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edtsum909

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: NEW YORK, Dec.3, 2020 /PRNewswire/ --Kubient(NasdaqCM: KBNT, KBNTW), the cloud advertising marketplace that enables advertisers and publishers to reach, monetize and connect their audiences efficiently and effectively, today announced the identification of previously undetected fraudulent synthetic network (SynthNet) designed to present web based or computer generated traffic as legitimate mobile application traffic coming from premium app publishers. The SynthNet fraud was detected through Kubient's Artificial Intelligence (KAI), an in-stream ad-fraud prevention tool that uses pattern recognition and device scoring to catch and identify fraud before it happens. The result was a significant amount of fraudulent website and computer traffic being transmitted that claimed to come from mobile sources like The Washington Post, Weather Underground, and a mixture of apps in other categories such as gaming, entertainment, utilities, shopping, and food. SynthNet is a Central Control System (CCS) bot, meaning it doesn't infect devices or make calls from third party networks, but rather it is deployed directly by the fraudsters on their own systems. These bad actors use it to sell fraudulent traffic as a video ad placement which offers a higher payout to the publisher compared to traditional display advertising. To deploy SynthNet at large scale and have wide saturation across the United States, SynthNet used a Cloud Service Broker (CSB). The service enabled SynthNet to be deployed across multiple cloud providers such as AWS, Google and Azure without needing a direct account with the services and it allows them to continue to operate and deploy if they are disabled from any single provider. "Bad actors are getting smarter about finding ways to send false impressions," said Paul Roberts, Interim CEO and founder of Kubient. "We continue to urge advertisers to be cautious of the partners they allow into their tech stacks and remain skeptical about suspicious activity or CPMs that appear to be too good to be true. As ad budgets are still recovering due to COVID-19, it's important that media buyers are buying quality inventory and are catching fraud as soon as possible." The KAI algorithm is trained to analyze the behavior, consistency, and quality to determine audience credibility - accurately flagging fraud within the 300 milliseconds time frame of a programmatic advertising auction. In fact, Kubient's technology catches it in less than 10 milliseconds, which the company believes is faster than any other tool on the market. In the case of SynthNet, Kubient saw two things in a routine analysis of KAI: Fingerprint device information called "User Agents" that were being used in the auction requests which were many versions passed the current iterations of the web browsers they portrayed; and The same "User Agents" were in fact Mobile Web traffic, yet the criminals were attempting to sell the advertising impressions as Mobile App traffic. "Fraudsters have devised simplistic yet agile systems that allow them to do less work but achieve maximum impact while evading typical anti-fraud measures," stated Roberts. "KAI technology goes beyond the narrow scope our competitors are relying on and allows us to weed out this new crop of criminals quickly before our clients spend any money." Following the unveiling of the fraud, Kubient reached out to the three companies that had been impacted by the invalid traffic and is working to future proof their ad operations moving forward. This discovery comes on the heels of the Kubient Fraud Prevention Team also discovering Weasel Fraud in October. To learn more about Kubient and read the full white paper, view the Weasel Fraud White Paper. About KubientKubient is a technology company with a mission to transform the digital advertising industry to audience-based marketing. Kubient's next generation cloud-based infrastructure enables efficient marketplace liquidity for buyers and sellers of digital advertising. The Kubient Audience Cloud is a flexible open marketplace for advertisers and publishers to reach, monetize and connect their audiences. Kubient's platform provides a transparent programmatic environment with proprietary artificial intelligence-powered pre-bid ad fraud prevention, and proprietary real-time bidding (RTB) marketplace automation for the digital out of home industry. The Audience Cloud is the solution for brands and publishers that demand transparency and the ability to reach audiences across all channels and ad formats. For additional information, please visit www.kubient.com. Forward-Looking StatementsThe information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act. Kubient Public RelationsClarity PR Molly GagnonT: 1-646-934-6924[emailprotected] Kubient Investor RelationsGateway Investor RelationsMatt Glover and Tom ColtonT: 1-949-574-3860[emailprotected] SOURCE Kubient Related Links https://kubient.com Answer:

Kubient's KAI Identifies SynthNet Ad Fraud, Impacting Mobile App Ad Ecosystem Fraud scheme targeting the mobile app space and evading detection from traditional linear fraud systems identified by KAI platform

NEW YORK, Dec.3, 2020 /PRNewswire/ --Kubient(NasdaqCM: KBNT, KBNTW), the cloud advertising marketplace that enables advertisers and publishers to reach, monetize and connect their audiences efficiently and effectively, today announced the identification of previously undetected fraudulent synthetic network (SynthNet) designed to present web based or computer generated traffic as legitimate mobile application traffic coming from premium app publishers. The SynthNet fraud was detected through Kubient's Artificial Intelligence (KAI), an in-stream ad-fraud prevention tool that uses pattern recognition and device scoring to catch and identify fraud before it happens. The result was a significant amount of fraudulent website and computer traffic being transmitted that claimed to come from mobile sources like The Washington Post, Weather Underground, and a mixture of apps in other categories such as gaming, entertainment, utilities, shopping, and food. SynthNet is a Central Control System (CCS) bot, meaning it doesn't infect devices or make calls from third party networks, but rather it is deployed directly by the fraudsters on their own systems. These bad actors use it to sell fraudulent traffic as a video ad placement which offers a higher payout to the publisher compared to traditional display advertising. To deploy SynthNet at large scale and have wide saturation across the United States, SynthNet used a Cloud Service Broker (CSB). The service enabled SynthNet to be deployed across multiple cloud providers such as AWS, Google and Azure without needing a direct account with the services and it allows them to continue to operate and deploy if they are disabled from any single provider. "Bad actors are getting smarter about finding ways to send false impressions," said Paul Roberts, Interim CEO and founder of Kubient. "We continue to urge advertisers to be cautious of the partners they allow into their tech stacks and remain skeptical about suspicious activity or CPMs that appear to be too good to be true. As ad budgets are still recovering due to COVID-19, it's important that media buyers are buying quality inventory and are catching fraud as soon as possible." The KAI algorithm is trained to analyze the behavior, consistency, and quality to determine audience credibility - accurately flagging fraud within the 300 milliseconds time frame of a programmatic advertising auction. In fact, Kubient's technology catches it in less than 10 milliseconds, which the company believes is faster than any other tool on the market. In the case of SynthNet, Kubient saw two things in a routine analysis of KAI: Fingerprint device information called "User Agents" that were being used in the auction requests which were many versions passed the current iterations of the web browsers they portrayed; and The same "User Agents" were in fact Mobile Web traffic, yet the criminals were attempting to sell the advertising impressions as Mobile App traffic. "Fraudsters have devised simplistic yet agile systems that allow them to do less work but achieve maximum impact while evading typical anti-fraud measures," stated Roberts. "KAI technology goes beyond the narrow scope our competitors are relying on and allows us to weed out this new crop of criminals quickly before our clients spend any money." Following the unveiling of the fraud, Kubient reached out to the three companies that had been impacted by the invalid traffic and is working to future proof their ad operations moving forward. This discovery comes on the heels of the Kubient Fraud Prevention Team also discovering Weasel Fraud in October. To learn more about Kubient and read the full white paper, view the Weasel Fraud White Paper. About KubientKubient is a technology company with a mission to transform the digital advertising industry to audience-based marketing. Kubient's next generation cloud-based infrastructure enables efficient marketplace liquidity for buyers and sellers of digital advertising. The Kubient Audience Cloud is a flexible open marketplace for advertisers and publishers to reach, monetize and connect their audiences. Kubient's platform provides a transparent programmatic environment with proprietary artificial intelligence-powered pre-bid ad fraud prevention, and proprietary real-time bidding (RTB) marketplace automation for the digital out of home industry. The Audience Cloud is the solution for brands and publishers that demand transparency and the ability to reach audiences across all channels and ad formats. For additional information, please visit www.kubient.com. Forward-Looking StatementsThe information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act. Kubient Public RelationsClarity PR Molly GagnonT: 1-646-934-6924[emailprotected] Kubient Investor RelationsGateway Investor RelationsMatt Glover and Tom ColtonT: 1-949-574-3860[emailprotected] SOURCE Kubient Related Links https://kubient.com

edtsum920

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced plans to release its fiscal 2021 first quarter financial results on Wednesday, October 28, 2020, before the market opens. The Companys fiscal 2021 first quarter ended September 30, 2020. The quarterly conference call for investors and analysts will begin at 10 a.m. ET on October 28. Neil A. Schrimsher President & CEO, and David K. Wells CFO will discuss the Companys performance. A supplemental investor deck detailing latest quarter results will be available for reference on the Investor Relations portion of the Companys website at www.applied.com. To join the call, dial 877-311-4351 (toll free) or 614-999-9139 (International callers) using conference ID 2164357. A live audio webcast can be accessed online through the investor relations portion of the Companys website at www.applied.com. To help ensure you do not miss any of the conference call, please dial-in or link to the call 15 minutes prior to the scheduled start. Replays of the call will be made available for two weeks via webcast or telephone by dialing 855-859-2056 or 800-585-8367 (both toll free), or 404-537-3406 (International) using conference ID 2164357. About Applied Applied Industrial Technologies is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. Our leading brands, specialized services, and comprehensive knowledge serve MRO and OEM end users in virtually all industrial markets through our multi-channel capabilities that provide choice, convenience, and expertise. For more information, visit www.applied.com. Answer:

Applied Industrial Technologies to Report First Quarter Earnings and Conduct Investor Teleconference on October 28, 2020

CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced plans to release its fiscal 2021 first quarter financial results on Wednesday, October 28, 2020, before the market opens. The Companys fiscal 2021 first quarter ended September 30, 2020. The quarterly conference call for investors and analysts will begin at 10 a.m. ET on October 28. Neil A. Schrimsher President & CEO, and David K. Wells CFO will discuss the Companys performance. A supplemental investor deck detailing latest quarter results will be available for reference on the Investor Relations portion of the Companys website at www.applied.com. To join the call, dial 877-311-4351 (toll free) or 614-999-9139 (International callers) using conference ID 2164357. A live audio webcast can be accessed online through the investor relations portion of the Companys website at www.applied.com. To help ensure you do not miss any of the conference call, please dial-in or link to the call 15 minutes prior to the scheduled start. Replays of the call will be made available for two weeks via webcast or telephone by dialing 855-859-2056 or 800-585-8367 (both toll free), or 404-537-3406 (International) using conference ID 2164357. About Applied Applied Industrial Technologies is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. Our leading brands, specialized services, and comprehensive knowledge serve MRO and OEM end users in virtually all industrial markets through our multi-channel capabilities that provide choice, convenience, and expertise. For more information, visit www.applied.com.

edtsum925

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: TULSA, Okla., May 20, 2020 /PRNewswire/ --The GPA Midstream Association and affiliated GPSA midstream suppliers association today recognize several individuals with distinguished service awards. "GPA Midstream is a member-driven organization with a small professional staff, so we depend heavily on volunteers," said GPA Midstream President and CEO Joel Moxley. "These individuals have consistently gone above and beyond to help GPA Midstream carry out our mission and, to put it frankly, get things done. All have their own busy and challenging jobs, but theyalso consistently show up and deliver to the needs of our association and this industry, and we are pleased to recognize them for their selfless dedication in this way." The GPA Midstream Lifetime Achievement Award honors individuals who have positively impacted the association and midstream industry through career efforts and achievements. GPA Midstream presents its 2020 Lifetime Achievement Award to Gary Bartlett, president of Bartlett Equipment Co. (Tulsa, Okla.). Bartlett served as a GPSA director for 24 years, and his active participation influenced the advancement of the midstream industry and the processor/supplier relationship during his nearly 50-year career. The Donald L. Katz Award, one of GPA Midstream's highest honors, recognizes outstanding accomplishments in midstream research and technology and excellence in engineering education. The 2020 Katz Award goes to Dr. Jrgen Gmehling, retired German professor of technical and industrial chemistry at the Carl von Ossietzky University of Oldenburg, known worldwide for his work in the fields of thermodynamics, technical chemistry and chemical engineering. His scientific and practical merits are innumerable, and many are now standard practice for virtually all chemical engineers. The association presents distinguished service award for notable industry and association contributions and longtime service, and four individuals are honored this year: Alan Dove, principal, Dove Consulting and Design (Oklahoma City); Steve Johnson, vice president of government relations, ONEOK (Tulsa, Okla.); John Mollenkopf, former chief operating officer, MarkWest Energy Partners (Denver); and Wouter van Kempen, chairman, president and CEO, DCP Midstream (Denver). GPA Midstream's Committee Leader of the Year Award is an individual recognition bestowed for outstanding service in leading association committee activities over the previous year. The 2020 GPA Midstream committee leaders of the year are: Jaron Hill, Pegasus EHS (Edmond, Okla.), GPA Midstream Environmental Committee chair; Dan McCartney, McCartney Gas Advisors (Overland Park, Kan.), GPA Midstream Research Committee Subgroup 1 chair; Jena Resnick, Antero Resources (Denver), GPA Midstream Environmental Committee vice chair; and Jeff Stake, OGT (Odessa, Texas), LLC, GPSA Membership Committee chair. The Committee Volunteer of the Year Award is for significant participation and contributions to GPA Midstream committees in the previous year. The committee volunteers of the year are: Jerry Barnhill, DCP Midstream (Denver); Brian Booth, Enterprise Products (Houston); Leslie Crissup, Enable Midstream Partners (Oklahoma City); Bret Fox, DCP Midstream (Denver); Mike Hegarty, H2W United (Greenwood Village, Colo.); Laura Higgins, DCP Midstream (Denver); Stewart Markgraf, ONEOK (Tulsa, Okla.); Trevor Morrison, Western Midstream Partners (The Woodlands, Texas); Jeff Morton, Enterprise Products (Houston); Andrew Parker, SPL (Houston); Melanie Roberts, Targa Resources (Houston); and Phil Roberts, Williams (Tulsa, Okla.). GPA Midstream and GPSA traditionally present these and other awards to companies and individuals at the GPA Midstream Convention where more than 2,000 midstream professionals gather, but this year's annual meeting scheduled for mid-April in New Orleans was canceled due to COVID-19. In lieu of the on-site recognitions, the association has released a professionally produced awards video to give due credit to recipients of the 2020 honors; it is available for viewing here: GPAmidstream.org/awards/2020-recognition. For more information about these awards and other midstream honors, visit GPAMidstream.org/awards. GPA Midstream Association represents more than 70 corporate members of all sizes. GPA Midstream members are engaged in the gathering and processing of natural gas into saleable pipeline gas, which are commonly referred to as midstream activities in the energy industry. As the primary advocates for the midstream industry, the association enhances the viability of natural gas, natural gas liquids and crude oil through research, technical, environmental, safety and advocacy activities. For more information, visit GPAmidstream.org. GPSA is GPA Midstream's affiliated association representing more than 400 companies engaged in meeting the service and supply needs of the midstream industry. An elected board of directors establishes policies and directs GPSA activities. The association shares a small staff within GPA Midstream's office in Tulsa, Okla. For more information, visit GPSAmidstreamsuppliers.org. SOURCE GPA Midstream Association Related Links https://gpamidstream.org Answer:

GPA Midstream, GPSA present service awards to dedicated volunteers

TULSA, Okla., May 20, 2020 /PRNewswire/ --The GPA Midstream Association and affiliated GPSA midstream suppliers association today recognize several individuals with distinguished service awards. "GPA Midstream is a member-driven organization with a small professional staff, so we depend heavily on volunteers," said GPA Midstream President and CEO Joel Moxley. "These individuals have consistently gone above and beyond to help GPA Midstream carry out our mission and, to put it frankly, get things done. All have their own busy and challenging jobs, but theyalso consistently show up and deliver to the needs of our association and this industry, and we are pleased to recognize them for their selfless dedication in this way." The GPA Midstream Lifetime Achievement Award honors individuals who have positively impacted the association and midstream industry through career efforts and achievements. GPA Midstream presents its 2020 Lifetime Achievement Award to Gary Bartlett, president of Bartlett Equipment Co. (Tulsa, Okla.). Bartlett served as a GPSA director for 24 years, and his active participation influenced the advancement of the midstream industry and the processor/supplier relationship during his nearly 50-year career. The Donald L. Katz Award, one of GPA Midstream's highest honors, recognizes outstanding accomplishments in midstream research and technology and excellence in engineering education. The 2020 Katz Award goes to Dr. Jrgen Gmehling, retired German professor of technical and industrial chemistry at the Carl von Ossietzky University of Oldenburg, known worldwide for his work in the fields of thermodynamics, technical chemistry and chemical engineering. His scientific and practical merits are innumerable, and many are now standard practice for virtually all chemical engineers. The association presents distinguished service award for notable industry and association contributions and longtime service, and four individuals are honored this year: Alan Dove, principal, Dove Consulting and Design (Oklahoma City); Steve Johnson, vice president of government relations, ONEOK (Tulsa, Okla.); John Mollenkopf, former chief operating officer, MarkWest Energy Partners (Denver); and Wouter van Kempen, chairman, president and CEO, DCP Midstream (Denver). GPA Midstream's Committee Leader of the Year Award is an individual recognition bestowed for outstanding service in leading association committee activities over the previous year. The 2020 GPA Midstream committee leaders of the year are: Jaron Hill, Pegasus EHS (Edmond, Okla.), GPA Midstream Environmental Committee chair; Dan McCartney, McCartney Gas Advisors (Overland Park, Kan.), GPA Midstream Research Committee Subgroup 1 chair; Jena Resnick, Antero Resources (Denver), GPA Midstream Environmental Committee vice chair; and Jeff Stake, OGT (Odessa, Texas), LLC, GPSA Membership Committee chair. The Committee Volunteer of the Year Award is for significant participation and contributions to GPA Midstream committees in the previous year. The committee volunteers of the year are: Jerry Barnhill, DCP Midstream (Denver); Brian Booth, Enterprise Products (Houston); Leslie Crissup, Enable Midstream Partners (Oklahoma City); Bret Fox, DCP Midstream (Denver); Mike Hegarty, H2W United (Greenwood Village, Colo.); Laura Higgins, DCP Midstream (Denver); Stewart Markgraf, ONEOK (Tulsa, Okla.); Trevor Morrison, Western Midstream Partners (The Woodlands, Texas); Jeff Morton, Enterprise Products (Houston); Andrew Parker, SPL (Houston); Melanie Roberts, Targa Resources (Houston); and Phil Roberts, Williams (Tulsa, Okla.). GPA Midstream and GPSA traditionally present these and other awards to companies and individuals at the GPA Midstream Convention where more than 2,000 midstream professionals gather, but this year's annual meeting scheduled for mid-April in New Orleans was canceled due to COVID-19. In lieu of the on-site recognitions, the association has released a professionally produced awards video to give due credit to recipients of the 2020 honors; it is available for viewing here: GPAmidstream.org/awards/2020-recognition. For more information about these awards and other midstream honors, visit GPAMidstream.org/awards. GPA Midstream Association represents more than 70 corporate members of all sizes. GPA Midstream members are engaged in the gathering and processing of natural gas into saleable pipeline gas, which are commonly referred to as midstream activities in the energy industry. As the primary advocates for the midstream industry, the association enhances the viability of natural gas, natural gas liquids and crude oil through research, technical, environmental, safety and advocacy activities. For more information, visit GPAmidstream.org. GPSA is GPA Midstream's affiliated association representing more than 400 companies engaged in meeting the service and supply needs of the midstream industry. An elected board of directors establishes policies and directs GPSA activities. The association shares a small staff within GPA Midstream's office in Tulsa, Okla. For more information, visit GPSAmidstreamsuppliers.org. SOURCE GPA Midstream Association Related Links https://gpamidstream.org

edtsum928

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 & CHICAGO--(BUSINESS WIRE)--School may look a little different for students this year. Lunchables, the brand known for bringing mixed up fun to mealtime, is here to help you navigate the school year on the right foot to make the new school rules and guidelines more fun and friendly. Today through September 11, families can call 1-877-BTS-RULZ for the ultimate choose-your-own-adventure experience that takes them on a mixed-up journey with the brands characters, Platy and Jackie. After dialing, families choose whether theyll start at music or art class, but from there the journey is up to them! Each choice leads to twists and turns, like learning a joke or picking out an awesome mask, to help kids learn the importance of new school rules like hand washing, mask wearing and social distancing in a fun way. Its no secret that going back to school has taken on a new meaning for families and kids this year, said Rachel Drof, Marketing Director, Lunchables. We came up with the idea of opening the Lunchables New School Rules Hotline to help families navigate this new normal and start the year off right with a little mixed up fun. In addition to the hotline, Lunchables launched a new creative campaign on August 17 created by dentsumcgarrybowen titled, New School Rules. Lunchables characters Platy and Jackie guide kids through the new back-to-school rules with a mixed-up fun twist. Check out the three new 15-second spots about social distancing, hand washing and face mask etiquette. To make new friends with Platy and Jackie and learn more about the Lunchables New School Rules Hotline, visit Lunchables.com or follow along on social media via Twitter, Instagram or Facebook. ABOUT THE KRAFT HEINZ COMPANY For 150 years, we have produced some of the worlds most beloved products at The Kraft Heinz Company (Nasdaq: KHC). We are one of the largest global food and beverage companies, with 2019 net sales of approximately $25 billion. Our portfolio is a diverse mix of iconic and emerging brands. As the guardians of these brands and the creators of innovative new products, we are dedicated to the sustainable health of our people and our planet. To learn more, visit www.kraftheinzcompany.com or follow us on LinkedIn and Twitter. Category: Brand Answer:

Lunchables Back-To-School Hotline Helps Families Navigate Mixed-Up School Year Families can call 1-877-BTS-RULZ for a choose-your-own-adventure experience with characters Platy & Jackie

PITTSBURGH & CHICAGO--(BUSINESS WIRE)--School may look a little different for students this year. Lunchables, the brand known for bringing mixed up fun to mealtime, is here to help you navigate the school year on the right foot to make the new school rules and guidelines more fun and friendly. Today through September 11, families can call 1-877-BTS-RULZ for the ultimate choose-your-own-adventure experience that takes them on a mixed-up journey with the brands characters, Platy and Jackie. After dialing, families choose whether theyll start at music or art class, but from there the journey is up to them! Each choice leads to twists and turns, like learning a joke or picking out an awesome mask, to help kids learn the importance of new school rules like hand washing, mask wearing and social distancing in a fun way. Its no secret that going back to school has taken on a new meaning for families and kids this year, said Rachel Drof, Marketing Director, Lunchables. We came up with the idea of opening the Lunchables New School Rules Hotline to help families navigate this new normal and start the year off right with a little mixed up fun. In addition to the hotline, Lunchables launched a new creative campaign on August 17 created by dentsumcgarrybowen titled, New School Rules. Lunchables characters Platy and Jackie guide kids through the new back-to-school rules with a mixed-up fun twist. Check out the three new 15-second spots about social distancing, hand washing and face mask etiquette. To make new friends with Platy and Jackie and learn more about the Lunchables New School Rules Hotline, visit Lunchables.com or follow along on social media via Twitter, Instagram or Facebook. ABOUT THE KRAFT HEINZ COMPANY For 150 years, we have produced some of the worlds most beloved products at The Kraft Heinz Company (Nasdaq: KHC). We are one of the largest global food and beverage companies, with 2019 net sales of approximately $25 billion. Our portfolio is a diverse mix of iconic and emerging brands. As the guardians of these brands and the creators of innovative new products, we are dedicated to the sustainable health of our people and our planet. To learn more, visit www.kraftheinzcompany.com or follow us on LinkedIn and Twitter. Category: Brand

edtsum930

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: SAN DIEGO, March 19, 2020 /PRNewswire/ --Medical Marijuana, Inc.(OTC: MJNA) (the "Company"), the first-ever publicly traded cannabis company in the United States that launched the world's first-ever cannabis-derived nutraceutical products, brands and supply chain, announced today that its portfolio investment company Kannalife, Inc.("Kannalife") (OTCQB: KLFE) has been issued Australian Patent AU2015204609B2 (the "Patent") specific to "Novel Functionalized 1,3-Benzene Diols and their Method of Use for the Treatment of Hepatic Encephalopathy." With this Patent, Kannalife now holds seven patents across the globe. "Medical Marijuana, Inc. and our portfolio of companies such as Kannalife are committed to widening knowledge and acceptance of cannabis and cannabinoid-related studies around the world," said Dr. Stuart Titus, CEO of Medical Marijuana, Inc. "Kannalife is pushing forward that goal with new patents in six countries." KLS-13019 leads Kannalife's intellectual property estate of novel, monotherapeutic molecules ("KLS Family"), which are capable of acting as neuroprotective agents and have the potential to treat a range of diseases, including nervous system, oxidative stress, and neurodegenerative disorders. "With this Patent, we are honored that so many jurisdictions have recognized our IP estate as novel and proprietary," said Dean Petkanas, CEO of Kannalife. "We see this as an important step towards commercializing our lead drug candidate KLS-13019 in several markets in thefuture, including the Australian pharmaceutical market, which is expected to reach $32.1 billion in 2020 alone." Of the seven patents issued to Kannalife on this technology, two are U.S. patents and five are foreign patents claiming priority to Kannalife's original 2014 U.S. filing date through international application PCT/US2015/010827, which was published as WO2015/106108A2titled, "Novel Functionalized 1,3-Benzene Diols and their Method of Use for the Treatment of Hepatic Encephalopathy" (the "PCT Patent"). Additionally, Kannalife has national phase patent applications based on the PCT Patent application pending in Canada, Brazil and India. About KLS-13019KLS-13019is Kannalife's leading proprietary, investigational, novel, monotherapeutic product for the potential treatment of a range of neurodegenerative and neuropathic pain disorders, beginning with chemotherapy-induced peripheral neuropathy (CIPN). KLS-13019 has not been reviewed or approved for patient use by the U.S. Food and Drug Administration (FDA) or any other healthcare authority in the world. It's safety and efficacy have not been confirmed by FDA-approved research. About Kannalife, Inc.Kannalife, Inc.is a biopharmaceutical med-chem company focused on the development of proprietary and patented novel monotherapeutic molecules for patients suffering from unmet medical needs of neurodegenerative disorders - including chemotherapy-induced peripheral neuropathy (CIPN), a chronic neuropathy caused by toxic chemotherapeutic agents; hepatic encephalopathy (HE), a neurotoxic brain-liver disorder caused by excessive concentrations of ammonia and ethanol in the brain; mild traumatic brain injury (mTBI), a disorder associated with single and repetitive impact injuries; and chronic traumatic encephalopathy (CTE), a disease associated with highly repetitive impact injuries in professional and amateur sports. The Company's KLS Family of proprietary molecules focuses on treating oxidative stress-related diseases such as HE, chronic pain from neuropathies like CIPN, and neurodegenerative diseases like CTE. Kannalife conducts its research and development efforts at the Pennsylvania Biotechnology Center of Bucks County in Doylestown, PA. For more information about Kannalife, Inc., visit www.kannalife.com and visit the Company's Twitter page at @Kannalife. About Medical Marijuana, Inc.We are a company of firsts. Medical Marijuana, Inc. (MJNA) is a cannabis company with three distinct business units in the non-psychoactive cannabinoid space: a global portfolio of cannabinoid-based nutraceutical brands led by Kannaway and HempMeds; a pioneer in sourcing the highest-quality legal non-psychoactive cannabis products derived from industrial hemp; and a cannabinoid-based clinical research and botanical drug development sector led by its pharmaceutical investment companies and partners includingAXIM Biotechnologies, Inc. andKannalife, Inc. Medical Marijuana, Inc. was named a top CBD producer by CNBC. Medical Marijuana, Inc. was also the first company to receive historic import permits for CBD products from the governments of Brazil, Mexico, Argentina, and Paraguay and is a leader in the development of international markets. The company's flagship product Real Scientific Hemp Oil has been used in several successful clinical studies throughout Mexico and Brazil to understand its safety and efficacy. Medical Marijuana, Inc.'s headquarters is in San Diego, California, and additional information is available at OTCMarkets.com or by visiting www.medicalmarijuanainc.com. To see Medical Marijuana, Inc.'s corporate video, click here. Shareholders and consumers are also encouraged to buy CBD oil and other products at Medical Marijuana, Inc.'s shop. FORWARD-LOOKING DISCLAIMERThis press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Medical Marijuana, Inc. to be materially different from the statements made herein. FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSUREThese statements have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure, or prevent any disease. LEGAL DISCLOSUREMedical Marijuana, Inc. does not sell or distribute any products that are in violation of the United States Controlled Substances Act. CONTACT:Public Relations Contact:Andrew HardChief Executive OfficerCMW MediaP. 858-264-6600[emailprotected] www.cmwmedia.com Investor Relations Contact:P. (858) 283-4016[emailprotected] SOURCE Medical Marijuana, Inc. Related Links http://cmwmedia.com Answer:

Medical Marijuana, Inc. Portfolio Investment Company Kannalife, Inc. Receives Patent in Australia for Its Novel Monotherapeutic Compounds to Treat CNS and PNS Disorders

SAN DIEGO, March 19, 2020 /PRNewswire/ --Medical Marijuana, Inc.(OTC: MJNA) (the "Company"), the first-ever publicly traded cannabis company in the United States that launched the world's first-ever cannabis-derived nutraceutical products, brands and supply chain, announced today that its portfolio investment company Kannalife, Inc.("Kannalife") (OTCQB: KLFE) has been issued Australian Patent AU2015204609B2 (the "Patent") specific to "Novel Functionalized 1,3-Benzene Diols and their Method of Use for the Treatment of Hepatic Encephalopathy." With this Patent, Kannalife now holds seven patents across the globe. "Medical Marijuana, Inc. and our portfolio of companies such as Kannalife are committed to widening knowledge and acceptance of cannabis and cannabinoid-related studies around the world," said Dr. Stuart Titus, CEO of Medical Marijuana, Inc. "Kannalife is pushing forward that goal with new patents in six countries." KLS-13019 leads Kannalife's intellectual property estate of novel, monotherapeutic molecules ("KLS Family"), which are capable of acting as neuroprotective agents and have the potential to treat a range of diseases, including nervous system, oxidative stress, and neurodegenerative disorders. "With this Patent, we are honored that so many jurisdictions have recognized our IP estate as novel and proprietary," said Dean Petkanas, CEO of Kannalife. "We see this as an important step towards commercializing our lead drug candidate KLS-13019 in several markets in thefuture, including the Australian pharmaceutical market, which is expected to reach $32.1 billion in 2020 alone." Of the seven patents issued to Kannalife on this technology, two are U.S. patents and five are foreign patents claiming priority to Kannalife's original 2014 U.S. filing date through international application PCT/US2015/010827, which was published as WO2015/106108A2titled, "Novel Functionalized 1,3-Benzene Diols and their Method of Use for the Treatment of Hepatic Encephalopathy" (the "PCT Patent"). Additionally, Kannalife has national phase patent applications based on the PCT Patent application pending in Canada, Brazil and India. About KLS-13019KLS-13019is Kannalife's leading proprietary, investigational, novel, monotherapeutic product for the potential treatment of a range of neurodegenerative and neuropathic pain disorders, beginning with chemotherapy-induced peripheral neuropathy (CIPN). KLS-13019 has not been reviewed or approved for patient use by the U.S. Food and Drug Administration (FDA) or any other healthcare authority in the world. It's safety and efficacy have not been confirmed by FDA-approved research. About Kannalife, Inc.Kannalife, Inc.is a biopharmaceutical med-chem company focused on the development of proprietary and patented novel monotherapeutic molecules for patients suffering from unmet medical needs of neurodegenerative disorders - including chemotherapy-induced peripheral neuropathy (CIPN), a chronic neuropathy caused by toxic chemotherapeutic agents; hepatic encephalopathy (HE), a neurotoxic brain-liver disorder caused by excessive concentrations of ammonia and ethanol in the brain; mild traumatic brain injury (mTBI), a disorder associated with single and repetitive impact injuries; and chronic traumatic encephalopathy (CTE), a disease associated with highly repetitive impact injuries in professional and amateur sports. The Company's KLS Family of proprietary molecules focuses on treating oxidative stress-related diseases such as HE, chronic pain from neuropathies like CIPN, and neurodegenerative diseases like CTE. Kannalife conducts its research and development efforts at the Pennsylvania Biotechnology Center of Bucks County in Doylestown, PA. For more information about Kannalife, Inc., visit www.kannalife.com and visit the Company's Twitter page at @Kannalife. About Medical Marijuana, Inc.We are a company of firsts. Medical Marijuana, Inc. (MJNA) is a cannabis company with three distinct business units in the non-psychoactive cannabinoid space: a global portfolio of cannabinoid-based nutraceutical brands led by Kannaway and HempMeds; a pioneer in sourcing the highest-quality legal non-psychoactive cannabis products derived from industrial hemp; and a cannabinoid-based clinical research and botanical drug development sector led by its pharmaceutical investment companies and partners includingAXIM Biotechnologies, Inc. andKannalife, Inc. Medical Marijuana, Inc. was named a top CBD producer by CNBC. Medical Marijuana, Inc. was also the first company to receive historic import permits for CBD products from the governments of Brazil, Mexico, Argentina, and Paraguay and is a leader in the development of international markets. The company's flagship product Real Scientific Hemp Oil has been used in several successful clinical studies throughout Mexico and Brazil to understand its safety and efficacy. Medical Marijuana, Inc.'s headquarters is in San Diego, California, and additional information is available at OTCMarkets.com or by visiting www.medicalmarijuanainc.com. To see Medical Marijuana, Inc.'s corporate video, click here. Shareholders and consumers are also encouraged to buy CBD oil and other products at Medical Marijuana, Inc.'s shop. FORWARD-LOOKING DISCLAIMERThis press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Medical Marijuana, Inc. to be materially different from the statements made herein. FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSUREThese statements have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure, or prevent any disease. LEGAL DISCLOSUREMedical Marijuana, Inc. does not sell or distribute any products that are in violation of the United States Controlled Substances Act. CONTACT:Public Relations Contact:Andrew HardChief Executive OfficerCMW MediaP. 858-264-6600[emailprotected] www.cmwmedia.com Investor Relations Contact:P. (858) 283-4016[emailprotected] SOURCE Medical Marijuana, Inc. Related Links http://cmwmedia.com

edtsum957

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: SACRAMENTO, Calif.--(BUSINESS WIRE)--First 5 California released Quick Facts: Professional Development to Support Teachers of Young Dual Language Learners in California, a new brief by the American Institutes for Research (AIR) highlighting the challenges early learning and care programs face and the support they need to ensure early childhood educators receive specialized training to serve dual language learners (DLLs). This study is part of a $20 million initiative by First 5 California to promote high-quality early learning environments for children learning more than one language. The brief summarizes findings from a representative survey of program administrators across California and is now available at https://californiadllstudy.org/reports. In California, nearly 60% of young children are considered dual language learners (DLLs), defined as children who are learning another language in addition to English from birth to five years of age. In 2019, 98% of licensed center-based programs and 70% of licensed family child care homes (FCCHs) in California served at least one DLL. Research shows DLLs have greater academic success over time if both home language and English are supported at an early age. However, many educators lack training on how to work with DLLs, and many programs lack educators who speak the childs home language to facilitate engagement with families. In the study, 78% of centers and 69% of FCCHs reported not having enough early educators trained to work specifically with DLLs. Despite this, only 25% of early learning and care programs require their staff to participate in professional development focused on teaching or supporting DLLs. Early Learning professionals need additional support to access critical teacher training opportunities as well as wages that reflect their value to our children, families and our society. We cannot realize the benefits of dual language learning without an intentional system and an appropriately-trained workforce to support it, stated Mayra E. Alvarez, commissioner, First 5 California and president of The Childrens Partnership, a nonprofit advocacy organization. Findings from a separate survey of program directors in July 2020 highlighted the impact of COVID-19 (https://www.air.org/project/impact-covid-19-early-learning-and-care-california) on continued services for young DLLs. Fewer than one-quarter of programs received guidance or resources to support DLLs during the school closures. When teachers arent trained in the unique needs of Dual Language Learners, we exclude a huge portion of Californias kids from reaping the full benefits of Early Learning, said Patricia Lozano, Executive Director of Early Edge California. By overlooking these kids, we create long-term barriers for their ultimate success in school and in life. If we get teacher training right for our DLLs, California ensures that all children get access to quality Early Learning. Proposition 227 effectively dismantled bilingual instruction in 1998 by severely restricting bilingual education in K12 classrooms. However, Californians attitudes have shifted in recent years. Proposition 227 was repealed by Proposition 58 in 2016. Additionally, since about 2008, resources became more readily available to educators for enhancing their ability to provide classroom instruction with tools vital for shaping local practices in early learning settings. To identify effective and scalable practices, First 5 California launched the Dual Language Learner Pilot Study in 2017. Most recently, support for DLLs is identified as a priority in Governor Gavin Newsoms Master Plan for Early Learning and Care: California for All Kids. California has an opportunity and responsibility to support DLLs in reaching their full academic potential. Given the large number of DLLs in California in its early learning and care programs, the findings of these surveys uphold the recommendations of the Master Plan for Early Learning and Care to invest in DLL-specific professional development opportunities, said Camille Maben, executive director of First 5 California, the states early childhood Commission. These opportunities must ensure a qualified workforce that can support DLLs in all types of early learning programs, especially as the early learning system recovers from the impact of the COVID-19 pandemic. About First 5 California First 5 California was established in 1998 when voters passed Proposition 10, which taxes tobacco products to fund services for children ages 0 to 5 and their families. First 5 California programs and resources are designed to educate and support teachers, parents, and caregivers in the critical role they play during a child's first five years to help California kids receive the best possible start in life and thrive. For more information, please visit www.ccfc.ca.gov. Answer:

More Than Three-Fourths of Early Learning Centers Lack Educators Trained to Work With Dual Language Learners

SACRAMENTO, Calif.--(BUSINESS WIRE)--First 5 California released Quick Facts: Professional Development to Support Teachers of Young Dual Language Learners in California, a new brief by the American Institutes for Research (AIR) highlighting the challenges early learning and care programs face and the support they need to ensure early childhood educators receive specialized training to serve dual language learners (DLLs). This study is part of a $20 million initiative by First 5 California to promote high-quality early learning environments for children learning more than one language. The brief summarizes findings from a representative survey of program administrators across California and is now available at https://californiadllstudy.org/reports. In California, nearly 60% of young children are considered dual language learners (DLLs), defined as children who are learning another language in addition to English from birth to five years of age. In 2019, 98% of licensed center-based programs and 70% of licensed family child care homes (FCCHs) in California served at least one DLL. Research shows DLLs have greater academic success over time if both home language and English are supported at an early age. However, many educators lack training on how to work with DLLs, and many programs lack educators who speak the childs home language to facilitate engagement with families. In the study, 78% of centers and 69% of FCCHs reported not having enough early educators trained to work specifically with DLLs. Despite this, only 25% of early learning and care programs require their staff to participate in professional development focused on teaching or supporting DLLs. Early Learning professionals need additional support to access critical teacher training opportunities as well as wages that reflect their value to our children, families and our society. We cannot realize the benefits of dual language learning without an intentional system and an appropriately-trained workforce to support it, stated Mayra E. Alvarez, commissioner, First 5 California and president of The Childrens Partnership, a nonprofit advocacy organization. Findings from a separate survey of program directors in July 2020 highlighted the impact of COVID-19 (https://www.air.org/project/impact-covid-19-early-learning-and-care-california) on continued services for young DLLs. Fewer than one-quarter of programs received guidance or resources to support DLLs during the school closures. When teachers arent trained in the unique needs of Dual Language Learners, we exclude a huge portion of Californias kids from reaping the full benefits of Early Learning, said Patricia Lozano, Executive Director of Early Edge California. By overlooking these kids, we create long-term barriers for their ultimate success in school and in life. If we get teacher training right for our DLLs, California ensures that all children get access to quality Early Learning. Proposition 227 effectively dismantled bilingual instruction in 1998 by severely restricting bilingual education in K12 classrooms. However, Californians attitudes have shifted in recent years. Proposition 227 was repealed by Proposition 58 in 2016. Additionally, since about 2008, resources became more readily available to educators for enhancing their ability to provide classroom instruction with tools vital for shaping local practices in early learning settings. To identify effective and scalable practices, First 5 California launched the Dual Language Learner Pilot Study in 2017. Most recently, support for DLLs is identified as a priority in Governor Gavin Newsoms Master Plan for Early Learning and Care: California for All Kids. California has an opportunity and responsibility to support DLLs in reaching their full academic potential. Given the large number of DLLs in California in its early learning and care programs, the findings of these surveys uphold the recommendations of the Master Plan for Early Learning and Care to invest in DLL-specific professional development opportunities, said Camille Maben, executive director of First 5 California, the states early childhood Commission. These opportunities must ensure a qualified workforce that can support DLLs in all types of early learning programs, especially as the early learning system recovers from the impact of the COVID-19 pandemic. About First 5 California First 5 California was established in 1998 when voters passed Proposition 10, which taxes tobacco products to fund services for children ages 0 to 5 and their families. First 5 California programs and resources are designed to educate and support teachers, parents, and caregivers in the critical role they play during a child's first five years to help California kids receive the best possible start in life and thrive. For more information, please visit www.ccfc.ca.gov.

edtsum959

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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, Nov. 24, 2020 /PRNewswire/ --Park 'N Fly, the nation's leader in off-airport parking, launches Prepaid Parking.Turn your holiday into a way to save this holiday travel season with our 7, 10 and 20 -day discounted prepaid parking options- available for all 15 Park 'N Fly locations around the country. Whether you are going away for a week or longer we offer you a way to park with us at a discounted rate during the busiest travel time of the year. Your prepaid parking allows you to download our app and reserve your parking so you can be guaranteed a space for the upcoming Holiday Season. The Park 'N Fly app also allows you to scan your prepaid reservation in and out of our lot with contactless entry and exit! (PRNewsfoto/Park 'N Fly) Save on travel this holiday travel season with our 7, 10 or 20 day discounted prepaid parking options. Tweet this Order your prepaid parking now before Park 'N Fly gets booked up for the holidays. Or if you are not planning to travel this year purchase our 7, 10 or 20- day prepaid parking for your next year's travel and lock in the low discounted rate before prices increase next year. To purchase your prepaid parking today, visit www.pnf.comor click on the linkhttps://parkingpass.pnf.com/parkingpasses/prepaiddays. AboutPark Holding, Inc. Park Holding, Inc., a BCD Holdings N.V.Company was founded in 1967 as the first off-airport parking company specifically geared toward the business traveler. Today Park 'N Fly operates 17 facilities in 16 markets nationwide. Additionally, Park 'N Fly offers a network of off-airport parking services at over 80 US markets through its internet-based reservation system at PNF.com. Park 'N Fly's goal is to make customers' lives easier by providing more than just parking. The company offers an array of unique services, including car washing & detailing, pet boarding with Pet Paradise Resort, electriccar-charging stations and valet parking. These service offerings and outstanding customer service make Park 'N Fly the first choice in airport parking. For more information, visitwww.pnf.com.About BCD GroupBCD Group is a market leader in the travel industry. The privately-owned company was founded in 1975 by John Fentener van Vlissingen and consists of BCD Travel (global corporate travel management), BCD Meetings & Events (global meetings and events agency), Travix (online travel: CheapTickets, Vliegwinkel, BudgetAir, Flugladen and Vayama), Park 'N Fly (off-airport parking) and Airtrade (consolidationand fulfillment). BCD Group employs over 14,900 people and operates in 109 countries with total sales ofUS$29.8 billionin 2018, includingUS$10.7 billionpartner sales. For more information, visitwww.bcdgroup.com.Media ContactAnne EdwardsVP ofMarketing404.364.8157SOURCE Park 'N Fly Related Links http://www.pnf.com Answer:

Park 'N Fly Now Offers 7, 10 & 20 Days of Prepaid Parking. Just in Time for Holiday Travel!

ATLANTA, Nov. 24, 2020 /PRNewswire/ --Park 'N Fly, the nation's leader in off-airport parking, launches Prepaid Parking.Turn your holiday into a way to save this holiday travel season with our 7, 10 and 20 -day discounted prepaid parking options- available for all 15 Park 'N Fly locations around the country. Whether you are going away for a week or longer we offer you a way to park with us at a discounted rate during the busiest travel time of the year. Your prepaid parking allows you to download our app and reserve your parking so you can be guaranteed a space for the upcoming Holiday Season. The Park 'N Fly app also allows you to scan your prepaid reservation in and out of our lot with contactless entry and exit! (PRNewsfoto/Park 'N Fly) Save on travel this holiday travel season with our 7, 10 or 20 day discounted prepaid parking options. Tweet this Order your prepaid parking now before Park 'N Fly gets booked up for the holidays. Or if you are not planning to travel this year purchase our 7, 10 or 20- day prepaid parking for your next year's travel and lock in the low discounted rate before prices increase next year. To purchase your prepaid parking today, visit www.pnf.comor click on the linkhttps://parkingpass.pnf.com/parkingpasses/prepaiddays. AboutPark Holding, Inc. Park Holding, Inc., a BCD Holdings N.V.Company was founded in 1967 as the first off-airport parking company specifically geared toward the business traveler. Today Park 'N Fly operates 17 facilities in 16 markets nationwide. Additionally, Park 'N Fly offers a network of off-airport parking services at over 80 US markets through its internet-based reservation system at PNF.com. Park 'N Fly's goal is to make customers' lives easier by providing more than just parking. The company offers an array of unique services, including car washing & detailing, pet boarding with Pet Paradise Resort, electriccar-charging stations and valet parking. These service offerings and outstanding customer service make Park 'N Fly the first choice in airport parking. For more information, visitwww.pnf.com.About BCD GroupBCD Group is a market leader in the travel industry. The privately-owned company was founded in 1975 by John Fentener van Vlissingen and consists of BCD Travel (global corporate travel management), BCD Meetings & Events (global meetings and events agency), Travix (online travel: CheapTickets, Vliegwinkel, BudgetAir, Flugladen and Vayama), Park 'N Fly (off-airport parking) and Airtrade (consolidationand fulfillment). BCD Group employs over 14,900 people and operates in 109 countries with total sales ofUS$29.8 billionin 2018, includingUS$10.7 billionpartner sales. For more information, visitwww.bcdgroup.com.Media ContactAnne EdwardsVP ofMarketing404.364.8157SOURCE Park 'N Fly Related Links http://www.pnf.com

edtsum963

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: DUBLIN, Aug. 25, 2020 /PRNewswire/ -- The "Fire Resistant Hydraulic Fluids - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to the 6th edition of this report. The 180-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Global Fire Resistant Hydraulic Fluids Market to Reach $1.6 Billion by 2027Amid the COVID-19 crisis, the global market for Fire Resistant Hydraulic Fluids estimated at US$1.3 Billion in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2027, growing at a CAGR of 3.8% over the period 2020-2027. Water-Based, one of the segments analyzed in the report, is projected to record 3.7% CAGR and reach US$1.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Anhydrous Based segment is readjusted to a revised 4.1% CAGR for the next 7-year period.The U.S. Market is Estimated at $369.6 Million, While China is Forecast to Grow at 3.6% CAGRThe Fire Resistant Hydraulic Fluids market in the U.S. is estimated at US$369.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$289.9 Million by the year 2027 trailing a CAGR of 3.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 3.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.Competitors identified in this market include, among others: American Chemical Technologies, Inc. BASF SE Castrol Ltd. China Petrochemical Corporation (Sinopec Group) DowDupont Inc. Eastman Chemical Company Exxon Mobil Corporation Houghton International, Inc. Idemitsu Kosan Co., Ltd. MORESCO Corporation Quaker Chemical Corporation Southwestern Petroleum Corporation Key Topics Covered: I. INTRODUCTION, METHODOLOGY & REPORT SCOPE II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW Global Competitor Market Shares Fire Resistant Hydraulic Fluid Competitor Market Share Scenario Worldwide (in %): 2019 & 2025 Impact of Covid-19 and a Looming Global Recession 2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS 4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS IV. COMPETITION Total Companies Profiled: 42 For more information about this report visit https://www.researchandmarkets.com/r/abtnq2 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1904 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com Answer:

Insights on the Fire Resistant Hydraulic Fluids Global Market to 2027 - Featuring BASF, Castrol & DowDupont Among Others

DUBLIN, Aug. 25, 2020 /PRNewswire/ -- The "Fire Resistant Hydraulic Fluids - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to the 6th edition of this report. The 180-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Global Fire Resistant Hydraulic Fluids Market to Reach $1.6 Billion by 2027Amid the COVID-19 crisis, the global market for Fire Resistant Hydraulic Fluids estimated at US$1.3 Billion in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2027, growing at a CAGR of 3.8% over the period 2020-2027. Water-Based, one of the segments analyzed in the report, is projected to record 3.7% CAGR and reach US$1.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Anhydrous Based segment is readjusted to a revised 4.1% CAGR for the next 7-year period.The U.S. Market is Estimated at $369.6 Million, While China is Forecast to Grow at 3.6% CAGRThe Fire Resistant Hydraulic Fluids market in the U.S. is estimated at US$369.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$289.9 Million by the year 2027 trailing a CAGR of 3.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 3.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.Competitors identified in this market include, among others: American Chemical Technologies, Inc. BASF SE Castrol Ltd. China Petrochemical Corporation (Sinopec Group) DowDupont Inc. Eastman Chemical Company Exxon Mobil Corporation Houghton International, Inc. Idemitsu Kosan Co., Ltd. MORESCO Corporation Quaker Chemical Corporation Southwestern Petroleum Corporation Key Topics Covered: I. INTRODUCTION, METHODOLOGY & REPORT SCOPE II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW Global Competitor Market Shares Fire Resistant Hydraulic Fluid Competitor Market Share Scenario Worldwide (in %): 2019 & 2025 Impact of Covid-19 and a Looming Global Recession 2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS 4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS IV. COMPETITION Total Companies Profiled: 42 For more information about this report visit https://www.researchandmarkets.com/r/abtnq2 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1904 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com

edtsum966

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: MOUNTAIN VIEW, Calif., June 3, 2020 /PRNewswire/ -- Highlights DesignWare USB4 IP solution, including controllers, routers, PHYs, and verification IP, supports all features in the USB4 specification Support for USB4, DisplayPort with HDCP 2.3 security, PCI Express, and Thunderbolt 3 connectivity protocols through USB Type-C connectors and cables New USB4 router IP tunnels USB, PCIe and DisplayPort protocol traffic while optimizing bandwidth Throughput of up to 20 or 40 Gbps delivers required bandwidth for high-performance edge AI, storage, PC, and tablet SoC designs Synopsys, Inc. (Nasdaq: SNPS) today introduced the industry's first complete DesignWare USB4 IP solution consisting of controllers, routers, PHYs, and verification IP. The DesignWare USB4 IP operates at up to 40 Gbps, which is twice the maximum data rate of USB 3.2 and is backwards compatible with USB 3.x and USB 2.0 systems. The DesignWare USB4 IP supports multiple high-speed interface protocols, including USB4, DisplayPort 1.4a TX, PCI Express, and Thunderbolt 3 for efficient data transfer and simultaneous delivery of data, power, and high-resolution video through a single USB Type-C cable. Synopsys has already achieved successful test chip tapeout of its USB4 IP in an advanced 5nm FinFET process, demonstrating the robustness of the IP across process, voltage, and temperature variations. The new DesignWare USB4 IP is designed to meet the functionality, power, performance, and area requirements of a broad range of storage, PC, and tablet SoC designs as well as software development debug and easy deployment of artificial intelligence (AI) applications at the edge. As the leading provider of USB IP for nearly two decades, Synopsys is enabling designers to lower the risk and adoption barrier of integrating USB4 functionality into their SoCs. The DesignWare USB4 Router IP enables efficient connectivity between all supported protocols and are pre-verified with the USB4 Controller IP for millions of simulated CPU hours to help ensure long-term performance and interoperability. The DesignWare USB4 PHY IP offers a highly efficient power profile while supporting all required protocols in approximately one-third the area of independent PHYs. The Synopsys USB4 Verification IP Solution includes built-in coverage, protocol checkers, Verdi protocol-aware debug technology for Host and Device router topologies, and a comprehensive source code test suite for USB, PCI Express, and DisplayPort tunneled protocols to accelerate verification closure. "As an active member of the USB Implementers Forum (USB-IF) for more than 20 years, Synopsys has helped to advance USB specifications while developing IP products that ease the integration and adoption of the latest USB technologies," said Jeff Ravencraft, president and COO of USB-IF. "Initial USB4 products are expected to appear in late 2020 and the early availability of integration-ready USB4 IP is critical to helping designers incorporate the USB4 interface into their SoCs. Synopsys continues to support the industry by helping designers ensure interoperability and connectivity with billions of USB-enabled devices worldwide." "Synopsys has been at the forefront of providing high-quality, complete IP solutions through every generation of widely used interface standards such as USB," said John Koeter, senior vice president of marketing and strategy for IP at Synopsys. "By providing a complete USB4 IP solution, backed by billions of SoCs shipped with DesignWare USB IP and our long track record of technical expertise, Synopsys enables designers to accelerate the integration of high-performance USB4 functionality into their SoCs with significantly less risk." Availability & Resources DesignWare USB4 PHYs, Device Router, Controllers, and Synopsys Verification IP are available for lead customers now. Visit the Synopsys DesignWare USB4 IP website Download the white paper, "USB4: User Expectations Drive Design Complexity" View the video, "What is USB4? USB, PCIe, DisplayPort with a Single Type-C Connector" About Synopsys DesignWare IP Synopsys is a leading provider of high-quality, silicon-proven IP solutions for SoC designs. The broad Synopsys DesignWare IP portfolio includes logic libraries, embedded memories, embedded test, analog IP, wired and wireless interface IP, security IP, embedded processors, and subsystems. To accelerate prototyping, software development and integration of IP into SoCs, Synopsys' IP Accelerated initiative offers IP prototyping kits, IP software development kits and IP subsystems. Synopsys' extensive investment in IP quality, comprehensive technical support and robust IP development methodology enables designers to reduce integration risk and accelerate time-to-market. For more information on Synopsys DesignWare IP, visit https://www.synopsys.com/designware. About Synopsys Synopsys, Inc. (Nasdaq: SNPS) is the Silicon to Software partner for innovative companies developing the electronic products and software applications we rely on every day. As the world's 15th largest software company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and is also growing its leadership in software security and quality solutions. Whether you're a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing applications that require the highest security and quality, Synopsys has the solutions needed to deliver innovative, high-quality, secure products. Learn more at https://www.synopsys.com/. USB4, USB Type-C and USB-C are trademarks of USB Implementers Forum. Editorial Contacts:Kelly JamesSynopsys, Inc. 650-584-8972[emailprotected] SOURCE Synopsys, Inc. Related Links http://www.synopsys.com Answer:

Synopsys Introduces Industry's First Complete USB4 IP Solution Successful Tapeout of the DesignWare USB4 PHY Test Chip on 5nm Process Reduces Risk and Accelerates Time-to-Market for SoCs Supporting the 40 Gbps USB Specification

MOUNTAIN VIEW, Calif., June 3, 2020 /PRNewswire/ -- Highlights DesignWare USB4 IP solution, including controllers, routers, PHYs, and verification IP, supports all features in the USB4 specification Support for USB4, DisplayPort with HDCP 2.3 security, PCI Express, and Thunderbolt 3 connectivity protocols through USB Type-C connectors and cables New USB4 router IP tunnels USB, PCIe and DisplayPort protocol traffic while optimizing bandwidth Throughput of up to 20 or 40 Gbps delivers required bandwidth for high-performance edge AI, storage, PC, and tablet SoC designs Synopsys, Inc. (Nasdaq: SNPS) today introduced the industry's first complete DesignWare USB4 IP solution consisting of controllers, routers, PHYs, and verification IP. The DesignWare USB4 IP operates at up to 40 Gbps, which is twice the maximum data rate of USB 3.2 and is backwards compatible with USB 3.x and USB 2.0 systems. The DesignWare USB4 IP supports multiple high-speed interface protocols, including USB4, DisplayPort 1.4a TX, PCI Express, and Thunderbolt 3 for efficient data transfer and simultaneous delivery of data, power, and high-resolution video through a single USB Type-C cable. Synopsys has already achieved successful test chip tapeout of its USB4 IP in an advanced 5nm FinFET process, demonstrating the robustness of the IP across process, voltage, and temperature variations. The new DesignWare USB4 IP is designed to meet the functionality, power, performance, and area requirements of a broad range of storage, PC, and tablet SoC designs as well as software development debug and easy deployment of artificial intelligence (AI) applications at the edge. As the leading provider of USB IP for nearly two decades, Synopsys is enabling designers to lower the risk and adoption barrier of integrating USB4 functionality into their SoCs. The DesignWare USB4 Router IP enables efficient connectivity between all supported protocols and are pre-verified with the USB4 Controller IP for millions of simulated CPU hours to help ensure long-term performance and interoperability. The DesignWare USB4 PHY IP offers a highly efficient power profile while supporting all required protocols in approximately one-third the area of independent PHYs. The Synopsys USB4 Verification IP Solution includes built-in coverage, protocol checkers, Verdi protocol-aware debug technology for Host and Device router topologies, and a comprehensive source code test suite for USB, PCI Express, and DisplayPort tunneled protocols to accelerate verification closure. "As an active member of the USB Implementers Forum (USB-IF) for more than 20 years, Synopsys has helped to advance USB specifications while developing IP products that ease the integration and adoption of the latest USB technologies," said Jeff Ravencraft, president and COO of USB-IF. "Initial USB4 products are expected to appear in late 2020 and the early availability of integration-ready USB4 IP is critical to helping designers incorporate the USB4 interface into their SoCs. Synopsys continues to support the industry by helping designers ensure interoperability and connectivity with billions of USB-enabled devices worldwide." "Synopsys has been at the forefront of providing high-quality, complete IP solutions through every generation of widely used interface standards such as USB," said John Koeter, senior vice president of marketing and strategy for IP at Synopsys. "By providing a complete USB4 IP solution, backed by billions of SoCs shipped with DesignWare USB IP and our long track record of technical expertise, Synopsys enables designers to accelerate the integration of high-performance USB4 functionality into their SoCs with significantly less risk." Availability & Resources DesignWare USB4 PHYs, Device Router, Controllers, and Synopsys Verification IP are available for lead customers now. Visit the Synopsys DesignWare USB4 IP website Download the white paper, "USB4: User Expectations Drive Design Complexity" View the video, "What is USB4? USB, PCIe, DisplayPort with a Single Type-C Connector" About Synopsys DesignWare IP Synopsys is a leading provider of high-quality, silicon-proven IP solutions for SoC designs. The broad Synopsys DesignWare IP portfolio includes logic libraries, embedded memories, embedded test, analog IP, wired and wireless interface IP, security IP, embedded processors, and subsystems. To accelerate prototyping, software development and integration of IP into SoCs, Synopsys' IP Accelerated initiative offers IP prototyping kits, IP software development kits and IP subsystems. Synopsys' extensive investment in IP quality, comprehensive technical support and robust IP development methodology enables designers to reduce integration risk and accelerate time-to-market. For more information on Synopsys DesignWare IP, visit https://www.synopsys.com/designware. About Synopsys Synopsys, Inc. (Nasdaq: SNPS) is the Silicon to Software partner for innovative companies developing the electronic products and software applications we rely on every day. As the world's 15th largest software company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and is also growing its leadership in software security and quality solutions. Whether you're a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing applications that require the highest security and quality, Synopsys has the solutions needed to deliver innovative, high-quality, secure products. Learn more at https://www.synopsys.com/. USB4, USB Type-C and USB-C are trademarks of USB Implementers Forum. Editorial Contacts:Kelly JamesSynopsys, Inc. 650-584-8972[emailprotected] SOURCE Synopsys, Inc. Related Links http://www.synopsys.com

edtsum976

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: VANCOUVER, BC, April 12, 2021 /PRNewswire/ - Awal Resources Ltd. (TSXV: ARIC) (the "Company" or "Awal") is pleased to announce that it has entered into a binding Memorandum of Understanding ("MoU") with Geodrill Limited (TSX: GEO) ("Geodrill" ) for a US$1 million drilling for equity programon Awal's Odienn and Bondoukou gold projects in Cte d'Ivoire. This MoU covers a minimum of 10,000 meters of drilling for value US$1 million, commencing in April over the Company's two focus areas. Odienn Project (North West Cte d'Ivoire)- Resource definition and discovery drilling focussed on rapidly building near surface gold ounces both in and around the existing Empire Main discovery area. Extending mineralization over the 900m geochemical footprint at the Empire Main high grade gold discovery is a priority and the Charger prospect just to the north of Empire main will also be drill tested. Charger is a compelling 700m long high order geochemical anomaly that lies withing the Empire Corridor. Refer recent announcements and latest presentation: https://www.awaleresources.com/_resources/presentations/corporate-presentation.pdf Bondoukou Project (North East Cte d'Ivoire)- Discovery drilling over 5 to potentially 8 new drill ready targets hosted along a 60 km near continuous gold anomalous structural setting. These high order drill targets have been generated through the last two years of systematic exploration. Each of the new targets have different geological and structural settings and are situated over all three granted tenements. The prospects include Samanda West, Awari Shear and the Kodio Gold trend. Refer Latest presentation link above. Geodrill, established in 1998, is a leading exploration drilling Company with operations is Ghana, Burkina Faso, Cte d'Ivoire, Mali, and Zambia and will be mobilising in the coming weeks. CEO Glen Parsons commented today: "We are extremely pleased to announce this agreement with Geodrill as this significant drill program secures Awal's potential to continue growing and discovering new, near surface gold ounces at and around the Empire Main Zone. Furthermore, we have the confidence that at Bondoukou we are now poised for multiple gold discoveries. Bondoukou has the potential to becoming a new gold camp in Cte d'Ivoire, evidenced by the considerable systematic target generation work done by the Awal team over the last two and a half years. The significant >60km mineralized trend continues to deliver multiple gold anomalous targets, where we are ready to drill test the most advanced targets. Geodrill's drilling capabilities and availability in April allows the Company to continue to advance its portfolio. We believe Awal is on the cusp of a momentum shift and we look forward to working together with Geodrill in unlocking this potential. The nature of this MoU reflects the confidence that Geodrill has in the projects, Awal's management and its strategy whilst allowing the Company to preserve cash resources for further exploration. Dave Harper, Chief Executive Officer commented: "We previously performed the maiden drilling program for Awal and now we are extremely excited to be drilling these targets at Odienn and Bondoukou. Having been on the ground we recognise the potential scale of these projects and their extremely anomalous long trends. It is always exciting in drilling new well-defined targets that have been systematically explored to the point of firm confidence to drill. Now we will see the results that unfold and with this MoU we share in that exciting upside and look forward to an aligned outcome with significant upside potential on Awal's gold assets in Cte d'Ivoire." Details of the MoU: Pursuant to the MoU, Awal has the option to pay Geodrill for its services in cash or a combination of cash and or the issuance to Geodrill of common shares of Awal (the "Payment Shares") based on a deemed price for each Payment Share equal to the greater of: the 15 day VWAP for the Payment Shares immediately prior to the issuance of the Payment Shares less a 10% discount; or the "Discounted Market Price" as defined in polices of the TSX Venture Exchange (the "TSXV"). It is anticipated that the MoU will be replaced and superseded by a standard drilling contract between Awal and Geodrill setting forth the drill programs for the Cote D'Ivoire Projects and incorporating the terms set out in the MoU the "Drilling Contact"). The Drilling Contact will be for a term of six months. The issuance of the Payment Shares to Geodrill is subject to TSXV acceptance. ON BEHALF OF THE BOARD OF DIRECTORSAWAL RESOURCES LTD. "Glen Parsons"Glen Parsons, Director Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Awale Resources Related Links http://www.awaleresources.com/ Answer:

Awal Resources Signs Drill for Equity Memorandum of Understanding over Odienn and Bondoukou

