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edtsum395
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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)--Radix today announced the launch of GoodFi, a non-profit initiative aimed to further the education, research, and best practices for the decentralised finance (DeFi) industry. Alliance members, Aave, Chainlink, Messari, mStable & more have already committed resources to further accelerate the adoption of DeFi. GoodFi was created with a clear mission: get 100m people to put at least $1 into DeFi by 2025. In the last year, the total value of assets in the DeFi industry increased from around $1Bn to nearly $30Bn - yet this only represents a tiny fraction of the $111Tn that is in the global financial industry. Individually, the companies behind GoodFi are growing rapidly, yet we all share a common goal to bring the benefits and potential of DeFi to a global mass market, said Piers Ridyard, CEO of Radix and the founder of GoodFi. While DeFi has seen meteoric growth in the last 18-months, the industry is still only accessed by a fraction of the global financial sector. GoodFi provides a platform for leaders in the DeFi space to tackle industry-wide problems and provide clear education and research for both users and developers looking to enter the space. DeFi can be explained as a new, global financial network where financial products and services are interconnected, hyper-secure, and equally accessible to all participants. DeFi brings a level of transparency and fairness to the financial sector that is simply not possible with the highly fragmented, centralised, and isolated processes in traditional financial systems. The promise of an open, global financial network is gaining momentum, especially after the events in the last few weeks that have drawn attention to the systemic issues of the traditional finance world. Users of some of the supposedly most cutting-edge, consumer-friendly fintech offerings have seen their ability to buy and trade limited or stopped, often with little explanation as to why. Contractual breaches such as these present a great opportunity for the DeFi industry to continue its growth, as many are looking for alternative financial products and services that are more transparent and reliable. Alongside the founding members of GoodFi, other businesses and projects in the industry will be encouraged to contribute to ongoing education, research and awareness activities to promote the benefits of DeFi not only to existing cryptocurrency users but also to a wider audience looking to discover the increased opportunity and security around digital assets. The first step towards fulfilling their mission will see GoodFi target new DeFi entrants via a user-friendly website providing an easy introduction to DeFi, expanding on how it works and why it can help solve many of the problems that face the current financial system. How to join GoodFi? Its simple, just fill out this application. It takes about five minutes, and all you need is your companys logo files and your preferred area(s) of involvement. Joining GoodFi (www.goodfi.com) requires no binding commitments, only a desire to help increase the potential impact DeFi has on the world. About Radix: Radix (www.radixdlt.com) is the first layer-one protocol specifically built to serve DeFi. Decentralized finance applications are currently built on protocols that are not fit for purpose, leading to congestion, hacks and developer frustration. Radix changes this by introducing a scalable, secure-by-design, composable platform with a DeFi-specific build environment to make it easy to build and launch scalable DeFi. Answer:
Radix Launches GoodFi Alliance with Chainlink, Aave, Messari, mStable & More
LONDON--(BUSINESS WIRE)--Radix today announced the launch of GoodFi, a non-profit initiative aimed to further the education, research, and best practices for the decentralised finance (DeFi) industry. Alliance members, Aave, Chainlink, Messari, mStable & more have already committed resources to further accelerate the adoption of DeFi. GoodFi was created with a clear mission: get 100m people to put at least $1 into DeFi by 2025. In the last year, the total value of assets in the DeFi industry increased from around $1Bn to nearly $30Bn - yet this only represents a tiny fraction of the $111Tn that is in the global financial industry. Individually, the companies behind GoodFi are growing rapidly, yet we all share a common goal to bring the benefits and potential of DeFi to a global mass market, said Piers Ridyard, CEO of Radix and the founder of GoodFi. While DeFi has seen meteoric growth in the last 18-months, the industry is still only accessed by a fraction of the global financial sector. GoodFi provides a platform for leaders in the DeFi space to tackle industry-wide problems and provide clear education and research for both users and developers looking to enter the space. DeFi can be explained as a new, global financial network where financial products and services are interconnected, hyper-secure, and equally accessible to all participants. DeFi brings a level of transparency and fairness to the financial sector that is simply not possible with the highly fragmented, centralised, and isolated processes in traditional financial systems. The promise of an open, global financial network is gaining momentum, especially after the events in the last few weeks that have drawn attention to the systemic issues of the traditional finance world. Users of some of the supposedly most cutting-edge, consumer-friendly fintech offerings have seen their ability to buy and trade limited or stopped, often with little explanation as to why. Contractual breaches such as these present a great opportunity for the DeFi industry to continue its growth, as many are looking for alternative financial products and services that are more transparent and reliable. Alongside the founding members of GoodFi, other businesses and projects in the industry will be encouraged to contribute to ongoing education, research and awareness activities to promote the benefits of DeFi not only to existing cryptocurrency users but also to a wider audience looking to discover the increased opportunity and security around digital assets. The first step towards fulfilling their mission will see GoodFi target new DeFi entrants via a user-friendly website providing an easy introduction to DeFi, expanding on how it works and why it can help solve many of the problems that face the current financial system. How to join GoodFi? Its simple, just fill out this application. It takes about five minutes, and all you need is your companys logo files and your preferred area(s) of involvement. Joining GoodFi (www.goodfi.com) requires no binding commitments, only a desire to help increase the potential impact DeFi has on the world. About Radix: Radix (www.radixdlt.com) is the first layer-one protocol specifically built to serve DeFi. Decentralized finance applications are currently built on protocols that are not fit for purpose, leading to congestion, hacks and developer frustration. Radix changes this by introducing a scalable, secure-by-design, composable platform with a DeFi-specific build environment to make it easy to build and launch scalable DeFi.
edtsum403
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: NEW YORK--(BUSINESS WIRE)--New Senior Investment Group Inc. (New Senior or the Company) (NYSE: SNR) announced today its results for the quarter ended and full year ended December 31, 2020. FULL YEAR 2020 & FOURTH QUARTER 2020 FINANCIAL HIGHLIGHTS FULL YEAR 2020 HIGHLIGHTS RECENT BUSINESS HIGHLIGHTS Susan Givens, President & Chief Executive Officer of the Company commented, Concluding an incredibly challenging year, all of us at New Senior are extremely grateful to our operators and the associates at our communities for their dedication and responsiveness throughout the ongoing COVID-19 pandemic. Despite a rise in cases during the fourth quarter, our operators continued to effectively manage the impact of COVID-19 within our communities through their unwavering focus and tenacity. While the pandemic continues to have a significant impact on our business, we are encouraged by the recent declines in case counts nationally and within our communities. Givens continued, We continue to see features unique to our Independent Living properties that have allowed our operators to adjust protocols within our communities and effectively manage the spread of the virus while also reducing expenses in response to lower occupancy levels. Further, decisions we made heading into 2020 to strengthen our balance sheet with lower-cost floating rate debt allowed us to significantly benefit from the volatility in the interest rate environment. As a result, we are pleased to finish 2020 with AFFO per share results consistent with both our revised expectations, as well as with the initial guidance that we provided in February 2020 prior to the onset of the pandemic. Going forward, we remain focused on continuing to safely navigate through the pandemic and position New Senior for growth. To that end, I am excited to announce our new partnership with Atria Senior Living, a best-in-class senior housing operator. Atria is one of the most well-respected operators in the industry and has a proven track record of driving strong occupancy and financial performance at communities similar to those in our transition portfolio. In addition to transitioning 21 communities to Atria under an incentive-aligned management contract, we expect the relationship to improve our operator diversification, provide new perspectives on the long-term performance of our Independent Living portfolio and additional growth opportunities, Givens concluded. STRATEGIC PARTNERSHIP WITH ATRIA SENIOR LIVING New Senior announced today that it has entered into a strategic partnership with Atria Senior Living, which represents a significant step in the Companys ongoing efforts to address operator diversification and alignment. Under the terms of the new partnership, New Senior intends to transition the management of 21 properties from Holiday Retirement (Holiday) to Atria in the second quarter of 2021. Post-transition, Atria will manage 20% of the properties in the Companys Independent Living portfolio and Holiday will continue to be its largest operator relationship, managing 75% of its Independent Living properties. Atria is a leading national operator of senior housing communities across the United States and Canada, including independent living communities similar to those within New Seniors portfolio. They have a proven track record of successfully transitioning other independent living portfolios and improving occupancy and financial results. Atrias experienced management team has built a data-driven organization which utilizes proprietary tools and technologies to optimize sales and operations. Over the past year, they have been at the forefront of the senior housing industrys response to the COVID-19 pandemic and have taken extensive actions to combat the pandemic. New Senior expects these transitions to drive strong performance at these properties over time. New Senior expects the partnership to result in the following benefits: FOURTH QUARTER 2020 RESULTS For the Quarter Ended December 31, 2020 For the Quarter Ended December 31, 2019 Amount Per Basic Share Per Diluted Share Amount Per Basic Share Per Diluted Share $ (3,789 ) $ (0.05 ) $ (0.05 ) $ (6,661 ) $ (0.08 ) $ (0.08 ) $ 33,714 N/A N/A $ 36,063 N/A N/A 11,980 0.15 0.14 12,053 0.15 0.14 13,508 0.16 0.16 13,451 0.16 0.16 14,546 0.18 0.17 15,125 0.18 0.18 12,751 0.15 0.15 12,196 0.15 0.14 FULL YEAR 2020 RESULTS For the Year Ended December 31, 2020 For the Year Ended December 31, 2019 Amount Per Basic Share Per Diluted Share Amount Per Basic Share Per Diluted Share $ (6,162 ) $ (0.08 ) $ (0.08 ) $ (393 ) $ (0.00 ) $ (0.00 ) $ 138,220 N/A N/A $ 141,546 N/A N/A 40,137 0.49 0.48 81,026 0.99 0.97 53,752 0.65 0.64 49,110 0.60 0.59 59,072 0.72 0.71 55,849 0.68 0.67 53,027 0.64 0.63 45,635 0.56 0.54 (A) See end of press release for reconciliation of non-GAAP measures to net loss. FOURTH QUARTER 2020 GAAP RESULTS New Senior recorded a GAAP net loss of $3.8 million, or $(0.05) per diluted share, for the fourth quarter of 2020, compared to a GAAP net loss of $6.7 million, or $(0.08) per diluted share, for the fourth quarter of 2019. The year-over-year increase was primarily driven by the reduction of interest expense. FOURTH QUARTER AND FULL YEAR 2020 PORTFOLIO PERFORMANCE Same Store Cash NOI - Fourth Quarter Properties 4Q 2019 4Q 2020 YoY 102 $ 34,502 $ 31,011 (10.1%) 1 1,450 1,490 2.7% Total Portfolio 103 $ 35,952 $ 32,501 (9.6%) 103 $ 35,952 $ 32,501 (9.6%) - - 442 - Total Portfolio Adjusted for COVID-19 Related Expenses 103 $ 35,952 $ 32,943 (8.4%) Same Store Cash NOI - Full Year Properties 2019 2020 YoY 102 $ 137,307 $ 129,870 (5.4%) 1 5,749 5,907 2.7% Total Portfolio 103 $ 143,056 $ 135,777 (5.1%) 103 $ 143,056 $ 135,777 (5.1%) - - 3,171 - Total Portfolio Adjusted for COVID-19 Related Expenses 103 $ 143,056 $ 138,948 (2.9%) FOURTH QUARTER DIVIDEND On February 24, 2021, the Companys Board of Directors declared a cash dividend of $0.065 per share for the quarter ended December 31, 2020. The dividend is payable on March 26, 2021 to shareholders of record on March 12, 2021. COVID-19 IMPACT ON THE COMPANY The fourth quarter of 2020 continued to see the effects of the COVID-19 pandemic on our financial results. We have outlined our observations of the impact on our results to date and potential future implications below: Overview As of December 31, 2020, we owned a portfolio of 102 Independent Living (IL) properties and one Continuing Care Retirement Community (CCRC). We have approximately 10,000 residents across our 103 properties, which are currently managed by three different operators and one tenant. Property Status Known Cases Vaccine Status Occupancy Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 E Ending Occupancy 87.4% 86.2% 85.6% 84.9% 84.4% 83.9% 83.3% 83.1% 82.5% 81.8% 81.0% 80.4% Sequential Decline (130bps) (120bps) (60bps) (70bps) (50bps) (50bps) (60bps) (20bps) (60bps) (70bps) (80bps) (60bps) 1Q 2020 2Q 2020 3Q 2020 4Q 2020 Ending Occupancy 87.4% 84.9% 83.3% 81.8% Sequential Decline (130bps) (250bps) (160bps) (150bps) Expenses NOI & AFFO 4Q 2020 FY 2020 Total Same Store Cash NOI YoY Change (9.6%) (5.1%) AFFO Per Diluted Share $0.17 $0.71 FIRST QUARTER 2021 GUIDANCE Due to the ongoing uncertainty caused by the pandemic, New Senior will not be providing full year 2021 guidance at this time. However, based on the Companys financial results to date, as well as the observations and trends discussed above in COVID-19 Impact on the Company, New Senior is providing first quarter 2021 guidance for occupancy, total same store cash NOI and AFFO per share as follows: First Quarter 2021 Guidance Sequential IL Occupancy Decline Down appx. 170bps Total Same Store Cash NOI YoY (103 Properties) Down appx. 15% AFFO Per Share $0.14 to $0.15 The first quarter 2021 occupancy assumption includes monthly sequential declines of 80bps in January, 60bps in February and 30bps in March. The occupancy declines are estimated to improve throughout the quarter based on the latest trends observed, which includes an increase in lead volume in January and February. In addition, declining COVID-19 cases and the accelerating rollout of vaccines across the portfolio are expected to drive near-term improvement in occupancy trends. The estimates above are based on a number of assumptions that are subject to change and many of which are outside of the Companys control. If actual results vary from these assumptions, the Companys expectations may change. There can be no assurance that the Company will achieve these results. A reconciliation of the Companys expectations to its projected GAAP measures is included in this press release. OTHER ANNOUNCEMENTS ATM PROGRAM The Company also announced today that it intends to establish an "at-the-market" program through which it may issue and sell, from time to time, up to an aggregate of $100 million of the Company's common stock through designated broker-dealers at prevailing market prices and in such share amounts as the Company may specify. ADDITIONAL INFORMATION For additional information that management believes to be useful for investors, including more information regarding the COVID-19 pandemic and its impact on our business, please refer to the Company Update and to the Quarterly Supplement, each of which is posted in the Investor Relations section of New Seniors website, www.newseniorinv.com. EARNINGS CONFERENCE CALL Management will host a conference call on February 25, 2021 at 9:00 A.M. Eastern Time. The conference call may be accessed by dialing (888) 317-6003 (from within the U.S.) or (412) 317-6061 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please use entry number 0782659. A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.newseniorinv.com. Please allow extra time prior to the call to visit the website and download any necessary software required to listen to the internet broadcast. A telephonic replay of the conference call will also be available approximately two hours following the calls completion through March 25, 2021 by dialing (877) 344-7529 (from within the U.S.) or (412) 317-0088 (from outside the U.S.); please use access code 10152039. ABOUT NEW SENIOR New Senior Investment Group Inc. (NYSE: SNR) is a publicly-traded real estate investment trust with a diversified portfolio of senior housing properties located across the United States. New Senior is one of the largest owners of senior housing properties, with 103 properties across 36 states. More information about New Senior can be found at www.newseniorinv.com. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain information in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation statements regarding New Seniors 2021 strategic priorities and expectations with respect to the potential range of 2021 financial results; the expected impact of the COVID-19 pandemic on our business, liquidity, properties, operators and the health systems and populations that we serve; the cost and effectiveness of measures we have taken to respond to the COVID-19 pandemic, including health and safety protocols and system capacity enhancements that are intended to limit the transmission of COVID-19 at our properties; our expected occupancy rates and operating expenses; and the declaration or amount of any future dividend. These statements are not historical facts. They represent managements current expectations regarding future events and are subject to a number of risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties relating to the continuing impact of COVID-19 on our operations and the operation of our facilities, including ongoing cases at certain of our facilities, the speed, geographic reach and duration of the COVID-19 pandemic; the legal, regulatory and administrative developments that occur at the federal, state and local levels; the efficacy of our operators infectious disease protocols and prevention efforts; the broader impact of the pandemic on local economies and labor markets; the overall demand for our communities in the recovery period following the pandemic; our ability to successfully manage the asset management by third parties; and market conditions generally which affect demand and supply for senior housing. We believe that the adverse impact that COVID-19 will have on the future operations and financial results at our communities will depend upon many factors, most of which are beyond our ability to control or predict. Accordingly, you should not place undue reliance on any forward-looking statements contained herein. For a discussion of these and other risks and important factors that could affect such forward-looking statements, see the sections entitled Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations in the Companys most recent annual and quarterly reports filed with the Securities and Exchange Commission, which are available on the Companys website (www.newseniorinv.com). New risks and uncertainties emerge from time to time, and it is not possible for us to predict or assess the impact of every factor that may cause our results to differ materially from those anticipated by any forward-looking statements. Forward-looking statements contained herein, and all statements made in this press release, speak only as of the date of this press release, and the Company expressly disclaims any duty or obligation to release publicly any updates or revisions to any statements contained herein to reflect any change in the Companys expectations with regard thereto or change in events, conditions or circumstances on which any statement is based. December 31, 2020 December 31, 2019 $ 134,643 $ 134,643 1,983,363 1,970,036 (417,455 ) (351,555 ) 1,700,551 1,753,124 7,642 7,642 (2,595 ) (2,238 ) 5,047 5,404 1,705,598 1,758,528 - 363,489 33,046 39,614 34,892 33,078 $ 1,773,536 $ 2,194,709 $ 1,486,164 $ 1,590,632 - 267,856 63,886 59,320 1,550,050 1,917,808 20,253 40,506 - - 830 830 907,577 901,889 (694,194 ) (660,588 ) (10,980 ) (5,736 ) 203,233 236,395 $ 1,773,536 $ 2,194,709 Three Months Ended December 31, Year Ended December 31, 2020 2019 2020 2019 (unaudited) $ 80,411 $ 84,630 $ 329,951 $ 339,573 1,582 1,583 6,330 6,330 81,993 86,212 336,281 345,903 48,279 50,149 198,061 204,357 14,522 17,982 61,562 76,364 15,769 17,502 66,291 68,806 5,373 5,925 23,018 21,672 272 332 467 1,501 - - 5,884 335 944 683 1,464 2,076 85,159 92,573 356,747 375,111 - - - (122 ) - 82 - 38,308 (3,166 ) (6,279 ) (20,466 ) 8,978 22 22 178 210 (3,188 ) (6,301 ) (20,644 ) 8,768 - - 19,992 - - 245 (3,107 ) (6,754 ) - 245 16,885 (6,754 ) (3,188 ) (6,056 ) (3,759 ) 2,014 (601 ) (605 ) (2,403 ) (2,407 ) ($ 3,789 ) ($ 6,661 ) ($ 6,162 ) ($ 393 ) ($ 0.05 ) ($ 0.08 ) ($ 0.28 ) $ 0.08 - 0.00 0.20 (0.08 ) (0.05 ) (0.08 ) (0.08 ) (0.00 ) ($ 0.05 ) ($ 0.08 ) ($ 0.28 ) $ 0.08 - 0.00 0.20 (0.08 ) (0.05 ) (0.08 ) (0.08 ) (0.00 ) 82,568,966 82,209,844 82,496,460 82,208,173 82,568,966 82,209,844 82,496,460 82,208,173 $ 0.07 $ 0.13 $ 0.33 $ 0.52 (A) Basic earnings per common share (EPS) is calculated by dividing net income (loss) attributable to common stockholders by the weighted average number of shares of common stock outstanding. The outstanding shares used to calculate the weighted average basic shares exclude 454,921 and 754,594 restricted stock awards, net of forfeitures, as of December 31, 2020 and 2019 respectively, as those shares were issued but were not vested and therefore, not considered outstanding for purposes of computing basic income (loss) per share. Diluted EPS is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of shares of common stock outstanding plus the additional dilutive effect, if any, of common stock equivalents during each period. (B) Dilutive share equivalents and options were excluded for the three months ended December 31, 2020 and 2019, and for the year ended December 31, 2020 as their inclusion would have been anti-dilutive given our loss position. For the Quarter Ended For the Year Ended December 31, 2020 December 31, 2020 $ 81,993 $ 336,281 (48,279 ) (198,061 ) 33,714 138,220 (14,522 ) (61,562 ) (15,769 ) (66,291 ) (5,373 ) (23,018 ) (272 ) (467 ) (5,884 ) (944 ) (1,464 ) (22 ) (178 ) (3,188 ) (20,644 ) 19,992 (3,107 ) - 16,885 (3,188 ) (3,759 ) (601 ) (2,403 ) $ (3,789 ) $ (6,162 ) Reconciliation of Net Income to FFO, Normalized FFO, AFFO and Normalized FAD (unaudited) (dollars and shares in thousands, except per share data) For the Quarter Ended For the Year Ended December 31, 2020 December 31, 2020 $ (3,789 ) $ (6,162 ) - (19,992 ) 15,769 66,291 $ 11,980 $ 40,137 $ 0.15 $ 0.49 $ 0.14 $ 0.48 272 1,504 299 1,280 - 9,486 957 1,345 $ 13,508 $ 53,752 $ 0.16 $ 0.65 $ 0.16 $ 0.64 (95 ) (431 ) 799 3,380 (1,118 ) (3,022 ) 1,452 5,393 $ 14,546 $ 59,072 $ 0.18 $ 0.72 $ 0.17 $ 0.71 (1,795 ) (6,045 ) $ 12,751 $ 53,027 $ 0.15 $ 0.64 $ 0.15 $ 0.63 82,569 82,496 84,272 83,547 (A) Primarily includes insurance recoveries and casualty related charges. (B) Includes amortization of deferred community fees and other, which includes the net change in deferred community fees and other rent discounts or incentives. (C) Diluted share amounts have been calculated using the treasury stock method. 4Q 2020 4Q 2019 IL Properties CCRC Total IL Properties CCRC Total $31,453 $1,490 $32,943 $34,502 $1,450 $35,952 (442 ) - (442 ) - - 31,011 1,490 32,501 34,502 1,450 35,952 - 95 95 - 134 134 1,120 (2 ) 1,118 (21 ) (2 ) (23 ) $32,131 $1,583 $33,714 $34,481 $1,583 $36,063 (14,522 ) (17,982 ) (15,769 ) (17,502 ) (5,373 ) (5,925 ) (272 ) (332 ) (944 ) (683 ) (22 ) (22 ) 82 (3,188 ) (6,301 ) 245 (3,188 ) (6,056 ) (601 ) (605 ) ($3,789 ) ($6,661 ) (A) Consists of amortization of deferred community fees and other, which includes the net change in deferred community fees and other rent discounts or incentives. 4Q 2020 3Q 2020 IL Properties CCRC Total IL Properties CCRC Total $31,453 $1,490 $32,943 $32,250 $1,490 $33,740 (442 ) - (442 ) (785 ) - (785 ) 31,011 1,490 32,501 31,465 1,490 32,955 - 95 95 - 95 95 1,120 (2 ) 1,118 160 (2 ) 158 $32,131 $1,583 $33,714 $31,625 $1,583 $33,208 (14,522 ) (14,540 ) (15,769 ) (16,204 ) (5,373 ) (5,905 ) (272 ) (43 ) (944 ) (192 ) (22 ) (74 ) (3,188 ) (3,750 ) (601 ) (605 ) ($3,789 ) ($4,355 ) (A) Consists of amortization of deferred community fees and other, which includes the net change in deferred community fees and other rent discounts or incentives. 2020 2019 IL Properties CCRC Total IL Properties CCRC / Other Properties Total $133,041 $5,907 $138,948 $137,307 $5,749 $143,056 (3,171 ) - (3,171 ) - - - 129,870 5,907 135,777 137,307 5,749 143,056 - - - - (626 ) (626 ) - 431 431 - 589 589 2,020 (8 ) 2,012 (1,539 ) 66 (1,473 ) $131,890 $6,330 $138,220 $135,768 $5,778 $141,546 (61,562 ) (76,364 ) (66,291 ) (68,806 ) (23,018 ) (21,672 ) (467 ) (1,501 ) (5,884 ) (335 ) (1,464 ) (2,076 ) (178 ) (210 ) 38,308 (122 ) (20,644 ) 8,768 19,992 (3,107 ) (6,754 ) 16,885 (6,754 ) (3,759 ) 2,014 (2,403 ) (2,407 ) ($6,162 ) ($393 ) (A) Consists of amortization of deferred community fees and other, which includes the net change in deferred community fees and other rent discounts or incentives. Interest Expense Reconciliation (dollars in thousands) 4Q 2020 3Q 2020 2Q 2020 $ 14,522 $ 14,540 $ 15,281 (799 ) (803 ) (872 ) $ 13,723 $ 13,737 $ 14,409 First Quarter 2021 Per Diluted Share Low High $(0.08) - $(0.07) 0.19 - 0.19 $0.11 - $0.12 0.01 - 0.01 $0.12 - $0.13 0.01 - 0.01 (0.01) - (0.01) 0.02 - 0.02 $0.14 - $0.15 ROUNDING Throughout this Press Release, totals and subtotals of certain tables may not sum due to rounding. NON-GAAP FINANCIAL MEASURES The tables above set forth reconciliations of non-GAAP measures to net income (loss), which is the most directly comparable GAAP financial measure. A non-GAAP financial measure is a measure of historical or future financial performance, financial position or cash flows that excludes or includes amounts that are not excluded from or included in the most comparable GAAP measure. We consider certain non-GAAP financial measures to be useful supplemental measures of our operating performance. GAAP accounting for real estate assets assumes that the value of real estate assets diminishes predictably over time, even though real estate values historically have risen or fallen with market conditions. As a result, many industry investors look to non-GAAP financial measures for supplemental information about real estate companies. You should not consider non-GAAP measures as alternatives to GAAP net (loss) income, which is an indicator of our financial performance, or as alternatives to GAAP cash flow from operating activities, which is a liquidity measure, nor are non-GAAP measures necessarily indicative of our ability to satisfy our funding requirements. In order to facilitate a clear understanding of our consolidated historical operating results, you should examine our non-GAAP measures in conjunction with GAAP net (loss) income as presented in our Consolidated Financial Statements and other financial data included elsewhere in this press release. Moreover, the comparability of non-GAAP financial measures across companies may be limited as a result of differences in the manner in which real estate companies calculate such measures, the capital structure of such companies or other factors. Below is a description of the non-GAAP financial measures presented herein. NOI, Cash NOI and Cash Interest Expense The Company evaluates the performance of our properties based on NOI and cash NOI. The Company defines NOI as total revenues less property-level operating expenses, which include property management fees and travel cost reimbursements. The sum of the NOI for each segment is total NOI, which the Company uses to evaluate the aggregate performance of its segments. The Company defines Cash NOI as NOI excluding the effects of straight-line rent, amortization of above / below market lease intangibles and amortization of deferred community fees and other, which includes the net change in deferred community fees and other rent discounts or incentives. We believe that NOI and Cash NOI serve as useful supplemental measures to net income because they allow investors, analysts and management to measure unlevered property-level operating results and to compare our operating results between periods and to the operating results of other real estate companies on a consistent basis. Same store NOI and same store cash NOI include only properties owned for the entirety of comparable periods. Properties acquired, sold, transitioned to other operators or between segments, or classified as held for sale or discontinued operations during the comparable periods are excluded from the same store amounts. Please see the Companys most recent quarterly report filed with the Securities and Exchange Commission for more information. Cash interest expense is defined as interest expense excluding the amortization of deferred financing costs and includes the interest expense on debt repaid upon the sale of the AL/MC portfolio (classified as discontinued operations). FFO and Other Non-GAAP Measures We use Funds From Operations ("FFO") and Normalized FFO as supplemental measures of our operating performance. We use the National Association of Real Estate Investment Trusts ("NAREIT") definition of FFO. NAREIT defines FFO as GAAP net income (loss) attributable to common stockholders, which includes loss from discontinued operations, excluding gains (losses) from sales of depreciable real estate assets and impairment charges of depreciable real estate, plus real estate depreciation and amortization, and after adjustments for unconsolidated entities and joint ventures to reflect FFO on the same basis. FFO does not account for debt principal payments and is not intended as a measure of a REITs ability to satisfy such payments or any other cash requirements. Normalized FFO, as defined below, measures the financial performance of our portfolio of assets excluding items that, although incidental to, are not reflective of the day-to-day operating performance of our portfolio of assets. We believe that Normalized FFO is useful because it facilitates the evaluation of our portfolios operating performance (i) between periods on a consistent basis and (ii) to the operating performance of other real estate companies. However, comparability may be limited because our calculation of Normalized FFO may differ significantly from that of other companies or because of features of our business that are not present in other companies. We define Normalized FFO as FFO excluding the following income and expense items, as applicable: (a) acquisition, transaction and integration related expenses; (b) the write off of unamortized discounts, premiums, deferred financing costs, or additional costs, make whole payments and penalties or premiums incurred as the result of early repayment of debt (collectively Gain (Loss) on extinguishment of debt); (c) incentive compensation to affiliate recognized as a result of sales of real estate; (d) the remeasurement of deferred tax assets; (e) valuation allowance on deferred tax assets, net; (f) termination fee to affiliate; (g) gain on lease termination; (h) compensation expense related to transition awards; (i) litigation proceeds; and (j) other items that we believe are not indicative of operating performance, generally reported as Other expense (income) in our Consolidated Statements of Operations. We also use Adjusted FFO (AFFO) and Normalized FAD as supplemental measures of our operating performance. We believe AFFO is useful because it facilitates the evaluation of (i) the current economic return on our portfolio of assets between periods on a consistent basis and (ii) our portfolio versus those of other real estate companies that report AFFO. However, comparability may be limited because our calculation of AFFO may differ significantly from that of other companies, or because of features of our business that are not present in other companies. We define AFFO as Normalized FFO excluding the impact of the following: (a) straight-line rents; (b) amortization of above / below market lease intangibles; (c) amortization of deferred financing costs; (d) amortization of premium or discount on mortgage notes payable; (e) amortization of deferred community fees and other, which includes the net change in deferred community fees and other rent discounts or incentives, and (f) amortization of equity-based compensation expense. We define Normalized FAD as AFFO less routine capital expenditures, which we view as a cost associated with the current economic return. Normalized FAD, which does not reflect debt principal payments and certain other expenses, does not represent cash available for distribution to shareholders. We believe Normalized FAD is useful because it fully reflects the additional economic costs of maintaining the condition of the portfolio. Answer:
New Senior Announces Fourth Quarter and Full Year 2020 Results
NEW YORK--(BUSINESS WIRE)--New Senior Investment Group Inc. (New Senior or the Company) (NYSE: SNR) announced today its results for the quarter ended and full year ended December 31, 2020. FULL YEAR 2020 & FOURTH QUARTER 2020 FINANCIAL HIGHLIGHTS FULL YEAR 2020 HIGHLIGHTS RECENT BUSINESS HIGHLIGHTS Susan Givens, President & Chief Executive Officer of the Company commented, Concluding an incredibly challenging year, all of us at New Senior are extremely grateful to our operators and the associates at our communities for their dedication and responsiveness throughout the ongoing COVID-19 pandemic. Despite a rise in cases during the fourth quarter, our operators continued to effectively manage the impact of COVID-19 within our communities through their unwavering focus and tenacity. While the pandemic continues to have a significant impact on our business, we are encouraged by the recent declines in case counts nationally and within our communities. Givens continued, We continue to see features unique to our Independent Living properties that have allowed our operators to adjust protocols within our communities and effectively manage the spread of the virus while also reducing expenses in response to lower occupancy levels. Further, decisions we made heading into 2020 to strengthen our balance sheet with lower-cost floating rate debt allowed us to significantly benefit from the volatility in the interest rate environment. As a result, we are pleased to finish 2020 with AFFO per share results consistent with both our revised expectations, as well as with the initial guidance that we provided in February 2020 prior to the onset of the pandemic. Going forward, we remain focused on continuing to safely navigate through the pandemic and position New Senior for growth. To that end, I am excited to announce our new partnership with Atria Senior Living, a best-in-class senior housing operator. Atria is one of the most well-respected operators in the industry and has a proven track record of driving strong occupancy and financial performance at communities similar to those in our transition portfolio. In addition to transitioning 21 communities to Atria under an incentive-aligned management contract, we expect the relationship to improve our operator diversification, provide new perspectives on the long-term performance of our Independent Living portfolio and additional growth opportunities, Givens concluded. STRATEGIC PARTNERSHIP WITH ATRIA SENIOR LIVING New Senior announced today that it has entered into a strategic partnership with Atria Senior Living, which represents a significant step in the Companys ongoing efforts to address operator diversification and alignment. Under the terms of the new partnership, New Senior intends to transition the management of 21 properties from Holiday Retirement (Holiday) to Atria in the second quarter of 2021. Post-transition, Atria will manage 20% of the properties in the Companys Independent Living portfolio and Holiday will continue to be its largest operator relationship, managing 75% of its Independent Living properties. Atria is a leading national operator of senior housing communities across the United States and Canada, including independent living communities similar to those within New Seniors portfolio. They have a proven track record of successfully transitioning other independent living portfolios and improving occupancy and financial results. Atrias experienced management team has built a data-driven organization which utilizes proprietary tools and technologies to optimize sales and operations. Over the past year, they have been at the forefront of the senior housing industrys response to the COVID-19 pandemic and have taken extensive actions to combat the pandemic. New Senior expects these transitions to drive strong performance at these properties over time. New Senior expects the partnership to result in the following benefits: FOURTH QUARTER 2020 RESULTS For the Quarter Ended December 31, 2020 For the Quarter Ended December 31, 2019 Amount Per Basic Share Per Diluted Share Amount Per Basic Share Per Diluted Share $ (3,789 ) $ (0.05 ) $ (0.05 ) $ (6,661 ) $ (0.08 ) $ (0.08 ) $ 33,714 N/A N/A $ 36,063 N/A N/A 11,980 0.15 0.14 12,053 0.15 0.14 13,508 0.16 0.16 13,451 0.16 0.16 14,546 0.18 0.17 15,125 0.18 0.18 12,751 0.15 0.15 12,196 0.15 0.14 FULL YEAR 2020 RESULTS For the Year Ended December 31, 2020 For the Year Ended December 31, 2019 Amount Per Basic Share Per Diluted Share Amount Per Basic Share Per Diluted Share $ (6,162 ) $ (0.08 ) $ (0.08 ) $ (393 ) $ (0.00 ) $ (0.00 ) $ 138,220 N/A N/A $ 141,546 N/A N/A 40,137 0.49 0.48 81,026 0.99 0.97 53,752 0.65 0.64 49,110 0.60 0.59 59,072 0.72 0.71 55,849 0.68 0.67 53,027 0.64 0.63 45,635 0.56 0.54 (A) See end of press release for reconciliation of non-GAAP measures to net loss. FOURTH QUARTER 2020 GAAP RESULTS New Senior recorded a GAAP net loss of $3.8 million, or $(0.05) per diluted share, for the fourth quarter of 2020, compared to a GAAP net loss of $6.7 million, or $(0.08) per diluted share, for the fourth quarter of 2019. The year-over-year increase was primarily driven by the reduction of interest expense. FOURTH QUARTER AND FULL YEAR 2020 PORTFOLIO PERFORMANCE Same Store Cash NOI - Fourth Quarter Properties 4Q 2019 4Q 2020 YoY 102 $ 34,502 $ 31,011 (10.1%) 1 1,450 1,490 2.7% Total Portfolio 103 $ 35,952 $ 32,501 (9.6%) 103 $ 35,952 $ 32,501 (9.6%) - - 442 - Total Portfolio Adjusted for COVID-19 Related Expenses 103 $ 35,952 $ 32,943 (8.4%) Same Store Cash NOI - Full Year Properties 2019 2020 YoY 102 $ 137,307 $ 129,870 (5.4%) 1 5,749 5,907 2.7% Total Portfolio 103 $ 143,056 $ 135,777 (5.1%) 103 $ 143,056 $ 135,777 (5.1%) - - 3,171 - Total Portfolio Adjusted for COVID-19 Related Expenses 103 $ 143,056 $ 138,948 (2.9%) FOURTH QUARTER DIVIDEND On February 24, 2021, the Companys Board of Directors declared a cash dividend of $0.065 per share for the quarter ended December 31, 2020. The dividend is payable on March 26, 2021 to shareholders of record on March 12, 2021. COVID-19 IMPACT ON THE COMPANY The fourth quarter of 2020 continued to see the effects of the COVID-19 pandemic on our financial results. We have outlined our observations of the impact on our results to date and potential future implications below: Overview As of December 31, 2020, we owned a portfolio of 102 Independent Living (IL) properties and one Continuing Care Retirement Community (CCRC). We have approximately 10,000 residents across our 103 properties, which are currently managed by three different operators and one tenant. Property Status Known Cases Vaccine Status Occupancy Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 E Ending Occupancy 87.4% 86.2% 85.6% 84.9% 84.4% 83.9% 83.3% 83.1% 82.5% 81.8% 81.0% 80.4% Sequential Decline (130bps) (120bps) (60bps) (70bps) (50bps) (50bps) (60bps) (20bps) (60bps) (70bps) (80bps) (60bps) 1Q 2020 2Q 2020 3Q 2020 4Q 2020 Ending Occupancy 87.4% 84.9% 83.3% 81.8% Sequential Decline (130bps) (250bps) (160bps) (150bps) Expenses NOI & AFFO 4Q 2020 FY 2020 Total Same Store Cash NOI YoY Change (9.6%) (5.1%) AFFO Per Diluted Share $0.17 $0.71 FIRST QUARTER 2021 GUIDANCE Due to the ongoing uncertainty caused by the pandemic, New Senior will not be providing full year 2021 guidance at this time. However, based on the Companys financial results to date, as well as the observations and trends discussed above in COVID-19 Impact on the Company, New Senior is providing first quarter 2021 guidance for occupancy, total same store cash NOI and AFFO per share as follows: First Quarter 2021 Guidance Sequential IL Occupancy Decline Down appx. 170bps Total Same Store Cash NOI YoY (103 Properties) Down appx. 15% AFFO Per Share $0.14 to $0.15 The first quarter 2021 occupancy assumption includes monthly sequential declines of 80bps in January, 60bps in February and 30bps in March. The occupancy declines are estimated to improve throughout the quarter based on the latest trends observed, which includes an increase in lead volume in January and February. In addition, declining COVID-19 cases and the accelerating rollout of vaccines across the portfolio are expected to drive near-term improvement in occupancy trends. The estimates above are based on a number of assumptions that are subject to change and many of which are outside of the Companys control. If actual results vary from these assumptions, the Companys expectations may change. There can be no assurance that the Company will achieve these results. A reconciliation of the Companys expectations to its projected GAAP measures is included in this press release. OTHER ANNOUNCEMENTS ATM PROGRAM The Company also announced today that it intends to establish an "at-the-market" program through which it may issue and sell, from time to time, up to an aggregate of $100 million of the Company's common stock through designated broker-dealers at prevailing market prices and in such share amounts as the Company may specify. ADDITIONAL INFORMATION For additional information that management believes to be useful for investors, including more information regarding the COVID-19 pandemic and its impact on our business, please refer to the Company Update and to the Quarterly Supplement, each of which is posted in the Investor Relations section of New Seniors website, www.newseniorinv.com. EARNINGS CONFERENCE CALL Management will host a conference call on February 25, 2021 at 9:00 A.M. Eastern Time. The conference call may be accessed by dialing (888) 317-6003 (from within the U.S.) or (412) 317-6061 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please use entry number 0782659. A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.newseniorinv.com. Please allow extra time prior to the call to visit the website and download any necessary software required to listen to the internet broadcast. A telephonic replay of the conference call will also be available approximately two hours following the calls completion through March 25, 2021 by dialing (877) 344-7529 (from within the U.S.) or (412) 317-0088 (from outside the U.S.); please use access code 10152039. ABOUT NEW SENIOR New Senior Investment Group Inc. (NYSE: SNR) is a publicly-traded real estate investment trust with a diversified portfolio of senior housing properties located across the United States. New Senior is one of the largest owners of senior housing properties, with 103 properties across 36 states. More information about New Senior can be found at www.newseniorinv.com. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain information in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation statements regarding New Seniors 2021 strategic priorities and expectations with respect to the potential range of 2021 financial results; the expected impact of the COVID-19 pandemic on our business, liquidity, properties, operators and the health systems and populations that we serve; the cost and effectiveness of measures we have taken to respond to the COVID-19 pandemic, including health and safety protocols and system capacity enhancements that are intended to limit the transmission of COVID-19 at our properties; our expected occupancy rates and operating expenses; and the declaration or amount of any future dividend. These statements are not historical facts. They represent managements current expectations regarding future events and are subject to a number of risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties relating to the continuing impact of COVID-19 on our operations and the operation of our facilities, including ongoing cases at certain of our facilities, the speed, geographic reach and duration of the COVID-19 pandemic; the legal, regulatory and administrative developments that occur at the federal, state and local levels; the efficacy of our operators infectious disease protocols and prevention efforts; the broader impact of the pandemic on local economies and labor markets; the overall demand for our communities in the recovery period following the pandemic; our ability to successfully manage the asset management by third parties; and market conditions generally which affect demand and supply for senior housing. We believe that the adverse impact that COVID-19 will have on the future operations and financial results at our communities will depend upon many factors, most of which are beyond our ability to control or predict. Accordingly, you should not place undue reliance on any forward-looking statements contained herein. For a discussion of these and other risks and important factors that could affect such forward-looking statements, see the sections entitled Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations in the Companys most recent annual and quarterly reports filed with the Securities and Exchange Commission, which are available on the Companys website (www.newseniorinv.com). New risks and uncertainties emerge from time to time, and it is not possible for us to predict or assess the impact of every factor that may cause our results to differ materially from those anticipated by any forward-looking statements. Forward-looking statements contained herein, and all statements made in this press release, speak only as of the date of this press release, and the Company expressly disclaims any duty or obligation to release publicly any updates or revisions to any statements contained herein to reflect any change in the Companys expectations with regard thereto or change in events, conditions or circumstances on which any statement is based. December 31, 2020 December 31, 2019 $ 134,643 $ 134,643 1,983,363 1,970,036 (417,455 ) (351,555 ) 1,700,551 1,753,124 7,642 7,642 (2,595 ) (2,238 ) 5,047 5,404 1,705,598 1,758,528 - 363,489 33,046 39,614 34,892 33,078 $ 1,773,536 $ 2,194,709 $ 1,486,164 $ 1,590,632 - 267,856 63,886 59,320 1,550,050 1,917,808 20,253 40,506 - - 830 830 907,577 901,889 (694,194 ) (660,588 ) (10,980 ) (5,736 ) 203,233 236,395 $ 1,773,536 $ 2,194,709 Three Months Ended December 31, Year Ended December 31, 2020 2019 2020 2019 (unaudited) $ 80,411 $ 84,630 $ 329,951 $ 339,573 1,582 1,583 6,330 6,330 81,993 86,212 336,281 345,903 48,279 50,149 198,061 204,357 14,522 17,982 61,562 76,364 15,769 17,502 66,291 68,806 5,373 5,925 23,018 21,672 272 332 467 1,501 - - 5,884 335 944 683 1,464 2,076 85,159 92,573 356,747 375,111 - - - (122 ) - 82 - 38,308 (3,166 ) (6,279 ) (20,466 ) 8,978 22 22 178 210 (3,188 ) (6,301 ) (20,644 ) 8,768 - - 19,992 - - 245 (3,107 ) (6,754 ) - 245 16,885 (6,754 ) (3,188 ) (6,056 ) (3,759 ) 2,014 (601 ) (605 ) (2,403 ) (2,407 ) ($ 3,789 ) ($ 6,661 ) ($ 6,162 ) ($ 393 ) ($ 0.05 ) ($ 0.08 ) ($ 0.28 ) $ 0.08 - 0.00 0.20 (0.08 ) (0.05 ) (0.08 ) (0.08 ) (0.00 ) ($ 0.05 ) ($ 0.08 ) ($ 0.28 ) $ 0.08 - 0.00 0.20 (0.08 ) (0.05 ) (0.08 ) (0.08 ) (0.00 ) 82,568,966 82,209,844 82,496,460 82,208,173 82,568,966 82,209,844 82,496,460 82,208,173 $ 0.07 $ 0.13 $ 0.33 $ 0.52 (A) Basic earnings per common share (EPS) is calculated by dividing net income (loss) attributable to common stockholders by the weighted average number of shares of common stock outstanding. The outstanding shares used to calculate the weighted average basic shares exclude 454,921 and 754,594 restricted stock awards, net of forfeitures, as of December 31, 2020 and 2019 respectively, as those shares were issued but were not vested and therefore, not considered outstanding for purposes of computing basic income (loss) per share. Diluted EPS is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of shares of common stock outstanding plus the additional dilutive effect, if any, of common stock equivalents during each period. (B) Dilutive share equivalents and options were excluded for the three months ended December 31, 2020 and 2019, and for the year ended December 31, 2020 as their inclusion would have been anti-dilutive given our loss position. For the Quarter Ended For the Year Ended December 31, 2020 December 31, 2020 $ 81,993 $ 336,281 (48,279 ) (198,061 ) 33,714 138,220 (14,522 ) (61,562 ) (15,769 ) (66,291 ) (5,373 ) (23,018 ) (272 ) (467 ) (5,884 ) (944 ) (1,464 ) (22 ) (178 ) (3,188 ) (20,644 ) 19,992 (3,107 ) - 16,885 (3,188 ) (3,759 ) (601 ) (2,403 ) $ (3,789 ) $ (6,162 ) Reconciliation of Net Income to FFO, Normalized FFO, AFFO and Normalized FAD (unaudited) (dollars and shares in thousands, except per share data) For the Quarter Ended For the Year Ended December 31, 2020 December 31, 2020 $ (3,789 ) $ (6,162 ) - (19,992 ) 15,769 66,291 $ 11,980 $ 40,137 $ 0.15 $ 0.49 $ 0.14 $ 0.48 272 1,504 299 1,280 - 9,486 957 1,345 $ 13,508 $ 53,752 $ 0.16 $ 0.65 $ 0.16 $ 0.64 (95 ) (431 ) 799 3,380 (1,118 ) (3,022 ) 1,452 5,393 $ 14,546 $ 59,072 $ 0.18 $ 0.72 $ 0.17 $ 0.71 (1,795 ) (6,045 ) $ 12,751 $ 53,027 $ 0.15 $ 0.64 $ 0.15 $ 0.63 82,569 82,496 84,272 83,547 (A) Primarily includes insurance recoveries and casualty related charges. (B) Includes amortization of deferred community fees and other, which includes the net change in deferred community fees and other rent discounts or incentives. (C) Diluted share amounts have been calculated using the treasury stock method. 4Q 2020 4Q 2019 IL Properties CCRC Total IL Properties CCRC Total $31,453 $1,490 $32,943 $34,502 $1,450 $35,952 (442 ) - (442 ) - - 31,011 1,490 32,501 34,502 1,450 35,952 - 95 95 - 134 134 1,120 (2 ) 1,118 (21 ) (2 ) (23 ) $32,131 $1,583 $33,714 $34,481 $1,583 $36,063 (14,522 ) (17,982 ) (15,769 ) (17,502 ) (5,373 ) (5,925 ) (272 ) (332 ) (944 ) (683 ) (22 ) (22 ) 82 (3,188 ) (6,301 ) 245 (3,188 ) (6,056 ) (601 ) (605 ) ($3,789 ) ($6,661 ) (A) Consists of amortization of deferred community fees and other, which includes the net change in deferred community fees and other rent discounts or incentives. 4Q 2020 3Q 2020 IL Properties CCRC Total IL Properties CCRC Total $31,453 $1,490 $32,943 $32,250 $1,490 $33,740 (442 ) - (442 ) (785 ) - (785 ) 31,011 1,490 32,501 31,465 1,490 32,955 - 95 95 - 95 95 1,120 (2 ) 1,118 160 (2 ) 158 $32,131 $1,583 $33,714 $31,625 $1,583 $33,208 (14,522 ) (14,540 ) (15,769 ) (16,204 ) (5,373 ) (5,905 ) (272 ) (43 ) (944 ) (192 ) (22 ) (74 ) (3,188 ) (3,750 ) (601 ) (605 ) ($3,789 ) ($4,355 ) (A) Consists of amortization of deferred community fees and other, which includes the net change in deferred community fees and other rent discounts or incentives. 2020 2019 IL Properties CCRC Total IL Properties CCRC / Other Properties Total $133,041 $5,907 $138,948 $137,307 $5,749 $143,056 (3,171 ) - (3,171 ) - - - 129,870 5,907 135,777 137,307 5,749 143,056 - - - - (626 ) (626 ) - 431 431 - 589 589 2,020 (8 ) 2,012 (1,539 ) 66 (1,473 ) $131,890 $6,330 $138,220 $135,768 $5,778 $141,546 (61,562 ) (76,364 ) (66,291 ) (68,806 ) (23,018 ) (21,672 ) (467 ) (1,501 ) (5,884 ) (335 ) (1,464 ) (2,076 ) (178 ) (210 ) 38,308 (122 ) (20,644 ) 8,768 19,992 (3,107 ) (6,754 ) 16,885 (6,754 ) (3,759 ) 2,014 (2,403 ) (2,407 ) ($6,162 ) ($393 ) (A) Consists of amortization of deferred community fees and other, which includes the net change in deferred community fees and other rent discounts or incentives. Interest Expense Reconciliation (dollars in thousands) 4Q 2020 3Q 2020 2Q 2020 $ 14,522 $ 14,540 $ 15,281 (799 ) (803 ) (872 ) $ 13,723 $ 13,737 $ 14,409 First Quarter 2021 Per Diluted Share Low High $(0.08) - $(0.07) 0.19 - 0.19 $0.11 - $0.12 0.01 - 0.01 $0.12 - $0.13 0.01 - 0.01 (0.01) - (0.01) 0.02 - 0.02 $0.14 - $0.15 ROUNDING Throughout this Press Release, totals and subtotals of certain tables may not sum due to rounding. NON-GAAP FINANCIAL MEASURES The tables above set forth reconciliations of non-GAAP measures to net income (loss), which is the most directly comparable GAAP financial measure. A non-GAAP financial measure is a measure of historical or future financial performance, financial position or cash flows that excludes or includes amounts that are not excluded from or included in the most comparable GAAP measure. We consider certain non-GAAP financial measures to be useful supplemental measures of our operating performance. GAAP accounting for real estate assets assumes that the value of real estate assets diminishes predictably over time, even though real estate values historically have risen or fallen with market conditions. As a result, many industry investors look to non-GAAP financial measures for supplemental information about real estate companies. You should not consider non-GAAP measures as alternatives to GAAP net (loss) income, which is an indicator of our financial performance, or as alternatives to GAAP cash flow from operating activities, which is a liquidity measure, nor are non-GAAP measures necessarily indicative of our ability to satisfy our funding requirements. In order to facilitate a clear understanding of our consolidated historical operating results, you should examine our non-GAAP measures in conjunction with GAAP net (loss) income as presented in our Consolidated Financial Statements and other financial data included elsewhere in this press release. Moreover, the comparability of non-GAAP financial measures across companies may be limited as a result of differences in the manner in which real estate companies calculate such measures, the capital structure of such companies or other factors. Below is a description of the non-GAAP financial measures presented herein. NOI, Cash NOI and Cash Interest Expense The Company evaluates the performance of our properties based on NOI and cash NOI. The Company defines NOI as total revenues less property-level operating expenses, which include property management fees and travel cost reimbursements. The sum of the NOI for each segment is total NOI, which the Company uses to evaluate the aggregate performance of its segments. The Company defines Cash NOI as NOI excluding the effects of straight-line rent, amortization of above / below market lease intangibles and amortization of deferred community fees and other, which includes the net change in deferred community fees and other rent discounts or incentives. We believe that NOI and Cash NOI serve as useful supplemental measures to net income because they allow investors, analysts and management to measure unlevered property-level operating results and to compare our operating results between periods and to the operating results of other real estate companies on a consistent basis. Same store NOI and same store cash NOI include only properties owned for the entirety of comparable periods. Properties acquired, sold, transitioned to other operators or between segments, or classified as held for sale or discontinued operations during the comparable periods are excluded from the same store amounts. Please see the Companys most recent quarterly report filed with the Securities and Exchange Commission for more information. Cash interest expense is defined as interest expense excluding the amortization of deferred financing costs and includes the interest expense on debt repaid upon the sale of the AL/MC portfolio (classified as discontinued operations). FFO and Other Non-GAAP Measures We use Funds From Operations ("FFO") and Normalized FFO as supplemental measures of our operating performance. We use the National Association of Real Estate Investment Trusts ("NAREIT") definition of FFO. NAREIT defines FFO as GAAP net income (loss) attributable to common stockholders, which includes loss from discontinued operations, excluding gains (losses) from sales of depreciable real estate assets and impairment charges of depreciable real estate, plus real estate depreciation and amortization, and after adjustments for unconsolidated entities and joint ventures to reflect FFO on the same basis. FFO does not account for debt principal payments and is not intended as a measure of a REITs ability to satisfy such payments or any other cash requirements. Normalized FFO, as defined below, measures the financial performance of our portfolio of assets excluding items that, although incidental to, are not reflective of the day-to-day operating performance of our portfolio of assets. We believe that Normalized FFO is useful because it facilitates the evaluation of our portfolios operating performance (i) between periods on a consistent basis and (ii) to the operating performance of other real estate companies. However, comparability may be limited because our calculation of Normalized FFO may differ significantly from that of other companies or because of features of our business that are not present in other companies. We define Normalized FFO as FFO excluding the following income and expense items, as applicable: (a) acquisition, transaction and integration related expenses; (b) the write off of unamortized discounts, premiums, deferred financing costs, or additional costs, make whole payments and penalties or premiums incurred as the result of early repayment of debt (collectively Gain (Loss) on extinguishment of debt); (c) incentive compensation to affiliate recognized as a result of sales of real estate; (d) the remeasurement of deferred tax assets; (e) valuation allowance on deferred tax assets, net; (f) termination fee to affiliate; (g) gain on lease termination; (h) compensation expense related to transition awards; (i) litigation proceeds; and (j) other items that we believe are not indicative of operating performance, generally reported as Other expense (income) in our Consolidated Statements of Operations. We also use Adjusted FFO (AFFO) and Normalized FAD as supplemental measures of our operating performance. We believe AFFO is useful because it facilitates the evaluation of (i) the current economic return on our portfolio of assets between periods on a consistent basis and (ii) our portfolio versus those of other real estate companies that report AFFO. However, comparability may be limited because our calculation of AFFO may differ significantly from that of other companies, or because of features of our business that are not present in other companies. We define AFFO as Normalized FFO excluding the impact of the following: (a) straight-line rents; (b) amortization of above / below market lease intangibles; (c) amortization of deferred financing costs; (d) amortization of premium or discount on mortgage notes payable; (e) amortization of deferred community fees and other, which includes the net change in deferred community fees and other rent discounts or incentives, and (f) amortization of equity-based compensation expense. We define Normalized FAD as AFFO less routine capital expenditures, which we view as a cost associated with the current economic return. Normalized FAD, which does not reflect debt principal payments and certain other expenses, does not represent cash available for distribution to shareholders. We believe Normalized FAD is useful because it fully reflects the additional economic costs of maintaining the condition of the portfolio.
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: GREENWOOD VILLAGE, Colo., June 4, 2020 /PRNewswire/ -- Century Communities, Inc.(NYSE: CCS), a leading national homebuilder, has been ranked as the ninth-largest in the country on BUILDER's Builder 100 list for the second consecutive year. Century Communities also came in at #1 on BUILDER's list of fastest-growing public builders, an achievement it has maintained for three years running. Century Communities ranks #9 on 2020 Builder 100 list. "These acknowledgments are a tremendous honor because they reflect the trust homebuyers have put in us for one of life's most important decisions," said Dale Francescon, Co-CEO of Century Communities. "It's also a direct outcome of our ongoing mission to build A Home For Every Dream." "Our continued status as the fastest-growing public builder really speaks to the quality of our teams," said Rob Francescon, Co-CEO of Century Communities. "From local sales centers and construction sites to the corporate office, our employees are unified in their dedication to providing customers with a best-in-class homebuying experience." See top builder rankings at BuilderOnline.com.Century Communities Sees Continued Success With Two-Brand ApproachMuch of Century Communities' success can be attributed to a diverse set of offerings, with homes sold under two distinct brands: Century Communities and Century Complete. Operating in locations from coast to coast, the Century Communities brand gives buyers the choice of quick move-in homes and to-be-built homesoffering ground-up personalizationwith home types ranging from single-family to townhomes and condos. Learn more about Century Communities at CenturyCommunities.com.By contrast, Century Complete has positioned itself as the national leader in online home sales, offering a completely online homebuying experience with streamlined floor plans and finishesresulting in extra savings that get passed directly to the homebuyer.Learn more about Century Complete at CenturyCompleteHomes.com.About Century CommunitiesCentury Communities, Inc. (NYSE: CCS) is a top 10 national homebuilder. Offering new homes under the Century Communities and Century Complete brands, Century is engaged in all aspects of homebuildingincluding the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Colorado-based company operates in 17 states across the U.S., and offers title, insurance and lending services in select markets through its Parkway Title, IHL Insurance Agency, and Inspire Home Loan subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com. SOURCE Century Communities, Inc. Related Links http://www.centurycommunities.com/ Answer:
Century Communities Ranks #9 On 2020 Builder 100 List Homebuilder also named fastest-growing public builder for the third year in a row
GREENWOOD VILLAGE, Colo., June 4, 2020 /PRNewswire/ -- Century Communities, Inc.(NYSE: CCS), a leading national homebuilder, has been ranked as the ninth-largest in the country on BUILDER's Builder 100 list for the second consecutive year. Century Communities also came in at #1 on BUILDER's list of fastest-growing public builders, an achievement it has maintained for three years running. Century Communities ranks #9 on 2020 Builder 100 list. "These acknowledgments are a tremendous honor because they reflect the trust homebuyers have put in us for one of life's most important decisions," said Dale Francescon, Co-CEO of Century Communities. "It's also a direct outcome of our ongoing mission to build A Home For Every Dream." "Our continued status as the fastest-growing public builder really speaks to the quality of our teams," said Rob Francescon, Co-CEO of Century Communities. "From local sales centers and construction sites to the corporate office, our employees are unified in their dedication to providing customers with a best-in-class homebuying experience." See top builder rankings at BuilderOnline.com.Century Communities Sees Continued Success With Two-Brand ApproachMuch of Century Communities' success can be attributed to a diverse set of offerings, with homes sold under two distinct brands: Century Communities and Century Complete. Operating in locations from coast to coast, the Century Communities brand gives buyers the choice of quick move-in homes and to-be-built homesoffering ground-up personalizationwith home types ranging from single-family to townhomes and condos. Learn more about Century Communities at CenturyCommunities.com.By contrast, Century Complete has positioned itself as the national leader in online home sales, offering a completely online homebuying experience with streamlined floor plans and finishesresulting in extra savings that get passed directly to the homebuyer.Learn more about Century Complete at CenturyCompleteHomes.com.About Century CommunitiesCentury Communities, Inc. (NYSE: CCS) is a top 10 national homebuilder. Offering new homes under the Century Communities and Century Complete brands, Century is engaged in all aspects of homebuildingincluding the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Colorado-based company operates in 17 states across the U.S., and offers title, insurance and lending services in select markets through its Parkway Title, IHL Insurance Agency, and Inspire Home Loan subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com. SOURCE Century Communities, Inc. Related Links http://www.centurycommunities.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: ATLANTA, April 30, 2020 /PRNewswire/ --Following a range of measures initiated by Porsche to support customers during the COVID-19 pandemic, the German sports car manufacturer is now offering an automatic extension on new vehicle warranties in the United States and worldwide. Porsche offers three-month extension for warranties expiring before the end of May to help ensure customer mobility. (PRNewsfoto/Porsche Cars North America, Inc.) The three-month extension will benefit owners of new vehicles with warranties set to expire between March and May 2020, thus ensuring customer mobility at a critical time. For example, a warranty that would otherwise expire on May 15 will automatically be extended until August 15. The extension also pushes back the start and end dates of Certified Porsche Approved Warranties, if they were scheduled to start immediately after new car warranties in the same March-May period. "We wish to help our customers as we work our way through this unparalleled situation together," said Klaus Zellmer, President and CEO of Porsche Cars North America, Inc. (PCNA). "The purpose of a warranty is peace of mind, which is something we are happy to provide at a time when it is needed most." For U.S. owners, the warranty extension is the latest in a line of initiatives driven by PCNA and Porsche dealer partners under the banner of "Porsche At Your Service" (PAYS). This new program bundles online and home options, providing a seamless customer experience and access to mobility. PAYS services include home pick-up and drop-off for maintenance and repair. While this offering has been available, PCNA is assisting an increasing number of Porsche dealers to adopt the solution for customers who may be concerned about coming to the dealership. Additionally, digital retail programs have been expanded to more dealer partners, allowing Porsche customers to complete the majority of the car buying experience online with home delivery available upon purchase. Furthermore, Porsche Financial Services (PFS) is doing its part in financing the mobility needs of customers. PFS is offering: Lease-end extensions: Porsche Financial Services (PFS) is offering up to a six-month extension on lease contracts, for all requests received through May 31, 2020, four months longer than the regular extension period, to give customers peace of mind that their mobility needs are secured. Payment deferrals: In addition to the longer lease extensions, PFS will, on a case-by-case basis, consider payment deferrals on both lease and retail contracts. Most payment deferrals are 30-60 days based on individual need, which proved to be very beneficial to customers during the financial crisis of 2008. 90 Day to First Payment Finance Program: In states where the laws allow, PFS is offering a "90 Days to First Payment" finance program for new and Certified Pre-Owned vehicles, on retail finance contracts dated April 4 - June 30, 2020. This program is not available in Pennsylvania or Maine due to state regulations. 1.95% APR for 60 Months Finance Program: PFS is offering a 1.95% APR for up to 60 months on select New and CPO retail finance contracts dated on or between April 16 - June 1, 2020. The 1.95% program is compatible with the 90 Days to First Payment Finance Program. This program is only available to Level 1 (Tier 1 credit) qualifying customers. About Porsche Cars North America, Inc. | One Porsche Drive, Atlanta, GA 30354 USAEstablished in 1984, Porsche Cars North America, Inc. (PCNA) is the exclusive U.S. importer of the Porsche 911, 718 Boxster and 718 Cayman; Macan and Cayenne; Panamera; and Taycan. Headquartered in Atlanta, Georgia, since 1998, PCNA is also home to the first Porsche Experience Center in North America featuring a module-based 1.6 mile driver development track, business center, and fine dining restaurant, 356. The company operates a second Porsche Experience Center near Los Angeles. That 53-acre complex features a driver development track with eight educational modules totaling 4.1 miles, a business center, and Restaurant 917.PCNA supports 192 independently owned and operated Porsche dealerships in the U.S., including supplying parts, service, marketing, and training. They, in turn, work to provide Porsche customers with a best-in-class experience that is in keeping with the Porsche brand's 70-year history of leadership in the advancement of vehicle performance, safety, and efficiency. PCNA is an indirect wholly-owned subsidiary of Porsche AG, which is headquartered in Stuttgart, Germany. At the core of this success is Porsche's proud racing heritage that boasts some 30,000-plus motorsport wins to date.Follow us: twitter.com/porsche| facebook.com/porschePhotos and video footage are available to accredited journalists on the Porsche Press Database at http://press.porsche.com/About Porsche Financial Services, Inc.Porsche Financial Services, Inc. (PFS), based in Atlanta, Georgia, is the dedicated provider of leasing and financing products for Porsche in the United States. Founded in 1991, PFS provides custom financial solutions and products to Porsche customers and dealers in the United States. In 2012, PFS expanded its North America operations to become the captive finance provider for the exclusive brands of the VW Group which include Bentley, Lamborghini, and Bugatti. As an integrated premium financial services provider, every new product whether it be a leasing offer or a service offer contains the DNA of some of the world's most exclusive vehicle manufacturers.SOURCE Porsche Cars North America, Inc. Related Links http://www.porsche.com Answer:
Porsche Offers Three-Month Extension for Warranties Expiring Before the End of May to Help Ensure Customer Mobility In a continued effort to secure customers' mobility needs at a critical time, Porsche is providing a three-month extension on new vehicle warranties set to expire through the end of May
ATLANTA, April 30, 2020 /PRNewswire/ --Following a range of measures initiated by Porsche to support customers during the COVID-19 pandemic, the German sports car manufacturer is now offering an automatic extension on new vehicle warranties in the United States and worldwide. Porsche offers three-month extension for warranties expiring before the end of May to help ensure customer mobility. (PRNewsfoto/Porsche Cars North America, Inc.) The three-month extension will benefit owners of new vehicles with warranties set to expire between March and May 2020, thus ensuring customer mobility at a critical time. For example, a warranty that would otherwise expire on May 15 will automatically be extended until August 15. The extension also pushes back the start and end dates of Certified Porsche Approved Warranties, if they were scheduled to start immediately after new car warranties in the same March-May period. "We wish to help our customers as we work our way through this unparalleled situation together," said Klaus Zellmer, President and CEO of Porsche Cars North America, Inc. (PCNA). "The purpose of a warranty is peace of mind, which is something we are happy to provide at a time when it is needed most." For U.S. owners, the warranty extension is the latest in a line of initiatives driven by PCNA and Porsche dealer partners under the banner of "Porsche At Your Service" (PAYS). This new program bundles online and home options, providing a seamless customer experience and access to mobility. PAYS services include home pick-up and drop-off for maintenance and repair. While this offering has been available, PCNA is assisting an increasing number of Porsche dealers to adopt the solution for customers who may be concerned about coming to the dealership. Additionally, digital retail programs have been expanded to more dealer partners, allowing Porsche customers to complete the majority of the car buying experience online with home delivery available upon purchase. Furthermore, Porsche Financial Services (PFS) is doing its part in financing the mobility needs of customers. PFS is offering: Lease-end extensions: Porsche Financial Services (PFS) is offering up to a six-month extension on lease contracts, for all requests received through May 31, 2020, four months longer than the regular extension period, to give customers peace of mind that their mobility needs are secured. Payment deferrals: In addition to the longer lease extensions, PFS will, on a case-by-case basis, consider payment deferrals on both lease and retail contracts. Most payment deferrals are 30-60 days based on individual need, which proved to be very beneficial to customers during the financial crisis of 2008. 90 Day to First Payment Finance Program: In states where the laws allow, PFS is offering a "90 Days to First Payment" finance program for new and Certified Pre-Owned vehicles, on retail finance contracts dated April 4 - June 30, 2020. This program is not available in Pennsylvania or Maine due to state regulations. 1.95% APR for 60 Months Finance Program: PFS is offering a 1.95% APR for up to 60 months on select New and CPO retail finance contracts dated on or between April 16 - June 1, 2020. The 1.95% program is compatible with the 90 Days to First Payment Finance Program. This program is only available to Level 1 (Tier 1 credit) qualifying customers. About Porsche Cars North America, Inc. | One Porsche Drive, Atlanta, GA 30354 USAEstablished in 1984, Porsche Cars North America, Inc. (PCNA) is the exclusive U.S. importer of the Porsche 911, 718 Boxster and 718 Cayman; Macan and Cayenne; Panamera; and Taycan. Headquartered in Atlanta, Georgia, since 1998, PCNA is also home to the first Porsche Experience Center in North America featuring a module-based 1.6 mile driver development track, business center, and fine dining restaurant, 356. The company operates a second Porsche Experience Center near Los Angeles. That 53-acre complex features a driver development track with eight educational modules totaling 4.1 miles, a business center, and Restaurant 917.PCNA supports 192 independently owned and operated Porsche dealerships in the U.S., including supplying parts, service, marketing, and training. They, in turn, work to provide Porsche customers with a best-in-class experience that is in keeping with the Porsche brand's 70-year history of leadership in the advancement of vehicle performance, safety, and efficiency. PCNA is an indirect wholly-owned subsidiary of Porsche AG, which is headquartered in Stuttgart, Germany. At the core of this success is Porsche's proud racing heritage that boasts some 30,000-plus motorsport wins to date.Follow us: twitter.com/porsche| facebook.com/porschePhotos and video footage are available to accredited journalists on the Porsche Press Database at http://press.porsche.com/About Porsche Financial Services, Inc.Porsche Financial Services, Inc. (PFS), based in Atlanta, Georgia, is the dedicated provider of leasing and financing products for Porsche in the United States. Founded in 1991, PFS provides custom financial solutions and products to Porsche customers and dealers in the United States. In 2012, PFS expanded its North America operations to become the captive finance provider for the exclusive brands of the VW Group which include Bentley, Lamborghini, and Bugatti. As an integrated premium financial services provider, every new product whether it be a leasing offer or a service offer contains the DNA of some of the world's most exclusive vehicle manufacturers.SOURCE Porsche Cars North America, Inc. Related Links http://www.porsche.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: WASHINGTON, April 1, 2020 /PRNewswire/ --More than 12,000 people have applied to join NASA's next class of astronauts, demonstrating strong national interest to take part in America's plans to explore the Moon and take humanity's next giant leap human missions to Mars. Applications were received from every U.S. state, the District of Columbia, and four U.S. territories. However, the process is just beginning for NASA's Astronaut Selection Board, which will assess the applicants' qualifications and invite the most qualified candidates to the agency's Johnson Space Center in Houston for interviews and medical tests before making a final selection. NASA expects to introduce the new astronaut candidates in the summer of 2021. "We've entered a bold new era of space exploration with the Artemis program, and we are thrilled to see so many incredible Americans apply to join us," said NASA Administrator Jim Bridenstine. "The next class of Artemis Generation astronauts will help us explore more of the Moon than ever before and lead us to the Red Planet." The application for the newest class of astronauts opened March 2 and closed March 31. The number of people who applied to be an astronaut represents the second-highest number of applications NASA has ever received, surpassed only by the record of 18,300 set by the most recent class of astronauts who graduatedin January. For this round of applications, NASA increased the education requirement for applicants from a bachelor's degree to a master's degree in a science, technology, math, or engineering field. In addition, the application period was shortened from two months to one. "We're able to build such a strong astronaut corps at NASA because we have such a strong pool of applicants to choose from," said Anne Roemer, manager of the Astronaut Selection Board and director of human resources at Johnson. "It's always amazing to see the diversity of education, experience and skills that are represented in our applicants. We are excited to start reviewing astronaut applications to identify the next class of astronaut candidates." Since the 1960s, NASA has selected 350 people to train as astronaut candidates for its increasingly challenging missions to explore space. With 48 astronauts in the active astronaut corps, more will be needed to serve as crew aboard spacecraft bound for multiple destinations and propel exploration forward as part of Artemis missions and beyond. Once selected, the astronaut candidates will go through approximately two years of initial skills training, such as spacewalking, robotics, and spacecraft systems, as well as expeditionary behaviorskills, such as leadership, followership, and teamwork. After completing training, the new astronauts could launch on American rockets and spacecraft -- developed for NASA's Commercial Crew Program -- to live and work aboard the International Space Station, 250 miles above Earth. There they will take part in experiments that benefit life at home and prepare us for the Moon and Mars. This new class also may launch aboard NASA's powerful new Space Launch System rocket and Orion spacecraft for Artemis missions to the Moon. Beginning in 2024, NASA will send the first woman and next man to the lunar surface and will establish sustainable lunar exploration by 2028. Gaining insights from new experiences on and around the Moon will prepare NASA to send the first humans to Mars in the 2030s. For more information about NASA astronauts, visit: http://www.nasa.gov/astronauts SOURCE NASA Related Links http://www.nasa.gov Answer:
Thousands Apply to Join NASA's Artemis Generation, #BeAnAstronaut
WASHINGTON, April 1, 2020 /PRNewswire/ --More than 12,000 people have applied to join NASA's next class of astronauts, demonstrating strong national interest to take part in America's plans to explore the Moon and take humanity's next giant leap human missions to Mars. Applications were received from every U.S. state, the District of Columbia, and four U.S. territories. However, the process is just beginning for NASA's Astronaut Selection Board, which will assess the applicants' qualifications and invite the most qualified candidates to the agency's Johnson Space Center in Houston for interviews and medical tests before making a final selection. NASA expects to introduce the new astronaut candidates in the summer of 2021. "We've entered a bold new era of space exploration with the Artemis program, and we are thrilled to see so many incredible Americans apply to join us," said NASA Administrator Jim Bridenstine. "The next class of Artemis Generation astronauts will help us explore more of the Moon than ever before and lead us to the Red Planet." The application for the newest class of astronauts opened March 2 and closed March 31. The number of people who applied to be an astronaut represents the second-highest number of applications NASA has ever received, surpassed only by the record of 18,300 set by the most recent class of astronauts who graduatedin January. For this round of applications, NASA increased the education requirement for applicants from a bachelor's degree to a master's degree in a science, technology, math, or engineering field. In addition, the application period was shortened from two months to one. "We're able to build such a strong astronaut corps at NASA because we have such a strong pool of applicants to choose from," said Anne Roemer, manager of the Astronaut Selection Board and director of human resources at Johnson. "It's always amazing to see the diversity of education, experience and skills that are represented in our applicants. We are excited to start reviewing astronaut applications to identify the next class of astronaut candidates." Since the 1960s, NASA has selected 350 people to train as astronaut candidates for its increasingly challenging missions to explore space. With 48 astronauts in the active astronaut corps, more will be needed to serve as crew aboard spacecraft bound for multiple destinations and propel exploration forward as part of Artemis missions and beyond. Once selected, the astronaut candidates will go through approximately two years of initial skills training, such as spacewalking, robotics, and spacecraft systems, as well as expeditionary behaviorskills, such as leadership, followership, and teamwork. After completing training, the new astronauts could launch on American rockets and spacecraft -- developed for NASA's Commercial Crew Program -- to live and work aboard the International Space Station, 250 miles above Earth. There they will take part in experiments that benefit life at home and prepare us for the Moon and Mars. This new class also may launch aboard NASA's powerful new Space Launch System rocket and Orion spacecraft for Artemis missions to the Moon. Beginning in 2024, NASA will send the first woman and next man to the lunar surface and will establish sustainable lunar exploration by 2028. Gaining insights from new experiences on and around the Moon will prepare NASA to send the first humans to Mars in the 2030s. For more information about NASA astronauts, visit: http://www.nasa.gov/astronauts SOURCE NASA Related Links http://www.nasa.gov
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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 "Europe Automotive Ceramics Market By Application (Passenger Vehicles and Commercial Vehicles), By Material (Alumina, Zirconia and Other Material), By Country, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering. The Europe Automotive Ceramics Market is expected to witness market growth of 8.5% CAGR during the forecast period (2020-2026). The rising demand in the end-user industries for advanced ceramics is the key factor driving the market growth during the forecast years. However, the increasing automobile and electrical & electronic industry are expected to contribute significantly to the growth of the advanced ceramics market in developing regions. In addition to this, the feasible substitution of metal and plastics, among others, with advanced ceramics in the automotive industry is also projected to lead to market growth. Advanced ceramic technologies are growing in insulating, semiconducting, and superconducting, magnetic, and piezoelectric technologies. Growth in the sector is attributed to the increasing growth of the automotive, machinery, and electrical and electronics industry. Additionally, the benefits of advanced alumina ceramics, such as weather and corrosion resistance, are expected to contribute to the segment's growth. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Scope of the Study Market Segmentation: By Application By End User By Country For more information about this report visit https://www.researchandmarkets.com/r/6vv15f Answer:
Europe Automotive Ceramics (Alumina, Zirconia and Other Material) Market Analysis and Forecast, 2020-2026 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Europe Automotive Ceramics Market By Application (Passenger Vehicles and Commercial Vehicles), By Material (Alumina, Zirconia and Other Material), By Country, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering. The Europe Automotive Ceramics Market is expected to witness market growth of 8.5% CAGR during the forecast period (2020-2026). The rising demand in the end-user industries for advanced ceramics is the key factor driving the market growth during the forecast years. However, the increasing automobile and electrical & electronic industry are expected to contribute significantly to the growth of the advanced ceramics market in developing regions. In addition to this, the feasible substitution of metal and plastics, among others, with advanced ceramics in the automotive industry is also projected to lead to market growth. Advanced ceramic technologies are growing in insulating, semiconducting, and superconducting, magnetic, and piezoelectric technologies. Growth in the sector is attributed to the increasing growth of the automotive, machinery, and electrical and electronics industry. Additionally, the benefits of advanced alumina ceramics, such as weather and corrosion resistance, are expected to contribute to the segment's growth. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Scope of the Study Market Segmentation: By Application By End User By Country For more information about this report visit https://www.researchandmarkets.com/r/6vv15f
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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, May 18, 2020 /PRNewswire/ -- The global insulin storage devices marketsize is expected to reach USD 1.3 billion by 2027, registering revenue based CAGR of 7.8% over the forecast period, according to a new report by Grand View Research, Inc. Increasing incidence of diabetes and rising adoption of advanced insulin delivery devices are the key factors driving the market. Rising government initiatives and increasing awareness about insulin storage are also among the major factors contributing to the market growth. Key suggestions from the report: North America accounted for the largest insulin storage devices market share in 2019 owing to favorable reimbursement policies, presence of key players, and frequent product launches Asia Pacific is expected to see robust growth during the forecast period owing to the large diabetic population By product, the battery-operated devices segment dominated the market owing to high cost of products and high adoption The type 1 patients segment accounted for the largest revenue share/ volume share due to high demand, whereas the type 2 patients segment is expected to grow at the fastest rate due to rising awareness about diabetes preventive care The leading players in the industries are DISIONCARE; ReadyCare, LLC; Tawa Outdoor; Medicool, Arkray, Inc.; Cooluli; Zhengzhou Defrigus Electric Device Co. Ltd.; Zhengzhou Olive Electronic Technology Co., Ltd.; and others. Read 110 page research report with ToC on "Insulin Storage Devices Market Size, Share & Trends Analysis Report By Devices (Insulated Kits, Battery Operated Devices), By Patient Type (Type 1, Type 2), By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/insulin-storage-devices-market A sedentary lifestyle and nutrition transition are some of the major factors leading to increasing cases of obesity, which significantly enhances the risk of diabetes. According to the WHO, in 2016, there were 650 million obese people in the world and this number is expected to rise significantly during the forecast period. Diabetes-related healthcare expenditure, both public and private, is also expected to grow rapidly. According to the International Diabetes Federation, healthcare expenditure due to diabetes is expected to reach 214 billion by 2045. With the increase in diabetes-related healthcare expenditure, the insulin storage devices market is expected to see frequent new product launches and advanced delivery devices thus, boosting the demand for advanced insulin storage solutions. Grand View Research has segmented the global insulin storage devices market on the basis of product type, patient type, and region: Insulin Storage Devices Product Type Outlook (Volume, Units; Revenue, USD Million, 2016 - 2027) Insulated Kits Insulin Cooling Wallets Insulin Cooling Pouches Insulated Cooler Bags Battery Operated Insulin Storage Devices Insulin Storage Devices Patient Type Outlook (Volume, Units; Revenue, USD Million, 2016 - 2027) Type 1 Diabetes Type 2 Diabetes Insulin Storage Devices Regional Outlook (Volume, Units; Revenue, USD Million, 2016 - 2027) North America U.S. Canada Europe U.K Germany France Italy Spain Czech Republic Russia Poland Turkey Switzerland Asia Pacific Japan China India Australia South Korea Vietnam Philippines Malaysia Indonesia Thailand Latin America Brazil Mexico Argentina Colombia Chile Middle East & Africa South Africa Saudi Arabia UAE Oman Egypt Find more research reports on Medical Devices Industry,by Grand View Research: Insulin Patch Pumps Market Global insulin patch pumps market size was valued at USD 768.5 million in 2019 and is expected to exhibit a CAGR of 10.9% during the forecast period. Diabetes Devices Market Global diabetes devices market size was valued at USD 23.0 billion in 2019 and is expected to expand at a CAGR of 7.8% during the forecast period. Smart Insulin Pens And Pumps Market Global smart insulin pens and pumps market size was valued at USD 2.5 billion in 2018 and is expected to expand at a CAGR of 10.0% during the forecast period. Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact:Sherry Jamesorporate Sales Specialist, USAGrand View Research, Inc.Phone: +1-415-349-0058Toll Free: 1-888-202-9519Email: [emailprotected] Web: https://www.grandviewresearch.com Follow Us: LinkedIn | Twitter SOURCE Grand View Research, Inc. Answer:
Insulin Storage Devices Market Size Worth $1.3 Billion by 2027: Grand View Research, Inc.
SAN FRANCISCO, May 18, 2020 /PRNewswire/ -- The global insulin storage devices marketsize is expected to reach USD 1.3 billion by 2027, registering revenue based CAGR of 7.8% over the forecast period, according to a new report by Grand View Research, Inc. Increasing incidence of diabetes and rising adoption of advanced insulin delivery devices are the key factors driving the market. Rising government initiatives and increasing awareness about insulin storage are also among the major factors contributing to the market growth. Key suggestions from the report: North America accounted for the largest insulin storage devices market share in 2019 owing to favorable reimbursement policies, presence of key players, and frequent product launches Asia Pacific is expected to see robust growth during the forecast period owing to the large diabetic population By product, the battery-operated devices segment dominated the market owing to high cost of products and high adoption The type 1 patients segment accounted for the largest revenue share/ volume share due to high demand, whereas the type 2 patients segment is expected to grow at the fastest rate due to rising awareness about diabetes preventive care The leading players in the industries are DISIONCARE; ReadyCare, LLC; Tawa Outdoor; Medicool, Arkray, Inc.; Cooluli; Zhengzhou Defrigus Electric Device Co. Ltd.; Zhengzhou Olive Electronic Technology Co., Ltd.; and others. Read 110 page research report with ToC on "Insulin Storage Devices Market Size, Share & Trends Analysis Report By Devices (Insulated Kits, Battery Operated Devices), By Patient Type (Type 1, Type 2), By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/insulin-storage-devices-market A sedentary lifestyle and nutrition transition are some of the major factors leading to increasing cases of obesity, which significantly enhances the risk of diabetes. According to the WHO, in 2016, there were 650 million obese people in the world and this number is expected to rise significantly during the forecast period. Diabetes-related healthcare expenditure, both public and private, is also expected to grow rapidly. According to the International Diabetes Federation, healthcare expenditure due to diabetes is expected to reach 214 billion by 2045. With the increase in diabetes-related healthcare expenditure, the insulin storage devices market is expected to see frequent new product launches and advanced delivery devices thus, boosting the demand for advanced insulin storage solutions. Grand View Research has segmented the global insulin storage devices market on the basis of product type, patient type, and region: Insulin Storage Devices Product Type Outlook (Volume, Units; Revenue, USD Million, 2016 - 2027) Insulated Kits Insulin Cooling Wallets Insulin Cooling Pouches Insulated Cooler Bags Battery Operated Insulin Storage Devices Insulin Storage Devices Patient Type Outlook (Volume, Units; Revenue, USD Million, 2016 - 2027) Type 1 Diabetes Type 2 Diabetes Insulin Storage Devices Regional Outlook (Volume, Units; Revenue, USD Million, 2016 - 2027) North America U.S. Canada Europe U.K Germany France Italy Spain Czech Republic Russia Poland Turkey Switzerland Asia Pacific Japan China India Australia South Korea Vietnam Philippines Malaysia Indonesia Thailand Latin America Brazil Mexico Argentina Colombia Chile Middle East & Africa South Africa Saudi Arabia UAE Oman Egypt Find more research reports on Medical Devices Industry,by Grand View Research: Insulin Patch Pumps Market Global insulin patch pumps market size was valued at USD 768.5 million in 2019 and is expected to exhibit a CAGR of 10.9% during the forecast period. Diabetes Devices Market Global diabetes devices market size was valued at USD 23.0 billion in 2019 and is expected to expand at a CAGR of 7.8% during the forecast period. Smart Insulin Pens And Pumps Market Global smart insulin pens and pumps market size was valued at USD 2.5 billion in 2018 and is expected to expand at a CAGR of 10.0% during the forecast period. Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact:Sherry Jamesorporate Sales Specialist, USAGrand View Research, Inc.Phone: +1-415-349-0058Toll Free: 1-888-202-9519Email: [emailprotected] Web: https://www.grandviewresearch.com Follow Us: LinkedIn | Twitter SOURCE Grand View Research, Inc.
