0.04 0.04 Big River Steel transaction and other related costs 0.01 0.02 Fairless property sale (0.66 ) (0.74 ) Big River Steel options and forward adjustments 0.01 0.04 (0.20 ) 0.04 Gain on previously held investment in UPI (0.13 ) December 24, 2018 Clairton coke making facility fire (0.01 ) (0.01 ) (0.03 ) 0.23 Tax valuation allowance 1.96 1.96 Total adjustments (0.49 ) 3.29 1.25 3.76 Adjusted diluted net (loss) earnings per share $ (0.27 ) $ (0.64 ) $ (4.67 ) $ 0.09 (a) The adjustments included in this table for the three and twelve months ended December 31, 2020 have been tax effected for our European operations and not tax effected for our U.S. operations due to the full valuation allowance on our domestic deferred tax assets. The 2019 adjustments included in this table have been tax effected through the third quarter of 2019 as a valuation allowance was not applied to our deferred tax assets until the fourth quarter of 2019. (b) The Big River Steel debt extinguishment charges were related to Big River Steel refinancing activity that was recognized by U. S. Steel through its equity method income. UNITED STATES STEEL CORPORATION NON-GAAP FINANCIAL MEASURES RECONCILIATION OF ADJUSTED EBITDA Quarter Ended Year Ended December 31, December 31, (Dollars in millions) 2020 2019 2020 2019 Reconciliation to Adjusted EBITDA Net earnings (loss) attributable to United States Steel Corporation $ 49 $ (668 ) $ (1,165 ) $ (630 ) Income tax (benefit) provision (94 ) 221 (142 ) 178 Net interest and other financial costs 88 71 232 222 Depreciation, depletion and amortization expense 162 162 643 616 EBITDA 205 (214 ) (432 ) 386 Asset impairment charge 263 Restructuring and other charges 8 221 138 275 Tubular inventory impairment 24 Big River Steel debt extinguishment charges 18 18 Big River Steel transaction and other related costs 3 3 Fairless property sale (145 ) (145 ) Gain on previously held investment in UPI (25 ) December 24, 2018 Clairton coke making facility fire (2 ) (3 ) (6 ) 50 Adjusted EBITDA $ 87 $ 4 $ (162 ) $ 711 We present adjusted net (loss) earnings, adjusted net (loss) earnings per diluted share, (loss) earnings before interest, income taxes, depreciation and amortization (EBITDA) and adjusted EBITDA, which are non-GAAP measures, as additional measurements to enhance the understanding of our operating performance. We believe that EBITDA, considered along with net (loss) earnings, is a relevant indicator of trends relating to our operating performance and provides management and investors with additional information for comparison of our operating results to the operating results of other companies. Adjusted net earnings (loss) and adjusted net earnings (loss) per diluted share are non-GAAP measures that exclude the effects of items that include: the asset impairment charge, restructuring and other charges, the Fairless property sale, the Big River Steel options and forward adjustments, the December 24, 2018 Clairton coke making facility fire, the tax valuation allowance, loss on extinguishment of debt and other related costs, the USW labor agreement signing bonus and related costs, Granite City Works restart and related costs and gain on equity investee transactions that are not part of the Company's core operations (Adjustment Items). Adjusted EBITDA is also a non-GAAP measure that excludes the effects of certain Adjustment Items. We present adjusted net earnings (loss), adjusted net earnings (loss) per diluted share and adjusted EBITDA to enhance the understanding of our ongoing operating performance and established trends affecting our core operations, by excluding the effects of events that can obscure underlying trends. U. S. Steel's management considers adjusted net earnings (loss), adjusted net earnings (loss) per diluted share and adjusted EBITDA as alternative measures of operating performance and not alternative measures of the Company's liquidity. U. S. Steels management considers adjusted net earnings (loss), adjusted net earnings (loss) per diluted share and adjusted EBITDA useful to investors by facilitating a comparison of our operating performance to the operating performance of our competitors. Additionally, the presentation of adjusted net earnings (loss), adjusted net earnings (loss) per diluted share and adjusted EBITDA provides insight into managements view and assessment of the Companys ongoing operating