VANCOUVER, BC, April 12, 2021 /PRNewswire/ - Awal Resources Ltd. (TSXV: ARIC) (the "Company" or "Awal") is pleased to announce that it has entered into a binding Memorandum of Understanding ("MoU") with Geodrill Limited (TSX: GEO) ("Geodrill" ) for a US$1 million drilling for equity programon Awal's Odienn and Bondoukou gold projects in Cte d'Ivoire. This MoU covers a minimum of 10,000 meters of drilling for value US$1 million, commencing in April over the Company's two focus areas. Odienn Project (North West Cte d'Ivoire)- Resource definition and discovery drilling focussed on rapidly building near surface gold ounces both in and around the existing Empire Main discovery area. Extending mineralization over the 900m geochemical footprint at the Empire Main high grade gold discovery is a priority and the Charger prospect just to the north of Empire main will also be drill tested. Charger is a compelling 700m long high order geochemical anomaly that lies withing the Empire Corridor. Refer recent announcements and latest presentation: https://www.awaleresources.com/_resources/presentations/corporate-presentation.pdf Bondoukou Project (North East Cte d'Ivoire)- Discovery drilling over 5 to potentially 8 new drill ready targets hosted along a 60 km near continuous gold anomalous structural setting. These high order drill targets have been generated through the last two years of systematic exploration. Each of the new targets have different geological and structural settings and are situated over all three granted tenements. The prospects include Samanda West, Awari Shear and the Kodio Gold trend. Refer Latest presentation link above. Geodrill, established in 1998, is a leading exploration drilling Company with operations is Ghana, Burkina Faso, Cte d'Ivoire, Mali, and Zambia and will be mobilising in the coming weeks. CEO Glen Parsons commented today: "We are extremely pleased to announce this agreement with Geodrill as this significant drill program secures Awal's potential to continue growing and discovering new, near surface gold ounces at and around the Empire Main Zone. Furthermore, we have the confidence that at Bondoukou we are now poised for multiple gold discoveries. Bondoukou has the potential to becoming a new gold camp in Cte d'Ivoire, evidenced by the considerable systematic target generation work done by the Awal team over the last two and a half years. The significant >60km mineralized trend continues to deliver multiple gold anomalous targets, where we are ready to drill test the most advanced targets. Geodrill's drilling capabilities and availability in April allows the Company to continue to advance its portfolio. We believe Awal is on the cusp of a momentum shift and we look forward to working together with Geodrill in unlocking this potential. The nature of this MoU reflects the confidence that Geodrill has in the projects, Awal's management and its strategy whilst allowing the Company to preserve cash resources for further exploration. Dave Harper, Chief Executive Officer commented: "We previously performed the maiden drilling program for Awal and now we are extremely excited to be drilling these targets at Odienn and Bondoukou. Having been on the ground we recognise the potential scale of these projects and their extremely anomalous long trends. It is always exciting in drilling new well-defined targets that have been systematically explored to the point of firm confidence to drill. Now we will see the results that unfold and with this MoU we share in that exciting upside and look forward to an aligned outcome with significant upside potential on Awal's gold assets in Cte d'Ivoire." Details of the MoU: Pursuant to the MoU, Awal has the option to pay Geodrill for its services in cash or a combination of cash and or the issuance to Geodrill of common shares of Awal (the "Payment Shares") based on a deemed price for each Payment Share equal to the greater of: the 15 day VWAP for the Payment Shares immediately prior to the issuance of the Payment Shares less a 10% discount; or the "Discounted Market Price" as defined in polices of the TSX Venture Exchange (the "TSXV"). It is anticipated that the MoU will be replaced and superseded by a standard drilling contract between Awal and Geodrill setting forth the drill programs for the Cote D'Ivoire Projects and incorporating the terms set out in the MoU the "Drilling Contact"). The Drilling Contact will be for a term of six months. The issuance of the Payment Shares to Geodrill is subject to TSXV acceptance. ON BEHALF OF THE BOARD OF DIRECTORSAWAL RESOURCES LTD. "Glen Parsons"Glen Parsons, Director Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Awale Resources Related Links http://www.awaleresources.com/

edtsum980

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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/ -- Burns & Levinson, which has one of the largest and most reputable divorce and family law practices in the country, is launching a free webinar series to help people navigate the many challenges of getting divorced. The first webinar in the series, "How to Know When You Are Ready to Divorce," will be held on June 15 from 12:00 pm to 1:00 pm ET and will be led by partners Elizabeth Crowley and Ronald Barriere.The series is an adjunct to the firm's Divorce Law Monitor blogand will take place approximately every three weeks. Upcoming topics include: Ron Barriere is a leading divorce and family law attorney at Burns & Levinson in Boston. Elizabeth Crowley is a leading divorce and family law attorney at Burns & Levinson in Boston. Understanding the ins and outs of the divorce process. Keeping the focus on your children during the divorce. How to stay safe in a violent relationship while divorcing. Paying for college during and after divorce. "Many people in bad marriages don't know where to turn to get information on the nuts and bolts of getting divorced. Information is power, and we want to give people the tools they need to make the right decision for them," said Barriere. "Getting divorced is difficult, but it's that much harder for people who walk into it uninformed. We want to demystify the process and help alleviate some of the suffering that goes along with making the very painful decision to divorce. We can't take away the pain, but we can make it easier," added Crowley.Each webinar will include a presentation and a Q&A session at the end. The webinar is free of charge and the content will be available on the firm's website for anyone who cannot attend the session live.About Burns & Levinson LLPAt Burns & Levinson, we provide high-level, client-centric and results-oriented legal services to our regional, national and international clients. We are a full-service law firm with over 125 lawyers in Boston, Denver, Providence, and London. Our areas of expertise include: business/finance, business litigation, divorce/family law, venture capital/emerging companies, employment, estate planning, government investigations, intellectual property, M&A/private equity, probate/trust litigation, and real estate. We partner with our clients to solve their business and personal legal issues in a collaborative, creative and cost-effective way. For more information, visit Burns & Levinson at www.burnslev.com. Contact: Amy Blumenthal or Kristen Weller Blumenthal & Associates Chief Marketing & Business Development Officer (617) 879-1511 (617) 345-3555 [emailprotected] [emailprotected] SOURCE Burns & Levinson Related Links http://www.burnslev.com Answer:

Burns & Levinson Launches Divorce Webinar Series

BOSTON, June 9, 2020 /PRNewswire/ -- Burns & Levinson, which has one of the largest and most reputable divorce and family law practices in the country, is launching a free webinar series to help people navigate the many challenges of getting divorced. The first webinar in the series, "How to Know When You Are Ready to Divorce," will be held on June 15 from 12:00 pm to 1:00 pm ET and will be led by partners Elizabeth Crowley and Ronald Barriere.The series is an adjunct to the firm's Divorce Law Monitor blogand will take place approximately every three weeks. Upcoming topics include: Ron Barriere is a leading divorce and family law attorney at Burns & Levinson in Boston. Elizabeth Crowley is a leading divorce and family law attorney at Burns & Levinson in Boston. Understanding the ins and outs of the divorce process. Keeping the focus on your children during the divorce. How to stay safe in a violent relationship while divorcing. Paying for college during and after divorce. "Many people in bad marriages don't know where to turn to get information on the nuts and bolts of getting divorced. Information is power, and we want to give people the tools they need to make the right decision for them," said Barriere. "Getting divorced is difficult, but it's that much harder for people who walk into it uninformed. We want to demystify the process and help alleviate some of the suffering that goes along with making the very painful decision to divorce. We can't take away the pain, but we can make it easier," added Crowley.Each webinar will include a presentation and a Q&A session at the end. The webinar is free of charge and the content will be available on the firm's website for anyone who cannot attend the session live.About Burns & Levinson LLPAt Burns & Levinson, we provide high-level, client-centric and results-oriented legal services to our regional, national and international clients. We are a full-service law firm with over 125 lawyers in Boston, Denver, Providence, and London. Our areas of expertise include: business/finance, business litigation, divorce/family law, venture capital/emerging companies, employment, estate planning, government investigations, intellectual property, M&A/private equity, probate/trust litigation, and real estate. We partner with our clients to solve their business and personal legal issues in a collaborative, creative and cost-effective way. For more information, visit Burns & Levinson at www.burnslev.com. Contact: Amy Blumenthal or Kristen Weller Blumenthal & Associates Chief Marketing & Business Development Officer (617) 879-1511 (617) 345-3555 [emailprotected] [emailprotected] SOURCE Burns & Levinson Related Links http://www.burnslev.com

edtsum981

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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. 24, 2020 /PRNewswire/ -- NewParks Associates consumer research finds 62% of US broadband households subscribe to a traditional pay-TV service via a cable or satellite provider, down from 69% in Q1 2019, even as the average amount of video watched per week has spiked to more than 37 hours per household. The international research firm will discuss the viewer shift to online sources, the migration to a cloud-based environment to deliver these services, and the challenges and opportunities for pay-TV operators as they make this migration to Cloud TV infrastructure in the webinar "TV's Journey to the Cloud," August 25, 11 am CT (9 am PT, 12 pm ET, 18 CEST), cohosted with Kaltura. Continue Reading Parks Associates: Penetration of OTT vs. Traditional Pay-TV The webinar profiles the business models emerging through Cloud TV services, the past and future trajectory for TV services on the journey to the cloud, and what new opportunities are ahead. "The explosion of online viewing options and video consumption came at the same time many shelter-in-place orders were enacted. Households are relying more and more on OTT services for a top-quality entertainment experience. The spike in online video consumption, the decrease in pay-TV-only households, and the shift of pay-TV online are widening the gap between OTT and traditional pay-TV. Traditional services are looking to migrate to the cloud to get the best of pay-TV and OTT," said Steve Nason, Research Director, Parks Associates. "We are witnessing a paradigm shift in the pay-TV industry across the board, with operators acknowledging the benefits of putting Cloud TV at the heart of their infrastructure," said Nuno Sanches, General Manager, Media & Telecom, Kaltura. "Just five years ago it was considered impossible to deliver operator-grade Quality-of-Service from the cloud. The economics was perceived to be too expensive, and it seemed that telecom operators would not accept the perceived loss of control involved in utilizing the open internet to deliver pay-TV services. But today, we have multinational pay-TV operators embracing Cloud TV as the best-of-breed solution to deliver future-proof services."The webinar features the following topics: Drivers leading TV services to Cloud TV transformation Steps and considerations in transitioning to the cloud Business outcomes that can be achieved with Cloud TV transformation Evolution of the TV experience, shaped by both consumer demand and business requirements "Cloud TV combines the agility, speed, and multiscreen usability of OTT, with the reliability, robustness, and scale of pay-TV. At Kaltura, we are excited to spearhead Cloud TV transformation for pay-TV operators, media companies, and broadcasters around the world," Sanches added. Moderated by Steve Nason, Director, Parks Associates, this webinar features the following panelists: Morsy Cheikhrouhou, Business Portfolio Leader, Telecom Media Distribution Solutions, Amazon Web Services Nuno Sanches, General Manager, Media & Telecom, Kaltura To register, visit http://www.parksassociates.com/kaltura-aug2020. To request data or an interview, please contact Rosey Ulpino at [emailprotected], 972.996.0233.About Parks Associates Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups through market reports, primary studies, consumer research, custom research, workshops, executive conferences, and annual service subscriptions.Parks Associates hosts industry webinars, the CONNECTIONS Conference Series, Connected Health Summit, Smart Energy Summit, and Future of Video: OTT, Pay TV, and Digital Media. http://www.parksassociates.com Rosimely Ulpino Parks Associates972.996.0233[emailprotected] SOURCE Parks Associates Related Links http://www.parksassociates.com Answer:

Parks Associates: Subscription Rate of Traditional Pay-TV Services via a Cable or Satellite Provider Down to 62% Webinar featuring Amazon Web Services, Kaltura, and Parks Associates to discuss future trajectory for TV services on the journey to the cloud

DALLAS, Aug. 24, 2020 /PRNewswire/ -- NewParks Associates consumer research finds 62% of US broadband households subscribe to a traditional pay-TV service via a cable or satellite provider, down from 69% in Q1 2019, even as the average amount of video watched per week has spiked to more than 37 hours per household. The international research firm will discuss the viewer shift to online sources, the migration to a cloud-based environment to deliver these services, and the challenges and opportunities for pay-TV operators as they make this migration to Cloud TV infrastructure in the webinar "TV's Journey to the Cloud," August 25, 11 am CT (9 am PT, 12 pm ET, 18 CEST), cohosted with Kaltura. Continue Reading Parks Associates: Penetration of OTT vs. Traditional Pay-TV The webinar profiles the business models emerging through Cloud TV services, the past and future trajectory for TV services on the journey to the cloud, and what new opportunities are ahead. "The explosion of online viewing options and video consumption came at the same time many shelter-in-place orders were enacted. Households are relying more and more on OTT services for a top-quality entertainment experience. The spike in online video consumption, the decrease in pay-TV-only households, and the shift of pay-TV online are widening the gap between OTT and traditional pay-TV. Traditional services are looking to migrate to the cloud to get the best of pay-TV and OTT," said Steve Nason, Research Director, Parks Associates. "We are witnessing a paradigm shift in the pay-TV industry across the board, with operators acknowledging the benefits of putting Cloud TV at the heart of their infrastructure," said Nuno Sanches, General Manager, Media & Telecom, Kaltura. "Just five years ago it was considered impossible to deliver operator-grade Quality-of-Service from the cloud. The economics was perceived to be too expensive, and it seemed that telecom operators would not accept the perceived loss of control involved in utilizing the open internet to deliver pay-TV services. But today, we have multinational pay-TV operators embracing Cloud TV as the best-of-breed solution to deliver future-proof services."The webinar features the following topics: Drivers leading TV services to Cloud TV transformation Steps and considerations in transitioning to the cloud Business outcomes that can be achieved with Cloud TV transformation Evolution of the TV experience, shaped by both consumer demand and business requirements "Cloud TV combines the agility, speed, and multiscreen usability of OTT, with the reliability, robustness, and scale of pay-TV. At Kaltura, we are excited to spearhead Cloud TV transformation for pay-TV operators, media companies, and broadcasters around the world," Sanches added. Moderated by Steve Nason, Director, Parks Associates, this webinar features the following panelists: Morsy Cheikhrouhou, Business Portfolio Leader, Telecom Media Distribution Solutions, Amazon Web Services Nuno Sanches, General Manager, Media & Telecom, Kaltura To register, visit http://www.parksassociates.com/kaltura-aug2020. To request data or an interview, please contact Rosey Ulpino at [emailprotected], 972.996.0233.About Parks Associates Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups through market reports, primary studies, consumer research, custom research, workshops, executive conferences, and annual service subscriptions.Parks Associates hosts industry webinars, the CONNECTIONS Conference Series, Connected Health Summit, Smart Energy Summit, and Future of Video: OTT, Pay TV, and Digital Media. http://www.parksassociates.com Rosimely Ulpino Parks Associates972.996.0233[emailprotected] SOURCE Parks Associates Related Links http://www.parksassociates.com

edtsum983

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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.11, 2020 /PRNewswire/ --Jensen Partners, an executive search and corporate advisory firm for the alternative investment management industry, today announced it was named overall "Best Recruiter" for the second consecutive year at the Alt Credit European Services Awards 2020 and fifth straight year at the Alt Credit US Services Awards. TheAlt Credit US Awards 2020celebrates the best in class across a broad spectrum of credit fund activity for both fund managers and service providers. US Winners were announced at a virtual ceremony conducted on October 21 in conjunction with the US Virtual Summit. The Alt Credit European Services Awards honor those service providers "outperforming their peers and leading the way within the European credit fund industry." Judging was conducted by leading institutional and private investors as well as investment consultants. Winners were announced at a ceremony conducted virtually on October 23rd. "Winning these awards solidifies our firm's deep commitment to private credit as a strategy and reinforces our global capabilities in meeting the human capital needs of clients across the alternatives space," saidSasha Jensen, Founder and CEO of Jensen Partners. "We are excited to build out our private credit investment practice which will mirror the standards of excellence we have created for distribution executive search." Ms. Jensen, continued, "We are active in speaking to founders and executives of alternative investment firms and sharing diversity analytics insights to create talent pipelines, enhance the inclusivity in the work force and retain diverse candidates." Jensen Partners specializes in the sourcing and placement of capital raising and investment professionals for the alternative investment industry by leveraging its extensive investor relationships as well as its proprietary market mapping and big data recruitment model. Jensen Partners' model is based on the firm's global database of more than 22,000 global alternative capital raisers, which includes professionals from private equity firms, private credit firms, real estate investment firms, real asset investors, infrastructure investors and hedge funds. Since 2014, Jensen Partners has tracked more than 12,000 marketing moves across the alternative investment industry. In 2016, Jensen Partners began publishing a quarterly newsletter that highlights key trends and capital raising hiring activity across the alternative investment industry. In 2017, Jensen Partners began tracking the diversity of marketing talent tobetter meet the demand for diverse hires, and in 2020 the firm will begintracking the movement of marketers specializing in ESG and impact investing.Jensen Partnersmakesthis innovative data and insights about trends in the alternative investment industry available exclusively inits quarterly newsletter. In addition to the annual Alt Credit US and European Awards, Jensen Partners was the recipient of awards for its executive search and recruiting work from industry trade publications HFMWeek, Private Equity Wire and The Drawdown for the firms' expertise in private equity, private credit and hedge funds, respectively. About Jensen Partners Jensen Partners is a global advisory, corporate development and executive search firm that leverages its extensive relationships in the investor and alternative asset management community to source and recruit leading capital-raising and investment candidates. The firm takes a data-driven approach, combining quantitative and qualitative insights to source and place the ideal human capital. In addition to executive search, Jensen Partners offers LP/GP referencing, proprietary 360 Investor Referencing methodology, and compensation benchmarking and analysis. To learn more, please visitwww.jensen-partners.com. Media Contact:Samantha Foley646-818-9140[emailprotected] SOURCE Jensen Partners Related Links http://www.jensen-partners.com Answer:

Jensen Partners Recognized as Best Recruiter in US and Europe, Sweeping Alt Credit Services Awards in 2020

NEW YORK, Nov.11, 2020 /PRNewswire/ --Jensen Partners, an executive search and corporate advisory firm for the alternative investment management industry, today announced it was named overall "Best Recruiter" for the second consecutive year at the Alt Credit European Services Awards 2020 and fifth straight year at the Alt Credit US Services Awards. TheAlt Credit US Awards 2020celebrates the best in class across a broad spectrum of credit fund activity for both fund managers and service providers. US Winners were announced at a virtual ceremony conducted on October 21 in conjunction with the US Virtual Summit. The Alt Credit European Services Awards honor those service providers "outperforming their peers and leading the way within the European credit fund industry." Judging was conducted by leading institutional and private investors as well as investment consultants. Winners were announced at a ceremony conducted virtually on October 23rd. "Winning these awards solidifies our firm's deep commitment to private credit as a strategy and reinforces our global capabilities in meeting the human capital needs of clients across the alternatives space," saidSasha Jensen, Founder and CEO of Jensen Partners. "We are excited to build out our private credit investment practice which will mirror the standards of excellence we have created for distribution executive search." Ms. Jensen, continued, "We are active in speaking to founders and executives of alternative investment firms and sharing diversity analytics insights to create talent pipelines, enhance the inclusivity in the work force and retain diverse candidates." Jensen Partners specializes in the sourcing and placement of capital raising and investment professionals for the alternative investment industry by leveraging its extensive investor relationships as well as its proprietary market mapping and big data recruitment model. Jensen Partners' model is based on the firm's global database of more than 22,000 global alternative capital raisers, which includes professionals from private equity firms, private credit firms, real estate investment firms, real asset investors, infrastructure investors and hedge funds. Since 2014, Jensen Partners has tracked more than 12,000 marketing moves across the alternative investment industry. In 2016, Jensen Partners began publishing a quarterly newsletter that highlights key trends and capital raising hiring activity across the alternative investment industry. In 2017, Jensen Partners began tracking the diversity of marketing talent tobetter meet the demand for diverse hires, and in 2020 the firm will begintracking the movement of marketers specializing in ESG and impact investing.Jensen Partnersmakesthis innovative data and insights about trends in the alternative investment industry available exclusively inits quarterly newsletter. In addition to the annual Alt Credit US and European Awards, Jensen Partners was the recipient of awards for its executive search and recruiting work from industry trade publications HFMWeek, Private Equity Wire and The Drawdown for the firms' expertise in private equity, private credit and hedge funds, respectively. About Jensen Partners Jensen Partners is a global advisory, corporate development and executive search firm that leverages its extensive relationships in the investor and alternative asset management community to source and recruit leading capital-raising and investment candidates. The firm takes a data-driven approach, combining quantitative and qualitative insights to source and place the ideal human capital. In addition to executive search, Jensen Partners offers LP/GP referencing, proprietary 360 Investor Referencing methodology, and compensation benchmarking and analysis. To learn more, please visitwww.jensen-partners.com. Media Contact:Samantha Foley646-818-9140[emailprotected] SOURCE Jensen Partners Related Links http://www.jensen-partners.com

edtsum985

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: MADISON, N.J., May7, 2020 /PRNewswire/ --Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States, today reported financial results for the first quarter ended March31, 2020. "The first quarter marked strong results delivery for Realogy with 8% transaction volume growth and a $35 million increase in Operating EBITDA," said Ryan Schneider, Realogy's chief executive officer and president. "In this COVID crisis, Realogy's first priority is the health, safety, and well-being of our employees, affiliated agents, franchise owners, and customers. I am very excited by the creativity our affiliated agents and employees are demonstrating to help customers safely buy and sell homes and by the corporate actions we are taking to position Realogy to navigate this crisis and emerge strong on the other side." "Realogy delivered on its operational and financial momentum in the first quarter with top line growth and margin expansion across the enterprise," said Charlotte Simonelli, Realogy's executive vice president, chief financial officer and treasurer. "Our ongoing strategic execution, rigorous cost management, liquidity, and capital allocation decisions are designed to enable us to manage the challenges of the COVID-19 pandemic." First Quarter 2020 Highlights Generated Revenue of $1.1 billion, an increase of 6% or $62 million year-over-year. Reported a Net loss of $462 million driven primarily by a $447 million impairment charge related to broad based declines in the overall market due to COVID-19 and a $38 million net increase in interest expense due to the mark-to-market adjustments on interest rate swaps. Generated Operating EBITDA of $37 million, an increase of $35 million year over year (See Table 4). Achieved Operating EBITDA margin expansion of 300 basis points year-over-year driven by cost savings hitting the bottom line. Delivered 8% transaction volume growth across both our owned and franchise businesses. Grew agents 4% year-over-year at Realogy Brokerage Group along with improved retention. Delivered a significant quarter at Realogy Title Group driven in part by an increase in refinance volumes versus prior year. The GRA mortgage JV continued to contribute meaningfully to our business results, generating $9 million in Operating EBITDA this quarter. Generated Free Cash Flow from continuing operations of negative $112 million vs. negative $115 million last year (See Table 6). First Quarter 2020 Financial Highlights The following tables sets forth Realogy's financial highlights for the periods presented (in millions, except per share data) (unaudited): Three Months Ended March 31, 2020 2019 Change % Change Revenue $ 1,116 $ 1,054 $ 62 6 % Operating EBITDA 1 37 2 35 * Operating EBITDA including discontinued operations 1 32 (4) 36 * Net loss attributable to Realogy (462) (99) (363) (367) Adjusted net loss 2 (63) (64) 1 2 Basic loss per share (4.03) (0.87) (3.16) (363) Adjusted loss per share 2 (0.55) (0.56) 0.01 2 Free Cash Flow 3 (112) (115) 3 3 Free Cash Flow including discontinued operations 3 (155) (172) 17 10 Net cash used in operating activities $ (82) $ (103) $ 21 20 % Select Key Drivers Realogy Franchise Group 4 5 Closed homesale sides 203,188 202,662 % Average homesale price $ 322,465 $ 298,361 8 % Realogy Brokerage Group 5 Closed homesale sides 62,541 60,442 3 % Average homesale price $ 533,813 $ 511,922 4 % Realogy Title Group Purchase title and closing units 28,724 28,044 2 % Refinance title and closing units 8,899 4,011 122 % _______________ Footnotes: * not meaningful 1 See Table 4. Operating EBITDA is defined as net income (loss) before depreciation and amortization, interest expense, net, income taxes, and other items that are not core to the operating activities of the Company such as restructuring charges, former parent legacy items, gains or losses on the early extinguishment of debt, impairments, gains or losses on discontinued operations and gains or losses on the sale of investments or other assets. Operating EBITDA including discontinued operations is defined as Operating EBITDA, as defined above plus the Operating EBITDA contribution from discontinued operations on the same basis. 2 See Table 1a. Adjusted Net Income (loss) is defined as net income (loss) before mark-to-market interest rate swap adjustments, former parent legacy items, restructuring charges, (gain) loss on the early extinguishment of debt, impairments, the tax effect of the foregoing adjustments and net income (loss) from discontinued operations. Adjusted loss per share is Adjusted net loss divided by the weighted average common and common equivalent shares outstanding. 3 See Table 6. Free Cash Flow is defined as net income (loss) attributable to Realogy before income tax expense (benefit), net of payments, net interest expense, cash interest payments, depreciation and amortization, capital expenditures, restructuring costs and former parent legacy costs (benefits), net of payments, impairments, (gain) loss on the early extinguishment of debt and working capital adjustments. Free Cash Flow including discontinued operations is defined as Free Cash Flow, as defined above plus the Free Cash Flow contribution from discontinued operations on the same basis. 4 Includes all franchisees except for Realogy Brokerage Group. 5 The Company's combined homesale transaction volume growth (transaction sides multiplied by average sale price) increased 8% compared with the first quarter of 2019. Balance Sheet and Capital Allocation The Company ended the quarter with cash and cash equivalents of $628 million. Total corporate debt, including the short-term portion, net of cash and cash equivalents (net corporate debt), totaled $3.4 billion at March31, 2020. The Company's Net Debt Leverage Ratio was 5.2 times at March31, 2020. The Net Debt Leverage Ratio is net corporate debt divided by EBITDA, as defined by the Senior Secured Credit Facility, for the four-quarter period ended March31, 2020. Earnings from Cartus Relocation Services are included in discontinued operations and have been excluded from EBITDA, as defined by the Senior Secured Credit Facility. Cartus Relocation Services remained in discontinued operations for the first quarter of 2020 in accordance with GAAP notwithstanding our initiation of litigation on April 27, 2020 related to the sale of this business. In the first quarter of 2020, we consolidated Realogy Leads Group into Realogy Franchise Group. Based upon developments in our litigation related to the sale of Cartus Relocation Services, the Company may reassess segment classification in future periods. The Company expects to prioritize investing in its business and reducing leverage over other potential uses of cash. A consolidated balance sheet is included as Table 2 of this press release. Investor Conference Call Today, May7, at 8:30 a.m. (ET), Realogy will hold a conference call via webcast to review its Q12020 results and provide a business update. The webcast will be hosted by Ryan Schneider, chief executive officer and president, and Charlotte Simonelli, chief financial officer, and will conclude with an investor Q&A period with management. Investors may access the conference call live via webcast at ir.realogy.com or by dialing (888) 895-3527 (toll free); international participants should dial (706) 679-2250. Please dial in at least 5 to 10 minutes prior to start time. A webcast replay also will be available on the website. About Realogy Holdings Corp. Realogy Holdings Corp. (NYSE: RLGY) is the leading and most integrated provider of U.S. residential real estate services, encompassing franchise, brokerage, and title and settlement businesses as well as a mortgage joint venture. Realogy's diverse brand portfolio includes some of the most recognized names in real estate: Better Homes and Gardens Real Estate, CENTURY 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, and Sotheby's International Realty. Using innovative technology, data and marketing products, best-in-class learning and support services, and high-quality lead generation programs, Realogy fuels the productivity of independent sales agents, helping them build stronger businesses and best serve today's consumers. Realogy's affiliated brokerages operate around the world with approximately 188,900 independent sales agents in the United States and more than 122,400 independent sales agents in 113 other countries and territories. Recognized for nine consecutive years as one of the World's Most Ethical Companies, Realogy has also been designated a Great Place to Work and one of Forbes' Best Employers for Diversity. Realogy is headquartered in Madison, New Jersey. Forward-Looking Statements Certain statements in this press release constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Realogy Holdings Corp. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "potential" and "plans" and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Any statements that refer to expectations or other characterizations of future events, circumstances or results are forward-looking statements. The following include some, but not all, of the factors that could affect our future results and cause actual results to differ materially from those expressed in the forward-looking statements. Additionally, many of these risks and uncertainties are currently amplified by and will continue to be amplified by, or in the future may be amplified by, the coronavirus disease (COVID-19) pandemic: the extent, duration and severity of the spread of the COVID-19 pandemic and economic consequences stemming from the COVID-19 crisis (including a potential significant economic contraction) as well as related risks and the impact of any of the foregoing on our business, results of operations and liquidity; adverse developments or the absence of sustained improvement in general business, economic or political conditions or the U.S. residential real estate markets, either regionally or nationally, including but not limited to a decline in consumer confidence or spending, weak capital and financial markets and/or the instability of financial institutions, increased levels of unemployment and/or declining wages or stagnant wage growth in the U.S., an increase in potential homebuyers with low credit ratings or inability to afford down payments, constraints on the availability of mortgage financing, an increase in foreclosure activity, decline or a lack of improvement in the number of homesales, insufficient home inventory levels by market and price point, stagnant or declining home prices or a reduction in the affordability of housing, a lack of improvement or deceleration in the building of new housing, the potential negative impact of certain provisions of the Tax Cuts and Jobs Act of 2017 (the "2017 Tax Act") on home values over time in states with high property, sales and state and local income taxes or on homeownership rates, and/or the impact of recessions, slow economic growth, or a deterioration in other economic factors (including potential consumer, business or governmental defaults due to the COVID-19 crisis) that particularly impact the residential real estate market and the business segments in which we operate whether broadly or by geography and price segments; risks related to our ability to comply with the senior secured leverage ratio covenant under our Senior Secured Credit Facility (including the Revolving Credit Facility) and Term Loan A Facility; risks associated with our substantial indebtedness and interest obligations and restrictions contained in our debt agreements, including risks relating to our ability to generate sufficient cash flows to service our debt (in particular if the COVID-19 crisis continues for a prolonged period) and having to dedicate a significant portion of our cash flows from operations to service our debt and risks relating to our ability to refinance or repay our indebtedness or incur additional indebtedness; risks related to disruptions in the securitization markets, including in connection with the COVID-19 crisis; the impact of increased competition in the industry for clients, for the affiliation of independent sales agents and for the affiliation of franchisees on our results of operations and market share; the impact of disruption in the residential real estate brokerage industry, and on our results of operations and financial condition, as a result of listing aggregator concentration and market power; continuing pressure on the share of gross commission income paid by our company owned brokerages and affiliated franchisees to affiliated independent sales agents and sales agent teams; our inability to develop products, technology and programs (including our company-directed affinity programs) that supports our business strategy; our geographic and high-end market concentration; our inability to enter into franchise agreements with new franchisees or renew existing franchise agreements without reducing contractual royalty rates or increasing the amount and prevalence of sales incentives; the lack of revenue growth or declining profitability of our franchisees and company owned brokerage operations or declines in other revenue streams, such as third-party listing fees; increases in uncollectible accounts receivable and note reserves as a result of the adverse financial effects of the COVID-19 crisis on our franchisees and relocation clients; the potential impact of negative industry or business trends (including further declines in our market capitalization) on our valuation of goodwill and intangibles; the extent of the negative impact of the discontinuation of the USAA affinity program on our revenues and profits derived from affinity program referrals (including downstream revenue); the loss of our next largest affinity client or multiple significant relocation clients; risks related to our ongoing litigation with Madison Dearborn Partners, LLC and SIRVA Worldwide, Inc. regarding the planned sale of Cartus Relocation Services, including that such transaction will not close; changes in corporate relocation practices resulting in fewer employee relocations, reduced relocation benefits and/or increasing competition in corporate relocation; an increase in the experienced claims losses of our title underwriter; our failure or alleged failure to comply with laws, regulations and regulatory interpretations and any changes or stricter interpretations of any of the foregoing (whether through private litigation or governmental action), including but not limited to (i) state or federal employment laws or regulations that would require reclassification of independent contractor sales agents to employee status, (ii) privacy or data security laws and regulations, (iii) the Real Estate Settlement Procedures Act (RESPA) or other federal or state consumer protection or similar laws and (iv) antitrust laws and regulations; risks related to the impact on our operations and financial results that may be caused by any future meaningful changes in industry operations or structure as a result of governmental pressures, the actions of certain competitors, the introduction or growth of certain competitive models, changes to the rules of the multiple listing services, or otherwise; and risks and growing costs related to both cybersecurity threats to our data and customer, franchisee, employee and independent sales agent data, as well as those related to our compliance with the growing number of laws, regulations and other requirements related to the protection of personal information. Consideration should be given to the areas of risk described above, as well as those risks set forth under the headings "Forward-Looking Statements" and "Risk Factors" in our filings with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q for the quarter ended March31, 2020 and our Annual Report on Form 10-K for the year ended December 31, 2019, and our other filings made from time to time, in connection with considering any forward-looking statements that may be made by us and our businesses generally. We undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events except as required by law. Non-GAAP Financial Measures This release includes certain non-GAAP financial measures as defined under SEC rules. As required bySECrules, important information regarding such measures is contained in the Tables attached to this release. See Tables 1a, 7a and 8 for definitions of these non-GAAP financial measures and Tables 1a, 4, 5a, 5b, 6, 7a and 7b for reconciliations of the historical non-GAAP financial measures to their most comparable GAAP terms. Investor Contacts: Media Contacts: Alicia Swift Trey Sarten (973) 407-4669 (973) 407-2162 [emailprotected] [emailprotected] Danielle Kloeblen (973) 407-2148 [emailprotected] Table 1 REALOGY HOLDINGS CORP. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share data) (Unaudited) Three Months Ended March 31, 2020 2019 Revenues Gross commission income $ 850 $ 799 Service revenue 151 129 Franchise fees 71 70 Other 44 56 Net revenues 1,116 1,054 Expenses Commission and other agent-related costs 630 575 Operating 325 330 Marketing 59 68 General and administrative 74 80 Restructuring costs, net 11 9 Impairments 447 1 Depreciation and amortization 45 41 Interest expense, net 101 63 Loss on the early extinguishment of debt 5 Total expenses 1,692 1,172 Loss from continuing operations before income taxes, equity in earnings andnoncontrolling interests (576) (118) Income tax benefit from continuing operations (132) (32) Equity in earnings of unconsolidated entities (9) (1) Net loss from continuing operations (435) (85) Loss from discontinued operations, net of tax (5) (14) Estimated loss on the sale of discontinued operations, net of tax (22) Net loss from discontinued operations (27) (14) Net loss (462) (99) Less: Net income attributable to noncontrolling interests Net loss attributable to Realogy Holdings $ (462) $ (99) Basic loss per share attributable to Realogy Holdings shareholders: Basic loss per share from continuing operations $ (3.79) $ (0.75) Basic loss per share from discontinued operations (0.24) (0.12) Basic loss per share $ (4.03) $ (0.87) Diluted loss per share attributable to Realogy Holdings shareholders: Diluted loss per share from continuing operations $ (3.79) $ (0.75) Diluted loss per share from discontinued operations (0.24) (0.12) Diluted loss per share $ (4.03) $ (0.87) Weighted average common and common equivalent shares of Realogy Holdings outstanding: Basic 114.7 114.0 Diluted 114.7 114.0 Table 1a REALOGY HOLDINGS CORP. NON-GAAP RECONCILIATION ADJUSTED NET LOSS AND ADJUSTED LOSS PER SHARE (In millions, except per share data) We present Adjusted net loss and Adjusted loss per share because we believe these measures are useful as supplemental measures in evaluating the performance of our operating businesses and provides greater transparency into our operating results. Adjusted net income (loss) is defined by us as net income (loss) before: (a) mark-to-market interest rate swap adjustments, whose fair value is subject to movements in LIBOR and the forward yield curve and therefore are subject to significant fluctuations; (b) former parent legacy items, which pertain to liabilities of the former parent for matters prior to mid-2006 and are non-operational in nature; (c) restructuring charges as a result of initiatives currently in progress; (d) the (gain) loss on the early extinguishment of debt that results from refinancing and deleveraging debt initiatives; (e) impairments; (f) the tax effect of the foregoing adjustments and (g) net loss from discontinued operations. The gross amounts for these items as well as the adjustment for income taxes are shown in the table below. Adjusted loss per share is Adjusted net loss divided by the weighted average common and common equivalent shares outstanding. Set forth in the table below isa reconciliation of Net loss to Adjusted net loss for the three-month periods ended March31, 2020 and 2019: Three Months Ended March 31, 2020 2019 Net loss attributable to Realogy Holdings $ (462) $ (99) Addback: Mark-to-market interest rate swap losses 51 14 Restructuring costs, net 11 9 Impairments (a) 447 1 Loss on the early extinguishment of debt 5 Adjustments for tax effect (b) (137) (8) Net loss from discontinued operations 27 14 Adjusted net loss attributable to Realogy Holdings $ (63) $ (64) Loss per share attributable to Realogy Holdings: Basic loss per share: $ (4.03) $ (0.87) Diluted loss per share: $ (4.03) $ (0.87) Adjusted loss per share attributable to Realogy Holdings: Adjusted basic loss per share: $ (0.55) $ (0.56) Adjusted diluted loss per share: $ (0.55) $ (0.56) Weighted average common and common equivalent shares outstanding: Basic: 114.7 114.0 Diluted: 114.7 114.0 _______________ (a) Impairments for the three months ended March31, 2020 include primarily a goodwill impairment charge of $413million which reduced the net carrying value of Realogy Brokerage Group by $314million after accounting for the related income tax benefit of $99million and an impairment charge of $30million which reduced the carrying value of trademarks at Realogy Franchise Group. (b) Reflects tax effect of adjustments at the Company's blended state and federal statutory rate. Table 2 REALOGY HOLDINGS CORP. CONDENSED CONSOLIDATED BALANCE SHEETS (In millions, except share data) (Unaudited) March 31,2020 December 31,2019 ASSETS Current assets: Cash and cash equivalents $ 628 $ 235 Trade receivables (net of allowance for doubtful accounts of $13 and $11) 102 79 Other current assets 167 147 Current assets - held for sale 683 750 Total current assets 1,580 1,211 Property and equipment, net 304 308 Operating lease assets, net 501 515 Goodwill 2,887 3,300 Trademarks 643 673 Franchise agreements, net 1,143 1,160 Other intangibles, net 71 72 Other non-current assets 332 304 Total assets $ 7,461 $ 7,543 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 70 $ 84 Current portion of long-term debt 803 234 Current portion of operating lease liabilities 119 122 Accrued expenses and other current liabilities 353 350 Current liabilities - held for sale 295 356 Total current liabilities 1,640 1,146 Long-term debt 3,200 3,211 Long-term operating lease liabilities 457 467 Deferred income taxes 253 390 Other non-current liabilities 277 233 Total liabilities 5,827 5,447 Commitments and contingencies Equity: Realogy Holdings preferred stock: $0.01 par value; 50,000,000 shares authorized, none issued and outstanding at March31, 2020 and December31, 2019 Realogy Holdings common stock: $0.01 par value; 400,000,000 shares authorized, 115,285,528 shares issued and outstanding at March31, 2020 and 114,355,519 shares issued and outstanding at December31, 2019 1 1 Additional paid-in capital 4,844 4,842 Accumulated deficit (3,157) (2,695) Accumulated other comprehensive loss (57) (56) Total stockholders' equity 1,631 2,092 Noncontrolling interests 3 4 Total equity 1,634 2,096 Total liabilities and equity $ 7,461 $ 7,543 Table 3a REALOGY HOLDINGS CORP. 2020 vs. 2019 KEY DRIVERS Three Months Ended March 31, 2020 2019 % Change Realogy Franchise Group (a) Closed homesale sides 203,188 202,662 % Average homesale price $ 322,465 $ 298,361 8 % Average homesale broker commission rate 2.47 % 2.48 % (1) bps Net royalty per side $ 316 $ 303 4 % Realogy Brokerage Group Closed homesale sides 62,541 60,442 3 % Average homesale price $ 533,813 $ 511,922 4 % Average homesale broker commission rate 2.41 % 2.41 % bps Gross commission income per side $ 13,597 $ 13,212 3 % Realogy Title Group Purchase title and closing units 28,724 28,044 2 % Refinance title and closing units 8,899 4,011 122 % Average fee per closing unit $ 2,269 $ 2,267 % _______________ (a)Includes all franchisees except for Realogy Brokerage Group. Table 3b REALOGY HOLDINGS CORP. 2019 KEY DRIVERS Quarter Ended Year Ended March 31,2019 June 30,2019 September 30,2019 December 31,2019 December 31,2019 Realogy Franchise Group (a) Closed homesale sides 202,662 301,377 299,937 257,524 1,061,500 Average homesale price $ 298,361 $ 318,799 $ 314,984 $ 322,713 $ 314,769 Average homesale broker commission rate 2.48 % 2.47 % 2.47 % 2.46 % 2.47 % Net royalty per side $ 303 $ 331 $ 329 $ 338 $ 327 Realogy Brokerage Group Closed homesale sides 60,442 95,251 92,399 77,560 325,652 Average homesale price $ 511,922 $ 540,725 $ 509,425 $ 523,024 $ 522,282 Average homesale broker commission rate 2.41 % 2.41 % 2.41 % 2.39 % 2.41 % Gross commission income per side $ 13,212 $ 13,758 $ 13,000 $ 13,147 $ 13,296 Realogy Title Group Purchase title and closing units 28,044 42,202 41,619 34,345 146,210 Refinance title and closing units 4,011 5,270 8,014 9,294 26,589 Average fee per closing unit $ 2,267 $ 2,356 $ 2,288 $ 2,267 $ 2,297 _______________ (a) Includes all franchisees except for Realogy Brokerage Group. Table 4 REALOGY HOLDINGS CORP. NON-GAAP RECONCILIATION - OPERATING EBITDA AND OPERATING EBITDA INCLUDING DISCONTINUED OPERATIONS THREE MONTHS ENDED MARCH31, 2020 AND 2019 (In millions) Set forth in the tables below isa reconciliation of Net loss to Operating EBITDA and Operating EBITDA including discontinued operations for the three-month periods ended March31, 2020 and 2019: Three Months Ended March 31, 2020 2019 Net loss attributable to Realogy Holdings $ (462) $ (99) Less: Net loss from discontinued operations (27) (14) Add: Income tax benefit from continuing operations (132) (32) Loss from continuing operations before income taxes (567) (117) Add: Depreciation and amortization 45 41 Interest expense, net 101 63 Restructuring costs, net (a) 11 9 Impairments (b) 447 1 Loss on the early extinguishment of debt (c) 5 Operating EBITDA 37 2 Contribution from discontinued operations (5) (6) Operating EBITDA including discontinued operations $ 32 $ (4) The following table reflects Revenue, Operating EBITDA and Operating EBITDA margin by reportable segments: Revenues (d) $ Change % Change Operating EBITDA $ Change % Change Operating EBITDA Margin Change 2020 2019 2020 2019 2020 2019 Realogy Franchise Group $ 168 $ 179 $ (11) (6) % $ 101 $ 98 $ 3 3 % 60 % 55 % 5 Realogy Brokerage Group 869 816 53 6 (51) (62) 11 18 (6) (8) 2 Realogy Title Group 137 114 23 20 12 (9) 21 233 9 (8) 17 Corporate and Other (58) (55) (3) * (25) (25) * Total $ 1,116 $ 1,054 $ 62 6 % $ 37 $ 2 $ 35 1,750 % 3 % % 3 Contribution from discontinued operations (5) (6) Total including discontinued operations $ 32 $ (4) The following table reflects Realogy Franchise and Brokerage Groups' results before the intercompany royalties and marketing fees, as well as on a combined basis to show the Operating EBITDA contribution of these business units to the overall Operating EBITDA of the Company: Revenues $Change % Change Operating EBITDA $Change % Change Operating EBITDA Margin Change 2020 2019 2020 2019 2020 2019 Realogy Franchise Group (e) $ 110 $ 124 $ (14) (11) % $ 43 $ 43 $ % 39 % 35 % 4 Realogy Brokerage Group (e) 869 816 53 6 7 (7) 14 200 1 (1) 2 Realogy Franchise and Brokerage Groups Combined $ 979 $ 940 $ 39 4 % $ 50 $ 36 $ 14 39 % 5 % 4 % 1 _______________ * not meaningful. (a)Restructuring charges incurred for the three months ended March31, 2020 include $1 million at Realogy Franchise Group, $9 million at Realogy Brokerage Group and $1 million at Realogy Title Group. Restructuring charges incurred for the three months ended March31, 2019 include $4 million at Realogy Brokerage Group, $1 million at Realogy Title Group and $4 million at Corporate and Other. (b) Impairments for the three months ended March31, 2020 include a goodwill impairment charge of $413million which reduced the net carrying value of Realogy Brokerage Group by $314million after accounting for the related income tax benefit of $99million, an impairment charge of $30million which reduced the carrying value of trademarks at Realogy Franchise Group and $4 million related to lease asset impairments. Impairments for the three months ended March 31, 2019 include $1 million of impairment charges related to lease asset impairments. (c) Loss on the early extinguishment of debt is recorded in Corporate and Other. (d) Includes the elimination of transactions between segments, which consists of intercompany royalties and marketing fees paid by Realogy Brokerage Group of $58 million and $55 million during the three months ended March31, 2020 and 2019, respectively. (e)The segment numbers noted above do not reflect the impact of intercompany royalties and marketing fees paid by Realogy Brokerage Group to Realogy Franchise Group of $58 million and $55 million during the three months ended March31, 2020 and 2019, respectively. Table 5a REALOGY HOLDINGS CORP. SELECTED 2020 FINANCIAL DATA (In millions) Three Months Ended March 31, 2020 Net revenues (a) Realogy Franchise Group $ 168 Realogy Brokerage Group 869 Realogy Title Group 137 Corporate and Other (58) Total $ 1,116 Operating EBITDA Realogy Franchise Group $ 101 Realogy Brokerage Group (51) Realogy Title Group 12 Corporate and Other (25) Total $ 37 Non-GAAP Reconciliation - Operating EBITDA Operating EBITDA $ 37 Contribution from discontinued operations (5) Operating EBITDA including discontinued operations 32 Less: Depreciation and amortization 45 Interest expense, net 101 Income tax expense (132) Restructuring costs, net (b) 11 Impairments (c) 447 Adjustments attributable to discontinued operations (d) 22 Net loss attributable to Realogy Holdings $ (462) _______________ (a)Transactions between segments are eliminated in consolidation. Revenues for Realogy Franchise Group include intercompany royalties and marketing fees paid by Realogy Brokerage Group of $58 million for the three months ended March31, 2020. Such amounts are eliminated through Corporate and Other. Revenues for Realogy Franchise Group include $2 million of intercompany referral commissionsrelated to Realogy Advantage Broker Network paid by Realogy Brokerage Group during the three months ended March31, 2020. Such amounts are recorded as contra-revenues by Realogy Brokerage Group. (b) Includes restructuring charges broken down by business unit as follows: Three Months Ended March 31, 2020 Realogy Franchise Group $ 1 Realogy Brokerage Group 9 Realogy Title Group 1 Total Company $ 11 (c)Impairments for the three months ended March31, 2020 include a goodwill impairment charge of $413million which reduced the net carrying value of Realogy Brokerage Group by $314million after accounting for the related income tax benefit of $99million, an impairment charge of $30million which reduced the carrying value of trademarks at Realogy Franchise Group and $4 million related to lease asset impairments. (d) Includes depreciation and amortization, interest expense, income tax and restructuring charges related to discontinued operations. In addition, includes the adjustment to record assets and liabilities held for sale at the lower of carrying value or fair value less any costs to sell based on the estimated net purchase price. Table 5b REALOGY HOLDINGS CORP. SELECTED 2019 FINANCIAL DATA (In millions) Three Months Ended Year Ended March 31, June 30, September 30, December 31, December 31, 2019 2019 2019 2019 2019 Net revenues (a) Realogy Franchise Group $ 179 $ 260 $ 240 $ 207 $ 886 Realogy Brokerage Group 816 1,331 1,222 1,040 4,409 Realogy Title Group 114 160 170 152 596 Corporate and Other (55) (87) (82) (69) (293) Total $ 1,054 $ 1,664 $ 1,550 $ 1,330 $ 5,598 Operating EBITDA Realogy Franchise Group $ 98 $ 180 $ 170 $ 140 $ 588 Realogy Brokerage Group (62) 47 31 (12) 4 Realogy Title Group (9) 32 31 14 68 Corporate and Other (25) (24) (26) (23) (98) Total $ 2 $ 235 $ 206 $ 119 $ 562 Non-GAAP Reconciliation - Operating EBITDA Operating EBITDA $ 2 $ 235 $ 206 $ 119 $ 562 Contribution from discontinued operations (6) 10 17 7 28 Operating EBITDA including discontinued operations (4) 245 223 126 590 Less: Depreciation and amortization 41 43 42 43 169 Interest expense, net 63 80 66 40 249 Income tax (benefit) expense (32) 33 (23) (22) Restructuring costs, net (b) 9 9 11 13 42 Impairments (c) 1 2 240 6 249 Former parent legacy cost, net (d) 1 1 Loss (gain) on the early extinguishment of debt (d) 5 (10) (5) Adjustments attributable to discontinued operations (e) 8 9 9 69 95 Net (loss) income attributable to Realogy Holdings $ (99) $ 69 $ (113) $ (45) $ (188) _______________ (a)Transactions between segments are eliminated in consolidation. Revenues for Realogy Franchise Group include intercompany royalties and marketing fees paid by Realogy Brokerage Group of $55 million, $87 million, $82 million and $69 million for the three months ended March 31, 2019, June 30, 2019, September 30, 2019 and December31, 2019, respectively. Such amounts are eliminated through Corporate and Other. Revenues for Realogy Franchise Group include $3 million, $5 million, $6 million and $4 million of intercompany referral commissions related to Realogy Advantage Broker Network paid by Realogy Brokerage Group during the three months ended March 31, 2019, June 30, 2019, September 30, 2019 and December31, 2019, respectively. Such amounts are recorded as contra-revenues by Realogy Brokerage Group. (b) Includes restructuring charges broken down by business unit as follows: Three Months Ended Year Ended March 31, June 30, September 30, December 31, December 31, 2019 2019 2019 2019 2019 Realogy Franchise Group $ $ 1 $ 2 $ 1 $ 4 Realogy Brokerage Group 4 6 8 7 25 Realogy Title Group 1 1 1 3 Corporate and Other 4 1 1 4 10 Total Company $ 9 $ 9 $ 11 $ 13 $ 42 (c)Impairments for the three months ended September 30, 2019 and the year ended December 31, 2019 include a goodwill impairment charge of $237 million which reduced the net carrying value of Realogy Brokerage Group by $180 million after accounting for the relatedincome tax benefit of $57 million. In addition, the three months ended March 31, 2019, June 30, 2019, September 30, 2019 and December 31, 2019 include charges primarily related to lease asset impairments of$1 million, $2 million, $3 million and $6 million, respectively. (d)Former parent legacy items and Loss (gain) on the early extinguishment of debt are recorded in Corporate and Other. (e)Includes depreciation and amortization, interest expense, income tax and restructuring charges related to discontinued operations. In addition, the three months and year ended December 31, 2019 includes the estimated loss on the sale of discontinued operations of $22 million and the related tax expense of $38million. Table 5c REALOGY HOLDINGS CORP. 2019 CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share data) (Unaudited) Three Months Ended Year Ended March 31, June 30, September 30, December 31, December 31, 2019 2019 2019 2019 2019 Revenues Gross commission income $ 799 $ 1,310 $ 1,201 $ 1,020 $ 4,330 Service revenue 129 183 191 170 673 Franchise fees 70 112 108 96 386 Other 56 59 50 44 209 Net revenues 1,054 1,664 1,550 1,330 5,598 Expenses Commission and other agent-related costs 575 955 875 751 3,156 Operating 330 343 343 329 1,345 Marketing 68 69 63 62 262 General and administrative 80 68 69 71 288 Former parent legacy cost, net 1 1 Restructuring costs, net 9 9 11 13 42 Impairments 1 2 240 6 249 Depreciation and amortization 41 43 42 43 169 Interest expense, net 63 80 66 40 249 Loss (gain) on the early extinguishment of debt 5 (10) (5) Total expenses 1,172 1,569 1,700 1,315 5,756 (Loss) income from continuing operations before income taxes, equity in earnings and noncontrolling interests (118) 95 (150) 15 (158) Income tax (benefit) expense from continuing operations (32) 33 (23) (22) Equity in earnings of unconsolidated entities (1) (7) (7) (3) (18) Net (loss) income from continuing operations (85) 69 (120) 18 (118) (Loss) income from discontinued operations, net of tax (14) 1 8 (2) (7) Estimated loss on the sale of discontinued operations, net of tax (60) (60) Net (loss) income from discontinued operations (14) 1 8 (62) (67) Net (loss) income (99) 70 (112) (44) (185) Less: Net income attributable to noncontrolling interests (1) (1) (1) (3) Net (loss) income attributable to Realogy Holdings $ (99) $ 69 $ (113) $ (45) $ (188) Basic (loss) earnings per share attributable to Realogy Holdings shareholders: Basic (loss) earnings per share from continuing operations $ (0.75) $ 0.59 $ (1.06) $ 0.15 $ (1.06) Basic (loss) earnings per share from discontinued operations (0.12) 0.01 0.07 (0.54) (0.59) Basic (loss) earnings per share $ (0.87) $ 0.60 (0.99) (0.39) (1.65) Diluted (loss) earnings per share attributable to Realogy Holdings shareholders: Diluted (loss) earnings per share from continuing operations $ (0.75) $ 0.59 $ (1.06) $ 0.15 $ (1.06) Diluted (loss) earnings per share from discontinued operations (0.12) 0.01 0.07 (0.54) (0.59) Diluted (loss) earnings per share $ (0.87) $ 0.60 $ (0.99) $ (0.39) $ (1.65) Weighted average common and common equivalent shares of Realogy Holdings outstanding: Basic 114.0 114.3 114.3 114.3 114.2 Diluted 114.0 114.9 114.3 114.3 114.2 Table 6 REALOGY HOLDINGS CORP. NON-GAAP RECONCILIATION - FREE CASH FLOW AND FREE CASH FLOW INCLUDING DISCONTINUED OPERATIONS THREE MONTHS ENDED MARCH31, 2020 AND 2019 (In millions) A reconciliation of net loss attributable to Realogy Holdings to Free Cash Flow and Free Cash Flow including discontinued operations is set forth in the following table: Three Months Ended March 31, 2020 2019 Net loss attributable to Realogy Holdings $ (462) $ (99) Less: Net loss from discontinued operations (27) (14) Net loss from continuing operations attributable to Realogy Holdings (435) (85) Income tax expense (benefit), net of payments (132) (33) Interest expense, net 101 63 Cash interest payments (18) (37) Depreciation and amortization 45 41 Capital expenditures (24) (22) Restructuring costs and former parent legacy items, net of payments 1 Impairments 447 1 Loss on the early extinguishment of debt 5 Working capital adjustments (97) (48) Free Cash Flow (112) (115) Contribution from discontinued operations (43) (57) Free Cash Flow including discontinued operations $ (155) $ (172) A reconciliation of net cash used in operating activities to Free Cash Flow and Free Cash Flow including discontinued operations is set forth in the following table: Three Months Ended March 31, 2020 2019 Net cash used in operating activities $ (82) $ (103) Less: Net cash provided by (used in) operating activities from discontinued operations 5 (10) Net cash used in operating activities from continuing operations (87) (93) Property and equipment additions (24) (22) Effect of exchange rates on cash and cash equivalents (1) Free Cash Flow (112) (115) Contribution from discontinued operations (43) (57) Free Cash Flow including discontinued operations $ (155) $ (172) Net cash used in investing activities $ (39) $ (23) Net cash provided by financing activities $ 500 $ 134 Table 7a NON-GAAP RECONCILIATION - SENIOR SECURED LEVERAGE RATIO FOR THE FOUR-QUARTER PERIOD ENDED MARCH31, 2020 (In millions) The senior secured leverage ratio is tested quarterly and may not exceed 4.75 to 1.00 pursuant to the terms of the senior secured credit facilities*. The senior secured leverage ratio is measured by dividing Realogy Group LLC's total senior secured net debt by the trailing four quarters EBITDA calculated on a Pro Forma Basis, as those terms are defined in the Senior Secured Credit Agreement. Total senior secured net debt does not include unsecured indebtedness, including the Unsecured Notes*, or the securitization obligations. EBITDA calculated on a Pro Forma Basis, as defined in the Senior Secured Credit Agreement, includes adjustments to Operating EBITDA for non-cash charges and incremental securitization interest costs, as well as pro forma cost savings for restructuring initiatives, the pro forma effect of business optimization initiatives and the pro forma effect of acquisitions and new franchisees, in each case calculated as of the beginning of the trailing four-quarter period. The Company was in compliance with the senior secured leverage ratio covenant at March31, 2020 with a ratio of 3.06 to 1.00. A reconciliation of net loss attributable to Realogy Group to Operating EBITDA including discontinued operations and EBITDA calculated on a Pro Forma Basis, as those terms are defined in the Senior Secured Credit Agreement, for the four-quarter period ended March31, 2020 is set forth in the following table: Less Equals Plus Equals Year Ended Three Months Ended Nine Months Ended Three Months Ended Twelve Months Ended December 31,2019 March 31,2019 December 31,2019 March 31,2020 March 31,2020 Net loss attributable to Realogy Group (a) $ (188) $ (99) $ (89) $ (462) $ (551) Income tax (benefit) expense (22) (32) 10 (132) (122) Loss before income taxes (210) (131) (79) (594) (673) Depreciation and amortization 169 41 128 45 173 Interest expense, net 249 63 186 101 287 Restructuring costs, net 42 9 33 11 44 Impairments 249 1 248 447 695 Former parent legacy cost, net 1 1 1 (Gain) loss on the early extinguishment of debt (5) 5 (10) (10) Income statement impact of discontinued operations 95 8 87 22 109 Operating EBITDA including discontinued operations (b) 590 (4) 594 32 626 Bank covenant adjustments: Operating EBITDA for discontinued operations (c) (29) Pro forma effect of business optimization initiatives (d) 30 Non-cash charges (e) 32 Pro forma effect of acquisitions and new franchisees (f) 4 EBITDA as defined by the Senior Secured Credit Agreement $ 663 Total senior secured net debt (g) $ 2,031 Senior secured leverage ratio 3.06 x _______________ (a)Net loss attributable to Realogy consists of: (i) income of $69 million for the second quarter of 2019, (ii) loss of $113 million for the third quarter of 2019, (iii) loss of $45 million for the fourth quarter of 2019 and (iv) loss of $462 million for the first quarter of 2020. (b)Consists of Operating EBITDA including discontinued operations of: (i) $245 million for the second quarter of 2019, (ii) $223 million for the third quarter of 2019, (iii) $126 million for the fourth quarter of 2019 and (iv) $32 million for the first quarter of 2020. (c) Represents the Operating EBITDA for Cartus Relocation. If the Operating EBITDA of Cartus Relocation were to be included in EBITDA as defined by the Senior Secured Credit Agreement, the Senior Secured Leverage Ratio would improve to 2.93x from 3.06x. (d) Represents the four-quarter pro forma effect of business optimization initiatives. (e) Represents the elimination of non-cash expenses including $27 million of stock-based compensation expense and$5 million for the change in the allowance for doubtful accounts and notes reserves for the four-quarter period ended March31, 2020. (f)Represents the estimated impact of acquisitions and franchise sales activity, net of brokerages that exited our franchise system as if these changes had occurred on April1, 2019. Franchisee sales activity is comprised of new franchise agreements as well as growth through acquisitions and independent sales agent recruitment by existing franchisees with our assistance. We have made a number of assumptions in calculating such estimates and there can be no assurance that we would have generated the projected levels of Operating EBITDA had we owned the acquired entities or entered into the franchise contracts as of April1, 2019. (g)Represents total borrowings under the senior secured credit facilities and borrowings secured by a first priority lien on our assets of $2,523 million plus $36 million of finance lease obligations less $528 million of readily available cash as of March31, 2020. Pursuant to the terms of our senior secured credit facilities, total senior secured net debt does not include our securitization obligations or unsecured indebtedness, including the Unsecured Notes. * Our senior secured credit facilities include the Amended and Restated Credit Agreement dated as of March 5, 2013, as amended from time to time (the "Senior Secured Credit Agreement"), and the Term Loan A Agreement dated as of October 23, 2015, as amended from time to time. Our Unsecured Notes include our 5.25% Senior Notes due 2021, our 4.875% Senior Notes due 2023 and our 9.375% Senior Notes due 2027. Table 7b NET DEBT LEVERAGE RATIO FOR THE FOUR-QUARTER PERIOD ENDED MARCH31, 2020 (In millions) Net corporate debt (excluding securitizations) divided by EBITDA calculated on a Pro Forma Basis, as those terms are defined in the senior secured credit facilities, for the four-quarter period ended March31, 2020 (referred to as net debt leverage ratio) is set forth in the following table: As of March 31, 2020 Revolver $ 755 Term Loan A 712 Term Loan B 1,056 5.25% Senior Notes 550 4.875% Senior Notes 407 9.375% Senior Notes 550 Finance lease obligations 36 Corporate Debt (excluding securitizations) 4,066 Less: Cash and cash equivalents 628 Net Corporate Debt (excluding securitizations) $ 3,438 EBITDA as defined by the Senior Secured Credit Agreement (a) $ 663 Net Debt Leverage Ratio(b) 5.2 x _______________ (a) See Table 7a for a reconciliation of Net loss attributable to Realogy Group to EBITDA as defined by the Senior Secured Credit Agreement. (b) Net Debt Leverage Ratio is substantially similar to Consolidated Leverage Ratio (as defined under the indenture governing the 9.375% Notes), except that when the Consolidated Leverage Ratio is measured at March 31 of any given year, the calculation includes a positive $200 million seasonality adjustment to cash and cash equivalents. Table 8 Non-GAAP Definitions Adjusted net income (loss) is defined by us as net income (loss) before mark-to-market interest rate swap adjustments, former parent legacy items, restructuring charges, the (gain) loss on the early extinguishment of debt, impairments, the tax effect of the foregoing adjustments and net income (loss) from discontinued operations. The gross amounts for these items as well as the adjustment for income taxes are presented. Operating EBITDA is defined by us as net income (loss) before depreciation and amortization, interest expense, net, income taxes, and other items that are not core to the operating activities of the Company such as restructuring charges, former parent legacy items, gains or losses on the early extinguishment of debt, impairments, gains or losses on discontinued operations and gains or losses on the sale of investments or other assets. Operating EBITDA is our primary non-GAAP measure. We present Operating EBITDA because we believe it is useful as a supplemental measure in evaluating the performance of our operating businesses and provides greater transparency into our results of operations. Our management, including our chief operating decision maker, uses Operating EBITDA as a factor in evaluating the performance of our business. Operating EBITDA should not be considered in isolation or as a substitute for net income or other statement of operations data prepared in accordance with GAAP. We believe Operating EBITDA facilitates company-to-company operating performance comparisons by backing out potential differences caused by variations in capital structures (affecting net interest expense), taxation, the age and book depreciation of facilities (affecting relative depreciation expense) and the amortization of intangibles, as well as other items that are not core to the operating activities of the Company such as restructuring charges, gains or losses on the early extinguishment of debt, former parent legacy items, impairments, gains or losses on discontinued operations and gains or losses on the sale of investments or other assets, which may vary for different companies for reasons unrelated to operating performance. We further believe that Operating EBITDA is frequently used by securities analysts, investors and other interested parties in their evaluation of companies, many of which present an Operating EBITDA measure when reporting their results. Operating EBITDA has limitations as an analytical tool, and you should not consider Operating EBITDA either in isolation or as a substitute for analyzing our results as reported under GAAP. Some of these limitations are: this measure does not reflect changes in, or cash required for, our working capital needs; this measure does not reflect our interest expense (except for interest related to our securitization obligations), or the cash requirements necessary to service interest or principal payments on our debt; this measure does not reflect our income tax expense or the cash requirements to pay our taxes; this measure does not reflect historical cash expenditures or future requirements for capital expenditures or contractual commitments; although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often require replacement in the future, and this measure does not reflect any cash requirements for such replacements; and other companies may calculate this measure differently so they may not be comparable. Operating EBITDA including discontinued operations includes Operating EBITDA, as defined above plus the Operating EBITDA contribution from discontinued operations on the same basis. Free Cash Flow is defined as net income (loss) attributable to Realogy before income tax expense (benefit), net of payments, interest expense, net, cash interest payments, depreciation and amortization, capital expenditures, restructuring costs and former parent legacy costs (benefits), net of payments, impairments, (gain) loss on the early extinguishment of debt and working capitaladjustments. Free Cash Flow including discontinued operations includes Free Cash Flow, as defined above plus the Free Cash Flow contribution from discontinued operations on the same basis. We use Free Cash Flow in our internal evaluation of operating effectiveness and decisions regarding the allocation of resources, as well as measuring the Company's ability to generate cash. Since Free Cash Flow can be viewed as both a performance measure and a cash flow measure, the Company has provided a reconciliation to both net income attributable to Realogy Holdings and net cash provided by operating activities. Free Cash Flow is not defined by GAAP and should not be considered in isolation or as an alternative to net income (loss), net cash provided by (used in) operating, investing and financing activities or other financial data prepared in accordance with GAAP or as an indicator of the Company's operating performance or liquidity. Free Cash Flow may differ from similarly titled measures presented by other companies. We present Operating EBITDA including discontinued operations and Free Cash Flow including discontinued operations to facilitate period over period results, however, these non-GAAP terms are subject to the same limitations noted above for Operating EBITDA and Free Cash Flow and, in addition, include the add-back of earnings and cash from discontinued operations, which is not indicative of the results of our continuing operations. SOURCE Realogy Holdings Corp. Related Links http://www.realogy.com Answer:

Realogy Reports First Quarter 2020 Financial Results

MADISON, N.J., May7, 2020 /PRNewswire/ --Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States, today reported financial results for the first quarter ended March31, 2020. "The first quarter marked strong results delivery for Realogy with 8% transaction volume growth and a $35 million increase in Operating EBITDA," said Ryan Schneider, Realogy's chief executive officer and president. "In this COVID crisis, Realogy's first priority is the health, safety, and well-being of our employees, affiliated agents, franchise owners, and customers. I am very excited by the creativity our affiliated agents and employees are demonstrating to help customers safely buy and sell homes and by the corporate actions we are taking to position Realogy to navigate this crisis and emerge strong on the other side." "Realogy delivered on its operational and financial momentum in the first quarter with top line growth and margin expansion across the enterprise," said Charlotte Simonelli, Realogy's executive vice president, chief financial officer and treasurer. "Our ongoing strategic execution, rigorous cost management, liquidity, and capital allocation decisions are designed to enable us to manage the challenges of the COVID-19 pandemic." First Quarter 2020 Highlights Generated Revenue of $1.1 billion, an increase of 6% or $62 million year-over-year. Reported a Net loss of $462 million driven primarily by a $447 million impairment charge related to broad based declines in the overall market due to COVID-19 and a $38 million net increase in interest expense due to the mark-to-market adjustments on interest rate swaps. Generated Operating EBITDA of $37 million, an increase of $35 million year over year (See Table 4). Achieved Operating EBITDA margin expansion of 300 basis points year-over-year driven by cost savings hitting the bottom line. Delivered 8% transaction volume growth across both our owned and franchise businesses. Grew agents 4% year-over-year at Realogy Brokerage Group along with improved retention. Delivered a significant quarter at Realogy Title Group driven in part by an increase in refinance volumes versus prior year. The GRA mortgage JV continued to contribute meaningfully to our business results, generating $9 million in Operating EBITDA this quarter. Generated Free Cash Flow from continuing operations of negative $112 million vs. negative $115 million last year (See Table 6). First Quarter 2020 Financial Highlights The following tables sets forth Realogy's financial highlights for the periods presented (in millions, except per share data) (unaudited): Three Months Ended March 31, 2020 2019 Change % Change Revenue $ 1,116 $ 1,054 $ 62 6 % Operating EBITDA 1 37 2 35 * Operating EBITDA including discontinued operations 1 32 (4) 36 * Net loss attributable to Realogy (462) (99) (363) (367) Adjusted net loss 2 (63) (64) 1 2 Basic loss per share (4.03) (0.87) (3.16) (363) Adjusted loss per share 2 (0.55) (0.56) 0.01 2 Free Cash Flow 3 (112) (115) 3 3 Free Cash Flow including discontinued operations 3 (155) (172) 17 10 Net cash used in operating activities $ (82) $ (103) $ 21 20 % Select Key Drivers Realogy Franchise Group 4 5 Closed homesale sides 203,188 202,662 % Average homesale price $ 322,465 $ 298,361 8 % Realogy Brokerage Group 5 Closed homesale sides 62,541 60,442 3 % Average homesale price $ 533,813 $ 511,922 4 % Realogy Title Group Purchase title and closing units 28,724 28,044 2 % Refinance title and closing units 8,899 4,011 122 % _______________ Footnotes: * not meaningful 1 See Table 4. Operating EBITDA is defined as net income (loss) before depreciation and amortization, interest expense, net, income taxes, and other items that are not core to the operating activities of the Company such as restructuring charges, former parent legacy items, gains or losses on the early extinguishment of debt, impairments, gains or losses on discontinued operations and gains or losses on the sale of investments or other assets. Operating EBITDA including discontinued operations is defined as Operating EBITDA, as defined above plus the Operating EBITDA contribution from discontinued operations on the same basis. 2 See Table 1a. Adjusted Net Income (loss) is defined as net income (loss) before mark-to-market interest rate swap adjustments, former parent legacy items, restructuring charges, (gain) loss on the early extinguishment of debt, impairments, the tax effect of the foregoing adjustments and net income (loss) from discontinued operations. Adjusted loss per share is Adjusted net loss divided by the weighted average common and common equivalent shares outstanding. 3 See Table 6. Free Cash Flow is defined as net income (loss) attributable to Realogy before income tax expense (benefit), net of payments, net interest expense, cash interest payments, depreciation and amortization, capital expenditures, restructuring costs and former parent legacy costs (benefits), net of payments, impairments, (gain) loss on the early extinguishment of debt and working capital adjustments. Free Cash Flow including discontinued operations is defined as Free Cash Flow, as defined above plus the Free Cash Flow contribution from discontinued operations on the same basis. 4 Includes all franchisees except for Realogy Brokerage Group. 5 The Company's combined homesale transaction volume growth (transaction sides multiplied by average sale price) increased 8% compared with the first quarter of 2019. Balance Sheet and Capital Allocation The Company ended the quarter with cash and cash equivalents of $628 million. Total corporate debt, including the short-term portion, net of cash and cash equivalents (net corporate debt), totaled $3.4 billion at March31, 2020. The Company's Net Debt Leverage Ratio was 5.2 times at March31, 2020. The Net Debt Leverage Ratio is net corporate debt divided by EBITDA, as defined by the Senior Secured Credit Facility, for the four-quarter period ended March31, 2020. Earnings from Cartus Relocation Services are included in discontinued operations and have been excluded from EBITDA, as defined by the Senior Secured Credit Facility. Cartus Relocation Services remained in discontinued operations for the first quarter of 2020 in accordance with GAAP notwithstanding our initiation of litigation on April 27, 2020 related to the sale of this business. In the first quarter of 2020, we consolidated Realogy Leads Group into Realogy Franchise Group. Based upon developments in our litigation related to the sale of Cartus Relocation Services, the Company may reassess segment classification in future periods. The Company expects to prioritize investing in its business and reducing leverage over other potential uses of cash. A consolidated balance sheet is included as Table 2 of this press release. Investor Conference Call Today, May7, at 8:30 a.m. (ET), Realogy will hold a conference call via webcast to review its Q12020 results and provide a business update. The webcast will be hosted by Ryan Schneider, chief executive officer and president, and Charlotte Simonelli, chief financial officer, and will conclude with an investor Q&A period with management. Investors may access the conference call live via webcast at ir.realogy.com or by dialing (888) 895-3527 (toll free); international participants should dial (706) 679-2250. Please dial in at least 5 to 10 minutes prior to start time. A webcast replay also will be available on the website. About Realogy Holdings Corp. Realogy Holdings Corp. (NYSE: RLGY) is the leading and most integrated provider of U.S. residential real estate services, encompassing franchise, brokerage, and title and settlement businesses as well as a mortgage joint venture. Realogy's diverse brand portfolio includes some of the most recognized names in real estate: Better Homes and Gardens Real Estate, CENTURY 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, and Sotheby's International Realty. Using innovative technology, data and marketing products, best-in-class learning and support services, and high-quality lead generation programs, Realogy fuels the productivity of independent sales agents, helping them build stronger businesses and best serve today's consumers. Realogy's affiliated brokerages operate around the world with approximately 188,900 independent sales agents in the United States and more than 122,400 independent sales agents in 113 other countries and territories. Recognized for nine consecutive years as one of the World's Most Ethical Companies, Realogy has also been designated a Great Place to Work and one of Forbes' Best Employers for Diversity. Realogy is headquartered in Madison, New Jersey. Forward-Looking Statements Certain statements in this press release constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Realogy Holdings Corp. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "potential" and "plans" and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Any statements that refer to expectations or other characterizations of future events, circumstances or results are forward-looking statements. The following include some, but not all, of the factors that could affect our future results and cause actual results to differ materially from those expressed in the forward-looking statements. Additionally, many of these risks and uncertainties are currently amplified by and will continue to be amplified by, or in the future may be amplified by, the coronavirus disease (COVID-19) pandemic: the extent, duration and severity of the spread of the COVID-19 pandemic and economic consequences stemming from the COVID-19 crisis (including a potential significant economic contraction) as well as related risks and the impact of any of the foregoing on our business, results of operations and liquidity; adverse developments or the absence of sustained improvement in general business, economic or political conditions or the U.S. residential real estate markets, either regionally or nationally, including but not limited to a decline in consumer confidence or spending, weak capital and financial markets and/or the instability of financial institutions, increased levels of unemployment and/or declining wages or stagnant wage growth in the U.S., an increase in potential homebuyers with low credit ratings or inability to afford down payments, constraints on the availability of mortgage financing, an increase in foreclosure activity, decline or a lack of improvement in the number of homesales, insufficient home inventory levels by market and price point, stagnant or declining home prices or a reduction in the affordability of housing, a lack of improvement or deceleration in the building of new housing, the potential negative impact of certain provisions of the Tax Cuts and Jobs Act of 2017 (the "2017 Tax Act") on home values over time in states with high property, sales and state and local income taxes or on homeownership rates, and/or the impact of recessions, slow economic growth, or a deterioration in other economic factors (including potential consumer, business or governmental defaults due to the COVID-19 crisis) that particularly impact the residential real estate market and the business segments in which we operate whether broadly or by geography and price segments; risks related to our ability to comply with the senior secured leverage ratio covenant under our Senior Secured Credit Facility (including the Revolving Credit Facility) and Term Loan A Facility; risks associated with our substantial indebtedness and interest obligations and restrictions contained in our debt agreements, including risks relating to our ability to generate sufficient cash flows to service our debt (in particular if the COVID-19 crisis continues for a prolonged period) and having to dedicate a significant portion of our cash flows from operations to service our debt and risks relating to our ability to refinance or repay our indebtedness or incur additional indebtedness; risks related to disruptions in the securitization markets, including in connection with the COVID-19 crisis; the impact of increased competition in the industry for clients, for the affiliation of independent sales agents and for the affiliation of franchisees on our results of operations and market share; the impact of disruption in the residential real estate brokerage industry, and on our results of operations and financial condition, as a result of listing aggregator concentration and market power; continuing pressure on the share of gross commission income paid by our company owned brokerages and affiliated franchisees to affiliated independent sales agents and sales agent teams; our inability to develop products, technology and programs (including our company-directed affinity programs) that supports our business strategy; our geographic and high-end market concentration; our inability to enter into franchise agreements with new franchisees or renew existing franchise agreements without reducing contractual royalty rates or increasing the amount and prevalence of sales incentives; the lack of revenue growth or declining profitability of our franchisees and company owned brokerage operations or declines in other revenue streams, such as third-party listing fees; increases in uncollectible accounts receivable and note reserves as a result of the adverse financial effects of the COVID-19 crisis on our franchisees and relocation clients; the potential impact of negative industry or business trends (including further declines in our market capitalization) on our valuation of goodwill and intangibles; the extent of the negative impact of the discontinuation of the USAA affinity program on our revenues and profits derived from affinity program referrals (including downstream revenue); the loss of our next largest affinity client or multiple significant relocation clients; risks related to our ongoing litigation with Madison Dearborn Partners, LLC and SIRVA Worldwide, Inc. regarding the planned sale of Cartus Relocation Services, including that such transaction will not close; changes in corporate relocation practices resulting in fewer employee relocations, reduced relocation benefits and/or increasing competition in corporate relocation; an increase in the experienced claims losses of our title underwriter; our failure or alleged failure to comply with laws, regulations and regulatory interpretations and any changes or stricter interpretations of any of the foregoing (whether through private litigation or governmental action), including but not limited to (i) state or federal employment laws or regulations that would require reclassification of independent contractor sales agents to employee status, (ii) privacy or data security laws and regulations, (iii) the Real Estate Settlement Procedures Act (RESPA) or other federal or state consumer protection or similar laws and (iv) antitrust laws and regulations; risks related to the impact on our operations and financial results that may be caused by any future meaningful changes in industry operations or structure as a result of governmental pressures, the actions of certain competitors, the introduction or growth of certain competitive models, changes to the rules of the multiple listing services, or otherwise; and risks and growing costs related to both cybersecurity threats to our data and customer, franchisee, employee and independent sales agent data, as well as those related to our compliance with the growing number of laws, regulations and other requirements related to the protection of personal information. Consideration should be given to the areas of risk described above, as well as those risks set forth under the headings "Forward-Looking Statements" and "Risk Factors" in our filings with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q for the quarter ended March31, 2020 and our Annual Report on Form 10-K for the year ended December 31, 2019, and our other filings made from time to time, in connection with considering any forward-looking statements that may be made by us and our businesses generally. We undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events except as required by law. Non-GAAP Financial Measures This release includes certain non-GAAP financial measures as defined under SEC rules. As required bySECrules, important information regarding such measures is contained in the Tables attached to this release. See Tables 1a, 7a and 8 for definitions of these non-GAAP financial measures and Tables 1a, 4, 5a, 5b, 6, 7a and 7b for reconciliations of the historical non-GAAP financial measures to their most comparable GAAP terms. Investor Contacts: Media Contacts: Alicia Swift Trey Sarten (973) 407-4669 (973) 407-2162 [emailprotected] [emailprotected] Danielle Kloeblen (973) 407-2148 [emailprotected] Table 1 REALOGY HOLDINGS CORP. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share data) (Unaudited) Three Months Ended March 31, 2020 2019 Revenues Gross commission income $ 850 $ 799 Service revenue 151 129 Franchise fees 71 70 Other 44 56 Net revenues 1,116 1,054 Expenses Commission and other agent-related costs 630 575 Operating 325 330 Marketing 59 68 General and administrative 74 80 Restructuring costs, net 11 9 Impairments 447 1 Depreciation and amortization 45 41 Interest expense, net 101 63 Loss on the early extinguishment of debt 5 Total expenses 1,692 1,172 Loss from continuing operations before income taxes, equity in earnings andnoncontrolling interests (576) (118) Income tax benefit from continuing operations (132) (32) Equity in earnings of unconsolidated entities (9) (1) Net loss from continuing operations (435) (85) Loss from discontinued operations, net of tax (5) (14) Estimated loss on the sale of discontinued operations, net of tax (22) Net loss from discontinued operations (27) (14) Net loss (462) (99) Less: Net income attributable to noncontrolling interests Net loss attributable to Realogy Holdings $ (462) $ (99) Basic loss per share attributable to Realogy Holdings shareholders: Basic loss per share from continuing operations $ (3.79) $ (0.75) Basic loss per share from discontinued operations (0.24) (0.12) Basic loss per share $ (4.03) $ (0.87) Diluted loss per share attributable to Realogy Holdings shareholders: Diluted loss per share from continuing operations $ (3.79) $ (0.75) Diluted loss per share from discontinued operations (0.24) (0.12) Diluted loss per share $ (4.03) $ (0.87) Weighted average common and common equivalent shares of Realogy Holdings outstanding: Basic 114.7 114.0 Diluted 114.7 114.0 Table 1a REALOGY HOLDINGS CORP. NON-GAAP RECONCILIATION ADJUSTED NET LOSS AND ADJUSTED LOSS PER SHARE (In millions, except per share data) We present Adjusted net loss and Adjusted loss per share because we believe these measures are useful as supplemental measures in evaluating the performance of our operating businesses and provides greater transparency into our operating results. Adjusted net income (loss) is defined by us as net income (loss) before: (a) mark-to-market interest rate swap adjustments, whose fair value is subject to movements in LIBOR and the forward yield curve and therefore are subject to significant fluctuations; (b) former parent legacy items, which pertain to liabilities of the former parent for matters prior to mid-2006 and are non-operational in nature; (c) restructuring charges as a result of initiatives currently in progress; (d) the (gain) loss on the early extinguishment of debt that results from refinancing and deleveraging debt initiatives; (e) impairments; (f) the tax effect of the foregoing adjustments and (g) net loss from discontinued operations. The gross amounts for these items as well as the adjustment for income taxes are shown in the table below. Adjusted loss per share is Adjusted net loss divided by the weighted average common and common equivalent shares outstanding. Set forth in the table below isa reconciliation of Net loss to Adjusted net loss for the three-month periods ended March31, 2020 and 2019: Three Months Ended March 31, 2020 2019 Net loss attributable to Realogy Holdings $ (462) $ (99) Addback: Mark-to-market interest rate swap losses 51 14 Restructuring costs, net 11 9 Impairments (a) 447 1 Loss on the early extinguishment of debt 5 Adjustments for tax effect (b) (137) (8) Net loss from discontinued operations 27 14 Adjusted net loss attributable to Realogy Holdings $ (63) $ (64) Loss per share attributable to Realogy Holdings: Basic loss per share: $ (4.03) $ (0.87) Diluted loss per share: $ (4.03) $ (0.87) Adjusted loss per share attributable to Realogy Holdings: Adjusted basic loss per share: $ (0.55) $ (0.56) Adjusted diluted loss per share: $ (0.55) $ (0.56) Weighted average common and common equivalent shares outstanding: Basic: 114.7 114.0 Diluted: 114.7 114.0 _______________ (a) Impairments for the three months ended March31, 2020 include primarily a goodwill impairment charge of $413million which reduced the net carrying value of Realogy Brokerage Group by $314million after accounting for the related income tax benefit of $99million and an impairment charge of $30million which reduced the carrying value of trademarks at Realogy Franchise Group. (b) Reflects tax effect of adjustments at the Company's blended state and federal statutory rate. Table 2 REALOGY HOLDINGS CORP. CONDENSED CONSOLIDATED BALANCE SHEETS (In millions, except share data) (Unaudited) March 31,2020 December 31,2019 ASSETS Current assets: Cash and cash equivalents $ 628 $ 235 Trade receivables (net of allowance for doubtful accounts of $13 and $11) 102 79 Other current assets 167 147 Current assets - held for sale 683 750 Total current assets 1,580 1,211 Property and equipment, net 304 308 Operating lease assets, net 501 515 Goodwill 2,887 3,300 Trademarks 643 673 Franchise agreements, net 1,143 1,160 Other intangibles, net 71 72 Other non-current assets 332 304 Total assets $ 7,461 $ 7,543 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 70 $ 84 Current portion of long-term debt 803 234 Current portion of operating lease liabilities 119 122 Accrued expenses and other current liabilities 353 350 Current liabilities - held for sale 295 356 Total current liabilities 1,640 1,146 Long-term debt 3,200 3,211 Long-term operating lease liabilities 457 467 Deferred income taxes 253 390 Other non-current liabilities 277 233 Total liabilities 5,827 5,447 Commitments and contingencies Equity: Realogy Holdings preferred stock: $0.01 par value; 50,000,000 shares authorized, none issued and outstanding at March31, 2020 and December31, 2019 Realogy Holdings common stock: $0.01 par value; 400,000,000 shares authorized, 115,285,528 shares issued and outstanding at March31, 2020 and 114,355,519 shares issued and outstanding at December31, 2019 1 1 Additional paid-in capital 4,844 4,842 Accumulated deficit (3,157) (2,695) Accumulated other comprehensive loss (57) (56) Total stockholders' equity 1,631 2,092 Noncontrolling interests 3 4 Total equity 1,634 2,096 Total liabilities and equity $ 7,461 $ 7,543 Table 3a REALOGY HOLDINGS CORP. 2020 vs. 2019 KEY DRIVERS Three Months Ended March 31, 2020 2019 % Change Realogy Franchise Group (a) Closed homesale sides 203,188 202,662 % Average homesale price $ 322,465 $ 298,361 8 % Average homesale broker commission rate 2.47 % 2.48 % (1) bps Net royalty per side $ 316 $ 303 4 % Realogy Brokerage Group Closed homesale sides 62,541 60,442 3 % Average homesale price $ 533,813 $ 511,922 4 % Average homesale broker commission rate 2.41 % 2.41 % bps Gross commission income per side $ 13,597 $ 13,212 3 % Realogy Title Group Purchase title and closing units 28,724 28,044 2 % Refinance title and closing units 8,899 4,011 122 % Average fee per closing unit $ 2,269 $ 2,267 % _______________ (a)Includes all franchisees except for Realogy Brokerage Group. Table 3b REALOGY HOLDINGS CORP. 2019 KEY DRIVERS Quarter Ended Year Ended March 31,2019 June 30,2019 September 30,2019 December 31,2019 December 31,2019 Realogy Franchise Group (a) Closed homesale sides 202,662 301,377 299,937 257,524 1,061,500 Average homesale price $ 298,361 $ 318,799 $ 314,984 $ 322,713 $ 314,769 Average homesale broker commission rate 2.48 % 2.47 % 2.47 % 2.46 % 2.47 % Net royalty per side $ 303 $ 331 $ 329 $ 338 $ 327 Realogy Brokerage Group Closed homesale sides 60,442 95,251 92,399 77,560 325,652 Average homesale price $ 511,922 $ 540,725 $ 509,425 $ 523,024 $ 522,282 Average homesale broker commission rate 2.41 % 2.41 % 2.41 % 2.39 % 2.41 % Gross commission income per side $ 13,212 $ 13,758 $ 13,000 $ 13,147 $ 13,296 Realogy Title Group Purchase title and closing units 28,044 42,202 41,619 34,345 146,210 Refinance title and closing units 4,011 5,270 8,014 9,294 26,589 Average fee per closing unit $ 2,267 $ 2,356 $ 2,288 $ 2,267 $ 2,297 _______________ (a) Includes all franchisees except for Realogy Brokerage Group. Table 4 REALOGY HOLDINGS CORP. NON-GAAP RECONCILIATION - OPERATING EBITDA AND OPERATING EBITDA INCLUDING DISCONTINUED OPERATIONS THREE MONTHS ENDED MARCH31, 2020 AND 2019 (In millions) Set forth in the tables below isa reconciliation of Net loss to Operating EBITDA and Operating EBITDA including discontinued operations for the three-month periods ended March31, 2020 and 2019: Three Months Ended March 31, 2020 2019 Net loss attributable to Realogy Holdings $ (462) $ (99) Less: Net loss from discontinued operations (27) (14) Add: Income tax benefit from continuing operations (132) (32) Loss from continuing operations before income taxes (567) (117) Add: Depreciation and amortization 45 41 Interest expense, net 101 63 Restructuring costs, net (a) 11 9 Impairments (b) 447 1 Loss on the early extinguishment of debt (c) 5 Operating EBITDA 37 2 Contribution from discontinued operations (5) (6) Operating EBITDA including discontinued operations $ 32 $ (4) The following table reflects Revenue, Operating EBITDA and Operating EBITDA margin by reportable segments: Revenues (d) $ Change % Change Operating EBITDA $ Change % Change Operating EBITDA Margin Change 2020 2019 2020 2019 2020 2019 Realogy Franchise Group $ 168 $ 179 $ (11) (6) % $ 101 $ 98 $ 3 3 % 60 % 55 % 5 Realogy Brokerage Group 869 816 53 6 (51) (62) 11 18 (6) (8) 2 Realogy Title Group 137 114 23 20 12 (9) 21 233 9 (8) 17 Corporate and Other (58) (55) (3) * (25) (25) * Total $ 1,116 $ 1,054 $ 62 6 % $ 37 $ 2 $ 35 1,750 % 3 % % 3 Contribution from discontinued operations (5) (6) Total including discontinued operations $ 32 $ (4) The following table reflects Realogy Franchise and Brokerage Groups' results before the intercompany royalties and marketing fees, as well as on a combined basis to show the Operating EBITDA contribution of these business units to the overall Operating EBITDA of the Company: Revenues $Change % Change Operating EBITDA $Change % Change Operating EBITDA Margin Change 2020 2019 2020 2019 2020 2019 Realogy Franchise Group (e) $ 110 $ 124 $ (14) (11) % $ 43 $ 43 $ % 39 % 35 % 4 Realogy Brokerage Group (e) 869 816 53 6 7 (7) 14 200 1 (1) 2 Realogy Franchise and Brokerage Groups Combined $ 979 $ 940 $ 39 4 % $ 50 $ 36 $ 14 39 % 5 % 4 % 1 _______________ * not meaningful. (a)Restructuring charges incurred for the three months ended March31, 2020 include $1 million at Realogy Franchise Group, $9 million at Realogy Brokerage Group and $1 million at Realogy Title Group. Restructuring charges incurred for the three months ended March31, 2019 include $4 million at Realogy Brokerage Group, $1 million at Realogy Title Group and $4 million at Corporate and Other. (b) Impairments for the three months ended March31, 2020 include a goodwill impairment charge of $413million which reduced the net carrying value of Realogy Brokerage Group by $314million after accounting for the related income tax benefit of $99million, an impairment charge of $30million which reduced the carrying value of trademarks at Realogy Franchise Group and $4 million related to lease asset impairments. Impairments for the three months ended March 31, 2019 include $1 million of impairment charges related to lease asset impairments. (c) Loss on the early extinguishment of debt is recorded in Corporate and Other. (d) Includes the elimination of transactions between segments, which consists of intercompany royalties and marketing fees paid by Realogy Brokerage Group of $58 million and $55 million during the three months ended March31, 2020 and 2019, respectively. (e)The segment numbers noted above do not reflect the impact of intercompany royalties and marketing fees paid by Realogy Brokerage Group to Realogy Franchise Group of $58 million and $55 million during the three months ended March31, 2020 and 2019, respectively. Table 5a REALOGY HOLDINGS CORP. SELECTED 2020 FINANCIAL DATA (In millions) Three Months Ended March 31, 2020 Net revenues (a) Realogy Franchise Group $ 168 Realogy Brokerage Group 869 Realogy Title Group 137 Corporate and Other (58) Total $ 1,116 Operating EBITDA Realogy Franchise Group $ 101 Realogy Brokerage Group (51) Realogy Title Group 12 Corporate and Other (25) Total $ 37 Non-GAAP Reconciliation - Operating EBITDA Operating EBITDA $ 37 Contribution from discontinued operations (5) Operating EBITDA including discontinued operations 32 Less: Depreciation and amortization 45 Interest expense, net 101 Income tax expense (132) Restructuring costs, net (b) 11 Impairments (c) 447 Adjustments attributable to discontinued operations (d) 22 Net loss attributable to Realogy Holdings $ (462) _______________ (a)Transactions between segments are eliminated in consolidation. Revenues for Realogy Franchise Group include intercompany royalties and marketing fees paid by Realogy Brokerage Group of $58 million for the three months ended March31, 2020. Such amounts are eliminated through Corporate and Other. Revenues for Realogy Franchise Group include $2 million of intercompany referral commissionsrelated to Realogy Advantage Broker Network paid by Realogy Brokerage Group during the three months ended March31, 2020. Such amounts are recorded as contra-revenues by Realogy Brokerage Group. (b) Includes restructuring charges broken down by business unit as follows: Three Months Ended March 31, 2020 Realogy Franchise Group $ 1 Realogy Brokerage Group 9 Realogy Title Group 1 Total Company $ 11 (c)Impairments for the three months ended March31, 2020 include a goodwill impairment charge of $413million which reduced the net carrying value of Realogy Brokerage Group by $314million after accounting for the related income tax benefit of $99million, an impairment charge of $30million which reduced the carrying value of trademarks at Realogy Franchise Group and $4 million related to lease asset impairments. (d) Includes depreciation and amortization, interest expense, income tax and restructuring charges related to discontinued operations. In addition, includes the adjustment to record assets and liabilities held for sale at the lower of carrying value or fair value less any costs to sell based on the estimated net purchase price. Table 5b REALOGY HOLDINGS CORP. SELECTED 2019 FINANCIAL DATA (In millions) Three Months Ended Year Ended March 31, June 30, September 30, December 31, December 31, 2019 2019 2019 2019 2019 Net revenues (a) Realogy Franchise Group $ 179 $ 260 $ 240 $ 207 $ 886 Realogy Brokerage Group 816 1,331 1,222 1,040 4,409 Realogy Title Group 114 160 170 152 596 Corporate and Other (55) (87) (82) (69) (293) Total $ 1,054 $ 1,664 $ 1,550 $ 1,330 $ 5,598 Operating EBITDA Realogy Franchise Group $ 98 $ 180 $ 170 $ 140 $ 588 Realogy Brokerage Group (62) 47 31 (12) 4 Realogy Title Group (9) 32 31 14 68 Corporate and Other (25) (24) (26) (23) (98) Total $ 2 $ 235 $ 206 $ 119 $ 562 Non-GAAP Reconciliation - Operating EBITDA Operating EBITDA $ 2 $ 235 $ 206 $ 119 $ 562 Contribution from discontinued operations (6) 10 17 7 28 Operating EBITDA including discontinued operations (4) 245 223 126 590 Less: Depreciation and amortization 41 43 42 43 169 Interest expense, net 63 80 66 40 249 Income tax (benefit) expense (32) 33 (23) (22) Restructuring costs, net (b) 9 9 11 13 42 Impairments (c) 1 2 240 6 249 Former parent legacy cost, net (d) 1 1 Loss (gain) on the early extinguishment of debt (d) 5 (10) (5) Adjustments attributable to discontinued operations (e) 8 9 9 69 95 Net (loss) income attributable to Realogy Holdings $ (99) $ 69 $ (113) $ (45) $ (188) _______________ (a)Transactions between segments are eliminated in consolidation. Revenues for Realogy Franchise Group include intercompany royalties and marketing fees paid by Realogy Brokerage Group of $55 million, $87 million, $82 million and $69 million for the three months ended March 31, 2019, June 30, 2019, September 30, 2019 and December31, 2019, respectively. Such amounts are eliminated through Corporate and Other. Revenues for Realogy Franchise Group include $3 million, $5 million, $6 million and $4 million of intercompany referral commissions related to Realogy Advantage Broker Network paid by Realogy Brokerage Group during the three months ended March 31, 2019, June 30, 2019, September 30, 2019 and December31, 2019, respectively. Such amounts are recorded as contra-revenues by Realogy Brokerage Group. (b) Includes restructuring charges broken down by business unit as follows: Three Months Ended Year Ended March 31, June 30, September 30, December 31, December 31, 2019 2019 2019 2019 2019 Realogy Franchise Group $ $ 1 $ 2 $ 1 $ 4 Realogy Brokerage Group 4 6 8 7 25 Realogy Title Group 1 1 1 3 Corporate and Other 4 1 1 4 10 Total Company $ 9 $ 9 $ 11 $ 13 $ 42 (c)Impairments for the three months ended September 30, 2019 and the year ended December 31, 2019 include a goodwill impairment charge of $237 million which reduced the net carrying value of Realogy Brokerage Group by $180 million after accounting for the relatedincome tax benefit of $57 million. In addition, the three months ended March 31, 2019, June 30, 2019, September 30, 2019 and December 31, 2019 include charges primarily related to lease asset impairments of$1 million, $2 million, $3 million and $6 million, respectively. (d)Former parent legacy items and Loss (gain) on the early extinguishment of debt are recorded in Corporate and Other. (e)Includes depreciation and amortization, interest expense, income tax and restructuring charges related to discontinued operations. In addition, the three months and year ended December 31, 2019 includes the estimated loss on the sale of discontinued operations of $22 million and the related tax expense of $38million. Table 5c REALOGY HOLDINGS CORP. 2019 CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share data) (Unaudited) Three Months Ended Year Ended March 31, June 30, September 30, December 31, December 31, 2019 2019 2019 2019 2019 Revenues Gross commission income $ 799 $ 1,310 $ 1,201 $ 1,020 $ 4,330 Service revenue 129 183 191 170 673 Franchise fees 70 112 108 96 386 Other 56 59 50 44 209 Net revenues 1,054 1,664 1,550 1,330 5,598 Expenses Commission and other agent-related costs 575 955 875 751 3,156 Operating 330 343 343 329 1,345 Marketing 68 69 63 62 262 General and administrative 80 68 69 71 288 Former parent legacy cost, net 1 1 Restructuring costs, net 9 9 11 13 42 Impairments 1 2 240 6 249 Depreciation and amortization 41 43 42 43 169 Interest expense, net 63 80 66 40 249 Loss (gain) on the early extinguishment of debt 5 (10) (5) Total expenses 1,172 1,569 1,700 1,315 5,756 (Loss) income from continuing operations before income taxes, equity in earnings and noncontrolling interests (118) 95 (150) 15 (158) Income tax (benefit) expense from continuing operations (32) 33 (23) (22) Equity in earnings of unconsolidated entities (1) (7) (7) (3) (18) Net (loss) income from continuing operations (85) 69 (120) 18 (118) (Loss) income from discontinued operations, net of tax (14) 1 8 (2) (7) Estimated loss on the sale of discontinued operations, net of tax (60) (60) Net (loss) income from discontinued operations (14) 1 8 (62) (67) Net (loss) income (99) 70 (112) (44) (185) Less: Net income attributable to noncontrolling interests (1) (1) (1) (3) Net (loss) income attributable to Realogy Holdings $ (99) $ 69 $ (113) $ (45) $ (188) Basic (loss) earnings per share attributable to Realogy Holdings shareholders: Basic (loss) earnings per share from continuing operations $ (0.75) $ 0.59 $ (1.06) $ 0.15 $ (1.06) Basic (loss) earnings per share from discontinued operations (0.12) 0.01 0.07 (0.54) (0.59) Basic (loss) earnings per share $ (0.87) $ 0.60 (0.99) (0.39) (1.65) Diluted (loss) earnings per share attributable to Realogy Holdings shareholders: Diluted (loss) earnings per share from continuing operations $ (0.75) $ 0.59 $ (1.06) $ 0.15 $ (1.06) Diluted (loss) earnings per share from discontinued operations (0.12) 0.01 0.07 (0.54) (0.59) Diluted (loss) earnings per share $ (0.87) $ 0.60 $ (0.99) $ (0.39) $ (1.65) Weighted average common and common equivalent shares of Realogy Holdings outstanding: Basic 114.0 114.3 114.3 114.3 114.2 Diluted 114.0 114.9 114.3 114.3 114.2 Table 6 REALOGY HOLDINGS CORP. NON-GAAP RECONCILIATION - FREE CASH FLOW AND FREE CASH FLOW INCLUDING DISCONTINUED OPERATIONS THREE MONTHS ENDED MARCH31, 2020 AND 2019 (In millions) A reconciliation of net loss attributable to Realogy Holdings to Free Cash Flow and Free Cash Flow including discontinued operations is set forth in the following table: Three Months Ended March 31, 2020 2019 Net loss attributable to Realogy Holdings $ (462) $ (99) Less: Net loss from discontinued operations (27) (14) Net loss from continuing operations attributable to Realogy Holdings (435) (85) Income tax expense (benefit), net of payments (132) (33) Interest expense, net 101 63 Cash interest payments (18) (37) Depreciation and amortization 45 41 Capital expenditures (24) (22) Restructuring costs and former parent legacy items, net of payments 1 Impairments 447 1 Loss on the early extinguishment of debt 5 Working capital adjustments (97) (48) Free Cash Flow (112) (115) Contribution from discontinued operations (43) (57) Free Cash Flow including discontinued operations $ (155) $ (172) A reconciliation of net cash used in operating activities to Free Cash Flow and Free Cash Flow including discontinued operations is set forth in the following table: Three Months Ended March 31, 2020 2019 Net cash used in operating activities $ (82) $ (103) Less: Net cash provided by (used in) operating activities from discontinued operations 5 (10) Net cash used in operating activities from continuing operations (87) (93) Property and equipment additions (24) (22) Effect of exchange rates on cash and cash equivalents (1) Free Cash Flow (112) (115) Contribution from discontinued operations (43) (57) Free Cash Flow including discontinued operations $ (155) $ (172) Net cash used in investing activities $ (39) $ (23) Net cash provided by financing activities $ 500 $ 134 Table 7a NON-GAAP RECONCILIATION - SENIOR SECURED LEVERAGE RATIO FOR THE FOUR-QUARTER PERIOD ENDED MARCH31, 2020 (In millions) The senior secured leverage ratio is tested quarterly and may not exceed 4.75 to 1.00 pursuant to the terms of the senior secured credit facilities*. The senior secured leverage ratio is measured by dividing Realogy Group LLC's total senior secured net debt by the trailing four quarters EBITDA calculated on a Pro Forma Basis, as those terms are defined in the Senior Secured Credit Agreement. Total senior secured net debt does not include unsecured indebtedness, including the Unsecured Notes*, or the securitization obligations. EBITDA calculated on a Pro Forma Basis, as defined in the Senior Secured Credit Agreement, includes adjustments to Operating EBITDA for non-cash charges and incremental securitization interest costs, as well as pro forma cost savings for restructuring initiatives, the pro forma effect of business optimization initiatives and the pro forma effect of acquisitions and new franchisees, in each case calculated as of the beginning of the trailing four-quarter period. The Company was in compliance with the senior secured leverage ratio covenant at March31, 2020 with a ratio of 3.06 to 1.00. A reconciliation of net loss attributable to Realogy Group to Operating EBITDA including discontinued operations and EBITDA calculated on a Pro Forma Basis, as those terms are defined in the Senior Secured Credit Agreement, for the four-quarter period ended March31, 2020 is set forth in the following table: Less Equals Plus Equals Year Ended Three Months Ended Nine Months Ended Three Months Ended Twelve Months Ended December 31,2019 March 31,2019 December 31,2019 March 31,2020 March 31,2020 Net loss attributable to Realogy Group (a) $ (188) $ (99) $ (89) $ (462) $ (551) Income tax (benefit) expense (22) (32) 10 (132) (122) Loss before income taxes (210) (131) (79) (594) (673) Depreciation and amortization 169 41 128 45 173 Interest expense, net 249 63 186 101 287 Restructuring costs, net 42 9 33 11 44 Impairments 249 1 248 447 695 Former parent legacy cost, net 1 1 1 (Gain) loss on the early extinguishment of debt (5) 5 (10) (10) Income statement impact of discontinued operations 95 8 87 22 109 Operating EBITDA including discontinued operations (b) 590 (4) 594 32 626 Bank covenant adjustments: Operating EBITDA for discontinued operations (c) (29) Pro forma effect of business optimization initiatives (d) 30 Non-cash charges (e) 32 Pro forma effect of acquisitions and new franchisees (f) 4 EBITDA as defined by the Senior Secured Credit Agreement $ 663 Total senior secured net debt (g) $ 2,031 Senior secured leverage ratio 3.06 x _______________ (a)Net loss attributable to Realogy consists of: (i) income of $69 million for the second quarter of 2019, (ii) loss of $113 million for the third quarter of 2019, (iii) loss of $45 million for the fourth quarter of 2019 and (iv) loss of $462 million for the first quarter of 2020. (b)Consists of Operating EBITDA including discontinued operations of: (i) $245 million for the second quarter of 2019, (ii) $223 million for the third quarter of 2019, (iii) $126 million for the fourth quarter of 2019 and (iv) $32 million for the first quarter of 2020. (c) Represents the Operating EBITDA for Cartus Relocation. If the Operating EBITDA of Cartus Relocation were to be included in EBITDA as defined by the Senior Secured Credit Agreement, the Senior Secured Leverage Ratio would improve to 2.93x from 3.06x. (d) Represents the four-quarter pro forma effect of business optimization initiatives. (e) Represents the elimination of non-cash expenses including $27 million of stock-based compensation expense and$5 million for the change in the allowance for doubtful accounts and notes reserves for the four-quarter period ended March31, 2020. (f)Represents the estimated impact of acquisitions and franchise sales activity, net of brokerages that exited our franchise system as if these changes had occurred on April1, 2019. Franchisee sales activity is comprised of new franchise agreements as well as growth through acquisitions and independent sales agent recruitment by existing franchisees with our assistance. We have made a number of assumptions in calculating such estimates and there can be no assurance that we would have generated the projected levels of Operating EBITDA had we owned the acquired entities or entered into the franchise contracts as of April1, 2019. (g)Represents total borrowings under the senior secured credit facilities and borrowings secured by a first priority lien on our assets of $2,523 million plus $36 million of finance lease obligations less $528 million of readily available cash as of March31, 2020. Pursuant to the terms of our senior secured credit facilities, total senior secured net debt does not include our securitization obligations or unsecured indebtedness, including the Unsecured Notes. * Our senior secured credit facilities include the Amended and Restated Credit Agreement dated as of March 5, 2013, as amended from time to time (the "Senior Secured Credit Agreement"), and the Term Loan A Agreement dated as of October 23, 2015, as amended from time to time. Our Unsecured Notes include our 5.25% Senior Notes due 2021, our 4.875% Senior Notes due 2023 and our 9.375% Senior Notes due 2027. Table 7b NET DEBT LEVERAGE RATIO FOR THE FOUR-QUARTER PERIOD ENDED MARCH31, 2020 (In millions) Net corporate debt (excluding securitizations) divided by EBITDA calculated on a Pro Forma Basis, as those terms are defined in the senior secured credit facilities, for the four-quarter period ended March31, 2020 (referred to as net debt leverage ratio) is set forth in the following table: As of March 31, 2020 Revolver $ 755 Term Loan A 712 Term Loan B 1,056 5.25% Senior Notes 550 4.875% Senior Notes 407 9.375% Senior Notes 550 Finance lease obligations 36 Corporate Debt (excluding securitizations) 4,066 Less: Cash and cash equivalents 628 Net Corporate Debt (excluding securitizations) $ 3,438 EBITDA as defined by the Senior Secured Credit Agreement (a) $ 663 Net Debt Leverage Ratio(b) 5.2 x _______________ (a) See Table 7a for a reconciliation of Net loss attributable to Realogy Group to EBITDA as defined by the Senior Secured Credit Agreement. (b) Net Debt Leverage Ratio is substantially similar to Consolidated Leverage Ratio (as defined under the indenture governing the 9.375% Notes), except that when the Consolidated Leverage Ratio is measured at March 31 of any given year, the calculation includes a positive $200 million seasonality adjustment to cash and cash equivalents. Table 8 Non-GAAP Definitions Adjusted net income (loss) is defined by us as net income (loss) before mark-to-market interest rate swap adjustments, former parent legacy items, restructuring charges, the (gain) loss on the early extinguishment of debt, impairments, the tax effect of the foregoing adjustments and net income (loss) from discontinued operations. The gross amounts for these items as well as the adjustment for income taxes are presented. Operating EBITDA is defined by us as net income (loss) before depreciation and amortization, interest expense, net, income taxes, and other items that are not core to the operating activities of the Company such as restructuring charges, former parent legacy items, gains or losses on the early extinguishment of debt, impairments, gains or losses on discontinued operations and gains or losses on the sale of investments or other assets. Operating EBITDA is our primary non-GAAP measure. We present Operating EBITDA because we believe it is useful as a supplemental measure in evaluating the performance of our operating businesses and provides greater transparency into our results of operations. Our management, including our chief operating decision maker, uses Operating EBITDA as a factor in evaluating the performance of our business. Operating EBITDA should not be considered in isolation or as a substitute for net income or other statement of operations data prepared in accordance with GAAP. We believe Operating EBITDA facilitates company-to-company operating performance comparisons by backing out potential differences caused by variations in capital structures (affecting net interest expense), taxation, the age and book depreciation of facilities (affecting relative depreciation expense) and the amortization of intangibles, as well as other items that are not core to the operating activities of the Company such as restructuring charges, gains or losses on the early extinguishment of debt, former parent legacy items, impairments, gains or losses on discontinued operations and gains or losses on the sale of investments or other assets, which may vary for different companies for reasons unrelated to operating performance. We further believe that Operating EBITDA is frequently used by securities analysts, investors and other interested parties in their evaluation of companies, many of which present an Operating EBITDA measure when reporting their results. Operating EBITDA has limitations as an analytical tool, and you should not consider Operating EBITDA either in isolation or as a substitute for analyzing our results as reported under GAAP. Some of these limitations are: this measure does not reflect changes in, or cash required for, our working capital needs; this measure does not reflect our interest expense (except for interest related to our securitization obligations), or the cash requirements necessary to service interest or principal payments on our debt; this measure does not reflect our income tax expense or the cash requirements to pay our taxes; this measure does not reflect historical cash expenditures or future requirements for capital expenditures or contractual commitments; although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often require replacement in the future, and this measure does not reflect any cash requirements for such replacements; and other companies may calculate this measure differently so they may not be comparable. Operating EBITDA including discontinued operations includes Operating EBITDA, as defined above plus the Operating EBITDA contribution from discontinued operations on the same basis. Free Cash Flow is defined as net income (loss) attributable to Realogy before income tax expense (benefit), net of payments, interest expense, net, cash interest payments, depreciation and amortization, capital expenditures, restructuring costs and former parent legacy costs (benefits), net of payments, impairments, (gain) loss on the early extinguishment of debt and working capitaladjustments. Free Cash Flow including discontinued operations includes Free Cash Flow, as defined above plus the Free Cash Flow contribution from discontinued operations on the same basis. We use Free Cash Flow in our internal evaluation of operating effectiveness and decisions regarding the allocation of resources, as well as measuring the Company's ability to generate cash. Since Free Cash Flow can be viewed as both a performance measure and a cash flow measure, the Company has provided a reconciliation to both net income attributable to Realogy Holdings and net cash provided by operating activities. Free Cash Flow is not defined by GAAP and should not be considered in isolation or as an alternative to net income (loss), net cash provided by (used in) operating, investing and financing activities or other financial data prepared in accordance with GAAP or as an indicator of the Company's operating performance or liquidity. Free Cash Flow may differ from similarly titled measures presented by other companies. We present Operating EBITDA including discontinued operations and Free Cash Flow including discontinued operations to facilitate period over period results, however, these non-GAAP terms are subject to the same limitations noted above for Operating EBITDA and Free Cash Flow and, in addition, include the add-back of earnings and cash from discontinued operations, which is not indicative of the results of our continuing operations. SOURCE Realogy Holdings Corp. Related Links http://www.realogy.com

edtsum989

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 15, 2021 /PRNewswire/ --"I wanted to create a quick and easy way to apply a vehicle cover for protection against rain, bright sunlight, dirt and debris," said an inventor, from Topeka, Kan., "so I invented the AUTO PROTECTION PACKAGE. My design eliminates the need to struggle with unfolding and securing a conventional car cover." The invention provides an effective way to cover and protect a parked vehicle. In doing so, it offers an alternative to traditional car covers. As a result, it saves time and effort and it provides added protection. The invention features a secure design that is easy to apply and remove so it is ideal for vehicle owners. Additionally, it is producible in design variations. The original design was submitted to the Kansas City sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 19-KSC-1539, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com. SOURCE InventHelp Related Links http://www.inventhelp.com Answer:

InventHelp Inventor Develops Improved Way to Cover & Protect a Vehicle (KSC-1539)

PITTSBURGH, March 15, 2021 /PRNewswire/ --"I wanted to create a quick and easy way to apply a vehicle cover for protection against rain, bright sunlight, dirt and debris," said an inventor, from Topeka, Kan., "so I invented the AUTO PROTECTION PACKAGE. My design eliminates the need to struggle with unfolding and securing a conventional car cover." The invention provides an effective way to cover and protect a parked vehicle. In doing so, it offers an alternative to traditional car covers. As a result, it saves time and effort and it provides added protection. The invention features a secure design that is easy to apply and remove so it is ideal for vehicle owners. Additionally, it is producible in design variations. The original design was submitted to the Kansas City sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 19-KSC-1539, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com. SOURCE InventHelp Related Links http://www.inventhelp.com

edtsum992

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: PLEASANTON, Calif.--(BUSINESS WIRE)--Veeva Systems Inc. (NYSE: VEEV), a leading provider of industry cloud solutions for the global life sciences industry, today announced results for its fiscal third quarter ended October 31, 2020. Our customers are delivering innovations that will have positive, lasting impacts on human health, said CEO Peter Gassner. We are proud to work with these amazing companies, providing solutions that streamline drug development and enable them to support healthcare providers on the front lines. Fiscal 2021 Third Quarter Results: I am very pleased with our financial outperformance in the quarter, which was a direct result of our strong vision and focused execution, said CFO Brent Bowman. As we look to the opportunities ahead, we plan to continue investing aggressively to hit our 2025 targets and drive a long runway of growth beyond. Recent Highlights: Financial Outlook: Veeva is providing guidance for its fiscal fourth quarter ending January 31, 2021 as follows: Veeva is providing guidance for its fiscal year ending January 31, 2021 as follows: Veeva is providing guidance for its fiscal year ending January 31, 2022 as follows: Conference Call Information What: Veeva's Fiscal 2021 Third Quarter Results Conference Call When: Tuesday, December 1, 2020 Time: 1:30 p.m. PT (4:30 p.m. ET) Online Registration: www.directeventreg.com Conference ID 3283186 Webcast: ir.veeva.com Investor Presentation Details An investor presentation providing additional information and analysis can be found at ir.veeva.com. ___________ (1) This press release uses non-GAAP financial metrics that are adjusted for the impact of various GAAP items. See the section titled Non-GAAP Financial Measures and the tables entitled Reconciliation of GAAP to Non-GAAP Financial Measures below for details. (2) Veeva is not able, at this time, to provide GAAP targets for operating income and fully diluted net income per share for the fourth fiscal quarter ending January 31, 2021 or fiscal year ending January 31, 2021 because of the difficulty of estimating certain items excluded from non-GAAP operating income and non-GAAP fully diluted net income per share that cannot be reasonably predicted, such as charges related to stock-based compensation expense. The effect of these excluded items may be significant. (3) Veeva is not able, at this time, to provide GAAP targets for operating margin for the fiscal year ending January 31, 2022 because of the difficulty of estimating certain items excluded from non-GAAP operating income that cannot be reasonably predicted, such as charges related to stock-based compensation expense. The effect of these excluded items may be significant. About Veeva Systems Veeva Systems Inc. is the leader in cloud-based software for the global life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 950 customers, ranging from the worlds largest pharmaceutical companies to emerging biotechs. Veeva is headquartered in the San Francisco Bay Area, with offices throughout North America, Europe, Asia, and Latin America. For more information, visit veeva.com. Veeva uses its ir.veeva.com website as a means of disclosing material non-public information, announcing upcoming investor conferences, and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website in addition to following our press releases, SEC filings, and public conference calls and webcasts. Forward-looking Statements This release contains forward-looking statements, including the quotations from management, the statements in Financial Outlook, and other statements regarding Veevas future performance, outlook, and guidance and the assumptions underlying those statements, market growth, the benefits from the use of Veevas solutions, our strategies, and general business conditions. Any forward-looking statements contained in this press release are based upon Veevas historical performance and its current plans, estimates, and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent Veevas expectations as of the date of this press announcement. Subsequent events may cause these expectations to change, and Veeva disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially, including (i) the impact of the COVID-19 pandemic (including the impact to the life sciences industry, impact on general economic conditions, and government responses, restrictions, and actions related to the pandemic); (ii) breaches in our security measures or unauthorized access to our customers data; (iii) our expectation that the future growth rate of our revenues will decline; (iv) competitive factors, including but not limited to pricing pressures, consolidation among our competitors, entry of new competitors, the launch of new products and marketing initiatives by our existing competitors, and difficulty securing rights to access, host or integrate with complementary third party products or data used by our customers; (v) the rate of adoption of our newer solutions and the results of our efforts to sustain or expand the use and adoption of our more established applications, like Veeva CRM; (vi) fluctuation of our results, which may make period-to-period comparisons less meaningful; (vii) our ability to integrate Crossix Solutions Inc. and Physicians World, LLC into our business and achieve the expected benefits of the acquisitions, including as a result of the impact of the COVID-19 pandemic on these businesses; (viii) loss of one or more customers, particularly any of our large customers; (ix) system unavailability, system performance problems, or loss of data due to disruptions or other problems with our computing infrastructure; (x) our ability to attract and retain highly skilled employees and manage our growth effectively; (xi) failure to sustain the level of profitability we have achieved in the past as our costs increase; (xii) adverse changes in the life sciences industry, including as a result of customer mergers; (xiii) adverse changes in economic, regulatory, international trade relations, or market conditions, including with respect to natural disasters or actual or threatened public health emergencies; (xiv) a decline in new subscriptions that may not be immediately reflected in our operating results due to the ratable recognition of our subscription revenue; (xv) pending, threatened, or future legal proceedings and related expenses; and (xvi) our potential conversion to a Delaware public benefit corporation, including the expected impact, benefits, and risks of such a conversion. Additional risks and uncertainties that could affect Veevas financial results are included under the captions Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations in the companys filing on Form 10-Q for the period ended July 31, 2020. This is available on the companys website at veeva.com under the Investors section and on the SECs website at sec.gov. Further information on potential risks that could affect actual results will be included in other filings Veeva makes with the SEC from time to time. VEEVA SYSTEMS INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) October 31, 2020 January 31, 2020 Assets Current assets: Cash and cash equivalents $ 634,265 $ 476,733 Short-term investments 956,167 610,015 Accounts receivable, net 183,435 389,690 Unbilled accounts receivable 53,235 32,817 Prepaid expenses and other current assets 25,895 21,869 Total current assets 1,852,997 1,531,124 Property and equipment, net 54,352 54,752 Deferred costs, net 35,472 35,585 Lease right-of-use assets 52,824 49,132 Goodwill 436,029 438,529 Intangible assets, net 119,165 134,601 Deferred income taxes, noncurrent 15,689 11,870 Other long-term assets 17,113 16,184 Total assets $ 2,583,641 $ 2,271,777 Liabilities and stockholders equity Current liabilities: Accounts payable $ 21,324 $ 19,420 Accrued compensation and benefits 28,906 25,619 Accrued expenses and other current liabilities 22,391 21,620 Income tax payable 2,555 5,613 Deferred revenue 331,166 468,887 Lease liabilities 11,050 10,013 Total current liabilities 417,392 551,172 Deferred income taxes, noncurrent 1,004 2,417 Lease liabilities, noncurrent 47,965 44,815 Other long-term liabilities 10,901 7,779 Total liabilities 477,262 606,183 Stockholders equity: Class A common stock 2 1 Class B common stock Additional paid-in capital 906,137 745,475 Accumulated other comprehensive income 3,502 460 Retained earnings 1,196,738 919,658 Total stockholders equity 2,106,379 1,665,594 Total liabilities and stockholders equity $ 2,583,641 $ 2,271,777 VEEVA SYSTEMS INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In thousands, except per share data) (Unaudited) Three months ended October 31, Nine months ended October 31, 2020 2019 2020 2019 Revenues: Subscription services(4) $ 302,938 $ 226,760 $ 856,675 $ 642,187 Professional services and other(5) 74,581 54,161 211,633 150,386 Total revenues 377,519 280,921 1,068,308 792,573 Cost of revenues(3): Cost of subscription services 45,845 31,964 132,457 93,822 Cost of professional services and other 57,152 41,365 162,624 115,228 Total cost of revenues 102,997 73,329 295,081 209,050 Gross profit 274,522 207,592 773,227 583,523 Operating expenses(3): Research and development 79,992 52,575 212,282 148,694 Sales and marketing 57,982 45,524 172,909 130,962 General and administrative 35,243 28,693 109,085 78,042 Total operating expenses 173,217 126,792 494,276 357,698 Operating income 101,305 80,800 278,951 225,825 Other income, net 3,455 9,141 9,750 22,634 Income before income taxes 104,760 89,941 288,701 248,459 Provision for income taxes 7,801 7,696 11,621 13,523 Net income $ 96,959 $ 82,245 $ 277,080 $ 234,936 Net income per share: Basic $ 0.64 $ 0.56 $ 1.84 $ 1.59 Diluted $ 0.60 $ 0.52 $ 1.73 $ 1.49 Weighted-average shares used to compute net income per share: Basic 150,993 148,157 150,322 147,467 Diluted 161,711 158,750 160,517 158,124 Other comprehensive income: Net change in unrealized gains on available-for-sale investments $ (1,230 ) $ 753 $ 1,198 $ 2,176 Net change in cumulative foreign currency translation loss (1,438 ) (487 ) 1,844 (2,931 ) Comprehensive income $ 94,291 $ 82,511 $ 280,122 $ 234,181 (3) Includes stock-based compensation as follows: Cost of revenues: Cost of subscription services $ 1,149 $ 560 $ 3,700 $ 1,528 Cost of professional services and other 7,510 4,825 19,902 12,261 Research and development 17,685 9,899 45,523 25,732 Sales and marketing 10,711 6,882 30,089 19,207 General and administrative 11,918 7,155 36,032 19,719 Total stock-based compensation $ 48,973 $ 29,321 $ 135,246 $ 78,447 (4) Includes subscription services revenues from the following product areas: Veeva Commercial Cloud $ 152,466 $ 115,201 $ 439,858 $ 333,591 Veeva Vault 150,472 111,559 416,817 308,596 Total subscription services $ 302,938 $ 226,760 $ 856,675 $ 642,187 (5) Includes professional services and other revenues from the following product areas: Veeva Commercial Cloud $ 29,115 $ 18,589 $ 83,109 $ 52,381 Veeva Vault 45,466 35,572 128,524 98,005 Total professional services and other $ 74,581 $ 54,161 $ 211,633 $ 150,386 VEEVA SYSTEMS INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) Three months ended October 31, Nine months ended October 31, 2020 2019 2020 2019 Cash flows from operating activities Net income $ 96,959 $ 82,245 $ 277,080 $ 234,936 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 7,525 3,845 22,720 11,626 Reduction of operating lease right-of-use assets 3,322 1,798 9,411 5,016 Accretion of discount on short-term investments 1,203 (722 ) 1,688 (2,996 ) Stock-based compensation 48,973 29,321 135,246 78,447 Amortization of deferred costs 5,350 4,832 15,425 14,524 Deferred income taxes (1,894 ) 432 (3,532 ) 1,771 Loss (Gain) on foreign currency from mark-to-market derivative 19 (74 ) 14 (112 ) Bad debt (expense) recovery (181 ) 270 (60 ) (42 ) Changes in operating assets and liabilities: Accounts receivable 37,448 28,319 206,214 186,633 Unbilled accounts receivable (16,585 ) (9,515 ) (20,418 ) (12,777 ) Deferred costs (6,177 ) (4,500 ) (15,312 ) (13,528 ) Income taxes payable 4,538 3,909 (453 ) 4,858 Other current and long-term assets 8,195 5,610 (2,937 ) 1,513 Accounts payable 3,060 1,253 (456 ) 1,216 Accrued expenses and other current liabilities 1,541 (1,682 ) 4,357 231 Deferred revenue (90,291 ) (78,326 ) (137,980 ) (105,637 ) Operating lease liabilities (3,229 ) (1,625 ) (8,496 ) (5,143 ) Other long-term liabilities (4,373 ) (3,886 ) 384 (2,270 ) Net cash provided by operating activities 95,403 61,504 482,895 398,266 Cash flows from investing activities Purchases of short-term investments (417,898 ) (190,695 ) (874,465 ) (628,784 ) Maturities and sales of short-term investments 158,628 194,661 528,194 571,398 Long-term assets (3,316 ) (1,237 ) (8,456 ) (4,228 ) Net cash (used in) provided by investing activities (262,586 ) 2,729 (354,727 ) (61,614 ) Cash flows from financing activities Reduction of lease liabilities - finance leases 79 (241 ) (420 ) (729 ) Proceeds from exercise of common stock options 6,186 1,607 25,245 8,618 Net cash provided by financing activities 6,265 1,366 24,825 7,889 Effect of exchange rate changes on cash, cash equivalents, and restricted cash (599 ) (487 ) 2,683 (2,931 ) Net change in cash, cash equivalents, and restricted cash (161,517 ) 65,112 155,676 341,610 Cash, cash equivalents, and restricted cash at beginning of period 796,990 828,676 479,797 552,178 Cash, cash equivalents, and restricted cash at end of period $ 635,473 $ 893,788 $ 635,473 $ 893,788 Supplemental disclosures of other cash flow information: Excess tax benefits from employee stock plans $ 17,329 $ 8,931 $ 59,067 $ 39,509 Non-GAAP Financial Measures In Veevas public disclosures, Veeva has provided non-GAAP measures, which it defines as financial information that has not been prepared in accordance with generally accepted accounting principles in the United States, or GAAP. In addition to its GAAP measures, Veeva uses these non-GAAP financial measures internally for budgeting and resource allocation purposes and in analyzing its financial results. For the reasons set forth below, Veeva believes that excluding the following items provides information that is helpful in understanding its operating results, evaluating its future prospects, comparing its financial results across accounting periods, and comparing its financial results to its peers, many of which provide similar non-GAAP financial measures. There are limitations to using non-GAAP financial measures because non-GAAP financial measures are not prepared in accordance with GAAP and may be different from non-GAAP financial measures provided by other companies. The non-GAAP financial measures are limited in value because they exclude certain items that may have a material impact upon our reported financial results. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by Veevas management about which items are adjusted to calculate its non-GAAP financial measures. Veeva compensates for these limitations by analyzing current and future results on a GAAP basis as well as a non-GAAP basis and also by providing GAAP measures in its public disclosures. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Veeva encourages its investors and others to review its financial information in its entirety, not to rely on any single financial measure to evaluate its business, and to view its non-GAAP financial measures in conjunction with the most directly comparable GAAP financial measures. A reconciliation of GAAP to the non-GAAP financial measures has been provided in the tables below. VEEVA SYSTEMS INC. RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (Dollars in thousands) (Unaudited) The following tables reconcile the specific items excluded from GAAP metrics in the calculation of non-GAAP metrics for the periods shown below: Three months ended October 31, Nine months ended October 31, 2020 2019 2020 2019 Cost of subscription services revenues on a GAAP basis $ 45,845 $ 31,964 $ 132,457 $ 93,822 Stock-based compensation expense (1,149 ) (560 ) (3,700 ) (1,528 ) Amortization of purchased intangibles (1,174 ) (688 ) (3,942 ) (2,043 ) Cost of subscription services revenues on a non-GAAP basis $ 43,522 $ 30,716 $ 124,815 $ 90,251 Gross margin on subscription services revenues on a GAAP basis 84.9 % 85.9 % 84.5 % 85.4 % Stock-based compensation expense 0.4 0.2 0.4 0.2 Amortization of purchased intangibles 0.4 0.4 0.5 0.3 Gross margin on subscription services revenues on a non-GAAP basis 85.7 % 86.5 % 85.4 % 85.9 % Cost of professional services and other revenues on a GAAP basis $ 57,152 $ 41,365 $ 162,624 $ 115,228 Stock-based compensation expense (7,510 ) (4,825 ) (19,902 ) (12,261 ) Amortization of purchased intangibles (138 ) (411 ) Cost of professional services and other revenues on a non-GAAP basis $ 49,504 $ 36,540 $ 142,311 $ 102,967 Gross margin on professional services and other revenues on a GAAP basis 23.4 % 23.6 % 23.2 % 23.4 % Stock-based compensation expense 10.1 8.9 9.4 8.2 Amortization of purchased intangibles 0.2 0.2 Gross margin on professional services and other revenues on a non-GAAP basis 33.7 % 32.5 % 32.8 % 31.6 % Gross profit on a GAAP basis $ 274,522 $ 207,592 $ 773,227 $ 583,523 Stock-based compensation expense 8,659 5,385 23,602 13,789 Amortization of purchased intangibles 1,312 688 4,353 2,043 Gross profit on a non-GAAP basis $ 284,493 $ 213,665 $ 801,182 $ 599,355 Gross margin on total revenues on a GAAP basis 72.7 % 73.9 % 72.4 % 73.6 % Stock-based compensation expense 2.3 1.9 2.2 1.7 Amortization of purchased intangibles 0.3 0.3 0.3 0.3 Gross margin on total revenues on a non-GAAP basis 75.3 % 76.1 % 74.9 % 75.6 % Research and development expense on a GAAP basis $ 79,992 $ 52,575 $ 212,282 $ 148,694 Stock-based compensation expense (17,685 ) (9,899 ) (45,523 ) (25,732 ) Amortization of purchased intangibles (29 ) (86 ) Research and development expense on a non-GAAP basis $ 62,278 $ 42,676 $ 166,673 $ 122,962 Sales and marketing expense on a GAAP basis $ 57,982 $ 45,524 $ 172,909 $ 130,962 Stock-based compensation expense (10,711 ) (6,882 ) (30,089 ) (19,207 ) Amortization of purchased intangibles (3,858 ) (802 ) (10,828 ) (2,530 ) Sales and marketing expense on a non-GAAP basis $ 43,413 $ 37,840 $ 131,992 $ 109,225 General and administrative expense on a GAAP basis $ 35,243 $ 28,693 $ 109,085 $ 78,042 Stock-based compensation expense (11,918 ) (7,155 ) (36,032 ) (19,719 ) Amortization of purchased intangibles (57 ) (170 ) General and administrative expense on a non-GAAP basis $ 23,268 $ 21,538 $ 72,883 $ 58,323 VEEVA SYSTEMS INC. RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (continued) (Dollars in thousands, except per share data) (Unaudited) Three months ended October 31, Nine months ended October 31, 2020 2019 2020 2019 Operating expense on a GAAP basis $ 173,217 $ 126,792 $ 494,276 $ 357,698 Stock-based compensation expense (40,314 ) (23,936 ) (111,644 ) (64,658 ) Amortization of purchased intangibles (3,944 ) (802 ) (11,084 ) (2,530 ) Operating expense on a non-GAAP basis $ 128,959 $ 102,054 $ 371,548 $ 290,510 Operating income on a GAAP basis $ 101,305 $ 80,800 $ 278,951 $ 225,825 Stock-based compensation expense 48,973 29,321 135,246 78,447 Amortization of purchased intangibles 5,256 1,490 15,437 4,573 Operating income on a non-GAAP basis $ 155,534 $ 111,611 $ 429,634 $ 308,845 Operating margin on a GAAP basis 26.8 % 28.8 % 26.1 % 28.5 % Stock-based compensation expense 13.0 10.4 12.7 9.9 Amortization of purchased intangibles 1.4 0.5 1.4 0.6 Operating margin on a non-GAAP basis 41.2 % 39.7 % 40.2 % 39.0 % Net income on a GAAP basis $ 96,959 $ 82,245 $ 277,080 $ 234,936 Stock-based compensation expense 48,973 29,321 135,246 78,447 Amortization of purchased intangibles 5,256 1,490 15,437 4,573 Income tax effect on non-GAAP adjustments(1) (25,587 ) (17,662 ) (80,650 ) (56,088 ) Net income on a non-GAAP basis $ 125,601 $ 95,394 $ 347,113 $ 261,868 Diluted net income per share on a GAAP basis $ 0.60 $ 0.52 $ 1.73 $ 1.49 Stock-based compensation expense 0.30 0.18 0.84 0.50 Amortization of purchased intangibles 0.03 0.01 0.10 0.02 Income tax effect on non-GAAP adjustments(1) (0.15 ) (0.11 ) (0.51 ) (0.35 ) Diluted net income per share on a non-GAAP basis $ 0.78 $ 0.60 $ 2.16 $ 1.66 ________________________ (1) For the three and nine months ended October 31, 2020 and 2019, management used an estimated annual effective non-GAAP tax rate of 21.0%. Answer:

Veeva Announces Fiscal 2021 Third Quarter Results Total Revenues of $377.5 million, up 34% Year-over-year; Subscription Services Revenues of $302.9 million, up 34% Year-over-year