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: BOSTON, June 9, 2020 /PRNewswire/ -- PatientPing, the nation's leading care collaboration and e-notifications platform, today announced that it has raised $60 million in Series C funding to fuel expansion to new geographies and extend capabilities. Powered by the nation's largest network of Admission, Discharge, Transfer (ADT) data, PatientPing connects thousands of healthcare providers and health plans across the continuum of care. The investment round, co-led by Andreessen Horowitz, F-Prime Capital, GV (formerly Google Ventures), and Transformation Capital, with additional participation from existing investors, brings PatientPing's total funding to over $100 million. The funding announcement comes as the deadline nears for complying with the Centers for Medicare and Medicaid Services (CMS) interoperability rule, which adds a Condition of Participation (CoP) requiring hospitals to share ADT electronic event notifications (e-notifications) with other providers whenever patients have inpatient or emergency department care events. This is an approach PatientPing pioneered nearly seven years ago with its Pings solution. It also comes in themidst of the COVID-19 pandemic, when sharing real-time information about patients' care encounters across providers and settings is critical to ensure better, safer, and faster treatment and care transitions for infected and recovering patients. PatientPing experiencedrecord growth over the past year, adding thousands of hospitals, PAC facilities, provider organizations and health plans to new and existing markets, including new organizations in Texas, Washington, South Carolina, Pennsylvania, Illinois,Ohio, and Missouri. The Series C financing fuels the continued expansion of the PatientPing e-notifications network beyond the 1,000+ hospitals, and 5,000+ post-acute care facilities that are currently connected, enabling 135 million patient ADT events for 43 million covered lives. With itsgrowth and breadth, PatientPing is well positioned to be a compliance solution for hospitals under the new e-notifications CoP. Sharing ADT events via Pings is a secure and cost-effective way to activate a patient's entire medical team to take action to coordinate care. This enables providers to drive efficient care transitions in and out of emergency departments, hospitals, post-acute providers, and other care settings. By connecting care teams during clinical encounters, Pings keep patients from poor hand-offs between providers that frequently result in patients spending more time in hospitals and other care settings than they need. "While monitoring a patient in the emergency department (ED), I saw a Ping come in that alerted me to quickly connect with the ED case manager as their ED treatment plan needed to consider my care manager's recent documentation of the patient having falls. As a result, rather than being admitted to the hospital, a discharge plan was developed for a Skilled Nursing Facility (SNF) stay," explains Aimee Traugh, Health Regional Care Management Director at UnityPoint Health, a network of hospitals, clinics and home care services in Iowa, Illinois and Wisconsin. "If I hadn't gotten the Ping and been able to reach out, the ED case manager would not have researched the patient's clinical history until discharge. This reduced the ED visit time, prevented a hospitalization, and expedited the admission to the SNF." In addition to expanding its Pings network for e-notifications, PatientPing recently added two new solutions to its enterprise care collaboration product suite, Calloutsand Spotlights.Providers and health plans can use Callouts to improve patient engagement and enroll patients in available programs and supplemental benefits. Spotlights, a real-time network performance management tool, enables providers to view dashboards to monitor network wide utilization patterns, performance trends and intervene, enabling faster quality improvement cycles instead of waiting for months for claims-derived analytics. The company also introduced a COVID-19 Flagfeature, which enables providers to identify and monitor presumptive COVID-19 patients' ADT data in real time by alerting providers via text, email, and within the PatientPing web app whenever patients experiencing COVID-19-like symptoms have care events. Through this new flag feature, providers can better prepare for incoming COVID-19 patients, adhere to quarantine protocols, assess overall population health, and, most importantly, help improve outcomes for patients while keeping them and staff members safe. "Patients often receive care from many providers and when they work together, care is safer and better," said Jay Desai, PatientPing's CEO. "PatientPing is committed to delivering the innovative products needed to support every patient and their full care team with real-time awareness into patients' treatment. With CMS recognizing this need through their CoP, we're excited to accelerate the growth of our national network that makes it easy for any two or more providers to collaborate anytime a patient is receiving care." "It's been exciting to watch PatientPing steadily expand its geographical reach and technology capabilities to positively impact millions of patients nationwide," said Julie Yoo, General Partner at Andreessen Horowitz. "Their platform plays such a critical role in the transition of patients between sites of care, and eliminates one of the major blind spots in our fragmented healthcare system by longitudinally tracking a patient's care journey across all encounters. With the favorable regulatory tailwinds and the need for more resilient care delivery infrastructure coming out of the COVID crisis, PatientPing is well poised to continue leading the market in its quest to achieve better coordination of care." About PatientPingPatientPing is an innovative care collaboration platform that reduces the cost of healthcare and improves patient outcomes by seamlessly connecting providers to coordinate patient care. The platform enables providers to collaborate on shared patients through a comprehensive suite of solutions and allows provider organizations, health plans, governments, individuals and the organizations supporting them to leverage real-time patient data to reach their shared goals of improving the efficiency of our healthcare system. Visit www.patientping.comto learn more. Media Contact:Kay KellySVM PR 774-254-0507[emailprotected] SOURCE PatientPing Answer:
PatientPing Secures $60 Million in Series C Funding to Continue Expansion of National Electronic Notifications Network Company to Scale Capabilities and Reach as Need for Real-Time Notifications About Patients' Care Encounters Becomes Federally Mandated
BOSTON, June 9, 2020 /PRNewswire/ -- PatientPing, the nation's leading care collaboration and e-notifications platform, today announced that it has raised $60 million in Series C funding to fuel expansion to new geographies and extend capabilities. Powered by the nation's largest network of Admission, Discharge, Transfer (ADT) data, PatientPing connects thousands of healthcare providers and health plans across the continuum of care. The investment round, co-led by Andreessen Horowitz, F-Prime Capital, GV (formerly Google Ventures), and Transformation Capital, with additional participation from existing investors, brings PatientPing's total funding to over $100 million. The funding announcement comes as the deadline nears for complying with the Centers for Medicare and Medicaid Services (CMS) interoperability rule, which adds a Condition of Participation (CoP) requiring hospitals to share ADT electronic event notifications (e-notifications) with other providers whenever patients have inpatient or emergency department care events. This is an approach PatientPing pioneered nearly seven years ago with its Pings solution. It also comes in themidst of the COVID-19 pandemic, when sharing real-time information about patients' care encounters across providers and settings is critical to ensure better, safer, and faster treatment and care transitions for infected and recovering patients. PatientPing experiencedrecord growth over the past year, adding thousands of hospitals, PAC facilities, provider organizations and health plans to new and existing markets, including new organizations in Texas, Washington, South Carolina, Pennsylvania, Illinois,Ohio, and Missouri. The Series C financing fuels the continued expansion of the PatientPing e-notifications network beyond the 1,000+ hospitals, and 5,000+ post-acute care facilities that are currently connected, enabling 135 million patient ADT events for 43 million covered lives. With itsgrowth and breadth, PatientPing is well positioned to be a compliance solution for hospitals under the new e-notifications CoP. Sharing ADT events via Pings is a secure and cost-effective way to activate a patient's entire medical team to take action to coordinate care. This enables providers to drive efficient care transitions in and out of emergency departments, hospitals, post-acute providers, and other care settings. By connecting care teams during clinical encounters, Pings keep patients from poor hand-offs between providers that frequently result in patients spending more time in hospitals and other care settings than they need. "While monitoring a patient in the emergency department (ED), I saw a Ping come in that alerted me to quickly connect with the ED case manager as their ED treatment plan needed to consider my care manager's recent documentation of the patient having falls. As a result, rather than being admitted to the hospital, a discharge plan was developed for a Skilled Nursing Facility (SNF) stay," explains Aimee Traugh, Health Regional Care Management Director at UnityPoint Health, a network of hospitals, clinics and home care services in Iowa, Illinois and Wisconsin. "If I hadn't gotten the Ping and been able to reach out, the ED case manager would not have researched the patient's clinical history until discharge. This reduced the ED visit time, prevented a hospitalization, and expedited the admission to the SNF." In addition to expanding its Pings network for e-notifications, PatientPing recently added two new solutions to its enterprise care collaboration product suite, Calloutsand Spotlights.Providers and health plans can use Callouts to improve patient engagement and enroll patients in available programs and supplemental benefits. Spotlights, a real-time network performance management tool, enables providers to view dashboards to monitor network wide utilization patterns, performance trends and intervene, enabling faster quality improvement cycles instead of waiting for months for claims-derived analytics. The company also introduced a COVID-19 Flagfeature, which enables providers to identify and monitor presumptive COVID-19 patients' ADT data in real time by alerting providers via text, email, and within the PatientPing web app whenever patients experiencing COVID-19-like symptoms have care events. Through this new flag feature, providers can better prepare for incoming COVID-19 patients, adhere to quarantine protocols, assess overall population health, and, most importantly, help improve outcomes for patients while keeping them and staff members safe. "Patients often receive care from many providers and when they work together, care is safer and better," said Jay Desai, PatientPing's CEO. "PatientPing is committed to delivering the innovative products needed to support every patient and their full care team with real-time awareness into patients' treatment. With CMS recognizing this need through their CoP, we're excited to accelerate the growth of our national network that makes it easy for any two or more providers to collaborate anytime a patient is receiving care." "It's been exciting to watch PatientPing steadily expand its geographical reach and technology capabilities to positively impact millions of patients nationwide," said Julie Yoo, General Partner at Andreessen Horowitz. "Their platform plays such a critical role in the transition of patients between sites of care, and eliminates one of the major blind spots in our fragmented healthcare system by longitudinally tracking a patient's care journey across all encounters. With the favorable regulatory tailwinds and the need for more resilient care delivery infrastructure coming out of the COVID crisis, PatientPing is well poised to continue leading the market in its quest to achieve better coordination of care." About PatientPingPatientPing is an innovative care collaboration platform that reduces the cost of healthcare and improves patient outcomes by seamlessly connecting providers to coordinate patient care. The platform enables providers to collaborate on shared patients through a comprehensive suite of solutions and allows provider organizations, health plans, governments, individuals and the organizations supporting them to leverage real-time patient data to reach their shared goals of improving the efficiency of our healthcare system. Visit www.patientping.comto learn more. Media Contact:Kay KellySVM PR 774-254-0507[emailprotected] SOURCE PatientPing
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: CHICAGO, April 20, 2020 /PRNewswire/ -- True Value Company today announced that current Chief Commercial Officer, Chris Kempa, has been promoted to Chief Executive Officer and the current Chief Financial Officer, Deb O'Connor will become President and CFO. John Hartmann, who has served as Chief Executive Officer since 2013, will transition his responsibilities in May and remain a Director on the Company's Board. "I am very proud of the organizational depth which allows True Value to promote two capable executives from within," said Hartmann. "As I shared last Fall when he joined the Company, Chris Kempa brings a wealth of highly relevant experience thanks to his successful, two-decade career at Grainger and the impressive growth he achieved at ORS Medco. Similarly, Deb O'Connor has been my trusted CFO for five years now and knows True Value intimately. Together, I am confident that they are going to lead True Value effectively and continue to develop it into the independent hardware retailers' most reliable and highest value-added supplier." "It has been my highest honor to serve the independent hardware retailer alongside the greatest support associates in the industry," added Hartmann. "I am proud of the relationships we have built and nurtured with our members, customers, and vendor partners. I am equally proud of the relationship we have built with our financial partner, ACON Investments, which has allowed True Value to become the only branded, national wholesaler without a membership requirement, enabling retailers to invest their hard-earned money back into their business. Over the last two years, we've accelerated investments in the business, including the modernization of our supply chain, doubling the size of our sales force, implementing hyper-localized marketing and improving pricing across the best product assortment in the industry. There is still tremendous opportunity to be captured as we continue to find new ways to better serve the independent hardware retailers which anchor America's communities. I am confident that Chris and Deb are extraordinarily qualified to accomplish this, and I am thrilled to continue serving as a member of the Board to support them in those efforts." "I'd like to extend our sincerest appreciation to John," said Aron Schwartz, Chairman of the True Value Company Board of Managers. "Over the last seven years, John's leadership has shaped the Company, including the last two with us, where he was the visionary behind the transaction unlocking over $250 million of retailers' equity. He was the leading advocate of investments the Company has made in supply chain, technology, as well as a number of merchandising and marketing initiatives, to better serve True Value's customers. As the Company moves into this next phase of growth, we have a deep leadership bench, with Chris and Deb at the helm, to continue the important investments being made to support the growth and profitability of our retailers," said Schwartz. "Chris has a long track record of successfully leading businesses in this channel and has rapidly implemented and executed an integrated merchandising, sales and pricing go-to-market strategy at True Value. Deb has been with the Company for five years and has been an instrumental leader in transforming the business and accelerating investments to further support all independent hardware retailers." Prior to joining True Value, Kempa had 25 years of experience in the distribution sector, most recently serving as Chief Executive Officer and Group President of ORS Medco, and previously as an officer at Grainger with responsibility for its international business. O'Connor came to True Value with a wealth of retail experience having worked in various finance roles over the last 25 years. She spent seven years at OfficeMax, where she was the senior vice president of integration and finance playing a critical role in the OfficeMax/Office Depot merger. About True Value CompanyTrue Value Company, headquartered in Chicago, is one of the world's leading hardlines wholesalers with a globally recognized brand and over 70 years of experience serving independent hardware retailers. True Value Company provides its customers in over 60 countries an expansive product set with market-customized assortments at highly competitive prices, superior product availability, innovative marketing programs and a la carte value-added services like eCommerce ship-to-store, store remodel support and True Value University, all within a flexible model that requires no membership. With 13 regional distribution centers, and approximately 2,500 associates serving over 4,500 stores, True Value Company celebrates independence and drives retail excellence across the U.S. and internationally. Learn more at www.TrueValueCompany.com. Media Contact:Jean Niemi, Vice President, Communications [emailprotected]C: 678-386-2902 SOURCE True Value Company Related Links www.truevaluecompany.com Answer:
True Value Company Announces CEO Transition
CHICAGO, April 20, 2020 /PRNewswire/ -- True Value Company today announced that current Chief Commercial Officer, Chris Kempa, has been promoted to Chief Executive Officer and the current Chief Financial Officer, Deb O'Connor will become President and CFO. John Hartmann, who has served as Chief Executive Officer since 2013, will transition his responsibilities in May and remain a Director on the Company's Board. "I am very proud of the organizational depth which allows True Value to promote two capable executives from within," said Hartmann. "As I shared last Fall when he joined the Company, Chris Kempa brings a wealth of highly relevant experience thanks to his successful, two-decade career at Grainger and the impressive growth he achieved at ORS Medco. Similarly, Deb O'Connor has been my trusted CFO for five years now and knows True Value intimately. Together, I am confident that they are going to lead True Value effectively and continue to develop it into the independent hardware retailers' most reliable and highest value-added supplier." "It has been my highest honor to serve the independent hardware retailer alongside the greatest support associates in the industry," added Hartmann. "I am proud of the relationships we have built and nurtured with our members, customers, and vendor partners. I am equally proud of the relationship we have built with our financial partner, ACON Investments, which has allowed True Value to become the only branded, national wholesaler without a membership requirement, enabling retailers to invest their hard-earned money back into their business. Over the last two years, we've accelerated investments in the business, including the modernization of our supply chain, doubling the size of our sales force, implementing hyper-localized marketing and improving pricing across the best product assortment in the industry. There is still tremendous opportunity to be captured as we continue to find new ways to better serve the independent hardware retailers which anchor America's communities. I am confident that Chris and Deb are extraordinarily qualified to accomplish this, and I am thrilled to continue serving as a member of the Board to support them in those efforts." "I'd like to extend our sincerest appreciation to John," said Aron Schwartz, Chairman of the True Value Company Board of Managers. "Over the last seven years, John's leadership has shaped the Company, including the last two with us, where he was the visionary behind the transaction unlocking over $250 million of retailers' equity. He was the leading advocate of investments the Company has made in supply chain, technology, as well as a number of merchandising and marketing initiatives, to better serve True Value's customers. As the Company moves into this next phase of growth, we have a deep leadership bench, with Chris and Deb at the helm, to continue the important investments being made to support the growth and profitability of our retailers," said Schwartz. "Chris has a long track record of successfully leading businesses in this channel and has rapidly implemented and executed an integrated merchandising, sales and pricing go-to-market strategy at True Value. Deb has been with the Company for five years and has been an instrumental leader in transforming the business and accelerating investments to further support all independent hardware retailers." Prior to joining True Value, Kempa had 25 years of experience in the distribution sector, most recently serving as Chief Executive Officer and Group President of ORS Medco, and previously as an officer at Grainger with responsibility for its international business. O'Connor came to True Value with a wealth of retail experience having worked in various finance roles over the last 25 years. She spent seven years at OfficeMax, where she was the senior vice president of integration and finance playing a critical role in the OfficeMax/Office Depot merger. About True Value CompanyTrue Value Company, headquartered in Chicago, is one of the world's leading hardlines wholesalers with a globally recognized brand and over 70 years of experience serving independent hardware retailers. True Value Company provides its customers in over 60 countries an expansive product set with market-customized assortments at highly competitive prices, superior product availability, innovative marketing programs and a la carte value-added services like eCommerce ship-to-store, store remodel support and True Value University, all within a flexible model that requires no membership. With 13 regional distribution centers, and approximately 2,500 associates serving over 4,500 stores, True Value Company celebrates independence and drives retail excellence across the U.S. and internationally. Learn more at www.TrueValueCompany.com. Media Contact:Jean Niemi, Vice President, Communications [emailprotected]C: 678-386-2902 SOURCE True Value Company Related Links www.truevaluecompany.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: SHANGHAI and GAITHERSBURG, Md., April 26, 2021 /PRNewswire/ -- I-Mab (the "Company") (Nasdaq: IMAB), a clinical-stage biopharmaceutical company committed to the discovery, development and commercialization of novel biologics, today announced positive topline results from itsregionalmulti-center, randomized, double-blind and placebo-controlled phase 2 study (NCT03235752) evaluating the efficacy and safety of olamkicept (also known as TJ301) administered intravenously biweekly in patients with active ulcerative colitis (UC). Olamkicept is the only clinical stage selective IL-6 inhibitor that works through the trans-signaling mechanism. IL-6 is an important driver cytokine in the propagation and maintenance of chronic inflammation in autoimmune diseases, such as UC. The phase 2 study, one of the first placebo-controlled, proof-of-concept studies of an IL-6 inhibitor in UC, has met both its primary and key secondary efficacy endpoints, demonstrating significantly higher clinical response rates after 12 weeks of treatment in patients receiving 600 mg olamkicept compared to those on placebo (p=0.032). Significantly more patients in the 600 mg olamkicept group achieved clinical remission and mucosal healing than in placebo (p<0.001), two key secondary endpoints of the study. Olamkicept was well tolerated, and with a very acceptable safety profile. Detailed data analysis will be presented at Digestive Disease Week (DDW) 2021 in the U.S. in May and at European Crohn's and Colitis Organisation (ECCO) meeting in July 2021. "We are very excited to see that olamkicept demonstrated significant clinical benefits for active UC patients in terms of safety and efficacy through this successful phase 2 study. This is the first demonstration that IL-6 blockade through the trans-signaling pathway plays a significant therapeutic role in UC. The study provides confidence for further clinical development of this differentiated IL-6 blocker as a treatment option for UC and IBD," said Prof. Minhu Chen, Chair of Gastroenterology and Hepatology and Vice President at the First Affiliated Hospital of Sun Yat-sen University, principal investigator of the study. I-Mab entered into a license agreement with Ferring Pharmaceuticals to develop and commercialize olamkicept for Greater China and South Korea in 2016. On April 23rd,2021, the Company and Ferring signed a memorandum of understanding (MoU) to explore a possible collaboration to advance the development and commercialization of olamkicept in US and Canada, the European Union and Japan, if so agreed. "There is an unmet need in the management of inflammatory bowel disease, such as UC, as current pharmacological therapies have significant side effects and develop resistance over time," said Dr. Joan Shen, CEO of I-Mab. "The positive phase 2 clinical data support our belief that olamkicept has the potential to become standard of care in UC, and we are excited by the prospect of exploring a broader reach to patients globally and offer a new treatment option." About Olamkicept Olamkicept is a homodimer of a fusion protein consisting of the extracellular domains of human glycoprotein130 ("gp130") and the fragment crystallizable (Fc) domain of human IgG1. It is the only clinical stage selective interleukin-6 ("IL-6") inhibitor that works through the trans-signaling mechanismwhich is considered an important mediator of the proinflammatory effects of IL-6. The existing IL-6 or IL-6R blockers cause total inhibition of IL-6 signaling, including inhibition of homeostatic effects, and are associated with significant adverse events such as infection, gastrointestinal perforation and metabolic disturbances. Olamkicept, on the other hand, is expected tohave more selective effect on the IL-6 driven inflammation and provide a better safety profile based on its mechanism of action and the data from preclinical and clinical studies. Olamkicept has the potential to be a best-in-class to treat UC and other autoimmune diseases where IL-6 is a critical inflammatory mediator. I-Mab acquired an exclusive license from Ferring Pharmaceuticals to develop and commercialize olamkicept in Greater China and South Korea with an option, on terms as further described in the licensing agreement, to expand I-Mab' rights to any of the mutually agreed upon countries from U.S, Canada, the European Union and Japan. About the olamkicept Phase 2 clinical study The study is a global multicenter, randomized, double-blind, placebo-controlled phase 2 trial (NCT03235752). The primary efficacy endpoint is the percentage of subjects achieving a clinical response per Full Mayo Score at Week 12. The study was conducted at 27 sites in Mainland China, Taiwan and South Korea and enrolled 91 patients who had active ulcerative colitis with a full Mayo score 5, a rectal bleeding subscore 1, an endoscopy subscore 2, and had an inadequate response with conventional UC therapy. Patients were randomized 1:1:1 to receive either olamkicept 300 mg biweekly, or olamkicept 600 mg biweekly or matching placebo, stratified by use of corticosteroids and prior biologics treatment. All endoscopic tests have been read and confirmed by an independent central review committee. About ulcerative colitis Ulcerative colitis ("UC") is an inflammatory bowel disease ("IBD") that causes chronic and often relapsing inflammation and ulceration of the colon and rectum, resulting in gastrointestinal symptoms that greatly affect the quality of life of patients. Disease complications may include megacolon, inflammation of the eye, joints, or liver, and colon cancer. Currently, there is no curative treatment for UC especially for those with a moderate-to-severe disease. There is a substantial unmet medical need in UC for a treatment agent(s) that is efficacious and safe through pathways beyond the traditional drug targets. About I-Mab I-Mab (Nasdaq: IMAB) is an innovation-driven global biotech company focusing on discovery, development and soon commercialization of novel and highly differentiated biologics in immuno-oncology therapeutic area. The Company's mission is to bring transformational medicines to patients around the world through drug innovation. I-Mab's globally competitive pipeline of more than 15 clinical and pre-clinical stage drug candidates is driven by its internal R&D capability and global licensing partnerships, based on the Company's unique Fast-to-Proof-of-Concept and Fast-to-Market pipeline development strategies. The Company is now rapidly progressing from a clinical stage biotech company to a fully integrated global biopharmaceutical company with cutting-edge global R&D capabilities, a world-class GMP manufacturing facility and commercialization capability. I-Mab has established its global footprint in Shanghai (headquarters), Beijing, Hangzhou and Hong Kong in China, and Maryland and San Diego in the United States. For more information, please visithttp://ir.i-mabbiopharma.comand follow I-Mab onLinkedIn,TwitterandWeChat. Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding data from the clinical trialsfor TJ301, potential implications of clinical data for patients, further development of TJ301 by I-Mab in additional countries, and anticipated clinical development, regulatory milestones and commercialization of TJ301.Actual results may differ materially from those indicated in the forward-looking statements as a result of various important factors, including but not limited to the ability and timing of I-Mab and Ferring should they agree upon any additional countries to develop TJ301; the ability of I-Mab to demonstrate the safety and efficacy of TJ301; the clinical results for the drug candidate, which may not support further development or BLA approval; the content and timing of decisions made by the relevant regulatory authorities regarding regulatory approval of the drug candidate; the ability to achieve commercial success for the drug candidate, if approved; I-Mab's ability to obtain and maintain protection of intellectual property for its technology and drugs; I-Mab's reliance on third parties to conduct drug development, manufacturing and other services; I-Mab's limited operating history and I-Mab's ability to obtain additional funding for operations and to complete the development and commercialization of its drug candidates; and the impact of the COVID-19 pandemic on the Company's clinical development, commercial and other operations, as well as those risks more fully discussed in the "Risk Factors" section in I-Mab's most recent annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in I-Mab's subsequent filings with the U.S. Securities and Exchange Commission. All forward-looking statements are based on information currently available to I-Mab, and I-Mab undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. For more information, please contact: I-Mab Jielun Zhu, Chief Financial OfficerE-mail:[emailprotected]Office line: +86 21 6057 8000 Gigi Feng, Chief Communications OfficerE-mail:[emailprotected]Office line: +86 21 6057 5785 Investor Inquiries: The Piacente Group, Inc.Emilie WuE-mail:[emailprotected]Office line: +86 21 6039 8363 SOURCE I-Mab Related Links www.i-mabbiopharma.com Answer:
I-Mab Announces Positive Topline Phase 2 Results for Olamkicept in Ulcerative Colitis
SHANGHAI and GAITHERSBURG, Md., April 26, 2021 /PRNewswire/ -- I-Mab (the "Company") (Nasdaq: IMAB), a clinical-stage biopharmaceutical company committed to the discovery, development and commercialization of novel biologics, today announced positive topline results from itsregionalmulti-center, randomized, double-blind and placebo-controlled phase 2 study (NCT03235752) evaluating the efficacy and safety of olamkicept (also known as TJ301) administered intravenously biweekly in patients with active ulcerative colitis (UC). Olamkicept is the only clinical stage selective IL-6 inhibitor that works through the trans-signaling mechanism. IL-6 is an important driver cytokine in the propagation and maintenance of chronic inflammation in autoimmune diseases, such as UC. The phase 2 study, one of the first placebo-controlled, proof-of-concept studies of an IL-6 inhibitor in UC, has met both its primary and key secondary efficacy endpoints, demonstrating significantly higher clinical response rates after 12 weeks of treatment in patients receiving 600 mg olamkicept compared to those on placebo (p=0.032). Significantly more patients in the 600 mg olamkicept group achieved clinical remission and mucosal healing than in placebo (p<0.001), two key secondary endpoints of the study. Olamkicept was well tolerated, and with a very acceptable safety profile. Detailed data analysis will be presented at Digestive Disease Week (DDW) 2021 in the U.S. in May and at European Crohn's and Colitis Organisation (ECCO) meeting in July 2021. "We are very excited to see that olamkicept demonstrated significant clinical benefits for active UC patients in terms of safety and efficacy through this successful phase 2 study. This is the first demonstration that IL-6 blockade through the trans-signaling pathway plays a significant therapeutic role in UC. The study provides confidence for further clinical development of this differentiated IL-6 blocker as a treatment option for UC and IBD," said Prof. Minhu Chen, Chair of Gastroenterology and Hepatology and Vice President at the First Affiliated Hospital of Sun Yat-sen University, principal investigator of the study. I-Mab entered into a license agreement with Ferring Pharmaceuticals to develop and commercialize olamkicept for Greater China and South Korea in 2016. On April 23rd,2021, the Company and Ferring signed a memorandum of understanding (MoU) to explore a possible collaboration to advance the development and commercialization of olamkicept in US and Canada, the European Union and Japan, if so agreed. "There is an unmet need in the management of inflammatory bowel disease, such as UC, as current pharmacological therapies have significant side effects and develop resistance over time," said Dr. Joan Shen, CEO of I-Mab. "The positive phase 2 clinical data support our belief that olamkicept has the potential to become standard of care in UC, and we are excited by the prospect of exploring a broader reach to patients globally and offer a new treatment option." About Olamkicept Olamkicept is a homodimer of a fusion protein consisting of the extracellular domains of human glycoprotein130 ("gp130") and the fragment crystallizable (Fc) domain of human IgG1. It is the only clinical stage selective interleukin-6 ("IL-6") inhibitor that works through the trans-signaling mechanismwhich is considered an important mediator of the proinflammatory effects of IL-6. The existing IL-6 or IL-6R blockers cause total inhibition of IL-6 signaling, including inhibition of homeostatic effects, and are associated with significant adverse events such as infection, gastrointestinal perforation and metabolic disturbances. Olamkicept, on the other hand, is expected tohave more selective effect on the IL-6 driven inflammation and provide a better safety profile based on its mechanism of action and the data from preclinical and clinical studies. Olamkicept has the potential to be a best-in-class to treat UC and other autoimmune diseases where IL-6 is a critical inflammatory mediator. I-Mab acquired an exclusive license from Ferring Pharmaceuticals to develop and commercialize olamkicept in Greater China and South Korea with an option, on terms as further described in the licensing agreement, to expand I-Mab' rights to any of the mutually agreed upon countries from U.S, Canada, the European Union and Japan. About the olamkicept Phase 2 clinical study The study is a global multicenter, randomized, double-blind, placebo-controlled phase 2 trial (NCT03235752). The primary efficacy endpoint is the percentage of subjects achieving a clinical response per Full Mayo Score at Week 12. The study was conducted at 27 sites in Mainland China, Taiwan and South Korea and enrolled 91 patients who had active ulcerative colitis with a full Mayo score 5, a rectal bleeding subscore 1, an endoscopy subscore 2, and had an inadequate response with conventional UC therapy. Patients were randomized 1:1:1 to receive either olamkicept 300 mg biweekly, or olamkicept 600 mg biweekly or matching placebo, stratified by use of corticosteroids and prior biologics treatment. All endoscopic tests have been read and confirmed by an independent central review committee. About ulcerative colitis Ulcerative colitis ("UC") is an inflammatory bowel disease ("IBD") that causes chronic and often relapsing inflammation and ulceration of the colon and rectum, resulting in gastrointestinal symptoms that greatly affect the quality of life of patients. Disease complications may include megacolon, inflammation of the eye, joints, or liver, and colon cancer. Currently, there is no curative treatment for UC especially for those with a moderate-to-severe disease. There is a substantial unmet medical need in UC for a treatment agent(s) that is efficacious and safe through pathways beyond the traditional drug targets. About I-Mab I-Mab (Nasdaq: IMAB) is an innovation-driven global biotech company focusing on discovery, development and soon commercialization of novel and highly differentiated biologics in immuno-oncology therapeutic area. The Company's mission is to bring transformational medicines to patients around the world through drug innovation. I-Mab's globally competitive pipeline of more than 15 clinical and pre-clinical stage drug candidates is driven by its internal R&D capability and global licensing partnerships, based on the Company's unique Fast-to-Proof-of-Concept and Fast-to-Market pipeline development strategies. The Company is now rapidly progressing from a clinical stage biotech company to a fully integrated global biopharmaceutical company with cutting-edge global R&D capabilities, a world-class GMP manufacturing facility and commercialization capability. I-Mab has established its global footprint in Shanghai (headquarters), Beijing, Hangzhou and Hong Kong in China, and Maryland and San Diego in the United States. For more information, please visithttp://ir.i-mabbiopharma.comand follow I-Mab onLinkedIn,TwitterandWeChat. Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding data from the clinical trialsfor TJ301, potential implications of clinical data for patients, further development of TJ301 by I-Mab in additional countries, and anticipated clinical development, regulatory milestones and commercialization of TJ301.Actual results may differ materially from those indicated in the forward-looking statements as a result of various important factors, including but not limited to the ability and timing of I-Mab and Ferring should they agree upon any additional countries to develop TJ301; the ability of I-Mab to demonstrate the safety and efficacy of TJ301; the clinical results for the drug candidate, which may not support further development or BLA approval; the content and timing of decisions made by the relevant regulatory authorities regarding regulatory approval of the drug candidate; the ability to achieve commercial success for the drug candidate, if approved; I-Mab's ability to obtain and maintain protection of intellectual property for its technology and drugs; I-Mab's reliance on third parties to conduct drug development, manufacturing and other services; I-Mab's limited operating history and I-Mab's ability to obtain additional funding for operations and to complete the development and commercialization of its drug candidates; and the impact of the COVID-19 pandemic on the Company's clinical development, commercial and other operations, as well as those risks more fully discussed in the "Risk Factors" section in I-Mab's most recent annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in I-Mab's subsequent filings with the U.S. Securities and Exchange Commission. All forward-looking statements are based on information currently available to I-Mab, and I-Mab undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. For more information, please contact: I-Mab Jielun Zhu, Chief Financial OfficerE-mail:[emailprotected]Office line: +86 21 6057 8000 Gigi Feng, Chief Communications OfficerE-mail:[emailprotected]Office line: +86 21 6057 5785 Investor Inquiries: The Piacente Group, Inc.Emilie WuE-mail:[emailprotected]Office line: +86 21 6039 8363 SOURCE I-Mab Related Links www.i-mabbiopharma.com
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: NEW YORK, March 9, 2021 /PRNewswire/ -- After facing scrutiny last spring, new research suggests that using cannabis to help treat and prevent COVID-19 isn't so far-fetched after all. Researchers at the University of Lethbridge are advancing to clinical trials after study results revealed that certain cannabis strains might help prevent COVID-19 patients from experiencing acute respiratory distress (ARDS). At the same time, Michigan State University professor of pharmacology and toxicology Norbert Kaminski is working with GB Sciences, a biopharmaceutical company, to develop a drug that prevents the lung inflammation that some experience after contracting COVID-19 that can lead to trouble breathing and death. The positive test results from these various studies bode well for cannabis companies that have a stake in the edibles and extracts sector, such as industry giants Canopy Growth (NASDAQ:CGC) (TSX:WEED), Tilray, Inc. (NASDAQ:TLRY), Aphria (NASDAQ:APHA) (TSX:APHA), HEXO Corp. (NYSE:HEXO) (TSX:HEXO), and plant-based extraction company Pure Extracts Technologies (CSE:PULL) (OTCPK:PRXTF). Pure Extract Technologies, which is focused on producing the purest and highest quality cannabis oil at its all-new, state-of-the-art EU-GMP certified processing facility, has the ability to not only produce its own line of high-quality cannabis oil products but to distribute its concentrates through existing distribution channels. In January, Pure Extracts Technologies took advantage of low biomass prices by entering into a substantial purchase agreement in order to scale-up production of both its THC and CBD extracts. The company agreed to purchase 220 kilograms of high-potency cannabis dried flower from a large Canadian licensed producer and 1,000 kgs of high-potency CBD biomass from a top Western Canadian cultivator. Less than a month later, Pure Extracts Technologies announced its first commercial sale of its 85% pure CBD distillate, which is ideally suited for cannabis 2.0 products like edibles, vape pens, and cannabis-infused beverages. Pure Extracts has also been working on developing its own line of products and recently submitted a Notice of New Cannabis Product application to Health Canada and over 20 SKUs for its THC and CBD vapes and three different formulations of gummies. The company has also signed an agreement with fully integrated medical cannabis company Canada House Wellness Group, which will distribute its line of concentrate products through its established provincial distribution channels. While Pure Extracts Technologies is targeting the recreational adult-use cannabis market with its 34 proprietary formulations of 'Pure Pulls' full spectrum oil vapes and its new line of 'Pure Chews' edible gummies, the high-purity oil could be a good candidate for medical cannabis developments, including cannabis mouthwash that could potentially help in the fight against COVID-19. Researchers Develop Medical Cannabis Oral Rinse for Potential Treatment of COVID-19 In April 2020, pandemic panic sparked several sensational claims that cannabis could cure COVID-19, which were quickly chalked up to hearsay. However, more and more research is pointing to the plant's potential role in the fight against viral outbreaks like the coronavirus. For the last four years, University of Lethbridge biology professors Igor and Olga Kovalchuk have been working with cannabis strains around the world to create new hybrids that have certain therapeutic properties. In February 2021, the pair revealed that the results from their research demonstrate that certain high-CBD cannabis sativas have the potential to become a useful and safe addition to COVID-19 treatment and could be developed into preventative treatments in the form of mouthwash, inhalers, or throat gargles. While the professors still need to conduct animal and human studies to test the efficacy of the strains, the initial results are very promising. If cannabis mouth rinses prove to be a success, it could bode well for companies already involved in the infused beverages space. Canadian pharmaceutical and cannabis company Tilray, Inc. (NASDAQ:TLRY) entered the cannabis beverages space in 2019 through a joint venture with the world's largest brewer and Budweiser's parent company Anheuser-Busch. In December 2019, the JV announced that it would be launching CBD-infused teas in Canada, with non-alcoholic sparkling drinks to follow in 2020. In December 2019, their company Fluent Beverages launched its first 98% pure CBD-infused beverage. Tilraywill likely increase its cannabis beverage offerings following the announcement of an all-stock merger with Aphria (NASDAQ:APHA) (TSX:APHA). The $4 billion deal will not only make the pair the world's largest cannabis company by revenue, but it will also boost their cannabis beverage-making capabilities thanks to Aphria's recent purchase of Sweetwater Brewing. Canopy Growth (NASDAQ:CGC) (TSX:WEED)entered the cannabis beverage space in 2020 when it received backing from US alcoholic beverage giant Constellation Brands. The company launched its first THC-infused drink to the Canadian market in March 2020 and has continued to roll out its North American strategy. In November, Canopy expanded its beverage portfolio with a CBD-infused beverage line, which is now being launched in the US. Molson Coors Canada and Quebec-based cannabis producer HEXO Corp. (NYSE:HEXO) (TSX:HEXO) announced a similar partnership in 2019 and finally launched their cannabis-infused beverage to the market in August 2020 under the brand name Truss Beverage. In January 2021, Truss announced the US launch of Verywell, a new line of non-alcoholic sparkling CBD beverages, which will be available in Colorado. It's unclear whether or not cannabis beverage producers will have the opportunity to develop infused drinks with therapeutic properties, but with growing research and development surrounding the potential benefits of cannabis, it could very well become a reality. Plant-based extraction company Pure Extracts Technologies could also benefit the medical cannabis market with its high-purity extraction methods. In the meantime, the company is focused on building a presence in the cannabis edibles market. For more information on Pure Extracts Technologies (CSE:PULL) (OTC:PRXTF), please visit this link. DISCLAIMER: Microsmallcap.com (MSC) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security. The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of Pure Extracts. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MSC and FNM undertake no obligation to update such statements. Media Contact:FN Media Group, LLC[emailprotected]+1(561)325-8757 SOURCE Microsmallcap.com Answer:
Study Shows that Cannabis Extracts May Help in the Prevention of Certain CV19 Symptoms FN Media Group Presents Microsmallcap.com Market Commentary
NEW YORK, March 9, 2021 /PRNewswire/ -- After facing scrutiny last spring, new research suggests that using cannabis to help treat and prevent COVID-19 isn't so far-fetched after all. Researchers at the University of Lethbridge are advancing to clinical trials after study results revealed that certain cannabis strains might help prevent COVID-19 patients from experiencing acute respiratory distress (ARDS). At the same time, Michigan State University professor of pharmacology and toxicology Norbert Kaminski is working with GB Sciences, a biopharmaceutical company, to develop a drug that prevents the lung inflammation that some experience after contracting COVID-19 that can lead to trouble breathing and death. The positive test results from these various studies bode well for cannabis companies that have a stake in the edibles and extracts sector, such as industry giants Canopy Growth (NASDAQ:CGC) (TSX:WEED), Tilray, Inc. (NASDAQ:TLRY), Aphria (NASDAQ:APHA) (TSX:APHA), HEXO Corp. (NYSE:HEXO) (TSX:HEXO), and plant-based extraction company Pure Extracts Technologies (CSE:PULL) (OTCPK:PRXTF). Pure Extract Technologies, which is focused on producing the purest and highest quality cannabis oil at its all-new, state-of-the-art EU-GMP certified processing facility, has the ability to not only produce its own line of high-quality cannabis oil products but to distribute its concentrates through existing distribution channels. In January, Pure Extracts Technologies took advantage of low biomass prices by entering into a substantial purchase agreement in order to scale-up production of both its THC and CBD extracts. The company agreed to purchase 220 kilograms of high-potency cannabis dried flower from a large Canadian licensed producer and 1,000 kgs of high-potency CBD biomass from a top Western Canadian cultivator. Less than a month later, Pure Extracts Technologies announced its first commercial sale of its 85% pure CBD distillate, which is ideally suited for cannabis 2.0 products like edibles, vape pens, and cannabis-infused beverages. Pure Extracts has also been working on developing its own line of products and recently submitted a Notice of New Cannabis Product application to Health Canada and over 20 SKUs for its THC and CBD vapes and three different formulations of gummies. The company has also signed an agreement with fully integrated medical cannabis company Canada House Wellness Group, which will distribute its line of concentrate products through its established provincial distribution channels. While Pure Extracts Technologies is targeting the recreational adult-use cannabis market with its 34 proprietary formulations of 'Pure Pulls' full spectrum oil vapes and its new line of 'Pure Chews' edible gummies, the high-purity oil could be a good candidate for medical cannabis developments, including cannabis mouthwash that could potentially help in the fight against COVID-19. Researchers Develop Medical Cannabis Oral Rinse for Potential Treatment of COVID-19 In April 2020, pandemic panic sparked several sensational claims that cannabis could cure COVID-19, which were quickly chalked up to hearsay. However, more and more research is pointing to the plant's potential role in the fight against viral outbreaks like the coronavirus. For the last four years, University of Lethbridge biology professors Igor and Olga Kovalchuk have been working with cannabis strains around the world to create new hybrids that have certain therapeutic properties. In February 2021, the pair revealed that the results from their research demonstrate that certain high-CBD cannabis sativas have the potential to become a useful and safe addition to COVID-19 treatment and could be developed into preventative treatments in the form of mouthwash, inhalers, or throat gargles. While the professors still need to conduct animal and human studies to test the efficacy of the strains, the initial results are very promising. If cannabis mouth rinses prove to be a success, it could bode well for companies already involved in the infused beverages space. Canadian pharmaceutical and cannabis company Tilray, Inc. (NASDAQ:TLRY) entered the cannabis beverages space in 2019 through a joint venture with the world's largest brewer and Budweiser's parent company Anheuser-Busch. In December 2019, the JV announced that it would be launching CBD-infused teas in Canada, with non-alcoholic sparkling drinks to follow in 2020. In December 2019, their company Fluent Beverages launched its first 98% pure CBD-infused beverage. Tilraywill likely increase its cannabis beverage offerings following the announcement of an all-stock merger with Aphria (NASDAQ:APHA) (TSX:APHA). The $4 billion deal will not only make the pair the world's largest cannabis company by revenue, but it will also boost their cannabis beverage-making capabilities thanks to Aphria's recent purchase of Sweetwater Brewing. Canopy Growth (NASDAQ:CGC) (TSX:WEED)entered the cannabis beverage space in 2020 when it received backing from US alcoholic beverage giant Constellation Brands. The company launched its first THC-infused drink to the Canadian market in March 2020 and has continued to roll out its North American strategy. In November, Canopy expanded its beverage portfolio with a CBD-infused beverage line, which is now being launched in the US. Molson Coors Canada and Quebec-based cannabis producer HEXO Corp. (NYSE:HEXO) (TSX:HEXO) announced a similar partnership in 2019 and finally launched their cannabis-infused beverage to the market in August 2020 under the brand name Truss Beverage. In January 2021, Truss announced the US launch of Verywell, a new line of non-alcoholic sparkling CBD beverages, which will be available in Colorado. It's unclear whether or not cannabis beverage producers will have the opportunity to develop infused drinks with therapeutic properties, but with growing research and development surrounding the potential benefits of cannabis, it could very well become a reality. Plant-based extraction company Pure Extracts Technologies could also benefit the medical cannabis market with its high-purity extraction methods. In the meantime, the company is focused on building a presence in the cannabis edibles market. For more information on Pure Extracts Technologies (CSE:PULL) (OTC:PRXTF), please visit this link. DISCLAIMER: Microsmallcap.com (MSC) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security. The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer's filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer's securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of Pure Extracts. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MSC and FNM undertake no obligation to update such statements. Media Contact:FN Media Group, LLC[emailprotected]+1(561)325-8757 SOURCE Microsmallcap.com
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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, Nov. 24, 2020 /PRNewswire/ -- The Linux Foundation, the nonprofit organization enabling mass innovation through open source, and LF Networking (LFN), which facilitates collaboration and operational excellence across open source networking projects, today announced the Certified ONAP Professional (COP) exam, previously announced to be in development, is now generally available. COP is a three-hour, performance-based certification exam that provides assurance that a certificant has the ability to onboard Virtual Network Functions (VNFs), design and deploy network services, and configure VNFs. The exam is based on the Dublin release of ONAP. It is conducted remotely with a live proctor monitoring via webcam and screen sharing, and simulates on-the-job scenarios. The existing ONAP Fundamentals training course is also available to assist candidates in learning the proper use of ONAP and preparing for the exam. The certification exam tests specific domains and competencies including: Service Design Service Deployment Service LCM Troubleshooting Closed Loop Automation COP is designed for engineers at service providers and enterprises who develop, deploy, and scale their networks and next-generation services, especially in light of the growth in 5G and edge computing. The exam expects a baseline understanding of the underlying cloud platform, such as Kubernetes and OpenStack, and minimal familiarity with modeling languages like Heat and TOSCA. "Telecommunications may be the area of technology that has seen the most significant shift in terms of how networks are built and managed in recent years, and there is a tremendous need for upskilling and reskilling in this industry," said Clyde Seepersad, SVP and general manager of training & certification at The Linux Foundation. "It is essential we have accessible, high quality training available to help both new and existing workers in these industries to obtain the skills they need to utilize these new technologies, as well as verifiable ways of confirming those skills; this new exam helps accomplish that." "Global service providers need network automation and as ONAP increasingly becomes a de facto choice, re-training network admins and personnel is the highest priority," said Arpit Joshipura, general manager networking, edge & IOT at the Linux Foundation. The COP exam is available to be scheduled immediately. More information about the exam and topics covered in it is available here. The ONAP project will be issuing its Guilan release in the coming weeks. Guilan contains updated features to support 5G open source automation for network slicing, integration with open RAN, and more. Additional details available upon software release. Please visit www.lfnetworking.org. About the Linux Foundation Founded in 2000, the Linux Foundation is supported by more than 1,000 members and is the world's leading home for collaboration on open source software, open standards, open data, and open hardware. Linux Foundation's projects are critical to the world's infrastructure including Linux, Kubernetes, Node.js, and more. The Linux Foundation's methodology focuses on leveraging best practices and addressing the needs of contributors, users and solution providers to create sustainable models for open collaboration. For more information, please visit us atlinuxfoundation.org. The Linux Foundation has registered trademarks and uses trademarks. For a list of trademarks of The Linux Foundation, please see its trademark usage page:www.linuxfoundation.org/trademark-usage. Linux is a registered trademark of Linus Torvalds. Media Contact: Dan Brown The Linux Foundation 415-420-7880 [emailprotected] SOURCE The Linux Foundation Related Links www.linuxfoundation.org Answer:
ONAP Certification Launches to Help Close Talent Gap with Growth of Network Automation, 5G and Edge Computing Advanced certification from The Linux Foundation and LF Networking demonstrates expertise with Virtual Network Functions
SAN FRANCISCO, Nov. 24, 2020 /PRNewswire/ -- The Linux Foundation, the nonprofit organization enabling mass innovation through open source, and LF Networking (LFN), which facilitates collaboration and operational excellence across open source networking projects, today announced the Certified ONAP Professional (COP) exam, previously announced to be in development, is now generally available. COP is a three-hour, performance-based certification exam that provides assurance that a certificant has the ability to onboard Virtual Network Functions (VNFs), design and deploy network services, and configure VNFs. The exam is based on the Dublin release of ONAP. It is conducted remotely with a live proctor monitoring via webcam and screen sharing, and simulates on-the-job scenarios. The existing ONAP Fundamentals training course is also available to assist candidates in learning the proper use of ONAP and preparing for the exam. The certification exam tests specific domains and competencies including: Service Design Service Deployment Service LCM Troubleshooting Closed Loop Automation COP is designed for engineers at service providers and enterprises who develop, deploy, and scale their networks and next-generation services, especially in light of the growth in 5G and edge computing. The exam expects a baseline understanding of the underlying cloud platform, such as Kubernetes and OpenStack, and minimal familiarity with modeling languages like Heat and TOSCA. "Telecommunications may be the area of technology that has seen the most significant shift in terms of how networks are built and managed in recent years, and there is a tremendous need for upskilling and reskilling in this industry," said Clyde Seepersad, SVP and general manager of training & certification at The Linux Foundation. "It is essential we have accessible, high quality training available to help both new and existing workers in these industries to obtain the skills they need to utilize these new technologies, as well as verifiable ways of confirming those skills; this new exam helps accomplish that." "Global service providers need network automation and as ONAP increasingly becomes a de facto choice, re-training network admins and personnel is the highest priority," said Arpit Joshipura, general manager networking, edge & IOT at the Linux Foundation. The COP exam is available to be scheduled immediately. More information about the exam and topics covered in it is available here. The ONAP project will be issuing its Guilan release in the coming weeks. Guilan contains updated features to support 5G open source automation for network slicing, integration with open RAN, and more. Additional details available upon software release. Please visit www.lfnetworking.org. About the Linux Foundation Founded in 2000, the Linux Foundation is supported by more than 1,000 members and is the world's leading home for collaboration on open source software, open standards, open data, and open hardware. Linux Foundation's projects are critical to the world's infrastructure including Linux, Kubernetes, Node.js, and more. The Linux Foundation's methodology focuses on leveraging best practices and addressing the needs of contributors, users and solution providers to create sustainable models for open collaboration. For more information, please visit us atlinuxfoundation.org. The Linux Foundation has registered trademarks and uses trademarks. For a list of trademarks of The Linux Foundation, please see its trademark usage page:www.linuxfoundation.org/trademark-usage. Linux is a registered trademark of Linus Torvalds. Media Contact: Dan Brown The Linux Foundation 415-420-7880 [emailprotected] SOURCE The Linux Foundation Related Links www.linuxfoundation.org
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: NEW YORK, June 3, 2020 /PRNewswire/ --Mike Santomassimo, Chief Financial Officer, will speak at the Morgan Stanley Virtual US Financials Conference, at 8:45 a.m. ET on Wednesday, June 10, 2020. The discussion may include forward-looking statements and other material information. A live webcast of the audio portion of the conference will be available on the BNY Mellon website (www.bnymellon.com/investorrelations). An archived version of the audio portion will be available, beginning at approximately 5 p.m. ET on June 10, 2020 and will remain available until 5 p.m. ET on July 10, 2020. About BNY Mellon BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As of March 31, 2020, BNY Mellon had $35.2 trillion in assets under custody and/or administration, and $1.8 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. Contacts: Media Jennifer Hendricks Sullivan Palczynska +1 212 635 1374 [emailprotected] Analysts Magda Palczynska +1 212 635 8529 [emailprotected] SOURCE BNY Mellon Related Links https://www.bnymellon.com Answer:
BNY Mellon to Speak at the Morgan Stanley Virtual US Financials Conference
NEW YORK, June 3, 2020 /PRNewswire/ --Mike Santomassimo, Chief Financial Officer, will speak at the Morgan Stanley Virtual US Financials Conference, at 8:45 a.m. ET on Wednesday, June 10, 2020. The discussion may include forward-looking statements and other material information. A live webcast of the audio portion of the conference will be available on the BNY Mellon website (www.bnymellon.com/investorrelations). An archived version of the audio portion will be available, beginning at approximately 5 p.m. ET on June 10, 2020 and will remain available until 5 p.m. ET on July 10, 2020. About BNY Mellon BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As of March 31, 2020, BNY Mellon had $35.2 trillion in assets under custody and/or administration, and $1.8 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. Contacts: Media Jennifer Hendricks Sullivan Palczynska +1 212 635 1374 [emailprotected] Analysts Magda Palczynska +1 212 635 8529 [emailprotected] SOURCE BNY Mellon Related Links https://www.bnymellon.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: FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Canara HSBC Oriental Bank of Commerce Life Insurance was two weeks away from closing its fiscal year when COVID-19 hit and a nationwide lock-down was implemented. But the company continued to move forward, accelerating the remote work strategy it had initiated years earlier using digital workspace solutions from Citrix Systems, Inc. (NASDAQ: CTXS). The announcement was made one night and within the next two to three days, our team members were at work from their new home environments, recalls Mr. Sachin Dutta, Chief Operating Officer, Canara HSBC Oriental Bank of Commerce Life Insurance. And because we already had Citrix in place, we were able to ensure they had secure and reliable access to the applications and information they needed to be successful. Enabling Work Anywhere Using Citrixs digital workspace and application delivery and security solutions, including Citrix Virtual Apps and Desktops and Citrix ADC, Canara HSBC Oriental Bank of Commerce Life Insurance has created a modern digital workspace through which its team can access the applications and insights they need and prefer to use to get work done, wherever they happen to be. When the pandemic hit, Dutta and his team simply ramped things up so its business could continue without interruption. One area in which Citrix really helps is in providing business continuity and the ability to quickly scale, even during unforeseen business disruptions like this pandemic, Mr. Dutta said. Within one day of Canara HSBC Oriental Bank of Commerce Life Insurance transitioning its call center employees to remote locations, customers were able to reach them and the services they would expect in a normal scenario resumed. Without Citrix, Mr. Dutta isnt sure if the outcome would have been the same. Had we not implemented the solution several years ago, I can tell you that our year end really would have been a dry period for us and our business would have suffered, he said. Creating the Space to Succeed With Citrix, Canara HSBC Oriental Bank of Commerce Life Insurance can provide employees with simple, unified access to the systems and information they need to work free from noise and distractions and perform at their best. And according to Mr. Dutta, this has led to significant improvements in productivity. Were actually offering better service levels because we have the right digital solution that empowers our employees to engage and work productively from remote locations, which is the inverse of what we expected to happen, he said. Accelerating Digital Transformation Looking to the future, Canara HSBC Oriental Bank of Commerce Life Insurance will continue to push forward with its remote work strategy. It's certainly an agile way of doing business, and we will continue to capitalize on the flexibility that Citrix provides to deliver the best kind of experience that enables our employees to deliver superior services to our clients and move our business forward regardless of their location, Mr. Dutta said. Canara HSBC Oriental Bank of Commerce Life Insurance joins more than 400,000 companies around the world who use Citrix solutions to power a better way to work. Click here to learn more about the transformation they are driving and results they are delivering. About Canara HSBC Oriental Bank of Commerce Life Insurance Established in 2008, Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited is a joint venture between Canara Bank (51%), HSBC Insurance (Asia Pacific) Holdings Limited (26%) and Punjab National Bank (23%). Headquartered in Gurugram, the Company has branch offices pan India and sells and services its customers as per their preference and needs through a well-established distribution network in Tier 1, 2 and 3 markets combined with new-age tech servicing avenues. For more information, visit: https://www.canarahsbclife.com/index.html. About Citrix Citrix (NASDAQ: CTXS builds the secure, unified digital workspace technology that helps organizations unlock human potential and deliver a consistent workspace experience wherever work needs to get done. With Citrix, users get a seamless work experience and IT has a unified platform to secure, manage, and monitor diverse technologies in complex cloud environments. For Citrix Investors: This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the impact of the global economy and uncertainty in the IT spending environment, revenue growth and recognition of revenue, products and services, their development and distribution, product demand and pipeline, economic and competitive factors, the Company's key strategic relationships, acquisition and related integration risks as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. Citrix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein. The development, release and timing of any features or functionality described for our products remains at our sole discretion and is subject to change without notice or consultation. The information provided is for informational purposes only and is not a commitment, promise or legal obligation to deliver any material, code or functionality and should not be relied upon in making purchasing decisions or incorporated into any contract. 2021 Citrix Systems, Inc. Citrix, the Citrix logo, and other marks appearing herein are the property of Citrix Systems, Inc. and may be registered with the U.S. Patent and Trademark Office and in other countries. All other marks are the property of their respective owners. Answer:
Canara HSBC Oriental Bank of Commerce Life Insurance Enables Work from Anywhere with Citrix Company accelerates remote work strategy to keep employees engaged and productive, business moving and thriving
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Canara HSBC Oriental Bank of Commerce Life Insurance was two weeks away from closing its fiscal year when COVID-19 hit and a nationwide lock-down was implemented. But the company continued to move forward, accelerating the remote work strategy it had initiated years earlier using digital workspace solutions from Citrix Systems, Inc. (NASDAQ: CTXS). The announcement was made one night and within the next two to three days, our team members were at work from their new home environments, recalls Mr. Sachin Dutta, Chief Operating Officer, Canara HSBC Oriental Bank of Commerce Life Insurance. And because we already had Citrix in place, we were able to ensure they had secure and reliable access to the applications and information they needed to be successful. Enabling Work Anywhere Using Citrixs digital workspace and application delivery and security solutions, including Citrix Virtual Apps and Desktops and Citrix ADC, Canara HSBC Oriental Bank of Commerce Life Insurance has created a modern digital workspace through which its team can access the applications and insights they need and prefer to use to get work done, wherever they happen to be. When the pandemic hit, Dutta and his team simply ramped things up so its business could continue without interruption. One area in which Citrix really helps is in providing business continuity and the ability to quickly scale, even during unforeseen business disruptions like this pandemic, Mr. Dutta said. Within one day of Canara HSBC Oriental Bank of Commerce Life Insurance transitioning its call center employees to remote locations, customers were able to reach them and the services they would expect in a normal scenario resumed. Without Citrix, Mr. Dutta isnt sure if the outcome would have been the same. Had we not implemented the solution several years ago, I can tell you that our year end really would have been a dry period for us and our business would have suffered, he said. Creating the Space to Succeed With Citrix, Canara HSBC Oriental Bank of Commerce Life Insurance can provide employees with simple, unified access to the systems and information they need to work free from noise and distractions and perform at their best. And according to Mr. Dutta, this has led to significant improvements in productivity. Were actually offering better service levels because we have the right digital solution that empowers our employees to engage and work productively from remote locations, which is the inverse of what we expected to happen, he said. Accelerating Digital Transformation Looking to the future, Canara HSBC Oriental Bank of Commerce Life Insurance will continue to push forward with its remote work strategy. It's certainly an agile way of doing business, and we will continue to capitalize on the flexibility that Citrix provides to deliver the best kind of experience that enables our employees to deliver superior services to our clients and move our business forward regardless of their location, Mr. Dutta said. Canara HSBC Oriental Bank of Commerce Life Insurance joins more than 400,000 companies around the world who use Citrix solutions to power a better way to work. Click here to learn more about the transformation they are driving and results they are delivering. About Canara HSBC Oriental Bank of Commerce Life Insurance Established in 2008, Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited is a joint venture between Canara Bank (51%), HSBC Insurance (Asia Pacific) Holdings Limited (26%) and Punjab National Bank (23%). Headquartered in Gurugram, the Company has branch offices pan India and sells and services its customers as per their preference and needs through a well-established distribution network in Tier 1, 2 and 3 markets combined with new-age tech servicing avenues. For more information, visit: https://www.canarahsbclife.com/index.html. About Citrix Citrix (NASDAQ: CTXS builds the secure, unified digital workspace technology that helps organizations unlock human potential and deliver a consistent workspace experience wherever work needs to get done. With Citrix, users get a seamless work experience and IT has a unified platform to secure, manage, and monitor diverse technologies in complex cloud environments. For Citrix Investors: This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the impact of the global economy and uncertainty in the IT spending environment, revenue growth and recognition of revenue, products and services, their development and distribution, product demand and pipeline, economic and competitive factors, the Company's key strategic relationships, acquisition and related integration risks as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. Citrix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein. The development, release and timing of any features or functionality described for our products remains at our sole discretion and is subject to change without notice or consultation. The information provided is for informational purposes only and is not a commitment, promise or legal obligation to deliver any material, code or functionality and should not be relied upon in making purchasing decisions or incorporated into any contract. 2021 Citrix Systems, Inc. Citrix, the Citrix logo, and other marks appearing herein are the property of Citrix Systems, Inc. and may be registered with the U.S. Patent and Trademark Office and in other countries. All other marks are the property of their respective owners.
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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: Financial Highlights For the year ended December 31, 2019 Revenue amounted to approximately RMB323.1 million, representing a significant YOY increase of 53.9% from approximately RMB210.0 million in the same period last year. Gross profit amounted to approximately RMB155.9 million, representing a significant YOY increase of 47.8% from approximately RMB105.5 million in the same period last year. Net profit increased to approximately RMB265.9 million, representing a significant YOY increase of 193.5% from RMB90.6 million in the same period last year. Adjusted non-IFRS net profit increased to approximately RMB318.0 million, representing a significant YOY increase of 134.7% from RMB135.5 million in the same period last year. Adjusted non-IFRS diluted earnings per share increased to HK$0.24 from HK$0.13 in the same period last year. The Board has recommended the payment of a final dividend of HK$0.015 per share. HONG KONG, March 30,2020 /PRNewswire/ --Viva Biotech Holdings ("the "Group" or "Viva Biotech"; stock code: 1873.HK), announced its annual results for the twelve months ended 31 December 2019 (the "Reporting Period"). During the Reporting Period, the Group's innovative twin drivers of cash-for-service (CFS) business and equity-for service (EFS) business contributed to each other to secure remarkable progress, driving the Group's revenue to increase significantly to RMB323.1 million from RMB210.0 million for the corresponding period last year, representing a year-on-year ("YOY") increase of 53.9%. And its net profit increased by 193.5% to RMB265.9 million from RMB90.6 million for the corresponding period last year. Significant Growth in CFS Businesswith a Further Diversified Customers Structure Leveraging on its leading structure-based early stage drug discovery technology platforms, the Group's CFS business maintained vigorous growth in 2019, delivering more than 13,700 protein structures and more than 1,200 independent drug targets to customers. During the ReportingPeriod, revenue from the CFS business increased significantly to RMB245.6 million from RMB154.7 million for the corresponding period last year, representing a YOY increase of 58.8%. The Group had provided drug discovery services to more than 438 biotechnology and pharmaceutical customers worldwide including nine out of the ten largest global pharmaceutical companies (in terms of revenue in 2019) and 29 companies named in the Fierce Biotech Top 15 Promising Biotechs;the contract amount of customer orders reached approximately RMB349.0 million, up by 91.8% YOY. In particular, revenue generated from repeat customers accounted for 81.5% of the total revenue. Total revenue contributed by the top ten customers increased to RMB125.3 million in 2019 from RMB91.0 million for 2018, up by 37.7%, while total revenue from top ten customers as a percentage of the Group's total revenue decreased from 43.3% to 38.8%, reflecting the Group's ever-growing customer base and a diversified customer structure. Rapid Expansion in EFS Business to Achieve Initial Success in Establishing Ecosystem During the Reporting Period, revenue generated by EFS business amounted to RMB77.5 million, representing a YOY increase of approximately 40.0%. With received and reviewed 635 early-stage projects in 2019, the Group added 19 startups to the incubation portfolio companies, made additional investments in two of existing incubation portfolio companies and was in negotiation for investment in three new companies. At the same time, the Group also disposed partial equity interests in two incubation portfolio companies, namely Weimou Biotech (Shanghai) Co. Ltd. and Proviva Therapeutics, INC. During the Reporting Period, these new investment projects covered more frontier, diversified fields, and a greater geographical distribution. For example, the Group has expanded the portfolio coverage of biological macromolecules, genes and cell therapies. By establishing and improving the post-investment management system, as well as deepening cooperation with scientific research institutes, incubators in the global biopharmaceutical field and venture capitals, the Group's EFS business foundation has been further strengthened. Strengthening Technology and Incubation Platforms Capability While Expanding Human Resources and Facilities Scale In aspects of technology platforms, in addition to continuously optimizing the existing eight technology platforms including structure-based drug discovery (SBDD) platform, fragment-based drug discovery (FBDD) platform, affinity selection mass spectrometry (ASMS) screening platform and membrane protein targeted drug discovery platform, the Group is actively building new technology platforms such as Cryo-EM andComputational Chemistry,being committed to further expanding in technology fields such as new drug discovery in terms of bio-macromolecules and biological detection. During the Reporting Period, the Group's new laboratory and office premise in Zhangjiang High-Tech Park, Shanghai was expanded by approximately 8,000 square meters and primarily caters for the increasing demand of CFS customer orders. Another newly constructed modern scientific research and production center in Chengdu, covering an area of approximately 50 mu, will integrate new drug R&D, commercialization and production. In 2019, the Group attracted 6 top-tier scientists and professionals from the People's Republic of China ("PRC") and overseas to join as business partners, bringing the total number of business partners to over 20 and constantly strengthening the Group's core capacities to assess project value and the professional barriers in R&D activities. Additionally, employees of the Group increased from 486 as of the same period last year to 731, 614 of whom are R&D staffs. Promoting the Integration of Innovative Drugs Industrial Chain and Improving the Group's Service Offerings Looking forward, the Group will accelerate its strategic cooperation with quality CMO/CDMO companies by vertically integrating new drug discovery, R&D and production platforms in the industry service chain, so as to rapidly improve the service offerings of the Group, enhance the incubation capability of the EFS business and attract more CFS customers. Meanwhile, through strategic investment in a number of funds and professional platforms along the entire industrial chain, the Group's incubation portfolio and its diversity, adaptability, variety and risk resilience will be further strengthened. Dr. Cheney Mao, Chairman, Chief Executive Officer and Executive Director of Viva Biotech Holdings said: "Since our listing on the Hong Kong Stock Exchange in May 2019, Via Biotech has been continuously focusing on consolidating its technological advantages and strengthening its competitiveness in the capital market. Nowadays the global innovative drug market has witnessed vibrant growth and China's contract research organization (CRO) industry has entered a golden stage of high-speed and high-quality development, especially the surged demands for early preclinical drug R&D outsourcing services. The Group will capture such historical opportunities to proactively capture quality customers and biotech companies with high potentials at the early R&D stage of new drugs, build up and continuously raise technology barriers and expand and integrate industrial chain through improving operational efficiency, strengthening talent recruitment and enhancing platform capability, with an aim to establish an virtuous cycle of win-win cooperation, thereby achieving sustainable and high-quality growth, bringing long-term value to investors and striving for maximum returns." About Viva Biotech Holdings Viva Biotech's mission is to become a cradle for innovative biotechnology companies around the world. Viva Biotech has developed a scalable business model combing the conventional cash-for-service (CFS) model and its unique equity-for-service (EFS) model. Under the CFS model, the Group provides structure-based drug discovery services to its biotechnology and pharmaceutical customers worldwide for their pre-clinical stage innovative drug development, covering the full spectrum of the customers' needs for early stage drug discovery, including target protein expression and structure research, hit screening, lead optimization and drug candidate determination. Viva Biotech also provides drug discovery and incubation services to biotechnology start-up companies with high potential under its EFS model. As of December31, 2019, Viva Biotech had provided drug discovery services to 438 biotechnology and pharmaceutical customers worldwide, worked on over 1,200 independent drug targets, delivered over 13,700 independent protein structures, and incubated a total of 46 early stage R&D projects. SOURCE Viva Biotech Holdings Answer:
Viva Biotech Announced 2019 Annual Results
Financial Highlights For the year ended December 31, 2019 Revenue amounted to approximately RMB323.1 million, representing a significant YOY increase of 53.9% from approximately RMB210.0 million in the same period last year. Gross profit amounted to approximately RMB155.9 million, representing a significant YOY increase of 47.8% from approximately RMB105.5 million in the same period last year. Net profit increased to approximately RMB265.9 million, representing a significant YOY increase of 193.5% from RMB90.6 million in the same period last year. Adjusted non-IFRS net profit increased to approximately RMB318.0 million, representing a significant YOY increase of 134.7% from RMB135.5 million in the same period last year. Adjusted non-IFRS diluted earnings per share increased to HK$0.24 from HK$0.13 in the same period last year. The Board has recommended the payment of a final dividend of HK$0.015 per share. HONG KONG, March 30,2020 /PRNewswire/ --Viva Biotech Holdings ("the "Group" or "Viva Biotech"; stock code: 1873.HK), announced its annual results for the twelve months ended 31 December 2019 (the "Reporting Period"). During the Reporting Period, the Group's innovative twin drivers of cash-for-service (CFS) business and equity-for service (EFS) business contributed to each other to secure remarkable progress, driving the Group's revenue to increase significantly to RMB323.1 million from RMB210.0 million for the corresponding period last year, representing a year-on-year ("YOY") increase of 53.9%. And its net profit increased by 193.5% to RMB265.9 million from RMB90.6 million for the corresponding period last year. Significant Growth in CFS Businesswith a Further Diversified Customers Structure Leveraging on its leading structure-based early stage drug discovery technology platforms, the Group's CFS business maintained vigorous growth in 2019, delivering more than 13,700 protein structures and more than 1,200 independent drug targets to customers. During the ReportingPeriod, revenue from the CFS business increased significantly to RMB245.6 million from RMB154.7 million for the corresponding period last year, representing a YOY increase of 58.8%. The Group had provided drug discovery services to more than 438 biotechnology and pharmaceutical customers worldwide including nine out of the ten largest global pharmaceutical companies (in terms of revenue in 2019) and 29 companies named in the Fierce Biotech Top 15 Promising Biotechs;the contract amount of customer orders reached approximately RMB349.0 million, up by 91.8% YOY. In particular, revenue generated from repeat customers accounted for 81.5% of the total revenue. Total revenue contributed by the top ten customers increased to RMB125.3 million in 2019 from RMB91.0 million for 2018, up by 37.7%, while total revenue from top ten customers as a percentage of the Group's total revenue decreased from 43.3% to 38.8%, reflecting the Group's ever-growing customer base and a diversified customer structure. Rapid Expansion in EFS Business to Achieve Initial Success in Establishing Ecosystem During the Reporting Period, revenue generated by EFS business amounted to RMB77.5 million, representing a YOY increase of approximately 40.0%. With received and reviewed 635 early-stage projects in 2019, the Group added 19 startups to the incubation portfolio companies, made additional investments in two of existing incubation portfolio companies and was in negotiation for investment in three new companies. At the same time, the Group also disposed partial equity interests in two incubation portfolio companies, namely Weimou Biotech (Shanghai) Co. Ltd. and Proviva Therapeutics, INC. During the Reporting Period, these new investment projects covered more frontier, diversified fields, and a greater geographical distribution. For example, the Group has expanded the portfolio coverage of biological macromolecules, genes and cell therapies. By establishing and improving the post-investment management system, as well as deepening cooperation with scientific research institutes, incubators in the global biopharmaceutical field and venture capitals, the Group's EFS business foundation has been further strengthened. Strengthening Technology and Incubation Platforms Capability While Expanding Human Resources and Facilities Scale In aspects of technology platforms, in addition to continuously optimizing the existing eight technology platforms including structure-based drug discovery (SBDD) platform, fragment-based drug discovery (FBDD) platform, affinity selection mass spectrometry (ASMS) screening platform and membrane protein targeted drug discovery platform, the Group is actively building new technology platforms such as Cryo-EM andComputational Chemistry,being committed to further expanding in technology fields such as new drug discovery in terms of bio-macromolecules and biological detection. During the Reporting Period, the Group's new laboratory and office premise in Zhangjiang High-Tech Park, Shanghai was expanded by approximately 8,000 square meters and primarily caters for the increasing demand of CFS customer orders. Another newly constructed modern scientific research and production center in Chengdu, covering an area of approximately 50 mu, will integrate new drug R&D, commercialization and production. In 2019, the Group attracted 6 top-tier scientists and professionals from the People's Republic of China ("PRC") and overseas to join as business partners, bringing the total number of business partners to over 20 and constantly strengthening the Group's core capacities to assess project value and the professional barriers in R&D activities. Additionally, employees of the Group increased from 486 as of the same period last year to 731, 614 of whom are R&D staffs. Promoting the Integration of Innovative Drugs Industrial Chain and Improving the Group's Service Offerings Looking forward, the Group will accelerate its strategic cooperation with quality CMO/CDMO companies by vertically integrating new drug discovery, R&D and production platforms in the industry service chain, so as to rapidly improve the service offerings of the Group, enhance the incubation capability of the EFS business and attract more CFS customers. Meanwhile, through strategic investment in a number of funds and professional platforms along the entire industrial chain, the Group's incubation portfolio and its diversity, adaptability, variety and risk resilience will be further strengthened. Dr. Cheney Mao, Chairman, Chief Executive Officer and Executive Director of Viva Biotech Holdings said: "Since our listing on the Hong Kong Stock Exchange in May 2019, Via Biotech has been continuously focusing on consolidating its technological advantages and strengthening its competitiveness in the capital market. Nowadays the global innovative drug market has witnessed vibrant growth and China's contract research organization (CRO) industry has entered a golden stage of high-speed and high-quality development, especially the surged demands for early preclinical drug R&D outsourcing services. The Group will capture such historical opportunities to proactively capture quality customers and biotech companies with high potentials at the early R&D stage of new drugs, build up and continuously raise technology barriers and expand and integrate industrial chain through improving operational efficiency, strengthening talent recruitment and enhancing platform capability, with an aim to establish an virtuous cycle of win-win cooperation, thereby achieving sustainable and high-quality growth, bringing long-term value to investors and striving for maximum returns." About Viva Biotech Holdings Viva Biotech's mission is to become a cradle for innovative biotechnology companies around the world. Viva Biotech has developed a scalable business model combing the conventional cash-for-service (CFS) model and its unique equity-for-service (EFS) model. Under the CFS model, the Group provides structure-based drug discovery services to its biotechnology and pharmaceutical customers worldwide for their pre-clinical stage innovative drug development, covering the full spectrum of the customers' needs for early stage drug discovery, including target protein expression and structure research, hit screening, lead optimization and drug candidate determination. Viva Biotech also provides drug discovery and incubation services to biotechnology start-up companies with high potential under its EFS model. As of December31, 2019, Viva Biotech had provided drug discovery services to 438 biotechnology and pharmaceutical customers worldwide, worked on over 1,200 independent drug targets, delivered over 13,700 independent protein structures, and incubated a total of 46 early stage R&D projects. SOURCE Viva Biotech Holdings
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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: The #1 metals and mining conference in the world will be fully digital for the first time Largest number of participants to date, including record number of institutional investors Industry leaders from 31 countries and 6 continents to participate Pandemic, sustainability and outlook on growth areas, including the EV revolution, will be key themes BMO Research analysts available for comment NEW YORK and TORONTO, Feb. 19, 2021 /PRNewswire/ -BMO Capital Markets will host its 30thGlobal Metals & Mining Conference fromMarch 1 to March 5, 2021. Normally held in Florida, USA each year, the conference will be fully digital for the first time. "We are excited to host the #1 global metals and mining conference in the world for the 30th year. It's our first time presenting this conference digitally and yet it is shaping up to be our biggest one ever," said Dan Barclay, CEO and Group Head, BMO Capital Markets. "We're looking forward to bringing together the biggest players from around the world for insightful presentations and timely conversations, including the critical importance of ESG and sustainability as we collectively work toward a lower carbon economy." The annual conference brings together metals and mining industry leaders and institutional investors from around the world more than 1,600 professionals representing approximately 300 organizations. The event is considered a barometer of industry sentiment for the year to come, featuring live discussions with some of the world's largest metals and mining companies. Notable session topics include: China's place in the mining ecosystem; the energy metals transition and adoption of electric vehicles; the strength of the precious metals environment; and ESG and its implications for both metals & mining companies and investors. "We are honoured to host senior executives and investors in the industry once again at our flagship event, reinforcing the thought leadership and deep sector knowledge associated with BMO Capital Markets," saidIlan Bahar, Co-Head of Global Metals and Mining, BMO Capital Markets. "The BMO Global Metals & Mining Conference is a testament to our unwavering commitment to the sector and this is no less true in times of the pandemic. Our firm has been a dominant force in metals and mining for more than a century, serving clients in achieving their strategic objectives," saidJamie Rogers, Co-Head of Global Metals and Mining, BMO Capital Markets. Amongst others, companies scheduled to present at the conference include: Agnico Eagle Mines (AEM) Alcoa (AA) Anglo American (AAL) AngloGold Ashanti (ANG) Antofagasta (ANTO) B2Gold (BTO) Barrick Gold (ABX) BHP Billiton (BLT) Boliden (BOL) Cameco (CCO) Cliffs (CLF) Endeavour Mining (EDV) Evolution Mining (EVN) First Quantum Minerals (FM) Franco-Nevada (FNV) Freeport-McMoRan (FCX) Fortescue (FMG) Glencore (GLEN) Ivanhoe (IVN) Kinross Gold (KGC) Kirkland Lake Gold (KL) Lundin Mining (LUN) Newcrest Mining (NCM) Newmont Mining (NEM) Northern Star (NST) Nucor (NUE) Nutrien (NTR) Osisko Gold Royalties (OR) Pan American Silver (PAAS) Polyus (PLZL) Rio Tinto (RIO) Royal Gold (RGLD) Sibanye-Stillwater (SGL) South32 (S32) Steel Dynamics (STLD) Teck Resources (TECK) Vale (VALE) Wheaton Precious Metals (WPM) Yamana (YRI) The conference is hosted by the BMO Capital Markets' Metals & Mining Equity Research team. The bank's metals & mining specialists are part of a team of equity analysts across Canada, the U.S. and the U.K. that together cover approximately 920 equities globally. With 10 analysts dedicated to the sector, its Metals & Mining Equity Research team has one of the largest coverage universes of metals, mining and fertilizer companies in the world, with more than 150 companies under coverage. BMO Capital Markets has been advising companies in the metals & mining industry for more than a century. For twelve consecutive years, including this year, Global Finance Magazine has recognized BMO Capital Markets as the best investment bank for metals and mining in the world. News media who would like a copy of the agenda or to request an interview about the conference and market sentiment are asked to contact BMO Media Relations (information below). About BMO Capital MarketsBMO Capital Markets is a leading, full-service North American-based financial services provider offering corporate, institutional and government clients access to a complete range of products and services including equity and debt underwriting, corporate lending and project financing, mergers and acquisitions advisory services, securitization, treasury management, market risk management, debt and equity research and institutional sales and trading. With approximately 2,700 professionals in 33 locations around the world, including 19 offices inNorth America, BMO Capital Markets works proactively with clients to provide innovative and integrated financial solutions. BMO Capital Markets is a member of BMO Financial Group (NYSE, TSX: BMO) one of the largest diversified financial services providers inNorth Americawith$949 billiontotal assets as atOctober 31, 2020. SOURCE BMO Financial Group Related Links www.bmo.com Answer:
BMO to Host 30th Annual Global Metals & Mining Conference
The #1 metals and mining conference in the world will be fully digital for the first time Largest number of participants to date, including record number of institutional investors Industry leaders from 31 countries and 6 continents to participate Pandemic, sustainability and outlook on growth areas, including the EV revolution, will be key themes BMO Research analysts available for comment NEW YORK and TORONTO, Feb. 19, 2021 /PRNewswire/ -BMO Capital Markets will host its 30thGlobal Metals & Mining Conference fromMarch 1 to March 5, 2021. Normally held in Florida, USA each year, the conference will be fully digital for the first time. "We are excited to host the #1 global metals and mining conference in the world for the 30th year. It's our first time presenting this conference digitally and yet it is shaping up to be our biggest one ever," said Dan Barclay, CEO and Group Head, BMO Capital Markets. "We're looking forward to bringing together the biggest players from around the world for insightful presentations and timely conversations, including the critical importance of ESG and sustainability as we collectively work toward a lower carbon economy." The annual conference brings together metals and mining industry leaders and institutional investors from around the world more than 1,600 professionals representing approximately 300 organizations. The event is considered a barometer of industry sentiment for the year to come, featuring live discussions with some of the world's largest metals and mining companies. Notable session topics include: China's place in the mining ecosystem; the energy metals transition and adoption of electric vehicles; the strength of the precious metals environment; and ESG and its implications for both metals & mining companies and investors. "We are honoured to host senior executives and investors in the industry once again at our flagship event, reinforcing the thought leadership and deep sector knowledge associated with BMO Capital Markets," saidIlan Bahar, Co-Head of Global Metals and Mining, BMO Capital Markets. "The BMO Global Metals & Mining Conference is a testament to our unwavering commitment to the sector and this is no less true in times of the pandemic. Our firm has been a dominant force in metals and mining for more than a century, serving clients in achieving their strategic objectives," saidJamie Rogers, Co-Head of Global Metals and Mining, BMO Capital Markets. Amongst others, companies scheduled to present at the conference include: Agnico Eagle Mines (AEM) Alcoa (AA) Anglo American (AAL) AngloGold Ashanti (ANG) Antofagasta (ANTO) B2Gold (BTO) Barrick Gold (ABX) BHP Billiton (BLT) Boliden (BOL) Cameco (CCO) Cliffs (CLF) Endeavour Mining (EDV) Evolution Mining (EVN) First Quantum Minerals (FM) Franco-Nevada (FNV) Freeport-McMoRan (FCX) Fortescue (FMG) Glencore (GLEN) Ivanhoe (IVN) Kinross Gold (KGC) Kirkland Lake Gold (KL) Lundin Mining (LUN) Newcrest Mining (NCM) Newmont Mining (NEM) Northern Star (NST) Nucor (NUE) Nutrien (NTR) Osisko Gold Royalties (OR) Pan American Silver (PAAS) Polyus (PLZL) Rio Tinto (RIO) Royal Gold (RGLD) Sibanye-Stillwater (SGL) South32 (S32) Steel Dynamics (STLD) Teck Resources (TECK) Vale (VALE) Wheaton Precious Metals (WPM) Yamana (YRI) The conference is hosted by the BMO Capital Markets' Metals & Mining Equity Research team. The bank's metals & mining specialists are part of a team of equity analysts across Canada, the U.S. and the U.K. that together cover approximately 920 equities globally. With 10 analysts dedicated to the sector, its Metals & Mining Equity Research team has one of the largest coverage universes of metals, mining and fertilizer companies in the world, with more than 150 companies under coverage. BMO Capital Markets has been advising companies in the metals & mining industry for more than a century. For twelve consecutive years, including this year, Global Finance Magazine has recognized BMO Capital Markets as the best investment bank for metals and mining in the world. News media who would like a copy of the agenda or to request an interview about the conference and market sentiment are asked to contact BMO Media Relations (information below). About BMO Capital MarketsBMO Capital Markets is a leading, full-service North American-based financial services provider offering corporate, institutional and government clients access to a complete range of products and services including equity and debt underwriting, corporate lending and project financing, mergers and acquisitions advisory services, securitization, treasury management, market risk management, debt and equity research and institutional sales and trading. With approximately 2,700 professionals in 33 locations around the world, including 19 offices inNorth America, BMO Capital Markets works proactively with clients to provide innovative and integrated financial solutions. BMO Capital Markets is a member of BMO Financial Group (NYSE, TSX: BMO) one of the largest diversified financial services providers inNorth Americawith$949 billiontotal assets as atOctober 31, 2020. SOURCE BMO Financial Group Related Links www.bmo.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 JOSE, Calif.--(BUSINESS WIRE)--Roku, Inc. (NASDAQ: ROKU) today unveiled its new streaming lineup for the U.S. to include an all-new and redesigned Roku Ultra (MSRP $99.99) and the addition of the Roku Streambar (MSRP $129.99). Roku Ultra offers the best performance of any Roku player for less than $100, and was specifically designed for avid streamers. For streamers looking to add powerful streaming and premium sound to any TV, the Roku Streambar is the easiest way for consumers to upgrade and de-clutter their home entertainment systems. In addition, Roku also announced Roku OS 9.4 in a separate announcement today. We are focused on delivering a variety of innovative, top-performing products at an incredible value to our customers so they can get to the content they care about quickly, said Mark Ely, Vice President, Retail Product Strategy at Roku. Our new streaming player lineup now includes reimagined streaming devices in the Roku Ultra and Roku Streambar we continue to offer a great device no matter the use case our customers are looking for whether they are new to streaming or looking to add great sound and streaming to their home entertainment center. Roku Ultra Roku Ultra remains the ultimate streaming player offering powerful, smooth streaming with channels that launch in a snap and our best wireless, now with up to 50% more range and Bluetooth support. Stream in extraordinary Dolby Vision picture quality and experience immersive Dolby Atmos sound when you pair it with compatible devices. Inside the box is a Roku voice remote featuring TV power and volume controls, personal shortcut buttons, and headphones for private listeningit even has a lost remote finderand now a High-Speed Premium HDMI cable. Control the Roku Ultra by speaking to Amazon Alexa or Google Assistant devices. Roku Ultra is perfect for cord cutters and people who love to stream. Features include: Roku Streambar Roku Streambar is the ultimate 2-in-1 entertainment upgrade with powerful streaming and premium sound for any TV with HDMI. Hear every detail as you stream in vibrant 4K HDR picture quality on 4K HDR compatible TVs. Crisp, clean audio makes dialogue easier to hear and, with its compact design, it fills the room with sound. Quiet loud commercials automatically. Control the Roku Streambar by speaking to Amazon Alexa and/or Google Assistant devices. Later this year, Apple AirPlay 2 and HomeKit capabilities are expected to begin roll out on select 4K Roku devices. With Apple AirPlay 2, customers can stream videos, music and more to the big screen, and with HomeKit, they can easily and securely control their Roku device using the Home app and Siri. Setup is simple with everything in the box, including one voice remote that controls your TV, sound, and streaming. Additional features include: Adding Value Via Content Offers More information on these offers and others can be found at Roku.com/Offers. The Roku Ultra and Roku Streambar are available for pre-order at Roku.com starting today and are expected to ship in October. General availability at Roku.com and major retailers is expected in October. The Roku Streambar will also be available in Canada, Mexico and the U.K. Also available on shelf in the U.S. will be the Roku Express, the Roku Express+, the Roku Premiere, the Roku Streaming Stick+, the Roku Streaming Stick+ HE and the Roku Ultra LT. For more information visit Roku.com. About Roku, Inc. Roku pioneered streaming to the TV. We connect users to the streaming content they love, enable content publishers to build and monetize large audiences, and provide advertisers with unique capabilities to engage consumers. Roku TV models and Roku streaming players are available in select countries around the world through direct retail sales and licensing arrangements with TV brands and service operators. Roku audio products are available in the U.S. through direct retail sales. Roku is headquartered in San Jose, Calif. U.S.A. This press release contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us on the date of this press release. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance, or achievements to be materially different from those expressed or implied by the forward-looking statements. These statements include but are not limited to the benefits, impact, features, pricing and availability of the new Roku streaming lineup, including the new Roku Ultra and Roku Soundbar, and the features, benefits and reach of the Roku OS and the Roku platform. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future. Important factors that could cause our actual results to differ materially are detailed from time to time in the reports Roku, Inc. files with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2019 and our Quarterly Report on Form 10-Q for the quarter ended June 30, 2020. Copies of reports filed with the SEC are posted on Rokus website and are available from Roku without charge. Roku is a registered trademark and Roku TV is a trademark of Roku, Inc. in the U.S. and in other countries. Trade names, trademarks and service marks of other companies appearing in this press release are the property of their respective holders. Answer:
Roku Introduces All New Roku Ultra and Unveils the Roku Streambar Faster Roku Ultra Delivers our Best Wireless and Dolby Vision; Innovative Roku Streambar Upgrades Any TV with Powerful Streaming and Premium Sound
SAN JOSE, Calif.--(BUSINESS WIRE)--Roku, Inc. (NASDAQ: ROKU) today unveiled its new streaming lineup for the U.S. to include an all-new and redesigned Roku Ultra (MSRP $99.99) and the addition of the Roku Streambar (MSRP $129.99). Roku Ultra offers the best performance of any Roku player for less than $100, and was specifically designed for avid streamers. For streamers looking to add powerful streaming and premium sound to any TV, the Roku Streambar is the easiest way for consumers to upgrade and de-clutter their home entertainment systems. In addition, Roku also announced Roku OS 9.4 in a separate announcement today. We are focused on delivering a variety of innovative, top-performing products at an incredible value to our customers so they can get to the content they care about quickly, said Mark Ely, Vice President, Retail Product Strategy at Roku. Our new streaming player lineup now includes reimagined streaming devices in the Roku Ultra and Roku Streambar we continue to offer a great device no matter the use case our customers are looking for whether they are new to streaming or looking to add great sound and streaming to their home entertainment center. Roku Ultra Roku Ultra remains the ultimate streaming player offering powerful, smooth streaming with channels that launch in a snap and our best wireless, now with up to 50% more range and Bluetooth support. Stream in extraordinary Dolby Vision picture quality and experience immersive Dolby Atmos sound when you pair it with compatible devices. Inside the box is a Roku voice remote featuring TV power and volume controls, personal shortcut buttons, and headphones for private listeningit even has a lost remote finderand now a High-Speed Premium HDMI cable. Control the Roku Ultra by speaking to Amazon Alexa or Google Assistant devices. Roku Ultra is perfect for cord cutters and people who love to stream. Features include: Roku Streambar Roku Streambar is the ultimate 2-in-1 entertainment upgrade with powerful streaming and premium sound for any TV with HDMI. Hear every detail as you stream in vibrant 4K HDR picture quality on 4K HDR compatible TVs. Crisp, clean audio makes dialogue easier to hear and, with its compact design, it fills the room with sound. Quiet loud commercials automatically. Control the Roku Streambar by speaking to Amazon Alexa and/or Google Assistant devices. Later this year, Apple AirPlay 2 and HomeKit capabilities are expected to begin roll out on select 4K Roku devices. With Apple AirPlay 2, customers can stream videos, music and more to the big screen, and with HomeKit, they can easily and securely control their Roku device using the Home app and Siri. Setup is simple with everything in the box, including one voice remote that controls your TV, sound, and streaming. Additional features include: Adding Value Via Content Offers More information on these offers and others can be found at Roku.com/Offers. The Roku Ultra and Roku Streambar are available for pre-order at Roku.com starting today and are expected to ship in October. General availability at Roku.com and major retailers is expected in October. The Roku Streambar will also be available in Canada, Mexico and the U.K. Also available on shelf in the U.S. will be the Roku Express, the Roku Express+, the Roku Premiere, the Roku Streaming Stick+, the Roku Streaming Stick+ HE and the Roku Ultra LT. For more information visit Roku.com. About Roku, Inc. Roku pioneered streaming to the TV. We connect users to the streaming content they love, enable content publishers to build and monetize large audiences, and provide advertisers with unique capabilities to engage consumers. Roku TV models and Roku streaming players are available in select countries around the world through direct retail sales and licensing arrangements with TV brands and service operators. Roku audio products are available in the U.S. through direct retail sales. Roku is headquartered in San Jose, Calif. U.S.A. This press release contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us on the date of this press release. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance, or achievements to be materially different from those expressed or implied by the forward-looking statements. These statements include but are not limited to the benefits, impact, features, pricing and availability of the new Roku streaming lineup, including the new Roku Ultra and Roku Soundbar, and the features, benefits and reach of the Roku OS and the Roku platform. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future. Important factors that could cause our actual results to differ materially are detailed from time to time in the reports Roku, Inc. files with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2019 and our Quarterly Report on Form 10-Q for the quarter ended June 30, 2020. Copies of reports filed with the SEC are posted on Rokus website and are available from Roku without charge. Roku is a registered trademark and Roku TV is a trademark of Roku, Inc. in the U.S. and in other countries. Trade names, trademarks and service marks of other companies appearing in this press release are the property of their respective holders.
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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: ESPOO, Finland, June 11, 2020 /PRNewswire/ --IQM Finland Oy (IQM), a leading European company for quantum computer hardware, was just awarded a 2.5M grant and up to 15M of equity investment from the EIC Accelerator program for the development of quantum computers, benefiting the industry and the society at large. Together with Business Finland grants of 3.3M that IQM received so far, the company is on a fast run with more than 20M more raised in less than a year from its 11.4M seed round, summing in total to 32M. IQM quantum computer design (PRNewsfoto/IQM Finland Oy) IQM's CEO and Co-founder Dr Jan Goetz at IQM's new lab, in Espoo, Finland (PRNewsfoto/IQM Finland Oy) IQM founders: Dr Kuan Yen Tan (CTO), Prof Mikko Mttnen (Chief Scientist), Dr Jan Goetz (CEO), Dr Juha Vartiainen (COO). (PRNewsfoto/IQM Finland Oy) IQM has experienced amazing growth, set up a fully functional research lab in record time, and also hired the largest industrial quantum hardware team in Europe. With the help of this new 20M, IQM will hire one quantum engineer per week and take an important next step to commercialize the technology through co-design of quantum-computing hardware and applications. "Quantum computers will be funded by European governments, supporting IQMs expansion strategy to build quantum computers in Germany," says Dr. Jan Goetz, CEO and co-founder of IQM. Last week, the Finnish government announced they will support the acquisition of a quantum computer with 20.7M for the Finnish State Research center VTT. "It has been a mind-blowing forty-million past week for quantum computers in Finland. IQM staff is excited to work together with VTT, Aalto University, and CSC in this ecosystem," rejoices Prof. Mikko Mttnen, Chief Scientist and co-founder of IQM.This announcement was followed by the German government with 2b and to immediately commission the construction of at least two quantum computers. IQM sees this as an ideal point to expand its operations in Germany."With our growing team in Munich, IQM will build co-design quantum computers for commercial applications and install testing facilities for quantum processors," states Prof. Enrique Solano, CEO of IQM Germany. Quantum computing will radically transform the lives of billions of people. Applications range from game-changing invention of medicine and novel materials to the discovery of economic models and sustainable processes. "We are witnessing a boost in deep-tech funding in Europe, very important now. For a healthy growth of startups like IQM, we need all three funding channels: (1) research grants to stimulate new key innovations, (2) equity investments to grow the company, (3) early adoption through acquisitions supported by the government. This allows to pool the risk while creating a new industry and business cases," says Dr. Goetz.IQM is focusing on superconducting quantum processors, which are streamlined for commercial applications in a novel Co-Design approach."Withthe new funding and immense support from the Finnish and the European governments, we are ready to scale technologically. This brings us closer to quantum advantage thus providing tangible commercial value in near-term quantum computers," adds Dr. Kuan Yen Tan, CTO and co-founder of IQM. IQM ranks in the top 2% of all European deep tech startups applying for the highly competitive EIC Accelerator programThanks to its strong technology and business plan, IQM was one of the 72 to succeed in the very competitive selection process of the EIC. Altogether 3969 companies applied for this funding. "The 15M equity component of the EIC can be an ideal contribution to IQM's Series A funding round." says a beaming Dr. Juha Vartiainen, COO and co-founder of IQM.The new funding also supports IQMs recent establishment of its new underground quantum computing infrastructure capable of housing the first European farm of quantum computers. IQM provides the full hardware stack for a quantum computer, integrating different technologies, and invites collaborations with quantum software companies. Brilliant quantum software engineers are also welcomed to join IQM. About IQM:https://www.meetiqm.com/company/#aboutusIQM videos:https://www.youtube.com/channel/UCvjqSqZiJ715XVH3O3IF93QAbout EIC Accelerator (SME instrument) program:https://ec.europa.eu/easme/en/news/eic-accelerator-offers-new-blend-grants-and-equityAbout Business Finland:https://www.businessfinland.fi/en/for-finnish-customers/about-us/in-brief/IQM PR CONTACTSIQMContacts for questions and comments:DrJan GoetzCEO,IQMemail:[emailprotected] tel.+358 505 666483(English & German)ProfMikkoMttnenChief Scientist, IQMemail: [emailprotected]tel.+358 505 940950(English & Finnish)DrKuanYen TanChieftechnology officer,IQMemail:[emailprotected]tel.+358504778091(English & Chinese)SOURCE IQM Finland Oy Related Links http://meetiqm.com/contact/ Answer:
European Deep-tech Champion IQM Receives More Than 20M of New Funding English English espaol Franais Deutsch Simultaneously IQM unveils its first quantum computer design to set the phase in the technology roadmap
ESPOO, Finland, June 11, 2020 /PRNewswire/ --IQM Finland Oy (IQM), a leading European company for quantum computer hardware, was just awarded a 2.5M grant and up to 15M of equity investment from the EIC Accelerator program for the development of quantum computers, benefiting the industry and the society at large. Together with Business Finland grants of 3.3M that IQM received so far, the company is on a fast run with more than 20M more raised in less than a year from its 11.4M seed round, summing in total to 32M. IQM quantum computer design (PRNewsfoto/IQM Finland Oy) IQM's CEO and Co-founder Dr Jan Goetz at IQM's new lab, in Espoo, Finland (PRNewsfoto/IQM Finland Oy) IQM founders: Dr Kuan Yen Tan (CTO), Prof Mikko Mttnen (Chief Scientist), Dr Jan Goetz (CEO), Dr Juha Vartiainen (COO). (PRNewsfoto/IQM Finland Oy) IQM has experienced amazing growth, set up a fully functional research lab in record time, and also hired the largest industrial quantum hardware team in Europe. With the help of this new 20M, IQM will hire one quantum engineer per week and take an important next step to commercialize the technology through co-design of quantum-computing hardware and applications. "Quantum computers will be funded by European governments, supporting IQMs expansion strategy to build quantum computers in Germany," says Dr. Jan Goetz, CEO and co-founder of IQM. Last week, the Finnish government announced they will support the acquisition of a quantum computer with 20.7M for the Finnish State Research center VTT. "It has been a mind-blowing forty-million past week for quantum computers in Finland. IQM staff is excited to work together with VTT, Aalto University, and CSC in this ecosystem," rejoices Prof. Mikko Mttnen, Chief Scientist and co-founder of IQM.This announcement was followed by the German government with 2b and to immediately commission the construction of at least two quantum computers. IQM sees this as an ideal point to expand its operations in Germany."With our growing team in Munich, IQM will build co-design quantum computers for commercial applications and install testing facilities for quantum processors," states Prof. Enrique Solano, CEO of IQM Germany. Quantum computing will radically transform the lives of billions of people. Applications range from game-changing invention of medicine and novel materials to the discovery of economic models and sustainable processes. "We are witnessing a boost in deep-tech funding in Europe, very important now. For a healthy growth of startups like IQM, we need all three funding channels: (1) research grants to stimulate new key innovations, (2) equity investments to grow the company, (3) early adoption through acquisitions supported by the government. This allows to pool the risk while creating a new industry and business cases," says Dr. Goetz.IQM is focusing on superconducting quantum processors, which are streamlined for commercial applications in a novel Co-Design approach."Withthe new funding and immense support from the Finnish and the European governments, we are ready to scale technologically. This brings us closer to quantum advantage thus providing tangible commercial value in near-term quantum computers," adds Dr. Kuan Yen Tan, CTO and co-founder of IQM. IQM ranks in the top 2% of all European deep tech startups applying for the highly competitive EIC Accelerator programThanks to its strong technology and business plan, IQM was one of the 72 to succeed in the very competitive selection process of the EIC. Altogether 3969 companies applied for this funding. "The 15M equity component of the EIC can be an ideal contribution to IQM's Series A funding round." says a beaming Dr. Juha Vartiainen, COO and co-founder of IQM.The new funding also supports IQMs recent establishment of its new underground quantum computing infrastructure capable of housing the first European farm of quantum computers. IQM provides the full hardware stack for a quantum computer, integrating different technologies, and invites collaborations with quantum software companies. Brilliant quantum software engineers are also welcomed to join IQM. About IQM:https://www.meetiqm.com/company/#aboutusIQM videos:https://www.youtube.com/channel/UCvjqSqZiJ715XVH3O3IF93QAbout EIC Accelerator (SME instrument) program:https://ec.europa.eu/easme/en/news/eic-accelerator-offers-new-blend-grants-and-equityAbout Business Finland:https://www.businessfinland.fi/en/for-finnish-customers/about-us/in-brief/IQM PR CONTACTSIQMContacts for questions and comments:DrJan GoetzCEO,IQMemail:[emailprotected] tel.+358 505 666483(English & German)ProfMikkoMttnenChief Scientist, IQMemail: [emailprotected]tel.+358 505 940950(English & Finnish)DrKuanYen TanChieftechnology officer,IQMemail:[emailprotected]tel.+358504778091(English & Chinese)SOURCE IQM Finland Oy Related Links http://meetiqm.com/contact/
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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 JUAN, Puerto Rico--(BUSINESS WIRE)--Popular, Inc. (NASDAQ: BPOP) announced today that it has declared the following monthly cash dividend on its outstanding shares of Non-Cumulative Monthly Income Preferred Stock: The Corporation also announced the following monthly distributions on its outstanding Trust Preferred Securities: About Popular, Inc. Popular, Inc. (NASDAQ: BPOP) is the leading financial institution by both assets and deposits in Puerto Rico and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico, Populars principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. Virgin Islands. Popular also offers in Puerto Rico auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. In the mainland United States, Popular provides retail, mortgage and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida. Answer:
Popular, Inc. Declares Dividend on Preferred Stock, Announces Distribution on Trust Preferred Securities
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Popular, Inc. (NASDAQ: BPOP) announced today that it has declared the following monthly cash dividend on its outstanding shares of Non-Cumulative Monthly Income Preferred Stock: The Corporation also announced the following monthly distributions on its outstanding Trust Preferred Securities: About Popular, Inc. Popular, Inc. (NASDAQ: BPOP) is the leading financial institution by both assets and deposits in Puerto Rico and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico, Populars principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. Virgin Islands. Popular also offers in Puerto Rico auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. In the mainland United States, Popular provides retail, mortgage and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida.
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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, Jan. 16, 2021 /PRNewswire/ --Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of QuantumScape Corporation (NYSE: QS) between November 27, 2020 and December 31, 2020, inclusive (the "Class Period") of the important March 8, 2021 lead plaintiff deadline in the case. The lawsuit seeks to recover damages for QuantumScape investors under the federal securities laws. To join the QuantumScape class action, go to http://www.rosenlegal.com/cases-register-2017.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [emailprotected] or [emailprotected] for information on the class action. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the Company's purported success related to its solid-state battery power, battery life, and energy density were significantly overstated; (2) the Company's battery technology was not sufficient for electric vehicle performance as it would not be able to withstand the aggressive automotive environment; (3) the Company's battery technology likely provided no meaningful improvement over existing battery technology;(4) the Company is unlikely to be able to scale its technology to the multi-layer cell necessary to power electric vehicles (5) the successful commercialization of the Company's battery technology was subject to much more significant risks and uncertainties than defendants had disclosed; and (6) as a result of the foregoing, defendants materially overstated the value and prospects of the Company's battery technology.When the true details entered the market, the lawsuit claims that investors suffered damages. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 8, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-2017.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at [emailprotected] or [emailprotected]. NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR'S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm's attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [emailprotected] [emailprotected] [emailprotected] www.rosenlegal.com SOURCE Rosen Law Firm, P.A. Related Links http://www.rosenlegal.com Answer:
ROSEN, LEADING GLOBAL INVESTOR COUNSEL, Reminds QuantumScape Corporation Investors of Important March 8 Deadline in Securities Class Action; Encourages Investors with Losses in Excess of $100K to Contact Firm - QS
NEW YORK, Jan. 16, 2021 /PRNewswire/ --Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of QuantumScape Corporation (NYSE: QS) between November 27, 2020 and December 31, 2020, inclusive (the "Class Period") of the important March 8, 2021 lead plaintiff deadline in the case. The lawsuit seeks to recover damages for QuantumScape investors under the federal securities laws. To join the QuantumScape class action, go to http://www.rosenlegal.com/cases-register-2017.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [emailprotected] or [emailprotected] for information on the class action. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the Company's purported success related to its solid-state battery power, battery life, and energy density were significantly overstated; (2) the Company's battery technology was not sufficient for electric vehicle performance as it would not be able to withstand the aggressive automotive environment; (3) the Company's battery technology likely provided no meaningful improvement over existing battery technology;(4) the Company is unlikely to be able to scale its technology to the multi-layer cell necessary to power electric vehicles (5) the successful commercialization of the Company's battery technology was subject to much more significant risks and uncertainties than defendants had disclosed; and (6) as a result of the foregoing, defendants materially overstated the value and prospects of the Company's battery technology.When the true details entered the market, the lawsuit claims that investors suffered damages. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 8, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-2017.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at [emailprotected] or [emailprotected]. NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR'S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm's attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [emailprotected] [emailprotected] [emailprotected] www.rosenlegal.com SOURCE Rosen Law Firm, P.A. Related Links http://www.rosenlegal.com
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: MINNEAPOLIS, Dec. 21, 2020 /PRNewswire/ -- Target Corporation(NYSE:TGT) is making last-minute holiday shopping fast, safe and easy in the final days before Christmas, inviting guests to use its contactless same-day pickup and delivery options up until 5 p.m. on Christmas Eve no membership required. Order Pickup and Drive Up: Guests can place their orders at the click of a button up to 5 p.m. on Dec. 24 to ensure free pickup up to the very last minute. Same-Day Delivery with Shipt: Orders can be delivered to guests' doorsteps by professional shoppers as late as 5 p.m. on Dec. 24. Delivery times vary by location and shopper availability. "Target teams across the country are ready to help guests get their last-minute items safely and easily," says Mark Schindele, Target's chief stores officer. "All season long, our nearly 1,900 stores have been delivering holiday joy to our guests no matter how they want to shop, and we've dedicated even more team members to our same-day services to make sure guests can get their online orders in plenty of time to celebrate." For guests looking to check a few final gifts off their holiday shopping lists, Target has taken steps to make its same-day services even safer and easier for last-minute shopping with: Thousands more gifts and essentials available via its popular same-day services this holiday. Target's free, contactless Order Pickup and Drive Up services offer a broad assortment across the store, ranging from gifts and dcor to place settings and fresh groceries ready within hours. Same-Day Delivery with Shipt also offers thousands of products, including the most popular gifts of 2020, groceries, apparel, cleaning supplies and essentials for the whole family. Double the Drive Up parking spaces from last year. Drive Up, Target's highest-rated service, allows guests to shop for thousands of items via the Target app and have them brought directly to their cars within minutes of arriving at the store. New this holiday season, Target doubled the total number of Drive Up spots adding nearly 8,000 more making it easier and faster for guests to pick up their orders. Even more helpful team members dedicated to safe and speedy service. This holiday, twice as many store team members will be focused on delivering same-day service than last year. Shipt also added 150,000 shoppers this season so even more same-day delivery windows are available for guests with last-minute gift lists. No membership required. Guests can enjoy these same-day fulfillment options to score all the items they need, up until the very last minute (5 p.m. on Dec. 24), without needing a membership. For more information about Target's same-day fulfillment services and how the retailer is making the holiday shopping season reliable, safe and more convenient than ever, visit Target.com. About Target CorporationMinneapolis-based Target Corporation (NYSE: TGT) serves guests at nearly 1,900 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, which today equals millions of dollars a week. For the latest store countor for more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter. SOURCE Target Corporation Related Links www.target.com Answer:
Target Announces Contactless Pick Up and At-Home Delivery Services Through 5 p.m. Dec. 24 - With shipping cutoffs passed, guests can safely shop until the last minute using Target's fast and contactless pickup and delivery services -- no membership required
MINNEAPOLIS, Dec. 21, 2020 /PRNewswire/ -- Target Corporation(NYSE:TGT) is making last-minute holiday shopping fast, safe and easy in the final days before Christmas, inviting guests to use its contactless same-day pickup and delivery options up until 5 p.m. on Christmas Eve no membership required. Order Pickup and Drive Up: Guests can place their orders at the click of a button up to 5 p.m. on Dec. 24 to ensure free pickup up to the very last minute. Same-Day Delivery with Shipt: Orders can be delivered to guests' doorsteps by professional shoppers as late as 5 p.m. on Dec. 24. Delivery times vary by location and shopper availability. "Target teams across the country are ready to help guests get their last-minute items safely and easily," says Mark Schindele, Target's chief stores officer. "All season long, our nearly 1,900 stores have been delivering holiday joy to our guests no matter how they want to shop, and we've dedicated even more team members to our same-day services to make sure guests can get their online orders in plenty of time to celebrate." For guests looking to check a few final gifts off their holiday shopping lists, Target has taken steps to make its same-day services even safer and easier for last-minute shopping with: Thousands more gifts and essentials available via its popular same-day services this holiday. Target's free, contactless Order Pickup and Drive Up services offer a broad assortment across the store, ranging from gifts and dcor to place settings and fresh groceries ready within hours. Same-Day Delivery with Shipt also offers thousands of products, including the most popular gifts of 2020, groceries, apparel, cleaning supplies and essentials for the whole family. Double the Drive Up parking spaces from last year. Drive Up, Target's highest-rated service, allows guests to shop for thousands of items via the Target app and have them brought directly to their cars within minutes of arriving at the store. New this holiday season, Target doubled the total number of Drive Up spots adding nearly 8,000 more making it easier and faster for guests to pick up their orders. Even more helpful team members dedicated to safe and speedy service. This holiday, twice as many store team members will be focused on delivering same-day service than last year. Shipt also added 150,000 shoppers this season so even more same-day delivery windows are available for guests with last-minute gift lists. No membership required. Guests can enjoy these same-day fulfillment options to score all the items they need, up until the very last minute (5 p.m. on Dec. 24), without needing a membership. For more information about Target's same-day fulfillment services and how the retailer is making the holiday shopping season reliable, safe and more convenient than ever, visit Target.com. About Target CorporationMinneapolis-based Target Corporation (NYSE: TGT) serves guests at nearly 1,900 stores and at Target.com. Since 1946, Target has given 5 percent of its profit to communities, which today equals millions of dollars a week. For the latest store countor for more information, visit Target.com/Pressroom. For a behind-the-scenes look at Target, visit Target.com/abullseyeview or follow @TargetNews on Twitter. SOURCE Target Corporation Related Links www.target.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: TAMPA, Fla., May 12, 2020 /PRNewswire/ --Xtenfer Consulting Inc., aleading provider of technology solutions focused on innovating the distant learning sphere, today announced it isranked #241 on The Financial Times inaugural list of The Americas' Fastest Growing Companies 2020, the most prestigious ranking of the fastest-growing private companies across the Americas. Presented by The Financial Times (FT) and Statista Inc., the world-leading statistics portal and industry ranking provider, The FT The Americas' Fastest Growing Companies list is comprised of the 500 enterprises in North, Central and South America that contribute most heavily to economic growth. "Out of the millions of companies in the Americas, We are thrilled to have been recognized and honored to be ranked alongside such industry-leading and pioneering companies," said Michael Meunier, Founder and Chief Executive Officer of Xtenfer Consulting. "Our proprietary software platform reflects our passion for virtual education and allows us to deliver unparalleled online learning experience directly to clients. We rely on over 150 amazing full-time and part-time staff that afford us a significant opportunity to continue scaling our portfolio and SaaS offerings as online consumption and spending habits continue to shift." Xtenfer Consulting platforms deliver robust, turnkey virtual school solutions, allowing government and corporate clients to offer hassle-free learning experience to their members. The Financial Timeswill publish its full report of winners, featuring case studies and analysis from the rankings, in the May 12print issue. The Financial Times award joins an array of recent honors earned by Xtenfer Consulting including: Inc. 5000 2019 Ranked #1708 overall, America's Fastest-Growing Companies Inc. 5000 2018 Ranked #2803 overall, America's Fastest-Growing Companies Inc. 5000 2017 Ranked #848 overall, America's Fastest-Growing Companies To learn more aboutthe Xtenfer Consulting computing platform, please visit https://www.xtenfer.com. Media Contact:JospheenKerolusPhone:855-477-3255Email: [emailprotected] Related Images xtenfer-consulting.png Xtenfer-Consulting Xtenfer Consulting Inc. logo Related Links Xtenfer Consulting Inc. SOURCE Xtenfer Consulting Inc. Related Links https://www.xtenfer.com Answer:
Xtenfer Consulting Named to the Financial Times Inaugural List of the Americas' Fastest-Growing Companies 2020
TAMPA, Fla., May 12, 2020 /PRNewswire/ --Xtenfer Consulting Inc., aleading provider of technology solutions focused on innovating the distant learning sphere, today announced it isranked #241 on The Financial Times inaugural list of The Americas' Fastest Growing Companies 2020, the most prestigious ranking of the fastest-growing private companies across the Americas. Presented by The Financial Times (FT) and Statista Inc., the world-leading statistics portal and industry ranking provider, The FT The Americas' Fastest Growing Companies list is comprised of the 500 enterprises in North, Central and South America that contribute most heavily to economic growth. "Out of the millions of companies in the Americas, We are thrilled to have been recognized and honored to be ranked alongside such industry-leading and pioneering companies," said Michael Meunier, Founder and Chief Executive Officer of Xtenfer Consulting. "Our proprietary software platform reflects our passion for virtual education and allows us to deliver unparalleled online learning experience directly to clients. We rely on over 150 amazing full-time and part-time staff that afford us a significant opportunity to continue scaling our portfolio and SaaS offerings as online consumption and spending habits continue to shift." Xtenfer Consulting platforms deliver robust, turnkey virtual school solutions, allowing government and corporate clients to offer hassle-free learning experience to their members. The Financial Timeswill publish its full report of winners, featuring case studies and analysis from the rankings, in the May 12print issue. The Financial Times award joins an array of recent honors earned by Xtenfer Consulting including: Inc. 5000 2019 Ranked #1708 overall, America's Fastest-Growing Companies Inc. 5000 2018 Ranked #2803 overall, America's Fastest-Growing Companies Inc. 5000 2017 Ranked #848 overall, America's Fastest-Growing Companies To learn more aboutthe Xtenfer Consulting computing platform, please visit https://www.xtenfer.com. Media Contact:JospheenKerolusPhone:855-477-3255Email: [emailprotected] Related Images xtenfer-consulting.png Xtenfer-Consulting Xtenfer Consulting Inc. logo Related Links Xtenfer Consulting Inc. SOURCE Xtenfer Consulting Inc. Related Links https://www.xtenfer.com
edtsum500
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: SAN RAFAEL, Calif., April 6, 2020 /PRNewswire/ --BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) today announced that based on recent meetings with health authorities in the US and Europe, the Company plans to submit marketing applications to the US Food and Drug Administration (FDA) and the European Medicines Agency (EMA) in the third quarter of 2020 for vosoritide.Vosoritide is an investigational, once daily injection analog of C-type Natriuretic Peptide (CNP) for achondroplasia, the most common form of disproportionate short stature in humans. The marketing applications are based on the outcomes from the randomized, double-blind, placebo-controlled Phase 3 study evaluating the efficacy and safety of vosoritide, announced in Dec 2019, and further supported by the long-term safety and efficacy from the Phase 2 study, ongoing extension studies, and extensive natural history data. If approved, vosoritide would be the first medicine for the treatment of Achondroplasia in the US and Europe. "We have worked with the regulatory authorities throughout the design and development of our clinical program and look forward to the ongoing interactions in the evaluation of the safety and efficacy of vosoritide in children with achondroplasia," said Hank Fuchs, M.D., President Worldwide Research and Development at BioMarin."We believe that we have a strong data package that combines the gold standard of a randomized, double-blind, placebo-controlled Phase 3 study with the long-term results in the Phase 2 open label study and extensive contemporaneous natural history data to evaluate durability.We are grateful to the children and families who have participated in these studies and are contributing to the greater body of scientific data on a potential treatment for achondroplasia." "Vosoritide is the first potential pharmacological treatment for the underlying cause of achondroplasia. It could be a medical breakthrough in providing physicians with a new tool to treat individuals with achondroplasia," said John A. Phillips, III, M.D., Vanderbilt University Medical Center (David T Karzon Professor of Pediatrics) and investigator for the vosoritide clinical program. "To have such a possible treatment for achondroplasia on the horizon, where none existed before is significant progress." "We are making great strides in understanding the biology of skeletal dysplasia and getting closer to a potential treatment," said Klaus Mohnike, Professor of Paediatrics at Magdeburg University Hospital in Germany and investigator for the vosoritide clinical program. "I am looking forward to therapeutic interventions that go beyond treating symptoms and have the potential to make a lasting difference for those affected children." Vosoritide has received orphan drug designation from the FDA and EMA for the treatment of achondroplasia.The Orphan Drug Designation program is intended to advance the evaluation and development of products that demonstrate promise for the diagnosis and/or treatment of rare diseases or conditions. Description of Phase 3 Study The global Phase 3 study was a randomized, double-blind, placebo-controlled study of vosoritide in 121 children with achondroplasia aged 5 to 14 for 52 weeks. (The enrollment age criteria were 5 to 18 per the study protocol).Vosoritide is being tested in children whose growth plates are still open. This is approximately 25% of people with achondroplasia. Children in this study have completed a minimum six-month baseline study to determine their baseline growth velocity prior to entering the Phase 3 study.The primary endpoint of the study was the change in growth velocity from baseline over one year in children treated with vosoritide compared to placebo. A wide range of secondary and exploratory endpoints included anthropometric measures such as height Z-score, body and limb proportionality and joint geometry; biochemical, biomarker and radiological assessments of bone growth and health; and evaluations of health-related quality of life (HRQoL), developmental status, and functional independence.These additional endpoints address the overall impact vosoritide has on achondroplasia and continue to be evaluated in an ongoing open-label extension study where all subjects receive active treatment. Description of Phase 2 Dose Finding Study The primary objectives of the open-label, sequential cohort, dose-finding study were to evaluate the safety and tolerability of daily subcutaneous vosoritide and to determine the dose to carry forward to Phase 3. Secondary objectives were to evaluate the effects of vosoritide on change from pre-treatment baseline in annualized growth velocity (cm/year), height Z-scores, and body segment proportionality, the vosoritide pharmacokinetic (PK) profile, and biomarkers of vosoritide activity, and endochondral ossification. All children who completed the 24-month dose finding study were then eligible to continue long term follow up in the ongoing extension study which provides long term evidence of efficacy, durability of effect and safety. About Achondroplasia Achondroplasia, the most common form of disproportionate short stature in humans, is characterized by slowing of endochondral ossification, which results in disproportionate short stature and disordered architecture in the long bones, spine, face and base of the skull.This condition is caused by a mutation in the fibroblast growth factor receptor 3 gene (FGFR3), a negative regulator of bone growth. Beyond disproportionate short stature, people with achondroplasia can experience serious health complications, including foramen magnum compression, sleep apnea, bowed legs, mid-face hypoplasia, permanent sway of the lower back, spinal stenosis and recurrent ear infections. Some of these complications can result in the need for invasive surgeries such as spinal cord decompression and straightening of bowed legs. In addition, studies show increased mortality at every age. More than 80% of children with achondroplasia have parents of average stature and have the condition as the result of a spontaneous gene mutation.The worldwide incidence rate of achondroplasia is about one in 25,000 live births.Vosoritide is being tested in children whose growth plates are still "open," typically those under 18 years of age.This is approximately 25% of people with achondroplasia.In the U.S., Europe, Latin America,the Middle East, and most of Asia Pacific, there are currently no licensed medicines for achondroplasia. About BioMarin BioMarin is a global biotechnology company that develops and commercializes innovative therapies for patients with serious and life-threatening rare genetic diseases. The company's portfolio consists of six commercialized products and multiple clinical and pre-clinical product candidates. For additional information, please visit www.biomarin.com. Information on such website is not incorporated by reference into this press release. Forward-Looking Statement This press release contains forward-looking statements about the business prospects of BioMarin Pharmaceutical Inc. (BioMarin), including, without limitation, statements about: BioMarin's vosoritide development program generally and specifically about the Company's planned submissions for marketing applications in the U.S. to the FDA and in Europe to the EMA, the strength of the data package to be submitted to regulatory authorities, the continued clinical development of vosoritide and the timing and conduct of such clinical program; the possible results of such studies, and the timing of the submissions of marketing applications to health authorities in the U.S. and Europe. These forward-looking statements are predictions and involve risks and uncertainties such that actual results may differ materially from these statements. These risks and uncertainties include, among others: final analysis of the Phase 3 data, results and timing of current and planned preclinical studies and clinical trials of vosoritide; our ability to successfully manufacture vosoritide; the content and timing of decisions by the U.S. Food and Drug Administration, the European Commission and other regulatory authorities concerning vosoritide; and those other risks and uncertainties detailed from time to time under the caption "Risk Factors" and elsewhere in the BioMarin's Securities and Exchange Commission (SEC) filings, including, without limitation, BioMarin's Quarterly Report on Form 10-K for the year ended December 31, 2019, and future SEC filings and reports by BioMarin. BioMarin undertakes no duty or obligation to update any forward-looking statements contained in this press release as a result of new information, future events or changes in its expectations. BioMarin is a registered trademark of BioMarin Pharmaceutical Inc. Contacts: Investors Media Traci McCarty Debra Charlesworth BioMarin Pharmaceutical Inc. BioMarin Pharmaceutical Inc. (415) 455-7558 (415) 455-7451 SOURCE BioMarin Pharmaceutical Inc. Related Links http://www.biomarin.com Answer:
BioMarin Plans Regulatory Submissions for Marketing Authorization of Vosoritide to Treat Children with Achondroplasia in 3Q 2020 in both US and Europe If approved, vosoritide would be the first medicine for the treatment of Achondroplasia in the US and EU
SAN RAFAEL, Calif., April 6, 2020 /PRNewswire/ --BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) today announced that based on recent meetings with health authorities in the US and Europe, the Company plans to submit marketing applications to the US Food and Drug Administration (FDA) and the European Medicines Agency (EMA) in the third quarter of 2020 for vosoritide.Vosoritide is an investigational, once daily injection analog of C-type Natriuretic Peptide (CNP) for achondroplasia, the most common form of disproportionate short stature in humans. The marketing applications are based on the outcomes from the randomized, double-blind, placebo-controlled Phase 3 study evaluating the efficacy and safety of vosoritide, announced in Dec 2019, and further supported by the long-term safety and efficacy from the Phase 2 study, ongoing extension studies, and extensive natural history data. If approved, vosoritide would be the first medicine for the treatment of Achondroplasia in the US and Europe. "We have worked with the regulatory authorities throughout the design and development of our clinical program and look forward to the ongoing interactions in the evaluation of the safety and efficacy of vosoritide in children with achondroplasia," said Hank Fuchs, M.D., President Worldwide Research and Development at BioMarin."We believe that we have a strong data package that combines the gold standard of a randomized, double-blind, placebo-controlled Phase 3 study with the long-term results in the Phase 2 open label study and extensive contemporaneous natural history data to evaluate durability.We are grateful to the children and families who have participated in these studies and are contributing to the greater body of scientific data on a potential treatment for achondroplasia." "Vosoritide is the first potential pharmacological treatment for the underlying cause of achondroplasia. It could be a medical breakthrough in providing physicians with a new tool to treat individuals with achondroplasia," said John A. Phillips, III, M.D., Vanderbilt University Medical Center (David T Karzon Professor of Pediatrics) and investigator for the vosoritide clinical program. "To have such a possible treatment for achondroplasia on the horizon, where none existed before is significant progress." "We are making great strides in understanding the biology of skeletal dysplasia and getting closer to a potential treatment," said Klaus Mohnike, Professor of Paediatrics at Magdeburg University Hospital in Germany and investigator for the vosoritide clinical program. "I am looking forward to therapeutic interventions that go beyond treating symptoms and have the potential to make a lasting difference for those affected children." Vosoritide has received orphan drug designation from the FDA and EMA for the treatment of achondroplasia.The Orphan Drug Designation program is intended to advance the evaluation and development of products that demonstrate promise for the diagnosis and/or treatment of rare diseases or conditions. Description of Phase 3 Study The global Phase 3 study was a randomized, double-blind, placebo-controlled study of vosoritide in 121 children with achondroplasia aged 5 to 14 for 52 weeks. (The enrollment age criteria were 5 to 18 per the study protocol).Vosoritide is being tested in children whose growth plates are still open. This is approximately 25% of people with achondroplasia. Children in this study have completed a minimum six-month baseline study to determine their baseline growth velocity prior to entering the Phase 3 study.The primary endpoint of the study was the change in growth velocity from baseline over one year in children treated with vosoritide compared to placebo. A wide range of secondary and exploratory endpoints included anthropometric measures such as height Z-score, body and limb proportionality and joint geometry; biochemical, biomarker and radiological assessments of bone growth and health; and evaluations of health-related quality of life (HRQoL), developmental status, and functional independence.These additional endpoints address the overall impact vosoritide has on achondroplasia and continue to be evaluated in an ongoing open-label extension study where all subjects receive active treatment. Description of Phase 2 Dose Finding Study The primary objectives of the open-label, sequential cohort, dose-finding study were to evaluate the safety and tolerability of daily subcutaneous vosoritide and to determine the dose to carry forward to Phase 3. Secondary objectives were to evaluate the effects of vosoritide on change from pre-treatment baseline in annualized growth velocity (cm/year), height Z-scores, and body segment proportionality, the vosoritide pharmacokinetic (PK) profile, and biomarkers of vosoritide activity, and endochondral ossification. All children who completed the 24-month dose finding study were then eligible to continue long term follow up in the ongoing extension study which provides long term evidence of efficacy, durability of effect and safety. About Achondroplasia Achondroplasia, the most common form of disproportionate short stature in humans, is characterized by slowing of endochondral ossification, which results in disproportionate short stature and disordered architecture in the long bones, spine, face and base of the skull.This condition is caused by a mutation in the fibroblast growth factor receptor 3 gene (FGFR3), a negative regulator of bone growth. Beyond disproportionate short stature, people with achondroplasia can experience serious health complications, including foramen magnum compression, sleep apnea, bowed legs, mid-face hypoplasia, permanent sway of the lower back, spinal stenosis and recurrent ear infections. Some of these complications can result in the need for invasive surgeries such as spinal cord decompression and straightening of bowed legs. In addition, studies show increased mortality at every age. More than 80% of children with achondroplasia have parents of average stature and have the condition as the result of a spontaneous gene mutation.The worldwide incidence rate of achondroplasia is about one in 25,000 live births.Vosoritide is being tested in children whose growth plates are still "open," typically those under 18 years of age.This is approximately 25% of people with achondroplasia.In the U.S., Europe, Latin America,the Middle East, and most of Asia Pacific, there are currently no licensed medicines for achondroplasia. About BioMarin BioMarin is a global biotechnology company that develops and commercializes innovative therapies for patients with serious and life-threatening rare genetic diseases. The company's portfolio consists of six commercialized products and multiple clinical and pre-clinical product candidates. For additional information, please visit www.biomarin.com. Information on such website is not incorporated by reference into this press release. Forward-Looking Statement This press release contains forward-looking statements about the business prospects of BioMarin Pharmaceutical Inc. (BioMarin), including, without limitation, statements about: BioMarin's vosoritide development program generally and specifically about the Company's planned submissions for marketing applications in the U.S. to the FDA and in Europe to the EMA, the strength of the data package to be submitted to regulatory authorities, the continued clinical development of vosoritide and the timing and conduct of such clinical program; the possible results of such studies, and the timing of the submissions of marketing applications to health authorities in the U.S. and Europe. These forward-looking statements are predictions and involve risks and uncertainties such that actual results may differ materially from these statements. These risks and uncertainties include, among others: final analysis of the Phase 3 data, results and timing of current and planned preclinical studies and clinical trials of vosoritide; our ability to successfully manufacture vosoritide; the content and timing of decisions by the U.S. Food and Drug Administration, the European Commission and other regulatory authorities concerning vosoritide; and those other risks and uncertainties detailed from time to time under the caption "Risk Factors" and elsewhere in the BioMarin's Securities and Exchange Commission (SEC) filings, including, without limitation, BioMarin's Quarterly Report on Form 10-K for the year ended December 31, 2019, and future SEC filings and reports by BioMarin. BioMarin undertakes no duty or obligation to update any forward-looking statements contained in this press release as a result of new information, future events or changes in its expectations. BioMarin is a registered trademark of BioMarin Pharmaceutical Inc. Contacts: Investors Media Traci McCarty Debra Charlesworth BioMarin Pharmaceutical Inc. BioMarin Pharmaceutical Inc. (415) 455-7558 (415) 455-7451 SOURCE BioMarin Pharmaceutical Inc. Related Links http://www.biomarin.com
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: LOS ANGELES, April 26, 2021 /PRNewswire/ --Eight Ray Talent Agency, formerly known as Eight Ray Agency proudly announces the start of their new talent enterprise beginning June 2021. The exciting move into talent management brings a new and exciting arm to the portfolio of the public relations agency. Continue Reading Logo Founded by Elton Qualls-Harris in 2017, Eight Ray Talent Agency will continue to encompass all the elements the boutique public relations agency is known for. Talent will have a full service public relations team that provide them with a wide variety of services from press release writing to brand placement and influencer marketing. Having a keen eye for what is fresh and upcoming in the realm of public relations and marketing, the agency also specializes in social media marketing. ERTA develops intelligent online strategies that give brands the visibility they deserve. By adding talent management and an industry bootcamp into their diversified mix of services, Eight Ray Talent Agency will become a full service option for brands and talent looking to maximize exposure. Working hard for their clients and aiming to provide the best service possible, the agency is currently securing brand deals for their talent with major companies such as Pretty Little Thing, ThreadBeast, Nike, J Lab Audio, SHEINand more. June 2021 is an exciting time for Eight Ray Talent Agency as they will begin their search for a variety of new talent. Top talent will be selected and offered a 1 year exclusive contract. For more details check www.eightrayagency.comfor updates.Related FilesCEO Elton Qualls-Harris.jpgEight Ray Talent Agency CEO with Tyler Jacob.JPGRelated Imageseight-ray-agency.jpg Eight Ray Agency Logo SOURCE Eight Ray Talent Agency Answer:
Eight Ray Agency to Launch Talent Management Service in June Eight Ray Talent Agency introduces artist development & media training bootcamp
LOS ANGELES, April 26, 2021 /PRNewswire/ --Eight Ray Talent Agency, formerly known as Eight Ray Agency proudly announces the start of their new talent enterprise beginning June 2021. The exciting move into talent management brings a new and exciting arm to the portfolio of the public relations agency. Continue Reading Logo Founded by Elton Qualls-Harris in 2017, Eight Ray Talent Agency will continue to encompass all the elements the boutique public relations agency is known for. Talent will have a full service public relations team that provide them with a wide variety of services from press release writing to brand placement and influencer marketing. Having a keen eye for what is fresh and upcoming in the realm of public relations and marketing, the agency also specializes in social media marketing. ERTA develops intelligent online strategies that give brands the visibility they deserve. By adding talent management and an industry bootcamp into their diversified mix of services, Eight Ray Talent Agency will become a full service option for brands and talent looking to maximize exposure. Working hard for their clients and aiming to provide the best service possible, the agency is currently securing brand deals for their talent with major companies such as Pretty Little Thing, ThreadBeast, Nike, J Lab Audio, SHEINand more. June 2021 is an exciting time for Eight Ray Talent Agency as they will begin their search for a variety of new talent. Top talent will be selected and offered a 1 year exclusive contract. For more details check www.eightrayagency.comfor updates.Related FilesCEO Elton Qualls-Harris.jpgEight Ray Talent Agency CEO with Tyler Jacob.JPGRelated Imageseight-ray-agency.jpg Eight Ray Agency Logo SOURCE Eight Ray Talent Agency
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (GPM), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Renewable Energy Group, Inc. (Renewable Energy or the Company) (NASDAQ: REGI) investors concerning the Company and its officers possible violations of the federal securities laws. If you suffered a loss on your Renewable Energy investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/renewable-energy-group-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights. On February 25, 2021, after the market closed, Renewable Energy issued a press release announcing its fourth quarter and full year 2020 financial results. Therein, the Company revealed that it would restate $38.2 million in cumulative revenue from January 2018 through September 30, 2020 because Renewable Energy was not the proper claimant for certain BTC [biodiesel mixture excise tax credits] payments on biodiesel it sold between January 1, 2017 and September 30, 2020. Renewable Energy further stated that it had reached an agreement with the Internal Revenue Service on a $40.5 million assessment, excluding interest to correct these claims. On this news, the Companys stock price fell as much as 9% during intraday trading on February 26, 2021. Follow us for updates on LinkedIn, Twitter, or Facebook. Whistleblower Notice: Persons with non-public information regarding Renewable Energy should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email shareholders@glancylaw.com. About GPM Glancy Prongay & Murray LLP is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. ISS Securities Class Action Services has consistently ranked GPM in its annual SCAS Top 50 Report. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements. With four offices across the country, GPMs nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPMs lawyers have handled cases covering a wide spectrum of corporate misconduct including cases involving financial restatements, internal control weaknesses, earnings management, fraudulent earnings guidance and forward looking statements, auditor misconduct, insider trading, violations of FDA regulations, actions resulting in FDA and DOJ investigations, and many other forms of corporate misconduct. GPMs attorneys have worked on securities cases relating to nearly all industries and sectors in the financial markets, including, energy, consumer discretionary, consumer staples, real estate and REITs, financial, insurance, information technology, health care, biotech, cryptocurrency, medical devices, and many more. GPMs past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barrons, Investors Business Daily, Forbes, and Money. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Answer:
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Renewable Energy Group Inc. (REGI) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (GPM), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Renewable Energy Group, Inc. (Renewable Energy or the Company) (NASDAQ: REGI) investors concerning the Company and its officers possible violations of the federal securities laws. If you suffered a loss on your Renewable Energy investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/renewable-energy-group-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights. On February 25, 2021, after the market closed, Renewable Energy issued a press release announcing its fourth quarter and full year 2020 financial results. Therein, the Company revealed that it would restate $38.2 million in cumulative revenue from January 2018 through September 30, 2020 because Renewable Energy was not the proper claimant for certain BTC [biodiesel mixture excise tax credits] payments on biodiesel it sold between January 1, 2017 and September 30, 2020. Renewable Energy further stated that it had reached an agreement with the Internal Revenue Service on a $40.5 million assessment, excluding interest to correct these claims. On this news, the Companys stock price fell as much as 9% during intraday trading on February 26, 2021. Follow us for updates on LinkedIn, Twitter, or Facebook. Whistleblower Notice: Persons with non-public information regarding Renewable Energy should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email shareholders@glancylaw.com. About GPM Glancy Prongay & Murray LLP is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. ISS Securities Class Action Services has consistently ranked GPM in its annual SCAS Top 50 Report. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements. With four offices across the country, GPMs nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPMs lawyers have handled cases covering a wide spectrum of corporate misconduct including cases involving financial restatements, internal control weaknesses, earnings management, fraudulent earnings guidance and forward looking statements, auditor misconduct, insider trading, violations of FDA regulations, actions resulting in FDA and DOJ investigations, and many other forms of corporate misconduct. GPMs attorneys have worked on securities cases relating to nearly all industries and sectors in the financial markets, including, energy, consumer discretionary, consumer staples, real estate and REITs, financial, insurance, information technology, health care, biotech, cryptocurrency, medical devices, and many more. GPMs past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barrons, Investors Business Daily, Forbes, and Money. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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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: BILBAO, Spain, April 23, 2021 /PRNewswire/ -- The Data on Kubernetes (DoK) community today announced the first Data on Kubernetes Community Day, to be held at this year's KubeCon + CloudNativeCon Europe 2021. The DoK community was founded in June of 2020 to bring practitioners together to share their experiences in running Data on Kubernetes. Since then, the DoK has grown extremely quickly with more than 60 scheduled meet-ups in three languages and 550 registered members. The Data on Kubernetes Community Day will be held on May 3rd as a free co-located event at KubeCon. Companies such as DataStax, Percona, MayaData / OpenEBS and Kubesphere will discuss the technical challenges around running databases and data management on Kubernetes, while end users like Digital Ocean, Flipkart and Yelp will be sharing their knowledge and experience around solving these problems in real-world environments. The event will start at 10am CEST and will be co-chaired by the DoK Community's Visual Learning Coordinator Nellie Tobey and the community leader and CNCF Ambassador Bart Farrell. "The response to the community has been absolutely phenomenal. We're contagiously enthused by our growth, the quality of our speakers, our entry into the CNCF, and celebrating our first annual event," Farrell said. Thefull schedule is available hereand those interested in participating can register on the main KubeCon registration site here. The community was started in July 2020 with the inaugural talkgiven by Patrick McFadin, Vice President of Developer Relations at DataStax, and has now hosted over 50 meetups in English, Spanish, and Portuguese. Patrick will kick off this year's co-located event with a quick talk tracing the technical journey involved in going from a traditional Database Administrator (DBA) role to becoming a Site Reliability Engineer (SRE). DataStax is currently working with the CNCF, DoK and DoK founding sponsor MayaData to create learning resources that can make this journey simpler so more people can become SREs and fill skills gaps in their organisations. There will be more than ten talks at the event, touching on the following: Observability - Feynman Zhou, Kubesphere Databases and Kubernetes operators Sergey Pronin, Percona Running Kubernetes and Cassandra together with K8ssandra - Christopher Bradford, DataStax Container attached storage - Eric Zietlow, MayaData Running data on Kubernetes at scale - Neeraj Bisht and Praveen Kumar GT, Flipkart End user presentations from Digital Ocean, Yelp and others. In the spirit of paying it forward, The Last Mile, an NGO that helps incarcerated and formerly incarcerated individuals learn programming, will also be featured in the event. You can win an all-exclusive pass to KubeCon & attend the DoK Community Day as well by answering a few simple questions at https://go.mayadata.io/dokc. About DoK.community DoK.community is an openly governed and self-organizing group of curious and experienced operators and engineers concerned with running data-intensive workloads on Kubernetes. DoKC takes inspiration from the CNCF and Apache foundations and aims to be open, vendor-neutral, and extremely inclusive. Registration- https://events.linuxfoundation.org/kubecon-cloudnativecon-europe/program/colocated-events/#data-on-kubernetes-day DoKC Homepage- http://dok.community Schedule- https://dok.community/dokc-day-schedule/ Linkedin- https://www.linkedin.com/company/data-on-kubernetes-community Twitter- https://twitter.com/DoKcommunity Youtube- https://www.youtube.com/channel/UCUnXJbHQ89R2uSfKsqQwGvQ/feature Media and Analyst Contacts:Data on Kubernetes Community (DoKc)Bart Farrell [emailprotected] DataStaxValerie Beaudett[emailprotected]MayaData Nisanta Sahoo[emailprotected] SOURCE Data on Kubernetes community Answer:
Data on Kubernetes Day to launch at KubeCon Europe 2021 - Community event with over 1300 registered to discuss how "Going stateful on Kubernetes is fact, not fantasy"
BILBAO, Spain, April 23, 2021 /PRNewswire/ -- The Data on Kubernetes (DoK) community today announced the first Data on Kubernetes Community Day, to be held at this year's KubeCon + CloudNativeCon Europe 2021. The DoK community was founded in June of 2020 to bring practitioners together to share their experiences in running Data on Kubernetes. Since then, the DoK has grown extremely quickly with more than 60 scheduled meet-ups in three languages and 550 registered members. The Data on Kubernetes Community Day will be held on May 3rd as a free co-located event at KubeCon. Companies such as DataStax, Percona, MayaData / OpenEBS and Kubesphere will discuss the technical challenges around running databases and data management on Kubernetes, while end users like Digital Ocean, Flipkart and Yelp will be sharing their knowledge and experience around solving these problems in real-world environments. The event will start at 10am CEST and will be co-chaired by the DoK Community's Visual Learning Coordinator Nellie Tobey and the community leader and CNCF Ambassador Bart Farrell. "The response to the community has been absolutely phenomenal. We're contagiously enthused by our growth, the quality of our speakers, our entry into the CNCF, and celebrating our first annual event," Farrell said. Thefull schedule is available hereand those interested in participating can register on the main KubeCon registration site here. The community was started in July 2020 with the inaugural talkgiven by Patrick McFadin, Vice President of Developer Relations at DataStax, and has now hosted over 50 meetups in English, Spanish, and Portuguese. Patrick will kick off this year's co-located event with a quick talk tracing the technical journey involved in going from a traditional Database Administrator (DBA) role to becoming a Site Reliability Engineer (SRE). DataStax is currently working with the CNCF, DoK and DoK founding sponsor MayaData to create learning resources that can make this journey simpler so more people can become SREs and fill skills gaps in their organisations. There will be more than ten talks at the event, touching on the following: Observability - Feynman Zhou, Kubesphere Databases and Kubernetes operators Sergey Pronin, Percona Running Kubernetes and Cassandra together with K8ssandra - Christopher Bradford, DataStax Container attached storage - Eric Zietlow, MayaData Running data on Kubernetes at scale - Neeraj Bisht and Praveen Kumar GT, Flipkart End user presentations from Digital Ocean, Yelp and others. In the spirit of paying it forward, The Last Mile, an NGO that helps incarcerated and formerly incarcerated individuals learn programming, will also be featured in the event. You can win an all-exclusive pass to KubeCon & attend the DoK Community Day as well by answering a few simple questions at https://go.mayadata.io/dokc. About DoK.community DoK.community is an openly governed and self-organizing group of curious and experienced operators and engineers concerned with running data-intensive workloads on Kubernetes. DoKC takes inspiration from the CNCF and Apache foundations and aims to be open, vendor-neutral, and extremely inclusive. Registration- https://events.linuxfoundation.org/kubecon-cloudnativecon-europe/program/colocated-events/#data-on-kubernetes-day DoKC Homepage- http://dok.community Schedule- https://dok.community/dokc-day-schedule/ Linkedin- https://www.linkedin.com/company/data-on-kubernetes-community Twitter- https://twitter.com/DoKcommunity Youtube- https://www.youtube.com/channel/UCUnXJbHQ89R2uSfKsqQwGvQ/feature Media and Analyst Contacts:Data on Kubernetes Community (DoKc)Bart Farrell [emailprotected] DataStaxValerie Beaudett[emailprotected]MayaData Nisanta Sahoo[emailprotected] SOURCE Data on Kubernetes community
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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: GREEN BAY, Wisconsin--(BUSINESS WIRE)--Schneider (NYSE: SNDR), a premier provider of trucking, intermodal and logistics services, announced the creation of its new remote truck driver orientation program ensuring new drivers continue to receive high-quality onboarding while social distancing in a safe and secure environment. This is just the latest measure Schneider has implemented to protect drivers during the COVID-19 pandemic. When the pandemic began earlier this year, Schneider responded swiftly with new methods for enhancing the safety of its drivers. The initial measures included: The remote orientation experience ensures that all drivers remain socially distanced while receiving the same standard curriculum. The company currently offers remote orientation programs at eight total sites. One site in Charlotte, NC, is dedicated for owner-operators who lease their business with Schneider, while the remaining seven sites are for newly hired company drivers of all experience levels. These locations include: COVID-19 may have changed many things about how we live and operate, but it hasnt changed Schneiders commitment to our core value of safety first and always, said Tom DiSalvi, vice president of safety, driver training and compliance at Schneider. The remote orientation program allows new drivers to experience the same high-quality onboarding program that we have been delivering for decades just in a socially distant setting. Drivers who complete orientation remotely do so from a large conference room at a hotel near one of the participating Schneider training facilities. Remote participants are given Chromebooks so they can follow along with the same course and instruction that is being presented in person by an instructor at the Schneider Training Academy. Additionally, Schneider designates driver training associates to remain on-site at the hotel for help if needed. Another benefit of Schneiders remote onboarding is that it allows drivers to meet and build relationships with other drivers in a safe environment. For more information about driving opportunities at Schneider, visit SchneiderJobs.com. About Schneider Schneider is a premier provider of transportation and logistics services. Offering one of the broadest portfolios in the industry, Schneiders solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management and Port Logistics. With nearly $5 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 80 years. The companys digital marketplace, Schneider FreightPower, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight Always Delivering, Always Ahead. For more information about Schneider, visit Schneider.com or follow the company socially on LinkedIn and Twitter: @WeAreSchneider. Answer:
Schneider Implements New Remote Truck Driver Orientation Program Program is companys latest measure to protect drivers from COVID-19
GREEN BAY, Wisconsin--(BUSINESS WIRE)--Schneider (NYSE: SNDR), a premier provider of trucking, intermodal and logistics services, announced the creation of its new remote truck driver orientation program ensuring new drivers continue to receive high-quality onboarding while social distancing in a safe and secure environment. This is just the latest measure Schneider has implemented to protect drivers during the COVID-19 pandemic. When the pandemic began earlier this year, Schneider responded swiftly with new methods for enhancing the safety of its drivers. The initial measures included: The remote orientation experience ensures that all drivers remain socially distanced while receiving the same standard curriculum. The company currently offers remote orientation programs at eight total sites. One site in Charlotte, NC, is dedicated for owner-operators who lease their business with Schneider, while the remaining seven sites are for newly hired company drivers of all experience levels. These locations include: COVID-19 may have changed many things about how we live and operate, but it hasnt changed Schneiders commitment to our core value of safety first and always, said Tom DiSalvi, vice president of safety, driver training and compliance at Schneider. The remote orientation program allows new drivers to experience the same high-quality onboarding program that we have been delivering for decades just in a socially distant setting. Drivers who complete orientation remotely do so from a large conference room at a hotel near one of the participating Schneider training facilities. Remote participants are given Chromebooks so they can follow along with the same course and instruction that is being presented in person by an instructor at the Schneider Training Academy. Additionally, Schneider designates driver training associates to remain on-site at the hotel for help if needed. Another benefit of Schneiders remote onboarding is that it allows drivers to meet and build relationships with other drivers in a safe environment. For more information about driving opportunities at Schneider, visit SchneiderJobs.com. About Schneider Schneider is a premier provider of transportation and logistics services. Offering one of the broadest portfolios in the industry, Schneiders solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management and Port Logistics. With nearly $5 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 80 years. The companys digital marketplace, Schneider FreightPower, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight Always Delivering, Always Ahead. For more information about Schneider, visit Schneider.com or follow the company socially on LinkedIn and Twitter: @WeAreSchneider.
