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edtsum6
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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, California, July 28, 2020 /PRNewswire/ -- Geek+, a global AMR leader, announced a beginning of a new distribution partnership with Kuecker Logistics Group (KLG), a material handling systems integrator, to provide smart logistics solutions to customers across North America. With an already extensive portfolio of successful cases across industries and a wide variety of AI-driven robotics solutions, Geek+ is partnering up with KLG, enabling an upgrade of the system integrators already broad range of services provided, from supply chain management and industrial automation to life cycle services and more. Rick DeFiesta, Director of Business Development and Partnership at Geek+, said: "We are happy to be partnering up with an experienced integrator whose customer-first mentality has earned them a good reputation throughout North America, and are confident that the customized smart robotics solutions of Geek+ will leverage KLG's know-how in the material handling industry." Jim Kuecker, Vice President of Systems at KLG, said: "We look forward to working together to offer our customers a flexible and robust portfolio of technologically advanced robotics solutions for logistics, and recognize the ability of Geek+ to design and build systems that, not only bring advantages of increased throughput and storage capacity, but reduces the overall reliance on labor, mitigating against various warehousing costs and logistics bottlenecks." The distribution agreement allows KLG to offer Geek+ robotics solutions so as to improve efficiency, provide flexibility, and reduce costs associated with warehouse and logistics operations, especially in regard to fast-growing industries, such as e-commerce and online retail, often subject to an overall need for solutions that can enable businesses to meet higher customer expectations, flexibly scale operations and meet fluctuations in demand. About Geek+ Geek+ is global technology company leading the intelligent logistics revolution. We apply advanced robotics and AI technologies to realize flexible, reliable and highly efficient solutions for warehouses and supply chain management. Geek+ counts 300 global customers and has deployed more than 10,000 robots worldwide. Founded in 2015, Geek+ has over 800 employees and is headquartered in Beijing, with offices in Germany, the UK, the US, Japan, Hong Kong and Singapore. For more information, please visit https://www.geekplus.com/ About Kuecker Logistics Group Since 1980, Kuecker Logistics Group has been an MHE integrator that has grown into an end-to-end provider of Supply Chain Solutions that range from Engineering Services, Systems Integration, to Life Cycle Services. They are a family-owned private company. Kuecker Logistics Group was founded with a customer-first focus and although they are growing, their focus remains the same. Kuecker Logistics Group is working with a wide portfolio of companies on their Distribution and Fulfillment Center needs. For more information, please visit https://www.kuecker.com/ SOURCE Geek+ Related Links geekplus.com.cn Answer:
Geek+ and Kuecker Logistics Group Announce Distribution Agreement Geek+ and Kuecker Logistics Group enter a distribution partnership to provide smart logistics robotics solutions to customers across North America
SAN DIEGO, California, July 28, 2020 /PRNewswire/ -- Geek+, a global AMR leader, announced a beginning of a new distribution partnership with Kuecker Logistics Group (KLG), a material handling systems integrator, to provide smart logistics solutions to customers across North America. With an already extensive portfolio of successful cases across industries and a wide variety of AI-driven robotics solutions, Geek+ is partnering up with KLG, enabling an upgrade of the system integrators already broad range of services provided, from supply chain management and industrial automation to life cycle services and more. Rick DeFiesta, Director of Business Development and Partnership at Geek+, said: "We are happy to be partnering up with an experienced integrator whose customer-first mentality has earned them a good reputation throughout North America, and are confident that the customized smart robotics solutions of Geek+ will leverage KLG's know-how in the material handling industry." Jim Kuecker, Vice President of Systems at KLG, said: "We look forward to working together to offer our customers a flexible and robust portfolio of technologically advanced robotics solutions for logistics, and recognize the ability of Geek+ to design and build systems that, not only bring advantages of increased throughput and storage capacity, but reduces the overall reliance on labor, mitigating against various warehousing costs and logistics bottlenecks." The distribution agreement allows KLG to offer Geek+ robotics solutions so as to improve efficiency, provide flexibility, and reduce costs associated with warehouse and logistics operations, especially in regard to fast-growing industries, such as e-commerce and online retail, often subject to an overall need for solutions that can enable businesses to meet higher customer expectations, flexibly scale operations and meet fluctuations in demand. About Geek+ Geek+ is global technology company leading the intelligent logistics revolution. We apply advanced robotics and AI technologies to realize flexible, reliable and highly efficient solutions for warehouses and supply chain management. Geek+ counts 300 global customers and has deployed more than 10,000 robots worldwide. Founded in 2015, Geek+ has over 800 employees and is headquartered in Beijing, with offices in Germany, the UK, the US, Japan, Hong Kong and Singapore. For more information, please visit https://www.geekplus.com/ About Kuecker Logistics Group Since 1980, Kuecker Logistics Group has been an MHE integrator that has grown into an end-to-end provider of Supply Chain Solutions that range from Engineering Services, Systems Integration, to Life Cycle Services. They are a family-owned private company. Kuecker Logistics Group was founded with a customer-first focus and although they are growing, their focus remains the same. Kuecker Logistics Group is working with a wide portfolio of companies on their Distribution and Fulfillment Center needs. For more information, please visit https://www.kuecker.com/ SOURCE Geek+ Related Links geekplus.com.cn
edtsum10
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: PALO ALTO, Calif.--(BUSINESS WIRE)--Social Capital Hedosophia Holdings Corp. III (NYSE: IPOC) (SCH, and after the Domestication as described below, Clover Health) today announced the pending transfer of the listing of its Class A ordinary shares, par value $0.0001 per share (the SCH Class A ordinary shares) and redeemable warrants (the SCH warrants) from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market (Nasdaq) related to its pending business combination with Clover Health Investments, Corp. (Clover). Prior to the consummation of the business combination, SCH will domesticate as a Delaware corporation (the Domestication), and in connection with the business combination, SCH will change its name to Clover Health Investments, Corp. As part of the Domestication, (1) each of the then issued and outstanding SCH Class A ordinary shares, will convert automatically, on a one-for-one basis, into a share of Class A common stock, par value $0.0001 per share, of Clover Health (the Clover Health Class A common stock); (2) each of the then issued and outstanding SCH warrants will convert automatically into a redeemable warrant to acquire one share of Clover Health Class A common stock (the Clover Health warrants); and (3) each of the then issued and outstanding units of SCH that have not been previously separated into the underlying SCH Class A ordinary shares and underlying SCH warrants upon the request of the holder thereof (the SCH units) will be cancelled and will entitle the holder thereof to one share of Clover Health Class A common stock and one-third of one Clover Health warrant. Trading is expected to begin on Nasdaq on January 8, 2021 under the new ticker symbol CLOV for the Clover Health Class A common stock and CLOVW for the Clover Health warrants. Until the Domestication and transfer is complete, the SCH ordinary shares, warrants and units will continue to trade under the ticker symbols IPOC, IPOC.WS and IPOC.U, respectively, on NYSE. The last day of trading on the NYSE is expected to be on January 7, 2021, following the consummation of SCH's pending transaction with Clover, which is currently expected to occur on January 7, 2021, subject to final shareholder approval at SCH's extraordinary general meeting on January 6, 2021, and satisfaction of other customary closing conditions. No action is required by existing SCH shareholders with respect to the ticker symbol or exchange listing change. About Social Capital Hedosophia Holdings Corp. III Social Capital Hedosophia Holdings Corp. III is a partnership between the investment firms of Social Capital and Hedosophia. Social Capital Hedosophia Holdings Corp. III unites technologists, entrepreneurs and technology-oriented investors around a shared vision of identifying and investing in innovative and agile technology companies. To learn more about Social Capital Hedosophia Holdings Corp. III, visit www.socialcapitalhedosophiaholdings.com. Additional Information and Where to Find It This press release relates to a proposed transaction between Clover and SCH. This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In connection with the proposed transaction, SCH has filed a registration statement on Form S-4 (as amended, the Registration Statement) with the U.S. Securities and Exchange Commission (the SEC) (File No. 333-249558), which includes a proxy statement/prospectus, that is both the proxy statement which has been distributed to SCHs shareholders in connection with SCHs solicitation of proxies for the vote by SCHs shareholders with respect to the proposed transaction as described in the Registration Statement as well as the prospectus relating to the offer of the securities to be issued to SCHs security holders in connection with SCHs proposed domestication as a Delaware corporation in connection with the proposed transaction as described in the Registration Statement. SCH has mailed a definitive proxy statement/prospectus and other relevant documents to its shareholders of record as of November 17, 2020, the record date established for the extraordinary general meeting of stockholders relating to the business combination. SHAREHOLDERS AND OTHER SECURITY HOLDERS OF SCH ARE ADVISED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders are able to obtain free copies of the Registration Statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by SCH (when available) through the website maintained by the SEC at https://www.sec.gov. The documents filed by SCH with the SEC also may be obtained free of charge at SCHs website at http://www.socialcapitalhedosophiaholdings.com/docsc.html or upon written request to 317 University Ave, Suite 200, Palo Alto, California 94301. Cautionary Statement Regarding Forward Looking Statements This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between Clover and SCH, including statements regarding SCHs and Clovers expectations with respect to the listing of shares of the post-combination company on Nasdaq. These forward-looking statements generally are identified by the words believe, project, expect, anticipate, estimate, intend, strategy, future, opportunity, plan, may, should, will, would, will be, will continue, will likely result, and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of SCHs securities, (ii) the risk that the transaction may not be completed by SCHs business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by SCH, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the Agreement and Plan of Merger (as amended, the Merger Agreement), dated as of October 5, 2020, by and among SCH, Asclepius Merger Sub Inc. and Clover, by the shareholders of SCH, the satisfaction of the minimum trust account amount following redemptions by SCHs public shareholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third-party valuation in determining whether or not to pursue the transaction, (v) the inability to complete the PIPE investment in connection with the transaction, (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vii) the effect of the announcement or pendency of the transaction on Clovers business relationships, operating results and business generally, (viii) risks that the proposed transaction disrupts current plans and operations of Clover and potential difficulties in Clover employee retention as a result of the transaction, (ix) the outcome of any legal proceedings that may be instituted against Clover or against SCH related to the Merger Agreement or the transaction, (x) the ability to maintain the listing of SCHs securities on a national securities exchange, (xi) the price of SCHs securities may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which SCH plans to operate or Clover operates, variations in operating performance across competitors, changes in laws and regulations affecting SCHs or Clovers business and changes in the combined capital structure, (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities, and (xiii) the risk of downturns and a changing regulatory landscape in the highly competitive healthcare industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Risk Factors section of the definitive proxy statement/prospectus discussed above and other documents filed by SCH from time to time with the U.S. Securities and Exchange Commission (the SEC). These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Clover and SCH assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Clover nor SCH gives any assurance that either Clover or SCH, or the combined company, will achieve its expectations. Answer:
Social Capital Hedosophia Holdings Corp. III to Trade on Nasdaq in Connection with its Proposed Business Combination with Clover Health
PALO ALTO, Calif.--(BUSINESS WIRE)--Social Capital Hedosophia Holdings Corp. III (NYSE: IPOC) (SCH, and after the Domestication as described below, Clover Health) today announced the pending transfer of the listing of its Class A ordinary shares, par value $0.0001 per share (the SCH Class A ordinary shares) and redeemable warrants (the SCH warrants) from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market (Nasdaq) related to its pending business combination with Clover Health Investments, Corp. (Clover). Prior to the consummation of the business combination, SCH will domesticate as a Delaware corporation (the Domestication), and in connection with the business combination, SCH will change its name to Clover Health Investments, Corp. As part of the Domestication, (1) each of the then issued and outstanding SCH Class A ordinary shares, will convert automatically, on a one-for-one basis, into a share of Class A common stock, par value $0.0001 per share, of Clover Health (the Clover Health Class A common stock); (2) each of the then issued and outstanding SCH warrants will convert automatically into a redeemable warrant to acquire one share of Clover Health Class A common stock (the Clover Health warrants); and (3) each of the then issued and outstanding units of SCH that have not been previously separated into the underlying SCH Class A ordinary shares and underlying SCH warrants upon the request of the holder thereof (the SCH units) will be cancelled and will entitle the holder thereof to one share of Clover Health Class A common stock and one-third of one Clover Health warrant. Trading is expected to begin on Nasdaq on January 8, 2021 under the new ticker symbol CLOV for the Clover Health Class A common stock and CLOVW for the Clover Health warrants. Until the Domestication and transfer is complete, the SCH ordinary shares, warrants and units will continue to trade under the ticker symbols IPOC, IPOC.WS and IPOC.U, respectively, on NYSE. The last day of trading on the NYSE is expected to be on January 7, 2021, following the consummation of SCH's pending transaction with Clover, which is currently expected to occur on January 7, 2021, subject to final shareholder approval at SCH's extraordinary general meeting on January 6, 2021, and satisfaction of other customary closing conditions. No action is required by existing SCH shareholders with respect to the ticker symbol or exchange listing change. About Social Capital Hedosophia Holdings Corp. III Social Capital Hedosophia Holdings Corp. III is a partnership between the investment firms of Social Capital and Hedosophia. Social Capital Hedosophia Holdings Corp. III unites technologists, entrepreneurs and technology-oriented investors around a shared vision of identifying and investing in innovative and agile technology companies. To learn more about Social Capital Hedosophia Holdings Corp. III, visit www.socialcapitalhedosophiaholdings.com. Additional Information and Where to Find It This press release relates to a proposed transaction between Clover and SCH. This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In connection with the proposed transaction, SCH has filed a registration statement on Form S-4 (as amended, the Registration Statement) with the U.S. Securities and Exchange Commission (the SEC) (File No. 333-249558), which includes a proxy statement/prospectus, that is both the proxy statement which has been distributed to SCHs shareholders in connection with SCHs solicitation of proxies for the vote by SCHs shareholders with respect to the proposed transaction as described in the Registration Statement as well as the prospectus relating to the offer of the securities to be issued to SCHs security holders in connection with SCHs proposed domestication as a Delaware corporation in connection with the proposed transaction as described in the Registration Statement. SCH has mailed a definitive proxy statement/prospectus and other relevant documents to its shareholders of record as of November 17, 2020, the record date established for the extraordinary general meeting of stockholders relating to the business combination. SHAREHOLDERS AND OTHER SECURITY HOLDERS OF SCH ARE ADVISED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders are able to obtain free copies of the Registration Statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by SCH (when available) through the website maintained by the SEC at https://www.sec.gov. The documents filed by SCH with the SEC also may be obtained free of charge at SCHs website at http://www.socialcapitalhedosophiaholdings.com/docsc.html or upon written request to 317 University Ave, Suite 200, Palo Alto, California 94301. Cautionary Statement Regarding Forward Looking Statements This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between Clover and SCH, including statements regarding SCHs and Clovers expectations with respect to the listing of shares of the post-combination company on Nasdaq. These forward-looking statements generally are identified by the words believe, project, expect, anticipate, estimate, intend, strategy, future, opportunity, plan, may, should, will, would, will be, will continue, will likely result, and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of SCHs securities, (ii) the risk that the transaction may not be completed by SCHs business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by SCH, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the Agreement and Plan of Merger (as amended, the Merger Agreement), dated as of October 5, 2020, by and among SCH, Asclepius Merger Sub Inc. and Clover, by the shareholders of SCH, the satisfaction of the minimum trust account amount following redemptions by SCHs public shareholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third-party valuation in determining whether or not to pursue the transaction, (v) the inability to complete the PIPE investment in connection with the transaction, (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vii) the effect of the announcement or pendency of the transaction on Clovers business relationships, operating results and business generally, (viii) risks that the proposed transaction disrupts current plans and operations of Clover and potential difficulties in Clover employee retention as a result of the transaction, (ix) the outcome of any legal proceedings that may be instituted against Clover or against SCH related to the Merger Agreement or the transaction, (x) the ability to maintain the listing of SCHs securities on a national securities exchange, (xi) the price of SCHs securities may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which SCH plans to operate or Clover operates, variations in operating performance across competitors, changes in laws and regulations affecting SCHs or Clovers business and changes in the combined capital structure, (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities, and (xiii) the risk of downturns and a changing regulatory landscape in the highly competitive healthcare industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Risk Factors section of the definitive proxy statement/prospectus discussed above and other documents filed by SCH from time to time with the U.S. Securities and Exchange Commission (the SEC). These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Clover and SCH assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Clover nor SCH gives any assurance that either Clover or SCH, or the combined company, will achieve its expectations.