PLEASANTON, Calif.--(BUSINESS WIRE)--Veeva Systems Inc. (NYSE: VEEV), a leading provider of industry cloud solutions for the global life sciences industry, today announced results for its fiscal third quarter ended October 31, 2020. Our customers are delivering innovations that will have positive, lasting impacts on human health, said CEO Peter Gassner. We are proud to work with these amazing companies, providing solutions that streamline drug development and enable them to support healthcare providers on the front lines. Fiscal 2021 Third Quarter Results: I am very pleased with our financial outperformance in the quarter, which was a direct result of our strong vision and focused execution, said CFO Brent Bowman. As we look to the opportunities ahead, we plan to continue investing aggressively to hit our 2025 targets and drive a long runway of growth beyond. Recent Highlights: Financial Outlook: Veeva is providing guidance for its fiscal fourth quarter ending January 31, 2021 as follows: Veeva is providing guidance for its fiscal year ending January 31, 2021 as follows: Veeva is providing guidance for its fiscal year ending January 31, 2022 as follows: Conference Call Information What: Veeva's Fiscal 2021 Third Quarter Results Conference Call When: Tuesday, December 1, 2020 Time: 1:30 p.m. PT (4:30 p.m. ET) Online Registration: www.directeventreg.com Conference ID 3283186 Webcast: ir.veeva.com Investor Presentation Details An investor presentation providing additional information and analysis can be found at ir.veeva.com. ___________ (1) This press release uses non-GAAP financial metrics that are adjusted for the impact of various GAAP items. See the section titled Non-GAAP Financial Measures and the tables entitled Reconciliation of GAAP to Non-GAAP Financial Measures below for details. (2) Veeva is not able, at this time, to provide GAAP targets for operating income and fully diluted net income per share for the fourth fiscal quarter ending January 31, 2021 or fiscal year ending January 31, 2021 because of the difficulty of estimating certain items excluded from non-GAAP operating income and non-GAAP fully diluted net income per share that cannot be reasonably predicted, such as charges related to stock-based compensation expense. The effect of these excluded items may be significant. (3) Veeva is not able, at this time, to provide GAAP targets for operating margin for the fiscal year ending January 31, 2022 because of the difficulty of estimating certain items excluded from non-GAAP operating income that cannot be reasonably predicted, such as charges related to stock-based compensation expense. The effect of these excluded items may be significant. About Veeva Systems Veeva Systems Inc. is the leader in cloud-based software for the global life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 950 customers, ranging from the worlds largest pharmaceutical companies to emerging biotechs. Veeva is headquartered in the San Francisco Bay Area, with offices throughout North America, Europe, Asia, and Latin America. For more information, visit veeva.com. Veeva uses its ir.veeva.com website as a means of disclosing material non-public information, announcing upcoming investor conferences, and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website in addition to following our press releases, SEC filings, and public conference calls and webcasts. Forward-looking Statements This release contains forward-looking statements, including the quotations from management, the statements in Financial Outlook, and other statements regarding Veevas future performance, outlook, and guidance and the assumptions underlying those statements, market growth, the benefits from the use of Veevas solutions, our strategies, and general business conditions. Any forward-looking statements contained in this press release are based upon Veevas historical performance and its current plans, estimates, and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent Veevas expectations as of the date of this press announcement. Subsequent events may cause these expectations to change, and Veeva disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially, including (i) the impact of the COVID-19 pandemic (including the impact to the life sciences industry, impact on general economic conditions, and government responses, restrictions, and actions related to the pandemic); (ii) breaches in our security measures or unauthorized access to our customers data; (iii) our expectation that the future growth rate of our revenues will decline; (iv) competitive factors, including but not limited to pricing pressures, consolidation among our competitors, entry of new competitors, the launch of new products and marketing initiatives by our existing competitors, and difficulty securing rights to access, host or integrate with complementary third party products or data used by our customers; (v) the rate of adoption of our newer solutions and the results of our efforts to sustain or expand the use and adoption of our more established applications, like Veeva CRM; (vi) fluctuation of our results, which may make period-to-period comparisons less meaningful; (vii) our ability to integrate Crossix Solutions Inc. and Physicians World, LLC into our business and achieve the expected benefits of the acquisitions, including as a result of the impact of the COVID-19 pandemic on these businesses; (viii) loss of one or more customers, particularly any of our large customers; (ix) system unavailability, system performance problems, or loss of data due to disruptions or other problems with our computing infrastructure; (x) our ability to attract and retain highly skilled employees and manage our growth effectively; (xi) failure to sustain the level of profitability we have achieved in the past as our costs increase; (xii) adverse changes in the life sciences industry, including as a result of customer mergers; (xiii) adverse changes in economic, regulatory, international trade relations, or market conditions, including with respect to natural disasters or actual or threatened public health emergencies; (xiv) a decline in new subscriptions that may not be immediately reflected in our operating results due to the ratable recognition of our subscription revenue; (xv) pending, threatened, or future legal proceedings and related expenses; and (xvi) our potential conversion to a Delaware public benefit corporation, including the expected impact, benefits, and risks of such a conversion. Additional risks and uncertainties that could affect Veevas financial results are included under the captions Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations in the companys filing on Form 10-Q for the period ended July 31, 2020. This is available on the companys website at veeva.com under the Investors section and on the SECs website at sec.gov. Further information on potential risks that could affect actual results will be included in other filings Veeva makes with the SEC from time to time. VEEVA SYSTEMS INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) October 31, 2020 January 31, 2020 Assets Current assets: Cash and cash equivalents $ 634,265 $ 476,733 Short-term investments 956,167 610,015 Accounts receivable, net 183,435 389,690 Unbilled accounts receivable 53,235 32,817 Prepaid expenses and other current assets 25,895 21,869 Total current assets 1,852,997 1,531,124 Property and equipment, net 54,352 54,752 Deferred costs, net 35,472 35,585 Lease right-of-use assets 52,824 49,132 Goodwill 436,029 438,529 Intangible assets, net 119,165 134,601 Deferred income taxes, noncurrent 15,689 11,870 Other long-term assets 17,113 16,184 Total assets $ 2,583,641 $ 2,271,777 Liabilities and stockholders equity Current liabilities: Accounts payable $ 21,324 $ 19,420 Accrued compensation and benefits 28,906 25,619 Accrued expenses and other current liabilities 22,391 21,620 Income tax payable 2,555 5,613 Deferred revenue 331,166 468,887 Lease liabilities 11,050 10,013 Total current liabilities 417,392 551,172 Deferred income taxes, noncurrent 1,004 2,417 Lease liabilities, noncurrent 47,965 44,815 Other long-term liabilities 10,901 7,779 Total liabilities 477,262 606,183 Stockholders equity: Class A common stock 2 1 Class B common stock Additional paid-in capital 906,137 745,475 Accumulated other comprehensive income 3,502 460 Retained earnings 1,196,738 919,658 Total stockholders equity 2,106,379 1,665,594 Total liabilities and stockholders equity $ 2,583,641 $ 2,271,777 VEEVA SYSTEMS INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In thousands, except per share data) (Unaudited) Three months ended October 31, Nine months ended October 31, 2020 2019 2020 2019 Revenues: Subscription services(4) $ 302,938 $ 226,760 $ 856,675 $ 642,187 Professional services and other(5) 74,581 54,161 211,633 150,386 Total revenues 377,519 280,921 1,068,308 792,573 Cost of revenues(3): Cost of subscription services 45,845 31,964 132,457 93,822 Cost of professional services and other 57,152 41,365 162,624 115,228 Total cost of revenues 102,997 73,329 295,081 209,050 Gross profit 274,522 207,592 773,227 583,523 Operating expenses(3): Research and development 79,992 52,575 212,282 148,694 Sales and marketing 57,982 45,524 172,909 130,962 General and administrative 35,243 28,693 109,085 78,042 Total operating expenses 173,217 126,792 494,276 357,698 Operating income 101,305 80,800 278,951 225,825 Other income, net 3,455 9,141 9,750 22,634 Income before income taxes 104,760 89,941 288,701 248,459 Provision for income taxes 7,801 7,696 11,621 13,523 Net income $ 96,959 $ 82,245 $ 277,080 $ 234,936 Net income per share: Basic $ 0.64 $ 0.56 $ 1.84 $ 1.59 Diluted $ 0.60 $ 0.52 $ 1.73 $ 1.49 Weighted-average shares used to compute net income per share: Basic 150,993 148,157 150,322 147,467 Diluted 161,711 158,750 160,517 158,124 Other comprehensive income: Net change in unrealized gains on available-for-sale investments $ (1,230 ) $ 753 $ 1,198 $ 2,176 Net change in cumulative foreign currency translation loss (1,438 ) (487 ) 1,844 (2,931 ) Comprehensive income $ 94,291 $ 82,511 $ 280,122 $ 234,181 (3) Includes stock-based compensation as follows: Cost of revenues: Cost of subscription services $ 1,149 $ 560 $ 3,700 $ 1,528 Cost of professional services and other 7,510 4,825 19,902 12,261 Research and development 17,685 9,899 45,523 25,732 Sales and marketing 10,711 6,882 30,089 19,207 General and administrative 11,918 7,155 36,032 19,719 Total stock-based compensation $ 48,973 $ 29,321 $ 135,246 $ 78,447 (4) Includes subscription services revenues from the following product areas: Veeva Commercial Cloud $ 152,466 $ 115,201 $ 439,858 $ 333,591 Veeva Vault 150,472 111,559 416,817 308,596 Total subscription services $ 302,938 $ 226,760 $ 856,675 $ 642,187 (5) Includes professional services and other revenues from the following product areas: Veeva Commercial Cloud $ 29,115 $ 18,589 $ 83,109 $ 52,381 Veeva Vault 45,466 35,572 128,524 98,005 Total professional services and other $ 74,581 $ 54,161 $ 211,633 $ 150,386 VEEVA SYSTEMS INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) Three months ended October 31, Nine months ended October 31, 2020 2019 2020 2019 Cash flows from operating activities Net income $ 96,959 $ 82,245 $ 277,080 $ 234,936 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 7,525 3,845 22,720 11,626 Reduction of operating lease right-of-use assets 3,322 1,798 9,411 5,016 Accretion of discount on short-term investments 1,203 (722 ) 1,688 (2,996 ) Stock-based compensation 48,973 29,321 135,246 78,447 Amortization of deferred costs 5,350 4,832 15,425 14,524 Deferred income taxes (1,894 ) 432 (3,532 ) 1,771 Loss (Gain) on foreign currency from mark-to-market derivative 19 (74 ) 14 (112 ) Bad debt (expense) recovery (181 ) 270 (60 ) (42 ) Changes in operating assets and liabilities: Accounts receivable 37,448 28,319 206,214 186,633 Unbilled accounts receivable (16,585 ) (9,515 ) (20,418 ) (12,777 ) Deferred costs (6,177 ) (4,500 ) (15,312 ) (13,528 ) Income taxes payable 4,538 3,909 (453 ) 4,858 Other current and long-term assets 8,195 5,610 (2,937 ) 1,513 Accounts payable 3,060 1,253 (456 ) 1,216 Accrued expenses and other current liabilities 1,541 (1,682 ) 4,357 231 Deferred revenue (90,291 ) (78,326 ) (137,980 ) (105,637 ) Operating lease liabilities (3,229 ) (1,625 ) (8,496 ) (5,143 ) Other long-term liabilities (4,373 ) (3,886 ) 384 (2,270 ) Net cash provided by operating activities 95,403 61,504 482,895 398,266 Cash flows from investing activities Purchases of short-term investments (417,898 ) (190,695 ) (874,465 ) (628,784 ) Maturities and sales of short-term investments 158,628 194,661 528,194 571,398 Long-term assets (3,316 ) (1,237 ) (8,456 ) (4,228 ) Net cash (used in) provided by investing activities (262,586 ) 2,729 (354,727 ) (61,614 ) Cash flows from financing activities Reduction of lease liabilities - finance leases 79 (241 ) (420 ) (729 ) Proceeds from exercise of common stock options 6,186 1,607 25,245 8,618 Net cash provided by financing activities 6,265 1,366 24,825 7,889 Effect of exchange rate changes on cash, cash equivalents, and restricted cash (599 ) (487 ) 2,683 (2,931 ) Net change in cash, cash equivalents, and restricted cash (161,517 ) 65,112 155,676 341,610 Cash, cash equivalents, and restricted cash at beginning of period 796,990 828,676 479,797 552,178 Cash, cash equivalents, and restricted cash at end of period $ 635,473 $ 893,788 $ 635,473 $ 893,788 Supplemental disclosures of other cash flow information: Excess tax benefits from employee stock plans $ 17,329 $ 8,931 $ 59,067 $ 39,509 Non-GAAP Financial Measures In Veevas public disclosures, Veeva has provided non-GAAP measures, which it defines as financial information that has not been prepared in accordance with generally accepted accounting principles in the United States, or GAAP. In addition to its GAAP measures, Veeva uses these non-GAAP financial measures internally for budgeting and resource allocation purposes and in analyzing its financial results. For the reasons set forth below, Veeva believes that excluding the following items provides information that is helpful in understanding its operating results, evaluating its future prospects, comparing its financial results across accounting periods, and comparing its financial results to its peers, many of which provide similar non-GAAP financial measures. There are limitations to using non-GAAP financial measures because non-GAAP financial measures are not prepared in accordance with GAAP and may be different from non-GAAP financial measures provided by other companies. The non-GAAP financial measures are limited in value because they exclude certain items that may have a material impact upon our reported financial results. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by Veevas management about which items are adjusted to calculate its non-GAAP financial measures. Veeva compensates for these limitations by analyzing current and future results on a GAAP basis as well as a non-GAAP basis and also by providing GAAP measures in its public disclosures. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Veeva encourages its investors and others to review its financial information in its entirety, not to rely on any single financial measure to evaluate its business, and to view its non-GAAP financial measures in conjunction with the most directly comparable GAAP financial measures. A reconciliation of GAAP to the non-GAAP financial measures has been provided in the tables below. VEEVA SYSTEMS INC. RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (Dollars in thousands) (Unaudited) The following tables reconcile the specific items excluded from GAAP metrics in the calculation of non-GAAP metrics for the periods shown below: Three months ended October 31, Nine months ended October 31, 2020 2019 2020 2019 Cost of subscription services revenues on a GAAP basis $ 45,845 $ 31,964 $ 132,457 $ 93,822 Stock-based compensation expense (1,149 ) (560 ) (3,700 ) (1,528 ) Amortization of purchased intangibles (1,174 ) (688 ) (3,942 ) (2,043 ) Cost of subscription services revenues on a non-GAAP basis $ 43,522 $ 30,716 $ 124,815 $ 90,251 Gross margin on subscription services revenues on a GAAP basis 84.9 % 85.9 % 84.5 % 85.4 % Stock-based compensation expense 0.4 0.2 0.4 0.2 Amortization of purchased intangibles 0.4 0.4 0.5 0.3 Gross margin on subscription services revenues on a non-GAAP basis 85.7 % 86.5 % 85.4 % 85.9 % Cost of professional services and other revenues on a GAAP basis $ 57,152 $ 41,365 $ 162,624 $ 115,228 Stock-based compensation expense (7,510 ) (4,825 ) (19,902 ) (12,261 ) Amortization of purchased intangibles (138 ) (411 ) Cost of professional services and other revenues on a non-GAAP basis $ 49,504 $ 36,540 $ 142,311 $ 102,967 Gross margin on professional services and other revenues on a GAAP basis 23.4 % 23.6 % 23.2 % 23.4 % Stock-based compensation expense 10.1 8.9 9.4 8.2 Amortization of purchased intangibles 0.2 0.2 Gross margin on professional services and other revenues on a non-GAAP basis 33.7 % 32.5 % 32.8 % 31.6 % Gross profit on a GAAP basis $ 274,522 $ 207,592 $ 773,227 $ 583,523 Stock-based compensation expense 8,659 5,385 23,602 13,789 Amortization of purchased intangibles 1,312 688 4,353 2,043 Gross profit on a non-GAAP basis $ 284,493 $ 213,665 $ 801,182 $ 599,355 Gross margin on total revenues on a GAAP basis 72.7 % 73.9 % 72.4 % 73.6 % Stock-based compensation expense 2.3 1.9 2.2 1.7 Amortization of purchased intangibles 0.3 0.3 0.3 0.3 Gross margin on total revenues on a non-GAAP basis 75.3 % 76.1 % 74.9 % 75.6 % Research and development expense on a GAAP basis $ 79,992 $ 52,575 $ 212,282 $ 148,694 Stock-based compensation expense (17,685 ) (9,899 ) (45,523 ) (25,732 ) Amortization of purchased intangibles (29 ) (86 ) Research and development expense on a non-GAAP basis $ 62,278 $ 42,676 $ 166,673 $ 122,962 Sales and marketing expense on a GAAP basis $ 57,982 $ 45,524 $ 172,909 $ 130,962 Stock-based compensation expense (10,711 ) (6,882 ) (30,089 ) (19,207 ) Amortization of purchased intangibles (3,858 ) (802 ) (10,828 ) (2,530 ) Sales and marketing expense on a non-GAAP basis $ 43,413 $ 37,840 $ 131,992 $ 109,225 General and administrative expense on a GAAP basis $ 35,243 $ 28,693 $ 109,085 $ 78,042 Stock-based compensation expense (11,918 ) (7,155 ) (36,032 ) (19,719 ) Amortization of purchased intangibles (57 ) (170 ) General and administrative expense on a non-GAAP basis $ 23,268 $ 21,538 $ 72,883 $ 58,323 VEEVA SYSTEMS INC. RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (continued) (Dollars in thousands, except per share data) (Unaudited) Three months ended October 31, Nine months ended October 31, 2020 2019 2020 2019 Operating expense on a GAAP basis $ 173,217 $ 126,792 $ 494,276 $ 357,698 Stock-based compensation expense (40,314 ) (23,936 ) (111,644 ) (64,658 ) Amortization of purchased intangibles (3,944 ) (802 ) (11,084 ) (2,530 ) Operating expense on a non-GAAP basis $ 128,959 $ 102,054 $ 371,548 $ 290,510 Operating income on a GAAP basis $ 101,305 $ 80,800 $ 278,951 $ 225,825 Stock-based compensation expense 48,973 29,321 135,246 78,447 Amortization of purchased intangibles 5,256 1,490 15,437 4,573 Operating income on a non-GAAP basis $ 155,534 $ 111,611 $ 429,634 $ 308,845 Operating margin on a GAAP basis 26.8 % 28.8 % 26.1 % 28.5 % Stock-based compensation expense 13.0 10.4 12.7 9.9 Amortization of purchased intangibles 1.4 0.5 1.4 0.6 Operating margin on a non-GAAP basis 41.2 % 39.7 % 40.2 % 39.0 % Net income on a GAAP basis $ 96,959 $ 82,245 $ 277,080 $ 234,936 Stock-based compensation expense 48,973 29,321 135,246 78,447 Amortization of purchased intangibles 5,256 1,490 15,437 4,573 Income tax effect on non-GAAP adjustments(1) (25,587 ) (17,662 ) (80,650 ) (56,088 ) Net income on a non-GAAP basis $ 125,601 $ 95,394 $ 347,113 $ 261,868 Diluted net income per share on a GAAP basis $ 0.60 $ 0.52 $ 1.73 $ 1.49 Stock-based compensation expense 0.30 0.18 0.84 0.50 Amortization of purchased intangibles 0.03 0.01 0.10 0.02 Income tax effect on non-GAAP adjustments(1) (0.15 ) (0.11 ) (0.51 ) (0.35 ) Diluted net income per share on a non-GAAP basis $ 0.78 $ 0.60 $ 2.16 $ 1.66 ________________________ (1) For the three and nine months ended October 31, 2020 and 2019, management used an estimated annual effective non-GAAP tax rate of 21.0%.

edtsum995

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: RICHMOND, BC, June 16, 2020 /PRNewswire/ -- Transoft Solutions Inc., developers of transportation engineering software, based in Richmond, BC, is set to broaden its business horizon with a newly established Transoft Solutions (U.S.), Inc. subsidiary. Transoft Solutions has demonstrated long-time success in supporting U.S. clients from its headquarters in Canada and will continue to provide excellent service to its U.S. customers, vendors, and partners. Transoft Solutions (U.S.) will allow the company to participate in new business opportunities, streamline administrative processes, and provide enhanced customer service. It is a strong testament of the firm's commitment to support the company's growth and business strategy. "Transoft Solutions has developed a variety of innovative software products for the transportation engineering community and has a large client base in the U.S.We see this as an essential step to increasing efficiencies and taking advantage of market opportunities," said Steven Cheng, COO of Transoft Solutions. About Transoft Solutions Transoft Solutions develops innovative and highly specialized software for aviation, civil infrastructure, and transportation professionals. Since 1991, Transoft has remained focused on safety-oriented solutions that enable transportation professionals to work effectively and confidently. Our portfolio of planning, simulation, modeling, and design solutions are used in over 150 countries serving more than 50,000 customers across local and federal agencies, consulting firms, airport authorities, and ports. We take pride in providing the highest quality of customer support from our headquarters in Canada, and through our 12 offices in Sweden, the United Kingdom, the Netherlands, Australia, Germany, India, Belgium, and China. For more information on Transoft's range of aviation, civil design, and vehicle simulation solutions, visittransoftsolutions.com. Media Contact:Jessie GillVP, Corporate Marketing604-244-8387 SOURCE Transoft Solutions Inc. Related Links http://www.transoftsolutions.com Answer:

Transoft Solutions Establishes US Subsidiary to Broaden Its Business Horizons

RICHMOND, BC, June 16, 2020 /PRNewswire/ -- Transoft Solutions Inc., developers of transportation engineering software, based in Richmond, BC, is set to broaden its business horizon with a newly established Transoft Solutions (U.S.), Inc. subsidiary. Transoft Solutions has demonstrated long-time success in supporting U.S. clients from its headquarters in Canada and will continue to provide excellent service to its U.S. customers, vendors, and partners. Transoft Solutions (U.S.) will allow the company to participate in new business opportunities, streamline administrative processes, and provide enhanced customer service. It is a strong testament of the firm's commitment to support the company's growth and business strategy. "Transoft Solutions has developed a variety of innovative software products for the transportation engineering community and has a large client base in the U.S.We see this as an essential step to increasing efficiencies and taking advantage of market opportunities," said Steven Cheng, COO of Transoft Solutions. About Transoft Solutions Transoft Solutions develops innovative and highly specialized software for aviation, civil infrastructure, and transportation professionals. Since 1991, Transoft has remained focused on safety-oriented solutions that enable transportation professionals to work effectively and confidently. Our portfolio of planning, simulation, modeling, and design solutions are used in over 150 countries serving more than 50,000 customers across local and federal agencies, consulting firms, airport authorities, and ports. We take pride in providing the highest quality of customer support from our headquarters in Canada, and through our 12 offices in Sweden, the United Kingdom, the Netherlands, Australia, Germany, India, Belgium, and China. For more information on Transoft's range of aviation, civil design, and vehicle simulation solutions, visittransoftsolutions.com. Media Contact:Jessie GillVP, Corporate Marketing604-244-8387 SOURCE Transoft Solutions Inc. Related Links http://www.transoftsolutions.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 and SUZHOU, China, April 12, 2021 /PRNewswire/ -- Innovent Biologics, Inc. ("Innovent", HKEX: 01801), a world-class biopharmaceutical company that develops, manufactures and commercializes high-quality medicines for the treatment of cancer, metabolic, autoimmune and other major diseases, announced with Eli Lilly and Company ("Lilly",NYSE: LLY) that the results of the Phase 3 ORIENT-3 study were released today in an oral presentation at the American Association for Cancer Research (AACR) Annual Meeting 2021. ORIENT-3 is a randomized, open-label, Phase 3 clinical trial evaluating TYVYT (sintilimab injection) versus docetaxel as a second-line treatment for advanced or metastatic squamous non-small cell lung cancer (sqNSCLC). A total of 290 patients whose cancer had progressed following first-line treatment with platinum-based chemotherapy were enrolled. Based on the primary analysis population (280 patients, excluding patients on the docetaxel arm who received immunotherapy prior to disease progression),TYVYT (sintilimab injection) demonstrated a statistically significant improvement in overall survival (OS) compared to docetaxel, meeting the pre-specified primary endpoint.The median OS was 11.79 months for patients on the TYVYT (sintilimab injection) arm and 8.25 months for those on the docetaxel arm (HR=0.74, 95% CI: 0.56-0.96, P=0.02489). The median progression-free survival (PFS) as assessed by investigators was 4.30 months versus 2.79 months (HR=0.52, 95% CI: 0.39-0.68, P<0.00001), and the confirmed objective response rate (ORR) was 25.5 percent versus 2.2 percent (P<0.00001), respectively. Safety was consistent with previous studies of TYVYT (sintilimab injection), and no new safety signals were identified. Professor Yuankai Shi, principal investigator of ORIENT-3, Associate Dean of Cancer Hospital, Chinese Academy of Medical Sciences and Chairman of Cancer Foundation of China, stated: "Lung cancer is the leading cause of cancer death globally, of which non-small cell lung cancer accounts for 80 to 85 percent. In the past few decades, drug development of non-small cell lung cancer has mainly focused on nonsquamous non-small cell lung cancer, while drug development of squamous non-small cell lung cancer has been slower due to its unique epidemiological, histopathological and molecular characteristics. In China, specifically, the approved options for second-line immunotherapy to treat squamous non-small cell lung cancer are even more limited. The ORIENT-3 study showed that the anti-PD-1 monoclonal antibody sintilimab significantly improved overall survival for the second-line treatment of squamous non-small cell lung cancerpatients, which is of great clinical value. We hope that the positive results of ORIENT-3 can help more squamous non-small cell lung cancerpatients." "TYVYT (sintilimab injection) was the first anti-PD-1 inhibitor included in the New Catalogue of the National Reimbursement Drug List in 2019," said Dr. Hui Zhou, Vice President of Medical Science and Strategy Oncology of Innovent. "In August 2020, the NMPA accepted a new indication application for TYVYT (sintilimab injection) in combination with chemotherapy for first-line treatment of squamous NSCLC. In the ORIENT-3 study, sintilimab as second-line monotherapy demonstrated a significantly improved survival benefit for patients with advanced squamous non-small cell lung cancer, and we look forward to the potential approval of this indication, to help more patients with this type of lung cancer." "We are excited about these results, showing TYVYT (sintilimab injection) significantly improved overall survival in this patient population. This study underscores the joint commitment from Lilly and Innovent to provide innovative treatment options to patients with lung cancer," said Dr. Wang Li, Senior Vice President of Lilly China and Head of Lilly China Drug Development and Medical Affairs. "We would like to thank the patients, the investigators, the clinical trial centers and our colleagues from Innovent that are involved in the study. We look forward to working together to potentially bring this new treatment option to people in China with squamous non-small cell lung cancer." About Squamous NSCLC Lung cancer is a malignancy with the highest morbidity and mortality in China. NSCLC accounts for about 80 to 85 percent of lung cancer. Approximately 70 percent of people with NSCLC have locally advanced or metastatic NSCLC at initial diagnosis, rendering many of those patients with no chance of radical resection. Meanwhile, even after radical surgery, patients still have a high chance of recurrence and eventually die from disease progression. About 30 percent of people in China with non-small cell lung cancer have tumors of the squamous subtype and there are limited approved second-line therapies for these patients. Therefore, there remains a huge unmet medical need in China. About the ORIENT-3 Trial ORIENT-3 is a randomized, open-label, multi-center, Phase 3 clinical trial to evaluate the efficacy and safety of TYVYT (sintilimab injection) as second-line therapy for advanced or metastatic sqNSCLC (ClinicalTrials.gov, NCT 03150875). The primary endpoint is overall survival (OS). The secondary endpoints include progression-free survival (PFS) as assessed by investigators based on RECIST v1.1, objective response rate (ORR) and safety profile. A total of 290 patients were enrolled in ORIENT-3 and randomized in a 1:1 ratio to receive either TYVYT (sintilimab injection) 200mg or docetaxel every three weeks. The patients received treatment until radiographic disease progression, unacceptable toxicity or any other conditions that require treatment discontinuation. About TYVYT (Sintilimab Injection) TYVYT (sintilimab injection), an innovative drug with global quality standards jointly developed in China by Innovent and Lilly, has been granted marketing approval by the NMPA (National Medical Products Administration) for the treatment of relapsed or refractory classic Hodgkin's lymphoma after two lines or later of systemic chemotherapy, and is included in the 2019 Guidelines of Chinese Society of Clinical Oncology for Lymphoid Malignancies. In February 2021, TYVYT (sintilimab injection) was approved by the China NMPA in combination with pemetrexed and platinum chemotherapy as first-line therapy for the treatment of nonsquamous non-small cell lung cancer. TYVYT (sintilimab injection) was included in the National Reimbursement Drug List (NRDL) in November 2019 as the first PD-1 inhibitor and the only PD-1 included in the list in that year. Currently TYVYT (sintilimab injection) has three supplemental New Drug Applications ("sNDA") under review by the NMPA. In August 2020, the NMPA accepted the sNDA for TYVYT (sintilimab injection) in combination with gemcitabine and platinum chemotherapy as first-line therapy in squamous NSCLC. In January 2021, the NMPA accepted the sNDA for TYVYT (sintilimab injection) in combination with BYVASDA (bevacizumab injection) as first-line therapy in Hepatocellular Carcinoma (HCC) and the sNDA for TYVYT (sintilimab injection) as second-line therapy in squamous NSCLC. Besides, in May 2020, TYVYT (sintilimab injection) monotherapy met the primary endpoint of overall survival in the Phase 2 ORIENT-2 study as second-line therapy in patients with advanced or metastatic esophageal squamous cell carcinoma. TYVYT(sintilimab injection), is a type of immunoglobulin G4 monoclonal antibody, which binds to PD-1 molecules on the surface of T-cells, blocks the PD-1 / PD-Ligand 1 (PD-L1) pathway and reactivates T-cells to kill cancer cells. Innovent is currently conducting more than 20 clinical studies with TYVYT (sintilimab injection) to evaluate its safety and efficacy in a wide variety of cancer indications, including more than 10 registrational or pivotal clinical trials. Meanwhile, Innovent is conducting clinical research studies on TYVYT (sintilimab injection) worldwide. About Innovent Inspired by the spirit of "Start with Integrity, Succeed through Action," Innovent's mission is to develop, manufacture and commercialize high-quality biopharmaceutical products that are affordable to ordinary people. Established in 2011, Innovent is committed to developing, manufacturing and commercializing high quality innovative medicines for the treatment of cancer, autoimmune, metabolic and other major diseases. On October 31, 2018, Innovent was listed on the Main Board of the Stock Exchange of Hong Kong Limited with the stock code: 01801.HK. Since its inception, Innovent has developed a fully integrated multi-functional platform which includes R&D, CMC (Chemistry, Manufacturing, and Controls), clinical development and commercialization capabilities. Leveraging the platform, the company has built a robust pipeline of 23 valuable assets in the fields of cancer, metabolic, autoimmune diseases and other major therapeutic areas, with 4 products - TYVYT (sintilimab injection), BYVASDA (bevacizumab biosimilar injection),SULINNO(adalimumab biosimilar injection) andHALPRYZA (rituximab biosimilar injection) - officially approved for marketing in China, five assets in Phase 3 or pivotal clinical trials, and an additional 14 molecules in clinical trials. TYVYT (sintilimab injection) wasthe first PD-1 inhibitor included in the NRDL.Innovent has built an international team of advanced talents in high-end biological drug development and commercialization, including many overseas experts. The company has also entered into strategic collaborations with Eli Lilly and Company, Adimab, Incyte, MD Anderson Cancer Center, Hanmi and other international partners. Innovent strives to work with all relevant parties to help advance China's biopharmaceutical industry, improve drug availability to ordinary people and enhance the quality of the patients' lives. For more information, please visit: www.innoventbio.com. About Eli Lilly and Company Lilly is a global healthcare leader that unites caring with discovery to create medicines to make life better for people around the world. We were founded more than a century ago by a man committed to creating high-quality medicines that meet real needs, and today we remain true to that mission in all our work. Across the globe, Lilly employees work to discover and bring life-changing medicines to those who need them, improve the understanding and management of disease, and give back to communities through philanthropy and volunteerism. To learn more about Lilly, please visit us at lilly.comand lilly.com/newsroom. About Innovent Biologics' strategic collaboration with Eli Lilly and Company Innovent entered into a strategic collaboration with Lilly focused on biological medicine in March 2015 a groundbreaking partnership between a Chinese pharmaceutical company and a multinational pharmaceutical company. Under the agreement, Innovent and Lilly are co-developing and commercializing oncology medicines, including TYVYT(sintilimab injection), in China. In October 2015, the two companies announced the extension of their existing collaboration to includeco-development of three additionaloncology antibodies targeting oncology indications. In August 2019, Innovent further entered a licensing agreement with Lilly to develop and commercialize a potentially global best-in-class diabetes medicine in China. Its collaboration with Lilly indicates that Innovent has established a comprehensive level of cooperation between China's innovative pharmaceuticals sector and the international pharmaceuticals sector in fields such as R&D, CMC, clinical development and commercialization. In August 2020Lilly and Innovent announced a global expansion of their strategic alliance for TYVYT (sintilimab injection), whereby Lilly obtained an exclusive license for TYVYT (sintilimab injection) for geographies outside of China and plans to pursue registration of TYVYT (sintilimab injection) in the U.S. and other markets. Note:TYVYT (sintilimab injection) is not an approved product in the United States.BYVASDA (bevacizumab biosimilar injection) is not an approved product in the United States.SULINNO (adalimumab biosimilar injection) is not an approved product in the United States.HALPRYZA (rituximab biosimilar injection) is not an approved product in the United States. TYVYT (sintilimab injection, Innovent)BYVASDA(bevacizumab biosimilar injection, Innovent)SULINNO (adalimumab biosimilar injection, Innovent)HALPRYZA (rituximab biosimilar injection, Innovent) ALIMTAand GEMZARare trademarks owned by or licensed to Eli Lilly and Company, its subsidiaries, or affiliates. Disclaimer: 1. This indication is still under clinical trial, which hasn't been approved in China. 2. Innovent does not recommend any off-label usage.3. For medical and healthcare professionals only. SOURCE Innovent Biologics Related Links http://www.innoventbio.com Answer:

Innovent and Lilly Release Phase 3 Results of TYVYT (Sintilimab Injection) as a Second-Line Treatment for Squamous Non-Small Cell Lung Cancer at AACR Annual Meeting 2021

SAN FRANCISCO and SUZHOU, China, April 12, 2021 /PRNewswire/ -- Innovent Biologics, Inc. ("Innovent", HKEX: 01801), a world-class biopharmaceutical company that develops, manufactures and commercializes high-quality medicines for the treatment of cancer, metabolic, autoimmune and other major diseases, announced with Eli Lilly and Company ("Lilly",NYSE: LLY) that the results of the Phase 3 ORIENT-3 study were released today in an oral presentation at the American Association for Cancer Research (AACR) Annual Meeting 2021. ORIENT-3 is a randomized, open-label, Phase 3 clinical trial evaluating TYVYT (sintilimab injection) versus docetaxel as a second-line treatment for advanced or metastatic squamous non-small cell lung cancer (sqNSCLC). A total of 290 patients whose cancer had progressed following first-line treatment with platinum-based chemotherapy were enrolled. Based on the primary analysis population (280 patients, excluding patients on the docetaxel arm who received immunotherapy prior to disease progression),TYVYT (sintilimab injection) demonstrated a statistically significant improvement in overall survival (OS) compared to docetaxel, meeting the pre-specified primary endpoint.The median OS was 11.79 months for patients on the TYVYT (sintilimab injection) arm and 8.25 months for those on the docetaxel arm (HR=0.74, 95% CI: 0.56-0.96, P=0.02489). The median progression-free survival (PFS) as assessed by investigators was 4.30 months versus 2.79 months (HR=0.52, 95% CI: 0.39-0.68, P<0.00001), and the confirmed objective response rate (ORR) was 25.5 percent versus 2.2 percent (P<0.00001), respectively. Safety was consistent with previous studies of TYVYT (sintilimab injection), and no new safety signals were identified. Professor Yuankai Shi, principal investigator of ORIENT-3, Associate Dean of Cancer Hospital, Chinese Academy of Medical Sciences and Chairman of Cancer Foundation of China, stated: "Lung cancer is the leading cause of cancer death globally, of which non-small cell lung cancer accounts for 80 to 85 percent. In the past few decades, drug development of non-small cell lung cancer has mainly focused on nonsquamous non-small cell lung cancer, while drug development of squamous non-small cell lung cancer has been slower due to its unique epidemiological, histopathological and molecular characteristics. In China, specifically, the approved options for second-line immunotherapy to treat squamous non-small cell lung cancer are even more limited. The ORIENT-3 study showed that the anti-PD-1 monoclonal antibody sintilimab significantly improved overall survival for the second-line treatment of squamous non-small cell lung cancerpatients, which is of great clinical value. We hope that the positive results of ORIENT-3 can help more squamous non-small cell lung cancerpatients." "TYVYT (sintilimab injection) was the first anti-PD-1 inhibitor included in the New Catalogue of the National Reimbursement Drug List in 2019," said Dr. Hui Zhou, Vice President of Medical Science and Strategy Oncology of Innovent. "In August 2020, the NMPA accepted a new indication application for TYVYT (sintilimab injection) in combination with chemotherapy for first-line treatment of squamous NSCLC. In the ORIENT-3 study, sintilimab as second-line monotherapy demonstrated a significantly improved survival benefit for patients with advanced squamous non-small cell lung cancer, and we look forward to the potential approval of this indication, to help more patients with this type of lung cancer." "We are excited about these results, showing TYVYT (sintilimab injection) significantly improved overall survival in this patient population. This study underscores the joint commitment from Lilly and Innovent to provide innovative treatment options to patients with lung cancer," said Dr. Wang Li, Senior Vice President of Lilly China and Head of Lilly China Drug Development and Medical Affairs. "We would like to thank the patients, the investigators, the clinical trial centers and our colleagues from Innovent that are involved in the study. We look forward to working together to potentially bring this new treatment option to people in China with squamous non-small cell lung cancer." About Squamous NSCLC Lung cancer is a malignancy with the highest morbidity and mortality in China. NSCLC accounts for about 80 to 85 percent of lung cancer. Approximately 70 percent of people with NSCLC have locally advanced or metastatic NSCLC at initial diagnosis, rendering many of those patients with no chance of radical resection. Meanwhile, even after radical surgery, patients still have a high chance of recurrence and eventually die from disease progression. About 30 percent of people in China with non-small cell lung cancer have tumors of the squamous subtype and there are limited approved second-line therapies for these patients. Therefore, there remains a huge unmet medical need in China. About the ORIENT-3 Trial ORIENT-3 is a randomized, open-label, multi-center, Phase 3 clinical trial to evaluate the efficacy and safety of TYVYT (sintilimab injection) as second-line therapy for advanced or metastatic sqNSCLC (ClinicalTrials.gov, NCT 03150875). The primary endpoint is overall survival (OS). The secondary endpoints include progression-free survival (PFS) as assessed by investigators based on RECIST v1.1, objective response rate (ORR) and safety profile. A total of 290 patients were enrolled in ORIENT-3 and randomized in a 1:1 ratio to receive either TYVYT (sintilimab injection) 200mg or docetaxel every three weeks. The patients received treatment until radiographic disease progression, unacceptable toxicity or any other conditions that require treatment discontinuation. About TYVYT (Sintilimab Injection) TYVYT (sintilimab injection), an innovative drug with global quality standards jointly developed in China by Innovent and Lilly, has been granted marketing approval by the NMPA (National Medical Products Administration) for the treatment of relapsed or refractory classic Hodgkin's lymphoma after two lines or later of systemic chemotherapy, and is included in the 2019 Guidelines of Chinese Society of Clinical Oncology for Lymphoid Malignancies. In February 2021, TYVYT (sintilimab injection) was approved by the China NMPA in combination with pemetrexed and platinum chemotherapy as first-line therapy for the treatment of nonsquamous non-small cell lung cancer. TYVYT (sintilimab injection) was included in the National Reimbursement Drug List (NRDL) in November 2019 as the first PD-1 inhibitor and the only PD-1 included in the list in that year. Currently TYVYT (sintilimab injection) has three supplemental New Drug Applications ("sNDA") under review by the NMPA. In August 2020, the NMPA accepted the sNDA for TYVYT (sintilimab injection) in combination with gemcitabine and platinum chemotherapy as first-line therapy in squamous NSCLC. In January 2021, the NMPA accepted the sNDA for TYVYT (sintilimab injection) in combination with BYVASDA (bevacizumab injection) as first-line therapy in Hepatocellular Carcinoma (HCC) and the sNDA for TYVYT (sintilimab injection) as second-line therapy in squamous NSCLC. Besides, in May 2020, TYVYT (sintilimab injection) monotherapy met the primary endpoint of overall survival in the Phase 2 ORIENT-2 study as second-line therapy in patients with advanced or metastatic esophageal squamous cell carcinoma. TYVYT(sintilimab injection), is a type of immunoglobulin G4 monoclonal antibody, which binds to PD-1 molecules on the surface of T-cells, blocks the PD-1 / PD-Ligand 1 (PD-L1) pathway and reactivates T-cells to kill cancer cells. Innovent is currently conducting more than 20 clinical studies with TYVYT (sintilimab injection) to evaluate its safety and efficacy in a wide variety of cancer indications, including more than 10 registrational or pivotal clinical trials. Meanwhile, Innovent is conducting clinical research studies on TYVYT (sintilimab injection) worldwide. About Innovent Inspired by the spirit of "Start with Integrity, Succeed through Action," Innovent's mission is to develop, manufacture and commercialize high-quality biopharmaceutical products that are affordable to ordinary people. Established in 2011, Innovent is committed to developing, manufacturing and commercializing high quality innovative medicines for the treatment of cancer, autoimmune, metabolic and other major diseases. On October 31, 2018, Innovent was listed on the Main Board of the Stock Exchange of Hong Kong Limited with the stock code: 01801.HK. Since its inception, Innovent has developed a fully integrated multi-functional platform which includes R&D, CMC (Chemistry, Manufacturing, and Controls), clinical development and commercialization capabilities. Leveraging the platform, the company has built a robust pipeline of 23 valuable assets in the fields of cancer, metabolic, autoimmune diseases and other major therapeutic areas, with 4 products - TYVYT (sintilimab injection), BYVASDA (bevacizumab biosimilar injection),SULINNO(adalimumab biosimilar injection) andHALPRYZA (rituximab biosimilar injection) - officially approved for marketing in China, five assets in Phase 3 or pivotal clinical trials, and an additional 14 molecules in clinical trials. TYVYT (sintilimab injection) wasthe first PD-1 inhibitor included in the NRDL.Innovent has built an international team of advanced talents in high-end biological drug development and commercialization, including many overseas experts. The company has also entered into strategic collaborations with Eli Lilly and Company, Adimab, Incyte, MD Anderson Cancer Center, Hanmi and other international partners. Innovent strives to work with all relevant parties to help advance China's biopharmaceutical industry, improve drug availability to ordinary people and enhance the quality of the patients' lives. For more information, please visit: www.innoventbio.com. About Eli Lilly and Company Lilly is a global healthcare leader that unites caring with discovery to create medicines to make life better for people around the world. We were founded more than a century ago by a man committed to creating high-quality medicines that meet real needs, and today we remain true to that mission in all our work. Across the globe, Lilly employees work to discover and bring life-changing medicines to those who need them, improve the understanding and management of disease, and give back to communities through philanthropy and volunteerism. To learn more about Lilly, please visit us at lilly.comand lilly.com/newsroom. About Innovent Biologics' strategic collaboration with Eli Lilly and Company Innovent entered into a strategic collaboration with Lilly focused on biological medicine in March 2015 a groundbreaking partnership between a Chinese pharmaceutical company and a multinational pharmaceutical company. Under the agreement, Innovent and Lilly are co-developing and commercializing oncology medicines, including TYVYT(sintilimab injection), in China. In October 2015, the two companies announced the extension of their existing collaboration to includeco-development of three additionaloncology antibodies targeting oncology indications. In August 2019, Innovent further entered a licensing agreement with Lilly to develop and commercialize a potentially global best-in-class diabetes medicine in China. Its collaboration with Lilly indicates that Innovent has established a comprehensive level of cooperation between China's innovative pharmaceuticals sector and the international pharmaceuticals sector in fields such as R&D, CMC, clinical development and commercialization. In August 2020Lilly and Innovent announced a global expansion of their strategic alliance for TYVYT (sintilimab injection), whereby Lilly obtained an exclusive license for TYVYT (sintilimab injection) for geographies outside of China and plans to pursue registration of TYVYT (sintilimab injection) in the U.S. and other markets. Note:TYVYT (sintilimab injection) is not an approved product in the United States.BYVASDA (bevacizumab biosimilar injection) is not an approved product in the United States.SULINNO (adalimumab biosimilar injection) is not an approved product in the United States.HALPRYZA (rituximab biosimilar injection) is not an approved product in the United States. TYVYT (sintilimab injection, Innovent)BYVASDA(bevacizumab biosimilar injection, Innovent)SULINNO (adalimumab biosimilar injection, Innovent)HALPRYZA (rituximab biosimilar injection, Innovent) ALIMTAand GEMZARare trademarks owned by or licensed to Eli Lilly and Company, its subsidiaries, or affiliates. Disclaimer: 1. This indication is still under clinical trial, which hasn't been approved in China. 2. Innovent does not recommend any off-label usage.3. For medical and healthcare professionals only. SOURCE Innovent Biologics Related Links http://www.innoventbio.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: DELAND, Fla., July 8, 2020 /PRNewswire/ --Deltran USA, LLC announced today that Battery Tender products are now available for purchase in Lowe's stores nationwide. Select Battery Tender battery chargers and maintainers, inverters, and jump starters are now available in stores and online at Lowes.com. The initial Battery Tender collection at Lowe's features best selling battery chargers and maintainers starting at $29.98, power inverters starting at $26.98, and portable jump starters starting at $86.98. "Deltran is proud to partner with Lowe's," said Clinton Green, Vice-President of Sales and Marketing at Deltran. "We look forward to delivering our industry-leading Battery Tender line of products to their customers across the country." Battery Tender has industry-leading warranties which will be honored at Lowe's. If customers have questions about warranties, they are encouraged to call Battery Tender support at 877-456-7901. About DeltranDeltran USA, LLC is a 55-year-old family owned automotive, power sport, and marine product engineering and manufacturing company headquartered in Deland, Florida. Deltran and it's related businesses offer products globally, including our flagship product line Battery Tender and our new innovation driven product line, Hyperion. For more information, visit Deltran-Global.com. About Lowe'sLowe's Companies, Inc. is a FORTUNE 50 home improvement company serving more than 18 million customers a week in the United States, Canada and Mexico. With fiscal year 2017 sales of $68.6 billion, Lowe's and its related businesses operate or service more than 2,390 home improvement and hardware stores and employ over 310,000 people. Founded in 1946 and based in Mooresville, N.C., Lowe's supports the communities it serves through programs that focus on K-12 public education and community improvement projects. For more information, visit Lowes.com. Related Links:https://www.deltran-global.com/https://www.lowes.com/ Media Contact:Brittaney Rea, Digital Marketing ManagerEmail: [emailprotected]Phone: (877) 456-7901 SOURCE Deltran USA, LLC Related Links https://www.deltran-global.com Answer:

Deltran Announces Battery Tender Now Available at Lowe's Battery Tender battery chargers and maintainers, inverters, and jump starters now available at Lowe's

DELAND, Fla., July 8, 2020 /PRNewswire/ --Deltran USA, LLC announced today that Battery Tender products are now available for purchase in Lowe's stores nationwide. Select Battery Tender battery chargers and maintainers, inverters, and jump starters are now available in stores and online at Lowes.com. The initial Battery Tender collection at Lowe's features best selling battery chargers and maintainers starting at $29.98, power inverters starting at $26.98, and portable jump starters starting at $86.98. "Deltran is proud to partner with Lowe's," said Clinton Green, Vice-President of Sales and Marketing at Deltran. "We look forward to delivering our industry-leading Battery Tender line of products to their customers across the country." Battery Tender has industry-leading warranties which will be honored at Lowe's. If customers have questions about warranties, they are encouraged to call Battery Tender support at 877-456-7901. About DeltranDeltran USA, LLC is a 55-year-old family owned automotive, power sport, and marine product engineering and manufacturing company headquartered in Deland, Florida. Deltran and it's related businesses offer products globally, including our flagship product line Battery Tender and our new innovation driven product line, Hyperion. For more information, visit Deltran-Global.com. About Lowe'sLowe's Companies, Inc. is a FORTUNE 50 home improvement company serving more than 18 million customers a week in the United States, Canada and Mexico. With fiscal year 2017 sales of $68.6 billion, Lowe's and its related businesses operate or service more than 2,390 home improvement and hardware stores and employ over 310,000 people. Founded in 1946 and based in Mooresville, N.C., Lowe's supports the communities it serves through programs that focus on K-12 public education and community improvement projects. For more information, visit Lowes.com. Related Links:https://www.deltran-global.com/https://www.lowes.com/ Media Contact:Brittaney Rea, Digital Marketing ManagerEmail: [emailprotected]Phone: (877) 456-7901 SOURCE Deltran USA, LLC Related Links https://www.deltran-global.com

edtsum1002

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: MONTCLAIR, N.J., Nov. 11, 2020 /PRNewswire/ --Whether you enjoy iced or hotbeverages, puddles, water ring marks, and brews that are either too cold or too hot, are daily friction points for most people. If you're looking for this year's must-have gift for someone who could use a better to-go coffee experience,then reusable cup sleeves from Sok-It belong on your holiday nice list. Today, Sok-It launched24 new styles of theirpopular JavaSokand HotSokline - all under $16 for a wide-range of affordable holiday gift options for everyone on your list. Our JavaSok cold sleeves fit Dunkin, Starbucks, McCaf and many other similar sized cups, and not only retain ice so your beverage stays cold longer, but leaves you happy with dry hands, no mess, puddles or watermarks to worry about, said Gregg Greenberg, Co-CEO, Sok-It. HotSok sleeves protect your hands from extreme heat and fit most disposable coffee cups. Sok-It servesas the permanent solution to all beverage condensation and temperature annoyances people experience daily. Tweet this "Our JavaSok cold sleeves fit Dunkin, Starbucks, McCaf and many other similar sized cups, and not only retain ice so your beverage stays cold longer, but leaves you happy with dry hands, no mess, puddles or watermarks to worry about," said Gregg Greenberg, Co-CEO, Sok-It. "HotSok sleeves protect your hands from extreme heat and fit most disposable coffee cups." With over 10,000 positive reviews, Sok-It servesas the permanent solution to all beverage condensation and temperature annoyances people experience daily. Made from thick, insulating, 4MM coated neoprene fabric on its inner and outer sides to provide natural barriers to various elements, JavaSok sleeves replace napkins used to ward off cup sweat from dripping on your clothes and anywhere else. HotSok sleeves shield hands from extreme heat. All are hand washable and even come in reusable container sleeves for water bottles (BotlSok) and soda (SodaSok)."Sok-Itcustomers view their daily beverage encounter as one that is personal, savoredand adds joy to their day," said Greenberg. "That's why we expanded our JavaSok and HotSok line to offer a broader array of fun and fashionable styles geared to brighten your beverage as well as your experience, just in time for the holiday gifting season."JavaSokcup sleeves cover about 85% of the cups from various popular drink stores to fit small, medium, and large containers. The new JavaSokcold and HotSokline caters to just about everyone's taste with a variety of beautifully designed styles to fit your every mood including: Boho, Seasonal, Classics, Nostalgic, Cosmic, Ombre, Animal Print, Camo, Hawaiian, Floral and Tie Dye. Sok-It offers shipping to anywhere in the United States.Don't know what style to choose? No worries. eGift cards from $10-$50 are available on the Sok-It website. Sok-It also provides custom branded logo options and designs for retail outlets, corporate gifts and gatherings, weddings, birthdays and more. In addition, Sok-Itoffers wholesale prices for bulk orders for retailers and distributors of their products.For more information onSok-It, visit https://sok-it.com/and contact Kristie Burns at [emailprotected].Follow us on social media. About Sok-ItSok-It is a premium brand of reusable drink sleeves that prevent water rings, puddles, and drips from cold drinks and shield hands from extreme heated drinks. JavaSokkeeps iceddrinks colder longerand HotSok protects your hands from hot drinks better than single-use cardboard sleeves. BotlSok sleeves fit your favorite water bottle and SodaSok, just like the original JavaSok, fits most soda cups. Sok-It offers online ordering through its website https://sok-it.com/and ships anywhere from the US.Contact: Kristie BurnsKB Communications[emailprotected] 616.901.6710SOURCE Sok-It Related Links https://sok-it.com/ Answer:

Sok-It Reusable Cup Sleeves Bring More Joy To Coffee Drinkers This Holiday Season With 24 new styles of JavaSok and HotSok, these eco-friendly cup sleeves for cold and hot drinks serve as the ideal gift for everyone on your list

MONTCLAIR, N.J., Nov. 11, 2020 /PRNewswire/ --Whether you enjoy iced or hotbeverages, puddles, water ring marks, and brews that are either too cold or too hot, are daily friction points for most people. If you're looking for this year's must-have gift for someone who could use a better to-go coffee experience,then reusable cup sleeves from Sok-It belong on your holiday nice list. Today, Sok-It launched24 new styles of theirpopular JavaSokand HotSokline - all under $16 for a wide-range of affordable holiday gift options for everyone on your list. Our JavaSok cold sleeves fit Dunkin, Starbucks, McCaf and many other similar sized cups, and not only retain ice so your beverage stays cold longer, but leaves you happy with dry hands, no mess, puddles or watermarks to worry about, said Gregg Greenberg, Co-CEO, Sok-It. HotSok sleeves protect your hands from extreme heat and fit most disposable coffee cups. Sok-It servesas the permanent solution to all beverage condensation and temperature annoyances people experience daily. Tweet this "Our JavaSok cold sleeves fit Dunkin, Starbucks, McCaf and many other similar sized cups, and not only retain ice so your beverage stays cold longer, but leaves you happy with dry hands, no mess, puddles or watermarks to worry about," said Gregg Greenberg, Co-CEO, Sok-It. "HotSok sleeves protect your hands from extreme heat and fit most disposable coffee cups." With over 10,000 positive reviews, Sok-It servesas the permanent solution to all beverage condensation and temperature annoyances people experience daily. Made from thick, insulating, 4MM coated neoprene fabric on its inner and outer sides to provide natural barriers to various elements, JavaSok sleeves replace napkins used to ward off cup sweat from dripping on your clothes and anywhere else. HotSok sleeves shield hands from extreme heat. All are hand washable and even come in reusable container sleeves for water bottles (BotlSok) and soda (SodaSok)."Sok-Itcustomers view their daily beverage encounter as one that is personal, savoredand adds joy to their day," said Greenberg. "That's why we expanded our JavaSok and HotSok line to offer a broader array of fun and fashionable styles geared to brighten your beverage as well as your experience, just in time for the holiday gifting season."JavaSokcup sleeves cover about 85% of the cups from various popular drink stores to fit small, medium, and large containers. The new JavaSokcold and HotSokline caters to just about everyone's taste with a variety of beautifully designed styles to fit your every mood including: Boho, Seasonal, Classics, Nostalgic, Cosmic, Ombre, Animal Print, Camo, Hawaiian, Floral and Tie Dye. Sok-It offers shipping to anywhere in the United States.Don't know what style to choose? No worries. eGift cards from $10-$50 are available on the Sok-It website. Sok-It also provides custom branded logo options and designs for retail outlets, corporate gifts and gatherings, weddings, birthdays and more. In addition, Sok-Itoffers wholesale prices for bulk orders for retailers and distributors of their products.For more information onSok-It, visit https://sok-it.com/and contact Kristie Burns at [emailprotected].Follow us on social media. About Sok-ItSok-It is a premium brand of reusable drink sleeves that prevent water rings, puddles, and drips from cold drinks and shield hands from extreme heated drinks. JavaSokkeeps iceddrinks colder longerand HotSok protects your hands from hot drinks better than single-use cardboard sleeves. BotlSok sleeves fit your favorite water bottle and SodaSok, just like the original JavaSok, fits most soda cups. Sok-It offers online ordering through its website https://sok-it.com/and ships anywhere from the US.Contact: Kristie BurnsKB Communications[emailprotected] 616.901.6710SOURCE Sok-It Related Links https://sok-it.com/

edtsum1009

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: LOS ALTOS, Calif.--(BUSINESS WIRE)--Bolster, a deep learning-powered, next generation fraud prevention company, today announced the appointment of Nick Vann to vice president of sales. Vann has over 15 years of deep security and sales leadership experience, where he will be responsible for driving revenues, expanding the company's global footprint and scaling the sales and channel teams. Were excited to have Nick join the team to help us take advantage of the surge we are seeing in demand by building a high-performance sales team, stated Abhishek Dubey, co-founder and chief executive officer of Bolster. He has a proven track record of taking disruptive technologies to market, and he will be a key contributor to helping Bolster accelerate our growth trajectory. Previously, Vann was the vice president of sales at Vulcan Cyber, where he played a pivotal role in winning key accounts and established the companys U.S. operations. Prior to Vulcan Cyber, he held vice president of sales positions at Habitu8 and Anomali. During his four years at Anomali, Vann built the sales and business development programs from the ground up and established a go to market strategy that has been critical to the companys ongoing success. He also held sales leadership positions at Rapid7 and Axceler. Bolster is well-positioned for success with a solution that is clearly differentiated from its competitors, and the growth trajectory is amazing, said Nick Vann, vice president of sales at Bolster. The solution helps companies address an increasingly difficult problem of online fraud simply and elegantly, and customers love it because it just works. As companies have accelerated their digital presence, online fraud activity is also growing at an extraordinary rate, making it increasingly difficult for companies to maintain positive brand reputation and loyalty. In 2020, Bolster Research found more than 1.7 million phishing and fraud sites being created, which is 18,000 per day. For one of its customers, Zoom, Bolsters solution discovered and took down nearly 1,500 phishing and fraud sites in the first 24 hours. Bolster Overview: About Bolster Bolster helps companies create trust and safety on the Internet with its AI-powered next generation fraud prevention platform. The company protects some of the worlds leading brands, helping them strengthen their brands connection to their customers, partners, and supply chain ecosystem. Their platform provides the industrys fastest detection and automated takedowns of online scams, doing the work of hundreds of analysts and paralegals in only minutes. The company has a team of security experts from leading security companies including Cisco, Symantec, McAfee, Bell Labs, and OpenDNS. Founded in 2017 and based in Los Altos, California. To learn more, go to www.bolster.ai. Answer:

Bolster Appoints Nick Vann to Vice President of Sales as Customer Demand Soars Industry veteran brings proven sales leadership and security expertise to support rapid growth

LOS ALTOS, Calif.--(BUSINESS WIRE)--Bolster, a deep learning-powered, next generation fraud prevention company, today announced the appointment of Nick Vann to vice president of sales. Vann has over 15 years of deep security and sales leadership experience, where he will be responsible for driving revenues, expanding the company's global footprint and scaling the sales and channel teams. Were excited to have Nick join the team to help us take advantage of the surge we are seeing in demand by building a high-performance sales team, stated Abhishek Dubey, co-founder and chief executive officer of Bolster. He has a proven track record of taking disruptive technologies to market, and he will be a key contributor to helping Bolster accelerate our growth trajectory. Previously, Vann was the vice president of sales at Vulcan Cyber, where he played a pivotal role in winning key accounts and established the companys U.S. operations. Prior to Vulcan Cyber, he held vice president of sales positions at Habitu8 and Anomali. During his four years at Anomali, Vann built the sales and business development programs from the ground up and established a go to market strategy that has been critical to the companys ongoing success. He also held sales leadership positions at Rapid7 and Axceler. Bolster is well-positioned for success with a solution that is clearly differentiated from its competitors, and the growth trajectory is amazing, said Nick Vann, vice president of sales at Bolster. The solution helps companies address an increasingly difficult problem of online fraud simply and elegantly, and customers love it because it just works. As companies have accelerated their digital presence, online fraud activity is also growing at an extraordinary rate, making it increasingly difficult for companies to maintain positive brand reputation and loyalty. In 2020, Bolster Research found more than 1.7 million phishing and fraud sites being created, which is 18,000 per day. For one of its customers, Zoom, Bolsters solution discovered and took down nearly 1,500 phishing and fraud sites in the first 24 hours. Bolster Overview: About Bolster Bolster helps companies create trust and safety on the Internet with its AI-powered next generation fraud prevention platform. The company protects some of the worlds leading brands, helping them strengthen their brands connection to their customers, partners, and supply chain ecosystem. Their platform provides the industrys fastest detection and automated takedowns of online scams, doing the work of hundreds of analysts and paralegals in only minutes. The company has a team of security experts from leading security companies including Cisco, Symantec, McAfee, Bell Labs, and OpenDNS. Founded in 2017 and based in Los Altos, California. To learn more, go to www.bolster.ai.

edtsum1011

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: IRVINE, Calif., March 3, 2021 /PRNewswire/ --HI-CHEWTM, the immensely fruity, intensely chewy candy expands its innovative portfolio of vibrant flavors with the introduction of HI-CHEWTM Plus Fruit in two new fruity flavors: Orange & Tangerine and Red Apple & Strawberry. Plus Fruit is a fruity, chewy candy mix bursting with flavor with the addition of real fruit pieces. (PRNewsfoto/HI-CHEW) HI-CHEWTM enthusiasts and consumers alike loved the addition of real fruit pieces incorporated into the classic chewy candy when Plus Fruit first came to market in 2017. Since then, HI-CHEWTM has reimagined the Plus Fruit flavor offerings to bring a new and vibrant experience for consumers with Orange & Tangerine and Red Apple & Strawberry. Each chew contains two unique flavors combined into one taste explosion that lasts through the final bite. Plus Fruit delivers the true-to-fruit flavor you love from the brand, with real fruit pieces that create the ultimate fruit-forward candy adventure. Orange & Tangerine brings out a burst of tang and sweetness, just like the taste of your favorite citrus fruits. The chewlet mimics the fresh flavor and bold orange color, with sparks of brightness. Red Apple & Strawberry incorporates the fruity, sweet, and juicy flavor that both red apple and strawberry are known for. These seasonal fruits come together and deliver a refreshing depth of flavor in each bite. "Plus Fruit is such an exciting product offering for HI-CHEW, and we are thrilled to bring it back to the market in a new and unique way for our brand fans," said Tatsuya Takamiya, Chief Marketing Officer of Morinaga America, Inc."Tapping into consumers' continued interest for two fruit flavors in one, Plus Fruit seamlessly blends two delicious flavor offerings with the added fun of real fruit pieces, making the HI-CHEWexperience even more fulfilling."Since the parent company of Morinaga America, Inc., Morinaga & Co., first launched HI-CHEW in 1975, the candy has been created in over 200 flavors. Driven by flavor innovation and experimentation, the research and development team continues to bring fruit flavors to life through each chew. The new flavors provide an exciting mix of sensationally vibrant tastes with the addition of real fruit pieces to enjoy all year long. As the American palate expands and global cuisine becomes more widely appreciated, there's opportunity to introduce even more distinct flavors to the U.S. market. With nearly 1 billion pieces of HI-CHEW enjoyed each year, consumers can't get enough of the fruity-chewy candy brand.HI-CHEWTM Plus Fruit is offered in a 3-ounce peg bag for a suggested retail price of $2.59 (varies per market). HI-CHEWTM Plus Fruit is available for purchase at various retailers nationwide and online at HI-CHEW.com. To learn more about HI-CHEW, please like us on Facebook, and follow us on Instagram (@HICHEWUSA) and Twitter (@HICHEW).About Morinaga America, Inc.: Established in 2008, Morinaga America, Inc. is the official distributor of HI-CHEW in the United States. With over 200 flavors of HI-CHEW having debuted in Japan, Morinaga America, Inc. has introduced the United States market to the best of Japanese confectionery. Morinaga America, Inc. (marketing and sales) and Morinaga America Foods, Inc. (manufacturing) are wholly-owned subsidiaries of Morinaga & Co., Ltd., which began in 1899 as the first, modern candy maker and producer of chocolates in Japan. In 2015, Morinaga America, Inc. opened its first United States manufacturing facility in North Carolina.About HI-CHEWTM:The history of Morinaga stretches back over a century when company founder Taichiro Morinaga brought his candy making skills to Japan from America in the 1800s. HI-CHEW has long been the best-selling soft candy in Japan and continues to see year-over-year growth throughout other parts of Asia and in the United States. In the United States, HI-CHEW is currently offered in the following flavors: Strawberry, Green Apple, Mango, Grape, Banana, Kiwi, Aa, and Sweet & Sour Watermelon. HI-CHEW also offers a Tropical Mix with Kiwi, Mango, and Pineapple, a Superfruit Mix with Aa, Kiwi and Dragon Fruit, a a Sweet & Sour Mix with Grapefruit, Lemon and Watermelon, a Fruit Combos Mix with Tropical Smoothie and Pia Colada and Soda Pop Mix with Cola and Ramune. HI-CHEW is made with concentrated fruit juices and is 100% free of gluten, cholesterol and synthetic colors. HI-CHEW continues to expand fruity, chewy flavor offerings annually. In 2020, HI-CHEW won a Nielsen Design Impact Award for its new Original Mix packaging update that hit shelves in 2019. SOURCE HI-CHEW Answer:

HI-CHEW Plus Fruit Introduces Two New Unique Flavor Pairings with Real Fruit Pieces Orange & Tangerine and Red Apple & Strawberry make their flavorful debut

IRVINE, Calif., March 3, 2021 /PRNewswire/ --HI-CHEWTM, the immensely fruity, intensely chewy candy expands its innovative portfolio of vibrant flavors with the introduction of HI-CHEWTM Plus Fruit in two new fruity flavors: Orange & Tangerine and Red Apple & Strawberry. Plus Fruit is a fruity, chewy candy mix bursting with flavor with the addition of real fruit pieces. (PRNewsfoto/HI-CHEW) HI-CHEWTM enthusiasts and consumers alike loved the addition of real fruit pieces incorporated into the classic chewy candy when Plus Fruit first came to market in 2017. Since then, HI-CHEWTM has reimagined the Plus Fruit flavor offerings to bring a new and vibrant experience for consumers with Orange & Tangerine and Red Apple & Strawberry. Each chew contains two unique flavors combined into one taste explosion that lasts through the final bite. Plus Fruit delivers the true-to-fruit flavor you love from the brand, with real fruit pieces that create the ultimate fruit-forward candy adventure. Orange & Tangerine brings out a burst of tang and sweetness, just like the taste of your favorite citrus fruits. The chewlet mimics the fresh flavor and bold orange color, with sparks of brightness. Red Apple & Strawberry incorporates the fruity, sweet, and juicy flavor that both red apple and strawberry are known for. These seasonal fruits come together and deliver a refreshing depth of flavor in each bite. "Plus Fruit is such an exciting product offering for HI-CHEW, and we are thrilled to bring it back to the market in a new and unique way for our brand fans," said Tatsuya Takamiya, Chief Marketing Officer of Morinaga America, Inc."Tapping into consumers' continued interest for two fruit flavors in one, Plus Fruit seamlessly blends two delicious flavor offerings with the added fun of real fruit pieces, making the HI-CHEWexperience even more fulfilling."Since the parent company of Morinaga America, Inc., Morinaga & Co., first launched HI-CHEW in 1975, the candy has been created in over 200 flavors. Driven by flavor innovation and experimentation, the research and development team continues to bring fruit flavors to life through each chew. The new flavors provide an exciting mix of sensationally vibrant tastes with the addition of real fruit pieces to enjoy all year long. As the American palate expands and global cuisine becomes more widely appreciated, there's opportunity to introduce even more distinct flavors to the U.S. market. With nearly 1 billion pieces of HI-CHEW enjoyed each year, consumers can't get enough of the fruity-chewy candy brand.HI-CHEWTM Plus Fruit is offered in a 3-ounce peg bag for a suggested retail price of $2.59 (varies per market). HI-CHEWTM Plus Fruit is available for purchase at various retailers nationwide and online at HI-CHEW.com. To learn more about HI-CHEW, please like us on Facebook, and follow us on Instagram (@HICHEWUSA) and Twitter (@HICHEW).About Morinaga America, Inc.: Established in 2008, Morinaga America, Inc. is the official distributor of HI-CHEW in the United States. With over 200 flavors of HI-CHEW having debuted in Japan, Morinaga America, Inc. has introduced the United States market to the best of Japanese confectionery. Morinaga America, Inc. (marketing and sales) and Morinaga America Foods, Inc. (manufacturing) are wholly-owned subsidiaries of Morinaga & Co., Ltd., which began in 1899 as the first, modern candy maker and producer of chocolates in Japan. In 2015, Morinaga America, Inc. opened its first United States manufacturing facility in North Carolina.About HI-CHEWTM:The history of Morinaga stretches back over a century when company founder Taichiro Morinaga brought his candy making skills to Japan from America in the 1800s. HI-CHEW has long been the best-selling soft candy in Japan and continues to see year-over-year growth throughout other parts of Asia and in the United States. In the United States, HI-CHEW is currently offered in the following flavors: Strawberry, Green Apple, Mango, Grape, Banana, Kiwi, Aa, and Sweet & Sour Watermelon. HI-CHEW also offers a Tropical Mix with Kiwi, Mango, and Pineapple, a Superfruit Mix with Aa, Kiwi and Dragon Fruit, a a Sweet & Sour Mix with Grapefruit, Lemon and Watermelon, a Fruit Combos Mix with Tropical Smoothie and Pia Colada and Soda Pop Mix with Cola and Ramune. HI-CHEW is made with concentrated fruit juices and is 100% free of gluten, cholesterol and synthetic colors. HI-CHEW continues to expand fruity, chewy flavor offerings annually. In 2020, HI-CHEW won a Nielsen Design Impact Award for its new Original Mix packaging update that hit shelves in 2019. SOURCE HI-CHEW

edtsum1013

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: SANTA CLARA, Calif., Aug. 10, 2020 /PRNewswire/ -- Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, today announced it has been named a Leader of The Forrester Wave: Enterprise Firewalls, Q3 2020 and received the highest score in the strategy category. Palo Alto Networks was among the 11 vendors that Forrester evaluated for its Forrester Wave: Enterprise Firewalls, Q3 2020 report. Forrester evaluated vendors against 34 criteria, grouped into three high-level categories: Current offering. Including breadth of each solution as it related to integration with adjacent security functionality (like workload security or micro segmentation), the ability of each solution to assist incident response (host isolation), usability, manageability, and performance. Strategy. Including each vendor's strategic vision and roadmap as it aligned to a Zero Trust edge architecture, where many security functions are delivered from a secure edge and both on-premises and remote users have the ability to access enterprise resources with Zero Trust rather than user-to-site VPN. For vendors not (yet) aligning to the Zero Trust edge architecture, Forrester evaluated their roadmap as it aligned to the vendor's own stated strategy and feedback Forrester heard from clients. Market presence. Including each vendor's enterprise firewall revenue and number of enterprise customers. Palo Alto Networks received the highest possible score in 17 evaluated criteria, including usability, threat intelligence, automated malware analysis, ICS/OT/IoT, IDS/IPS, and a dozen more. "Palo Alto Networks created the first Next-Generation Firewall (NGFW) more than a decade ago and have continued to keep our customers ahead of fast-evolving threats in the years since. More recently, we disrupted the market again with our announcement of the world's first Machine Learning-Powered NGFW. With increasing attack surfaces that include hybrid clouds, remote workers, IoT devices and more, it's all the more important that we provide customers with complete visibility while protecting them from the threats of today and tomorrow," said Anand Oswal, Senior Vice President and General Manager, Firewall as a Platform, Palo Alto Networks. "Today we're particularly honored to be recognized by Forrester, which from our perspective is not only for our market and technology leadership, but also for having the strategic vision to protect our customers in the future." According to the Forrester report, "Enterprise security buyers with a preference for a single solution vendor should look to Palo Alto Networks to enable their SOC staff and security program." A complimentary copy of The Forrester Wave: Enterprise Firewalls Q3'20 is available from Palo Alto Networks. About Palo Alto NetworksPalo Alto Networks, the global cybersecurity leader, is shaping the cloud-centric future with technology that is transforming the way people and organizations operate. Our mission is to be the cybersecurity partner of choice, protecting our digital way of life. We help address the world's greatest security challenges with continuous innovation that seizes the latest breakthroughs in artificial intelligence, analytics, automation, and orchestration. By delivering an integrated platform and empowering a growing ecosystem of partners, we are at the forefront of protecting tens of thousands of organizations across clouds, networks, and mobile devices. Our vision is a world where each day is safer and more secure than the one before. For more information, visit www.paloaltonetworks.com. Palo Alto Networks, Cortex, Strata, Prisma Access and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners. SOURCE Palo Alto Networks, Inc. Related Links http://www.paloaltonetworks.com Answer:

Palo Alto Networks Named A Leader in Enterprise Firewall Report Recognized with the highest score in the strategy category

SANTA CLARA, Calif., Aug. 10, 2020 /PRNewswire/ -- Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, today announced it has been named a Leader of The Forrester Wave: Enterprise Firewalls, Q3 2020 and received the highest score in the strategy category. Palo Alto Networks was among the 11 vendors that Forrester evaluated for its Forrester Wave: Enterprise Firewalls, Q3 2020 report. Forrester evaluated vendors against 34 criteria, grouped into three high-level categories: Current offering. Including breadth of each solution as it related to integration with adjacent security functionality (like workload security or micro segmentation), the ability of each solution to assist incident response (host isolation), usability, manageability, and performance. Strategy. Including each vendor's strategic vision and roadmap as it aligned to a Zero Trust edge architecture, where many security functions are delivered from a secure edge and both on-premises and remote users have the ability to access enterprise resources with Zero Trust rather than user-to-site VPN. For vendors not (yet) aligning to the Zero Trust edge architecture, Forrester evaluated their roadmap as it aligned to the vendor's own stated strategy and feedback Forrester heard from clients. Market presence. Including each vendor's enterprise firewall revenue and number of enterprise customers. Palo Alto Networks received the highest possible score in 17 evaluated criteria, including usability, threat intelligence, automated malware analysis, ICS/OT/IoT, IDS/IPS, and a dozen more. "Palo Alto Networks created the first Next-Generation Firewall (NGFW) more than a decade ago and have continued to keep our customers ahead of fast-evolving threats in the years since. More recently, we disrupted the market again with our announcement of the world's first Machine Learning-Powered NGFW. With increasing attack surfaces that include hybrid clouds, remote workers, IoT devices and more, it's all the more important that we provide customers with complete visibility while protecting them from the threats of today and tomorrow," said Anand Oswal, Senior Vice President and General Manager, Firewall as a Platform, Palo Alto Networks. "Today we're particularly honored to be recognized by Forrester, which from our perspective is not only for our market and technology leadership, but also for having the strategic vision to protect our customers in the future." According to the Forrester report, "Enterprise security buyers with a preference for a single solution vendor should look to Palo Alto Networks to enable their SOC staff and security program." A complimentary copy of The Forrester Wave: Enterprise Firewalls Q3'20 is available from Palo Alto Networks. About Palo Alto NetworksPalo Alto Networks, the global cybersecurity leader, is shaping the cloud-centric future with technology that is transforming the way people and organizations operate. Our mission is to be the cybersecurity partner of choice, protecting our digital way of life. We help address the world's greatest security challenges with continuous innovation that seizes the latest breakthroughs in artificial intelligence, analytics, automation, and orchestration. By delivering an integrated platform and empowering a growing ecosystem of partners, we are at the forefront of protecting tens of thousands of organizations across clouds, networks, and mobile devices. Our vision is a world where each day is safer and more secure than the one before. For more information, visit www.paloaltonetworks.com. Palo Alto Networks, Cortex, Strata, Prisma Access and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners. SOURCE Palo Alto Networks, Inc. Related Links http://www.paloaltonetworks.com

edtsum1014

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: PALO ALTO, Calif., April 27, 2021 /PRNewswire/ --Forbes named Fiddler AI to the third annualAI 50 List, honoring the 50 most compelling artificial intelligence companies creating value by making humans more efficient. "We're excited to be named to the AI 50 list two years in a row and grateful that our mission to build trust in AI is being recognized broadly. Our model monitoring, analytics & AI governance solution is the first to bring AI explainability in an enterprise-grade platform to help businesses understand the 'why' and 'how' behind their AI. From data scientists to business users and end consumers, we provide visibility and insights for all AI stakeholders. We empower businesses to build trustworthy AI solutions across industries for use cases like loan underwriting, fraud detection, and customer churn detection. By fostering transparency in AI, Fiddler also allows regulated industries to deploy AI in previously inaccessible use cases", said CEO & Founder, Krishna Gade. Fiddler's Model Performance Monitoring solution enables data science and AI/ML teams to validate, monitor, explain, and analyze their AI solutions to accelerate AI adoption, meet regulatory compliance and build trust with end-users. They provide complete visibility and understanding of AI solutions to customers. Fiddler has been recognized for its industry-leading capabilities and innovation - they were named to the CB Insights AI 100 list 2021, recognized as a Technology Pioneer 2020 by the World Economic Forum, one of Forbes' companies to watch on its 2020 AI 50 list, and a 2019 Cool Vendor in Gartner's Enterprise AI Governance and Ethical Response Report. Forbes partnered with venture firms Sequoia Capital and Meritech Capital to create the third annual AI 50, a list of private, promising North American companies that are using artificial intelligence in ways that are fundamental to their operations. Forbes received several hundred entries, of which nearly 400 qualified for consideration. From there, their data partners applied an algorithm to identify 100 companies with the highest quantitative scoresand that also made diversity a priority. Next, a panel of expert AI judges evaluated the finalists to find the 50 most compelling companies. About Fiddler AI Fiddler's mission is to enable businesses of all sizes to unlock the AI black box and deliver transparent AI experiences to end-users. We enable businesses to build, deploy, and maintain trustworthy AI solutions. Fiddler's next-generation ML Model Performance Management solution enables data science and technical teams to monitor, explain, and analyze their AI solutions, providing responsible and reliable experiences to business stakeholders and customers. Fiddler works with pioneering Fortune 500 companies as well as emerging tech companies. For more information please visit www.fiddler.aior follow us on Twitter @fiddlerlabsand LinkedIn. CONTACT: Fiddler AI[emailprotected] SOURCE Fiddler AI Related Links http://www.fiddler.ai Answer:

Fiddler AI Named To Forbes AI 50 Companies To Watch in 2021

PALO ALTO, Calif., April 27, 2021 /PRNewswire/ --Forbes named Fiddler AI to the third annualAI 50 List, honoring the 50 most compelling artificial intelligence companies creating value by making humans more efficient. "We're excited to be named to the AI 50 list two years in a row and grateful that our mission to build trust in AI is being recognized broadly. Our model monitoring, analytics & AI governance solution is the first to bring AI explainability in an enterprise-grade platform to help businesses understand the 'why' and 'how' behind their AI. From data scientists to business users and end consumers, we provide visibility and insights for all AI stakeholders. We empower businesses to build trustworthy AI solutions across industries for use cases like loan underwriting, fraud detection, and customer churn detection. By fostering transparency in AI, Fiddler also allows regulated industries to deploy AI in previously inaccessible use cases", said CEO & Founder, Krishna Gade. Fiddler's Model Performance Monitoring solution enables data science and AI/ML teams to validate, monitor, explain, and analyze their AI solutions to accelerate AI adoption, meet regulatory compliance and build trust with end-users. They provide complete visibility and understanding of AI solutions to customers. Fiddler has been recognized for its industry-leading capabilities and innovation - they were named to the CB Insights AI 100 list 2021, recognized as a Technology Pioneer 2020 by the World Economic Forum, one of Forbes' companies to watch on its 2020 AI 50 list, and a 2019 Cool Vendor in Gartner's Enterprise AI Governance and Ethical Response Report. Forbes partnered with venture firms Sequoia Capital and Meritech Capital to create the third annual AI 50, a list of private, promising North American companies that are using artificial intelligence in ways that are fundamental to their operations. Forbes received several hundred entries, of which nearly 400 qualified for consideration. From there, their data partners applied an algorithm to identify 100 companies with the highest quantitative scoresand that also made diversity a priority. Next, a panel of expert AI judges evaluated the finalists to find the 50 most compelling companies. About Fiddler AI Fiddler's mission is to enable businesses of all sizes to unlock the AI black box and deliver transparent AI experiences to end-users. We enable businesses to build, deploy, and maintain trustworthy AI solutions. Fiddler's next-generation ML Model Performance Management solution enables data science and technical teams to monitor, explain, and analyze their AI solutions, providing responsible and reliable experiences to business stakeholders and customers. Fiddler works with pioneering Fortune 500 companies as well as emerging tech companies. For more information please visit www.fiddler.aior follow us on Twitter @fiddlerlabsand LinkedIn. CONTACT: Fiddler AI[emailprotected] SOURCE Fiddler AI Related Links http://www.fiddler.ai

edtsum1027

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: ROYAL OAK, Mich., May 12, 2020 /PRNewswire/ --"I got nowhere else to turn. Please, please help me. I am so desperate!"Those words of anguish are often found in the steady stream of distraught emails that Bob Schwartz has received over the last 12 years. But during COVID-19's economic devastation, Schwartz has seen a remarkable increase in need. He's operated his unique grassroots and hands onHere to Help Foundationsince 2008, in Detroit and surrounding communities, and has assisted over 8500 people in his unassuming yet profoundly significant way. Continue Reading Grantee helped with a car to get to work "I've seen a lot over the years. From people being minutes away from the Sheriff's knock on the door for eviction or being suicidal or on the verge of losing their job due to transportation issues. But with COVID-19, the loss of basic needs is staggering. It's beyond comprehension." Schwartz is in the trenches, helping people when all hope has been lost. But it's nothing like what he's seeing now. From essential workers needing a used vehicle to get to work; to those laid off and struggling to pay rent while unemployment benefits have yet to begin; to domestic violence victims fleeing to a new residence and needing furniture; to overdue utility bills of families fearing shutoff, and transportation issues for senior citizens needing to get to medical treatment.Schwartz has been there to quietly, but heroically, provide emergency assistance in a time of crisis to those in need. He helps people in a myriad of ways including car repairs, rent/security deposit, used vehicles, furniture and utility assistance amongst many other forms of help.He allows people to face their tipping point and come out on the right side. The side of hope and sustenance. But Schwartz doesn't let the overwhelming nature of the need in his community to overwhelm him. Far from it. He knows he can't help everyone, but he can help a tremendous amount of people. That means fielding hundreds and hundreds and hundreds of emails and phone calls with pleas for assistance as Schwartz is relentless in his approach to help all that he can.Since mid-March he's been able to help a tremendous number of people who all have desperate stories of both despair and determination. Such as essential worker Alicia Grier, as shown in this recentFox 2 News Detroitstory, battling daily to get to her essential worker job.Schwartz will remain ready, willing and able to assist for he truly is "Here to Help."For more information, including helping to spread the feel-good story of people helping people and getting a Here to Help Foundation in your area, contact Bob at [emailprotected]or (248) 330-7271SOURCE Here to Help Foundation Answer:

Here to Help Foundation's Crusade to be an Economic Lifeline During Pandemic

ROYAL OAK, Mich., May 12, 2020 /PRNewswire/ --"I got nowhere else to turn. Please, please help me. I am so desperate!"Those words of anguish are often found in the steady stream of distraught emails that Bob Schwartz has received over the last 12 years. But during COVID-19's economic devastation, Schwartz has seen a remarkable increase in need. He's operated his unique grassroots and hands onHere to Help Foundationsince 2008, in Detroit and surrounding communities, and has assisted over 8500 people in his unassuming yet profoundly significant way. Continue Reading Grantee helped with a car to get to work "I've seen a lot over the years. From people being minutes away from the Sheriff's knock on the door for eviction or being suicidal or on the verge of losing their job due to transportation issues. But with COVID-19, the loss of basic needs is staggering. It's beyond comprehension." Schwartz is in the trenches, helping people when all hope has been lost. But it's nothing like what he's seeing now. From essential workers needing a used vehicle to get to work; to those laid off and struggling to pay rent while unemployment benefits have yet to begin; to domestic violence victims fleeing to a new residence and needing furniture; to overdue utility bills of families fearing shutoff, and transportation issues for senior citizens needing to get to medical treatment.Schwartz has been there to quietly, but heroically, provide emergency assistance in a time of crisis to those in need. He helps people in a myriad of ways including car repairs, rent/security deposit, used vehicles, furniture and utility assistance amongst many other forms of help.He allows people to face their tipping point and come out on the right side. The side of hope and sustenance. But Schwartz doesn't let the overwhelming nature of the need in his community to overwhelm him. Far from it. He knows he can't help everyone, but he can help a tremendous amount of people. That means fielding hundreds and hundreds and hundreds of emails and phone calls with pleas for assistance as Schwartz is relentless in his approach to help all that he can.Since mid-March he's been able to help a tremendous number of people who all have desperate stories of both despair and determination. Such as essential worker Alicia Grier, as shown in this recentFox 2 News Detroitstory, battling daily to get to her essential worker job.Schwartz will remain ready, willing and able to assist for he truly is "Here to Help."For more information, including helping to spread the feel-good story of people helping people and getting a Here to Help Foundation in your area, contact Bob at [emailprotected]or (248) 330-7271SOURCE Here to Help Foundation

edtsum1028

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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)--Although the need for the US telecom sector is widespread, it continues to grow at a slow pace. Various challenges are causing the slow-growth of the US telecom sector, such as the changing regulatory frameworks, growing CapEX burden, digitization initiatives. The inability to strategically overcome these challenges can cause a substantial loss of market share. Therefore, US telecom sector leaders are leveraging market intelligence solutions. These solutions enable companies to identify potential market risks and realign business models. To leverage our expertise in the US telecom sector, and dominate the market, request a free proposal. Although the telecom sector has become essential to the daily lives of the worlds consumers and businesses, the industry remains stuck in a low-growth mode. To succeed in the long-run, companies in the telecom sector will need to identify potential market risks and realign business models, says a US telecom sector expert at Infiniti Research. Business Challenge: The client is a telecom company based out of the United States. They had witnessed a decline in their market share, despite the potential revenue uplift due to 5G and IoT. The US telecom sector client sought to leverage Infinitis market intelligence solutions to identify risks, analyze competitors initiatives, and develop customer-centric strategies. The client also wanted to develop innovative business models, identify all the compliance risks in the USA, and make appropriate choices around infrastructure sharing. Our Approach: Infinitis market intelligence experts developed a comprehensive approach to assist the US telecom sector client, which included the following: Gain a comprehensive understanding of our market intelligence solutions for the US telecom sector by reading the complete article here. Business Outcome: By leveraging Infinitis market intelligence solutions, the US telecom sector client was able to seize opportunities for inorganic growth and strategic alliances. They were also able to meet regulatory requirements, build employee engagement, and develop risk management strategies to tackle rising risks. Additionally, the client was able to identify profitable opportunities and make appropriate decisions regarding infrastructure sharing. Within eight months, the US telecom sector client was able to increase its market share by 37%. To further understand the ideal strategies to overcome the US telecom sector challenges, speak to our research experts. About Infiniti Research Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us Answer:

A US Telecom Sector Client Gains Significant Market Share | Infinitis Recent Successful Client Engagement

LONDON--(BUSINESS WIRE)--Although the need for the US telecom sector is widespread, it continues to grow at a slow pace. Various challenges are causing the slow-growth of the US telecom sector, such as the changing regulatory frameworks, growing CapEX burden, digitization initiatives. The inability to strategically overcome these challenges can cause a substantial loss of market share. Therefore, US telecom sector leaders are leveraging market intelligence solutions. These solutions enable companies to identify potential market risks and realign business models. To leverage our expertise in the US telecom sector, and dominate the market, request a free proposal. Although the telecom sector has become essential to the daily lives of the worlds consumers and businesses, the industry remains stuck in a low-growth mode. To succeed in the long-run, companies in the telecom sector will need to identify potential market risks and realign business models, says a US telecom sector expert at Infiniti Research. Business Challenge: The client is a telecom company based out of the United States. They had witnessed a decline in their market share, despite the potential revenue uplift due to 5G and IoT. The US telecom sector client sought to leverage Infinitis market intelligence solutions to identify risks, analyze competitors initiatives, and develop customer-centric strategies. The client also wanted to develop innovative business models, identify all the compliance risks in the USA, and make appropriate choices around infrastructure sharing. Our Approach: Infinitis market intelligence experts developed a comprehensive approach to assist the US telecom sector client, which included the following: Gain a comprehensive understanding of our market intelligence solutions for the US telecom sector by reading the complete article here. Business Outcome: By leveraging Infinitis market intelligence solutions, the US telecom sector client was able to seize opportunities for inorganic growth and strategic alliances. They were also able to meet regulatory requirements, build employee engagement, and develop risk management strategies to tackle rising risks. Additionally, the client was able to identify profitable opportunities and make appropriate decisions regarding infrastructure sharing. Within eight months, the US telecom sector client was able to increase its market share by 37%. To further understand the ideal strategies to overcome the US telecom sector challenges, speak to our research experts. About Infiniti Research Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us

edtsum1037

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: SO PAULO, March 24, 2021 /PRNewswire/ -- GOL Linhas Areas Inteligentes S.A. ("GOL"), (NYSE: GOL and B3: GOLL4), in compliance with the provisions on paragraph 4, Article 157 of Law no. 6.404, of December 15, 1976, as amended, and in CVM Rule No. 358/2002, announces, within the scope of the reorganization disclosed in the Material Fact on February 12, 2021, that, if implemented, will result in the migration of the SMILES Fidelidade S.A. ("SMILES") shareholder base to GOL ("Reorganization"), and as permitted under Section 1.1.1 of the Reorganization's Protocol and Justification, its decision to increase the consideration offered to the shareholders of SMILES, that representsan implicit price of R$27 per share paid to SMILES' shareholders, so that, should the Reorganization be approved in the extraordinary general meetings of GOL and SMILES, shareholders of SMILES will receive, for each common share issued by SMILES that they own: I) (a) an amount in Brazilian currency of R$9.14, adjusted as provided in the Protocol and Justification; and (b) 0.6601 preferred shares issued by GOL, adjusted as provided for in the Protocol and Justification (Base Exchange Ratio); or II) (a) an amount in Brazilian currency of R$22.54, adjusted as provided for in the Protocol and Justification; and (b) 0.1650 preferred shares issued by GOL, at the discretion of the SMILES shareholders that, in the latter case, must exercise the option as described in Section 3 of the Protocol and Justification (Optional Exchange Ratio). GOL clarifies that all other conditions contained in the February 12, 2021 Material Fact and in the Protocol and Justification remain unchanged. Investor Relations[emailprotected]www.voegol.com.br/ir+55(11) 2128-4700 Media RelationsBecky Nye, Montieth & Company[emailprotected] About GOL Linhas Areas Inteligentes S.A.GOLserves more than 36 million passengers annually. With Brazil's largest network, GOLoffers customers more than 750 daily flights to over 100 destinations in Brazil and in South America, the Caribbean and the United States. GOLLOG's cargo transportation and logistics business serves more than 3,400 Brazilian municipalities and more than 200 international destinations in 95 countries. SMILESallows over 16 million registered clients to accumulate miles and redeem tickets to more than 700 destinations worldwide on the GOL partner network. Headquartered in So Paulo, GOL has a team of approximately 14,000 highly skilled aviation professionals and operates a fleet of 128 Boeing 737 aircraft, delivering Brazil's top on-time performance and an industry leading 20-year safety record. GOL has invested billions of Reais in facilities, products and services and technology to enhance the customer experience in the air and on the ground. GOL's shares are traded on the NYSE (GOL) and the B3 (GOLL4). For further information, visit www.voegol.com.br/ir. DisclaimerThe information contained in this press release has not been subject to any independent audit or review and contains "forward-looking" statements, estimates and projections that relate to future events, which are, by their nature, subject to significant risks and uncertainties. All statements other than statements of historical fact contained in this press release including, without limitation, those regarding GOL's future financial position and results of operations, strategy, plans, objectives, goals and targets, future developments in the markets in which GOL operates or is seeking to operate, and any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "will", "may", "project", "estimate", "anticipate", "predict", "seek", "should" or similar words or expressions, are forward-looking statements. The future events referred to in these forward-looking statements involve known and unknown risks, uncertainties, contingencies and other factors, many of which are beyond GOL's control, that may cause actual results, performance or events to differ materially from those expressed or implied in these statements. These forward-looking statements are based on numerous assumptions regarding GOL's present and future business strategies and the environment in which GOL will operate in the future and are not a guarantee of future performance. Such forward-looking statements speak only as at the date on which they are made. None of GOL or any of its affiliates, officers, directors, employees and agents undertakes any duty or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law. None of GOL or any of its affiliates, officers, directors, employees, professional advisors and agents make any representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved, and such forward-looking statements represent, in each case, only one of many possible scenarios and should not be viewed as the most likely or standard scenario. Although GOL believes that the estimates and projections in these forward-looking statements are reasonable, they may prove materially incorrect and actual results may materially differ. As a result, you should not rely on these forward-looking statements. SOURCE GOL Linhas Areas Inteligentes S.A. Related Links http://www.voegol.com.br/ir Answer:

GOL announces Material Fact USA - English Brazil - Portugus

SO PAULO, March 24, 2021 /PRNewswire/ -- GOL Linhas Areas Inteligentes S.A. ("GOL"), (NYSE: GOL and B3: GOLL4), in compliance with the provisions on paragraph 4, Article 157 of Law no. 6.404, of December 15, 1976, as amended, and in CVM Rule No. 358/2002, announces, within the scope of the reorganization disclosed in the Material Fact on February 12, 2021, that, if implemented, will result in the migration of the SMILES Fidelidade S.A. ("SMILES") shareholder base to GOL ("Reorganization"), and as permitted under Section 1.1.1 of the Reorganization's Protocol and Justification, its decision to increase the consideration offered to the shareholders of SMILES, that representsan implicit price of R$27 per share paid to SMILES' shareholders, so that, should the Reorganization be approved in the extraordinary general meetings of GOL and SMILES, shareholders of SMILES will receive, for each common share issued by SMILES that they own: I) (a) an amount in Brazilian currency of R$9.14, adjusted as provided in the Protocol and Justification; and (b) 0.6601 preferred shares issued by GOL, adjusted as provided for in the Protocol and Justification (Base Exchange Ratio); or II) (a) an amount in Brazilian currency of R$22.54, adjusted as provided for in the Protocol and Justification; and (b) 0.1650 preferred shares issued by GOL, at the discretion of the SMILES shareholders that, in the latter case, must exercise the option as described in Section 3 of the Protocol and Justification (Optional Exchange Ratio). GOL clarifies that all other conditions contained in the February 12, 2021 Material Fact and in the Protocol and Justification remain unchanged. Investor Relations[emailprotected]www.voegol.com.br/ir+55(11) 2128-4700 Media RelationsBecky Nye, Montieth & Company[emailprotected] About GOL Linhas Areas Inteligentes S.A.GOLserves more than 36 million passengers annually. With Brazil's largest network, GOLoffers customers more than 750 daily flights to over 100 destinations in Brazil and in South America, the Caribbean and the United States. GOLLOG's cargo transportation and logistics business serves more than 3,400 Brazilian municipalities and more than 200 international destinations in 95 countries. SMILESallows over 16 million registered clients to accumulate miles and redeem tickets to more than 700 destinations worldwide on the GOL partner network. Headquartered in So Paulo, GOL has a team of approximately 14,000 highly skilled aviation professionals and operates a fleet of 128 Boeing 737 aircraft, delivering Brazil's top on-time performance and an industry leading 20-year safety record. GOL has invested billions of Reais in facilities, products and services and technology to enhance the customer experience in the air and on the ground. GOL's shares are traded on the NYSE (GOL) and the B3 (GOLL4). For further information, visit www.voegol.com.br/ir. DisclaimerThe information contained in this press release has not been subject to any independent audit or review and contains "forward-looking" statements, estimates and projections that relate to future events, which are, by their nature, subject to significant risks and uncertainties. All statements other than statements of historical fact contained in this press release including, without limitation, those regarding GOL's future financial position and results of operations, strategy, plans, objectives, goals and targets, future developments in the markets in which GOL operates or is seeking to operate, and any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "will", "may", "project", "estimate", "anticipate", "predict", "seek", "should" or similar words or expressions, are forward-looking statements. The future events referred to in these forward-looking statements involve known and unknown risks, uncertainties, contingencies and other factors, many of which are beyond GOL's control, that may cause actual results, performance or events to differ materially from those expressed or implied in these statements. These forward-looking statements are based on numerous assumptions regarding GOL's present and future business strategies and the environment in which GOL will operate in the future and are not a guarantee of future performance. Such forward-looking statements speak only as at the date on which they are made. None of GOL or any of its affiliates, officers, directors, employees and agents undertakes any duty or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law. None of GOL or any of its affiliates, officers, directors, employees, professional advisors and agents make any representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved, and such forward-looking statements represent, in each case, only one of many possible scenarios and should not be viewed as the most likely or standard scenario. Although GOL believes that the estimates and projections in these forward-looking statements are reasonable, they may prove materially incorrect and actual results may materially differ. As a result, you should not rely on these forward-looking statements. SOURCE GOL Linhas Areas Inteligentes S.A. Related Links http://www.voegol.com.br/ir

edtsum1040

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: PHOENIX, Ariz.--(BUSINESS WIRE)--VIQ Solutions Inc. (VIQ or the Company) (TSX: VQS and OTC Markets: VQSLF), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announced the launch of FirstDraft, powered by aiAssist, to quickly convert audio files to text providing near real-time access to interviews, testimony, recorded calls, and dictations in a cost-effective manner. FirstDraft is the next step in delivering the most comprehensive end-to-end workflow for highly complex multi-speaker environments when time and accuracy count. VIQ uses aiAssist to assess the characteristics of an audio file and align it with the most efficient speech recognition engine. This specialized cyber-secure workflow ensures a highly accurate and diarized draft for self-editing or modification by professional editors to be evidence ready. We estimate only 15 percent of the audio and video content that is captured globally is actually digitized. The ability to provide a fast and affordable solution for recordings that do not require an edited or certified transcript will enable our clients uncover the value inherent within their documentation, said Susan Sumner, President and Chief Operating Officer, VIQ Solutions. We know that the requirement for fully edited documentation remains high and now we can offer a complementary service to automate access to all recorded content. FirstDraft enables clients to digitize content historically retained as an audio file in many media, law enforcement, insurance, legal, and court workflows. FirstDraft addresses journalists' need for interview text and pre-production coverage for final edit to broadcast. Law enforcement officers using VIQs MobileMic Pro app can record notes and interviews in the field and have a transcript waiting for them at the station. Attorneys can review depositions and testimony quickly to pursue additional lines of questioning. Insurance companies can now cost-effectively digitize more of their extensive audio content to improve accessibility. A vast amount of actionable information is locked in recorded audio files; FirstDraft unlocks insight that was previously inaccessible. Text based transcripts are more effective than audio file to enable analysis to find patterns and prove hypotheses, simplify search and retrieval of specific content and to increase content accessibility for those authorized to view the information. The successful implementation of AI-driven workflows provides access to critical information, further transforming the transcription industry. Developed with the cooperation of experienced transcription professionals from media, law enforcement, legal and insurance organizations, FirstDraft provides the option of AI to quickly deliver highly accurate text in draft form, said Elizabeth Vanneste, EVP of Product and Strategy. Clients can then choose to search, analyze and share the content, self-edit or they may submit files for editing by VIQs professional staff. For more information about VIQ, please visit viqsolutions.com. About VIQ Solutions Inc. VIQ Solutions is a global provider of secure, AI-driven, digital voice and video capture technology and transcription services. VIQ offers a seamless, comprehensive solution suite that delivers intelligent automation, enhanced with human review, to drive transformation in the way content is captured, secured, and repurposed into actionable information. The cyber-secure, AI technology and services platform are implemented in the most rigid security environments including criminal justice, legal, insurance, media, government, corporate finance, media, and transcription service provider markets, enabling them to improve the quality and accessibility of evidence, to easily identify predictive insights and to achieve digital transformation faster and at a lower cost. Forward-looking Statements Certain statements included in this news release may constitute forward-looking statements or forward-looking information under applicable securities legislation. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Forward-looking statements or information typically contain statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "project" or similar words suggesting future outcomes or statements regarding an outlook. Forward-looking statements or information in this news release include but are not limited to accelerating product innovation for further global expansion, rapid acceleration of future acquisitions, and technology enhancements to continue growth trajectory. Forward-looking statements or information is based on several factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although VIQ believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because VIQ can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified in this news release, assumptions have been made regarding, among other things, the Company's recent initiatives, and that sales and prospects may provide incremental value for shareholders. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions that have been used. Forward-looking statements or information is based on current expectations, estimates and projections that involve several risks and uncertainties which could cause actual results to differ materially from those anticipated by VIQ including risks related to the COVID-19 pandemic and other risks discussed or referred to under the heading "Risk Factors" in the Companys Annual Information Form for the financial year ended December 31, 2019, which is available at www.sedar.com. These risks and uncertainties may cause actual results to differ materially from the forward-looking statements or information. Readers are cautioned that the foregoing list is not exhaustive of all possible risks and uncertainties. Answer:

VIQ Solutions Unveils AI-Powered FirstDraft, Increasing the Documentation of Audio Recordings and to Improve Content Accessibility for Clients Worldwide Accurately converts audio to text enabling an efficient, cost-effective digitization for the billions of recordings captured each year thus expanding the total addressable market.

PHOENIX, Ariz.--(BUSINESS WIRE)--VIQ Solutions Inc. (VIQ or the Company) (TSX: VQS and OTC Markets: VQSLF), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, today announced the launch of FirstDraft, powered by aiAssist, to quickly convert audio files to text providing near real-time access to interviews, testimony, recorded calls, and dictations in a cost-effective manner. FirstDraft is the next step in delivering the most comprehensive end-to-end workflow for highly complex multi-speaker environments when time and accuracy count. VIQ uses aiAssist to assess the characteristics of an audio file and align it with the most efficient speech recognition engine. This specialized cyber-secure workflow ensures a highly accurate and diarized draft for self-editing or modification by professional editors to be evidence ready. We estimate only 15 percent of the audio and video content that is captured globally is actually digitized. The ability to provide a fast and affordable solution for recordings that do not require an edited or certified transcript will enable our clients uncover the value inherent within their documentation, said Susan Sumner, President and Chief Operating Officer, VIQ Solutions. We know that the requirement for fully edited documentation remains high and now we can offer a complementary service to automate access to all recorded content. FirstDraft enables clients to digitize content historically retained as an audio file in many media, law enforcement, insurance, legal, and court workflows. FirstDraft addresses journalists' need for interview text and pre-production coverage for final edit to broadcast. Law enforcement officers using VIQs MobileMic Pro app can record notes and interviews in the field and have a transcript waiting for them at the station. Attorneys can review depositions and testimony quickly to pursue additional lines of questioning. Insurance companies can now cost-effectively digitize more of their extensive audio content to improve accessibility. A vast amount of actionable information is locked in recorded audio files; FirstDraft unlocks insight that was previously inaccessible. Text based transcripts are more effective than audio file to enable analysis to find patterns and prove hypotheses, simplify search and retrieval of specific content and to increase content accessibility for those authorized to view the information. The successful implementation of AI-driven workflows provides access to critical information, further transforming the transcription industry. Developed with the cooperation of experienced transcription professionals from media, law enforcement, legal and insurance organizations, FirstDraft provides the option of AI to quickly deliver highly accurate text in draft form, said Elizabeth Vanneste, EVP of Product and Strategy. Clients can then choose to search, analyze and share the content, self-edit or they may submit files for editing by VIQs professional staff. For more information about VIQ, please visit viqsolutions.com. About VIQ Solutions Inc. VIQ Solutions is a global provider of secure, AI-driven, digital voice and video capture technology and transcription services. VIQ offers a seamless, comprehensive solution suite that delivers intelligent automation, enhanced with human review, to drive transformation in the way content is captured, secured, and repurposed into actionable information. The cyber-secure, AI technology and services platform are implemented in the most rigid security environments including criminal justice, legal, insurance, media, government, corporate finance, media, and transcription service provider markets, enabling them to improve the quality and accessibility of evidence, to easily identify predictive insights and to achieve digital transformation faster and at a lower cost. Forward-looking Statements Certain statements included in this news release may constitute forward-looking statements or forward-looking information under applicable securities legislation. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Forward-looking statements or information typically contain statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "project" or similar words suggesting future outcomes or statements regarding an outlook. Forward-looking statements or information in this news release include but are not limited to accelerating product innovation for further global expansion, rapid acceleration of future acquisitions, and technology enhancements to continue growth trajectory. Forward-looking statements or information is based on several factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although VIQ believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because VIQ can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified in this news release, assumptions have been made regarding, among other things, the Company's recent initiatives, and that sales and prospects may provide incremental value for shareholders. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions that have been used. Forward-looking statements or information is based on current expectations, estimates and projections that involve several risks and uncertainties which could cause actual results to differ materially from those anticipated by VIQ including risks related to the COVID-19 pandemic and other risks discussed or referred to under the heading "Risk Factors" in the Companys Annual Information Form for the financial year ended December 31, 2019, which is available at www.sedar.com. These risks and uncertainties may cause actual results to differ materially from the forward-looking statements or information. Readers are cautioned that the foregoing list is not exhaustive of all possible risks and uncertainties.

edtsum1049

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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., Jan. 26, 2021 /PRNewswire/ --Green Alpha Advisors today announced that they crossed the $500 million in client assets under management toward the end of 2020. Green Alpha Advisors is currently managing $625 millionin client assets. The firm's average account size is $1.5 million, and with many clients opening multiple accounts Green Alpha's average client has approximately $5 million with the firm. In addition to investing separately managed accounts, largely through family offices, wealth advisors, and institutional consultants, Green Alpha manages the Shelton Green Alpha mutual fund (ticker NEXTX). Achieving milestones like this is important in the highly competitive investment industry it's even more important for firms like Green Alpha that employ unique investment philosophies and processes. As they prove that their methods work as intended, clients are increasingly drawn to Green Alpha's strong results. "We founded Green Alpha to fill a void in the marketplace. Negatively-screened ESG portfolios were only doing part of the job needed to preserve and grow investment capital. At a previous firm we had been doing traditional negative screening to run mutual funds, while simultaneously selecting private equity investments for a well-known family office. In doing so, we realized that marrying a private equity like approach to seeking out the most innovative companies creating solutions to our greatest risks with traditional public equity securities analysis was likely to be a winning combination," said Green Alpha co-founder Jeremy Deems. "Since we created our proprietary Next Economy investment philosophy and research priorities from scratch, investors needed to see proof that our portfolio theories would be prudently applied to achieve the impressive results that we believed they would achieve. Now that our oldest portfolio has a 12-year track record, and all five of our proprietary portfolios are outperforming their benchmark across all major time frames, the industry is catching on to our way of executing," reports co-founder Garvin Jabusch. About Green Alpha Advisors, LLC Green Alpha Advisors is led by three pioneering executives who each have 20+ years of asset management experience. Green Alpha has been redefining asset management since 2008 by investing in the Next Economy an indefinitely thriving economy driven by companies developing innovative solutions to major systemic risks, like the climate crisis, resource degradation, widening inequality, and human disease burdens. Companies that innovate around efficiency gains, and sustainable economic and environmental productivity have competitive advantages, and are gaining market share, which fuels sales growth, protects margins, and sustains free cash flow. Green Alpha is a signatory to the Women's Empower Principles and Confluence Philanthropy's racial equity Belonging Pledge. Green Alpha is also a Best for Colorado company. ContactMorrison Shafroth, Momentum Communications Strategy [emailprotected]720.470.3653 Disclosures Green Alpha Advisors, LLC is an investment advisor registered with the U.S. SEC. Registration as an investment advisor does not imply any certain level of skill or training. Green Alpha is a registered trademark of Green Alpha Advisors, LLC. Green Alpha Advisors also owns the trademarks to "Next Economy" and "Investing in the Next Economy." Please refer to www.greenalphaadvisors.com for more information and important disclosures. SOURCE Green Alpha Advisors Related Links https://greenalphaadvisors.com Answer:

Green Alpha Hurdles Over Important $500 Million AUM Milestone Green Alpha Advisors is demonstrating that their unique methods of researching and picking stocks is a prudent way to preserve and grow investment capital, and increasingly larger clients are signing on

BOULDER, Colo., Jan. 26, 2021 /PRNewswire/ --Green Alpha Advisors today announced that they crossed the $500 million in client assets under management toward the end of 2020. Green Alpha Advisors is currently managing $625 millionin client assets. The firm's average account size is $1.5 million, and with many clients opening multiple accounts Green Alpha's average client has approximately $5 million with the firm. In addition to investing separately managed accounts, largely through family offices, wealth advisors, and institutional consultants, Green Alpha manages the Shelton Green Alpha mutual fund (ticker NEXTX). Achieving milestones like this is important in the highly competitive investment industry it's even more important for firms like Green Alpha that employ unique investment philosophies and processes. As they prove that their methods work as intended, clients are increasingly drawn to Green Alpha's strong results. "We founded Green Alpha to fill a void in the marketplace. Negatively-screened ESG portfolios were only doing part of the job needed to preserve and grow investment capital. At a previous firm we had been doing traditional negative screening to run mutual funds, while simultaneously selecting private equity investments for a well-known family office. In doing so, we realized that marrying a private equity like approach to seeking out the most innovative companies creating solutions to our greatest risks with traditional public equity securities analysis was likely to be a winning combination," said Green Alpha co-founder Jeremy Deems. "Since we created our proprietary Next Economy investment philosophy and research priorities from scratch, investors needed to see proof that our portfolio theories would be prudently applied to achieve the impressive results that we believed they would achieve. Now that our oldest portfolio has a 12-year track record, and all five of our proprietary portfolios are outperforming their benchmark across all major time frames, the industry is catching on to our way of executing," reports co-founder Garvin Jabusch. About Green Alpha Advisors, LLC Green Alpha Advisors is led by three pioneering executives who each have 20+ years of asset management experience. Green Alpha has been redefining asset management since 2008 by investing in the Next Economy an indefinitely thriving economy driven by companies developing innovative solutions to major systemic risks, like the climate crisis, resource degradation, widening inequality, and human disease burdens. Companies that innovate around efficiency gains, and sustainable economic and environmental productivity have competitive advantages, and are gaining market share, which fuels sales growth, protects margins, and sustains free cash flow. Green Alpha is a signatory to the Women's Empower Principles and Confluence Philanthropy's racial equity Belonging Pledge. Green Alpha is also a Best for Colorado company. ContactMorrison Shafroth, Momentum Communications Strategy [emailprotected]720.470.3653 Disclosures Green Alpha Advisors, LLC is an investment advisor registered with the U.S. SEC. Registration as an investment advisor does not imply any certain level of skill or training. Green Alpha is a registered trademark of Green Alpha Advisors, LLC. Green Alpha Advisors also owns the trademarks to "Next Economy" and "Investing in the Next Economy." Please refer to www.greenalphaadvisors.com for more information and important disclosures. SOURCE Green Alpha Advisors Related Links https://greenalphaadvisors.com

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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: DUBLIN, July 29, 2020 /PRNewswire/ -- The "Autonomous Construction Equipment Global Market Report 2020-30: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering. This report focuses on the autonomous construction equipment market which is experiencing strong growth. the report gives a guide to the autonomous construction equipment market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. it traces the market's historic and forecast market growth by geography. it places the market within the context of the wider autonomous construction equipment market, and compares it with other markets. the market characteristics section of the report defines and explains the market. the market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth. Market segmentations break down market into sub markets. the regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. it covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets. Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified. the trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers. the autonomous construction equipment market section of the report gives context. it compares the autonomous construction equipment market with other segments of the autonomous construction equipment market by size and growth, historic and forecast. it analyses GDP proportion, expenditure per capita, autonomous construction equipment indicators comparison. The global autonomous construction equipment market is expected to decline from $9.53 billion in 2019 to $8.46 billion in 2020 at a compound annual growth rate (CAGR) of -11.28%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing and remote working, and the closure of industries and other commercial activities. The market is then expected to recover and reach $14.05 billion in 2023 at CAGR of 18.45%.North America was the largest region in the autonomous construction equipment market in 2019. Asia Pacific is expected to be the fastest growing region in the forecast period.The market covered in this report is segmented by autonomy into partial/semi-autonomous. It is also segmented by product type into earth moving equipment; construction vehicles; material handling equipment; concrete & road construction equipment and by application into road construction; building construction; others.Key Topics Covered: 1. Executive Summary 2. Autonomous Construction Equipment Market Characteristics 3. Autonomous Construction Equipment Market Size And Growth 4. Autonomous Construction Equipment Market Segmentation 5. Autonomous Construction Equipment Market Regional And Country Analysis 6. Asia-Pacific Autonomous Construction Equipment Market 7. China Autonomous Construction Equipment Market 8. India Autonomous Construction Equipment Market 9. Japan Autonomous Construction Equipment Market 10. Australia Autonomous Construction Equipment Market 11. Indonesia Autonomous Construction Equipment Market 12. South Korea Autonomous Construction Equipment Market 13. Western Europe Autonomous Construction Equipment Market 14. UK Autonomous Construction Equipment Market 15. Germany Autonomous Construction Equipment Market 16. France Autonomous Construction Equipment Market 17. Eastern Europe Autonomous Construction Equipment Market 18. Russia Autonomous Construction Equipment Market 19. North America Autonomous Construction Equipment Market 20. USA Autonomous Construction Equipment Market 21. South America Autonomous Construction Equipment Market 22. Brazil Autonomous Construction Equipment Market 23. Middle East Autonomous Construction Equipment Market 24. Africa Autonomous Construction Equipment Market 25. Autonomous Construction Equipment Market Competitive Landscape And Company Profiles 26. Key Mergers And Acquisitions In The Autonomous Construction Equipment Market 27. Autonomous Construction Equipment Market Trends And Strategies 28. Autonomous Construction Equipment Market Future Outlook and Potential Analysis Companies Mentioned Komatsu Ltd Caterpillar Inc., Hitachi Construction Machinery Co., Ltd. Volvo Construction Equipment Built Robotics, Inc. Cyngn Royal Truck & Equipment Case Construction Equipment, Deere and Company For more information about this report visit https://www.researchandmarkets.com/r/dd2q1 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. 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:

World Autonomous Construction Equipment Market 2020-30: COVID-19 Growth and Change

DUBLIN, July 29, 2020 /PRNewswire/ -- The "Autonomous Construction Equipment Global Market Report 2020-30: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering. This report focuses on the autonomous construction equipment market which is experiencing strong growth. the report gives a guide to the autonomous construction equipment market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. it traces the market's historic and forecast market growth by geography. it places the market within the context of the wider autonomous construction equipment market, and compares it with other markets. the market characteristics section of the report defines and explains the market. the market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth. Market segmentations break down market into sub markets. the regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. it covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets. Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified. the trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers. the autonomous construction equipment market section of the report gives context. it compares the autonomous construction equipment market with other segments of the autonomous construction equipment market by size and growth, historic and forecast. it analyses GDP proportion, expenditure per capita, autonomous construction equipment indicators comparison. The global autonomous construction equipment market is expected to decline from $9.53 billion in 2019 to $8.46 billion in 2020 at a compound annual growth rate (CAGR) of -11.28%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing and remote working, and the closure of industries and other commercial activities. The market is then expected to recover and reach $14.05 billion in 2023 at CAGR of 18.45%.North America was the largest region in the autonomous construction equipment market in 2019. Asia Pacific is expected to be the fastest growing region in the forecast period.The market covered in this report is segmented by autonomy into partial/semi-autonomous. It is also segmented by product type into earth moving equipment; construction vehicles; material handling equipment; concrete & road construction equipment and by application into road construction; building construction; others.Key Topics Covered: 1. Executive Summary 2. Autonomous Construction Equipment Market Characteristics 3. Autonomous Construction Equipment Market Size And Growth 4. Autonomous Construction Equipment Market Segmentation 5. Autonomous Construction Equipment Market Regional And Country Analysis 6. Asia-Pacific Autonomous Construction Equipment Market 7. China Autonomous Construction Equipment Market 8. India Autonomous Construction Equipment Market 9. Japan Autonomous Construction Equipment Market 10. Australia Autonomous Construction Equipment Market 11. Indonesia Autonomous Construction Equipment Market 12. South Korea Autonomous Construction Equipment Market 13. Western Europe Autonomous Construction Equipment Market 14. UK Autonomous Construction Equipment Market 15. Germany Autonomous Construction Equipment Market 16. France Autonomous Construction Equipment Market 17. Eastern Europe Autonomous Construction Equipment Market 18. Russia Autonomous Construction Equipment Market 19. North America Autonomous Construction Equipment Market 20. USA Autonomous Construction Equipment Market 21. South America Autonomous Construction Equipment Market 22. Brazil Autonomous Construction Equipment Market 23. Middle East Autonomous Construction Equipment Market 24. Africa Autonomous Construction Equipment Market 25. Autonomous Construction Equipment Market Competitive Landscape And Company Profiles 26. Key Mergers And Acquisitions In The Autonomous Construction Equipment Market 27. Autonomous Construction Equipment Market Trends And Strategies 28. Autonomous Construction Equipment Market Future Outlook and Potential Analysis Companies Mentioned Komatsu Ltd Caterpillar Inc., Hitachi Construction Machinery Co., Ltd. Volvo Construction Equipment Built Robotics, Inc. Cyngn Royal Truck & Equipment Case Construction Equipment, Deere and Company For more information about this report visit https://www.researchandmarkets.com/r/dd2q1 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. 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

edtsum1053

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: CHERRY HILL, N.J. and COSTA MESA, Calif., July 14, 2020 /PRNewswire/ --Prosperity Behavioral Health and Vertex Healthcare Services, two leading providers of financial services and solutions to the behavioral healthcare industry, announced today that they have merged. This union significantly increases the depth and breadth of available services, creating a seamless end-to-end solution for clients seeking revenue cycle management, accounting and vendor management, data analytics and reporting, and M&A transaction support services. The combination will also allow accelerated development of proprietary technology initiatives. The combined company will serve a national customer base with comprehensive resources on both coasts. Prosperity and Vertex will combine the best practices of both organizations to more efficiently handle billing, collections, analytics and financial services for a national client base. "When we started Vertex four years ago, our goal was to exceed our customers' expectations for service, support and results," Kyle McHenry, CEO of Vertex, remarked. "I'm excited to join with Prosperity to expand the scope of services available to our clients and to share knowledge, data and processes across our combined team." Prosperity CEO, Greg Keilin, said, "We are always on the lookout for opportunities to partner with like-minded companies seeking to provide best-in-class service to clients. We are thrilled to be joining forces with Vertex to improve the quality and availability of critical business support services and to serve behavioral and mental healthcare providers throughout their organizational lifecycle." About Prosperity Behavioral Health Based in Cherry Hill, New Jersey, Prosperity Behavioral Health is a leading provider of financial solutions to mental and behavioral health facilities. With more than 20 years of combined experience in behavioral health, our leadership team encompasses expertise in revenue cycle management (billing, collections, and UR), financial analysis and reporting, corporate strategy and M&A, and back-office operations. We tailor client engagements on a "teach or do" model (consulting or outsourced services) depending on their unique requirements. Transparency, accountability, and communication are the core tenets of our mission - to provide more value than we receive in payment. We invite you to learn more about us atprosperitybh.com About Vertex Healthcare Services Based in Costa Mesa, California, Vertex Healthcare Services provides industry-leading services in all facets of the revenue cycle management process, with a reputation for excellence in utilization review for behavioral health facilities. Expertise, experience, and an unparalleled passion for client results define our mission and purpose. We believe that the best systems and the best services produce the best outcomes. For more information, please visitvertexbilling.com For More Information:Marty Gadzinowski(856) 301-2522[emailprotected] SOURCE Prosperity Behavioral Health Answer:

Prosperity Behavioral Health And Vertex Healthcare Services Announce Merger Establishes a National Footprint to Provide Unparalleled Billing and Financial Services for Mental and Behavioral Health Facilities of All Sizes

CHERRY HILL, N.J. and COSTA MESA, Calif., July 14, 2020 /PRNewswire/ --Prosperity Behavioral Health and Vertex Healthcare Services, two leading providers of financial services and solutions to the behavioral healthcare industry, announced today that they have merged. This union significantly increases the depth and breadth of available services, creating a seamless end-to-end solution for clients seeking revenue cycle management, accounting and vendor management, data analytics and reporting, and M&A transaction support services. The combination will also allow accelerated development of proprietary technology initiatives. The combined company will serve a national customer base with comprehensive resources on both coasts. Prosperity and Vertex will combine the best practices of both organizations to more efficiently handle billing, collections, analytics and financial services for a national client base. "When we started Vertex four years ago, our goal was to exceed our customers' expectations for service, support and results," Kyle McHenry, CEO of Vertex, remarked. "I'm excited to join with Prosperity to expand the scope of services available to our clients and to share knowledge, data and processes across our combined team." Prosperity CEO, Greg Keilin, said, "We are always on the lookout for opportunities to partner with like-minded companies seeking to provide best-in-class service to clients. We are thrilled to be joining forces with Vertex to improve the quality and availability of critical business support services and to serve behavioral and mental healthcare providers throughout their organizational lifecycle." About Prosperity Behavioral Health Based in Cherry Hill, New Jersey, Prosperity Behavioral Health is a leading provider of financial solutions to mental and behavioral health facilities. With more than 20 years of combined experience in behavioral health, our leadership team encompasses expertise in revenue cycle management (billing, collections, and UR), financial analysis and reporting, corporate strategy and M&A, and back-office operations. We tailor client engagements on a "teach or do" model (consulting or outsourced services) depending on their unique requirements. Transparency, accountability, and communication are the core tenets of our mission - to provide more value than we receive in payment. We invite you to learn more about us atprosperitybh.com About Vertex Healthcare Services Based in Costa Mesa, California, Vertex Healthcare Services provides industry-leading services in all facets of the revenue cycle management process, with a reputation for excellence in utilization review for behavioral health facilities. Expertise, experience, and an unparalleled passion for client results define our mission and purpose. We believe that the best systems and the best services produce the best outcomes. For more information, please visitvertexbilling.com For More Information:Marty Gadzinowski(856) 301-2522[emailprotected] SOURCE Prosperity Behavioral Health

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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: KANSAS CITY, Mo., March 3, 2021 /PRNewswire/ --A consortium of leading retirement firms that includes American Century Investments, Lincoln Financial Group, Nationwide, Prime Capital Investment Advisors, SS&C Technologies, Wilmington Trust, N.A. and Wilshire today announced the launch of a new in-plan target date series with guaranteed income* for life designed to help retirement plan participants transition from the accumulation phase of retirement investing to the decumulation stage. Called "Income AmericaTM 5ForLife," this new solution, which is designed to be used as a plan's Qualified Default Investment Alternative (QDIA), strives to address one of the most pressing issues for those at or near retirement: the need for guaranteed monthly retirement income. American workers see great value in products that provide guaranteed income in retirement, according to participants in a consumer study on this topic1. More than seven in 10 surveyed said they would use a guaranteed income product if offered in their employer-sponsored retirement plan. The same number said these solutions would make it easier to budget their money in retirement, and they would feel more confident in preparing for retirement. Plan participants are also focused on protecting their savings from market volatility as a result of the financial impacts of COVID-19, half of retirement savers are more concerned about future market volatility than they were before the pandemic2. "Working together with our retirement industry partners, we developed the 'Income America' consortium to offer a defined contribution solution that helps plan participants concerned about outliving the money they've set aside for retirement," said American Century Investments President and Chief Executive Officer Jonathan Thomas. "Our recent 2020 Retirement Plan Participant study indicates that more than 80 percent of participants would keep their assets in their retirement plan if they had an income option. We believe Income America provides an innovative approach to helping more people achieve a successful and comfortable retirement." How Income America WorksIncome America is a series of portfolios built on a target date glide path designed by American Century and held in a portable, non-proprietary, multi-manager Collective Investment Trust (CIT). It is available as both a traditional series of target date portfolios, Income America, and as a companion series of target date portfolios with an in-plan Guaranteed Lifetime Withdrawal Benefit (GLWB), known as Income America 5ForLife. Either series can be used as a plan's QDIA. The pricing power of the consortium firms allows Income America to deliver a cost-effective Collective Investment Trust vehicle, resulting in lower fees for participants. Income America 5ForLife is designed to be SECURE Act-compliant and to meet ERISA 404 and 3(38) fiduciary requirements, relieving plan sponsors of liability for the screening of GLWB providers, fund managers, stable value managers and glide path managers.Both Income America series are competitively priced and Income America 5ForLife is portable among major recordkeepers where Income America 5ForLife is available. Both series are fully liquid, and participants can withdraw their Income America account balance from the series at any time without penalty. "By partnering on this important new solution, we look forward to continuing to help retirement plan participants not just understand how to save for the retirement they envision, but help them take those savings and translate them into a monthly check that will last through retirement," said Jamie Ohl, Executive Vice President, President, Workplace Solutions, Head of Life & Annuity Operations, Lincoln Financial Group. "As more Americans rely on their workplace retirement plan as their primary savings vehicle, it is more important than ever that we focus on the outcomes that will help them build financial security because in planning for retirement, the ultimate outcome is income." By offering Income America 5ForLife in their retirement plan, employers can help ensure their employees will have access to a protected, guaranteed stream of income in retirement, giving them more confidence in their financial futures. When a plan participant moves accumulated retirement assets to Income America 5ForLife, the initial value of the account plus ongoing contributions (less withdrawals) establish an "income base" on which an annual five percent guaranteed lifetime payment will be based once the income feature is activated when the participant reaches age 65 or older. If the market value of the participant's account has appreciated and is more than the sum of net contributions at age 65, the income base will "step up" to the higher market value amount (a one-time event) when the participant turns age 65. Alternatively, if the market value of the account at age 65 is lower than the amount of net contributions to date, the income base that determines the payout amount will remain set at the net contribution level. A joint option is also available but will lower the payout percentage. "Income America 5ForLife is the latest solution that leverages our expertise as a top distributor of retirement plans and a leading insurer of in-plan guarantees, to provide plan sponsors and their participants with a simple, low cost, portable solution to meet their retirement income needs," said Eric Henderson, president of Nationwide Annuity. "According to Nationwide's recent Advisor Authority study, demand is strong, with two-thirds of Millennial investors and Gen X investors indicating they are likely to incorporate in-plan guarantees within their qualified retirement plans." Prime Capital Investment Advisors Chairman Scott Colangelo said, "We are honored to consult with this diverse group ofcontributors on the initial product design. Given the strong interest in these solutions, we expect advisors and plan participants to gravitate toward Income America's unique offering." Consortium Member Roles and Responsibilities American Century Investments: Target date glide path provider and underlying fund manager; firm's glide path is designed to provide greater certainty of outcomes for a broader number of participants Lincoln Financial Group and Nationwide: Stable value fund management; recordkeeping platform providers; guaranteed income providers with S&P life insurance company ratings of A or better Prime Capital Investment Advisors: Product consultant responsible for product design, including sourcing consortium partners and providing the investment universe for Income America 5ForLife In addition to the primary consortium participants, other prominent retirement industry firms involved with Income America include: Fidelity Investments, Vanguard, and Prudential: Serve as underlying fund managers SS&C Technologies: Provides the Retirement Income Clearing and Calculation Platform (RICC), a middleware application designed to facilitate the efficient distribution and servicing of in-plan guaranteed income products across various recordkeepers and participating insurers Wilmington Trust: Serves as trustee of the collective investment trust and ERISA 3(38) investment manager fiduciary Wilshire: Investment advisor fiduciary under ERISA 3(21) responsible for recommending the glide path manager, GLWB providers, underlying fund products and stable value offerings to the trustee from an investment universe selected by the product consultant for each category MEDIA CONTACTS:American Century: Laura Kouri, [emailprotected], 816-516-7729Lincoln Financial Group: Lucy MacNichol, [emailprotected], 484-655-4410Nationwide: Deborah Newman, [emailprotected], 502-587-3858Prime Capital Investment Advisors: Karyn Baldwin, [emailprotected], 610-909-1789 About American Century InvestmentsAmerican Century Investments is a leading global asset manager focused on delivering investment results and building long-term client relationships while supporting research that can improve human health and save lives. Founded in 1958, American Century Investments' 1,400 employees serve financial professionals, institutions, corporations and individual investors from offices in New York; London; Hong Kong; Frankfurt; Sydney; Los Angeles; Mountain View, Calif.; and Kansas City, Mo. Jonathan S. Thomas is president and chief executive officer, and Victor Zhang serves as chief investment officer. Delivering investment results to clients enables American Century Investments to distribute over 40 percent of its dividends to the Stowers Institute for Medical Research, a 500-person, non-profit basic biomedical research organization. The Institute owns more than 40 percent of American Century Investments and has received dividend payments of $1.7 billion since 2000. For more information about American Century Investments, visit www.americancentury.com. About Lincoln Financial GroupLincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, and guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. The company had $303 billion in end-of-period account values as of December 31, 2020. Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and FTSE4Good. Dedicated to diversity and inclusion, we earned perfect 100 percent scores on the Corporate Equality Index and the Disability Equality Index, and rank among Forbes' World's Best Employers, Best Large Employers, Best Employers for Diversity, and Best Employers for Women, and Newsweek's Most Responsible Companies. Learn more at:www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email alerts at http://newsroom.lfg.com. About NationwideNationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by both A.M. Best and Standard & Poor's. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visitwww.nationwide.com. Follow the firm onFacebookandTwitter. About Prime Capital Investment AdvisorsPrime Capital Investment Advisors provides a client-centric team approach to full-service financial planning, including fee-based asset management and wealth management through its Prime Capital Wealth Management brand. PCIA currently has 26 locations throughout the United States, with investment advisor representatives serving clients across the nation. Advisory services offered through Prime Capital Investment Advisors, LLC. ("PCIA"), a Registered Investment Adviser. For more information, visitwww.pciawealth.com. About SS&C TechnologiesSS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology. About WilshireWilshire Advisors LLC is a leading global investment technology and advisory company, dedicated to improving outcomes for investors worldwide. Founded in 1972, Wilshire advises on over $1.1 trillion in assets and manages $76 billion in assets. Specializing in innovative investment solutions, consulting services and multi-asset analytics, Wilshire serves more than 500 institutional and intermediary clients worldwide, delivering a high quality, coordinated platform of client-centric investment solutions that leverage the entire firm's resources to the maximum benefit of our clients. More information on Wilshire can be found at www.wilshire.com. About Wilmington TrustWilmington Trust, N.A. provides corporate and institution services including institutional trustee, retirement plan, agency, asset management, and administrative services for clients worldwide who use capital markets financing structures. Wilmington Trust provides directed trustee, custody, and fiduciary services for retirement plans, companies, foundations, organizations, and financial institutions. Wilmington Trust also provides Wealth Advisory services with a wide array of personal trust, financial planning, fiduciary, asset management, and family office solutions designed to help high-net-worth individuals and families grow, preserve and transfer wealth. Wilmington Trust maintains offices throughout the United States and internationally in London, Paris, Dublin, and Frankfurt. For more information, visit www.WilmingtonTrust.com. *Guarantees are subject to the claims-paying ability of the issuing companies. The income guarantee is based on the income base at age 65, which is set to the greater of the market value or total contributions (less withdrawals) to date. The market value of the account is never guaranteed and fluctuates based on investment performance. While the market value of the account can be withdrawn at any time without any fees or penalties, doing so will cause the loss of the income guarantee. American Century Investments provides underlying sub-asset class and target date glide path management as well as marketing support for Income America. www.incomeamerica.com2021 Income America, LLC 1 Consumer Opinions on In-Plan Guaranteed Income Investment Options, Lincoln Financial COVID-19 Sentiment Tracking Study, September 20202 Lincoln Financial & CivicScience Protection Survey. Data gathered by CivicScience: 6/18/2020 6/25/2020 SOURCE American Century Investments Related Links https://www.incomeamerica.com/ Answer:

Leading Retirement Firms Launch "Income America" With In-Plan Target Date Series And A Lifetime Income Guarantee