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: BOSTON--(BUSINESS WIRE)--Early Black Friday Fitbit watch and tracker deals have arrived. Review the latest discounts on Fitbit Versa 3, Charge 4, Ionic 3 & Sense. Explore the best deals listed below. Best Fitbit Deals: Searching for more deals? Click here to check out the entire selection of live deals at Walmarts Black Friday sale and click here to see Amazons current holiday season deals. Retail Fuse earns commissions from purchases made using the links provided. Tracking workouts is made easier with a Fitbit. The Fitbit Versa 3 comes with features for recognizing and recording activities making it the smartest Fitbit out there. Fitbit Charge 4 has enough functions to meet varying preferences. The Fitbit Flex 2 has similar functions to the Charge 4 but is swim-proof up to 100 meters. The Fitbit Ace 2 is the top option for kids as it comes with parental controls and the Fitbit Alta HR suits the ladies with its slim design. About Retail Fuse: Retail Fuse reports the latest retail news. As an Amazon Associate and affiliate Retail Fuse earns from qualifying purchases. Answer:
Early Black Friday Fitbit Deals (2020): Top Fitbit Charge (4, 3 & 2), Versa, Versa Lite, Alta & More Deals Highlighted by Retail Fuse Save on a selection of Fitbit wearable deals at the early Black Friday sale, together with the latest Fitbit Ionic, Sense & Inspire sales
BOSTON--(BUSINESS WIRE)--Early Black Friday Fitbit watch and tracker deals have arrived. Review the latest discounts on Fitbit Versa 3, Charge 4, Ionic 3 & Sense. Explore the best deals listed below. Best Fitbit Deals: Searching for more deals? Click here to check out the entire selection of live deals at Walmarts Black Friday sale and click here to see Amazons current holiday season deals. Retail Fuse earns commissions from purchases made using the links provided. Tracking workouts is made easier with a Fitbit. The Fitbit Versa 3 comes with features for recognizing and recording activities making it the smartest Fitbit out there. Fitbit Charge 4 has enough functions to meet varying preferences. The Fitbit Flex 2 has similar functions to the Charge 4 but is swim-proof up to 100 meters. The Fitbit Ace 2 is the top option for kids as it comes with parental controls and the Fitbit Alta HR suits the ladies with its slim design. About Retail Fuse: Retail Fuse reports the latest retail news. As an Amazon Associate and affiliate Retail Fuse earns from qualifying purchases.
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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: HARTFORD, Conn., Nov. 4, 2020 /PRNewswire/ --Virtus Global Multi-Sector Income Fund(NYSE: VGI) previouslyannounced the following monthly distribution on August 28, 2020: Amount of Distribution Ex-Date Record Date Payable Date $0.10 November 10, 2020 November 12, 2020 November 19, 2020 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund's aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund's assets and will constitute a return of the shareholder's capital. 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 Plan. 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 Fund provided this estimate of the sources of the distributions: Distribution Estimates October 2020 (MTD) Fiscal Year-to-Date (YTD)(1) (Sources) Per ShareAmount Percentage of Current Distribution Per Share Amount Percentageof Current Distribution Net Investment Income $ 0.046 46.1% $ 0.508 40.4% Net Realized Short-Term Capital Gains - 0.0% - 0.0% Net Realized Long-Term Capital Gains - 0.0% - 0.0% Return of Capital (or other Capital Source) 0.054 53.9% 0.748 59.6% Total Distribution $ 0.100 100.0% $ 1.256 100.0% (1) Fiscal year started December 1, 2019. Information regarding the Fund's performance and distribution rates is set forth below. Please note that all performance figures are based on the Fund's NAV and not the market price of the Fund's shares. Performance figures are not meant to represent individual shareholder performance. October 30, 2020 Average Annual Total Return on NAV for the 5-year period(2) 5.43% Current Fiscal YTD Annualized Distribution Rate(3) 9.89% Fiscal YTD Cumulative Total Return on NAV (4) 3.19% Fiscal YTD Cumulative Distribution Rate (5) 10.35% (2) Average Annual Total Return on NAV is the annual compound return for the five-year period. It reflects the change in the Fund's NAV And reinvestment of all distributions. (3) Current Fiscal YTD Annualized Distribution Rate is the current distribution rate annualized as a percentage of the Fund's NAV at month end. (4) Fiscal YTD Cumulative Total Return on NAV is the percentage change in the Fund's NAV from the first day of the fiscal year to this month end, including distributions paid and assuming reinvestment of those distributions. (5) Fiscal YTD Cumulative Distribution Rate is the dollar value of distributions from the first day of the fiscal year to this month end as a percentage of the Fund's NAV at month end. The amounts and sources of distributions reported in this notice are estimates only and are not being provided for tax reporting purposes. The actual amounts and sources of the distributions for tax purposes will depend on the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes. Aboutthe FundVirtus Global Multi-Sector Income Fundis a diversified closed-end fund that seeks to maximize current income while preserving capital by investing in broadly diversified holdings across the major domestic and international fixed-income sectors.Virtus Investment Advisers, Inc. is the investment adviser to the Fund and Newfleet Asset Management, LLC is its subadviser. For more information on the Fund, contact shareholder services at (866) 270-7788, by email at [emailprotected], or through the Closed-End Funds section of www.virtus.com. Fund RisksAn investment in a fund is subject to risk, including the risk of possible loss of principal. A fund's shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a premium or discount to their net asset value. For more information about each Fund's investment objective and risks, please see the Fund's annual report. A copy of the Fund's most recent annual report may be obtained free of charge by contacting "Shareholder Services" as set forth at the end of this press release. AboutNewfleetAssetManagementNewfleet Asset Management, an affiliated manager of Virtus Investment Partners, provides comprehensive fixed income portfolio management in multiple strategies. The Newfleet Multi-Sector Strategies team that manages the Virtus Global Multi-Sector Income Fund leverages the knowledge and skill of investment professionals with expertise in every sector of the bond market, including evolving, specialized, and out-of-favor sectors. The team employs active sector rotation and disciplined risk management to portfolio construction, avoiding interest rate bets and remaining duration neutral to each strategy's stated benchmark. For more information, visit www.newfleet.com. About Virtus Investment PartnersVirtusInvestmentPartners(NASDAQ:VRTS)isadistinctivepartnershipofboutiqueinvestmentmanagerssingularlycommittedtothelong-termsuccessofindividualandinstitutionalinvestors.The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process, and individual brand. For moreinformation,visitwww.virtus.com. SOURCE Virtus Global Multi-Sector Income Fund Answer:
Virtus Global Multi-Sector Income Fund Discloses Sources of Distribution - Section 19(a) Notice
HARTFORD, Conn., Nov. 4, 2020 /PRNewswire/ --Virtus Global Multi-Sector Income Fund(NYSE: VGI) previouslyannounced the following monthly distribution on August 28, 2020: Amount of Distribution Ex-Date Record Date Payable Date $0.10 November 10, 2020 November 12, 2020 November 19, 2020 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund's aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund's assets and will constitute a return of the shareholder's capital. 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 Plan. 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 Fund provided this estimate of the sources of the distributions: Distribution Estimates October 2020 (MTD) Fiscal Year-to-Date (YTD)(1) (Sources) Per ShareAmount Percentage of Current Distribution Per Share Amount Percentageof Current Distribution Net Investment Income $ 0.046 46.1% $ 0.508 40.4% Net Realized Short-Term Capital Gains - 0.0% - 0.0% Net Realized Long-Term Capital Gains - 0.0% - 0.0% Return of Capital (or other Capital Source) 0.054 53.9% 0.748 59.6% Total Distribution $ 0.100 100.0% $ 1.256 100.0% (1) Fiscal year started December 1, 2019. Information regarding the Fund's performance and distribution rates is set forth below. Please note that all performance figures are based on the Fund's NAV and not the market price of the Fund's shares. Performance figures are not meant to represent individual shareholder performance. October 30, 2020 Average Annual Total Return on NAV for the 5-year period(2) 5.43% Current Fiscal YTD Annualized Distribution Rate(3) 9.89% Fiscal YTD Cumulative Total Return on NAV (4) 3.19% Fiscal YTD Cumulative Distribution Rate (5) 10.35% (2) Average Annual Total Return on NAV is the annual compound return for the five-year period. It reflects the change in the Fund's NAV And reinvestment of all distributions. (3) Current Fiscal YTD Annualized Distribution Rate is the current distribution rate annualized as a percentage of the Fund's NAV at month end. (4) Fiscal YTD Cumulative Total Return on NAV is the percentage change in the Fund's NAV from the first day of the fiscal year to this month end, including distributions paid and assuming reinvestment of those distributions. (5) Fiscal YTD Cumulative Distribution Rate is the dollar value of distributions from the first day of the fiscal year to this month end as a percentage of the Fund's NAV at month end. The amounts and sources of distributions reported in this notice are estimates only and are not being provided for tax reporting purposes. The actual amounts and sources of the distributions for tax purposes will depend on the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes. Aboutthe FundVirtus Global Multi-Sector Income Fundis a diversified closed-end fund that seeks to maximize current income while preserving capital by investing in broadly diversified holdings across the major domestic and international fixed-income sectors.Virtus Investment Advisers, Inc. is the investment adviser to the Fund and Newfleet Asset Management, LLC is its subadviser. For more information on the Fund, contact shareholder services at (866) 270-7788, by email at [emailprotected], or through the Closed-End Funds section of www.virtus.com. Fund RisksAn investment in a fund is subject to risk, including the risk of possible loss of principal. A fund's shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a premium or discount to their net asset value. For more information about each Fund's investment objective and risks, please see the Fund's annual report. A copy of the Fund's most recent annual report may be obtained free of charge by contacting "Shareholder Services" as set forth at the end of this press release. AboutNewfleetAssetManagementNewfleet Asset Management, an affiliated manager of Virtus Investment Partners, provides comprehensive fixed income portfolio management in multiple strategies. The Newfleet Multi-Sector Strategies team that manages the Virtus Global Multi-Sector Income Fund leverages the knowledge and skill of investment professionals with expertise in every sector of the bond market, including evolving, specialized, and out-of-favor sectors. The team employs active sector rotation and disciplined risk management to portfolio construction, avoiding interest rate bets and remaining duration neutral to each strategy's stated benchmark. For more information, visit www.newfleet.com. About Virtus Investment PartnersVirtusInvestmentPartners(NASDAQ:VRTS)isadistinctivepartnershipofboutiqueinvestmentmanagerssingularlycommittedtothelong-termsuccessofindividualandinstitutionalinvestors.The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process, and individual brand. For moreinformation,visitwww.virtus.com. SOURCE Virtus Global Multi-Sector Income Fund
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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, Nov. 11, 2020 /PRNewswire/ -- The "Medical Image Management Market by Product {PACS [Departmental (Radiology, Mammography, Cardiology), Enterprise], VNA [(On-premise, Hybrid), [Vendor (PACS, Independent Software, Infrastructure)], AICA, Universal Viewer} and End User - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. The medical image management market is expected to grow at a CAGR of 7.2% from 2020 to 2027 to reach $5.76 billion by 2027The medical image management market study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027- by product, end user, and geography. The study also evaluates industry competitors and analyzes the market at a regional and country level.The factors such as growing investments in the medical imaging market, technological advancements in diagnostic imaging modalities, rising geriatric imaging volumes, growing demand for advanced imaging equipment, rapidly growing big data in healthcare, and growing healthcare IT and EHR adoption are majorly driving the growth of the overall medical image management market.Also, integration of PACS/VNA with EMR, untapped emerging markets, penetration of artificial intelligence in medical imaging, rapidly growing field of telehealth, and hybrid-cloud-based solutions represent high-growth opportunities for the players operating in this market. However, the factors such as longer product lifecycle of VNAs and budgetary constraints restrict the growth of this market.Based on product type, Picture Archive Communication System (PACS) is estimated to command the largest share of the overall medical image management market in 2020. However, the vendor neutral archive segment is expected to grow at the highest CAGR during the forecast period, owing to its greater security, control over images, and lower latency than cloud storage.Based on end user, the hospitals segment is estimated to account for the largest share of the overall medical image management market in 2020, due to the factors such as increasing hospital expenditures for advanced management products, rising number of emergency admissions, and growing need to improve overall value-based care.An in-depth analysis of the geographic scenario of the medical image management market provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. North America is estimated to command the largest share of the global medical image management market in 2020, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. However, Asia Pacific region is expected to grow at the fastest CAGR during the forecast period. The factors driving the growth of the Asia Pacific medical image management market are rising investment in the healthcare sector, improving healthcare infrastructure, increased adoption of medical imaging devices, adoption of new technology into the healthcare industry, and developments made for adoption of AI and telehealth services.Key Topics Covered: 1.Introduction2. Research Methodology3. Executive Summary4. Market Insights4.1. Introduction4.2. Drivers4.2.1. Growing Investments in the Medical Imaging Market4.2.2. Technological Advancements in Diagnostic Imaging Modalities4.2.3. Rising Geriatric Population4.2.4. Growing Demand for Imaging Equipment4.2.5. Rapidly Growing Big Data in Healthcare4.2.6. Growing Healthcare IT and EHR Adoption4.3. Restraints4.3.1. Longer Product Lifecycle of VNAs4.3.2. Budgetary Constraints4.4. Opportunities4.4.1. Integration of PACS/VNA with EMR4.4.2. Untapped Emerging Markets4.4.3. Penetration of AI in Medical Imaging4.4.4. Adoption of Hybrid & Cloud-Based Solutions4.4.5. Rapidly Growing Telehealth Market4.5. Challenges4.5.1. Data Migration4.5.2. Lack of Interoperability4.6. Impact Assessment of Covid-195. Medical Image Management Market, by Product5.1. Introduction5.2. Picture Archive Communication System (PACS)5.2.1. PACS Market, by Type5.2.1.1. Departmental PACS5.2.1.1.1. Radiology PACS5.2.1.1.1.1. Traditional Mammography PACS5.2.1.1.1.2. Vendor Neutral Mammography PACS5.2.1.1.1.3. Other Radiology PACS5.2.1.1.2. Cardiology PACS5.2.1.1.3. Other Departmental PACS5.2.1.2. Enterprise PACS5.2.2. PACS Market, by Delivery Model5.2.2.1. On-Premise PACS5.2.2.2. Web/Cloud Based PACS5.3. Vendor Neutral Archive (VNA)5.3.1. VNA Market, by Delivery Model5.3.1.1. On-Premise VNA5.3.1.2. Hybrid VNA5.3.1.3. Web/Cloud-Based VNA5.3.2. VNA Market, by Procurement Model5.3.2.1. Enterprise VNA5.3.2.1.1. Multi-Departmental VNA5.3.2.1.2. Multi-Site VNA5.3.2.2. Departmental VNA5.3.3. VNA Market, by Vendor Type5.3.3.1. Independent Software Vendors5.3.3.2. PACS Vendors5.3.3.3. Infrastructure Vendors5.4. Application-Independent Clinical Archives (AICA)5.4.1. AICA Market, by Vendor Type5.4.1.1. VNA Vendors5.4.1.2. Native AICA Vendors5.5. Enterprise Viewer/Universal Viewer6. Medical Management Market, by End User6.1. Introduction6.2. Hospitals6.3. Diagnostic Imaging Centers6.4. Other End Users7. Medical Image Management Market, by Geography8. Competitive Landscape8.1. Introduction8.2. Key Growth Strategies8.3. Competitive Benchmarking8.3.1. Competitive Benchmarking, by Product8.4. Market Share Analysis (2019)8.4.1. Market Share Analysis: Picture Archiving Communication Systems (PACS) Industry8.4.1.1. GE Company8.4.1.2. Koninklijke Philips N.V.8.4.1.3. Fujifilm Holdings Corporation8.4.2. Market Share Analysis: Vendor Neutral Archive Industry8.4.2.1. IBM Corporation8.4.2.2. GE Company8.4.2.3. Fujifilm Holdings Corporation9. Company Profiles (Business Overview, Product Portfolio, Financial Overview, Strategic Developments)9.1. Novarad Corporation9.2. Koninklijke Philips N.V.9.3. INFINITT Healthcare Co., Ltd.9.4. Siemens Healthineers AG9.5. Hyland Software, Inc.9.6. Agfa-Gevaert Group9.7. General Electric Company9.8. Mach7 Technologies9.9. BridgeHead Software, Ltd.9.10. Fujifilm Holdings Corporation9.11. IBM Corporation9.12. Sectra AB9.13. Change Healthcare, Inc. For more information about this report visit https://www.researchandmarkets.com/r/e0st56 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com Answer:
Global Medical Image Management Market Report 2020-2027: Integration of PACS/VNA with EMR / Penetration of AI / Adoption of Hybrid & Cloud-Based Solutions
DUBLIN, Nov. 11, 2020 /PRNewswire/ -- The "Medical Image Management Market by Product {PACS [Departmental (Radiology, Mammography, Cardiology), Enterprise], VNA [(On-premise, Hybrid), [Vendor (PACS, Independent Software, Infrastructure)], AICA, Universal Viewer} and End User - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. The medical image management market is expected to grow at a CAGR of 7.2% from 2020 to 2027 to reach $5.76 billion by 2027The medical image management market study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027- by product, end user, and geography. The study also evaluates industry competitors and analyzes the market at a regional and country level.The factors such as growing investments in the medical imaging market, technological advancements in diagnostic imaging modalities, rising geriatric imaging volumes, growing demand for advanced imaging equipment, rapidly growing big data in healthcare, and growing healthcare IT and EHR adoption are majorly driving the growth of the overall medical image management market.Also, integration of PACS/VNA with EMR, untapped emerging markets, penetration of artificial intelligence in medical imaging, rapidly growing field of telehealth, and hybrid-cloud-based solutions represent high-growth opportunities for the players operating in this market. However, the factors such as longer product lifecycle of VNAs and budgetary constraints restrict the growth of this market.Based on product type, Picture Archive Communication System (PACS) is estimated to command the largest share of the overall medical image management market in 2020. However, the vendor neutral archive segment is expected to grow at the highest CAGR during the forecast period, owing to its greater security, control over images, and lower latency than cloud storage.Based on end user, the hospitals segment is estimated to account for the largest share of the overall medical image management market in 2020, due to the factors such as increasing hospital expenditures for advanced management products, rising number of emergency admissions, and growing need to improve overall value-based care.An in-depth analysis of the geographic scenario of the medical image management market provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. North America is estimated to command the largest share of the global medical image management market in 2020, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. However, Asia Pacific region is expected to grow at the fastest CAGR during the forecast period. The factors driving the growth of the Asia Pacific medical image management market are rising investment in the healthcare sector, improving healthcare infrastructure, increased adoption of medical imaging devices, adoption of new technology into the healthcare industry, and developments made for adoption of AI and telehealth services.Key Topics Covered: 1.Introduction2. Research Methodology3. Executive Summary4. Market Insights4.1. Introduction4.2. Drivers4.2.1. Growing Investments in the Medical Imaging Market4.2.2. Technological Advancements in Diagnostic Imaging Modalities4.2.3. Rising Geriatric Population4.2.4. Growing Demand for Imaging Equipment4.2.5. Rapidly Growing Big Data in Healthcare4.2.6. Growing Healthcare IT and EHR Adoption4.3. Restraints4.3.1. Longer Product Lifecycle of VNAs4.3.2. Budgetary Constraints4.4. Opportunities4.4.1. Integration of PACS/VNA with EMR4.4.2. Untapped Emerging Markets4.4.3. Penetration of AI in Medical Imaging4.4.4. Adoption of Hybrid & Cloud-Based Solutions4.4.5. Rapidly Growing Telehealth Market4.5. Challenges4.5.1. Data Migration4.5.2. Lack of Interoperability4.6. Impact Assessment of Covid-195. Medical Image Management Market, by Product5.1. Introduction5.2. Picture Archive Communication System (PACS)5.2.1. PACS Market, by Type5.2.1.1. Departmental PACS5.2.1.1.1. Radiology PACS5.2.1.1.1.1. Traditional Mammography PACS5.2.1.1.1.2. Vendor Neutral Mammography PACS5.2.1.1.1.3. Other Radiology PACS5.2.1.1.2. Cardiology PACS5.2.1.1.3. Other Departmental PACS5.2.1.2. Enterprise PACS5.2.2. PACS Market, by Delivery Model5.2.2.1. On-Premise PACS5.2.2.2. Web/Cloud Based PACS5.3. Vendor Neutral Archive (VNA)5.3.1. VNA Market, by Delivery Model5.3.1.1. On-Premise VNA5.3.1.2. Hybrid VNA5.3.1.3. Web/Cloud-Based VNA5.3.2. VNA Market, by Procurement Model5.3.2.1. Enterprise VNA5.3.2.1.1. Multi-Departmental VNA5.3.2.1.2. Multi-Site VNA5.3.2.2. Departmental VNA5.3.3. VNA Market, by Vendor Type5.3.3.1. Independent Software Vendors5.3.3.2. PACS Vendors5.3.3.3. Infrastructure Vendors5.4. Application-Independent Clinical Archives (AICA)5.4.1. AICA Market, by Vendor Type5.4.1.1. VNA Vendors5.4.1.2. Native AICA Vendors5.5. Enterprise Viewer/Universal Viewer6. Medical Management Market, by End User6.1. Introduction6.2. Hospitals6.3. Diagnostic Imaging Centers6.4. Other End Users7. Medical Image Management Market, by Geography8. Competitive Landscape8.1. Introduction8.2. Key Growth Strategies8.3. Competitive Benchmarking8.3.1. Competitive Benchmarking, by Product8.4. Market Share Analysis (2019)8.4.1. Market Share Analysis: Picture Archiving Communication Systems (PACS) Industry8.4.1.1. GE Company8.4.1.2. Koninklijke Philips N.V.8.4.1.3. Fujifilm Holdings Corporation8.4.2. Market Share Analysis: Vendor Neutral Archive Industry8.4.2.1. IBM Corporation8.4.2.2. GE Company8.4.2.3. Fujifilm Holdings Corporation9. Company Profiles (Business Overview, Product Portfolio, Financial Overview, Strategic Developments)9.1. Novarad Corporation9.2. Koninklijke Philips N.V.9.3. INFINITT Healthcare Co., Ltd.9.4. Siemens Healthineers AG9.5. Hyland Software, Inc.9.6. Agfa-Gevaert Group9.7. General Electric Company9.8. Mach7 Technologies9.9. BridgeHead Software, Ltd.9.10. Fujifilm Holdings Corporation9.11. IBM Corporation9.12. Sectra AB9.13. Change Healthcare, Inc. For more information about this report visit https://www.researchandmarkets.com/r/e0st56 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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. 9, 2020 /PRNewswire/ -- Canada General Surgery Market Outlook to 2025 - Access Instruments, Aesthetic Devices, Aesthetic Lasers and Energy Devices and Others Read the full report: https://www.reportlinker.com/p05982808/?utm_source=PRN Summary "Canada General Surgery Market Outlook to 2025" is a comprehensive databook report, covering key market data on the Canada General Surgery market. The databook report provides value (USD), volume (units) and average prices (USD) within market segments - Access Instruments, Aesthetic Devices, Aesthetic Lasers and Energy Devices, Bariatric Surgery Devices, Biopsy Devices, Bronchoscopes, Chest Drainage Catheters and Units, Colonoscopes, Cystoscopes, Duodenoscopes, Embolization Particles, Endoscopy Fluid Management Systems, Endoscopy Visualization Systems and Components, Esophagoscopes & Gastroscopes, Gynecological Devices, Hernia Repair Devices, Hysteroscopes, Laparoscopes, Laryngoscope Blades & Handles, Laryngoscopes, Non-Vascular Stents, Resectoscopes, Robotic Surgery, Sigmoidoscopes, Sterilization Equipment, Surgical Energy Devices, Surgical Stapling Devices and Ureteroscopes. The Canada General Surgery Market report provides key information and data on - - Annualized market revenues (USD), volume (units) and average prices (USD) data for each of the market segments. Data is provided from 2015 to 2025. - 2019 company share and distribution share data for General Surgery Market. - Global corporate-level profiles of key companies operating within the Canada General Surgery Market. Based on the availability of data for the particular category and country, information related to pipeline products, news and deals is also available in the report. Scope Canada General Surgery is segmented as follows - - Access Instruments - Aesthetic Devices - Aesthetic Lasers and Energy Devices - Bariatric Surgery Devices - Biopsy Devices - Bronchoscopes - Chest Drainage Catheters and Units - Colonoscopes - Cystoscopes - Duodenoscopes - Embolization Particles - Endoscopy Fluid Management Systems - Endoscopy Visualization Systems and Components - Esophagoscopes & Gastroscopes - Gynecological Devices - Hernia Repair Devices - Hysteroscopes - Laparoscopes - Laryngoscope Blades & Handles - Laryngoscopes - Non-Vascular Stents - Resectoscopes - Robotic Surgery - Sigmoidoscopes - Sterilization Equipment - Surgical Energy Devices - Surgical Stapling Devices - Ureteroscopes Reasons to Buy The Canada General Surgery Market report helps you to develop - - Business strategies by identifying the key market segments poised for strong growth in the future. - Market-entry and market expansion strategies. - Design competition strategies by identifying who-stands-where in the market. - Develop investment strategies by identifying the key market segments expected to register strong growth in the near future. - Understand the key distribution channels and what's the most preferred mode of product distribution - Identify, understand and capitalize.Read the full report: https://www.reportlinker.com/p05982808/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [emailprotected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker Related Links www.reportlinker.com Answer:
Canada General Surgery Market Outlook to 2025 - Access Instruments, Aesthetic Devices, Aesthetic Lasers and Energy Devices and Others
NEW YORK, Nov. 9, 2020 /PRNewswire/ -- Canada General Surgery Market Outlook to 2025 - Access Instruments, Aesthetic Devices, Aesthetic Lasers and Energy Devices and Others Read the full report: https://www.reportlinker.com/p05982808/?utm_source=PRN Summary "Canada General Surgery Market Outlook to 2025" is a comprehensive databook report, covering key market data on the Canada General Surgery market. The databook report provides value (USD), volume (units) and average prices (USD) within market segments - Access Instruments, Aesthetic Devices, Aesthetic Lasers and Energy Devices, Bariatric Surgery Devices, Biopsy Devices, Bronchoscopes, Chest Drainage Catheters and Units, Colonoscopes, Cystoscopes, Duodenoscopes, Embolization Particles, Endoscopy Fluid Management Systems, Endoscopy Visualization Systems and Components, Esophagoscopes & Gastroscopes, Gynecological Devices, Hernia Repair Devices, Hysteroscopes, Laparoscopes, Laryngoscope Blades & Handles, Laryngoscopes, Non-Vascular Stents, Resectoscopes, Robotic Surgery, Sigmoidoscopes, Sterilization Equipment, Surgical Energy Devices, Surgical Stapling Devices and Ureteroscopes. The Canada General Surgery Market report provides key information and data on - - Annualized market revenues (USD), volume (units) and average prices (USD) data for each of the market segments. Data is provided from 2015 to 2025. - 2019 company share and distribution share data for General Surgery Market. - Global corporate-level profiles of key companies operating within the Canada General Surgery Market. Based on the availability of data for the particular category and country, information related to pipeline products, news and deals is also available in the report. Scope Canada General Surgery is segmented as follows - - Access Instruments - Aesthetic Devices - Aesthetic Lasers and Energy Devices - Bariatric Surgery Devices - Biopsy Devices - Bronchoscopes - Chest Drainage Catheters and Units - Colonoscopes - Cystoscopes - Duodenoscopes - Embolization Particles - Endoscopy Fluid Management Systems - Endoscopy Visualization Systems and Components - Esophagoscopes & Gastroscopes - Gynecological Devices - Hernia Repair Devices - Hysteroscopes - Laparoscopes - Laryngoscope Blades & Handles - Laryngoscopes - Non-Vascular Stents - Resectoscopes - Robotic Surgery - Sigmoidoscopes - Sterilization Equipment - Surgical Energy Devices - Surgical Stapling Devices - Ureteroscopes Reasons to Buy The Canada General Surgery Market report helps you to develop - - Business strategies by identifying the key market segments poised for strong growth in the future. - Market-entry and market expansion strategies. - Design competition strategies by identifying who-stands-where in the market. - Develop investment strategies by identifying the key market segments expected to register strong growth in the near future. - Understand the key distribution channels and what's the most preferred mode of product distribution - Identify, understand and capitalize.Read the full report: https://www.reportlinker.com/p05982808/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [emailprotected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker Related Links www.reportlinker.com
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: NEW ORLEANS, April 18, 2021 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until April 19, 2021 to file lead plaintiff applications in securities class action lawsuits against fuboTV Inc. (NYSE: FUBO), if they purchased the Company's shares between March 23, 2020 and January 4, 2021, inclusive (the "Class Period"). These actions are pending in the United States District Court for the Southern District of New York. What You May Do If you purchased shares of fuboTV and would like to discuss your legal rights and how these cases might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([emailprotected]), or visit https://www.ksfcounsel.com/cases/nyse-fubo/ to learn more. If you wish to serve as a lead plaintiff in these class actions by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by April 19, 2021. About the Lawsuit FuboTV and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. On December 23, 2020, a series of research reports revealed, among other things, that (i) the Company's subscriber and profitability growth was unsustainable past the one-time seasonal surge; (ii) its offering of products would be subject to cost escalation; (iii) it could not successfully compete as a sports book operator and could not capitalize on its online sports wagering opportunity; (iv) its data and inventory was not differentiated to allow it to achieve its long-term advertising growth goals; (v) its valuation was overstated in light of its total revenue and subscription levels; and (vi) its acquisition of Balto Sports did not provide the stated synergies and internal expertise, and did not expand the Company's addressable market into sports wagering. On this news, the price of fuboTV's shares plummeted 54% from a close of $52.59 on December 23, 2020 to a close of $24.24 on January 4, 2021. The first-filed case is Said-Ibrahim et al. v. FuboTV Inc. et al., No. 1:21-cv-01412. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients including public institutional investors, hedge funds, money managers and retail investors in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana. To learn more about KSF, you may visit www.ksfcounsel.com. Contact: Kahn Swick & Foti, LLCLewis Kahn, Managing Partner[emailprotected] 1-877-515-18501100 Poydras St., Suite 3200New Orleans, LA 70163 SOURCE Kahn Swick & Foti, LLC Related Links http://www.ksfcounsel.com Answer:
FUBOTV 24 HOUR DEADLINE ALERT: FORMER LOUISIANA ATTORNEY GENERAL AND KAHN SWICK & FOTI, LLC REMIND INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Deadline in Class Action Lawsuits Against fuboTV Inc. - FUBO
NEW ORLEANS, April 18, 2021 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until April 19, 2021 to file lead plaintiff applications in securities class action lawsuits against fuboTV Inc. (NYSE: FUBO), if they purchased the Company's shares between March 23, 2020 and January 4, 2021, inclusive (the "Class Period"). These actions are pending in the United States District Court for the Southern District of New York. What You May Do If you purchased shares of fuboTV and would like to discuss your legal rights and how these cases might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([emailprotected]), or visit https://www.ksfcounsel.com/cases/nyse-fubo/ to learn more. If you wish to serve as a lead plaintiff in these class actions by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by April 19, 2021. About the Lawsuit FuboTV and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. On December 23, 2020, a series of research reports revealed, among other things, that (i) the Company's subscriber and profitability growth was unsustainable past the one-time seasonal surge; (ii) its offering of products would be subject to cost escalation; (iii) it could not successfully compete as a sports book operator and could not capitalize on its online sports wagering opportunity; (iv) its data and inventory was not differentiated to allow it to achieve its long-term advertising growth goals; (v) its valuation was overstated in light of its total revenue and subscription levels; and (vi) its acquisition of Balto Sports did not provide the stated synergies and internal expertise, and did not expand the Company's addressable market into sports wagering. On this news, the price of fuboTV's shares plummeted 54% from a close of $52.59 on December 23, 2020 to a close of $24.24 on January 4, 2021. The first-filed case is Said-Ibrahim et al. v. FuboTV Inc. et al., No. 1:21-cv-01412. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients including public institutional investors, hedge funds, money managers and retail investors in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana. To learn more about KSF, you may visit www.ksfcounsel.com. Contact: Kahn Swick & Foti, LLCLewis Kahn, Managing Partner[emailprotected] 1-877-515-18501100 Poydras St., Suite 3200New Orleans, LA 70163 SOURCE Kahn Swick & Foti, LLC Related Links http://www.ksfcounsel.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: MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial Inc. (NYSE: AMP), today announced that 67 financial advisors were named to Barrons list of Top 1,200 Financial Advisors in the country. Barrons magazine recognizes the industrys top advisors based on several factors, which include levels of ethical standards, professionalism and success in the business. The rankings are based on data provided by more than 4,000 of the nations most productive advisors. Were proud of our advisors who've earned this distinguished recognition from Barrons, said Bill Williams, Executive Vice President of the firms independent advisor channel. In addition to running successful businesses, our advisors help clients stay the course when life throws a curveballbecause long-term goal achievement often comes down to a series of small decisions that add up over time. We congratulate the advisors who have the honor of being named a Barrons top advisor, said Pat OConnell, Executive Vice President of the firms employee advisor and financial institutions channels. We recognize the deep commitment these advisors have to their clients and the exceptional experience they deliver through long-term financial advice, quality service and industry-leading technology capabilities, all of which help them stand out among their peers. The full list of Barrons Top 1,200 Financial Advisors can be found at Barrons.com. Visit barrons.com for additional information about Barrons. Source: Barrons, March 12, 2021 Barrons Top 1,200 Financial Advisors. Barrons is a registered trademark of Dow Jones, L.P.; all rights reserved. Barrons listings are based on data compiled by many of the nations most productive advisors, which is then submitted to and judged by Barrons. Key factors and criteria include: assets under management, revenue produced for the firm, regulatory and compliance record, and years of professional experience. Barrons is a registered trademark of Dow Jones, L.P.; all rights reserved. This award is not indicative of this advisors future performance. Ameriprise Financial Services, LLC., Member FINRA and SIPC 2021 Ameriprise Financial, Inc. All rights reserved. Answer:
67 Ameriprise Financial Advisors Named to the Barrons Top 1,200 Financial Advisors List
MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial Inc. (NYSE: AMP), today announced that 67 financial advisors were named to Barrons list of Top 1,200 Financial Advisors in the country. Barrons magazine recognizes the industrys top advisors based on several factors, which include levels of ethical standards, professionalism and success in the business. The rankings are based on data provided by more than 4,000 of the nations most productive advisors. Were proud of our advisors who've earned this distinguished recognition from Barrons, said Bill Williams, Executive Vice President of the firms independent advisor channel. In addition to running successful businesses, our advisors help clients stay the course when life throws a curveballbecause long-term goal achievement often comes down to a series of small decisions that add up over time. We congratulate the advisors who have the honor of being named a Barrons top advisor, said Pat OConnell, Executive Vice President of the firms employee advisor and financial institutions channels. We recognize the deep commitment these advisors have to their clients and the exceptional experience they deliver through long-term financial advice, quality service and industry-leading technology capabilities, all of which help them stand out among their peers. The full list of Barrons Top 1,200 Financial Advisors can be found at Barrons.com. Visit barrons.com for additional information about Barrons. Source: Barrons, March 12, 2021 Barrons Top 1,200 Financial Advisors. Barrons is a registered trademark of Dow Jones, L.P.; all rights reserved. Barrons listings are based on data compiled by many of the nations most productive advisors, which is then submitted to and judged by Barrons. Key factors and criteria include: assets under management, revenue produced for the firm, regulatory and compliance record, and years of professional experience. Barrons is a registered trademark of Dow Jones, L.P.; all rights reserved. This award is not indicative of this advisors future performance. Ameriprise Financial Services, LLC., Member FINRA and SIPC 2021 Ameriprise Financial, Inc. All rights reserved.
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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 "Construction in Japan - Key Trends and Opportunities to 2025 (H1 2021)" report has been added to ResearchAndMarkets.com's offering. Japan's construction industry was adversely affected by the coronavirus (COVID-19) pandemic, as well as the consequent introduction of state of emergency measures. Even though no strict nationwide lockdown was enforced in response to the crisis, the construction industry has been impacted by social distancing regulations and the temporary halt in construction works, resulting in a decline of 4% in 2020. According to the Economic and Social Research Institute (Cabinet Office, Government of Japan), private investment on building construction declined by 11.1% year on year (YoY) in Q3 2020, following a decline of 7% in the previous quarter. In addition, the total value of contracts received for construction declined by 7% YoY in 2020. The report expects the construction industry to stabilize and register growth of 1.7% in 2021, before growing at an annual average growth rate of 0.9% during 2022-2025, supported by investment in the transport, renewable energy, telecommunication, and manufacturing sectors. The government plans to develop 10GW of offshore wind capacity by Fiscal Year (FY) 2030/2031, in line with its target to increase the share of renewable energy in its total power mix to 22-24% by 2030. Investments in manufacturing plants will be supported by the government's focus on strengthening its supply chains and reducing dependence on China. To achieve this, in April 2020 the government allocated JPY220 billion (US$2 billion) in subsidies to attract manufacturing companies exiting China. This report provides detailed market analysis, information, and insights into Japan's construction industry, including: Scope Key Topics Covered: 1 Executive Summary 2 Construction Industry: At-a-Glance 3 Context 3.1 Economic Performance 3.2 Political Environment and Policy 3.3 Demographics 3.4 COVID-19 Status 4 Construction Outlook 4.1 All Construction 4.2 Commercial Construction 4.3 Industrial Construction 4.4 Infrastructure Construction 4.5 Energy and Utilities Construction 4.6 Institutional Construction 4.7 Residential Construction 5 Key Industry Participants 5.1 Contractors 5.2 Consultants 6 Construction Market Data 7 Appendix For more information about this report visit https://www.researchandmarkets.com/r/pvpnp Answer:
Japan Construction Market Trends and Opportunities Report 2021-2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Construction in Japan - Key Trends and Opportunities to 2025 (H1 2021)" report has been added to ResearchAndMarkets.com's offering. Japan's construction industry was adversely affected by the coronavirus (COVID-19) pandemic, as well as the consequent introduction of state of emergency measures. Even though no strict nationwide lockdown was enforced in response to the crisis, the construction industry has been impacted by social distancing regulations and the temporary halt in construction works, resulting in a decline of 4% in 2020. According to the Economic and Social Research Institute (Cabinet Office, Government of Japan), private investment on building construction declined by 11.1% year on year (YoY) in Q3 2020, following a decline of 7% in the previous quarter. In addition, the total value of contracts received for construction declined by 7% YoY in 2020. The report expects the construction industry to stabilize and register growth of 1.7% in 2021, before growing at an annual average growth rate of 0.9% during 2022-2025, supported by investment in the transport, renewable energy, telecommunication, and manufacturing sectors. The government plans to develop 10GW of offshore wind capacity by Fiscal Year (FY) 2030/2031, in line with its target to increase the share of renewable energy in its total power mix to 22-24% by 2030. Investments in manufacturing plants will be supported by the government's focus on strengthening its supply chains and reducing dependence on China. To achieve this, in April 2020 the government allocated JPY220 billion (US$2 billion) in subsidies to attract manufacturing companies exiting China. This report provides detailed market analysis, information, and insights into Japan's construction industry, including: Scope Key Topics Covered: 1 Executive Summary 2 Construction Industry: At-a-Glance 3 Context 3.1 Economic Performance 3.2 Political Environment and Policy 3.3 Demographics 3.4 COVID-19 Status 4 Construction Outlook 4.1 All Construction 4.2 Commercial Construction 4.3 Industrial Construction 4.4 Infrastructure Construction 4.5 Energy and Utilities Construction 4.6 Institutional Construction 4.7 Residential Construction 5 Key Industry Participants 5.1 Contractors 5.2 Consultants 6 Construction Market Data 7 Appendix For more information about this report visit https://www.researchandmarkets.com/r/pvpnp
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: WASHINGTON, June 3, 2020 /PRNewswire/ --Protect Our Power today released the following letter of support to the co-chairs of the Cyberspace Solarium Commission, Sen. Angus King (I-ME) and Rep. Mike Gallagher (R-WI): Dear Sen. King and Rep. Gallagher: On behalf of Protect Our Power, a non-partisan, non-profit organization focused on making the U.S. electric grid more secure and resilient, we want to commend the Cyberspace Solarium Commission (CSC) on the issuance of the white paper "Cybersecurity Lessons from the Pandemic." By adding insightful pandemic-related observations and recommendations to the ones provided in the CSC's original March 2020 report, this new white paper further highlights the challenges of ensuring the resilience of our nation's critical infrastructure, including the electric grid, and provides important guidance on what the United States needs to do to prepare for a major cyber disruption. Our nation is under daily cyber assault from a range of entities, including those that would disable or destroy our electric grid in order to bring our economy and our country to a grinding halt. We have been repeatedly warned about these threats by every relevant government agency and, as the coronavirus demonstrated, an existential threat can engulf our entire nation with a speed and level of impact that we previously believed was impossible. As the white paper suggests, and Protect Our Power agrees, the CSC's full set of recommendations "are now more urgent than ever." Specifically, enacting an Internet of Things Security law to enhance the security of the electric grid is of critical importance, as more than 50 billion devices will soon be interconnected, each providing a potential pathway to the grid. This will become increasingly critical as more people work from home following the pandemic. We also agree that responding to complex emergencies "requires a balance between agility and institutional resilience across each sector of the economy, focusing particularly on critical infrastructure," especially, in our opinion, the electric grid, upon which all other elements of critical infrastructure depend to provide power. Finally, as history and the pandemic have taught us, there is no substitute for planning and preparation, and prevention is far cheaper, and preestablished relationships far more effective, than a reactive strategy based solely on detection and response. Again, Protect Our Power applauds the Commission and supports the recommendations contained in both the original report and this most recent white paper. Our team of formerelectric industry executives and experts is available to you as a resource to help ensure adoption and implementation of these critical initiatives. It is not an exaggeration to suggest that the well-being of our nation and the full recovery of our economy from the coronavirus pandemic depend on swift and decisive action by Congress and relevant federal agencies. The CSC has provided a detailed roadmap for making our nation far more secure and resilient, and the time for action is now. Sincerely, Jim Cunningham Executive Director Protect Our Power About Protect Our PowerProtect Our Power is a not-for-profit organization designed to build a consensus among key stakeholders, decision-makers and public policy influencers to launch a coordinated and adequately funded effort to make the nation's electric grid more resilient and more resistant to all external threats. POP is singularly and uniquely positioned as a non-partisan, unbiased thought leader able to serve as a convening, moderating, action-oriented voice. SOURCE Protect Our Power (POP) Answer:
Protect Our Power Commends Cyberspace Solarium Commission for Issuing "Cybersecurity Lessons from the Pandemic" White Paper
WASHINGTON, June 3, 2020 /PRNewswire/ --Protect Our Power today released the following letter of support to the co-chairs of the Cyberspace Solarium Commission, Sen. Angus King (I-ME) and Rep. Mike Gallagher (R-WI): Dear Sen. King and Rep. Gallagher: On behalf of Protect Our Power, a non-partisan, non-profit organization focused on making the U.S. electric grid more secure and resilient, we want to commend the Cyberspace Solarium Commission (CSC) on the issuance of the white paper "Cybersecurity Lessons from the Pandemic." By adding insightful pandemic-related observations and recommendations to the ones provided in the CSC's original March 2020 report, this new white paper further highlights the challenges of ensuring the resilience of our nation's critical infrastructure, including the electric grid, and provides important guidance on what the United States needs to do to prepare for a major cyber disruption. Our nation is under daily cyber assault from a range of entities, including those that would disable or destroy our electric grid in order to bring our economy and our country to a grinding halt. We have been repeatedly warned about these threats by every relevant government agency and, as the coronavirus demonstrated, an existential threat can engulf our entire nation with a speed and level of impact that we previously believed was impossible. As the white paper suggests, and Protect Our Power agrees, the CSC's full set of recommendations "are now more urgent than ever." Specifically, enacting an Internet of Things Security law to enhance the security of the electric grid is of critical importance, as more than 50 billion devices will soon be interconnected, each providing a potential pathway to the grid. This will become increasingly critical as more people work from home following the pandemic. We also agree that responding to complex emergencies "requires a balance between agility and institutional resilience across each sector of the economy, focusing particularly on critical infrastructure," especially, in our opinion, the electric grid, upon which all other elements of critical infrastructure depend to provide power. Finally, as history and the pandemic have taught us, there is no substitute for planning and preparation, and prevention is far cheaper, and preestablished relationships far more effective, than a reactive strategy based solely on detection and response. Again, Protect Our Power applauds the Commission and supports the recommendations contained in both the original report and this most recent white paper. Our team of formerelectric industry executives and experts is available to you as a resource to help ensure adoption and implementation of these critical initiatives. It is not an exaggeration to suggest that the well-being of our nation and the full recovery of our economy from the coronavirus pandemic depend on swift and decisive action by Congress and relevant federal agencies. The CSC has provided a detailed roadmap for making our nation far more secure and resilient, and the time for action is now. Sincerely, Jim Cunningham Executive Director Protect Our Power About Protect Our PowerProtect Our Power is a not-for-profit organization designed to build a consensus among key stakeholders, decision-makers and public policy influencers to launch a coordinated and adequately funded effort to make the nation's electric grid more resilient and more resistant to all external threats. POP is singularly and uniquely positioned as a non-partisan, unbiased thought leader able to serve as a convening, moderating, action-oriented voice. SOURCE Protect Our Power (POP)
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: BOSTON, May 18, 2020 /PRNewswire/ -- ETHIC, a Wealth Bank, with headquarters at 125 High Street, announces the appointment of Matt Morse, CFA, as Chief Investment Officer of ETHIC Wealth Advisors, LLC, a Registered Investment Advisor and Subsidiary of ETHIC, a Wealth Bank. Matt is responsible for leading the overall investment process which includes overseeing the global multi-asset platform and managing the firm's proprietary equity and ESG strategies. Matt Morse, Chief Investment Officer at ETHIC Wealth Advisors, LLC A native Bostonian, Matt is a seasoned investor with twenty years of portfolio management experience working with private clients as well as endowments and foundations. Matt came to ETHIC from the wealth management division of Eaton Vance, where he was the Chief Investment Officer. His investment strategies, and a track record that spans several market cycles, played an integral role in significantly growing the firm's assets. Matt began his investment career at Capital Group, parent company to American Funds, where he developed his long-term investment philosophy. "Matt is the perfect fit for the team that we are building at ETHIC. He cares deeply about delivering exceptional investment results, and he is dedicated to building client relationships that endure," said Marc A. White, Jr., President and CEO of ETHIC, a Wealth Bank. White added, "The present investment climate dictates the need for the seasoned and steady leadership style that Matt exemplifies. Matt has weathered volatile market cycles in the past and has the confidence and foresight to navigate the present circumstances and, through his disciplined approach, make strategic investment decisions to achieve long-term financial goals." "ETHIC Wealth Advisors, LLC is in a unique position of strength to launch a Registered Investment Advisor (RIA) due to the caliber of people and institutional knowledge within the firm," said Morse. "We have been pleased with our early traction despite the challenging environment as our differentiated platform and approach to investment management have been resonating with clients." In addition to overseeing ETHIC's investment platform, Matt prioritizes working directly with clients to customize investment solutions to meet their unique needs. As a member of ETHIC's senior management team, Matt dedicates considerable energy to strategy and business development."My passion for investing is continually reinforced by the dynamic nature ofmarkets, which provides endless opportunities to learn and grow as an investor," added Morse. "Equally enjoyable is working with an energetic and collaborative team that is committed to our client-first ethos and involvement in the community. Marrying deep personal relationships with innovative technology, ETHIC strives to deliver an exceptional investment offering that aligns with our clients' values and goals."Matt, a charted financial analyst, received his BS in Accounting from the University of Southern California, completed the Uniform Certified Public Accounting exam, and is a member of the CFA Institute and CFA Society of Boston. Matt resides in Boston with his wife, a physician, and their son.Please read Matt's recently published ETHIC Wealth Advisors, LLC, Quarterly Review & Outlook 2020 Q1. About ETHICFounded in 2019, ETHIC, a Wealth Bank, provides one comprehensive platform of integrated banking and wealth management services, tailored solutions, transactional ease, and exceptional client service for the high-net-worth. Launched in 2020, ETHIC Wealth Advisors, LLC, is a Registered Investment Advisor and Subsidiary of ETHIC, a Wealth Bank. ETHIC was developed to meet the banking and wealth management needs of every generation and support clients in living a life in which their values are prioritized, their personal and professional endeavors are achieved, and goals are realized. ETHIC is committed to shifting the lens on wealth, adhering to a style of client service that prioritizes people before financials. ETHIC's headquarters are in Boston, MA. Please visit www.ethicwealthbank.com.Media Contact: Kelley Doyle, [emailprotected], 617-438-1237SOURCE ETHIC, a Wealth Bank Related Links http://www.ethicwealthbank.com Answer:
ETHIC, a Wealth Bank, Hires Chief Investment Officer, Matt Morse, CFA
BOSTON, May 18, 2020 /PRNewswire/ -- ETHIC, a Wealth Bank, with headquarters at 125 High Street, announces the appointment of Matt Morse, CFA, as Chief Investment Officer of ETHIC Wealth Advisors, LLC, a Registered Investment Advisor and Subsidiary of ETHIC, a Wealth Bank. Matt is responsible for leading the overall investment process which includes overseeing the global multi-asset platform and managing the firm's proprietary equity and ESG strategies. Matt Morse, Chief Investment Officer at ETHIC Wealth Advisors, LLC A native Bostonian, Matt is a seasoned investor with twenty years of portfolio management experience working with private clients as well as endowments and foundations. Matt came to ETHIC from the wealth management division of Eaton Vance, where he was the Chief Investment Officer. His investment strategies, and a track record that spans several market cycles, played an integral role in significantly growing the firm's assets. Matt began his investment career at Capital Group, parent company to American Funds, where he developed his long-term investment philosophy. "Matt is the perfect fit for the team that we are building at ETHIC. He cares deeply about delivering exceptional investment results, and he is dedicated to building client relationships that endure," said Marc A. White, Jr., President and CEO of ETHIC, a Wealth Bank. White added, "The present investment climate dictates the need for the seasoned and steady leadership style that Matt exemplifies. Matt has weathered volatile market cycles in the past and has the confidence and foresight to navigate the present circumstances and, through his disciplined approach, make strategic investment decisions to achieve long-term financial goals." "ETHIC Wealth Advisors, LLC is in a unique position of strength to launch a Registered Investment Advisor (RIA) due to the caliber of people and institutional knowledge within the firm," said Morse. "We have been pleased with our early traction despite the challenging environment as our differentiated platform and approach to investment management have been resonating with clients." In addition to overseeing ETHIC's investment platform, Matt prioritizes working directly with clients to customize investment solutions to meet their unique needs. As a member of ETHIC's senior management team, Matt dedicates considerable energy to strategy and business development."My passion for investing is continually reinforced by the dynamic nature ofmarkets, which provides endless opportunities to learn and grow as an investor," added Morse. "Equally enjoyable is working with an energetic and collaborative team that is committed to our client-first ethos and involvement in the community. Marrying deep personal relationships with innovative technology, ETHIC strives to deliver an exceptional investment offering that aligns with our clients' values and goals."Matt, a charted financial analyst, received his BS in Accounting from the University of Southern California, completed the Uniform Certified Public Accounting exam, and is a member of the CFA Institute and CFA Society of Boston. Matt resides in Boston with his wife, a physician, and their son.Please read Matt's recently published ETHIC Wealth Advisors, LLC, Quarterly Review & Outlook 2020 Q1. About ETHICFounded in 2019, ETHIC, a Wealth Bank, provides one comprehensive platform of integrated banking and wealth management services, tailored solutions, transactional ease, and exceptional client service for the high-net-worth. Launched in 2020, ETHIC Wealth Advisors, LLC, is a Registered Investment Advisor and Subsidiary of ETHIC, a Wealth Bank. ETHIC was developed to meet the banking and wealth management needs of every generation and support clients in living a life in which their values are prioritized, their personal and professional endeavors are achieved, and goals are realized. ETHIC is committed to shifting the lens on wealth, adhering to a style of client service that prioritizes people before financials. ETHIC's headquarters are in Boston, MA. Please visit www.ethicwealthbank.com.Media Contact: Kelley Doyle, [emailprotected], 617-438-1237SOURCE ETHIC, a Wealth Bank Related Links http://www.ethicwealthbank.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: MENLO PARK, Calif.--(BUSINESS WIRE)--Synthekine Inc., an engineered cytokine therapeutics company, today announced in vivo data presented at the American Society of Hematology Annual Meeting showing STK-009, its orthogonal IL-2 ligand, improved the efficacy and durability of SYNCAR-001, its CD-19 targeted CAR-T cell therapy modified with an orthogonal IL-2 receptor. The data were delivered in a poster presentation by Paul-Joseph Aspuria, Ph.D., of Synthekine. While CAR-T therapies have proven to be very effective in treating hematological malignancies, the lack of sustained activity and CAR-T cell persistence limits their full therapeutic potential in lymphoma, said Martin Oft, M.D., chief development officer at Synthekine. The presented data demonstrate our orthogonal IL-2 system is well positioned to overcome these shortcomings. STK-009 demonstrates the ability to expand CAR-Ts in vivo in pre-clinical models, allowing for a lower starting dose of CARs while achieving deep and durable efficacy with the possibility to re-expand resting CARs long after initial transfer. We look forward to advancing STK-009 and SYNCAR-001 and filing an IND for the program in 2021. In both disseminated and subcutaneous RAJI lymphoma models in mice evaluating the efficacy of STK-009 with SYNCAR-001, STK-009 dosing drove increased levels of circulating SYNCAR-001 cells, resulting in complete responses. STK-009 expanded both CAR-T effector cells and stem cell memory cells, resulting in deep initial responses and long-term immune surveillance. Data on STK-009 from a multiple-ascending dose study in non-human primates were also presented, showing STK-009 was well tolerated, had long exposure, and had no effect on cells expressing only the wild type IL-2 receptor. A copy of the poster is available on Synthekines website. Selectivity of this orthogonal IL-2 ligand is fundamental, as more promiscuous activity on bystander cells could lead to systemic toxicity and limit the therapeutic potential of this combined treatment, said Dr. Aspuria. Based on the data we presented, we are optimistic about the potential for STK-009 and SYNCAR-001 to overcome hurdles faced by CD-19 cell therapy today. About Synthekine Synthekine is an engineered cytokine therapeutics company developing disease-optimized treatments. The company uses immunological insights to guide targeted protein engineering to generate transformative medicines for cancer and autoimmune disorders. Using the principles of cytokine partial agonism and immunological specificity, Synthekine designs differentiated therapeutics to be both safe and efficacious. Its lead programs have shown promising efficacy and tolerability in preclinical studies, and it is developing additional cytokine partial agonists that selectively modulate key pathways of the immune system. For more information, visit www.synthekine.com. Answer:
Synthekine Presents Data at American Society of Hematology Annual Meeting Showing Orthogonal IL-2 Ligand Drives Deeper and More Durable Response of CD-19 CAR-T STK-009 drives expansion of SYNCAR-001 in-vivo, leading to deeper and more durable responses in pre-clinical models STK-009 demonstrates selectivity in non-human primate safety study
MENLO PARK, Calif.--(BUSINESS WIRE)--Synthekine Inc., an engineered cytokine therapeutics company, today announced in vivo data presented at the American Society of Hematology Annual Meeting showing STK-009, its orthogonal IL-2 ligand, improved the efficacy and durability of SYNCAR-001, its CD-19 targeted CAR-T cell therapy modified with an orthogonal IL-2 receptor. The data were delivered in a poster presentation by Paul-Joseph Aspuria, Ph.D., of Synthekine. While CAR-T therapies have proven to be very effective in treating hematological malignancies, the lack of sustained activity and CAR-T cell persistence limits their full therapeutic potential in lymphoma, said Martin Oft, M.D., chief development officer at Synthekine. The presented data demonstrate our orthogonal IL-2 system is well positioned to overcome these shortcomings. STK-009 demonstrates the ability to expand CAR-Ts in vivo in pre-clinical models, allowing for a lower starting dose of CARs while achieving deep and durable efficacy with the possibility to re-expand resting CARs long after initial transfer. We look forward to advancing STK-009 and SYNCAR-001 and filing an IND for the program in 2021. In both disseminated and subcutaneous RAJI lymphoma models in mice evaluating the efficacy of STK-009 with SYNCAR-001, STK-009 dosing drove increased levels of circulating SYNCAR-001 cells, resulting in complete responses. STK-009 expanded both CAR-T effector cells and stem cell memory cells, resulting in deep initial responses and long-term immune surveillance. Data on STK-009 from a multiple-ascending dose study in non-human primates were also presented, showing STK-009 was well tolerated, had long exposure, and had no effect on cells expressing only the wild type IL-2 receptor. A copy of the poster is available on Synthekines website. Selectivity of this orthogonal IL-2 ligand is fundamental, as more promiscuous activity on bystander cells could lead to systemic toxicity and limit the therapeutic potential of this combined treatment, said Dr. Aspuria. Based on the data we presented, we are optimistic about the potential for STK-009 and SYNCAR-001 to overcome hurdles faced by CD-19 cell therapy today. About Synthekine Synthekine is an engineered cytokine therapeutics company developing disease-optimized treatments. The company uses immunological insights to guide targeted protein engineering to generate transformative medicines for cancer and autoimmune disorders. Using the principles of cytokine partial agonism and immunological specificity, Synthekine designs differentiated therapeutics to be both safe and efficacious. Its lead programs have shown promising efficacy and tolerability in preclinical studies, and it is developing additional cytokine partial agonists that selectively modulate key pathways of the immune system. For more information, visit www.synthekine.com.
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: SAN FRANCISCO--(BUSINESS WIRE)--CH4 Global, Inc. is pleased to announce they have signed the worlds first license agreements for the sale and distribution of methane-busting Asparagopsis seaweed technology with the seaweed technology IP holder Future Feed Pty Ltd. The licenses cover sales and distribution in the Australian and New Zealand markets. Future Feed Pty Ltd. has been established by CSIRO to hold the global IP rights to Asparagopsis seaweed technology developed by CSIRO, Meat and Livestock Australia and James Cook University. Future Feed CEO Regan Crooks shared, Future Feed is excited that CH4 Global is the first company to have market access through leveraging our key Asparagopsis use patents. CH4 Globals comprehensive business plan has created the first end-to-end supply chain which makes the commercialization of Asparagopsis real and creates a viable market-place model. This is a key enabler to igniting the growth of this new industry leveraging our intellectual property to ultimately mitigate climate change. Trials in the US and in Australia have shown unequivocally that Asparagopsis, when used as a supplement at 1% or less of the total diet in dairy cows and feedlot beef cows, results in reductions in methane from 60% to more than 90%. Over the next two decades, the impact of the annual GHG output of the 1.5 billion cows on the planet is greater than the annual GHG output from China. Our vision is zero methane agriculture and access to these licenses will bring us closer to that vision, explained CH4 Global CEO and co-founder Dr. Steve Meller. The scaled impact of this opportunity to reduce methane emissions from the worlds cattle is larger than any other single intervention on climate change and we believe it is one of the only ways the planet can close the emissions gap to put the Paris Agreement on track towards success by 2030. About CH4 Global CH4 Global is an aquaculture solutions provider dedicated to urgently impacting climate change. Lead by a world-class team of senior business builders, scientists and entrepreneurs, the company is initially leveraging proven science and technology for growing seaweed into innovative new livestock supplement that reduces methane produced by cows by up to 90%. Among early investors are a select group of prominent family offices and private investors. CH4 Global have also received non-dilutive capital support from government organizations from around the world. CH4 Global is a Delaware corporation based in Henderson, NV. For more information, please visit us at CH4 Global. Answer:
CH4 Global and Future Feed Sign Licenses for Sales & Marketing of Asparagopsis Seaweed in New Zealand and Australia Methane-busting seaweed aquaculture nearing commercial availability
SAN FRANCISCO--(BUSINESS WIRE)--CH4 Global, Inc. is pleased to announce they have signed the worlds first license agreements for the sale and distribution of methane-busting Asparagopsis seaweed technology with the seaweed technology IP holder Future Feed Pty Ltd. The licenses cover sales and distribution in the Australian and New Zealand markets. Future Feed Pty Ltd. has been established by CSIRO to hold the global IP rights to Asparagopsis seaweed technology developed by CSIRO, Meat and Livestock Australia and James Cook University. Future Feed CEO Regan Crooks shared, Future Feed is excited that CH4 Global is the first company to have market access through leveraging our key Asparagopsis use patents. CH4 Globals comprehensive business plan has created the first end-to-end supply chain which makes the commercialization of Asparagopsis real and creates a viable market-place model. This is a key enabler to igniting the growth of this new industry leveraging our intellectual property to ultimately mitigate climate change. Trials in the US and in Australia have shown unequivocally that Asparagopsis, when used as a supplement at 1% or less of the total diet in dairy cows and feedlot beef cows, results in reductions in methane from 60% to more than 90%. Over the next two decades, the impact of the annual GHG output of the 1.5 billion cows on the planet is greater than the annual GHG output from China. Our vision is zero methane agriculture and access to these licenses will bring us closer to that vision, explained CH4 Global CEO and co-founder Dr. Steve Meller. The scaled impact of this opportunity to reduce methane emissions from the worlds cattle is larger than any other single intervention on climate change and we believe it is one of the only ways the planet can close the emissions gap to put the Paris Agreement on track towards success by 2030. About CH4 Global CH4 Global is an aquaculture solutions provider dedicated to urgently impacting climate change. Lead by a world-class team of senior business builders, scientists and entrepreneurs, the company is initially leveraging proven science and technology for growing seaweed into innovative new livestock supplement that reduces methane produced by cows by up to 90%. Among early investors are a select group of prominent family offices and private investors. CH4 Global have also received non-dilutive capital support from government organizations from around the world. CH4 Global is a Delaware corporation based in Henderson, NV. For more information, please visit us at CH4 Global.
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: CHICAGO, Feb. 18, 2021 /PRNewswire/ --Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) flows for January 2021. For the month of January, long-term mutual funds and ETFs collected $95 billion. U.S. equity funds had outflows of $38 billion in January, with approximately $26 billion of that from actively managed funds and $12 billion from passively managed funds. Morningstar's report about U.S. fund flows for January 2021 is available here. Additional highlights from the report include: Among U.S. category groups, taxable-bond funds dominated, with $79 billion of inflows in January and $459 billion of inflows over the trailing 12 months, the most by far for any group. Investors continued to pour assets into intermediate core bond and intermediate core-plus bond funds, which each saw near-record inflows of more than $25 billion and $13 billion, respectively. Municipal-bond funds saw a record of $15.9 billion of inflows, potentially in anticipation of increased federal support for cash-strapped municipalities. Sector-equity funds took in $18 billion, their fourth-straight month of gains, powered by big flows into financial and clean-energy ETFs. At the fund level, passive bond funds attracted the largest inflows in January. Vanguard Total Bond Market II Index topped the list with $6.9 billion of inflows. In addition, Ark Innovation ETF joined the top 10 for the second month in a row with $3 billion of inflows. Equity funds dominated the list of funds with the biggest outflows, with SPDR S&P 500 ETF seeing nearly $12 billion of outflows. Other large funds, such as Vanguard Institutional Index and iShares Core S&P 500 ETF, posted multibillion-dollar outflows. Vanguard led all fund families with $38 billion of long-term fund inflows during January, with its taxable-bond funds taking in the most among major categories with $27 billion. State Street Global Advisors had the month's heaviest outflows at $5 billion. To view the complete report, please click here. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed outside the scope of this press release; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. About Morningstar, Inc.Morningstar,Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately$215 billion in assets under advisement and management as of Sept. 30, 2020. The Company has operations in29 countries. For more information, visitwww.morningstar.com/company. Follow Morningstar on Twitter @MorningstarInc. Morningstar's Manager Research Group consists of various wholly owned subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC. This press release is for informational purposes only; references to securities or a separately managed account investment strategy in this press release should not be considered an offer or solicitation to buy or sell the securities or to invest in accordance with that strategy. 2021 Morningstar, Inc. All Rights Reserved. MORN-R Media Contact:Sarah Wirth, +1 312 244-7358 or [emailprotected] SOURCE Morningstar, Inc. Related Links http://www.morningstar.com Answer:
Morningstar Reports U.S. Mutual Fund and Exchange-Traded Fund Flows for January 2021
CHICAGO, Feb. 18, 2021 /PRNewswire/ --Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) flows for January 2021. For the month of January, long-term mutual funds and ETFs collected $95 billion. U.S. equity funds had outflows of $38 billion in January, with approximately $26 billion of that from actively managed funds and $12 billion from passively managed funds. Morningstar's report about U.S. fund flows for January 2021 is available here. Additional highlights from the report include: Among U.S. category groups, taxable-bond funds dominated, with $79 billion of inflows in January and $459 billion of inflows over the trailing 12 months, the most by far for any group. Investors continued to pour assets into intermediate core bond and intermediate core-plus bond funds, which each saw near-record inflows of more than $25 billion and $13 billion, respectively. Municipal-bond funds saw a record of $15.9 billion of inflows, potentially in anticipation of increased federal support for cash-strapped municipalities. Sector-equity funds took in $18 billion, their fourth-straight month of gains, powered by big flows into financial and clean-energy ETFs. At the fund level, passive bond funds attracted the largest inflows in January. Vanguard Total Bond Market II Index topped the list with $6.9 billion of inflows. In addition, Ark Innovation ETF joined the top 10 for the second month in a row with $3 billion of inflows. Equity funds dominated the list of funds with the biggest outflows, with SPDR S&P 500 ETF seeing nearly $12 billion of outflows. Other large funds, such as Vanguard Institutional Index and iShares Core S&P 500 ETF, posted multibillion-dollar outflows. Vanguard led all fund families with $38 billion of long-term fund inflows during January, with its taxable-bond funds taking in the most among major categories with $27 billion. State Street Global Advisors had the month's heaviest outflows at $5 billion. To view the complete report, please click here. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed outside the scope of this press release; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. About Morningstar, Inc.Morningstar,Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately$215 billion in assets under advisement and management as of Sept. 30, 2020. The Company has operations in29 countries. For more information, visitwww.morningstar.com/company. Follow Morningstar on Twitter @MorningstarInc. Morningstar's Manager Research Group consists of various wholly owned subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC. This press release is for informational purposes only; references to securities or a separately managed account investment strategy in this press release should not be considered an offer or solicitation to buy or sell the securities or to invest in accordance with that strategy. 2021 Morningstar, Inc. All Rights Reserved. MORN-R Media Contact:Sarah Wirth, +1 312 244-7358 or [emailprotected] SOURCE Morningstar, Inc. Related Links http://www.morningstar.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: ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM), one of Americas largest homebuilding companies, today announced the appointment of J. Phillip Holloman, former President and Chief Operating Officer (COO) of Cintas Corporation, as a new independent director to its board, effective immediately. Phillip is a seasoned executive who successfully led one of the worlds most recognized brands for a decade, said Bryce Blair, Chairman of the Board of PulteGroup. We are confident his experiences and insights will prove valuable to PulteGroup and are thrilled to welcome him to the board. The PulteGroup Board of Directors is comprised of members who bring authenticity, energy, passion and a history of diverse experiences to ensure the continued success of the company, which is why Phillip is a natural choice to join the board, said Cheryl Grise, PulteGroup director and Chairman of the Nominating and Governance Committee. His history of success in the corporate setting, combined with his wealth of community service and dedication to diversity and inclusion initiatives made him an ideal candidate and I look forward to working with Phillip for years to come. Holloman retired from Cintas as President and COO in 2018 after 22-years spanning multiple roles and responsibilities. During his tenure with the company, he was Vice President of Engineering and Construction, Distribution and Production Planning, and Senior Vice President of Global Supply Chain Management. Under his leadership as President & COO from 2008-2018, Holloman successfully guided Cintas through The Great Recession and was heavily involved with Cintass rebranding exercise, adopting more of a business-to-consumer mentality that included offering new products and services, in combination with entering new markets such as hospitality, gaming and health care. In addition to his role as the executive champion of the companys Six Sigma deployment, Holloman developed its strategy to cross-sell products and services. A graduate from the University of Cincinnati with a B.S. degree in civil engineering, Holloman also serves on the Board of Directors for Rockwell Automation, the Board of Trustees at the University of Cincinnati, the Advisory Board of Pritzker Private Capital and as Chairman of the Board for the Urban League of Greater Southwestern Ohio. About PulteGroup PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of Americas largest homebuilding companies with operations in 40 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes, American West and John Wieland Homes and Neighborhoods, the company is one of the industrys most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroups purpose is building incredible places where people can live their dreams. For more information about PulteGroup, Inc. and PulteGroups brands, go to pultegroup.com; www.pulte.com; www.centex.com; www.delwebb.com; www.divosta.com; www.jwhomes.com; and www.americanwesthomes.com. Follow PulteGroup, Inc. on Twitter: @PulteGroupNews. Answer:
PulteGroup Appoints J. Phillip Holloman to its Board of Directors
ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM), one of Americas largest homebuilding companies, today announced the appointment of J. Phillip Holloman, former President and Chief Operating Officer (COO) of Cintas Corporation, as a new independent director to its board, effective immediately. Phillip is a seasoned executive who successfully led one of the worlds most recognized brands for a decade, said Bryce Blair, Chairman of the Board of PulteGroup. We are confident his experiences and insights will prove valuable to PulteGroup and are thrilled to welcome him to the board. The PulteGroup Board of Directors is comprised of members who bring authenticity, energy, passion and a history of diverse experiences to ensure the continued success of the company, which is why Phillip is a natural choice to join the board, said Cheryl Grise, PulteGroup director and Chairman of the Nominating and Governance Committee. His history of success in the corporate setting, combined with his wealth of community service and dedication to diversity and inclusion initiatives made him an ideal candidate and I look forward to working with Phillip for years to come. Holloman retired from Cintas as President and COO in 2018 after 22-years spanning multiple roles and responsibilities. During his tenure with the company, he was Vice President of Engineering and Construction, Distribution and Production Planning, and Senior Vice President of Global Supply Chain Management. Under his leadership as President & COO from 2008-2018, Holloman successfully guided Cintas through The Great Recession and was heavily involved with Cintass rebranding exercise, adopting more of a business-to-consumer mentality that included offering new products and services, in combination with entering new markets such as hospitality, gaming and health care. In addition to his role as the executive champion of the companys Six Sigma deployment, Holloman developed its strategy to cross-sell products and services. A graduate from the University of Cincinnati with a B.S. degree in civil engineering, Holloman also serves on the Board of Directors for Rockwell Automation, the Board of Trustees at the University of Cincinnati, the Advisory Board of Pritzker Private Capital and as Chairman of the Board for the Urban League of Greater Southwestern Ohio. About PulteGroup PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of Americas largest homebuilding companies with operations in 40 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes, American West and John Wieland Homes and Neighborhoods, the company is one of the industrys most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroups purpose is building incredible places where people can live their dreams. For more information about PulteGroup, Inc. and PulteGroups brands, go to pultegroup.com; www.pulte.com; www.centex.com; www.delwebb.com; www.divosta.com; www.jwhomes.com; and www.americanwesthomes.com. Follow PulteGroup, Inc. on Twitter: @PulteGroupNews.
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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, July 22, 2020 /PRNewswire/ --Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Waitr Holdings Inc. (NASDAQ: WTRH). If you are a shareholder of Waitr Holdings Inc. and are interested in obtaining additional information regarding this investigation, free of charge, please visit us at: http://pjlfirm.com/waitr-holdings-inc/ You may also contact Robert H. Lefkowitz, Esq. either via email at [emailprotected] or by telephone at 212-725-1000.One of our attorneys will personally speak with you about the case at no cost or obligation. Purcell Julie & Lefkowitz LLP is a law firm exclusively committed to representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty and other types of corporate misconduct. For more information about the firm and its attorneys, please visit http://pjlfirm.com.Attorney advertising. Prior results do not guarantee a similar outcome. SOURCE Purcell Julie & Lefkowitz LLP Related Links http://www.pjlfirm.com Answer:
SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Waitr Holdings Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors
NEW YORK, July 22, 2020 /PRNewswire/ --Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Waitr Holdings Inc. (NASDAQ: WTRH). If you are a shareholder of Waitr Holdings Inc. and are interested in obtaining additional information regarding this investigation, free of charge, please visit us at: http://pjlfirm.com/waitr-holdings-inc/ You may also contact Robert H. Lefkowitz, Esq. either via email at [emailprotected] or by telephone at 212-725-1000.One of our attorneys will personally speak with you about the case at no cost or obligation. Purcell Julie & Lefkowitz LLP is a law firm exclusively committed to representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty and other types of corporate misconduct. For more information about the firm and its attorneys, please visit http://pjlfirm.com.Attorney advertising. Prior results do not guarantee a similar outcome. SOURCE Purcell Julie & Lefkowitz LLP Related Links http://www.pjlfirm.com
edtsum635
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: SEATTLE, Jan. 15, 2021 /PRNewswire/ -- Precept Wine, the largest privately held wine producer in the Pacific Northwest and a top 12 American wine producer, is excited to announce the acquisition of the Sheffield Cellars and Fairbanks dessert wine portfolio from E. & J. Gallo Winery (Gallo). Sheffield Cellars and Fairbanks are award winning dessert wines, excellent as an aperitif but also perfect for complimenting many recipes. The wines were launched by Gallo in their early days when the brothers saw a need for domestic aperitif wines. Precept looks forward to continuing to craft these wines in the time-honored tradition for which they are known under the guidance of Precept's acclaimed winemaker Hal Landvoigt. Production is expected to remain in California. Whether for a sweet treat at the end of a fine meal or incorporated into your favorite dishes, Sheffield Cellars and Fairbanks offer exceptional quality at a value-oriented price point. The Sheffield Cellars portfolio includes Tawny Port (1.5L), Cream Sherry (1.5L), Very Dry Sherry (750mL, 1.5L) and Marsala (750mL, 1.5L). The Fairbanks portfolio features Port (750mL, 1.5L, 3L), Sherry (750mL, 1.5L), Cream Sherry (750mL, 1.5L), White Port (1.5L) and Cocktail Pale Dry Sherry 1.5L "I am thrilled to add these versatile wines to Precept's growing portfolio and expand our footprint in the burgeoning dessert wine category. Our sales and marketing teams, along with our wholesale partners, are looking forward to building on the upward momentum of these great brands and categories," commented Andrew Browne, Founder and CEO. "We are glad to have found in Precept a buyer that will respect the history of the Sheffield Cellars and Fairbanks brands and will continue making these quality dessert wines for consumers to enjoy," said Gallo's CEO Ernest J. Gallo. The dessert wine category continues to experience solid growth, up 15% in dollar volume and 10% in case volume. Port (+11%), sherry (+7%) and marsala (+16%) are all on the upswing sparked by the recent increase in at home cocktails and cooking. Additionally, Fairbanks is the second largest dessert wine brand and growing. (Nielsen 52 Weeks Ending 12/26/20 US XAOC + Liquor Plus). Coupled with Precept's iconic Chocolate Shop wine and the recently released A.G. Perino Sweet and Dry Vermouths, the company looks forward to both growing and innovating in the sweet wine and dessert category. Sheffield Cellars and Fairbanks are distributed and available nationally. Seattle-based Precept Wine is the largest privately held wine producer in the Pacific Northwest and a top 12 American wine producer. With deep roots representing more than 30 years of Northwest investments in the wine industry, Precept owns and maintains nearly 4,000 planted vineyard acres across Washington, Idaho, New Mexico and Oregon; such leading wine brands as Waterbrook, Gruet, Browne Family Vineyards, Canoe Ridge Vineyard, House Wine, Pendulum, Primarius, Washington Hills, Battle Creek Cellars, Callaway Cellars, Ste. Chapelle, Cense, Sheffield Cellars, Fairbanks and AG Perino Vermouth, plus tasting rooms and hospitality throughout the Pacific Northwest and New Mexico. Founded in 2003 by Andrew Browne and Dan Baty, the company's wineries have garnered more than 800 combined best buys and critical scores exceeding 90 points. Learn more at www.preceptwine.com. SOURCE Precept Wine Related Links http://www.preceptwine.com Answer:
Precept Sweetens Its Portfolio with Acquisition of Sheffield Cellars and Fairbanks Dessert Wine Brands
SEATTLE, Jan. 15, 2021 /PRNewswire/ -- Precept Wine, the largest privately held wine producer in the Pacific Northwest and a top 12 American wine producer, is excited to announce the acquisition of the Sheffield Cellars and Fairbanks dessert wine portfolio from E. & J. Gallo Winery (Gallo). Sheffield Cellars and Fairbanks are award winning dessert wines, excellent as an aperitif but also perfect for complimenting many recipes. The wines were launched by Gallo in their early days when the brothers saw a need for domestic aperitif wines. Precept looks forward to continuing to craft these wines in the time-honored tradition for which they are known under the guidance of Precept's acclaimed winemaker Hal Landvoigt. Production is expected to remain in California. Whether for a sweet treat at the end of a fine meal or incorporated into your favorite dishes, Sheffield Cellars and Fairbanks offer exceptional quality at a value-oriented price point. The Sheffield Cellars portfolio includes Tawny Port (1.5L), Cream Sherry (1.5L), Very Dry Sherry (750mL, 1.5L) and Marsala (750mL, 1.5L). The Fairbanks portfolio features Port (750mL, 1.5L, 3L), Sherry (750mL, 1.5L), Cream Sherry (750mL, 1.5L), White Port (1.5L) and Cocktail Pale Dry Sherry 1.5L "I am thrilled to add these versatile wines to Precept's growing portfolio and expand our footprint in the burgeoning dessert wine category. Our sales and marketing teams, along with our wholesale partners, are looking forward to building on the upward momentum of these great brands and categories," commented Andrew Browne, Founder and CEO. "We are glad to have found in Precept a buyer that will respect the history of the Sheffield Cellars and Fairbanks brands and will continue making these quality dessert wines for consumers to enjoy," said Gallo's CEO Ernest J. Gallo. The dessert wine category continues to experience solid growth, up 15% in dollar volume and 10% in case volume. Port (+11%), sherry (+7%) and marsala (+16%) are all on the upswing sparked by the recent increase in at home cocktails and cooking. Additionally, Fairbanks is the second largest dessert wine brand and growing. (Nielsen 52 Weeks Ending 12/26/20 US XAOC + Liquor Plus). Coupled with Precept's iconic Chocolate Shop wine and the recently released A.G. Perino Sweet and Dry Vermouths, the company looks forward to both growing and innovating in the sweet wine and dessert category. Sheffield Cellars and Fairbanks are distributed and available nationally. Seattle-based Precept Wine is the largest privately held wine producer in the Pacific Northwest and a top 12 American wine producer. With deep roots representing more than 30 years of Northwest investments in the wine industry, Precept owns and maintains nearly 4,000 planted vineyard acres across Washington, Idaho, New Mexico and Oregon; such leading wine brands as Waterbrook, Gruet, Browne Family Vineyards, Canoe Ridge Vineyard, House Wine, Pendulum, Primarius, Washington Hills, Battle Creek Cellars, Callaway Cellars, Ste. Chapelle, Cense, Sheffield Cellars, Fairbanks and AG Perino Vermouth, plus tasting rooms and hospitality throughout the Pacific Northwest and New Mexico. Founded in 2003 by Andrew Browne and Dan Baty, the company's wineries have garnered more than 800 combined best buys and critical scores exceeding 90 points. Learn more at www.preceptwine.com. SOURCE Precept Wine Related Links http://www.preceptwine.com
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: CHICAGO, Jan. 6, 2021 /PRNewswire/ -- Cision is happy to announce that it has been recognized by TrustRadius for providing outstanding functionality and service in Public Relations software. Its next-gen Cision Communications Cloud won 2021 Best Feature Set and Best Customer Support in a competitive awards program that is based completely on client reviews. Read a reviewof Cision Communications Cloud. "TrustRadius awards speak volumes because they reflect the voice of our customers," said Maggie Lower, CMO of Cision. "We developed the Cision Communications Cloud to help PR and marketing pros navigate a fast-changing media landscape, tie earned media back to business results and change conversations with their senior executives. We are delighted to see the positive impact our platform is having on our customers every day." Cision Communications Cloud enables communicators to connect to a network of more than 1.1 billion media and influencers, easily target and engage them with outreach campaigns, monitor coverage and measure real business outcomes. Learn more here."Buyers have many options when it comes to selecting a public relations solution," says Megan Headley, VP of Research at TrustRadius. "Reviewers on TrustRadius value Cision's robust features like news search, press release distribution and influencer research as well as Cision's quick and knowledgeable support services."To win in these categories, each nominated organization had to receive 10 TrustRadius reviews in the past year that featured specific mention of their product's feature set and 10 reviews with specific mention of their customer support. Winnersalso had to rank in the top three positions of their category in terms of what percentage of positive responses they earned this year. Additional vetting via textual review analysis was also performed by the TrustRadius research team.About TrustRadiusTrustRadius helps technology buyers make better decisions and helps vendors tell their unique story, improve conversion, engage high-intent buyers, and gain customer insights. Each month over 1 million B2B technology buyers, over 50% from large enterprises, use verified reviews and ratings on TrustRadius.com to make informed purchasing decisions. Headquartered in Austin, TX, TrustRadius was founded by successful entrepreneurs and is backed by Mayfield Fund, LiveOak Venture Partners and Next Coast Ventures.About CisionAs a global leader in PR and marketing communications technology and intelligence, Cision helps organizations share news, amplify brands, and influence target audiences to drive business results. Newswire distribution, a network of over 1.1 billion influencers, in-depth monitoring and analytics, and social media management headline a one-stop solution suite. Cision has offices in 24 countries throughout the Americas, EMEA, and APAC. For more information about Cision's award-winning solutions, including its next-gen Cision Communications Cloud, visitwww.cision.comand follow @Cision on Twitter.Media ContactRebecca DershPR Manager[emailprotected]SOURCE Cision Ltd. Related Links http://www.cision.com Answer:
Cision Communications Cloud Wins 2021 Best Feature Set and Best Customer Support Awards From TrustRadius
CHICAGO, Jan. 6, 2021 /PRNewswire/ -- Cision is happy to announce that it has been recognized by TrustRadius for providing outstanding functionality and service in Public Relations software. Its next-gen Cision Communications Cloud won 2021 Best Feature Set and Best Customer Support in a competitive awards program that is based completely on client reviews. Read a reviewof Cision Communications Cloud. "TrustRadius awards speak volumes because they reflect the voice of our customers," said Maggie Lower, CMO of Cision. "We developed the Cision Communications Cloud to help PR and marketing pros navigate a fast-changing media landscape, tie earned media back to business results and change conversations with their senior executives. We are delighted to see the positive impact our platform is having on our customers every day." Cision Communications Cloud enables communicators to connect to a network of more than 1.1 billion media and influencers, easily target and engage them with outreach campaigns, monitor coverage and measure real business outcomes. Learn more here."Buyers have many options when it comes to selecting a public relations solution," says Megan Headley, VP of Research at TrustRadius. "Reviewers on TrustRadius value Cision's robust features like news search, press release distribution and influencer research as well as Cision's quick and knowledgeable support services."To win in these categories, each nominated organization had to receive 10 TrustRadius reviews in the past year that featured specific mention of their product's feature set and 10 reviews with specific mention of their customer support. Winnersalso had to rank in the top three positions of their category in terms of what percentage of positive responses they earned this year. Additional vetting via textual review analysis was also performed by the TrustRadius research team.About TrustRadiusTrustRadius helps technology buyers make better decisions and helps vendors tell their unique story, improve conversion, engage high-intent buyers, and gain customer insights. Each month over 1 million B2B technology buyers, over 50% from large enterprises, use verified reviews and ratings on TrustRadius.com to make informed purchasing decisions. Headquartered in Austin, TX, TrustRadius was founded by successful entrepreneurs and is backed by Mayfield Fund, LiveOak Venture Partners and Next Coast Ventures.About CisionAs a global leader in PR and marketing communications technology and intelligence, Cision helps organizations share news, amplify brands, and influence target audiences to drive business results. Newswire distribution, a network of over 1.1 billion influencers, in-depth monitoring and analytics, and social media management headline a one-stop solution suite. Cision has offices in 24 countries throughout the Americas, EMEA, and APAC. For more information about Cision's award-winning solutions, including its next-gen Cision Communications Cloud, visitwww.cision.comand follow @Cision on Twitter.Media ContactRebecca DershPR Manager[emailprotected]SOURCE Cision Ltd. Related Links http://www.cision.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: SHANGHAI, June 12, 2020 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE: FINV), a leading fintech platform in China, today announced that its fintech application, PPDAI App, has received both the APP Security Certification and the APP Information Security Certification with level 3 rating, the highest rating level in security evaluation standard, from China National Computer Virus Emergency Response Center ("CVERC"). Safeguarding user information and protecting user privacy is paramount in FinVolution Group's operation since its inception. The Company has established a comprehensive administrative mechanism and standardized employee training system for stringent information security management. FinVolution has also been deploying innovative technologies to promote user data protection. For example, the Company launched a Smart Finance Institute in 2018 for research and development in the field of artificial intelligence that can be applied in various aspects of financial services. In addition, FinVolution is also a member of the National Information Security Standardization Technical Committee and Mobile Application (APP) Security Committee, maintaining up to date knowledge and compliant regarding the latest cyber-security regulatory requirements. Mr. Feng Zhang, Chief Executive Officer of FinVolution Group, commented, "The receipt of the certifications from CVERC is a clear testament to our efforts and competency in safeguarding user information and protecting their privacy, and further solidify our competitive advantage in terms of regulatory compliance. We remain committed to the highest operational standard and continue to advance our technological capabilities in enhancing cyber security. Meanwhile, we will leverage our cooperation with institutional funding partners to provide secure and convenient services for our users." CVERC is the official agency for anti-virus internet security and the designated testing body for the "Special Crackdown on the Illegal Collection and Misuse of Personal Information by Apps" initiative by China's Ministry of Public Security. Safe Harbor Statement This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the Company's ability to attract and retain borrowers and investors on its marketplace, its ability to increase volume of loans facilitated through the Company's marketplace, its ability to introduce new loan products and platform enhancements, its ability to compete effectively, laws, regulations and governmental policies relating to the online consumer finance industry in China, general economic conditions in China, and the Company's ability to meet the standards necessary to maintain listing of its ADSs on the NYSE, including its ability to cure any non-compliance with the NYSE's continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and FinVolution does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. About FinVolution Group FinVolution Group is a leading fintech platform in China connecting underserved individual borrowers with financial institutions. Established in 2007, the Company is a pioneer in China's online consumer finance industry and has developed innovative technologies and has accumulated in-depth experience in the core areas of credit risk assessment, fraud detection, big data and artificial intelligence. The Company's platform, empowered by proprietary cutting-edge technologies, features a highly automated loan transaction process, which enables a superior user experience. As of March 31, 2020, the Company had over 108.3 million cumulative registered users. For more information, please visit: http://ir.finvgroup.com. For investor and media inquiries, please contact: In China:FinVolution GroupHead of Investor RelationsJimmy TanTel: +86 (21) 8030 3200- Ext 8601E-mail: [emailprotected] The Piacente Group, Inc.Jenny CaiTel: +86 (10) 6508-0677E-mail: [emailprotected] In the United States:The Piacente Group, Inc. Brandi PiacenteTel: +1-212-481-2050E-mail: [emailprotected] SOURCE FinVolution Group Answer:
FinVolution Group Receives APP Security and Information Security Certifications from China's CVERC
SHANGHAI, June 12, 2020 /PRNewswire/ -- FinVolution Group ("FinVolution", or the "Company") (NYSE: FINV), a leading fintech platform in China, today announced that its fintech application, PPDAI App, has received both the APP Security Certification and the APP Information Security Certification with level 3 rating, the highest rating level in security evaluation standard, from China National Computer Virus Emergency Response Center ("CVERC"). Safeguarding user information and protecting user privacy is paramount in FinVolution Group's operation since its inception. The Company has established a comprehensive administrative mechanism and standardized employee training system for stringent information security management. FinVolution has also been deploying innovative technologies to promote user data protection. For example, the Company launched a Smart Finance Institute in 2018 for research and development in the field of artificial intelligence that can be applied in various aspects of financial services. In addition, FinVolution is also a member of the National Information Security Standardization Technical Committee and Mobile Application (APP) Security Committee, maintaining up to date knowledge and compliant regarding the latest cyber-security regulatory requirements. Mr. Feng Zhang, Chief Executive Officer of FinVolution Group, commented, "The receipt of the certifications from CVERC is a clear testament to our efforts and competency in safeguarding user information and protecting their privacy, and further solidify our competitive advantage in terms of regulatory compliance. We remain committed to the highest operational standard and continue to advance our technological capabilities in enhancing cyber security. Meanwhile, we will leverage our cooperation with institutional funding partners to provide secure and convenient services for our users." CVERC is the official agency for anti-virus internet security and the designated testing body for the "Special Crackdown on the Illegal Collection and Misuse of Personal Information by Apps" initiative by China's Ministry of Public Security. Safe Harbor Statement This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the Company's ability to attract and retain borrowers and investors on its marketplace, its ability to increase volume of loans facilitated through the Company's marketplace, its ability to introduce new loan products and platform enhancements, its ability to compete effectively, laws, regulations and governmental policies relating to the online consumer finance industry in China, general economic conditions in China, and the Company's ability to meet the standards necessary to maintain listing of its ADSs on the NYSE, including its ability to cure any non-compliance with the NYSE's continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and FinVolution does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. About FinVolution Group FinVolution Group is a leading fintech platform in China connecting underserved individual borrowers with financial institutions. Established in 2007, the Company is a pioneer in China's online consumer finance industry and has developed innovative technologies and has accumulated in-depth experience in the core areas of credit risk assessment, fraud detection, big data and artificial intelligence. The Company's platform, empowered by proprietary cutting-edge technologies, features a highly automated loan transaction process, which enables a superior user experience. As of March 31, 2020, the Company had over 108.3 million cumulative registered users. For more information, please visit: http://ir.finvgroup.com. For investor and media inquiries, please contact: In China:FinVolution GroupHead of Investor RelationsJimmy TanTel: +86 (21) 8030 3200- Ext 8601E-mail: [emailprotected] The Piacente Group, Inc.Jenny CaiTel: +86 (10) 6508-0677E-mail: [emailprotected] In the United States:The Piacente Group, Inc. Brandi PiacenteTel: +1-212-481-2050E-mail: [emailprotected] SOURCE FinVolution Group
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: LONDON--(BUSINESS WIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the Code) 1. KEY INFORMATION (a) Full name of discloser: Barclays PLC. (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree TELIT COMMUNICATIONS PLC (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure 30 DEC 2020 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state N/A YES : U-BLOX HOLDING AG 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) (1) 850,495 0.64% 26,602 0.02% (2) 26,602 0.02% 844,225 0.63% (3) 0 0.00% 0 0.00% 877,097 0.66% 870,827 0.65% All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales 45 1,000 1,115 14,207 50,000 1,115 1,598 3,924 12,609 (b) Cash-settled derivative transactions 3,879 1,000 50,000 (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state none None (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state none None (c) Attachments Is a Supplemental Form 8 (Open Positions) attached? NO Date of disclosure: 31 DEC 2020 Contact name: Large Holdings Regulatory Operations Telephone number*: 020 3134 7213 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panels Market Surveillance Unit is available for consultation in relation to the Codes disclosure requirements on +44 (0)20 7638 0129. *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panels Market Surveillance Unit. The Code can be viewed on the Panels website at www.thetakeoverpanel.org.uk. Answer:
Form 8.3 -TELIT COMMUNICATIONS PLC
LONDON--(BUSINESS WIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the Code) 1. KEY INFORMATION (a) Full name of discloser: Barclays PLC. (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree TELIT COMMUNICATIONS PLC (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure 30 DEC 2020 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state N/A YES : U-BLOX HOLDING AG 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) (1) 850,495 0.64% 26,602 0.02% (2) 26,602 0.02% 844,225 0.63% (3) 0 0.00% 0 0.00% 877,097 0.66% 870,827 0.65% All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales 45 1,000 1,115 14,207 50,000 1,115 1,598 3,924 12,609 (b) Cash-settled derivative transactions 3,879 1,000 50,000 (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state none None (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state none None (c) Attachments Is a Supplemental Form 8 (Open Positions) attached? NO Date of disclosure: 31 DEC 2020 Contact name: Large Holdings Regulatory Operations Telephone number*: 020 3134 7213 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panels Market Surveillance Unit is available for consultation in relation to the Codes disclosure requirements on +44 (0)20 7638 0129. *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panels Market Surveillance Unit. The Code can be viewed on the Panels website at www.thetakeoverpanel.org.uk.