edtsum31
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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--(BUSINESS WIRE)--More than 380,000 babies1 in 10are born preterm in the U.S.i and many of these littlest fighters require extra help from the start. In honor of World Prematurity Day, Pampers is partnering with March of Dimes to bring 40,000 books and educational resources to NICUs across the country, as part of its ongoing commitment to care for the happy, healthy development of every baby. As a continuation of the Pampers Bright Beginnings Reading initiative announced last month, Pampers will provide more than 65 March of Dimes NICU Family Support programs with books and helpful reading tips to bring awareness of the developmental benefits of reading to babies from the very beginning. Through their longstanding partnership, Pampers and March of Dimes will work together to reach more than 35,000 families annually. "March of Dimes NICU Family Support is thrilled to be partnering with Pampers Bright Beginnings to bring the joy of reading into NICUs across the nation," said Heather Reimer, Senior Director, NICU Initiatives, March of Dimes. "We know how vital early reading is for our littlest fighters, so being able to provide NICU babies and their families with a way to help create a moment of bonding and development is such a privilege. We look forward to continuing our longstanding partnership with Pampers and making a difference in the lives of thousands of families together." Studies show that infants admitted to the NICU are at an increased risk for neurodevelopmental deficits due to prematurity or illness, poor language exposure as well as impaired parent-infant bonding. Reading aloud to babies, beginning from birth, can mitigate this issue. Dr. Viral G Jain, MD, FAAP, a physician-scientist, neonatologist and Assistant Professor in Pediatrics at the University of Alabama at Birmingham, and a member of Pampers Bright Beginnings Advisory Council, recently conducted a large-scale studyii to support this notion. He found that when parents were shown by a healthcare professional how to read with their baby, it doubled the number of parents reading to their babies while in the NICU. Benefits were especially strong among parents who did not themselves enjoy reading aloud, who are at high risk for lower reading frequency and quality, and in turn lower language exposure. These parents were five times more likely to read in the NICU and three times more likely to continue reading aloud at home. These improvements in reading behaviors were likely mediated by reduced parental stress, enhanced bonding between parent and baby and positive parent-infant interactions. Reading to baby for even fifteen minutes a day can make a lasting impact on their brain development, especially during the first few months of life when babies are developing key areas of the brain, said Sarah Pasquinucci, Senior Communications Director, P&G North America Baby Care and mother of two. Reading to a baby from birth is not only vital to their development, but its also a meaningful activity that promotes quality time and bonding between baby and parent. Thats why were honored to be partnering with March of Dimes to bring books and educational resources directly to NICU families, so they can experience the joys of reading with baby from the very beginning. Pampers and March of Dimes continue to evolve their partnership to find new ways to support the healthy, happy development of babies. Earlier this year, March of Dimes assisted Pampers during the review process after Pampers announced it would be donating $400,000 in NICU Connectivity Grants to select hospitals throughout North America to help keep families connected when it matters most. Due to the COVID-19 pandemic, many hospitals were forced to restructure their family presence protocols, resulting in a reduction of in-person time for many families and their loved ones in the NICU. With the help of Pampers donation, select eligible hospitals across North America have been able to acquire the resources and capabilities they need to keep families and babies connected when it matters most. The addition of these resources, including technology like cameras and tablets, has allowed parents to talk, read, sing and stay connected to their baby every day, even when they cannot be physically together. The use of this technology has made a world of difference for our families who have had to be separated during this COVID pandemic, said Kristin Chipoco, Nurse Manager at White Plains Hospital, a selected grant recipient. During the height of the pandemic one of our babies was separated from both of their parents due to the parents testing positive for COVID. Over the course of the next two weeks these parents were able to see and interact with their babies using Facetime. In addition, the parents were able to virtually see and meet the nurses who were caring for their baby each and every day.This technology allowed a bond to grow and foster between both these parents and their babies and the nursing staff involved, even though the parents were never allowed to set foot in the NICU.This technology helped ease some of the fear and anxiety of these brand new parents who had a baby admitted to NICU during such an already stressful period. Pampers believes a babys earliest days are essential towards shaping a bright beginning and is committed to supporting their happy, healthy development from the start. Through the Bright Beginnings initiative, Pampers is proud to continue to serve babies and their families by removing barriers that hinder early success and development and enhancing access to tools and resources to ensure the success of generations to come. To learn more about Pampers Bright Beginnings and its upcoming initiatives or how you can get involved, please download the Pampers App or visit Pampers.com. About Bright Beginnings At Pampers, caring for babies is more than just our purpose, its in our DNA. We believe a babys earliest days are essential toward shaping a bright beginning, and are committed to supporting their happy, healthy development right from the start. Through the Pampers Bright Beginnings program, we serve babies and their families by removing barriers that hinder early success and development, and enhancing access to resources, tools and support. For more information on the Pampers Bright Beginnings program, visit Pampers.com About Pampers For more than 50 years, parents have trusted Pampers to care for their babies. Pampers is a part of The Procter & Gamble Company (NYSE:PG) and is the #1-selling diaper worldwide. Every day, more than 25 million babies in 100 countries around the world wear Pampers. Pampers offers a complete range of diapers, wipes and training pants designed to provide protection and comfort for every stage of babys development. Visit www.pampers.com to learn more about Pampers products, join the Pampers Club program, and find ideas and information to help you and your baby love the change together. About Procter & Gamble P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always, Ambi Pur, Ariel, Bounty, Charmin, Crest, Dawn, Downy, Fairy, Febreze, Gain, Gillette, Head & Shoulders, Lenor, Olay, Oral-B, Pampers, Pantene, SK-II, Tide, Vicks, and Whisper. The P&G community includes operations in approximately 70 countries worldwide. Please visit http://www.pg.com for the latest news and information about P&G and its brands. i March of Dimes Report Card marchofdimes.org/reportcard ii Jain et al. A city-wide structured book sharing program enhances reading behavior in high-risk NICU infants. EPAS2020. 2245.1 Answer:
Pampers Bright Beginnings Brings the Joy of Reading to NICUs Through a New Program with March of Dimes A fresh chapter in Pampers legacy of caring for premature infants, more than 40,000 books will be provided to March of Dimes NICU Family Support programs across the U.S.
CINCINNATI--(BUSINESS WIRE)--More than 380,000 babies1 in 10are born preterm in the U.S.i and many of these littlest fighters require extra help from the start. In honor of World Prematurity Day, Pampers is partnering with March of Dimes to bring 40,000 books and educational resources to NICUs across the country, as part of its ongoing commitment to care for the happy, healthy development of every baby. As a continuation of the Pampers Bright Beginnings Reading initiative announced last month, Pampers will provide more than 65 March of Dimes NICU Family Support programs with books and helpful reading tips to bring awareness of the developmental benefits of reading to babies from the very beginning. Through their longstanding partnership, Pampers and March of Dimes will work together to reach more than 35,000 families annually. "March of Dimes NICU Family Support is thrilled to be partnering with Pampers Bright Beginnings to bring the joy of reading into NICUs across the nation," said Heather Reimer, Senior Director, NICU Initiatives, March of Dimes. "We know how vital early reading is for our littlest fighters, so being able to provide NICU babies and their families with a way to help create a moment of bonding and development is such a privilege. We look forward to continuing our longstanding partnership with Pampers and making a difference in the lives of thousands of families together." Studies show that infants admitted to the NICU are at an increased risk for neurodevelopmental deficits due to prematurity or illness, poor language exposure as well as impaired parent-infant bonding. Reading aloud to babies, beginning from birth, can mitigate this issue. Dr. Viral G Jain, MD, FAAP, a physician-scientist, neonatologist and Assistant Professor in Pediatrics at the University of Alabama at Birmingham, and a member of Pampers Bright Beginnings Advisory Council, recently conducted a large-scale studyii to support this notion. He found that when parents were shown by a healthcare professional how to read with their baby, it doubled the number of parents reading to their babies while in the NICU. Benefits were especially strong among parents who did not themselves enjoy reading aloud, who are at high risk for lower reading frequency and quality, and in turn lower language exposure. These parents were five times more likely to read in the NICU and three times more likely to continue reading aloud at home. These improvements in reading behaviors were likely mediated by reduced parental stress, enhanced bonding between parent and baby and positive parent-infant interactions. Reading to baby for even fifteen minutes a day can make a lasting impact on their brain development, especially during the first few months of life when babies are developing key areas of the brain, said Sarah Pasquinucci, Senior Communications Director, P&G North America Baby Care and mother of two. Reading to a baby from birth is not only vital to their development, but its also a meaningful activity that promotes quality time and bonding between baby and parent. Thats why were honored to be partnering with March of Dimes to bring books and educational resources directly to NICU families, so they can experience the joys of reading with baby from the very beginning. Pampers and March of Dimes continue to evolve their partnership to find new ways to support the healthy, happy development of babies. Earlier this year, March of Dimes assisted Pampers during the review process after Pampers announced it would be donating $400,000 in NICU Connectivity Grants to select hospitals throughout North America to help keep families connected when it matters most. Due to the COVID-19 pandemic, many hospitals were forced to restructure their family presence protocols, resulting in a reduction of in-person time for many families and their loved ones in the NICU. With the help of Pampers donation, select eligible hospitals across North America have been able to acquire the resources and capabilities they need to keep families and babies connected when it matters most. The addition of these resources, including technology like cameras and tablets, has allowed parents to talk, read, sing and stay connected to their baby every day, even when they cannot be physically together. The use of this technology has made a world of difference for our families who have had to be separated during this COVID pandemic, said Kristin Chipoco, Nurse Manager at White Plains Hospital, a selected grant recipient. During the height of the pandemic one of our babies was separated from both of their parents due to the parents testing positive for COVID. Over the course of the next two weeks these parents were able to see and interact with their babies using Facetime. In addition, the parents were able to virtually see and meet the nurses who were caring for their baby each and every day.This technology allowed a bond to grow and foster between both these parents and their babies and the nursing staff involved, even though the parents were never allowed to set foot in the NICU.This technology helped ease some of the fear and anxiety of these brand new parents who had a baby admitted to NICU during such an already stressful period. Pampers believes a babys earliest days are essential towards shaping a bright beginning and is committed to supporting their happy, healthy development from the start. Through the Bright Beginnings initiative, Pampers is proud to continue to serve babies and their families by removing barriers that hinder early success and development and enhancing access to tools and resources to ensure the success of generations to come. To learn more about Pampers Bright Beginnings and its upcoming initiatives or how you can get involved, please download the Pampers App or visit Pampers.com. About Bright Beginnings At Pampers, caring for babies is more than just our purpose, its in our DNA. We believe a babys earliest days are essential toward shaping a bright beginning, and are committed to supporting their happy, healthy development right from the start. Through the Pampers Bright Beginnings program, we serve babies and their families by removing barriers that hinder early success and development, and enhancing access to resources, tools and support. For more information on the Pampers Bright Beginnings program, visit Pampers.com About Pampers For more than 50 years, parents have trusted Pampers to care for their babies. Pampers is a part of The Procter & Gamble Company (NYSE:PG) and is the #1-selling diaper worldwide. Every day, more than 25 million babies in 100 countries around the world wear Pampers. Pampers offers a complete range of diapers, wipes and training pants designed to provide protection and comfort for every stage of babys development. Visit www.pampers.com to learn more about Pampers products, join the Pampers Club program, and find ideas and information to help you and your baby love the change together. About Procter & Gamble P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always, Ambi Pur, Ariel, Bounty, Charmin, Crest, Dawn, Downy, Fairy, Febreze, Gain, Gillette, Head & Shoulders, Lenor, Olay, Oral-B, Pampers, Pantene, SK-II, Tide, Vicks, and Whisper. The P&G community includes operations in approximately 70 countries worldwide. Please visit http://www.pg.com for the latest news and information about P&G and its brands. i March of Dimes Report Card marchofdimes.org/reportcard ii Jain et al. A city-wide structured book sharing program enhances reading behavior in high-risk NICU infants. EPAS2020. 2245.1
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: LONDON--(BUSINESS WIRE)--Technavio has been monitoring the automotive digital key market and it is poised to grow by 1.45 mn units during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts Frequently Asked Questions: The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BMW AG, Continental AG, Daimler AG, DENSO Corp., Hyundai Motor Co., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Tesla Inc., Valeo SA, and Volkswagen AG are some of the major market participants. The vulnerability in existing keyless entry systems will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Automotive Digital Key Market 2020-2024: Segmentation Automotive Digital Key Market is segmented as below: To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43684 Automotive Digital Key Market 2020-2024: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive digital key market report covers the following areas: This study identifies demand for car-sharing and car rental services as one of the prime reasons driving the automotive digital key market growth during the next few years. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Automotive Digital Key Market 2020-2024: Key Highlights Table of Contents: Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by Application Customer landscape Geographic Landscape Vendor Landscape Vendor Analysis Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Answer:
Automotive Digital Key Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Vulnerability In Existing Keyless Entry Systems to Boost the Market Growth | Technavio
LONDON--(BUSINESS WIRE)--Technavio has been monitoring the automotive digital key market and it is poised to grow by 1.45 mn units during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts Frequently Asked Questions: The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BMW AG, Continental AG, Daimler AG, DENSO Corp., Hyundai Motor Co., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Tesla Inc., Valeo SA, and Volkswagen AG are some of the major market participants. The vulnerability in existing keyless entry systems will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Automotive Digital Key Market 2020-2024: Segmentation Automotive Digital Key Market is segmented as below: To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43684 Automotive Digital Key Market 2020-2024: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive digital key market report covers the following areas: This study identifies demand for car-sharing and car rental services as one of the prime reasons driving the automotive digital key market growth during the next few years. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Automotive Digital Key Market 2020-2024: Key Highlights Table of Contents: Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by Application Customer landscape Geographic Landscape Vendor Landscape Vendor Analysis Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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)--Awarding winning shareholder rights law firm Labaton Sucahrow reminds investors of the upcoming deadline to move for appointment as lead plaintiff in the class action litigation filed on behalf of investors who purchased or otherwise acquired common stock of Splunk Inc. ("Splunk" or the "Company") (NASDAQ: SPLK) between October 21, 2020 and December 2, 2020, inclusive (the "Class Period"). If you purchased or otherwise acquired Splunk common stock or options during the Class Period, you may move the Court for appointment as lead plaintiff by no later than February 2, 2021. Splunk investors who wish to learn more about the litigation and/or how to seek appointment as lead plaintiff should contact David J. Schwartz of Labaton Sucharow using the toll-free number (800) 321-0476 or via email at dschwartz@labaton.com Background on the Splunk Securities Class Litigation Splunk, incorporated in Delaware and headquartered in San Francisco, California, is a software company specializing in web-based products for searching, monitoring, and analyzing machine-generated data at an organizational level. The action alleges that, during the Class Period, defendants misrepresented and/or failed to disclose that: (1) Splunk was failing to close deals with most of its biggest customers in the fiscal third quarter 2021; (2) Splunk was not achieving the financial targets it had previously announced; and (3) as a result, defendants' public statements were at all relevant times materially false and misleading. On December 2, 2020, after markets closed, Splunk announced disappointing results for the fiscal third quarter 2021, including a decrease of approximately 11% in total revenues, missing analyst estimates by almost $60 million. On the subsequent earnings call, Company executives disclosed for the first time that Splunk had failed to close most of its largest deals during the quarter. On this news, the price of Splunk stock dropped $47.88 per share, or 23.25%, from its closing price of $205.91 on December 2, 2020, to close at $158.03 per share on December 3, 2020, on extremely heavy trading volume. About the Firm Labaton Sucharow LLP is one of the worlds leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at http://www.labaton.com. Answer:
IMPORTANT FILING DEADLINE: February 2, 2021 Important Filing Deadline in Splunk Investor Class Action - Contact Labaton Sucharow LLP
NEW YORK--(BUSINESS WIRE)--Awarding winning shareholder rights law firm Labaton Sucahrow reminds investors of the upcoming deadline to move for appointment as lead plaintiff in the class action litigation filed on behalf of investors who purchased or otherwise acquired common stock of Splunk Inc. ("Splunk" or the "Company") (NASDAQ: SPLK) between October 21, 2020 and December 2, 2020, inclusive (the "Class Period"). If you purchased or otherwise acquired Splunk common stock or options during the Class Period, you may move the Court for appointment as lead plaintiff by no later than February 2, 2021. Splunk investors who wish to learn more about the litigation and/or how to seek appointment as lead plaintiff should contact David J. Schwartz of Labaton Sucharow using the toll-free number (800) 321-0476 or via email at dschwartz@labaton.com Background on the Splunk Securities Class Litigation Splunk, incorporated in Delaware and headquartered in San Francisco, California, is a software company specializing in web-based products for searching, monitoring, and analyzing machine-generated data at an organizational level. The action alleges that, during the Class Period, defendants misrepresented and/or failed to disclose that: (1) Splunk was failing to close deals with most of its biggest customers in the fiscal third quarter 2021; (2) Splunk was not achieving the financial targets it had previously announced; and (3) as a result, defendants' public statements were at all relevant times materially false and misleading. On December 2, 2020, after markets closed, Splunk announced disappointing results for the fiscal third quarter 2021, including a decrease of approximately 11% in total revenues, missing analyst estimates by almost $60 million. On the subsequent earnings call, Company executives disclosed for the first time that Splunk had failed to close most of its largest deals during the quarter. On this news, the price of Splunk stock dropped $47.88 per share, or 23.25%, from its closing price of $205.91 on December 2, 2020, to close at $158.03 per share on December 3, 2020, on extremely heavy trading volume. About the Firm Labaton Sucharow LLP is one of the worlds leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at http://www.labaton.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: DUBLIN--(BUSINESS WIRE)--The "Honeycomb Core Materials - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering. The Global Honeycomb Core Materials market accounted for $2.22 billion in 2019 and is expected to reach $5.19 billion by 2027 growing at a CAGR of 11.2% during the forecast period. Increasing demand for lightweight materials for fuel efficiency is driving the growth of the market. However, significant cost of the products is likely to inhibit market growth. Honeycomb core are used to manufacture composite sandwich structures. It provides stiffness to the structure with minimal weight gain. Honeycombs utilize far less material than a solid panel but still provide exceptional strength, making it a highly economical option for many applications. In addition, the strength of the honeycomb increases with its thickness, meaning it is well suited to structures needing considerable core materials. Lightweight honeycomb solutions are used in a wide range of industries, including the aerospace, marine, military, construction and automotive markets. Based on the product type, the nomex segment is estimated to have a lucrative growth due to its outstanding strength-to-weight ratio. The rigid and thin Nomex sheet structures are used to build sturdy yet lightweight honeycomb sandwich composite panels. These panels are used in aircraft parts such as flooring panels, internal walls, engine nacelles, helicopter blades, and tail booms. Nomex honeycomb composites are also used in the manufacture of boats to help provide buoyancy that enhances speed. By geography, North America is going to have a lucrative growth during the forecast period due to the high demand from aerospace & defense and marine industries. Companies Mentioned What the report offers: Key Topics Covered: 1 Executive Summary 2 Preface 2.1 Abstract 2.2 Stake Holders 2.3 Research Scope 2.4 Research Methodology 2.4.1 Data Mining 2.4.2 Data Analysis 2.4.3 Data Validation 2.4.4 Research Approach 2.5 Research Sources 2.5.1 Primary Research Sources 2.5.2 Secondary Research Sources 2.5.3 Assumptions 3 Market Trend Analysis 3.1 Introduction 3.2 Drivers 3.3 Restraints 3.4 Opportunities 3.5 Threats 3.6 Product Analysis 3.7 Application Analysis 3.8 End User Analysis 3.9 Emerging Markets 3.10 Impact of Covid-19 4 Porters Five Force Analysis 4.1 Bargaining power of suppliers 4.2 Bargaining power of buyers 4.3 Threat of substitutes 4.4 Threat of new entrants 4.5 Competitive rivalry 5 Global Honeycomb Core Materials Market, By Product Type 5.1 Introduction 5.2 Paper 5.3 Fiberglass 5.4 Nomex 5.5 Thermoplastics 5.6 Aluminum 5.7 Kevlar 5.8 Aramid Fiber 5.9 Other Product Types 5.9.1 Polypropylene 5.9.2 Stainless Steel 5.9.3 Carbon 6 Global Honeycomb Core Materials Market, By Application 6.1 Introduction 6.2 Composite 6.3 Non-composite 7 Global Honeycomb Core Materials Market, By End User 7.1 Introduction 7.2 Defense 7.3 Marine 7.4 Aerospace 7.5 Packaging 7.6 Automotive & Transportation 7.7 Automobiles 7.8 Other End Users 7.8.1 Furniture 7.8.2 Building & Construction 7.8.3 Sporting Goods 7.8.4 Industrial 8 Global Honeycomb Core Materials Market, By Geography 8.1 Introduction 8.2 North America 8.2.1 US 8.2.2 Canada 8.2.3 Mexico 8.3 Europe 8.3.1 Germany 8.3.2 UK 8.3.3 Italy 8.3.4 France 8.3.5 Spain 8.3.6 Rest of Europe 8.4 Asia Pacific 8.4.1 Japan 8.4.2 China 8.4.3 India 8.4.4 Australia 8.4.5 New Zealand 8.4.6 South Korea 8.4.7 Rest of Asia Pacific 8.5 South America 8.5.1 Argentina 8.5.2 Brazil 8.5.3 Chile 8.5.4 Rest of South America 8.6 Middle East & Africa 8.6.1 Saudi Arabia 8.6.2 UAE 8.6.3 Qatar 8.6.4 South Africa 8.6.5 Rest of Middle East & Africa 9 Key Developments 9.1 Agreements, Partnerships, Collaborations and Joint Ventures 9.2 Acquisitions & Mergers 9.3 New Product Launch 9.4 Expansions 9.5 Other Key Strategies 10 Company Profiling 10.1 Koninklijke Ten Cate BV 10.2 Tubus Baer GmbH 10.3 Packaging Corporation of America 10.4 Argosy International 10.5 Axxion Group 10.6 The Gill Corporation 10.7 Corinth Group 10.8 Samia Canada 10.9 Dufaylite Developments 10.10 Thermhex Waben GmbH 10.11 Euro-Composites 10.12 Hexcel Corporation 10.13 Grigeo 10.14 Honeycomb Cellpack 10.15 Thermhex Waben GmbH 10.16 Honicel For more information about this report visit https://www.researchandmarkets.com/r/eg98g9. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Answer:
Global Honeycomb Core Materials Market Outlook to 2027 - Strategic Recommendations for New Entrants - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Honeycomb Core Materials - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering. The Global Honeycomb Core Materials market accounted for $2.22 billion in 2019 and is expected to reach $5.19 billion by 2027 growing at a CAGR of 11.2% during the forecast period. Increasing demand for lightweight materials for fuel efficiency is driving the growth of the market. However, significant cost of the products is likely to inhibit market growth. Honeycomb core are used to manufacture composite sandwich structures. It provides stiffness to the structure with minimal weight gain. Honeycombs utilize far less material than a solid panel but still provide exceptional strength, making it a highly economical option for many applications. In addition, the strength of the honeycomb increases with its thickness, meaning it is well suited to structures needing considerable core materials. Lightweight honeycomb solutions are used in a wide range of industries, including the aerospace, marine, military, construction and automotive markets. Based on the product type, the nomex segment is estimated to have a lucrative growth due to its outstanding strength-to-weight ratio. The rigid and thin Nomex sheet structures are used to build sturdy yet lightweight honeycomb sandwich composite panels. These panels are used in aircraft parts such as flooring panels, internal walls, engine nacelles, helicopter blades, and tail booms. Nomex honeycomb composites are also used in the manufacture of boats to help provide buoyancy that enhances speed. By geography, North America is going to have a lucrative growth during the forecast period due to the high demand from aerospace & defense and marine industries. Companies Mentioned What the report offers: Key Topics Covered: 1 Executive Summary 2 Preface 2.1 Abstract 2.2 Stake Holders 2.3 Research Scope 2.4 Research Methodology 2.4.1 Data Mining 2.4.2 Data Analysis 2.4.3 Data Validation 2.4.4 Research Approach 2.5 Research Sources 2.5.1 Primary Research Sources 2.5.2 Secondary Research Sources 2.5.3 Assumptions 3 Market Trend Analysis 3.1 Introduction 3.2 Drivers 3.3 Restraints 3.4 Opportunities 3.5 Threats 3.6 Product Analysis 3.7 Application Analysis 3.8 End User Analysis 3.9 Emerging Markets 3.10 Impact of Covid-19 4 Porters Five Force Analysis 4.1 Bargaining power of suppliers 4.2 Bargaining power of buyers 4.3 Threat of substitutes 4.4 Threat of new entrants 4.5 Competitive rivalry 5 Global Honeycomb Core Materials Market, By Product Type 5.1 Introduction 5.2 Paper 5.3 Fiberglass 5.4 Nomex 5.5 Thermoplastics 5.6 Aluminum 5.7 Kevlar 5.8 Aramid Fiber 5.9 Other Product Types 5.9.1 Polypropylene 5.9.2 Stainless Steel 5.9.3 Carbon 6 Global Honeycomb Core Materials Market, By Application 6.1 Introduction 6.2 Composite 6.3 Non-composite 7 Global Honeycomb Core Materials Market, By End User 7.1 Introduction 7.2 Defense 7.3 Marine 7.4 Aerospace 7.5 Packaging 7.6 Automotive & Transportation 7.7 Automobiles 7.8 Other End Users 7.8.1 Furniture 7.8.2 Building & Construction 7.8.3 Sporting Goods 7.8.4 Industrial 8 Global Honeycomb Core Materials Market, By Geography 8.1 Introduction 8.2 North America 8.2.1 US 8.2.2 Canada 8.2.3 Mexico 8.3 Europe 8.3.1 Germany 8.3.2 UK 8.3.3 Italy 8.3.4 France 8.3.5 Spain 8.3.6 Rest of Europe 8.4 Asia Pacific 8.4.1 Japan 8.4.2 China 8.4.3 India 8.4.4 Australia 8.4.5 New Zealand 8.4.6 South Korea 8.4.7 Rest of Asia Pacific 8.5 South America 8.5.1 Argentina 8.5.2 Brazil 8.5.3 Chile 8.5.4 Rest of South America 8.6 Middle East & Africa 8.6.1 Saudi Arabia 8.6.2 UAE 8.6.3 Qatar 8.6.4 South Africa 8.6.5 Rest of Middle East & Africa 9 Key Developments 9.1 Agreements, Partnerships, Collaborations and Joint Ventures 9.2 Acquisitions & Mergers 9.3 New Product Launch 9.4 Expansions 9.5 Other Key Strategies 10 Company Profiling 10.1 Koninklijke Ten Cate BV 10.2 Tubus Baer GmbH 10.3 Packaging Corporation of America 10.4 Argosy International 10.5 Axxion Group 10.6 The Gill Corporation 10.7 Corinth Group 10.8 Samia Canada 10.9 Dufaylite Developments 10.10 Thermhex Waben GmbH 10.11 Euro-Composites 10.12 Hexcel Corporation 10.13 Grigeo 10.14 Honeycomb Cellpack 10.15 Thermhex Waben GmbH 10.16 Honicel For more information about this report visit https://www.researchandmarkets.com/r/eg98g9. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
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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: ANAHEIM, Calif.--(BUSINESS WIRE)--EACO Corporation (OTCQB:EACO) today reported the results for three months ended November 30, 2020. Net sales, net income and earnings per share were as follows for the three months ended November 30, 2020 (dollars in thousands, except per share information): Three Months Ended November 30, % 2020 2019 Change (unaudited) (unaudited) Net sales $53,403 $56,040 (4.7)% Net income $851 $1,917 (55.6)% Basic and diluted earnings per common share $0.17 $0.39 (56.4)% The Company had 373 sales employees at November 30, 2020, an increase of 24 or 6.4% from the prior year quarter. The Companys sales force is divided into Sales focus teams (SFTs). The Company had 101 SFTs as of November 30, 2020, an increase of 2 from the prior year quarter. Management anticipates continued growth in both our headcount and SFTs in fiscal year 2021. The Company believes it continues to gain market share through its local presence business model. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation, statements related to our headcount expansion and future growth are forward-looking statements. These forward-looking statements are based on our current expectations and are inherently subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. The potential risks and uncertainties include, but are not limited to, our ability to hire and retain additional qualified employees, our ability to open additional sales offices, and to gain market acceptance for our products, the pricing and availability of our products, the success of our sales and marketing programs, the impact of products offered by our competitors from time to time, and the impact of the Covid-19 pandemic. In addition to these factors and any other factors mentioned elsewhere in this news release, the reader should refer as well to the factors, uncertainties or risks identified in EACOs most recent Form 10-K and all subsequent Form 10-Q reports filed by us with the SEC. The forward-looking statements included in this release speak only as of the date hereof, and EACO does not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances. EACO Corporation and Subsidiaries Condensed Consolidated Balance Sheets (in thousands, except share information) (unaudited) November 30, August 31, 2020 2020* ASSETS Current Assets: Cash and cash equivalents $ 6,665 $ 6,079 Restricted cash 3,202 2,916 Trade accounts receivable, net 28,033 29,667 Inventory, net 39,616 39,545 Marketable securities, trading 791 1,368 Prepaid expenses and other current assets 4,388 5,094 Total current assets 82,695 84,669 Non-current Assets: Property, equipment and leasehold improvements, net 8,650 8,848 Other assets: Operating lease right-of-use assets 12,393 12,810 Other assets, net 1,414 1,424 Total assets $ 105,152 $ 107,751 LIABILITIES AND SHAREHOLDERS EQUITY Current Liabilities: Trade accounts payable $ 16,334 $ 16,535 Accrued expenses and other current liabilities 5,909 6,632 Liability for short sales of trading securities 3,202 2,916 Current portion of operating lease liabilities 2,585 2,653 Current portion of long-term debt 2,939 5,100 Total current liabilities 30,969 33,836 Non-current Liabilities: Long-term debt 4,781 4,807 Operating lease liabilities 9,833 10,289 Total liabilities 45,583 48,932 Commitments and Contingencies Shareholders Equity: Convertible preferred stock, $0.01 par value per share; 10,000,000 shares authorized; 36,000 shares outstanding (liquidation value $900) 1 1 Common stock, $0.01 par value per share; 8,000,000 shares authorized; 4,861,590 shares outstanding 49 49 Additional paid-in capital 12,378 12,378 Accumulated other comprehensive income 706 788 Retained earnings 46,435 45,603 Total shareholders equity 59,569 58,819 Total liabilities and shareholders equity $ 105,152 $ 107,751 * Derived from the Companys audited financial statements included in its Form 10-K for the year ended August 31, 2020 filed with the U.S. Securities and Exchange Commission on November 30, 2020. Condensed Consolidated Statements of Income (in thousands, except for share and per share information) (unaudited) Three Months Ended November 30, 2020 2019 Net sales $ 53,403 $ 56,040 Cost of sales 38,951 40,144 Gross margin 14,452 15,896 Operating expenses: Selling, general and administrative expenses 12,681 12,602 Income from operations 1,771 3,294 Other (expense): Net loss on trading securities (553) (80) Loss on sale of real property (102) Interest and other expense, net (69) (119) Other (expense), net (622) (301) Income before income taxes 1,149 2,993 Provision for income taxes 298 1,076 Net income 851 1,917 Cumulative preferred stock dividend (19) (19) Net income attributable to common shareholders $ 832 $ 1,898 Basic and diluted earnings per common share: $ 0.17 $ 0.39 Basic and diluted weighted average common shares outstanding 4,861,590 4,861,590 EACO Corporation and Subsidiaries Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited) Three Months Ended November 30, 2020 2019 Operating activities: Net income $ 851 $ 1,917 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation and amortization 377 259 Bad debt expense 3 Loss on sale of property 102 Net loss on trading securities 553 80 (Increase) decrease in: Trade accounts receivable 1,634 2,175 Inventory (71) (2,472) Prepaid expenses and other assets 716 (729) Operating lease right-of-use assets 417 Increase (decrease) in: Trade accounts payable 666 (2,266) Accrued expenses and other current liabilities (723) (737) Operating lease liabilities (524) Net cash provided by (used in) operating activities 3,896 (1,668) Investing activities: Additions to property, equipment, and leasehold improvements (179) (2,393) Proceeds from sale of property 7,075 Sale of marketable securities, trading 24 1,388 Net change in liabilities for short sales of trading securities 286 2,167 Net cash provided by investing activities 131 8,237 Financing activities: (Payments) borrowings on revolving credit facility, net (2,187) 513 Borrowings on Construction Loan 1,701 Repayments on long-term debt (5,125) Preferred stock dividend (19) (19) Bank overdraft (867) 104 Net cash used in financing activities (3,073) (2,826) Effect of foreign currency exchange rate changes on cash and cash equivalents (82) (212) Net increase in cash, cash equivalents, and restricted cash 872 3,531 Cash, cash equivalents, and restricted cash - beginning of period 8,995 5,347 Cash, cash equivalents, and restricted cash - end of period $ 9,867 $ 8,878 Supplemental disclosures of cash flow information: Cash paid for interest $ 48 $ 122 Cash paid for income taxes $ $ Answer:
EACO Corporation Reports 1st Quarter Net Sales and Net Income
ANAHEIM, Calif.--(BUSINESS WIRE)--EACO Corporation (OTCQB:EACO) today reported the results for three months ended November 30, 2020. Net sales, net income and earnings per share were as follows for the three months ended November 30, 2020 (dollars in thousands, except per share information): Three Months Ended November 30, % 2020 2019 Change (unaudited) (unaudited) Net sales $53,403 $56,040 (4.7)% Net income $851 $1,917 (55.6)% Basic and diluted earnings per common share $0.17 $0.39 (56.4)% The Company had 373 sales employees at November 30, 2020, an increase of 24 or 6.4% from the prior year quarter. The Companys sales force is divided into Sales focus teams (SFTs). The Company had 101 SFTs as of November 30, 2020, an increase of 2 from the prior year quarter. Management anticipates continued growth in both our headcount and SFTs in fiscal year 2021. The Company believes it continues to gain market share through its local presence business model. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation, statements related to our headcount expansion and future growth are forward-looking statements. These forward-looking statements are based on our current expectations and are inherently subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. The potential risks and uncertainties include, but are not limited to, our ability to hire and retain additional qualified employees, our ability to open additional sales offices, and to gain market acceptance for our products, the pricing and availability of our products, the success of our sales and marketing programs, the impact of products offered by our competitors from time to time, and the impact of the Covid-19 pandemic. In addition to these factors and any other factors mentioned elsewhere in this news release, the reader should refer as well to the factors, uncertainties or risks identified in EACOs most recent Form 10-K and all subsequent Form 10-Q reports filed by us with the SEC. The forward-looking statements included in this release speak only as of the date hereof, and EACO does not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances. EACO Corporation and Subsidiaries Condensed Consolidated Balance Sheets (in thousands, except share information) (unaudited) November 30, August 31, 2020 2020* ASSETS Current Assets: Cash and cash equivalents $ 6,665 $ 6,079 Restricted cash 3,202 2,916 Trade accounts receivable, net 28,033 29,667 Inventory, net 39,616 39,545 Marketable securities, trading 791 1,368 Prepaid expenses and other current assets 4,388 5,094 Total current assets 82,695 84,669 Non-current Assets: Property, equipment and leasehold improvements, net 8,650 8,848 Other assets: Operating lease right-of-use assets 12,393 12,810 Other assets, net 1,414 1,424 Total assets $ 105,152 $ 107,751 LIABILITIES AND SHAREHOLDERS EQUITY Current Liabilities: Trade accounts payable $ 16,334 $ 16,535 Accrued expenses and other current liabilities 5,909 6,632 Liability for short sales of trading securities 3,202 2,916 Current portion of operating lease liabilities 2,585 2,653 Current portion of long-term debt 2,939 5,100 Total current liabilities 30,969 33,836 Non-current Liabilities: Long-term debt 4,781 4,807 Operating lease liabilities 9,833 10,289 Total liabilities 45,583 48,932 Commitments and Contingencies Shareholders Equity: Convertible preferred stock, $0.01 par value per share; 10,000,000 shares authorized; 36,000 shares outstanding (liquidation value $900) 1 1 Common stock, $0.01 par value per share; 8,000,000 shares authorized; 4,861,590 shares outstanding 49 49 Additional paid-in capital 12,378 12,378 Accumulated other comprehensive income 706 788 Retained earnings 46,435 45,603 Total shareholders equity 59,569 58,819 Total liabilities and shareholders equity $ 105,152 $ 107,751 * Derived from the Companys audited financial statements included in its Form 10-K for the year ended August 31, 2020 filed with the U.S. Securities and Exchange Commission on November 30, 2020. Condensed Consolidated Statements of Income (in thousands, except for share and per share information) (unaudited) Three Months Ended November 30, 2020 2019 Net sales $ 53,403 $ 56,040 Cost of sales 38,951 40,144 Gross margin 14,452 15,896 Operating expenses: Selling, general and administrative expenses 12,681 12,602 Income from operations 1,771 3,294 Other (expense): Net loss on trading securities (553) (80) Loss on sale of real property (102) Interest and other expense, net (69) (119) Other (expense), net (622) (301) Income before income taxes 1,149 2,993 Provision for income taxes 298 1,076 Net income 851 1,917 Cumulative preferred stock dividend (19) (19) Net income attributable to common shareholders $ 832 $ 1,898 Basic and diluted earnings per common share: $ 0.17 $ 0.39 Basic and diluted weighted average common shares outstanding 4,861,590 4,861,590 EACO Corporation and Subsidiaries Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited) Three Months Ended November 30, 2020 2019 Operating activities: Net income $ 851 $ 1,917 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation and amortization 377 259 Bad debt expense 3 Loss on sale of property 102 Net loss on trading securities 553 80 (Increase) decrease in: Trade accounts receivable 1,634 2,175 Inventory (71) (2,472) Prepaid expenses and other assets 716 (729) Operating lease right-of-use assets 417 Increase (decrease) in: Trade accounts payable 666 (2,266) Accrued expenses and other current liabilities (723) (737) Operating lease liabilities (524) Net cash provided by (used in) operating activities 3,896 (1,668) Investing activities: Additions to property, equipment, and leasehold improvements (179) (2,393) Proceeds from sale of property 7,075 Sale of marketable securities, trading 24 1,388 Net change in liabilities for short sales of trading securities 286 2,167 Net cash provided by investing activities 131 8,237 Financing activities: (Payments) borrowings on revolving credit facility, net (2,187) 513 Borrowings on Construction Loan 1,701 Repayments on long-term debt (5,125) Preferred stock dividend (19) (19) Bank overdraft (867) 104 Net cash used in financing activities (3,073) (2,826) Effect of foreign currency exchange rate changes on cash and cash equivalents (82) (212) Net increase in cash, cash equivalents, and restricted cash 872 3,531 Cash, cash equivalents, and restricted cash - beginning of period 8,995 5,347 Cash, cash equivalents, and restricted cash - end of period $ 9,867 $ 8,878 Supplemental disclosures of cash flow information: Cash paid for interest $ 48 $ 122 Cash paid for income taxes $ $
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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: WORCESTER, Mass., March 1, 2021 /PRNewswire/ --The Hanover Insurance Group, Inc. (NYSE: THG) today announced J. Paul Condrin III has been elected to the company's board of directors, effective Friday, Feb. 26. (PRNewsfoto/The Hanover Insurance Group, Inc.) Condrin is a seasoned executive with expansive knowledge of the property and casualty insurance industry, having served in various executive leadership roles at Liberty Mutual for nearly 30 years. Most recently, he served as executive vice president and president of commercial insurance, from 2012 until his retirement in 2018. In this capacity, he oversaw the company's $10 billion commercial operation and led transformational and profitable change in the organization. During his time at Liberty Mutual, Condrin also served as president and chief executive officer of Liberty Mutual Agency, president of commercial markets, president of personal markets, corporate chief financial officer and corporate comptroller. "Paul is a highly experienced, proven and respected industry leader with a deep understanding of our business and an impressive track record," said Cynthia L. Egan, chair of the board of directors at The Hanover. "We are delighted to welcome Paul to our board. We look forward to his active involvement and contributions as we continue to enhance our distinctive competitive position in our dynamic and rapidly changing business, delivering even greater value for our shareholders and other stakeholders." "We are thrilled to have Paul join our board," said John C. Roche, president and chief executive officer at The Hanover. "Paul is a very successful senior leader in our industry who brings valuable insight and perspective as we continue to navigate evolving market conditions and provide high-quality insurance solutions to our agent partners and customers."Condrin received a bachelor's degree from Bentley University and began his career as an auditor in KPMG's Boston office. He joined Bentley's board of trustees in 2013 and he currently serves as chair of that board, as well as interim president of the university. In addition, he serves as chair of the board of directors of Wide Horizons for Children, Inc., an international adoption and humanitarian aid organization. About The HanoverThe Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. The company provides exceptional insurance solutions through a select group of independent agents and brokers. Together with its agent partners, The Hanover offers standard and specialized insurance protection for small and mid-sized businesses, as well as for homes, automobiles, and other personal items. For more information, please visithanover.com. CONTACTS: Investors: Media: Oksana Lukasheva Emily P. Trevallion Abby M. Clark [emailprotected] [emailprotected] [emailprotected] 508-525-6081 508-855-3263 508-855-3549 SOURCE The Hanover Insurance Group, Inc. Related Links www.hanover.com Answer:
The Hanover Insurance Group, Inc. Elects J. Paul Condrin III to Board of Directors
WORCESTER, Mass., March 1, 2021 /PRNewswire/ --The Hanover Insurance Group, Inc. (NYSE: THG) today announced J. Paul Condrin III has been elected to the company's board of directors, effective Friday, Feb. 26. (PRNewsfoto/The Hanover Insurance Group, Inc.) Condrin is a seasoned executive with expansive knowledge of the property and casualty insurance industry, having served in various executive leadership roles at Liberty Mutual for nearly 30 years. Most recently, he served as executive vice president and president of commercial insurance, from 2012 until his retirement in 2018. In this capacity, he oversaw the company's $10 billion commercial operation and led transformational and profitable change in the organization. During his time at Liberty Mutual, Condrin also served as president and chief executive officer of Liberty Mutual Agency, president of commercial markets, president of personal markets, corporate chief financial officer and corporate comptroller. "Paul is a highly experienced, proven and respected industry leader with a deep understanding of our business and an impressive track record," said Cynthia L. Egan, chair of the board of directors at The Hanover. "We are delighted to welcome Paul to our board. We look forward to his active involvement and contributions as we continue to enhance our distinctive competitive position in our dynamic and rapidly changing business, delivering even greater value for our shareholders and other stakeholders." "We are thrilled to have Paul join our board," said John C. Roche, president and chief executive officer at The Hanover. "Paul is a very successful senior leader in our industry who brings valuable insight and perspective as we continue to navigate evolving market conditions and provide high-quality insurance solutions to our agent partners and customers."Condrin received a bachelor's degree from Bentley University and began his career as an auditor in KPMG's Boston office. He joined Bentley's board of trustees in 2013 and he currently serves as chair of that board, as well as interim president of the university. In addition, he serves as chair of the board of directors of Wide Horizons for Children, Inc., an international adoption and humanitarian aid organization. About The HanoverThe Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. The company provides exceptional insurance solutions through a select group of independent agents and brokers. Together with its agent partners, The Hanover offers standard and specialized insurance protection for small and mid-sized businesses, as well as for homes, automobiles, and other personal items. For more information, please visithanover.com. CONTACTS: Investors: Media: Oksana Lukasheva Emily P. Trevallion Abby M. Clark [emailprotected] [emailprotected] [emailprotected] 508-525-6081 508-855-3263 508-855-3549 SOURCE The Hanover Insurance Group, Inc. Related Links www.hanover.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: TEL AVIV, Israel, Feb. 16, 2021 /PRNewswire/ -- Galmed Pharmaceuticals Ltd. (Nasdaq: GLMD) ("Galmed" or the "Company"), a clinical-stage biopharmaceutical company for liver, metabolic and inflammatory diseases, today announced the pricing of the underwritten public offering of 2,197,803 of its ordinary shares for gross proceeds of approximately $10 million, before deducting the underwriting discounts and commissions and estimated offering expenses payable by Galmed. The offering is expected to close on or about February 18, 2021, subject to customary closing conditions. In addition, Galmed has granted the underwriter for the offering, a 30-day option to purchase up to an additional 329,670 of its ordinary shares. Cantor Fitzgerald & Co. is acting as the sole book-running manager of the offering. The underwriter may offer the shares from time to time for sale in one or more transactions on the Nasdaq Capital Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. On February 12, 2021, the last sale price of the shares as reported on the Nasdaq Capital Market was $5.03 per share. During February 2021, Galmed sold approximately $8.4 million in ordinary shares under its at-the-market equity offering. Galmed intends to use the net proceeds of this offering and that of its at-the-market offering for continued development of its pipeline products, as well as the advancement of new programs, business development activities, and general corporate purposes. The offering is being made pursuant to a "shelf" registration statement on Form F-3 (File No. 333-223923) previously filed by Galmed with the Securities and Exchange Commission (the "SEC") on March 26, 2018 and declared effective by the SEC on April 2, 2018. The offering is being made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A preliminary prospectus supplement describing the terms of the offering and the accompanying prospectus have been filed with the SEC. Before you invest, you should read the registration statement, the preliminary prospectus, the documents that Galmed has filed with the SEC that are incorporated by reference into the registration statement, and the other documents Galmed has filed with the SEC for more complete information about Galmed and the offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies of the final prospectus and the accompanying prospectus relating to the offering can be obtained, when available, from Cantor Fitzgerald & Co., Attn: Capital Markets, 499 Park Avenue, 6th floor, New York, NY 10022; Email: [emailprotected]. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About Galmed Pharmaceuticals Ltd. Galmed Pharmaceuticals Ltd. is a clinical stage drug development biopharmaceutical company for liver, metabolic and inflammatory diseases. Our lead compound, Aramchol, a backbone drug candidate for the treatment of NASH and fibrosis is currently in a Phase 3 registrational study. We are also collaborating with the Hebrew University in the development of Amilo-5MER, a 5 amino acid synthetic peptide and plan to initiate a first in human study during the first quarter of 2021. Forward-Looking Statements This press release may include forward-looking statements. Forward-looking statements may include, but are not limited to, statements relating to Galmed's objectives, plans and strategies, as well as statements, other than historical facts, that address activities, events or developments that Galmed intends, expects, projects, believes or anticipates will or may occur in the future, including statements relating to the offering, including as to the consummation of the offering described above, the expected proceeds from the offering, the intended use of proceeds and the timing of the closing of the offering. These statements are often characterized by terminology such as "believes," "hopes," "may," "anticipates," "should," "intends," "plans," "will," "expects," "estimates," "projects," "positioned," "strategy" and similar expressions and are based on assumptions and assessments made in light of management's experience and perception of historical trends, current conditions, expected future developments and other factors believed to be appropriate. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. Many factors could cause Galmed's actual activities or results to differ materially from the activities and results anticipated in forward-looking statements, including, but not limited to, the following: market and other conditions; the timing and cost of Galmed's pivotal Phase 3 ARMOR trial, or the ARMOR Study or any other pre-clinical or clinical trials; completion and receiving favorable results of the ARMOR Study for Aramchol or any other pre-clinical or clinical trial; the impact of the COVID-19 pandemic; regulatory action with respect to Aramchol or any other product candidate by the FDA or the EMA; the commercial launch and future sales of Aramchol or any other future products or product candidates; Galmed's ability to comply with all applicable post-market regulatory requirements for Aramchol or any other product candidate in the countries in which it seeks to market the product; Galmed's ability to achieve favorable pricing for Aramchol or any other product candidate; Galmed's expectations regarding the commercial market for NASH patients or any other indication; third-party payor reimbursement for Aramchol or any other product candidate; Galmed's estimates regarding anticipated capital requirements and Galmed's needs for additional financing; market adoption of Aramchol or any other product candidate by physicians and patients; the timing, cost or other aspects of the commercial launch of Aramchol or any other product candidate; the development and approval of the use of Aramchol or any other product candidate for additional indications or in combination therapy; and Galmed's expectations regarding licensing, acquisitions and strategic operations. More detailed information about the risks and uncertainties affecting Galmed is contained under the heading "Risk Factors" included in Galmed's most recent Annual Report on Form 20-F filed with the SEC on March 12, 2020, the Preliminary Prospectus filed with the SEC on February 16, 2021, the Report on Form 6-K filed with the SEC on February 16, 2021 and in other filings that Galmed has made and may make with the SEC in the future. The forward-looking statements contained in this press release are made as of the date of this press release and reflect Galmed's current views with respect to future events, and Galmed does not undertake and specifically disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. SOURCE Galmed Pharmaceuticals Ltd. Answer:
Galmed Pharmaceuticals Announces Pricing of $10 Million Public Offering of Ordinary Shares USA - English USA - English
TEL AVIV, Israel, Feb. 16, 2021 /PRNewswire/ -- Galmed Pharmaceuticals Ltd. (Nasdaq: GLMD) ("Galmed" or the "Company"), a clinical-stage biopharmaceutical company for liver, metabolic and inflammatory diseases, today announced the pricing of the underwritten public offering of 2,197,803 of its ordinary shares for gross proceeds of approximately $10 million, before deducting the underwriting discounts and commissions and estimated offering expenses payable by Galmed. The offering is expected to close on or about February 18, 2021, subject to customary closing conditions. In addition, Galmed has granted the underwriter for the offering, a 30-day option to purchase up to an additional 329,670 of its ordinary shares. Cantor Fitzgerald & Co. is acting as the sole book-running manager of the offering. The underwriter may offer the shares from time to time for sale in one or more transactions on the Nasdaq Capital Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. On February 12, 2021, the last sale price of the shares as reported on the Nasdaq Capital Market was $5.03 per share. During February 2021, Galmed sold approximately $8.4 million in ordinary shares under its at-the-market equity offering. Galmed intends to use the net proceeds of this offering and that of its at-the-market offering for continued development of its pipeline products, as well as the advancement of new programs, business development activities, and general corporate purposes. The offering is being made pursuant to a "shelf" registration statement on Form F-3 (File No. 333-223923) previously filed by Galmed with the Securities and Exchange Commission (the "SEC") on March 26, 2018 and declared effective by the SEC on April 2, 2018. The offering is being made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A preliminary prospectus supplement describing the terms of the offering and the accompanying prospectus have been filed with the SEC. Before you invest, you should read the registration statement, the preliminary prospectus, the documents that Galmed has filed with the SEC that are incorporated by reference into the registration statement, and the other documents Galmed has filed with the SEC for more complete information about Galmed and the offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies of the final prospectus and the accompanying prospectus relating to the offering can be obtained, when available, from Cantor Fitzgerald & Co., Attn: Capital Markets, 499 Park Avenue, 6th floor, New York, NY 10022; Email: [emailprotected]. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About Galmed Pharmaceuticals Ltd. Galmed Pharmaceuticals Ltd. is a clinical stage drug development biopharmaceutical company for liver, metabolic and inflammatory diseases. Our lead compound, Aramchol, a backbone drug candidate for the treatment of NASH and fibrosis is currently in a Phase 3 registrational study. We are also collaborating with the Hebrew University in the development of Amilo-5MER, a 5 amino acid synthetic peptide and plan to initiate a first in human study during the first quarter of 2021. Forward-Looking Statements This press release may include forward-looking statements. Forward-looking statements may include, but are not limited to, statements relating to Galmed's objectives, plans and strategies, as well as statements, other than historical facts, that address activities, events or developments that Galmed intends, expects, projects, believes or anticipates will or may occur in the future, including statements relating to the offering, including as to the consummation of the offering described above, the expected proceeds from the offering, the intended use of proceeds and the timing of the closing of the offering. These statements are often characterized by terminology such as "believes," "hopes," "may," "anticipates," "should," "intends," "plans," "will," "expects," "estimates," "projects," "positioned," "strategy" and similar expressions and are based on assumptions and assessments made in light of management's experience and perception of historical trends, current conditions, expected future developments and other factors believed to be appropriate. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. Many factors could cause Galmed's actual activities or results to differ materially from the activities and results anticipated in forward-looking statements, including, but not limited to, the following: market and other conditions; the timing and cost of Galmed's pivotal Phase 3 ARMOR trial, or the ARMOR Study or any other pre-clinical or clinical trials; completion and receiving favorable results of the ARMOR Study for Aramchol or any other pre-clinical or clinical trial; the impact of the COVID-19 pandemic; regulatory action with respect to Aramchol or any other product candidate by the FDA or the EMA; the commercial launch and future sales of Aramchol or any other future products or product candidates; Galmed's ability to comply with all applicable post-market regulatory requirements for Aramchol or any other product candidate in the countries in which it seeks to market the product; Galmed's ability to achieve favorable pricing for Aramchol or any other product candidate; Galmed's expectations regarding the commercial market for NASH patients or any other indication; third-party payor reimbursement for Aramchol or any other product candidate; Galmed's estimates regarding anticipated capital requirements and Galmed's needs for additional financing; market adoption of Aramchol or any other product candidate by physicians and patients; the timing, cost or other aspects of the commercial launch of Aramchol or any other product candidate; the development and approval of the use of Aramchol or any other product candidate for additional indications or in combination therapy; and Galmed's expectations regarding licensing, acquisitions and strategic operations. More detailed information about the risks and uncertainties affecting Galmed is contained under the heading "Risk Factors" included in Galmed's most recent Annual Report on Form 20-F filed with the SEC on March 12, 2020, the Preliminary Prospectus filed with the SEC on February 16, 2021, the Report on Form 6-K filed with the SEC on February 16, 2021 and in other filings that Galmed has made and may make with the SEC in the future. The forward-looking statements contained in this press release are made as of the date of this press release and reflect Galmed's current views with respect to future events, and Galmed does not undertake and specifically disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. SOURCE Galmed Pharmaceuticals Ltd.
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: SAN MATEO, Calif.--(BUSINESS WIRE)--Roblox, a global online platform bringing millions of people together through play, announced today the acquisition of Loom.ai, a privately-held company specializing in real-time facial animation technology for 3D avatars, using deep learning, computer vision, and VFX. We believe as people share experiences virtually, their avatars should have the ability to express a full range of emotions, said David Baszucki, CEO of Roblox. Loom.ai will accelerate making human co-experiences more immersive and personal, adding world-class facial animation technology as part of Robloxs efforts to provide expressive emotive actions to avatars that will enable deeper connections for our community. With the team and technology behind Loom.ai, Roblox will accelerate the development of next-generation avatars. Loom.ais technology enables immersive social experiences, allowing players to show their emotions and facial expressions in life-like ways. Roblox players can imagine watching their favorite music artist singing with facial expressions during a virtual concert or communicating with friends in a life-like, interactive way when playing together on the platform. From our very first meeting with David Baszucki, it was clear we share a vision where art and engineering meet to create an exciting range of personalized avatars and characters, said Kiran Bhat, co-founder of Loom.ai. We will continue our work on that vision to bring real-time and real-life emotions to every Roblox avatar. Were thrilled to join forces with Roblox to bring real-time facial expressions to the 36 million Roblox avatars playing every day in the metaverse, said Mahesh Ramasubramanian, co-founder of Loom.ai. Roblox has created an incredible community, and we see a perfect fit for Loom.ais advanced 3D avatar technologies to bring shared experiences to the next level. About Roblox Robloxs mission is to build a human co-experience platform that enables shared experiences among billions of users. Every day, more than 36 million people around the world have fun with friends as they explore millions of immersive digital experiences. All of these experiences are built by the Roblox community, made up of over five million creators. We believe in building a safe, civil, and diverse communityone that inspires and fosters creativity and positive relationships between people around the world. For more information, please visit corp.roblox.com. Answer:
Roblox Acquires Loom.ai, Accelerating Development of Avatar Realism and Emotions
SAN MATEO, Calif.--(BUSINESS WIRE)--Roblox, a global online platform bringing millions of people together through play, announced today the acquisition of Loom.ai, a privately-held company specializing in real-time facial animation technology for 3D avatars, using deep learning, computer vision, and VFX. We believe as people share experiences virtually, their avatars should have the ability to express a full range of emotions, said David Baszucki, CEO of Roblox. Loom.ai will accelerate making human co-experiences more immersive and personal, adding world-class facial animation technology as part of Robloxs efforts to provide expressive emotive actions to avatars that will enable deeper connections for our community. With the team and technology behind Loom.ai, Roblox will accelerate the development of next-generation avatars. Loom.ais technology enables immersive social experiences, allowing players to show their emotions and facial expressions in life-like ways. Roblox players can imagine watching their favorite music artist singing with facial expressions during a virtual concert or communicating with friends in a life-like, interactive way when playing together on the platform. From our very first meeting with David Baszucki, it was clear we share a vision where art and engineering meet to create an exciting range of personalized avatars and characters, said Kiran Bhat, co-founder of Loom.ai. We will continue our work on that vision to bring real-time and real-life emotions to every Roblox avatar. Were thrilled to join forces with Roblox to bring real-time facial expressions to the 36 million Roblox avatars playing every day in the metaverse, said Mahesh Ramasubramanian, co-founder of Loom.ai. Roblox has created an incredible community, and we see a perfect fit for Loom.ais advanced 3D avatar technologies to bring shared experiences to the next level. About Roblox Robloxs mission is to build a human co-experience platform that enables shared experiences among billions of users. Every day, more than 36 million people around the world have fun with friends as they explore millions of immersive digital experiences. All of these experiences are built by the Roblox community, made up of over five million creators. We believe in building a safe, civil, and diverse communityone that inspires and fosters creativity and positive relationships between people around the world. For more information, please visit corp.roblox.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: MADRID, Nov. 16, 2020 /PRNewswire/ --Bitergia, the software development analytics company, announced today that it is proud that the open source GrimoireLab tool is now used in The Linux Foundation's new LFX Insights platform. LFX Insights is the largest platform to have ever been built on top of the GrimoireLab tool, highlighting the open source success story of GrimoireLab. GrimoireLab, as part of LFX Insights: Transfers 15+ years' experience with open source community metrics Serves 1,000+ enterprise companies Analyzes 69 Linux Foundation projects History of GrimoireLab Bitergia initially developed GrimoireLab to better serve customers with metric strategy because existing tools lacked critical features for analyzing open source communities. In 2017, Bitergia donated GrimoireLab to the newly formed Linux Foundation project: CHAOSS Community Health Analytics Open Source Software. From there, GrimoireLab grew brand recognition, adoption, and new contributors. "GrimoireLab's goal is to be the standard for open source community metrics." Bitergia CEO, Manrique Lopez. Other platforms built with GrimoireLab CROSSMINER is a European Commission funded research project to support the evidence-based selection of open source projects. Cauldron.io is a research project funded by the European Regional Development Fund and the Spanish State Research Agency to build a SaaS platform for users who want quick metrics about their open source communities. "Cauldron.io builds on GrimoireLab and is free for everyone to analyze open source communities," says Jesus M. Gonzalez-Barahona, Professor at the Universidad Rey Juan Carlos. "We tremendously improved the usability of GrimoireLab through Cauldron.io." Why GrimoireLab is popular GrimoireLab provides a holistic picture of an open source community by collecting data from 30+ different data sources, such as GitHub, GitLab, Discourse, mailing lists, Slack, Twitter and StackOverflow. A core feature of GrimoireLab allows connecting contributions to organizations and managing contributors' information who use different emails and usernames. These features make GrimoireLab the default option for open source community metrics. About Bitergia Bitergia is the market leader in open source community metrics and software development analytics with 15+ years' experience of helping companies and organizations to understand the software development projects that matter to them by developing effective metric strategies. Website: https://bitergia.com The Linux Foundation has registered trademarks that it uses, including CHAOSS and GrimoireLab. For a list of trademarks held by The Linux Foundation, please see its trademark usage page: www.linuxfoundation.org/trademark-usage. Media Contact Ana Jimenez SantamariaBitergia[emailprotected] SOURCE Bitergia Answer:
GrimoireLab grows up to power The Linux Foundation's LFX Insights platform USA - English France - Franais Deutschland - Deutsch
MADRID, Nov. 16, 2020 /PRNewswire/ --Bitergia, the software development analytics company, announced today that it is proud that the open source GrimoireLab tool is now used in The Linux Foundation's new LFX Insights platform. LFX Insights is the largest platform to have ever been built on top of the GrimoireLab tool, highlighting the open source success story of GrimoireLab. GrimoireLab, as part of LFX Insights: Transfers 15+ years' experience with open source community metrics Serves 1,000+ enterprise companies Analyzes 69 Linux Foundation projects History of GrimoireLab Bitergia initially developed GrimoireLab to better serve customers with metric strategy because existing tools lacked critical features for analyzing open source communities. In 2017, Bitergia donated GrimoireLab to the newly formed Linux Foundation project: CHAOSS Community Health Analytics Open Source Software. From there, GrimoireLab grew brand recognition, adoption, and new contributors. "GrimoireLab's goal is to be the standard for open source community metrics." Bitergia CEO, Manrique Lopez. Other platforms built with GrimoireLab CROSSMINER is a European Commission funded research project to support the evidence-based selection of open source projects. Cauldron.io is a research project funded by the European Regional Development Fund and the Spanish State Research Agency to build a SaaS platform for users who want quick metrics about their open source communities. "Cauldron.io builds on GrimoireLab and is free for everyone to analyze open source communities," says Jesus M. Gonzalez-Barahona, Professor at the Universidad Rey Juan Carlos. "We tremendously improved the usability of GrimoireLab through Cauldron.io." Why GrimoireLab is popular GrimoireLab provides a holistic picture of an open source community by collecting data from 30+ different data sources, such as GitHub, GitLab, Discourse, mailing lists, Slack, Twitter and StackOverflow. A core feature of GrimoireLab allows connecting contributions to organizations and managing contributors' information who use different emails and usernames. These features make GrimoireLab the default option for open source community metrics. About Bitergia Bitergia is the market leader in open source community metrics and software development analytics with 15+ years' experience of helping companies and organizations to understand the software development projects that matter to them by developing effective metric strategies. Website: https://bitergia.com The Linux Foundation has registered trademarks that it uses, including CHAOSS and GrimoireLab. For a list of trademarks held by The Linux Foundation, please see its trademark usage page: www.linuxfoundation.org/trademark-usage. Media Contact Ana Jimenez SantamariaBitergia[emailprotected] SOURCE Bitergia