performance, because management does not consider the adjusting items when evaluating the Companys financial performance. Adjusted net earnings (loss), adjusted net earnings (loss) per diluted share and adjusted EBITDA should not be considered a substitute for net earnings (loss), earnings (loss) per diluted share or other financial measures as computed in accordance with U.S. GAAP and is not necessarily comparable to similarly titled measures used by other companies. A condensed consolidated statement of operations (unaudited), condensed consolidated cash flow statement (unaudited), condensed consolidated balance sheet (unaudited) and preliminary supplemental statistics (unaudited) for U. S. Steel are attached. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This release contains information that may constitute 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. We intend the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in those sections. Generally, we have identified such forward-looking statements by using the words believe, expect, intend, estimate, anticipate, project, target, forecast, aim, should, will, may, and similar expressions or by using future dates in connection with any discussion of, among other things, operating performance, trends, events or developments that we expect or anticipate will occur in the future, statements relating to volume changes, share of sales and earnings per share changes, anticipated cost savings, potential capital and operational cash improvements, anticipated disruptions to our operations and industry due to the COVID-19 pandemic, changes in global supply and demand conditions and prices for our products, international trade duties and other aspects of international trade policy, the integration of Big River Steel in our existing business, business strategies related to the combined business and statements expressing general views about future operating results. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Forward-looking statements are not historical facts, but instead represent only the Companys beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of the Companys control. It is possible that the Companys actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Management believes that these forward-looking statements are reasonable as of the time made. However, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. Our Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our Company's historical experience and our present expectations or projections. These risks and uncertainties include, but are not limited to our ability to realize the level of cost savings, productivity improvement, growth or other anticipated benefits and additional future synergies, including in the time period anticipated, of the acquisition of Big River Steel; our ability to successfully integrate the businesses of Big River Steel into our existing businesses, including uncertainties associated with maintaining relationships with customers, vendors and employees, as well as differences in operating technologies, cultures, and management philosophies that may delay successful integration; additional debt, which we assumed in connection with the acquisition of Big River Steel and incurred to enhance our liquidity during the COVID-19 pandemic, may negatively impact our credit profile and limit our financial flexibility; business strategies for the combined company's operations; the diversion of managements attention from ongoing business operations; our ability to retain and hire key personnel, including within the Big River Steel business, and to access our distribution channels, including the availability of workforce and subcontractors; potential adverse reactions or changes to business relationships resulting from the completion of the acquisition of Big River Steel; unknown or underestimated liabilities and unforeseen increased expenses or delays associated with the acquisition and integration beyond current estimates; and the risks and uncertainties described in Item 1A. Risk Factors of our Annual report on Form 10-K, quarterly reports on Form 10-Q and those described from time to time in our future reports filed with the Securities and Exchange Commission. References to "we," "us," "our," the "Company," and "U. S. Steel," refer to United States Steel Corporation and its consolidated subsidiaries. Founded in 1901, the United States Steel Corporation is a Fortune 250 company and a leading steel producer. Together with its subsidiary Big River Steel and an unwavering focus on safety, the companys customer-centric Best of BothSM world-competitive integrated and mini mill technology strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers and packaging industries with high value-added steel products such as U. S. Steels proprietary XG3 advanced high-strength steel. The company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 26.2 million net tons. U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit www.ussteel.com. Answer:
United States Steel Corporation Reports Fourth Quarter and Full-Year 2020 Results Fourth quarter 2020 net earnings of $49 million, or $0.22 per diluted share; full-year 2020 net loss of $1,165 million, or $5.92 per diluted share. Fourth quarter 2020 adjusted net loss of $60 million, or $0.27 per diluted share; full-year 2020 adjusted net loss of $920 million, or $4.67 per diluted share. Fourth quarter 2020 adjusted EBITDA of $87 million; full-year 2020 adjusted EBITDA of $(162) million. Liquidity of $3.153 billion, including cash of $1.985 billion.
PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) reported fourth quarter 2020 net earnings of $49 million, or $0.22 per diluted share. Adjusted net loss was $60 million, or $0.27 per diluted share. This compares to fourth quarter 2019 net loss of $668 million, or $3.93 per diluted share. Adjusted net loss for the fourth quarter 2019 was $109 million, or $0.64 per diluted share. Full-year 2020 net loss was $1,165 million, or $5.92 per diluted share. Adjusted net loss was $920 million, or $4.67 per diluted share. This compares to full-year 2019 net loss of $630 million, or $3.67 per diluted share. Adjusted net earnings for 2019 were $15 million, or $0.09 per diluted share. Earnings Highlights Quarter Ended Year Ended December 31, December 31, (Dollars in millions, except per share amounts) 2020 2019 2020 2019 Net Sales $ 2,562 $ 2,824 $ 9,741 $ 12,937 Segment (loss) earnings before interest and income taxes Flat-Rolled $ (73 ) $ (79 ) $ (596 ) $ 196 U. S. Steel Europe 36 (30 ) 9 (57 ) Tubular (32 ) (46 ) (179 ) (67 ) Other Businesses (6 ) (3 ) (39 ) 23 Total segment (loss) earnings before interest and income taxes $ (75 ) $ (158 ) $ (805 ) $ 95 Other items not allocated to segments 118 (218 ) (270 ) (325 ) Earnings (loss) before interest and income taxes $ 43 $ (376 ) $ (1,075 ) $ (230 ) Net interest and other financial costs 88 71 232 222 Income tax (benefit) provision (94 ) 221 (142 ) 178 Net earnings (loss) $ 49 $ (668 ) $ (1,165 ) $ (630 ) Earnings (loss) per diluted share $ 0.22 $ (3.93 ) $ (5.92 ) $ (3.67 ) Adjusted net (loss) earnings (a) $ (60 ) $ (109 ) $ (920 ) $ 15 Adjusted net (loss) earnings per diluted share (a) $ (0.27 ) $ (0.64 ) $ (4.67 ) $ 0.09 Adjusted earnings (loss) before interest, income taxes, depreciation and amortization (EBITDA) (a) $ 87 $ 4 $ (162 ) $ 711 (a) Please refer to the non-GAAP Financial Measures section of this document for the reconciliation of these amounts. We finished 2020 strong and are optimistic about the opportunity to deliver incremental value for our stakeholders in 2021, said U. S. Steel President and CEO David B. Burritt. Our fourth quarter adjusted EBITDA of $87 million is only just beginning to show the potential of our earnings growth as we begin to realize the benefits of higher prices, adaptive operations, and our continued focus on cost management. Our performance continues to strengthen as we enter 2021 and we are bullish that the market will continue to be fueled by robust demand, low inventories, and supportive raw material prices. Commenting on its Best of BothSM strategy execution in 2020, Burritt continued, The team at U. S. Steel created unprecedented value in the trough by continuing our transformation into a world-competitive, Best of Both steel producer. By keeping the business resilient, we were able to execute our number one strategic priority to acquire the remaining stake in Big River Steel. With Big River Steel now fully part of the U. S. Steel portfolio, we are well positioned to drive significant earnings growth while delivering our customers an unmatched value proposition. Our future starts now and we cannot wait to show the world the value that the only Best of Both