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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: Accretive Transaction Delivers Revenues and Positive Contribution to AUSA EBITDA ALPS Business Accelerating - Contracts Signed in Past 5 Weeks for Total North of $5 Million ALPS Core Element in AUSA's Unique Capital-Light Expansion Strategy Terry Booth to Take the Helm as CEO upon Closing LAS VEGAS, Feb. 24, 2021 /PRNewswire/ -Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) ("AUSA" or the "Company") announced today that, further to its press release dated January 5, 2021, the Company has entered into a definitive agreement (the "Definitive Agreement") with the principals of ALPS for the acquisition of 51% of the issued and outstanding shares in ALPS (the "ALPS Transaction"). The Definitive Agreement has an option permitting the Company to acquire the remaining 49%. Furthermore, the ALPS Transaction also includes the appointment of Terry Booth as AUSA's CEO upon completion. Accretive Transaction to Deliver Rapid Growth Since its management buyout from Aurora Cannabis in May 2020, ALPS has rapidly built a blue-chip roster of global customers and a growing pipeline of potential new deals. ALPS currently is executing on a number of contracts, including four that were signed and announced in the past month: Aurora Cannabis - Annual ongoing services contract, multiple locations globally Cann Group - Cannabis facility contract + APIS extended services contract in Australia Multiple undisclosed cannabis related contracts in the U.S. Bluehouse Greenhouse 62 acre vegetable facility contract in California, U.S. Vertical Harvest 200,000 sqft multi-level urban facility contract in Wyoming, U.S. Aldershot Greenhouses 200,000 sqft facility expansion contract in Ontario, Canada 200,000 sqft small plant production facility in Finland 20,000 sqft crop research facility in northern U.S. Tropica facility for the cultivation of aquarium plants in Germany McMaster University, life Science Centre, Ontario, Canada Queen, Denmark ornamental plants Middle East large fruit & vegetable facility The ALPS Transaction, upon closing, will be immediately accretive to AUSA results, with further material growth anticipated in the coming months. Enabling Capital-Light Strategy Execution In addition to delivering profitable revenue growth to AUSA, the ALPS Transaction is a key enabler of the Company's strategy to secure access to low-cost, hi-quality biomass to fuel the scale up of its brands. The ALPS Transaction, and the pending acquisition of Green Therapeutics LLC ("GT") by the Company (the "GT Transaction"), which is progressing well towards completion, signals a pivot for AUSA from investment company to becoming a formidable, highly recognizable MSO. The U.S. cannabis space continues to grow at a high rate and is anticipated to reach in excess of $40 billion by 20251. Executing on this opportunity requires strong brands, agility, and a tight Capex and OpEx operating model that the AUSA strategy accounts for. With the change in the Senate and the White House, regulatory changes in the U.S. cannabis industry are considered by many to be inevitable. This will bode well for all participants in the industry. While other companies use third-party cultivated inputs for the manufacturing of their products, the AUSA model, through leveraging ALPS IP with its partners, is expected to result in a strongly reduced cost of goods sold. Furthermore, ALPS' three decades of experience in optimized facility design results in high-quality, high yield products at low operating expenses, further strengthening the AUSA brand proposition. Consequently, through its ownership of ALPS, AUSA with its strong network will look to set the standard of cannabis cultivation, processing and manufacturing globally. With the ALPS Transaction comes the iconic, award winning west coast brand Mr. Natural, while the GT Transaction will bring further high-end award-winning brands: GT Flowers, Tsunami and Provisions. These transactions set up AUSA to expand its footprint across the U.S. and make these brands available to all consumers and patients. _______________ 1Source: Cowen & Company, Vivien Azer and team Rapid Growth More to Come ALPS has built a rapidly expanding business development pipeline and is in advanced negotiations on potential projects with a total CapEx in excess of $2.5 billion. The Company anticipates that ALPS will convert on multiple opportunities in the coming months, and management anticipates delivering accelerated, profitable growth through the ALPS Transaction. The Company has identified a number of significant growth catalysts for the ALPS business: Growing demand in the legal cannabis sector, including lifecycle-related demand for facility upgrades. Longer term, the potential legalization of cannabis at the U.S. federal level is likely to create demand for massive-scale, centralized cultivation facilities, in which ALPS is the global leader. Growing demand for high-tech facilities for more traditional crops such as soft berries and vegetables, as well as facilities for newly popular crops (e.g. algae, in which ALPS has unique expertise), creates further growth momentum and de-risks the value proposition. Additional momentum is created by the drive for operations to become more sustainable, which includes increased demand for self-sufficiency by cities, regions and countries ('grown by locals for locals.' The Company is working on three such projects). ALPS' new compliance and data-driven service offering, APIS, is designed to create a high-margin, recurring revenue stream. Developed using over three decades of design and operational experience, APIS has been resonating strongly with operators, and interest in this new solution is strong with demand coming both from the regulated cannabis sector and more traditional horticulture market segments. The Company recently signed its first APIS contract with Cann Group in Australia, and management anticipates consistent conversion on opportunities currently in its business development pipeline. Management Changes As announced on January 5, 2021, upon completion of the ALPS Transaction, Terry Booth, former CEO of Aurora Cannabis, will become CEO of the Company. Dr. Duke Fu, currently Interim CEO, will take on the role of COO of the Company. Management Commentary "With the completion of the Definitive Agreement, we continue to execute at a rapid pace," stated Dr. Duke Fu, Interim CEO of AUSA. "We are focused on building significant shareholder value, which is reflected in the transaction terms that are EBITDA weighted and back-end loaded through the earn-out provisions." Terry Booth, who will become CEO of AUSA upon completion of the ALPS Transaction, added, "The ALPS Transaction and the GT acquisition are the first steps in combining forces to build a strong and very hard to imitate MSO in the U.S. cannabis space. The opportunity for the cannabis industry has never been greater. Political changes towards acceptance of cannabis in the U.S. will, we believe, drive major regulatory changes in short order. We anticipate that this will result in an exponentially greater opportunity for all cannabis companies in the U.S., and especially for those that are well differentiated, such as AUSA. We strongly believe that with our assets, team, experience and vision, we have what it takes to build the next generation of MSO, delivering substantial growth with a strong focus on high-quality, resulting in superior brands and an enhanced bottom line. The ALPS standard in cultivation and compliance will continue to set the industry benchmark globally, and will be reflected across all of AUSA's operations." Board member Avi Geller and Chairperson of AUSA's Compensation and Nominating committee, stated, "We are very pleased with the rapid progress made at AUSA with the new leadership team taking over. The Company is in the late-stage completion of two significant and accretive transactions that will set the stage for success in the U.S. cannabis market. Our Compensation and Nominating committee is focused on attracting the very best talent in every vertical that we intend entering into, be it cannabis or traditional crops, and we have made significant appointments. We are engaged in multiple negotiations that are progressing well, and have significantly stepped up our efforts to engage with shareholders and other stakeholders. We are proud of the progress made and look forward to reporting on our rapid development as management continues to execute." Completion timeline Management anticipates completion of the ALPS Transaction within the next 7 days, subject to satisfaction of customary closing conditions, with the ALPS results to be consolidated in the AUSA accounts from the closing date going forward. ALPS Transaction details Under the terms of the Definitive Agreement, AUSA will pay to the ALPS principals between $13.7 million to a maximum of $25.94 million in total consideration for a 51% interest in ALPS and the option, exercisable by the Company at any time for three years after closing of the ALPS Transaction ("Closing"), to acquire the additional 49% interest in ALPS for additional consideration. The consideration will be paid based on various milestones and adjustments as set out below. Initial Consideration(i) $10,000,000 paid through either the issuance of common shares of AUSA ("AUSA Shares") valued at a deemed price of $0.20 per AUSA Share, or in cash, or a mixture of both at the election of AUSA on Closing;(ii) $2,000,000 paid in cash on Closing; and(iii) a $1,700,000 indemnity holdback (the "Indemnity Holdback"), payable eighteen 18 months after Closing, adjusted for any indemnity claim made by AUSA pursuant to the terms of the Definitive Agreement. The Indemnity Holdback payment, if any, may be paid, at the election of AUSA in cash or AUSA Shares at a deemed price per AUSA Share equal to the greater of (i) the 10-day volume weighted average price calculated from the payment date and (ii) $0.14625. Milestone Consideration Pursuant to the Definitive Agreement, AUSA is also responsible to pay to the ALPS principals the following milestone-based payments: The maximum milestone payments (the "Milestone Payments") that will payable, assuming full satisfaction of all milestones and the exercise of the option will be $24 million, payable in six installments, commencing no earlier than September 30, 2022; Each Milestone Payment will be calculated against revenue (3 payments) and EBITDA (3 payments) targets, related to 12 consecutive month periods between July 1, 2021 and as late as December 31, 2025. The actual Milestone Payments are capped at $8 million per 12-month period (up to $24 million in total), contingent on actual performance. The maximum Milestone Payments of $24 million are payable upon ALPS achieving cumulative revenues of $108.7 million with cumulative EBITDA of $48.9 million. The first calculation period commences on July 1, 2021 and such period will end, at the option of the ALPS principals subject to ALPS achieving certain revenue and EBITDA milestones, on June 30, 2022 or September 30, 2022 and in any event no later than December 31, 2022. The second calculation period commences on the day following the last day of the first calculation period and may end, at the option of the ALPS principals subject to ALPS achieving certain revenue and EBITDA milestones, on the 12 month or 15 month, and in any event no later than the 18 month anniversary, of the commencement of the second calculation period. The third calculation period commences on the day following the last day of the second calculation period and will end, at the option of the ALPS principals subject to ALPS achieving certain revenue and EBITDA milestones, on the 12 month or 15 month, and in any event no later than the 18 month anniversary, of the commencement of the third calculation period. If a Milestone Payment becomes payable by AUSA prior to AUSA's exercise of the option (the "ALPS Purchase Option") to acquire the remaining 49% interest in ALPS, such payment will be 51% of the applicable Milestone Payment. The number of AUSA Shares to be issued by AUSA in connection with the payment of the Milestone Payment or the payment for the exercise of the ALPS Purchase Option will be calculated by dividing the amount payable by an amount equal to the greater of (a) the volume-weighted average trading price of the AUSA Shares on the Canadian Securities Exchange (the "CSE") for the ten trading days immediately prior to the applicable payment date and (b) $0.14625. The Definitive Agreement contains a provision that if an any transaction (or one or more related transactions) pursuant to which any person (other than the ALPS principals or those acting jointly and in concert with them) is or becomes the beneficial owner, directly or indirectly, of securities AUSA representing fifty percent or more of the total voting power represented by AUSA's outstanding voting securities, without the approval of the board of directors of AUSA, then AUSA shall exercise the option to acquire the remaining 49% of the shares of ALPS (if not already exercised) and pay the remaining Milestone Payments for periods not then expired and the Indemnity Holdback (if not already repaid). Additional details with respect to the ALPS Purchase Option are as set forth in the January 5, 2021 press release. A copy of the Definitive Agreement will be filed under the Company's profile on SEDAR. About ALPS ALPS, formerly Aurora Larssen Projects, is a global leader in facility design, construction management and (post) commissioning services to the horticultural sector across a wide variety of commercial crops. Going back over 30 years, ALPS has built a stellar reputation as the leading innovator for greenhouse, indoor and outdoor facility design, with over 100 million square feet of projects under its belt. The Company's approach centers on vendor agnostic designs geared towards optimizing economic returns under all possible market and environmental conditions. In the past seven years, ALPS has established itself as a leader in the cannabis space, having been involved in over 50 projects globally, including the highly automated, low-cost, high-quality, 800,000+ sq. ft, flagship facility Aurora Sky. 'Designed by ALPS' has become a badge synonymous with quality and a high return on investment. ALPS' leadership in the industry is due to a number of strongly differentiating factors: Technology choice:Most of ALPS' competitors are builders providing their own products. ALPS, on the other hand, is vendor agnostic and will always design what is the optimal solution for its clients. This ensures ALPS is able, if needed, to always incorporate the newest innovations into its designs without having the overhang of legacy systems. This approach resonates strongly with growers who fully understand the intrinsic value of technology choice. Optimized localized solutions:ALPS pre-project services identify the optimal solutions based on local climate, power availability, utility, costs, labor availability, desired output and quality. These findings support the long-term value of the facility, ensuring costs align with expected margins. Economic optimization based on real life experience:Having been involved post commissioning in the operation of many facilities, ALPS understands the challenges growers will face once facilities are up and running, and adapts its solutions accordingly. Enhanced economic returns through post-commissioning service offering:ALPS' deep operational experience has resulted in the development of a unique suite of post commissioning service offerings. These offerings enable growers to reduce operating costs, maintenance and related CapEx, while extending a facility's economic lifespan. This further reduces economic and operational risks, setting ALPS apart from its 'design and construction only' peers. Intellectual Property:ALPS is a master ofControlled Environment Agriculture, an ability enhanced by its deep experience indeveloping high-quality, high throughput facilities, including those that must adhere to GACP/GMP regulations,as well as proprietary product offerings. For instance, ALPS has developed unique IP around climate delivery, which results in cost savings as well as higher product quality and yields with reduced disease risk. Scale:the scale of the ALPS organization provides competitive advantages through the accumulation of in-house talent across a wide range of specializations which is difficult to emulate. Partnerships:ALPS is the partner of choice for many vendors who are willing to co-develop proprietary solutions available only to ALPS customers.Furthermore, the assurance ALPS provides to vendors as a representative of both client and vendor ensures both parties align from the start of a project, reducing surprises and cost overruns during the life of the project. As a consequence, ALPS can negotiate cost-savings for the client that would otherwise be unavailable if the client went to a vendor directly. Brand:The quality of design, project management, commissioning, project handover, and post-commissioning services mean that ALPS' customer satisfaction is exceptionally high, delivering significant brand equity, as well as strengthening vendors' willingness to partner with ALPS. The "ALPS Standard" also provides considerable brand equity towards consumers of the end products, strengthening a client's market position. Compliance:APIS, the Company's new compliance and data driven service offering, enables growers tode-risk compliance and regulatory based concerns.APIS is a powerful tool designed to integrate multiple systems into a single source of data and information. It provides secure dashboards, track-and-trace functionality, as well as quick access to retrievable data useful for production personnel, facility owners, auditors, and data analysis. However, APIS is not just for regulated markets like cannabis; it also provides operational insight and controls for traditional vegetable and non-vegetable crops. This is called Industrialized Greenhouse Management. Quality of design, execution and innovation have enabled ALPS to grow rapidly, and the company currently serves customers across the globe. About AUSA AUSA is implementing a growth strategy towards establishing a highly competitive and profitable MSO in the U.S. and global cannabis markets. AUSA is closing a transaction for 51% ownership of ALPS, the world's premier design, construction management, commissioning and post commissioning consultancy for horticultural crops, such as cannabis, fruits, vegetables, mushrooms and algae. The Company also holds an option for the acquisition of the remaining 49% of ALPS. AUSA is currently working towards the closing of a transaction whereby it will acquire 100% of the membership interest in Green Therapeutics LLC, an award-winning MSO with operations in Nevada, Missouri and Oklahoma. Through GT and ALPS, the Company believes it will be able to secure low-cost access to cannabis biomass to fuel the scale up of its award-winning brands across the U.S. and global cannabis markets. AUSA's other business and assets include investments in ALPS, Cocoon, Body and Mind Inc., Quality Green, Folium Biosciences, and land assets in Washington and Michigan. The Company's common shares trade on the CSE under the symbol "AUSA" and on the OTCQB under the symbol "AUSAF". For further information about AUSA, please contact: Marc Lakmaaker[emailprotected]T: +1.647.289.6640 Forward-Looking Statement This press release contains "forward-looking information" within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein is forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budgets", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. In particular, this press release contains forward-looking information in relation to: the timing and ability to close the proposed transactions with GT and ALPS; the anticipated development of the GT and ALPS businesses; the ability of the Company to execute on its strategy to establish a low capex model MSO; the impact of the changes to U.S. federal and state developments with respect to the cannabis industry and the opportunities this may present for the Company. This forward-looking information reflects the Company's current beliefs and is based on information currently available to the Company and on assumptions the Company believes are reasonable. These assumptions include, but are not limited to: the ability of the Company to successfully satisfy the conditions to closing the ALPS and GT transactions; the ability of management of ALPS, GT and the Company to successfully execute on their respective business plans; legal changes relating to the cannabis industry proceeding as anticipated; and the Company's continued response and ability to navigate the COVID-19 pandemic being consistent with, or better than, its ability and response to date. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: general business, economic,competitive, political and social uncertainties; general capital market conditions and market prices for securities; the actual results of the Company's future operations; competition; changes in legislation affecting the Company; the timing and availability of external financing on acceptable terms; lack of qualified, skilled labour or loss of key individuals; risks related to the COVID-19 pandemic. EBITDA is a Non-IFRS measure. Earnings before interest, taxes, depreciation and amortization ("EBITDA") should not be construed as alternatives to net income/loss determined in accordance with IFRS. EBITDA does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. The Company believes that EBITDA is a meaningful financial metric as it measures cash generated from operations, which the Company can use to fund working capital requirements and fund future growth initiatives. A description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR website at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Readers are cautioned that the foregoing list of factors is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking information contained in this press release is expressly qualified by this cautionary statement. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, are subject to change after such date. However, the Company expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law. The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accept responsibility for the adequacy or accuracy of this release. SOURCE Australis Capital Inc. Related Links www.ausa-corp.com Answer:
Australis Completes Definitive Agreement to Acquire 51% Stake in ALPS
Accretive Transaction Delivers Revenues and Positive Contribution to AUSA EBITDA ALPS Business Accelerating - Contracts Signed in Past 5 Weeks for Total North of $5 Million ALPS Core Element in AUSA's Unique Capital-Light Expansion Strategy Terry Booth to Take the Helm as CEO upon Closing LAS VEGAS, Feb. 24, 2021 /PRNewswire/ -Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) ("AUSA" or the "Company") announced today that, further to its press release dated January 5, 2021, the Company has entered into a definitive agreement (the "Definitive Agreement") with the principals of ALPS for the acquisition of 51% of the issued and outstanding shares in ALPS (the "ALPS Transaction"). The Definitive Agreement has an option permitting the Company to acquire the remaining 49%. Furthermore, the ALPS Transaction also includes the appointment of Terry Booth as AUSA's CEO upon completion. Accretive Transaction to Deliver Rapid Growth Since its management buyout from Aurora Cannabis in May 2020, ALPS has rapidly built a blue-chip roster of global customers and a growing pipeline of potential new deals. ALPS currently is executing on a number of contracts, including four that were signed and announced in the past month: Aurora Cannabis - Annual ongoing services contract, multiple locations globally Cann Group - Cannabis facility contract + APIS extended services contract in Australia Multiple undisclosed cannabis related contracts in the U.S. Bluehouse Greenhouse 62 acre vegetable facility contract in California, U.S. Vertical Harvest 200,000 sqft multi-level urban facility contract in Wyoming, U.S. Aldershot Greenhouses 200,000 sqft facility expansion contract in Ontario, Canada 200,000 sqft small plant production facility in Finland 20,000 sqft crop research facility in northern U.S. Tropica facility for the cultivation of aquarium plants in Germany McMaster University, life Science Centre, Ontario, Canada Queen, Denmark ornamental plants Middle East large fruit & vegetable facility The ALPS Transaction, upon closing, will be immediately accretive to AUSA results, with further material growth anticipated in the coming months. Enabling Capital-Light Strategy Execution In addition to delivering profitable revenue growth to AUSA, the ALPS Transaction is a key enabler of the Company's strategy to secure access to low-cost, hi-quality biomass to fuel the scale up of its brands. The ALPS Transaction, and the pending acquisition of Green Therapeutics LLC ("GT") by the Company (the "GT Transaction"), which is progressing well towards completion, signals a pivot for AUSA from investment company to becoming a formidable, highly recognizable MSO. The U.S. cannabis space continues to grow at a high rate and is anticipated to reach in excess of $40 billion by 20251. Executing on this opportunity requires strong brands, agility, and a tight Capex and OpEx operating model that the AUSA strategy accounts for. With the change in the Senate and the White House, regulatory changes in the U.S. cannabis industry are considered by many to be inevitable. This will bode well for all participants in the industry. While other companies use third-party cultivated inputs for the manufacturing of their products, the AUSA model, through leveraging ALPS IP with its partners, is expected to result in a strongly reduced cost of goods sold. Furthermore, ALPS' three decades of experience in optimized facility design results in high-quality, high yield products at low operating expenses, further strengthening the AUSA brand proposition. Consequently, through its ownership of ALPS, AUSA with its strong network will look to set the standard of cannabis cultivation, processing and manufacturing globally. With the ALPS Transaction comes the iconic, award winning west coast brand Mr. Natural, while the GT Transaction will bring further high-end award-winning brands: GT Flowers, Tsunami and Provisions. These transactions set up AUSA to expand its footprint across the U.S. and make these brands available to all consumers and patients. _______________ 1Source: Cowen & Company, Vivien Azer and team Rapid Growth More to Come ALPS has built a rapidly expanding business development pipeline and is in advanced negotiations on potential projects with a total CapEx in excess of $2.5 billion. The Company anticipates that ALPS will convert on multiple opportunities in the coming months, and management anticipates delivering accelerated, profitable growth through the ALPS Transaction. The Company has identified a number of significant growth catalysts for the ALPS business: Growing demand in the legal cannabis sector, including lifecycle-related demand for facility upgrades. Longer term, the potential legalization of cannabis at the U.S. federal level is likely to create demand for massive-scale, centralized cultivation facilities, in which ALPS is the global leader. Growing demand for high-tech facilities for more traditional crops such as soft berries and vegetables, as well as facilities for newly popular crops (e.g. algae, in which ALPS has unique expertise), creates further growth momentum and de-risks the value proposition. Additional momentum is created by the drive for operations to become more sustainable, which includes increased demand for self-sufficiency by cities, regions and countries ('grown by locals for locals.' The Company is working on three such projects). ALPS' new compliance and data-driven service offering, APIS, is designed to create a high-margin, recurring revenue stream. Developed using over three decades of design and operational experience, APIS has been resonating strongly with operators, and interest in this new solution is strong with demand coming both from the regulated cannabis sector and more traditional horticulture market segments. The Company recently signed its first APIS contract with Cann Group in Australia, and management anticipates consistent conversion on opportunities currently in its business development pipeline. Management Changes As announced on January 5, 2021, upon completion of the ALPS Transaction, Terry Booth, former CEO of Aurora Cannabis, will become CEO of the Company. Dr. Duke Fu, currently Interim CEO, will take on the role of COO of the Company. Management Commentary "With the completion of the Definitive Agreement, we continue to execute at a rapid pace," stated Dr. Duke Fu, Interim CEO of AUSA. "We are focused on building significant shareholder value, which is reflected in the transaction terms that are EBITDA weighted and back-end loaded through the earn-out provisions." Terry Booth, who will become CEO of AUSA upon completion of the ALPS Transaction, added, "The ALPS Transaction and the GT acquisition are the first steps in combining forces to build a strong and very hard to imitate MSO in the U.S. cannabis space. The opportunity for the cannabis industry has never been greater. Political changes towards acceptance of cannabis in the U.S. will, we believe, drive major regulatory changes in short order. We anticipate that this will result in an exponentially greater opportunity for all cannabis companies in the U.S., and especially for those that are well differentiated, such as AUSA. We strongly believe that with our assets, team, experience and vision, we have what it takes to build the next generation of MSO, delivering substantial growth with a strong focus on high-quality, resulting in superior brands and an enhanced bottom line. The ALPS standard in cultivation and compliance will continue to set the industry benchmark globally, and will be reflected across all of AUSA's operations." Board member Avi Geller and Chairperson of AUSA's Compensation and Nominating committee, stated, "We are very pleased with the rapid progress made at AUSA with the new leadership team taking over. The Company is in the late-stage completion of two significant and accretive transactions that will set the stage for success in the U.S. cannabis market. Our Compensation and Nominating committee is focused on attracting the very best talent in every vertical that we intend entering into, be it cannabis or traditional crops, and we have made significant appointments. We are engaged in multiple negotiations that are progressing well, and have significantly stepped up our efforts to engage with shareholders and other stakeholders. We are proud of the progress made and look forward to reporting on our rapid development as management continues to execute." Completion timeline Management anticipates completion of the ALPS Transaction within the next 7 days, subject to satisfaction of customary closing conditions, with the ALPS results to be consolidated in the AUSA accounts from the closing date going forward. ALPS Transaction details Under the terms of the Definitive Agreement, AUSA will pay to the ALPS principals between $13.7 million to a maximum of $25.94 million in total consideration for a 51% interest in ALPS and the option, exercisable by the Company at any time for three years after closing of the ALPS Transaction ("Closing"), to acquire the additional 49% interest in ALPS for additional consideration. The consideration will be paid based on various milestones and adjustments as set out below. Initial Consideration(i) $10,000,000 paid through either the issuance of common shares of AUSA ("AUSA Shares") valued at a deemed price of $0.20 per AUSA Share, or in cash, or a mixture of both at the election of AUSA on Closing;(ii) $2,000,000 paid in cash on Closing; and(iii) a $1,700,000 indemnity holdback (the "Indemnity Holdback"), payable eighteen 18 months after Closing, adjusted for any indemnity claim made by AUSA pursuant to the terms of the Definitive Agreement. The Indemnity Holdback payment, if any, may be paid, at the election of AUSA in cash or AUSA Shares at a deemed price per AUSA Share equal to the greater of (i) the 10-day volume weighted average price calculated from the payment date and (ii) $0.14625. Milestone Consideration Pursuant to the Definitive Agreement, AUSA is also responsible to pay to the ALPS principals the following milestone-based payments: The maximum milestone payments (the "Milestone Payments") that will payable, assuming full satisfaction of all milestones and the exercise of the option will be $24 million, payable in six installments, commencing no earlier than September 30, 2022; Each Milestone Payment will be calculated against revenue (3 payments) and EBITDA (3 payments) targets, related to 12 consecutive month periods between July 1, 2021 and as late as December 31, 2025. The actual Milestone Payments are capped at $8 million per 12-month period (up to $24 million in total), contingent on actual performance. The maximum Milestone Payments of $24 million are payable upon ALPS achieving cumulative revenues of $108.7 million with cumulative EBITDA of $48.9 million. The first calculation period commences on July 1, 2021 and such period will end, at the option of the ALPS principals subject to ALPS achieving certain revenue and EBITDA milestones, on June 30, 2022 or September 30, 2022 and in any event no later than December 31, 2022. The second calculation period commences on the day following the last day of the first calculation period and may end, at the option of the ALPS principals subject to ALPS achieving certain revenue and EBITDA milestones, on the 12 month or 15 month, and in any event no later than the 18 month anniversary, of the commencement of the second calculation period. The third calculation period commences on the day following the last day of the second calculation period and will end, at the option of the ALPS principals subject to ALPS achieving certain revenue and EBITDA milestones, on the 12 month or 15 month, and in any event no later than the 18 month anniversary, of the commencement of the third calculation period. If a Milestone Payment becomes payable by AUSA prior to AUSA's exercise of the option (the "ALPS Purchase Option") to acquire the remaining 49% interest in ALPS, such payment will be 51% of the applicable Milestone Payment. The number of AUSA Shares to be issued by AUSA in connection with the payment of the Milestone Payment or the payment for the exercise of the ALPS Purchase Option will be calculated by dividing the amount payable by an amount equal to the greater of (a) the volume-weighted average trading price of the AUSA Shares on the Canadian Securities Exchange (the "CSE") for the ten trading days immediately prior to the applicable payment date and (b) $0.14625. The Definitive Agreement contains a provision that if an any transaction (or one or more related transactions) pursuant to which any person (other than the ALPS principals or those acting jointly and in concert with them) is or becomes the beneficial owner, directly or indirectly, of securities AUSA representing fifty percent or more of the total voting power represented by AUSA's outstanding voting securities, without the approval of the board of directors of AUSA, then AUSA shall exercise the option to acquire the remaining 49% of the shares of ALPS (if not already exercised) and pay the remaining Milestone Payments for periods not then expired and the Indemnity Holdback (if not already repaid). Additional details with respect to the ALPS Purchase Option are as set forth in the January 5, 2021 press release. A copy of the Definitive Agreement will be filed under the Company's profile on SEDAR. About ALPS ALPS, formerly Aurora Larssen Projects, is a global leader in facility design, construction management and (post) commissioning services to the horticultural sector across a wide variety of commercial crops. Going back over 30 years, ALPS has built a stellar reputation as the leading innovator for greenhouse, indoor and outdoor facility design, with over 100 million square feet of projects under its belt. The Company's approach centers on vendor agnostic designs geared towards optimizing economic returns under all possible market and environmental conditions. In the past seven years, ALPS has established itself as a leader in the cannabis space, having been involved in over 50 projects globally, including the highly automated, low-cost, high-quality, 800,000+ sq. ft, flagship facility Aurora Sky. 'Designed by ALPS' has become a badge synonymous with quality and a high return on investment. ALPS' leadership in the industry is due to a number of strongly differentiating factors: Technology choice:Most of ALPS' competitors are builders providing their own products. ALPS, on the other hand, is vendor agnostic and will always design what is the optimal solution for its clients. This ensures ALPS is able, if needed, to always incorporate the newest innovations into its designs without having the overhang of legacy systems. This approach resonates strongly with growers who fully understand the intrinsic value of technology choice. Optimized localized solutions:ALPS pre-project services identify the optimal solutions based on local climate, power availability, utility, costs, labor availability, desired output and quality. These findings support the long-term value of the facility, ensuring costs align with expected margins. Economic optimization based on real life experience:Having been involved post commissioning in the operation of many facilities, ALPS understands the challenges growers will face once facilities are up and running, and adapts its solutions accordingly. Enhanced economic returns through post-commissioning service offering:ALPS' deep operational experience has resulted in the development of a unique suite of post commissioning service offerings. These offerings enable growers to reduce operating costs, maintenance and related CapEx, while extending a facility's economic lifespan. This further reduces economic and operational risks, setting ALPS apart from its 'design and construction only' peers. Intellectual Property:ALPS is a master ofControlled Environment Agriculture, an ability enhanced by its deep experience indeveloping high-quality, high throughput facilities, including those that must adhere to GACP/GMP regulations,as well as proprietary product offerings. For instance, ALPS has developed unique IP around climate delivery, which results in cost savings as well as higher product quality and yields with reduced disease risk. Scale:the scale of the ALPS organization provides competitive advantages through the accumulation of in-house talent across a wide range of specializations which is difficult to emulate. Partnerships:ALPS is the partner of choice for many vendors who are willing to co-develop proprietary solutions available only to ALPS customers.Furthermore, the assurance ALPS provides to vendors as a representative of both client and vendor ensures both parties align from the start of a project, reducing surprises and cost overruns during the life of the project. As a consequence, ALPS can negotiate cost-savings for the client that would otherwise be unavailable if the client went to a vendor directly. Brand:The quality of design, project management, commissioning, project handover, and post-commissioning services mean that ALPS' customer satisfaction is exceptionally high, delivering significant brand equity, as well as strengthening vendors' willingness to partner with ALPS. The "ALPS Standard" also provides considerable brand equity towards consumers of the end products, strengthening a client's market position. Compliance:APIS, the Company's new compliance and data driven service offering, enables growers tode-risk compliance and regulatory based concerns.APIS is a powerful tool designed to integrate multiple systems into a single source of data and information. It provides secure dashboards, track-and-trace functionality, as well as quick access to retrievable data useful for production personnel, facility owners, auditors, and data analysis. However, APIS is not just for regulated markets like cannabis; it also provides operational insight and controls for traditional vegetable and non-vegetable crops. This is called Industrialized Greenhouse Management. Quality of design, execution and innovation have enabled ALPS to grow rapidly, and the company currently serves customers across the globe. About AUSA AUSA is implementing a growth strategy towards establishing a highly competitive and profitable MSO in the U.S. and global cannabis markets. AUSA is closing a transaction for 51% ownership of ALPS, the world's premier design, construction management, commissioning and post commissioning consultancy for horticultural crops, such as cannabis, fruits, vegetables, mushrooms and algae. The Company also holds an option for the acquisition of the remaining 49% of ALPS. AUSA is currently working towards the closing of a transaction whereby it will acquire 100% of the membership interest in Green Therapeutics LLC, an award-winning MSO with operations in Nevada, Missouri and Oklahoma. Through GT and ALPS, the Company believes it will be able to secure low-cost access to cannabis biomass to fuel the scale up of its award-winning brands across the U.S. and global cannabis markets. AUSA's other business and assets include investments in ALPS, Cocoon, Body and Mind Inc., Quality Green, Folium Biosciences, and land assets in Washington and Michigan. The Company's common shares trade on the CSE under the symbol "AUSA" and on the OTCQB under the symbol "AUSAF". For further information about AUSA, please contact: Marc Lakmaaker[emailprotected]T: +1.647.289.6640 Forward-Looking Statement This press release contains "forward-looking information" within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein is forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budgets", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. In particular, this press release contains forward-looking information in relation to: the timing and ability to close the proposed transactions with GT and ALPS; the anticipated development of the GT and ALPS businesses; the ability of the Company to execute on its strategy to establish a low capex model MSO; the impact of the changes to U.S. federal and state developments with respect to the cannabis industry and the opportunities this may present for the Company. This forward-looking information reflects the Company's current beliefs and is based on information currently available to the Company and on assumptions the Company believes are reasonable. These assumptions include, but are not limited to: the ability of the Company to successfully satisfy the conditions to closing the ALPS and GT transactions; the ability of management of ALPS, GT and the Company to successfully execute on their respective business plans; legal changes relating to the cannabis industry proceeding as anticipated; and the Company's continued response and ability to navigate the COVID-19 pandemic being consistent with, or better than, its ability and response to date. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: general business, economic,competitive, political and social uncertainties; general capital market conditions and market prices for securities; the actual results of the Company's future operations; competition; changes in legislation affecting the Company; the timing and availability of external financing on acceptable terms; lack of qualified, skilled labour or loss of key individuals; risks related to the COVID-19 pandemic. EBITDA is a Non-IFRS measure. Earnings before interest, taxes, depreciation and amortization ("EBITDA") should not be construed as alternatives to net income/loss determined in accordance with IFRS. EBITDA does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. The Company believes that EBITDA is a meaningful financial metric as it measures cash generated from operations, which the Company can use to fund working capital requirements and fund future growth initiatives. A description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR website at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Readers are cautioned that the foregoing list of factors is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking information contained in this press release is expressly qualified by this cautionary statement. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, are subject to change after such date. However, the Company expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law. The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accept responsibility for the adequacy or accuracy of this release. SOURCE Australis Capital Inc. Related Links www.ausa-corp.com
edtsum664
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: NEW YORK, June 25, 2020 /PRNewswire/ -- The report on the global data wrangling market provides qualitative and quantitative analysis for the period from 2018 to 2026. Read the full report: https://www.reportlinker.com/p05916582/?utm_source=PRN The report predicts the global data wrangling market to grow with a CAGR of 18.5% over the forecast period from 2020-2026. The study on data wrangling market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2018 to 2026. The report on data wrangling market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global data wrangling market over the period of 2018 to 2026. Moreover, the report is a collective presentation of primary and secondary research findings. Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global data wrangling market over the period of 2018 to 2026. Further, IGR- Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider. Report Findings 1) Drivers Increasing volume of data and advancements in machine learning and AI technologies 2) Restraints Low awareness regarding data wrangling tools in SMEs 3) Opportunities Increasing regulatory pressure and growth in edge computing Research Methodology A) Primary Research Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include 1. Key Opinion Leaders 2. Internal and External subject matter experts 3. Professionals and participants from the industry Our primary research respondents typically include 1. Executives working with leading companies in the market under review 2. Product/brand/marketing managers 3. CXO level executives 4. Regional/zonal/ country managers 5. Vice President level executives. B) Secondary Research Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources.Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources. The secondary sources of the data typically include 1. Company reports and publications 2. Government/institutional publications 3. Trade and associations journals 4. Databases such as WTO, OECD, World Bank, and among others. 5. Websites and publications by research agencies Segment Covered The global data wrangling market is segmented on the basis of component, deployment mode, enterprise size, and end-user industry. The Global Data Wrangling Market by Component Tools Service The Global Data Wrangling Market by Deployment Mode Cloud-Based On-premises The Global Data Wrangling Market by Enterprise Size Large Enterprises SMEs The Global Data Wrangling Market by End-user Industry IT And Telecommunication Retail Government BFSI Healthcare Others Company Profiles SAS Institute Hitachi Vantara Corporation Oracle Corporation IBM Corporation Dataiku Datawatch Alteryx Talend TIBCO Software Informatica What does this report deliver? 1. Comprehensive analysis of the global as well as regional markets of the data wrangling market. 2. Complete coverage of all the segments in the data wrangling market to analyze the trends, developments in the global market and forecast of market size up to 2026. 3. Comprehensive analysis of the companies operating in the global data wrangling market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company. 4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.Read the full report: https://www.reportlinker.com/p05916582/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [emailprotected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker Related Links www.reportlinker.com Answer:
Global data wrangling market is expected to grow with a CAGR of 18.5% over the forecast period from 2020-2026
NEW YORK, June 25, 2020 /PRNewswire/ -- The report on the global data wrangling market provides qualitative and quantitative analysis for the period from 2018 to 2026. Read the full report: https://www.reportlinker.com/p05916582/?utm_source=PRN The report predicts the global data wrangling market to grow with a CAGR of 18.5% over the forecast period from 2020-2026. The study on data wrangling market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2018 to 2026. The report on data wrangling market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global data wrangling market over the period of 2018 to 2026. Moreover, the report is a collective presentation of primary and secondary research findings. Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global data wrangling market over the period of 2018 to 2026. Further, IGR- Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider. Report Findings 1) Drivers Increasing volume of data and advancements in machine learning and AI technologies 2) Restraints Low awareness regarding data wrangling tools in SMEs 3) Opportunities Increasing regulatory pressure and growth in edge computing Research Methodology A) Primary Research Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include 1. Key Opinion Leaders 2. Internal and External subject matter experts 3. Professionals and participants from the industry Our primary research respondents typically include 1. Executives working with leading companies in the market under review 2. Product/brand/marketing managers 3. CXO level executives 4. Regional/zonal/ country managers 5. Vice President level executives. B) Secondary Research Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources.Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources. The secondary sources of the data typically include 1. Company reports and publications 2. Government/institutional publications 3. Trade and associations journals 4. Databases such as WTO, OECD, World Bank, and among others. 5. Websites and publications by research agencies Segment Covered The global data wrangling market is segmented on the basis of component, deployment mode, enterprise size, and end-user industry. The Global Data Wrangling Market by Component Tools Service The Global Data Wrangling Market by Deployment Mode Cloud-Based On-premises The Global Data Wrangling Market by Enterprise Size Large Enterprises SMEs The Global Data Wrangling Market by End-user Industry IT And Telecommunication Retail Government BFSI Healthcare Others Company Profiles SAS Institute Hitachi Vantara Corporation Oracle Corporation IBM Corporation Dataiku Datawatch Alteryx Talend TIBCO Software Informatica What does this report deliver? 1. Comprehensive analysis of the global as well as regional markets of the data wrangling market. 2. Complete coverage of all the segments in the data wrangling market to analyze the trends, developments in the global market and forecast of market size up to 2026. 3. Comprehensive analysis of the companies operating in the global data wrangling market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company. 4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.Read the full report: https://www.reportlinker.com/p05916582/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [emailprotected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker Related Links www.reportlinker.com
edtsum674
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: BURLINGTON, Mass. andPLANO, Texas, and Worcester, Mass., July30, 2020 /PRNewswire/ --Keurig Dr Pepper (NYSE: KDP) and Polar Beverages jointly announced today that they entered into a long-term franchise agreement that will provide national distribution to Polar Seltzer sparkling seltzer waters, includingPolar Seltzer'ade and SeltzerJR, across all channels through the power of KDP's direct store delivery (DSD) and manufacturing network. (PRNewsfoto/Polar Beverages,Keurig Dr Pepper) Family-owned and operatedsince 1882, Polar Seltzer is the third largest branded flavored sparkling water1 in the U.S., despite availability in less than 35% of the country. Where distributed, it's the fastest turning sparkling water2. Polar Seltzer, PolarSeltzer'ade and Polar SeltzerJRbrandscome in more than 35varieties. In the second quarter, Polar Seltzer grew retail volume and dollar sales 25% and 27%, respectively, based on IRI. The sparkling water category grew more than 15 percent in retail dollars over the past year. Longtime partners, Polar Beverages has manufactured and distributed key KDP brands in its Northeast territories for over three decades. With this new agreement, KDP expands the partnership by now manufacturing, distributing and selling Polar Seltzer in the majority of its DSD footprint. Polar will continue to manufacture and distribute its sparkling water in its existing territories, as will select Polar distributors. Polar Beverages will continue to drive marketing, brand and innovation leadership. Commenting on the agreement, Derek Hopkins, KDP Chief Commercial Officer, stated, "Polar Seltzer is an iconic and leading brand in the Northeast, and we are eager to expand that growth across the country. The sparkling water category shows no sign of slowing down and, our already strong partnership with Polar Beverages will accelerate our ability to ensure that Polar Seltzer is available wherever consumers shop."Ralph D. Crowley Jr. President & CEO, added, "We are very proud of Polar Seltzer's 138-year heritage and independent spirit. Our expanded partnership with KDP opens a dynamic new chapter, and we look forward to sharing our family of seltzers with their unrivaled sales and distribution network."Terms of the agreement were not disclosed. 1Source: IRI MULO+C Channels; IRI defined category segment Unsweetened flavored carbonated water, 13 Weeks Ending 06-28-202Source: IRI MULO+C Channels; IRI defined Northeast marketsContactsInvestors:Steve AlexanderKeurig Dr PepperT: 972-673-6769 / [emailprotected] Media:Katie GilroyKeurig Dr PepperT: 781-418-3345 / [emailprotected]Lisbet CrowleyPolar Beverages[emailprotected]About Keurig Dr PepperKeurig Dr Pepper (KDP) is a leading beverage company inNorth America, with annual revenue in excess of$11 billionand nearly 26,000 employees. KDP holds leadership positions in soft drinks, specialty coffee and tea, water, juice and juice drinks and mixers, and markets the #1 single serve coffee brewing system in the U.S. andCanada. The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig, Dr Pepper, Green Mountain Coffee Roasters, Canada Dry, Snapple, Bai, Mott's, CORE and The Original Donut Shop. Through its powerful sales and distribution network, KDP can deliver its portfolio of hot and cold beverages to nearly every point of purchase for consumers. The Company is committed to sourcing, producing and distributing its beverages responsibly through itsDrink Well. Do Good.corporate responsibility platform, including efforts around circular packaging, efficient natural resource use and supply chain sustainability. For more information, visit,www.keurigdrpepper.com.About Polar BeveragesThe largest independent beverage company in the United States, Polar Beverages are purveyors of premium-quality sparkling beverages, including Polar Seltzer, heritage sodas and Polar Orange Dry. Founded in Worcester, Massachusetts in 1882 by a savvy bartender, Denis Crowley recognized opportunity in carbonation as Prohibition began to rumble in New England. He crafted what he considered the best-tasting bubble recipe and began selling sparkling beverages from a horse-drawn carriage. Today, the company remains owned and operated by the family's fourth and fifth generations, under the leadership of President and CEO, Ralph Crowley Jr. For the past decade, Polar Beverages has modernized and popularized the sparkling seltzer water category and become the industry's leading tastemaker; including the launch of two significant new brandsthe lemonade-inspired Polar Seltzer'ade brand, and the impossibly good Polar SeltzerJR collection. For more information, visit, PolarSeltzer.com. SOURCE Keurig Dr Pepper; Polar Beverages Related Links http://www.keurigdrpepper.com Answer:
Keurig Dr Pepper and Polar Beverages Enter into Long-Term Franchise Agreement for Polar Seltzer
BURLINGTON, Mass. andPLANO, Texas, and Worcester, Mass., July30, 2020 /PRNewswire/ --Keurig Dr Pepper (NYSE: KDP) and Polar Beverages jointly announced today that they entered into a long-term franchise agreement that will provide national distribution to Polar Seltzer sparkling seltzer waters, includingPolar Seltzer'ade and SeltzerJR, across all channels through the power of KDP's direct store delivery (DSD) and manufacturing network. (PRNewsfoto/Polar Beverages,Keurig Dr Pepper) Family-owned and operatedsince 1882, Polar Seltzer is the third largest branded flavored sparkling water1 in the U.S., despite availability in less than 35% of the country. Where distributed, it's the fastest turning sparkling water2. Polar Seltzer, PolarSeltzer'ade and Polar SeltzerJRbrandscome in more than 35varieties. In the second quarter, Polar Seltzer grew retail volume and dollar sales 25% and 27%, respectively, based on IRI. The sparkling water category grew more than 15 percent in retail dollars over the past year. Longtime partners, Polar Beverages has manufactured and distributed key KDP brands in its Northeast territories for over three decades. With this new agreement, KDP expands the partnership by now manufacturing, distributing and selling Polar Seltzer in the majority of its DSD footprint. Polar will continue to manufacture and distribute its sparkling water in its existing territories, as will select Polar distributors. Polar Beverages will continue to drive marketing, brand and innovation leadership. Commenting on the agreement, Derek Hopkins, KDP Chief Commercial Officer, stated, "Polar Seltzer is an iconic and leading brand in the Northeast, and we are eager to expand that growth across the country. The sparkling water category shows no sign of slowing down and, our already strong partnership with Polar Beverages will accelerate our ability to ensure that Polar Seltzer is available wherever consumers shop."Ralph D. Crowley Jr. President & CEO, added, "We are very proud of Polar Seltzer's 138-year heritage and independent spirit. Our expanded partnership with KDP opens a dynamic new chapter, and we look forward to sharing our family of seltzers with their unrivaled sales and distribution network."Terms of the agreement were not disclosed. 1Source: IRI MULO+C Channels; IRI defined category segment Unsweetened flavored carbonated water, 13 Weeks Ending 06-28-202Source: IRI MULO+C Channels; IRI defined Northeast marketsContactsInvestors:Steve AlexanderKeurig Dr PepperT: 972-673-6769 / [emailprotected] Media:Katie GilroyKeurig Dr PepperT: 781-418-3345 / [emailprotected]Lisbet CrowleyPolar Beverages[emailprotected]About Keurig Dr PepperKeurig Dr Pepper (KDP) is a leading beverage company inNorth America, with annual revenue in excess of$11 billionand nearly 26,000 employees. KDP holds leadership positions in soft drinks, specialty coffee and tea, water, juice and juice drinks and mixers, and markets the #1 single serve coffee brewing system in the U.S. andCanada. The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig, Dr Pepper, Green Mountain Coffee Roasters, Canada Dry, Snapple, Bai, Mott's, CORE and The Original Donut Shop. Through its powerful sales and distribution network, KDP can deliver its portfolio of hot and cold beverages to nearly every point of purchase for consumers. The Company is committed to sourcing, producing and distributing its beverages responsibly through itsDrink Well. Do Good.corporate responsibility platform, including efforts around circular packaging, efficient natural resource use and supply chain sustainability. For more information, visit,www.keurigdrpepper.com.About Polar BeveragesThe largest independent beverage company in the United States, Polar Beverages are purveyors of premium-quality sparkling beverages, including Polar Seltzer, heritage sodas and Polar Orange Dry. Founded in Worcester, Massachusetts in 1882 by a savvy bartender, Denis Crowley recognized opportunity in carbonation as Prohibition began to rumble in New England. He crafted what he considered the best-tasting bubble recipe and began selling sparkling beverages from a horse-drawn carriage. Today, the company remains owned and operated by the family's fourth and fifth generations, under the leadership of President and CEO, Ralph Crowley Jr. For the past decade, Polar Beverages has modernized and popularized the sparkling seltzer water category and become the industry's leading tastemaker; including the launch of two significant new brandsthe lemonade-inspired Polar Seltzer'ade brand, and the impossibly good Polar SeltzerJR collection. For more information, visit, PolarSeltzer.com. SOURCE Keurig Dr Pepper; Polar Beverages Related Links http://www.keurigdrpepper.com
edtsum680
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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, Oct. 7, 2020 /PRNewswire/ --On Lok, a San Francisco-based nonprofit organization that has been serving seniors for almost 50 years, has unveiled a new brandidentity, which includes a redesigned logo, website and renaming of its innovative PACE offering from On Lok Lifeways to On Lok PACE. With the new brand identity, On Lok will continue to bridge the spectrum, between frail seniors served through On Lok PACE, to more active seniors through programs like the On Lok 30th Street Senior Center. "On Lok is driven by the vision to give every individual the ability to age with dignity and empower their independence," said Grace Li, CEO of On Lok. "As we head into our 50th year, On Lok is embarking on a journey to expand our services to fully serve the spectrum of seniors, from frail to active, and our new brand and website are a first symbol of this commitment."The organization's new "embracing heart" logo and tagline "Where Seniors Embrace Life," reiterates On Lok's commitment and vision to serve all seniors, while conveying the organization's enduring values of compassion, excellence, and comprehensive care. The updatedwebsite is easier to navigate, with simplified messaging and a focus on what's important to seniors. With the rebranding, all the organization's brands will be under one On Lok umbrella, with On Lok Lifeways renamed to On Lok PACE. On Lok founded PACE and has remained committed to its innovationspurring the expansion of PACE to 31 states and shifting the program from primarily center-based services to home-based during COVID-19. Expanding initiatives for the organization include a pilot with California Pacific Medical Center (CPMC) ACE Unit at Mission Bernal Campus, which is currently underway and serves seniors leaving the hospital's Acute Care for the Elderly Unit; On Lok's partnership with Openhouse to expand services for LGBTQ seniors; and an evolution from in-person care to virtual care in all aspects of senior care and wellness. On Lok's presence in the community is also updated, with new van wrapping, building signage, and materialsyet our same warm and compassionate On Lok drivers, in new uniforms. About On LokOn Lok is a nonprofit organization that empowers older adults to age with dignity and independence. With nearly 50 years of experience, On Lok is a trusted resource in San Francisco, Santa Clara County, and the Tri-City area of Alameda County. On Lok founded and still operates the Program of All-Inclusive Care for the Elderly (PACE), which allows eligible seniors to live at home for as long as possible by providing comprehensive medical care and social services. On Lok 30th Street Senior Center, the largest multipurpose senior center in San Francisco, provides a second home, health programs, activities, and case management services to active seniors. The On Lok Mission Nutrition Program provides more than 200,000 meals annually to seniors through its dining locations and meal delivery program. For more information, please visit www.onlok.org. Media Contact Helen Huckleberry Marketing Director [emailprotected] (415) 265-1474 SOURCE On Lok, Inc. Related Links http://www.onlok.org Answer:
On Lok Unveils New Brand Identity with Redesigned Logo and Website Nonprofit committed to serving full spectrum of seniors in the Bay Area with patient-centered care and continued innovation of PACE program
SAN FRANCISCO, Oct. 7, 2020 /PRNewswire/ --On Lok, a San Francisco-based nonprofit organization that has been serving seniors for almost 50 years, has unveiled a new brandidentity, which includes a redesigned logo, website and renaming of its innovative PACE offering from On Lok Lifeways to On Lok PACE. With the new brand identity, On Lok will continue to bridge the spectrum, between frail seniors served through On Lok PACE, to more active seniors through programs like the On Lok 30th Street Senior Center. "On Lok is driven by the vision to give every individual the ability to age with dignity and empower their independence," said Grace Li, CEO of On Lok. "As we head into our 50th year, On Lok is embarking on a journey to expand our services to fully serve the spectrum of seniors, from frail to active, and our new brand and website are a first symbol of this commitment."The organization's new "embracing heart" logo and tagline "Where Seniors Embrace Life," reiterates On Lok's commitment and vision to serve all seniors, while conveying the organization's enduring values of compassion, excellence, and comprehensive care. The updatedwebsite is easier to navigate, with simplified messaging and a focus on what's important to seniors. With the rebranding, all the organization's brands will be under one On Lok umbrella, with On Lok Lifeways renamed to On Lok PACE. On Lok founded PACE and has remained committed to its innovationspurring the expansion of PACE to 31 states and shifting the program from primarily center-based services to home-based during COVID-19. Expanding initiatives for the organization include a pilot with California Pacific Medical Center (CPMC) ACE Unit at Mission Bernal Campus, which is currently underway and serves seniors leaving the hospital's Acute Care for the Elderly Unit; On Lok's partnership with Openhouse to expand services for LGBTQ seniors; and an evolution from in-person care to virtual care in all aspects of senior care and wellness. On Lok's presence in the community is also updated, with new van wrapping, building signage, and materialsyet our same warm and compassionate On Lok drivers, in new uniforms. About On LokOn Lok is a nonprofit organization that empowers older adults to age with dignity and independence. With nearly 50 years of experience, On Lok is a trusted resource in San Francisco, Santa Clara County, and the Tri-City area of Alameda County. On Lok founded and still operates the Program of All-Inclusive Care for the Elderly (PACE), which allows eligible seniors to live at home for as long as possible by providing comprehensive medical care and social services. On Lok 30th Street Senior Center, the largest multipurpose senior center in San Francisco, provides a second home, health programs, activities, and case management services to active seniors. The On Lok Mission Nutrition Program provides more than 200,000 meals annually to seniors through its dining locations and meal delivery program. For more information, please visit www.onlok.org. Media Contact Helen Huckleberry Marketing Director [emailprotected] (415) 265-1474 SOURCE On Lok, Inc. Related Links http://www.onlok.org
edtsum682
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: JERICHO, N.Y.--(BUSINESS WIRE)--Nathans Famous, Inc., the American tradition serving New York favorites for more than 100 years, announced today its partnership with Meatless Farm, the mission-driven plant-based food company to bring consumers the industrys first gourmet, plant-based hot dog. To celebrate, select Nathans Famous restaurants will give away one free Nathans Meatless Farm hot dog to all customers who wish to try it for a limited time. The partnership brings to market Nathans 100+ year old secret recipe, a favorite of consumers all over the world, crafted with clean and simple plant-based ingredients. Starting in April, the Nathans Famous Plant-Based Hot Dog by Meatless Farm will be available exclusively on the Nathans online retail portal on Shopify, and then rolled out in select locations in May. "As plant-based menu items continue to grow in popularity, we are excited to launch the first ever gourmet, plant-based hot dog, a product created not just for our flexitarian, vegetarian, and vegan customers, but all who enjoy a healthier diet, states James Walker, Senior Vice President, Restaurants. Weve spent a great deal of time perfecting this hot dog and making sure that those who know and love Nathans one-of-a-kind flavor, as well as those that might not have tried a Nathans hot dog due to diet, can now enjoy an option that fits their lifestyle. We are looking forward to growing a new customer base with this partnership with Meatless Farm and know their high-quality ingredients are the way to deliver what our customers have come to expect of the original Nathans Famous hot dog. Were working with the most iconic hot dog company in the country, turning this American favorite into a Meatless favorite, says Morten Toft Bech, founder of Meatless Farm. Increasingly more people are aware of the impact intensively farmed meat has on the planet and are now looking for fresh, good quality food that tastes amazing and not only helps protect our health, but the environment too. This exciting partnership with Nathans Famous provides the opportunity to inspire a new generation of carbon conscious consumers to eat more Meat-less. More people making smaller changes will have a greater impact than a few making drastic ones. The launch of the Nathans Famous by Meatless Farm plant-based hot dog will take place exclusively on the Nathans online retail portal on Shopify in April delivered anywhere in the U.S. The kit will feature 6 plant-based hot dogs, 6 buns and a bottle of Nathans Famous deli mustard for $44.99. Additionally, fans in the tri-state area and Florida can enjoy the new plant-based hot dog beginning in May, with plans to expand to additional restaurants in the coming year. The Nathans Famous by Meatless Farm plant-based hot dog is rich in pea protein, low in saturated fat, low in sodium, soy free, gluten free and made with the world-famous Nathans secret spice recipe. To view images of Nathan's Famous new menu items, visit here. To learn more Nathans Famous, visit www.nathansfamous.com To learn more about Meatless Farm visit www.meatlessfarm.com/US About Nathans Famous Nathans is a Russell 2000 Company that currently distributes its products in 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, and 16 foreign countries through its restaurant system, foodservice sales programs and product licensing activities. Last year, over 700 million Nathans Famous hot dogs were sold. For additional information about Nathans, please visit our website at www.nathansfamous.com. About Meatless Farms Meatless Farm is a plant-based protein company known for its award-winning meat free burger patties, meatless ground and sausage products. Almost indistinguishable from meat in terms of taste and texture, products from Meatless Farm are 100% plant-based, gluten-free and made using the highest-quality, non-GMO ingredients available. The company launched to the trade in the UK in 2018 and has since expanded into 20 countries within Europe, Asia Pacific, North America and the UAE. In 2019, the company entered the U.S. market through a national listing with Whole Foods Market that spanned more than 450 locations. Meatless Farm was founded by Morten Toft Bech after he and his wife discovered the difficulty of preparing quick and easy protein-filled meals for their family, who follow a predominantly plant-based diet. For additional information about Meatless Farm please visit www.meatlessfarm.com/US Except for historical information contained in this news release, the matters discussed are forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that involve risks and uncertainties. Words such as anticipate, believe, estimate, expect, intend, and similar expressions identify forward-looking statements, which are based on the current belief of the Companys management, as well as assumptions made by and information currently available to the Companys management. Among the factors that could cause actual results to differ materially include but are not limited to: the impact of the COVID-19 pandemic, the status of our licensing and supply agreements, including the impact of our supply agreement for hot dogs with John Morrell & Co.; the impact of our indebtedness, including the effect on our ability to fund working capital, operations and make new investments; economic; weather (including the impact on the supply of cattle and the impact on sales at our restaurants particularly during the summer months), and change in the price of beef trimmings; our ability to pass on the cost of any price increases in beef and beef trimmings; legislative and business conditions; the collectability of receivables; changes in consumer tastes; the ability to attract franchisees; the impact of the minimum wage legislation on labor costs in New York State or other changes in labor laws, including regulations which could render a franchisor as a joint employee or the impact of our new union contracts; our ability to attract competent restaurant and managerial personnel; the enforceability of international franchising agreements; the future effects of any food borne illness, such as bovine spongiform encephalopathy, BSE and e coli; and the risk factors reported from time to time in the Companys SEC reports. The Company does not undertake any obligation to update such forward-looking statements. Answer:
Nathans Famous Partners With Meatless Farm to Launch First Gourmet Plant-Based Hot Dog 100% Plant-Based Hot Dog Features Nathans Famous 100+ Year Old Secret Recipe
JERICHO, N.Y.--(BUSINESS WIRE)--Nathans Famous, Inc., the American tradition serving New York favorites for more than 100 years, announced today its partnership with Meatless Farm, the mission-driven plant-based food company to bring consumers the industrys first gourmet, plant-based hot dog. To celebrate, select Nathans Famous restaurants will give away one free Nathans Meatless Farm hot dog to all customers who wish to try it for a limited time. The partnership brings to market Nathans 100+ year old secret recipe, a favorite of consumers all over the world, crafted with clean and simple plant-based ingredients. Starting in April, the Nathans Famous Plant-Based Hot Dog by Meatless Farm will be available exclusively on the Nathans online retail portal on Shopify, and then rolled out in select locations in May. "As plant-based menu items continue to grow in popularity, we are excited to launch the first ever gourmet, plant-based hot dog, a product created not just for our flexitarian, vegetarian, and vegan customers, but all who enjoy a healthier diet, states James Walker, Senior Vice President, Restaurants. Weve spent a great deal of time perfecting this hot dog and making sure that those who know and love Nathans one-of-a-kind flavor, as well as those that might not have tried a Nathans hot dog due to diet, can now enjoy an option that fits their lifestyle. We are looking forward to growing a new customer base with this partnership with Meatless Farm and know their high-quality ingredients are the way to deliver what our customers have come to expect of the original Nathans Famous hot dog. Were working with the most iconic hot dog company in the country, turning this American favorite into a Meatless favorite, says Morten Toft Bech, founder of Meatless Farm. Increasingly more people are aware of the impact intensively farmed meat has on the planet and are now looking for fresh, good quality food that tastes amazing and not only helps protect our health, but the environment too. This exciting partnership with Nathans Famous provides the opportunity to inspire a new generation of carbon conscious consumers to eat more Meat-less. More people making smaller changes will have a greater impact than a few making drastic ones. The launch of the Nathans Famous by Meatless Farm plant-based hot dog will take place exclusively on the Nathans online retail portal on Shopify in April delivered anywhere in the U.S. The kit will feature 6 plant-based hot dogs, 6 buns and a bottle of Nathans Famous deli mustard for $44.99. Additionally, fans in the tri-state area and Florida can enjoy the new plant-based hot dog beginning in May, with plans to expand to additional restaurants in the coming year. The Nathans Famous by Meatless Farm plant-based hot dog is rich in pea protein, low in saturated fat, low in sodium, soy free, gluten free and made with the world-famous Nathans secret spice recipe. To view images of Nathan's Famous new menu items, visit here. To learn more Nathans Famous, visit www.nathansfamous.com To learn more about Meatless Farm visit www.meatlessfarm.com/US About Nathans Famous Nathans is a Russell 2000 Company that currently distributes its products in 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, and 16 foreign countries through its restaurant system, foodservice sales programs and product licensing activities. Last year, over 700 million Nathans Famous hot dogs were sold. For additional information about Nathans, please visit our website at www.nathansfamous.com. About Meatless Farms Meatless Farm is a plant-based protein company known for its award-winning meat free burger patties, meatless ground and sausage products. Almost indistinguishable from meat in terms of taste and texture, products from Meatless Farm are 100% plant-based, gluten-free and made using the highest-quality, non-GMO ingredients available. The company launched to the trade in the UK in 2018 and has since expanded into 20 countries within Europe, Asia Pacific, North America and the UAE. In 2019, the company entered the U.S. market through a national listing with Whole Foods Market that spanned more than 450 locations. Meatless Farm was founded by Morten Toft Bech after he and his wife discovered the difficulty of preparing quick and easy protein-filled meals for their family, who follow a predominantly plant-based diet. For additional information about Meatless Farm please visit www.meatlessfarm.com/US Except for historical information contained in this news release, the matters discussed are forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that involve risks and uncertainties. Words such as anticipate, believe, estimate, expect, intend, and similar expressions identify forward-looking statements, which are based on the current belief of the Companys management, as well as assumptions made by and information currently available to the Companys management. Among the factors that could cause actual results to differ materially include but are not limited to: the impact of the COVID-19 pandemic, the status of our licensing and supply agreements, including the impact of our supply agreement for hot dogs with John Morrell & Co.; the impact of our indebtedness, including the effect on our ability to fund working capital, operations and make new investments; economic; weather (including the impact on the supply of cattle and the impact on sales at our restaurants particularly during the summer months), and change in the price of beef trimmings; our ability to pass on the cost of any price increases in beef and beef trimmings; legislative and business conditions; the collectability of receivables; changes in consumer tastes; the ability to attract franchisees; the impact of the minimum wage legislation on labor costs in New York State or other changes in labor laws, including regulations which could render a franchisor as a joint employee or the impact of our new union contracts; our ability to attract competent restaurant and managerial personnel; the enforceability of international franchising agreements; the future effects of any food borne illness, such as bovine spongiform encephalopathy, BSE and e coli; and the risk factors reported from time to time in the Companys SEC reports. The Company does not undertake any obligation to update such forward-looking statements.
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: NEW YORK, March 19, 2020 /PRNewswire/ -- Insulated Concrete Form market worldwide is projected to grow by US$515.6 Million, driven by a compounded growth of 5.7%. Expanded Polystyrene Foam, one of the segments analyzed and sized in this study, displays the potential to grow at over 5.8%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$754.5 Million by the year 2025, Expanded Polystyrene Foam will bring in healthy gains adding significant momentum to global growth. Read the full report: https://www.reportlinker.com/p05798914/?utm_source=PRN - Representing the developed world, the United States will maintain a 4.9% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$18.3 Million to the region's size and clout in the next 5 to 6 years. Over US$15.8 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Expanded Polystyrene Foam will reach a market size of US$38.2 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 8.5% over the next couple of years and add approximately US$138.7 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies. - Competitors identified in this market include, among others, Amvic, Inc. BASF SE Beco Products Ltd. Conform Global (SmartBlock) Durisol UK Fox Blocks KORE Wireless Group, Inc. Liteform Logix Insulated Concrete Forms Ltd. Nudura Corporation Polycrete International Quad-Lock Building Systems. Rastra Sunbloc Read the full report: https://www.reportlinker.com/p05798914/?utm_source=PRN I. INTRODUCTION, METHODOLOGY & REPORT SCOPE II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW Insulated Concrete Form Market to Grow SteadilyThe Residential Sector to Register Highest GrowthNorth American Region to Dominate the MarketPolystyrene Foam Segment to Account for Largest ShareGlobal Competitor Market SharesInsulated Concrete Form Competitor Market Share ScenarioWorldwide (in %): 2019 & 2025 2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERSIncreasing Demand for Energy-efficient Green BuildingsTop Drivers of Green Building ActivityMomentum in Construction Activity to Bode Well for Market GrowthAnnual Rate of Construction Spending in Billion USD by Sector:2015-2020OpportunitiesRapid UrbanizationWorldwide Rural and Urban Population in Billions: 1500-2050Innovations in Insulated Concrete to Spur Market DemandHigher Initial Investments May Restrain Market GrowthLack of Awareness and Economic Downturn in Specific RegionsChallenge Market Growth 4. GLOBAL MARKET PERSPECTIVETable 1: Insulated Concrete Form Global Market Estimates andForecasts in US$ Thousand by Region/Country: 2018-2025Table 2: Insulated Concrete Form Global Retrospective MarketScenario in US$ Thousand by Region/Country: 2009-2017Table 3: Insulated Concrete Form Market Share Shift across KeyGeographies Worldwide: 2009 VS 2019 VS 2025Table 4: Expanded Polystyrene Foam (Material) World Market byRegion/Country in US$ Thousand: 2018 to 2025Table 5: Expanded Polystyrene Foam (Material) Historic MarketAnalysis by Region/Country in US$ Thousand: 2009 to 2017Table 6: Expanded Polystyrene Foam (Material) Market ShareBreakdown of Worldwide Sales by Region/Country: 2009 VS 2019 VS2025Table 7: Polyurethane Foam (Material) Potential Growth MarketsWorldwide in US$ Thousand: 2018 to 2025Table 8: Polyurethane Foam (Material) Historic MarketPerspective by Region/Country in US$ Thousand: 2009 to 2017Table 9: Polyurethane Foam (Material) Market Sales Breakdown byRegion/Country in Percentage: 2009 VS 2019 VS 2025Table 10: Other Materials (Material) Geographic Market SpreadWorldwide in US$ Thousand: 2018 to 2025Table 11: Other Materials (Material) Region Wise Breakdown ofGlobal Historic Demand in US$ Thousand: 2009 to 2017Table 12: Other Materials (Material) Market Share Distributionin Percentage by Region/Country: 2009 VS 2019 VS 2025Table 13: Residential (End-Use) Demand Potential Worldwide inUS$ Thousand by Region/Country: 2018-2025Table 14: Residential (End-Use) Historic Sales Analysis in US$Thousand by Region/Country: 2009-2017Table 15: Residential (End-Use) Share Breakdown Review byRegion/Country: 2009 VS 2019 VS 2025Table 16: Non-Residential (End-Use) Worldwide Latent DemandForecasts in US$ Thousand by Region/Country: 2018-2025Table 17: Non-Residential (End-Use) Global Historic Analysis inUS$ Thousand by Region/Country: 2009-2017Table 18: Non-Residential (End-Use) Distribution of GlobalSales by Region/Country: 2009 VS 2019 VS 2025 III. MARKET ANALYSISGEOGRAPHIC MARKET ANALYSISUNITED STATESMarket Facts & FiguresUS Insulated Concrete Form Market Share (in %) by Company: 2019& 2025Market AnalyticsTable 19: Insulated Concrete Form Market in the United Statesin US$ Thousand by Material: 2018-2025Table 20: Insulated Concrete Form Historic Demand Patterns inthe United States in US$ Thousand by Material: 2009-2017Table 21: United States Insulated Concrete Form Market ShareBreakdown by Material: 2009 VS 2019 VS 2025Table 22: United States Insulated Concrete Form Latent DemandForecasts in US$ Thousand by End-Use: 2018 to 2025Table 23: Insulated Concrete Form Historic Demand Patterns inthe United States by End-Use in US$ Thousand for 2009-2017Table 24: Insulated Concrete Form Market Share Breakdown in theUnited States by End-Use: 2009 VS 2019 VS 2025CANADATable 25: Canadian Insulated Concrete Form Market Estimates andForecasts in US$ Thousand by Material: 2018-2025Table 26: Insulated Concrete Form Market in Canada: HistoricAnalysis in US$ Thousand by Material for the period 2009-2017Table 27: Canadian Insulated Concrete Form Market Shares inPercentages by Material: 2009 VS 2019 VS 2025Table 28: Canadian Insulated Concrete Form Market QuantitativeDemand Analysis in US$ Thousand by End-Use: 2018 to 2025Table 29: Insulated Concrete Form Market in Canada:Summarization of Historic Demand Patterns in US$ Thousand byEnd-Use for 2009-2017Table 30: Canadian Insulated Concrete Form Market ShareAnalysis by End-Use: 2009 VS 2019 VS 2025JAPANTable 31: Japanese Insulated Concrete Form Market Estimates andProjections in US$ Thousand by Material: 2018-2025Table 32: Insulated Concrete Form Demand Patterns in Japan inUS$ Thousand by Material: 2009-2017Table 33: Japanese Insulated Concrete Form Market Share inPercentages by Material: 2009 VS 2019 VS 2025Table 34: Japanese Demand Estimates and Forecasts for InsulatedConcrete Form in US$ Thousand by End-Use: 2018 to 2025Table 35: Japanese Insulated Concrete Form Market in US$Thousand by End-Use: 2009-2017Table 36: Insulated Concrete Form Market Share Shift in Japanby End-Use: 2009 VS 2019 VS 2025CHINATable 37: Chinese Demand Estimates and Forecasts for InsulatedConcrete Form Market in US$ Thousand by Material: 2018-2025Table 38: Insulated Concrete Form Historic Demand Scenario inChina in US$ Thousand by Material: 2009-2017Table 39: Chinese Insulated Concrete Form Market ShareBreakdown by Material: 2009 VS 2019 VS 2025Table 40: Chinese Demand for Insulated Concrete Form in US$Thousand by End-Use: 2018 to 2025Table 41: Insulated Concrete Form Market Review in China in US$Thousand by End-Use: 2009-2017Table 42: Chinese Insulated Concrete Form Market ShareBreakdown by End-Use: 2009 VS 2019 VS 2025EUROPEMarket Facts & FiguresEuropean Insulated Concrete Form Market: Competitor MarketShare Scenario (in %) for 2019 & 2025Market AnalyticsTable 43: European Insulated Concrete Form Market DemandScenario in US$ Thousand by Region/Country: 2018-2025Table 44: Insulated Concrete Form Market in Europe: A HistoricMarket Perspective in US$ Thousand by Region/Country for thePeriod 2009-2017Table 45: European Insulated Concrete Form Market Share Shiftby Region/Country: 2009 VS 2019 VS 2025Table 46: Insulated Concrete Form Demand Potential in Europe inUS$ Thousand by Material: 2018-2025Table 47: European Insulated Concrete Form Historic MarketAnalysis in US$ Thousand by Material: 2009-2017Table 48: Insulated Concrete Form Market in Europe : Breakdownof Sales by Material for 2009, 2019, and 2025Table 49: European Insulated Concrete Form Addressable MarketOpportunity in US$ Thousand by End-Use: 2018-2025Table 50: Insulated Concrete Form Market in Europe:Summarization of Historic Demand in US$ Thousand by End-Use forthe Period 2009-2017Table 51: European Insulated Concrete Form Market ShareAnalysis by End-Use: 2009 VS 2019 VS 2025FRANCETable 52: Insulated Concrete Form Recent Past, Current & FutureMarket Analysis in France in US$ Thousand by Material:2018-2025Table 53: French Insulated Concrete Form Market: HistoricReview in US$ Thousand by Material for the Period 2009-2017Table 54: French Insulated Concrete Form Market Share Shift byMaterial: 2009 VS 2019 VS 2025Table 55: Insulated Concrete Form Quantitative Demand Analysisin France in US$ Thousand by End-Use: 2018-2025Table 56: French Insulated Concrete Form Historic Market Reviewin US$ Thousand by End-Use: 2009-2017Table 57: French Insulated Concrete Form Market Share Analysis:A 17-Year Perspective by End-Use for 2009, 2019, and 2025GERMANYTable 58: German Insulated Concrete Form Market Estimates andProjections in US$ Thousand by Material: 2018-2025Table 59: Insulated Concrete Form Market in Germany: HistoricDemand Analysis in US$ Thousand by Material for the Period2009-2017Table 60: German Insulated Concrete Form Market ShareDistribution by Material: 2009 VS 2019 VS 2025Table 61: Insulated Concrete Form Market in Germany: AnnualSales Estimates and Forecasts in US$ Thousand by End-Use forthe Period 2018-2025Table 62: German Insulated Concrete Form Market in Retrospectin US$ Thousand by End-Use: 2009-2017Table 63: Insulated Concrete Form Market Share Distribution inGermany by End-Use: 2009 VS 2019 VS 2025ITALYTable 64: Italian Demand Estimates and Forecasts for InsulatedConcrete Form Market in US$ Thousand by Material: 2018-2025Table 65: Insulated Concrete Form Historic Demand Scenario inItaly in US$ Thousand by Material: 2009-2017Table 66: Italian Insulated Concrete Form Market ShareBreakdown by Material: 2009 VS 2019 VS 2025Table 67: Italian Demand for Insulated Concrete Form in US$Thousand by End-Use: 2018 to 2025Table 68: Insulated Concrete Form Market Review in Italy in US$Thousand by End-Use: 2009-2017Table 69: Italian Insulated Concrete Form Market ShareBreakdown by End-Use: 2009 VS 2019 VS 2025UNITED KINGDOMTable 70: United Kingdom Insulated Concrete Form MarketEstimates and Projections in US$ Thousand by Material:2018-2025Table 71: Insulated Concrete Form Demand Patterns in the UnitedKingdom in US$ Thousand by Material: 2009-2017Table 72: United Kingdom Insulated Concrete Form Market Sharein Percentages by Material: 2009 VS 2019 VS 2025Table 73: United Kingdom Demand Estimates and Forecasts forInsulated Concrete Form in US$ Thousand by End-Use: 2018 to2025Table 74: United Kingdom Insulated Concrete Form Market in US$Thousand by End-Use: 2009-2017Table 75: Insulated Concrete Form Market Share Shift in theUnited Kingdom by End-Use: 2009 VS 2019 VS 2025SPAINTable 76: Spanish Insulated Concrete Form Market Estimates andForecasts in US$ Thousand by Material: 2018-2025Table 77: Insulated Concrete Form Market in Spain: HistoricAnalysis in US$ Thousand by Material for the period 2009-2017Table 78: Spanish Insulated Concrete Form Market Shares inPercentages by Material: 2009 VS 2019 VS 2025Table 79: Spanish Insulated Concrete Form Market QuantitativeDemand Analysis in US$ Thousand by End-Use: 2018 to 2025Table 80: Insulated Concrete Form Market in Spain:Summarization of Historic Demand Patterns in US$ Thousand byEnd-Use for 2009-2017Table 81: Spanish Insulated Concrete Form Market Share Analysisby End-Use: 2009 VS 2019 VS 2025RUSSIATable 82: Insulated Concrete Form Market in Russia in US$Thousand by Material: 2018-2025Table 83: Insulated Concrete Form Historic Demand Patterns inRussia in US$ Thousand by Material: 2009-2017Table 84: Russian Insulated Concrete Form Market ShareBreakdown by Material: 2009 VS 2019 VS 2025Table 85: Russian Insulated Concrete Form Latent DemandForecasts in US$ Thousand by End-Use: 2018 to 2025Table 86: Insulated Concrete Form Historic Demand Patterns inRussia by End-Use in US$ Thousand for 2009-2017Table 87: Insulated Concrete Form Market Share Breakdown inRussia by End-Use: 2009 VS 2019 VS 2025REST OF EUROPETable 88: Insulated Concrete Form Demand Potential in Rest ofEurope in US$ Thousand by Material: 2018-2025Table 89: Rest of Europe Insulated Concrete Form HistoricMarket Analysis in US$ Thousand by Material: 2009-2017Table 90: Insulated Concrete Form Market in Rest of Europe:Breakdown of Sales by Material for 2009, 2019, and 2025Table 91: Rest of Europe Insulated Concrete Form AddressableMarket Opportunity in US$ Thousand by End-Use: 2018-2025Table 92: Insulated Concrete Form Market in Rest of Europe:Summarization of Historic Demand in US$ Thousand by End-Use forthe Period 2009-2017Table 93: Rest of Europe Insulated Concrete Form Market ShareAnalysis by End-Use: 2009 VS 2019 VS 2025ASIA-PACIFICTable 94: Asia-Pacific Insulated Concrete Form Market Estimatesand Forecasts in US$ Thousand by Region/Country: 2018-2025Table 95: Insulated Concrete Form Market in Asia-Pacific:Historic Market Analysis in US$ Thousand by Region/Country forthe Period 2009-2017Table 96: Asia-Pacific Insulated Concrete Form Market ShareAnalysis by Region/Country: 2009 VS 2019 VS 2025Table 97: Insulated Concrete Form Recent Past, Current & FutureMarket Analysis in Asia-Pacific in US$ Thousand by Material:2018-2025Table 98: Asia-Pacific Insulated Concrete Form Market: HistoricReview in US$ Thousand by Material for the Period 2009-2017Table 99: Asia-Pacific Insulated Concrete Form Market ShareShift by Material: 2009 VS 2019 VS 2025Table 100: Insulated Concrete Form Quantitative Demand Analysisin Asia-Pacific in US$ Thousand by End-Use: 2018-2025Table 101: Asia-Pacific Insulated Concrete Form Historic MarketReview in US$ Thousand by End-Use: 2009-2017Table 102: Asia-Pacific Insulated Concrete Form Market ShareAnalysis: A 17-Year Perspective by End-Use for 2009, 2019, and2025AUSTRALIATable 103: Australian Insulated Concrete Form Market Estimatesand Projections in US$ Thousand by Material: 2018-2025Table 104: Insulated Concrete Form Market in Australia:Historic Demand Analysis in US$ Thousand by Material for thePeriod 2009-2017Table 105: Australian Insulated Concrete Form Market ShareDistribution by Material: 2009 VS 2019 VS 2025Table 106: Insulated Concrete Form Market in Australia: AnnualSales Estimates and Forecasts in US$ Thousand by End-Use forthe Period 2018-2025Table 107: Australian Insulated Concrete Form Market inRetrospect in US$ Thousand by End-Use: 2009-2017Table 108: Insulated Concrete Form Market Share Distribution inAustralia by End-Use: 2009 VS 2019 VS 2025INDIATable 109: Indian Insulated Concrete Form Market Estimates andForecasts in US$ Thousand by Material: 2018-2025Table 110: Insulated Concrete Form Market in India: HistoricAnalysis in US$ Thousand by Material for the period 2009-2017Table 111: Indian Insulated Concrete Form Market Shares inPercentages by Material: 2009 VS 2019 VS 2025Table 112: Indian Insulated Concrete Form Market QuantitativeDemand Analysis in US$ Thousand by End-Use: 2018 to 2025Table 113: Insulated Concrete Form Market in India:Summarization of Historic Demand Patterns in US$ Thousand byEnd-Use for 2009-2017Table 114: Indian Insulated Concrete Form Market Share Analysisby End-Use: 2009 VS 2019 VS 2025SOUTH KOREATable 115: Insulated Concrete Form Market in South Korea:Recent Past, Current and Future Analysis in US$ Thousand byMaterial for the Period 2018-2025Table 116: South Korean Insulated Concrete Form Historic MarketAnalysis in US$ Thousand by Material: 2009-2017Table 117: Insulated Concrete Form Market Share Distribution inSouth Korea by Material: 2009 VS 2019 VS 2025Table 118: Insulated Concrete Form Market in South Korea:Recent Past, Current and Future Analysis in US$ Thousand byEnd-Use for the Period 2018-2025Table 119: South Korean Insulated Concrete Form Historic MarketAnalysis in US$ Thousand by End-Use: 2009-2017Table 120: Insulated Concrete Form Market Share Distribution inSouth Korea by End-Use: 2009 VS 2019 VS 2025REST OF ASIA-PACIFICTable 121: Rest of Asia-Pacific Insulated Concrete Form MarketEstimates and Projections in US$ Thousand by Material:2018-2025Table 122: Insulated Concrete Form Demand Patterns in Rest ofAsia-Pacific in US$ Thousand by Material: 2009-2017Table 123: Rest of Asia-Pacific Insulated Concrete Form MarketShare in Percentages by Material: 2009 VS 2019 VS 2025Table 124: Rest of Asia-Pacific Demand Estimates and Forecastsfor Insulated Concrete Form in US$ Thousand by End-Use: 2018 to2025Table 125: Rest of Asia-Pacific Insulated Concrete Form Marketin US$ Thousand by End-Use: 2009-2017Table 126: Insulated Concrete Form Market Share Shift in Restof Asia-Pacific by End-Use: 2009 VS 2019 VS 2025LATIN AMERICATable 127: Latin American Insulated Concrete Form Market Trendsby Region/Country in US$ Thousand: 2018-2025Table 128: Insulated Concrete Form Market in Latin America inUS$ Thousand by Region/Country: A Historic Perspective for thePeriod 2009-2017Table 129: Latin American Insulated Concrete Form MarketPercentage Breakdown of Sales by Region/Country: 2009, 2019,and 2025Table 130: Latin American Demand Estimates and Forecasts forInsulated Concrete Form Market in US$ Thousand by Material:2018-2025Table 131: Insulated Concrete Form Historic Demand Scenario inLatin America in US$ Thousand by Material: 2009-2017Table 132: Latin American Insulated Concrete Form Market ShareBreakdown by Material: 2009 VS 2019 VS 2025Table 133: Latin American Demand for Insulated Concrete Form inUS$ Thousand by End-Use: 2018 to 2025Table 134: Insulated Concrete Form Market Review in LatinAmerica in US$ Thousand by End-Use: 2009-2017Table 135: Latin American Insulated Concrete Form Market ShareBreakdown by End-Use: 2009 VS 2019 VS 2025ARGENTINATable 136: Insulated Concrete Form Demand Potential inArgentina in US$ Thousand by Material: 2018-2025Table 137: Argentinean Insulated Concrete Form Historic MarketAnalysis in US$ Thousand by Material: 2009-2017Table 138: Insulated Concrete Form Market in Argentina:Breakdown of Sales by Material for 2009, 2019, and 2025Table 139: Argentinean Insulated Concrete Form AddressableMarket Opportunity in US$ Thousand by End-Use: 2018-2025Table 140: Insulated Concrete Form Market in Argentina:Summarization of Historic Demand in US$ Thousand by End-Use forthe Period 2009-2017Table 141: Argentinean Insulated Concrete Form Market ShareAnalysis by End-Use: 2009 VS 2019 VS 2025BRAZILTable 142: Insulated Concrete Form Recent Past, Current &Future Market Analysis in Brazil in US$ Thousand by Material:2018-2025Table 143: Brazilian Insulated Concrete Form Market: HistoricReview in US$ Thousand by Material for the Period 2009-2017Table 144: Brazilian Insulated Concrete Form Market Share Shiftby Material: 2009 VS 2019 VS 2025Table 145: Insulated Concrete Form Quantitative Demand Analysisin Brazil in US$ Thousand by End-Use: 2018-2025Table 146: Brazilian Insulated Concrete Form Historic MarketReview in US$ Thousand by End-Use: 2009-2017Table 147: Brazilian Insulated Concrete Form Market ShareAnalysis: A 17-Year Perspective by End-Use for 2009, 2019, and2025MEXICOTable 148: Mexican Insulated Concrete Form Market Estimates andProjections in US$ Thousand by Material: 2018-2025Table 149: Insulated Concrete Form Market in Mexico: HistoricDemand Analysis in US$ Thousand by Material for the Period2009-2017Table 150: Mexican Insulated Concrete Form Market ShareDistribution by Material: 2009 VS 2019 VS 2025Table 151: Insulated Concrete Form Market in Mexico: AnnualSales Estimates and Forecasts in US$ Thousand by End-Use forthe Period 2018-2025Table 152: Mexican Insulated Concrete Form Market in Retrospectin US$ Thousand by End-Use: 2009-2017Table 153: Insulated Concrete Form Market Share Distribution inMexico by End-Use: 2009 VS 2019 VS 2025REST OF LATIN AMERICATable 154: Insulated Concrete Form Market in Rest of LatinAmerica in US$ Thousand by Material: 2018-2025Table 155: Insulated Concrete Form Historic Demand Patterns inRest of Latin America in US$ Thousand by Material: 2009-2017Table 156: Rest of Latin America Insulated Concrete Form MarketShare Breakdown by Material: 2009 VS 2019 VS 2025Table 157: Rest of Latin America Insulated Concrete Form LatentDemand Forecasts in US$ Thousand by End-Use: 2018 to 2025Table 158: Insulated Concrete Form Historic Demand Patterns inRest of Latin America by End-Use in US$ Thousand for 2009-2017Table 159: Insulated Concrete Form Market Share Breakdown inRest of Latin America by End-Use: 2009 VS 2019 VS 2025MIDDLE EASTTable 160: The Middle East Insulated Concrete Form MarketEstimates and Forecasts in US$ Thousand by Region/Country:2018-2025Table 161: Insulated Concrete Form Market in the Middle East byRegion/Country in US$ Thousand: 2009-2017Table 162: The Middle East Insulated Concrete Form Market ShareBreakdown by Region/Country: 2009, 2019, and 2025Table 163: The Middle East Insulated Concrete Form Market inUS$ Thousand by Material: 2018-2025Table 164: Insulated Concrete Form Market in the Middle East:Historic Analysis in US$ Thousand by Material for the period2009-2017Table 165: The Middle East Insulated Concrete Form MarketShares in Percentages by Material: 2009 VS 2019 VS 2025Table 166: The Middle East Insulated Concrete Form MarketQuantitative Demand Analysis in US$ Thousand by End-Use: 2018to 2025Table 167: Insulated Concrete Form Market in the Middle East:Summarization of Historic Demand Patterns in US$ Thousand byEnd-Use for 2009-2017Table 168: The Middle East Insulated Concrete Form Market ShareAnalysis by End-Use: 2009 VS 2019 VS 2025IRANTable 169: Iranian Insulated Concrete Form Market Estimates andProjections in US$ Thousand by Material: 2018-2025Table 170: Insulated Concrete Form Demand Patterns in Iran inUS$ Thousand by Material: 2009-2017Table 171: Iranian Insulated Concrete Form Market Share inPercentages by Material: 2009 VS 2019 VS 2025Table 172: Iranian Demand Estimates and Forecasts for InsulatedConcrete Form in US$ Thousand by End-Use: 2018 to 2025Table 173: Iranian Insulated Concrete Form Market in US$Thousand by End-Use: 2009-2017Table 174: Insulated Concrete Form Market Share Shift in Iranby End-Use: 2009 VS 2019 VS 2025ISRAELTable 175: Insulated Concrete Form Demand Potential in Israelin US$ Thousand by Material: 2018-2025Table 176: Israeli Insulated Concrete Form Historic MarketAnalysis in US$ Thousand by Material: 2009-2017Table 177: Insulated Concrete Form Market in Israel: Breakdownof Sales by Material for 2009, 2019, and 2025Table 178: Israeli Insulated Concrete Form Addressable MarketOpportunity in US$ Thousand by End-Use: 2018-2025Table 179: Insulated Concrete Form Market in Israel:Summarization of Historic Demand in US$ Thousand by End-Use forthe Period 2009-2017Table 180: Israeli Insulated Concrete Form Market ShareAnalysis by End-Use: 2009 VS 2019 VS 2025SAUDI ARABIATable 181: Saudi Arabian Demand Estimates and Forecasts forInsulated Concrete Form Market in US$ Thousand by Material:2018-2025Table 182: Insulated Concrete Form Historic Demand Scenario inSaudi Arabia in US$ Thousand by Material: 2009-2017Table 183: Saudi Arabian Insulated Concrete Form Market ShareBreakdown by Material: 2009 VS 2019 VS 2025Table 184: Saudi Arabian Demand for Insulated Concrete Form inUS$ Thousand by End-Use: 2018 to 2025Table 185: Insulated Concrete Form Market Review in SaudiArabia in US$ Thousand by End-Use: 2009-2017Table 186: Saudi Arabian Insulated Concrete Form Market ShareBreakdown by End-Use: 2009 VS 2019 VS 2025UNITED ARAB EMIRATESTable 187: Insulated Concrete Form Market in the United ArabEmirates: Recent Past, Current and Future Analysis in US$Thousand by Material for the Period 2018-2025Table 188: United Arab Emirates Insulated Concrete FormHistoric Market Analysis in US$ Thousand by Material: 2009-2017Table 189: Insulated Concrete Form Market Share Distribution inUnited Arab Emirates by Material: 2009 VS 2019 VS 2025Table 190: Insulated Concrete Form Market in the United ArabEmirates: Recent Past, Current and Future Analysis in US$Thousand by End-Use for the Period 2018-2025Table 191: United Arab Emirates Insulated Concrete FormHistoric Market Analysis in US$ Thousand by End-Use: 2009-2017Table 192: Insulated Concrete Form Market Share Distribution inUnited Arab Emirates by End-Use: 2009 VS 2019 VS 2025REST OF MIDDLE EASTTable 193: Rest of Middle East Insulated Concrete Form MarketEstimates and Projections in US$ Thousand by Material:2018-2025Table 194: Insulated Concrete Form Market in Rest of MiddleEast: Historic Demand Analysis in US$ Thousand by Material forthe Period 2009-2017Table 195: Rest of Middle East Insulated Concrete Form MarketShare Distribution by Material: 2009 VS 2019 VS 2025Table 196: Insulated Concrete Form Market in Rest of MiddleEast: Annual Sales Estimates and Forecasts in US$ Thousand byEnd-Use for the Period 2018-2025Table 197: Rest of Middle East Insulated Concrete Form Marketin Retrospect in US$ Thousand by End-Use: 2009-2017Table 198: Insulated Concrete Form Market Share Distribution inRest of Middle East by End-Use: 2009 VS 2019 VS 2025AFRICATable 199: Insulated Concrete Form Market in Africa in US$Thousand by Material: 2018-2025Table 200: Insulated Concrete Form Historic Demand Patterns inAfrica in US$ Thousand by Material: 2009-2017Table 201: African Insulated Concrete Form Market ShareBreakdown by Material: 2009 VS 2019 VS 2025Table 202: African Insulated Concrete Form Latent DemandForecasts in US$ Thousand by End-Use: 2018 to 2025Table 203: Insulated Concrete Form Historic Demand Patterns inAfrica by End-Use in US$ Thousand for 2009-2017Table 204: Insulated Concrete Form Market Share Breakdown inAfrica by End-Use: 2009 VS 2019 VS 2025 IV. COMPETITIONAMVICBASF SEBECO PRODUCTS LTD.CONFORM GLOBAL (SMARTBLOCK)DURISOL UKFOX BLOCKSKORE WIRELESS GROUPLITEFORMLOGIX INSULATED CONCRETE FORMSNUDURA CORPORATIONPOLYCRETE INTERNATIONALQUAD-LOCK BUILDING SYSTEMS.RASTRASUNBLOCV. CURATED RESEARCHRead the full report: https://www.reportlinker.com/p05798914/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [emailprotected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker Related Links www.reportlinker.com Answer:
Global Insulated Concrete Form Industry
NEW YORK, March 19, 2020 /PRNewswire/ -- Insulated Concrete Form market worldwide is projected to grow by US$515.6 Million, driven by a compounded growth of 5.7%. Expanded Polystyrene Foam, one of the segments analyzed and sized in this study, displays the potential to grow at over 5.8%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$754.5 Million by the year 2025, Expanded Polystyrene Foam will bring in healthy gains adding significant momentum to global growth. Read the full report: https://www.reportlinker.com/p05798914/?utm_source=PRN - Representing the developed world, the United States will maintain a 4.9% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$18.3 Million to the region's size and clout in the next 5 to 6 years. Over US$15.8 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Expanded Polystyrene Foam will reach a market size of US$38.2 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 8.5% over the next couple of years and add approximately US$138.7 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies. - Competitors identified in this market include, among others, Amvic, Inc. BASF SE Beco Products Ltd. Conform Global (SmartBlock) Durisol UK Fox Blocks KORE Wireless Group, Inc. Liteform Logix Insulated Concrete Forms Ltd. Nudura Corporation Polycrete International Quad-Lock Building Systems. Rastra Sunbloc Read the full report: https://www.reportlinker.com/p05798914/?utm_source=PRN I. INTRODUCTION, METHODOLOGY & REPORT SCOPE II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW Insulated Concrete Form Market to Grow SteadilyThe Residential Sector to Register Highest GrowthNorth American Region to Dominate the MarketPolystyrene Foam Segment to Account for Largest ShareGlobal Competitor Market SharesInsulated Concrete Form Competitor Market Share ScenarioWorldwide (in %): 2019 & 2025 2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERSIncreasing Demand for Energy-efficient Green BuildingsTop Drivers of Green Building ActivityMomentum in Construction Activity to Bode Well for Market GrowthAnnual Rate of Construction Spending in Billion USD by Sector:2015-2020OpportunitiesRapid UrbanizationWorldwide Rural and Urban Population in Billions: 1500-2050Innovations in Insulated Concrete to Spur Market DemandHigher Initial Investments May Restrain Market GrowthLack of Awareness and Economic Downturn in Specific RegionsChallenge Market Growth 4. GLOBAL MARKET PERSPECTIVETable 1: Insulated Concrete Form Global Market Estimates andForecasts in US$ Thousand by Region/Country: 2018-2025Table 2: Insulated Concrete Form Global Retrospective MarketScenario in US$ Thousand by Region/Country: 2009-2017Table 3: Insulated Concrete Form Market Share Shift across KeyGeographies Worldwide: 2009 VS 2019 VS 2025Table 4: Expanded Polystyrene Foam (Material) World Market byRegion/Country in US$ Thousand: 2018 to 2025Table 5: Expanded Polystyrene Foam (Material) Historic MarketAnalysis by Region/Country in US$ Thousand: 2009 to 2017Table 6: Expanded Polystyrene Foam (Material) Market ShareBreakdown of Worldwide Sales by Region/Country: 2009 VS 2019 VS2025Table 7: Polyurethane Foam (Material) Potential Growth MarketsWorldwide in US$ Thousand: 2018 to 2025Table 8: Polyurethane Foam (Material) Historic MarketPerspective by Region/Country in US$ Thousand: 2009 to 2017Table 9: Polyurethane Foam (Material) Market Sales Breakdown byRegion/Country in Percentage: 2009 VS 2019 VS 2025Table 10: Other Materials (Material) Geographic Market SpreadWorldwide in US$ Thousand: 2018 to 2025Table 11: Other Materials (Material) Region Wise Breakdown ofGlobal Historic Demand in US$ Thousand: 2009 to 2017Table 12: Other Materials (Material) Market Share Distributionin Percentage by Region/Country: 2009 VS 2019 VS 2025Table 13: Residential (End-Use) Demand Potential Worldwide inUS$ Thousand by Region/Country: 2018-2025Table 14: Residential (End-Use) Historic Sales Analysis in US$Thousand by Region/Country: 2009-2017Table 15: Residential (End-Use) Share Breakdown Review byRegion/Country: 2009 VS 2019 VS 2025Table 16: Non-Residential (End-Use) Worldwide Latent DemandForecasts in US$ Thousand by Region/Country: 2018-2025Table 17: Non-Residential (End-Use) Global Historic Analysis inUS$ Thousand by Region/Country: 2009-2017Table 18: Non-Residential (End-Use) Distribution of GlobalSales by Region/Country: 2009 VS 2019 VS 2025 III. MARKET ANALYSISGEOGRAPHIC MARKET ANALYSISUNITED STATESMarket Facts & FiguresUS Insulated Concrete Form Market Share (in %) by Company: 2019& 2025Market AnalyticsTable 19: Insulated Concrete Form Market in the United Statesin US$ Thousand by Material: 2018-2025Table 20: Insulated Concrete Form Historic Demand Patterns inthe United States in US$ Thousand by Material: 2009-2017Table 21: United States Insulated Concrete Form Market ShareBreakdown by Material: 2009 VS 2019 VS 2025Table 22: United States Insulated Concrete Form Latent DemandForecasts in US$ Thousand by End-Use: 2018 to 2025Table 23: Insulated Concrete Form Historic Demand Patterns inthe United States by End-Use in US$ Thousand for 2009-2017Table 24: Insulated Concrete Form Market Share Breakdown in theUnited States by End-Use: 2009 VS 2019 VS 2025CANADATable 25: Canadian Insulated Concrete Form Market Estimates andForecasts in US$ Thousand by Material: 2018-2025Table 26: Insulated Concrete Form Market in Canada: HistoricAnalysis in US$ Thousand by Material for the period 2009-2017Table 27: Canadian Insulated Concrete Form Market Shares inPercentages by Material: 2009 VS 2019 VS 2025Table 28: Canadian Insulated Concrete Form Market QuantitativeDemand Analysis in US$ Thousand by End-Use: 2018 to 2025Table 29: Insulated Concrete Form Market in Canada:Summarization of Historic Demand Patterns in US$ Thousand byEnd-Use for 2009-2017Table 30: Canadian Insulated Concrete Form Market ShareAnalysis by End-Use: 2009 VS 2019 VS 2025JAPANTable 31: Japanese Insulated Concrete Form Market Estimates andProjections in US$ Thousand by Material: 2018-2025Table 32: Insulated Concrete Form Demand Patterns in Japan inUS$ Thousand by Material: 2009-2017Table 33: Japanese Insulated Concrete Form Market Share inPercentages by Material: 2009 VS 2019 VS 2025Table 34: Japanese Demand Estimates and Forecasts for InsulatedConcrete Form in US$ Thousand by End-Use: 2018 to 2025Table 35: Japanese Insulated Concrete Form Market in US$Thousand by End-Use: 2009-2017Table 36: Insulated Concrete Form Market Share Shift in Japanby End-Use: 2009 VS 2019 VS 2025CHINATable 37: Chinese Demand Estimates and Forecasts for InsulatedConcrete Form Market in US$ Thousand by Material: 2018-2025Table 38: Insulated Concrete Form Historic Demand Scenario inChina in US$ Thousand by Material: 2009-2017Table 39: Chinese Insulated Concrete Form Market ShareBreakdown by Material: 2009 VS 2019 VS 2025Table 40: Chinese Demand for Insulated Concrete Form in US$Thousand by End-Use: 2018 to 2025Table 41: Insulated Concrete Form Market Review in China in US$Thousand by End-Use: 2009-2017Table 42: Chinese Insulated Concrete Form Market ShareBreakdown by End-Use: 2009 VS 2019 VS 2025EUROPEMarket Facts & FiguresEuropean Insulated Concrete Form Market: Competitor MarketShare Scenario (in %) for 2019 & 2025Market AnalyticsTable 43: European Insulated Concrete Form Market DemandScenario in US$ Thousand by Region/Country: 2018-2025Table 44: Insulated Concrete Form Market in Europe: A HistoricMarket Perspective in US$ Thousand by Region/Country for thePeriod 2009-2017Table 45: European Insulated Concrete Form Market Share Shiftby Region/Country: 2009 VS 2019 VS 2025Table 46: Insulated Concrete Form Demand Potential in Europe inUS$ Thousand by Material: 2018-2025Table 47: European Insulated Concrete Form Historic MarketAnalysis in US$ Thousand by Material: 2009-2017Table 48: Insulated Concrete Form Market in Europe : Breakdownof Sales by Material for 2009, 2019, and 2025Table 49: European Insulated Concrete Form Addressable MarketOpportunity in US$ Thousand by End-Use: 2018-2025Table 50: Insulated Concrete Form Market in Europe:Summarization of Historic Demand in US$ Thousand by End-Use forthe Period 2009-2017Table 51: European Insulated Concrete Form Market ShareAnalysis by End-Use: 2009 VS 2019 VS 2025FRANCETable 52: Insulated Concrete Form Recent Past, Current & FutureMarket Analysis in France in US$ Thousand by Material:2018-2025Table 53: French Insulated Concrete Form Market: HistoricReview in US$ Thousand by Material for the Period 2009-2017Table 54: French Insulated Concrete Form Market Share Shift byMaterial: 2009 VS 2019 VS 2025Table 55: Insulated Concrete Form Quantitative Demand Analysisin France in US$ Thousand by End-Use: 2018-2025Table 56: French Insulated Concrete Form Historic Market Reviewin US$ Thousand by End-Use: 2009-2017Table 57: French Insulated Concrete Form Market Share Analysis:A 17-Year Perspective by End-Use for 2009, 2019, and 2025GERMANYTable 58: German Insulated Concrete Form Market Estimates andProjections in US$ Thousand by Material: 2018-2025Table 59: Insulated Concrete Form Market in Germany: HistoricDemand Analysis in US$ Thousand by Material for the Period2009-2017Table 60: German Insulated Concrete Form Market ShareDistribution by Material: 2009 VS 2019 VS 2025Table 61: Insulated Concrete Form Market in Germany: AnnualSales Estimates and Forecasts in US$ Thousand by End-Use forthe Period 2018-2025Table 62: German Insulated Concrete Form Market in Retrospectin US$ Thousand by End-Use: 2009-2017Table 63: Insulated Concrete Form Market Share Distribution inGermany by End-Use: 2009 VS 2019 VS 2025ITALYTable 64: Italian Demand Estimates and Forecasts for InsulatedConcrete Form Market in US$ Thousand by Material: 2018-2025Table 65: Insulated Concrete Form Historic Demand Scenario inItaly in US$ Thousand by Material: 2009-2017Table 66: Italian Insulated Concrete Form Market ShareBreakdown by Material: 2009 VS 2019 VS 2025Table 67: Italian Demand for Insulated Concrete Form in US$Thousand by End-Use: 2018 to 2025Table 68: Insulated Concrete Form Market Review in Italy in US$Thousand by End-Use: 2009-2017Table 69: Italian Insulated Concrete Form Market ShareBreakdown by End-Use: 2009 VS 2019 VS 2025UNITED KINGDOMTable 70: United Kingdom Insulated Concrete Form MarketEstimates and Projections in US$ Thousand by Material:2018-2025Table 71: Insulated Concrete Form Demand Patterns in the UnitedKingdom in US$ Thousand by Material: 2009-2017Table 72: United Kingdom Insulated Concrete Form Market Sharein Percentages by Material: 2009 VS 2019 VS 2025Table 73: United Kingdom Demand Estimates and Forecasts forInsulated Concrete Form in US$ Thousand by End-Use: 2018 to2025Table 74: United Kingdom Insulated Concrete Form Market in US$Thousand by End-Use: 2009-2017Table 75: Insulated Concrete Form Market Share Shift in theUnited Kingdom by End-Use: 2009 VS 2019 VS 2025SPAINTable 76: Spanish Insulated Concrete Form Market Estimates andForecasts in US$ Thousand by Material: 2018-2025Table 77: Insulated Concrete Form Market in Spain: HistoricAnalysis in US$ Thousand by Material for the period 2009-2017Table 78: Spanish Insulated Concrete Form Market Shares inPercentages by Material: 2009 VS 2019 VS 2025Table 79: Spanish Insulated Concrete Form Market QuantitativeDemand Analysis in US$ Thousand by End-Use: 2018 to 2025Table 80: Insulated Concrete Form Market in Spain:Summarization of Historic Demand Patterns in US$ Thousand byEnd-Use for 2009-2017Table 81: Spanish Insulated Concrete Form Market Share Analysisby End-Use: 2009 VS 2019 VS 2025RUSSIATable 82: Insulated Concrete Form Market in Russia in US$Thousand by Material: 2018-2025Table 83: Insulated Concrete Form Historic Demand Patterns inRussia in US$ Thousand by Material: 2009-2017Table 84: Russian Insulated Concrete Form Market ShareBreakdown by Material: 2009 VS 2019 VS 2025Table 85: Russian Insulated Concrete Form Latent DemandForecasts in US$ Thousand by End-Use: 2018 to 2025Table 86: Insulated Concrete Form Historic Demand Patterns inRussia by End-Use in US$ Thousand for 2009-2017Table 87: Insulated Concrete Form Market Share Breakdown inRussia by End-Use: 2009 VS 2019 VS 2025REST OF EUROPETable 88: Insulated Concrete Form Demand Potential in Rest ofEurope in US$ Thousand by Material: 2018-2025Table 89: Rest of Europe Insulated Concrete Form HistoricMarket Analysis in US$ Thousand by Material: 2009-2017Table 90: Insulated Concrete Form Market in Rest of Europe:Breakdown of Sales by Material for 2009, 2019, and 2025Table 91: Rest of Europe Insulated Concrete Form AddressableMarket Opportunity in US$ Thousand by End-Use: 2018-2025Table 92: Insulated Concrete Form Market in Rest of Europe:Summarization of Historic Demand in US$ Thousand by End-Use forthe Period 2009-2017Table 93: Rest of Europe Insulated Concrete Form Market ShareAnalysis by End-Use: 2009 VS 2019 VS 2025ASIA-PACIFICTable 94: Asia-Pacific Insulated Concrete Form Market Estimatesand Forecasts in US$ Thousand by Region/Country: 2018-2025Table 95: Insulated Concrete Form Market in Asia-Pacific:Historic Market Analysis in US$ Thousand by Region/Country forthe Period 2009-2017Table 96: Asia-Pacific Insulated Concrete Form Market ShareAnalysis by Region/Country: 2009 VS 2019 VS 2025Table 97: Insulated Concrete Form Recent Past, Current & FutureMarket Analysis in Asia-Pacific in US$ Thousand by Material:2018-2025Table 98: Asia-Pacific Insulated Concrete Form Market: HistoricReview in US$ Thousand by Material for the Period 2009-2017Table 99: Asia-Pacific Insulated Concrete Form Market ShareShift by Material: 2009 VS 2019 VS 2025Table 100: Insulated Concrete Form Quantitative Demand Analysisin Asia-Pacific in US$ Thousand by End-Use: 2018-2025Table 101: Asia-Pacific Insulated Concrete Form Historic MarketReview in US$ Thousand by End-Use: 2009-2017Table 102: Asia-Pacific Insulated Concrete Form Market ShareAnalysis: A 17-Year Perspective by End-Use for 2009, 2019, and2025AUSTRALIATable 103: Australian Insulated Concrete Form Market Estimatesand Projections in US$ Thousand by Material: 2018-2025Table 104: Insulated Concrete Form Market in Australia:Historic Demand Analysis in US$ Thousand by Material for thePeriod 2009-2017Table 105: Australian Insulated Concrete Form Market ShareDistribution by Material: 2009 VS 2019 VS 2025Table 106: Insulated Concrete Form Market in Australia: AnnualSales Estimates and Forecasts in US$ Thousand by End-Use forthe Period 2018-2025Table 107: Australian Insulated Concrete Form Market inRetrospect in US$ Thousand by End-Use: 2009-2017Table 108: Insulated Concrete Form Market Share Distribution inAustralia by End-Use: 2009 VS 2019 VS 2025INDIATable 109: Indian Insulated Concrete Form Market Estimates andForecasts in US$ Thousand by Material: 2018-2025Table 110: Insulated Concrete Form Market in India: HistoricAnalysis in US$ Thousand by Material for the period 2009-2017Table 111: Indian Insulated Concrete Form Market Shares inPercentages by Material: 2009 VS 2019 VS 2025Table 112: Indian Insulated Concrete Form Market QuantitativeDemand Analysis in US$ Thousand by End-Use: 2018 to 2025Table 113: Insulated Concrete Form Market in India:Summarization of Historic Demand Patterns in US$ Thousand byEnd-Use for 2009-2017Table 114: Indian Insulated Concrete Form Market Share Analysisby End-Use: 2009 VS 2019 VS 2025SOUTH KOREATable 115: Insulated Concrete Form Market in South Korea:Recent Past, Current and Future Analysis in US$ Thousand byMaterial for the Period 2018-2025Table 116: South Korean Insulated Concrete Form Historic MarketAnalysis in US$ Thousand by Material: 2009-2017Table 117: Insulated Concrete Form Market Share Distribution inSouth Korea by Material: 2009 VS 2019 VS 2025Table 118: Insulated Concrete Form Market in South Korea:Recent Past, Current and Future Analysis in US$ Thousand byEnd-Use for the Period 2018-2025Table 119: South Korean Insulated Concrete Form Historic MarketAnalysis in US$ Thousand by End-Use: 2009-2017Table 120: Insulated Concrete Form Market Share Distribution inSouth Korea by End-Use: 2009 VS 2019 VS 2025REST OF ASIA-PACIFICTable 121: Rest of Asia-Pacific Insulated Concrete Form MarketEstimates and Projections in US$ Thousand by Material:2018-2025Table 122: Insulated Concrete Form Demand Patterns in Rest ofAsia-Pacific in US$ Thousand by Material: 2009-2017Table 123: Rest of Asia-Pacific Insulated Concrete Form MarketShare in Percentages by Material: 2009 VS 2019 VS 2025Table 124: Rest of Asia-Pacific Demand Estimates and Forecastsfor Insulated Concrete Form in US$ Thousand by End-Use: 2018 to2025Table 125: Rest of Asia-Pacific Insulated Concrete Form Marketin US$ Thousand by End-Use: 2009-2017Table 126: Insulated Concrete Form Market Share Shift in Restof Asia-Pacific by End-Use: 2009 VS 2019 VS 2025LATIN AMERICATable 127: Latin American Insulated Concrete Form Market Trendsby Region/Country in US$ Thousand: 2018-2025Table 128: Insulated Concrete Form Market in Latin America inUS$ Thousand by Region/Country: A Historic Perspective for thePeriod 2009-2017Table 129: Latin American Insulated Concrete Form MarketPercentage Breakdown of Sales by Region/Country: 2009, 2019,and 2025Table 130: Latin American Demand Estimates and Forecasts forInsulated Concrete Form Market in US$ Thousand by Material:2018-2025Table 131: Insulated Concrete Form Historic Demand Scenario inLatin America in US$ Thousand by Material: 2009-2017Table 132: Latin American Insulated Concrete Form Market ShareBreakdown by Material: 2009 VS 2019 VS 2025Table 133: Latin American Demand for Insulated Concrete Form inUS$ Thousand by End-Use: 2018 to 2025Table 134: Insulated Concrete Form Market Review in LatinAmerica in US$ Thousand by End-Use: 2009-2017Table 135: Latin American Insulated Concrete Form Market ShareBreakdown by End-Use: 2009 VS 2019 VS 2025ARGENTINATable 136: Insulated Concrete Form Demand Potential inArgentina in US$ Thousand by Material: 2018-2025Table 137: Argentinean Insulated Concrete Form Historic MarketAnalysis in US$ Thousand by Material: 2009-2017Table 138: Insulated Concrete Form Market in Argentina:Breakdown of Sales by Material for 2009, 2019, and 2025Table 139: Argentinean Insulated Concrete Form AddressableMarket Opportunity in US$ Thousand by End-Use: 2018-2025Table 140: Insulated Concrete Form Market in Argentina:Summarization of Historic Demand in US$ Thousand by End-Use forthe Period 2009-2017Table 141: Argentinean Insulated Concrete Form Market ShareAnalysis by End-Use: 2009 VS 2019 VS 2025BRAZILTable 142: Insulated Concrete Form Recent Past, Current &Future Market Analysis in Brazil in US$ Thousand by Material:2018-2025Table 143: Brazilian Insulated Concrete Form Market: HistoricReview in US$ Thousand by Material for the Period 2009-2017Table 144: Brazilian Insulated Concrete Form Market Share Shiftby Material: 2009 VS 2019 VS 2025Table 145: Insulated Concrete Form Quantitative Demand Analysisin Brazil in US$ Thousand by End-Use: 2018-2025Table 146: Brazilian Insulated Concrete Form Historic MarketReview in US$ Thousand by End-Use: 2009-2017Table 147: Brazilian Insulated Concrete Form Market ShareAnalysis: A 17-Year Perspective by End-Use for 2009, 2019, and2025MEXICOTable 148: Mexican Insulated Concrete Form Market Estimates andProjections in US$ Thousand by Material: 2018-2025Table 149: Insulated Concrete Form Market in Mexico: HistoricDemand Analysis in US$ Thousand by Material for the Period2009-2017Table 150: Mexican Insulated Concrete Form Market ShareDistribution by Material: 2009 VS 2019 VS 2025Table 151: Insulated Concrete Form Market in Mexico: AnnualSales Estimates and Forecasts in US$ Thousand by End-Use forthe Period 2018-2025Table 152: Mexican Insulated Concrete Form Market in Retrospectin US$ Thousand by End-Use: 2009-2017Table 153: Insulated Concrete Form Market Share Distribution inMexico by End-Use: 2009 VS 2019 VS 2025REST OF LATIN AMERICATable 154: Insulated Concrete Form Market in Rest of LatinAmerica in US$ Thousand by Material: 2018-2025Table 155: Insulated Concrete Form Historic Demand Patterns inRest of Latin America in US$ Thousand by Material: 2009-2017Table 156: Rest of Latin America Insulated Concrete Form MarketShare Breakdown by Material: 2009 VS 2019 VS 2025Table 157: Rest of Latin America Insulated Concrete Form LatentDemand Forecasts in US$ Thousand by End-Use: 2018 to 2025Table 158: Insulated Concrete Form Historic Demand Patterns inRest of Latin America by End-Use in US$ Thousand for 2009-2017Table 159: Insulated Concrete Form Market Share Breakdown inRest of Latin America by End-Use: 2009 VS 2019 VS 2025MIDDLE EASTTable 160: The Middle East Insulated Concrete Form MarketEstimates and Forecasts in US$ Thousand by Region/Country:2018-2025Table 161: Insulated Concrete Form Market in the Middle East byRegion/Country in US$ Thousand: 2009-2017Table 162: The Middle East Insulated Concrete Form Market ShareBreakdown by Region/Country: 2009, 2019, and 2025Table 163: The Middle East Insulated Concrete Form Market inUS$ Thousand by Material: 2018-2025Table 164: Insulated Concrete Form Market in the Middle East:Historic Analysis in US$ Thousand by Material for the period2009-2017Table 165: The Middle East Insulated Concrete Form MarketShares in Percentages by Material: 2009 VS 2019 VS 2025Table 166: The Middle East Insulated Concrete Form MarketQuantitative Demand Analysis in US$ Thousand by End-Use: 2018to 2025Table 167: Insulated Concrete Form Market in the Middle East:Summarization of Historic Demand Patterns in US$ Thousand byEnd-Use for 2009-2017Table 168: The Middle East Insulated Concrete Form Market ShareAnalysis by End-Use: 2009 VS 2019 VS 2025IRANTable 169: Iranian Insulated Concrete Form Market Estimates andProjections in US$ Thousand by Material: 2018-2025Table 170: Insulated Concrete Form Demand Patterns in Iran inUS$ Thousand by Material: 2009-2017Table 171: Iranian Insulated Concrete Form Market Share inPercentages by Material: 2009 VS 2019 VS 2025Table 172: Iranian Demand Estimates and Forecasts for InsulatedConcrete Form in US$ Thousand by End-Use: 2018 to 2025Table 173: Iranian Insulated Concrete Form Market in US$Thousand by End-Use: 2009-2017Table 174: Insulated Concrete Form Market Share Shift in Iranby End-Use: 2009 VS 2019 VS 2025ISRAELTable 175: Insulated Concrete Form Demand Potential in Israelin US$ Thousand by Material: 2018-2025Table 176: Israeli Insulated Concrete Form Historic MarketAnalysis in US$ Thousand by Material: 2009-2017Table 177: Insulated Concrete Form Market in Israel: Breakdownof Sales by Material for 2009, 2019, and 2025Table 178: Israeli Insulated Concrete Form Addressable MarketOpportunity in US$ Thousand by End-Use: 2018-2025Table 179: Insulated Concrete Form Market in Israel:Summarization of Historic Demand in US$ Thousand by End-Use forthe Period 2009-2017Table 180: Israeli Insulated Concrete Form Market ShareAnalysis by End-Use: 2009 VS 2019 VS 2025SAUDI ARABIATable 181: Saudi Arabian Demand Estimates and Forecasts forInsulated Concrete Form Market in US$ Thousand by Material:2018-2025Table 182: Insulated Concrete Form Historic Demand Scenario inSaudi Arabia in US$ Thousand by Material: 2009-2017Table 183: Saudi Arabian Insulated Concrete Form Market ShareBreakdown by Material: 2009 VS 2019 VS 2025Table 184: Saudi Arabian Demand for Insulated Concrete Form inUS$ Thousand by End-Use: 2018 to 2025Table 185: Insulated Concrete Form Market Review in SaudiArabia in US$ Thousand by End-Use: 2009-2017Table 186: Saudi Arabian Insulated Concrete Form Market ShareBreakdown by End-Use: 2009 VS 2019 VS 2025UNITED ARAB EMIRATESTable 187: Insulated Concrete Form Market in the United ArabEmirates: Recent Past, Current and Future Analysis in US$Thousand by Material for the Period 2018-2025Table 188: United Arab Emirates Insulated Concrete FormHistoric Market Analysis in US$ Thousand by Material: 2009-2017Table 189: Insulated Concrete Form Market Share Distribution inUnited Arab Emirates by Material: 2009 VS 2019 VS 2025Table 190: Insulated Concrete Form Market in the United ArabEmirates: Recent Past, Current and Future Analysis in US$Thousand by End-Use for the Period 2018-2025Table 191: United Arab Emirates Insulated Concrete FormHistoric Market Analysis in US$ Thousand by End-Use: 2009-2017Table 192: Insulated Concrete Form Market Share Distribution inUnited Arab Emirates by End-Use: 2009 VS 2019 VS 2025REST OF MIDDLE EASTTable 193: Rest of Middle East Insulated Concrete Form MarketEstimates and Projections in US$ Thousand by Material:2018-2025Table 194: Insulated Concrete Form Market in Rest of MiddleEast: Historic Demand Analysis in US$ Thousand by Material forthe Period 2009-2017Table 195: Rest of Middle East Insulated Concrete Form MarketShare Distribution by Material: 2009 VS 2019 VS 2025Table 196: Insulated Concrete Form Market in Rest of MiddleEast: Annual Sales Estimates and Forecasts in US$ Thousand byEnd-Use for the Period 2018-2025Table 197: Rest of Middle East Insulated Concrete Form Marketin Retrospect in US$ Thousand by End-Use: 2009-2017Table 198: Insulated Concrete Form Market Share Distribution inRest of Middle East by End-Use: 2009 VS 2019 VS 2025AFRICATable 199: Insulated Concrete Form Market in Africa in US$Thousand by Material: 2018-2025Table 200: Insulated Concrete Form Historic Demand Patterns inAfrica in US$ Thousand by Material: 2009-2017Table 201: African Insulated Concrete Form Market ShareBreakdown by Material: 2009 VS 2019 VS 2025Table 202: African Insulated Concrete Form Latent DemandForecasts in US$ Thousand by End-Use: 2018 to 2025Table 203: Insulated Concrete Form Historic Demand Patterns inAfrica by End-Use in US$ Thousand for 2009-2017Table 204: Insulated Concrete Form Market Share Breakdown inAfrica by End-Use: 2009 VS 2019 VS 2025 IV. COMPETITIONAMVICBASF SEBECO PRODUCTS LTD.CONFORM GLOBAL (SMARTBLOCK)DURISOL UKFOX BLOCKSKORE WIRELESS GROUPLITEFORMLOGIX INSULATED CONCRETE FORMSNUDURA CORPORATIONPOLYCRETE INTERNATIONALQUAD-LOCK BUILDING SYSTEMS.RASTRASUNBLOCV. CURATED RESEARCHRead the full report: https://www.reportlinker.com/p05798914/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [emailprotected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker Related Links www.reportlinker.com
edtsum691
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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)--JetBlue (NASDAQ: JBLU) today announced it is partnering with Vault Health to make COVID-19 testing widely available to customers with pending travel plans. The reliable at-home test option provides convenience to customers wanting peace of mind and those who must secure a negative COVID-19 test result before entering certain states and countries or in order to avoid certain mandatory quarantines. Vault Health will handle all testing and provide JetBlue customers both discounts on their tests and a dedicated customer support phone line. The at-home saliva test is administered via online video connection through Vault Health, with a test supervisor who ensures the customer is providing their sample properly. The sample is then overnighted to a laboratory which processes and analyzes the specimen, and results are provided in 72 hours or less. With many states and countries requiring a negative PCR test to enter or avoid quarantine, the test meets the medical standard for many jurisdictions and allows customers another option before travel. We continue to hear from health officials that testing is incredibly important in the fight against the coronavirus, and we want to make sure our customers have options for testing, especially prior to travel, said Joanna Geraghty, president and chief operating officer, JetBlue. As more and more regions reopen, many are requiring test results to enter. Now with easier testing options, those safety requirements may not be a deterrent for travel, but rather provide greater public health and peace of mind with little inconvenience. "We are so happy to be able to provide JetBlue customers peace of mind during their travels," said Jason Feldman, founder and chief executive officer, Vault Health. This saliva test is one of the most reliable and accurate COVID tests available in the country with fast turnaround time to results." In addition to priority support, Vault Health has created a dedicated landing page for JetBlue customers with current reservations, located at https://learn.vaulthealth.com/jetblue/. The page allows customers to provide their JetBlue confirmation code to start the process and receive a discount on testing. It is important to note that many but not all jurisdictions accept PCR tests administered at home or from saliva. All travelers should thoroughly research their destination or reentry travel requirements then make the best decision for testing based on their travel itinerary to avoid any disruptions. Properly timing testing to adhere to travel requirements must also be taken into consideration. JetBlues partnership with Vault Health is part of the airlines broader Safety from the Ground Up program, which focuses on healthy crewmembers, clean air and surfaces, more space and fewer touchpoints, as well as travel flexibility. The airline is dedicated to continuing to evolve this program while focusing on ensuring customers who want or need to travel feel comfortable. To learn more about the airlines safety program, visit jetblue.com/safety. About JetBlue Airways JetBlue is New York's Hometown Airline, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando, and San Juan. JetBlue carries customers across the U.S., Caribbean, and Latin America. For more information, visit jetblue.com. About Vault Health Vault Health is a performance healthcare technology platform designed to help men through specialized in-home treatments for better health. Vault helps men overcome shortcomings in existing healthcare offerings through extensive education, professional medical evaluation, and personalized treatment. At the onset of COVID-19, Vault Health shifted focus and joined in the effort to address the COVID-19 pandemic to facilitate testing with the first FDA-authorized saliva test for men, women, and children. To learn more about Vault Health, visit www.vaulthealth.com. Answer:
JetBlue and Vault Health Partner to Make At-Home COVID-19 Tests More Widely Available to Customers As Health Officials Continue To Emphasize the Importance of Testing, At-Home Solutions Provide Travelers an Additional Resource to Comply with Many Entrance Requirements
NEW YORK--(BUSINESS WIRE)--JetBlue (NASDAQ: JBLU) today announced it is partnering with Vault Health to make COVID-19 testing widely available to customers with pending travel plans. The reliable at-home test option provides convenience to customers wanting peace of mind and those who must secure a negative COVID-19 test result before entering certain states and countries or in order to avoid certain mandatory quarantines. Vault Health will handle all testing and provide JetBlue customers both discounts on their tests and a dedicated customer support phone line. The at-home saliva test is administered via online video connection through Vault Health, with a test supervisor who ensures the customer is providing their sample properly. The sample is then overnighted to a laboratory which processes and analyzes the specimen, and results are provided in 72 hours or less. With many states and countries requiring a negative PCR test to enter or avoid quarantine, the test meets the medical standard for many jurisdictions and allows customers another option before travel. We continue to hear from health officials that testing is incredibly important in the fight against the coronavirus, and we want to make sure our customers have options for testing, especially prior to travel, said Joanna Geraghty, president and chief operating officer, JetBlue. As more and more regions reopen, many are requiring test results to enter. Now with easier testing options, those safety requirements may not be a deterrent for travel, but rather provide greater public health and peace of mind with little inconvenience. "We are so happy to be able to provide JetBlue customers peace of mind during their travels," said Jason Feldman, founder and chief executive officer, Vault Health. This saliva test is one of the most reliable and accurate COVID tests available in the country with fast turnaround time to results." In addition to priority support, Vault Health has created a dedicated landing page for JetBlue customers with current reservations, located at https://learn.vaulthealth.com/jetblue/. The page allows customers to provide their JetBlue confirmation code to start the process and receive a discount on testing. It is important to note that many but not all jurisdictions accept PCR tests administered at home or from saliva. All travelers should thoroughly research their destination or reentry travel requirements then make the best decision for testing based on their travel itinerary to avoid any disruptions. Properly timing testing to adhere to travel requirements must also be taken into consideration. JetBlues partnership with Vault Health is part of the airlines broader Safety from the Ground Up program, which focuses on healthy crewmembers, clean air and surfaces, more space and fewer touchpoints, as well as travel flexibility. The airline is dedicated to continuing to evolve this program while focusing on ensuring customers who want or need to travel feel comfortable. To learn more about the airlines safety program, visit jetblue.com/safety. About JetBlue Airways JetBlue is New York's Hometown Airline, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando, and San Juan. JetBlue carries customers across the U.S., Caribbean, and Latin America. For more information, visit jetblue.com. About Vault Health Vault Health is a performance healthcare technology platform designed to help men through specialized in-home treatments for better health. Vault helps men overcome shortcomings in existing healthcare offerings through extensive education, professional medical evaluation, and personalized treatment. At the onset of COVID-19, Vault Health shifted focus and joined in the effort to address the COVID-19 pandemic to facilitate testing with the first FDA-authorized saliva test for men, women, and children. To learn more about Vault Health, visit www.vaulthealth.com.