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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: CARLSBAD, Calif., Aug. 7, 2020 /PRNewswire/ -- NTN Buzztime, Inc. (NYSE American: NTN) reported financial resultsfor the second quarter ended June 30, 2020. "The negative impact of the COVID-19 pandemic on our customers was abrupt and substantial, and it had a ripple-effect on our business. As a result, we took action to significantly reduce our operating costs," saidAllen Wolff, CEO. "We have been focused on cash management and exploring and evaluating strategic alternatives." Financial Results For the second quarter 2020, total revenues were $754,000, compared to $5.2 million for the second quarter of 2019. The decrease reflects reduced site count and the impact of the COVID-19 pandemic on the company's business as a substantial number of the bars and restaurants that subscribe to the company's network suspended their subscriptions for at least a portion of the current year period. Through corporate restructuring and cost reductions, second quarter 2020 operating expense decreased to $2.4 million, from $5.2 million for the second quarter of 2019. Second quarter 2020 net loss attributable to common shareholders was $2.0 million, including $100,000 in capitalized software impairments, or $0.69 per share, compared to $98,000, or $0.03 per share, for the prior year quarter. Liquidity Cash, cash equivalents and unrestricted cash was $2.2 million at June 30, 2020, compared to $2.2 million at March 31, 2020 and $3.2 million at December 31, 2019.In April 2020, the company received $1.6 million under the Paycheck Protection Program of the CARES Act. At June 30, 2020, the principal balance of the company's term loan with its primary lender was $1.6 million, and working capital was $894,000. For additional information regarding the company's liquidity and capital resources, please see the company's quarterly report on Form 10-Q expected to be filed with the SEC today. The company will not be hosting an earnings call for the recently completed quarter. The company's limited resources are being directed toward managing operations and liquidity in light of the substantial impact of the COVID-19 pandemic on its business and on exploring and evaluating strategic alternatives. No assurance are, or can be given, that a definitive agreement for a strategic transaction will result from the company's strategic process, or that even if such agreement is entered into, that the potential transaction will be consummated. Forward-looking StatementsThis release may contain forward-looking statements that reflect management's current views of future events and operations, including challenges that we and our customers will face related to the COVID-19 pandemic and the potential meaningfulness of our product platform to our customers as they or if they re-open their businesses. Among the factors that could cause or contribute to material differences between our actual results and the expectations indicated by the forward-looking statements are risks and uncertainties that include, but are not limited to: (1) our ability to raise substantial capital in the very near-term to allow us to maintain operations and sustain the negative impact of the COVID-19 pandemic on our business and financial condition, and if we are able to sustain such impact, our ability to recover from the impact; (2) our ability to successfully manage our liquidity and our working capital deficit by managing the timing of payments to our third parties; (3) our ability to comply with our financial covenants in our loan and security agreement with Avidbank and its right to declare a default if we do not, which could lead to all payment obligations becoming immediately due and payable and which could lead to a foreclosure on our assets; (4) when, and the extent to which, the negative impact of the pandemic will improve, including when restaurants will be permitted to offer on-site dining or when bars will be permitted to re-open and to what degree, when our customers will re-open, or if they will subscribe to our service if and when they do; (5) the negative impact that measures we implemented and may implement to reduce our operating expenses and planned capital expenses (including investments in our business) may have on our ability to effectively manage and operate our business; (6) our ability to maintain or grow our revenue; (7) with respect to our strategic process, the risk that we may not enter into a definitive agreement for a potential transaction or, if we do, that the potential transaction will not be completed; (8) our ability to compete effectively within the highly competitive interactive games, entertainment and marketing services industries, including our ability to successfully commercially launch attractive product offerings, and the impact of new products and technological change, especially in the mobile and wireless markets, on our operations and competitiveness; (9) our ability to adequately protect our proprietary rights and intellectual property ; and (10) the other risks and uncertainties described in Part I, Item 1A "Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and described in other documents we filed or file from time to time with the Securities and Exchange Commission thereafter, including in our Current Reports on Form 8-K filed with the SEC on March 30, 2020 and April 21, 2020, and our Quarterly Reports on Form 10-Q for each of the quarters ended March 31, 2020 and June 30, 2020. Please see our filings with the SEC for information about these and other risks that may affect us. All forward-looking statements included in this release are based on information available to us on the date hereof. These statements speak only as of the date hereof and NTN Buzztime, Inc. does not undertake to publicly update or revise any of its forward-looking statements, even if experience or future changes show that the indicated results or events will not be realized. About Buzztime:Buzztime (NYSE American: NTN) delivers interactive entertainment and innovative technology that helps its customers acquire, engage and retain its patrons. Most frequently used in bars and restaurants in North America, the Buzztime tablets, mobile app and technology offer engaging solutions to establishments that have guests who experience dwell time, such as casinos, senior living, and more. Casual dining venues license Buzztime's customizable solution to differentiate themselves via competitive fun by offering guests trivia, card, sports and arcade games. Buzztime's platform creates connections among the players and venues and amplifies guests' positive experiences. Buzztime's in-venue TV network creates one of the largest digital out of home ad audiences in the US and Canada. Buzztime hardware solutions leverages the company's experience manufacturing durable tablets and charging systems, enabling a diverse group of businesses including corrections, point-of-sale and loyalty with product implementation. Buzztime games have also been recently licensed by other businesses serving other markets. For more information, please visithttp://www.buzztime.com. IR AGENCY CONTACT: Kirsten Chapman, LHA Investor Relations, [emailprotected] 415-433-3777 NTN BUZZTIME, INC. AND SUBSIDIARIES Consolidated Balance Sheets (In thousands, except par value amount) ASSETS June 30,2020 December 31,2019 Current Assets: (unaudited) Cash and cash equivalents $ 2,234 $ 3,209 Restricted cash 201 50 Accounts receivable, net 186 1,195 Site equipment to be installed 1,132 1,090 Prepaid expenses and other current assets 336 526 Total current assets 4,089 6,070 Restricted cash, long-term -- 150 Operating lease right-of-use assets 44 2,101 Fixed assets, net 928 2,822 Software development costs, net 1,515 1,915 Deferred costs 152 274 Goodwill -- 696 Other assets 62 97 Total assets $ 6,790 $ 14,125 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Accounts payable $ 397 $ 835 Accrued compensation 116 588 Accrued expenses 385 490 Sales taxes payable -- 131 Income taxes payable 15 3 Current portion of long-term debt 1,620 2,739 Current portion of obligations under operating leases 28 409 Current portion of obligations under financing leases 24 21 Current portion of deferred revenue 377 460 Other current liabilities 233 419 Total current liabilities 3,195 6,095 Long-term debt 1,625 -- Obligations under operating leases 18 2,891 Obligations under financing leases 9 20 Deferred revenue 1 2 Other liabilities 11 26 Total liabilities 4,859 9,034 Commitments and contingencies Shareholders' equity: Series A 10% cumulative convertible preferred stock, $0.005 par value, $156 liquidation preference, 156 shares authorized; 156 shares issued and outstanding at June 30, 2020 and December 31, 2019 1 1 Common stock, $0.005 par value, 15,000 shares authorized at June 30, 2020 and December 31, 2019; 2,938 and 2,901 shares issued at June, 2020 and December 31, 2019, respectively 15 14 Treasury stock, at cost, 10 shares at June 30, 2020 and December 31, 2019 (456) (456) Additional paid-in capital 136,837 136,721 Accumulated deficit (134,706) (131,457) Accumulated other comprehensive income 240 268 Total shareholders' equity 1,931 5,091 Total liabilities and shareholders' equity $ 6,790 $ 14,125 NTN BUZZTIME, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (unaudited) (In thousands, except per share data) Three months endedJune 30, Six months endedJune 30, 2020 2019 2020 2019 Revenues Subscription revenue $ 727 $ 3,800 $ 2,726 $ 7,633 Hardware revenue 26 595 42 800 Other revenue 1 831 380 1,625 Total revenues 754 5,226 3,148 10,058 Operating expenses: Direct operating costs (includes depreciation and amortization) 613 1,717 1,563 3,201 Selling, general and administrative 1,595 3,422 4,675 6,891 Impairment of capitalized software 100 -- 238 1 Impairment of goodwill -- -- 662 -- Depreciation and amortization (excluding depreciation and amortization included in direct costs 78 89 163 185 Total operating expenses 2,386 5,228 7,301 10,277 Operating loss (1,632) (2) (4,153) (219) Other (expense) income, net (376) (88) 908 (173) Loss before income taxes (2,008) (90) (3,245) (392) Income tax (provision) benefit (15) -- 4 (11) Net loss (2,023) (90) (3,241) (403) Series A preferred stock dividend (8) (8) (8) (8) Net loss attributable to common shareholders $ (2,031) $ (98) $ (3,249) $ (411) Net loss per common share basic and diluted $ (0.69) $ (0.03) $ (1.12) $ (0.14) Weighted average shares outstanding basic and diluted 2,925 2,870 2,913 2,868 Comprehensive loss: Net loss $ (2,023) $ (98) $ (3,241) $ (403) Foreign currency translations adjustment 76 32 (28) 65 Total comprehensive loss $ (1,947) $ (58) $ (3,269) $ (338) NTN BUZZTIME, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (In thousands) Six months endedJune 30, 2020 2019 Cash flows (used in) provided by operating activities: Net loss $ (3,241) $ (403) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 1,058 1,454 Provision for doubtful accounts 133 27 Amortization of operating lease right-of-use assets 146 144 Common stock issued for compensation in lieu of cash payment 61 -- Transfer of fixed assets to sales-type lease -- 6 Stock-based compensation 82 109 Gain from the asset sale of Stump! Trivia and OpinioNation (1,265) -- Gain from the termination of operating lease $ (8) -- Loss from the disposition or sale of assets 502 19 Loss from impairment of capitalized software 238 1 Loss from impairment of goodwill 662 -- Amortization of debt issuance costs 9 5 Changes in assets and liabilities: Accounts receivable 975 384 Site equipment to be installed (286) 465 Operating lease liabilities (120) (58) Prepaid expenses and other liabilities 190 12 Accounts payable and accrued expenses (1,436) (20) Income taxes 13 (10) Deferred costs 122 47 Deferred revenue (84) (866) Other liabilities (201) 23 Net cash (used in) provided by operating activities (2,450) 1,339 Cash flows used in investing activities: Capital expenditures (20) (79) Capitalized software development expenditures (130) (639) Net cash used in investing activities (150) (718) Cash flows provided by (used in) financing activities: Net proceeds from the sale of Stump! Trivia and OpinoNation 1,166 -- Proceeds on long-term debt 1,625 -- Payment on long-term debt (1,125) (417) Debt issuance costs on long-term debt (3) -- Principal payments on financing leases (8) (30) Payment of preferred stockholder dividends (8) (8) Payroll taxes remitted on net share settlement of equity awards (27) (13) Net cash provided by (used in) financing activities 1,620 (468) Effect of exchange rate on cash 6 39 Net (decrease) increase in cash and cash equivalents (974) 192 Cash, cash equivalents and restricted cash at beginning of period 3,409 2,786 Cash, cash equivalents and restricted cash at end of period 2,435 2,978 SOURCE NTN Buzztime, Inc. Related Links http://www.buzztime.com Answer:
NTN Buzztime, Inc. Reports Second Quarter 2020 Results
CARLSBAD, Calif., Aug. 7, 2020 /PRNewswire/ -- NTN Buzztime, Inc. (NYSE American: NTN) reported financial resultsfor the second quarter ended June 30, 2020. "The negative impact of the COVID-19 pandemic on our customers was abrupt and substantial, and it had a ripple-effect on our business. As a result, we took action to significantly reduce our operating costs," saidAllen Wolff, CEO. "We have been focused on cash management and exploring and evaluating strategic alternatives." Financial Results For the second quarter 2020, total revenues were $754,000, compared to $5.2 million for the second quarter of 2019. The decrease reflects reduced site count and the impact of the COVID-19 pandemic on the company's business as a substantial number of the bars and restaurants that subscribe to the company's network suspended their subscriptions for at least a portion of the current year period. Through corporate restructuring and cost reductions, second quarter 2020 operating expense decreased to $2.4 million, from $5.2 million for the second quarter of 2019. Second quarter 2020 net loss attributable to common shareholders was $2.0 million, including $100,000 in capitalized software impairments, or $0.69 per share, compared to $98,000, or $0.03 per share, for the prior year quarter. Liquidity Cash, cash equivalents and unrestricted cash was $2.2 million at June 30, 2020, compared to $2.2 million at March 31, 2020 and $3.2 million at December 31, 2019.In April 2020, the company received $1.6 million under the Paycheck Protection Program of the CARES Act. At June 30, 2020, the principal balance of the company's term loan with its primary lender was $1.6 million, and working capital was $894,000. For additional information regarding the company's liquidity and capital resources, please see the company's quarterly report on Form 10-Q expected to be filed with the SEC today. The company will not be hosting an earnings call for the recently completed quarter. The company's limited resources are being directed toward managing operations and liquidity in light of the substantial impact of the COVID-19 pandemic on its business and on exploring and evaluating strategic alternatives. No assurance are, or can be given, that a definitive agreement for a strategic transaction will result from the company's strategic process, or that even if such agreement is entered into, that the potential transaction will be consummated. Forward-looking StatementsThis release may contain forward-looking statements that reflect management's current views of future events and operations, including challenges that we and our customers will face related to the COVID-19 pandemic and the potential meaningfulness of our product platform to our customers as they or if they re-open their businesses. Among the factors that could cause or contribute to material differences between our actual results and the expectations indicated by the forward-looking statements are risks and uncertainties that include, but are not limited to: (1) our ability to raise substantial capital in the very near-term to allow us to maintain operations and sustain the negative impact of the COVID-19 pandemic on our business and financial condition, and if we are able to sustain such impact, our ability to recover from the impact; (2) our ability to successfully manage our liquidity and our working capital deficit by managing the timing of payments to our third parties; (3) our ability to comply with our financial covenants in our loan and security agreement with Avidbank and its right to declare a default if we do not, which could lead to all payment obligations becoming immediately due and payable and which could lead to a foreclosure on our assets; (4) when, and the extent to which, the negative impact of the pandemic will improve, including when restaurants will be permitted to offer on-site dining or when bars will be permitted to re-open and to what degree, when our customers will re-open, or if they will subscribe to our service if and when they do; (5) the negative impact that measures we implemented and may implement to reduce our operating expenses and planned capital expenses (including investments in our business) may have on our ability to effectively manage and operate our business; (6) our ability to maintain or grow our revenue; (7) with respect to our strategic process, the risk that we may not enter into a definitive agreement for a potential transaction or, if we do, that the potential transaction will not be completed; (8) our ability to compete effectively within the highly competitive interactive games, entertainment and marketing services industries, including our ability to successfully commercially launch attractive product offerings, and the impact of new products and technological change, especially in the mobile and wireless markets, on our operations and competitiveness; (9) our ability to adequately protect our proprietary rights and intellectual property ; and (10) the other risks and uncertainties described in Part I, Item 1A "Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and described in other documents we filed or file from time to time with the Securities and Exchange Commission thereafter, including in our Current Reports on Form 8-K filed with the SEC on March 30, 2020 and April 21, 2020, and our Quarterly Reports on Form 10-Q for each of the quarters ended March 31, 2020 and June 30, 2020. Please see our filings with the SEC for information about these and other risks that may affect us. All forward-looking statements included in this release are based on information available to us on the date hereof. These statements speak only as of the date hereof and NTN Buzztime, Inc. does not undertake to publicly update or revise any of its forward-looking statements, even if experience or future changes show that the indicated results or events will not be realized. About Buzztime:Buzztime (NYSE American: NTN) delivers interactive entertainment and innovative technology that helps its customers acquire, engage and retain its patrons. Most frequently used in bars and restaurants in North America, the Buzztime tablets, mobile app and technology offer engaging solutions to establishments that have guests who experience dwell time, such as casinos, senior living, and more. Casual dining venues license Buzztime's customizable solution to differentiate themselves via competitive fun by offering guests trivia, card, sports and arcade games. Buzztime's platform creates connections among the players and venues and amplifies guests' positive experiences. Buzztime's in-venue TV network creates one of the largest digital out of home ad audiences in the US and Canada. Buzztime hardware solutions leverages the company's experience manufacturing durable tablets and charging systems, enabling a diverse group of businesses including corrections, point-of-sale and loyalty with product implementation. Buzztime games have also been recently