steel company can create. ***** The Company will conduct a conference call on the fourth quarter and full-year 2020 earnings on Friday, January 29, at 8:30 a.m. Eastern Standard. To listen to the webcast of the conference call, and to access the company's slide presentation, visit the U. S. Steel website, www.ussteel.com, and click on the Investors section. Replays of the conference call will be available on the website after 10:30 a.m. on January 29. UNITED STATES STEEL CORPORATION PRELIMINARY SUPPLEMENTAL STATISTICS (Unaudited) Quarter Ended Year Ended December 31, December 31, 2020 2019 2020 2019 OPERATING STATISTICS Average realized price: ($/net ton unless otherwise noted) (a) Flat-Rolled 731 699 718 753 U. S. Steel Europe 652 622 626 652 U. S. Steel Europe (/net ton) 547 562 549 582 Tubular 1,267 1,298 1,271 1,450 Steel shipments (thousands of net tons):(a) Flat-Rolled 2,257 2,517 8,711 10,700 U. S. Steel Europe 840 757 3,041 3,590 Tubular 74 193 464 769 Total Steel Shipments 3,171 3,467 12,216 15,059 Intersegment steel (unless otherwise noted) shipments (thousands of net tons): Flat-Rolled to Tubular 46 101 258 Flat-Rolled to U. S. Steel Europe (iron ore pellets and fines) 506 1,418 424 Raw steel production (thousands of net tons): Flat-Rolled 2,490 2,567 9,313 11,409 U. S. Steel Europe 966 773 3,366 3,903 Tubular 16 16 Raw steel capability utilization:(b) Flat-Rolled 58 % 60 % 55 % 67 % U. S. Steel Europe 77 % 61 % 67 % 78 % Tubular (c) 7 % % 7 % % CAPITAL EXPENDITURES (dollars in millions) Flat-Rolled $ 93 $ 179 $ 484 $ 943 U. S. Steel Europe 15 42 79 153 Tubular 26 48 159 145 Other Businesses 5 3 11 Total $ 134 $ 274 $ 725 $ 1,252 (a) Excludes intersegment shipments. (b) Based on annual raw steel production capability of 17.0 million net tons for Flat-Rolled, 5.0 million net tons for U. S. Steel Europe and 0.9 million net tons for Tubular. (c) The Fairfield Electric Arc Furnace commenced operation in October 2020. The new 1.6 million ton electric arc furnace is currently used to feed our 0.9 million ton rounds caster. As a result, the Tubular segment now has annual raw steel production capability of 0.9 million tons. The 2020 production as a % of total capability amount is based on an October 1, 2020 start date. UNITED STATES STEEL CORPORATION CONDENSED STATEMENT OF OPERATIONS (Unaudited) Quarter Ended Year Ended December 31, December 31, (Dollars in millions, except per share amounts) 2020 2019 2020 2019 NET SALES $ 2,562 $ 2,824 $ 9,741 $ 12,937 Operating expenses (income): Cost of sales (excludes items shown below) 2,384 2,781 9,558 12,082 Selling, general and administrative expenses 75 66 274 289 Depreciation, depletion and amortization 162 162 643 616 Loss (earnings) from investees 39 (11 ) 117 (79 ) Asset impairment charges 263 Gain on equity investee transactions (31 ) Restructuring charges 8 221 138 275 Net gain on disposal of assets (147 ) (4 ) (149 ) (1 ) Other loss (income), net (2 ) (15 ) 3 (15 ) Total operating expenses 2,519 3,200 10,816 13,167 EARNINGS (LOSS) BEFORE INTEREST AND INCOME TAXES 43 (376 ) (1,075 ) (230 ) Net interest and other financial costs 88 71 232 222 (LOSS) EARNINGS BEFORE INCOME TAXES (45 ) (447 ) (1,307 ) (452 ) Income tax (benefit) provision (94 ) 221 (142 ) 178 Net earnings (loss) 49 (668 ) (1,165 ) (630 ) Less: Net earnings (loss) attributable to noncontrolling interests NET EARNINGS (LOSS) ATTRIBUTABLE TO UNITED STATES STEEL CORPORATION $ 49 $ (668 ) $ (1,165 ) $ (630 ) COMMON STOCK DATA: Net (loss) earnings per share attributable to United States Steel Corporation stockholders: Basic $ 0.22 $ (3.93 ) $ (5.92 ) $ (3.67 ) Diluted $ 0.22 $ (3.93 ) $ (5.92 ) $ (3.67 ) Weighted average shares, in thousands Basic 220,412 170,041 196,721 171,418 Diluted 223,781 170,041 196,721 171,418 Dividends paid per common share $ 0.01 $ 0.05 $ 0.04 $ 0.20 UNITED STATES STEEL CORPORATION CONDENSED CASH FLOW STATEMENT (Unaudited) Year Ended December 31, (Dollars in millions) 2020 2019 Cash provided by (used in) operating activities: Net loss $ (1,165 ) $ (630 ) Depreciation, depletion and amortization 643 616 Asset impairment charges 263 Gain on equity investee transactions (31 ) Restructuring charges 138 275 Pensions and other post-employment benefits (21 ) 101 Deferred income taxes (130 ) 202 Net gain on sale of assets (149 ) (1 ) Working capital changes 575 276 Income taxes receivable/payable 20 13 