edtsum714
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: DALLAS, Aug. 27, 2020 /PRNewswire/ -- Puration, Inc. (USOTC: PURA) today confirmed the company will reveal the new brand name behind its horizontal CBD consumer product expansion into a $500 billion new market opportunity next week on Tuesday, September 1, 2020. The reveal will include highlights on the company's overall expansion plans. The company's expansion plan is built on a solid base CBD beverage business. The company recently reported $1.6 million in revenue with $471,000 in gross profit primarily from sales of its EVERx CBD Sports Water. Sales YTD grew 48% compared to the same period last year. In January of this year, PURA initiated an acquisition campaign to introduce a solution to the cannabis sector-wide challenge with access to capitalby leveraging its own core competencies to acquire CBD infused beverage, edible and topical businesses. PURA targets CBD product acquisitions that can be enhanced with PURA's patented technology. PURA owns a license to a U.S. Patented cannabis extraction process backed by extensive university medical research. The license, issued by NCM Biotech, is exclusive for beverages, edibles and cosmetics among other uses. NCM Biotech is focused on medical research and Puration has access to that research. See a recent research report on CBD extracts derived from NCM Biotech's patented extraction process:Journal of Cannabis Research. Since launching the acquisition campaign in January, the company has acquired a CBD confections business, a CBD pet products business and CBD sun care business. Combined with its existing beverage industry product line, PURA's combined horizontal market opportunity ranges across over$2 trillionin market value: Sexual wellness $39 BillionProjected Market Value Confections $232 BillionProjected Market Value Pet Products$202 BillionProjected Market Value Sun Care$12.6 BillionProjected Market Value Non-Alcoholic Beverage$1.6 TrillionProjected Market Value In conjunction with the acquisition campaign, PURA secured a$5 millioninvestment to fund its acquisition efforts.PURA concentrates on making acquisitions in exchange for royalty agreements and a commitment for PURA to fund a marketing expansion of the product line. PURA is developing a single brand name identity and unified marketing strategy that can cross all five industries listed above in addition to any new industries PURA may enter with future acquisitions. For more information on Puration, visithttp://www.purationinc.com Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease. Contact:Puration, Inc.Brian Shibley,[emailprotected] (800) 861-1350 SOURCE Puration, Inc. Related Links http://www.purationinc.com Answer:
PURA New CBD Consumer Product Brand Following 4 Recent Acquisitions To Be Unveiled Next Week
DALLAS, Aug. 27, 2020 /PRNewswire/ -- Puration, Inc. (USOTC: PURA) today confirmed the company will reveal the new brand name behind its horizontal CBD consumer product expansion into a $500 billion new market opportunity next week on Tuesday, September 1, 2020. The reveal will include highlights on the company's overall expansion plans. The company's expansion plan is built on a solid base CBD beverage business. The company recently reported $1.6 million in revenue with $471,000 in gross profit primarily from sales of its EVERx CBD Sports Water. Sales YTD grew 48% compared to the same period last year. In January of this year, PURA initiated an acquisition campaign to introduce a solution to the cannabis sector-wide challenge with access to capitalby leveraging its own core competencies to acquire CBD infused beverage, edible and topical businesses. PURA targets CBD product acquisitions that can be enhanced with PURA's patented technology. PURA owns a license to a U.S. Patented cannabis extraction process backed by extensive university medical research. The license, issued by NCM Biotech, is exclusive for beverages, edibles and cosmetics among other uses. NCM Biotech is focused on medical research and Puration has access to that research. See a recent research report on CBD extracts derived from NCM Biotech's patented extraction process:Journal of Cannabis Research. Since launching the acquisition campaign in January, the company has acquired a CBD confections business, a CBD pet products business and CBD sun care business. Combined with its existing beverage industry product line, PURA's combined horizontal market opportunity ranges across over$2 trillionin market value: Sexual wellness $39 BillionProjected Market Value Confections $232 BillionProjected Market Value Pet Products$202 BillionProjected Market Value Sun Care$12.6 BillionProjected Market Value Non-Alcoholic Beverage$1.6 TrillionProjected Market Value In conjunction with the acquisition campaign, PURA secured a$5 millioninvestment to fund its acquisition efforts.PURA concentrates on making acquisitions in exchange for royalty agreements and a commitment for PURA to fund a marketing expansion of the product line. PURA is developing a single brand name identity and unified marketing strategy that can cross all five industries listed above in addition to any new industries PURA may enter with future acquisitions. For more information on Puration, visithttp://www.purationinc.com Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease. Contact:Puration, Inc.Brian Shibley,[emailprotected] (800) 861-1350 SOURCE Puration, Inc. Related Links http://www.purationinc.com
edtsum720
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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)-- This announcement is for our U.S.$5,000,000,000 Euro Medium Term Note Programme Mitsui & Co., Ltd. (Mitsui, Head Office: Tokyo, President and CEO: Tatsuo Yasunaga), together with its partner Beach Energy Limited has made a final investment decision subject to necessary government approvals, as the operator of a gas development project relating to the Waitsia gas field (Waitsia) in the state of Western Australia, called the Waitsia Gas Project Stage 2 Development (Stage 2 Development). Mitsui holds a 50% interest in the Waitsia through AWE Pty Ltd (AWE). In 2018, Mitsui acquired AWE which has an interest in Waitsia, located onshore approximately 350 km north of Perth, Western Australia. The acquisition was primarily to expand Mitsuis competitive oil and gas portfolio in Australia and to gain operatorship capabilities. The Waitsia discovery is one of the largest onshore natural gas fields in Australia. In addition to the increase of reserves confirmed after Mitsuis acquisition of AWE, securing access to LNG markets, through the LNG facilities owned by the North West Shelf Joint Venture (NWS JV)1 in which Mitsui participates, enabled the Stage 2 development to progress.2 The aim of the Stage 2 Development is to contribute to the stable supply of LNG to meet increasing global demand as well as to continue supplying domestic gas for use by Western Australian manufacturers and consumers. It will also contribute to a low-carbon society by promoting fuel conversion to gas in the medium term. Through the Stage 2 Development, gas production capacity of 250 TJ/day will be added to the current Stage 1 capacity of 20 TJ/day. The Stage 2 Development involves the drilling of additional wells and the construction of a new gas plant with a gross capital expenditure of A$768mil (JPY59.3 billion), of which A$384mil (JPY 29.7 billion) net to Mitsui. The commencement of production from the Stage 2 Development is planned in the 2nd half of 2023. Waitsia creates strategic value by enhancing Mitsuis function as an operator in the broad range of energy business. The project utilizes Mitsuis comprehensive strengths, and takes a lead in creating value across the gas supply chain. It also enables Mitsui to develop further business opportunities by utilizing its accumulated knowledge and expertise in areas such as gas value chain and carbon management. The impact of this decision on Mitsuis profit for the year ending March 2021 is expected to be minor. [Participating Interest Holders of Waitsia] AWE Pty Ltd (operator) 50% Beach Energy Limited 50% For inquiries on this matter, please contact: Mitsui & Co., Ltd. IR Div. TEL: +81-3-3285-7657 Corporate Communications Div. TEL: +81-80-5912-0321 Notice: This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements. This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us. 1 Mitsui has a 50% equity interest in Japan Australia LNG (MIMI) Pty Ltd, which holds a 16.67% participating interest in the NWS JV. 2 A Gas Processing Agreement between NWS JV and the Waitsia Joint Venture with a parent company guarantee made by Mitsui in favor of NWS JV was signed to secure the right to use the LNG plant to liquefy and export Waitsia gas. Answer:
Final Investment Decision for the Waitsia Gas Project Stage 2 Development
LONDON--(BUSINESS WIRE)-- This announcement is for our U.S.$5,000,000,000 Euro Medium Term Note Programme Mitsui & Co., Ltd. (Mitsui, Head Office: Tokyo, President and CEO: Tatsuo Yasunaga), together with its partner Beach Energy Limited has made a final investment decision subject to necessary government approvals, as the operator of a gas development project relating to the Waitsia gas field (Waitsia) in the state of Western Australia, called the Waitsia Gas Project Stage 2 Development (Stage 2 Development). Mitsui holds a 50% interest in the Waitsia through AWE Pty Ltd (AWE). In 2018, Mitsui acquired AWE which has an interest in Waitsia, located onshore approximately 350 km north of Perth, Western Australia. The acquisition was primarily to expand Mitsuis competitive oil and gas portfolio in Australia and to gain operatorship capabilities. The Waitsia discovery is one of the largest onshore natural gas fields in Australia. In addition to the increase of reserves confirmed after Mitsuis acquisition of AWE, securing access to LNG markets, through the LNG facilities owned by the North West Shelf Joint Venture (NWS JV)1 in which Mitsui participates, enabled the Stage 2 development to progress.2 The aim of the Stage 2 Development is to contribute to the stable supply of LNG to meet increasing global demand as well as to continue supplying domestic gas for use by Western Australian manufacturers and consumers. It will also contribute to a low-carbon society by promoting fuel conversion to gas in the medium term. Through the Stage 2 Development, gas production capacity of 250 TJ/day will be added to the current Stage 1 capacity of 20 TJ/day. The Stage 2 Development involves the drilling of additional wells and the construction of a new gas plant with a gross capital expenditure of A$768mil (JPY59.3 billion), of which A$384mil (JPY 29.7 billion) net to Mitsui. The commencement of production from the Stage 2 Development is planned in the 2nd half of 2023. Waitsia creates strategic value by enhancing Mitsuis function as an operator in the broad range of energy business. The project utilizes Mitsuis comprehensive strengths, and takes a lead in creating value across the gas supply chain. It also enables Mitsui to develop further business opportunities by utilizing its accumulated knowledge and expertise in areas such as gas value chain and carbon management. The impact of this decision on Mitsuis profit for the year ending March 2021 is expected to be minor. [Participating Interest Holders of Waitsia] AWE Pty Ltd (operator) 50% Beach Energy Limited 50% For inquiries on this matter, please contact: Mitsui & Co., Ltd. IR Div. TEL: +81-3-3285-7657 Corporate Communications Div. TEL: +81-80-5912-0321 Notice: This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements. This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us. 1 Mitsui has a 50% equity interest in Japan Australia LNG (MIMI) Pty Ltd, which holds a 16.67% participating interest in the NWS JV. 2 A Gas Processing Agreement between NWS JV and the Waitsia Joint Venture with a parent company guarantee made by Mitsui in favor of NWS JV was signed to secure the right to use the LNG plant to liquefy and export Waitsia gas.
edtsum722
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: MCLEAN, Va. & BEDFORD, Mass.--(BUSINESS WIRE)--MITRE Engenuity will assess commercial cybersecurity products ability to detect the threat posed by the groups commonly known as Sandworm and Wizard Spider, both of whom have used data encryption as a key element of their attacks. Applications for evaluation are available through May 28. Analysts believe that Sandworm used data encryption to incur more than $10 billion in damage to industry in attacks with its NotPetya malware. The group is also widely suspected of attacks that have shut down the Ukrainian electrical grid on multiple occasions. Wizard Spider has reportedly used data encryption to steal more than $150 million through ransomware attacks. The evaluations will use ATT&CK, a MITRE-curated knowledge base of adversary tactics, techniques, and procedures that is based on published threat reporting. ATT&CK is freely available and is used by cyber defenders in areas including finance, healthcare, energy, manufacturing, retail, and government to understand adversary behavior and tradecraft. MITRE Engenuity will evaluate each participating vendors ability to detect the threats posed by Sandworm and Wizard Spider in two distinct scenarios during the evaluation. All results will be released, and the format will allow the public to see them in their entirety or filtered by adversary. Sandworm and Wizard Spider use a range of strategies and tactics that are typical of a broad range of adversaries that employ data encryption to achieve their goals, said Frank Duff, ATT&CK Evaluations lead. Were increasingly receiving requests to address high-impact techniques like data encryption, which can devastate healthcare organizations, municipal governments, and a wide range of other critical infrastructure, Duff said. However, these emulated scenarios will still include the full range of tactics and techniques that these groups use as they penetrate and operate on networks prior to encrypting data. MITRE Engenuity plans to announce results shortly from its evaluations based on Carbanak and FIN7, groups that analysts believe have stolen more than $1 billion across hundreds of businesses in the financial services and hospitality industries over the past five years. Earlier ATT&CK evaluations examined the threat posed by APT3, a Chinese-based threat group that analysts believe has targeted U.S. organizations and Hong Kong-based political targets, and APT29, a group attributed to the Russian government and the compromise of the Democratic National Committee that started in 2015. Cybersecurity vendors may apply for an evaluation via evals@mitre-engenuity.org. The evaluations are paid for by vendors and are intended to help vendors and end users better understand their products capabilities in relation to the ATT&CK framework. MITRE Engenuity makes the methodology and resulting data publicly available so other organizations may benefit and conduct their own analysis and interpretation. The evaluations do not provide scores, ranks, or endorsements. Results will be announced in early 2022. Vendors can sign up for an optional extension to their detection evaluation that will exercise their ability to protect against specific adversary techniques utilized by these groups. About MITRE Engenuity MITRE Engenuity is a tech foundation that collaborates with the private sector on challenges that demand public interest solutions, to include cybersecurity, infrastructure resilience, healthcare effectiveness, microelectronics, quantum sensing and next generation communications. www.mitre-engenuity.org Answer:
MITRE Engenuity to Evaluate Cybersecurity Products Against Data Encryption Threats Including Ransomware ATT&CK Evaluations to Emulate Tactics, Techniques of Sandworm and Wizard Spider Groups
MCLEAN, Va. & BEDFORD, Mass.--(BUSINESS WIRE)--MITRE Engenuity will assess commercial cybersecurity products ability to detect the threat posed by the groups commonly known as Sandworm and Wizard Spider, both of whom have used data encryption as a key element of their attacks. Applications for evaluation are available through May 28. Analysts believe that Sandworm used data encryption to incur more than $10 billion in damage to industry in attacks with its NotPetya malware. The group is also widely suspected of attacks that have shut down the Ukrainian electrical grid on multiple occasions. Wizard Spider has reportedly used data encryption to steal more than $150 million through ransomware attacks. The evaluations will use ATT&CK, a MITRE-curated knowledge base of adversary tactics, techniques, and procedures that is based on published threat reporting. ATT&CK is freely available and is used by cyber defenders in areas including finance, healthcare, energy, manufacturing, retail, and government to understand adversary behavior and tradecraft. MITRE Engenuity will evaluate each participating vendors ability to detect the threats posed by Sandworm and Wizard Spider in two distinct scenarios during the evaluation. All results will be released, and the format will allow the public to see them in their entirety or filtered by adversary. Sandworm and Wizard Spider use a range of strategies and tactics that are typical of a broad range of adversaries that employ data encryption to achieve their goals, said Frank Duff, ATT&CK Evaluations lead. Were increasingly receiving requests to address high-impact techniques like data encryption, which can devastate healthcare organizations, municipal governments, and a wide range of other critical infrastructure, Duff said. However, these emulated scenarios will still include the full range of tactics and techniques that these groups use as they penetrate and operate on networks prior to encrypting data. MITRE Engenuity plans to announce results shortly from its evaluations based on Carbanak and FIN7, groups that analysts believe have stolen more than $1 billion across hundreds of businesses in the financial services and hospitality industries over the past five years. Earlier ATT&CK evaluations examined the threat posed by APT3, a Chinese-based threat group that analysts believe has targeted U.S. organizations and Hong Kong-based political targets, and APT29, a group attributed to the Russian government and the compromise of the Democratic National Committee that started in 2015. Cybersecurity vendors may apply for an evaluation via evals@mitre-engenuity.org. The evaluations are paid for by vendors and are intended to help vendors and end users better understand their products capabilities in relation to the ATT&CK framework. MITRE Engenuity makes the methodology and resulting data publicly available so other organizations may benefit and conduct their own analysis and interpretation. The evaluations do not provide scores, ranks, or endorsements. Results will be announced in early 2022. Vendors can sign up for an optional extension to their detection evaluation that will exercise their ability to protect against specific adversary techniques utilized by these groups. About MITRE Engenuity MITRE Engenuity is a tech foundation that collaborates with the private sector on challenges that demand public interest solutions, to include cybersecurity, infrastructure resilience, healthcare effectiveness, microelectronics, quantum sensing and next generation communications. www.mitre-engenuity.org
edtsum723
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: BOULDER, Colo., Aug.6, 2020 /PRNewswire/ --The month of June was another milestone for Colorado's legal cannabis market, with monthly sales surpassing $200 million for the first time. Sales in Colorado grew 5% consecutively from May 2020 and over 30% year-over-year compared to June 2019. According to BDSA's most recent wave of Consumer Insights research, 72% of Colorado residents (adults, 21+) are now either consuming or open to consuming cannabis products, driving product innovation to meet consumer expectations for accurate dosing, consistent experiences, and specific wellness benefits. In the first half of 2020, Colorado's legal cannabis sales reached $980 million, increasing 19% from the same period a year ago. During the same time period, flower sales increased by a remarkable 36% in the category over the same period a year ago as consumers flock back to this traditional form of consumption. In June, flower sales accounted for over 48% of total monthly sales. Pre-rolled joints generated $11.2 million in sales for June 2020 and were also up a dramatic 26% from June 2019. Other major product categories also experienced strong growth. The $58.2 million in concentrate sales during June 2020 represented a 13% increase from the same period in 2019 and sales of all ingestible products generated $29.8 million, a 22% increase from June 2019. For more information, please visit www.bdsa.com. About BDSAHeadquartered inBoulder, Colo., BDSA (formerly BDS Analytics) helps businesses improve revenues, reduce innovation risk and prioritize market expansion. The company provides a holistic understanding of the cannabinoid market by generating comprehensive, accurate and actionable insights across point-of-sale data, consumer research and global cannabis industry forecast models, available through the award-winning GreenEdge data platform. To learn more about how you can utilize BDSA's market research and insights, please visitwww.bdsa.com. MEDIA CONTACT North 6th AgencyCarrie Booze212.334.9753, ext. 142[emailprotected] SOURCE BDSA Related Links http://www.bdsa.com Answer:
Colorado Legal Cannabis Market Passes Historic Milestone Colorado Market Surpasses $200 Million in Monthly Sales and Nearly $1 Billion for 1H 2020
BOULDER, Colo., Aug.6, 2020 /PRNewswire/ --The month of June was another milestone for Colorado's legal cannabis market, with monthly sales surpassing $200 million for the first time. Sales in Colorado grew 5% consecutively from May 2020 and over 30% year-over-year compared to June 2019. According to BDSA's most recent wave of Consumer Insights research, 72% of Colorado residents (adults, 21+) are now either consuming or open to consuming cannabis products, driving product innovation to meet consumer expectations for accurate dosing, consistent experiences, and specific wellness benefits. In the first half of 2020, Colorado's legal cannabis sales reached $980 million, increasing 19% from the same period a year ago. During the same time period, flower sales increased by a remarkable 36% in the category over the same period a year ago as consumers flock back to this traditional form of consumption. In June, flower sales accounted for over 48% of total monthly sales. Pre-rolled joints generated $11.2 million in sales for June 2020 and were also up a dramatic 26% from June 2019. Other major product categories also experienced strong growth. The $58.2 million in concentrate sales during June 2020 represented a 13% increase from the same period in 2019 and sales of all ingestible products generated $29.8 million, a 22% increase from June 2019. For more information, please visit www.bdsa.com. About BDSAHeadquartered inBoulder, Colo., BDSA (formerly BDS Analytics) helps businesses improve revenues, reduce innovation risk and prioritize market expansion. The company provides a holistic understanding of the cannabinoid market by generating comprehensive, accurate and actionable insights across point-of-sale data, consumer research and global cannabis industry forecast models, available through the award-winning GreenEdge data platform. To learn more about how you can utilize BDSA's market research and insights, please visitwww.bdsa.com. MEDIA CONTACT North 6th AgencyCarrie Booze212.334.9753, ext. 142[emailprotected] SOURCE BDSA Related Links http://www.bdsa.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: PEMBROKE, Bermuda--(BUSINESS WIRE)--The Board of Directors of RenaissanceRe Holdings Ltd. (NYSE: RNR) announced today a quarterly dividend of $0.35 per common share on its common shares. The dividend is payable on December 31, 2020, to shareholders of record on December 15, 2020. About RenaissanceRe RenaissanceRe is a global provider of reinsurance and insurance that specializes in matching well-structured risks with efficient sources of capital. The Company provides property, casualty and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries. Established in 1993, the Company has offices in Bermuda, Australia, Ireland, Singapore, Switzerland, the United Kingdom and the United States. Answer:
RenaissanceRe Holdings Ltd. Announces Quarterly Dividend
PEMBROKE, Bermuda--(BUSINESS WIRE)--The Board of Directors of RenaissanceRe Holdings Ltd. (NYSE: RNR) announced today a quarterly dividend of $0.35 per common share on its common shares. The dividend is payable on December 31, 2020, to shareholders of record on December 15, 2020. About RenaissanceRe RenaissanceRe is a global provider of reinsurance and insurance that specializes in matching well-structured risks with efficient sources of capital. The Company provides property, casualty and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries. Established in 1993, the Company has offices in Bermuda, Australia, Ireland, Singapore, Switzerland, the United Kingdom and the United States.
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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: DETROIT, Feb. 9, 2021 /PRNewswire/ --Autobooks, the small business payment and accounting services platform, today announced they have partnered with Community Bank, N.A. to provide an integrated online banking experience for its small business customers. This partnership is facilitated by Jack Henry & Associates, a leading provider of turnkey financial technology solutions and services. Through Autobooks, small and micro-business customers of Community Bank, N.A. will be able to send digital invoices and accept online payments directly from Jack Henry's Banno Digital Platform. Providing integrated receivables as a feature of its digital banking channels will enable Community Bank, N.A. to better serve their small and micro-businesses that are actively seeking ways to accept online payments, while increasing non-interest fee income for the bank. In addition to integrated receivables, Autobooks will make available its complete small business product suite to customers of Community Bank, N.A. The offering includes digital invoicing, accounting, payment acceptance, payables and financial reporting solutions. Autobooks will also deploy its full suite of go-to-market materials and services to support the bank's efforts and success in rolling out the product suite. This blended model of product and go-to-market enablement allows banks to launch in as little as 90 days; effectively scaling the bank's operations from product delivery through adoption and utilization by the banking customer. "We're seeing a whole host of market changes the rise of challenger banks, the accelerated shift from in-person transactions to online, growing expectation of sophisticated and user-friendly software that drive demand for solutions like Autobooks," said Aaron Friot, SVP and Chief Technology Officer at Community Bank, N.A. "Our small and micro-business customers have a wide variety of needs that aren't cookie cutter to what other expensive solutions provide. Autobooks is ideal because of its low-cost entry point, go-to-market support services and small-business focused features that suit our customer's needs." Community Bank, N.A. has over $13 billion in assets, and more than 235 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont and Western Massachusetts. The financial institution has relied upon Jack Henry & Associates as its technology partner for more than a decade. In that time, Autobooks has become a proven integration for both Jack Henry banks and credit unions, as well as their digital banking platforms. The most notable of these is their integration with Banno, which spans across both retail and business banking. Future integration efforts that leverage the Banno toolkit will enable Autobooks to further deepen its product experience for the end user. "Community Bank's integration with Autobooks demonstrates the strategic agility necessary to differentiate in the face of disruption," said Ben Metz, Head of Digital at Jack Henry. "And this is precisely why we built Banno from the ground up as an open, API-first platform that gives financial institutions the ability to partner and integrate at will with fintechs of choice." Metz added, "Serving small businesses is relationship-intensive, and this is also why we pioneered a way for banks to extend their live, local, personal service digitally at the moment of need. Together, Banno and Autobooks create a compelling answer to disruptors automating the humanity out of critical small business services." About Community BankCommunity Bank N.A. is a Member FDIC and Equal Housing Lender. It is the wholly-owned national banking subsidiary of Community Bank System, Inc. About Community Bank System Inc. Community Bank System Inc. operates more than 235 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont and Western Massachusetts through its banking subsidiary, Community Bank N.A., and has been serving its communities for more than 150 years. With over $13 billion in assets, the DeWitt, New York-headquartered company is among the country's 125 largest financial institutions. Community Bank N.A. has consistently been ranked among the top 12 best banks in America by Forbes Magazine since the list was first published in 2009, and was most recently ranked tenth in 2020. In addition to a full range of retail and business banking services, the Company offers comprehensive financial planning, insurance and wealth management services through its subsidiaries/business units that include: OneGroup NY Inc., which provides risk management and commercial insurance, employee benefits and personal lines insurance; Community Bank Wealth Management, which provides investment advisory, personal trust and financial planning services, as well as personal, business and nonprofit portfolio design; and Benefit Plans Administrative Services Inc., which provides actuarial, retirement and VEBA/HRA plan administration, and collective investment fund, employee benefit trust and transfer agency services on a national scale. Community Bank System Inc. is listed on the New York Stock Exchange and the company's stock trades under the symbol "CBU." For more information about Community Bank, visit cbna.com or ir.communitybanksystem.com. AboutJack Henry & Associates, Inc.Jack Henry(NASDAQ:JKHY) is a leading provider of technology solutions primarily for the financial services industry. We are an S&P 500 company that serves approximately 9,000 clients nationwide through three divisions:Jack Henry Bankingsupports banks ranging from community banks to multi-billion-dollar institutions;Symitarprovides industry-leading solutions to credit unions of all sizes; andProfitStarsoffers highly specialized solutions to financial institutions of every asset size, as well as diverse corporate entities outside of the financial services industry. With a heritage that has been dedicated to openness, partnership, and user centricity for more than 40 years, we are well-positioned as a driving market force in future-ready digital solutions and payment processing services. We empower our clients and consumers with the human-centered, tech-forward, and insights-driven solutions that will get them where they want to go. Are you future ready? Additional information is available atwww.jackhenry.com. About Banno Digital PlatformJack Henry & Associates'Banno Digital Platformis an award-winning, open, API-first digital banking platform used by over 300 financial institutions to offer seamless user experiences, state-of-the-art digital account opening and live, personal service within the digital channel. Banno digital banking apps clock the fastest response times in the industry across all major digital-banking key performance indicators (KPIs). Visit www.banno.com to learn more. About Autobooks Detroit-based Autobooks is a provider of small business banking solutions that make it simple to get paid online, manage cash flow, and automate accounting. Through Autobooks, financial institutions can provide a small business Ecommerce platform directly embedded within their existing digital banking channels. Visitwww.autobooks.co to learn more. Press Contact: Jennifer Horne[emailprotected]313.265.5508 SOURCE Autobooks Related Links http://www.autobooks.co Answer:
Community Bank, N.A. Engages Autobooks To Support Small Business Banking Clients
DETROIT, Feb. 9, 2021 /PRNewswire/ --Autobooks, the small business payment and accounting services platform, today announced they have partnered with Community Bank, N.A. to provide an integrated online banking experience for its small business customers. This partnership is facilitated by Jack Henry & Associates, a leading provider of turnkey financial technology solutions and services. Through Autobooks, small and micro-business customers of Community Bank, N.A. will be able to send digital invoices and accept online payments directly from Jack Henry's Banno Digital Platform. Providing integrated receivables as a feature of its digital banking channels will enable Community Bank, N.A. to better serve their small and micro-businesses that are actively seeking ways to accept online payments, while increasing non-interest fee income for the bank. In addition to integrated receivables, Autobooks will make available its complete small business product suite to customers of Community Bank, N.A. The offering includes digital invoicing, accounting, payment acceptance, payables and financial reporting solutions. Autobooks will also deploy its full suite of go-to-market materials and services to support the bank's efforts and success in rolling out the product suite. This blended model of product and go-to-market enablement allows banks to launch in as little as 90 days; effectively scaling the bank's operations from product delivery through adoption and utilization by the banking customer. "We're seeing a whole host of market changes the rise of challenger banks, the accelerated shift from in-person transactions to online, growing expectation of sophisticated and user-friendly software that drive demand for solutions like Autobooks," said Aaron Friot, SVP and Chief Technology Officer at Community Bank, N.A. "Our small and micro-business customers have a wide variety of needs that aren't cookie cutter to what other expensive solutions provide. Autobooks is ideal because of its low-cost entry point, go-to-market support services and small-business focused features that suit our customer's needs." Community Bank, N.A. has over $13 billion in assets, and more than 235 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont and Western Massachusetts. The financial institution has relied upon Jack Henry & Associates as its technology partner for more than a decade. In that time, Autobooks has become a proven integration for both Jack Henry banks and credit unions, as well as their digital banking platforms. The most notable of these is their integration with Banno, which spans across both retail and business banking. Future integration efforts that leverage the Banno toolkit will enable Autobooks to further deepen its product experience for the end user. "Community Bank's integration with Autobooks demonstrates the strategic agility necessary to differentiate in the face of disruption," said Ben Metz, Head of Digital at Jack Henry. "And this is precisely why we built Banno from the ground up as an open, API-first platform that gives financial institutions the ability to partner and integrate at will with fintechs of choice." Metz added, "Serving small businesses is relationship-intensive, and this is also why we pioneered a way for banks to extend their live, local, personal service digitally at the moment of need. Together, Banno and Autobooks create a compelling answer to disruptors automating the humanity out of critical small business services." About Community BankCommunity Bank N.A. is a Member FDIC and Equal Housing Lender. It is the wholly-owned national banking subsidiary of Community Bank System, Inc. About Community Bank System Inc. Community Bank System Inc. operates more than 235 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont and Western Massachusetts through its banking subsidiary, Community Bank N.A., and has been serving its communities for more than 150 years. With over $13 billion in assets, the DeWitt, New York-headquartered company is among the country's 125 largest financial institutions. Community Bank N.A. has consistently been ranked among the top 12 best banks in America by Forbes Magazine since the list was first published in 2009, and was most recently ranked tenth in 2020. In addition to a full range of retail and business banking services, the Company offers comprehensive financial planning, insurance and wealth management services through its subsidiaries/business units that include: OneGroup NY Inc., which provides risk management and commercial insurance, employee benefits and personal lines insurance; Community Bank Wealth Management, which provides investment advisory, personal trust and financial planning services, as well as personal, business and nonprofit portfolio design; and Benefit Plans Administrative Services Inc., which provides actuarial, retirement and VEBA/HRA plan administration, and collective investment fund, employee benefit trust and transfer agency services on a national scale. Community Bank System Inc. is listed on the New York Stock Exchange and the company's stock trades under the symbol "CBU." For more information about Community Bank, visit cbna.com or ir.communitybanksystem.com. AboutJack Henry & Associates, Inc.Jack Henry(NASDAQ:JKHY) is a leading provider of technology solutions primarily for the financial services industry. We are an S&P 500 company that serves approximately 9,000 clients nationwide through three divisions:Jack Henry Bankingsupports banks ranging from community banks to multi-billion-dollar institutions;Symitarprovides industry-leading solutions to credit unions of all sizes; andProfitStarsoffers highly specialized solutions to financial institutions of every asset size, as well as diverse corporate entities outside of the financial services industry. With a heritage that has been dedicated to openness, partnership, and user centricity for more than 40 years, we are well-positioned as a driving market force in future-ready digital solutions and payment processing services. We empower our clients and consumers with the human-centered, tech-forward, and insights-driven solutions that will get them where they want to go. Are you future ready? Additional information is available atwww.jackhenry.com. About Banno Digital PlatformJack Henry & Associates'Banno Digital Platformis an award-winning, open, API-first digital banking platform used by over 300 financial institutions to offer seamless user experiences, state-of-the-art digital account opening and live, personal service within the digital channel. Banno digital banking apps clock the fastest response times in the industry across all major digital-banking key performance indicators (KPIs). Visit www.banno.com to learn more. About Autobooks Detroit-based Autobooks is a provider of small business banking solutions that make it simple to get paid online, manage cash flow, and automate accounting. Through Autobooks, financial institutions can provide a small business Ecommerce platform directly embedded within their existing digital banking channels. Visitwww.autobooks.co to learn more. Press Contact: Jennifer Horne[emailprotected]313.265.5508 SOURCE Autobooks Related Links http://www.autobooks.co
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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: NEWPORT BEACH, Calif., March 8, 2021 /PRNewswire/ -- Athena establishes strategic partnership with Intiva Health offering Music Therapy courses for doctors, nurses, and other healthcare providers: http://intiva.io/2MMgaj4Health and wellness are two top priorities in the World and new skills are needed to meet those opportunities: The global wellness industry worth $4.5 trillion in 2017 and is now three times larger than the Worldwide Pharmaceutical Industry (globalwellnessinstitute.org) . Continue Reading Athena Music and Wellness Therapy, Inc E-Learning Market size surpassed USD $200 billion in 2019 and is anticipated to reach USD $375 billion in 2026. With Athena's online and individualized learning ecosystem, the latest technology is employed. Amidst global health concerns, we offer remote online courses and degree programs globally. "Partnering with Intiva Health is a win-win situation. Intiva Health is one of the six key players operating in the Global Healthcare Credentialing Software market. We are so thrilled by this amazing collaboration. Athena's Music Therapy courses will be the non-before unique addition on Ready Doc. Platform," said Roz Huang, CEO of Athena. About Intiva Health:Intiva Health connects licensed medical professionals and facilities to automate the tasks of credentialing, enrollment, continuing medical education, and care team communication/coordination all while maintaining HIPAA-compliance.Intiva Health is recognized within the global healthcare technology market due to its accomplishments and the success of Ready Doc. Ready Doc is the Gold Standard for a platform that can serve facilities across all sectors in the healthcare industry's needs, from credentialing to payer enrollment, HIPAA-compliant communication tools and morewith cutting-edge security using Hashgraph Distributed Ledger Technology (DLT).About Athena Music & Wellness TherapyAthena Music and wellness therapy Inc. is a company that provides solutions to mental health and wellness through music therapy education, treatment, and innovative wellness programs. We are an international education platform with a complete curriculum headquartered in the United States. We are essentially focused on educating the corporate society on the benefits of music therapy in relation to performance and structure. To learn more, please visit us at www.athenamwt.com. Contact: Name: Emily MolinoEmail address: [emailprotected]Physical address: 4695 MacArthur Court, Ste.# 1100, Newport Beach, CA 92660Phone: 1-855-5 AthenaSOURCE Athena Music and Wellness Therapy, Inc. Related Links http://www.athenamwt.com Answer:
Athena Forms Strategic Partnership with Intiva Health Music Therapy Courses for doctors, nurses and other healthcare providers
NEWPORT BEACH, Calif., March 8, 2021 /PRNewswire/ -- Athena establishes strategic partnership with Intiva Health offering Music Therapy courses for doctors, nurses, and other healthcare providers: http://intiva.io/2MMgaj4Health and wellness are two top priorities in the World and new skills are needed to meet those opportunities: The global wellness industry worth $4.5 trillion in 2017 and is now three times larger than the Worldwide Pharmaceutical Industry (globalwellnessinstitute.org) . Continue Reading Athena Music and Wellness Therapy, Inc E-Learning Market size surpassed USD $200 billion in 2019 and is anticipated to reach USD $375 billion in 2026. With Athena's online and individualized learning ecosystem, the latest technology is employed. Amidst global health concerns, we offer remote online courses and degree programs globally. "Partnering with Intiva Health is a win-win situation. Intiva Health is one of the six key players operating in the Global Healthcare Credentialing Software market. We are so thrilled by this amazing collaboration. Athena's Music Therapy courses will be the non-before unique addition on Ready Doc. Platform," said Roz Huang, CEO of Athena. About Intiva Health:Intiva Health connects licensed medical professionals and facilities to automate the tasks of credentialing, enrollment, continuing medical education, and care team communication/coordination all while maintaining HIPAA-compliance.Intiva Health is recognized within the global healthcare technology market due to its accomplishments and the success of Ready Doc. Ready Doc is the Gold Standard for a platform that can serve facilities across all sectors in the healthcare industry's needs, from credentialing to payer enrollment, HIPAA-compliant communication tools and morewith cutting-edge security using Hashgraph Distributed Ledger Technology (DLT).About Athena Music & Wellness TherapyAthena Music and wellness therapy Inc. is a company that provides solutions to mental health and wellness through music therapy education, treatment, and innovative wellness programs. We are an international education platform with a complete curriculum headquartered in the United States. We are essentially focused on educating the corporate society on the benefits of music therapy in relation to performance and structure. To learn more, please visit us at www.athenamwt.com. Contact: Name: Emily MolinoEmail address: [emailprotected]Physical address: 4695 MacArthur Court, Ste.# 1100, Newport Beach, CA 92660Phone: 1-855-5 AthenaSOURCE Athena Music and Wellness Therapy, Inc. Related Links http://www.athenamwt.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: PITTSBURGH, March 17, 2020 /PRNewswire/ --CNX Midstream Partners LP (NYSE: CNXM) ("CNXM" or the "Partnership") announced today that in response to the uncertainty surrounding the global macroeconomic environment, oil and gas markets, debt and equity capital markets, together with the continued impact of the coronavirus, it is re-evaluating its current capital allocation opportunities and will remain flexible based on market conditions and availability of opportunities. CNXM is well prepared for this scenario as the resilience and strength of our assets and business model are projected to generate significant free cash flow in 2020 and 2021. Combined with our strong balance sheet that reflects a conservative leverage profile and significant liquidity, CNXM is in an advantageous position with the optionality to pursue one or more of the following: debt retirement of the Partnership's revolving credit facility or bonds, opportunistic repurchases of its equity securities, accretive investment or divestment opportunities and/or examination of its existing distribution target.During this period of extreme volatility, CNXM remains focused on continuing its strong track record of delivery on its financial and operating targets, generating free cash flow, preserving liquidity, and maintaining optionality to generate low risk returns through capital market dislocations. The chief executive officer of CNXM, Nicholas DeIuliis, stated, "With the continued uncertainty and volatility of the markets, CNXM will remain flexible in these challenging times to make the decisions that it believes are in the best interests of our unitholders; as variables continue to change over the coming days, weeks and months, we will remain steadfast in our commitment to react promptly and prudently, and to make decisions that create value for our unitholders." Mr. DeIuliis concluded by stating that "we believe that CNXM will be well positioned to navigate through the current climate to seize opportunities and further the Partnership's strategic vision." * * * * * CNX Midstream is a growth-oriented master limited partnership that owns, operates, develops and acquires gathering and other midstream energy assets to service natural gas production in the Appalachian Basin inPennsylvaniaand West Virginia. Our assets include natural gas gathering pipelines and compression and dehydration facilities, as well as condensate gathering, collection, separation and stabilization facilities. More information is available at our websitewww.cnxmidstream.com. This press release contains forward-looking statements within the meaning of the federal securities laws. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include the words "will," "believe," "expect," "anticipate," "intend," "estimate" and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. You should not place undue reliance on forward-looking statements. Forward-looking statements include, among others, statements regarding our anticipated 2020 and 2021 free cash flow and the expected uses thereof. Forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict, and there can be no assurance that actual outcomes and results will not differ materially from those expected by our management. You should not place undue reliance on forward-looking statements. Although forward-looking statements reflect our good faith beliefs at the time they are made, they involve known and unknown risks, uncertainties and other factors. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. These risks, contingencies and uncertainties relate to, among other matters, the following: the length and severity of the recent outbreak of the COVID-19 virus and its impact on our business; the performance of our two largest customers, who account for substantially all of our revenue, and the effect of any modifications to their business strategies or other actions that otherwise significantly reduce the volumes of natural gas and condensate transported through our gathering systems;changes in natural gas, oil and NGL prices; general economic conditions, including interest rates; changes in local, regional, national and global demand for natural gas, oil and NGLs; impact of new laws and regulations; and the other risks discussed in the CNXM's periodic filings with the Securities and Exchange Commission, including the Risk Factors section of the CNXM's Annual Report on Form 10-K for the year ended December 31, 2019. CNXM undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, unless required by law. SOURCE CNX Midstream Partners LP Answer:
CNX Midstream Announces Capital Allocation Update
PITTSBURGH, March 17, 2020 /PRNewswire/ --CNX Midstream Partners LP (NYSE: CNXM) ("CNXM" or the "Partnership") announced today that in response to the uncertainty surrounding the global macroeconomic environment, oil and gas markets, debt and equity capital markets, together with the continued impact of the coronavirus, it is re-evaluating its current capital allocation opportunities and will remain flexible based on market conditions and availability of opportunities. CNXM is well prepared for this scenario as the resilience and strength of our assets and business model are projected to generate significant free cash flow in 2020 and 2021. Combined with our strong balance sheet that reflects a conservative leverage profile and significant liquidity, CNXM is in an advantageous position with the optionality to pursue one or more of the following: debt retirement of the Partnership's revolving credit facility or bonds, opportunistic repurchases of its equity securities, accretive investment or divestment opportunities and/or examination of its existing distribution target.During this period of extreme volatility, CNXM remains focused on continuing its strong track record of delivery on its financial and operating targets, generating free cash flow, preserving liquidity, and maintaining optionality to generate low risk returns through capital market dislocations. The chief executive officer of CNXM, Nicholas DeIuliis, stated, "With the continued uncertainty and volatility of the markets, CNXM will remain flexible in these challenging times to make the decisions that it believes are in the best interests of our unitholders; as variables continue to change over the coming days, weeks and months, we will remain steadfast in our commitment to react promptly and prudently, and to make decisions that create value for our unitholders." Mr. DeIuliis concluded by stating that "we believe that CNXM will be well positioned to navigate through the current climate to seize opportunities and further the Partnership's strategic vision." * * * * * CNX Midstream is a growth-oriented master limited partnership that owns, operates, develops and acquires gathering and other midstream energy assets to service natural gas production in the Appalachian Basin inPennsylvaniaand West Virginia. Our assets include natural gas gathering pipelines and compression and dehydration facilities, as well as condensate gathering, collection, separation and stabilization facilities. More information is available at our websitewww.cnxmidstream.com. This press release contains forward-looking statements within the meaning of the federal securities laws. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include the words "will," "believe," "expect," "anticipate," "intend," "estimate" and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. You should not place undue reliance on forward-looking statements. Forward-looking statements include, among others, statements regarding our anticipated 2020 and 2021 free cash flow and the expected uses thereof. Forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict, and there can be no assurance that actual outcomes and results will not differ materially from those expected by our management. You should not place undue reliance on forward-looking statements. Although forward-looking statements reflect our good faith beliefs at the time they are made, they involve known and unknown risks, uncertainties and other factors. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. These risks, contingencies and uncertainties relate to, among other matters, the following: the length and severity of the recent outbreak of the COVID-19 virus and its impact on our business; the performance of our two largest customers, who account for substantially all of our revenue, and the effect of any modifications to their business strategies or other actions that otherwise significantly reduce the volumes of natural gas and condensate transported through our gathering systems;changes in natural gas, oil and NGL prices; general economic conditions, including interest rates; changes in local, regional, national and global demand for natural gas, oil and NGLs; impact of new laws and regulations; and the other risks discussed in the CNXM's periodic filings with the Securities and Exchange Commission, including the Risk Factors section of the CNXM's Annual Report on Form 10-K for the year ended December 31, 2019. CNXM undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, unless required by law. SOURCE CNX Midstream Partners LP
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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: BEVERLY HILLS, Calif., Jan. 12, 2021 /PRNewswire/ --GT Biopharma, Inc. (OTCQB: GTBP) (GTBP.PA) an immuno-oncology company focused on innovative therapies based on the Company's proprietary NK cell engager (TriKE) technology platform is pleased to announce the continuation of enrollment with patient 8 in its GTB-3550 clinical trial following the conclusion of a 30-day Covid-19 related pause in enrolling patients in all clinical trials currently being conducted at the University of Minnesota's Masonic Cancer Center. Patients with CD33+ malignancies (primary induction failure or relapsed AML with failure of one reinduction attempt or high-risk MDS progressed on two lines of therapy) age 18 and older are eligible to participate in the GTB-3550 TriKE clinical trial (NCT03214666). The primary endpoint of the Study is to identify the maximum tolerated dose (MTD) of GTB-3550 TriKE. Correlative objectives include the number, phenotype, activation status and function of NK cells and T cells. GTB-3550 TriKE Demonstrates Clinical Benefit in Patients and 61.7% Reduction in Cancer Burden in patient 7 The GTB-3550 TriKE clinical trial commenced patient enrollment in February 2020 for the treatment of relapsed/refractory acute myeloid leukemia (AML) and high-risk myelodysplastic syndrome (HR-MDS). To date, seven patients have been enrolled in the clinical trial; two patients treated at 5 mcg/kg/day, two patients treated at 10 mcg/kg/day, two patients at 25 mcg/kg/day, and one patient treated at 50 mcg/kg/day. All seven patients have completed therapy. The results to date have been positive and the company continues to expand the enrollment. Clinical Benefit Achieved and Reduction in Cancer Burden in HR-MDS Patient A high-risk myelodysplastic syndromes (HR-MDS) patient had failed hypomethylating agent and Luspatercept therapies prior to being treated with GTB-3550 at 50mcg/kg/day (three consecutive 96-hour continuous infusions). The patient achieved bone marrow blast level reduction from 12% before GTB-3550 therapy to 4.6% post GTB-3550 therapy determined by morphological assessment (61.7% reduction in cancer cells), and had stable hematologic parameters including normal platelet counts throughout therapy. Following this single course of GTB-3550 therapy and the significant reduction in bone marrow blast levels, the patient demonstrated clinical benefit from GTB-3550 therapy, and qualified for and has received a hematopoietic stem cell transplant (HSCT). The only treatment with curative intent for a majority of elderly HR-MDS or relapsed/refractory AML patients is allogeneic hematopoietic stem cell transplant (HSCT). GTB-3550 TriKE therapy represents a novel, low intensity therapeutic option which has the potential to increase HSCT eligibility for elderly HR-MDS and relapsed/refractory AML patients. Achievement of Stable Disease and Reduction in Cancer Burden in AML Patients Two patients with relapsed/refractory acute myeloid leukemia who has previously failed prior therapies prior to being treated with GTB-3550; one patient treated at 5mcg/kg/day achieved stable disease and another patient treated at 25mcg/kg/day experienced a 33% reduction in bone marrow blast levels. No Toxicities / Potent Native NK Cell Activation and Proliferation without Supplemental NK Cell Therapy No signs of clinical immune activation, and no dose limiting toxicity such as cytokine release syndrome (CRS) or serious adverse events (SAEs) or fevers, tachycardia or constitutional symptoms have been observed in any patient treated to date with GTB-3550 TriKE. Correlative studies also showed no shedding of CD16 from patient's NK cells, and potent NK cell activation, proliferation and target cell killing without the need for supplemental autologous NK cell therapy. Targeted delivery of IL-15 to NK cells via GTB-3550 TriKE therapy showed preferential proliferation of NK cells, significantly less effect on CD8+ T-cells, and no observed toxicity at 25x the previous reported MTD for continuous infusion of recombinant human IL-15. GTB-3550 TriKE is a single-chain, tri-specific scFv recombinant fusion protein conjugate composed of the variable regions of the heavy and light chains of anti-CD16 and anti-CD33 antibodies, Mr. Anthony Cataldo, Chairman and Chief Executive Officer of GT Biopharma commented "We are pleased to once again be allowed to proceed with patient enrollment now that the Covid-19 enrollment pause has been removed at the University of Minnesota's Masonic Cancer Center." About GTB-3550 TriKE GTB-3550 is the Company's first TriKE product candidate being initially developed for the treatment or relapsed/refractory acute myeloid leukemia (AML), high-risk myelodysplastic syndrome (HR-MDS). GTB-3550 is a single-chain, tri-specific scFv recombinant fusion protein conjugate composed of the variable regions of the heavy and light chains of anti-CD16 and anti-CD33 antibodies and a modified form of IL-15. The natural killer (NK) cell stimulating cytokine human IL-15 portion of the molecule provides a self-sustaining signal that activates NK cells and enhances their ability to kill cancer cells. About GT Biopharma, Inc. GT Biopharma, Inc. is a clinical stage biopharmaceutical company focused on the development and commercialization of immuno-oncology therapeutic products based our proprietary TriKE NK cell engager platform. Our TriKE platform is designed to harness and enhance the cancer killing abilities of a patient's immune system natural killer cells (NK cells). GT Biopharma has an exclusive worldwide license agreement with the University of Minnesota to further develop and commercialize therapies using TriKE technology. Forward-Looking Statements This press release contains certain forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict, including statements regarding the potential acquisition, the likelihood of closing the potential transaction, our clinical focus, and our current and proposed trials. Words and expressions reflecting optimism, satisfaction or disappointment with current prospects, as well as words such as "believes", "hopes", "intends", "estimates", "expects", "projects", "plans", "anticipates" and variations thereof, or the use of future tense, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. Our forward-looking statements are not a guarantee of performance, and actual results could differ materially from those contained in or expressed by such statements. In evaluating all such statements, we urge you to specifically consider the various risk factors identified in our Form 10-K for the fiscal year ended December31, 2019 in the section titled "Risk Factors" in Part I, Item 1A and in our subsequent Form 10Q Quarterly filings with the Securities and Exchange Commission, any of which could cause actual results to differ materially from those indicated by our forward-looking statements. Our forward-looking statements reflect our current views with respect to future events and are based on currently available financial, economic, scientific, and competitive data and information on current business plans. You should not place undue reliance on our forward-looking statements, which are subject to risks and uncertainties relating to, among other things: (i)the sufficiency of our cash position and our ongoing ability to raise additional capital to fund our operations, (ii)our ability to complete our contemplated clinical trials, or to meet the FDA's requirements with respect to safety and efficacy, (iii) our ability to identify patients to enroll in our clinical trials in a timely fashion, (iv)our ability to achieve approval of a marketable product, (v)design, implementation and conduct of clinical trials, (vii)the results of our clinical trials, including the possibility of unfavorable clinical trial results, (vii)the market for, and marketability of, any product that is approved, (viii)the existence or development of treatments that are viewed by medical professionals or patients as superior to our products, (ix)regulatory initiatives, compliance with governmental regulations and the regulatory approval process, and social conditions, and (x)various other matters, many of which are beyond our control. Should one or more of these risks or uncertainties develop, or should underlying assumptions prove to be incorrect, actual results may vary materially and adversely from those anticipated, believed, estimated, or otherwise indicated by our forward-looking statements. We intend that all forward-looking statements made in this press release will be subject to the safe harbor protection of the federal securities laws pursuant to Section27A of the Securities Act, to the extent applicable. Except as required by law, we do not undertake any responsibility to update these forward-looking statements to take into account events or circumstances that occur after the date of this press release. Additionally, we do not undertake any responsibility to update you on the occurrence of any unanticipated events which may cause actual results to differ from those expressed or implied by these forward-looking statements. For more information, please visit www.gtbiopharma.com. ContactAndrew Barwicki516-662-9461 / [emailprotected] SOURCE GT Biopharma, Inc. Answer:
GT Biopharma Announces Eighth Patient Begins Treatment Of GTB-3550
BEVERLY HILLS, Calif., Jan. 12, 2021 /PRNewswire/ --GT Biopharma, Inc. (OTCQB: GTBP) (GTBP.PA) an immuno-oncology company focused on innovative therapies based on the Company's proprietary NK cell engager (TriKE) technology platform is pleased to announce the continuation of enrollment with patient 8 in its GTB-3550 clinical trial following the conclusion of a 30-day Covid-19 related pause in enrolling patients in all clinical trials currently being conducted at the University of Minnesota's Masonic Cancer Center. Patients with CD33+ malignancies (primary induction failure or relapsed AML with failure of one reinduction attempt or high-risk MDS progressed on two lines of therapy) age 18 and older are eligible to participate in the GTB-3550 TriKE clinical trial (NCT03214666). The primary endpoint of the Study is to identify the maximum tolerated dose (MTD) of GTB-3550 TriKE. Correlative objectives include the number, phenotype, activation status and function of NK cells and T cells. GTB-3550 TriKE Demonstrates Clinical Benefit in Patients and 61.7% Reduction in Cancer Burden in patient 7 The GTB-3550 TriKE clinical trial commenced patient enrollment in February 2020 for the treatment of relapsed/refractory acute myeloid leukemia (AML) and high-risk myelodysplastic syndrome (HR-MDS). To date, seven patients have been enrolled in the clinical trial; two patients treated at 5 mcg/kg/day, two patients treated at 10 mcg/kg/day, two patients at 25 mcg/kg/day, and one patient treated at 50 mcg/kg/day. All seven patients have completed therapy. The results to date have been positive and the company continues to expand the enrollment. Clinical Benefit Achieved and Reduction in Cancer Burden in HR-MDS Patient A high-risk myelodysplastic syndromes (HR-MDS) patient had failed hypomethylating agent and Luspatercept therapies prior to being treated with GTB-3550 at 50mcg/kg/day (three consecutive 96-hour continuous infusions). The patient achieved bone marrow blast level reduction from 12% before GTB-3550 therapy to 4.6% post GTB-3550 therapy determined by morphological assessment (61.7% reduction in cancer cells), and had stable hematologic parameters including normal platelet counts throughout therapy. Following this single course of GTB-3550 therapy and the significant reduction in bone marrow blast levels, the patient demonstrated clinical benefit from GTB-3550 therapy, and qualified for and has received a hematopoietic stem cell transplant (HSCT). The only treatment with curative intent for a majority of elderly HR-MDS or relapsed/refractory AML patients is allogeneic hematopoietic stem cell transplant (HSCT). GTB-3550 TriKE therapy represents a novel, low intensity therapeutic option which has the potential to increase HSCT eligibility for elderly HR-MDS and relapsed/refractory AML patients. Achievement of Stable Disease and Reduction in Cancer Burden in AML Patients Two patients with relapsed/refractory acute myeloid leukemia who has previously failed prior therapies prior to being treated with GTB-3550; one patient treated at 5mcg/kg/day achieved stable disease and another patient treated at 25mcg/kg/day experienced a 33% reduction in bone marrow blast levels. No Toxicities / Potent Native NK Cell Activation and Proliferation without Supplemental NK Cell Therapy No signs of clinical immune activation, and no dose limiting toxicity such as cytokine release syndrome (CRS) or serious adverse events (SAEs) or fevers, tachycardia or constitutional symptoms have been observed in any patient treated to date with GTB-3550 TriKE. Correlative studies also showed no shedding of CD16 from patient's NK cells, and potent NK cell activation, proliferation and target cell killing without the need for supplemental autologous NK cell therapy. Targeted delivery of IL-15 to NK cells via GTB-3550 TriKE therapy showed preferential proliferation of NK cells, significantly less effect on CD8+ T-cells, and no observed toxicity at 25x the previous reported MTD for continuous infusion of recombinant human IL-15. GTB-3550 TriKE is a single-chain, tri-specific scFv recombinant fusion protein conjugate composed of the variable regions of the heavy and light chains of anti-CD16 and anti-CD33 antibodies, Mr. Anthony Cataldo, Chairman and Chief Executive Officer of GT Biopharma commented "We are pleased to once again be allowed to proceed with patient enrollment now that the Covid-19 enrollment pause has been removed at the University of Minnesota's Masonic Cancer Center." About GTB-3550 TriKE GTB-3550 is the Company's first TriKE product candidate being initially developed for the treatment or relapsed/refractory acute myeloid leukemia (AML), high-risk myelodysplastic syndrome (HR-MDS). GTB-3550 is a single-chain, tri-specific scFv recombinant fusion protein conjugate composed of the variable regions of the heavy and light chains of anti-CD16 and anti-CD33 antibodies and a modified form of IL-15. The natural killer (NK) cell stimulating cytokine human IL-15 portion of the molecule provides a self-sustaining signal that activates NK cells and enhances their ability to kill cancer cells. About GT Biopharma, Inc. GT Biopharma, Inc. is a clinical stage biopharmaceutical company focused on the development and commercialization of immuno-oncology therapeutic products based our proprietary TriKE NK cell engager platform. Our TriKE platform is designed to harness and enhance the cancer killing abilities of a patient's immune system natural killer cells (NK cells). GT Biopharma has an exclusive worldwide license agreement with the University of Minnesota to further develop and commercialize therapies using TriKE technology. Forward-Looking Statements This press release contains certain forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict, including statements regarding the potential acquisition, the likelihood of closing the potential transaction, our clinical focus, and our current and proposed trials. Words and expressions reflecting optimism, satisfaction or disappointment with current prospects, as well as words such as "believes", "hopes", "intends", "estimates", "expects", "projects", "plans", "anticipates" and variations thereof, or the use of future tense, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. Our forward-looking statements are not a guarantee of performance, and actual results could differ materially from those contained in or expressed by such statements. In evaluating all such statements, we urge you to specifically consider the various risk factors identified in our Form 10-K for the fiscal year ended December31, 2019 in the section titled "Risk Factors" in Part I, Item 1A and in our subsequent Form 10Q Quarterly filings with the Securities and Exchange Commission, any of which could cause actual results to differ materially from those indicated by our forward-looking statements. Our forward-looking statements reflect our current views with respect to future events and are based on currently available financial, economic, scientific, and competitive data and information on current business plans. You should not place undue reliance on our forward-looking statements, which are subject to risks and uncertainties relating to, among other things: (i)the sufficiency of our cash position and our ongoing ability to raise additional capital to fund our operations, (ii)our ability to complete our contemplated clinical trials, or to meet the FDA's requirements with respect to safety and efficacy, (iii) our ability to identify patients to enroll in our clinical trials in a timely fashion, (iv)our ability to achieve approval of a marketable product, (v)design, implementation and conduct of clinical trials, (vii)the results of our clinical trials, including the possibility of unfavorable clinical trial results, (vii)the market for, and marketability of, any product that is approved, (viii)the existence or development of treatments that are viewed by medical professionals or patients as superior to our products, (ix)regulatory initiatives, compliance with governmental regulations and the regulatory approval process, and social conditions, and (x)various other matters, many of which are beyond our control. Should one or more of these risks or uncertainties develop, or should underlying assumptions prove to be incorrect, actual results may vary materially and adversely from those anticipated, believed, estimated, or otherwise indicated by our forward-looking statements. We intend that all forward-looking statements made in this press release will be subject to the safe harbor protection of the federal securities laws pursuant to Section27A of the Securities Act, to the extent applicable. Except as required by law, we do not undertake any responsibility to update these forward-looking statements to take into account events or circumstances that occur after the date of this press release. Additionally, we do not undertake any responsibility to update you on the occurrence of any unanticipated events which may cause actual results to differ from those expressed or implied by these forward-looking statements. For more information, please visit www.gtbiopharma.com. ContactAndrew Barwicki516-662-9461 / [emailprotected] SOURCE GT Biopharma, Inc.
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: OKLAHOMA CITY--(BUSINESS WIRE)--Paycom Software, Inc. (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced that the Company will virtually present at the Citi 2020 Global Technology Conference on Wednesday, September 9, 2020 at 1:30 p.m. Eastern Time. A live webcast of the presentation will be available at investors.paycom.com under the Events tab. Presentations may include forward-looking information. A webcast replay will be available for 90 days following the event. About Paycom As a leader in payroll and HR technology, Oklahoma City-based Paycom redefines the human capital management industry by allowing companies to effectively navigate a rapidly changing business environment. Its cloud-based software solution is based on a core system of record maintained in a single database for all human capital management functions, providing the functionality that businesses need to manage the complete employment lifecycle, from recruitment to retirement. Paycom has the ability to serve businesses of all sizes and in every industry. As one of the leading human capital management providers, Paycom serves clients in all 50 states from offices across the country. Answer:
Paycom to Virtually Present at the Citi 2020 Global Technology Conference
OKLAHOMA CITY--(BUSINESS WIRE)--Paycom Software, Inc. (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced that the Company will virtually present at the Citi 2020 Global Technology Conference on Wednesday, September 9, 2020 at 1:30 p.m. Eastern Time. A live webcast of the presentation will be available at investors.paycom.com under the Events tab. Presentations may include forward-looking information. A webcast replay will be available for 90 days following the event. About Paycom As a leader in payroll and HR technology, Oklahoma City-based Paycom redefines the human capital management industry by allowing companies to effectively navigate a rapidly changing business environment. Its cloud-based software solution is based on a core system of record maintained in a single database for all human capital management functions, providing the functionality that businesses need to manage the complete employment lifecycle, from recruitment to retirement. Paycom has the ability to serve businesses of all sizes and in every industry. As one of the leading human capital management providers, Paycom serves clients in all 50 states from offices across the country.
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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, March 10, 2021 /PRNewswire/ --State of the Edge, a project under theLF Edge umbrella organization that established an open, interoperable framework for edge independent of hardware, silicon, cloud, or operating system,today announced the release of the 4th annual, State of the Edge 2021 Report. The market and ecosystem report for edge computing shares insight and predictions on how the COVID-19 pandemic disrupted the status quo, how new types of critical infrastructure have emerged to service the next-level requirements, and open source collaboration as the only way to efficiently scale Edge Infrastructure. Tolaga Research, which led the market forecasting research for this report, predicts that between 2019 and 2028, cumulative capital expenditures of up to $800 billion USD will be spent on new and replacement IT server equipment and edge computing facilities. These expenditures will be relatively evenly split between equipment for the device and infrastructure edges. "Our 2021 analysis shows demand for edge infrastructure accelerating in a post COVID-19 world," said Matt Trifiro, co-chair of State of the Edge and CMO of edge infrastructure company Vapor IO. "We've been observing this trend unfold in real-time as companies re-prioritize their digital transformation efforts to account for a more distributed workforce and a heightened need for automation. The new digital norms created in response to the pandemic will be permanent. This will intensify the deployment of new technologies like wireless 5G and autonomous vehicles, but will also impact nearly every sector of the economy, from industrial manufacturing to healthcare." The pandemic is accelerating digital transformation and service adoption. Government lockdowns, social distancing and fragile supply chains had both consumers and enterprises using digital solutions last year that will permanently change the use cases across the spectrum. Expertise in legacy data centers could be obsolete in the next few years as the pandemic has forced the development of tools for remote monitoring, provisioning, repair and management, which will reduce the cost of edge computing. Some of the areas experiencing growth in the Global Infrastructure Edge Power are automotive, smart grid and enterprise technology. As businesses began spending more on edge computing, specific use cases increased including: Manufacturing increased from 3.9 to 6.2 percent, as companies bolster their supply chain and inventory management capabilities and capitalize on automation technologies and autonomous systems. Healthcare, which increased from 6.8 to 8.6 percent, was buoyed by increased expectations for remote healthcare, digital data management and assisted living. Smart cities increased from 5.0 to 6.1 percent in anticipation of increased expenditures in digital infrastructure in the areas such as surveillance, public safety, city services and autonomous systems. "In our individual lock-down environments, each of us is an edge node of the Internet and all our computing is, mostly, edge computing," said Wenjing Chu, senior director of Open Source and Research at Futurewei Technologies, Inc. and LF Edge Governing Board member. "The edge is the center of everything." Open Source is driving innovation at the edge by accelerating the adoption and deployment of edge applications.Open Source has always been the foundation of innovation and this became more prevalent during the pandemic as individuals continued to turn to these communities for normalcy and collaboration. LF Edge, which hosts nine projects including State of the Edge, is an important driver of standards for the telecommunications, cloud and IoT edge. Each project collaborates individually and together to create an open infrastructure that creates an ecosystem of support. LF Edge's projects (Akraino Edge Stack,Baetyl,EdgeX Foundry,Fledge,Home Edge, Open Horizon, Project EVE, and Secure Device Onboard) support emerging edge applications across areas such as non-traditional video and connected things that require lower latency, and faster processing and mobility. "State of the Edge is shaping the future of all facets of just edge computing and the ecosystem that surrounds it," said Arpit Joshipura, General Manager of Networking, IoT and Edge. "The insights in the report reflect the entire LF Edge community and our mission to unify edge computing and support a more robust solution at the IoT, Enterprise, Cloud and Telco edge. We look forward to sharing the ongoing work State of the Edge that amplifies innovations across the entire landscape." Other report highlights and methodologyFor the report, researchers modeled the growth of edge infrastructure from the bottom up, starting with the sector-by-sector use cases likely to drive demand. The forecast considers 43 use cases spanning 11 verticals in calculating the growth, including those represented by smart grids, telecom, manufacturing, retail, healthcare, automotive and mobile consumer services. The vendor-neutral report was edited by Charlie Ashton, Senior Director of Business Development at Napatech, with contributions from Phil Marshall, Chief Research officer at Tolaga Research; Phil Shih, Founder and Managing Director of Structure Research; Technology Journalists Mary Branscombe and Simon Bisson; and Fay Arjomandi, Founder and CEO of mimik. Other highlights from the State of the Edge 2021 Report include: Off-the-shelf services and applications are emerging that accelerate and de-risk the rapid deployment of edge in these segments. The variety of emerging use cases is in turn driving a diversity in edge-focused processor platforms, which now include Arm-based solutions, SmartNICs with FPGA-based workload acceleration and GPUs. Edge facilities will also create new types of interconnection. Similar to how data centers became meeting points for networks, the micro data centers at wireless towers and cable headends that will power edge computing often sit at the crossroads of terrestrial connectivity paths. These locations will become centers of gravity for local interconnection and edge exchange, creating new and newly efficient paths for data. 5G, next-generation SD-WAN and SASE have been standardized. They are well suited to address the multitude of edge computing use cases that are being adopted and are contemplated for the future. As digital services proliferate and drive demand for edge computing, the diversity of network performance requirements will continue to increase. "The State of the Edge report is an important industry and community resource. This year's report features the analysis of diverse experts, mirroring the collaborative approach that we see thriving in the edge computing ecosystem," said Jacob Smith, co-chair of State of the Edge and Vice President of Bare Metal at Equinix. "The 2020 findings underscore the tremendous acceleration of digital transformation efforts in response to the pandemic, and the critical interplay of hardware, software and networks for servicing use cases at the edge." Download the report here. State of the Edge Co-Chairs Matt Trifiro and Jacob Smith, VP Bare Metal Strategy & Marketing of Equinix, will present highlights from the report in a keynote presentation at Open Networking & Edge Executive Forum, a virtual conference on March 10-12. Register here ($50 US) to watch the live presentation onMarch 12 at 7 am PTor access the video on-demand. Trifiro and Smith will also host an LF Edge webinar to showcase the key findings on March 18 at 8 am PT. Register here. About The Linux FoundationFounded in 2000, the Linux Foundation is supported by more than 1,000 members and is the world's leading home for collaboration on open source software, open standards, open data, and open hardware. Linux Foundation's projects are critical to the world's infrastructure including Linux, Kubernetes, Node.js, and more. The Linux Foundation's methodology focuses on leveraging best practices and addressing the needs of contributors, users and solution providers to create sustainable models for open collaboration. For more information, please visit us atlinuxfoundation.org. The Linux Foundation has registered trademarks and uses trademarks. For a list of trademarks of The Linux Foundation, please see our trademark usage page:https://www.linuxfoundation.org/trademark-usage. Linux is a registered trademark of Linus Torvalds. Media Contact: Maemalynn Meanor[emailprotected] SOURCE LF Edge Related Links http://linuxfoundation.org Answer:
LF Edge's State of the Edge 2021 Report Predicts Global Edge Computing Infrastructure Market to be Worth Up to $800 Billion by 2028
SAN FRANCISCO, March 10, 2021 /PRNewswire/ --State of the Edge, a project under theLF Edge umbrella organization that established an open, interoperable framework for edge independent of hardware, silicon, cloud, or operating system,today announced the release of the 4th annual, State of the Edge 2021 Report. The market and ecosystem report for edge computing shares insight and predictions on how the COVID-19 pandemic disrupted the status quo, how new types of critical infrastructure have emerged to service the next-level requirements, and open source collaboration as the only way to efficiently scale Edge Infrastructure. Tolaga Research, which led the market forecasting research for this report, predicts that between 2019 and 2028, cumulative capital expenditures of up to $800 billion USD will be spent on new and replacement IT server equipment and edge computing facilities. These expenditures will be relatively evenly split between equipment for the device and infrastructure edges. "Our 2021 analysis shows demand for edge infrastructure accelerating in a post COVID-19 world," said Matt Trifiro, co-chair of State of the Edge and CMO of edge infrastructure company Vapor IO. "We've been observing this trend unfold in real-time as companies re-prioritize their digital transformation efforts to account for a more distributed workforce and a heightened need for automation. The new digital norms created in response to the pandemic will be permanent. This will intensify the deployment of new technologies like wireless 5G and autonomous vehicles, but will also impact nearly every sector of the economy, from industrial manufacturing to healthcare." The pandemic is accelerating digital transformation and service adoption. Government lockdowns, social distancing and fragile supply chains had both consumers and enterprises using digital solutions last year that will permanently change the use cases across the spectrum. Expertise in legacy data centers could be obsolete in the next few years as the pandemic has forced the development of tools for remote monitoring, provisioning, repair and management, which will reduce the cost of edge computing. Some of the areas experiencing growth in the Global Infrastructure Edge Power are automotive, smart grid and enterprise technology. As businesses began spending more on edge computing, specific use cases increased including: Manufacturing increased from 3.9 to 6.2 percent, as companies bolster their supply chain and inventory management capabilities and capitalize on automation technologies and autonomous systems. Healthcare, which increased from 6.8 to 8.6 percent, was buoyed by increased expectations for remote healthcare, digital data management and assisted living. Smart cities increased from 5.0 to 6.1 percent in anticipation of increased expenditures in digital infrastructure in the areas such as surveillance, public safety, city services and autonomous systems. "In our individual lock-down environments, each of us is an edge node of the Internet and all our computing is, mostly, edge computing," said Wenjing Chu, senior director of Open Source and Research at Futurewei Technologies, Inc. and LF Edge Governing Board member. "The edge is the center of everything." Open Source is driving innovation at the edge by accelerating the adoption and deployment of edge applications.Open Source has always been the foundation of innovation and this became more prevalent during the pandemic as individuals continued to turn to these communities for normalcy and collaboration. LF Edge, which hosts nine projects including State of the Edge, is an important driver of standards for the telecommunications, cloud and IoT edge. Each project collaborates individually and together to create an open infrastructure that creates an ecosystem of support. LF Edge's projects (Akraino Edge Stack,Baetyl,EdgeX Foundry,Fledge,Home Edge, Open Horizon, Project EVE, and Secure Device Onboard) support emerging edge applications across areas such as non-traditional video and connected things that require lower latency, and faster processing and mobility. "State of the Edge is shaping the future of all facets of just edge computing and the ecosystem that surrounds it," said Arpit Joshipura, General Manager of Networking, IoT and Edge. "The insights in the report reflect the entire LF Edge community and our mission to unify edge computing and support a more robust solution at the IoT, Enterprise, Cloud and Telco edge. We look forward to sharing the ongoing work State of the Edge that amplifies innovations across the entire landscape." Other report highlights and methodologyFor the report, researchers modeled the growth of edge infrastructure from the bottom up, starting with the sector-by-sector use cases likely to drive demand. The forecast considers 43 use cases spanning 11 verticals in calculating the growth, including those represented by smart grids, telecom, manufacturing, retail, healthcare, automotive and mobile consumer services. The vendor-neutral report was edited by Charlie Ashton, Senior Director of Business Development at Napatech, with contributions from Phil Marshall, Chief Research officer at Tolaga Research; Phil Shih, Founder and Managing Director of Structure Research; Technology Journalists Mary Branscombe and Simon Bisson; and Fay Arjomandi, Founder and CEO of mimik. Other highlights from the State of the Edge 2021 Report include: Off-the-shelf services and applications are emerging that accelerate and de-risk the rapid deployment of edge in these segments. The variety of emerging use cases is in turn driving a diversity in edge-focused processor platforms, which now include Arm-based solutions, SmartNICs with FPGA-based workload acceleration and GPUs. Edge facilities will also create new types of interconnection. Similar to how data centers became meeting points for networks, the micro data centers at wireless towers and cable headends that will power edge computing often sit at the crossroads of terrestrial connectivity paths. These locations will become centers of gravity for local interconnection and edge exchange, creating new and newly efficient paths for data. 5G, next-generation SD-WAN and SASE have been standardized. They are well suited to address the multitude of edge computing use cases that are being adopted and are contemplated for the future. As digital services proliferate and drive demand for edge computing, the diversity of network performance requirements will continue to increase. "The State of the Edge report is an important industry and community resource. This year's report features the analysis of diverse experts, mirroring the collaborative approach that we see thriving in the edge computing ecosystem," said Jacob Smith, co-chair of State of the Edge and Vice President of Bare Metal at Equinix. "The 2020 findings underscore the tremendous acceleration of digital transformation efforts in response to the pandemic, and the critical interplay of hardware, software and networks for servicing use cases at the edge." Download the report here. State of the Edge Co-Chairs Matt Trifiro and Jacob Smith, VP Bare Metal Strategy & Marketing of Equinix, will present highlights from the report in a keynote presentation at Open Networking & Edge Executive Forum, a virtual conference on March 10-12. Register here ($50 US) to watch the live presentation onMarch 12 at 7 am PTor access the video on-demand. Trifiro and Smith will also host an LF Edge webinar to showcase the key findings on March 18 at 8 am PT. Register here. About The Linux FoundationFounded in 2000, the Linux Foundation is supported by more than 1,000 members and is the world's leading home for collaboration on open source software, open standards, open data, and open hardware. Linux Foundation's projects are critical to the world's infrastructure including Linux, Kubernetes, Node.js, and more. The Linux Foundation's methodology focuses on leveraging best practices and addressing the needs of contributors, users and solution providers to create sustainable models for open collaboration. For more information, please visit us atlinuxfoundation.org. The Linux Foundation has registered trademarks and uses trademarks. For a list of trademarks of The Linux Foundation, please see our trademark usage page:https://www.linuxfoundation.org/trademark-usage. Linux is a registered trademark of Linus Torvalds. Media Contact: Maemalynn Meanor[emailprotected] SOURCE LF Edge Related Links http://linuxfoundation.org
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: DUBLIN, March 24, 2020 /PRNewswire/ -- The "Vital Signs Monitoring Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027" report has been added to ResearchAndMarkets.com's offering. This report on the vital signs monitoring systems market studies the past as well as current growth trends and opportunities to gain valuable insights of these indicators for the market during the forecast period from 2019 to 2027. The report provides the overall revenue of the global vital signs monitoring systems market for the period 2017-2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global vital signs monitoring systems market during the forecast period.The report has been prepared after an extensive research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players' product literature, annual reports, press releases, and relevant documents to understand the global vital signs monitoring system market.Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various phenomenon in the global vital signs monitoring system market.The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report sheds light on changing competitive dynamics in the global vital signs monitoring system market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global vital signs monitoring system market.The report delves into the competitive landscape of the global vital signs monitoring system market. Key players operating in the global vital signs monitoring systems market have been identified, and each one of these is profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOTs are some of the attributes of players in the global vital signs monitoring systems market that have been profiled in this report.Key Questions Answered What is the scope of growth of product companies in the global vital signs monitoring system market? What will be the Y-o-Y growth of the global vital signs monitoring systems market between 2019 and 2027? What is the influence of changing trends in technologies on the global vital signs monitoring system market? Will North America continue to be the most profitable regional market for vital signs monitoring system providers? Which factors will impede the growth of the global vital signs monitoring systems market during the forecast period? Which are the leading companies in the global vital signs monitoring system market? Key Topics Covered: 1. Preface1.1. Market Definition and Scope1.2. Market Segmentation1.3. Key Research Objectives1.4. Research Highlights2. Assumptions and Research Methodology3. Executive Summary: Global Vital Signs Monitoring System Market4. Market Overview4.1. Introduction4.1.1. Modality Definition4.1.2. Industry Evolution / Developments4.2. Overview4.3. Market Dynamics4.3.1. Drivers4.3.1.1. Rise in prevalence of chronic diseases4.3.1.2. Increase in number of cases among geriatric population4.3.1.3. Adoption of technologically advanced products4.3.1.4. Reimbursement support4.3.2. Restraints4.3.2.1. Product recall4.3.2.2. High cost of vital signs monitor4.3.3. Opportunities4.4. Global Vital Signs Monitoring System Market Analysis and Forecast, 2017-20275. Market Outlook5.1. Technological Advancement 5.2. Epidemiology of Cardiovascular & Respiratory Diseases, by Region/Sub-region5.3. Overview of Vital Signs (Body Temperature/Blood Pressure/Pulse Rate/Respiratory Rate, etc.)5.4. Key Industry Events (Product launch and approval, Key merger & acquisition etc.)6. Global Vital Signs Monitoring System Market Analysis and Forecast, by Modality6.1. Introduction & Definition6.2. Key Findings / Developments6.3. Global Vital Signs Monitoring System Market Value Forecast, by Modality, 2017-20276.3.1. Bench-top6.3.2. Handheld6.3.3. Wearable6.4. Global Vital Signs Monitoring System Market Attractiveness, by Modality7. Global Vital Signs Monitoring System Market Analysis and Forecast, by Technology7.1. Introduction & Definition7.2. Key Findings / Developments7.3. Global Vital Signs Monitoring System Market Value Forecast by Technology, 2017-20277.3.1. Connected Devices7.3.2. Conventional7.4. Global Vital Signs Monitoring System Market Attractiveness, by Technology8. Global Vital Signs Monitoring System Market Analysis and Forecast, by Component8.1. Introduction & Definition8.2. Key Findings / Developments8.3. Global Vital Signs Monitoring System Market Value Forecast, by Component, 2017-20278.3.1. Consoles8.3.2. Accessories & Consumables8.3.3. Apps/Software8.4. Global Vital Signs Monitoring System Market Attractiveness, by Component9. Global Vital Signs Monitoring System Market Analysis and Forecast, by Product9.1. Introduction & Definition9.2. Key Findings / Developments9.3. Global Vital Signs Monitoring System Market Value Forecast, by Product, 2017-20279.3.1. Cardiovascular 9.3.1.1. ECG9.3.1.2. Heart Rate9.3.2. Blood Pressure Monitoring9.3.3. Body Temperature9.3.4. Pulse Oximetry9.3.5. Capnography9.3.6. Respiratory Rate9.4. Global Vital Signs Monitoring System Market Attractiveness, by Product10. Global Vital Signs Monitoring System Market Analysis and Forecast, by End-user 10.1. Introduction & Definition10.2. Key Findings / Developments10.3. Global Vital Signs Monitoring System Market Value Forecast, by End-user, 2017-202710.3.1. Hospitals10.3.2. Home Care10.3.3. Ambulatory Surgical Centers10.3.4. Others10.4. Global Vital Signs Monitoring System Market Attractiveness, by End-user 11. Global Vital Signs Monitoring System Market Analysis and Forecast, by Region11.1. Key Findings11.2. Market Value Forecast, By Region11.2.1. North America 11.2.2. Europe 11.2.3. Asia Pacific 11.2.4. Latin America 11.2.5. Middle East & Africa 11.3. Global Vital Signs Monitoring System Market Attractiveness, by Region12. North America Vital Signs Monitoring System Market Analysis and Forecast12.1. Introduction12.1.1. Key Findings12.2. North America Vital Signs Monitoring System Market Value Forecast, by Modality, 2017-202712.2.1. Bench-top12.2.2. Handheld12.2.3. Wearable12.3. North America Vital Signs Monitoring System Market Value Forecast, by Technology, 2017-202712.3.1. Connected Devices12.3.2. Conventional12.4. North America Vital Signs Monitoring System Market Value Forecast, by Component, 2017-202712.4.1. Consoles12.4.2. Accessories & Consumables12.4.3. Apps/Software12.5. North America Vital Signs Monitoring System Market Value Forecast, by Product, 2017-202712.5.1. Cardiovascular 12.5.1.1. ECG12.5.1.2. Heart Rate12.5.2. Blood Pressure Monitoring12.5.3. Body Temperature12.5.4. Pulse Oximetry12.5.5. Capnography12.5.6. Respiratory Rate12.6. North America Vital Signs Monitoring System Market Value Forecast, by End-user, 2017-202712.6.1. Hospitals12.6.2. Home Care12.6.3. Ambulatory Surgical Centers12.6.4. Others12.7. North America Vital Signs Monitoring System Market Value Forecast, by Country, 2017-202712.7.1. U.S.12.7.2. Canada12.8. North America Vital Signs Monitoring System Market Attractiveness Analysis 12.8.1. By Modality12.8.2. By Technology12.8.3. By Component12.8.4. By Product12.8.5. By End-user 12.8.6. By Country13. Europe Vital Signs Monitoring System Market Analysis and Forecast14. Asia Pacific Vital Signs Monitoring System Market Analysis and Forecast15. Latin America Vital Signs Monitoring System Market Analysis and Forecast16. Middle East & Africa Vital Signs Monitoring System Market Analysis and Forecast17. Competition Landscape17.1. Market Player - Competition Matrix (By Tier and Size of companies)17.2. Market Share Analysis/ Ranking, by Company, 201817.3. Company Profiles Companies Mentioned Medtronic Welch Allyn (Hill-Rom Services, Inc.) GE Healthcare (General Electric Company) Koninklijke Philips N.V. OMRON Corporation VitalConnect Infinium Medical Masimo Shenzhen Mindray Bio-Medical Electronics Co., Ltd BioBeat For more information about this report visit https://www.researchandmarkets.com/r/j1hscm Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com Answer:
Insights on the Vital Signs Monitoring Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast to 2027
DUBLIN, March 24, 2020 /PRNewswire/ -- The "Vital Signs Monitoring Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027" report has been added to ResearchAndMarkets.com's offering. This report on the vital signs monitoring systems market studies the past as well as current growth trends and opportunities to gain valuable insights of these indicators for the market during the forecast period from 2019 to 2027. The report provides the overall revenue of the global vital signs monitoring systems market for the period 2017-2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global vital signs monitoring systems market during the forecast period.The report has been prepared after an extensive research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players' product literature, annual reports, press releases, and relevant documents to understand the global vital signs monitoring system market.Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various phenomenon in the global vital signs monitoring system market.The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report sheds light on changing competitive dynamics in the global vital signs monitoring system market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global vital signs monitoring system market.The report delves into the competitive landscape of the global vital signs monitoring system market. Key players operating in the global vital signs monitoring systems market have been identified, and each one of these is profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOTs are some of the attributes of players in the global vital signs monitoring systems market that have been profiled in this report.Key Questions Answered What is the scope of growth of product companies in the global vital signs monitoring system market? What will be the Y-o-Y growth of the global vital signs monitoring systems market between 2019 and 2027? What is the influence of changing trends in technologies on the global vital signs monitoring system market? Will North America continue to be the most profitable regional market for vital signs monitoring system providers? Which factors will impede the growth of the global vital signs monitoring systems market during the forecast period? Which are the leading companies in the global vital signs monitoring system market? Key Topics Covered: 1. Preface1.1. Market Definition and Scope1.2. Market Segmentation1.3. Key Research Objectives1.4. Research Highlights2. Assumptions and Research Methodology3. Executive Summary: Global Vital Signs Monitoring System Market4. Market Overview4.1. Introduction4.1.1. Modality Definition4.1.2. Industry Evolution / Developments4.2. Overview4.3. Market Dynamics4.3.1. Drivers4.3.1.1. Rise in prevalence of chronic diseases4.3.1.2. Increase in number of cases among geriatric population4.3.1.3. Adoption of technologically advanced products4.3.1.4. Reimbursement support4.3.2. Restraints4.3.2.1. Product recall4.3.2.2. High cost of vital signs monitor4.3.3. Opportunities4.4. Global Vital Signs Monitoring System Market Analysis and Forecast, 2017-20275. Market Outlook5.1. Technological Advancement 5.2. Epidemiology of Cardiovascular & Respiratory Diseases, by Region/Sub-region5.3. Overview of Vital Signs (Body Temperature/Blood Pressure/Pulse Rate/Respiratory Rate, etc.)5.4. Key Industry Events (Product launch and approval, Key merger & acquisition etc.)6. Global Vital Signs Monitoring System Market Analysis and Forecast, by Modality6.1. Introduction & Definition6.2. Key Findings / Developments6.3. Global Vital Signs Monitoring System Market Value Forecast, by Modality, 2017-20276.3.1. Bench-top6.3.2. Handheld6.3.3. Wearable6.4. Global Vital Signs Monitoring System Market Attractiveness, by Modality7. Global Vital Signs Monitoring System Market Analysis and Forecast, by Technology7.1. Introduction & Definition7.2. Key Findings / Developments7.3. Global Vital Signs Monitoring System Market Value Forecast by Technology, 2017-20277.3.1. Connected Devices7.3.2. Conventional7.4. Global Vital Signs Monitoring System Market Attractiveness, by Technology8. Global Vital Signs Monitoring System Market Analysis and Forecast, by Component8.1. Introduction & Definition8.2. Key Findings / Developments8.3. Global Vital Signs Monitoring System Market Value Forecast, by Component, 2017-20278.3.1. Consoles8.3.2. Accessories & Consumables8.3.3. Apps/Software8.4. Global Vital Signs Monitoring System Market Attractiveness, by Component9. Global Vital Signs Monitoring System Market Analysis and Forecast, by Product9.1. Introduction & Definition9.2. Key Findings / Developments9.3. Global Vital Signs Monitoring System Market Value Forecast, by Product, 2017-20279.3.1. Cardiovascular 9.3.1.1. ECG9.3.1.2. Heart Rate9.3.2. Blood Pressure Monitoring9.3.3. Body Temperature9.3.4. Pulse Oximetry9.3.5. Capnography9.3.6. Respiratory Rate9.4. Global Vital Signs Monitoring System Market Attractiveness, by Product10. Global Vital Signs Monitoring System Market Analysis and Forecast, by End-user 10.1. Introduction & Definition10.2. Key Findings / Developments10.3. Global Vital Signs Monitoring System Market Value Forecast, by End-user, 2017-202710.3.1. Hospitals10.3.2. Home Care10.3.3. Ambulatory Surgical Centers10.3.4. Others10.4. Global Vital Signs Monitoring System Market Attractiveness, by End-user 11. Global Vital Signs Monitoring System Market Analysis and Forecast, by Region11.1. Key Findings11.2. Market Value Forecast, By Region11.2.1. North America 11.2.2. Europe 11.2.3. Asia Pacific 11.2.4. Latin America 11.2.5. Middle East & Africa 11.3. Global Vital Signs Monitoring System Market Attractiveness, by Region12. North America Vital Signs Monitoring System Market Analysis and Forecast12.1. Introduction12.1.1. Key Findings12.2. North America Vital Signs Monitoring System Market Value Forecast, by Modality, 2017-202712.2.1. Bench-top12.2.2. Handheld12.2.3. Wearable12.3. North America Vital Signs Monitoring System Market Value Forecast, by Technology, 2017-202712.3.1. Connected Devices12.3.2. Conventional12.4. North America Vital Signs Monitoring System Market Value Forecast, by Component, 2017-202712.4.1. Consoles12.4.2. Accessories & Consumables12.4.3. Apps/Software12.5. North America Vital Signs Monitoring System Market Value Forecast, by Product, 2017-202712.5.1. Cardiovascular 12.5.1.1. ECG12.5.1.2. Heart Rate12.5.2. Blood Pressure Monitoring12.5.3. Body Temperature12.5.4. Pulse Oximetry12.5.5. Capnography12.5.6. Respiratory Rate12.6. North America Vital Signs Monitoring System Market Value Forecast, by End-user, 2017-202712.6.1. Hospitals12.6.2. Home Care12.6.3. Ambulatory Surgical Centers12.6.4. Others12.7. North America Vital Signs Monitoring System Market Value Forecast, by Country, 2017-202712.7.1. U.S.12.7.2. Canada12.8. North America Vital Signs Monitoring System Market Attractiveness Analysis 12.8.1. By Modality12.8.2. By Technology12.8.3. By Component12.8.4. By Product12.8.5. By End-user 12.8.6. By Country13. Europe Vital Signs Monitoring System Market Analysis and Forecast14. Asia Pacific Vital Signs Monitoring System Market Analysis and Forecast15. Latin America Vital Signs Monitoring System Market Analysis and Forecast16. Middle East & Africa Vital Signs Monitoring System Market Analysis and Forecast17. Competition Landscape17.1. Market Player - Competition Matrix (By Tier and Size of companies)17.2. Market Share Analysis/ Ranking, by Company, 201817.3. Company Profiles Companies Mentioned Medtronic Welch Allyn (Hill-Rom Services, Inc.) GE Healthcare (General Electric Company) Koninklijke Philips N.V. OMRON Corporation VitalConnect Infinium Medical Masimo Shenzhen Mindray Bio-Medical Electronics Co., Ltd BioBeat For more information about this report visit https://www.researchandmarkets.com/r/j1hscm Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: BOSTON--(BUSINESS WIRE)--Heres a list of the latest Wix & Squarespace deals for Black Friday 2020, featuring the top offers on business and personal plans from Squarespace. Links to the latest deals are listed below. Best Wix Deals: Best Squarespace Deals: Best Web Hosting Deals: Searching for more deals? We recommend checking Walmarts Black Friday Deals for Days sales event and Amazons Black Friday deals for more live discounts. Spending Lab earns commissions from purchases made using the links provided. About Spending Lab: Spending Lab research and report on online sales events. As an Amazon Associate and affiliate Spending Lab earns from qualifying purchases. Answer:
Black Friday Wix & Squarespace Deals 2020 Listed by Spending Lab Save on Wix & Squarespace deals at the Black Friday sale, including the best Wix Business and E-Commerce plan deals
BOSTON--(BUSINESS WIRE)--Heres a list of the latest Wix & Squarespace deals for Black Friday 2020, featuring the top offers on business and personal plans from Squarespace. Links to the latest deals are listed below. Best Wix Deals: Best Squarespace Deals: Best Web Hosting Deals: Searching for more deals? We recommend checking Walmarts Black Friday Deals for Days sales event and Amazons Black Friday deals for more live discounts. Spending Lab earns commissions from purchases made using the links provided. About Spending Lab: Spending Lab research and report on online sales events. As an Amazon Associate and affiliate Spending Lab earns from qualifying purchases.