licensed by other businesses serving other markets. For more information, please visithttp://www.buzztime.com. IR AGENCY CONTACT: Kirsten Chapman, LHA Investor Relations, [emailprotected] 415-433-3777 NTN BUZZTIME, INC. AND SUBSIDIARIES Consolidated Balance Sheets (In thousands, except par value amount) ASSETS June 30,2020 December 31,2019 Current Assets: (unaudited) Cash and cash equivalents $ 2,234 $ 3,209 Restricted cash 201 50 Accounts receivable, net 186 1,195 Site equipment to be installed 1,132 1,090 Prepaid expenses and other current assets 336 526 Total current assets 4,089 6,070 Restricted cash, long-term -- 150 Operating lease right-of-use assets 44 2,101 Fixed assets, net 928 2,822 Software development costs, net 1,515 1,915 Deferred costs 152 274 Goodwill -- 696 Other assets 62 97 Total assets $ 6,790 $ 14,125 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Accounts payable $ 397 $ 835 Accrued compensation 116 588 Accrued expenses 385 490 Sales taxes payable -- 131 Income taxes payable 15 3 Current portion of long-term debt 1,620 2,739 Current portion of obligations under operating leases 28 409 Current portion of obligations under financing leases 24 21 Current portion of deferred revenue 377 460 Other current liabilities 233 419 Total current liabilities 3,195 6,095 Long-term debt 1,625 -- Obligations under operating leases 18 2,891 Obligations under financing leases 9 20 Deferred revenue 1 2 Other liabilities 11 26 Total liabilities 4,859 9,034 Commitments and contingencies Shareholders' equity: Series A 10% cumulative convertible preferred stock, $0.005 par value, $156 liquidation preference, 156 shares authorized; 156 shares issued and outstanding at June 30, 2020 and December 31, 2019 1 1 Common stock, $0.005 par value, 15,000 shares authorized at June 30, 2020 and December 31, 2019; 2,938 and 2,901 shares issued at June, 2020 and December 31, 2019, respectively 15 14 Treasury stock, at cost, 10 shares at June 30, 2020 and December 31, 2019 (456) (456) Additional paid-in capital 136,837 136,721 Accumulated deficit (134,706) (131,457) Accumulated other comprehensive income 240 268 Total shareholders' equity 1,931 5,091 Total liabilities and shareholders' equity $ 6,790 $ 14,125 NTN BUZZTIME, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (unaudited) (In thousands, except per share data) Three months endedJune 30, Six months endedJune 30, 2020 2019 2020 2019 Revenues Subscription revenue $ 727 $ 3,800 $ 2,726 $ 7,633 Hardware revenue 26 595 42 800 Other revenue 1 831 380 1,625 Total revenues 754 5,226 3,148 10,058 Operating expenses: Direct operating costs (includes depreciation and amortization) 613 1,717 1,563 3,201 Selling, general and administrative 1,595 3,422 4,675 6,891 Impairment of capitalized software 100 -- 238 1 Impairment of goodwill -- -- 662 -- Depreciation and amortization (excluding depreciation and amortization included in direct costs 78 89 163 185 Total operating expenses 2,386 5,228 7,301 10,277 Operating loss (1,632) (2) (4,153) (219) Other (expense) income, net (376) (88) 908 (173) Loss before income taxes (2,008) (90) (3,245) (392) Income tax (provision) benefit (15) -- 4 (11) Net loss (2,023) (90) (3,241) (403) Series A preferred stock dividend (8) (8) (8) (8) Net loss attributable to common shareholders $ (2,031) $ (98) $ (3,249) $ (411) Net loss per common share basic and diluted $ (0.69) $ (0.03) $ (1.12) $ (0.14) Weighted average shares outstanding basic and diluted 2,925 2,870 2,913 2,868 Comprehensive loss: Net loss $ (2,023) $ (98) $ (3,241) $ (403) Foreign currency translations adjustment 76 32 (28) 65 Total comprehensive loss $ (1,947) $ (58) $ (3,269) $ (338) NTN BUZZTIME, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (In thousands) Six months endedJune 30, 2020 2019 Cash flows (used in) provided by operating activities: Net loss $ (3,241) $ (403) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 1,058 1,454 Provision for doubtful accounts 133 27 Amortization of operating lease right-of-use assets 146 144 Common stock issued for compensation in lieu of cash payment 61 -- Transfer of fixed assets to sales-type lease -- 6 Stock-based compensation 82 109 Gain from the asset sale of Stump! Trivia and OpinioNation (1,265) -- Gain from the termination of operating lease $ (8) -- Loss from the disposition or sale of assets 502 19 Loss from impairment of capitalized software 238 1 Loss from impairment of goodwill 662 -- Amortization of debt issuance costs 9 5 Changes in assets and liabilities: Accounts receivable 975 384 Site equipment to be installed (286) 465 Operating lease liabilities (120) (58) Prepaid expenses and other liabilities 190 12 Accounts payable and accrued expenses (1,436) (20) Income taxes 13 (10) Deferred costs 122 47 Deferred revenue (84) (866) Other liabilities (201) 23 Net cash (used in) provided by operating activities (2,450) 1,339 Cash flows used in investing activities: Capital expenditures (20) (79) Capitalized software development expenditures (130) (639) Net cash used in investing activities (150) (718) Cash flows provided by (used in) financing activities: Net proceeds from the sale of Stump! Trivia and OpinoNation 1,166 -- Proceeds on long-term debt 1,625 -- Payment on long-term debt (1,125) (417) Debt issuance costs on long-term debt (3) -- Principal payments on financing leases (8) (30) Payment of preferred stockholder dividends (8) (8) Payroll taxes remitted on net share settlement of equity awards (27) (13) Net cash provided by (used in) financing activities 1,620 (468) Effect of exchange rate on cash 6 39 Net (decrease) increase in cash and cash equivalents (974) 192 Cash, cash equivalents and restricted cash at beginning of period 3,409 2,786 Cash, cash equivalents and restricted cash at end of period 2,435 2,978 SOURCE NTN Buzztime, Inc. Related Links http://www.buzztime.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 DIEGO--(BUSINESS WIRE)--Applied Data Finance, LLC (ADF), a leading technology-enabled lender and asset manager, announced today that it has closed a $14.2 million capital raise led by existing investors. The capital was raised through the issuance of convertible notes that, at the purchasers election, can be converted into preferred stock of the company. The notes mature in July 2023. Through its Personify Financial online lending platform, ADF provides unsecured personal loans to consumers often overlooked by traditional financial institutions. This new capital will drive ADFs continued growth and allow the company to serve more underbanked individuals in need of straightforward, affordable loans. Finalizing this capital deal in a difficult economic environment demonstrates the strength of the platform and positions ADF to be successful in 2021 and beyond, said Krishna Gopinathan, Co-Founder and Chief Executive Officer of ADF. Our ability to select economically resilient consumers has enabled the creation of a solid loan book built to grow profitably in virtually any economy. Founded in 2014, ADF and its partner bank have together lent over $560 million to 160,000 consumers and has grown to almost 300 employees with offices in San Diego and Chennai, India. Earlier this year, ADF ranked #8 on The Financial Times The Americas Fastest Growing Companies 2020 list and second overall in the Fintech category. Inc. Magazine also ranked ADF #345 on its annual Inc. 5000 list. These lists are considered the premier recognition of the most successful independent small businesses. About Applied Data Finance ADF, through its Personify Financial brand, is the trusted financial partner for thousands of underestimated under-banked consumers. Combining state-of-the-art technology and world-class application of advanced data science and machine learning, ADF is setting a new standard for assessing non-prime borrower credit and fraud risk. Learn more at www.applieddatafinance.com and www.personifyfinancial.com. Answer:
Applied Data Finance Closes $14.2 Million Capital Raise
SAN DIEGO--(BUSINESS WIRE)--Applied Data Finance, LLC (ADF), a leading technology-enabled lender and asset manager, announced today that it has closed a $14.2 million capital raise led by existing investors. The capital was raised through the issuance of convertible notes that, at the purchasers election, can be converted into preferred stock of the company. The notes mature in July 2023. Through its Personify Financial online lending platform, ADF provides unsecured personal loans to consumers often overlooked by traditional financial institutions. This new capital will drive ADFs continued growth and allow the company to serve more underbanked individuals in need of straightforward, affordable loans. Finalizing this capital deal in a difficult economic environment demonstrates the strength of the platform and positions ADF to be successful in 2021 and beyond, said Krishna Gopinathan, Co-Founder and Chief Executive Officer of ADF. Our ability to select economically resilient consumers has enabled the creation of a solid loan book built to grow profitably in virtually any economy. Founded in 2014, ADF and its partner bank have together lent over $560 million to 160,000 consumers and has grown to almost 300 employees with offices in San Diego and Chennai, India. Earlier this year, ADF ranked #8 on The Financial Times The Americas Fastest Growing Companies 2020 list and second overall in the Fintech category. Inc. Magazine also ranked ADF #345 on its annual Inc. 5000 list. These lists are considered the premier recognition of the most successful independent small businesses. About Applied Data Finance ADF, through its Personify Financial brand, is the trusted financial partner for thousands of underestimated under-banked consumers. Combining state-of-the-art technology and world-class application of advanced data science and machine learning, ADF is setting a new standard for assessing non-prime borrower credit and fraud risk. Learn more at www.applieddatafinance.com and www.personifyfinancial.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: PALO ALTO, Calif.--(BUSINESS WIRE)--NTT Research, Inc., a division of NTT (TYO:9432), today announced that its Cryptography and Information Security (CIS) Lab has reached a joint research agreement with Stanford University. The four-year agreement with Stanford covers basic and fundamental research topics of cryptography and blockchain. The principal investigator will be Dr. Dan Boneh, professor of computer science and electrical engineering and co-director of the Stanford Computer Security Lab at Stanford University. One of three divisions at NTT Research, the CIS Lab is engaged in basic research of cryptography with the potential for long-term impact. Directed by NTT Fellow Tatsuaki Okamoto, the CIS Lab is focused on foundational research problems in cryptography and blockchain. NTT Research Distinguished Scientist Brent Waters, who heads the CIS Labs cryptography research group, as well as NTT Research Senior Scientist Hoeteck Wee, will be involved in the cryptography research with Stanford. Dr. Shinichiro Matsuo, a research professor at Georgetown University who heads the CIS Labs blockchain group at NTT Research, will be involved in the joint research with Stanford on blockchain. Professor Boneh, who also heads the applied cryptography group at Stanford, focuses his research on applications of cryptography to computer security. His work includes cryptosystems with novel properties, security for mobile devices, web security and cryptoanalysis. He is the author of more than 150 publications in the field and a recipient of the 2014 Association for Computing Machinery (ACM) prize (for ground-breaking contributions to the development of pairing-based cryptography and its application in identity-based encryption), the 2013 Godel prize, the RSA award in mathematics, and six best paper awards. In 2016, Dr. Boneh was elected to the National Academy of Engineering. The NTT Research CIS Lab is tremendously fortunate to be engaging with some of the worlds leading academics, as we continue to focus on foundational research problems, said CIS Lab Director Okamoto. We are looking forward to seeing the collaboration between Professor Boneh and his counterparts in the CIS Lab. The scope of work for the four-year agreement with Stanford includes several important areas of basic research in cryptography and blockchain. This is a great opportunity to collaborate with a skilled group of computer scientists and a team that is willing to address questions that have yet to be answered, said Professor Boneh. We are eager to get started. NTT Research actively explores opportunities to work with experts in its three fields of study. Earlier this year, it announced a collaboration with Stanford Universitys Department of Applied Physics on a National Science Foundation (NSF)-funded initiative into Coherent Ising Machines (CIMs). In addition, last fall NTT Research entered an Industrial Partnership between its CIS Lab and the Simons Institute for the Theory of Computing at UC Berkeley; reached joint research agreements between its CIS Lab and UCLA and Georgetown; set up joint research agreements between its Physics and Informatics (PHI) Lab and six universities (CalTech, Cornell, Michigan, MIT, Stanford and Swinburne), one US Federal Agency (NASAs Ames Research Center) and one private quantum computing software company (1QBit); and reached a joint research agreement between its Medical and Informatics (MEI) Lab and the Technical University of Munich (TUM). About NTT Research NTT Research opened its Palo Alto offices in July 2019 as a new Silicon Valley startup to conduct basic research and advance technologies that promote positive change for humankind. Currently, three labs are housed at NTT Research: the Physics and Informatics (PHI) Lab, the Cryptography and Information Security (CIS) Lab, and the Medical and Health Informatics (MEI) Lab. The organization aims to upgrade reality in three areas: 1) quantum information, neuro-science and photonics; 2) cryptographic and information security; and 3) medical and health informatics. NTT Research is part of NTT, a global technology and business solutions provider with an annual R&D budget of $3.6 billion. NTT and the NTT logo are registered trademarks or trademarks of NIPPON TELEGRAPH AND TELEPHONE CORPORATION and/or its affiliates. All other referenced product names are trademarks of their respective owners. 2020 NIPPON TELEGRAPH AND TELEPHONE CORPORATION Answer:
NTT Research Collaboration Advances Cryptography and Blockchain Research NTT Research CIS Lab Focused on Information Security Announces Joint Research Agreement
PALO ALTO, Calif.--(BUSINESS WIRE)--NTT Research, Inc., a division of NTT (TYO:9432), today announced that its Cryptography and Information Security (CIS) Lab has reached a joint research agreement with Stanford University. The four-year agreement with Stanford covers basic and fundamental research topics of cryptography and blockchain. The principal investigator will be Dr. Dan Boneh, professor of computer science and electrical engineering and co-director of the Stanford Computer Security Lab at Stanford University. One of three divisions at NTT Research, the CIS Lab is engaged in basic research of cryptography with the potential for long-term impact. Directed by NTT Fellow Tatsuaki Okamoto, the CIS Lab is focused on foundational research problems in cryptography and blockchain. NTT Research Distinguished Scientist Brent Waters, who heads the CIS Labs cryptography research group, as well as NTT Research Senior Scientist Hoeteck Wee, will be involved in the cryptography research with Stanford. Dr. Shinichiro Matsuo, a research professor at Georgetown University who heads the CIS Labs blockchain group at NTT Research, will be involved in the joint research with Stanford on blockchain. Professor Boneh, who also heads the applied cryptography group at Stanford, focuses his research on applications of cryptography to computer security. His work includes cryptosystems with novel properties, security for mobile devices, web security and cryptoanalysis. He is the author of more than 150 publications in the field and a recipient of the 2014 Association for Computing Machinery (ACM) prize (for ground-breaking contributions to the development of pairing-based cryptography and its application in identity-based encryption), the 2013 Godel prize, the RSA award in mathematics, and six best paper awards. In 2016, Dr. Boneh was elected to the National Academy of Engineering. The NTT Research CIS Lab is tremendously fortunate to be engaging with some of the worlds leading academics, as we continue to focus on foundational research problems, said CIS Lab Director Okamoto. We are looking forward to seeing the collaboration between Professor Boneh and his counterparts in the CIS Lab. The scope of work for the four-year agreement with Stanford includes several important areas of basic research in cryptography and blockchain. This is a great opportunity to collaborate with a skilled group of computer scientists and a team that is willing to address questions that have yet to be answered, said Professor Boneh. We are eager to get started. NTT Research actively explores opportunities to work with experts in its three fields of study. Earlier this year, it announced a collaboration with Stanford Universitys Department of Applied Physics on a National Science Foundation (NSF)-funded initiative into Coherent Ising Machines (CIMs). In addition, last fall NTT Research entered an Industrial Partnership between its CIS Lab and the Simons Institute for the Theory of Computing at UC Berkeley; reached joint research agreements between its CIS Lab and UCLA and Georgetown; set up joint research agreements between its Physics and Informatics (PHI) Lab and six universities (CalTech, Cornell, Michigan, MIT, Stanford and Swinburne), one US Federal Agency (NASAs Ames Research Center) and one private quantum computing software company (1QBit); and reached a joint research agreement between its Medical and Informatics (MEI) Lab and the Technical University of Munich (TUM). About NTT Research NTT Research opened its Palo Alto offices in July 2019 as a new Silicon Valley startup to conduct basic research and advance technologies that promote positive change for humankind. Currently, three labs are housed at NTT Research: the Physics and Informatics (PHI) Lab, the Cryptography and Information Security (CIS) Lab, and the Medical and Health Informatics (MEI) Lab. The organization aims to upgrade reality in three areas: 1) quantum information, neuro-science and photonics; 2) cryptographic and information security; and 3) medical and health informatics. NTT Research is part of NTT, a global technology and business solutions provider with an annual R&D budget of $3.6 billion. NTT and the NTT logo are registered trademarks or trademarks of NIPPON TELEGRAPH AND TELEPHONE CORPORATION and/or its affiliates. All other referenced product names are trademarks of their respective owners. 2020 NIPPON TELEGRAPH AND TELEPHONE CORPORATION