Other operating activities (5 ) (170 ) Total 138 682 Cash used in investing activities: Capital expenditures (725 ) (1,252 ) Investment in Big River Steel (9 ) (710 ) Proceeds from sale of assets 167 4 Proceeds from sale of ownership interests in equity investees 8 Investments, net (4 ) Total (563 ) (1,958 ) Cash provided by (used in) financing activities: Net change in short-term debt, net of financing costs 170 Revolving credit facilities - borrowings, net of financing costs 1,402 860 Revolving credit facilities - repayments (1,621 ) (100 ) Issuance of long-term debt, net of financing costs 1,148 702 Repayment of long-term debt (13 ) (155 ) Net proceeds from public offering of common stock 410 Proceeds from Stelco Option agreement, net of financing costs 94 Common stock repurchased (88 ) Taxes paid for equity compensation plans (1 ) (7 ) Dividends paid (8 ) (35 ) Total 1,581 1,177 Effect of exchange rate changes on cash 23 (2 ) Net increase (decrease) in cash, cash equivalents and restricted cash 1,179 (101 ) Cash, cash equivalents and restricted cash at beginning of the year 939 1,040 Cash, cash equivalents and restricted cash at end of the period $ 2,118 $ 939 UNITED STATES STEEL CORPORATION CONDENSED BALANCE SHEET (Unaudited) December 31, December 31, (Dollars in millions) 2020 2019 Cash and cash equivalents $ 1,985 $ 749 Receivables, net 994 1,177 Inventories 1,402 1,785 Other current assets 51 102 Total current assets 4,432 3,813 Operating lease assets 214 230 Property, plant and equipment, net 5,444 5,447 Investments and long-term receivables, net 1,177 1,466 Intangible, net 129 150 Deferred income tax benefits 22 19 Other noncurrent assets 641 483 Total assets $ 12,059 $ 11,608 Accounts payable and other accrued liabilities 1,884 2,054 Payroll and benefits payable 308 336 Short-term debt and current maturities of long-term debt 192 14 Other current liabilities 272 221 Total current liabilities 2,656 2,625 Noncurrent operating lease liabilities 163 177 Long-term debt, less unamortized discount and debt issuance costs 4,695 3,627 Employee benefits 322 532 Other long-term liabilities 344 554 United States Steel Corporation stockholders' equity 3,786 4,092 Noncontrolling interests 93 1 Total liabilities and stockholders' equity $ 12,059 $ 11,608 UNITED STATES STEEL CORPORATION NON-GAAP FINANCIAL MEASURES RECONCILIATION OF ADJUSTED NET (LOSS) EARNINGS Quarter Ended Year Ended December 31, December 31, (Dollars in millions, except per share amounts) (a) 2020 2019 2020 2019 Reconciliation to adjusted net (loss) earnings attributable to United States Steel Corporation Net earnings (loss) attributable to United States Steel Corporation, as reported $ 49 (668 ) $ (1,165 ) $ (630 ) Asset impairment charge 263 Restructuring and other charges 8 221 131 263 Tubular inventory impairment 24 Big River Steel debt extinguishment charges (b) 18 18 Uncertain tax positions 13 Big River Steel financing costs 8 8 Big River Steel transaction and other related costs 3 3 Fairless property sale (145 ) (145 ) Big River Steel options and forward adjustments 1 7 (39 ) 7 Gain on previously held investment in UPI (25 ) December 24, 2018 Clairton coke making facility fire (2 ) (3 ) (6 ) 41 Tax valuation allowance 334 334 Total adjustments (109 ) 559 245 645 Adjusted net (loss) earnings attributable to United States Steel Corporation $ (60 ) $ (109 ) $ (920 ) $ 15 Reconciliation to adjusted diluted net (loss) earnings per share Diluted net earnings (loss) per share 0.22 (3.93 ) (5.92 ) (3.67 ) Asset impairment charge 1.34 Restructuring and other charges 0.04 1.30 0.67 1.53 Tubular inventory impairment 0.12 Big River Steel debt extinguishment charges (b) 0.08 0.09 Uncertain tax positions 0.07 Big River Steel financing costs 0.04 0.04 Big River Steel transaction and other related costs 0.01 0.02 Fairless property sale (0.66 ) (0.74 ) Big River Steel options and forward adjustments 0.01 0.04 (0.20 ) 0.04 Gain on previously held investment in UPI (0.13 ) December 24, 2018 Clairton coke making facility fire (0.01 ) (0.01 ) (0.03 ) 0.23 Tax valuation allowance 1.96 1.96 Total adjustments (0.49 ) 3.29 1.25 3.76 Adjusted diluted net (loss) earnings per share $ (0.27 ) $ (0.64 ) $ (4.67 ) $ 0.09 (a) The adjustments included in this table for the three and twelve months ended December 31, 2020 have been tax effected for our European operations and not tax effected