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: NEW YORK, May 14, 2020 /PRNewswire/ --The Global Refrigerated Transport Market is expected to grow from USD 14,956.13 Million in 2018 to USD 22,563.13 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 6.05%. Read the full report: https://www.reportlinker.com/p05871343/?utm_source=PRN The positioning of the Global Refrigerated Transport Market vendors in FPNV Positioning Matrix are determined by Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) and placed into four quadrants (F: Forefront, P: Pathfinders, N: Niche, and V: Vital).The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Refrigerated Transport Market including are Hyundai Motor Company, Krone Commercial Vehicle Group, LAMBERET SAS, Schmitz Cargobull, Singamas Container, China International Marine Containers, Daikin Industries, Ltd., Ingersoll Rand Inc., United Technologies Corporation, and Utility Trailer Manufacturing Company. On the basis of Transport, the Global Refrigerated Transport Market is studied across Refrigerated Air Transport, Refrigerated Rail Transport, Refrigerated Road Transport, and Refrigerated Sea Transport.On the basis of Technology, the Global Refrigerated Transport Market is studied across Air-blown Evaporators, Eutectic Devices, and Vapor Compression Systems.On the basis of Temperature, the Global Refrigerated Transport Market is studied across Multi-temperature and Single-temperature.On the basis of Application, the Global Refrigerated Transport Market is studied across Chilled Food Products and Frozen Food Products.For the detailed coverage of the study, the market has been geographically divided into the Americas, Asia-Pacific, and Europe, Middle East & Africa. The report provides details of qualitative and quantitative insights about the major countries in the region and taps the major regional developments in detail.In the report, we have covered two proprietary models, the FPNV Positioning Matrix and Competitive Strategic Window. The FPNV Positioning Matrix analyses the competitive market place for the players in terms of product satisfaction and business strategy they adopt to sustain in the market. The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisitions strategies, geography expansion, research & development, new product introduction strategies to execute further business expansion and growth.Research Methodology:Our market forecasting is based on a market model derived from market connectivity, dynamics, and identified influential factors around which assumptions about the market are made. These assumptions are enlightened by fact-bases, put by primary and secondary research instruments, regressive analysis and an extensive connect with industry people. Market forecasting derived from in-depth understanding attained from future market spending patterns provides quantified insight to support your decision-making process. The interview is recorded, and the information gathered in put on the drawing board with the information collected through secondary research.The report provides insights on the following pointers:1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the Global Refrigerated Transport Market 2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the Global Refrigerated Transport Market 3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the Global Refrigerated Transport Market 4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the Global Refrigerated Transport Market 5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the Global Refrigerated Transport Market The report answers questions such as:1. What is the market size of Refrigerated Transport market in the Global?2. What are the factors that affect the growth in the Global Refrigerated Transport Market over the forecast period?3. What is the competitive position in the Global Refrigerated Transport Market?4. Which are the best product areas to be invested in over the forecast period in the Global Refrigerated Transport Market?5. What are the opportunities in the Global Refrigerated Transport Market?6. What are the modes of entering the Global Refrigerated Transport Market?Read the full report: https://www.reportlinker.com/p05871343/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [emailprotected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker Related Links www.reportlinker.com Answer:
The Global Refrigerated Transport Market is expected to grow from USD 14,956.13 Million in 2018 to USD 22,563.13 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 6.05%
NEW YORK, May 14, 2020 /PRNewswire/ --The Global Refrigerated Transport Market is expected to grow from USD 14,956.13 Million in 2018 to USD 22,563.13 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 6.05%. Read the full report: https://www.reportlinker.com/p05871343/?utm_source=PRN The positioning of the Global Refrigerated Transport Market vendors in FPNV Positioning Matrix are determined by Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) and placed into four quadrants (F: Forefront, P: Pathfinders, N: Niche, and V: Vital).The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Refrigerated Transport Market including are Hyundai Motor Company, Krone Commercial Vehicle Group, LAMBERET SAS, Schmitz Cargobull, Singamas Container, China International Marine Containers, Daikin Industries, Ltd., Ingersoll Rand Inc., United Technologies Corporation, and Utility Trailer Manufacturing Company. On the basis of Transport, the Global Refrigerated Transport Market is studied across Refrigerated Air Transport, Refrigerated Rail Transport, Refrigerated Road Transport, and Refrigerated Sea Transport.On the basis of Technology, the Global Refrigerated Transport Market is studied across Air-blown Evaporators, Eutectic Devices, and Vapor Compression Systems.On the basis of Temperature, the Global Refrigerated Transport Market is studied across Multi-temperature and Single-temperature.On the basis of Application, the Global Refrigerated Transport Market is studied across Chilled Food Products and Frozen Food Products.For the detailed coverage of the study, the market has been geographically divided into the Americas, Asia-Pacific, and Europe, Middle East & Africa. The report provides details of qualitative and quantitative insights about the major countries in the region and taps the major regional developments in detail.In the report, we have covered two proprietary models, the FPNV Positioning Matrix and Competitive Strategic Window. The FPNV Positioning Matrix analyses the competitive market place for the players in terms of product satisfaction and business strategy they adopt to sustain in the market. The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisitions strategies, geography expansion, research & development, new product introduction strategies to execute further business expansion and growth.Research Methodology:Our market forecasting is based on a market model derived from market connectivity, dynamics, and identified influential factors around which assumptions about the market are made. These assumptions are enlightened by fact-bases, put by primary and secondary research instruments, regressive analysis and an extensive connect with industry people. Market forecasting derived from in-depth understanding attained from future market spending patterns provides quantified insight to support your decision-making process. The interview is recorded, and the information gathered in put on the drawing board with the information collected through secondary research.The report provides insights on the following pointers:1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the Global Refrigerated Transport Market 2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the Global Refrigerated Transport Market 3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the Global Refrigerated Transport Market 4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the Global Refrigerated Transport Market 5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the Global Refrigerated Transport Market The report answers questions such as:1. What is the market size of Refrigerated Transport market in the Global?2. What are the factors that affect the growth in the Global Refrigerated Transport Market over the forecast period?3. What is the competitive position in the Global Refrigerated Transport Market?4. Which are the best product areas to be invested in over the forecast period in the Global Refrigerated Transport Market?5. What are the opportunities in the Global Refrigerated Transport Market?6. What are the modes of entering the Global Refrigerated Transport Market?Read the full report: https://www.reportlinker.com/p05871343/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [emailprotected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker Related Links www.reportlinker.com
edtsum776
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: MONTREAL, May 27, 2020 /PRNewswire/ - Governor Cuomo announced a series of measures today to jumpstart New York State's economy, including expediting construction of the power cable from Canada to New York City. But curiously the Independent Power Producers of New York (IPPNY) question the value of this major clean energy infrastructure project. The Champlain Hudson Power Express is the only project of its kind that has secured all of its permits meaning it can come on line quickly and start delivering low-carbon electricity downstate in the near future. Big infrastructure projects like this have considerable economic benefits. Construction of this line will create over 2,000 jobs, and other economic sectors will benefit: those who feed and house the construction workers, and those who provide them with materials and transportation. Municipalities along the line route will benefit from millions of dollars in new tax revenues. The energy pie is big enough for all the clean energy suppliers out there, including the members of IPPNY that generate low-carbon energy. Downstate New York needs clean energy: when the Indian Point nuclear station comes to a full closure next year, about 95% of its electricity will come from burning fossil fuels. That's not good for climate change, and it's catastrophic from a health perspective for people struggling with respiratory diseases. Hydro-Qubec generates 99.6% of its energy from low-carbon sources. Its deliveries of clean energy into New York mean less fossil fuel is burned. The estimated reductions in greenhouse gas emissions from this project amount to 3.4 million metric tons per year. That's the equivalent of removing over one-quarter of the cars from NYC streets. And hydropower produces none of those air pollutants that are responsible for smog. New York has taken a leadership role in the fight against climate change. Qubec and New York have a long history of working together as neighbors. Side by side, we can make the air cleaner and reduce carbon emissions in New York, and that's good for everyone. Let's get this infrastructure project up and running as fast as we can. SOURCE Hydro-Qubec Related Links www.hydroquebec.com Answer:
Jumpstarting New York's Economy: Clean Energy Infrastructure that Creates Jobs
MONTREAL, May 27, 2020 /PRNewswire/ - Governor Cuomo announced a series of measures today to jumpstart New York State's economy, including expediting construction of the power cable from Canada to New York City. But curiously the Independent Power Producers of New York (IPPNY) question the value of this major clean energy infrastructure project. The Champlain Hudson Power Express is the only project of its kind that has secured all of its permits meaning it can come on line quickly and start delivering low-carbon electricity downstate in the near future. Big infrastructure projects like this have considerable economic benefits. Construction of this line will create over 2,000 jobs, and other economic sectors will benefit: those who feed and house the construction workers, and those who provide them with materials and transportation. Municipalities along the line route will benefit from millions of dollars in new tax revenues. The energy pie is big enough for all the clean energy suppliers out there, including the members of IPPNY that generate low-carbon energy. Downstate New York needs clean energy: when the Indian Point nuclear station comes to a full closure next year, about 95% of its electricity will come from burning fossil fuels. That's not good for climate change, and it's catastrophic from a health perspective for people struggling with respiratory diseases. Hydro-Qubec generates 99.6% of its energy from low-carbon sources. Its deliveries of clean energy into New York mean less fossil fuel is burned. The estimated reductions in greenhouse gas emissions from this project amount to 3.4 million metric tons per year. That's the equivalent of removing over one-quarter of the cars from NYC streets. And hydropower produces none of those air pollutants that are responsible for smog. New York has taken a leadership role in the fight against climate change. Qubec and New York have a long history of working together as neighbors. Side by side, we can make the air cleaner and reduce carbon emissions in New York, and that's good for everyone. Let's get this infrastructure project up and running as fast as we can. SOURCE Hydro-Qubec Related Links www.hydroquebec.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: MONTREAL, Oct. 8, 2020 /PRNewswire/ --What began as a business class project is now an international online gallery championing original art by ethnically diverse, new and emerging artists. Brought to fruition by entrepreneur and, Chanel and Maison Birks alumna, Anny Kazanjian, the gallery began as a new approach to showcase her husband's work. Continue Reading My Little Harlequin - Acrylic on canvas abstract by Pauline Paquin - 24" x 24" Brooklyn Bridge, New York - Acrylic on canvas by Andy Habib - 30" x 24" x 1.5" Nowadays, the Kiki Sterling Gallery's goal is to highlight many artists whose original artworks speak a unique visual language and bring them to the attention of the public along with art collectors who seek engaging, contemporary art from talented artists. "From the beginning, our goal has always been inclusivity: Our gallery represents the works of a racially and ethnically diverse group of artists, with very interesting points of view," says Anny Kazanjian, Gallery Director. The gallery's global roster of artists includes talent from Canada and the U.S., as well as the United Kingdom, Spain and Brazil.Artists include award-winning professionals working in contemporary art forms; including sculptor Luiz Campoy, fine art photographer Arline Malakian, artist-painters Dina El-Sioufi, Andy Habib, Antonio Souza, Pauline Paquin, Arman Alaverdyan and Michel Auclair-Langlois. As a new paradigm for collecting contemporary art, the Kiki Sterling Gallery offers a more user-friendly acquisition experience offering transparency with online pricing and easy worldwide shipping. Sales within 50 miles of the Montreal area are delivered free of charge. The gallery features weekly artist profiles, extensive social media campaigns, and soon a fresh, daily art blog. Primarily operating online, the Kiki Sterling Gallery is also planning private, pop-up viewing events in the Montreal area over the next several months.Image: Mon Ami Polichinelle by Pauline Paquin www.kikisterlinggallery.comSource & contact: Karine Kosnak / [emailprotected] / 1-514-578-7908High res images available SOURCE Kiki Sterling Gallery Related Links http://www.kikisterlinggallery.com Answer:
The KIKI STERLING GALLERY: A New Paradigm for Collecting Contemporary Art As "Merchants of Happiness," the gallery champions diversity with new and emerging artists, bringing them to the attention of the public and art collectors
MONTREAL, Oct. 8, 2020 /PRNewswire/ --What began as a business class project is now an international online gallery championing original art by ethnically diverse, new and emerging artists. Brought to fruition by entrepreneur and, Chanel and Maison Birks alumna, Anny Kazanjian, the gallery began as a new approach to showcase her husband's work. Continue Reading My Little Harlequin - Acrylic on canvas abstract by Pauline Paquin - 24" x 24" Brooklyn Bridge, New York - Acrylic on canvas by Andy Habib - 30" x 24" x 1.5" Nowadays, the Kiki Sterling Gallery's goal is to highlight many artists whose original artworks speak a unique visual language and bring them to the attention of the public along with art collectors who seek engaging, contemporary art from talented artists. "From the beginning, our goal has always been inclusivity: Our gallery represents the works of a racially and ethnically diverse group of artists, with very interesting points of view," says Anny Kazanjian, Gallery Director. The gallery's global roster of artists includes talent from Canada and the U.S., as well as the United Kingdom, Spain and Brazil.Artists include award-winning professionals working in contemporary art forms; including sculptor Luiz Campoy, fine art photographer Arline Malakian, artist-painters Dina El-Sioufi, Andy Habib, Antonio Souza, Pauline Paquin, Arman Alaverdyan and Michel Auclair-Langlois. As a new paradigm for collecting contemporary art, the Kiki Sterling Gallery offers a more user-friendly acquisition experience offering transparency with online pricing and easy worldwide shipping. Sales within 50 miles of the Montreal area are delivered free of charge. The gallery features weekly artist profiles, extensive social media campaigns, and soon a fresh, daily art blog. Primarily operating online, the Kiki Sterling Gallery is also planning private, pop-up viewing events in the Montreal area over the next several months.Image: Mon Ami Polichinelle by Pauline Paquin www.kikisterlinggallery.comSource & contact: Karine Kosnak / [emailprotected] / 1-514-578-7908High res images available SOURCE Kiki Sterling Gallery Related Links http://www.kikisterlinggallery.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: ATLANTA, May 12, 2020 /PRNewswire/ --Over the last few weeks, Streaming Global delivered several on-demand streams at a record distance of over 20,000 miles. The streams were smooth as glass and played back on multiple screen types and platforms at several locations across the planet without a single POP (point of presence) in between. Streams delivered by Streaming Global's technology during the tests reached the following mileage marks: 4,500 miles from the Netherlands to Atlanta, 7,200 miles from South Korea to Atlanta, and9,000 miles from Chennai to Atlanta. As part of the first test for West Africa with distribution partner DataGo Solutions a couple of weeks ago, Streaming Global demonstrated VOD (video on-demand) from the Netherlands to Lagos, Nigeria, crossing Europe and the Mediterranean Sea. Once in Nigeria, the high-quality HD 30-minute show was delivered via cellular 4G and even 3G. The stream was also delivered to Atlanta from cloud storage over 4,500 miles away, the longest known distance without a POP in between. According to Gbenga George, Co-Founder DataGo Solutions LLC, "The reports from all regions in Nigeria were phenomenal! We had HD quality content even on 3G infrastructure, and yet no rebuffering. Streaming Global is providing a significant reduction in infrastructure and operating cost critical for network service providers. Testing in Burkina Faso was another massive success. DataGo will start deploying this technology around Africa, starting in Nigeria. Our mission is to increase and improve streaming capabilities nationwide." Streaming Global then set a new record, twice. First Streaming Global delivered a 30-minute VOD stream from Busan, South Korea 7,200 miles to Atlanta with just over 1 second start time. Then a short time later, the same VOD stream was delivered from Chennai, India to Hyderabad, and was also delivered to Atlanta over 9,000 miles away. The same was done from Mumbai the next day. Streaming Global CEO, Richard Oesterreicher said, "We are so excited to deliver these flawless HD streams with zero rebuffering. We have reached the distance limit for this planet. That is as far away as we can test until the Moon or a satellite installs cloud storage." In addition to improving the economics of live and VOD stream distribution to large audiences all over the planet, the quality of these HD streams with zero rebuffering issues are ideal for remote production and contribution streams from any distance. About Streaming Global:Streaming Global has reinvented the way live streaming is delivered making it ideal for streaming 24/7 OTT channels and live events with single and multi-stream content. The Streaming Global patented and patent-pending technology turns any simple cloud storage server into an ultra-fast live-streaming server, without installing any additional software on the server. This enables live, linear, OTT, social, and VOD streaming with global scalability over existing cloud providers, such as Microsoft Azure, Amazon AWS, and private/custom clouds. Visit www.StreamingGlobal.com to learn more. Streaming Global is a trademark of Streaming Global, Inc. For more information on Streaming Global, please contact: Austin Schmidt +1 (678) 374-3334 Ext. 101 [emailprotected] SOURCE Streaming Global Related Links http://www.StreamingGlobal.com Answer:
Streaming Global Breaks Distance Records
ATLANTA, May 12, 2020 /PRNewswire/ --Over the last few weeks, Streaming Global delivered several on-demand streams at a record distance of over 20,000 miles. The streams were smooth as glass and played back on multiple screen types and platforms at several locations across the planet without a single POP (point of presence) in between. Streams delivered by Streaming Global's technology during the tests reached the following mileage marks: 4,500 miles from the Netherlands to Atlanta, 7,200 miles from South Korea to Atlanta, and9,000 miles from Chennai to Atlanta. As part of the first test for West Africa with distribution partner DataGo Solutions a couple of weeks ago, Streaming Global demonstrated VOD (video on-demand) from the Netherlands to Lagos, Nigeria, crossing Europe and the Mediterranean Sea. Once in Nigeria, the high-quality HD 30-minute show was delivered via cellular 4G and even 3G. The stream was also delivered to Atlanta from cloud storage over 4,500 miles away, the longest known distance without a POP in between. According to Gbenga George, Co-Founder DataGo Solutions LLC, "The reports from all regions in Nigeria were phenomenal! We had HD quality content even on 3G infrastructure, and yet no rebuffering. Streaming Global is providing a significant reduction in infrastructure and operating cost critical for network service providers. Testing in Burkina Faso was another massive success. DataGo will start deploying this technology around Africa, starting in Nigeria. Our mission is to increase and improve streaming capabilities nationwide." Streaming Global then set a new record, twice. First Streaming Global delivered a 30-minute VOD stream from Busan, South Korea 7,200 miles to Atlanta with just over 1 second start time. Then a short time later, the same VOD stream was delivered from Chennai, India to Hyderabad, and was also delivered to Atlanta over 9,000 miles away. The same was done from Mumbai the next day. Streaming Global CEO, Richard Oesterreicher said, "We are so excited to deliver these flawless HD streams with zero rebuffering. We have reached the distance limit for this planet. That is as far away as we can test until the Moon or a satellite installs cloud storage." In addition to improving the economics of live and VOD stream distribution to large audiences all over the planet, the quality of these HD streams with zero rebuffering issues are ideal for remote production and contribution streams from any distance. About Streaming Global:Streaming Global has reinvented the way live streaming is delivered making it ideal for streaming 24/7 OTT channels and live events with single and multi-stream content. The Streaming Global patented and patent-pending technology turns any simple cloud storage server into an ultra-fast live-streaming server, without installing any additional software on the server. This enables live, linear, OTT, social, and VOD streaming with global scalability over existing cloud providers, such as Microsoft Azure, Amazon AWS, and private/custom clouds. Visit www.StreamingGlobal.com to learn more. Streaming Global is a trademark of Streaming Global, Inc. For more information on Streaming Global, please contact: Austin Schmidt +1 (678) 374-3334 Ext. 101 [emailprotected] SOURCE Streaming Global Related Links http://www.StreamingGlobal.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: BOSTON--(BUSINESS WIRE)--Black Friday 2020 researchers are rating the latest cell phone deals for Black Friday & Cyber Monday 2020, including all the top offers on Apple iPhone, OnePlus and more. Links to the latest deals are listed below. Best Unlocked Cell Phone Deals: Best Cell Phone Deals: Want some more deals? Click here to see the full range of deals at Walmarts Black Friday & Cyber Monday sale and click here to see Amazons current Black Friday & Cyber Monday deals. Retail Fuse earns commissions from purchases made using the links provided. About Retail Fuse: Retail Fuse reports the latest retail news. As an Amazon Associate and affiliate Retail Fuse earns from qualifying purchases. Answer:
Black Friday & Cyber Monday Cell Phone Deals (2020): Top Apple iOS & Android Smartphone Sales Identified by Retail Fuse Black Friday cell phone deals have landed, review all the top Black Friday & Cyber Monday Google Pixel, Samsung Galaxy & more deals listed below
BOSTON--(BUSINESS WIRE)--Black Friday 2020 researchers are rating the latest cell phone deals for Black Friday & Cyber Monday 2020, including all the top offers on Apple iPhone, OnePlus and more. Links to the latest deals are listed below. Best Unlocked Cell Phone Deals: Best Cell Phone Deals: Want some more deals? Click here to see the full range of deals at Walmarts Black Friday & Cyber Monday sale and click here to see Amazons current Black Friday & Cyber Monday deals. Retail Fuse earns commissions from purchases made using the links provided. About Retail Fuse: Retail Fuse reports the latest retail news. As an Amazon Associate and affiliate Retail Fuse earns from qualifying purchases.
edtsum785
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: PHILADELPHIA, July 22, 2020 /PRNewswire/ --OneClick.chat, an innovative video chat platform, announced today that it has been awarded an additional $1.8 Million from the prestigious National Institute of Health (NIH) Small Business Innovation Research grant, in partnership with researchers from the University of Illinois Urbana-Champaign (UIUC). This additional award builds to a total of over $2 Million awarded to OneClick.chat from the NIH via its National Institute on Aging division. This funding will be used to continue OneClick.chat's research with UIUC into how its video technology can be used to prevent social isolation and improve quality of life and health outcomes in older adults, including those with mild cognitive impairment. OneClick.chat is a web-based video chat platform that is known for its ease of use and provides users with accessible and fun ways to connect with others using technology, including grouping those who don't know each other based on interests, encouraging socialization and potentially leading to the formation of new friendships. During Phase I, the startup partnered with Drs. Wendy Rogers and Raksha Mudar at the University of Illinois Urbana-Champaign to study the unique needs of older adults at risk for social isolation and how they use technology. They were interested to learn whether a platform like OneClick.chat can be used easily to socially engage older adults with and without mild cognitive impairment. The company plans to build on this research through its Phase II grant, developing additional content for users, demonstrating the improved quality of life for older adults through social activities that use technology, and partnering with home and community-based organizations to allow them to utilize the service in their community outreach. "We are thrilled at the opportunity to continue studying how our technology can improve the lives of those most at risk for social isolation and the issues that come with it," said OneClick.chat CEO Dillon Myers. "Being awarded this Phase II grant funding by the NIH is further validation that what we are doing is important. We look forward to continuing our partnership with the University of Illinois in this mission." OneClick.chat will continue its study in partnership with Dr. Wendy Rogers, Director of the Human Factors and Aging Laboratory and Dr. Raksha Mudar, Director of the Aging and Neurocognition Laboratory. "Dr. Mudar and I have been interested in social engagement for older adults for quite a long time already," Dr. Rogers said. "This technology is designed with their needs and capabilities in mind. We are excited to continue research and bring this beneficial technology to more older adults as soon as possible." Dr. Mudar explained that one of the participants in the first study summed up OneClick.chat perfectly saying, "It's like having a friend at the touch of a button." About OneClick.chat Founded in 2016, OneClick.chatis a web-based video chat platform, based in Philadelphia. A cross generational team, founders Dillon Myers and Alan Gibson, worked to design a platform that made it easy for anyone, especially older adults, to join and participate in video-based meetings and events. OneClick.chat does not require users to download any software or use logins, allowing users to access chat rooms with a simple and shareable URL. About University of Illinois Research Team The University of Illinois at Urbana-Champaign has an initiative focused on Collaborations in Health, Aging, Research, and Technology (CHART https://chart.ahs.illinois.edu/), led by Dr. Wendy Rogers. The vision for this effort is to Harness Technology to Support Successful Aging. CHART is housed within the College of Applied Health Sciences, which has a mission to advance research, instruction, and public engagement that promotes the development of healthy, livable communities, facilitates optimal living with disability and promotes health and wellness across the lifespan. DISCLAIMER This project is supported by the National Institute on Aging of the National Institutes of Health under Award Number R44 AG059450-02A1. The content is solely the responsibility of OneClick.chat and does not necessarily represent the official views of the National Institutes of Health Media Contact: Erik Yorke, Interdependence Public Relations, (330) 416-2461, [emailprotected] SOURCE OneClick.chat Answer:
OneClick.chat Awarded Additional $1.8 Million in Prestigious Grant Funding from NIH Startup to Continue Research with University of Illinois Urbana-Champaign into How Video Chat Technology Can Help Aging Adults
PHILADELPHIA, July 22, 2020 /PRNewswire/ --OneClick.chat, an innovative video chat platform, announced today that it has been awarded an additional $1.8 Million from the prestigious National Institute of Health (NIH) Small Business Innovation Research grant, in partnership with researchers from the University of Illinois Urbana-Champaign (UIUC). This additional award builds to a total of over $2 Million awarded to OneClick.chat from the NIH via its National Institute on Aging division. This funding will be used to continue OneClick.chat's research with UIUC into how its video technology can be used to prevent social isolation and improve quality of life and health outcomes in older adults, including those with mild cognitive impairment. OneClick.chat is a web-based video chat platform that is known for its ease of use and provides users with accessible and fun ways to connect with others using technology, including grouping those who don't know each other based on interests, encouraging socialization and potentially leading to the formation of new friendships. During Phase I, the startup partnered with Drs. Wendy Rogers and Raksha Mudar at the University of Illinois Urbana-Champaign to study the unique needs of older adults at risk for social isolation and how they use technology. They were interested to learn whether a platform like OneClick.chat can be used easily to socially engage older adults with and without mild cognitive impairment. The company plans to build on this research through its Phase II grant, developing additional content for users, demonstrating the improved quality of life for older adults through social activities that use technology, and partnering with home and community-based organizations to allow them to utilize the service in their community outreach. "We are thrilled at the opportunity to continue studying how our technology can improve the lives of those most at risk for social isolation and the issues that come with it," said OneClick.chat CEO Dillon Myers. "Being awarded this Phase II grant funding by the NIH is further validation that what we are doing is important. We look forward to continuing our partnership with the University of Illinois in this mission." OneClick.chat will continue its study in partnership with Dr. Wendy Rogers, Director of the Human Factors and Aging Laboratory and Dr. Raksha Mudar, Director of the Aging and Neurocognition Laboratory. "Dr. Mudar and I have been interested in social engagement for older adults for quite a long time already," Dr. Rogers said. "This technology is designed with their needs and capabilities in mind. We are excited to continue research and bring this beneficial technology to more older adults as soon as possible." Dr. Mudar explained that one of the participants in the first study summed up OneClick.chat perfectly saying, "It's like having a friend at the touch of a button." About OneClick.chat Founded in 2016, OneClick.chatis a web-based video chat platform, based in Philadelphia. A cross generational team, founders Dillon Myers and Alan Gibson, worked to design a platform that made it easy for anyone, especially older adults, to join and participate in video-based meetings and events. OneClick.chat does not require users to download any software or use logins, allowing users to access chat rooms with a simple and shareable URL. About University of Illinois Research Team The University of Illinois at Urbana-Champaign has an initiative focused on Collaborations in Health, Aging, Research, and Technology (CHART https://chart.ahs.illinois.edu/), led by Dr. Wendy Rogers. The vision for this effort is to Harness Technology to Support Successful Aging. CHART is housed within the College of Applied Health Sciences, which has a mission to advance research, instruction, and public engagement that promotes the development of healthy, livable communities, facilitates optimal living with disability and promotes health and wellness across the lifespan. DISCLAIMER This project is supported by the National Institute on Aging of the National Institutes of Health under Award Number R44 AG059450-02A1. The content is solely the responsibility of OneClick.chat and does not necessarily represent the official views of the National Institutes of Health Media Contact: Erik Yorke, Interdependence Public Relations, (330) 416-2461, [emailprotected] SOURCE OneClick.chat
edtsum786
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: BOSTON--(BUSINESS WIRE)--Motus, the definitive leader in solutions for businesses with mobile-enabled workforces, today released its 2020 Vehicle Depreciation Trends Report, which identifies the trends influencing the automobile industry in light of the COVID-19 pandemic. The report found that the reduced vehicle inventory, coupled with increased consumer demand, has driven up the prices of new vehicles and residual values of pre-owned automobiles. As a result, Motus predicts the rate of depreciation will decrease by as much as 3% over the course of 2021. The U.S. automotive industry endured its longest disruption in vehicle production since World War II when every major manufacturer ceased operations for an eight-week period in the spring. The shutdown, and subsequent shortage of new vehicles, has the number of new vehicles sold in 2020 on pace to finish between 15-20% below 2019 levels. Despite this deficiency, the report found that consumer demand for vehicles persisted. Used car inventories became constrained due to the reduction in new vehicle production and sales. The high demand and low supply of both new and used vehicles caused prices and residual value to rise across the board. Compared to 2019, the average sale price for new vehicles in 2020 increased by $1,200 to $38,400. Similarly, the average used vehicle price rose by $900 to $20,400 since January. The pandemic has decimated vehicle inventories, and consumer demand has remained surprisingly steady. Its no surprise were seeing premium prices on both new and used automobiles, said Ken Robinson, Market Research Manager at Motus. New vehicle prices and residual values both influence depreciation and both have been impacted by the pandemic. If supply and demand trends in motion remain consistent, we predict that depreciation will decrease by 1-3% over the course of 2021. The report found that an influx of mass transit riders who chose to start driving because of public health concerns was a significant factor in the increase in consumer demand for vehicles. Midway through 2020, U.S. public transit trips were trending at 56% of 2019 levels. At this time, public transportation businesses reported 86% lower ridership due to the pandemic. Beyond an increase in new buyers, a digital transformation in the car buying experience contributed heavily to the rapid recovery of demand for new vehicles. To meet changing consumer preferences, more than 80% of franchised car dealerships had digital buying options in place by the end of June to deliver vehicles right to a consumers home. Additional findings in the 2020 Vehicle Depreciation Trends Report include: To download the full report, please visit: https://resources.motus.com/reports/2020-vehicle-depreciation-trends-report. About Motus Motus is the definitive leader in solutions for businesses with mobile-enabled workforces. Motus simplifies reimbursement and management of mileage, mobile devices and remote work with proprietary software that calculates personalized reimbursements for each employee, while improving employee productivity, reducing overall mobility costs and supporting customers tax and labor law compliance programs. The companys unmatched living cost data, refined over more than 80 years and updated in real time, has made Motus the leading provider of mobile workforce management solutions for top Fortune 500 companies. Motus automotive data, captured and analyzed across the worlds largest retained pool of drivers, also underpins the annual Internal Revenue Service (IRS) business mileage standard, the amount an individual can deduct for business vehicle expenses. For more information please visit www.motus.com or connect with us on Twitter, Facebook, Instagram or LinkedIn. Answer:
Motus Research Predicts Decreased Depreciation Rates Due to Vehicle Inventory Shortage and Heightened Consumer Demand Report Reveals Pandemics Impact on New Vehicle Prices and Residual Values
BOSTON--(BUSINESS WIRE)--Motus, the definitive leader in solutions for businesses with mobile-enabled workforces, today released its 2020 Vehicle Depreciation Trends Report, which identifies the trends influencing the automobile industry in light of the COVID-19 pandemic. The report found that the reduced vehicle inventory, coupled with increased consumer demand, has driven up the prices of new vehicles and residual values of pre-owned automobiles. As a result, Motus predicts the rate of depreciation will decrease by as much as 3% over the course of 2021. The U.S. automotive industry endured its longest disruption in vehicle production since World War II when every major manufacturer ceased operations for an eight-week period in the spring. The shutdown, and subsequent shortage of new vehicles, has the number of new vehicles sold in 2020 on pace to finish between 15-20% below 2019 levels. Despite this deficiency, the report found that consumer demand for vehicles persisted. Used car inventories became constrained due to the reduction in new vehicle production and sales. The high demand and low supply of both new and used vehicles caused prices and residual value to rise across the board. Compared to 2019, the average sale price for new vehicles in 2020 increased by $1,200 to $38,400. Similarly, the average used vehicle price rose by $900 to $20,400 since January. The pandemic has decimated vehicle inventories, and consumer demand has remained surprisingly steady. Its no surprise were seeing premium prices on both new and used automobiles, said Ken Robinson, Market Research Manager at Motus. New vehicle prices and residual values both influence depreciation and both have been impacted by the pandemic. If supply and demand trends in motion remain consistent, we predict that depreciation will decrease by 1-3% over the course of 2021. The report found that an influx of mass transit riders who chose to start driving because of public health concerns was a significant factor in the increase in consumer demand for vehicles. Midway through 2020, U.S. public transit trips were trending at 56% of 2019 levels. At this time, public transportation businesses reported 86% lower ridership due to the pandemic. Beyond an increase in new buyers, a digital transformation in the car buying experience contributed heavily to the rapid recovery of demand for new vehicles. To meet changing consumer preferences, more than 80% of franchised car dealerships had digital buying options in place by the end of June to deliver vehicles right to a consumers home. Additional findings in the 2020 Vehicle Depreciation Trends Report include: To download the full report, please visit: https://resources.motus.com/reports/2020-vehicle-depreciation-trends-report. About Motus Motus is the definitive leader in solutions for businesses with mobile-enabled workforces. Motus simplifies reimbursement and management of mileage, mobile devices and remote work with proprietary software that calculates personalized reimbursements for each employee, while improving employee productivity, reducing overall mobility costs and supporting customers tax and labor law compliance programs. The companys unmatched living cost data, refined over more than 80 years and updated in real time, has made Motus the leading provider of mobile workforce management solutions for top Fortune 500 companies. Motus automotive data, captured and analyzed across the worlds largest retained pool of drivers, also underpins the annual Internal Revenue Service (IRS) business mileage standard, the amount an individual can deduct for business vehicle expenses. For more information please visit www.motus.com or connect with us on Twitter, Facebook, Instagram or LinkedIn.
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: NEW YORK, March 8, 2021 /PRNewswire/ -- iQSTEL, Inc. (USOTC: IQST), an international provider of Telecom, Technology, Fintech and Blockchain solutions, today announced its new Visa Debit Card service is scheduled to launch by the end of Q2 2021 in June. iQSTEL recently announced entering into an agreement with Payment Virtual Mobile Solutions, LLC (PayVMS) to build a Visa Prepaid Debit Card Service (PDCS). The Visa PDCS is expected to generate estimated revenue over five years of$45 millionto$128 millionwith an approximate EBITDA margin of 30% to 40%. The new Visa PDCS will be constructed under a new subsidiary corporation named Global Money One, Inc. (www.globalmoneyone.com). iQSTEL will own 75% of Global Money One, Inc. with PayVMS owning the other 25%. PDCS is expected to enable customers to make purchases in stores and online, withdraw cash at ATMs or receive cash back when using it to make a purchase, recharge prepaid mobile phone service (domestic and international), and send money domestically or internationally. PDCS is expected to also facilitate the deposit of funds into bank accounts, rewards and digital gift cards. In addition, PDCS customers are expected to be able to execute bill payments and About iQSTEL Inc.: iQSTEL Inc (OTC: IQST) (www.iQSTEL.com) is a US-based publicly-listed company offering leading-edge Telecommunication, Technology and Fintech Services for Global Markets, with presence in 13 countries. The company provides services to the Telecommunications,Electric Vehicle (EV), Liquid Fuel Distribution, Chemical and Financial Services Industries. iQSTEL has 4 Business Divisions: Telecom, Technology, Fintech and Blockchain, with worldwide B2B and B2C customer relations operating through its subsidiaries: Etelix, SwissLink, QGlobal SMS, SMSDirectos, IoT Labs, Global Money One and itsBchain. The Company has an extensive portfolio of products and services for its clients: SMS, VoIP, 4G & 5G international infrastructure connectivity, Cloud-PBX, OmniChannel Marketing, IoT Smart Electric Vehicle Platform, iQ Batteries for Electric Vehicles, IoT Smart Gas Platform, IoT Smart Tank Platform, Visa Debit Card, Money Remittance, Mobile Number Portability Application MNPA (Blockchain Platform) and Settlement & Payments Marketplace (Blockchain Platform). Safe Harbor Statement:Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and iQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. iQSTEL Inc. IR US Phone: 646-740-0907, IR Email: [emailprotected] www.iqstel.com Logo - https://mma.prnewswire.com/media/1308745/iQSTEL_Logo.jpg SOURCE iQSTEL, Inc. Answer:
IQST - iQSTEL New Visa Debit Card Service Scheduled To Launch By June Initiating $128 Million Revenue Stream Opportunity
NEW YORK, March 8, 2021 /PRNewswire/ -- iQSTEL, Inc. (USOTC: IQST), an international provider of Telecom, Technology, Fintech and Blockchain solutions, today announced its new Visa Debit Card service is scheduled to launch by the end of Q2 2021 in June. iQSTEL recently announced entering into an agreement with Payment Virtual Mobile Solutions, LLC (PayVMS) to build a Visa Prepaid Debit Card Service (PDCS). The Visa PDCS is expected to generate estimated revenue over five years of$45 millionto$128 millionwith an approximate EBITDA margin of 30% to 40%. The new Visa PDCS will be constructed under a new subsidiary corporation named Global Money One, Inc. (www.globalmoneyone.com). iQSTEL will own 75% of Global Money One, Inc. with PayVMS owning the other 25%. PDCS is expected to enable customers to make purchases in stores and online, withdraw cash at ATMs or receive cash back when using it to make a purchase, recharge prepaid mobile phone service (domestic and international), and send money domestically or internationally. PDCS is expected to also facilitate the deposit of funds into bank accounts, rewards and digital gift cards. In addition, PDCS customers are expected to be able to execute bill payments and About iQSTEL Inc.: iQSTEL Inc (OTC: IQST) (www.iQSTEL.com) is a US-based publicly-listed company offering leading-edge Telecommunication, Technology and Fintech Services for Global Markets, with presence in 13 countries. The company provides services to the Telecommunications,Electric Vehicle (EV), Liquid Fuel Distribution, Chemical and Financial Services Industries. iQSTEL has 4 Business Divisions: Telecom, Technology, Fintech and Blockchain, with worldwide B2B and B2C customer relations operating through its subsidiaries: Etelix, SwissLink, QGlobal SMS, SMSDirectos, IoT Labs, Global Money One and itsBchain. The Company has an extensive portfolio of products and services for its clients: SMS, VoIP, 4G & 5G international infrastructure connectivity, Cloud-PBX, OmniChannel Marketing, IoT Smart Electric Vehicle Platform, iQ Batteries for Electric Vehicles, IoT Smart Gas Platform, IoT Smart Tank Platform, Visa Debit Card, Money Remittance, Mobile Number Portability Application MNPA (Blockchain Platform) and Settlement & Payments Marketplace (Blockchain Platform). Safe Harbor Statement:Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and iQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. iQSTEL Inc. IR US Phone: 646-740-0907, IR Email: [emailprotected] www.iqstel.com Logo - https://mma.prnewswire.com/media/1308745/iQSTEL_Logo.jpg SOURCE iQSTEL, Inc.
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: HOLON, Israel, April 8, 2020 /PRNewswire/ -- Sapiens International Corporation N.V. (NASDAQ: SPNS)(TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the U.S. Securities and Exchange Commission (the "SEC"). The annual report on Form 20-F, which contains Sapiens' audited financial statements, can be accessed at the SEC's website athttp://www.sec.gov, as well as via the Company's investor relations website athttps://www.sapiens.com/investor-relations/sec-filings/. The Company will deliver a hard copy of its annual report on Form 20-F, including its complete audited financial statements, free of charge, to its shareholders upon request to Alex Zukerman, Chief Marketing Officer, at +972-54-672-4910 or [emailprotected]. About Sapiens Sapiens International Corporation empowers insurers to succeed in an evolving industry. The company offers digital software platforms, solutions and services for the property and casualty, life, pension and annuity, reinsurance, financial and compliance, workers' compensation and financial markets. With more than 35 years of experience delivering to over 500 organizations globally, Sapiens has a proven ability to satisfy customers' core, data and digital requirements. For more information:www.sapiens.com. Media ContactAlex ZukermanChief Marketing OfficerIL: +972 546-724-910 [emailprotected] SOURCE Sapiens International Related Links https://www.sapiens.com/ Answer:
Sapiens Files Annual Report on Form 20-F for the Year Ended December 31, 2019 English English
HOLON, Israel, April 8, 2020 /PRNewswire/ -- Sapiens International Corporation N.V. (NASDAQ: SPNS)(TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the U.S. Securities and Exchange Commission (the "SEC"). The annual report on Form 20-F, which contains Sapiens' audited financial statements, can be accessed at the SEC's website athttp://www.sec.gov, as well as via the Company's investor relations website athttps://www.sapiens.com/investor-relations/sec-filings/. The Company will deliver a hard copy of its annual report on Form 20-F, including its complete audited financial statements, free of charge, to its shareholders upon request to Alex Zukerman, Chief Marketing Officer, at +972-54-672-4910 or [emailprotected]. About Sapiens Sapiens International Corporation empowers insurers to succeed in an evolving industry. The company offers digital software platforms, solutions and services for the property and casualty, life, pension and annuity, reinsurance, financial and compliance, workers' compensation and financial markets. With more than 35 years of experience delivering to over 500 organizations globally, Sapiens has a proven ability to satisfy customers' core, data and digital requirements. For more information:www.sapiens.com. Media ContactAlex ZukermanChief Marketing OfficerIL: +972 546-724-910 [emailprotected] SOURCE Sapiens International Related Links https://www.sapiens.com/
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: NEW YORK, April 8, 2021 /PRNewswire/ --Crazehas always been about equipping small businesses and startups with the marketing teams they need to grow. But to help its clients adapt and accelerate in this ever-changing climate, it was time to push the company in a new direction. What's changed? Craze's core services have evolved to meet four key changes that it - and most other businesses - hasseen over the past 12 months: Finding great marketers is a challenge - especially for fast-growing businesses. And while there are solutions available like agencies, freelancers, and full-time hires, these add numerous expenses to an already-strained budget. Businesses are running lean and they want to maintain that structure while still achieving rapid growth. Content is king but most businesses simply do not have the budget or bandwidth to create meaningful executions that push them forward. Businesses need dedicated teams that can deliver a diverse portfolio of services, operate daily marketing functions, and help develop long-term marketing strategies. So, Craze reshaped its business model and created package offerings that allow clients to focus on what they do best. And the companyalso assembled a dream team to help pull it off. Who are the new guys? Blaine Fuhs, Partner and COO -Two years ago, Blaine went into LA to be a light in the marketing and production industry. He came out with a star-studded portfolio and a lifetime's worth of experience. Now he joins Craze to handle the tone and strategy for all clients as well as the company itself. "My hope is that when I take a step back and look at what we are building here at Craze, we will not only help startups and businesses succeed, but we will help give meaning to their successes." - Blaine Fuhs Dalton Misner, Partner and CMO - Dalton has a rich background in the music industry, working with clients he guarantees you've heard of (and maybe obsessed over). He joins Craze to make its clients equally famous, leading strategic partnerships, influencer management, and brand assurance. "I've been very fortunate to work with amazing brands, artists, and entrepreneurs, and I'm fired up to be building world-class teams at Craze. We're giving small businesses and startups the same access to dynamic content and marketing capabilities as the big players and, in the short time I've been at Craze, I've already experienced the difference our team can make. It's a promising foundation to build on as we move forward." - Dalton Misner And who is the fearless leader? Scott Rosenbluth, Co-Founder and CEO - Scott was there in Craze's humble beginnings, and he'll continue to lead through this relaunch. He'll be overseeing new business, operations, and HR while also continuing to build specialized lanes for Craze to grow through eCommerce, startups, live events, sports, and youth. "We've spent a good amount of time perfecting our process and service offering. Now that it's in place, we're excited to provide small businesses with the human capital they need to accelerate growth through marketing." - Scott Rosenbluth What does all of this look like in action? The company starts by having small businesses and startups choose a package that best fits their monthly budget. Next, Craze's executive team works directly with each client to develop a marketing strategy, creative concepts, and overall plan for growth. Once the client is on-boarded, Craze's marketing managers become the main connector between the business and its new marketing team. This includes weekly or bi-weekly calls, end-of-month reporting, and weekly ad updates. This results in Craze being less of a service and more a direct extension of the client's core team. Recent tech innovations have made this transition seamless since businesses have already been staying connected remotely over this past year. These businesses will then have access to robust content development capabilities from inception to production for brand commercials, thought-leadership videos, podcasts, daily social media content, and more. Plus, as these companies soar to new heights, Craze will make sure its dedicated teams scale alongside them until it has amassed a small army of designers, social media managers, content creators, and paid-ad experts to help them take on the world. How can future clients learn more? Small businesses and startups can sign up for a free consultation by visiting crazemgmt.com. Craze BioWhile based in New York and Los Angeles, Craze works with clients across the country. Most people will want to call them an agency, but they like to think of themselves as an internal marketing team you can bring on for the cost of one hire. They provide strategy, content creation, social media management, copywriting, SEO, paid ads, and business development - plus you don't have to cover their health insurance. CONTACT:Jennifer Stone, CrazeCommunications Manager[emailprotected] Related Imagesimage1.png SOURCE Craze Answer:
Craze Charges Forward With New Strategy, Business Model, and Executive Team
NEW YORK, April 8, 2021 /PRNewswire/ --Crazehas always been about equipping small businesses and startups with the marketing teams they need to grow. But to help its clients adapt and accelerate in this ever-changing climate, it was time to push the company in a new direction. What's changed? Craze's core services have evolved to meet four key changes that it - and most other businesses - hasseen over the past 12 months: Finding great marketers is a challenge - especially for fast-growing businesses. And while there are solutions available like agencies, freelancers, and full-time hires, these add numerous expenses to an already-strained budget. Businesses are running lean and they want to maintain that structure while still achieving rapid growth. Content is king but most businesses simply do not have the budget or bandwidth to create meaningful executions that push them forward. Businesses need dedicated teams that can deliver a diverse portfolio of services, operate daily marketing functions, and help develop long-term marketing strategies. So, Craze reshaped its business model and created package offerings that allow clients to focus on what they do best. And the companyalso assembled a dream team to help pull it off. Who are the new guys? Blaine Fuhs, Partner and COO -Two years ago, Blaine went into LA to be a light in the marketing and production industry. He came out with a star-studded portfolio and a lifetime's worth of experience. Now he joins Craze to handle the tone and strategy for all clients as well as the company itself. "My hope is that when I take a step back and look at what we are building here at Craze, we will not only help startups and businesses succeed, but we will help give meaning to their successes." - Blaine Fuhs Dalton Misner, Partner and CMO - Dalton has a rich background in the music industry, working with clients he guarantees you've heard of (and maybe obsessed over). He joins Craze to make its clients equally famous, leading strategic partnerships, influencer management, and brand assurance. "I've been very fortunate to work with amazing brands, artists, and entrepreneurs, and I'm fired up to be building world-class teams at Craze. We're giving small businesses and startups the same access to dynamic content and marketing capabilities as the big players and, in the short time I've been at Craze, I've already experienced the difference our team can make. It's a promising foundation to build on as we move forward." - Dalton Misner And who is the fearless leader? Scott Rosenbluth, Co-Founder and CEO - Scott was there in Craze's humble beginnings, and he'll continue to lead through this relaunch. He'll be overseeing new business, operations, and HR while also continuing to build specialized lanes for Craze to grow through eCommerce, startups, live events, sports, and youth. "We've spent a good amount of time perfecting our process and service offering. Now that it's in place, we're excited to provide small businesses with the human capital they need to accelerate growth through marketing." - Scott Rosenbluth What does all of this look like in action? The company starts by having small businesses and startups choose a package that best fits their monthly budget. Next, Craze's executive team works directly with each client to develop a marketing strategy, creative concepts, and overall plan for growth. Once the client is on-boarded, Craze's marketing managers become the main connector between the business and its new marketing team. This includes weekly or bi-weekly calls, end-of-month reporting, and weekly ad updates. This results in Craze being less of a service and more a direct extension of the client's core team. Recent tech innovations have made this transition seamless since businesses have already been staying connected remotely over this past year. These businesses will then have access to robust content development capabilities from inception to production for brand commercials, thought-leadership videos, podcasts, daily social media content, and more. Plus, as these companies soar to new heights, Craze will make sure its dedicated teams scale alongside them until it has amassed a small army of designers, social media managers, content creators, and paid-ad experts to help them take on the world. How can future clients learn more? Small businesses and startups can sign up for a free consultation by visiting crazemgmt.com. Craze BioWhile based in New York and Los Angeles, Craze works with clients across the country. Most people will want to call them an agency, but they like to think of themselves as an internal marketing team you can bring on for the cost of one hire. They provide strategy, content creation, social media management, copywriting, SEO, paid ads, and business development - plus you don't have to cover their health insurance. CONTACT:Jennifer Stone, CrazeCommunications Manager[emailprotected] Related Imagesimage1.png SOURCE Craze
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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, Oct. 30, 2020 /PRNewswire/ -- The "Global Stock Music Market 2020-2024" report has been added to ResearchAndMarkets.com's offering. The stock music market is poised to grow by $275.89 millon during 2020-2024 progressing at a CAGR of 5% during the forecast period. This report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising adoption of subscription models and increased regulatory pressure to prevent music piracy and copyright infringement. The study also identifies increasing adoption of digital music as one of the prime reasons driving the stock music market growth during the next few years.The stock music market is segmented as below:By License Model RF RM By Geographic Landscapes North America Europe APAC South America MEA The stock music market covers the following areas: Stock music market sizing Stock music market forecast Stock music market industry analysis The robust vendor analysis included in the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading stock music market vendors that include Audio Network Ltd., Envato Pty Ltd., Epidemic Sound AB, Footage Firm Inc., Inmagine Group, Pond5 Inc., Shutterstock Inc., SoundCloud Ltd., The Carlyle Group Inc., and The Music Bed LLC. Also, the stock music market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.Key Topics Covered: Executive Summary Market Overview Market Landscape Market ecosystem Value chain analysis Market Sizing Market definition Market segment analysis Market size 2019 Market outlook: Forecast for 2019 - 2024 Five Forces Analysis Five forces summary Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition Market Segmentation by License Model Market segments Comparison by License Model RF - Market size and forecast 2019-2024 RM - Market size and forecast 2019-2024 Market opportunity by License Model Customer landscapeGeographic Landscape Geographic segmentation Geographic comparison North America - Market size and forecast 2019-2024 Europe - Market size and forecast 2019-2024 APAC - Market size and forecast 2019-2024 South America - Market size and forecast 2019-2024 MEA - Market size and forecast 2019-2024 Key leading countries Market opportunity by geography Market drivers Market challenges Market trends Vendor Landscape Vendor landscape Landscape disruption Competitive scenario Vendor Analysis Vendors covered Market positioning of vendors Audio Network Ltd. Envato Pty Ltd. Epidemic Sound AB Footage Firm Inc. Inmagine Group Pond5 Inc. Shutterstock Inc. SoundCloud Ltd. The Carlyle Group Inc. The Music Bed LLC For more information about this report visit https://www.researchandmarkets.com/r/5xnou8 About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com Answer:
Global Stock Music Market is Forecast to Grow by $275.89 Million During 2020 and 2024, at a CAGR of 5%
DUBLIN, Oct. 30, 2020 /PRNewswire/ -- The "Global Stock Music Market 2020-2024" report has been added to ResearchAndMarkets.com's offering. The stock music market is poised to grow by $275.89 millon during 2020-2024 progressing at a CAGR of 5% during the forecast period. This report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising adoption of subscription models and increased regulatory pressure to prevent music piracy and copyright infringement. The study also identifies increasing adoption of digital music as one of the prime reasons driving the stock music market growth during the next few years.The stock music market is segmented as below:By License Model RF RM By Geographic Landscapes North America Europe APAC South America MEA The stock music market covers the following areas: Stock music market sizing Stock music market forecast Stock music market industry analysis The robust vendor analysis included in the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading stock music market vendors that include Audio Network Ltd., Envato Pty Ltd., Epidemic Sound AB, Footage Firm Inc., Inmagine Group, Pond5 Inc., Shutterstock Inc., SoundCloud Ltd., The Carlyle Group Inc., and The Music Bed LLC. Also, the stock music market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.Key Topics Covered: Executive Summary Market Overview Market Landscape Market ecosystem Value chain analysis Market Sizing Market definition Market segment analysis Market size 2019 Market outlook: Forecast for 2019 - 2024 Five Forces Analysis Five forces summary Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition Market Segmentation by License Model Market segments Comparison by License Model RF - Market size and forecast 2019-2024 RM - Market size and forecast 2019-2024 Market opportunity by License Model Customer landscapeGeographic Landscape Geographic segmentation Geographic comparison North America - Market size and forecast 2019-2024 Europe - Market size and forecast 2019-2024 APAC - Market size and forecast 2019-2024 South America - Market size and forecast 2019-2024 MEA - Market size and forecast 2019-2024 Key leading countries Market opportunity by geography Market drivers Market challenges Market trends Vendor Landscape Vendor landscape Landscape disruption Competitive scenario Vendor Analysis Vendors covered Market positioning of vendors Audio Network Ltd. Envato Pty Ltd. Epidemic Sound AB Footage Firm Inc. Inmagine Group Pond5 Inc. Shutterstock Inc. SoundCloud Ltd. The Carlyle Group Inc. The Music Bed LLC For more information about this report visit https://www.researchandmarkets.com/r/5xnou8 About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: SHANGRAO, China, Dec. 29, 2020 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (NYSE: JKS) (the "Company," or "JinkoSolar"), one of the largest and most innovative solar module manufacturers in the world, today announced that all shareholders resolutions proposed at the Company's 2020 annual general meeting held today were duly passed. Specifically, the shareholders passed the following resolutions approving: The re-election of Mr. Yingqiu Liu as a director of the Company; The re-election of Mr. Wing Keong Siew as a director of the Company; The ratification of the appointment of Mr. Haiyun (Charlie) Cao and the re-election of him as a director of the Company; The ratification of the appointment of PricewaterhouseCoopers Zhong Tian LLP as auditors of the Company for the fiscal year of 2020; The authorization of the directors of the Company to determine the remuneration of the auditors; and The authorization of each of the directors of the Company to take any and all action that might be necessary to effect the forgoing resolutions 1 to 5 as such director, in his or her absolute discretion, thinks fit. About JinkoSolar Holding Co., Ltd. JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 20 GW for mono wafers, 11 GW for solar cells, and 25 GW for solar modules, as of September 30, 2020. JinkoSolar has 9 productions facilities globally, 21 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Kenya, Hong Kong, Denmark, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina, as of September 30, 2020. To find out more, please see: www.jinkosolar.com. Safe Harbor Statement This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. For investor and media inquiries, please contact: In China: Ripple ZhangJinkoSolar Holding Co., Ltd.Tel: +86 21-5183-3105Email: [emailprotected] Rene VanguestaineChristensenTel: + 86 178 1749 0483Email: [emailprotected] In the U.S.: Ms. Linda Bergkamp ChristensenTel: +1-480-614-3004Email: [emailprotected] SOURCE JinkoSolar Holding Co., Ltd. Related Links www.jinkosolar.com Answer:
JinkoSolar Announces Results of 2020 Annual General Meeting
SHANGRAO, China, Dec. 29, 2020 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. (NYSE: JKS) (the "Company," or "JinkoSolar"), one of the largest and most innovative solar module manufacturers in the world, today announced that all shareholders resolutions proposed at the Company's 2020 annual general meeting held today were duly passed. Specifically, the shareholders passed the following resolutions approving: The re-election of Mr. Yingqiu Liu as a director of the Company; The re-election of Mr. Wing Keong Siew as a director of the Company; The ratification of the appointment of Mr. Haiyun (Charlie) Cao and the re-election of him as a director of the Company; The ratification of the appointment of PricewaterhouseCoopers Zhong Tian LLP as auditors of the Company for the fiscal year of 2020; The authorization of the directors of the Company to determine the remuneration of the auditors; and The authorization of each of the directors of the Company to take any and all action that might be necessary to effect the forgoing resolutions 1 to 5 as such director, in his or her absolute discretion, thinks fit. About JinkoSolar Holding Co., Ltd. JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 20 GW for mono wafers, 11 GW for solar cells, and 25 GW for solar modules, as of September 30, 2020. JinkoSolar has 9 productions facilities globally, 21 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Kenya, Hong Kong, Denmark, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina, as of September 30, 2020. To find out more, please see: www.jinkosolar.com. Safe Harbor Statement This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. For investor and media inquiries, please contact: In China: Ripple ZhangJinkoSolar Holding Co., Ltd.Tel: +86 21-5183-3105Email: [emailprotected] Rene VanguestaineChristensenTel: + 86 178 1749 0483Email: [emailprotected] In the U.S.: Ms. Linda Bergkamp ChristensenTel: +1-480-614-3004Email: [emailprotected] SOURCE JinkoSolar Holding Co., Ltd. Related Links www.jinkosolar.com
edtsum824
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: LAS VEGAS, Jan. 15, 2021 /PRNewswire/ --ROC Title, a full-service title and escrow company with six locations serving Nevada and Arizona, celebrated its fifth anniversary this year with over 48% growth and was also named the fastest growing title company in America by Inc. 500/5000. "Despite the uncertainty and challenges of 2020, it was our best year ever," said Tara Johnson, ROC Title President. "Our team of ROCstars have no intention of slowing down in the new year." In just five short years, ROC Title is now one of the top ten title companies in Las Vegas, NV, and was named a 'Best of Las Vegas' winner by the Las Vegas Review-Journal. The company is projecting 40% growth in business in the new year, attracting more top talent while expanding to new locations to support its 'Ready, Open, Close,' hassle-free experience. Additionally, the company is also committed to its communities and is a proud sponsor of the Women's Council of REALTORS. The ROC Title team gives back through local volunteerism and fundraisers and is a VAREP (Veterans Association of Real Estate Professionals) sponsor. ROC Title sets itself apart with a commitment to closing escrows on time and providing excellent customer service. The awesome culture, modern marketing and branding, and dynamic offices have helped ROC Title achieve number one market share in three of the largest real estate offices in Las Vegas. ABOUT ROC TITLE ROC Title was founded in 2015 and now operates six full-service offices across Nevada and Arizona. Besides the awesome culture, modern marketing and branding, and dynamic offices, their talented and caring ROCSTARS are committed to closing escrows on time while providing lower costs versus the competition with the clear understanding that everyone loves value. To learn more, visit ROCTitle.com. SOURCE ROC Title Answer:
ROC Title Breaks Growth Records In 2020 The company celebrates five-year anniversary smashing its own records while being named the fastest growing Title Company in America
LAS VEGAS, Jan. 15, 2021 /PRNewswire/ --ROC Title, a full-service title and escrow company with six locations serving Nevada and Arizona, celebrated its fifth anniversary this year with over 48% growth and was also named the fastest growing title company in America by Inc. 500/5000. "Despite the uncertainty and challenges of 2020, it was our best year ever," said Tara Johnson, ROC Title President. "Our team of ROCstars have no intention of slowing down in the new year." In just five short years, ROC Title is now one of the top ten title companies in Las Vegas, NV, and was named a 'Best of Las Vegas' winner by the Las Vegas Review-Journal. The company is projecting 40% growth in business in the new year, attracting more top talent while expanding to new locations to support its 'Ready, Open, Close,' hassle-free experience. Additionally, the company is also committed to its communities and is a proud sponsor of the Women's Council of REALTORS. The ROC Title team gives back through local volunteerism and fundraisers and is a VAREP (Veterans Association of Real Estate Professionals) sponsor. ROC Title sets itself apart with a commitment to closing escrows on time and providing excellent customer service. The awesome culture, modern marketing and branding, and dynamic offices have helped ROC Title achieve number one market share in three of the largest real estate offices in Las Vegas. ABOUT ROC TITLE ROC Title was founded in 2015 and now operates six full-service offices across Nevada and Arizona. Besides the awesome culture, modern marketing and branding, and dynamic offices, their talented and caring ROCSTARS are committed to closing escrows on time while providing lower costs versus the competition with the clear understanding that everyone loves value. To learn more, visit ROCTitle.com. SOURCE ROC Title
edtsum829
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: FOUNTAIN VALLEY, Calif., May 1, 2020 /PRNewswire/ -- Hyundai Motor America reported total April sales of 33,968 units, a 39% decrease compared with April 2019. Retail sales declined 28%, while fleet sales were down 74% and represented 10% of total volume. Monthly sales results were better than early industry predictions that forecasted an 80% decline in April. Hyundai sold 30,468 retail units in April, up 6% compared with March 2020. Hyundai's SUVs represented 67% of the total retail mix. Tucson was the strongest performing Hyundai model with retail sales increasing 7% year-over-year. Tucson achieved a significant milestone in April, exceeding 1 million total sales in the U.S. First introduced in 2004, Tucson has gone on to be one of Hyundai's most popular vehicles and was the second highest selling model in 2019. Now in its third generation, Tucson continues to attract buyers with its refreshed designed and extensive comfort, safety and technology features. April Sales Summary Apr-20 Apr-19 2020 YTD 2019 YTD Hyundai 33,968 55,420 164,843 203,005 "The COVID-19 global pandemic significantly disrupted the U.S. auto industry in April, but Hyundai sales showed some resiliency thanks to the ingenuity of our dealers and being first to market with robust customer assistance programs," said Randy Parker, vice president, National Sales, Hyundai Motor America. "Sales varied significantly across regions. We focused on supporting sales in areas that transitioned from showroom retail to digital and contactless retail sales and service. We look forward to supporting our dealers and customers as cities, counties and states slowly re-open and we begin returning to work after this tragic pandemic." Hyundai Assurance Job Loss Protection Extension Hyundai is providing peace of mind by extending the Assurance Job Loss Protection program through May 17. The industry-first program covers up to six months of payments for Hyundai owners who purchased or leased a Hyundai vehicle between March 14 and May 17, 2020 if they lose their job due to COVID-19 this year. The program is executed in partnership with Insurianand for more details visit HyundaiUSA.com. Hyundai customers can also depend on other Assurance programs, including Hyundai Complimentary Maintenance and America's Best Warranty. Hyundai's Retail Operations and Safety Practices Hyundai dealers across the country enhanced their safety measures and adapted their businesses to comply with social distancing guidelines by leveraging Shopper Assuranceand Hyundai's Click to Buycapability. Hyundai dealers have implemented thorough cleaning and disinfection practices for all facilities and vehicles going to customers, while increasing digital communication between the customer and dealer staff. More than 95% of all Hyundai dealers offer digital retailing and most will deliver new vehicles to customers' homes. For service or repair, almost all of Hyundai dealers will pick up and drop off the customers' vehicles. Hyundai also salutes its dealers who have helped their hometowns and communities by providing complimentary maintenance for first responders, loaning service vehicles, and delivering critical supplies. April Product and Corporate Activities Coronavirus (COVID-19) Actions: In response to this global crisis, Hyundai has taken numerous actions to help employees, customers, dealers and healthcare providers, all of which can be found on HyundaiNews.comand HyundaiUSA.com Hyundai Hope On Wheels Donations: Hyundai's non-profit organization, Hyundai Hope On Wheels, donated$4.3 million and 65,000 COVID-19 tests to 22 children's hospitals and institutions across the country for drive thru testing centers Global Warranty Extension: Hyundai owners in the U.S. with a 5-year/60,000-mile new vehicle limited warranty or a 10-year/100,000-mile powertrain warranty that is expiring between March and June 2020, will have their warranty extended to June 30, 2020 New Vehicles: Hyundai pulled the virtual sheet off of the upcoming Veloster Nwith a new DCT transmission and previewed the all-new 2021 Elantra N Line Safety Awards: The 2020 Palisade, Sonataand Sonata Hybrid all received Five-Star Safety Ratings from NHTSA Product Awards: The Kona Electric was acknowledged as the Best Small Family Car in the inaugural TopGear Electric Awardsand was named Best Electric Vehicle by U.S. News & World Report, who also recognized Ioniq Hybrid with its Best Hybrid Car award Earth Day: For the 50th anniversary of Earth Day, Hyundai released a "How it Works" video for its NEXO fuel cell SUV and globally premiered a new filmwith the global K-pop group, BTS Model Sales Vehicle Apr-20 Apr-19 2020 YTD 2019 YTD Accent 736 2,834 5,543 9,615 Elantra 7,536 16,586 33,281 52,698 Ioniq 422 1,211 3,944 4,521 Kona 3,114 5,154 18,288 23,551 Nexo 3 19 54 79 Palisade 3,331 0 20,420 0 Santa Fe 5,602 10,746 25,504 39,429 Sonata 3,428 8,634 19,030 30,154 Tucson 8,438 8,682 32,173 37,513 Veloster 541 1,554 2,623 5,445 Venue 817 0 3,983 0 Hyundai Motor America At Hyundai Motor America, we believe everyone deserves better. From the way we design and build our cars to the way we treat the people who drive them, making things better is at the heart of everything we do. Hyundai's technology-rich product lineup of cars, SUVs and alternative-powered electric and fuel cell vehicles is backed by Hyundai Assuranceour promise to create a better experience for customers. Hyundai vehicles are sold and serviced through more than 820 dealerships nationwide and nearly half of those sold in the U.S. are built at Hyundai Motor Manufacturing Alabama. Hyundai Motor America is headquartered in Fountain Valley, California, and is a subsidiary of Hyundai Motor Company of Korea. Please visit our media website at www.HyundaiNews.com Hyundai Motor America on Twitter | YouTube | Facebook | Instagram SOURCE Hyundai Motor America Related Links https://www.hyundainews.com/ Answer:
Hyundai Motor America Reports April 2020 Sales and Extends Consumer Benefits
FOUNTAIN VALLEY, Calif., May 1, 2020 /PRNewswire/ -- Hyundai Motor America reported total April sales of 33,968 units, a 39% decrease compared with April 2019. Retail sales declined 28%, while fleet sales were down 74% and represented 10% of total volume. Monthly sales results were better than early industry predictions that forecasted an 80% decline in April. Hyundai sold 30,468 retail units in April, up 6% compared with March 2020. Hyundai's SUVs represented 67% of the total retail mix. Tucson was the strongest performing Hyundai model with retail sales increasing 7% year-over-year. Tucson achieved a significant milestone in April, exceeding 1 million total sales in the U.S. First introduced in 2004, Tucson has gone on to be one of Hyundai's most popular vehicles and was the second highest selling model in 2019. Now in its third generation, Tucson continues to attract buyers with its refreshed designed and extensive comfort, safety and technology features. April Sales Summary Apr-20 Apr-19 2020 YTD 2019 YTD Hyundai 33,968 55,420 164,843 203,005 "The COVID-19 global pandemic significantly disrupted the U.S. auto industry in April, but Hyundai sales showed some resiliency thanks to the ingenuity of our dealers and being first to market with robust customer assistance programs," said Randy Parker, vice president, National Sales, Hyundai Motor America. "Sales varied significantly across regions. We focused on supporting sales in areas that transitioned from showroom retail to digital and contactless retail sales and service. We look forward to supporting our dealers and customers as cities, counties and states slowly re-open and we begin returning to work after this tragic pandemic." Hyundai Assurance Job Loss Protection Extension Hyundai is providing peace of mind by extending the Assurance Job Loss Protection program through May 17. The industry-first program covers up to six months of payments for Hyundai owners who purchased or leased a Hyundai vehicle between March 14 and May 17, 2020 if they lose their job due to COVID-19 this year. The program is executed in partnership with Insurianand for more details visit HyundaiUSA.com. Hyundai customers can also depend on other Assurance programs, including Hyundai Complimentary Maintenance and America's Best Warranty. Hyundai's Retail Operations and Safety Practices Hyundai dealers across the country enhanced their safety measures and adapted their businesses to comply with social distancing guidelines by leveraging Shopper Assuranceand Hyundai's Click to Buycapability. Hyundai dealers have implemented thorough cleaning and disinfection practices for all facilities and vehicles going to customers, while increasing digital communication between the customer and dealer staff. More than 95% of all Hyundai dealers offer digital retailing and most will deliver new vehicles to customers' homes. For service or repair, almost all of Hyundai dealers will pick up and drop off the customers' vehicles. Hyundai also salutes its dealers who have helped their hometowns and communities by providing complimentary maintenance for first responders, loaning service vehicles, and delivering critical supplies. April Product and Corporate Activities Coronavirus (COVID-19) Actions: In response to this global crisis, Hyundai has taken numerous actions to help employees, customers, dealers and healthcare providers, all of which can be found on HyundaiNews.comand HyundaiUSA.com Hyundai Hope On Wheels Donations: Hyundai's non-profit organization, Hyundai Hope On Wheels, donated$4.3 million and 65,000 COVID-19 tests to 22 children's hospitals and institutions across the country for drive thru testing centers Global Warranty Extension: Hyundai owners in the U.S. with a 5-year/60,000-mile new vehicle limited warranty or a 10-year/100,000-mile powertrain warranty that is expiring between March and June 2020, will have their warranty extended to June 30, 2020 New Vehicles: Hyundai pulled the virtual sheet off of the upcoming Veloster Nwith a new DCT transmission and previewed the all-new 2021 Elantra N Line Safety Awards: The 2020 Palisade, Sonataand Sonata Hybrid all received Five-Star Safety Ratings from NHTSA Product Awards: The Kona Electric was acknowledged as the Best Small Family Car in the inaugural TopGear Electric Awardsand was named Best Electric Vehicle by U.S. News & World Report, who also recognized Ioniq Hybrid with its Best Hybrid Car award Earth Day: For the 50th anniversary of Earth Day, Hyundai released a "How it Works" video for its NEXO fuel cell SUV and globally premiered a new filmwith the global K-pop group, BTS Model Sales Vehicle Apr-20 Apr-19 2020 YTD 2019 YTD Accent 736 2,834 5,543 9,615 Elantra 7,536 16,586 33,281 52,698 Ioniq 422 1,211 3,944 4,521 Kona 3,114 5,154 18,288 23,551 Nexo 3 19 54 79 Palisade 3,331 0 20,420 0 Santa Fe 5,602 10,746 25,504 39,429 Sonata 3,428 8,634 19,030 30,154 Tucson 8,438 8,682 32,173 37,513 Veloster 541 1,554 2,623 5,445 Venue 817 0 3,983 0 Hyundai Motor America At Hyundai Motor America, we believe everyone deserves better. From the way we design and build our cars to the way we treat the people who drive them, making things better is at the heart of everything we do. Hyundai's technology-rich product lineup of cars, SUVs and alternative-powered electric and fuel cell vehicles is backed by Hyundai Assuranceour promise to create a better experience for customers. Hyundai vehicles are sold and serviced through more than 820 dealerships nationwide and nearly half of those sold in the U.S. are built at Hyundai Motor Manufacturing Alabama. Hyundai Motor America is headquartered in Fountain Valley, California, and is a subsidiary of Hyundai Motor Company of Korea. Please visit our media website at www.HyundaiNews.com Hyundai Motor America on Twitter | YouTube | Facebook | Instagram SOURCE Hyundai Motor America Related Links https://www.hyundainews.com/
edtsum832
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: BEDFORD, Mass., Feb. 10, 2021 /PRNewswire/ --iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced its financial results for the fourth quarter and full year ended January 2, 2021. "iRobot delivered a strong finish to 2020 with revenue, operating income and EPS that surpassed the plans that we outlined at the end of October," said Colin Angle, chairman and chief executive officer of iRobot. "Solid demand combined with excellent collaboration and execution among our sales, marketing and operations teams and our broader supply chain enabled us to grow fourth-quarter revenue in excess of 25% in each major geographic region. We converted this top-line performance into increased operating income and EPS." Angle continued, "Maintaining a clean home has taken on increasing importance while the pandemic forces people to stay at home. It is gratifying to see that our efforts to differentiate our floor cleaning robots with innovative features and functionality that support the fluid lifestyles of their owners are resonating in the marketplace. To that end, we generated significant growth with our premium floor cleaning robots throughout the year. We were also pleased with the substantial expansion of our connected customer base, which grew over 80% in 2020." Angle concluded, "Our outlook for 2021 reflects our confidence that the growth drivers for our business will remain largely intact over the coming quarters. We believe that our success in continuing to drive solid top-line expansion in 2021 will also enable us to fund investment into key areas of our business and help mitigate the impact of tariffs on our 2021 profitability. As we move forward, we believe that our success in scaling Malaysia volumes, advancing key R&D initiatives and building stronger, more enduring relationships with millions of connected customers will further strengthen our business, enhance our ability to drive overall top-line growth and accelerate our profitability over the long term. As we continue to execute on our plans, we are excited about our prospects to sustain solid top-line growth into 2022 and convert that expansion into 2022 profit margins and EPS that exceed 2020 levels." Financial Performance Highlights Revenue for the fourth quarter of 2020 grew 28% to $544.8 million over $426.8 million for the fourth quarter of 2019. Full-year 2020 revenue was $1,430.4 million, an increase of 18% over $1,214.0 million in 2019. Fourth-quarter 2020 revenue growth was highlighted by 28% growth in the U.S. and 27% international growth. Growth outside of the U.S. was led by 39% expansion in Japan and a 26% increase in EMEA. Full-year 2020 revenue grew 23% in the U.S., 20% in Japan and 8% in EMEA. We estimate that iRobot's fourth-quarter 2020 revenue to support e-commerce, which spans the company's own website and app, dedicated e-commerce websites and the online arms of traditional retailers, grew by over 70% over the fourth quarter of 2019, and represented approximately 60% of fourth-quarter 2020 revenue. For the full year 2020, we estimate that revenue to support e-commerce grew approximately 55% and represented 60% of annual revenue. Direct-to-consumer revenue of $68 million in the fourth quarter of 2020 grew 117% from the prior year's fourth quarter. 2020 direct-to-consumer revenue of $151 million grew 114% over 2019. The company enjoyed strong growth in its premium robots for both the quarter and full year. Premium robot revenue grew 55% in the fourth quarter of 2020 and nearly 50% for the full year. Premium robots are defined as floor cleaning robots with an MSRP of $500 and higher (the Roomba i3+, 900 Series, i7 Series and s9 Series, and the Braava Jet m Series). Fourth-quarter 2020 GAAP operating income was $15.3 million, compared with $16.6 million in the fourth quarter of 2019. Fourth-quarter 2020 non-GAAP operating income was $30.4 million versus $27.0 million in the same period last year. Full-year 2020 GAAP operating income was $146.3 million, compared with $86.6 million for the full year 2019. For 2020, non-GAAP operating income was $149.7 million versus $125.8 million for the full year 2019. GAAP net income per share for the fourth quarter of 2020 was $0.46, compared with $0.70 per share in the fourth quarter of 2019. Non-GAAP net income per share was $0.84 for the fourth quarter of 2020, compared with $0.69 in the fourth quarter of 2019. GAAP net income per share for 2020 was $5.14, compared with $2.97 per share in 2019. Full-year non-GAAP 2020 net income per share was $4.14, compared with $3.62 for full-year 2019. iRobot's 2020 financial results were achieved over a 53-week period while the company's 2019 performance reflected a 52-week period. As of January 2, 2021, the company's cash, cash equivalents and short-term investments were $483.7 million, up from $357.3 million as of September 26, 2020, and $256.4 million as of December 28, 2019. Q420 and Recent Business Highlights In late January, iRobot announced the filing of a new patent infringement action against SharkNinja Operating LLC and its related entities at the International Trade Commission. iRobot introduced the Roomba i3 Series across the EMEA region in January 2021. The company launched its Root rt1 coding robot in Japan in January 2021. The company surpassed the 35 million robots sold milestone. During the fourth quarter of 2020, iRobot launched the Roomba Combo, a new floor cleaning robot that combines vacuuming and mopping at an affordable price, in certain European countries. During the fourth quarter of 2020, iRobot commenced small-scale pilots for new commercial services. The company made substantial progress in expanding its community of engaged, connected customers who have opted-in to its digital communications. At the end of 2020, iRobot supported approximately 9.7 million connected customers, an increase of over 80% since the end of 2019. Roomba and Braava earned numerous accolades during the fourth quarter as best consumer robotic floor cleaning products, including citations and awards in The Wall Street Journal, Reviewed.com, Tech Hive, Homes and Gardens, Which?, El Pais, Kaden Hihyo and MONOQLO. Financial Expectations iRobot is providing GAAP and non-GAAP financial expectations for the fiscal year endingJanuary 1, 2022. A detailed reconciliation between the company's GAAP and non-GAAP expectations is included in the attached financial tables. Fiscal Year 2021: Metric GAAP Adjustments Non-GAAP Revenue $1.635 - $1.675 billion $1.635 - $1.675 billion Gross Profit $662 - $692 million ~$3 million $665 - $695 million Operating Income $69 - $79 million ~$41 million $110 - $120 million Earnings Per Share $1.85 - $2.10 ~$1.15 $3.00 - $3.25 Fourth-Quarter and Full-Year 2020 Results Conference Call iRobot will host a conference call tomorrow at 8:30 a.m. ET to discuss its fourth-quarter and full-year 2020 financial results, major business developments and its outlook for fiscal year 2021 financial performance. Pertinent conference call details include: Date: Thursday, February 11 Time: 8:30 a.m. ET Call-In Number: 213-358-0894 Conference ID: 8336358 A live webcast of the conference call, along with the conference call prepared remarks, will be accessible on the event section of the company's website at https://investor.irobot.com/events/event-details/q4-2020-irobot-corp-financial-results-conference-call. An archived version of the broadcast will be available on the same website shortly after the conclusion of the live event. A replay of the telephone conference call will be available through February 18, and can be accessed by dialing 404-537-3406, passcode 8336358. About iRobot Corp. iRobot, the leading global consumer robot company, designs and builds robots that empower people to do more both inside and outside of the home. iRobot created the home robot cleaning category with the introduction of its Roomba Robot Vacuum in 2002. Today, iRobot is a global enterprise that has sold more than 30 million robots worldwide. iRobot's product line, including the Roomba and the Braava family of mopping robots, feature proprietary technologies and advanced concepts in cleaning, mapping and navigation. iRobot engineers are building an ecosystem of robots and technologies to enable the smart home. For more information about iRobot, please visit www.irobot.com. For iRobot Investors Certain statements made in this press release that are not based on historical information are forward-looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This press release contains express or implied forward-looking statements relating to, among other things, iRobot Corp.'s expectations regarding: future financial performance, including revenue growth in 2021 and 2022, increased incremental costs in 2021, and profit margin expansion and EPS growth in 2022; the impact of tariffs; the impact of our supply chain and R&D initiatives; and anticipated revenue, gross profit, operating income and earnings per share for the fiscal year ending January 1, 2022. These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. In particular, the risks and uncertainties include, among other things: our ability to operate in an emerging market; the financial strength of our customers and retailers; the impact of tariffs on goods imported into the United States; general economic conditions; market acceptance of and adoption of our products; and competition. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. iRobot Corp. undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For additional disclosure regarding these and other risks faced by iRobot Corp., see the disclosure contained in our public filings with the Securities and Exchange Commission. iRobot Corporation Consolidated Statements of Income (in thousands, except per share amounts) (unaudited) For the three months ended For the twelve months ended January 2, 2021 December 28, 2019 January 2, 2021 December 28, 2019 Revenue $ 544,827 $ 426,778 $ 1,430,390 $ 1,214,010 Cost of revenue: Cost of product revenue 329,181 254,970 758,241 658,362 Amortization of acquired intangible assets 225 2,438 1,920 11,721 Total cost of revenue 329,406 257,408 760,161 670,083 Gross profit 215,421 169,370 670,229 543,927 Operating expenses: Research and development 44,741 37,287 156,670 141,607 Selling and marketing 129,331 94,046 265,475 231,548 General and administrative 25,851 21,232 100,770 83,103 Amortization of acquired intangible assets 228 255 992 1,051 Total operating expenses 200,151 152,820 523,907 457,309 Operating income 15,270 16,550 146,322 86,618 Other (expense) income, net (244) 8,502 41,593 12,215 Income before income taxes 15,026 25,052 187,915 98,833 Income tax expense 1,691 5,011 40,847 13,533 Net income $ 13,335 $ 20,041 $ 147,068 $ 85,300 Net income per share: Basic $ 0.47 $ 0.71 $ 5.23 $ 3.04 Diluted $ 0.46 $ 0.70 $ 5.14 $ 2.97 Number of shares used in per share calculations: Basic 28,148 28,300 28,101 28,097 Diluted 28,763 28,563 28,618 28,735 Stock-based compensation included in above figures: Cost of revenue $ 362 $ 366 $ 1,511 $ 1,486 Research and development 3,154 2,557 10,655 9,186 Selling and marketing 1,101 857 3,700 3,323 General and administrative 4,454 1,221 14,109 9,749 Total $ 9,071 $ 5,001 $ 29,975 $ 23,744 iRobot Corporation Condensed Consolidated Balance Sheets (unaudited, in thousands) January 2, 2021 December 28, 2019 Assets Cash and cash equivalents $ 432,635 $ 239,392 Short term investments 51,081 17,032 Accounts receivable, net 170,526 146,161 Inventory 181,756 157,347 Other current assets 45,223 34,285 Total current assets 881,221 594,217 Property and equipment, net 76,584 75,988 Operating lease right-of-use assets 43,682 47,478 Deferred tax assets 33,404 41,791 Goodwill 125,872 118,732 Intangible assets, net 9,902 12,352 Other assets 19,063 30,195 Total assets $ 1,189,728 $ 920,753 Liabilities and stockholders' equity Accounts payable $ 165,779 $ 116,185 Accrued expenses 131,388 81,768 Deferred revenue and customer advances 10,400 4,549 Total current liabilities 307,567 202,502 Operating lease liabilities 50,485 54,928 Deferred tax liabilities 705 912 Other long-term liabilities 26,537 10,342 Total long-term liabilities 77,727 66,182 Total liabilities 385,294 268,684 Stockholders' equity 804,434 652,069 Total liabilities and stockholders' equity $ 1,189,728 $ 920,753 iRobot Corporation Consolidated Statements of Cash Flows (unaudited, in thousands) For the twelve months ended January 2, 2021 December 28, 2019 Cash flows from operating activities: Net income $ 147,068 $ 85,300 Adjustments to reconcile net income to net cash provided by operating activities, net of the effects of acquisition: Depreciation and amortization 34,762 37,159 Gain on equity investment (43,817) (8,439) Stock-based compensation 29,975 23,744 Deferred income taxes, net 13,837 (11,118) Other 6,467 7,267 Changes in operating assets and liabilities (use) source Accounts receivable (21,893) 13,064 Inventory (24,535) 7,307 Other assets (15,804) (3,310) Accounts payable 48,699 (20,536) Accrued expenses and other liabilities 57,289 (386) Net cash provided by operating activities 232,048 130,052 Cash flows from investing activities: Additions of property and equipment (31,599) (35,337) Change in other assets (4,150) (5,436) Proceeds from sale of equity investment - 9,787 Cash paid for business acquisition, net of cash acquired - (2,817) Sales and maturities of investments 13,500 12,880 Net cash used in investing activities (22,249) (20,923) Cash flows from financing activities: Proceeds from employee stock plans 5,584 7,147 Income tax withholding payment associated with restricted stock vesting (1,845) (7,277) Stock repurchases (25,000) - Net cash used in financing activities (21,261) (130) Effect of exchange rate changes on cash and cash equivalents 4,705 20 Net increase in cash and cash equivalents 193,243 109,019 Cash and cash equivalents, at beginning of period 239,392 130,373 Cash and cash equivalents, at end of period $ 432,635 $ 239,392 iRobot Corporation Supplemental Information (unaudited) For the three months ended For the twelve months ended January 2, 2021 December 28, 2019 January 2, 2021 December 28, 2019 Revenue by Geography: * Domestic $ 316,259 $ 247,152 $ 744,648 $ 603,618 International 228,568 179,626 685,742 610,392 Total $ 544,827 $ 426,778 $ 1,430,390 $ 1,214,010 Units Shipped * Vacuum 1,952 1,730 4,859 4,403 Mopping 241 179 635 586 Total 2,193 1,909 5,494 4,989 Revenue by Product Category ** Vacuum*** $ 484 $ 388 $ 1,274 $ 1,103 Mopping*** 61 39 157 111 Total $ 545 $ 427 $ 1,430 $ 1,214 Average gross selling prices for robot units $ 327 $ 317 $ 318 $ 310 Section 301 tariff costs * $ - $ 21,896 $ - $ 37,862 Section 301 tariff impact on gross and operating margin - % (5.1)% - % (3.1)% Headcount 1,209 1,128 * in thousands ** in millions *** includes accessory revenue Certain numbers may not total due to rounding iRobot Corporation Explanation of Non-GAAP Measures In addition to disclosing financial results in accordance with U.S. GAAP, this earnings release contains references to the non-GAAP financial measures described below. We use non-GAAP measures to internally evaluate and analyze financial results. We believe these non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance, and enable comparison of our financial results with other public companies, many of which present similar non-GAAP financial measures. Our non-GAAP financial measures reflect adjustments based on the following items. These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations from these results should be carefully evaluated. Amortization of acquired intangible assets: Amortization of acquired intangible assets consists of amortization of intangible assets including completed technology, customer relationships, and reacquired distribution rights acquired in connection with business combinations. Amortization charges for our acquisition-related intangible assets are inconsistent in size and are significantly impacted by the timing and valuation of our acquisitions. We exclude these charges from our non-GAAP measures to facilitate an evaluation of our current operating performance and comparisons to our past operating performance. Tariff Refunds: iRobot was granted a Section 301 List 3 Tariff Exclusion in April 2020, which temporarily eliminates tariffs on the Company's products imported from China until December 31, 2020 and entitles the Company to a refund of all related tariffs previously paid since September 2018. We exclude the refunds for tariffs paid in 2018 and 2019 from our 2020 second-quarter and year-to-date non-GAAP measures because those tariff refunds associated with tariff costs incurred in the past have no impact to our current period earnings. Net Merger, Acquisition and Divestiture (Income) Expense: Net merger, acquisition and divestiture (income) expense primarily consists of transaction fees, professional fees, and transition and integration costs directly associated with mergers, acquisitions and divestitures. It also includes business combination adjustments including adjustments after the measurement period has ended. The occurrence and amount of these costs will vary depending on the timing and size of these transactions. We exclude these charges from our non-GAAP measures to facilitate an evaluation of our current operating performance and comparisons to our past operating performance. Stock-Based Compensation: Stock-based compensation is a non-cash charge relating to stock-based awards. We exclude this expense as it is a non-cash expense, and we assess our internal operations excluding this expense and believe it facilitates comparisons to the performance of other companies. IP Litigation Expense, Net: IP litigation expense, net relates to legal costs incurred to litigate patent, trademark, copyright and false advertising infringements, or to oppose or defend against interparty actions related to intellectual property. Any settlement payment or proceeds resulting from these infringements are included or netted against the costs. We exclude these costs from our non-GAAP measures as we do not believe these costs have a direct correlation to the operations of our business and may vary in size depending on the timing and results of such litigations and settlements. Gain/Loss on Strategic Investments:Gain/loss on strategic investments includes fair value adjustments, realized gains and losses on the sales of these investments and losses on the impairment of these investments. We exclude these items from our non-GAAP measures because we do not believe they correlate to the performance of our core business and may vary in size based on market conditions and events. We believe that the exclusion of these gains or losses provides investors with a supplemental view of our operational performance. Restructuring and Other: Restructuring charges are related to one-time actions associated with workforce reductions, including severance costs, certain professional fees and other costs directly associated with resource realignments tied to strategic initiatives or changes in business conditions. We exclude this item from our non-GAAP measures when evaluating our recent and prospective business performance as such items vary significantly based on the magnitude of the action and do not reflect anticipated future operating costs. In addition, these charges do not necessarily provide meaningful insight into the fundamentals of current or past operations of our business. Income tax adjustments:Income tax adjustments include the tax effect of the non-GAAP adjustments, calculated using the appropriate statutory tax rate for each adjustment. We reassess the need for any valuation allowance recorded based on the non-GAAP profitability and have eliminated the effect of the valuation allowance recorded in the U.S. jurisdiction. We also exclude certain tax items that are not reflective of income tax expense incurred as a result of current period earnings. These certain tax items include, among other non-recurring tax items, impacts from the Tax Cuts and Jobs Act of 2017 and stock-based compensation windfalls/shortfalls. We believe disclosure of the income tax provision before the effect of such tax items is important to permit investors' consistent earnings comparison between periods. iRobot Corporation Supplemental Reconciliation of GAAP Actuals to Non-GAAP Actuals (in thousands, except per share amounts) (unaudited) For the three months ended For the twelve months ended January 2, 2021 December 28, 2019 January 2, 2021 December 28, 2019 GAAP Revenue $ 544,827 $ 426,778 $ 1,430,390 $ 1,214,010 GAAP Gross Profit $ 215,421 $ 169,370 $ 670,229 $ 543,927 Amortization of acquired intangible assets 225 2,438 1,920 11,721 Stock-based compensation 362 366 1,511 1,486 Tariff refunds 3,531 - (36,486) - Non-GAAP Gross Profit $ 219,539 $ 172,174 $ 637,174 $ 557,134 Non-GAAP Gross Margin 40.3% 40.3% 44.5% 45.9% GAAP Operating Expenses $ 200,151 $ 152,820 $ 523,907 $ 457,309 Amortization of acquired intangible assets (228) (255) (992) (1,051) Stock-based compensation (8,709) (4,635) (28,464) (22,258) Net merger, acquisition and divestiture (expense) income - (138) 566 (466) IP litigation expense, net (2,084) (2,582) (5,444) (2,218) Restructuring and other (10) - (2,073) - Non-GAAP Operating Expenses $ 189,120 $ 145,210 $ 487,500 $ 431,316 Non-GAAP Operating Expenses as a % of Non-GAAP Revenue 34.7% 34.0% 34.1% 35.5% GAAP Operating Income $ 15,270 $ 16,550 $ 146,322 $ 86,618 Amortization of acquired intangible assets 453 2,693 2,912 12,772 Stock-based compensation 9,071 5,001 29,975 23,744 Tariff refunds 3,531 - (36,486) - Net merger, acquisition and divestiture expense (income) - 138 (566) 466 IP litigation expense, net 2,084 2,582 5,444 2,218 Restructuring and other 10 - 2,073 - Non-GAAP Operating Income $ 30,419 $ 26,964 $ 149,674 $ 125,818 Non-GAAP Operating Margin 5.6% 6.3% 10.5% 10.4% GAAP Income Tax Expense $ 1,691 $ 5,011 $ 40,847 $ 13,533 Tax effect of non-GAAP adjustments 3,826 1,159 (12,016) 4,648 Other tax adjustments 253 1,267 (635) 6,928 Non-GAAP Income Tax Expense $ 5,770 $ 7,437 $ 28,196 $ 25,109 GAAP Net Income $ 13,335 $ 20,041 $ 147,068 $ 85,300 Amortization of acquired intangible assets 453 2,693 2,912 12,772 Stock-based compensation 9,071 5,001 29,975 23,744 Tariff refunds 3,531 - (36,486) - Net merger, acquisition and divestiture expense (income) - 138 (1,241) 466 IP litigation expense, net 2,084 2,582 5,444 2,218 Restructuring and other 10 - 2,073 - Gain on strategic investments (250) (8,332) (43,817) (8,904) Income tax effect (4,079) (2,426) 12,651 (11,576) Non-GAAP Net Income $ 24,155 $ 19,697 $ 118,579 $ 104,020 GAAP Net Income Per Diluted Share $ 0.46 $ 0.70 $ 5.14 $ 2.97 Amortization of acquired intangible assets 0.02 0.09 0.10 0.44 Stock-based compensation 0.32 0.18 1.05 0.83 Tariff refunds 0.12 - (1.28) - Net merger, acquisition and divestiture expense (income) - - (0.04) 0.01 IP litigation expense, net 0.07 0.09 0.19 0.08 Restructuring and other - - 0.07 - Gain on strategic investments (0.01) (0.29) (1.53) (0.31) Income tax effect (0.14) (0.08) 0.44 (0.40) Non-GAAP Net Income Per Diluted Share $ 0.84 $ 0.69 $ 4.14 $ 3.62 Number of shares used in diluted per share calculation 28,763 28,563 28,618 28,735 Section 301 Tariff Costs Section 301 tariff costs $ - $ 21,896 $ - $ 37,862 Impact of Section 301 tariff costs to gross and operating margin (GAAP & non-GAAP) - % (5.1)% - % (3.1)% Impact of Section 301 tariff costs to net (loss) income per diluted share (GAAP & non-GAAP) $ - $ (0.77) $ - $ (1.32) Supplemental Information Days sales outstanding 31 31 Days in inventory 55 56 iRobot Corporation Supplemental Reconciliation of Fiscal Year 2021 GAAP to Non-GAAP Guidance (unaudited) FY-21 GAAP Gross Profit $662 - $692 million Amortization of acquired intangible assets ~$1 million Stock-based compensation ~$2 million Total adjustments ~$3 million Non-GAAP Gross Profit $665 - $695 million FY-21 GAAP Operating Income $69 - $79 million Amortization of acquired intangible assets ~$1 million Stock-based compensation ~$32 million IP litigation expense, net ~$8 million Total adjustments ~$41 million Non-GAAP Operating Income $110 - $120 million FY-21 GAAP Net Income Per Diluted Share $1.85 - $2.10 Amortization of acquired intangible assets ~$0.03 Stock-based compensation ~$1.10 IP litigation expense, net ~ $0.27 Income tax effect ~($0.25) Total adjustments ~$1.15 Non-GAAP Net Income Per Diluted Share $3.00 - $3.25 Number of shares used in diluted per share calculations ~29.1 million SOURCE iRobot Corporation Related Links http://www.irobot.com Answer:
iRobot Reports Fourth-Quarter and Full-Year 2020 Financial Results 28% Revenue Growth Drives Better-than-Expected Operating Income and EPS
BEDFORD, Mass., Feb. 10, 2021 /PRNewswire/ --iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced its financial results for the fourth quarter and full year ended January 2, 2021. "iRobot delivered a strong finish to 2020 with revenue, operating income and EPS that surpassed the plans that we outlined at the end of October," said Colin Angle, chairman and chief executive officer of iRobot. "Solid demand combined with excellent collaboration and execution among our sales, marketing and operations teams and our broader supply chain enabled us to grow fourth-quarter revenue in excess of 25% in each major geographic region. We converted this top-line performance into increased operating income and EPS." Angle continued, "Maintaining a clean home has taken on increasing importance while the pandemic forces people to stay at home. It is gratifying to see that our efforts to differentiate our floor cleaning robots with innovative features and functionality that support the fluid lifestyles of their owners are resonating in the marketplace. To that end, we generated significant growth with our premium floor cleaning robots throughout the year. We were also pleased with the substantial expansion of our connected customer base, which grew over 80% in 2020." Angle concluded, "Our outlook for 2021 reflects our confidence that the growth drivers for our business will remain largely intact over the coming quarters. We believe that our success in continuing to drive solid top-line expansion in 2021 will also enable us to fund investment into key areas of our business and help mitigate the impact of tariffs on our 2021 profitability. As we move forward, we believe that our success in scaling Malaysia volumes, advancing key R&D initiatives and building stronger, more enduring relationships with millions of connected customers will further strengthen our business, enhance our ability to drive overall top-line growth and accelerate our profitability over the long term. As we continue to execute on our plans, we are excited about our prospects to sustain solid top-line growth into 2022 and convert that expansion into 2022 profit margins and EPS that exceed 2020 levels." Financial Performance Highlights Revenue for the fourth quarter of 2020 grew 28% to $544.8 million over $426.8 million for the fourth quarter of 2019. Full-year 2020 revenue was $1,430.4 million, an increase of 18% over $1,214.0 million in 2019. Fourth-quarter 2020 revenue growth was highlighted by 28% growth in the U.S. and 27% international growth. Growth outside of the U.S. was led by 39% expansion in Japan and a 26% increase in EMEA. Full-year 2020 revenue grew 23% in the U.S., 20% in Japan and 8% in EMEA. We estimate that iRobot's fourth-quarter 2020 revenue to support e-commerce, which spans the company's own website and app, dedicated e-commerce websites and the online arms of traditional retailers, grew by over 70% over the fourth quarter of 2019, and represented approximately 60% of fourth-quarter 2020 revenue. For the full year 2020, we estimate that revenue to support e-commerce grew approximately 55% and represented 60% of annual revenue. Direct-to-consumer revenue of $68 million in the fourth quarter of 2020 grew 117% from the prior year's fourth quarter. 2020 direct-to-consumer revenue of $151 million grew 114% over 2019. The company enjoyed strong growth in its premium robots for both the quarter and full year. Premium robot revenue grew 55% in the fourth quarter of 2020 and nearly 50% for the full year. Premium robots are defined as floor cleaning robots with an MSRP of $500 and higher (the Roomba i3+, 900 Series, i7 Series and s9 Series, and the Braava Jet m Series). Fourth-quarter 2020 GAAP operating income was $15.3 million, compared with $16.6 million in the fourth quarter of 2019. Fourth-quarter 2020 non-GAAP operating income was $30.4 million versus $27.0 million in the same period last year. Full-year 2020 GAAP operating income was $146.3 million, compared with $86.6 million for the full year 2019. For 2020, non-GAAP operating income was $149.7 million versus $125.8 million for the full year 2019. GAAP net income per share for the fourth quarter of 2020 was $0.46, compared with $0.70 per share in the fourth quarter of 2019. Non-GAAP net income per share was $0.84 for the fourth quarter of 2020, compared with $0.69 in the fourth quarter of 2019. GAAP net income per share for 2020 was $5.14, compared with $2.97 per share in 2019. Full-year non-GAAP 2020 net income per share was $4.14, compared with $3.62 for full-year 2019. iRobot's 2020 financial results were achieved over a 53-week period while the company's 2019 performance reflected a 52-week period. As of January 2, 2021, the company's cash, cash equivalents and short-term investments were $483.7 million, up from $357.3 million as of September 26, 2020, and $256.4 million as of December 28, 2019. Q420 and Recent Business Highlights In late January, iRobot announced the filing of a new patent infringement action against SharkNinja Operating LLC and its related entities at the International Trade Commission. iRobot introduced the Roomba i3 Series across the EMEA region in January 2021. The company launched its Root rt1 coding robot in Japan in January 2021. The company surpassed the 35 million robots sold milestone. During the fourth quarter of 2020, iRobot launched the Roomba Combo, a new floor cleaning robot that combines vacuuming and mopping at an affordable price, in certain European countries. During the fourth quarter of 2020, iRobot commenced small-scale pilots for new commercial services. The company made substantial progress in expanding its community of engaged, connected customers who have opted-in to its digital communications. At the end of 2020, iRobot supported approximately 9.7 million connected customers, an increase of over 80% since the end of 2019. Roomba and Braava earned numerous accolades during the fourth quarter as best consumer robotic floor cleaning products, including citations and awards in The Wall Street Journal, Reviewed.com, Tech Hive, Homes and Gardens, Which?, El Pais, Kaden Hihyo and MONOQLO. Financial Expectations iRobot is providing GAAP and non-GAAP financial expectations for the fiscal year endingJanuary 1, 2022. A detailed reconciliation between the company's GAAP and non-GAAP expectations is included in the attached financial tables. Fiscal Year 2021: Metric GAAP Adjustments Non-GAAP Revenue $1.635 - $1.675 billion $1.635 - $1.675 billion Gross Profit $662 - $692 million ~$3 million $665 - $695 million Operating Income $69 - $79 million ~$41 million $110 - $120 million Earnings Per Share $1.85 - $2.10 ~$1.15 $3.00 - $3.25 Fourth-Quarter and Full-Year 2020 Results Conference Call iRobot will host a conference call tomorrow at 8:30 a.m. ET to discuss its fourth-quarter and full-year 2020 financial results, major business developments and its outlook for fiscal year 2021 financial performance. Pertinent conference call details include: Date: Thursday, February 11 Time: 8:30 a.m. ET Call-In Number: 213-358-0894 Conference ID: 8336358 A live webcast of the conference call, along with the conference call prepared remarks, will be accessible on the event section of the company's website at https://investor.irobot.com/events/event-details/q4-2020-irobot-corp-financial-results-conference-call. An archived version of the broadcast will be available on the same website shortly after the conclusion of the live event. A replay of the telephone conference call will be available through February 18, and can be accessed by dialing 404-537-3406, passcode 8336358. About iRobot Corp. iRobot, the leading global consumer robot company, designs and builds robots that empower people to do more both inside and outside of the home. iRobot created the home robot cleaning category with the introduction of its Roomba Robot Vacuum in 2002. Today, iRobot is a global enterprise that has sold more than 30 million robots worldwide. iRobot's product line, including the Roomba and the Braava family of mopping robots, feature proprietary technologies and advanced concepts in cleaning, mapping and navigation. iRobot engineers are building an ecosystem of robots and technologies to enable the smart home. For more information about iRobot, please visit www.irobot.com. For iRobot Investors Certain statements made in this press release that are not based on historical information are forward-looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This press release contains express or implied forward-looking statements relating to, among other things, iRobot Corp.'s expectations regarding: future financial performance, including revenue growth in 2021 and 2022, increased incremental costs in 2021, and profit margin expansion and EPS growth in 2022; the impact of tariffs; the impact of our supply chain and R&D initiatives; and anticipated revenue, gross profit, operating income and earnings per share for the fiscal year ending January 1, 2022. These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. In particular, the risks and uncertainties include, among other things: our ability to operate in an emerging market; the financial strength of our customers and retailers; the impact of tariffs on goods imported into the United States; general economic conditions; market acceptance of and adoption of our products; and competition. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. iRobot Corp. undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For additional disclosure regarding these and other risks faced by iRobot Corp., see the disclosure contained in our public filings with the Securities and Exchange Commission. iRobot Corporation Consolidated Statements of Income (in thousands, except per share amounts) (unaudited) For the three months ended For the twelve months ended January 2, 2021 December 28, 2019 January 2, 2021 December 28, 2019 Revenue $ 544,827 $ 426,778 $ 1,430,390 $ 1,214,010 Cost of revenue: Cost of product revenue 329,181 254,970 758,241 658,362 Amortization of acquired intangible assets 225 2,438 1,920 11,721 Total cost of revenue 329,406 257,408 760,161 670,083 Gross profit 215,421 169,370 670,229 543,927 Operating expenses: Research and development 44,741 37,287 156,670 141,607 Selling and marketing 129,331 94,046 265,475 231,548 General and administrative 25,851 21,232 100,770 83,103 Amortization of acquired intangible assets 228 255 992 1,051 Total operating expenses 200,151 152,820 523,907 457,309 Operating income 15,270 16,550 146,322 86,618 Other (expense) income, net (244) 8,502 41,593 12,215 Income before income taxes 15,026 25,052 187,915 98,833 Income tax expense 1,691 5,011 40,847 13,533 Net income $ 13,335 $ 20,041 $ 147,068 $ 85,300 Net income per share: Basic $ 0.47 $ 0.71 $ 5.23 $ 3.04 Diluted $ 0.46 $ 0.70 $ 5.14 $ 2.97 Number of shares used in per share calculations: Basic 28,148 28,300 28,101 28,097 Diluted 28,763 28,563 28,618 28,735 Stock-based compensation included in above figures: Cost of revenue $ 362 $ 366 $ 1,511 $ 1,486 Research and development 3,154 2,557 10,655 9,186 Selling and marketing 1,101 857 3,700 3,323 General and administrative 4,454 1,221 14,109 9,749 Total $ 9,071 $ 5,001 $ 29,975 $ 23,744 iRobot Corporation Condensed Consolidated Balance Sheets (unaudited, in thousands) January 2, 2021 December 28, 2019 Assets Cash and cash equivalents $ 432,635 $ 239,392 Short term investments 51,081 17,032 Accounts receivable, net 170,526 146,161 Inventory 181,756 157,347 Other current assets 45,223 34,285 Total current assets 881,221 594,217 Property and equipment, net 76,584 75,988 Operating lease right-of-use assets 43,682 47,478 Deferred tax assets 33,404 41,791 Goodwill 125,872 118,732 Intangible assets, net 9,902 12,352 Other assets 19,063 30,195 Total assets $ 1,189,728 $ 920,753 Liabilities and stockholders' equity Accounts payable $ 165,779 $ 116,185 Accrued expenses 131,388 81,768 Deferred revenue and customer advances 10,400 4,549 Total current liabilities 307,567 202,502 Operating lease liabilities 50,485 54,928 Deferred tax liabilities 705 912 Other long-term liabilities 26,537 10,342 Total long-term liabilities 77,727 66,182 Total liabilities 385,294 268,684 Stockholders' equity 804,434 652,069 Total liabilities and stockholders' equity $ 1,189,728 $ 920,753 iRobot Corporation Consolidated Statements of Cash Flows (unaudited, in thousands) For the twelve months ended January 2, 2021 December 28, 2019 Cash flows from operating activities: Net income $ 147,068 $ 85,300 Adjustments to reconcile net income to net cash provided by operating activities, net of the effects of acquisition: Depreciation and amortization 34,762 37,159 Gain on equity investment (43,817) (8,439) Stock-based compensation 29,975 23,744 Deferred income taxes, net 13,837 (11,118) Other 6,467 7,267 Changes in operating assets and liabilities (use) source Accounts receivable (21,893) 13,064 Inventory (24,535) 7,307 Other assets (15,804) (3,310) Accounts payable 48,699 (20,536) Accrued expenses and other liabilities 57,289 (386) Net cash provided by operating activities 232,048 130,052 Cash flows from investing activities: Additions of property and equipment (31,599) (35,337) Change in other assets (4,150) (5,436) Proceeds from sale of equity investment - 9,787 Cash paid for business acquisition, net of cash acquired - (2,817) Sales and maturities of investments 13,500 12,880 Net cash used in investing activities (22,249) (20,923) Cash flows from financing activities: Proceeds from employee stock plans 5,584 7,147 Income tax withholding payment associated with restricted stock vesting (1,845) (7,277) Stock repurchases (25,000) - Net cash used in financing activities (21,261) (130) Effect of exchange rate changes on cash and cash equivalents 4,705 20 Net increase in cash and cash equivalents 193,243 109,019 Cash and cash equivalents, at beginning of period 239,392 130,373 Cash and cash equivalents, at end of period $ 432,635 $ 239,392 iRobot Corporation Supplemental Information (unaudited) For the three months ended For the twelve months ended January 2, 2021 December 28, 2019 January 2, 2021 December 28, 2019 Revenue by Geography: * Domestic $ 316,259 $ 247,152 $ 744,648 $ 603,618 International 228,568 179,626 685,742 610,392 Total $ 544,827 $ 426,778 $ 1,430,390 $ 1,214,010 Units Shipped * Vacuum 1,952 1,730 4,859 4,403 Mopping 241 179 635 586 Total 2,193 1,909 5,494 4,989 Revenue by Product Category ** Vacuum*** $ 484 $ 388 $ 1,274 $ 1,103 Mopping*** 61 39 157 111 Total $ 545 $ 427 $ 1,430 $ 1,214 Average gross selling prices for robot units $ 327 $ 317 $ 318 $ 310 Section 301 tariff costs * $ - $ 21,896 $ - $ 37,862 Section 301 tariff impact on gross and operating margin - % (5.1)% - % (3.1)% Headcount 1,209 1,128 * in thousands ** in millions *** includes accessory revenue Certain numbers may not total due to rounding iRobot Corporation Explanation of Non-GAAP Measures In addition to disclosing financial results in accordance with U.S. GAAP, this earnings release contains references to the non-GAAP financial measures described below. We use non-GAAP measures to internally evaluate and analyze financial results. We believe these non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance, and enable comparison of our financial results with other public companies, many of which present similar non-GAAP financial measures. Our non-GAAP financial measures reflect adjustments based on the following items. These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations from these results should be carefully evaluated. Amortization of acquired intangible assets: Amortization of acquired intangible assets consists of amortization of intangible assets including completed technology, customer relationships, and reacquired distribution rights acquired in connection with business combinations. Amortization charges for our acquisition-related intangible assets are inconsistent in size and are significantly impacted by the timing and valuation of our acquisitions. We exclude these charges from our non-GAAP measures to facilitate an evaluation of our current operating performance and comparisons to our past operating performance. Tariff Refunds: iRobot was granted a Section 301 List 3 Tariff Exclusion in April 2020, which temporarily eliminates tariffs on the Company's products imported from China until December 31, 2020 and entitles the Company to a refund of all related tariffs previously paid since September 2018. We exclude the refunds for tariffs paid in 2018 and 2019 from our 2020 second-quarter and year-to-date non-GAAP measures because those tariff refunds associated with tariff costs incurred in the past have no impact to our current period earnings. Net Merger, Acquisition and Divestiture (Income) Expense: Net merger, acquisition and divestiture (income) expense primarily consists of transaction fees, professional fees, and transition and integration costs directly associated with mergers, acquisitions and divestitures. It also includes business combination adjustments including adjustments after the measurement period has ended. The occurrence and amount of these costs will vary depending on the timing and size of these transactions. We exclude these charges from our non-GAAP measures to facilitate an evaluation of our current operating performance and comparisons to our past operating performance. Stock-Based Compensation: Stock-based compensation is a non-cash charge relating to stock-based awards. We exclude this expense as it is a non-cash expense, and we assess our internal operations excluding this expense and believe it facilitates comparisons to the performance of other companies. IP Litigation Expense, Net: IP litigation expense, net relates to legal costs incurred to litigate patent, trademark, copyright and false advertising infringements, or to oppose or defend against interparty actions related to intellectual property. Any settlement payment or proceeds resulting from these infringements are included or netted against the costs. We exclude these costs from our non-GAAP measures as we do not believe these costs have a direct correlation to the operations of our business and may vary in size depending on the timing and results of such litigations and settlements. Gain/Loss on Strategic Investments:Gain/loss on strategic investments includes fair value adjustments, realized gains and losses on the sales of these investments and losses on the impairment of these investments. We exclude these items from our non-GAAP measures because we do not believe they correlate to the performance of our core business and may vary in size based on market conditions and events. We believe that the exclusion of these gains or losses provides investors with a supplemental view of our operational performance. Restructuring and Other: Restructuring charges are related to one-time actions associated with workforce reductions, including severance costs, certain professional fees and other costs directly associated with resource realignments tied to strategic initiatives or changes in business conditions. We exclude this item from our non-GAAP measures when evaluating our recent and prospective business performance as such items vary significantly based on the magnitude of the action and do not reflect anticipated future operating costs. In addition, these charges do not necessarily provide meaningful insight into the fundamentals of current or past operations of our business. Income tax adjustments:Income tax adjustments include the tax effect of the non-GAAP adjustments, calculated using the appropriate statutory tax rate for each adjustment. We reassess the need for any valuation allowance recorded based on the non-GAAP profitability and have eliminated the effect of the valuation allowance recorded in the U.S. jurisdiction. We also exclude certain tax items that are not reflective of income tax expense incurred as a result of current period earnings. These certain tax items include, among other non-recurring tax items, impacts from the Tax Cuts and Jobs Act of 2017 and stock-based compensation windfalls/shortfalls. We believe disclosure of the income tax provision before the effect of such tax items is important to permit investors' consistent earnings comparison between periods. iRobot Corporation Supplemental Reconciliation of GAAP Actuals to Non-GAAP Actuals (in thousands, except per share amounts) (unaudited) For the three months ended For the twelve months ended January 2, 2021 December 28, 2019 January 2, 2021 December 28, 2019 GAAP Revenue $ 544,827 $ 426,778 $ 1,430,390 $ 1,214,010 GAAP Gross Profit $ 215,421 $ 169,370 $ 670,229 $ 543,927 Amortization of acquired intangible assets 225 2,438 1,920 11,721 Stock-based compensation 362 366 1,511 1,486 Tariff refunds 3,531 - (36,486) - Non-GAAP Gross Profit $ 219,539 $ 172,174 $ 637,174 $ 557,134 Non-GAAP Gross Margin 40.3% 40.3% 44.5% 45.9% GAAP Operating Expenses $ 200,151 $ 152,820 $ 523,907 $ 457,309 Amortization of acquired intangible assets (228) (255) (992) (1,051) Stock-based compensation (8,709) (4,635) (28,464) (22,258) Net merger, acquisition and divestiture (expense) income - (138) 566 (466) IP litigation expense, net (2,084) (2,582) (5,444) (2,218) Restructuring and other (10) - (2,073) - Non-GAAP Operating Expenses $ 189,120 $ 145,210 $ 487,500 $ 431,316 Non-GAAP Operating Expenses as a % of Non-GAAP Revenue 34.7% 34.0% 34.1% 35.5% GAAP Operating Income $ 15,270 $ 16,550 $ 146,322 $ 86,618 Amortization of acquired intangible assets 453 2,693 2,912 12,772 Stock-based compensation 9,071 5,001 29,975 23,744 Tariff refunds 3,531 - (36,486) - Net merger, acquisition and divestiture expense (income) - 138 (566) 466 IP litigation expense, net 2,084 2,582 5,444 2,218 Restructuring and other 10 - 2,073 - Non-GAAP Operating Income $ 30,419 $ 26,964 $ 149,674 $ 125,818 Non-GAAP Operating Margin 5.6% 6.3% 10.5% 10.4% GAAP Income Tax Expense $ 1,691 $ 5,011 $ 40,847 $ 13,533 Tax effect of non-GAAP adjustments 3,826 1,159 (12,016) 4,648 Other tax adjustments 253 1,267 (635) 6,928 Non-GAAP Income Tax Expense $ 5,770 $ 7,437 $ 28,196 $ 25,109 GAAP Net Income $ 13,335 $ 20,041 $ 147,068 $ 85,300 Amortization of acquired intangible assets 453 2,693 2,912 12,772 Stock-based compensation 9,071 5,001 29,975 23,744 Tariff refunds 3,531 - (36,486) - Net merger, acquisition and divestiture expense (income) - 138 (1,241) 466 IP litigation expense, net 2,084 2,582 5,444 2,218 Restructuring and other 10 - 2,073 - Gain on strategic investments (250) (8,332) (43,817) (8,904) Income tax effect (4,079) (2,426) 12,651 (11,576) Non-GAAP Net Income $ 24,155 $ 19,697 $ 118,579 $ 104,020 GAAP Net Income Per Diluted Share $ 0.46 $ 0.70 $ 5.14 $ 2.97 Amortization of acquired intangible assets 0.02 0.09 0.10 0.44 Stock-based compensation 0.32 0.18 1.05 0.83 Tariff refunds 0.12 - (1.28) - Net merger, acquisition and divestiture expense (income) - - (0.04) 0.01 IP litigation expense, net 0.07 0.09 0.19 0.08 Restructuring and other - - 0.07 - Gain on strategic investments (0.01) (0.29) (1.53) (0.31) Income tax effect (0.14) (0.08) 0.44 (0.40) Non-GAAP Net Income Per Diluted Share $ 0.84 $ 0.69 $ 4.14 $ 3.62 Number of shares used in diluted per share calculation 28,763 28,563 28,618 28,735 Section 301 Tariff Costs Section 301 tariff costs $ - $ 21,896 $ - $ 37,862 Impact of Section 301 tariff costs to gross and operating margin (GAAP & non-GAAP) - % (5.1)% - % (3.1)% Impact of Section 301 tariff costs to net (loss) income per diluted share (GAAP & non-GAAP) $ - $ (0.77) $ - $ (1.32) Supplemental Information Days sales outstanding 31 31 Days in inventory 55 56 iRobot Corporation Supplemental Reconciliation of Fiscal Year 2021 GAAP to Non-GAAP Guidance (unaudited) FY-21 GAAP Gross Profit $662 - $692 million Amortization of acquired intangible assets ~$1 million Stock-based compensation ~$2 million Total adjustments ~$3 million Non-GAAP Gross Profit $665 - $695 million FY-21 GAAP Operating Income $69 - $79 million Amortization of acquired intangible assets ~$1 million Stock-based compensation ~$32 million IP litigation expense, net ~$8 million Total adjustments ~$41 million Non-GAAP Operating Income $110 - $120 million FY-21 GAAP Net Income Per Diluted Share $1.85 - $2.10 Amortization of acquired intangible assets ~$0.03 Stock-based compensation ~$1.10 IP litigation expense, net ~ $0.27 Income tax effect ~($0.25) Total adjustments ~$1.15 Non-GAAP Net Income Per Diluted Share $3.00 - $3.25 Number of shares used in diluted per share calculations ~29.1 million SOURCE iRobot Corporation Related Links http://www.irobot.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: RALEIGH, N.C., June 9, 2020 /PRNewswire/ --The American Foundation for Suicide Prevention(AFSP), the largest suicide prevention organization in the United States, applauds the North Carolina legislature and Governor Cooper for passing and signing Senate Bill 476 into law. This landmark legislation will ensure employees throughout the North Carolina school system are trained to recognize and respond when a young person indicates they are at risk of hurting themselves or may be struggling with other mental health issues. (PRNewsfoto/AFSP) In 2018, North Carolina lost 84 young people ages 10-19 to suicide, making it the 2nd leading cause of death for that age group. "Our educators and school staff need this training, now more than ever," said AFSP NC Chapter Board Co-Chair, Tiffany Hall, MSW, LCSW. "Several COVID-19 related issues, including social disconnection, anxiety, depression, loss, and grief, have known ways of worsening mental health and/or suicide risk for young people and adults alike. SB 476 will help create an environment within our schools where it is okay to have a real conversation about mental health and suicide." Sponsored by Senators Rick Horner, Jerry Tillman, and Deanna Ballard, and shepherded in the House of Representatives by Representative Craig Horn, SB 476 requires the NC State Board of Education to adopt a school-based mental health policy that includes a model mental health training program and suicide risk referral protocol for K-12 schools. Schools will be required to adopt a plan for promoting student mental health and well-being that includes, at a minimum, the models developed by the Board. Related mental health training will also be required annually for school employees.Youth suicide can be prevented through early detection of students who may be in crisis or struggling with their mental health and connecting those students to resources and treatment services.AFSP North Carolina Chapteradvocates are part of a larger national movement of AFSP volunteer advocates working with public officials across the United States in 2020 to bring best practices in suicide prevention to legislators and their staff. AFSP-NC thanks our partners at National Alliance on Mental Illness, North Carolina and Mental Health America of Central Carolinas for their continued advocacy and support of SB 476 over several legislative sessions. To learn more about AFSP's advocacy efforts, visit here: https://afsp.org/our-work/advocacy/.The American Foundation for Suicide Preventionis dedicated to saving lives and bringing hope to those affected by suicide. AFSP creates a culture that's smart about mental health through education and community programs, develops suicide prevention through research and advocacy, and provides support for those affected by suicide. Led by CEO Robert Gebbia and headquartered in New York, with a Public Policy Office in Washington, D.C. AFSP has local chapters in all 50 states and the District of Columbia with programs and events nationwide. Learn more about AFSP in its latest Annual Report, and join the conversation on suicide prevention by following AFSP on Facebook, Twitter, Instagram, and YouTube. SOURCE American Foundation for Suicide Prevention Related Links www.afsp.org Answer:
AFSP Applauds Passage of K-12 Suicide Prevention and Mental Health Legislation in NC
RALEIGH, N.C., June 9, 2020 /PRNewswire/ --The American Foundation for Suicide Prevention(AFSP), the largest suicide prevention organization in the United States, applauds the North Carolina legislature and Governor Cooper for passing and signing Senate Bill 476 into law. This landmark legislation will ensure employees throughout the North Carolina school system are trained to recognize and respond when a young person indicates they are at risk of hurting themselves or may be struggling with other mental health issues. (PRNewsfoto/AFSP) In 2018, North Carolina lost 84 young people ages 10-19 to suicide, making it the 2nd leading cause of death for that age group. "Our educators and school staff need this training, now more than ever," said AFSP NC Chapter Board Co-Chair, Tiffany Hall, MSW, LCSW. "Several COVID-19 related issues, including social disconnection, anxiety, depression, loss, and grief, have known ways of worsening mental health and/or suicide risk for young people and adults alike. SB 476 will help create an environment within our schools where it is okay to have a real conversation about mental health and suicide." Sponsored by Senators Rick Horner, Jerry Tillman, and Deanna Ballard, and shepherded in the House of Representatives by Representative Craig Horn, SB 476 requires the NC State Board of Education to adopt a school-based mental health policy that includes a model mental health training program and suicide risk referral protocol for K-12 schools. Schools will be required to adopt a plan for promoting student mental health and well-being that includes, at a minimum, the models developed by the Board. Related mental health training will also be required annually for school employees.Youth suicide can be prevented through early detection of students who may be in crisis or struggling with their mental health and connecting those students to resources and treatment services.AFSP North Carolina Chapteradvocates are part of a larger national movement of AFSP volunteer advocates working with public officials across the United States in 2020 to bring best practices in suicide prevention to legislators and their staff. AFSP-NC thanks our partners at National Alliance on Mental Illness, North Carolina and Mental Health America of Central Carolinas for their continued advocacy and support of SB 476 over several legislative sessions. To learn more about AFSP's advocacy efforts, visit here: https://afsp.org/our-work/advocacy/.The American Foundation for Suicide Preventionis dedicated to saving lives and bringing hope to those affected by suicide. AFSP creates a culture that's smart about mental health through education and community programs, develops suicide prevention through research and advocacy, and provides support for those affected by suicide. Led by CEO Robert Gebbia and headquartered in New York, with a Public Policy Office in Washington, D.C. AFSP has local chapters in all 50 states and the District of Columbia with programs and events nationwide. Learn more about AFSP in its latest Annual Report, and join the conversation on suicide prevention by following AFSP on Facebook, Twitter, Instagram, and YouTube. SOURCE American Foundation for Suicide Prevention Related Links www.afsp.org
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: SPRINGFIELD, Ill.--(BUSINESS WIRE)--Horace Mann Educators Corporation (NYSE:HMN) today reported financial results for the year ended December 31, 2020: Horace Mann Consolidated Financial Highlights Three Months Ended December 31, Twelve Months Ended December 31, ($ in millions, except per share amounts) 2020 2019 % Change 2020 2019 % Change Total revenues $ 352.3 $ 333.6 5.6 % $ 1,310.4 $ 1,439.0 -8.9 % Net income 47.8 33.0 44.8 % 133.3 184.4 -27.7 % Net investment gains (losses) after tax 8.4 1.3 N.M. (1.7 ) 120.2 N.M. Other expense - goodwill and intangible asset impairments, after tax (8.1 ) N.M. (8.1 ) (28.0 ) N.M. Core earnings* 47.5 31.7 49.8 % 143.1 92.2 55.2 % Per diluted share: Net income 1.13 0.78 44.9 % 3.17 4.40 -28.0 % Net investment gains (losses) after tax 0.19 0.03 N.M. (0.04 ) 2.87 N.M. Other expense - goodwill and intangible asset impairments, after tax (0.19 ) N.M. (0.19 ) (0.67 ) N.M. Core earnings per diluted share* 1.13 0.75 50.7 % 3.40 2.20 54.5 % Book value per share 43.22 38.01 13.7 % Book value per share excluding net unrealized investment gains on fixed maturity securities* 34.38 32.42 6.0 % N.M. - Not meaningful. * These measures are not based on accounting principles generally accepted in the United States of America (non-GAAP). They are reconciled to the most directly comparable GAAP measures in the Appendix to the Investor Supplement. An explanation of these measures is contained in the Glossary of Selected Terms included as an exhibit in the Companys reports filed with the Securities and Exchange Commission. Never has there been a clearer example of how vital educators are to our communities than 2020, said Horace Mann President and CEO Marita Zuraitis. We are deeply appreciative of the work educators are doing to educate and advocate for students while facing an overwhelming array of new challenges. At Horace Mann, helping educators address challenges is part of who we are, and we completed a number of initiatives this year to optimize our efforts for serving customers better in a remote environment. The events of 2020 serve as reinforcement of the importance of our mission for the past 75 years - to help deserving educators achieve lifelong financial success. Our 2020 results reflected the pandemics effect on policyholder behavior, such as changing driving patterns, that resulted in lower Auto loss frequency, Zuraitis said. But underneath those unusual trends, we are benefiting from a stronger foundation the result of our long-term strategic plan to improve our ability to serve educators by enhancing our product offerings, strengthening our distribution and modernizing our infrastructure, including the 2019 addition of our Supplemental segment and annuity reinsurance transaction to mitigate interest rate risk. While 2020 results clearly illustrate the strength of our profitability initiatives, the impact of a largely remote educator workforce in a pre-vaccine environment is temporarily slowing our top-line growth. More importantly, we are well positioned for post-vaccine growth due to the strategic work we completed in 2020, including full integration of Supplemental agents to allow them to reach more educators with more solutions. In 2021, we expect core EPS will be in the range of $3.00 to $3.20 as we make further progress toward our long-term objectives, Zuraitis concluded. Our outlook anticipates policyholder behavior gradually returning to historical patterns by the end of 2021, and a Property and Casualty catastrophe loss load almost two points higher than our previous years initial estimate. We expect all segments, particularly Retirement and Life, to benefit from the growing contribution to net investment income of our alternative investment portfolio. Our 2021 ROE target of 9% to 9.5% keeps us on the path to a sustainable, long-term double-digit ROE from our strategic actions. As expected, those actions contributed about one full point of the ROE improvement we saw in 2020. Property and Casualty Segment 2020 Combined Ratio at 92.7% Despite Higher Catastrophe Losses (All comparisons vs. same period in 2019, unless noted otherwise) Our Property and Casualty insurance segment primarily markets private passenger automobile insurance and residential home insurance. We offer standard automobile coverages, including liability, collision and comprehensive. Property coverage includes both homeowners and renters policies. For both automobile and property coverage, we offer educators a discounted rate and the Educator Advantage package of features. The Property and Casualty segment represented 53% of 2020 total revenues and contributed $76.5 million to core earnings. Three Months Ended December 31, Twelve Months Ended December 31, ($ in millions) 2020 2019 Change 2020 2019 Change Property and Casualty written premiums* $ 153.0 $ 164.6 -7.0 % $ 635.5 $ 683.1 -7.0 % Property and Casualty net income / core earnings* 22.8 20.0 14.0 % 76.5 54.3 40.9 % Property and Casualty combined ratio 90.2 % 90.3 % -0.1 pts 92.7 % 96.5 % -3.8 pts Property and Casualty underlying loss ratio* 58.7 % 60.3 % -1.6 pts 54.9 % 63.1 % -8.2 pts Property and Casualty expense ratio 28.3 % 27.4 % 0.9 pts 26.4 % 26.9 % -0.5 pts Property and Casualty catastrophe losses 3.8 % 2.6 % 1.2 pts 13.0 % 7.6 % 5.4 pts Property and Casualty underlying combined ratio* 87.0 % 87.7 % -0.7 pts 81.3 % 90.0 % -8.7 pts Auto combined ratio 96.2 % 99.7 % -3.5 pts 88.0 % 97.6 % -9.6 pts Auto underlying loss ratio* 67.4 % 71.9 % -4.5 pts 60.4 % 70.6 % -10.2 pts Property combined ratio 79.0 % 71.5 % 7.5 pts 102.0 % 94.2 % 7.8 pts Property underlying loss ratio* 42.1 % 37.1 % 5.0 pts 44.3 % 47.2 % -2.9 pts Full-year 2020 Property and Casualty written premiums declined due to lower new business and pandemic-related premium credits in the second quarter, which more than offset the return of the reinstatement premiums related to the PG&E subrogation recovery in the third quarter. The Auto policy retention rate of 81.2% and Property retention rate of 86.8% were in line with recent experience. Overall, segment core earnings for the year rose 40.9% due to the 3.8 point improvement in the combined ratio, despite a 5.4 point increase in the catastrophe loss ratio, and higher net investment income, driven by favorable limited partnership returns in the second half of the year. The underlying combined ratio improved by 8.7 points over 2019, largely due to the unusually low underlying Auto loss ratio. The underlying auto loss ratio improved 10.2 points, reflecting lower frequency related to changing driving patterns due to COVID-19, as well as the ongoing benefit of profitability initiatives. The underlying property loss ratio improved 2.9 points, primarily due to the return of the reinsurance reinstatement premium in the second quarter. In the fourth quarter, the company incurred $6.1 million of catastrophe losses from 13 events that added 3.8 points to the combined ratio. Catastrophe losses for the year totaled $84.4 million, adding 13.0 points to the combined ratio. The companys full-year 2021 guidance reflects a catastrophe loss assumption of approximately 9.5 points on the combined ratio. Supplemental Segment Contributed $43.1 million to 2020 Earnings (All comparisons vs. same period in 2019, unless noted otherwise) Our Supplemental insurance segment specializes in marketing supplemental insurance products, including cancer, heart, hospital, supplemental disability and accident for the education market. The segment was formed when Horace Mann acquired NTA Life Enterprises, LLC (NTA) in July 2019 and continues to build on NTAs nearly 50 years of experience in the sector. The Supplemental segment represented 12% of 2020 total revenues and contributed $43.1 million to core earnings. Three Months Ended December 31, Twelve Months Ended December 31, ($ in millions) 2020 2019 Change 2020 2019 (1) Change (1) Supplemental sales* $ 1.4 $ 4.6 -69.6 % $ 7.2 $ 8.2 N/A Earned premiums 31.9 32.9 -3.0 % 130.7 65.8 N/A Supplemental net income / core earnings* 12.5 11.1 12.6 % 43.1 18.0 N/A Pretax profit margin (2) 41.5 % 37.9 % 3.6 pts 36.4 % 30.8 % N/A (1) The acquisition of NTA closed on July 1, 2019. (2) Measured to total revenues. Supplemental segment sales were $1.4 million in the fourth quarter, in line with the third quarter, reflecting the modest rebound that began mid-year, but continuing to reflect lower sales volume due to limited school access because of COVID-19. Persistency was up slightly at 90.5%. Strong core earnings reflected continued favorable business trends as well as some short-term benefit from changes in policyholder behavior due to COVID-19. Segment expenses include the non-cash impact of amortization of intangible assets under purchase accounting that reduced full-year core earnings by $12.6 million pretax. The pretax profit margin remains above managements longer-term expectations because of the pandemic-related changes in policyholder behavior. Retirement Segment Sees 4.5% Increase in Annuity Contract Deposits over 2019 (All comparisons vs. same period in 2019, unless noted otherwise) Our Retirement segment primarily markets 403(b) tax-qualified fixed, fixed index and variable annuities; the Horace Mann Retirement Advantage open architecture platform for 403(b)(7) and other defined contribution plans; and other retirement products to educators. Horace Mann is one of the largest participants in the K-12 educator portion of the 403(b) tax-qualified annuity market, measured by 403(b) net written premium on a statutory accounting basis. The Retirement segment represented 21% of 2020 total revenues and contributed $28.2 million to core earnings. Three Months Ended December 31, Twelve Months Ended December 31, ($ in millions) 2020 2019 Change 2020 2019 Change Annuity contract deposits* $ 116.7 $ 117.9 -1.0 % $ 483.4 $ 462.5 4.5 % Annuity assets under management (1) 4,841.8 4,379.6 10.6 % Total assets under administration (2) 8,684.0 8,270.6 5.0 % Retirement net income (loss) 3.5 2.1 66.7 % 20.1 (4.8 ) N.M. Retirement core earnings* 11.6 2.1 N.M. 28.2 23.2 21.6 % Retirement core earnings excluding DAC unlocking* 11.2 2.1 N.M. 26.8 26.0 3.1 % N.M. - Not meaningful. (1) Amount reported as of December 31, 2020 excludes $752.1 of assets under management held under modified coinsurance reinsurance. (2) Includes Annuity AUM, Brokerage and Advisory AUA, and Recordkeeping AUA. For the year, annuity contract deposits rose 4.5% over 2019. Educators continue to find value in our Retirement savings products, including our competitively priced annuity products. Total cash value persistency remained strong at 95.0% for variable annuities and 94.7% for fixed annuities. Horace Mann currently has $4.8 billion in annuity assets under management, including $2.2 billion of fixed annuities, $2.1 billion of variable annuities and $0.5 billion of fixed indexed annuities. Assets under administration, which includes advisory and recordkeeping assets added through the acquisition of Benefit Consultants Group (BCG) in 2019, were up 5.0% from year-end 2019. The net interest spread on the retained annuity business was 212 points for the year, continuing to improve because of the benefits of the 2019 annuity reinsurance transaction. Lower net interest margin due to the reduced size of the managed portfolio was more than offset by expense savings, resulting in 3.1% growth in core earnings excluding DAC unlocking for the year. In the fourth quarter of 2020, Retirement segment net income reflected the after-tax impairment of $8.1 million of goodwill and intangible assets associated with BCG, which had been acquired in 2019, due to anticipated softer BCG wealth management sales outside of the education markets. Operational benefits from the BCG transaction remain on track. In 2019, management impaired $28.0 million of goodwill that had been associated with the reinsured legacy annuity block. Life Segment 2020 Sales of Recurring Premium Products Stable (All comparisons vs. same period in 2019, unless noted otherwise) Our Life insurance segment primarily markets traditional term and whole life insurance products to educators. The Life segment represented 14% of 2020 total revenues and contributed $10.4 million to core earnings. Three Months Ended December 31, Twelve Months Ended December 31, ($ in millions) 2020 2019 Change 2020 2019 Change Life sales* $ 3.1 $ 4.2 -26.2 % $ 12.7 $ 17.9 -29.1 % Life mortality costs 10.5 7.1 47.9 % 38.8 33.5 15.8 % Life net income / core earnings* 3.6 4.0 -10.0 % 10.4 17.6 -40.9 % Life sales were down for the year on stable new sales of recurring term and whole life policies, and lower new sales of more complex products such as single premium and Indexed Universal Life policies. Life core earnings* reflected 2020 mortality costs in line with expectations compared with favorable mortality experience in 2019. Full-year persistency for life products of 95.8% improved from the prior year period. Investment Portfolio Achieved Better-Than-Anticipated Fourth Quarter Results Due To Continued Rebound in Alternatives Portfolio (All comparisons vs. same period in 2019, unless noted otherwise) Our investment strategy is primarily focused on generating income to support product liabilities, and balances principal protection and risk. Total net investment income includes net investment income on the investment portfolio managed by Horace Mann as well as accreted investment income on the deposit asset on reinsurance related to the companys 2019 reinsurance of a block of approximately $2.9 billion of policy liabilities related to legacy individual annuities written in 2002 or earlier that was effective April 1, 2019. Three Months Ended December 31, Twelve Months Ended December 31, ($ in millions) 2020 2019 Change 2020 2019 Change Pretax net investment income - investment portfolio $ 76.0 $ 62.0 22.6 % $ 260.3 $ 294.3 -11.6 % Pretax investment income - deposit asset on reinsurance 25.2 23.8 5.9 % 97.3 70.8 37.4 % Total pretax net investment income 101.2 85.8 17.9 % 357.6 365.1 -2.1 % Pretax net investment gains (losses) 10.5 1.7 N.M. (2.3 ) 153.3 N.M. Pretax net unrealized investment gains on fixed maturity securities 556.7 334.7 66.3 % Investment yield, excluding limited partnership interests, pretax - annualized 4.25 % 4.36 % -0.11 pts 4.33 % 4.64 % -0.31 pts N.M. - Not meaningful. Total net investment income was down slightly year-over-year. Net investment income on the managed portfolio rose 22.6% in the fourth quarter as favorable returns on limited partnership investments continued to offset slightly lower yields on fixed maturity investments. Net investment income on the managed portfolio was down for the full year due to market weakness early in 2020, which primarily impacted limited partnership returns. Full-year pretax net investment losses were $2.3 million, including $5.3 million in other-than-temporary impairment charges. The companys fixed maturity securities portfolio is in a net unrealized investment gain position of $556.7 million at December 31, 2020. Book Value Excluding Net Unrealized Investment Gains Up 6% Year Over Year At December 31, 2020, shareholders equity was $1.79 billion, or $43.22 per share. Excluding net unrealized investment gains on fixed maturity securities, shareholders equity was $1.42 billion, or $34.38 per share.* The year-over-year improvement in book value excluding unrealized investment gains on fixed maturity securities primarily reflected the realized gain on assets transferred in the 2019 annuity reinsurance transaction, as well as strong earnings. At December 31, 2020, total debt was $437.3 million, with $135.0 million outstanding on the companys line of credit. The ratio of debt-to-capital excluding net unrealized investment gains* was 23.5%. Quarterly Webcast Horace Manns senior management will discuss the companys fourth-quarter and full-year financial results with investors on February 3, 2021 at 9:30 a.m. Eastern Time. The conference call will be webcast live at investors.horacemann.com and archived later in the day for replay. About Horace Mann Horace Mann Educators Corporation (NYSE: HMN) is the largest financial services company focused on providing Americas educators and school employees with insurance and retirement solutions. Founded by Educators for Educators in 1945, the company is headquartered in Springfield, Illinois. For more information, visit horacemann.com. Safe Harbor Statement and Non-GAAP Measures Statements included in this news release that are not historical in nature are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and are subject to certain risks and uncertainties. Horace Mann is not under any obligation to (and expressly disclaims any such obligation to) update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Please refer to the companys Quarterly Report on Form 10-Q for the period ended September 30, 2020 and the companys past and future filings and reports filed with the Securities and Exchange Commission (SEC) for information concerning important factors that could cause actual results to differ materially from those in forward-looking statements. Information contained in this news release include measures which are based on methodologies other than accounting principles generally accepted in the United States of America (GAAP). Reconciliations of non-GAAP measures to the closest GAAP measures are contained in the Appendix to the Investor Supplement and additional descriptions of the non-GAAP measures are contained in the Glossary of Selected Terms included as an exhibit to the companys SEC filings. HORACE MANN EDUCATORS CORPORATION Financial Highlights (Unaudited) ($ in Millions, except per share data) Three Months Ended December 31, Twelve Months Ended December 31, 2020 2019 % Change 2020 2019 % Change EARNINGS SUMMARY Net income $ 47.8 $ 33.0 44.8 % $ 133.3 $ 184.4 -27.7 % Net investment gains (losses), after tax 8.4 1.3 N.M. (1.7 ) 120.2 N.M. Other expense - goodwill and intangible asset impairments, after tax (8.1 ) N.M. (8.1 ) (28.0 ) N.M. Core earnings* 47.5 31.7 49.8 % 143.1 92.2 55.2 % Per diluted share: Net income $ 1.13 $ 0.78 44.9 % $ 3.17 $ 4.40 -28.0 % Net investment gains (losses), after tax $ 0.19 $ 0.03 N.M. $ (0.04 ) $ 2.87 N.M. Other expense - goodwill and intangible asset impairments, after tax $ (0.19 ) $ N.M. $ (0.19 ) $ (0.67 ) N.M. Core earnings* $ 1.13 $ 0.75 50.7 % $ 3.40 $ 2.20 54.5 % Weighted average number of shares and equivalent shares (in millions) - Diluted 42.2 42.1 0.2 % 42.0 41.9 0.2 % RETURN ON EQUITY Net income return on equity - LTM (1) 8.1 % 12.5 % 8.1 % 12.5 % Net income return on equity - annualized 10.9 % 8.4 % Core return on equity - LTM* (2) 10.5 % 7.3 % 10.5 % 7.3 % Core return on equity - annualized* 13.5 % 9.6 % FINANCIAL POSITION Per share: (3) Book value $ 43.22 $ 38.01 13.7 % Effect of net unrealized investment gains on fixed maturity securities (4) $ 8.84 $ 5.59 58.1 % Dividends paid $ 0.30 $ 0.2875 4.3 % $ 1.20 $ 1.15 4.3 % Ending number of shares outstanding (in millions) (3) 41.4 41.2 0.5 % Total assets $ 13,471.8 $ 12,478.7 8.0 % Short-term debt 135.0 135.0 % Long-term debt 302.3 298.0 1.4 % Total shareholders equity 1,790.1 1,567.3 14.2 % ADDITIONAL INFORMATION Net investment gains (losses) Before tax $ 10.5 $ 1.7 N.M. $ (2.3 ) $ 153.3 N.M. After tax 8.4 1.3 N.M. (1.7 ) 120.2 N.M. Per share, diluted $ 0.19 $ 0.03 N.M. $ (0.04 ) $ 2.87 N.M. N.M. - Not meaningful. (1) Based on last twelve months net income and average quarter-end shareholders equity. (2) Based on last twelve months core earnings and average quarter-end shareholders equity which has been adjusted to exclude the fair value adjustment for investments, net of the related impact on deferred policy acquisition costs and applicable deferred taxes. (3) Ending shares outstanding were 41,414,218 at December 31, 2020 and 41,238,324 at December 31, 2019. (4) Net of the related impact on deferred policy acquisition costs and applicable deferred taxes. HORACE MANN EDUCATORS CORPORATION Statements of Operations and Consolidated Data (Unaudited) ($ in Millions) Three Months Ended December 31, Twelve Months Ended December 31, 2020 2019 % Change 2020 2019 % Change STATEMENTS OF OPERATIONS Insurance premiums and contract charges earned $ 233.7 $ 240.4 -2.8 % $ 930.7 $ 898.0 3.6 % Net investment income 101.2 85.8 17.9 % 357.6 365.1 -2.1 % Net investment gains (losses) 10.5 1.7 N.M. (2.3 ) 153.3 N.M. Other income 6.9 5.7 21.1 % 24.4 22.6 8.0 % Total revenues 352.3 333.6 5.6 % 1,310.4 1,439.0 -8.9 % Benefits, claims and settlement expenses 135.8 138.8 -2.2 % 568.9 585.1 -2.8 % Interest credited 51.3 52.7 -2.7 % 204.6 212.8 -3.9 % Operating expenses 64.7 67.2 -3.7 % 237.8 243.1 -2.2 % DAC unlocking and amortization expense 24.9 26.3 -5.3 % 99.9 109.2 -8.5 % Intangible asset amortization expense 3.5 3.9 -10.3 % 14.4 8.8 63.6 % Interest expense 3.5 4.4 -20.5 % 15.2 15.6 -2.6 % Other expense - goodwill and intangible asset impairments 10.0 N.M. 10.0 28.0 N.M. Total benefits, losses and expenses 293.7 293.3 0.1 % 1,150.8 1,202.6 -4.3 % Income before income taxes 58.6 40.3 45.4 % 159.6 236.4 -32.5 % Income tax expense 10.8 7.3 47.9 % 26.3 52.0 -49.4 % Net income $ 47.8 $ 33.0 44.8 % $ 133.3 $ 184.4 -27.7 % PREMIUMS WRITTEN AND CONTRACT DEPOSITS* Property and Casualty $ 153.0 $ 164.6 -7.0 % $ 635.5 $ 683.1 -7.0 % Supplemental (1) 32.0 33.0 -3.0 % 130.3 65.7 N/A Annuity contract deposits 116.7 117.9 -1.0 % 483.4 462.5 4.5 % Life 30.8 30.7 0.3 % 110.1 113.2 -2.7 % Total $ 332.5 $ 346.2 -4.0 % $ 1,359.3 $ 1,324.5 2.6 % SEGMENT NET INCOME (LOSS) Property and Casualty $ 22.8 $ 20.0 14.0 % $ 76.5 $ 54.3 40.9 % Supplemental (1) 12.5 11.1 12.6 % 43.1 18.0 N/A Retirement 3.5 2.1 66.7 % 20.1 (4.8 ) N.M. Life 3.6 4.0 -10.0 % 10.4 17.6 -40.9 % Corporate and Other (2) 5.4 (4.2 ) N.M. (16.8 ) 99.3 -116.9 % Net income $ 47.8 $ 33.0 44.8 % $ 133.3 $ 184.4 -27.7 % N.M. - Not meaningful. (1) Acquired on July 1, 2019. Twelve month comparison is not applicable. (2) Corporate and Other includes interest expense on debt and the impact of net investment gains and losses and other Corporate level items. The Company does not allocate the impact of corporate level transactions to the insurance segments consistent with how management evaluates the results of those segments. See detail for this segment on page 13. HORACE MANN EDUCATORS CORPORATION Business Segment Overview (Unaudited) ($ in Millions) Three Months Ended December 31, Twelve Months Ended December 31, 2020 2019 Change 2020 2019 Change PROPERTY and CASUALTY Written premiums* $ 153.0 $ 164.6 -7.0 % $ 635.5 $ 683.1 -7.0 % Premiums earned 161.4 170.9 -5.6 % 650.1 683.5 -4.9 % Net investment income 12.3 8.1 51.9 % 42.6 41.7 2.2 % Other income 0.2 0.3 -33.3 % 2.3 2.0 15.0 % Losses and loss adjustment expenses (LAE) 100.0 107.4 -6.9 % 431.0 475.6 -9.4 % Operating expenses (includes amortization expense) 45.7 46.7 -2.1 % 171.7 183.6 -6.5 % Interest expense 0.3 N.M. 0.4 1.3 -69.2 % Income before income taxes 28.2 24.9 13.3 % 91.9 66.7 37.8 % Net income / core earnings* 22.8 20.0 14.0 % 76.5 54.3 40.9 % Net investment income, after tax 10.2 7.0 45.7 % 35.7 35.4 0.8 % Catastrophe losses After tax 4.8 3.5 37.1 % 66.7 41.1 62.3 % Before tax 6.1 4.4 38.6 % 84.4 52.0 62.3 % Prior years reserves favorable development, before tax Automobile N.M. 2.0 5.5 -63.6 % Property and other 1.0 N.M. 8.2 2.0 N.M. Total 1.0 N.M. 10.2 7.5 36.0 % Operating statistics: Loss and loss adjustment expense ratio 61.9 % 62.9 % -1.0 pts 66.3 % 69.6 % -3.3 pts Expense ratio 28.3 % 27.4 % 0.9 pts 26.4 % 26.9 % -0.5 pts Combined ratio 90.2 % 90.3 % -0.1 pts 92.7 % 96.5 % -3.8 pts Effect on the combined ratio of: Catastrophe losses 3.8 % 2.6 % 1.2 pts 13.0 % 7.6 % 5.4 pts Prior years (favorable) reserve development -0.6 % % -0.6 pts -1.6 % -1.1 % -0.5 pts Combined ratio excluding the effects of catastrophe losses and prior years reserve development (underlying combined ratio)* 87.0 % 87.7 % -0.7 pts 81.3 % 90.0 % -8.7 pts Risks in force (in thousands) 583 627 -7.0 % Automobile (1) 399 433 -7.9 % Property 184 194 -5.2 % Policy renewal rate - 12 months Automobile 81.2 % 81.1 % 0.1 pts Property 86.8 % 87.1 % -0.3 pts N.M. - Not meaningful. (1) Includes assumed risks in force of 4. HORACE MANN EDUCATORS CORPORATION Business Segment Overview (Unaudited) ($ in Millions) Three Months Ended December 31, Twelve Months Ended December 31, 2020 2019 Change 2020 2019 (1) Change (1) SUPPLEMENTAL Premiums and contract charges earned $ 31.9 $ 32.9 -3.0 % $ 130.7 $ 65.8 N/A Net investment income 6.0 3.8 57.9 % 17.8 7.5 N/A Other income 0.7 0.8 -12.5 % 2.7 1.4 N/A Benefits 9.6 10.6 -9.4 % 38.2 21.7 N/A Change in reserves (0.2) (0.6) 66.7 % 4.7 3.0 N/A Interest credited % 0.2 N/A Operating expenses (includes DAC unlocking and amortization expense) 10.1 9.9 2.0 % 40.4 20.4 N/A Intangible asset amortization expense 3.1 3.4 -8.8 % 12.6 6.6 N/A Income before income taxes 16.0 14.2 12.7 % 55.1 23.0 N/A Net income / core earnings* 12.5 11.1 12.6 % 43.1 18.0 N/A Benefits ratio (2) 29.5 % 30.4 % -0.9 pts 32.8 % 37.5 % N/A Operating expense ratio (3) 26.2 % 26.4 % -0.2 pts 26.7 % 27.3 % N/A Pretax profit margin (4) 41.5 % 37.9 % 3.6 pts 36.4 % 30.8 % N/A Premium persistency (rolling 12 months) 90.5 % 89.3 % 1.2 pts 90.5 % 89.3 % N/A N.M. - Not meaningful. (1) The acquisition of NTA closed on July 1, 2019. (2) Ratio of benefits plus change in reserves to earned premium. (3) Ratio of operating expenses to total revenues. (4) Ratio of income before taxes to total revenues. HORACE MANN EDUCATORS CORPORATION Business Segment Overview (Unaudited) ($ in Millions) Three Months Ended December 31, Twelve Months Ended December 31, 2020 2019 Change 2020 2019 Change RETIREMENT Contract deposits* $ 116.7 $ 117.9 -1.0 % $ 483.4 $ 462.5 4.5 % Variable 57.6 59.8 -3.7 % 226.2 217.3 4.1 % Fixed 59.1 58.1 1.7 % 257.2 245.2 4.9 % Contract charges earned 8.2 7.0 17.1 % 29.7 29.1 2.1 % Net investment income 37.9 33.5 13.1 % 132.5 174.7 -24.2 % Interest credited 14.2 16.4 -13.4 % 58.6 93.6 -37.4 % Net interest margin 23.7 17.1 38.6 % 73.9 81.1 -8.9 % Investment income - deposit asset on reinsurance 25.2 23.8 5.9 % 97.3 70.8 37.4 % Interest credited - Reinsured block 25.9 25.0 3.6 % 100.9 74.2 36.0 % Net interest margin - Reinsured block (0.7 ) (1.2 ) 41.7 % (3.6 ) (3.4 ) -5.9 % Other income 4.2 4.0 5.0 % 16.3 17.4 -6.3 % Mortality loss and other reserve changes (1.2 ) (2.6 ) 53.8 % (5.3 ) (5.3 ) % Operating expenses (includes DAC unlocking and amortization expense) 20.6 22.4 -8.0 % 77.0 90.5 -14.9 % Intangible asset amortization expense 0.4 0.5 -20.0 % 1.8 2.2 -18.2 % Other expense - goodwill and intangible asset impairments 10.0 N.M. 10.0 28.0 -64.3 % Income (loss) before income taxes 3.2 1.4 N.M. 22.2 (1.8 ) N.M. Net income (loss) 3.5 2.1 66.7 % 20.1 (4.8 ) N.M. Core earnings 11.6 2.1 N.M. 28.2 23.2 21.6 % Pretax income increase (decrease) due to evaluation of: Deferred policy acquisition costs $ 0.5 $ 0.1 N.M. $ 1.8 $ (3.5 ) N.M. Guaranteed minimum death benefit reserve 0.1 N.M. 0.1 0.1 % Retirement contracts in force (in thousands) 230 229 0.4 % Annuity accumulated account value on deposit / Assets under management $ 4,841.8 $ 4,379.6 10.6 % Variable (1) 2,139.3 1,782.7 20.0 % Fixed 2,702.5 2,596.9 4.1 % Annuity accumulated value retention - 12 months Variable accumulations 95.0 % 94.7 % 0.3 pts Fixed accumulations 94.7 % 94.0 % 0.7 pts LIFE Premiums and contract deposits* $ 30.8 $ 30.7 0.3 % $ 110.1 $ 113.2 -2.7 % Premiums and contract charges earned 32.2 29.6 8.8 % 120.2 119.6 0.5 % Net investment income 20.4 17.2 18.6 % 69.8 72.0 -3.1 % Other income 0.1 0.2 -50.0 % 0.2 0.4 -50.0 % Death benefits/mortality cost/change in reserves 25.2 18.8 34.0 % 89.7 79.5 12.8 % Interest credited 11.2 11.3 -0.9 % 44.9 45.0 -0.2 % Operating expenses (includes DAC unlocking and amortization expense) 11.6 12.2 -4.9 % 42.7 45.7 -6.6 % Income before income taxes 4.7 4.7 % 12.9 21.8 -40.8 % Net income / core earnings* 3.6 4.0 -10.0 % 10.4 17.6 -40.9 % Pretax income increase (decrease) due to evaluation of: Deferred policy acquisition costs $ (0.2 ) $ 0.2 N.M. $ 0.3 $ 0.3 % Life policies in force (in thousands) 202 201 0.5 % Life insurance in force $ 19,821 $ 19,180 3.3 % Lapse ratio - 12 months (Ordinary life insurance) 4.2 % 4.6 % -0.4 pts N.M. - Not meaningful. (1) Amount reported as of December 31, 2020 excludes $752.1 of assets under management held under modified coinsurance reinsurance. HORACE MANN EDUCATORS CORPORATION Business Segment Overview (Unaudited) ($ in Millions) Three Months Ended December 31, Twelve Months Ended December 31, 2020 2019 Change 2020 2019 % Change CORPORATE AND OTHER (1) Components of income (loss) before tax: Net investment gains (losses) $ 10.5 $ 1.7 N.M. $ (2.3 ) $ 153.3 N.M. Interest expense (3.5 ) (4.1 ) 14.6 % (14.8 ) (14.3 ) -3.5 % Other operating expenses, net investment income and other income (0.5 ) (2.5 ) 80.0 % (5.4 ) (12.3 ) 56.1 % Income (loss) before income taxes 6.5 (4.9 ) N.M. (22.5 ) 126.7 N.M. Net income (loss) 5.4 (4.2 ) N.M. (16.8 ) 99.3 N.M. INVESTMENTS Retirement and Life Fixed maturity securities, at fair value (amortized cost 2020, $4,458.1; 2019, $4,151.1) $ 4,896.6 $ 4,427.0 10.6 % Equity securities, at fair value 82.9 79.4 4.4 % Short-term investments 125.8 113.6 10.7 % Policy loans 149.3 152.7 -2.2 % Limited partnership interests 276.6 253.1 9.3 % Other investments 51.5 34.8 48.0 % Total Retirement and Life investments 5,582.7 5,060.6 10.3 % Property and Casualty Fixed maturity securities, at fair value (amortized cost 2020, $789.5; 2019, $846.8) 867.2 899.5 -3.6 % Equity securities, at fair value 31.7 21.1 50.2 % Short-term investments 6.8 0.2 N.M. Limited partnership interests 136.1 114.5 18.9 % Other investments 1.1 1.0 10.0 % Total Property and Casualty investments 1,042.9 1,036.3 0.6 % Supplemental Fixed maturity securities, at fair value (amortized cost 2020, $541.0; 2019, $459.1) 581.5 465.2 25.0 % Equity securities, at fair value 6.0 1.4 N.M. Short-term investments 6.4 57.5 -88.9 % Policy loans 0.8 0.8 % Limited partnership interests 36.3 16.0 126.9 % Other investments 1.8 N.M. Total Supplemental investments 632.8 540.9 17.0 % Corporate investments Equity securities, at fair value 1.0 N.M. Short-term investments 2.8 1.4 100.0 % Total Corporate investments 3.8 1.4 N.M. Total investments $ 7,262.2 $ 6,639.2 9.4 % Net investment income - investment portfolio Before tax $ 76.0 $ 62.0 22.6 % $ 260.3 $ 294.3 -11.6 % After tax 60.6 49.5 22.4 % 207.7 235.0 -11.6 % Investment income - deposit asset on reinsurance Before tax $ 25.2 23.8 5.9 % $ 97.3 70.8 37.4 % After tax 19.9 18.8 5.9 % 76.9 55.9 37.6 % N.M. - Not meaningful. (1) The Corporate and Other segment includes interest expense on debt and the impact of investment gains and losses and other corporate level items. The Company does not allocate the impact of corporate level transactions to the insurance segments consistent with how management evaluates the results of those segments. Answer:
Horace Mann Reports Full-Year 2020 Net Income of $3.17 Per Share and Strong Core Earnings* of $3.40 Per Share Net income per share declined 28.0% from 2019, largely due to realized investment gains in 2019 related to annuity reinsurance transaction, with net return on equity at 8.1% Core earnings per share rose 54.5% to record $3.40 with core ROE at 10.5% Continued progress that reflects unwavering commitment to education market and multi-year emphasis on products, distribution and infrastructure; full-year contribution of new Supplemental segment Property and Casualty and Supplemental segment results reflected pandemic-related changes in policyholder behavior, as well as Camp Fire subrogation recovery Partial offsets included higher catastrophe losses, lower net investment income, auto premium relief and increased Life segment benefit costs compared to 2019 Fourth-quarter net income per share rose 44.9% to $1.13 with core earnings up 50.7% Book value per share up 13.7% and book value excluding net unrealized gains up 6.0% since year end 2019 2021 core earnings expected to be in the range of $3.00 to $3.20, with ROE in the range of 9% to 9.5% Anticipate further underlying progress toward long-term objective of double-digit ROE Auto and Supplemental policyholder behavior expected to gradually return to near historical levels by year-end 2021 Catastrophe losses would reduce Property and Casualty combined ratio by approximately 9.5 points Growing contribution of alternative portfolio boosting net investment income, particularly for Retirement and Life segments
SPRINGFIELD, Ill.--(BUSINESS WIRE)--Horace Mann Educators Corporation (NYSE:HMN) today reported financial results for the year ended December 31, 2020: Horace Mann Consolidated Financial Highlights Three Months Ended December 31, Twelve Months Ended December 31, ($ in millions, except per share amounts) 2020 2019 % Change 2020 2019 % Change Total revenues $ 352.3 $ 333.6 5.6 % $ 1,310.4 $ 1,439.0 -8.9 % Net income 47.8 33.0 44.8 % 133.3 184.4 -27.7 % Net investment gains (losses) after tax 8.4 1.3 N.M. (1.7 ) 120.2 N.M. Other expense - goodwill and intangible asset impairments, after tax (8.1 ) N.M. (8.1 ) (28.0 ) N.M. Core earnings* 47.5 31.7 49.8 % 143.1 92.2 55.2 % Per diluted share: Net income 1.13 0.78 44.9 % 3.17 4.40 -28.0 % Net investment gains (losses) after tax 0.19 0.03 N.M. (0.04 ) 2.87 N.M. Other expense - goodwill and intangible asset impairments, after tax (0.19 ) N.M. (0.19 ) (0.67 ) N.M. Core earnings per diluted share* 1.13 0.75 50.7 % 3.40 2.20 54.5 % Book value per share 43.22 38.01 13.7 % Book value per share excluding net unrealized investment gains on fixed maturity securities* 34.38 32.42 6.0 % N.M. - Not meaningful. * These measures are not based on accounting principles generally accepted in the United States of America (non-GAAP). They are reconciled to the most directly comparable GAAP measures in the Appendix to the Investor Supplement. An explanation of these measures is contained in the Glossary of Selected Terms included as an exhibit in the Companys reports filed with the Securities and Exchange Commission. Never has there been a clearer example of how vital educators are to our communities than 2020, said Horace Mann President and CEO Marita Zuraitis. We are deeply appreciative of the work educators are doing to educate and advocate for students while facing an overwhelming array of new challenges. At Horace Mann, helping educators address challenges is part of who we are, and we completed a number of initiatives this year to optimize our efforts for serving customers better in a remote environment. The events of 2020 serve as reinforcement of the importance of our mission for the past 75 years - to help deserving educators achieve lifelong financial success. Our 2020 results reflected the pandemics effect on policyholder behavior, such as changing driving patterns, that resulted in lower Auto loss frequency, Zuraitis said. But underneath those unusual trends, we are benefiting from a stronger foundation the result of our long-term strategic plan to improve our ability to serve educators by enhancing our product offerings, strengthening our distribution and modernizing our infrastructure, including the 2019 addition of our Supplemental segment and annuity reinsurance transaction to mitigate interest rate risk. While 2020 results clearly illustrate the strength of our profitability initiatives, the impact of a largely remote educator workforce in a pre-vaccine environment is temporarily slowing our top-line growth. More importantly, we are well positioned for post-vaccine growth due to the strategic work we completed in 2020, including full integration of Supplemental agents to allow them to reach more educators with more solutions. In 2021, we expect core EPS will be in the range of $3.00 to $3.20 as we make further progress toward our long-term objectives, Zuraitis concluded. Our outlook anticipates policyholder behavior gradually returning to historical patterns by the end of 2021, and a Property and Casualty catastrophe loss load almost two points higher than our previous years initial estimate. We expect all segments, particularly Retirement and Life, to benefit from the growing contribution to net investment income of our alternative investment portfolio. Our 2021 ROE target of 9% to 9.5% keeps us on the path to a sustainable, long-term double-digit ROE from our strategic actions. As expected, those actions contributed about one full point of the ROE improvement we saw in 2020. Property and Casualty Segment 2020 Combined Ratio at 92.7% Despite Higher Catastrophe Losses (All comparisons vs. same period in 2019, unless noted otherwise) Our Property and Casualty insurance segment primarily markets private passenger automobile insurance and residential home insurance. We offer standard automobile coverages, including liability, collision and comprehensive. Property coverage includes both homeowners and renters policies. For both automobile and property coverage, we offer educators a discounted rate and the Educator Advantage package of features. The Property and Casualty segment represented 53% of 2020 total revenues and contributed $76.5 million to core earnings. Three Months Ended December 31, Twelve Months Ended December 31, ($ in millions) 2020 2019 Change 2020 2019 Change Property and Casualty written premiums* $ 153.0 $ 164.6 -7.0 % $ 635.5 $ 683.1 -7.0 % Property and Casualty net income / core earnings* 22.8 20.0 14.0 % 76.5 54.3 40.9 % Property and Casualty combined ratio 90.2 % 90.3 % -0.1 pts 92.7 % 96.5 % -3.8 pts Property and Casualty underlying loss ratio* 58.7 % 60.3 % -1.6 pts 54.9 % 63.1 % -8.2 pts Property and Casualty expense ratio 28.3 % 27.4 % 0.9 pts 26.4 % 26.9 % -0.5 pts Property and Casualty catastrophe losses 3.8 % 2.6 % 1.2 pts 13.0 % 7.6 % 5.4 pts Property and Casualty underlying combined ratio* 87.0 % 87.7 % -0.7 pts 81.3 % 90.0 % -8.7 pts Auto combined ratio 96.2 % 99.7 % -3.5 pts 88.0 % 97.6 % -9.6 pts Auto underlying loss ratio* 67.4 % 71.9 % -4.5 pts 60.4 % 70.6 % -10.2 pts Property combined ratio 79.0 % 71.5 % 7.5 pts 102.0 % 94.2 % 7.8 pts Property underlying loss ratio* 42.1 % 37.1 % 5.0 pts 44.3 % 47.2 % -2.9 pts Full-year 2020 Property and Casualty written premiums declined due to lower new business and pandemic-related premium credits in the second quarter, which more than offset the return of the reinstatement premiums related to the PG&E subrogation recovery in the third quarter. The Auto policy retention rate of 81.2% and Property retention rate of 86.8% were in line with recent experience. Overall, segment core earnings for the year rose 40.9% due to the 3.8 point improvement in the combined ratio, despite a 5.4 point increase in the catastrophe loss ratio, and higher net investment income, driven by favorable limited partnership returns in the second half of the year. The underlying combined ratio improved by 8.7 points over 2019, largely due to the unusually low underlying Auto loss ratio. The underlying auto loss ratio improved 10.2 points, reflecting lower frequency related to changing driving patterns due to COVID-19, as well as the ongoing benefit of profitability initiatives. The underlying property loss ratio improved 2.9 points, primarily due to the return of the reinsurance reinstatement premium in the second quarter. In the fourth quarter, the company incurred $6.1 million of catastrophe losses from 13 events that added 3.8 points to the combined ratio. Catastrophe losses for the year totaled $84.4 million, adding 13.0 points to the combined ratio. The companys full-year 2021 guidance reflects a catastrophe loss assumption of approximately 9.5 points on the combined ratio. Supplemental Segment Contributed $43.1 million to 2020 Earnings (All comparisons vs. same period in 2019, unless noted otherwise) Our Supplemental insurance segment specializes in marketing supplemental insurance products, including cancer, heart, hospital, supplemental disability and accident for the education market. The segment was formed when Horace Mann acquired NTA Life Enterprises, LLC (NTA) in July 2019 and continues to build on NTAs nearly 50 years of experience in the sector. The Supplemental segment represented 12% of 2020 total revenues and contributed $43.1 million to core earnings. Three Months Ended December 31, Twelve Months Ended December 31, ($ in millions) 2020 2019 Change 2020 2019 (1) Change (1) Supplemental sales* $ 1.4 $ 4.6 -69.6 % $ 7.2 $ 8.2 N/A Earned premiums 31.9 32.9 -3.0 % 130.7 65.8 N/A Supplemental net income / core earnings* 12.5 11.1 12.6 % 43.1 18.0 N/A Pretax profit margin (2) 41.5 % 37.9 % 3.6 pts 36.4 % 30.8 % N/A (1) The acquisition of NTA closed on July 1, 2019. (2) Measured to total revenues. Supplemental segment sales were $1.4 million in the fourth quarter, in line with the third quarter, reflecting the modest rebound that began mid-year, but continuing to reflect lower sales volume due to limited school access because of COVID-19. Persistency was up slightly at 90.5%. Strong core earnings reflected continued favorable business trends as well as some short-term benefit from changes in policyholder behavior due to COVID-19. Segment expenses include the non-cash impact of amortization of intangible assets under purchase accounting that reduced full-year core earnings by $12.6 million pretax. The pretax profit margin remains above managements longer-term expectations because of the pandemic-related changes in policyholder behavior. Retirement Segment Sees 4.5% Increase in Annuity Contract Deposits over 2019 (All comparisons vs. same period in 2019, unless noted otherwise) Our Retirement segment primarily markets 403(b) tax-qualified fixed, fixed index and variable annuities; the Horace Mann Retirement Advantage open architecture platform for 403(b)(7) and other defined contribution plans; and other retirement products to educators. Horace Mann is one of the largest participants in the K-12 educator portion of the 403(b) tax-qualified annuity market, measured by 403(b) net written premium on a statutory accounting basis. The Retirement segment represented 21% of 2020 total revenues and contributed $28.2 million to core earnings. Three Months Ended December 31, Twelve Months Ended December 31, ($ in millions) 2020 2019 Change 2020 2019 Change Annuity contract deposits* $ 116.7 $ 117.9 -1.0 % $ 483.4 $ 462.5 4.5 % Annuity assets under management (1) 4,841.8 4,379.6 10.6 % Total assets under administration (2) 8,684.0 8,270.6 5.0 % Retirement net income (loss) 3.5 2.1 66.7 % 20.1 (4.8 ) N.M. Retirement core earnings* 11.6 2.1 N.M. 28.2 23.2 21.6 % Retirement core earnings excluding DAC unlocking* 11.2 2.1 N.M. 26.8 26.0 3.1 % N.M. - Not meaningful. (1) Amount reported as of December 31, 2020 excludes $752.1 of assets under management held under modified coinsurance reinsurance. (2) Includes Annuity AUM, Brokerage and Advisory AUA, and Recordkeeping AUA. For the year, annuity contract deposits rose 4.5% over 2019. Educators continue to find value in our Retirement savings products, including our competitively priced annuity products. Total cash value persistency remained strong at 95.0% for variable annuities and 94.7% for fixed annuities. Horace Mann currently has $4.8 billion in annuity assets under management, including $2.2 billion of fixed annuities, $2.1 billion of variable annuities and $0.5 billion of fixed indexed annuities. Assets under administration, which includes advisory and recordkeeping assets added through the acquisition of Benefit Consultants Group (BCG) in 2019, were up 5.0% from year-end 2019. The net interest spread on the retained annuity business was 212 points for the year, continuing to improve because of the benefits of the 2019 annuity reinsurance transaction. Lower net interest margin due to the reduced size of the managed portfolio was more than offset by expense savings, resulting in 3.1% growth in core earnings excluding DAC unlocking for the year. In the fourth quarter of 2020, Retirement segment net income reflected the after-tax impairment of $8.1 million of goodwill and intangible assets associated with BCG, which had been acquired in 2019, due to anticipated softer BCG wealth management sales outside of the education markets. Operational benefits from the BCG transaction remain on track. In 2019, management impaired $28.0 million of goodwill that had been associated with the reinsured legacy annuity block. Life Segment 2020 Sales of Recurring Premium Products Stable (All comparisons vs. same period in 2019, unless noted otherwise) Our Life insurance segment primarily markets traditional term and whole life insurance products to educators. The Life segment represented 14% of 2020 total revenues and contributed $10.4 million to core earnings. Three Months Ended December 31, Twelve Months Ended December 31, ($ in millions) 2020 2019 Change 2020 2019 Change Life sales* $ 3.1 $ 4.2 -26.2 % $ 12.7 $ 17.9 -29.1 % Life mortality costs 10.5 7.1 47.9 % 38.8 33.5 15.8 % Life net income / core earnings* 3.6 4.0 -10.0 % 10.4 17.6 -40.9 % Life sales were down for the year on stable new sales of recurring term and whole life policies, and lower new sales of more complex products such as single premium and Indexed Universal Life policies. Life core earnings* reflected 2020 mortality costs in line with expectations compared with favorable mortality experience in 2019. Full-year persistency for life products of 95.8% improved from the prior year period. Investment Portfolio Achieved Better-Than-Anticipated Fourth Quarter Results Due To Continued Rebound in Alternatives Portfolio (All comparisons vs. same period in 2019, unless noted otherwise) Our investment strategy is primarily focused on generating income to support product liabilities, and balances principal protection and risk. Total net investment income includes net investment income on the investment portfolio managed by Horace Mann as well as accreted investment income on the deposit asset on reinsurance related to the companys 2019 reinsurance of a block of approximately $2.9 billion of policy liabilities related to legacy individual annuities written in 2002 or earlier that was effective April 1, 2019. Three Months Ended December 31, Twelve Months Ended December 31, ($ in millions) 2020 2019 Change 2020 2019 Change Pretax net investment income - investment portfolio $ 76.0 $ 62.0 22.6 % $ 260.3 $ 294.3 -11.6 % Pretax investment income - deposit asset on reinsurance 25.2 23.8 5.9 % 97.3 70.8 37.4 % Total pretax net investment income 101.2 85.8 17.9 % 357.6 365.1 -2.1 % Pretax net investment gains (losses) 10.5 1.7 N.M. (2.3 ) 153.3 N.M. Pretax net unrealized investment gains on fixed maturity securities 556.7 334.7 66.3 % Investment yield, excluding limited partnership interests, pretax - annualized 4.25 % 4.36 % -0.11 pts 4.33 % 4.64 % -0.31 pts N.M. - Not meaningful. Total net investment income was down slightly year-over-year. Net investment income on the managed portfolio rose 22.6% in the fourth quarter as favorable returns on limited partnership investments continued to offset slightly lower yields on fixed maturity investments. Net investment income on the managed portfolio was down for the full year due to market weakness early in 2020, which primarily impacted limited partnership returns. Full-year pretax net investment losses were $2.3 million, including $5.3 million in other-than-temporary impairment charges. The companys fixed maturity securities portfolio is in a net unrealized investment gain position of $556.7 million at December 31, 2020. Book Value Excluding Net Unrealized Investment Gains Up 6% Year Over Year At December 31, 2020, shareholders equity was $1.79 billion, or $43.22 per share. Excluding net unrealized investment gains on fixed maturity securities, shareholders equity was $1.42 billion, or $34.38 per share.* The year-over-year improvement in book value excluding unrealized investment gains on fixed maturity securities primarily reflected the realized gain on assets transferred in the 2019 annuity reinsurance transaction, as well as strong earnings. At December 31, 2020, total debt was $437.3 million, with $135.0 million outstanding on the companys line of credit. The ratio of debt-to-capital excluding net unrealized investment gains* was 23.5%. Quarterly Webcast Horace Manns senior management will discuss the companys fourth-quarter and full-year financial results with investors on February 3, 2021 at 9:30 a.m. Eastern Time. The conference call will be webcast live at investors.horacemann.com and archived later in the day for replay. About Horace Mann Horace Mann Educators Corporation (NYSE: HMN) is the largest financial services company focused on providing Americas educators and school employees with insurance and retirement solutions. Founded by Educators for Educators in 1945, the company is headquartered in Springfield, Illinois. For more information, visit horacemann.com. Safe Harbor Statement and Non-GAAP Measures Statements included in this news release that are not historical in nature are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and are subject to certain risks and uncertainties. Horace Mann is not under any obligation to (and expressly disclaims any such obligation to) update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Please refer to the companys Quarterly Report on Form 10-Q for the period ended September 30, 2020 and the companys past and future filings and reports filed with the Securities and Exchange Commission (SEC) for information concerning important factors that could cause actual results to differ materially from those in forward-looking statements. Information contained in this news release include measures which are based on methodologies other than accounting principles generally accepted in the United States of America (GAAP). Reconciliations of non-GAAP measures to the closest GAAP measures are contained in the Appendix to the Investor Supplement and additional descriptions of the non-GAAP measures are contained in the Glossary of Selected Terms included as an exhibit to the companys SEC filings. HORACE MANN EDUCATORS CORPORATION Financial Highlights (Unaudited) ($ in Millions, except per share data) Three Months Ended December 31, Twelve Months Ended December 31, 2020 2019 % Change 2020 2019 % Change EARNINGS SUMMARY Net income $ 47.8 $ 33.0 44.8 % $ 133.3 $ 184.4 -27.7 % Net investment gains (losses), after tax 8.4 1.3 N.M. (1.7 ) 120.2 N.M. Other expense - goodwill and intangible asset impairments, after tax (8.1 ) N.M. (8.1 ) (28.0 ) N.M. Core earnings* 47.5 31.7 49.8 % 143.1 92.2 55.2 % Per diluted share: Net income $ 1.13 $ 0.78 44.9 % $ 3.17 $ 4.40 -28.0 % Net investment gains (losses), after tax $ 0.19 $ 0.03 N.M. $ (0.04 ) $ 2.87 N.M. Other expense - goodwill and intangible asset impairments, after tax $ (0.19 ) $ N.M. $ (0.19 ) $ (0.67 ) N.M. Core earnings* $ 1.13 $ 0.75 50.7 % $ 3.40 $ 2.20 54.5 % Weighted average number of shares and equivalent shares (in millions) - Diluted 42.2 42.1 0.2 % 42.0 41.9 0.2 % RETURN ON EQUITY Net income return on equity - LTM (1) 8.1 % 12.5 % 8.1 % 12.5 % Net income return on equity - annualized 10.9 % 8.4 % Core return on equity - LTM* (2) 10.5 % 7.3 % 10.5 % 7.3 % Core return on equity - annualized* 13.5 % 9.6 % FINANCIAL POSITION Per share: (3) Book value $ 43.22 $ 38.01 13.7 % Effect of net unrealized investment gains on fixed maturity securities (4) $ 8.84 $ 5.59 58.1 % Dividends paid $ 0.30 $ 0.2875 4.3 % $ 1.20 $ 1.15 4.3 % Ending number of shares outstanding (in millions) (3) 41.4 41.2 0.5 % Total assets $ 13,471.8 $ 12,478.7 8.0 % Short-term debt 135.0 135.0 % Long-term debt 302.3 298.0 1.4 % Total shareholders equity 1,790.1 1,567.3 14.2 % ADDITIONAL INFORMATION Net investment gains (losses) Before tax $ 10.5 $ 1.7 N.M. $ (2.3 ) $ 153.3 N.M. After tax 8.4 1.3 N.M. (1.7 ) 120.2 N.M. Per share, diluted $ 0.19 $ 0.03 N.M. $ (0.04 ) $ 2.87 N.M. N.M. - Not meaningful. (1) Based on last twelve months net income and average quarter-end shareholders equity. (2) Based on last twelve months core earnings and average quarter-end shareholders equity which has been adjusted to exclude the fair value adjustment for investments, net of the related impact on deferred policy acquisition costs and applicable deferred taxes. (3) Ending shares outstanding were 41,414,218 at December 31, 2020 and 41,238,324 at December 31, 2019. (4) Net of the related impact on deferred policy acquisition costs and applicable deferred taxes. HORACE MANN EDUCATORS CORPORATION Statements of Operations and Consolidated Data (Unaudited) ($ in Millions) Three Months Ended December 31, Twelve Months Ended December 31, 2020 2019 % Change 2020 2019 % Change STATEMENTS OF OPERATIONS Insurance premiums and contract charges earned $ 233.7 $ 240.4 -2.8 % $ 930.7 $ 898.0 3.6 % Net investment income 101.2 85.8 17.9 % 357.6 365.1 -2.1 % Net investment gains (losses) 10.5 1.7 N.M. (2.3 ) 153.3 N.M. Other income 6.9 5.7 21.1 % 24.4 22.6 8.0 % Total revenues 352.3 333.6 5.6 % 1,310.4 1,439.0 -8.9 % Benefits, claims and settlement expenses 135.8 138.8 -2.2 % 568.9 585.1 -2.8 % Interest credited 51.3 52.7 -2.7 % 204.6 212.8 -3.9 % Operating expenses 64.7 67.2 -3.7 % 237.8 243.1 -2.2 % DAC unlocking and amortization expense 24.9 26.3 -5.3 % 99.9 109.2 -8.5 % Intangible asset amortization expense 3.5 3.9 -10.3 % 14.4 8.8 63.6 % Interest expense 3.5 4.4 -20.5 % 15.2 15.6 -2.6 % Other expense - goodwill and intangible asset impairments 10.0 N.M. 10.0 28.0 N.M. Total benefits, losses and expenses 293.7 293.3 0.1 % 1,150.8 1,202.6 -4.3 % Income before income taxes 58.6 40.3 45.4 % 159.6 236.4 -32.5 % Income tax expense 10.8 7.3 47.9 % 26.3 52.0 -49.4 % Net income $ 47.8 $ 33.0 44.8 % $ 133.3 $ 184.4 -27.7 % PREMIUMS WRITTEN AND CONTRACT DEPOSITS* Property and Casualty $ 153.0 $ 164.6 -7.0 % $ 635.5 $ 683.1 -7.0 % Supplemental (1) 32.0 33.0 -3.0 % 130.3 65.7 N/A Annuity contract deposits 116.7 117.9 -1.0 % 483.4 462.5 4.5 % Life 30.8 30.7 0.3 % 110.1 113.2 -2.7 % Total $ 332.5 $ 346.2 -4.0 % $ 1,359.3 $ 1,324.5 2.6 % SEGMENT NET INCOME (LOSS) Property and Casualty $ 22.8 $ 20.0 14.0 % $ 76.5 $ 54.3 40.9 % Supplemental (1) 12.5 11.1 12.6 % 43.1 18.0 N/A Retirement 3.5 2.1 66.7 % 20.1 (4.8 ) N.M. Life 3.6 4.0 -10.0 % 10.4 17.6 -40.9 % Corporate and Other (2) 5.4 (4.2 ) N.M. (16.8 ) 99.3 -116.9 % Net income $ 47.8 $ 33.0 44.8 % $ 133.3 $ 184.4 -27.7 % N.M. - Not meaningful. (1) Acquired on July 1, 2019. Twelve month comparison is not applicable. (2) Corporate and Other includes interest expense on debt and the impact of net investment gains and losses and other Corporate level items. The Company does not allocate the impact of corporate level transactions to the insurance segments consistent with how management evaluates the results of those segments. See detail for this segment on page 13. HORACE MANN EDUCATORS CORPORATION Business Segment Overview (Unaudited) ($ in Millions) Three Months Ended December 31, Twelve Months Ended December 31, 2020 2019 Change 2020 2019 Change PROPERTY and CASUALTY Written premiums* $ 153.0 $ 164.6 -7.0 % $ 635.5 $ 683.1 -7.0 % Premiums earned 161.4 170.9 -5.6 % 650.1 683.5 -4.9 % Net investment income 12.3 8.1 51.9 % 42.6 41.7 2.2 % Other income 0.2 0.3 -33.3 % 2.3 2.0 15.0 % Losses and loss adjustment expenses (LAE) 100.0 107.4 -6.9 % 431.0 475.6 -9.4 % Operating expenses (includes amortization expense) 45.7 46.7 -2.1 % 171.7 183.6 -6.5 % Interest expense 0.3 N.M. 0.4 1.3 -69.2 % Income before income taxes 28.2 24.9 13.3 % 91.9 66.7 37.8 % Net income / core earnings* 22.8 20.0 14.0 % 76.5 54.3 40.9 % Net investment income, after tax 10.2 7.0 45.7 % 35.7 35.4 0.8 % Catastrophe losses After tax 4.8 3.5 37.1 % 66.7 41.1 62.3 % Before tax 6.1 4.4 38.6 % 84.4 52.0 62.3 % Prior years reserves favorable development, before tax Automobile N.M. 2.0 5.5 -63.6 % Property and other 1.0 N.M. 8.2 2.0 N.M. Total 1.0 N.M. 10.2 7.5 36.0 % Operating statistics: Loss and loss adjustment expense ratio 61.9 % 62.9 % -1.0 pts 66.3 % 69.6 % -3.3 pts Expense ratio 28.3 % 27.4 % 0.9 pts 26.4 % 26.9 % -0.5 pts Combined ratio 90.2 % 90.3 % -0.1 pts 92.7 % 96.5 % -3.8 pts Effect on the combined ratio of: Catastrophe losses 3.8 % 2.6 % 1.2 pts 13.0 % 7.6 % 5.4 pts Prior years (favorable) reserve development -0.6 % % -0.6 pts -1.6 % -1.1 % -0.5 pts Combined ratio excluding the effects of catastrophe losses and prior years reserve development (underlying combined ratio)* 87.0 % 87.7 % -0.7 pts 81.3 % 90.0 % -8.7 pts Risks in force (in thousands) 583 627 -7.0 % Automobile (1) 399 433 -7.9 % Property 184 194 -5.2 % Policy renewal rate - 12 months Automobile 81.2 % 81.1 % 0.1 pts Property 86.8 % 87.1 % -0.3 pts N.M. - Not meaningful. (1) Includes assumed risks in force of 4. HORACE MANN EDUCATORS CORPORATION Business Segment Overview (Unaudited) ($ in Millions) Three Months Ended December 31, Twelve Months Ended December 31, 2020 2019 Change 2020 2019 (1) Change (1) SUPPLEMENTAL Premiums and contract charges earned $ 31.9 $ 32.9 -3.0 % $ 130.7 $ 65.8 N/A Net investment income 6.0 3.8 57.9 % 17.8 7.5 N/A Other income 0.7 0.8 -12.5 % 2.7 1.4 N/A Benefits 9.6 10.6 -9.4 % 38.2 21.7 N/A Change in reserves (0.2) (0.6) 66.7 % 4.7 3.0 N/A Interest credited % 0.2 N/A Operating expenses (includes DAC unlocking and amortization expense) 10.1 9.9 2.0 % 40.4 20.4 N/A Intangible asset amortization expense 3.1 3.4 -8.8 % 12.6 6.6 N/A Income before income taxes 16.0 14.2 12.7 % 55.1 23.0 N/A Net income / core earnings* 12.5 11.1 12.6 % 43.1 18.0 N/A Benefits ratio (2) 29.5 % 30.4 % -0.9 pts 32.8 % 37.5 % N/A Operating expense ratio (3) 26.2 % 26.4 % -0.2 pts 26.7 % 27.3 % N/A Pretax profit margin (4) 41.5 % 37.9 % 3.6 pts 36.4 % 30.8 % N/A Premium persistency (rolling 12 months) 90.5 % 89.3 % 1.2 pts 90.5 % 89.3 % N/A N.M. - Not meaningful. (1) The acquisition of NTA closed on July 1, 2019. (2) Ratio of benefits plus change in reserves to earned premium. (3) Ratio of operating expenses to total revenues. (4) Ratio of income before taxes to total revenues. HORACE MANN EDUCATORS CORPORATION Business Segment Overview (Unaudited) ($ in Millions) Three Months Ended December 31, Twelve Months Ended December 31, 2020 2019 Change 2020 2019 Change RETIREMENT Contract deposits* $ 116.7 $ 117.9 -1.0 % $ 483.4 $ 462.5 4.5 % Variable 57.6 59.8 -3.7 % 226.2 217.3 4.1 % Fixed 59.1 58.1 1.7 % 257.2 245.2 4.9 % Contract charges earned 8.2 7.0 17.1 % 29.7 29.1 2.1 % Net investment income 37.9 33.5 13.1 % 132.5 174.7 -24.2 % Interest credited 14.2 16.4 -13.4 % 58.6 93.6 -37.4 % Net interest margin 23.7 17.1 38.6 % 73.9 81.1 -8.9 % Investment income - deposit asset on reinsurance 25.2 23.8 5.9 % 97.3 70.8 37.4 % Interest credited - Reinsured block 25.9 25.0 3.6 % 100.9 74.2 36.0 % Net interest margin - Reinsured block (0.7 ) (1.2 ) 41.7 % (3.6 ) (3.4 ) -5.9 % Other income 4.2 4.0 5.0 % 16.3 17.4 -6.3 % Mortality loss and other reserve changes (1.2 ) (2.6 ) 53.8 % (5.3 ) (5.3 ) % Operating expenses (includes DAC unlocking and amortization expense) 20.6 22.4 -8.0 % 77.0 90.5 -14.9 % Intangible asset amortization expense 0.4 0.5 -20.0 % 1.8 2.2 -18.2 % Other expense - goodwill and intangible asset impairments 10.0 N.M. 10.0 28.0 -64.3 % Income (loss) before income taxes 3.2 1.4 N.M. 22.2 (1.8 ) N.M. Net income (loss) 3.5 2.1 66.7 % 20.1 (4.8 ) N.M. Core earnings 11.6 2.1 N.M. 28.2 23.2 21.6 % Pretax income increase (decrease) due to evaluation of: Deferred policy acquisition costs $ 0.5 $ 0.1 N.M. $ 1.8 $ (3.5 ) N.M. Guaranteed minimum death benefit reserve 0.1 N.M. 0.1 0.1 % Retirement contracts in force (in thousands) 230 229 0.4 % Annuity accumulated account value on deposit / Assets under management $ 4,841.8 $ 4,379.6 10.6 % Variable (1) 2,139.3 1,782.7 20.0 % Fixed 2,702.5 2,596.9 4.1 % Annuity accumulated value retention - 12 months Variable accumulations 95.0 % 94.7 % 0.3 pts Fixed accumulations 94.7 % 94.0 % 0.7 pts LIFE Premiums and contract deposits* $ 30.8 $ 30.7 0.3 % $ 110.1 $ 113.2 -2.7 % Premiums and contract charges earned 32.2 29.6 8.8 % 120.2 119.6 0.5 % Net investment income 20.4 17.2 18.6 % 69.8 72.0 -3.1 % Other income 0.1 0.2 -50.0 % 0.2 0.4 -50.0 % Death benefits/mortality cost/change in reserves 25.2 18.8 34.0 % 89.7 79.5 12.8 % Interest credited 11.2 11.3 -0.9 % 44.9 45.0 -0.2 % Operating expenses (includes DAC unlocking and amortization expense) 11.6 12.2 -4.9 % 42.7 45.7 -6.6 % Income before income taxes 4.7 4.7 % 12.9 21.8 -40.8 % Net income / core earnings* 3.6 4.0 -10.0 % 10.4 17.6 -40.9 % Pretax income increase (decrease) due to evaluation of: Deferred policy acquisition costs $ (0.2 ) $ 0.2 N.M. $ 0.3 $ 0.3 % Life policies in force (in thousands) 202 201 0.5 % Life insurance in force $ 19,821 $ 19,180 3.3 % Lapse ratio - 12 months (Ordinary life insurance) 4.2 % 4.6 % -0.4 pts N.M. - Not meaningful. (1) Amount reported as of December 31, 2020 excludes $752.1 of assets under management held under modified coinsurance reinsurance. HORACE MANN EDUCATORS CORPORATION Business Segment Overview (Unaudited) ($ in Millions) Three Months Ended December 31, Twelve Months Ended December 31, 2020 2019 Change 2020 2019 % Change CORPORATE AND OTHER (1) Components of income (loss) before tax: Net investment gains (losses) $ 10.5 $ 1.7 N.M. $ (2.3 ) $ 153.3 N.M. Interest expense (3.5 ) (4.1 ) 14.6 % (14.8 ) (14.3 ) -3.5 % Other operating expenses, net investment income and other income (0.5 ) (2.5 ) 80.0 % (5.4 ) (12.3 ) 56.1 % Income (loss) before income taxes 6.5 (4.9 ) N.M. (22.5 ) 126.7 N.M. Net income (loss) 5.4 (4.2 ) N.M. (16.8 ) 99.3 N.M. INVESTMENTS Retirement and Life Fixed maturity securities, at fair value (amortized cost 2020, $4,458.1; 2019, $4,151.1) $ 4,896.6 $ 4,427.0 10.6 % Equity securities, at fair value 82.9 79.4 4.4 % Short-term investments 125.8 113.6 10.7 % Policy loans 149.3 152.7 -2.2 % Limited partnership interests 276.6 253.1 9.3 % Other investments 51.5 34.8 48.0 % Total Retirement and Life investments 5,582.7 5,060.6 10.3 % Property and Casualty Fixed maturity securities, at fair value (amortized cost 2020, $789.5; 2019, $846.8) 867.2 899.5 -3.6 % Equity securities, at fair value 31.7 21.1 50.2 % Short-term investments 6.8 0.2 N.M. Limited partnership interests 136.1 114.5 18.9 % Other investments 1.1 1.0 10.0 % Total Property and Casualty investments 1,042.9 1,036.3 0.6 % Supplemental Fixed maturity securities, at fair value (amortized cost 2020, $541.0; 2019, $459.1) 581.5 465.2 25.0 % Equity securities, at fair value 6.0 1.4 N.M. Short-term investments 6.4 57.5 -88.9 % Policy loans 0.8 0.8 % Limited partnership interests 36.3 16.0 126.9 % Other investments 1.8 N.M. Total Supplemental investments 632.8 540.9 17.0 % Corporate investments Equity securities, at fair value 1.0 N.M. Short-term investments 2.8 1.4 100.0 % Total Corporate investments 3.8 1.4 N.M. Total investments $ 7,262.2 $ 6,639.2 9.4 % Net investment income - investment portfolio Before tax $ 76.0 $ 62.0 22.6 % $ 260.3 $ 294.3 -11.6 % After tax 60.6 49.5 22.4 % 207.7 235.0 -11.6 % Investment income - deposit asset on reinsurance Before tax $ 25.2 23.8 5.9 % $ 97.3 70.8 37.4 % After tax 19.9 18.8 5.9 % 76.9 55.9 37.6 % N.M. - Not meaningful. (1) The Corporate and Other segment includes interest expense on debt and the impact of investment gains and losses and other corporate level items. The Company does not allocate the impact of corporate level transactions to the insurance segments consistent with how management evaluates the results of those segments.
edtsum852
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: FISHERS, Ind.--(BUSINESS WIRE)--The Board of Directors of First Internet Bancorp (the Company) (Nasdaq: INBK) has declared a quarterly cash dividend of $0.06 per common share. The dividend will be payable on April 15, 2021 to shareholders of record at the close of business on March 31, 2021. The declaration and amount of any future cash dividends will be subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Companys results of operations, financial condition, capital requirements, regulatory and contractual restrictions, business strategy and other factors deemed relevant by the Board of Directors. About First Internet Bancorp First Internet Bancorp is a bank holding company with assets of $4.2 billion as of December 31, 2020. The Companys subsidiary, First Internet Bank, opened for business in 1999 as an industry pioneer in the branchless delivery of banking services. The Bank provides consumer and small business deposit, consumer loan, residential mortgage, and specialty finance services nationally as well as commercial real estate loans, commercial and industrial loans, SBA financing and treasury management services in select geographies. First Internet Bancorps common stock trades on the Nasdaq Global Select Market under the symbol INBK and is a component of the Russell 2000 Index. Additional information about the Company is available at www.firstinternetbancorp.com and additional information about the Bank, including its products and services, is available at www.firstib.com. Answer:
First Internet Bancorp to Pay Cash Dividend
FISHERS, Ind.--(BUSINESS WIRE)--The Board of Directors of First Internet Bancorp (the Company) (Nasdaq: INBK) has declared a quarterly cash dividend of $0.06 per common share. The dividend will be payable on April 15, 2021 to shareholders of record at the close of business on March 31, 2021. The declaration and amount of any future cash dividends will be subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Companys results of operations, financial condition, capital requirements, regulatory and contractual restrictions, business strategy and other factors deemed relevant by the Board of Directors. About First Internet Bancorp First Internet Bancorp is a bank holding company with assets of $4.2 billion as of December 31, 2020. The Companys subsidiary, First Internet Bank, opened for business in 1999 as an industry pioneer in the branchless delivery of banking services. The Bank provides consumer and small business deposit, consumer loan, residential mortgage, and specialty finance services nationally as well as commercial real estate loans, commercial and industrial loans, SBA financing and treasury management services in select geographies. First Internet Bancorps common stock trades on the Nasdaq Global Select Market under the symbol INBK and is a component of the Russell 2000 Index. Additional information about the Company is available at www.firstinternetbancorp.com and additional information about the Bank, including its products and services, is available at www.firstib.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: OAKLAND, Calif., Jan. 7, 2021 /PRNewswire/ --Fast-growing San Francisco food business, Don Bugito, purveyor of planet-friendly protein snacks, is the latest high-growth small business tojointhe ICA investment portfolio. Founded by Monica Martinez, Don Bugito produces edible insect snacks inspired by Pre-Columbian Mexican cuisine.ICA just closed a $200K investment in Don Bugito, as part of our mission to accelerate great businesses to close the racial and gender wealth gaps. Continue Reading Don Bugito makes a variety of insects snacks. Monica Martinez pitches her company, Don Bugito, at the 2020 ICA Pitch Event. Don Bugito was born in 2010 after Monica Martinez, an industrial designer by training, saw an opportunity to address the growing demand for sustainable protein while celebrating her cultural heritage. Her company champions the use of "bugitos" like crickets and mealworms, combined with traditional spices found in Native American and Mexican cuisine. Today, Don Bugito's product line includes Chile Lime Crickets, Spicy Bugitos, Granola Bites powered with insect protein powder, and even baking flour made of insects. "ICA will offer Don Bugito the required fuel to propel us to the next stage. With this investment we will be able to grow our team, expand our farm operations, and increase our sales nationally," said Don Bugito founder, Monica Martinez. "2020 has been a hard year for everyone but we are thrilled to end the year with ICA's investment, and we are looking forward to growing and expanding in 2021," she added.ICA's investment is part of the San Francisco Entrepreneurs of Color Fund (EOCF), a collaborative investment fund that partners with local Community Development Financial Institutions to deploy capital to entrepreneurs of color, with an emphasis on underinvested Latinx- and Black-owned businesses. Don Bugito joins Red Bay Coffee and Onigilly, as EOCF-funded ICA investments. EOCF is supported by JPMorgan Chase, which provided a $3.1 million philanthropic investment to expand the EOCF model to San Francisco in 2018 and help local underserved entrepreneurs access to the capital they need to grow.If Monica looks familiar, that's because she pitched at ICA's 2020 Pitch Event after completing the Accelerator at ICA. Before working with ICA, she participated in La Cocina's food incubator program in San Francisco, and worked with Kitchentown, a Bay Area commissary kitchen that helps food entrepreneurs scale their products."ICA is thrilled to invest in founder and super-entrepreneur Monica Martinez with $200,000 of patient capital to fund Don Bugito's ongoing development and expansion," said ICA's Chief Investment Officer, John Gough. "When they receive the capital and coaching they need, small businesses like Monica's add new good jobs and create wealth for their owners and workers," he added.ICA's investment will allow Don Bugito to expand its farming operations and, eventually, to meet Monica's goal of complete vertical integration across the entire product portfolio. Under Monica's leadership Don Bugito was a first-mover in the fast-growing insect protein market. Vertical integration is the next step for Don Bugito, allowing the company to scale, while eliminating waste. The insect market is expanding rapidly due in large part to the sustainability of cultivating insect which can be grown with limited natural resources and a relatively small environmental footprint,Don Bugito's snacks are delicious, and healthy too the insects are rich in Omega-3 fatty acids, non-GMO, grain, oil and cholesterol-free, and have great taste and texture.Don Bugito is on track to double its workforce in 2021and currently employs a team that is majority people of color. Monica is committed to creating wealth-building opportunities in parallel with the company's growth."ICA's investment in Monica demonstrates our strategy to support under-capitalized entrepreneurs poised for growth," said John Gough. "As we raise a new investment fund, we're looking forward to continued growth for ICA and our portfolio of companies."You can find Don Bugito products in stores throughout the country, or shop online at donbugito.com. To read more about ICA, our investments, our programs, and our companies visit ica.fund.About Don BugitoDon Bugito, the Prehispanic Snackeria, is a San Francisco company focused on planet-friendly protein snacks, featuring delicious edible insects in savory and sweet flavors. Founded by Monica Martinez, Don Bugito focuses on treats inspired by Pre-Columbian Mexican cuisine and works toward re-inventing ancestral food for the modern health-conscious market.About ICAICAaccelerates great businesses through mentoring and investments to close the racial and gender wealth gaps. A 501(c)3 organization with a vision of creating an economy that works for all, ICA supports growth-stage small businesses, led by people of color and women in the Bay Area, by providing capital, coaching, and connections to help them grow the value of their businesses, add good jobs, and create wealth.Contact:John Gough, Chief Investment Officer[emailprotected](406) 607-0123SOURCE ICA Answer:
ICA invests $200,000 to Accelerate Insect Snack Maker Oakland-based nonprofit venture capital fund, ICA, invests $200K of patient capital in sustainable insect snack maker, Don Bugito.