KANSAS CITY, Mo., March 3, 2021 /PRNewswire/ --A consortium of leading retirement firms that includes American Century Investments, Lincoln Financial Group, Nationwide, Prime Capital Investment Advisors, SS&C Technologies, Wilmington Trust, N.A. and Wilshire today announced the launch of a new in-plan target date series with guaranteed income* for life designed to help retirement plan participants transition from the accumulation phase of retirement investing to the decumulation stage. Called "Income AmericaTM 5ForLife," this new solution, which is designed to be used as a plan's Qualified Default Investment Alternative (QDIA), strives to address one of the most pressing issues for those at or near retirement: the need for guaranteed monthly retirement income. American workers see great value in products that provide guaranteed income in retirement, according to participants in a consumer study on this topic1. More than seven in 10 surveyed said they would use a guaranteed income product if offered in their employer-sponsored retirement plan. The same number said these solutions would make it easier to budget their money in retirement, and they would feel more confident in preparing for retirement. Plan participants are also focused on protecting their savings from market volatility as a result of the financial impacts of COVID-19, half of retirement savers are more concerned about future market volatility than they were before the pandemic2. "Working together with our retirement industry partners, we developed the 'Income America' consortium to offer a defined contribution solution that helps plan participants concerned about outliving the money they've set aside for retirement," said American Century Investments President and Chief Executive Officer Jonathan Thomas. "Our recent 2020 Retirement Plan Participant study indicates that more than 80 percent of participants would keep their assets in their retirement plan if they had an income option. We believe Income America provides an innovative approach to helping more people achieve a successful and comfortable retirement." How Income America WorksIncome America is a series of portfolios built on a target date glide path designed by American Century and held in a portable, non-proprietary, multi-manager Collective Investment Trust (CIT). It is available as both a traditional series of target date portfolios, Income America, and as a companion series of target date portfolios with an in-plan Guaranteed Lifetime Withdrawal Benefit (GLWB), known as Income America 5ForLife. Either series can be used as a plan's QDIA. The pricing power of the consortium firms allows Income America to deliver a cost-effective Collective Investment Trust vehicle, resulting in lower fees for participants. Income America 5ForLife is designed to be SECURE Act-compliant and to meet ERISA 404 and 3(38) fiduciary requirements, relieving plan sponsors of liability for the screening of GLWB providers, fund managers, stable value managers and glide path managers.Both Income America series are competitively priced and Income America 5ForLife is portable among major recordkeepers where Income America 5ForLife is available. Both series are fully liquid, and participants can withdraw their Income America account balance from the series at any time without penalty. "By partnering on this important new solution, we look forward to continuing to help retirement plan participants not just understand how to save for the retirement they envision, but help them take those savings and translate them into a monthly check that will last through retirement," said Jamie Ohl, Executive Vice President, President, Workplace Solutions, Head of Life & Annuity Operations, Lincoln Financial Group. "As more Americans rely on their workplace retirement plan as their primary savings vehicle, it is more important than ever that we focus on the outcomes that will help them build financial security because in planning for retirement, the ultimate outcome is income." By offering Income America 5ForLife in their retirement plan, employers can help ensure their employees will have access to a protected, guaranteed stream of income in retirement, giving them more confidence in their financial futures. When a plan participant moves accumulated retirement assets to Income America 5ForLife, the initial value of the account plus ongoing contributions (less withdrawals) establish an "income base" on which an annual five percent guaranteed lifetime payment will be based once the income feature is activated when the participant reaches age 65 or older. If the market value of the participant's account has appreciated and is more than the sum of net contributions at age 65, the income base will "step up" to the higher market value amount (a one-time event) when the participant turns age 65. Alternatively, if the market value of the account at age 65 is lower than the amount of net contributions to date, the income base that determines the payout amount will remain set at the net contribution level. A joint option is also available but will lower the payout percentage. "Income America 5ForLife is the latest solution that leverages our expertise as a top distributor of retirement plans and a leading insurer of in-plan guarantees, to provide plan sponsors and their participants with a simple, low cost, portable solution to meet their retirement income needs," said Eric Henderson, president of Nationwide Annuity. "According to Nationwide's recent Advisor Authority study, demand is strong, with two-thirds of Millennial investors and Gen X investors indicating they are likely to incorporate in-plan guarantees within their qualified retirement plans." Prime Capital Investment Advisors Chairman Scott Colangelo said, "We are honored to consult with this diverse group ofcontributors on the initial product design. Given the strong interest in these solutions, we expect advisors and plan participants to gravitate toward Income America's unique offering." Consortium Member Roles and Responsibilities American Century Investments: Target date glide path provider and underlying fund manager; firm's glide path is designed to provide greater certainty of outcomes for a broader number of participants Lincoln Financial Group and Nationwide: Stable value fund management; recordkeeping platform providers; guaranteed income providers with S&P life insurance company ratings of A or better Prime Capital Investment Advisors: Product consultant responsible for product design, including sourcing consortium partners and providing the investment universe for Income America 5ForLife In addition to the primary consortium participants, other prominent retirement industry firms involved with Income America include: Fidelity Investments, Vanguard, and Prudential: Serve as underlying fund managers SS&C Technologies: Provides the Retirement Income Clearing and Calculation Platform (RICC), a middleware application designed to facilitate the efficient distribution and servicing of in-plan guaranteed income products across various recordkeepers and participating insurers Wilmington Trust: Serves as trustee of the collective investment trust and ERISA 3(38) investment manager fiduciary Wilshire: Investment advisor fiduciary under ERISA 3(21) responsible for recommending the glide path manager, GLWB providers, underlying fund products and stable value offerings to the trustee from an investment universe selected by the product consultant for each category MEDIA CONTACTS:American Century: Laura Kouri, [emailprotected], 816-516-7729Lincoln Financial Group: Lucy MacNichol, [emailprotected], 484-655-4410Nationwide: Deborah Newman, [emailprotected], 502-587-3858Prime Capital Investment Advisors: Karyn Baldwin, [emailprotected], 610-909-1789 About American Century InvestmentsAmerican Century Investments is a leading global asset manager focused on delivering investment results and building long-term client relationships while supporting research that can improve human health and save lives. Founded in 1958, American Century Investments' 1,400 employees serve financial professionals, institutions, corporations and individual investors from offices in New York; London; Hong Kong; Frankfurt; Sydney; Los Angeles; Mountain View, Calif.; and Kansas City, Mo. Jonathan S. Thomas is president and chief executive officer, and Victor Zhang serves as chief investment officer. Delivering investment results to clients enables American Century Investments to distribute over 40 percent of its dividends to the Stowers Institute for Medical Research, a 500-person, non-profit basic biomedical research organization. The Institute owns more than 40 percent of American Century Investments and has received dividend payments of $1.7 billion since 2000. For more information about American Century Investments, visit www.americancentury.com. About Lincoln Financial GroupLincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, and guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. The company had $303 billion in end-of-period account values as of December 31, 2020. Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and FTSE4Good. Dedicated to diversity and inclusion, we earned perfect 100 percent scores on the Corporate Equality Index and the Disability Equality Index, and rank among Forbes' World's Best Employers, Best Large Employers, Best Employers for Diversity, and Best Employers for Women, and Newsweek's Most Responsible Companies. Learn more at:www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email alerts at http://newsroom.lfg.com. About NationwideNationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by both A.M. Best and Standard & Poor's. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visitwww.nationwide.com. Follow the firm onFacebookandTwitter. About Prime Capital Investment AdvisorsPrime Capital Investment Advisors provides a client-centric team approach to full-service financial planning, including fee-based asset management and wealth management through its Prime Capital Wealth Management brand. PCIA currently has 26 locations throughout the United States, with investment advisor representatives serving clients across the nation. Advisory services offered through Prime Capital Investment Advisors, LLC. ("PCIA"), a Registered Investment Adviser. For more information, visitwww.pciawealth.com. About SS&C TechnologiesSS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology. About WilshireWilshire Advisors LLC is a leading global investment technology and advisory company, dedicated to improving outcomes for investors worldwide. Founded in 1972, Wilshire advises on over $1.1 trillion in assets and manages $76 billion in assets. Specializing in innovative investment solutions, consulting services and multi-asset analytics, Wilshire serves more than 500 institutional and intermediary clients worldwide, delivering a high quality, coordinated platform of client-centric investment solutions that leverage the entire firm's resources to the maximum benefit of our clients. More information on Wilshire can be found at www.wilshire.com. About Wilmington TrustWilmington Trust, N.A. provides corporate and institution services including institutional trustee, retirement plan, agency, asset management, and administrative services for clients worldwide who use capital markets financing structures. Wilmington Trust provides directed trustee, custody, and fiduciary services for retirement plans, companies, foundations, organizations, and financial institutions. Wilmington Trust also provides Wealth Advisory services with a wide array of personal trust, financial planning, fiduciary, asset management, and family office solutions designed to help high-net-worth individuals and families grow, preserve and transfer wealth. Wilmington Trust maintains offices throughout the United States and internationally in London, Paris, Dublin, and Frankfurt. For more information, visit www.WilmingtonTrust.com. *Guarantees are subject to the claims-paying ability of the issuing companies. The income guarantee is based on the income base at age 65, which is set to the greater of the market value or total contributions (less withdrawals) to date. The market value of the account is never guaranteed and fluctuates based on investment performance. While the market value of the account can be withdrawn at any time without any fees or penalties, doing so will cause the loss of the income guarantee. American Century Investments provides underlying sub-asset class and target date glide path management as well as marketing support for Income America. www.incomeamerica.com2021 Income America, LLC 1 Consumer Opinions on In-Plan Guaranteed Income Investment Options, Lincoln Financial COVID-19 Sentiment Tracking Study, September 20202 Lincoln Financial & CivicScience Protection Survey. Data gathered by CivicScience: 6/18/2020 6/25/2020 SOURCE American Century Investments Related Links https://www.incomeamerica.com/

edtsum1074

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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. 28, 2021 /PRNewswire/ -- At a time when trust in the media is at an all-time low, a new year-over-year trend report confirms that publishers must focus on delivering relevant, personalized content to subscribers in order to differentiate themselves as trustworthy amid a sea of suspect content sources. In fact, delivering personalized content is critical for bolstering trust in the publisher, driving higher audience engagement and ad revenue, which makes having the ability to send automated, personalized messages a key factor for business growth. The data is part of PowerInbox's new 2021 Digital Publishing Industry Report: 4 Audience Trends Publishers Can't Ignore. The year-over-year comparison looks at the role of personalization and trust in driving subscriptions and engagement over digital channels like email, push notifications and messaging platforms, and it confirms that consistently delivering relevant content is critical for revenue growth. "After three years of gathering this audience data, it's clear that publishers have an opportunity to engage audiences more, but it has to be done in a way that serves subscribers' needs," said PowerInbox CEO Jeff Kupietzky. "That means precise personalization is absolutely critical, and publishers must implement automated tools to deliver exactly the content subscribers want at scale in order to maintain trust and engagement." The report compares three years' worth of audience data and uncovers key trends publishers can leverage to drive higher engagement and revenue: Trust in the publisher has shot up 8% as the #1 reason people read and engage with email newsletters. Once that trust is established, audiences are more likely to also subscribe to publisher messages sent via other channels like push notifications. Twice as many consumers want to receive push notifications, now up to 53% compared to just 27% a year ago. Audiences increasingly expect to see ads across all channels, recognizing that quality content isn't free and seeing ads is a price they're willing to pay. Trust drives revenue, with more consumers than ever who say they're willing to click on ads when they trust the publisher. Kupietzy says that since social media is the least trusted source of information, publishers must focus on connecting with subscribers over channels they own and controlnamely email and push notifications. "With trust playing such a huge role in the audience relationship, publishers have to reduce their reliance on third-parties like social and search in order to build and maintain credibility with subscribers and avoid losing money to referral traffic sources," he said. "This data proves that engaging subscribers with personalized content over owned, trusted channels like email and push is the key to revenue growth." To read the full insights and download the complete The Digital Publishing Industry Report, visit: https://go.powerinbox.com/2021-digital-publishing-industry-report The trend report is just a preview of some of the data PowerInbox uncovered in its most recent survey aimed at surfacing insights publishers can use to increase audience engagement and revenue. Stay tuned to 2021 Digital Publishing Industry Report for more updates and new analysis to help publishers make smart decisions in 2021. The research was conducted by Mantis Research, polling 1,000 U.S. consumers in November 2020. For more information about PowerInbox's personalized, automated messaging platform for publishers, visit www.powerinbox.com. About PowerInbox PowerInbox provides personalized, automated and multichannel messaging solutions allowing publishers to drive new revenue with personalized audience engagement. With PowerInbox, publishers can better own and optimize their audiences focusing on automated, cross-channel messaging tailored to audience interest, easily managed and supported by a dynamic messaging platform. Venture backed, PowerInbox supports 150 million unique users a month from over 650 leading publishers including VICE Media, The Atlantic, Bonnier, Salem Web Network, Crain's, HarperCollins and Vox Media. For more information about PowerInbox, visitwww.powerinbox.com. Media Contact: Gabrielle DePietro[emailprotected] 484-886-9554 SOURCE PowerInbox Related Links https://www.powerinbox.com/ Answer:

New Consumer Trend Report Shows Publishers Must Differentiate with Personalized, Relevant Content to Maintain Audience Trust New PowerInbox Research Shows Trust Remains a Key Driver in Audience Engagement & Revenue; Publishers Must Master Content Personalization at Scale to Stand Out from the Crowd

NEW YORK, Jan. 28, 2021 /PRNewswire/ -- At a time when trust in the media is at an all-time low, a new year-over-year trend report confirms that publishers must focus on delivering relevant, personalized content to subscribers in order to differentiate themselves as trustworthy amid a sea of suspect content sources. In fact, delivering personalized content is critical for bolstering trust in the publisher, driving higher audience engagement and ad revenue, which makes having the ability to send automated, personalized messages a key factor for business growth. The data is part of PowerInbox's new 2021 Digital Publishing Industry Report: 4 Audience Trends Publishers Can't Ignore. The year-over-year comparison looks at the role of personalization and trust in driving subscriptions and engagement over digital channels like email, push notifications and messaging platforms, and it confirms that consistently delivering relevant content is critical for revenue growth. "After three years of gathering this audience data, it's clear that publishers have an opportunity to engage audiences more, but it has to be done in a way that serves subscribers' needs," said PowerInbox CEO Jeff Kupietzky. "That means precise personalization is absolutely critical, and publishers must implement automated tools to deliver exactly the content subscribers want at scale in order to maintain trust and engagement." The report compares three years' worth of audience data and uncovers key trends publishers can leverage to drive higher engagement and revenue: Trust in the publisher has shot up 8% as the #1 reason people read and engage with email newsletters. Once that trust is established, audiences are more likely to also subscribe to publisher messages sent via other channels like push notifications. Twice as many consumers want to receive push notifications, now up to 53% compared to just 27% a year ago. Audiences increasingly expect to see ads across all channels, recognizing that quality content isn't free and seeing ads is a price they're willing to pay. Trust drives revenue, with more consumers than ever who say they're willing to click on ads when they trust the publisher. Kupietzy says that since social media is the least trusted source of information, publishers must focus on connecting with subscribers over channels they own and controlnamely email and push notifications. "With trust playing such a huge role in the audience relationship, publishers have to reduce their reliance on third-parties like social and search in order to build and maintain credibility with subscribers and avoid losing money to referral traffic sources," he said. "This data proves that engaging subscribers with personalized content over owned, trusted channels like email and push is the key to revenue growth." To read the full insights and download the complete The Digital Publishing Industry Report, visit: https://go.powerinbox.com/2021-digital-publishing-industry-report The trend report is just a preview of some of the data PowerInbox uncovered in its most recent survey aimed at surfacing insights publishers can use to increase audience engagement and revenue. Stay tuned to 2021 Digital Publishing Industry Report for more updates and new analysis to help publishers make smart decisions in 2021. The research was conducted by Mantis Research, polling 1,000 U.S. consumers in November 2020. For more information about PowerInbox's personalized, automated messaging platform for publishers, visit www.powerinbox.com. About PowerInbox PowerInbox provides personalized, automated and multichannel messaging solutions allowing publishers to drive new revenue with personalized audience engagement. With PowerInbox, publishers can better own and optimize their audiences focusing on automated, cross-channel messaging tailored to audience interest, easily managed and supported by a dynamic messaging platform. Venture backed, PowerInbox supports 150 million unique users a month from over 650 leading publishers including VICE Media, The Atlantic, Bonnier, Salem Web Network, Crain's, HarperCollins and Vox Media. For more information about PowerInbox, visitwww.powerinbox.com. Media Contact: Gabrielle DePietro[emailprotected] 484-886-9554 SOURCE PowerInbox Related Links https://www.powerinbox.com/

edtsum1075

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 and NOIDA, India, Nov. 30,2020 /PRNewswire/ --PGi, a virtual events and meetings company, today announced an agreement with HCL Technologies Ltd (HCL), a leading global technology company, toinvest in feature roadmap and accelerate PGi's go-to-market strategy behind GlobalMeet Collaboration, a video conference and virtual meeting solution.HCL's investment in R&D will enable PGi to focus on offering global service providers private-labeled collaboration options that leverage network assets, create new carrier revenue streams, and improve customer retention. Built to enable seamless video conferencing and collaborationwith the most advanced features in the industry, GlobalMeet Collaboration is one of the few carrier-grade video meeting options that improve how people, teams, and enterprises collaborate worldwide. To position GlobalMeet Collaboration with carriers and service providers, PGi is working with HCL to provide additional research and development (R&D), including technologies such as AI, and support functions to its virtual meeting platform. "Collaboration and virtual meeting technology have quickly transformed from optional to mandatory," said Rick Mace, PGi CEO. "In the post COVID environment, carriers understand that all of their customers are buying collaboration tools with or without them. With PGi and HCL, carriers can private-labelour video conference and virtual meetings as part of their larger portfolio to provide additional value-added collaboration solutions to their customers." "By adding the power of HCL's research and development capabilities and customer support functions to PGi's GlobalMeet Collaboration, we have built in the features and global reach to meet the needs of the modern carrier," said Sukamal Banerjee, Corporate Vice President, ERX and IoT WoRKS, HCL Technologies. "Video and virtual meetings will continue to be a business driver for global service providers, and this offering will be a competitive differentiator." HCL's scale and global reach combined with PGi's nearly 30-year history in the collaboration business make this an ideal alliance to serve the carrier market. HCL has a rich history of innovation, spanning countless industries and 50 countries. PGi brings nearly 30 years of continual innovation in the collaboration market to address the challenges workers and companies face as connecting and collaborating continues to evolve. About Premiere Global Services, Inc. | PGi PGi provides businesses with secure, professional technology that inspires and connects audiences worldwide. Through its cloud-based and feature-rich video conferencing and webcast technology, PGi empowers virtual events that enable the future of work.To learn more visitpgi.com, or follow PGi onLinkedIn,Twitter, andFacebook. About HCL Technologies HCL Technologies (HCL) empowers global enterprises with technology for the next decade today. HCL's Mode 1-2-3 strategy through its deep-domain industry expertise, customer-centricity and entrepreneurial culture of ideapreneurship enables businesses transform into next-gen enterprises. HCL offers its services and products through three business units - IT and Business Services (ITBS), Engineering and R&D Services (ERS) and Products & Platforms (P&P). ITBS enables global enterprises to transform their businesses through offerings in areas of Applications, Infrastructure, Digital Process Operations and next generational digital transformation solutions. ERS offers engineering services and solutions in all aspects of product development and platform engineering while under P&P, HCL provides modernized software products to global clients for their technology and industry specific requirements. Through its cutting-edge co-innovation labs, global delivery capabilities and broad global network, HCL delivers holistic services in various industry verticals, categorized under Financial Services, Manufacturing, Technology & Services, Telecom & Media, Retail & CPG, Life Sciences & Healthcare and Public Services. As a leading global technology company, HCL takes pride in its diversity, social responsibility, sustainability and education initiatives. As of 12 months ended June 30, 2020, HCL has a consolidated revenue of US $9.93 billion and its 150,287 ideapreneurs operate out of 49 countries. For more information, visithttps://www.hcltech.com/. Contact: Sara Pilling, [emailprotected] SOURCE PGi Related Links www.pgi.com Answer:

PGi and HCL Technologies Join Forces for Carrier-Grade Video and Meeting Capabilities Expansion of GlobalMeet Collaboration Will Provide Global Service Providers With a Powerful Virtual Meeting Platform

ATLANTA and NOIDA, India, Nov. 30,2020 /PRNewswire/ --PGi, a virtual events and meetings company, today announced an agreement with HCL Technologies Ltd (HCL), a leading global technology company, toinvest in feature roadmap and accelerate PGi's go-to-market strategy behind GlobalMeet Collaboration, a video conference and virtual meeting solution.HCL's investment in R&D will enable PGi to focus on offering global service providers private-labeled collaboration options that leverage network assets, create new carrier revenue streams, and improve customer retention. Built to enable seamless video conferencing and collaborationwith the most advanced features in the industry, GlobalMeet Collaboration is one of the few carrier-grade video meeting options that improve how people, teams, and enterprises collaborate worldwide. To position GlobalMeet Collaboration with carriers and service providers, PGi is working with HCL to provide additional research and development (R&D), including technologies such as AI, and support functions to its virtual meeting platform. "Collaboration and virtual meeting technology have quickly transformed from optional to mandatory," said Rick Mace, PGi CEO. "In the post COVID environment, carriers understand that all of their customers are buying collaboration tools with or without them. With PGi and HCL, carriers can private-labelour video conference and virtual meetings as part of their larger portfolio to provide additional value-added collaboration solutions to their customers." "By adding the power of HCL's research and development capabilities and customer support functions to PGi's GlobalMeet Collaboration, we have built in the features and global reach to meet the needs of the modern carrier," said Sukamal Banerjee, Corporate Vice President, ERX and IoT WoRKS, HCL Technologies. "Video and virtual meetings will continue to be a business driver for global service providers, and this offering will be a competitive differentiator." HCL's scale and global reach combined with PGi's nearly 30-year history in the collaboration business make this an ideal alliance to serve the carrier market. HCL has a rich history of innovation, spanning countless industries and 50 countries. PGi brings nearly 30 years of continual innovation in the collaboration market to address the challenges workers and companies face as connecting and collaborating continues to evolve. About Premiere Global Services, Inc. | PGi PGi provides businesses with secure, professional technology that inspires and connects audiences worldwide. Through its cloud-based and feature-rich video conferencing and webcast technology, PGi empowers virtual events that enable the future of work.To learn more visitpgi.com, or follow PGi onLinkedIn,Twitter, andFacebook. About HCL Technologies HCL Technologies (HCL) empowers global enterprises with technology for the next decade today. HCL's Mode 1-2-3 strategy through its deep-domain industry expertise, customer-centricity and entrepreneurial culture of ideapreneurship enables businesses transform into next-gen enterprises. HCL offers its services and products through three business units - IT and Business Services (ITBS), Engineering and R&D Services (ERS) and Products & Platforms (P&P). ITBS enables global enterprises to transform their businesses through offerings in areas of Applications, Infrastructure, Digital Process Operations and next generational digital transformation solutions. ERS offers engineering services and solutions in all aspects of product development and platform engineering while under P&P, HCL provides modernized software products to global clients for their technology and industry specific requirements. Through its cutting-edge co-innovation labs, global delivery capabilities and broad global network, HCL delivers holistic services in various industry verticals, categorized under Financial Services, Manufacturing, Technology & Services, Telecom & Media, Retail & CPG, Life Sciences & Healthcare and Public Services. As a leading global technology company, HCL takes pride in its diversity, social responsibility, sustainability and education initiatives. As of 12 months ended June 30, 2020, HCL has a consolidated revenue of US $9.93 billion and its 150,287 ideapreneurs operate out of 49 countries. For more information, visithttps://www.hcltech.com/. Contact: Sara Pilling, [emailprotected] SOURCE PGi Related Links www.pgi.com

edtsum1084

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: QUARTEIRA, Portugal, March 11, 2021 /PRNewswire/ -- Time is running out if you're planning to buy a Portugal property at historically low interest rates and want to enjoy residency benefits like free healthcare through the country's Golden Visa program, according to Ideal Homes International president Chris White.The program ends December 31. Combined with Portugal's low interest rates of 0.6 percent, 40-year mortgages, lower property taxes and values compared to North American standards, ownership is extremely attractive. It makes early retirement a reality. Continue Reading Ideal Homes International has many properties throughout Portugal, including the Dona Maria II Residences. The five-star development has a spa, indoor and outdoor pools with ocean views. "We have a couple that bought a place and meet them every April to pack up their things so they can travel Europe for 14 weeks. When they come back in October, they can live off the 25,000 rental income we made for them," said Ideal Homes International president Chris White. "You could buy a two-bedroom apartment in Portugal's popular tourist eastern Algarve region for 179,000. If you rent it out, it's possible to make about 1,200 a month after paying the estimated 400 mortgage payment with a 20 percent down," said White. Mortgage rates can also be fixed at 1.5 percent per year to protect against any future increases. Ideal Homes International has many properties throughout Portugal, including the Dona Maria II Residences. The five-star development has a spa, indoor and outdoor pools with ocean views. The Algarve region is about a 2.5-hour drive from Lisbon on Portugal's southern coast. Its 120-mile coastline is extremely popular and the population of 700,000 swells to about eight million tourists in the summer, all looking for accommodations. Besides selling, Ideal Homes International also manages and rents out properties for clients. They're already 96 percent booked for the upcoming May-to-September peak season in the Algarve. Ideal Homes International has a staff of 30 and manages 150 properties for clients with a management fee of 1200 for the year and a 12 percent commission."You could rent out an apartment for 30 weeks and possibly make 30,000 a year to pay-off your down payment within three years. This is extremely attractive, especially to North American couples planning a retirement in a few years," said White. When you retire, you could rent it out for six months and visit the grandchildren back in North America or travel the world. When you're back, you can live off the rental income and enjoy the nice climate and friendly people of Portugal."We have a couple that bought a place and meet them every April to pack up their things so they can travel Europe for 14 weeks. When they come back in October, they can live off the 25,000 rental income we made for them," said White.Rental income varies from 900 in April to 2,000 euros during the peak season. It's less expensive per person for renters than staying at hotels, so there's a demand. "The lifestyle in Portugal is catered towards retirees. Everyone speaks English in the Algarve. Clients are always amazed when they switch on the TV or go to the cinema and everything is in English," said White. An American family bought one of his company's properties and saved on their daughter's $30,000 annual medical bills because of the free healthcare in the country. There are also good schools. Portugal's Golden Visa program started in 2012 to reboot the economy after the financial crisis of 2008. It has been a huge success by boosting the economy by bringing in foreign investment and allows the benefits of residency through property ownership.It was originally scheduled to end in July but COVID has slowed the economy, so the government has extended the program. With it, individuals can apply for citizenship after five years without actually living there. It's your passport for you and your family to work and visit European countries. Investors can gain residency through the Golden Visa Program by buying a property in the Algarve for as little as 400,000 or 280,000."Another good reason to buy real estate in Portugal is its low property tax compared to North America. The average home pays about 500 a year. However, there's an eight percent real estate transaction tax in the country," said White.For further information, on properties in Portugal, you can review the Ideal Homes International website or YouTube Channel. Chris White can be contacted at +351 289 513 434 or [emailprotected] for more information or to schedule an interview.FOR FURTHER INFORMATION:Chris WhitePresidentIdeal Homes InternationalQuarteira, Portugal+351 289 513 434[emailprotected]SOURCE Ideal Homes International Related Links http://www.idealhomesportugal.com Answer:

End of Year Deadline Quickly Approaches to Buy Portugal Properties to Enjoy Golden Visa Benefits Like Free Healthcare Ideal Homes International makes it easy for Americans to buy and rent out Portugal properties for retirement income.

QUARTEIRA, Portugal, March 11, 2021 /PRNewswire/ -- Time is running out if you're planning to buy a Portugal property at historically low interest rates and want to enjoy residency benefits like free healthcare through the country's Golden Visa program, according to Ideal Homes International president Chris White.The program ends December 31. Combined with Portugal's low interest rates of 0.6 percent, 40-year mortgages, lower property taxes and values compared to North American standards, ownership is extremely attractive. It makes early retirement a reality. Continue Reading Ideal Homes International has many properties throughout Portugal, including the Dona Maria II Residences. The five-star development has a spa, indoor and outdoor pools with ocean views. "We have a couple that bought a place and meet them every April to pack up their things so they can travel Europe for 14 weeks. When they come back in October, they can live off the 25,000 rental income we made for them," said Ideal Homes International president Chris White. "You could buy a two-bedroom apartment in Portugal's popular tourist eastern Algarve region for 179,000. If you rent it out, it's possible to make about 1,200 a month after paying the estimated 400 mortgage payment with a 20 percent down," said White. Mortgage rates can also be fixed at 1.5 percent per year to protect against any future increases. Ideal Homes International has many properties throughout Portugal, including the Dona Maria II Residences. The five-star development has a spa, indoor and outdoor pools with ocean views. The Algarve region is about a 2.5-hour drive from Lisbon on Portugal's southern coast. Its 120-mile coastline is extremely popular and the population of 700,000 swells to about eight million tourists in the summer, all looking for accommodations. Besides selling, Ideal Homes International also manages and rents out properties for clients. They're already 96 percent booked for the upcoming May-to-September peak season in the Algarve. Ideal Homes International has a staff of 30 and manages 150 properties for clients with a management fee of 1200 for the year and a 12 percent commission."You could rent out an apartment for 30 weeks and possibly make 30,000 a year to pay-off your down payment within three years. This is extremely attractive, especially to North American couples planning a retirement in a few years," said White. When you retire, you could rent it out for six months and visit the grandchildren back in North America or travel the world. When you're back, you can live off the rental income and enjoy the nice climate and friendly people of Portugal."We have a couple that bought a place and meet them every April to pack up their things so they can travel Europe for 14 weeks. When they come back in October, they can live off the 25,000 rental income we made for them," said White.Rental income varies from 900 in April to 2,000 euros during the peak season. It's less expensive per person for renters than staying at hotels, so there's a demand. "The lifestyle in Portugal is catered towards retirees. Everyone speaks English in the Algarve. Clients are always amazed when they switch on the TV or go to the cinema and everything is in English," said White. An American family bought one of his company's properties and saved on their daughter's $30,000 annual medical bills because of the free healthcare in the country. There are also good schools. Portugal's Golden Visa program started in 2012 to reboot the economy after the financial crisis of 2008. It has been a huge success by boosting the economy by bringing in foreign investment and allows the benefits of residency through property ownership.It was originally scheduled to end in July but COVID has slowed the economy, so the government has extended the program. With it, individuals can apply for citizenship after five years without actually living there. It's your passport for you and your family to work and visit European countries. Investors can gain residency through the Golden Visa Program by buying a property in the Algarve for as little as 400,000 or 280,000."Another good reason to buy real estate in Portugal is its low property tax compared to North America. The average home pays about 500 a year. However, there's an eight percent real estate transaction tax in the country," said White.For further information, on properties in Portugal, you can review the Ideal Homes International website or YouTube Channel. Chris White can be contacted at +351 289 513 434 or [emailprotected] for more information or to schedule an interview.FOR FURTHER INFORMATION:Chris WhitePresidentIdeal Homes InternationalQuarteira, Portugal+351 289 513 434[emailprotected]SOURCE Ideal Homes International Related Links http://www.idealhomesportugal.com

edtsum1088

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: HENDERSON, Nev., July 29, 2020 /PRNewswire/ --Grow Capital, Inc (OTCQB:GRWC), a company that identifies and incubates promising companies in financial technology ("FinTech") today announced that the company will effect a 1-for-20 reverse stock split of shares of the company's issued and outstanding common stock, par value $0.001 per share, previously approved by the company's Board of Directors and a majority of its stockholders. The action will take effect at the open of trading on Thursday, July 30, 2020. The company's common stock will continue to trade on the OTCQB and a "D" will be placed on the Grow Capital, Inc. ticker symbol, GRWC. The ticker GRWCD will remain for twenty business days when the traditional trading symbol for the Company's common stock will revert back to"GRWC." The new CUSIP number for the Company's common stock following the reverse stock split will be 399818202. The reverse stock split is being implemented with the goals of increasing the per-share trading price to ultimately reach the $4.00 regular bid price required by Nasdaq, and improving the marketability and liquidity of the common stock. "This reverse split will help GRWC normalize trading and better align with our business activity," said interim CEO Terry Kennedy. "Our subsidiary is growing and we have new acquisitions on the horizon. Issuing this reverse-split is expected to raise our per-share price and allow for better long-term planning." The reverse stock split does not have any impact on the voting and other rights of the stockholders and will have no impact on GRWC's subsidiaries. Neither the authorized number of shares of common stock nor the par value of the common stock has changed as a result of the reverse stock split. No fractional shares will be issued as a result of the reverse stock split. Stockholders who otherwise would be entitled to receive fractional shares because they hold a number of shares not evenly divisible by the reverse split ratio of the reverse stock split, will be entitled to a number of shares rounded up to the nearest whole number, and stockholders left with no more than a fractional share will receive a cash payment on the basis of $0.05 per share of existing common stock. "The Board believes it is in the best interests of GRWC and the stockholders to implement the Reverse Stock Split to reduce the number of our issued and outstanding shares of common stock thereby increasing the number of shares of common stock available for issuance," said Board President James Olson. "We believe it is likely to increase the market price as fewer shares will be outstanding, and the expected increased market price will encourage interest in the common stock." The Company's transfer agent will manage the exchange of the pre-split shares for new, post-split shares. GRWC's transfer Agent is: Colonial Stock Transfer 66 Exchange Place, Ste 100 Salt Lake City, UT 84111- phone: (801) 355-5740. Immediately following the reverse stock split, the number of shares of common stock issued and outstanding will be reduced proportionately based on the reverse stock split ratio of 1-for-20. GRWC filed an 8-K on the reverse split. To be added to the distribution list please email[emailprotected]with "GRWC" in the subject line. Forward Looking Statements Disclaimer:This release may contain statements that 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. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Grow Capital, Inc's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Such forward -looking statements include the words "believes", "expects", "vision," "seek", "grow", "plan" and "goals", and other expressions of a forward-looking nature. More information about the potential factors that could affect the business and financial results is and will be included in Grow Capital, Inc's filings with the OTC Markets, Securities and Exchange Commission and/or posted on the company's website. SOURCE Grow Capital, Inc Answer:

Grow Capital, Inc Announces Effective Date of Reverse Stock Split Board seeks to normalize trading activity, increase share price

HENDERSON, Nev., July 29, 2020 /PRNewswire/ --Grow Capital, Inc (OTCQB:GRWC), a company that identifies and incubates promising companies in financial technology ("FinTech") today announced that the company will effect a 1-for-20 reverse stock split of shares of the company's issued and outstanding common stock, par value $0.001 per share, previously approved by the company's Board of Directors and a majority of its stockholders. The action will take effect at the open of trading on Thursday, July 30, 2020. The company's common stock will continue to trade on the OTCQB and a "D" will be placed on the Grow Capital, Inc. ticker symbol, GRWC. The ticker GRWCD will remain for twenty business days when the traditional trading symbol for the Company's common stock will revert back to"GRWC." The new CUSIP number for the Company's common stock following the reverse stock split will be 399818202. The reverse stock split is being implemented with the goals of increasing the per-share trading price to ultimately reach the $4.00 regular bid price required by Nasdaq, and improving the marketability and liquidity of the common stock. "This reverse split will help GRWC normalize trading and better align with our business activity," said interim CEO Terry Kennedy. "Our subsidiary is growing and we have new acquisitions on the horizon. Issuing this reverse-split is expected to raise our per-share price and allow for better long-term planning." The reverse stock split does not have any impact on the voting and other rights of the stockholders and will have no impact on GRWC's subsidiaries. Neither the authorized number of shares of common stock nor the par value of the common stock has changed as a result of the reverse stock split. No fractional shares will be issued as a result of the reverse stock split. Stockholders who otherwise would be entitled to receive fractional shares because they hold a number of shares not evenly divisible by the reverse split ratio of the reverse stock split, will be entitled to a number of shares rounded up to the nearest whole number, and stockholders left with no more than a fractional share will receive a cash payment on the basis of $0.05 per share of existing common stock. "The Board believes it is in the best interests of GRWC and the stockholders to implement the Reverse Stock Split to reduce the number of our issued and outstanding shares of common stock thereby increasing the number of shares of common stock available for issuance," said Board President James Olson. "We believe it is likely to increase the market price as fewer shares will be outstanding, and the expected increased market price will encourage interest in the common stock." The Company's transfer agent will manage the exchange of the pre-split shares for new, post-split shares. GRWC's transfer Agent is: Colonial Stock Transfer 66 Exchange Place, Ste 100 Salt Lake City, UT 84111- phone: (801) 355-5740. Immediately following the reverse stock split, the number of shares of common stock issued and outstanding will be reduced proportionately based on the reverse stock split ratio of 1-for-20. GRWC filed an 8-K on the reverse split. To be added to the distribution list please email[emailprotected]with "GRWC" in the subject line. Forward Looking Statements Disclaimer:This release may contain statements that 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. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Grow Capital, Inc's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Such forward -looking statements include the words "believes", "expects", "vision," "seek", "grow", "plan" and "goals", and other expressions of a forward-looking nature. More information about the potential factors that could affect the business and financial results is and will be included in Grow Capital, Inc's filings with the OTC Markets, Securities and Exchange Commission and/or posted on the company's website. SOURCE Grow Capital, Inc

edtsum1096

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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: Sand Grove Capital Management LLP (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. Fund(s) for whom Sand Grove Capital Management LLP is the Investment Manager (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree AFH Financial Group 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 17 February 2021 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state N/A N/A 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security: 10p ordinary Interests Short positions Number % Number % (1) Relevant securities owned and/or controlled: (2) Cash-settled derivatives: 1,424,000 3.31% (3) Stock-settled derivatives (including options) and agreements to purchase/sell: TOTAL: 1,424,000 3.31% All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant security Purchase/sale Number of securities Price per unit (b) Cash-settled derivative transactions Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit 10p ordinary CFD Increasing a long position 250,000 463.00 (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: 18 February 2021 Contact name: Pau Gimeno Perramon Telephone number: +44 203 770 8623 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 - AFHP LN

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: Sand Grove Capital Management LLP (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. Fund(s) for whom Sand Grove Capital Management LLP is the Investment Manager (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree AFH Financial Group 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 17 February 2021 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state N/A N/A 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security: 10p ordinary Interests Short positions Number % Number % (1) Relevant securities owned and/or controlled: (2) Cash-settled derivatives: 1,424,000 3.31% (3) Stock-settled derivatives (including options) and agreements to purchase/sell: TOTAL: 1,424,000 3.31% All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant security Purchase/sale Number of securities Price per unit (b) Cash-settled derivative transactions Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit 10p ordinary CFD Increasing a long position 250,000 463.00 (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: 18 February 2021 Contact name: Pau Gimeno Perramon Telephone number: +44 203 770 8623 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.

edtsum1101

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: TULSA, Okla.--(BUSINESS WIRE)--Clear Cannabis Inc. (CCI), master licensor of legacy cannabis concentrates brand The Clear, announces the relaunch of the infused product brand TWAX, available in Oklahomas medical cannabis market through an exclusive partnership with Stash House Distribution. TWAX is a line of distillate-infused products named after twaxing, the art of adorning a cannabis joint with concentrate for increased potency and effect. The launch of the TWAX brand marks CCIs first venture into cannabis flower products and creates a new avenue for growth. These extremely potent products were made to fit the medical and heavy user market by adding extra THC in the most traditional of consumption methods. The opportunity to expand our offerings while providing additional support to our licensees in Oklahoma and beyond is the perfect situation for us, said Seth Wiggins, Vice President of Sales for CCI. Starting this month with Oklahoma, CCI will launch single pre-rolls featuring 1.25 grams of premium flower infused with 200 milligrams of The Clears distillate, in four flavor varieties: Lobster Butter, Grapevine, Blueberry, and Lemon Haze. Unlike many other infused flower products, our products are made with all-natural flavoring, and are completely free of dyes and contaminants. The Clear has been a resounding success for Stash House, and were elated to partner with CCI on the TWAX product lineup. CCIs mastery of manufacturing processes and quality control provides the backing we need to bring exciting new products into the mix, said Shane Finn, Chief Operating Officer of Stash House Distribution. Oklahoma's medical cannabis patients are better served with a variety of top-quality products to meet their needs. CCI intends to launch the TWAX line in Colorado within the first quarter of 2021, and additional states throughout the year. True to The Clear, additional flavors and formats will follow the initial release. For more information on TWAX and where to find the brand, visit: ClearConcentrate.com About Clear Cannabis, Inc. Clear Cannabis, Inc. is a national cannabis brand company and licensor of The Clear. Established in 2013, The Clear THC products are available in multiple cannabis markets in the U.S, with CBD products distributed internationally. The company is focused on responsible manufacturing, proprietary formulations, securing widespread distribution, and expanding product lines. Answer:

Clear Cannabis Inc. Announces Launch of Infused Products Brand TWAX in Oklahoma

TULSA, Okla.--(BUSINESS WIRE)--Clear Cannabis Inc. (CCI), master licensor of legacy cannabis concentrates brand The Clear, announces the relaunch of the infused product brand TWAX, available in Oklahomas medical cannabis market through an exclusive partnership with Stash House Distribution. TWAX is a line of distillate-infused products named after twaxing, the art of adorning a cannabis joint with concentrate for increased potency and effect. The launch of the TWAX brand marks CCIs first venture into cannabis flower products and creates a new avenue for growth. These extremely potent products were made to fit the medical and heavy user market by adding extra THC in the most traditional of consumption methods. The opportunity to expand our offerings while providing additional support to our licensees in Oklahoma and beyond is the perfect situation for us, said Seth Wiggins, Vice President of Sales for CCI. Starting this month with Oklahoma, CCI will launch single pre-rolls featuring 1.25 grams of premium flower infused with 200 milligrams of The Clears distillate, in four flavor varieties: Lobster Butter, Grapevine, Blueberry, and Lemon Haze. Unlike many other infused flower products, our products are made with all-natural flavoring, and are completely free of dyes and contaminants. The Clear has been a resounding success for Stash House, and were elated to partner with CCI on the TWAX product lineup. CCIs mastery of manufacturing processes and quality control provides the backing we need to bring exciting new products into the mix, said Shane Finn, Chief Operating Officer of Stash House Distribution. Oklahoma's medical cannabis patients are better served with a variety of top-quality products to meet their needs. CCI intends to launch the TWAX line in Colorado within the first quarter of 2021, and additional states throughout the year. True to The Clear, additional flavors and formats will follow the initial release. For more information on TWAX and where to find the brand, visit: ClearConcentrate.com About Clear Cannabis, Inc. Clear Cannabis, Inc. is a national cannabis brand company and licensor of The Clear. Established in 2013, The Clear THC products are available in multiple cannabis markets in the U.S, with CBD products distributed internationally. The company is focused on responsible manufacturing, proprietary formulations, securing widespread distribution, and expanding product lines.

edtsum1106

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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, Ohio, May 6, 2020 /PRNewswire/ --Konecranes next-generation S-series crane incorporates synthetic rope and a tilted hoist drum to propel overhead crane performance beyond current limits. With the introduction of its radically new KonecranesS-series crane, now available in the US and Canada in capacities up to 6.3 tons, the global lifting leader shatters old-school stereotypes of overhead crane design. A product of years of research and bristling with innovations, the Konecranes S-seriesdelivers a long list of tangible benefits that are unduplicated in the lifting industry today. At the top of this list is the reason Konecranes has dubbed its new crane the "Konecranes S-series." "S" stands for synthetic rope, which through exhaustive testing has been revealed to be stronger than steel, much cleaner than steel, and significantly safer to handle. "Intuitively, when someone looks at synthetic rope on a crane there are a lot of questions," says Edward Di Cesare, director of marketing, industrial crane products for Region Americas. "First, people ask if synthetic rope is strong enough. Second, they ask if it is safe. What we've learned is that synthetic rope is actually safer, it outlasts wire rope, and its inherent properties allow us to build a crane that is superior in many ways." In a series of tests, Konecranes synthetic rope challenged similarly rated steel wire rope for strength and durability. In each case, the synthetic rope performed better than steel. After being submerged for five hours in hydrochloric acid, the steel wire was visibly corroded. When stress tested, the acid-exposed steel wire rope broke well before its rated capacity, while the acid-exposed synthetic rope continued to perform like new, surpassing the five-times safety factor. When exposed to sparks within 20 cm or 8 inches for 45 seconds of grinding operations and then stress-tested, the synthetic rope still exceeded the minimum safety factor of five. When both ropes were exposed to a sharp edge, the synthetic rope received no permanent deformation or harmful damage, and was approved for use. The wire rope was permanently deformed, which meant that it failed standard inspection criteria, and had to be taken out of use. In what was probably the most important challenge, a basic breaking strength test with parameters of time, distance and loading, Konecranes synthetic rope was the clear winner. "Beyond the fact that synthetic rope is stronger, it also has other properties that allow us to build a better crane," says Di Cesare. "Synthetic rope creates less friction on the drum and sheaves which contributes to less wear. Another advantage is that without the need for oil lubrication the synthetic rope is much cleaner and reduces maintenance, which is an important benefit for many applications." Di Cesare noted that while the synthetic rope may get most of the initial attention, the Konecranes S-seriesdelivers many other innovative features, such as its tilted hoist drum. "The tilted drum is designed to reduce the angle of the rope and provides even weight distribution which results in a stable load. This also extends the lifetime of the reeving components and the rope by keeping it centered in the drum groove," he said. Unlike a traditional wire rope hoist, Konecranes S-series' new reeving design with tilted drum prevents ropes from crossing, and the fleet angles remain straight all the way up to the drum, preventing the block from twisting as it sometimes does on a wire rope hoist. "Another benefit of Konecranes S-series' offset reeving is that it improves lifting component lifetime because it centers everything," says Mark Perepeluk, director of product management and training. "The reduced physical weight of the hoist results in 45 percent less wheel load and virtually no frame twisting. Components also last longer because friction is so low on the synthetic rope and composite sheaves." Perepeluk also noted that a substantial part of the weight savings is in the rope, which is 85 percent lighter than a comparable wire rope. He says that customers will appreciate the fact that it is easy to change, and if someone happens to grab the rope while rigging, it is much easier on the hands than steel wire, which typically has barbs due to small broken wires from general use. Konecranes S-series also features a new hook block design that includes more long wearing composite parts, estimated to last 45 percent longer than steel. And because the rope is made of synthetic material, the drum no longer needs lubrication, reducing maintenance costs for the customer. Another cutting-edge Konecranes S-series innovation is the main girder, which comes with a first-ever sliding connection that allows the end truck to automatically adjust itself on the runway, reducing wheel and runway wear. It is also easily adjustable in cases of span misalignment or out of tolerance runways. "The Konecranes S-series represents a major leap forward, but we believe our customers will appreciate another layer of benefits that are integral to this crane," says Di Cesare. "We have also included some of our most popular Safe Featuresoftware technologies." Three standard Safe Features include Snag Prevention, Hook Centering and Follow Me, which help speed up operations while protecting employees and infrastructure. "Follow Me is a feature where you can move the crane by taking hold of the hook and walking the crane and hoist to the desired location," says product manager Jussi Luokomaa. "You press the button on the radio and grab the hook and it follows you to wherever you are going. It increases the speed and accuracy of the crane operation significantly." Variable speed control for all movements is also standard on Konecranes S-series. It has stepless inverter control for hoisting as well as travel, plus Adaptive Speed Range (ASR) that adjusts the maximum lifting speed to the weight of the load for safer and more productive use. In simple terms, ASR facilitates faster load cycles with lighter loads. "Konecranes S-series establishes a new benchmark for the overhead industrial crane, but you don't have to take our word for it," says Di Cesare. "Bottom line, this is a crane that delivers better lifting performance and longer-lasting use. Customers can track and verify its performance with the included TRUCONNECTcrane usage and operating data platform, viewable at our cloud-based customer portal yourKONECRANES.com." This press release is available at www.konecranes.com/en-us More information: Amulya Raghuveer, Marketing and Communications Manager,Konecranes Region Americas [emailprotected]or 937-525-5533. This information was brought to you by Cision http://news.cision.com https://news.cision.com/konecranes-oyj/r/konecranes-s-series-reinvents-the-benchmark-for-overhead-industrial-cranes,c3102327 The following files are available for download: https://mb.cision.com/Main/18879/3102327/1241331.pdf Konecranes S-series reinvents the benchmark for overhead industrial cranes https://news.cision.com/konecranes-oyj/i/konecranes-s-series-035,c2780225 Konecranes S-series 035 SOURCE Konecranes Oyj Answer:

Konecranes S-series Reinvents the Benchmark for Overhead Industrial Cranes

SPRINGFIELD, Ohio, May 6, 2020 /PRNewswire/ --Konecranes next-generation S-series crane incorporates synthetic rope and a tilted hoist drum to propel overhead crane performance beyond current limits. With the introduction of its radically new KonecranesS-series crane, now available in the US and Canada in capacities up to 6.3 tons, the global lifting leader shatters old-school stereotypes of overhead crane design. A product of years of research and bristling with innovations, the Konecranes S-seriesdelivers a long list of tangible benefits that are unduplicated in the lifting industry today. At the top of this list is the reason Konecranes has dubbed its new crane the "Konecranes S-series." "S" stands for synthetic rope, which through exhaustive testing has been revealed to be stronger than steel, much cleaner than steel, and significantly safer to handle. "Intuitively, when someone looks at synthetic rope on a crane there are a lot of questions," says Edward Di Cesare, director of marketing, industrial crane products for Region Americas. "First, people ask if synthetic rope is strong enough. Second, they ask if it is safe. What we've learned is that synthetic rope is actually safer, it outlasts wire rope, and its inherent properties allow us to build a crane that is superior in many ways." In a series of tests, Konecranes synthetic rope challenged similarly rated steel wire rope for strength and durability. In each case, the synthetic rope performed better than steel. After being submerged for five hours in hydrochloric acid, the steel wire was visibly corroded. When stress tested, the acid-exposed steel wire rope broke well before its rated capacity, while the acid-exposed synthetic rope continued to perform like new, surpassing the five-times safety factor. When exposed to sparks within 20 cm or 8 inches for 45 seconds of grinding operations and then stress-tested, the synthetic rope still exceeded the minimum safety factor of five. When both ropes were exposed to a sharp edge, the synthetic rope received no permanent deformation or harmful damage, and was approved for use. The wire rope was permanently deformed, which meant that it failed standard inspection criteria, and had to be taken out of use. In what was probably the most important challenge, a basic breaking strength test with parameters of time, distance and loading, Konecranes synthetic rope was the clear winner. "Beyond the fact that synthetic rope is stronger, it also has other properties that allow us to build a better crane," says Di Cesare. "Synthetic rope creates less friction on the drum and sheaves which contributes to less wear. Another advantage is that without the need for oil lubrication the synthetic rope is much cleaner and reduces maintenance, which is an important benefit for many applications." Di Cesare noted that while the synthetic rope may get most of the initial attention, the Konecranes S-seriesdelivers many other innovative features, such as its tilted hoist drum. "The tilted drum is designed to reduce the angle of the rope and provides even weight distribution which results in a stable load. This also extends the lifetime of the reeving components and the rope by keeping it centered in the drum groove," he said. Unlike a traditional wire rope hoist, Konecranes S-series' new reeving design with tilted drum prevents ropes from crossing, and the fleet angles remain straight all the way up to the drum, preventing the block from twisting as it sometimes does on a wire rope hoist. "Another benefit of Konecranes S-series' offset reeving is that it improves lifting component lifetime because it centers everything," says Mark Perepeluk, director of product management and training. "The reduced physical weight of the hoist results in 45 percent less wheel load and virtually no frame twisting. Components also last longer because friction is so low on the synthetic rope and composite sheaves." Perepeluk also noted that a substantial part of the weight savings is in the rope, which is 85 percent lighter than a comparable wire rope. He says that customers will appreciate the fact that it is easy to change, and if someone happens to grab the rope while rigging, it is much easier on the hands than steel wire, which typically has barbs due to small broken wires from general use. Konecranes S-series also features a new hook block design that includes more long wearing composite parts, estimated to last 45 percent longer than steel. And because the rope is made of synthetic material, the drum no longer needs lubrication, reducing maintenance costs for the customer. Another cutting-edge Konecranes S-series innovation is the main girder, which comes with a first-ever sliding connection that allows the end truck to automatically adjust itself on the runway, reducing wheel and runway wear. It is also easily adjustable in cases of span misalignment or out of tolerance runways. "The Konecranes S-series represents a major leap forward, but we believe our customers will appreciate another layer of benefits that are integral to this crane," says Di Cesare. "We have also included some of our most popular Safe Featuresoftware technologies." Three standard Safe Features include Snag Prevention, Hook Centering and Follow Me, which help speed up operations while protecting employees and infrastructure. "Follow Me is a feature where you can move the crane by taking hold of the hook and walking the crane and hoist to the desired location," says product manager Jussi Luokomaa. "You press the button on the radio and grab the hook and it follows you to wherever you are going. It increases the speed and accuracy of the crane operation significantly." Variable speed control for all movements is also standard on Konecranes S-series. It has stepless inverter control for hoisting as well as travel, plus Adaptive Speed Range (ASR) that adjusts the maximum lifting speed to the weight of the load for safer and more productive use. In simple terms, ASR facilitates faster load cycles with lighter loads. "Konecranes S-series establishes a new benchmark for the overhead industrial crane, but you don't have to take our word for it," says Di Cesare. "Bottom line, this is a crane that delivers better lifting performance and longer-lasting use. Customers can track and verify its performance with the included TRUCONNECTcrane usage and operating data platform, viewable at our cloud-based customer portal yourKONECRANES.com." This press release is available at www.konecranes.com/en-us More information: Amulya Raghuveer, Marketing and Communications Manager,Konecranes Region Americas [emailprotected]or 937-525-5533. This information was brought to you by Cision http://news.cision.com https://news.cision.com/konecranes-oyj/r/konecranes-s-series-reinvents-the-benchmark-for-overhead-industrial-cranes,c3102327 The following files are available for download: https://mb.cision.com/Main/18879/3102327/1241331.pdf Konecranes S-series reinvents the benchmark for overhead industrial cranes https://news.cision.com/konecranes-oyj/i/konecranes-s-series-035,c2780225 Konecranes S-series 035 SOURCE Konecranes Oyj

edtsum1114

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: COLOMBES, France--(BUSINESS WIRE)--Regulatory News: Arkema (Paris:AKE): Date Total number of shares Total number of Voting Rights (including shares held by the Company) Total number of Voting Rights (excluding shares held by the Company) Novembre 30, 2020 76,736,476 87,374,277 87,356,306 Answer:

Arkema: Statement about the number of shares and voting rights in compliance with the article L.233-8 II of the French commercial code and the article 223-16 of the Financial Markets Authority (AMF-Autorit des Marchs Financiers)

COLOMBES, France--(BUSINESS WIRE)--Regulatory News: Arkema (Paris:AKE): Date Total number of shares Total number of Voting Rights (including shares held by the Company) Total number of Voting Rights (excluding shares held by the Company) Novembre 30, 2020 76,736,476 87,374,277 87,356,306

edtsum1116

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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, Aug. 27, 2020 /PRNewswire/ --Ernst & Young LLP (EY US) announced today that GT Dave, Founder and CEO of GT's Living Foods is a finalist for The Entrepreneur Of The Year 2020 Awards in Greater Los Angeles. Now in its 34th year, the Entrepreneur Of The Yearprogram honors entrepreneurial business leaders whose ambitions deliver innovation, growth and prosperity as they build and sustain successful businesses that transform our world. GT Dave was selected as a finalist by a panel of independent judges. Award winners will be announced through a special virtual event on October 8, 2020 and will join a lifelong community of esteemed Entrepreneur Of The Year alumni from around the world. This year, unstoppable entrepreneurs who have provided extraordinary support for their communities, employees and others during the COVID-19 crisis will also be recognized for their courage, resilience and ingenuity. GT, the creator of the Kombucha category in the US, started brewing Kombucha in his parents' kitchen as a teenager 25 years ago. Now, GT's Living Foods is the #1 Kombucha brand across the globe and the leader of the near-billion-dollar marketplace. GT continues his quest and calling to share a message that food is medicine through always raw, unpasteurized and fully fermented offerings. "During this challenging year of self-isolation and social distancing, it has been incredible to connect with the brilliant people in the Entrepreneur Of The Year 2020 program," said GT. "Throughout this journey, I have listened to the entrepreneurs' ups and downs; their determination and passion remains unaffected. Not only am I honored to be included among my fellow finalists, but the experience has been a reminder of how resilient and unwavering the entrepreneurial spirit is. The commitment and drive that is a common thread in this special group has left me inspired and optimistic for the year ahead." Entrepreneur Of The Yearis one of the preeminent competitive award programs for entrepreneurs and leaders of high-growth companies. The nominees are evaluated based on six criteria,including overcoming adversity; financial performance; societal impact and commitment to building a values-based company; innovation; and talent management. Since its launch, the program has expanded to recognize business leaders in more than 145 cities in over 60 countries around the world. For additional information about the Entrepreneur Of The Year Greater Los Angeles program, please visit www.ey.com/us/eoy/greaterla. Join the conversation on social media using #EOYGLA and #EOYUS. Regional award winners are eligible for consideration for the Entrepreneur Of The Year National Awards, to be announced in November during a virtual awards gala. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the EY World Entrepreneur Of The Year Award in June 2021. Entrepreneur Of The Year Award winners become lifetime members of a global, multi-industry community of entrepreneurs, with exclusive, ongoing access to the experience, insight and wisdom of program alumni and other ecosystem members in over 60 countries all supported by vast EY resources. SponsorsFounded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards are nationally sponsored by SAP America and the Kauffman Foundation. In Greater Los Angeles, local sponsors include Platinum sponsor: Marsh; Gold sponsors: Avitas Wealth Management and Tangram; Silver sponsor: Cresa; and PR sponsor: Olmstead Williams Communications. About GT's Living Foods:Since 1995, GT's Living Foods has revolutionized how people think and feel about Kombucha and fermented foods in the Western World. From the womb, founder GT Dave was raised vegetarian and taught that food can be medicine. He and the company continue to uphold that philosophy with always pure, potent and plant-derived fermented offerings produced in their most authentic form, never compromised. The fiercely independent, family-owned and operated company is available in over 55,000 retailers across North America and Europe. Today and beyond, GT's Living Foods' driving purpose is to spread a global message that food can be medicine and through proper nutrition one can heal thyself. For more information, please visit www.gtslivingfoods.com. About Entrepreneur Of The YearEntrepreneur Of The Year is the world's most prestigious business awards program for unstoppable entrepreneurs. These visionary leaders deliver innovation, growth and prosperity that transform our world. The program engages entrepreneurs with insights and experiences that foster growth. It connects them with their peers to strengthen entrepreneurship around the world. Entrepreneur Of The Year is the first and only truly global awards program of its kind. It celebrates entrepreneurs through regional and national awards programs in more than 145 cities in over 60 countries. Winners go on to compete for the EY World Entrepreneur Of The Year title. ey.com/us/eoy About EY Private As Advisors to the ambitious, EY Private professionals possess the experience and passion to support private businesses and their owners in unlocking the full potential of their ambitions. EY Private teams offer distinct insights born from the long EY history of working with business owners and entrepreneurs. These teams support the full spectrum of private enterprises including private capital managers and investors and the portfolio businesses they fund, business owners, family businesses, family offices and entrepreneurs. Visit ey.com/private About EYEY is a global leader in assurance, tax, strategy, transaction and consulting services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms ofErnst & YoungGlobal Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. For more information about our organization, please visit ey.com. SOURCE GT's Living Foods Related Links https://gtslivingfoods.com Answer:

EY Announces GT Dave of GT's Living Foods as Entrepreneur Of The Year 2020 Finalist in Greater Los Angeles Celebrating the unstoppable entrepreneurs whose ambitions transform our world

LOS ANGELES, Aug. 27, 2020 /PRNewswire/ --Ernst & Young LLP (EY US) announced today that GT Dave, Founder and CEO of GT's Living Foods is a finalist for The Entrepreneur Of The Year 2020 Awards in Greater Los Angeles. Now in its 34th year, the Entrepreneur Of The Yearprogram honors entrepreneurial business leaders whose ambitions deliver innovation, growth and prosperity as they build and sustain successful businesses that transform our world. GT Dave was selected as a finalist by a panel of independent judges. Award winners will be announced through a special virtual event on October 8, 2020 and will join a lifelong community of esteemed Entrepreneur Of The Year alumni from around the world. This year, unstoppable entrepreneurs who have provided extraordinary support for their communities, employees and others during the COVID-19 crisis will also be recognized for their courage, resilience and ingenuity. GT, the creator of the Kombucha category in the US, started brewing Kombucha in his parents' kitchen as a teenager 25 years ago. Now, GT's Living Foods is the #1 Kombucha brand across the globe and the leader of the near-billion-dollar marketplace. GT continues his quest and calling to share a message that food is medicine through always raw, unpasteurized and fully fermented offerings. "During this challenging year of self-isolation and social distancing, it has been incredible to connect with the brilliant people in the Entrepreneur Of The Year 2020 program," said GT. "Throughout this journey, I have listened to the entrepreneurs' ups and downs; their determination and passion remains unaffected. Not only am I honored to be included among my fellow finalists, but the experience has been a reminder of how resilient and unwavering the entrepreneurial spirit is. The commitment and drive that is a common thread in this special group has left me inspired and optimistic for the year ahead." Entrepreneur Of The Yearis one of the preeminent competitive award programs for entrepreneurs and leaders of high-growth companies. The nominees are evaluated based on six criteria,including overcoming adversity; financial performance; societal impact and commitment to building a values-based company; innovation; and talent management. Since its launch, the program has expanded to recognize business leaders in more than 145 cities in over 60 countries around the world. For additional information about the Entrepreneur Of The Year Greater Los Angeles program, please visit www.ey.com/us/eoy/greaterla. Join the conversation on social media using #EOYGLA and #EOYUS. Regional award winners are eligible for consideration for the Entrepreneur Of The Year National Awards, to be announced in November during a virtual awards gala. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the EY World Entrepreneur Of The Year Award in June 2021. Entrepreneur Of The Year Award winners become lifetime members of a global, multi-industry community of entrepreneurs, with exclusive, ongoing access to the experience, insight and wisdom of program alumni and other ecosystem members in over 60 countries all supported by vast EY resources. SponsorsFounded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards are nationally sponsored by SAP America and the Kauffman Foundation. In Greater Los Angeles, local sponsors include Platinum sponsor: Marsh; Gold sponsors: Avitas Wealth Management and Tangram; Silver sponsor: Cresa; and PR sponsor: Olmstead Williams Communications. About GT's Living Foods:Since 1995, GT's Living Foods has revolutionized how people think and feel about Kombucha and fermented foods in the Western World. From the womb, founder GT Dave was raised vegetarian and taught that food can be medicine. He and the company continue to uphold that philosophy with always pure, potent and plant-derived fermented offerings produced in their most authentic form, never compromised. The fiercely independent, family-owned and operated company is available in over 55,000 retailers across North America and Europe. Today and beyond, GT's Living Foods' driving purpose is to spread a global message that food can be medicine and through proper nutrition one can heal thyself. For more information, please visit www.gtslivingfoods.com. About Entrepreneur Of The YearEntrepreneur Of The Year is the world's most prestigious business awards program for unstoppable entrepreneurs. These visionary leaders deliver innovation, growth and prosperity that transform our world. The program engages entrepreneurs with insights and experiences that foster growth. It connects them with their peers to strengthen entrepreneurship around the world. Entrepreneur Of The Year is the first and only truly global awards program of its kind. It celebrates entrepreneurs through regional and national awards programs in more than 145 cities in over 60 countries. Winners go on to compete for the EY World Entrepreneur Of The Year title. ey.com/us/eoy About EY Private As Advisors to the ambitious, EY Private professionals possess the experience and passion to support private businesses and their owners in unlocking the full potential of their ambitions. EY Private teams offer distinct insights born from the long EY history of working with business owners and entrepreneurs. These teams support the full spectrum of private enterprises including private capital managers and investors and the portfolio businesses they fund, business owners, family businesses, family offices and entrepreneurs. Visit ey.com/private About EYEY is a global leader in assurance, tax, strategy, transaction and consulting services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms ofErnst & YoungGlobal Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. For more information about our organization, please visit ey.com. SOURCE GT's Living Foods Related Links https://gtslivingfoods.com

edtsum1117

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: CAMBRIDGE, England--(BUSINESS WIRE)--Mavenir, the industrys only end-to-end Network Software Provider and a leader in accelerating software network transformation for communications service providers (CSPs) has established a Centre of Innovation in Cambridge, United Kingdom after its acquisition of ip.access. The Centre will focus on Mavenirs innovative and open virtualized Multi Radio Access Technology (vMRAT) development and specifically on the integration of the 2G and 3G capabilities, giving the industry a unique solution for MRAT OpenRAN which is completely built on virtualized architecture, integrating all the multi-G cellular stacks from 2G to 5G. Mavenir is the industrys only fully cloud-native software provider and with this solution will enable traditional legacy to be replaced or expanded with a future proof solution capable of supporting services which will last still for several years to come, said Stefano Cantarelli, Mavenirs Chief Marketing Officer. The solution will feature the ability to scale and utilize a single architecture to cover all mobile technologies, giving the advantage of an extremely agile and flexible configuration for even faster time to market and for remote operations of the radio access network. Mavenirs acquisition of ip.access brought the expertise of developing software in the 2G and 3G radio stacks which has been successfully deployed in the small cell environment that gave the Cambridges firm its brand recognition in the Carrier space as well as in the Enterprise and Private Network space. Pardeep Kohli, Mavenirs President and CEO said, We are expanding our R&D capabilities in Europe and complementing our design centers in Sweden, Czech, and Germany with a new center in the UK. We establish these centers of excellence in areas where there is a true hub of innovation and expertise. In this case, the UK is the headquarters for Mavenirs EMEA operations, and it is the home of pioneering industry leaders. With this initiative, we have a unique solution that fits all possible types of applications with a single architecture, that provide the next generation radio access portfolio, completely based on OpenRAN principles by significantly boosting the ecosystem with many innovative and interesting initiatives. The new Centre of Innovation in the United Kingdom builds on Mavenirs growing global presence with its network of dedicated Centers of Excellence. It joins the vRAN, 5G, and AI/Machine Learning (AI/ML) Centers of Excellence as in EMEA, as well as the NFV/SDN Cloud Innovation Centers in US and India. About Mavenir: Mavenir is the industry's only end-to-end, cloud-native network software provider. Focused on accelerating software network transformation and redefining network economics for Communications Service Providers (CSPs) by offering a comprehensive end-to-end product portfolio across every layer of the network infrastructure stack. From 5G application/service layers to packet core and RAN Mavenir leads the way in evolved, cloud-native networking solutions enabling innovative and secure experiences for end users. Leveraging industry-leading firsts in VoLTE, VoWiFi, Advanced Messaging (RCS), Multi-ID, vEPC, and Virtualized RAN, Mavenir accelerates network transformation for more than 250+ CSP customers in over 130 countries, serving over 50% of the worlds subscribers. We embrace disruptive, innovative technology architectures and business models that drive service agility, flexibility, and velocity. With solutions that propel NFV evolution to achieve web-scale economics, Mavenir offers solutions to help CSPs with cost reduction, revenue generation, and revenue protection. Learn more at mavenir.com. Mavenir, the M logo, and CloudRange are trademarks owned by Mavenir Systems, Inc. Copyright 2019 Mavenir Systems, Inc. All Rights Reserved. Answer:

Mavenir Announces OpenRAN Centre of Innovation in Cambridge, UK Mavenir Focuses on OpenRAN where GSM Small Cells Originated

CAMBRIDGE, England--(BUSINESS WIRE)--Mavenir, the industrys only end-to-end Network Software Provider and a leader in accelerating software network transformation for communications service providers (CSPs) has established a Centre of Innovation in Cambridge, United Kingdom after its acquisition of ip.access. The Centre will focus on Mavenirs innovative and open virtualized Multi Radio Access Technology (vMRAT) development and specifically on the integration of the 2G and 3G capabilities, giving the industry a unique solution for MRAT OpenRAN which is completely built on virtualized architecture, integrating all the multi-G cellular stacks from 2G to 5G. Mavenir is the industrys only fully cloud-native software provider and with this solution will enable traditional legacy to be replaced or expanded with a future proof solution capable of supporting services which will last still for several years to come, said Stefano Cantarelli, Mavenirs Chief Marketing Officer. The solution will feature the ability to scale and utilize a single architecture to cover all mobile technologies, giving the advantage of an extremely agile and flexible configuration for even faster time to market and for remote operations of the radio access network. Mavenirs acquisition of ip.access brought the expertise of developing software in the 2G and 3G radio stacks which has been successfully deployed in the small cell environment that gave the Cambridges firm its brand recognition in the Carrier space as well as in the Enterprise and Private Network space. Pardeep Kohli, Mavenirs President and CEO said, We are expanding our R&D capabilities in Europe and complementing our design centers in Sweden, Czech, and Germany with a new center in the UK. We establish these centers of excellence in areas where there is a true hub of innovation and expertise. In this case, the UK is the headquarters for Mavenirs EMEA operations, and it is the home of pioneering industry leaders. With this initiative, we have a unique solution that fits all possible types of applications with a single architecture, that provide the next generation radio access portfolio, completely based on OpenRAN principles by significantly boosting the ecosystem with many innovative and interesting initiatives. The new Centre of Innovation in the United Kingdom builds on Mavenirs growing global presence with its network of dedicated Centers of Excellence. It joins the vRAN, 5G, and AI/Machine Learning (AI/ML) Centers of Excellence as in EMEA, as well as the NFV/SDN Cloud Innovation Centers in US and India. About Mavenir: Mavenir is the industry's only end-to-end, cloud-native network software provider. Focused on accelerating software network transformation and redefining network economics for Communications Service Providers (CSPs) by offering a comprehensive end-to-end product portfolio across every layer of the network infrastructure stack. From 5G application/service layers to packet core and RAN Mavenir leads the way in evolved, cloud-native networking solutions enabling innovative and secure experiences for end users. Leveraging industry-leading firsts in VoLTE, VoWiFi, Advanced Messaging (RCS), Multi-ID, vEPC, and Virtualized RAN, Mavenir accelerates network transformation for more than 250+ CSP customers in over 130 countries, serving over 50% of the worlds subscribers. We embrace disruptive, innovative technology architectures and business models that drive service agility, flexibility, and velocity. With solutions that propel NFV evolution to achieve web-scale economics, Mavenir offers solutions to help CSPs with cost reduction, revenue generation, and revenue protection. Learn more at mavenir.com. Mavenir, the M logo, and CloudRange are trademarks owned by Mavenir Systems, Inc. Copyright 2019 Mavenir Systems, Inc. All Rights Reserved.