for our U.S. operations due to the full valuation allowance on our domestic deferred tax assets. The 2019 adjustments included in this table have been tax effected through the third quarter of 2019 as a valuation allowance was not applied to our deferred tax assets until the fourth quarter of 2019. (b) The Big River Steel debt extinguishment charges were related to Big River Steel refinancing activity that was recognized by U. S. Steel through its equity method income. UNITED STATES STEEL CORPORATION NON-GAAP FINANCIAL MEASURES RECONCILIATION OF ADJUSTED EBITDA Quarter Ended Year Ended December 31, December 31, (Dollars in millions) 2020 2019 2020 2019 Reconciliation to Adjusted EBITDA Net earnings (loss) attributable to United States Steel Corporation $ 49 $ (668 ) $ (1,165 ) $ (630 ) Income tax (benefit) provision (94 ) 221 (142 ) 178 Net interest and other financial costs 88 71 232 222 Depreciation, depletion and amortization expense 162 162 643 616 EBITDA 205 (214 ) (432 ) 386 Asset impairment charge 263 Restructuring and other charges 8 221 138 275 Tubular inventory impairment 24 Big River Steel debt extinguishment charges 18 18 Big River Steel transaction and other related costs 3 3 Fairless property sale (145 ) (145 ) Gain on previously held investment in UPI (25 ) December 24, 2018 Clairton coke making facility fire (2 ) (3 ) (6 ) 50 Adjusted EBITDA $ 87 $ 4 $ (162 ) $ 711 We present adjusted net (loss) earnings, adjusted net (loss) earnings per diluted share, (loss) earnings before interest, income taxes, depreciation and amortization (EBITDA) and adjusted EBITDA, which are non-GAAP measures, as additional measurements to enhance the understanding of our operating performance. We believe that EBITDA, considered along with net (loss) earnings, is a relevant indicator of trends relating to our operating performance and provides management and investors with additional information for comparison of our operating results to the operating results of other companies. Adjusted net earnings (loss) and adjusted net earnings (loss) per diluted share are non-GAAP measures that exclude the effects of items that include: the asset impairment charge, restructuring and other charges, the Fairless property sale, the Big River Steel options and forward adjustments, the December 24, 2018 Clairton coke making facility fire, the tax valuation allowance, loss on extinguishment of debt and other related costs, the USW labor agreement signing bonus and related costs, Granite City Works restart and related costs and gain on equity investee transactions that are not part of the Company's core operations (Adjustment Items). Adjusted EBITDA is also a non-GAAP measure that excludes the effects of certain Adjustment Items. We present adjusted net earnings (loss), adjusted net earnings (loss) per diluted share and adjusted EBITDA to enhance the understanding of our ongoing operating performance and established trends affecting our core operations, by excluding the effects of events that can obscure underlying trends. U. S. Steel's management considers adjusted net earnings (loss), adjusted net earnings (loss) per diluted share and adjusted EBITDA as alternative measures of operating performance and not alternative measures of the Company's liquidity. U. S. Steels management considers adjusted net earnings (loss), adjusted net earnings (loss) per diluted share and adjusted EBITDA useful to investors by facilitating a comparison of our operating performance to the operating performance of our competitors. Additionally, the presentation of adjusted net earnings (loss), adjusted net earnings (loss) per diluted share and adjusted EBITDA provides insight into managements view and assessment of the Companys ongoing operating performance, because management does not consider the adjusting items when evaluating the Companys financial performance. Adjusted net earnings (loss), adjusted net earnings (loss) per diluted share and adjusted EBITDA should not be considered a substitute for net earnings (loss), earnings (loss) per diluted share or other financial measures as computed in accordance with U.S. GAAP and is not necessarily comparable to similarly titled measures used by other companies. A condensed consolidated statement of operations (unaudited), condensed consolidated cash flow statement (unaudited), condensed consolidated balance sheet (unaudited) and preliminary supplemental statistics (unaudited) for U. S. Steel are attached. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This release contains information that may constitute 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. We intend the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in those sections. Generally, we have identified such forward-looking statements by using the words believe, expect, intend, estimate, anticipate, project, target, forecast, aim, should, will, may, and similar expressions or by using future dates in connection with any discussion of, among other things, operating performance, trends, events or developments that we expect or anticipate will occur in the future, statements relating to volume changes, share of sales and earnings per share changes, anticipated cost savings, potential capital and operational cash improvements, anticipated disruptions to our operations and industry due to the COVID-19 pandemic, changes in global supply and demand conditions and prices for our products, international trade duties and other aspects of international trade policy, the integration of Big River Steel in our existing business, business strategies related to the combined business and statements expressing general views about future operating results. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Forward-looking statements are not historical facts, but instead represent only the Companys beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of the Companys control. It is possible that the Companys actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Management believes that these forward-looking statements are reasonable as of the time made. However, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. Our Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our Company's historical experience and our present expectations or projections. These risks and uncertainties include, but are not limited to our ability to realize the level of cost savings, productivity improvement, growth or other anticipated benefits and additional future synergies, including in the time period anticipated, of the acquisition of Big River Steel; our ability to successfully integrate the businesses of Big River Steel into our existing businesses, including uncertainties associated with maintaining relationships with customers, vendors and employees, as well as differences in operating technologies, cultures, and management philosophies that may delay successful integration; additional debt, which we assumed in connection with the acquisition of Big River Steel and incurred to enhance our liquidity during the COVID-19 pandemic, may negatively impact our credit profile and limit our financial flexibility; business strategies for the combined company's operations; the diversion of managements attention from ongoing business operations; our ability to retain and hire key personnel, including within the Big River Steel business, and to access our distribution channels, including the availability of workforce and subcontractors; potential adverse reactions or changes to business relationships resulting from the completion of the acquisition of Big River Steel; unknown or underestimated liabilities and unforeseen increased expenses or delays associated with the acquisition and integration beyond current estimates; and the risks and uncertainties described in Item 1A. Risk Factors of our Annual report on Form 10-K, quarterly reports on Form 10-Q and those described from time to time in our future reports filed with the Securities and Exchange Commission. References to "we," "us," "our," the "Company," and "U. S. Steel," refer to United States Steel Corporation and its consolidated subsidiaries. Founded in 1901, the United States Steel Corporation is a Fortune 250 company and a leading steel producer. Together with its subsidiary Big River Steel and an unwavering focus on safety, the companys customer-centric Best of BothSM world-competitive integrated and mini mill technology strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers and packaging industries with high value-added steel products such as U. S. Steels proprietary XG3 advanced high-strength steel. The company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 26.2 million net tons. U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit www.ussteel.com.