OAKLAND, Calif., Jan. 7, 2021 /PRNewswire/ --Fast-growing San Francisco food business, Don Bugito, purveyor of planet-friendly protein snacks, is the latest high-growth small business tojointhe ICA investment portfolio. Founded by Monica Martinez, Don Bugito produces edible insect snacks inspired by Pre-Columbian Mexican cuisine.ICA just closed a $200K investment in Don Bugito, as part of our mission to accelerate great businesses to close the racial and gender wealth gaps. Continue Reading Don Bugito makes a variety of insects snacks. Monica Martinez pitches her company, Don Bugito, at the 2020 ICA Pitch Event. Don Bugito was born in 2010 after Monica Martinez, an industrial designer by training, saw an opportunity to address the growing demand for sustainable protein while celebrating her cultural heritage. Her company champions the use of "bugitos" like crickets and mealworms, combined with traditional spices found in Native American and Mexican cuisine. Today, Don Bugito's product line includes Chile Lime Crickets, Spicy Bugitos, Granola Bites powered with insect protein powder, and even baking flour made of insects. "ICA will offer Don Bugito the required fuel to propel us to the next stage. With this investment we will be able to grow our team, expand our farm operations, and increase our sales nationally," said Don Bugito founder, Monica Martinez. "2020 has been a hard year for everyone but we are thrilled to end the year with ICA's investment, and we are looking forward to growing and expanding in 2021," she added.ICA's investment is part of the San Francisco Entrepreneurs of Color Fund (EOCF), a collaborative investment fund that partners with local Community Development Financial Institutions to deploy capital to entrepreneurs of color, with an emphasis on underinvested Latinx- and Black-owned businesses. Don Bugito joins Red Bay Coffee and Onigilly, as EOCF-funded ICA investments. EOCF is supported by JPMorgan Chase, which provided a $3.1 million philanthropic investment to expand the EOCF model to San Francisco in 2018 and help local underserved entrepreneurs access to the capital they need to grow.If Monica looks familiar, that's because she pitched at ICA's 2020 Pitch Event after completing the Accelerator at ICA. Before working with ICA, she participated in La Cocina's food incubator program in San Francisco, and worked with Kitchentown, a Bay Area commissary kitchen that helps food entrepreneurs scale their products."ICA is thrilled to invest in founder and super-entrepreneur Monica Martinez with $200,000 of patient capital to fund Don Bugito's ongoing development and expansion," said ICA's Chief Investment Officer, John Gough. "When they receive the capital and coaching they need, small businesses like Monica's add new good jobs and create wealth for their owners and workers," he added.ICA's investment will allow Don Bugito to expand its farming operations and, eventually, to meet Monica's goal of complete vertical integration across the entire product portfolio. Under Monica's leadership Don Bugito was a first-mover in the fast-growing insect protein market. Vertical integration is the next step for Don Bugito, allowing the company to scale, while eliminating waste. The insect market is expanding rapidly due in large part to the sustainability of cultivating insect which can be grown with limited natural resources and a relatively small environmental footprint,Don Bugito's snacks are delicious, and healthy too the insects are rich in Omega-3 fatty acids, non-GMO, grain, oil and cholesterol-free, and have great taste and texture.Don Bugito is on track to double its workforce in 2021and currently employs a team that is majority people of color. Monica is committed to creating wealth-building opportunities in parallel with the company's growth."ICA's investment in Monica demonstrates our strategy to support under-capitalized entrepreneurs poised for growth," said John Gough. "As we raise a new investment fund, we're looking forward to continued growth for ICA and our portfolio of companies."You can find Don Bugito products in stores throughout the country, or shop online at donbugito.com. To read more about ICA, our investments, our programs, and our companies visit ica.fund.About Don BugitoDon Bugito, the Prehispanic Snackeria, is a San Francisco company focused on planet-friendly protein snacks, featuring delicious edible insects in savory and sweet flavors. Founded by Monica Martinez, Don Bugito focuses on treats inspired by Pre-Columbian Mexican cuisine and works toward re-inventing ancestral food for the modern health-conscious market.About ICAICAaccelerates great businesses through mentoring and investments to close the racial and gender wealth gaps. A 501(c)3 organization with a vision of creating an economy that works for all, ICA supports growth-stage small businesses, led by people of color and women in the Bay Area, by providing capital, coaching, and connections to help them grow the value of their businesses, add good jobs, and create wealth.Contact:John Gough, Chief Investment Officer[emailprotected](406) 607-0123SOURCE ICA
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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 "Industrial Refrigeration Systems Market Research Report: By Equipment Type, Refrigerant Type, Application - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering. The major factors driving the growth of the industrial refrigeration systems market are the expansion of the food and beverage processing sector in emerging economies, the advance of the cold chain industry, and the rise in the demand for refrigeration solutions among pharmaceutical and chemical companies. As a result of all these factors, the industry is expected to grow from $26.8 billion in 2019 to $41.1 billion in 2030, witnessing a CAGR of 5.0% between 2020 and 2030 (forecast period). Condensers, controls, evaporators, and compressors are the various categories under the equipment type segment. Among these, the compressor category led the industrial refrigeration systems market during the historical period (2014-2019). Being the component that actually provides the cooling, compressors account for anywhere between 25% and 35% of the cost of a complete refrigeration unit designed for industries. In the coming years, the controls category would grow the fastest, as the demand for energy efficiency and operational cost savings is driving the installation of control systems. The divisions under the refrigerant type segment of the industrial refrigeration systems market are hydrofluorocarbon (HFC), ammonia (NH3), and carbon dioxide (CO2). During the forecast period, the highest CAGR is projected to be witnessed by the CO2 category, as the gas is non-flammable, as well as less toxic. Termed as a natural refrigerant, the gas causes extremely little harm to the environment, if it is accidentally released from the refrigeration system. The adoption of eco-friendly refrigerants, such as CO2, is one of the key trends in the market presently. Owing to the high rate of ozone depletion, several laws have been implemented around the world to replace conventional refrigerants with natural and environment-friendly variants. For instance, the F-Gas Regulation of the European Union, which came into force in 2015, seeks to do away with the use of high-global-warming-potential (GWP) gases as refrigerants. The growth of the food and beverage processing industry in emerging economies is a significant reason for the industrial refrigeration systems market growth. With the increasing demand for processed and ready-to-eat products, food processing firms are seeing brisk business in developing countries. For instance, the food and beverage processing industry of India, which is the fifth-largest in the world, is receiving government support under the Make in India initiative. Under its 11th and 12th five-year plans, the central government has sanctioned the development of 40 mega food parks. Another reason the market for industrial refrigeration systems is expanding is the increasing demand for such systems in the pharmaceutical and chemical sectors. Refrigeration is quite important in the pharma, refining, and petrochemical sectors, as the products here need to be stored at specific temperatures to prevent spoilage. For instance, biologics, drugs, and certain medical devices need to be stored at low temperatures. With the increasing prevalence of various diseases, the demand for drugs is rising, thereby driving the demand for refrigeration solutions in the pharma industry. During the historical period, Asia-Pacific (APAC) was the largest industrial refrigeration system market, and it will also advance the fastest during the forecast period. This is attributed to the growth of the cold chain, where refrigeration is everything. For long-distance transportation of medical, chemical, and agricultural goods, it is imperative they remain refrigerated. The Indian government announced plans to execute 27 new integrated cold chain projects, worth $67.1 million (INR 743 crore), in September 2020. Market Dynamics Trends Drivers Restraints Opportunities Companies Mentioned For more information about this report visit https://www.researchandmarkets.com/r/yj9d9c Answer:
Global Industrial Refrigeration Systems Market(2020 to 2030) - by Equipment Type, Refrigerant Type and Application - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Industrial Refrigeration Systems Market Research Report: By Equipment Type, Refrigerant Type, Application - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering. The major factors driving the growth of the industrial refrigeration systems market are the expansion of the food and beverage processing sector in emerging economies, the advance of the cold chain industry, and the rise in the demand for refrigeration solutions among pharmaceutical and chemical companies. As a result of all these factors, the industry is expected to grow from $26.8 billion in 2019 to $41.1 billion in 2030, witnessing a CAGR of 5.0% between 2020 and 2030 (forecast period). Condensers, controls, evaporators, and compressors are the various categories under the equipment type segment. Among these, the compressor category led the industrial refrigeration systems market during the historical period (2014-2019). Being the component that actually provides the cooling, compressors account for anywhere between 25% and 35% of the cost of a complete refrigeration unit designed for industries. In the coming years, the controls category would grow the fastest, as the demand for energy efficiency and operational cost savings is driving the installation of control systems. The divisions under the refrigerant type segment of the industrial refrigeration systems market are hydrofluorocarbon (HFC), ammonia (NH3), and carbon dioxide (CO2). During the forecast period, the highest CAGR is projected to be witnessed by the CO2 category, as the gas is non-flammable, as well as less toxic. Termed as a natural refrigerant, the gas causes extremely little harm to the environment, if it is accidentally released from the refrigeration system. The adoption of eco-friendly refrigerants, such as CO2, is one of the key trends in the market presently. Owing to the high rate of ozone depletion, several laws have been implemented around the world to replace conventional refrigerants with natural and environment-friendly variants. For instance, the F-Gas Regulation of the European Union, which came into force in 2015, seeks to do away with the use of high-global-warming-potential (GWP) gases as refrigerants. The growth of the food and beverage processing industry in emerging economies is a significant reason for the industrial refrigeration systems market growth. With the increasing demand for processed and ready-to-eat products, food processing firms are seeing brisk business in developing countries. For instance, the food and beverage processing industry of India, which is the fifth-largest in the world, is receiving government support under the Make in India initiative. Under its 11th and 12th five-year plans, the central government has sanctioned the development of 40 mega food parks. Another reason the market for industrial refrigeration systems is expanding is the increasing demand for such systems in the pharmaceutical and chemical sectors. Refrigeration is quite important in the pharma, refining, and petrochemical sectors, as the products here need to be stored at specific temperatures to prevent spoilage. For instance, biologics, drugs, and certain medical devices need to be stored at low temperatures. With the increasing prevalence of various diseases, the demand for drugs is rising, thereby driving the demand for refrigeration solutions in the pharma industry. During the historical period, Asia-Pacific (APAC) was the largest industrial refrigeration system market, and it will also advance the fastest during the forecast period. This is attributed to the growth of the cold chain, where refrigeration is everything. For long-distance transportation of medical, chemical, and agricultural goods, it is imperative they remain refrigerated. The Indian government announced plans to execute 27 new integrated cold chain projects, worth $67.1 million (INR 743 crore), in September 2020. Market Dynamics Trends Drivers Restraints Opportunities Companies Mentioned For more information about this report visit https://www.researchandmarkets.com/r/yj9d9c
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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 "Psychedelic Drugs Market, By Drugs (LSD, Ecstasy, Phencyclidine, GHB, Ketamine, Ayahuasca, Psilocybin), Route of Administration (Oral, Injectable, Inhalation), Distribution Channel, End-Users, Application and Geography - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering. The Psychedelic Drugs Market size is projected to reach USD 10.75 Bn by 2027, from USD 4.75 Bn in 2020 growing at a CAGR of 12.36% during 2021-2027. The Psychedelic Drugs Market research report provides an in-depth overview of the industry including market segmentation by drugs, route of administration, distribution channel, end-users, application and geography. Analysis of the global market with special focus on high growth application in each vertical and fast-growing market segments. It includes detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and top players rankings. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, game-changing developments such as product launches and acquisitions. The objective of this study is to identify the market opportunities and estimate market size by segments and countries for last few years and to forecast the values to the next five years. The report incorporates both the qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. The report also covers qualitative analysis on the market, by incorporating complete pricing and cost analysis of components & products, Porter's analysis and PEST (Political, Economic, Social & Technological factor) analysis of the market. The report also profiles all major companies active in this field. Psychedelic Drugs Market Scope and Market Size Psychedelic Drugs market is segmented by region and further by countries, drugs, route of administration, distribution channel, end-users, and application. Players, stakeholders, and other participants in the Global Psychedelic Drugs Market will be able to gain a strong position as this report will surely benefit their marketing strategies. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue and forecast for the period 2015-2026. The research covers the current and historic psychedelic drugs market size and its growth trend with company outline of key players/manufacturers: The Emmes Company, Klarisana, AstraZeneca, F. Hoffmann-La Roche Ltd, Dr. Reddy's Laboratories Ltd, Takeda Pharmaceutical Company Limited, Pfizer Inc, Mylan N.V. , Merck & Co., Inc, Alkermes, and ALLERGAN among others. Report further studies the market development status and future of psychedelic drugs market trend across the world. Also, it splits Psychedelic Drugs Market Segmentation by drugs, route of administration, distribution channel, end-users, application and region to deep dive research and reveals market profile and prospects. Key Topics Covered: 1. EXECUTIVE SUMMARY 2. INTRODUCTION 2.1. Key Takeaways 2.2. Report Description 2.3. Market Scope & Definition 2.4. Stakeholders 2.5. Research Methodology 3. MARKET OVERVIEW 3.1. Industry Segmentation 3.2. Market Trends Analysis 3.3. Major Funding & Investments 3.4. Market Dynamics 3.4.1. Drivers 3.4.2. Restraints 3.4.3. Opportunities 3.5. Value Chain Analysis 3.6. Pricing Analysis 4. IMPACT OF COVID-19 ON PSYCHEDELIC DRUGS MARKET 4.1. Impact Of COVID-19 On Psychedelic Drugs Market By Drugs 4.2. Impact Of COVID-19 On Psychedelic Drugs Market By Route of Administration 4.3. Impact Of COVID-19 On Psychedelic Drugs Market By Distribution Channel 4.4. Impact Of COVID-19 On Psychedelic Drugs Market By End-Users 4.5. Impact Of COVID-19 On Psychedelic Drugs Market By Application 4.6. Impact Of COVID-19 On Psychedelic Drugs Market By Region 5. PSYCHEDELIC DRUGS MARKET, BY DRUGS 5.1. Introduction 5.2. Lysergic Acid Diethylamide (LSD) 5.3. 3,4-MethylEnedioxyMethamphetamine (Ecstasy) 5.4. Phencyclidine 5.5. Gamma Hydroxybutyric Acid (GHB) 5.6. Ketamine 5.7. Ayahuasca 5.8. Salvia 5.9. Psilocybin 5.10. Others 6. PSYCHEDELIC DRUGS MARKET, BY ROUTE OF ADMINISTRATION 6.1. Oral 6.2. Injectable 6.3. Inhalation 7. PSYCHEDELIC DRUGS MARKET, BY DISTRIBUTION CHANNEL 7.1. Direct Retailers 7.2. Online Pharmacies 7.3. Others 8. PSYCHEDELIC DRUGS MARKET, BY END-USERS 8.1. Hospitals 8.2. Homecare 8.3. Specialty Clinics 8.4. Others 9. PSYCHEDELIC DRUGS MARKET, BY APPLICATION 9.1. Major Depressive Disorder 9.2. Resistant depression 9.3. Panic disorder 9.4. Post-traumatic stress disorder 9.5. Opiate Addiction 9.6. Others 10. PSYCHEDELIC DRUGS MARKET, BY GEOGRAPHY 10.1. North America 10.1.1. U.S. 10.1.2. Canada 10.2. Europe 10.2.1. Germany 10.2.2. U.K. 10.2.3. France 10.2.4. Rest of Europe 10.3. Asia Pacific 10.3.1. China 10.3.2. Japan 10.3.3. India 10.3.4. Rest Of Asia Pacific 10.4. Rest of the World 10.4.1. Middle East 10.4.2. Africa 11. COMPETITIVE ANALYSIS 11.1. Introduction 11.2. Top Companies Ranking 11.3. Market Share Analysis 11.4. Recent Developments 11.4.1. New Product Launch 11.4.2. Mergers & Acquisitions 11.4.3. Collaborations, Partnerships & Agreements 11.4.4. Rewards & Recognition 12. COMPANY PROFILES For more information about this report visit https://www.researchandmarkets.com/r/gu17yl Answer:
Global Psychedelic Drugs Market Report 2020: Focus on LSD, Ecstasy, Phencyclidine, GHB, Ketamine, Ayahuasca, Psilocybin - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Psychedelic Drugs Market, By Drugs (LSD, Ecstasy, Phencyclidine, GHB, Ketamine, Ayahuasca, Psilocybin), Route of Administration (Oral, Injectable, Inhalation), Distribution Channel, End-Users, Application and Geography - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering. The Psychedelic Drugs Market size is projected to reach USD 10.75 Bn by 2027, from USD 4.75 Bn in 2020 growing at a CAGR of 12.36% during 2021-2027. The Psychedelic Drugs Market research report provides an in-depth overview of the industry including market segmentation by drugs, route of administration, distribution channel, end-users, application and geography. Analysis of the global market with special focus on high growth application in each vertical and fast-growing market segments. It includes detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and top players rankings. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, game-changing developments such as product launches and acquisitions. The objective of this study is to identify the market opportunities and estimate market size by segments and countries for last few years and to forecast the values to the next five years. The report incorporates both the qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. The report also covers qualitative analysis on the market, by incorporating complete pricing and cost analysis of components & products, Porter's analysis and PEST (Political, Economic, Social & Technological factor) analysis of the market. The report also profiles all major companies active in this field. Psychedelic Drugs Market Scope and Market Size Psychedelic Drugs market is segmented by region and further by countries, drugs, route of administration, distribution channel, end-users, and application. Players, stakeholders, and other participants in the Global Psychedelic Drugs Market will be able to gain a strong position as this report will surely benefit their marketing strategies. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue and forecast for the period 2015-2026. The research covers the current and historic psychedelic drugs market size and its growth trend with company outline of key players/manufacturers: The Emmes Company, Klarisana, AstraZeneca, F. Hoffmann-La Roche Ltd, Dr. Reddy's Laboratories Ltd, Takeda Pharmaceutical Company Limited, Pfizer Inc, Mylan N.V. , Merck & Co., Inc, Alkermes, and ALLERGAN among others. Report further studies the market development status and future of psychedelic drugs market trend across the world. Also, it splits Psychedelic Drugs Market Segmentation by drugs, route of administration, distribution channel, end-users, application and region to deep dive research and reveals market profile and prospects. Key Topics Covered: 1. EXECUTIVE SUMMARY 2. INTRODUCTION 2.1. Key Takeaways 2.2. Report Description 2.3. Market Scope & Definition 2.4. Stakeholders 2.5. Research Methodology 3. MARKET OVERVIEW 3.1. Industry Segmentation 3.2. Market Trends Analysis 3.3. Major Funding & Investments 3.4. Market Dynamics 3.4.1. Drivers 3.4.2. Restraints 3.4.3. Opportunities 3.5. Value Chain Analysis 3.6. Pricing Analysis 4. IMPACT OF COVID-19 ON PSYCHEDELIC DRUGS MARKET 4.1. Impact Of COVID-19 On Psychedelic Drugs Market By Drugs 4.2. Impact Of COVID-19 On Psychedelic Drugs Market By Route of Administration 4.3. Impact Of COVID-19 On Psychedelic Drugs Market By Distribution Channel 4.4. Impact Of COVID-19 On Psychedelic Drugs Market By End-Users 4.5. Impact Of COVID-19 On Psychedelic Drugs Market By Application 4.6. Impact Of COVID-19 On Psychedelic Drugs Market By Region 5. PSYCHEDELIC DRUGS MARKET, BY DRUGS 5.1. Introduction 5.2. Lysergic Acid Diethylamide (LSD) 5.3. 3,4-MethylEnedioxyMethamphetamine (Ecstasy) 5.4. Phencyclidine 5.5. Gamma Hydroxybutyric Acid (GHB) 5.6. Ketamine 5.7. Ayahuasca 5.8. Salvia 5.9. Psilocybin 5.10. Others 6. PSYCHEDELIC DRUGS MARKET, BY ROUTE OF ADMINISTRATION 6.1. Oral 6.2. Injectable 6.3. Inhalation 7. PSYCHEDELIC DRUGS MARKET, BY DISTRIBUTION CHANNEL 7.1. Direct Retailers 7.2. Online Pharmacies 7.3. Others 8. PSYCHEDELIC DRUGS MARKET, BY END-USERS 8.1. Hospitals 8.2. Homecare 8.3. Specialty Clinics 8.4. Others 9. PSYCHEDELIC DRUGS MARKET, BY APPLICATION 9.1. Major Depressive Disorder 9.2. Resistant depression 9.3. Panic disorder 9.4. Post-traumatic stress disorder 9.5. Opiate Addiction 9.6. Others 10. PSYCHEDELIC DRUGS MARKET, BY GEOGRAPHY 10.1. North America 10.1.1. U.S. 10.1.2. Canada 10.2. Europe 10.2.1. Germany 10.2.2. U.K. 10.2.3. France 10.2.4. Rest of Europe 10.3. Asia Pacific 10.3.1. China 10.3.2. Japan 10.3.3. India 10.3.4. Rest Of Asia Pacific 10.4. Rest of the World 10.4.1. Middle East 10.4.2. Africa 11. COMPETITIVE ANALYSIS 11.1. Introduction 11.2. Top Companies Ranking 11.3. Market Share Analysis 11.4. Recent Developments 11.4.1. New Product Launch 11.4.2. Mergers & Acquisitions 11.4.3. Collaborations, Partnerships & Agreements 11.4.4. Rewards & Recognition 12. COMPANY PROFILES For more information about this report visit https://www.researchandmarkets.com/r/gu17yl
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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: CALGARY, Alberta--(BUSINESS WIRE)--(TSE:IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president investor relations, Imperial Oil Limited, will host a 2020 Fourth Quarter Earnings Call on Tuesday, February 2, following the companys fourth quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast. During the call, Mr. Corson will offer brief remarks prior to taking questions from Imperials covering analysts. Please click here [https://edge.media-server.com/mmc/p/95hwd8dj] to register for the live webcast. The webcast will be available for one year on the companys website at www.imperialoil.ca/en-ca/company/investors. After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canadas energy resources. As Canadas largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business. Answer:
Imperial to hold 2020 Fourth Quarter Earnings Call
CALGARY, Alberta--(BUSINESS WIRE)--(TSE:IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president investor relations, Imperial Oil Limited, will host a 2020 Fourth Quarter Earnings Call on Tuesday, February 2, following the companys fourth quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast. During the call, Mr. Corson will offer brief remarks prior to taking questions from Imperials covering analysts. Please click here [https://edge.media-server.com/mmc/p/95hwd8dj] to register for the live webcast. The webcast will be available for one year on the companys website at www.imperialoil.ca/en-ca/company/investors. After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canadas energy resources. As Canadas largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.
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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: SUZHOU, China, and ROCKVILLE, Md., June 17, 2020 /PRNewswire/ -- Ascentage Pharma (6855.HK), a globally focused, clinical-stage biotechnology company engaged in developing novel therapies for cancers, chronic hepatitis B (CHB), and age-related diseases, today announced that the Phase II clinical study of the company's novel inhibitor of apoptosis proteins (IAP) antagonist APG-1387 in combination with entecavir for the treatment of patients with CHB has dosed its first patient in China. This global multi-center, open-label Phase II study is designed to evaluate the safety and efficacy of APG-1387 in combination with entecavir in patients with CHB who are treatment-naive or -experienced. The study is designed to enroll 104 patients with CHB globally. According to the 2017 Global Hepatitis Report by the World Health Organization[1], there were around 257 million patients with HBV (hepatitis B virus) infections globally, with approximately 650,000 deaths annually from HBV infection-induced hepatic failure, cirrhosis, and hepatocellular carcinoma. Standard of care treatments for HBV infection recommended by major international guidelines include entecavir, tenofovir disoproxil fumarate, tenofovir alafenamide, and long-acting interferon. However, the current available drugs can achieve clearance of hepatitis B surface antigen (HBsAg) and sustained post-treatment immune response only in a small proportion of patients, while most patients require long-term or even life-long treatments. As a result, there remains a significant unmet medical need for therapies that can effectively treat CHB and minimize the risk of disease progression within a limited duration of treatment. APG-1387 is a novel and highly specific IAP antagonist being developed by Ascentage Pharma. APG-1387 degrades IAPs by mimicking the endogenous second mitochondria-derived activator of caspases (SMAC) molecule to induce programmed cell death or apoptosis. In the course of HBV infection, the virus and inflammatory factors can facilitate molecular expression of cellular inhibitor of apoptosis proteins (cIAPs) in hepatocytes, inhibit cellular immune-mediated apoptosis, and promote the survival of infected hepatocytes, leading to persistent infections[2]. In addition, APG-1387 has demonstrated its ability to suppress and clear HBV infections in various in vivo and in vitro models. APG-1387 is the first IAP antagonist entering clinical stage in China. "Current treatment options for HBV infection are effective in suppressing viral replication, but much less effective in achieving clinical cure (clearance of HBsAg), necessitating long-term, and possibly life-time use of antiviral therapies," said Jinlin Hou, M.D., former President of the Society of Infectious Diseases of Chinese Medical Association (CMA), Director of Nanfang Hospital Liver Cancer of Southern Medical University (Guangzhou, China). "APG-1387 has the potential of clearing HBV infection in patients, and its unique mechanism has suggested a promising new approach to the treatment of CHB. Based on the favorable activity and safety observed in an earlier clinical study of single-agent APG-1387, we are initiating this global Phase II study of APG-1387 in combination with entecavir to further evaluate the therapeutic potential of this combination therapy." "At present, CHB still presents considerable unmet medical needs. As the first IAP antagonist entering clinical stage in China, APG-1387's unique mechanisms in inducing apoptosis and host immune modulations has the potential in delivering a cure to patients with HBV infections," said Dr. Yifan Zhai, Chief Medical Officer of Ascentage Pharma. "We hope our investigation of this combinational therapy will bring new approach to patients with CHB worldwide who are in urgent need for more effective therapies." References [1] WHO, Global Hepatitis Report 2017. [2] Ebert G., et al., Cellular inhibitor of apoptosis proteins prevent clearance of hepatitis B virus. Proc Natl Acad Sci, 2015.112(18): p. 5797-5802 About APG-1387 APG-1387 is a novel small molecule IAP (Inhibitor of Apoptosis Protein) antagonist, that was discovered and is being developed by Ascentage Pharma. APG-1387 degrades IAPs by mimicking endogenous SMAC molecule to induce programmed cell death or apoptosis. Ascentage Pharma is developing APG-1387 globally, and has completed Phase I dose-escalation trials in patients with solid tumors in China and Australia, and a Phase Ib/II clinical trial of APG-1387 and pembrolizumab combination is currently ongoing in the US. In addition, APG-1387 is also being investigated in a Phase Ib trial for the treatment of patients with Chronic Hepatitis B (CHB) in China. In February 2020, Ascentage Pharma was cleared to initiate a Phase Ib/II study of APG-1387 in combination with nab-paclitaxel plus gemcitabine for the treatment of advanced pancreatic cancer. In April 2020, the company received clearance for a Phase II study of APG-1387 in combination with entecavir for the treatment of CHB. About Ascentage Pharma Ascentage Pharma (6855.HK) is a globally, clinical-stage biotechnology company engaged in developing novel therapies for cancers, CHB, and age-related diseases. On October 28, 2019, Ascentage Pharma was listed on the Main Board of the Stock Exchange of Hong Kong Limited with the stock code: 6855.HK. Ascentage Pharma focuses on developing therapeutics that inhibit protein-protein interactions to restore apoptosis, or programmed cell death. The company has built a pipeline of eight clinical drug candidates, including novel, highly potent Bcl-2, and dual Bcl-2/Bcl-xL inhibitors, as well as candidates aimed at IAP and MDM2-p53 pathways, and next-generation tyrosine kinase inhibitors. Ascentage Pharma is also the only company in the world with active clinical programs targeting all three known classes of key apoptosis regulators. The company is conducting more than 30 Phase I/II clinical trials in the US, Australia, and China. The company's core drug candidate HQP1351 is in pivotal Phase II studies in China for the treatment of drug-resistant chronic myeloid leukemia, and recently granted orphan drug and fast-track designations by the US Food and Drug Administration (FDA). Forward-Looking Statements The forward-looking statements made in this article relate only to the events or information as of the date on which the statements are made in this article. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. You should read this article completely and with the understanding that our actual future results or performance may be materially different from what we expect. In this article, statements of, or references to, our intentions or those of any of our Directors or our Company are made as of the date of this article. Any of these intentions may alter in light of future development. SOURCE Ascentage Pharma Related Links www.healthquearma.com Answer:
Ascentage Pharma Announces First Patient Dosed in the Phase II Clinical Study of IAP Antagonist APG-1387 in Combination with Entecavir for the Treatment of Patients with Chronic Hepatitis B
SUZHOU, China, and ROCKVILLE, Md., June 17, 2020 /PRNewswire/ -- Ascentage Pharma (6855.HK), a globally focused, clinical-stage biotechnology company engaged in developing novel therapies for cancers, chronic hepatitis B (CHB), and age-related diseases, today announced that the Phase II clinical study of the company's novel inhibitor of apoptosis proteins (IAP) antagonist APG-1387 in combination with entecavir for the treatment of patients with CHB has dosed its first patient in China. This global multi-center, open-label Phase II study is designed to evaluate the safety and efficacy of APG-1387 in combination with entecavir in patients with CHB who are treatment-naive or -experienced. The study is designed to enroll 104 patients with CHB globally. According to the 2017 Global Hepatitis Report by the World Health Organization[1], there were around 257 million patients with HBV (hepatitis B virus) infections globally, with approximately 650,000 deaths annually from HBV infection-induced hepatic failure, cirrhosis, and hepatocellular carcinoma. Standard of care treatments for HBV infection recommended by major international guidelines include entecavir, tenofovir disoproxil fumarate, tenofovir alafenamide, and long-acting interferon. However, the current available drugs can achieve clearance of hepatitis B surface antigen (HBsAg) and sustained post-treatment immune response only in a small proportion of patients, while most patients require long-term or even life-long treatments. As a result, there remains a significant unmet medical need for therapies that can effectively treat CHB and minimize the risk of disease progression within a limited duration of treatment. APG-1387 is a novel and highly specific IAP antagonist being developed by Ascentage Pharma. APG-1387 degrades IAPs by mimicking the endogenous second mitochondria-derived activator of caspases (SMAC) molecule to induce programmed cell death or apoptosis. In the course of HBV infection, the virus and inflammatory factors can facilitate molecular expression of cellular inhibitor of apoptosis proteins (cIAPs) in hepatocytes, inhibit cellular immune-mediated apoptosis, and promote the survival of infected hepatocytes, leading to persistent infections[2]. In addition, APG-1387 has demonstrated its ability to suppress and clear HBV infections in various in vivo and in vitro models. APG-1387 is the first IAP antagonist entering clinical stage in China. "Current treatment options for HBV infection are effective in suppressing viral replication, but much less effective in achieving clinical cure (clearance of HBsAg), necessitating long-term, and possibly life-time use of antiviral therapies," said Jinlin Hou, M.D., former President of the Society of Infectious Diseases of Chinese Medical Association (CMA), Director of Nanfang Hospital Liver Cancer of Southern Medical University (Guangzhou, China). "APG-1387 has the potential of clearing HBV infection in patients, and its unique mechanism has suggested a promising new approach to the treatment of CHB. Based on the favorable activity and safety observed in an earlier clinical study of single-agent APG-1387, we are initiating this global Phase II study of APG-1387 in combination with entecavir to further evaluate the therapeutic potential of this combination therapy." "At present, CHB still presents considerable unmet medical needs. As the first IAP antagonist entering clinical stage in China, APG-1387's unique mechanisms in inducing apoptosis and host immune modulations has the potential in delivering a cure to patients with HBV infections," said Dr. Yifan Zhai, Chief Medical Officer of Ascentage Pharma. "We hope our investigation of this combinational therapy will bring new approach to patients with CHB worldwide who are in urgent need for more effective therapies." References [1] WHO, Global Hepatitis Report 2017. [2] Ebert G., et al., Cellular inhibitor of apoptosis proteins prevent clearance of hepatitis B virus. Proc Natl Acad Sci, 2015.112(18): p. 5797-5802 About APG-1387 APG-1387 is a novel small molecule IAP (Inhibitor of Apoptosis Protein) antagonist, that was discovered and is being developed by Ascentage Pharma. APG-1387 degrades IAPs by mimicking endogenous SMAC molecule to induce programmed cell death or apoptosis. Ascentage Pharma is developing APG-1387 globally, and has completed Phase I dose-escalation trials in patients with solid tumors in China and Australia, and a Phase Ib/II clinical trial of APG-1387 and pembrolizumab combination is currently ongoing in the US. In addition, APG-1387 is also being investigated in a Phase Ib trial for the treatment of patients with Chronic Hepatitis B (CHB) in China. In February 2020, Ascentage Pharma was cleared to initiate a Phase Ib/II study of APG-1387 in combination with nab-paclitaxel plus gemcitabine for the treatment of advanced pancreatic cancer. In April 2020, the company received clearance for a Phase II study of APG-1387 in combination with entecavir for the treatment of CHB. About Ascentage Pharma Ascentage Pharma (6855.HK) is a globally, clinical-stage biotechnology company engaged in developing novel therapies for cancers, CHB, and age-related diseases. On October 28, 2019, Ascentage Pharma was listed on the Main Board of the Stock Exchange of Hong Kong Limited with the stock code: 6855.HK. Ascentage Pharma focuses on developing therapeutics that inhibit protein-protein interactions to restore apoptosis, or programmed cell death. The company has built a pipeline of eight clinical drug candidates, including novel, highly potent Bcl-2, and dual Bcl-2/Bcl-xL inhibitors, as well as candidates aimed at IAP and MDM2-p53 pathways, and next-generation tyrosine kinase inhibitors. Ascentage Pharma is also the only company in the world with active clinical programs targeting all three known classes of key apoptosis regulators. The company is conducting more than 30 Phase I/II clinical trials in the US, Australia, and China. The company's core drug candidate HQP1351 is in pivotal Phase II studies in China for the treatment of drug-resistant chronic myeloid leukemia, and recently granted orphan drug and fast-track designations by the US Food and Drug Administration (FDA). Forward-Looking Statements The forward-looking statements made in this article relate only to the events or information as of the date on which the statements are made in this article. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. You should read this article completely and with the understanding that our actual future results or performance may be materially different from what we expect. In this article, statements of, or references to, our intentions or those of any of our Directors or our Company are made as of the date of this article. Any of these intentions may alter in light of future development. SOURCE Ascentage Pharma Related Links www.healthquearma.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: OSLO, Norway, Feb. 15, 2021 /PRNewswire/ -- Targovax ASA (OSE: TRVX), a clinical stage immune-oncology company developing immune activators to target hard-to-treat solid tumors, today announces that its lead clinical candidate ONCOS-102 has received Fast-Track designation in malignant pleural mesothelioma from the US FDA. The US FDA granted Fast-Track designation to ONCOS-102 based on encouraging pre-clinical and clinical efficacy associated with broad immune activation observed to date. Receiving this designation is an endorsement by the US FDA of the strength of the ONCOS-102 data package. The FDA Fast Track-designation is awarded to therapies with potential to address unmet medical needs in serious medical conditions and allows for more frequent interactions with the FDA to expedite clinical development, as well as the regulatory review processes. Fast-Track products have improved likelihood of receiving Priority Review for a future Biologics License Application (BLA) and may be allowed to submit parts of the application early to shorten review time. The Fast-Track approval comes in addition to ONCOS-102's existing Orphan Drug Designation (ODD) with both the US FDA and European EMA in the mesothelioma indication, which provides ONCOS-102 market exclusivity for 7 and 10 years in the USA and EU, respectively, from the date of BLA grant. Dr. Ingunn Munch Lindvig, VP Regulatory Affairs, said:"Securing this Fast-Track designation is a very important milestone for the ONCOS-102 program. Most importantly Fast-Track validates the strong potential of ONCOS-102 as a future treatment option for solid tumors with high unmet medical need". For further information, please contact:Renate Birkeli, Investor RelationsPhone: +47 922 61 624Email: [emailprotected] Media enquires:Andreas Tinglum - Corporate Communications (Norway)Phone: +47 9300 1773Email: [emailprotected] IR enquires:Kim Sutton Golodetz - LHA Investor Relations (US)Email: [emailprotected]Phone: +1 212-838-3777 This information was brought to you by Cision http://news.cision.com https://news.cision.com/targovax/r/targovax-receives-fast-track-designation-for-oncos-102,c3286718 SOURCE Targovax Answer:
Targovax receives Fast-Track designation for ONCOS-102
OSLO, Norway, Feb. 15, 2021 /PRNewswire/ -- Targovax ASA (OSE: TRVX), a clinical stage immune-oncology company developing immune activators to target hard-to-treat solid tumors, today announces that its lead clinical candidate ONCOS-102 has received Fast-Track designation in malignant pleural mesothelioma from the US FDA. The US FDA granted Fast-Track designation to ONCOS-102 based on encouraging pre-clinical and clinical efficacy associated with broad immune activation observed to date. Receiving this designation is an endorsement by the US FDA of the strength of the ONCOS-102 data package. The FDA Fast Track-designation is awarded to therapies with potential to address unmet medical needs in serious medical conditions and allows for more frequent interactions with the FDA to expedite clinical development, as well as the regulatory review processes. Fast-Track products have improved likelihood of receiving Priority Review for a future Biologics License Application (BLA) and may be allowed to submit parts of the application early to shorten review time. The Fast-Track approval comes in addition to ONCOS-102's existing Orphan Drug Designation (ODD) with both the US FDA and European EMA in the mesothelioma indication, which provides ONCOS-102 market exclusivity for 7 and 10 years in the USA and EU, respectively, from the date of BLA grant. Dr. Ingunn Munch Lindvig, VP Regulatory Affairs, said:"Securing this Fast-Track designation is a very important milestone for the ONCOS-102 program. Most importantly Fast-Track validates the strong potential of ONCOS-102 as a future treatment option for solid tumors with high unmet medical need". For further information, please contact:Renate Birkeli, Investor RelationsPhone: +47 922 61 624Email: [emailprotected] Media enquires:Andreas Tinglum - Corporate Communications (Norway)Phone: +47 9300 1773Email: [emailprotected] IR enquires:Kim Sutton Golodetz - LHA Investor Relations (US)Email: [emailprotected]Phone: +1 212-838-3777 This information was brought to you by Cision http://news.cision.com https://news.cision.com/targovax/r/targovax-receives-fast-track-designation-for-oncos-102,c3286718 SOURCE Targovax
edtsum870
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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, Feb. 16, 2021 /PRNewswire/ --Class Action Settlements, a company that helps businesses search, claim and receive money from class action settlements, today announced the launch of its new website, ClassAction-Settlements.com. Designed to simplify a previously arduous process, ClassAction-Settlements.com helps business owners receive payment from class action settlements through a single, centralized website with no upfront costs. Stats have shown that the current class action claims filing rate is roughly 10-30%, a range that Class Action Settlements is dedicated to help increase to 80% or higher. To date, the professionals at Class Action Settlements have worked with over 100,000 small- to medium-sized businesses, helping them receive money they are due from class action settlements. The team understands that the traditional process can be time-consuming and cumbersome for business owners, resulting in large sums of money going unclaimed each year. As many businesses struggle to cope with the financial impact of the COVID-19 restrictions and shutdowns, they are looking for hidden assets. By submitting a claim for a class action settlement, business owners can receive additional money that is due to them. Recognizing that many business owners are not aware of current settlements, and in many cases do not have the time or wherewithal to submit a claim, ClassAction-Settlements.com assists with the entire process from start to finish. "At Class Action Settlements, we recognize that small businesses are the backbone of the United States. Our new website will provide our valued clients with the most transparent and simplified claims process available," said Neil Montesano, chief operating officer for Class Action Settlements. "Not only does the website empower business owners to receive money due to them, but it also streamlines the entire claims process. Launching ClassAction-Settlements.com will provide our clients with the best platform in the industry and encourage business owners to submit claims." Class Action Settlements strives to help ease the cash flow challenges faced by business owners today, particularly amidst the pandemic. Recognizing that business owners often wait months or even years to receive their share of funds from a class action claim, Class Action Settlements also offers to buy clients' claims at an agreed upon, negotiated price which will result in an immediate payment to the client. To check if you're eligible for a settlement, please visit https://classaction-settlements.com/. ABOUT CLASS ACTION SETTLEMENTS Class Action Settlements is comprised of a group of professionals who are dedicated to helping business owners search, claim and receive money back from class action settlements. Our team members have helped more than 100,000 small- to medium-sized businesses receive money from antitrust class action settlements. Through our centralized website, we help business owners identify settlements and submit claims. Our mission is to increase the class action claims rate from its current position at less than 30% to 80% or higher. Learn more at https://classaction-settlements.com/. SOURCE Class Action Settlements Related Links http://ClassAction-Settlements.com Answer:
New Website, ClassAction-Settlements.com, Launches to Help Businesses Streamline the Process for Receiving Payment from Class Action Settlements Website will simplify the process for businesses to receive money from class action settlements, providing users with the most effective, easy-to-use service available
NEW YORK, Feb. 16, 2021 /PRNewswire/ --Class Action Settlements, a company that helps businesses search, claim and receive money from class action settlements, today announced the launch of its new website, ClassAction-Settlements.com. Designed to simplify a previously arduous process, ClassAction-Settlements.com helps business owners receive payment from class action settlements through a single, centralized website with no upfront costs. Stats have shown that the current class action claims filing rate is roughly 10-30%, a range that Class Action Settlements is dedicated to help increase to 80% or higher. To date, the professionals at Class Action Settlements have worked with over 100,000 small- to medium-sized businesses, helping them receive money they are due from class action settlements. The team understands that the traditional process can be time-consuming and cumbersome for business owners, resulting in large sums of money going unclaimed each year. As many businesses struggle to cope with the financial impact of the COVID-19 restrictions and shutdowns, they are looking for hidden assets. By submitting a claim for a class action settlement, business owners can receive additional money that is due to them. Recognizing that many business owners are not aware of current settlements, and in many cases do not have the time or wherewithal to submit a claim, ClassAction-Settlements.com assists with the entire process from start to finish. "At Class Action Settlements, we recognize that small businesses are the backbone of the United States. Our new website will provide our valued clients with the most transparent and simplified claims process available," said Neil Montesano, chief operating officer for Class Action Settlements. "Not only does the website empower business owners to receive money due to them, but it also streamlines the entire claims process. Launching ClassAction-Settlements.com will provide our clients with the best platform in the industry and encourage business owners to submit claims." Class Action Settlements strives to help ease the cash flow challenges faced by business owners today, particularly amidst the pandemic. Recognizing that business owners often wait months or even years to receive their share of funds from a class action claim, Class Action Settlements also offers to buy clients' claims at an agreed upon, negotiated price which will result in an immediate payment to the client. To check if you're eligible for a settlement, please visit https://classaction-settlements.com/. ABOUT CLASS ACTION SETTLEMENTS Class Action Settlements is comprised of a group of professionals who are dedicated to helping business owners search, claim and receive money back from class action settlements. Our team members have helped more than 100,000 small- to medium-sized businesses receive money from antitrust class action settlements. Through our centralized website, we help business owners identify settlements and submit claims. Our mission is to increase the class action claims rate from its current position at less than 30% to 80% or higher. Learn more at https://classaction-settlements.com/. SOURCE Class Action Settlements Related Links http://ClassAction-Settlements.com
edtsum874
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: DUBLIN--(BUSINESS WIRE)--The "Global Lubricant Anti-wear Agents Market by Type (ZDDP, Phosphate, Phosphite, Phosphonate), Application (Engine Oil, Automotive Gear Oil, Automotive Transmission Fluid, Hydraulic Oil, Metalworking Fluid, Grease) and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The global lubricant anti-wear agents market size is projected to grow from USD 698 million in 2020 to USD 784 million by 2025, at a CAGR of 2.4% from 2020 to 2025. The growing demand for high-passenger and commercial vehicles in the automotive industry is driving the lubricant anti-wear agents industry growth as well as the rising GDP in the Asia-Pacific. The increasing inclination toward electric vehicles and environmental concerns is restraining the growth of the market. The zinc dialkldithiophosphate (ZDDP) lubricant anti-wear agents segment, by type, is projected to have the largest market share Zinc dialkldithiophosphate (ZDDP) is a family of uncharged compounds composed of phosphorus, zinc, and sulfur traces, primarily used as anti-wear additives in lubricants such as gear oil, grease, and motor oil. Zinc dialkldithiophosphate has high thermal and hydrolytic stability and forms protective chemical films on metal surfaces which prevents corrosive damage to valve train and bearings. ZDDPs are multifunctional because they provide wear, oxidation, and corrosion protection. Their antioxidant properties prevent soot deposits and formation of sludge on engine components. This additive provides oxidation, copper-lead bearing corrosion, and wear control majorly in diesel and gasoline engines. It is particularly effective under severe temperature and load. Thus, zinc dialkldithiophosphate enhances the properties of lubricants and is used in various applications such as engine oil, hydraulic oil, and compressor oil. The engine oil application segment is projected to lead the global lubricant anti-wear agents market during the forecast period Based on the application, the engine oil application segment led the lubricant anti-wear agents market in 2019. The growth of this segment can be attributed to the growth of the automotive sector mainly related to passenger cars and commercial vehicles in the developing regions of the world, and the increasing population in APAC is driving the growth of the automotive oil application segment. Asia-Pacific is projected to lead the global lubricant anti-wear agents market during the forecast period The Asia-Pacific is expected to lead the lubricant anti-wear agents industry from 2020 to 2025 in terms of both value and volume. The demand for lubricant anti-wear agents is increasing in Asia-Pacific owing to the growing automotive industry in the region. Also, the increasing GDP in the area is expected to fuel the demand for automobiles; thus, driving the lubricant anti-wear agents market growth. The market in this region is also projected to continue its market dominance in terms of both value and volume, from 2020 to 2025, owing to the and rising industrial activities in the developing countries of the Asia-Pacific region. Market Dynamics Drivers Restraints Opportunities Challenges Companies Mentioned For more information about this report visit https://www.researchandmarkets.com/r/vzm1c5 Answer:
Global Lubricant Anti-wear Agents Market (2020 to 2025) - Increasing Demand for Renewable Energy Presents Opportunities - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Global Lubricant Anti-wear Agents Market by Type (ZDDP, Phosphate, Phosphite, Phosphonate), Application (Engine Oil, Automotive Gear Oil, Automotive Transmission Fluid, Hydraulic Oil, Metalworking Fluid, Grease) and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The global lubricant anti-wear agents market size is projected to grow from USD 698 million in 2020 to USD 784 million by 2025, at a CAGR of 2.4% from 2020 to 2025. The growing demand for high-passenger and commercial vehicles in the automotive industry is driving the lubricant anti-wear agents industry growth as well as the rising GDP in the Asia-Pacific. The increasing inclination toward electric vehicles and environmental concerns is restraining the growth of the market. The zinc dialkldithiophosphate (ZDDP) lubricant anti-wear agents segment, by type, is projected to have the largest market share Zinc dialkldithiophosphate (ZDDP) is a family of uncharged compounds composed of phosphorus, zinc, and sulfur traces, primarily used as anti-wear additives in lubricants such as gear oil, grease, and motor oil. Zinc dialkldithiophosphate has high thermal and hydrolytic stability and forms protective chemical films on metal surfaces which prevents corrosive damage to valve train and bearings. ZDDPs are multifunctional because they provide wear, oxidation, and corrosion protection. Their antioxidant properties prevent soot deposits and formation of sludge on engine components. This additive provides oxidation, copper-lead bearing corrosion, and wear control majorly in diesel and gasoline engines. It is particularly effective under severe temperature and load. Thus, zinc dialkldithiophosphate enhances the properties of lubricants and is used in various applications such as engine oil, hydraulic oil, and compressor oil. The engine oil application segment is projected to lead the global lubricant anti-wear agents market during the forecast period Based on the application, the engine oil application segment led the lubricant anti-wear agents market in 2019. The growth of this segment can be attributed to the growth of the automotive sector mainly related to passenger cars and commercial vehicles in the developing regions of the world, and the increasing population in APAC is driving the growth of the automotive oil application segment. Asia-Pacific is projected to lead the global lubricant anti-wear agents market during the forecast period The Asia-Pacific is expected to lead the lubricant anti-wear agents industry from 2020 to 2025 in terms of both value and volume. The demand for lubricant anti-wear agents is increasing in Asia-Pacific owing to the growing automotive industry in the region. Also, the increasing GDP in the area is expected to fuel the demand for automobiles; thus, driving the lubricant anti-wear agents market growth. The market in this region is also projected to continue its market dominance in terms of both value and volume, from 2020 to 2025, owing to the and rising industrial activities in the developing countries of the Asia-Pacific region. Market Dynamics Drivers Restraints Opportunities Challenges Companies Mentioned For more information about this report visit https://www.researchandmarkets.com/r/vzm1c5
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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: SCHAUMBURG, Ill., May 21, 2020 /PRNewswire/ --Zurich North America, a leading provider of insurance products and services to businesses and individuals, is expanding its professional apprenticeship program from its Chicagoland headquarters to its downtown New York City office this fall, with the Borough of Manhattan Community College as the education provider. Zurich's earn-while-you-learn apprenticeship program, launched at its Schaumburg headquarters in 2016, is designed to attract diverse talent to the insurance industry while providing a debt-free path to a professional career. Zurich apprentices include high school graduates or those with an equivalent certification, veterans of the armed forces, people wanting to move from a job to a career, those returning to the workforce after a hiatus for family reasons, and others attracted by the prospect of a guaranteed job and promotion upon successful completion of the two-year program. The New York expansion will contribute to Zurich's largest cohort of apprentices yet. "We're proud to bring the Zurich Apprenticeship Program to New York, particularly at a time when many people are looking for new opportunities and signs of a brighter future," said Paul Horgan, Zurich's Head of U.S. Commercial Insurance. "Even with the challenges brought by COVID-19, we found a way to move forward with this expansion because Zurich's apprenticeship program has proven its value to our business and our industry." In August, the inaugural New York cohort of Zurich apprentices will begin orientation and onboarding. From there, they will work on the job three days a week and take BMCC courses two days a week. Apprentices earn a full-time salary and benefits, including health insurance and 401(k) matching, and they pay no tuition. "We welcome the opportunity to collaborate with Zurich to offer this terrific opportunity for the college, our faculty, and most important, our students," said BMCC Acting Provost Erwin Wong. "We are continuously looking for means to partner with the global business community to offer our students preparation for and access to in-demand 21st century positions, particularly opportunities in the tri-state area. The apprenticeship program that Zurich offers will be of immense value to our students in terms of their marketability." New York apprentices will be working toward certifications in General Insurance and an Associate in Applied Science in Business Management. In 2020 Zurich is adding an Information Technology apprenticeship at its Schaumburg headquarters for the first time, alongside the General Insurance and Cyber apprenticeships. Zurich's was the first insurance apprenticeship program to be certified by the Department of Labor, and Zurich was a founding member of the Chicago Apprentice Network with Aon and Accenture. Zurich's New York extension of apprenticeship also establishes the first new site under the Insurance Apprenticeship USA (IAUSA) banner, an industry collaboration to expand apprenticeships, led by the American Property Casualty Insurance Association. Earlier this year, Zurich's New York office participated in the city's first-ever Career Discovery Week, hosting students from the Laboratory School of Finance and Technology in the Bronx. Zurich also has a summer leadership program for students from Leadership & Public Service High School, near Zurich's Manhattan office. For more details or to apply for the Zurich Apprenticeship Program, please visit zurichna.com/en/careers/apprentices About Zurich North AmericaZurich North America is one of the largest providers of insurance solutions and services to businesses and individuals. Our customers represent industries ranging from agriculture to technology and include more than 90 percent of the Fortune 500. We've backed the building of some of the most recognizable structures in North America. Our North American, LEED Platinum headquarters is located in the Chicago area. We employ approximately 9,000 people in North America and have offices throughout the U.S. and Canada. Further information is available at www.zurichna.com. Zurich North America is part of Zurich Insurance Group, a leading multi-line insurer that serves its customers in global and local markets. With approximately 54,000 employees, Zurich provides a wide range of property and casualty, and life insurance products and services in more than 210 countries and territories. Zurich's customers include individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information is available at www.zurich.com. Visit us on social media: LinkedIn and Twitter SOURCE Zurich North America Related Links www.zurichna.com Answer:
Zurich North America brings Apprenticeship Program to NYC Expansion of earn-while-you-learn program is a collaboration with Borough of Manhattan Community College
SCHAUMBURG, Ill., May 21, 2020 /PRNewswire/ --Zurich North America, a leading provider of insurance products and services to businesses and individuals, is expanding its professional apprenticeship program from its Chicagoland headquarters to its downtown New York City office this fall, with the Borough of Manhattan Community College as the education provider. Zurich's earn-while-you-learn apprenticeship program, launched at its Schaumburg headquarters in 2016, is designed to attract diverse talent to the insurance industry while providing a debt-free path to a professional career. Zurich apprentices include high school graduates or those with an equivalent certification, veterans of the armed forces, people wanting to move from a job to a career, those returning to the workforce after a hiatus for family reasons, and others attracted by the prospect of a guaranteed job and promotion upon successful completion of the two-year program. The New York expansion will contribute to Zurich's largest cohort of apprentices yet. "We're proud to bring the Zurich Apprenticeship Program to New York, particularly at a time when many people are looking for new opportunities and signs of a brighter future," said Paul Horgan, Zurich's Head of U.S. Commercial Insurance. "Even with the challenges brought by COVID-19, we found a way to move forward with this expansion because Zurich's apprenticeship program has proven its value to our business and our industry." In August, the inaugural New York cohort of Zurich apprentices will begin orientation and onboarding. From there, they will work on the job three days a week and take BMCC courses two days a week. Apprentices earn a full-time salary and benefits, including health insurance and 401(k) matching, and they pay no tuition. "We welcome the opportunity to collaborate with Zurich to offer this terrific opportunity for the college, our faculty, and most important, our students," said BMCC Acting Provost Erwin Wong. "We are continuously looking for means to partner with the global business community to offer our students preparation for and access to in-demand 21st century positions, particularly opportunities in the tri-state area. The apprenticeship program that Zurich offers will be of immense value to our students in terms of their marketability." New York apprentices will be working toward certifications in General Insurance and an Associate in Applied Science in Business Management. In 2020 Zurich is adding an Information Technology apprenticeship at its Schaumburg headquarters for the first time, alongside the General Insurance and Cyber apprenticeships. Zurich's was the first insurance apprenticeship program to be certified by the Department of Labor, and Zurich was a founding member of the Chicago Apprentice Network with Aon and Accenture. Zurich's New York extension of apprenticeship also establishes the first new site under the Insurance Apprenticeship USA (IAUSA) banner, an industry collaboration to expand apprenticeships, led by the American Property Casualty Insurance Association. Earlier this year, Zurich's New York office participated in the city's first-ever Career Discovery Week, hosting students from the Laboratory School of Finance and Technology in the Bronx. Zurich also has a summer leadership program for students from Leadership & Public Service High School, near Zurich's Manhattan office. For more details or to apply for the Zurich Apprenticeship Program, please visit zurichna.com/en/careers/apprentices About Zurich North AmericaZurich North America is one of the largest providers of insurance solutions and services to businesses and individuals. Our customers represent industries ranging from agriculture to technology and include more than 90 percent of the Fortune 500. We've backed the building of some of the most recognizable structures in North America. Our North American, LEED Platinum headquarters is located in the Chicago area. We employ approximately 9,000 people in North America and have offices throughout the U.S. and Canada. Further information is available at www.zurichna.com. Zurich North America is part of Zurich Insurance Group, a leading multi-line insurer that serves its customers in global and local markets. With approximately 54,000 employees, Zurich provides a wide range of property and casualty, and life insurance products and services in more than 210 countries and territories. Zurich's customers include individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information is available at www.zurich.com. Visit us on social media: LinkedIn and Twitter SOURCE Zurich North America Related Links www.zurichna.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: REDWOOD CITY, Calif., Feb. 8, 2021 /PRNewswire/ --Area 1 Security, the only preemptive cloud email security provider, announced that CRN, a brand ofThe Channel Company, has named Steve Pataky, Chief Revenue Officer, and Dawn Ringstaff, Director of Global Channel Sales, to its 2021 list of Channel Chiefs. Pataky has also been named to CRN's exclusive list of the 50 Most Influential Channel Chiefs for 2021. The CRN Channel Chiefs award recognizes leading IT channel vendor executives who continually demonstrate outstanding leadership, influence, innovation, and growth. The Channel Company names Area 1 Securitys Steve Pataky, Dawn Ringstaff to the 2021 CRN Channel Chiefs. Pataky is also named to CRNs exclusive list of the 50 Most Influential Channel Chiefs for 2021. Under their leadership, Area 1 has successfully pivoted to a 100% partner-centric go-to-market model. Tweet this Pataky and Ringstaff both joined Area 1 Security in 2020 to help expand the company's partnership initiatives and accelerate opportunities with VAR/Solution Providers, distributors, MSSPs, consultants, and technology alliances. Under their leadership, Area 1 has successfully pivoted to a 100% partner-centric go-to-market model and launched a new, two-tiered partner program; within the first quarter of the program's launch, Area 1 recruited over 40 partners and achieved over 80 percent channel revenue growth in 2H 2020. "As businesses have moved to the cloud, so have hackers: millions of phish evade traditional email gateways and cloud email suites each year. Organizations fed up with ineffective legacy defenses are now turning to their partners for a better solution," said Pataky. "This challenge represents a multibillion-dollar opportunity for partners to transition customers to Area 1 the only cloud email security solution that stops phishing attacks before they breach. I'm incredibly energized to play a role in this market shift, and to be recognized for our channel investments." Ringstaff added, "It's an honor to be included in the Channel Chiefs list this year. After having 25 years of channel sales experience under my belt, I truly believe this accolade demonstrates the perfect confluence of working with the best-possible product, team and partners, in the right market at the right time. I look forward to building on this momentum in 2021 and beyond."Each of the 2021 Channel Chiefs are prominent leaders who have influenced the IT channel with cutting-edge strategies, programs and partnerships. All honorees are selected by CRN's editorial staff based on their dedication, industry prestige, and exceptional accomplishments as channel advocates. The 50 Most Influential Channel Chiefs were chosen by the CRN editorial staff as the individuals who stand at the very top of this elite group."Having worked with both Steve and Dawn at prior organizations I had complete faith that they would drive an amazing expansion strategy for Area 1. I couldn't be more excited and proud of their accomplishments. In just six months, they have successfully led us to a new channel-centric sales model," said Patrick Sweeney, CEO and President of Area 1 Security. "This CRN recognition is yet another testament to their unmatched expertise in building innovative, scalable partner programs and ecosystems."Before joining Area 1, Pataky led partner sales as an Advisor for Ubiq Security, and previously served as Chief Revenue Officer for SonicWall and VP of Worldwide Channels and Alliances at FireEye). Pataky's notable leadership record includes being a key part of divesting SonicWall out of Dell and rebuilding SonicWall's independent channel of more than 17,000 partners worldwide. Pataky has been previously recognized as a CRN Channel Chief, including being named to the 50 Most Influential Channel Chiefs in 2014, 2015, 2017 and 2018. He also earned the Channel Innovation Awards Security Channel Chief of the Year in 2017.Ringstaff has a successful track record for developing channel programs that not only grow partner revenue but also partner sales and technical capabilities. Her experience prior to Area 1 includes Regional VP of Sales for Talari SD-WAN (acquired by Oracle), over a decade with SonicWall as a regional director and Channel leader, preceded by channel experience at Kaspersky Labs. Dawn was a recipient of CRN's Women of the Channel in 2017 and 2018."CRN's 2021 Channel Chiefs list includes the industry's biggest channel evangelists, a group of individuals who work tirelessly on behalf of their partners and drive growth through the development of strong partner programs and innovative business strategies that help bring business-critical solutions to market," said Blaine Raddon, CEO of The Channel Company. "The Channel Company is proud to recognize these channel influencers and looks forward to following their continued success."CRN's 2021 Channel Chiefs list, including the 50 Most Influential Channel Chiefs, will be featured in the February 2021 issue of CRN Magazine and online atwww.CRN.com/ChannelChiefs.About Area 1 SecurityArea 1 Security is the only company that preemptively stops Business Email Compromise, malware, ransomware and targeted phishing attacks. By focusing on the earliest stages of an attack, Area 1 stops phish the root cause of 95 percent of breaches 24 days (on average) before they launch. Area 1 also offers the cybersecurity industry's first and only performance-based pricing model, Pay-per-Phish.Area 1 is trusted by Fortune 500 enterprises across financial services, healthcare, critical infrastructure and other industries, to preempt targeted phishing attacks, improve their cybersecurity posture, and change outcomes.Area 1 is a Certified Microsoft Partner, and Google Cloud Technology Partner of the Year for Security. To learn more, visitwww.area1security.com, follow us onLinkedIn, or subscribe to thePhish of the Weeknewsletter.About The Channel CompanyThe Channel Company enables breakthrough IT channel performance with our dominant media, engaging events, expert consulting and education, and innovative marketing services and platforms. As the channel catalyst, we connect and empower technology suppliers, solution providers and end users. Backed by more than 30 years of unequalled channel experience, we draw from our deep knowledge to envision innovative new solutions for ever-evolving challenges in the technology marketplace.www.thechannelcompany.com Follow The Channel Company:Twitter,LinkedIn, andFacebook. 2021. CRN is a registered trademark of The Channel Company, LLC. All rights reserved.Contacts:Elaine DzubaArea 1 Security[emailprotected] Jennifer HoganThe Channel Company[emailprotected]SOURCE Area 1 Security Related Links https://www.area1security.com Answer:
Area 1 Security's Steve Pataky and Dawn Ringstaff Recognized as 2021 CRN Channel Chiefs Pataky Also Named to Elite List of CRN's 50 Most Influential Channel Chiefs of 2021
REDWOOD CITY, Calif., Feb. 8, 2021 /PRNewswire/ --Area 1 Security, the only preemptive cloud email security provider, announced that CRN, a brand ofThe Channel Company, has named Steve Pataky, Chief Revenue Officer, and Dawn Ringstaff, Director of Global Channel Sales, to its 2021 list of Channel Chiefs. Pataky has also been named to CRN's exclusive list of the 50 Most Influential Channel Chiefs for 2021. The CRN Channel Chiefs award recognizes leading IT channel vendor executives who continually demonstrate outstanding leadership, influence, innovation, and growth. The Channel Company names Area 1 Securitys Steve Pataky, Dawn Ringstaff to the 2021 CRN Channel Chiefs. Pataky is also named to CRNs exclusive list of the 50 Most Influential Channel Chiefs for 2021. Under their leadership, Area 1 has successfully pivoted to a 100% partner-centric go-to-market model. Tweet this Pataky and Ringstaff both joined Area 1 Security in 2020 to help expand the company's partnership initiatives and accelerate opportunities with VAR/Solution Providers, distributors, MSSPs, consultants, and technology alliances. Under their leadership, Area 1 has successfully pivoted to a 100% partner-centric go-to-market model and launched a new, two-tiered partner program; within the first quarter of the program's launch, Area 1 recruited over 40 partners and achieved over 80 percent channel revenue growth in 2H 2020. "As businesses have moved to the cloud, so have hackers: millions of phish evade traditional email gateways and cloud email suites each year. Organizations fed up with ineffective legacy defenses are now turning to their partners for a better solution," said Pataky. "This challenge represents a multibillion-dollar opportunity for partners to transition customers to Area 1 the only cloud email security solution that stops phishing attacks before they breach. I'm incredibly energized to play a role in this market shift, and to be recognized for our channel investments." Ringstaff added, "It's an honor to be included in the Channel Chiefs list this year. After having 25 years of channel sales experience under my belt, I truly believe this accolade demonstrates the perfect confluence of working with the best-possible product, team and partners, in the right market at the right time. I look forward to building on this momentum in 2021 and beyond."Each of the 2021 Channel Chiefs are prominent leaders who have influenced the IT channel with cutting-edge strategies, programs and partnerships. All honorees are selected by CRN's editorial staff based on their dedication, industry prestige, and exceptional accomplishments as channel advocates. The 50 Most Influential Channel Chiefs were chosen by the CRN editorial staff as the individuals who stand at the very top of this elite group."Having worked with both Steve and Dawn at prior organizations I had complete faith that they would drive an amazing expansion strategy for Area 1. I couldn't be more excited and proud of their accomplishments. In just six months, they have successfully led us to a new channel-centric sales model," said Patrick Sweeney, CEO and President of Area 1 Security. "This CRN recognition is yet another testament to their unmatched expertise in building innovative, scalable partner programs and ecosystems."Before joining Area 1, Pataky led partner sales as an Advisor for Ubiq Security, and previously served as Chief Revenue Officer for SonicWall and VP of Worldwide Channels and Alliances at FireEye). Pataky's notable leadership record includes being a key part of divesting SonicWall out of Dell and rebuilding SonicWall's independent channel of more than 17,000 partners worldwide. Pataky has been previously recognized as a CRN Channel Chief, including being named to the 50 Most Influential Channel Chiefs in 2014, 2015, 2017 and 2018. He also earned the Channel Innovation Awards Security Channel Chief of the Year in 2017.Ringstaff has a successful track record for developing channel programs that not only grow partner revenue but also partner sales and technical capabilities. Her experience prior to Area 1 includes Regional VP of Sales for Talari SD-WAN (acquired by Oracle), over a decade with SonicWall as a regional director and Channel leader, preceded by channel experience at Kaspersky Labs. Dawn was a recipient of CRN's Women of the Channel in 2017 and 2018."CRN's 2021 Channel Chiefs list includes the industry's biggest channel evangelists, a group of individuals who work tirelessly on behalf of their partners and drive growth through the development of strong partner programs and innovative business strategies that help bring business-critical solutions to market," said Blaine Raddon, CEO of The Channel Company. "The Channel Company is proud to recognize these channel influencers and looks forward to following their continued success."CRN's 2021 Channel Chiefs list, including the 50 Most Influential Channel Chiefs, will be featured in the February 2021 issue of CRN Magazine and online atwww.CRN.com/ChannelChiefs.About Area 1 SecurityArea 1 Security is the only company that preemptively stops Business Email Compromise, malware, ransomware and targeted phishing attacks. By focusing on the earliest stages of an attack, Area 1 stops phish the root cause of 95 percent of breaches 24 days (on average) before they launch. Area 1 also offers the cybersecurity industry's first and only performance-based pricing model, Pay-per-Phish.Area 1 is trusted by Fortune 500 enterprises across financial services, healthcare, critical infrastructure and other industries, to preempt targeted phishing attacks, improve their cybersecurity posture, and change outcomes.Area 1 is a Certified Microsoft Partner, and Google Cloud Technology Partner of the Year for Security. To learn more, visitwww.area1security.com, follow us onLinkedIn, or subscribe to thePhish of the Weeknewsletter.About The Channel CompanyThe Channel Company enables breakthrough IT channel performance with our dominant media, engaging events, expert consulting and education, and innovative marketing services and platforms. As the channel catalyst, we connect and empower technology suppliers, solution providers and end users. Backed by more than 30 years of unequalled channel experience, we draw from our deep knowledge to envision innovative new solutions for ever-evolving challenges in the technology marketplace.www.thechannelcompany.com Follow The Channel Company:Twitter,LinkedIn, andFacebook. 2021. CRN is a registered trademark of The Channel Company, LLC. All rights reserved.Contacts:Elaine DzubaArea 1 Security[emailprotected] Jennifer HoganThe Channel Company[emailprotected]SOURCE Area 1 Security Related Links https://www.area1security.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: ROLLING MEADOWS, Ill., March 23, 2021 /PRNewswire/ --Arthur J. Gallagher & Co.(NYSE: AJG) today announced the acquisition of South Bend, Indiana-based R&R Benefits/Risk Management, LLC. Terms of the transaction were not disclosed. Founded in 2000, R&R Benefits is an independent insurance agency offering employee benefit program solutions, as well as property/casualty risk placements, in the traditional and alternative risk financing market. Robert Frick, Troy Scott and their associates will continue operating from their current location under the direction of Tom Lannen, head of Gallagher's Great Lakes Region employee benefits consulting and brokerage operations, and Cindy LaMantia, head of Gallagher's Great Lakes Region retail property/casualty brokerage operations. "R&R offers creative approaches to helping clients manage healthcare costs, and the team's public entity expertise and strong relationships across Northern Indiana will further enhance Gallagher's capabilities in that market," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "We are very pleased to welcome Bob, Troy and their associates to our growing global team." Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered inRolling Meadows,Illinois. The company has operations in 49 countries and offers client-service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants. Investors: Ray Iardella Media: Linda J. Collins VP Investor Relations VP Corporate Communications 630-285-3661/[emailprotected] 630-285-4009/[emailprotected] SOURCE Arthur J. Gallagher & Co. Related Links http://www.ajg.com Answer:
Arthur J. Gallagher & Co. Acquires R&R Benefits/Risk Management, LLC
ROLLING MEADOWS, Ill., March 23, 2021 /PRNewswire/ --Arthur J. Gallagher & Co.(NYSE: AJG) today announced the acquisition of South Bend, Indiana-based R&R Benefits/Risk Management, LLC. Terms of the transaction were not disclosed. Founded in 2000, R&R Benefits is an independent insurance agency offering employee benefit program solutions, as well as property/casualty risk placements, in the traditional and alternative risk financing market. Robert Frick, Troy Scott and their associates will continue operating from their current location under the direction of Tom Lannen, head of Gallagher's Great Lakes Region employee benefits consulting and brokerage operations, and Cindy LaMantia, head of Gallagher's Great Lakes Region retail property/casualty brokerage operations. "R&R offers creative approaches to helping clients manage healthcare costs, and the team's public entity expertise and strong relationships across Northern Indiana will further enhance Gallagher's capabilities in that market," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "We are very pleased to welcome Bob, Troy and their associates to our growing global team." Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered inRolling Meadows,Illinois. The company has operations in 49 countries and offers client-service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants. Investors: Ray Iardella Media: Linda J. Collins VP Investor Relations VP Corporate Communications 630-285-3661/[emailprotected] 630-285-4009/[emailprotected] SOURCE Arthur J. Gallagher & Co. Related Links http://www.ajg.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: MENLO PARK, Calif., June 24, 2020 /PRNewswire/ --Quantifind announced today that it is joining the Snowflake Data Marketplace, enabling financial services customers of Snowflake's cloud data platform to seamlessly run customer and counterparty risk assessments in a private, secure, and efficient manner. Quantifind's proprietary cloud-enabled technology uses a combination of public-domain data sources, best-in-class entity resolution, and predictive risk typology models to build accurate risk profiles on the fly for individuals and organizations alike. In this integration, mutual customers will have direct access to Quantifind's Batch Search API from within the Snowflake platform, allowing them to build new secure and automated Customer Due Diligence (CDD) workflows. "We're thrilled to be partnering with Quantifind to help our financial services customers mitigate risks in their operations," says Justin Langseth, Vice President of Snowflake Data Marketplace. "The combination of Snowflake's world-class data platform capabilities with Quantifind's innovative technology in the anti-financial crimes space can provide a valuable service to our joint customers." "As financial services firms continue their migration of data storage and back-office services to the cloud, we believe there is a great opportunity to meet them where they are and help them reap the benefits of this transformative change," says Ari Tuchman, CEO and Co-Founder of Quantifind. "With this integration, Snowflake and Quantifind mutual customers will be able to stand up new, more efficient and secure anti-money laundering and fraud risk mitigation processes without ever transferring any data or executing a costly implementation program." About Quantifind: Quantifindis a technology company whose AI platform uncovers risk signals across disparate and unstructured text sources. In financial crimes risk management, Quantifind provides an AI solution for anti-money laundering and fraud detection that uniquely discovers risk by combining internal financial institution data with public domain data. At a time when false positive transaction-based Alerts are pushing compliance costs higher and further straining investigative workforces, a Quantifind implementation can help realize a 30% efficiency gain. SOURCE Quantifind Related Links https://www.quantifind.com Answer:
Quantifind Joins the Snowflake Data Marketplace
MENLO PARK, Calif., June 24, 2020 /PRNewswire/ --Quantifind announced today that it is joining the Snowflake Data Marketplace, enabling financial services customers of Snowflake's cloud data platform to seamlessly run customer and counterparty risk assessments in a private, secure, and efficient manner. Quantifind's proprietary cloud-enabled technology uses a combination of public-domain data sources, best-in-class entity resolution, and predictive risk typology models to build accurate risk profiles on the fly for individuals and organizations alike. In this integration, mutual customers will have direct access to Quantifind's Batch Search API from within the Snowflake platform, allowing them to build new secure and automated Customer Due Diligence (CDD) workflows. "We're thrilled to be partnering with Quantifind to help our financial services customers mitigate risks in their operations," says Justin Langseth, Vice President of Snowflake Data Marketplace. "The combination of Snowflake's world-class data platform capabilities with Quantifind's innovative technology in the anti-financial crimes space can provide a valuable service to our joint customers." "As financial services firms continue their migration of data storage and back-office services to the cloud, we believe there is a great opportunity to meet them where they are and help them reap the benefits of this transformative change," says Ari Tuchman, CEO and Co-Founder of Quantifind. "With this integration, Snowflake and Quantifind mutual customers will be able to stand up new, more efficient and secure anti-money laundering and fraud risk mitigation processes without ever transferring any data or executing a costly implementation program." About Quantifind: Quantifindis a technology company whose AI platform uncovers risk signals across disparate and unstructured text sources. In financial crimes risk management, Quantifind provides an AI solution for anti-money laundering and fraud detection that uniquely discovers risk by combining internal financial institution data with public domain data. At a time when false positive transaction-based Alerts are pushing compliance costs higher and further straining investigative workforces, a Quantifind implementation can help realize a 30% efficiency gain. SOURCE Quantifind Related Links https://www.quantifind.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: ARLINGTON, Va., Nov. 23, 2020 /PRNewswire/ --American Trucking Associations and ATA's Share the Road highway safety program have provided safe driving tips for those who will be traveling this week during the Thanksgiving holiday. This Thanksgiving, the trucking industry will safely deliver 46 million turkeys (an estimated 1.4 billion pounds) along with all of the sides 214 million pounds of potatoes, 50 million pounds of sweet potatoes, 19 million pumpkin pies, and 80 million pounds of cranberries, to ensure Thanksgiving dinner is complete. "It is important to put safety first while driving on the highways to ensure everyone can make it to the dinner table," said ATA Share the Road professional truck driver Gary Martin of FedEx Ground. "As a family man and a professional truck driver, I am one of the last drivers on the road, delivering all the trimmings necessary for Thanksgiving. I hope my fellow motorists will consider safety as they travel to their Thanksgiving destinations." While AAA projects less than 50 million Americans will travel this Thanksgiving holiday, 10% less than previous years, a majority of those will be hitting the highways and sharing the road with professional truck drivers. ATA's Share the Road's Instructional Video, featuring million mile accident free professional truck drivers, gives an eight-minute recap of critical safe-driving habits. "Thanksgiving offers several other driving challenges beyond traffic congestion, said Share the Road professional truck driver Todd Wilemon of Ravenwood Transport. Winter driving presents unique problems for motorists, including high wind and blowing snow, which contributes to reduced visibility in many regions throughout North America. Similarly, freezing temperatures can have a profound impact on vehicles and the roadways. A thorough pre-trip inspection and understanding of driving conditions can play a significant role in driving success this holiday season." ATA's Share the Road is committed to spreading the message of safety. Share the Road professional drivers recommend planning and coordinating travel plans ahead of time, as well as following the below safety tips. This safe driving guidance applies to all motorists, and is crucial when operating small passenger vehicles near large tractor-trailers: Buckle Up: A seat belt will not prevent a collision, but it will save a life. Remove ice and snow from your vehicle: Clear your windows and roof of snow to ensure you have maximum visibility and avoid creating a hazard for the vehicle behind you. Don't allow ice and snow to create additional blind spots on your vehicle. Slow Down: Chances of a crash nearly triples when driving faster than surrounding traffic. Do not drive impaired: Driving is a great responsibility, and your fellow travelers are relying on safe, attentive drivers to respectfully share the road and make good decisions. Be aware of truck blind spots: Trucks deliver your favorite Thanksgiving traditions turkeys, cranberries, mashed potatoes and all kinds of tasty pies so make it easy on them by staying out of blind spots. Pass on the left where the truck's blind spot is much smaller. Keep your eyes on the road: Distracted driving is a major cause of traffic accidents and one of the leading causes of death amongst teenagers. Even just two seconds of distraction time doubles the chances of an accident. Use your cell phone when stopped and never text while driving. Do not cut in front of large trucks: Remember trucks are heavier and take longer to make a complete stop, so avoid cutting quickly in front of them. Fully loaded tractor-trailers can take the length of a football field plus both end zones to make a complete stop. Ask your favorite quarterback how far that is. Hint: it's far. Prepare your vehicle for long distance travel: Before you head out to your aunts, uncles and cousins, check your wipers and fluids and have your radiator and cooling system serviced. Simple maintenance before you leave your home can prevent many of the problems that strand motorists on the side of the road. Prepare yourself for long distance travel: The vehicle needs maintenance, and the driver needs plenty of rest and hydration to function at his or her best. If the turkey is making you feel drowsy, pull over and wait until you are more alert. Leave early and avoid risks: Leave early to reduce anxiety about arriving late. Road conditions may change due to inclement weather or traffic congestion. Be aware of the vehicle in front of you: Leave extra room between you and the vehicle ahead. A reminder to those who are considering travel that staying home and avoiding large-group gatherings is the best way to prevent COVID-19 from spreading. In addition, ATA and Share the Road encourage Americans to make smart decisions regarding travel during the COVID-19 pandemic. With experts discouraging travel this year, keeping off the roads to allow essential workers like truck drivers and medical personnel can help everyone be safe this holiday season. **Professional drivers are available for media interviews through the ATA Office of Public Affairs** Share the Roadis a highway safety outreach program of the American Trucking Associations that educates all drivers about sharing the roads safely with large trucks. An elite team of professional truck drivers with millions of accident-free miles deliver life-saving messages to millions of motorists annually. Follow Share the Road onTwitterand Facebook. American Trucking Associations is the largest national trade association for the trucking industry. Through a federation of 50 affiliated state trucking associations and industry-related conferences and councils, ATA is the voice of the industry America depends on most to move our nation's freight. Follow ATA onTwitter, Facebook, or atTrucking Moves America Forward. SOURCE American Trucking Associations Related Links www.trucking.org Answer:
ATA Shares Message of Safety, Trucking's Essentiality This Holiday Season
ARLINGTON, Va., Nov. 23, 2020 /PRNewswire/ --American Trucking Associations and ATA's Share the Road highway safety program have provided safe driving tips for those who will be traveling this week during the Thanksgiving holiday. This Thanksgiving, the trucking industry will safely deliver 46 million turkeys (an estimated 1.4 billion pounds) along with all of the sides 214 million pounds of potatoes, 50 million pounds of sweet potatoes, 19 million pumpkin pies, and 80 million pounds of cranberries, to ensure Thanksgiving dinner is complete. "It is important to put safety first while driving on the highways to ensure everyone can make it to the dinner table," said ATA Share the Road professional truck driver Gary Martin of FedEx Ground. "As a family man and a professional truck driver, I am one of the last drivers on the road, delivering all the trimmings necessary for Thanksgiving. I hope my fellow motorists will consider safety as they travel to their Thanksgiving destinations." While AAA projects less than 50 million Americans will travel this Thanksgiving holiday, 10% less than previous years, a majority of those will be hitting the highways and sharing the road with professional truck drivers. ATA's Share the Road's Instructional Video, featuring million mile accident free professional truck drivers, gives an eight-minute recap of critical safe-driving habits. "Thanksgiving offers several other driving challenges beyond traffic congestion, said Share the Road professional truck driver Todd Wilemon of Ravenwood Transport. Winter driving presents unique problems for motorists, including high wind and blowing snow, which contributes to reduced visibility in many regions throughout North America. Similarly, freezing temperatures can have a profound impact on vehicles and the roadways. A thorough pre-trip inspection and understanding of driving conditions can play a significant role in driving success this holiday season." ATA's Share the Road is committed to spreading the message of safety. Share the Road professional drivers recommend planning and coordinating travel plans ahead of time, as well as following the below safety tips. This safe driving guidance applies to all motorists, and is crucial when operating small passenger vehicles near large tractor-trailers: Buckle Up: A seat belt will not prevent a collision, but it will save a life. Remove ice and snow from your vehicle: Clear your windows and roof of snow to ensure you have maximum visibility and avoid creating a hazard for the vehicle behind you. Don't allow ice and snow to create additional blind spots on your vehicle. Slow Down: Chances of a crash nearly triples when driving faster than surrounding traffic. Do not drive impaired: Driving is a great responsibility, and your fellow travelers are relying on safe, attentive drivers to respectfully share the road and make good decisions. Be aware of truck blind spots: Trucks deliver your favorite Thanksgiving traditions turkeys, cranberries, mashed potatoes and all kinds of tasty pies so make it easy on them by staying out of blind spots. Pass on the left where the truck's blind spot is much smaller. Keep your eyes on the road: Distracted driving is a major cause of traffic accidents and one of the leading causes of death amongst teenagers. Even just two seconds of distraction time doubles the chances of an accident. Use your cell phone when stopped and never text while driving. Do not cut in front of large trucks: Remember trucks are heavier and take longer to make a complete stop, so avoid cutting quickly in front of them. Fully loaded tractor-trailers can take the length of a football field plus both end zones to make a complete stop. Ask your favorite quarterback how far that is. Hint: it's far. Prepare your vehicle for long distance travel: Before you head out to your aunts, uncles and cousins, check your wipers and fluids and have your radiator and cooling system serviced. Simple maintenance before you leave your home can prevent many of the problems that strand motorists on the side of the road. Prepare yourself for long distance travel: The vehicle needs maintenance, and the driver needs plenty of rest and hydration to function at his or her best. If the turkey is making you feel drowsy, pull over and wait until you are more alert. Leave early and avoid risks: Leave early to reduce anxiety about arriving late. Road conditions may change due to inclement weather or traffic congestion. Be aware of the vehicle in front of you: Leave extra room between you and the vehicle ahead. A reminder to those who are considering travel that staying home and avoiding large-group gatherings is the best way to prevent COVID-19 from spreading. In addition, ATA and Share the Road encourage Americans to make smart decisions regarding travel during the COVID-19 pandemic. With experts discouraging travel this year, keeping off the roads to allow essential workers like truck drivers and medical personnel can help everyone be safe this holiday season. **Professional drivers are available for media interviews through the ATA Office of Public Affairs** Share the Roadis a highway safety outreach program of the American Trucking Associations that educates all drivers about sharing the roads safely with large trucks. An elite team of professional truck drivers with millions of accident-free miles deliver life-saving messages to millions of motorists annually. Follow Share the Road onTwitterand Facebook. American Trucking Associations is the largest national trade association for the trucking industry. Through a federation of 50 affiliated state trucking associations and industry-related conferences and councils, ATA is the voice of the industry America depends on most to move our nation's freight. Follow ATA onTwitter, Facebook, or atTrucking Moves America Forward. SOURCE American Trucking Associations Related Links www.trucking.org
edtsum899
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: MINNEAPOLIS, March 25, 2020 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ:TECH) today shared news from clinical partners on the use of the ProteinSimple-branded EllaAutomated Immunoassay platform in the fight against COVID-19. In a March 23, 2020 press release, the Icahn School of Medicine, Mount Sinai announced that they are utilizing Bio-Techne's Ella Automated Immunoassay Platform to monitor individual immune responses to COVID-19. Specifically, the Ella Cytokine Storm Panel is being used to detect Cytokine Release Syndrome (CRS) in real-time. Cytokine Release Syndrome represents a critical point in individuals with severe COVID-19 disease where immune molecules, called cytokines, attack the patient's organs, representing a critical and potentially fatal point in disease management. As stated in its press release, "Mount Sinai clinical laboratories will use the ELLA Cytokine Storm Panel in COVID-19 patients who have been admitted to the hospital to monitor them and know, in real time, when they are experiencing cytokine storm. The test results are available in a few hours and can be repeated throughout the course of care to help guide hospital care and to measure the response to experimental drugs given in clinical trials for COVID-19 patients." (link) "Mount Sinai clinical laboratories will use the ELLA Cytokine Storm Panel in COVID-19 patients who have been admitted to the hospital to monitor them and know, in real time, when they are experiencing cytokine storm. The test results are available in a few hours and can be repeated throughout the course of care to help guide hospital care and to measure the response to experimental drugs given in clinical trials for COVID-19 patients." Mount Sinai joins hospitals in Italy and throughout Europe that have and are continuing to adopt the Ella platform for CRS testing during this crisis. Ella's sensitivity, simplified workflow, and fast time-to-results make the platform ideal for CRS testing and are the key factors driving this adoption. These developments follow the 2018 announcement that Micropoint Biotechnologies of China is developing clinical applications for the detection of CRS on the Ella platform. "Ella is a potentially important tool for monitoring and saving patients who are infected by COVID-19," commented Chuck Kummeth, President and Chief Executive Officer of Bio-Techne. "The Ella Cytokine Storm Panel has the potential to enable front line healthcare workers to triage high-risk COVID-19 patients in real-time, guide hospital care and to measure responses to experimental clinical trial drugs. Ella joins several other products Bio-Techne has deployed to combat COVID-19, including RNAscope for detection of coronavirus in tissue and antibodies for vaccine development. We are focused on leveraging our deep portfolio and developing new tools to enable solutions for this rapidly evolving pandemic." Bio-Techne aims to further enable customers to utilize the Ella platform for this and other clinical applications where time-to-results is critical. To that end, Bio-Techne is investing in both near-term and long-term efforts to enable broader clinical adoption of Ella and expand beyond its current Research Use Only (RUO) status. This includes partnering with clinical research customers to pursue Emergency Use Authorization (EUA) status for COVID-19 testing in key regions, as well as investing in manufacturing and quality control systems required for diagnostic products. About Bio-Techne Corporation(NASDAQ: TECH) Ella Automated Immunoassay platform, ProteinSimple, a Bio-Techne Brand Contact: David Clair, Senior Director, Business Development[emailprotected]612-656-4416 SOURCE Bio-Techne Corporation Answer:
Bio-Techne's Ella On The Front Lines In Fight Against COVID-19
MINNEAPOLIS, March 25, 2020 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ:TECH) today shared news from clinical partners on the use of the ProteinSimple-branded EllaAutomated Immunoassay platform in the fight against COVID-19. In a March 23, 2020 press release, the Icahn School of Medicine, Mount Sinai announced that they are utilizing Bio-Techne's Ella Automated Immunoassay Platform to monitor individual immune responses to COVID-19. Specifically, the Ella Cytokine Storm Panel is being used to detect Cytokine Release Syndrome (CRS) in real-time. Cytokine Release Syndrome represents a critical point in individuals with severe COVID-19 disease where immune molecules, called cytokines, attack the patient's organs, representing a critical and potentially fatal point in disease management. As stated in its press release, "Mount Sinai clinical laboratories will use the ELLA Cytokine Storm Panel in COVID-19 patients who have been admitted to the hospital to monitor them and know, in real time, when they are experiencing cytokine storm. The test results are available in a few hours and can be repeated throughout the course of care to help guide hospital care and to measure the response to experimental drugs given in clinical trials for COVID-19 patients." (link) "Mount Sinai clinical laboratories will use the ELLA Cytokine Storm Panel in COVID-19 patients who have been admitted to the hospital to monitor them and know, in real time, when they are experiencing cytokine storm. The test results are available in a few hours and can be repeated throughout the course of care to help guide hospital care and to measure the response to experimental drugs given in clinical trials for COVID-19 patients." Mount Sinai joins hospitals in Italy and throughout Europe that have and are continuing to adopt the Ella platform for CRS testing during this crisis. Ella's sensitivity, simplified workflow, and fast time-to-results make the platform ideal for CRS testing and are the key factors driving this adoption. These developments follow the 2018 announcement that Micropoint Biotechnologies of China is developing clinical applications for the detection of CRS on the Ella platform. "Ella is a potentially important tool for monitoring and saving patients who are infected by COVID-19," commented Chuck Kummeth, President and Chief Executive Officer of Bio-Techne. "The Ella Cytokine Storm Panel has the potential to enable front line healthcare workers to triage high-risk COVID-19 patients in real-time, guide hospital care and to measure responses to experimental clinical trial drugs. Ella joins several other products Bio-Techne has deployed to combat COVID-19, including RNAscope for detection of coronavirus in tissue and antibodies for vaccine development. We are focused on leveraging our deep portfolio and developing new tools to enable solutions for this rapidly evolving pandemic." Bio-Techne aims to further enable customers to utilize the Ella platform for this and other clinical applications where time-to-results is critical. To that end, Bio-Techne is investing in both near-term and long-term efforts to enable broader clinical adoption of Ella and expand beyond its current Research Use Only (RUO) status. This includes partnering with clinical research customers to pursue Emergency Use Authorization (EUA) status for COVID-19 testing in key regions, as well as investing in manufacturing and quality control systems required for diagnostic products. About Bio-Techne Corporation(NASDAQ: TECH) Ella Automated Immunoassay platform, ProteinSimple, a Bio-Techne Brand Contact: David Clair, Senior Director, Business Development[emailprotected]612-656-4416 SOURCE Bio-Techne Corporation
edtsum901
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: MIAMI BEACH, Fla., June 17, 2020 /PRNewswire/ -- Last year the Miami Beach Chamber of Commerce (Chamber) began developing a Diversity, Equity & Inclusion Council that officially launched February 2020 and is Co-Chaired by Eva Dias and Andre Williams. The Chamber continues to strive to improve the quality of life for our diverse community and is looking forward to making significant contributions with this new Council. Diversity and inclusion are core values for the Chamber and it is critical that we incorporate these values into all aspects of our work including advocacy, communications, workplace environment, vendor selection, hiring, promotion and retention. In order to carry out the Chamber's core values, Committee will foster a shared culture at the Chamber that promotes the goals of accepting, respecting and valuing differences that include attributes such as age, race, gender, ethnicity, religion, sexual orientation, gender expression, sexual identity, ability, language, family circumstances and cultural backgrounds. "I appreciate the support from the Chamber, Board Chair Robin Jacobs and Chamber President & CEO Jerry Libbin for the DE&I Council," said Williams. "These goals can only be achieved by engaging leadership in mainstream organizations like the Chamber to promote diversity, equity and inclusion to its member businesses whose bottom line will grow because of it." "The world will be a better place when we recognize that diversity, equity and inclusion are no longer a necessary discussion," said Dias. "I look forward to the day that our mission is just part of our regular life and that we have completed our Council's goals through the Chamber." "I want to acknowledge Andre and Eva's leadership as co-chairs," said Chair of the Board Robin Jacobs. "A diverse workforce means having a greater variety of backgrounds, talents, and experiences." On June 30 at 4 PM, the Chamber will host a free webinar on how minority businesses can apply for and receive contracts with the City of Miami Beach. City officials will be present. To date the Council has done the following: In an effort to expand their multicultural efforts, the Council has developed partnerships with other organizations and government entities such asthe City's procurement department, the Brazilian Consulateand theGreater Miami Convention & Visitors Bureau. In the months ahead, this Council will focus on ways to create greater economic opportunities for minority owned businesses in and around Miami Beach. CONTACT: Daniel Diaz, 305-389-8986, [emailprotected] SOURCE Miami Beach Chamber of Commerce Related Links www.miamibeachchamber.com Answer:
Miami Beach Chamber of Commerce's Diversity, Equity & Inclusion Council Makes Inroads in The Community
MIAMI BEACH, Fla., June 17, 2020 /PRNewswire/ -- Last year the Miami Beach Chamber of Commerce (Chamber) began developing a Diversity, Equity & Inclusion Council that officially launched February 2020 and is Co-Chaired by Eva Dias and Andre Williams. The Chamber continues to strive to improve the quality of life for our diverse community and is looking forward to making significant contributions with this new Council. Diversity and inclusion are core values for the Chamber and it is critical that we incorporate these values into all aspects of our work including advocacy, communications, workplace environment, vendor selection, hiring, promotion and retention. In order to carry out the Chamber's core values, Committee will foster a shared culture at the Chamber that promotes the goals of accepting, respecting and valuing differences that include attributes such as age, race, gender, ethnicity, religion, sexual orientation, gender expression, sexual identity, ability, language, family circumstances and cultural backgrounds. "I appreciate the support from the Chamber, Board Chair Robin Jacobs and Chamber President & CEO Jerry Libbin for the DE&I Council," said Williams. "These goals can only be achieved by engaging leadership in mainstream organizations like the Chamber to promote diversity, equity and inclusion to its member businesses whose bottom line will grow because of it." "The world will be a better place when we recognize that diversity, equity and inclusion are no longer a necessary discussion," said Dias. "I look forward to the day that our mission is just part of our regular life and that we have completed our Council's goals through the Chamber." "I want to acknowledge Andre and Eva's leadership as co-chairs," said Chair of the Board Robin Jacobs. "A diverse workforce means having a greater variety of backgrounds, talents, and experiences." On June 30 at 4 PM, the Chamber will host a free webinar on how minority businesses can apply for and receive contracts with the City of Miami Beach. City officials will be present. To date the Council has done the following: In an effort to expand their multicultural efforts, the Council has developed partnerships with other organizations and government entities such asthe City's procurement department, the Brazilian Consulateand theGreater Miami Convention & Visitors Bureau. In the months ahead, this Council will focus on ways to create greater economic opportunities for minority owned businesses in and around Miami Beach. CONTACT: Daniel Diaz, 305-389-8986, [emailprotected] SOURCE Miami Beach Chamber of Commerce Related Links www.miamibeachchamber.com
edtsum903
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: MARIETTA, Ga.--(BUSINESS WIRE)--Benevis, a leading dental practice management organization, today announced the appointment of Craig Albright as Chief Executive Officer. We are pleased to welcome Craig as our new CEO, he brings the right experience and skills to lead Benevis in the next stage of its growth, said Daniel D. Crowley, Executive Chairman. Our company has a great team supporting excellent dentists, and the organization is a robust platform on which to build; Craig is the right leader for Benevis as it continues to grow and serve the dental community. Mr. Albright has more than 25 years of experience leading successful growth and transformation strategies at healthcare organizations. Most recently he was CEO of InHealth Medical Alliance, Inc., one of the largest globally capitated primary care physician groups in Florida. Prior to that he was CEO of JSA Healthcare Corporation, then a division of DaVita Medical Group. He was also a CEO and/or board member for several portfolio companies of Three Arch Partners, including Free and Clear, Inc., a smoking cessation program provider; Gentiae Clinical Research, Inc.; and U. S. HealthWorks, the nations second-largest practice management organization for occupational medicine and urgent care physicians. As an organization dedicated to supporting high quality care and patient service and distinguished by the caliber of the dentists affiliated with it, Benevis is exceptionally well positioned for a leadership role in the dental industry in the months and years ahead, said Mr. Albright. I look forward to working with our team at Benevis to continue building an enduring organization that attracts and supports the nations best dental practitioners. This organization was founded with a mission to expand access to high quality care in underserved communities, especially for children, and I am proud to become part of that tradition. ABOUT BENEVIS DENTAL PRACTICE MANAGEMENT SERVICES Benevis is focused on improving access to dentistry by providing the highest quality non-clinical practice management services to dentists. With a strong focus on supporting oral healthcare opportunities for underserved communities, including for children, the Company affiliates with top dentists throughout the country, providing support services that help them better manage and grow their practices and focus on providing high-quality care to their patients. Benevis dental offices have more than 2 million patient visits per year in 17 states. Answer:
Benevis Announces the Appointment of Craig Albright as Chief Executive Officer
MARIETTA, Ga.--(BUSINESS WIRE)--Benevis, a leading dental practice management organization, today announced the appointment of Craig Albright as Chief Executive Officer. We are pleased to welcome Craig as our new CEO, he brings the right experience and skills to lead Benevis in the next stage of its growth, said Daniel D. Crowley, Executive Chairman. Our company has a great team supporting excellent dentists, and the organization is a robust platform on which to build; Craig is the right leader for Benevis as it continues to grow and serve the dental community. Mr. Albright has more than 25 years of experience leading successful growth and transformation strategies at healthcare organizations. Most recently he was CEO of InHealth Medical Alliance, Inc., one of the largest globally capitated primary care physician groups in Florida. Prior to that he was CEO of JSA Healthcare Corporation, then a division of DaVita Medical Group. He was also a CEO and/or board member for several portfolio companies of Three Arch Partners, including Free and Clear, Inc., a smoking cessation program provider; Gentiae Clinical Research, Inc.; and U. S. HealthWorks, the nations second-largest practice management organization for occupational medicine and urgent care physicians. As an organization dedicated to supporting high quality care and patient service and distinguished by the caliber of the dentists affiliated with it, Benevis is exceptionally well positioned for a leadership role in the dental industry in the months and years ahead, said Mr. Albright. I look forward to working with our team at Benevis to continue building an enduring organization that attracts and supports the nations best dental practitioners. This organization was founded with a mission to expand access to high quality care in underserved communities, especially for children, and I am proud to become part of that tradition. ABOUT BENEVIS DENTAL PRACTICE MANAGEMENT SERVICES Benevis is focused on improving access to dentistry by providing the highest quality non-clinical practice management services to dentists. With a strong focus on supporting oral healthcare opportunities for underserved communities, including for children, the Company affiliates with top dentists throughout the country, providing support services that help them better manage and grow their practices and focus on providing high-quality care to their patients. Benevis dental offices have more than 2 million patient visits per year in 17 states.
edtsum905
You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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)--Bruker Corporation (Nasdaq: BRKR), a leading supplier of single-plane illumination microscopy (SPIM) technology for research on live cells and cleared biological samples, today announced that two Luxendo MuVi and LCS SPIM light-sheet microscopes have been installed by Memorial Sloan Kettering Cancer Center (MSK). The funding for the two light-sheet fluorescence microscopes was supported by Cycle for Survival (https://www.cycleforsurvival.org). The new SPIM microscopes will help researchers visualize the cellular and tissue hallmarks of cancer and translate those findings into better cancer treatment methods. By understanding how cells mobilize to build organs, researchers can glean insights into why some cells become cancerous and lead to organ destruction, said Dr. Anna-Katerina Hadjantonakis, MSK Chair of the Developmental Biology Program. Instruments such as these are useful for imaging across differing length scales from subcellular to single cells to tissue-level processes allowing researchers to study cellular dynamics and cellular motion, processes that enable cells to metastasize. Light-sheet fluorescence microscopy has emerged as a uniquely powerful method for high-resolution, cleared-sample and dynamic biological imaging, added Dr. Lars Hufnagel, Vice President and General Manager of Brukers Luxendo light-sheet microscopy business. We couldnt be more pleased that our technology will be assisting the great MSK researchers and programs in such important work. About the MuVi and LCS SPIM Systems Brukers SPIM systems avoid sample phototoxicity by sequentially illuminating a stack of small slices of the organism, allowing scientists to observe living organisms for extended periods of time without photodamage. In particular, MuVi SPIM allows fast 3D imaging of live cells and living objects, such as spheroids and whole specimens, without the need of sample rotation. Despite the fact that sample rotation is not necessarily needed for a non-isotropic acquisition, the MuVi SPIM system provides this degree of freedom such that isotropic resolution can be achieved. The modular LCS SPIM for large, cleared samples has been designed to be compatible with a broad variety of clearing solutions and sample sizes. Its new sample mounting approach and innovative optical design enables unprecedented acquisition times and minimizes sample distortions while seamlessly integrating into existing clearing and sample preparation pipelines. To handle the vast amount of data produced by the light-sheet technique, Lux DATA comprehensive data processing and storage provides fast transfer and large-capacity storage and leverages multi-core- and multi-GPU-based processing. About Bruker Corporation (Nasdaq: BRKR) Bruker is enabling scientists to make breakthrough discoveries and develop new applications that improve the quality of human life. Brukers high performance scientific instruments and high value analytical and diagnostic solutions enable scientists to explore life and materials at molecular, cellular and microscopic levels. In close cooperation with our customers, Bruker is enabling innovation, improved productivity and customer success in life science molecular and cell biology research, in applied and pharma applications, in microscopy and nanoanalysis, as well as in industrial applications. Bruker offers differentiated, high-value life science and diagnostics systems and solutions in preclinical imaging, clinical phenomics research, proteomics and multiomics, spatial and single-cell biology, functional structural and condensate biology, as well as in clinical microbiology and molecular diagnostics. For more information, please visit: www.bruker.com. Answer:
Bruker Light-Sheet Microscopes at Major Comprehensive Cancer Center New Advanced Imaging Center Powered by Two MuVi and LCS SPIM Microscopes
NEW YORK--(BUSINESS WIRE)--Bruker Corporation (Nasdaq: BRKR), a leading supplier of single-plane illumination microscopy (SPIM) technology for research on live cells and cleared biological samples, today announced that two Luxendo MuVi and LCS SPIM light-sheet microscopes have been installed by Memorial Sloan Kettering Cancer Center (MSK). The funding for the two light-sheet fluorescence microscopes was supported by Cycle for Survival (https://www.cycleforsurvival.org). The new SPIM microscopes will help researchers visualize the cellular and tissue hallmarks of cancer and translate those findings into better cancer treatment methods. By understanding how cells mobilize to build organs, researchers can glean insights into why some cells become cancerous and lead to organ destruction, said Dr. Anna-Katerina Hadjantonakis, MSK Chair of the Developmental Biology Program. Instruments such as these are useful for imaging across differing length scales from subcellular to single cells to tissue-level processes allowing researchers to study cellular dynamics and cellular motion, processes that enable cells to metastasize. Light-sheet fluorescence microscopy has emerged as a uniquely powerful method for high-resolution, cleared-sample and dynamic biological imaging, added Dr. Lars Hufnagel, Vice President and General Manager of Brukers Luxendo light-sheet microscopy business. We couldnt be more pleased that our technology will be assisting the great MSK researchers and programs in such important work. About the MuVi and LCS SPIM Systems Brukers SPIM systems avoid sample phototoxicity by sequentially illuminating a stack of small slices of the organism, allowing scientists to observe living organisms for extended periods of time without photodamage. In particular, MuVi SPIM allows fast 3D imaging of live cells and living objects, such as spheroids and whole specimens, without the need of sample rotation. Despite the fact that sample rotation is not necessarily needed for a non-isotropic acquisition, the MuVi SPIM system provides this degree of freedom such that isotropic resolution can be achieved. The modular LCS SPIM for large, cleared samples has been designed to be compatible with a broad variety of clearing solutions and sample sizes. Its new sample mounting approach and innovative optical design enables unprecedented acquisition times and minimizes sample distortions while seamlessly integrating into existing clearing and sample preparation pipelines. To handle the vast amount of data produced by the light-sheet technique, Lux DATA comprehensive data processing and storage provides fast transfer and large-capacity storage and leverages multi-core- and multi-GPU-based processing. About Bruker Corporation (Nasdaq: BRKR) Bruker is enabling scientists to make breakthrough discoveries and develop new applications that improve the quality of human life. Brukers high performance scientific instruments and high value analytical and diagnostic solutions enable scientists to explore life and materials at molecular, cellular and microscopic levels. In close cooperation with our customers, Bruker is enabling innovation, improved productivity and customer success in life science molecular and cell biology research, in applied and pharma applications, in microscopy and nanoanalysis, as well as in industrial applications. Bruker offers differentiated, high-value life science and diagnostics systems and solutions in preclinical imaging, clinical phenomics research, proteomics and multiomics, spatial and single-cell biology, functional structural and condensate biology, as well as in clinical microbiology and molecular diagnostics. For more information, please visit: www.bruker.com.