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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)--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against QuantumScape Corporation ("QuantumScape" or "the Company") f/k/a Kensington Capital Acquisition Corp. (NYSE: QS) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired QuantumScape securities between November 27, 2020 and December 31, 2020, inclusive (the Class Period). Such investors are encouraged to join this case by visiting the firms site: www.bgandg.com/qs. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The complaint alleges that throughout the class period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) that the Companys purported success related to its solid-state battery power, battery life, and energy density were significantly overstated; (2) that the Company is unlikely to be able to scale its technology to the multi-layer cell necessary to power electric vehicles; and (3) 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. A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firms site: www.bgandg.com/qs or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in QuantumScape you have until March 8, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firms expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes. Answer:
QS Investor Alert: Bronstein, Gewirtz & Grossman, LLC Notifies QuantumScape Corporation Shareholders With Losses Exceeding $100K of Class Action and Encourages Shareholders to Contact the Firm
NEW YORK--(BUSINESS WIRE)--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against QuantumScape Corporation ("QuantumScape" or "the Company") f/k/a Kensington Capital Acquisition Corp. (NYSE: QS) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired QuantumScape securities between November 27, 2020 and December 31, 2020, inclusive (the Class Period). Such investors are encouraged to join this case by visiting the firms site: www.bgandg.com/qs. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The complaint alleges that throughout the class period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) that the Companys purported success related to its solid-state battery power, battery life, and energy density were significantly overstated; (2) that the Company is unlikely to be able to scale its technology to the multi-layer cell necessary to power electric vehicles; and (3) 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. A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firms site: www.bgandg.com/qs or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in QuantumScape you have until March 8, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firms expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
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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: ALEXANDRIA, Va., Feb. 11, 2021 /PRNewswire/ --Burke & Herbert Bank invites northern Virginia high school seniors to register for Bank Day 2021. Participating seniors can win up to $7,500 from the Virginia Bankers Association (VBA) by submitting an essay about banking, financial services, and the vital role that banks play in the community. Bank Day is a statewide program sponsored by the VBA Education Foundation. Bank Day began when the third Tuesday in March was declared Bank Day by the Virginia General Assembly in 1991. The purpose is to provide an opportunity for high school seniors to learn about banks and their role. Due to the pandemic, Bank Day will be virtual. Students will have access to an online Bank Day resource from March 15-April 2, 2021. Registrants selecting Burke & Herbert Bank as their host will receive additional resources, including a virtual opportunity to learn from our bankers and get answers to their specific questions. A total of $29,000 will be awarded to twelve students across the Commonwealth, to include six regional and six honorable mention winners. One of the regional ($2,500) winners will be named the statewide runner-up winner, earning an extra $3,000 and one of the regional winners will also be named the statewide winner, earning an extra $5,000 for a total scholarship of $7,500. Burke & Herbert Bank's prior Bank Day participants have done quite well. Four seniors in the last four years have won awards, including two regional winners, and one grand prize winner. Interested students must register online by March 5th through the VBA registration link. Additional details and the link can be found at burkeandherbertbank.com. Registrants should indicate "Burke & Herbert Bank" as their "host" bank on the registration form for access to additional resources. Burke & Herbert Bank & Trust Company, established in 1852, is the oldest bank in the Commonwealth of Virginia and the oldest continuously operating bank in the Washington DC area. The Bank offers a full range of personal and business banking products and services designed to meet customers' banking, borrowing, and investing needs. Burke & Herbert Bank & Trust Company is headquartered in Alexandria and operates more than 20 branches in Northern Virginia. Member FDIC CONTACT:Jane Petty703-216-5491 SOURCE Burke & Herbert Bank Answer:
Burke & Herbert Bank Announces 2021 Bank Day Scholarship Program High School Seniors Can Win Up to $7,500 from the Virginia Bankers Association
ALEXANDRIA, Va., Feb. 11, 2021 /PRNewswire/ --Burke & Herbert Bank invites northern Virginia high school seniors to register for Bank Day 2021. Participating seniors can win up to $7,500 from the Virginia Bankers Association (VBA) by submitting an essay about banking, financial services, and the vital role that banks play in the community. Bank Day is a statewide program sponsored by the VBA Education Foundation. Bank Day began when the third Tuesday in March was declared Bank Day by the Virginia General Assembly in 1991. The purpose is to provide an opportunity for high school seniors to learn about banks and their role. Due to the pandemic, Bank Day will be virtual. Students will have access to an online Bank Day resource from March 15-April 2, 2021. Registrants selecting Burke & Herbert Bank as their host will receive additional resources, including a virtual opportunity to learn from our bankers and get answers to their specific questions. A total of $29,000 will be awarded to twelve students across the Commonwealth, to include six regional and six honorable mention winners. One of the regional ($2,500) winners will be named the statewide runner-up winner, earning an extra $3,000 and one of the regional winners will also be named the statewide winner, earning an extra $5,000 for a total scholarship of $7,500. Burke & Herbert Bank's prior Bank Day participants have done quite well. Four seniors in the last four years have won awards, including two regional winners, and one grand prize winner. Interested students must register online by March 5th through the VBA registration link. Additional details and the link can be found at burkeandherbertbank.com. Registrants should indicate "Burke & Herbert Bank" as their "host" bank on the registration form for access to additional resources. Burke & Herbert Bank & Trust Company, established in 1852, is the oldest bank in the Commonwealth of Virginia and the oldest continuously operating bank in the Washington DC area. The Bank offers a full range of personal and business banking products and services designed to meet customers' banking, borrowing, and investing needs. Burke & Herbert Bank & Trust Company is headquartered in Alexandria and operates more than 20 branches in Northern Virginia. Member FDIC CONTACT:Jane Petty703-216-5491 SOURCE Burke & Herbert Bank
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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--(BUSINESS WIRE)--Eaze, Californias largest marketplace for legal cannabis, has entered the chat. Today, Eaze launches its first non-fungible token (NFT) to put its signature moonman image in the hands of the - ahem - highest bidder in celebration of 4/20s golden anniversary. The NFT, which features NBA champion and nationally-recognized cannabis advocate Matt Barnes, is for sale on OpenSea. All proceeds from the sale will go to National Expungement Week (N.E.W.), a POC-powered organization that provides access to relief, equity, and opportunity in communities affected by the War on Drugs. 2021 is the 50th anniversary of 4/20 and theres no better way to commemorate this milestone than supporting social equity, said Sheena Shiravi, vice president of marketing at Eaze. Like cannabis, NFTs are changing how we all think about commerce and culture, so this made a ton of sense to us. And who doesnt want Matt Barnes as a digital moonman? The one-of-a-kind NFT features one of Eazes signature creative assets: the smokin hot moonman, juxtaposed with Matt Barnes and a special message to celebrate cannabis highest holiday. Eazes moonman is featured prominently in its award-winning advertising, which was recognized with a Clio Cannabis Award. Bidding starts today at .1715 WETH (~$420) and closes on 4/20 at 11:59pm PT. "On behalf of the N.E.W. leadership team, we are elated at the opportunity to form a relationship with EAZE and deeply appreciative for the kind donation to our organization, said Torie Marshall, founder of N.E.W. These funds will help to support and uplift the expungement work that N.E.W. provides 365 days a year." This project builds on Eazes commitment to delivering good with the goods. Eazes annual Momentum business accelerator provides $50,000 grants and a 12-week business development curriculum to under-represented and social equity founders. To-date, BIPOC-owned brands have sold over $4 million in products on Eazes Social Equity Menu. Eazes other social impact work includes a partnership with Code for America to help clear 250,000 low-level criminal offenses; a permanent 25% discount for U.S. veterans; and partnerships with Success Centers SF and the San Francisco AIDS project, among others. Barnes serves as a senior advisor to Eazes Board of Directors on cannabis policy, social impact, and industry relations. NFTs are buzzy and now, making them a creative way to raise awareness for groups doing important equity work, said Jennifer Lujan, director of social impact at Eaze. People love to be part of something new and exciting, and even better if it also fights the racist War on Drugs. Visit OpenSea to access Eazes NFT now. About Eaze Eaze delivers good with the goods. As Californias largest legal cannabis marketplace, we bring enjoyment and convenience to our customers, break down barriers to access, and cultivate community in everything we do. With over seven million cannabis deliveries to-date, we are committed to creating a more diverse and sustainable industry through our Momentum business accelerator and Social Equity Partners Program. www.eaze.com. Answer:
Get It While Its Smokin Hot! Eaze Releases NFT Featuring NBA Champion Matt Barnes to Fund National Expungement Week And Celebrate 4/20s 50th Anniversary Proceeds from sale of one-of-a-kind digital artwork will benefit social equity organization
SAN FRANCISCO--(BUSINESS WIRE)--Eaze, Californias largest marketplace for legal cannabis, has entered the chat. Today, Eaze launches its first non-fungible token (NFT) to put its signature moonman image in the hands of the - ahem - highest bidder in celebration of 4/20s golden anniversary. The NFT, which features NBA champion and nationally-recognized cannabis advocate Matt Barnes, is for sale on OpenSea. All proceeds from the sale will go to National Expungement Week (N.E.W.), a POC-powered organization that provides access to relief, equity, and opportunity in communities affected by the War on Drugs. 2021 is the 50th anniversary of 4/20 and theres no better way to commemorate this milestone than supporting social equity, said Sheena Shiravi, vice president of marketing at Eaze. Like cannabis, NFTs are changing how we all think about commerce and culture, so this made a ton of sense to us. And who doesnt want Matt Barnes as a digital moonman? The one-of-a-kind NFT features one of Eazes signature creative assets: the smokin hot moonman, juxtaposed with Matt Barnes and a special message to celebrate cannabis highest holiday. Eazes moonman is featured prominently in its award-winning advertising, which was recognized with a Clio Cannabis Award. Bidding starts today at .1715 WETH (~$420) and closes on 4/20 at 11:59pm PT. "On behalf of the N.E.W. leadership team, we are elated at the opportunity to form a relationship with EAZE and deeply appreciative for the kind donation to our organization, said Torie Marshall, founder of N.E.W. These funds will help to support and uplift the expungement work that N.E.W. provides 365 days a year." This project builds on Eazes commitment to delivering good with the goods. Eazes annual Momentum business accelerator provides $50,000 grants and a 12-week business development curriculum to under-represented and social equity founders. To-date, BIPOC-owned brands have sold over $4 million in products on Eazes Social Equity Menu. Eazes other social impact work includes a partnership with Code for America to help clear 250,000 low-level criminal offenses; a permanent 25% discount for U.S. veterans; and partnerships with Success Centers SF and the San Francisco AIDS project, among others. Barnes serves as a senior advisor to Eazes Board of Directors on cannabis policy, social impact, and industry relations. NFTs are buzzy and now, making them a creative way to raise awareness for groups doing important equity work, said Jennifer Lujan, director of social impact at Eaze. People love to be part of something new and exciting, and even better if it also fights the racist War on Drugs. Visit OpenSea to access Eazes NFT now. About Eaze Eaze delivers good with the goods. As Californias largest legal cannabis marketplace, we bring enjoyment and convenience to our customers, break down barriers to access, and cultivate community in everything we do. With over seven million cannabis deliveries to-date, we are committed to creating a more diverse and sustainable industry through our Momentum business accelerator and Social Equity Partners Program. www.eaze.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, Nov. 24, 2020 /PRNewswire/ --This press release provides shareholders of Cohen&Steers Limited Duration Preferred and Income Fund, Inc. (NYSE: LDP) (the "Fund") with information regarding the sources of the distribution to be paid on November 30, 2020 and cumulative distributions paid fiscal year-to-date. In December 2016, 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. The 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. 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 November 2020 YEAR-TO-DATE (YTD) November 30, 2020* Source Per ShareAmount % of CurrentDistribution Per ShareAmount % of 2020Distributions Net Investment Income $0.1125 78.67% $1.2748 77.21% Net Realized Short-Term Capital Gains $0.0000 0.00% $0.0000 0.00% Net Realized Long-Term Capital Gains $0.0000 0.00% $0.0000 0.00% Return of Capital (or other Capital Source) $0.0305 21.33% $0.3762 22.79% Total Current Distribution $0.1430 100.00% $1.6510 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 amounts and sources of distributions reported in this Notice are only estimates, are likely to change over time, and are not being provided for tax reporting purposes. 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 2020 (January 1, 2020 through October 31, 2020) 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 2020. In addition, the Fund's Average Annual Total Return for the five-year period ending October 31, 2020 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund's Current Annualized Distribution Rate for 2020. 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, 2020 to October 31, 2020 Year-to-date Cumulative Total Return1 -0.87% Cumulative Distribution Rate2 6.71% Five-year period ending October 31, 2020 Average Annual Total Return3 7.33% Current Annualized Distribution Rate4 6.98% 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, 2020 through November 30, 2020) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of October 31, 2020. 3. Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending October 31, 2020. 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 October 31, 2020. 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 global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, and Tokyo. Forward-Looking StatementsThis 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 Related Links http://www.cohenandsteers.com Answer:
Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (LDP) Notification of Sources of Distribution Under Section 19(a)
NEW YORK, Nov. 24, 2020 /PRNewswire/ --This press release provides shareholders of Cohen&Steers Limited Duration Preferred and Income Fund, Inc. (NYSE: LDP) (the "Fund") with information regarding the sources of the distribution to be paid on November 30, 2020 and cumulative distributions paid fiscal year-to-date. In December 2016, 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. The 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. 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 November 2020 YEAR-TO-DATE (YTD) November 30, 2020* Source Per ShareAmount % of CurrentDistribution Per ShareAmount % of 2020Distributions Net Investment Income $0.1125 78.67% $1.2748 77.21% Net Realized Short-Term Capital Gains $0.0000 0.00% $0.0000 0.00% Net Realized Long-Term Capital Gains $0.0000 0.00% $0.0000 0.00% Return of Capital (or other Capital Source) $0.0305 21.33% $0.3762 22.79% Total Current Distribution $0.1430 100.00% $1.6510 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 amounts and sources of distributions reported in this Notice are only estimates, are likely to change over time, and are not being provided for tax reporting purposes. 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 2020 (January 1, 2020 through October 31, 2020) 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 2020. In addition, the Fund's Average Annual Total Return for the five-year period ending October 31, 2020 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund's Current Annualized Distribution Rate for 2020. 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, 2020 to October 31, 2020 Year-to-date Cumulative Total Return1 -0.87% Cumulative Distribution Rate2 6.71% Five-year period ending October 31, 2020 Average Annual Total Return3 7.33% Current Annualized Distribution Rate4 6.98% 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, 2020 through November 30, 2020) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of October 31, 2020. 3. Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending October 31, 2020. 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 October 31, 2020. 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 global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, and Tokyo. Forward-Looking StatementsThis 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 Related Links http://www.cohenandsteers.com
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