edtsum1119

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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)--Cyber Monday Fitbit deals for 2020 are underway. Review the latest deals on Fitbit Alta HR, Versa Lite, Sense & more. Check out the latest deals in the list below. Best Fitbit Deals: Best Fitbit Versa Deals: Best Fitbit Versa 2 Deals: Best Fitbit Charge Deals: Best Fitbit Sense Deals: Best Fitbit Inspire Deals: Best Fitbit Alta Deals: Searching for more deals? We recommend checking Walmarts Cyber Monday sale and Amazons Cyber Monday deals to view more live discounts. [Deal Tomato earns commissions from purchases made using the links provided. About Deal Tomato: Deal Tomato reports on popular sales events. As an Amazon Associate and affiliate Deal Tomato earns from qualifying purchases. Answer:

Fitbit Cyber Monday Deals (2020): Best Versa, Charge, Sense, Inspire & More Fitbit Deals Ranked by Deal Tomato Save on Fitbit deals at the Cyber Monday sale, together with the top Fitbit Inspire 2, Charge 4 & Versa 3 sales

BOSTON--(BUSINESS WIRE)--Cyber Monday Fitbit deals for 2020 are underway. Review the latest deals on Fitbit Alta HR, Versa Lite, Sense & more. Check out the latest deals in the list below. Best Fitbit Deals: Best Fitbit Versa Deals: Best Fitbit Versa 2 Deals: Best Fitbit Charge Deals: Best Fitbit Sense Deals: Best Fitbit Inspire Deals: Best Fitbit Alta Deals: Searching for more deals? We recommend checking Walmarts Cyber Monday sale and Amazons Cyber Monday deals to view more live discounts. [Deal Tomato earns commissions from purchases made using the links provided. About Deal Tomato: Deal Tomato reports on popular sales events. As an Amazon Associate and affiliate Deal Tomato earns from qualifying purchases.

edtsum1121

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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, June 30, 2020 According to the new market research report "Microcapsule MarketBy Shell Material (Melamine, Non-Melamine), Core Material (Agricultural Inputs, Food Additives, Pharmaceutical & Healthcare Drugs, Fragrances, Phase Change Materials), End-use Industry , Technology, Region - Global Forecast to 2025", published by MarketsandMarkets, the Microcapsule Marketis projected to grow from USD 8.7 billion in 2020 to USD 13.9 billion by 2025, at a CAGR of 9.8% from 2020 to 2025. Factors like increasing demand from the food industry, high demand from the pharmaceutical industry, rising demand from the agrochemical sector, increased R&D activities for process efficiency to enhance market penetration, and widespread applications of microcapsules, are major factors driving the growth of this market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=24415649 Browsein-depth TOC on"Microcapsule Market" 136 Market Data Tables 41 Figures 231 Pages View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/microcapsule-market-24415649.html By shell material, the melamine segment is projected to grow with the highest CAGR during the forecast period By shell material, the melamine segment is projected to grow with the highest CAGR during the forecast period. The growth of the melamine segment is attributed to the increasing demand for formaldehyde-free melamine in personal care products. Additionally, melamine shell materials offer excellent retention capacity for volatile molecules and tunable mechanical properties that make these melamine capsules highly suitable as a formaldehyde-free alternative to conventional aminoplast microcapsules. These factors are driving the growth of this segment. By core material, the pharmaceutical & healthcare drugs segment to lead the microcapsule market during the forecast period By core material, the pharmaceutical & healthcare drugs segment led the microcapsule market in 2019 and is expected to witness significant growth during the forecast period. This growth is mainly attributed to the increasing demand for the masking of oral drug flavors to drive the growth of the pharmaceutical & healthcare drugs segment. Also, Intensive marketing by key players and increased applications of nutritional elements in functional and fortified foods drive the demand for pharmaceutical & healthcare drugs. By end-use industry, the pharmaceutical & healthcare segment to lead the microcapsule market during the forecast period. By end-use industry, the pharmaceutical & healthcare segment accounted for the largest share of the microcapsule market in 2019. This growth is mainly attributed to properties like controlled release of drugs, timely delivery of functional ingredients, and taste masking. These factors are driving the growth of this segment. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=24415649 By technology, the dripping technologies segment is projected to lead the microcapsule market forecast period. By technology, the dripping technologies segment is projected to grow with the highest CAGR during the forecast period. Dripping technologies include droplet extrusion through spinning disks, jet breakage systems, and coextrusion. These technologies are applied for liquid, solid, hydrophilic, and lipophilic materials. The major advantages of dripping technologies are biocompatibility and low particle size distribution, which is expected to drive the growth for dripping technologies. Also, growing demand for microencapsulated active ingredients in pharmaceutical industry to drive market growth for dripping technologies. South America to witness the highest growth rate in the microcapsule market. The microcapsule market in South America is projected to witness the highest CAGR from 2020 to 2025. Growing demand for microcapsule in sectors such as agriculture, food, textile, and flavor has contributed to the growth of the South America microcapsule market. In this region, the microcapsule market is majorly driven by Brazil and Argentina. Some of the leading players operating in the microcapsule market include BASF SE (Germany), International Flavors & Fragrances (US), Koninklijke DSM N.V. (Netherlands), Symrise AG (Germany), Givaudan S.A. (Switzerland), Sensient Technologies Corporation (US), Royal FrieslandCampina N.V. (Netherlands), Syngenta Crop Protection AG (Switzerland), Lycored Corp. (Israel), Koehler Innovative Solutions (Germany), Balchem Corporation (US), Capsul SAS (France), TasteTech Ltd. (UK), MicroCapsules Technologies (MCT) (France), INSILICO Co. Ltd. (South Korea), Matsumoto Yushi Seiyaku Co., Ltd. (Japan), Encapsys (US), Arcade Beauty (US), Reed Pacific (Australia), Firmenich SA (Switzerland), Ronald T. Dodge Company (US), Microtek Laboratories, Inc. (US), AVEKA, Inc. (US), INNOBIO (China), GAT Microencapsulation GmbH (Austria), BRACE GmbH (Germany), and Tagra Biotechnologies Ltd. (Israel). These players have adopted the strategies of expansions, acquisitions, new product launches, and partnerships to enhance their position in the market. Browse Adjacent Market: Specialty Chemicals Market ResearchReport & consulting About MarketsandMarkets MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact:Mr. Aashish MehraMarketsandMarkets INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [emailprotected]Research Insight: https://www.marketsandmarkets.com/ResearchInsight/microcapsule-market.asp Visit Our Website: https://www.marketsandmarkets.com/ Content Source: https://www.marketsandmarkets.com/PressReleases/microcapsule.asp SOURCE MarketsandMarkets Answer:

Microcapsule Market Worth $13.9 Billion by 2025 - Exclusive Report by MarketsandMarkets

CHICAGO, June 30, 2020 According to the new market research report "Microcapsule MarketBy Shell Material (Melamine, Non-Melamine), Core Material (Agricultural Inputs, Food Additives, Pharmaceutical & Healthcare Drugs, Fragrances, Phase Change Materials), End-use Industry , Technology, Region - Global Forecast to 2025", published by MarketsandMarkets, the Microcapsule Marketis projected to grow from USD 8.7 billion in 2020 to USD 13.9 billion by 2025, at a CAGR of 9.8% from 2020 to 2025. Factors like increasing demand from the food industry, high demand from the pharmaceutical industry, rising demand from the agrochemical sector, increased R&D activities for process efficiency to enhance market penetration, and widespread applications of microcapsules, are major factors driving the growth of this market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=24415649 Browsein-depth TOC on"Microcapsule Market" 136 Market Data Tables 41 Figures 231 Pages View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/microcapsule-market-24415649.html By shell material, the melamine segment is projected to grow with the highest CAGR during the forecast period By shell material, the melamine segment is projected to grow with the highest CAGR during the forecast period. The growth of the melamine segment is attributed to the increasing demand for formaldehyde-free melamine in personal care products. Additionally, melamine shell materials offer excellent retention capacity for volatile molecules and tunable mechanical properties that make these melamine capsules highly suitable as a formaldehyde-free alternative to conventional aminoplast microcapsules. These factors are driving the growth of this segment. By core material, the pharmaceutical & healthcare drugs segment to lead the microcapsule market during the forecast period By core material, the pharmaceutical & healthcare drugs segment led the microcapsule market in 2019 and is expected to witness significant growth during the forecast period. This growth is mainly attributed to the increasing demand for the masking of oral drug flavors to drive the growth of the pharmaceutical & healthcare drugs segment. Also, Intensive marketing by key players and increased applications of nutritional elements in functional and fortified foods drive the demand for pharmaceutical & healthcare drugs. By end-use industry, the pharmaceutical & healthcare segment to lead the microcapsule market during the forecast period. By end-use industry, the pharmaceutical & healthcare segment accounted for the largest share of the microcapsule market in 2019. This growth is mainly attributed to properties like controlled release of drugs, timely delivery of functional ingredients, and taste masking. These factors are driving the growth of this segment. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=24415649 By technology, the dripping technologies segment is projected to lead the microcapsule market forecast period. By technology, the dripping technologies segment is projected to grow with the highest CAGR during the forecast period. Dripping technologies include droplet extrusion through spinning disks, jet breakage systems, and coextrusion. These technologies are applied for liquid, solid, hydrophilic, and lipophilic materials. The major advantages of dripping technologies are biocompatibility and low particle size distribution, which is expected to drive the growth for dripping technologies. Also, growing demand for microencapsulated active ingredients in pharmaceutical industry to drive market growth for dripping technologies. South America to witness the highest growth rate in the microcapsule market. The microcapsule market in South America is projected to witness the highest CAGR from 2020 to 2025. Growing demand for microcapsule in sectors such as agriculture, food, textile, and flavor has contributed to the growth of the South America microcapsule market. In this region, the microcapsule market is majorly driven by Brazil and Argentina. Some of the leading players operating in the microcapsule market include BASF SE (Germany), International Flavors & Fragrances (US), Koninklijke DSM N.V. (Netherlands), Symrise AG (Germany), Givaudan S.A. (Switzerland), Sensient Technologies Corporation (US), Royal FrieslandCampina N.V. (Netherlands), Syngenta Crop Protection AG (Switzerland), Lycored Corp. (Israel), Koehler Innovative Solutions (Germany), Balchem Corporation (US), Capsul SAS (France), TasteTech Ltd. (UK), MicroCapsules Technologies (MCT) (France), INSILICO Co. Ltd. (South Korea), Matsumoto Yushi Seiyaku Co., Ltd. (Japan), Encapsys (US), Arcade Beauty (US), Reed Pacific (Australia), Firmenich SA (Switzerland), Ronald T. Dodge Company (US), Microtek Laboratories, Inc. (US), AVEKA, Inc. (US), INNOBIO (China), GAT Microencapsulation GmbH (Austria), BRACE GmbH (Germany), and Tagra Biotechnologies Ltd. (Israel). These players have adopted the strategies of expansions, acquisitions, new product launches, and partnerships to enhance their position in the market. Browse Adjacent Market: Specialty Chemicals Market ResearchReport & consulting About MarketsandMarkets MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact:Mr. Aashish MehraMarketsandMarkets INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [emailprotected]Research Insight: https://www.marketsandmarkets.com/ResearchInsight/microcapsule-market.asp Visit Our Website: https://www.marketsandmarkets.com/ Content Source: https://www.marketsandmarkets.com/PressReleases/microcapsule.asp SOURCE MarketsandMarkets

edtsum1125

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: CHARLOTTE, N.C., June 10, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that BB&T now Truist has earned the number one ranking in the J.D. Power 2020 U.S. Banking Mobile App Satisfaction Study SMamong national U.S. banks. After evaluating the ten largest U.S. national banks mobile banking apps, U by BB&T now Truist's mobile banking app rose to the top spot in customer satisfaction with top performance in the information/content and speed factors - for the first time leading this category against larger, national competitors. "At Truist, we're focused on offering our clients the right combination of technology and personal touch to help them take control of their finances, build financial confidence and make their financial lives easier," said Truist Chief Digital and Client Experience Officer Dont Wilson. "We're honored by this recognition and excited about what's ahead as we continue to co-create with our clients an even better digital and mobile experience as Truist." The U by BB&T mobile app is designed, and constantly improved, using client insights and feedback, and it delivers a streamlined experience for retail, wealth and small business clients. Some distinctive features include: A comprehensive view of financial accounts and ability to manage them all in one place Customization capabilities for a personalized experience Ability to create a budget, set goals, analyze investments with one simple login Quick view of account balance without having to logon to the app App shortcuts that link directly to common digital banking tasks like Zelle, bill pay and mobile check deposit A callback request feature for when clients need live support "We listen frequently and intently to our clients through our multi-faceted user research program, enabling us to focus our efforts on the features that matter most to our clients," Wilson added. "What defines excellence in a mobile banking app are ease of navigation, access to a range of services and information that is clearly and quickly delivered," said Jennifer White, senior consultant for Banking and Payment Intelligence at J.D. Power. "Innovative apps like U by BB&T now Truist offer customers these important benefits through a platform they have confidence in." The 2020 U.S. Banking Mobile App Satisfaction StudySMmeasures overall satisfaction with mobile banking applications based on four factors: navigation, visual appeal, speed and information/content. The study, fielded from March 5 to April 1, 2020 and is based on responses from 5,164 retail bank customers nationwide. About Truist Truist Financial Corporation is a purpose-driven financial services company committed to inspire and build better lives and communities. With 275 years of combined BB&T and SunTrust history, Truist serves approximately 12 million households with leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending and wealth management. Headquartered inCharlotte, North Carolina, Truist is the sixth-largest commercial bank in the U.S. with total assets of$506 billionas of March31, 2020. Truist Bank, Member FDIC. Learn more at Truist.com. About J.D. Power J.D. Power is a global leader in consumer insights, advisory services and data and analytics. These capabilities enable J.D. Power to help its clients drive customer satisfaction, growth and profitability. Established in 1968, J.D. Power has offices serving North America, Asia Pacific and Europe. SOURCE Truist Financial Corporation Related Links https://www.truist.com Answer:

BB&T now Truist Named No. 1 Mobile Banking App Among National U.S. Banks by J.D. Power

CHARLOTTE, N.C., June 10, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that BB&T now Truist has earned the number one ranking in the J.D. Power 2020 U.S. Banking Mobile App Satisfaction Study SMamong national U.S. banks. After evaluating the ten largest U.S. national banks mobile banking apps, U by BB&T now Truist's mobile banking app rose to the top spot in customer satisfaction with top performance in the information/content and speed factors - for the first time leading this category against larger, national competitors. "At Truist, we're focused on offering our clients the right combination of technology and personal touch to help them take control of their finances, build financial confidence and make their financial lives easier," said Truist Chief Digital and Client Experience Officer Dont Wilson. "We're honored by this recognition and excited about what's ahead as we continue to co-create with our clients an even better digital and mobile experience as Truist." The U by BB&T mobile app is designed, and constantly improved, using client insights and feedback, and it delivers a streamlined experience for retail, wealth and small business clients. Some distinctive features include: A comprehensive view of financial accounts and ability to manage them all in one place Customization capabilities for a personalized experience Ability to create a budget, set goals, analyze investments with one simple login Quick view of account balance without having to logon to the app App shortcuts that link directly to common digital banking tasks like Zelle, bill pay and mobile check deposit A callback request feature for when clients need live support "We listen frequently and intently to our clients through our multi-faceted user research program, enabling us to focus our efforts on the features that matter most to our clients," Wilson added. "What defines excellence in a mobile banking app are ease of navigation, access to a range of services and information that is clearly and quickly delivered," said Jennifer White, senior consultant for Banking and Payment Intelligence at J.D. Power. "Innovative apps like U by BB&T now Truist offer customers these important benefits through a platform they have confidence in." The 2020 U.S. Banking Mobile App Satisfaction StudySMmeasures overall satisfaction with mobile banking applications based on four factors: navigation, visual appeal, speed and information/content. The study, fielded from March 5 to April 1, 2020 and is based on responses from 5,164 retail bank customers nationwide. About Truist Truist Financial Corporation is a purpose-driven financial services company committed to inspire and build better lives and communities. With 275 years of combined BB&T and SunTrust history, Truist serves approximately 12 million households with leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending and wealth management. Headquartered inCharlotte, North Carolina, Truist is the sixth-largest commercial bank in the U.S. with total assets of$506 billionas of March31, 2020. Truist Bank, Member FDIC. Learn more at Truist.com. About J.D. Power J.D. Power is a global leader in consumer insights, advisory services and data and analytics. These capabilities enable J.D. Power to help its clients drive customer satisfaction, growth and profitability. Established in 1968, J.D. Power has offices serving North America, Asia Pacific and Europe. SOURCE Truist Financial Corporation Related Links https://www.truist.com

edtsum1135

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: RICHARDSON, Texas, April 29, 2020 /PRNewswire/ --MedeAnalytics, a healthcare analytics software-as-a-service (SaaS) leader, announced today the appointment of Kristen Aleksa Noftsger to senior vice president of Professional Services. Aleksa brings more than 20 years of experience leading software delivery functions and more than 17 years of experience in the healthcare industry. In her new role, Ms. Aleksa will be responsible for MedeAnalytics' product delivery services organization, overseeing implementations and upgrades for SaaS analytics products, while accelerating and completing the transformation of MedeAnalytics' delivery functions. Kristen Aleksa Noftsger, Senior Vice President, Professional Services at MedeAnalytics "Kristen's vast expertise and background in software delivery and healthcare distinctively positions her to bring refinement and efficiency to our professional services," said Scott Hampel, president of MedeAnalytics. "Her extensive experience building high-performing delivery organizations will strengthen our team, while ensuring we have the processes and tools needed to prescriptively execute key projects and programs. We are also grateful to have Kristen's expertise added to our executive leadership team." "I'm honored to join MedeAnalytics and bring my enterprise SaaS delivery and operations experienceto bear," said Aleksa, senior vice president of professional services at MedeAnalytics. "I'm looking forward to cultivating systems for accelerating processes and fostering cross-organizational collaboration to ensure our clients' implementations and upgrade needs are met." Previously, Aleksa was executive vice president of business operations at NexusTek, where she championed enterprise-level scale and operations efficiencies, in addition to leading the professional services, service desk and project management teams for three years. Aleksa also held numerous leadership positions in consulting operations and professional services for more than 17 years at TriZetto Corporation/Cognizant. Aleksa has a Master of Health Science degree in health policy from The Johns Hopkins University and a Bachelor of Arts degree in economics from University of Vermont. She was also recognized as a Denver Business Journal C-Suite Awards Honoree in 2018 for the category of Chief Operating Officer.About MedeAnalytics A leader in healthcare analytics, MedeAnalyticshelps organizations make even smarter decisions. With the most advanced data orchestration in healthcare, our intelligent cloud-based analytics platform combines data to deliver state-of-the-art analytics, all in a business context. MedeAnalytics' scalable solutions for financial management, operations, value-based care, and strategic planningand the ability to tailor-build applicationsdeliver the action-ready insights organizations need to achieve success. Helping clients realize financial and operational value almost immediately is just one of the many reasons why MedeAnalytics is the leading healthcare-only analytics provider. Media Contact: Steph GustafsonCommunications Specialist 720-838-6392[emailprotected] SOURCE MedeAnalytics Related Links http://www.medeanalytics.com Answer:

Kristen Aleksa Noftsger Joins MedeAnalytics as Senior Vice President, Professional Services

RICHARDSON, Texas, April 29, 2020 /PRNewswire/ --MedeAnalytics, a healthcare analytics software-as-a-service (SaaS) leader, announced today the appointment of Kristen Aleksa Noftsger to senior vice president of Professional Services. Aleksa brings more than 20 years of experience leading software delivery functions and more than 17 years of experience in the healthcare industry. In her new role, Ms. Aleksa will be responsible for MedeAnalytics' product delivery services organization, overseeing implementations and upgrades for SaaS analytics products, while accelerating and completing the transformation of MedeAnalytics' delivery functions. Kristen Aleksa Noftsger, Senior Vice President, Professional Services at MedeAnalytics "Kristen's vast expertise and background in software delivery and healthcare distinctively positions her to bring refinement and efficiency to our professional services," said Scott Hampel, president of MedeAnalytics. "Her extensive experience building high-performing delivery organizations will strengthen our team, while ensuring we have the processes and tools needed to prescriptively execute key projects and programs. We are also grateful to have Kristen's expertise added to our executive leadership team." "I'm honored to join MedeAnalytics and bring my enterprise SaaS delivery and operations experienceto bear," said Aleksa, senior vice president of professional services at MedeAnalytics. "I'm looking forward to cultivating systems for accelerating processes and fostering cross-organizational collaboration to ensure our clients' implementations and upgrade needs are met." Previously, Aleksa was executive vice president of business operations at NexusTek, where she championed enterprise-level scale and operations efficiencies, in addition to leading the professional services, service desk and project management teams for three years. Aleksa also held numerous leadership positions in consulting operations and professional services for more than 17 years at TriZetto Corporation/Cognizant. Aleksa has a Master of Health Science degree in health policy from The Johns Hopkins University and a Bachelor of Arts degree in economics from University of Vermont. She was also recognized as a Denver Business Journal C-Suite Awards Honoree in 2018 for the category of Chief Operating Officer.About MedeAnalytics A leader in healthcare analytics, MedeAnalyticshelps organizations make even smarter decisions. With the most advanced data orchestration in healthcare, our intelligent cloud-based analytics platform combines data to deliver state-of-the-art analytics, all in a business context. MedeAnalytics' scalable solutions for financial management, operations, value-based care, and strategic planningand the ability to tailor-build applicationsdeliver the action-ready insights organizations need to achieve success. Helping clients realize financial and operational value almost immediately is just one of the many reasons why MedeAnalytics is the leading healthcare-only analytics provider. Media Contact: Steph GustafsonCommunications Specialist 720-838-6392[emailprotected] SOURCE MedeAnalytics Related Links http://www.medeanalytics.com

edtsum1138

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: JUPITER, Fla., April 15, 2020 /PRNewswire/ --G4S, the leading global, integrated security company, today announced a partnership with Stabilitas, a critical event intelligence provider, to integrate their platform into G4S' Risk Operations Center (ROC). The result will be delivery of real-time, actionable and innovative intelligence to complement the ROC's situational awareness, analysis, crisis management and threat monitoring services from one dedicated location. The Stabilitas AI-based platform equips G4S ROC staff to deliver real-time intelligence, travel risk management, asset visualization and mass notifications to clients, employees, travelers and assets to keep their operations secure, a particularly valuable resource in the face of rapidly evolving global threats such as the COVID-19 pandemic. This solution is particularly relevant to companies that need to identify current and potential COVID-19 hotspots where they may have a high concentration of employees or suppliers, allowing them to inform staff and adjust operations due to local outbreaks. Stabilitas provides information about local policies and closures relevant to operations and supply chain as they happen. By coupling intelligence delivered by the Stabilitas AI with G4S ROC analysts resources, companies can have real-time access to information about areas with the most reports of COVID-19 as well as those with the highest day-on-day growth rates. As the nation looks to the future, these correlation tools and analysis are expected to be increasingly useful as clients seek to understand where and when employees have been most at risk. "The recent COVID-19 outbreak has made evident the need for local intelligence that can be globally communicated, as businesses with people and operations around the world need quick, comprehensive and actionable information to effectively respond to hotspots and make business-critical decisions daily," said G4S Americas CEO John Kenning. "G4S ROC analysts are able to use the Stabilitas' AI platform to provide customers with actionable data to help protect their employees, operations and assets. Our strategic partnership with Stabilitas enhances the integrated security service offerings we provide customers under our Security Operations Center (SOC) Practice." Stabilitas' AI-based platform also equips G4S ROC staff to deliver real-time intelligence, travel risk management, asset visualization and mass notifications to clients, employees, travelers and assets to keep their operations secure, a particularly valuable resource in the face of rapidly evolving global threats such as the COVID-19 pandemic. The platform filters more than 17,000 trusted data sources across government, weather and geological, local and international, social media, IoT networks and other external data sources into a single feed that identifies critical events and correlates those on a global scale, far surpassing the capabilities of manual monitoring and analysis processes.The addition of the Stabilitas platform rounds out the full end-to-end solution provided by G4S' recently launched ROC, which debuted in 2019 at the G4S Americas Headquarters facility in Jupiter, Florida. ROC capabilities and features include: The Global Security Operations Center (GSOC) as a service; Intelligence as a service; Situational awareness monitoring and alerting; Security data analytics reporting; Remote video monitoring; Travel risk management; Global crisis management and 24/7 response. Though based in one central location, all ROC activity and data is backed up by a fully redundant site to safeguard service continuity.About G4SG4S is the leading global, integrated security company, specializing in the provision of security services and solutions to customers. Our mission is to create material, sustainable value for our customers and shareholders by being the supply partner of choice in all our markets.G4S is quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S is active in around 90 countries and has around 546,000 employees. For more information about G4S, visitg4s.us.About StabilitasStabilitas (www.stabilitas.io) helps organizations protect the things that matter to them. Whether they're looking to understand what's happening next door or on the other side of the world, Stabilitas keeps them informed using its AI Critical Event Intelligence engine to detect critical events, correlate those to an organizations people, assets, facilities, products, suppliers, customers and even competitors and then delivering that actionable intelligence into the hands of the individuals and teams to make better business decisions. SOURCE G4S Related Links http://www.g4s.us/en-US Answer:

G4S Adds AI-based Stabilitas Critical Event Intelligence Engine to its Risk Operations Center (ROC) Offering G4S-Stabilitas solution can help organizations track COVID-19 hotspots to prepare, monitor, alert and respond to local outbreaks

JUPITER, Fla., April 15, 2020 /PRNewswire/ --G4S, the leading global, integrated security company, today announced a partnership with Stabilitas, a critical event intelligence provider, to integrate their platform into G4S' Risk Operations Center (ROC). The result will be delivery of real-time, actionable and innovative intelligence to complement the ROC's situational awareness, analysis, crisis management and threat monitoring services from one dedicated location. The Stabilitas AI-based platform equips G4S ROC staff to deliver real-time intelligence, travel risk management, asset visualization and mass notifications to clients, employees, travelers and assets to keep their operations secure, a particularly valuable resource in the face of rapidly evolving global threats such as the COVID-19 pandemic. This solution is particularly relevant to companies that need to identify current and potential COVID-19 hotspots where they may have a high concentration of employees or suppliers, allowing them to inform staff and adjust operations due to local outbreaks. Stabilitas provides information about local policies and closures relevant to operations and supply chain as they happen. By coupling intelligence delivered by the Stabilitas AI with G4S ROC analysts resources, companies can have real-time access to information about areas with the most reports of COVID-19 as well as those with the highest day-on-day growth rates. As the nation looks to the future, these correlation tools and analysis are expected to be increasingly useful as clients seek to understand where and when employees have been most at risk. "The recent COVID-19 outbreak has made evident the need for local intelligence that can be globally communicated, as businesses with people and operations around the world need quick, comprehensive and actionable information to effectively respond to hotspots and make business-critical decisions daily," said G4S Americas CEO John Kenning. "G4S ROC analysts are able to use the Stabilitas' AI platform to provide customers with actionable data to help protect their employees, operations and assets. Our strategic partnership with Stabilitas enhances the integrated security service offerings we provide customers under our Security Operations Center (SOC) Practice." Stabilitas' AI-based platform also equips G4S ROC staff to deliver real-time intelligence, travel risk management, asset visualization and mass notifications to clients, employees, travelers and assets to keep their operations secure, a particularly valuable resource in the face of rapidly evolving global threats such as the COVID-19 pandemic. The platform filters more than 17,000 trusted data sources across government, weather and geological, local and international, social media, IoT networks and other external data sources into a single feed that identifies critical events and correlates those on a global scale, far surpassing the capabilities of manual monitoring and analysis processes.The addition of the Stabilitas platform rounds out the full end-to-end solution provided by G4S' recently launched ROC, which debuted in 2019 at the G4S Americas Headquarters facility in Jupiter, Florida. ROC capabilities and features include: The Global Security Operations Center (GSOC) as a service; Intelligence as a service; Situational awareness monitoring and alerting; Security data analytics reporting; Remote video monitoring; Travel risk management; Global crisis management and 24/7 response. Though based in one central location, all ROC activity and data is backed up by a fully redundant site to safeguard service continuity.About G4SG4S is the leading global, integrated security company, specializing in the provision of security services and solutions to customers. Our mission is to create material, sustainable value for our customers and shareholders by being the supply partner of choice in all our markets.G4S is quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S is active in around 90 countries and has around 546,000 employees. For more information about G4S, visitg4s.us.About StabilitasStabilitas (www.stabilitas.io) helps organizations protect the things that matter to them. Whether they're looking to understand what's happening next door or on the other side of the world, Stabilitas keeps them informed using its AI Critical Event Intelligence engine to detect critical events, correlate those to an organizations people, assets, facilities, products, suppliers, customers and even competitors and then delivering that actionable intelligence into the hands of the individuals and teams to make better business decisions. SOURCE G4S Related Links http://www.g4s.us/en-US

edtsum1142

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: VANCOUVER, British Columbia--(BUSINESS WIRE)--Lucidea, developer of Argus and leader in innovative museum collections management software, is a sponsor for the Museum Computer Networks virtual conference on November 10-12 & 17-19. Lucidea and Argus are a great fit for this years theme of Sustainability: Preserve, Progress because their powerful CMS offers comprehensive collections management capabilities, and takes museum staff and visitors furtheroffering community curation/co-curation, a dynamic online presence, and full multimedia support for an engaging and immersive visitor experience. Argus is flexible, extensible, and always up-to-datesolving todays collections management challenges, and ready for tomorrows. For further information about Argus, visit https://lucidea.com/argus, phone 604 278 6717, or email sales@lucidea.com. Answer:

Lucidea Sponsors Meetup at MCN 2020 Virtual Conference

VANCOUVER, British Columbia--(BUSINESS WIRE)--Lucidea, developer of Argus and leader in innovative museum collections management software, is a sponsor for the Museum Computer Networks virtual conference on November 10-12 & 17-19. Lucidea and Argus are a great fit for this years theme of Sustainability: Preserve, Progress because their powerful CMS offers comprehensive collections management capabilities, and takes museum staff and visitors furtheroffering community curation/co-curation, a dynamic online presence, and full multimedia support for an engaging and immersive visitor experience. Argus is flexible, extensible, and always up-to-datesolving todays collections management challenges, and ready for tomorrows. For further information about Argus, visit https://lucidea.com/argus, phone 604 278 6717, or email sales@lucidea.com.

edtsum1144

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) reported net income1 of $4.2 million, or $0.03 per diluted share, for the fourth quarter 2020 compared to $8.1 million, or $0.05 per diluted share, for the fourth quarter 2019 and $24.5 million, or $0.16 per diluted share, for the third quarter 2020. Adjusted EBITDA2 was $35.3 million for the fourth quarter 2020 compared to $33.3 million for the fourth quarter 2019 and $52.7 million for the third quarter 2020. For the full year 2020, Helix reported net income of $22.2 million, or $0.13 per diluted share, compared to $57.9 million, or $0.38 per diluted share, for the full year 2019. Adjusted EBITDA for the full year 2020 was $155.3 million compared to $180.1 million for the full year 2019. The table below summarizes our results of operations: Summary of Results ($ in thousands, except per share amounts, unaudited) $ 159,897 $ 170,749 $ 193,490 $ 733,555 $ 751,909 $ 13,695 $ 26,576 $ 34,628 $ 79,909 $ 137,838 9% 16% 18% 11% 18% $ 4,163 $ 8,052 $ 24,499 $ 22,174 $ 57,919 $ 0.03 $ 0.05 $ 0.16 $ 0.13 $ 0.38 $ 35,283 $ 33,277 $ 52,719 $ 155,260 $ 180,088 $ 291,320 $ 208,431 $ 259,334 $ 291,320 $ 208,431 $ 40,172 $ 79,792 $ 52,586 $ 98,800 $ 169,669 Owen Kratz, President and Chief Executive Officer of Helix, stated, The COVID-19 pandemic and its impact on the global economy and energy industry has resulted in unprecedented challenges for our business, with the decline in activity due to the erosion of demand for oil and gas. Despite these challenges, our team has been resilient and finished the year with strong safety and operational performance. We have continued to reduce our cost structure relative to our activity levels, and we have protected our balance sheet and reduced our debt levels. With customer focus on green energy, we continued to expand our footprint in the renewables market during 2020 with the Robotics renewables site clearance project in the North Sea and the trenching project offshore Virginia. We also expanded and diversified our Well Intervention business with the addition of the Q7000, which commenced operations in West Africa. We expect the challenges of 2020 to persist into 2021. However, we remain committed to de-levering our balance sheet and executing our goals in this market while keeping our employees and our customers safe. Net income attributable to common shareholders 2 Adjusted EBITDA is a non-GAAP financial measure. See reconciliation below 3 Excludes restricted cash of $54.1 million as of 12/31/19 Segment Information, Operational and Financial Highlights ($ in thousands, unaudited) $ 111,953 $ 141,789 $ 140,803 $ 539,249 $ 593,300 42,122 35,276 49,802 178,018 171,672 15,002 16,559 14,167 58,303 61,210 (9,180 ) (22,875 ) (11,282 ) (42,015 ) (74,273 ) $ 159,897 $ 170,749 $ 193,490 $ 733,555 $ 751,909 $ 1,945 $ 15,562 $ 18,844 $ 26,855 $ 89,564 1,815 (660 ) 6,982 13,755 7,261 4,833 5,253 4,134 15,975 17,160 - - - (6,689 ) - (7,750 ) (14,497 ) (10,945 ) (36,871 ) (45,988 ) $ 843 $ 5,658 $ 19,015 $ 13,025 $ 67,997 Fourth Quarter Results Segment Results Well Intervention Well Intervention revenues decreased $28.9 million, or 20%, from the prior quarter. The decrease was primarily due to lower vessel utilization in the North Sea and the Gulf of Mexico. North Sea vessel utilization on the Well Enhancer declined with the seasonal slowdown, and the Seawell remained idle during the fourth quarter. The Q7000 entered the fourth quarter idle but subsequently commenced its mobilization back to Nigeria. Overall Well Intervention vessel utilization declined to 56% compared to 68% during the prior quarter. Well Intervention income from operations decreased $16.9 million, or 90%, compared to the prior quarter primarily due to lower revenues, offset in part by lower costs during the fourth quarter. Well Intervention revenues decreased $29.8 million, or 21%, in the fourth quarter 2020 compared to the fourth quarter 2019 due to lower utilization in the North Sea and the Gulf of Mexico and weaker foreign currency rates in Brazil, offset in part by higher rates in the Gulf of Mexico on the Q5000. Well Intervention vessel utilization decreased to 56% in the fourth quarter 2020 from 92% in the fourth quarter 2019. Income from operations decreased $13.6 million, or 88%, in the fourth quarter 2020 compared to the fourth quarter 2019 primarily due to lower revenues, offset in part by lower costs during the fourth quarter 2020. Robotics Robotics revenues decreased $7.7 million, or 15%, from the previous quarter primarily due to a decrease in vessel days associated with the completion of the site clearance project in the North Sea and a decrease in trenching activity and ROV utilization during the fourth quarter. Chartered vessel utilization was 100% during the fourth quarter compared to 95% during the previous quarter. However, total vessel days decreased to 336 days during the fourth quarter compared to 450 days during the previous quarter. ROV, trencher and ROVDrill utilization decreased to 32% during the fourth quarter compared to 37% during the previous quarter, and the fourth quarter included 92 days of trencher utilization compared to 154 days in the previous quarter, including 92 days on third-party vessels. Robotics income from operations decreased $5.2 million, or 74%, from the prior quarter primarily due to lower revenues. Robotics revenues increased $6.8 million, or 19%, compared to the fourth quarter 2019 primarily due to an increase in vessel days, which included chartered vessels on the renewables site clearance project in the North Sea, offset in part by a decrease in trenching and ROV activity during the fourth quarter 2020. Chartered vessel utilization was 100% in the fourth quarter 2020 compared to 73% in the fourth quarter 2019. There were 336 vessel days during the fourth quarter 2020, which included 74 days from the North Sea renewables site clearance project, compared to 210 vessel days during the fourth quarter 2019. ROV, trencher and ROVDrill utilization decreased to 32% in the fourth quarter 2020, which included 92 days of trencher utilization, compared to 41% in the same quarter 2019, which included 123 days of trencher utilization including 59 days on third-party vessels. Income from operations in the fourth quarter 2020 increased $2.5 million compared to the fourth quarter 2019 primarily due to higher revenues. Production Facilities Production Facilities revenues increased $0.8 million in the fourth quarter 2020 compared to the previous quarter due to higher oil and gas production revenues during the fourth quarter, and decreased $1.6 million compared to the fourth quarter 2019 due to lower revenues from the Helix Fast Response System, offset in part by higher production revenues during the fourth quarter 2020. The fourth quarter 2019 benefitted from approximately $2.0 million of residual revenue from our previous contract on the Helix Fast Response System that was linked to 2019 utilization of our Gulf of Mexico Well Intervention vessels by HWCG members. Selling, General and Administrative and Other Selling, General and Administrative Selling, general and administrative expenses were $12.8 million, or 8.0% of revenue, in the fourth quarter 2020 compared to $16.1 million, or 8.3% of revenue, in the third quarter 2020. The decrease was primarily due to lower costs related to employee incentive compensation and other employee benefits compared to the third quarter. Gain on Extinguishment of Long-term Debt Helix recognized a $9.2 million gain on extinguishment of long-term debt associated with our repurchase of a portion of our convertible senior notes due 2022 and 2023 during the third quarter 2020. We had no extinguishments during the fourth quarter 2020. Other Income, net Other income, net decreased $0.4 million in the fourth quarter 2020 compared to the prior quarter. The change was primarily due to lower foreign currency gains in the fourth quarter. Cash Flows Operating cash flows were $40.2 million in the fourth quarter 2020 compared to $52.6 million in the third quarter 2020 and $79.8 million in the fourth quarter 2019. The decrease in operating cash flows quarter over quarter was primarily due to lower operating income offset by improvements in working capital compared to the prior quarter. The decrease year over year was primarily due to lower operating income and smaller improvements in working capital in the fourth quarter 2020 compared to the same quarter 2019. Capital expenditures totaled $1.1 million in the fourth quarter 2020 compared to $1.6 million in the previous quarter and $95.2 million in the fourth quarter 2019. Capital expenditures during the fourth quarter 2019 were primarily related to completion of the Q7000, which commenced operations during the first quarter 2020. Free cash flow was $39.1 million in the fourth quarter 2020 compared to $51.4 million in the third quarter 2020 and $(15.4) million in the fourth quarter 2019. The decrease quarter over quarter was primarily due to lower operating cash flows in the fourth quarter 2020 compared to the previous quarter. The increase year over year was primarily due to lower capital expenditures, offset in part by lower operating cash flows, during the fourth quarter 2020 compared to the fourth quarter 2019. (Free cash flow is a non-GAAP measure. See reconciliation below.) Full Year Results Segment Results Well Intervention Well Intervention revenues decreased by $54.1 million, or 9%, in 2020 compared to 2019. The decrease was primarily driven by lower vessel utilization in the North Sea and Gulf of Mexico, lower IRS rental utilization and lower foreign currency rates in Brazil. The decrease in revenues was offset in part by revenues on the Q7000, which commenced operations offshore West Africa in January 2020. Vessel utilization in the North Sea and Gulf of Mexico were negatively impacted by the downturn in the offshore oil and gas market due to the COVID-19 pandemic, which resulted in our warm-stacking the Seawell and the Q7000, as well as scheduled regulatory certification inspections in the Gulf of Mexico during the first quarter 2020. Overall Well Intervention vessel utilization decreased to 67% in 2020 from 89% in 2019, and 2020 had 257 fewer utilized vessel days compared to 2019. Our 2019 Well Intervention revenues also included approximately $3.9 million of contractual adjustments related to increases in withholding taxes in Brazil. Well Intervention operating income decreased $62.7 million, or 70%, in 2020 compared to 2019 primarily due to lower revenues and higher operating expenses associated with the Q7000. Robotics Robotics revenues increased by $6.3 million, or 4%, in 2020 compared to 2019. The increase was due to improvements in chartered vessel utilization, offset in part by lower ROV, trencher and ROVDrill utilization. Chartered vessel utilization increased to 94%, which included 1,690 vessel days, in 2020 compared to 87%, which included 1,086 vessel days, in 2019. Vessel days associated with our renewables site clearance project in the North Sea Site totaled 647 days in 2020 compared to 29 days in 2019. ROV, trencher and ROVDrill utilization decreased to 34% in 2020 compared to 41% in 2019. We generated 407 days of trenching, including 161 days on third-party vessels, in 2020 compared to 729 days of trenching, including 245 days on third-party vessels, in 2019. Robotics operating income increased $6.5 million, or 89%, in 2020 compared to 2019. The improvement in operating income was due to higher revenues as well as a full year of cost reductions relating to certain vessels, including the termination of the Grand Canyon charter in November 2019 and the expirations of the hedge of the Grand Canyon II charter payments in July 2019 and the hedge of the Grand Canyon III charter payments in February 2020. Production Facilities Production Facilities revenues decreased $2.9 million, or 5%, in 2020 compared to 2019. The decrease was due to reduced revenues related to the Helix Fast Response System and a reduction in oil and gas production revenues in 2020. Production Facilities operating income decreased $1.2 million from the prior year primarily due to decreases in revenues in 2020. Selling, General and Administrative and Other Selling, General and Administrative Selling, general and administrative expenses were $61.1 million, or 8.3% of revenue, in 2020 compared to $69.8 million, or 9.3% of revenue, in 2019. The decrease was primarily related to a decrease in employee compensation costs and other cost saving measures, offset in part by credit provisions of $2.7 million in 2020. Net Interest Expense Net interest expense increased to $28.5 million in 2020 from $8.3 million in 2019. The increase was primarily associated with lower capitalized interest in 2020 with the completion of the Q7000 in January 2020 and higher yields associated with the convertible senior notes due 2026 issued in August 2020. Gain on Extinguishment of Long-term Debt The $9.2 million gain on extinguishment of long-term debt in 2020 was associated with our repurchase of the convertible notes due 2022 and 2023. Other Income, net Other income, net increased $3.6 million in 2020 compared to 2019. The change was primarily due higher foreign currency gains in 2020 compared to 2019. Income Tax Provision (Benefit) Income tax benefit was $18.7 million in 2020 compared to income tax expense of $7.9 million in 2019. In addition to lower income before income taxes in 2020, Helix also recognized a $7.6 million net tax benefit in 2020 related to the Coronavirus Aid, Relief, and Economic Security Act and an $8.3 million benefit related to the restructuring of certain foreign subsidiaries during 2020. Cash Flows Helix generated operating cash flows of $98.8 million in 2020 compared to $169.7 million in 2019. The decrease in operating cash flows in 2020 was due to lower earnings and larger increases in working capital in 2020 compared to 2019. Capital expenditures declined to $20.2 million in 2020 compared to $140.9 million in 2019 primarily as a result of the completion of the Q7000 in early 2020. Free cash flow was $79.5 million in 2020 compared to $31.4 million in 2019 due to lower capital expenditures, offset in part by lower operating cash flows. (Free cash flow is a non-GAAP measure. See reconciliation below.) Financial Condition and Liquidity Cash and cash equivalents were $291.3 million and available capacity under our revolving credit facility was $160.2 million at December 31, 2020. Consolidated long-term debt decreased to $349.6 million at December 31, 2020 from $356.9 million at September 30, 2020. Consolidated net debt at December 31, 2020 was $58.2 million compared to $97.6 million at September 30, 2020. Net debt to book capitalization at December 31, 2020 was 3% compared to 5% at September 30, 2020. (Net debt and net debt to book capitalization are non-GAAP measures. See reconciliation below.) Conference Call Information Further details are provided in the presentation for Helixs quarterly webcast and teleconference to review its fourth quarter and full year 2020 results (see the "Investor Relations" page of Helixs website, www.HelixESG.com). The teleconference, scheduled for Tuesday, February 23, 2021 at 9:00 a.m. Central Time, will be audio webcast live from the "For the Investor" page of Helixs website. Investors and other interested parties wishing to participate in the teleconference may join by dialing 1-800-926-5188 for participants in the United States and 1-303-223-0120 for international participants. The passcode is "Staffeldt." A replay of the webcast will be available on our website under "For the Investor" by selecting the "Audio Archives" link beginning approximately two hours after the completion of the event. About Helix Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. For more information about Helix, please visit our website at www.HelixESG.com. Non-GAAP Financial Measures Management evaluates performance and financial condition using certain non-GAAP measures, primarily EBITDA, Adjusted EBITDA, net debt, net debt to book capitalization and free cash flow. We define EBITDA as earnings before income taxes, net interest expense, gain or loss on extinguishment of long-term debt, net other income or expense, and depreciation and amortization expense. Non-cash impairment losses on goodwill and other long-lived assets and gains and losses on equity investments are also added back if applicable. To arrive at our measure of Adjusted EBITDA, we exclude the gain or loss on disposition of assets and the general provision for current expected credit losses, if any. In addition, we include realized losses from foreign currency exchange contracts not designated as hedging instruments and other than temporary loss on note receivable, which are excluded from EBITDA as a component of net other income or expense. Net debt is calculated as total long-term debt less cash and cash equivalents and restricted cash. Net debt to book capitalization is calculated by dividing net debt by the sum of net debt and shareholders equity. We define free cash flow as cash flows from operating activities less capital expenditures, net of proceeds from sale of assets. We use EBITDA and free cash flow to monitor and facilitate internal evaluation of the performance of our business operations, to facilitate external comparison of our business results to those of others in our industry, to analyze and evaluate financial and strategic planning decisions regarding future investments and acquisitions, to plan and evaluate operating budgets, and in certain cases, to report our results to the holders of our debt as required by our debt covenants. We believe that our measures of EBITDA and free cash flow provide useful information to the public regarding our operating performance and ability to service debt and fund capital expenditures and may help our investors understand and compare our results to other companies that have different financing, capital and tax structures. Other companies may calculate their measures of EBITDA, Adjusted EBITDA and free cash flow differently from the way we do, which may limit their usefulness as comparative measures. EBITDA, Adjusted EBITDA and free cash flow should not be considered in isolation or as a substitute for, but instead are supplemental to, income from operations, net income, cash flows from operating activities, or other income or cash flow data prepared in accordance with GAAP. Users of this financial information should consider the types of events and transactions that are excluded from these measures. See reconciliation of the non-GAAP financial information presented in this press release to the most directly comparable financial information presented in accordance with GAAP. Forward-Looking Statements This press release contains forward-looking statements that involve risks, uncertainties and assumptions that could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, any statements regarding the ongoing COVID-19 pandemic and oil price volatility and their respective effects and results, our protocols and plans, our current work continuing, the spot market, our spending and cost reduction plans and our ability to manage changes; our strategy; any statements regarding visibility and future utilization; any projections of financial items; any statements regarding future operations expenditures; any statements regarding the plans, strategies and objectives of management for future operations; any statements regarding our ability to enter into, renew and/or perform commercial contracts; any statements concerning developments; any statements regarding future economic conditions or performance; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Forward-looking statements are subject to a number of known and unknown risks, uncertainties and other factors that could cause results to differ materially from those in the forward-looking statements, including but not limited to the results and effects of the COVID-19 pandemic and actions by governments, customers, suppliers and partners with respect thereto; market conditions; results from acquired properties; demand for our services; the performance of contracts by suppliers, customers and partners; actions by governmental and regulatory authorities including recent regulatory initiatives by the new U.S. administration; operating hazards and delays, which include delays in delivery, chartering or customer acceptance of assets or terms of their acceptance; our ultimate ability to realize current backlog; employee management issues; complexities of global political and economic developments; geologic risks; volatility of oil and gas prices and other risks described from time to time in our reports filed with the Securities and Exchange Commission (SEC), including our most recently filed Annual Report on Form 10-K and in our other filings with the SEC, which are available free of charge on the SECs website at www.sec.gov. We assume no obligation and do not intend to update these forward-looking statements, which speak only as of their respective dates, except as required by the securities laws. Social Media From time to time we provide information about Helix on Twitter (@Helix_ESG), LinkedIn (www.linkedin.com/company/helix-energy-solutions-group), Facebook (www.facebook.com/HelixEnergySolutionsGroup) and Instagram (www.instagram.com/helixenergysolutions). 2020 2019 2020 2019 $ 159,897 $ 170,749 $ 733,555 $ 751,909 146,202 144,173 653,646 614,071 13,695 26,576 79,909 137,838 - - (6,689 ) - (24 ) - 889 - (12,828 ) (20,918 ) (61,084 ) (69,841 ) 843 5,658 13,025 67,997 249 1,521 216 1,439 (8,124 ) (2,129 ) (28,531 ) (8,333 ) - - 9,239 (18 ) 8,396 3,595 4,724 1,165 184 409 2,710 3,306 1,548 9,054 1,383 65,556 (2,569 ) 1,120 (18,701 ) 7,859 4,117 7,934 20,084 57,697 (46 ) (118 ) (2,090 ) (222 ) $ 4,163 $ 8,052 $ 22,174 $ 57,919 $ 0.03 $ 0.05 $ 0.13 $ 0.39 $ 0.03 $ 0.05 $ 0.13 $ 0.38 149,106 147,625 148,993 147,536 150,156 150,182 149,897 149,577 $ 291,320 $ 208,431 - 54,130 132,233 125,457 102,092 50,450 525,645 438,468 1,782,964 1,872,637 149,656 201,118 40,013 84,508 $ 2,498,278 $ 2,596,731 $ 50,022 $ 69,055 87,035 62,389 90,651 99,731 51,599 53,785 279,307 284,960 258,912 306,122 101,009 151,827 110,821 112,132 3,878 38,644 3,855 3,455 1,740,496 1,699,591 $ 2,498,278 $ 2,596,731 (1) $ 4,117 $ 7,934 $ 24,445 $ 20,084 $ 57,697 (2,569 ) 1,120 5,232 (18,701 ) 7,859 8,124 2,129 7,598 28,531 8,333 - - (9,239 ) (9,239 ) 18 (8,396 ) (3,595 ) (8,824 ) (4,724 ) (1,165 ) 34,157 28,300 33,985 133,709 112,720 - - - 6,689 - (264 ) (1,613 ) - (264 ) (1,613 ) 35,169 34,275 53,197 156,085 183,849 24 - (440 ) (889 ) - 90 - (38 ) 746 - - (998 ) - (682 ) (3,761 ) $ 35,283 $ 33,277 $ 52,719 $ 155,260 $ 180,088 $ 40,172 $ 79,792 $ 52,586 $ 98,800 $ 169,669 (1,026 ) (95,218 ) (1,174 ) (19,281 ) (138,304 ) $ 39,146 $ (15,426 ) $ 51,412 $ 79,519 $ 31,365 Answer:

Helix Reports Fourth Quarter and Full Year 2020 Results

HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) reported net income1 of $4.2 million, or $0.03 per diluted share, for the fourth quarter 2020 compared to $8.1 million, or $0.05 per diluted share, for the fourth quarter 2019 and $24.5 million, or $0.16 per diluted share, for the third quarter 2020. Adjusted EBITDA2 was $35.3 million for the fourth quarter 2020 compared to $33.3 million for the fourth quarter 2019 and $52.7 million for the third quarter 2020. For the full year 2020, Helix reported net income of $22.2 million, or $0.13 per diluted share, compared to $57.9 million, or $0.38 per diluted share, for the full year 2019. Adjusted EBITDA for the full year 2020 was $155.3 million compared to $180.1 million for the full year 2019. The table below summarizes our results of operations: Summary of Results ($ in thousands, except per share amounts, unaudited) $ 159,897 $ 170,749 $ 193,490 $ 733,555 $ 751,909 $ 13,695 $ 26,576 $ 34,628 $ 79,909 $ 137,838 9% 16% 18% 11% 18% $ 4,163 $ 8,052 $ 24,499 $ 22,174 $ 57,919 $ 0.03 $ 0.05 $ 0.16 $ 0.13 $ 0.38 $ 35,283 $ 33,277 $ 52,719 $ 155,260 $ 180,088 $ 291,320 $ 208,431 $ 259,334 $ 291,320 $ 208,431 $ 40,172 $ 79,792 $ 52,586 $ 98,800 $ 169,669 Owen Kratz, President and Chief Executive Officer of Helix, stated, The COVID-19 pandemic and its impact on the global economy and energy industry has resulted in unprecedented challenges for our business, with the decline in activity due to the erosion of demand for oil and gas. Despite these challenges, our team has been resilient and finished the year with strong safety and operational performance. We have continued to reduce our cost structure relative to our activity levels, and we have protected our balance sheet and reduced our debt levels. With customer focus on green energy, we continued to expand our footprint in the renewables market during 2020 with the Robotics renewables site clearance project in the North Sea and the trenching project offshore Virginia. We also expanded and diversified our Well Intervention business with the addition of the Q7000, which commenced operations in West Africa. We expect the challenges of 2020 to persist into 2021. However, we remain committed to de-levering our balance sheet and executing our goals in this market while keeping our employees and our customers safe. Net income attributable to common shareholders 2 Adjusted EBITDA is a non-GAAP financial measure. See reconciliation below 3 Excludes restricted cash of $54.1 million as of 12/31/19 Segment Information, Operational and Financial Highlights ($ in thousands, unaudited) $ 111,953 $ 141,789 $ 140,803 $ 539,249 $ 593,300 42,122 35,276 49,802 178,018 171,672 15,002 16,559 14,167 58,303 61,210 (9,180 ) (22,875 ) (11,282 ) (42,015 ) (74,273 ) $ 159,897 $ 170,749 $ 193,490 $ 733,555 $ 751,909 $ 1,945 $ 15,562 $ 18,844 $ 26,855 $ 89,564 1,815 (660 ) 6,982 13,755 7,261 4,833 5,253 4,134 15,975 17,160 - - - (6,689 ) - (7,750 ) (14,497 ) (10,945 ) (36,871 ) (45,988 ) $ 843 $ 5,658 $ 19,015 $ 13,025 $ 67,997 Fourth Quarter Results Segment Results Well Intervention Well Intervention revenues decreased $28.9 million, or 20%, from the prior quarter. The decrease was primarily due to lower vessel utilization in the North Sea and the Gulf of Mexico. North Sea vessel utilization on the Well Enhancer declined with the seasonal slowdown, and the Seawell remained idle during the fourth quarter. The Q7000 entered the fourth quarter idle but subsequently commenced its mobilization back to Nigeria. Overall Well Intervention vessel utilization declined to 56% compared to 68% during the prior quarter. Well Intervention income from operations decreased $16.9 million, or 90%, compared to the prior quarter primarily due to lower revenues, offset in part by lower costs during the fourth quarter. Well Intervention revenues decreased $29.8 million, or 21%, in the fourth quarter 2020 compared to the fourth quarter 2019 due to lower utilization in the North Sea and the Gulf of Mexico and weaker foreign currency rates in Brazil, offset in part by higher rates in the Gulf of Mexico on the Q5000. Well Intervention vessel utilization decreased to 56% in the fourth quarter 2020 from 92% in the fourth quarter 2019. Income from operations decreased $13.6 million, or 88%, in the fourth quarter 2020 compared to the fourth quarter 2019 primarily due to lower revenues, offset in part by lower costs during the fourth quarter 2020. Robotics Robotics revenues decreased $7.7 million, or 15%, from the previous quarter primarily due to a decrease in vessel days associated with the completion of the site clearance project in the North Sea and a decrease in trenching activity and ROV utilization during the fourth quarter. Chartered vessel utilization was 100% during the fourth quarter compared to 95% during the previous quarter. However, total vessel days decreased to 336 days during the fourth quarter compared to 450 days during the previous quarter. ROV, trencher and ROVDrill utilization decreased to 32% during the fourth quarter compared to 37% during the previous quarter, and the fourth quarter included 92 days of trencher utilization compared to 154 days in the previous quarter, including 92 days on third-party vessels. Robotics income from operations decreased $5.2 million, or 74%, from the prior quarter primarily due to lower revenues. Robotics revenues increased $6.8 million, or 19%, compared to the fourth quarter 2019 primarily due to an increase in vessel days, which included chartered vessels on the renewables site clearance project in the North Sea, offset in part by a decrease in trenching and ROV activity during the fourth quarter 2020. Chartered vessel utilization was 100% in the fourth quarter 2020 compared to 73% in the fourth quarter 2019. There were 336 vessel days during the fourth quarter 2020, which included 74 days from the North Sea renewables site clearance project, compared to 210 vessel days during the fourth quarter 2019. ROV, trencher and ROVDrill utilization decreased to 32% in the fourth quarter 2020, which included 92 days of trencher utilization, compared to 41% in the same quarter 2019, which included 123 days of trencher utilization including 59 days on third-party vessels. Income from operations in the fourth quarter 2020 increased $2.5 million compared to the fourth quarter 2019 primarily due to higher revenues. Production Facilities Production Facilities revenues increased $0.8 million in the fourth quarter 2020 compared to the previous quarter due to higher oil and gas production revenues during the fourth quarter, and decreased $1.6 million compared to the fourth quarter 2019 due to lower revenues from the Helix Fast Response System, offset in part by higher production revenues during the fourth quarter 2020. The fourth quarter 2019 benefitted from approximately $2.0 million of residual revenue from our previous contract on the Helix Fast Response System that was linked to 2019 utilization of our Gulf of Mexico Well Intervention vessels by HWCG members. Selling, General and Administrative and Other Selling, General and Administrative Selling, general and administrative expenses were $12.8 million, or 8.0% of revenue, in the fourth quarter 2020 compared to $16.1 million, or 8.3% of revenue, in the third quarter 2020. The decrease was primarily due to lower costs related to employee incentive compensation and other employee benefits compared to the third quarter. Gain on Extinguishment of Long-term Debt Helix recognized a $9.2 million gain on extinguishment of long-term debt associated with our repurchase of a portion of our convertible senior notes due 2022 and 2023 during the third quarter 2020. We had no extinguishments during the fourth quarter 2020. Other Income, net Other income, net decreased $0.4 million in the fourth quarter 2020 compared to the prior quarter. The change was primarily due to lower foreign currency gains in the fourth quarter. Cash Flows Operating cash flows were $40.2 million in the fourth quarter 2020 compared to $52.6 million in the third quarter 2020 and $79.8 million in the fourth quarter 2019. The decrease in operating cash flows quarter over quarter was primarily due to lower operating income offset by improvements in working capital compared to the prior quarter. The decrease year over year was primarily due to lower operating income and smaller improvements in working capital in the fourth quarter 2020 compared to the same quarter 2019. Capital expenditures totaled $1.1 million in the fourth quarter 2020 compared to $1.6 million in the previous quarter and $95.2 million in the fourth quarter 2019. Capital expenditures during the fourth quarter 2019 were primarily related to completion of the Q7000, which commenced operations during the first quarter 2020. Free cash flow was $39.1 million in the fourth quarter 2020 compared to $51.4 million in the third quarter 2020 and $(15.4) million in the fourth quarter 2019. The decrease quarter over quarter was primarily due to lower operating cash flows in the fourth quarter 2020 compared to the previous quarter. The increase year over year was primarily due to lower capital expenditures, offset in part by lower operating cash flows, during the fourth quarter 2020 compared to the fourth quarter 2019. (Free cash flow is a non-GAAP measure. See reconciliation below.) Full Year Results Segment Results Well Intervention Well Intervention revenues decreased by $54.1 million, or 9%, in 2020 compared to 2019. The decrease was primarily driven by lower vessel utilization in the North Sea and Gulf of Mexico, lower IRS rental utilization and lower foreign currency rates in Brazil. The decrease in revenues was offset in part by revenues on the Q7000, which commenced operations offshore West Africa in January 2020. Vessel utilization in the North Sea and Gulf of Mexico were negatively impacted by the downturn in the offshore oil and gas market due to the COVID-19 pandemic, which resulted in our warm-stacking the Seawell and the Q7000, as well as scheduled regulatory certification inspections in the Gulf of Mexico during the first quarter 2020. Overall Well Intervention vessel utilization decreased to 67% in 2020 from 89% in 2019, and 2020 had 257 fewer utilized vessel days compared to 2019. Our 2019 Well Intervention revenues also included approximately $3.9 million of contractual adjustments related to increases in withholding taxes in Brazil. Well Intervention operating income decreased $62.7 million, or 70%, in 2020 compared to 2019 primarily due to lower revenues and higher operating expenses associated with the Q7000. Robotics Robotics revenues increased by $6.3 million, or 4%, in 2020 compared to 2019. The increase was due to improvements in chartered vessel utilization, offset in part by lower ROV, trencher and ROVDrill utilization. Chartered vessel utilization increased to 94%, which included 1,690 vessel days, in 2020 compared to 87%, which included 1,086 vessel days, in 2019. Vessel days associated with our renewables site clearance project in the North Sea Site totaled 647 days in 2020 compared to 29 days in 2019. ROV, trencher and ROVDrill utilization decreased to 34% in 2020 compared to 41% in 2019. We generated 407 days of trenching, including 161 days on third-party vessels, in 2020 compared to 729 days of trenching, including 245 days on third-party vessels, in 2019. Robotics operating income increased $6.5 million, or 89%, in 2020 compared to 2019. The improvement in operating income was due to higher revenues as well as a full year of cost reductions relating to certain vessels, including the termination of the Grand Canyon charter in November 2019 and the expirations of the hedge of the Grand Canyon II charter payments in July 2019 and the hedge of the Grand Canyon III charter payments in February 2020. Production Facilities Production Facilities revenues decreased $2.9 million, or 5%, in 2020 compared to 2019. The decrease was due to reduced revenues related to the Helix Fast Response System and a reduction in oil and gas production revenues in 2020. Production Facilities operating income decreased $1.2 million from the prior year primarily due to decreases in revenues in 2020. Selling, General and Administrative and Other Selling, General and Administrative Selling, general and administrative expenses were $61.1 million, or 8.3% of revenue, in 2020 compared to $69.8 million, or 9.3% of revenue, in 2019. The decrease was primarily related to a decrease in employee compensation costs and other cost saving measures, offset in part by credit provisions of $2.7 million in 2020. Net Interest Expense Net interest expense increased to $28.5 million in 2020 from $8.3 million in 2019. The increase was primarily associated with lower capitalized interest in 2020 with the completion of the Q7000 in January 2020 and higher yields associated with the convertible senior notes due 2026 issued in August 2020. Gain on Extinguishment of Long-term Debt The $9.2 million gain on extinguishment of long-term debt in 2020 was associated with our repurchase of the convertible notes due 2022 and 2023. Other Income, net Other income, net increased $3.6 million in 2020 compared to 2019. The change was primarily due higher foreign currency gains in 2020 compared to 2019. Income Tax Provision (Benefit) Income tax benefit was $18.7 million in 2020 compared to income tax expense of $7.9 million in 2019. In addition to lower income before income taxes in 2020, Helix also recognized a $7.6 million net tax benefit in 2020 related to the Coronavirus Aid, Relief, and Economic Security Act and an $8.3 million benefit related to the restructuring of certain foreign subsidiaries during 2020. Cash Flows Helix generated operating cash flows of $98.8 million in 2020 compared to $169.7 million in 2019. The decrease in operating cash flows in 2020 was due to lower earnings and larger increases in working capital in 2020 compared to 2019. Capital expenditures declined to $20.2 million in 2020 compared to $140.9 million in 2019 primarily as a result of the completion of the Q7000 in early 2020. Free cash flow was $79.5 million in 2020 compared to $31.4 million in 2019 due to lower capital expenditures, offset in part by lower operating cash flows. (Free cash flow is a non-GAAP measure. See reconciliation below.) Financial Condition and Liquidity Cash and cash equivalents were $291.3 million and available capacity under our revolving credit facility was $160.2 million at December 31, 2020. Consolidated long-term debt decreased to $349.6 million at December 31, 2020 from $356.9 million at September 30, 2020. Consolidated net debt at December 31, 2020 was $58.2 million compared to $97.6 million at September 30, 2020. Net debt to book capitalization at December 31, 2020 was 3% compared to 5% at September 30, 2020. (Net debt and net debt to book capitalization are non-GAAP measures. See reconciliation below.) Conference Call Information Further details are provided in the presentation for Helixs quarterly webcast and teleconference to review its fourth quarter and full year 2020 results (see the "Investor Relations" page of Helixs website, www.HelixESG.com). The teleconference, scheduled for Tuesday, February 23, 2021 at 9:00 a.m. Central Time, will be audio webcast live from the "For the Investor" page of Helixs website. Investors and other interested parties wishing to participate in the teleconference may join by dialing 1-800-926-5188 for participants in the United States and 1-303-223-0120 for international participants. The passcode is "Staffeldt." A replay of the webcast will be available on our website under "For the Investor" by selecting the "Audio Archives" link beginning approximately two hours after the completion of the event. About Helix Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. For more information about Helix, please visit our website at www.HelixESG.com. Non-GAAP Financial Measures Management evaluates performance and financial condition using certain non-GAAP measures, primarily EBITDA, Adjusted EBITDA, net debt, net debt to book capitalization and free cash flow. We define EBITDA as earnings before income taxes, net interest expense, gain or loss on extinguishment of long-term debt, net other income or expense, and depreciation and amortization expense. Non-cash impairment losses on goodwill and other long-lived assets and gains and losses on equity investments are also added back if applicable. To arrive at our measure of Adjusted EBITDA, we exclude the gain or loss on disposition of assets and the general provision for current expected credit losses, if any. In addition, we include realized losses from foreign currency exchange contracts not designated as hedging instruments and other than temporary loss on note receivable, which are excluded from EBITDA as a component of net other income or expense. Net debt is calculated as total long-term debt less cash and cash equivalents and restricted cash. Net debt to book capitalization is calculated by dividing net debt by the sum of net debt and shareholders equity. We define free cash flow as cash flows from operating activities less capital expenditures, net of proceeds from sale of assets. We use EBITDA and free cash flow to monitor and facilitate internal evaluation of the performance of our business operations, to facilitate external comparison of our business results to those of others in our industry, to analyze and evaluate financial and strategic planning decisions regarding future investments and acquisitions, to plan and evaluate operating budgets, and in certain cases, to report our results to the holders of our debt as required by our debt covenants. We believe that our measures of EBITDA and free cash flow provide useful information to the public regarding our operating performance and ability to service debt and fund capital expenditures and may help our investors understand and compare our results to other companies that have different financing, capital and tax structures. Other companies may calculate their measures of EBITDA, Adjusted EBITDA and free cash flow differently from the way we do, which may limit their usefulness as comparative measures. EBITDA, Adjusted EBITDA and free cash flow should not be considered in isolation or as a substitute for, but instead are supplemental to, income from operations, net income, cash flows from operating activities, or other income or cash flow data prepared in accordance with GAAP. Users of this financial information should consider the types of events and transactions that are excluded from these measures. See reconciliation of the non-GAAP financial information presented in this press release to the most directly comparable financial information presented in accordance with GAAP. Forward-Looking Statements This press release contains forward-looking statements that involve risks, uncertainties and assumptions that could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, any statements regarding the ongoing COVID-19 pandemic and oil price volatility and their respective effects and results, our protocols and plans, our current work continuing, the spot market, our spending and cost reduction plans and our ability to manage changes; our strategy; any statements regarding visibility and future utilization; any projections of financial items; any statements regarding future operations expenditures; any statements regarding the plans, strategies and objectives of management for future operations; any statements regarding our ability to enter into, renew and/or perform commercial contracts; any statements concerning developments; any statements regarding future economic conditions or performance; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Forward-looking statements are subject to a number of known and unknown risks, uncertainties and other factors that could cause results to differ materially from those in the forward-looking statements, including but not limited to the results and effects of the COVID-19 pandemic and actions by governments, customers, suppliers and partners with respect thereto; market conditions; results from acquired properties; demand for our services; the performance of contracts by suppliers, customers and partners; actions by governmental and regulatory authorities including recent regulatory initiatives by the new U.S. administration; operating hazards and delays, which include delays in delivery, chartering or customer acceptance of assets or terms of their acceptance; our ultimate ability to realize current backlog; employee management issues; complexities of global political and economic developments; geologic risks; volatility of oil and gas prices and other risks described from time to time in our reports filed with the Securities and Exchange Commission (SEC), including our most recently filed Annual Report on Form 10-K and in our other filings with the SEC, which are available free of charge on the SECs website at www.sec.gov. We assume no obligation and do not intend to update these forward-looking statements, which speak only as of their respective dates, except as required by the securities laws. Social Media From time to time we provide information about Helix on Twitter (@Helix_ESG), LinkedIn (www.linkedin.com/company/helix-energy-solutions-group), Facebook (www.facebook.com/HelixEnergySolutionsGroup) and Instagram (www.instagram.com/helixenergysolutions). 2020 2019 2020 2019 $ 159,897 $ 170,749 $ 733,555 $ 751,909 146,202 144,173 653,646 614,071 13,695 26,576 79,909 137,838 - - (6,689 ) - (24 ) - 889 - (12,828 ) (20,918 ) (61,084 ) (69,841 ) 843 5,658 13,025 67,997 249 1,521 216 1,439 (8,124 ) (2,129 ) (28,531 ) (8,333 ) - - 9,239 (18 ) 8,396 3,595 4,724 1,165 184 409 2,710 3,306 1,548 9,054 1,383 65,556 (2,569 ) 1,120 (18,701 ) 7,859 4,117 7,934 20,084 57,697 (46 ) (118 ) (2,090 ) (222 ) $ 4,163 $ 8,052 $ 22,174 $ 57,919 $ 0.03 $ 0.05 $ 0.13 $ 0.39 $ 0.03 $ 0.05 $ 0.13 $ 0.38 149,106 147,625 148,993 147,536 150,156 150,182 149,897 149,577 $ 291,320 $ 208,431 - 54,130 132,233 125,457 102,092 50,450 525,645 438,468 1,782,964 1,872,637 149,656 201,118 40,013 84,508 $ 2,498,278 $ 2,596,731 $ 50,022 $ 69,055 87,035 62,389 90,651 99,731 51,599 53,785 279,307 284,960 258,912 306,122 101,009 151,827 110,821 112,132 3,878 38,644 3,855 3,455 1,740,496 1,699,591 $ 2,498,278 $ 2,596,731 (1) $ 4,117 $ 7,934 $ 24,445 $ 20,084 $ 57,697 (2,569 ) 1,120 5,232 (18,701 ) 7,859 8,124 2,129 7,598 28,531 8,333 - - (9,239 ) (9,239 ) 18 (8,396 ) (3,595 ) (8,824 ) (4,724 ) (1,165 ) 34,157 28,300 33,985 133,709 112,720 - - - 6,689 - (264 ) (1,613 ) - (264 ) (1,613 ) 35,169 34,275 53,197 156,085 183,849 24 - (440 ) (889 ) - 90 - (38 ) 746 - - (998 ) - (682 ) (3,761 ) $ 35,283 $ 33,277 $ 52,719 $ 155,260 $ 180,088 $ 40,172 $ 79,792 $ 52,586 $ 98,800 $ 169,669 (1,026 ) (95,218 ) (1,174 ) (19,281 ) (138,304 ) $ 39,146 $ (15,426 ) $ 51,412 $ 79,519 $ 31,365

edtsum1152

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 "Veterinary Services - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to the 6th edition of this report. The 277-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed. Global Veterinary Services Market to Reach $120 Billion by 2027 Amid the COVID-19 crisis, the global market for Veterinary Services estimated at US$96.9 Billion in the year 2020, is projected to reach a revised size of US$120 Billion by 2027, growing at a CAGR of 3.1% over the period 2020-2027. Production Animal, one of the segments analyzed in the report, is projected to record 2.4% CAGR and reach US$70.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Companion Animal segment is readjusted to a revised 4.2% CAGR for the next 7-year period. The U.S. Market is Estimated at $26.2 Billion, While China is Forecast to Grow at 5.6% CAGR The Veterinary Services market in the U.S. is estimated at US$26.2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$24.4 Billion by the year 2027 trailing a CAGR of 5.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.9% and 2.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR. Competitors identified in this market include, among others: Key Topics Covered: I. INTRODUCTION, METHODOLOGY & REPORT SCOPE II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW 2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS 4. GLOBAL MARKET PERSPECTIVE III. MARKET ANALYSIS IV. COMPETITION For more information about this report visit https://www.researchandmarkets.com/r/e0o56a Answer:

Global Veterinary Services Industry (2020 to 2027) - Market Trends and Drivers - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Veterinary Services - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to the 6th edition of this report. The 277-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed. Global Veterinary Services Market to Reach $120 Billion by 2027 Amid the COVID-19 crisis, the global market for Veterinary Services estimated at US$96.9 Billion in the year 2020, is projected to reach a revised size of US$120 Billion by 2027, growing at a CAGR of 3.1% over the period 2020-2027. Production Animal, one of the segments analyzed in the report, is projected to record 2.4% CAGR and reach US$70.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Companion Animal segment is readjusted to a revised 4.2% CAGR for the next 7-year period. The U.S. Market is Estimated at $26.2 Billion, While China is Forecast to Grow at 5.6% CAGR The Veterinary Services market in the U.S. is estimated at US$26.2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$24.4 Billion by the year 2027 trailing a CAGR of 5.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.9% and 2.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR. Competitors identified in this market include, among others: Key Topics Covered: I. INTRODUCTION, METHODOLOGY & REPORT SCOPE II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW 2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS 4. GLOBAL MARKET PERSPECTIVE III. MARKET ANALYSIS IV. COMPETITION For more information about this report visit https://www.researchandmarkets.com/r/e0o56a

edtsum1156

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: PORTLAND, Maine--(BUSINESS WIRE)--Foreside Financial Group, LLC (Foreside), a provider of governance, risk management, and compliance solutions and technology offerings to clients in the global asset and wealth management industry, today announced that it has acquired the regulatory compliance business of JG Advisory Services LLC, a comprehensive regulatory solutions provider for hedge and private equity funds. Based in New York, New York, JG Advisory Services has helped its clients meet regulatory requirements through creative compliance solutions since 2005. JG Advisory Services has worked with a wide range of hedge fund and private equity fund managers but has particular expertise with emerging managers. Judy Gross, principal and founder of JG Advisory Services, and her colleagues will join Foreside in mid-March 2021. When assessing acquisitions, we consistently choose firms that are known for outstanding client service and industry expertise, said David Whitaker, president of Foreside. JG Advisory Services has helped sophisticated private equity and hedge fund firms develop into industry leaders, and we are proud to have them on board to build our expertise with emerging managers. We are so excited to become a part of the Foreside team, said Gross. Foresides reputation of industry-leading compliance and consulting services made them a great fit for us, particularly as an option to step out of an ownership role but continue serving our private equity and hedge fund clients with quality service and with a deep bench of knowledgeable consultants and technology solutions. As Foreside continues its steady momentum of regional roll-ups, this marks the companys sixth acquisition since 2019. Foreside, which is majority-owned by PE firm Lovell Minnick Partners, previously acquired: (i) Capital Markets Compliance, a leading compliance, consulting, and FINOP practice, in January 2021; (ii) ICSGroup, a regulatory compliance services firm serving the asset management industry, in November 2020; (iii) Quasar Distributors, U.S. Bancorps mutual fund and exchange-traded funds (ETFs) distribution business, in March 2020; (iv) Compliance Advisory Services, a leading regional compliance firm, in October 2019; and (v) NCS Regulatory Compliance, a comprehensive provider of outsourced compliance and regulatory services, in January 2019. Financial terms of the transaction were not disclosed. About Foreside Financial Group Foreside delivers comprehensive advice and best-in-class technology solutions to clients in the global asset and wealth management industries. Foreside distributes more than $1 trillion* of product through their 17 limited purpose broker-dealers. For 15 years, Foresides suite of services and platform-based model have helped automate and simplify compliance and marketing for clients. Foreside works with pooled investment products, investment advisors, broker-dealers, global asset managers, and other financial institutions. By harnessing state-of-the-art technology, Foreside helps firms address and shape todays regulatory environment, drive operational efficiency and growth, and focus on value-adding work. Foreside is headquartered in Portland, Maine, with numerous regional offices, including New York and Boston. For more information on Foresides suite of services, please visit www.foreside.com. *as of 1/1/2021 About JG Advisory Services LLC JG Advisory Services is a leading provider of compliance consulting services to the investment adviser community. Since its inception in 2005, it has worked with investment advisers to hedge funds and private equity funds spanning a broad range of sizes, from large well-established institutions to smaller start-up ventures. JG Advisory Services particular expertise is in providing very sophisticated, customized support to advisers that enables them to maximize their business potential. The firm has also worked on ancillary projects over the years, including compliance technology development. Answer:

Foreside Acquires JG Advisory Services LLC In its sixth acquisition since 2019, Foreside bolsters its regulatory solutions for hedge fund, private equity, and other emerging alternative investments managers

PORTLAND, Maine--(BUSINESS WIRE)--Foreside Financial Group, LLC (Foreside), a provider of governance, risk management, and compliance solutions and technology offerings to clients in the global asset and wealth management industry, today announced that it has acquired the regulatory compliance business of JG Advisory Services LLC, a comprehensive regulatory solutions provider for hedge and private equity funds. Based in New York, New York, JG Advisory Services has helped its clients meet regulatory requirements through creative compliance solutions since 2005. JG Advisory Services has worked with a wide range of hedge fund and private equity fund managers but has particular expertise with emerging managers. Judy Gross, principal and founder of JG Advisory Services, and her colleagues will join Foreside in mid-March 2021. When assessing acquisitions, we consistently choose firms that are known for outstanding client service and industry expertise, said David Whitaker, president of Foreside. JG Advisory Services has helped sophisticated private equity and hedge fund firms develop into industry leaders, and we are proud to have them on board to build our expertise with emerging managers. We are so excited to become a part of the Foreside team, said Gross. Foresides reputation of industry-leading compliance and consulting services made them a great fit for us, particularly as an option to step out of an ownership role but continue serving our private equity and hedge fund clients with quality service and with a deep bench of knowledgeable consultants and technology solutions. As Foreside continues its steady momentum of regional roll-ups, this marks the companys sixth acquisition since 2019. Foreside, which is majority-owned by PE firm Lovell Minnick Partners, previously acquired: (i) Capital Markets Compliance, a leading compliance, consulting, and FINOP practice, in January 2021; (ii) ICSGroup, a regulatory compliance services firm serving the asset management industry, in November 2020; (iii) Quasar Distributors, U.S. Bancorps mutual fund and exchange-traded funds (ETFs) distribution business, in March 2020; (iv) Compliance Advisory Services, a leading regional compliance firm, in October 2019; and (v) NCS Regulatory Compliance, a comprehensive provider of outsourced compliance and regulatory services, in January 2019. Financial terms of the transaction were not disclosed. About Foreside Financial Group Foreside delivers comprehensive advice and best-in-class technology solutions to clients in the global asset and wealth management industries. Foreside distributes more than $1 trillion* of product through their 17 limited purpose broker-dealers. For 15 years, Foresides suite of services and platform-based model have helped automate and simplify compliance and marketing for clients. Foreside works with pooled investment products, investment advisors, broker-dealers, global asset managers, and other financial institutions. By harnessing state-of-the-art technology, Foreside helps firms address and shape todays regulatory environment, drive operational efficiency and growth, and focus on value-adding work. Foreside is headquartered in Portland, Maine, with numerous regional offices, including New York and Boston. For more information on Foresides suite of services, please visit www.foreside.com. *as of 1/1/2021 About JG Advisory Services LLC JG Advisory Services is a leading provider of compliance consulting services to the investment adviser community. Since its inception in 2005, it has worked with investment advisers to hedge funds and private equity funds spanning a broad range of sizes, from large well-established institutions to smaller start-up ventures. JG Advisory Services particular expertise is in providing very sophisticated, customized support to advisers that enables them to maximize their business potential. The firm has also worked on ancillary projects over the years, including compliance technology development.

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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: WELLESLEY, Mass. and WATERTOWN, Mass., Feb. 4, 2021 /PRNewswire/ --In their first joint community investment, the Harvard Pilgrim Health Care Foundation and Tufts Health Plan Foundation are giving $1 million to 42 organizations across the region to expand vaccine education, awareness and outreach in communities of color. Five Maine organizations will receive a total of $125,000 in funding. Just one month after Harvard Pilgrim Health Care and Tufts Health Plan announced their combined organization, this investment is an immediate response to emerging needs in Black and Brown communities across the region disproportionately impacted by the pandemic. "We are at an inflection point in the pandemic," said Thomas Croswell, chief executive officer of the combined organizationof Harvard Pilgrim Health Care and Tufts Health Plan, and a member of the Tufts Health Plan Foundation board. "As vaccine production and distribution are ramping up, important education efforts are taking place to address community concerns and we need to support them." Grant recommendations were informed by community organizations, public health leaders and other key stakeholders engaged in the vaccine rollout in Connecticut, Maine, Massachusetts, New Hampshire and Rhode Island. "With the pandemic continuing to have a devastating impact on Black and Brown communities, this funding will give a boost to organizations across the region working tirelessly to support the needs of their community members and create awareness around the importance of the vaccine," said Michael Carson, president of the combined organization of Harvard Pilgrim Health Care and Tufts Health Plan, and chairman of the Harvard Pilgrim Health Care Foundation board. Grants will support a range of organizationsfrom statewide organizations to local community nonprofits. They include faith-based organizations, trusted Black/Latinx-led community nonprofits, and organizations with experience coordinating multilingual efforts. One of the organizations receiving a grant is Somali Bantu Community Association of Lewiston, Maine. "Our Somali Bantu Community are individuals who come from the rural part of Southern Somalia. Many don't read or write in their language and have difficulty understanding COVID protocols," said Muhidin Libah, executive director of the Somali Bantu Community Association. "Now that we have the vaccine, there is a lot of misinformation circulating in our community. With these grant funds, we will work with community health workers to help our Somali community understand what they can do to protect themselves from the virus and the importance of getting the vaccine. We are very thankful for this support from Harvard Pilgrim Health Care Foundation and Tufts Health Plan Foundation." The full list of nonprofit organizations receiving grants is: Connecticut Total Grants: $225,000 Greater Bridgeport Area Prevention Partnership (Bridgeport), $20,000 Hartford Health Department (Hartford), $30,000 Health Equity Solutions (Hartford), $50,000 Human Resources Agency (New Britain, Bristol, Burlington, Farmington, Plainville, Plymouth), $20,000 Ministerial Health Fellowship (Hartford, Middletown, New Britain, Meriden), $20,000 Project Access of New Haven (New Haven), $20,000 Stamford Health Dept/The Family Centers (Stamford), $15,000 URU, The Right to Be (New Haven), $50,000 Maine Total Grants: $125,000 Maine Immigrants' Rights Coalition (Portland), $20,000 Portland Minority Health Department (Portland), $40,000 Presente! Maine (Portland), $25,000 Somali Bantu Community Association (Lewiston), $20,000 Wabanaki Public Health (Millinocket), $20,000 Massachusetts Total Grants: $350,000 African Community Education Program (Worcester), $20,000 Cambodian Mutual Assistance Association (Lowell), $25,000 Greater Boston Latino Network (Boston), $25,000 Greater Lawrence Community Action Council (Lawrence), $25,000 La Colaborativa (Chelsea), $25,000 Massachusetts Immigrant and Refugee Advocacy Coalition (Boston), $45,000 Massachusetts League of Community Health Centers (Boston) $50,000 New North Citizens Council (Springfield), $20,000 One Holyoke Community Development Corporation (Holyoke), $20,000 Pinnacle Partnerships (Brockton), $20,000 Public Health Institute of Western Mass. (Springfield), $30,000 Resilient Sisterhood Project (Boston), $20,000 Worcester Interfaith (Worcester), $25,000 New Hampshire Total Grants: $125,000 Amoskeag Health (Manchester), $40,000 Granite State Organizing Project (Manchester), $10,000 Granite State United Way (Manchester), $10,000 Lamprey Health Care (Nashua), $20,000 Manchester NAACP (Manchester), $10,000 Nashua Division of Public Health and Community Services (Nashua), $20,000 New Hampshire Alliance of Immigrants and Refugees (Manchester, Concord), $15,000 Rhode Island Total Grants: $175,000 Children's Friend (Providence), $15,000 Comprehensive Community Action Program (Cranston), $20,000 Dr. Martin Luther King Jr. Community Center (Newport), $10,000 Local Initiatives Support Corporation RI (Providence), $20,000 ONE Neighborhood Builders (Providence), $20,000 Progreso Latino (Central Falls), $15,000 Thundermist Health Center (Woonsocket), $20,000 United Way of Rhode Island (Providence), $35,000 West Elmwood Housing Development Corp. (Providence), $20,000 About the combined organization of Tufts Health Plan and Harvard Pilgrim Health CareThe combination of Tufts Health Plan and Harvard Pilgrim Health Care represents the coming together of two of New England's most iconic nonprofit health care companies. Representing nearly 90 years of combined service to our members and the community, together we are building upon our diverse legacies and innovative collaboration by making it our purpose to guide and empower healthier lives for our members no matter their age, health, race, identity, or income. We strive to be a different kind of nonprofit health and wellbeing company, with a broad range of health plans, and innovative tools that make navigating health and wellbeing easier, guiding our members at every step of their health care journey to better health outcomes. We are committed to providing high-quality and affordable health care, improving the health and wellness of our members, and creating healthier communities throughout New England. About Tufts Health Plan FoundationEstablished in 2008, Tufts Health Plan Foundation supports the health and wellness of the diverse communities we serve. The Foundation has given more than $45 million to Connecticut, Massachusetts, New Hampshire, and Rhode Island nonprofits that promote healthy aging. Tufts Health Plan Foundation funds programs that move communities toward implementing age-friendly policies and practices that are relevant, focus on older adults, and include them in community solutions. Visit tuftshealthplanfoundation.org for grant program information. About the Harvard Pilgrim Health Care FoundationCreated in 1980, the Harvard Pilgrim Health Care Foundation supports Harvard Pilgrim's mission to improve the quality and value of health care for the people and communities we serve. The Harvard Pilgrim Foundation provides the tools, training and leadership to help build healthy communities throughout Connecticut, Maine, Massachusetts, and New Hampshire. In 2020, the Harvard Pilgrim Foundation awarded more than $10.4 million in grants to nonprofit organizations in the region. Since its inception in 1980, the Foundation has awarded $165 million in funds and resources throughout the four states. For more information, please visit www.harvardpilgrim.org/foundation. SOURCE The Harvard Pilgrim Health Care Foundation Related Links www.harvardpilgrim.org Answer:

Harvard Pilgrim Health Care And Tufts Health Plan Foundations Providing $1 Million To Expand COVID-19 Vaccine Education In Communities Of Color First joint community investment supports 42 organizations in 5 states; 5 in Maine

WELLESLEY, Mass. and WATERTOWN, Mass., Feb. 4, 2021 /PRNewswire/ --In their first joint community investment, the Harvard Pilgrim Health Care Foundation and Tufts Health Plan Foundation are giving $1 million to 42 organizations across the region to expand vaccine education, awareness and outreach in communities of color. Five Maine organizations will receive a total of $125,000 in funding. Just one month after Harvard Pilgrim Health Care and Tufts Health Plan announced their combined organization, this investment is an immediate response to emerging needs in Black and Brown communities across the region disproportionately impacted by the pandemic. "We are at an inflection point in the pandemic," said Thomas Croswell, chief executive officer of the combined organizationof Harvard Pilgrim Health Care and Tufts Health Plan, and a member of the Tufts Health Plan Foundation board. "As vaccine production and distribution are ramping up, important education efforts are taking place to address community concerns and we need to support them." Grant recommendations were informed by community organizations, public health leaders and other key stakeholders engaged in the vaccine rollout in Connecticut, Maine, Massachusetts, New Hampshire and Rhode Island. "With the pandemic continuing to have a devastating impact on Black and Brown communities, this funding will give a boost to organizations across the region working tirelessly to support the needs of their community members and create awareness around the importance of the vaccine," said Michael Carson, president of the combined organization of Harvard Pilgrim Health Care and Tufts Health Plan, and chairman of the Harvard Pilgrim Health Care Foundation board. Grants will support a range of organizationsfrom statewide organizations to local community nonprofits. They include faith-based organizations, trusted Black/Latinx-led community nonprofits, and organizations with experience coordinating multilingual efforts. One of the organizations receiving a grant is Somali Bantu Community Association of Lewiston, Maine. "Our Somali Bantu Community are individuals who come from the rural part of Southern Somalia. Many don't read or write in their language and have difficulty understanding COVID protocols," said Muhidin Libah, executive director of the Somali Bantu Community Association. "Now that we have the vaccine, there is a lot of misinformation circulating in our community. With these grant funds, we will work with community health workers to help our Somali community understand what they can do to protect themselves from the virus and the importance of getting the vaccine. We are very thankful for this support from Harvard Pilgrim Health Care Foundation and Tufts Health Plan Foundation." The full list of nonprofit organizations receiving grants is: Connecticut Total Grants: $225,000 Greater Bridgeport Area Prevention Partnership (Bridgeport), $20,000 Hartford Health Department (Hartford), $30,000 Health Equity Solutions (Hartford), $50,000 Human Resources Agency (New Britain, Bristol, Burlington, Farmington, Plainville, Plymouth), $20,000 Ministerial Health Fellowship (Hartford, Middletown, New Britain, Meriden), $20,000 Project Access of New Haven (New Haven), $20,000 Stamford Health Dept/The Family Centers (Stamford), $15,000 URU, The Right to Be (New Haven), $50,000 Maine Total Grants: $125,000 Maine Immigrants' Rights Coalition (Portland), $20,000 Portland Minority Health Department (Portland), $40,000 Presente! Maine (Portland), $25,000 Somali Bantu Community Association (Lewiston), $20,000 Wabanaki Public Health (Millinocket), $20,000 Massachusetts Total Grants: $350,000 African Community Education Program (Worcester), $20,000 Cambodian Mutual Assistance Association (Lowell), $25,000 Greater Boston Latino Network (Boston), $25,000 Greater Lawrence Community Action Council (Lawrence), $25,000 La Colaborativa (Chelsea), $25,000 Massachusetts Immigrant and Refugee Advocacy Coalition (Boston), $45,000 Massachusetts League of Community Health Centers (Boston) $50,000 New North Citizens Council (Springfield), $20,000 One Holyoke Community Development Corporation (Holyoke), $20,000 Pinnacle Partnerships (Brockton), $20,000 Public Health Institute of Western Mass. (Springfield), $30,000 Resilient Sisterhood Project (Boston), $20,000 Worcester Interfaith (Worcester), $25,000 New Hampshire Total Grants: $125,000 Amoskeag Health (Manchester), $40,000 Granite State Organizing Project (Manchester), $10,000 Granite State United Way (Manchester), $10,000 Lamprey Health Care (Nashua), $20,000 Manchester NAACP (Manchester), $10,000 Nashua Division of Public Health and Community Services (Nashua), $20,000 New Hampshire Alliance of Immigrants and Refugees (Manchester, Concord), $15,000 Rhode Island Total Grants: $175,000 Children's Friend (Providence), $15,000 Comprehensive Community Action Program (Cranston), $20,000 Dr. Martin Luther King Jr. Community Center (Newport), $10,000 Local Initiatives Support Corporation RI (Providence), $20,000 ONE Neighborhood Builders (Providence), $20,000 Progreso Latino (Central Falls), $15,000 Thundermist Health Center (Woonsocket), $20,000 United Way of Rhode Island (Providence), $35,000 West Elmwood Housing Development Corp. (Providence), $20,000 About the combined organization of Tufts Health Plan and Harvard Pilgrim Health CareThe combination of Tufts Health Plan and Harvard Pilgrim Health Care represents the coming together of two of New England's most iconic nonprofit health care companies. Representing nearly 90 years of combined service to our members and the community, together we are building upon our diverse legacies and innovative collaboration by making it our purpose to guide and empower healthier lives for our members no matter their age, health, race, identity, or income. We strive to be a different kind of nonprofit health and wellbeing company, with a broad range of health plans, and innovative tools that make navigating health and wellbeing easier, guiding our members at every step of their health care journey to better health outcomes. We are committed to providing high-quality and affordable health care, improving the health and wellness of our members, and creating healthier communities throughout New England. About Tufts Health Plan FoundationEstablished in 2008, Tufts Health Plan Foundation supports the health and wellness of the diverse communities we serve. The Foundation has given more than $45 million to Connecticut, Massachusetts, New Hampshire, and Rhode Island nonprofits that promote healthy aging. Tufts Health Plan Foundation funds programs that move communities toward implementing age-friendly policies and practices that are relevant, focus on older adults, and include them in community solutions. Visit tuftshealthplanfoundation.org for grant program information. About the Harvard Pilgrim Health Care FoundationCreated in 1980, the Harvard Pilgrim Health Care Foundation supports Harvard Pilgrim's mission to improve the quality and value of health care for the people and communities we serve. The Harvard Pilgrim Foundation provides the tools, training and leadership to help build healthy communities throughout Connecticut, Maine, Massachusetts, and New Hampshire. In 2020, the Harvard Pilgrim Foundation awarded more than $10.4 million in grants to nonprofit organizations in the region. Since its inception in 1980, the Foundation has awarded $165 million in funds and resources throughout the four states. For more information, please visit www.harvardpilgrim.org/foundation. SOURCE The Harvard Pilgrim Health Care Foundation Related Links www.harvardpilgrim.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, Oct. 19, 2020 /PRNewswire/ --WeissLaw LLPis investigating possible breaches of fiduciary duty and other violations of law by the board of directors of South Mountain Merger Corp. ("SMMCU" or the "Company") (NASDAQ: SMMCU) in connection with the Company's proposed merger with privately-held software company Billtrust. Under the terms of the merger agreement, SMMCU will acquire Billtrust through a reverse merger that will result in Billtrust becoming a public company listed on the Nasdaq Capital Market operating under the name BTRS Holdings Inc.The proposed transaction values Billtrust at $1.3 billion. If you own SMMCU shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website: http://www.weisslawllp.com/SMMCU/ Or please contact:Joshua Rubin, Esq.WeissLaw LLP1500 Broadway, 16th FloorNew York, NY 10036(212)682-3025(888) 593-4771[emailprotected] WeissLaw is investigating whether SMMCU's board acted in the best interest of the Company's public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Billtrust, whether the deal's equity split is fair to SMMCU shareholders, and whether all information regarding the valuation of the transaction will be fully and fairly disclosed to SMMCU's public shareholders. WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [emailprotected] SOURCE WeissLaw LLP Related Links http://weisslawllp.com Answer:

SHAREHOLDER ALERT: WeissLaw LLP Investigates South Mountain Merger Corp.

NEW YORK, Oct. 19, 2020 /PRNewswire/ --WeissLaw LLPis investigating possible breaches of fiduciary duty and other violations of law by the board of directors of South Mountain Merger Corp. ("SMMCU" or the "Company") (NASDAQ: SMMCU) in connection with the Company's proposed merger with privately-held software company Billtrust. Under the terms of the merger agreement, SMMCU will acquire Billtrust through a reverse merger that will result in Billtrust becoming a public company listed on the Nasdaq Capital Market operating under the name BTRS Holdings Inc.The proposed transaction values Billtrust at $1.3 billion. If you own SMMCU shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website: http://www.weisslawllp.com/SMMCU/ Or please contact:Joshua Rubin, Esq.WeissLaw LLP1500 Broadway, 16th FloorNew York, NY 10036(212)682-3025(888) 593-4771[emailprotected] WeissLaw is investigating whether SMMCU's board acted in the best interest of the Company's public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Billtrust, whether the deal's equity split is fair to SMMCU shareholders, and whether all information regarding the valuation of the transaction will be fully and fairly disclosed to SMMCU's public shareholders. WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [emailprotected] SOURCE WeissLaw LLP Related Links http://weisslawllp.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, June 4, 2020 /PRNewswire/ -- Psychedelic products for medical purposes, specifically for psychiatric conditions, are becoming rapidly more prevalent. For example, data published in the Proceedings of the National Academy of Sciences shows that under the influence of psilocybin, one of such compounds often found in various types of mushrooms, the brain creates a feedback loop of neuron activity and neurotransmitter release (the chemical messengers that neurons use to communicate). According to the study, this provides an understanding of why psilocybin is showing considerable promise as a therapeutic intervention for neuropsychiatric disorders including depression, anxiety, and addiction. According to Vogue, Dr. Robin Carhart-Harris, Head of the Centre for Psychedelic Research at Imperial College, London, explained that "despite record breaking increases in prescription rates of psychiatric medications, this is not impacting on rates of mental illness indeed these are going up instead of down so clearly something is very wrong My strong hope is that the development of psychedelic therapy will have a revolutionary impact on mental health care, bringing the 'care' component back and transforming societies and systems as a result."Numinus Wellness Inc.(TSX-V: NUMI) (OTC: LKYSD), Aurora Cannabis Inc.(NYSE:ACB), Tilray, Inc.(NASDAQ:TLRY), Aphria Inc. (NYSE:APHA) (TSX: APHA), Innovative Industrial Properties, Inc.(NYSE:IIPR) The similarities between the potentially upcoming psychedelic industry and the cannabis industry are numerous and clear. Following the passage of numerous legislations in recent years, the North American cannabis industry is positioned to witness growth in its consumers. In particular, the U.S. is anticipated to dominate the global cannabis market because of its early adoption while Canada is expected to trail behind, even though it is the second nation to ever completely legalize cannabis. Currently, the medical cannabis segment accounts for the majority of the overall industry, largely because of the growing adoption of alternative treatments. In fact, mdical researchers have highlighted that cannabis can be effectively used to treat ailments such as cancer, epilepsy, Alzheimer's, Parkinson's, and chronic pain. Numinus Wellness Inc.(TSX-V: NUMI) (OTC: LKYSD) announced last week, "its near-term goals to advance our mission to address the universal desire to heal. For 2020, the company plans to upgrade its lab and processing facilities (for both cannabis and psychedelic substances), seek additional licences related to psychedelic substances and cannabis products, identify and build out a second wellness centre and develop psychedelic therapy protocols. Numinus believes the societal costs of mental illness, addictions, trauma and unmet human potential are much too high. New approaches and new ways of thinking are required to supplement existing options, including the application of psychedelic assisted therapies when approved by regulators. "We are not a concept. We are a growth story," says Numinus CEOPayton Nyquvest. "That means executing on our business plan and advancing each piece of our value chain one we have in place today." Numinus Bioscience, through itswholly-owned subsidiary Salvation Botanicals, has a 7,000 square foot laboratory located inNanaimo, B.C.and is licensedby Health Canada to test, sell, distribute, and eventually conduct research on psychedelic substances, as well as test and analyze cannabis products.Numinus Wellnessis dedicated to therapies that enhance and supplement existing options for people wanting lasting physical, mental and emotional health with psychedelic treatments at its core when approved for therapeutic and research use.Numinus R&Dis creating partnerships with leading research groups to advance practice and understanding in the space. Company plans for 2020 include: Upgrade existing laboratory and processing facilities including systems, instruments and the building to obtain GMP compliance to facilitate R&D and clinical studies Amend dealer's license under Health Canada's Controlled Substances Act to include import/export, packaging and R&D Identify and build out a purpose-built facility to complement our existing wellness centre. Psychedelic assisted therapies will not be available at the existing centre and will only be available at our purpose-built facility through research or clinical trials once approved by regulators and governing bodies a process Numinus is helping to support Explore potential acquisition of additional existing wellness facilities in North America Establish partnerships to advance Psychedelic Therapy Protocol development, under the direction of Numinus Chief Medical Officer, Dr. Evan Wood Pursue American and European securities listings to provide investment opportunities for international markets and engage appropriate investor relations groups to support this process "We are building a solid team to deliver on our business plan," Nyquvest says. "And, revenue from our existing cannabis testing operations provides us a foundation for growth differentiating us from others in the psychedelics space. This offering will be strengthened by a standard processing/extraction licence from Health Canada which the Company hopes to be granted in Q4 2020." For our latest "Buzz on the Street" Show featuring Numinus Wellness Inc. recent corporate news, please head over to:https://www.youtube.com/watch?v=WqP9NkQHfPg Aurora Cannabis Inc.(NYSE:ACB) announced onFebruary 3rd, 2020itsAurora Riverproduction facility, located inBradford,Ontario, has received European Union Good Manufacturing Practice certification. EU GMP certification is granted to companies whose production facilities demonstrate a high degree of quality and consistency in their manufacturing procedures and is a requirement for the export of medical cannabis products into most European markets. "Aurora is leading the development of medical markets acrossEuropeand around the world," saidTerry Booth, CEO of Aurora. "The EU GMP certification of our River facility further validates our strategy focused on purpose-built facilities, designed and constructed exclusively for the production of high-quality, pharmaceutical grade cannabis. I congratulate our team on successfully working with regulators and licensing bodies to ensure Aurora's facilities and products are in accordance with local and international standards that will allow for greater access to the highest quality medical cannabis products to patients who need them." Tilray, Inc.(NASDAQ:TLRY) announced earlier this year its entry into a strategic agreement with Canndoc Ltd., a wholly-owned subsidiary of InterCure Ltd., through its wholly-owned subsidiary Tilray Portugal Unipessoal Lda., to export a wholesale shipment of up to 2.5 tons of medical cannabis fromPortugaltoIsrael. "The cooperation between Canndoc, an Israeli cannabis pioneer and Tilray, a global cannabis pioneer, is a significant breakthrough for both Canndoc and the entire Israeli market," saidEhud Barak, former Israeli Prime Minister and Chairman of the Canndoc Board of Directors. "This enables the two companies to offer a broad product range for Israeli patients and patients worldwide in the near future. This is an important milestone for Canndoc's growth strategy." Aphria Inc.(NYSE:APHA) (TSX: APHA) announced last year it has received a cultivation licence from Health Canada for Aphria Diamond, the Company's secondLeamington, Ontariocannabis greenhouse facility, bringing an additional 1,300,000 square feet of production space with an annual growing capacity of 140,000kg. Combined with the Company's Aphria One facility and its subsidiary Broken Coast Cannabis, the Company now has more than 2,400,000 square feet of cultivation space capable of reaching a total annualized production capacity of 255,000kg. "We are extremely pleased to receive the licence for our long-awaited Aphria Diamond facility, which more than doubles our Canadian production capacity," saidIrwin D. Simon. "Reaching industry-leading production levels coinciding with the expansion into new categories and new opportunities for cannabis inCanadaand around the world is a transformative moment for Aphria Inc." Innovative Industrial Properties, Inc.(NYSE:IIPR), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced recently that it closed on the acquisition of a property inMichigan, which comprises approximately 115,000 square feet of industrial space in the aggregate. The purchase price for the property was$5.0 million(excluding transaction costs). Concurrent with the closing of the purchase, IIP entered into a long-term, triple-net lease agreement for the property with a wholly owned subsidiary of Cresco Labs Inc. (Cresco), which intends to operate the property as a regulated cannabis cultivation and processing facility upon completion of redevelopment. Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/ About FinancialBuzz.com FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications. Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. FinancialBuzz.com has not been compensated directly by any of the companies mentioned here in this editorial unless mentioned otherwise. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For Numinus Wellness Inc. financial and corporate news dissemination, FinancialBuzz.com has been compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.FinancialBuzz.com. Media Contact: [emailprotected] +1-877-601-1879 www.FinancialBuzz.com SOURCE FinancialBuzz.com Answer:

Psychedelic Products Represent a New Frontier for Mental Health FinancialBuzz.com News Commentary

NEW YORK, June 4, 2020 /PRNewswire/ -- Psychedelic products for medical purposes, specifically for psychiatric conditions, are becoming rapidly more prevalent. For example, data published in the Proceedings of the National Academy of Sciences shows that under the influence of psilocybin, one of such compounds often found in various types of mushrooms, the brain creates a feedback loop of neuron activity and neurotransmitter release (the chemical messengers that neurons use to communicate). According to the study, this provides an understanding of why psilocybin is showing considerable promise as a therapeutic intervention for neuropsychiatric disorders including depression, anxiety, and addiction. According to Vogue, Dr. Robin Carhart-Harris, Head of the Centre for Psychedelic Research at Imperial College, London, explained that "despite record breaking increases in prescription rates of psychiatric medications, this is not impacting on rates of mental illness indeed these are going up instead of down so clearly something is very wrong My strong hope is that the development of psychedelic therapy will have a revolutionary impact on mental health care, bringing the 'care' component back and transforming societies and systems as a result."Numinus Wellness Inc.(TSX-V: NUMI) (OTC: LKYSD), Aurora Cannabis Inc.(NYSE:ACB), Tilray, Inc.(NASDAQ:TLRY), Aphria Inc. (NYSE:APHA) (TSX: APHA), Innovative Industrial Properties, Inc.(NYSE:IIPR) The similarities between the potentially upcoming psychedelic industry and the cannabis industry are numerous and clear. Following the passage of numerous legislations in recent years, the North American cannabis industry is positioned to witness growth in its consumers. In particular, the U.S. is anticipated to dominate the global cannabis market because of its early adoption while Canada is expected to trail behind, even though it is the second nation to ever completely legalize cannabis. Currently, the medical cannabis segment accounts for the majority of the overall industry, largely because of the growing adoption of alternative treatments. In fact, mdical researchers have highlighted that cannabis can be effectively used to treat ailments such as cancer, epilepsy, Alzheimer's, Parkinson's, and chronic pain. Numinus Wellness Inc.(TSX-V: NUMI) (OTC: LKYSD) announced last week, "its near-term goals to advance our mission to address the universal desire to heal. For 2020, the company plans to upgrade its lab and processing facilities (for both cannabis and psychedelic substances), seek additional licences related to psychedelic substances and cannabis products, identify and build out a second wellness centre and develop psychedelic therapy protocols. Numinus believes the societal costs of mental illness, addictions, trauma and unmet human potential are much too high. New approaches and new ways of thinking are required to supplement existing options, including the application of psychedelic assisted therapies when approved by regulators. "We are not a concept. We are a growth story," says Numinus CEOPayton Nyquvest. "That means executing on our business plan and advancing each piece of our value chain one we have in place today." Numinus Bioscience, through itswholly-owned subsidiary Salvation Botanicals, has a 7,000 square foot laboratory located inNanaimo, B.C.and is licensedby Health Canada to test, sell, distribute, and eventually conduct research on psychedelic substances, as well as test and analyze cannabis products.Numinus Wellnessis dedicated to therapies that enhance and supplement existing options for people wanting lasting physical, mental and emotional health with psychedelic treatments at its core when approved for therapeutic and research use.Numinus R&Dis creating partnerships with leading research groups to advance practice and understanding in the space. Company plans for 2020 include: Upgrade existing laboratory and processing facilities including systems, instruments and the building to obtain GMP compliance to facilitate R&D and clinical studies Amend dealer's license under Health Canada's Controlled Substances Act to include import/export, packaging and R&D Identify and build out a purpose-built facility to complement our existing wellness centre. Psychedelic assisted therapies will not be available at the existing centre and will only be available at our purpose-built facility through research or clinical trials once approved by regulators and governing bodies a process Numinus is helping to support Explore potential acquisition of additional existing wellness facilities in North America Establish partnerships to advance Psychedelic Therapy Protocol development, under the direction of Numinus Chief Medical Officer, Dr. Evan Wood Pursue American and European securities listings to provide investment opportunities for international markets and engage appropriate investor relations groups to support this process "We are building a solid team to deliver on our business plan," Nyquvest says. "And, revenue from our existing cannabis testing operations provides us a foundation for growth differentiating us from others in the psychedelics space. This offering will be strengthened by a standard processing/extraction licence from Health Canada which the Company hopes to be granted in Q4 2020." For our latest "Buzz on the Street" Show featuring Numinus Wellness Inc. recent corporate news, please head over to:https://www.youtube.com/watch?v=WqP9NkQHfPg Aurora Cannabis Inc.(NYSE:ACB) announced onFebruary 3rd, 2020itsAurora Riverproduction facility, located inBradford,Ontario, has received European Union Good Manufacturing Practice certification. EU GMP certification is granted to companies whose production facilities demonstrate a high degree of quality and consistency in their manufacturing procedures and is a requirement for the export of medical cannabis products into most European markets. "Aurora is leading the development of medical markets acrossEuropeand around the world," saidTerry Booth, CEO of Aurora. "The EU GMP certification of our River facility further validates our strategy focused on purpose-built facilities, designed and constructed exclusively for the production of high-quality, pharmaceutical grade cannabis. I congratulate our team on successfully working with regulators and licensing bodies to ensure Aurora's facilities and products are in accordance with local and international standards that will allow for greater access to the highest quality medical cannabis products to patients who need them." Tilray, Inc.(NASDAQ:TLRY) announced earlier this year its entry into a strategic agreement with Canndoc Ltd., a wholly-owned subsidiary of InterCure Ltd., through its wholly-owned subsidiary Tilray Portugal Unipessoal Lda., to export a wholesale shipment of up to 2.5 tons of medical cannabis fromPortugaltoIsrael. "The cooperation between Canndoc, an Israeli cannabis pioneer and Tilray, a global cannabis pioneer, is a significant breakthrough for both Canndoc and the entire Israeli market," saidEhud Barak, former Israeli Prime Minister and Chairman of the Canndoc Board of Directors. "This enables the two companies to offer a broad product range for Israeli patients and patients worldwide in the near future. This is an important milestone for Canndoc's growth strategy." Aphria Inc.(NYSE:APHA) (TSX: APHA) announced last year it has received a cultivation licence from Health Canada for Aphria Diamond, the Company's secondLeamington, Ontariocannabis greenhouse facility, bringing an additional 1,300,000 square feet of production space with an annual growing capacity of 140,000kg. Combined with the Company's Aphria One facility and its subsidiary Broken Coast Cannabis, the Company now has more than 2,400,000 square feet of cultivation space capable of reaching a total annualized production capacity of 255,000kg. "We are extremely pleased to receive the licence for our long-awaited Aphria Diamond facility, which more than doubles our Canadian production capacity," saidIrwin D. Simon. "Reaching industry-leading production levels coinciding with the expansion into new categories and new opportunities for cannabis inCanadaand around the world is a transformative moment for Aphria Inc." Innovative Industrial Properties, Inc.(NYSE:IIPR), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced recently that it closed on the acquisition of a property inMichigan, which comprises approximately 115,000 square feet of industrial space in the aggregate. The purchase price for the property was$5.0 million(excluding transaction costs). Concurrent with the closing of the purchase, IIP entered into a long-term, triple-net lease agreement for the property with a wholly owned subsidiary of Cresco Labs Inc. (Cresco), which intends to operate the property as a regulated cannabis cultivation and processing facility upon completion of redevelopment. Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/ About FinancialBuzz.com FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications. Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. FinancialBuzz.com has not been compensated directly by any of the companies mentioned here in this editorial unless mentioned otherwise. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For Numinus Wellness Inc. financial and corporate news dissemination, FinancialBuzz.com has been compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.FinancialBuzz.com. Media Contact: [emailprotected] +1-877-601-1879 www.FinancialBuzz.com SOURCE FinancialBuzz.com

edtsum1168

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: CHICAGO--(BUSINESS WIRE)--Foresight Acquisition Corp. (the Company), a blank check company targeting a technology-enabled consumer or consumer healthcare business, announced today the pricing of its initial public offering of 27,500,000 units at $10.00 per unit. Each unit consists of one share of Class A common stock and one-third of one redeemable warrant. Each whole warrant entitles the holder to purchase one share of Class A common stock at a price of $11.50 per share. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Companys units are expected to be listed on the Nasdaq Capital Market and trade under the symbol FOREU beginning February 10, 2021. Once the securities comprising the units begin separate trading, the Company expects that its Class A common stock and warrants will be listed on the Nasdaq Capital Market under the symbols FORE and FOREWS, respectively. Cowen is serving as the sole book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 4,125,000 units at the initial public offering price to cover over-allotments, if any. The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Cowen, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, Attn: Prospectus Department, email postSaleManualRequests@broadridge.com, telephone: 833-297-2926. A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (the SEC) and became effective on February 9, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is expected to close on February 12, 2021, subject to customary closing conditions. Forward-Looking Statements This press release contains statements that constitute forward-looking statements, including with respect to the proposed initial public offering and the anticipated use of the net proceeds thereof. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Companys registration statement and preliminary prospectus for the Companys offering filed with the SEC. Copies of these documents are available on the SECs website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Answer:

Foresight Acquisition Corp. Announces Pricing of $275,000,000 Initial Public Offering

CHICAGO--(BUSINESS WIRE)--Foresight Acquisition Corp. (the Company), a blank check company targeting a technology-enabled consumer or consumer healthcare business, announced today the pricing of its initial public offering of 27,500,000 units at $10.00 per unit. Each unit consists of one share of Class A common stock and one-third of one redeemable warrant. Each whole warrant entitles the holder to purchase one share of Class A common stock at a price of $11.50 per share. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Companys units are expected to be listed on the Nasdaq Capital Market and trade under the symbol FOREU beginning February 10, 2021. Once the securities comprising the units begin separate trading, the Company expects that its Class A common stock and warrants will be listed on the Nasdaq Capital Market under the symbols FORE and FOREWS, respectively. Cowen is serving as the sole book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 4,125,000 units at the initial public offering price to cover over-allotments, if any. The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Cowen, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, Attn: Prospectus Department, email postSaleManualRequests@broadridge.com, telephone: 833-297-2926. A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (the SEC) and became effective on February 9, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is expected to close on February 12, 2021, subject to customary closing conditions. Forward-Looking Statements This press release contains statements that constitute forward-looking statements, including with respect to the proposed initial public offering and the anticipated use of the net proceeds thereof. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Companys registration statement and preliminary prospectus for the Companys offering filed with the SEC. Copies of these documents are available on the SECs website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

edtsum1174

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: DUBLIN, April 17, 2020 /PRNewswire/ -- The "Orthopedic Biomaterials Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027" report has been added to ResearchAndMarkets.com's offering. This report provides the compound annual growth rate (CAGR) for the global orthopedic biomaterials market for the forecast period from 2019 to 2027.The market studies the past as well as the current growth trends and opportunities and to gain valuable insights of the mentioned indicators for the market during the forecast period from 2019 to 2027. The report provides the revenue of the global orthopedic biomaterials market for the period from 2017 to 2027, considering 2018 as the base year and 2027 as the forecast year.The report includes an elaborate executive summary along with a snapshot of the growth behavior of various segments in the scope of the study. Furthermore, the report sheds light on changing competitive dynamics in the orthopedic biomaterials market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the orthopedic biomaterials market.The report delves into the competitive landscape of the orthopedic biomaterials market. Key players operating in the global orthopedic biomaterials market are identified and each one of these is profiled for their distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT analysis are some of the attributes of players in the global orthopedic biomaterials market profiled in this report.Key Questions Answered How does the development of orthopedic biomaterials provide the scope of growth in the orthopedic biomaterials market? How alliances and partnerships between players are widening the scope of new preservation techniques for orthopedic biomaterials? What are the revenue share projections of key segments under various criteria in the global orthopedic biomaterials market during the forecast period? Which segment is likely to generate highest revenue by the end of the forecast period in 2027? How is the evolving health care system in developing countries in Asia-Pacific making an impact on the overall orthopedic biomaterials 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 Orthopedic Biomaterials Market4. Market Overview4.1. Introduction4.2. Overview4.3. Market Dynamics4.4. Global Orthopedic Biomaterials Market Analysis and Forecasts, 2017-20275. Key Insights5.1. Price Comparison Analysis5.2. Key Potential Customers5.3. Key Success Factors of Three Players5.4. Key Industry Developments (Mergers & Acquisitions, Funding, Business Expansion, etc.)5.5. Technological Advancements5.6. Regulatory Scenario by Regional/Global6. Global Orthopedic Biomaterials Market Analysis and Forecasts, by Material 6.1. Introduction & Definition6.2. Key Findings / Developments6.3. Market Value Forecast, by Material, 2017-20276.4. Market Attractiveness, by Material 7. Global Orthopedic Biomaterials Market Analysis and Forecasts, by Application 7.1. Introduction & Definition7.2. Key Findings / Developments7.3. Market Value Forecast, by Application, 2017-20277.4. Market Attractiveness, by Application 8. Global Orthopedic Biomaterials Market Analysis and Forecasts, by End-user 8.1. Introduction & Definition8.2. Key Findings / Developments8.3. Market Value Forecast, by End-user, 2017-20278.4. Market Attractiveness, by End-user 9. Global Orthopedic Biomaterials Market Analysis and Forecasts, by Region9.1. Key Findings9.2. Market Value Forecast, by Region9.3. Market Attractiveness, by Region10. North America Orthopedic Biomaterials Market Analysis and Forecast11. Europe Orthopedic Biomaterials Market Analysis and Forecast12. Asia-Pacific Orthopedic Biomaterials Market Analysis and Forecast13. Latin America Orthopedic Biomaterials Market Analysis and Forecast14. Middle East & Africa Orthopedic Biomaterials Market Analysis and Forecast15. Competition Landscape15.1. Market Share Analysis, by Company (2018)15.2. Company Profiles Zimmer Biomet Holdings Inc. Stryker DePuy Synthes (Johnson & Johnson) Smith & Nephew plc Medtronic DJO Global Inc. Arthrex Inc. NuVasive Inc. Globus Medical Inc. For more information about this report visit https://www.researchandmarkets.com/r/zymid 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:

The Orthopedic Biomaterials Industry, Forecast to 2027 by Material, Application, End-user and Region

DUBLIN, April 17, 2020 /PRNewswire/ -- The "Orthopedic Biomaterials Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027" report has been added to ResearchAndMarkets.com's offering. This report provides the compound annual growth rate (CAGR) for the global orthopedic biomaterials market for the forecast period from 2019 to 2027.The market studies the past as well as the current growth trends and opportunities and to gain valuable insights of the mentioned indicators for the market during the forecast period from 2019 to 2027. The report provides the revenue of the global orthopedic biomaterials market for the period from 2017 to 2027, considering 2018 as the base year and 2027 as the forecast year.The report includes an elaborate executive summary along with a snapshot of the growth behavior of various segments in the scope of the study. Furthermore, the report sheds light on changing competitive dynamics in the orthopedic biomaterials market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the orthopedic biomaterials market.The report delves into the competitive landscape of the orthopedic biomaterials market. Key players operating in the global orthopedic biomaterials market are identified and each one of these is profiled for their distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT analysis are some of the attributes of players in the global orthopedic biomaterials market profiled in this report.Key Questions Answered How does the development of orthopedic biomaterials provide the scope of growth in the orthopedic biomaterials market? How alliances and partnerships between players are widening the scope of new preservation techniques for orthopedic biomaterials? What are the revenue share projections of key segments under various criteria in the global orthopedic biomaterials market during the forecast period? Which segment is likely to generate highest revenue by the end of the forecast period in 2027? How is the evolving health care system in developing countries in Asia-Pacific making an impact on the overall orthopedic biomaterials 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 Orthopedic Biomaterials Market4. Market Overview4.1. Introduction4.2. Overview4.3. Market Dynamics4.4. Global Orthopedic Biomaterials Market Analysis and Forecasts, 2017-20275. Key Insights5.1. Price Comparison Analysis5.2. Key Potential Customers5.3. Key Success Factors of Three Players5.4. Key Industry Developments (Mergers & Acquisitions, Funding, Business Expansion, etc.)5.5. Technological Advancements5.6. Regulatory Scenario by Regional/Global6. Global Orthopedic Biomaterials Market Analysis and Forecasts, by Material 6.1. Introduction & Definition6.2. Key Findings / Developments6.3. Market Value Forecast, by Material, 2017-20276.4. Market Attractiveness, by Material 7. Global Orthopedic Biomaterials Market Analysis and Forecasts, by Application 7.1. Introduction & Definition7.2. Key Findings / Developments7.3. Market Value Forecast, by Application, 2017-20277.4. Market Attractiveness, by Application 8. Global Orthopedic Biomaterials Market Analysis and Forecasts, by End-user 8.1. Introduction & Definition8.2. Key Findings / Developments8.3. Market Value Forecast, by End-user, 2017-20278.4. Market Attractiveness, by End-user 9. Global Orthopedic Biomaterials Market Analysis and Forecasts, by Region9.1. Key Findings9.2. Market Value Forecast, by Region9.3. Market Attractiveness, by Region10. North America Orthopedic Biomaterials Market Analysis and Forecast11. Europe Orthopedic Biomaterials Market Analysis and Forecast12. Asia-Pacific Orthopedic Biomaterials Market Analysis and Forecast13. Latin America Orthopedic Biomaterials Market Analysis and Forecast14. Middle East & Africa Orthopedic Biomaterials Market Analysis and Forecast15. Competition Landscape15.1. Market Share Analysis, by Company (2018)15.2. Company Profiles Zimmer Biomet Holdings Inc. Stryker DePuy Synthes (Johnson & Johnson) Smith & Nephew plc Medtronic DJO Global Inc. Arthrex Inc. NuVasive Inc. Globus Medical Inc. For more information about this report visit https://www.researchandmarkets.com/r/zymid 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: GAINESVILLE, Fla., May 19, 2020 /PRNewswire/ -- SmartSteward Inc. is pleased to announce the members of its Board of Directors and the addition of Dr. David Shulkin, the ninth United States Secretary of Veterans Affairs. The Board will guide the company's efforts towards providing automated and enhanced infection control solutions in skilled nursing facilities across the country. SmartSteward is the first and only intelligent software specifically designed to detect malicious viruses and multidrug resistant organisms (MDRO) in skilled nursing facilities as well as serve as a decision support platform, delivering data to doctors and nurses at the moment they need it. SmartSteward's work in the space is especially important today in light of the current Novel Coronavirus (COVID-19). Its products, SmartSteward EYE, SmartSteward ID and SmartSteward SYNC, work together to detect malicious and deadly viruses and serve as a smart early warning system in skilled nursing facilities, helping them to reduce infections and readmissions through early detection of infectious diseases, use of antibiotic prescription optimization and reduction of facility antibiotic resistance. "We are thrilled to have a diverse group of accomplished and experienced professionals leading SmartSteward's efforts into the future," said Guy LaTorre, CEO of SmartSteward. "This is an exciting time for SmartSteward, as we begin to truly make a noticeable difference in how skilled nursing facilities detect and manage infectious diseases. SmartSteward makes a difference not only for their medical teams, but also for every patient in their care." Members of SmartSteward's Board of Directors are as follows: Dr. David Shulkin served as the ninth United States Secretary of Veterans Affairs. He is President and CEO of Shulkin Solutions, Inc., a firm dedicated to promoting innovation in healthcare and advocating for veterans and underserved populations. Dr. Shulkin also served as Undersecretary for Health from 2015 to 2017. Dr. Shulkin has been named as one of the Top 100 Physician Leaders of Hospitals and Health Systems by Becker's Hospital Review and one of the "50 Most Influential Physician Executives in the Country" by Modern Healthcare and Modern Physician. Dr. Jack Lord is a nationally recognized leader in innovations in health care. A board-certified forensic pathologist and Fellow of the College of American Pathologists, Dr. Lord is actively engaged in driving change in healthcare through new technologies and therapies. His experience includes executive and governance roles at Health Dialog, Humana, Therasense, Dexcom (DXCM), Stericycle, Mako Surgical, Dexcom, Velano Vascular, Digital Reasoning and Hubble Telemedical. Dr. Lord has earned certificates in Governance and Audit from the Harvard Business School. Dr. Robert Yancey, Jr. is Co-Founder of SmartSteward Inc. and serves as its Chief Medical Officer. An Infectious Disease Specialist and Epidemiologist, Dr. Yancey's over 20 years' experience includes designing and leading hospital-based antibiotic stewardship and infection control programs. He has successfully designed and implemented four different hospital-based Antibiotic Stewardship Programs. Guy LaTorre, CEO of SmartSteward and Chairman of the Board, holds over 25 years of experience in medical device development and commercialization. He has served in numerous executive management positions in the regenerative medicine, dental, and IVD spaces, and has expertise developing solid global partnerships in multiple sectors. Jeffrey Goodman serves as the SmartSteward Chief Commercial Officer. Jeff has extensive business development and entrepreneurial experience within the medical device industry and has led sales and marketing efforts for market leaders and innovators. He is the founder and CEO of a successful contract sales consultancy, CoreStrength. About SmartSteward SmartSteward is the first and only intelligent software specifically designed to detect malicious viruses and multidrug resistant organisms (MDRO) in skilled nursing facilities as well as serve as a decision support platform, delivering data to the doctors and nurses at the moment they need it. SmartStewardInc., located at the University of Florida's UF Innovate | The Hub, has developed a software platform called SmartSteward that automates infection control and antibiotic stewardship in skilled nursing facilities. SmartSteward software helps facilities reduce infections and readmissions by optimizing the use of antibiotics, automating infection detection and reducing facility antibiotic resistance patterns. Learn more at https://smartsteward.co. CONTACT: Rebecca Neill, [emailprotected] SOURCE SmartSteward, Inc. Answer:

Dr. David Shulkin Named to SmartSteward Board of Directors

GAINESVILLE, Fla., May 19, 2020 /PRNewswire/ -- SmartSteward Inc. is pleased to announce the members of its Board of Directors and the addition of Dr. David Shulkin, the ninth United States Secretary of Veterans Affairs. The Board will guide the company's efforts towards providing automated and enhanced infection control solutions in skilled nursing facilities across the country. SmartSteward is the first and only intelligent software specifically designed to detect malicious viruses and multidrug resistant organisms (MDRO) in skilled nursing facilities as well as serve as a decision support platform, delivering data to doctors and nurses at the moment they need it. SmartSteward's work in the space is especially important today in light of the current Novel Coronavirus (COVID-19). Its products, SmartSteward EYE, SmartSteward ID and SmartSteward SYNC, work together to detect malicious and deadly viruses and serve as a smart early warning system in skilled nursing facilities, helping them to reduce infections and readmissions through early detection of infectious diseases, use of antibiotic prescription optimization and reduction of facility antibiotic resistance. "We are thrilled to have a diverse group of accomplished and experienced professionals leading SmartSteward's efforts into the future," said Guy LaTorre, CEO of SmartSteward. "This is an exciting time for SmartSteward, as we begin to truly make a noticeable difference in how skilled nursing facilities detect and manage infectious diseases. SmartSteward makes a difference not only for their medical teams, but also for every patient in their care." Members of SmartSteward's Board of Directors are as follows: Dr. David Shulkin served as the ninth United States Secretary of Veterans Affairs. He is President and CEO of Shulkin Solutions, Inc., a firm dedicated to promoting innovation in healthcare and advocating for veterans and underserved populations. Dr. Shulkin also served as Undersecretary for Health from 2015 to 2017. Dr. Shulkin has been named as one of the Top 100 Physician Leaders of Hospitals and Health Systems by Becker's Hospital Review and one of the "50 Most Influential Physician Executives in the Country" by Modern Healthcare and Modern Physician. Dr. Jack Lord is a nationally recognized leader in innovations in health care. A board-certified forensic pathologist and Fellow of the College of American Pathologists, Dr. Lord is actively engaged in driving change in healthcare through new technologies and therapies. His experience includes executive and governance roles at Health Dialog, Humana, Therasense, Dexcom (DXCM), Stericycle, Mako Surgical, Dexcom, Velano Vascular, Digital Reasoning and Hubble Telemedical. Dr. Lord has earned certificates in Governance and Audit from the Harvard Business School. Dr. Robert Yancey, Jr. is Co-Founder of SmartSteward Inc. and serves as its Chief Medical Officer. An Infectious Disease Specialist and Epidemiologist, Dr. Yancey's over 20 years' experience includes designing and leading hospital-based antibiotic stewardship and infection control programs. He has successfully designed and implemented four different hospital-based Antibiotic Stewardship Programs. Guy LaTorre, CEO of SmartSteward and Chairman of the Board, holds over 25 years of experience in medical device development and commercialization. He has served in numerous executive management positions in the regenerative medicine, dental, and IVD spaces, and has expertise developing solid global partnerships in multiple sectors. Jeffrey Goodman serves as the SmartSteward Chief Commercial Officer. Jeff has extensive business development and entrepreneurial experience within the medical device industry and has led sales and marketing efforts for market leaders and innovators. He is the founder and CEO of a successful contract sales consultancy, CoreStrength. About SmartSteward SmartSteward is the first and only intelligent software specifically designed to detect malicious viruses and multidrug resistant organisms (MDRO) in skilled nursing facilities as well as serve as a decision support platform, delivering data to the doctors and nurses at the moment they need it. SmartStewardInc., located at the University of Florida's UF Innovate | The Hub, has developed a software platform called SmartSteward that automates infection control and antibiotic stewardship in skilled nursing facilities. SmartSteward software helps facilities reduce infections and readmissions by optimizing the use of antibiotics, automating infection detection and reducing facility antibiotic resistance patterns. Learn more at https://smartsteward.co. CONTACT: Rebecca Neill, [emailprotected] SOURCE SmartSteward, 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: HOUSTON--(BUSINESS WIRE)--S&B today announced the successful, on-time completion of two NGL fractionation plants for Phillips 66. The plants have a combined capacity of 300,000 barrels per day (BPD), quadrupling the processing capacity at the Phillips 66 Sweeny Hub. The successful completion of this project is due to our team and the partnership we created with Phillips 66 throughout the entire process, said David Taylor, COO of S&B Engineers and Constructors. Planning, designing, and building a large-scale plant, such as this, takes a significant amount of time and effort. Phillips 66 trusted our processes, procedures and workflows, which created an environment that allowed us all to succeed. The on-time mechanical completion of this project has increased significance because peak construction occurred at a time when COVID-19 cases were rising in the United States. Safety is our number one value at S&B, said Taylor. With 2,000 people working on site, we took precautions early to ensure the safety of our team members. Mandates for face coverings, staggered lunches and buses, social distancing, and compliance auditing were all important protocol changes that our team members had to accommodate to keep each other safe. In the last five years, S&B has designed and built 13 NGL fractionation plants. With the completion of this project S&B has now designed and installed more than 2 million BPD of NGL fractionation capacity for its clients. This project added the second and third fractionation plants to the original first train built for Phillips 66. All three plants were executed contractually lump sum in the Phillips 66 Sweeny Hub in Old Ocean, Texas. To learn more about the project visit: https://www.phillips66.com/newsroom/2020-fracs-2-3. About S&B Engineers and Constructors, Ltd. S&B Engineers and Constructors, Ltd. is one of the leading engineering, procurement, and construction firms in the United States, with more than 50 years of experience. S&B designs and builds world-scale projects in NGL fractionation, refining, petrochemicals, polymers, export terminals and pipelines. For more on S&B, visit www.sbec.com or Linkedin. Answer:

S&B Completes 300,000 BPD NGL Fractionation Project for Phillips 66

HOUSTON--(BUSINESS WIRE)--S&B today announced the successful, on-time completion of two NGL fractionation plants for Phillips 66. The plants have a combined capacity of 300,000 barrels per day (BPD), quadrupling the processing capacity at the Phillips 66 Sweeny Hub. The successful completion of this project is due to our team and the partnership we created with Phillips 66 throughout the entire process, said David Taylor, COO of S&B Engineers and Constructors. Planning, designing, and building a large-scale plant, such as this, takes a significant amount of time and effort. Phillips 66 trusted our processes, procedures and workflows, which created an environment that allowed us all to succeed. The on-time mechanical completion of this project has increased significance because peak construction occurred at a time when COVID-19 cases were rising in the United States. Safety is our number one value at S&B, said Taylor. With 2,000 people working on site, we took precautions early to ensure the safety of our team members. Mandates for face coverings, staggered lunches and buses, social distancing, and compliance auditing were all important protocol changes that our team members had to accommodate to keep each other safe. In the last five years, S&B has designed and built 13 NGL fractionation plants. With the completion of this project S&B has now designed and installed more than 2 million BPD of NGL fractionation capacity for its clients. This project added the second and third fractionation plants to the original first train built for Phillips 66. All three plants were executed contractually lump sum in the Phillips 66 Sweeny Hub in Old Ocean, Texas. To learn more about the project visit: https://www.phillips66.com/newsroom/2020-fracs-2-3. About S&B Engineers and Constructors, Ltd. S&B Engineers and Constructors, Ltd. is one of the leading engineering, procurement, and construction firms in the United States, with more than 50 years of experience. S&B designs and builds world-scale projects in NGL fractionation, refining, petrochemicals, polymers, export terminals and pipelines. For more on S&B, visit www.sbec.com 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: BOSTON--(BUSINESS WIRE)--Find all the top TV deals for Black Friday, together with 55 inch Samsung and LG 4K smart TV discounts. Browse the latest deals in the list below. Best TV Deals: Want some more deals? Click here to see the full selection of deals at Walmarts Black Friday Deals for Days sale and click here to browse Amazons current Black Friday deals. Deal Stripe earns commissions from purchases made using the links provided. A high-end smart TV is not just a TV that can connect to the internet. Smart TVs are now 4K TVs with sizes of 50 inches, 55 inches, 65 inches, 70 inches, and bigger which also have high-resolution displays. Televisions today are also designed to have minimum bezels to make the whole viewing experience more immersive. Samsung, LG, Panasonic, and other manufacturers offer their products through their own retail stores or third party shops like Walmart and Amazon. About Deal Stripe: Deal Stripe shares e-commerce and sales news. As an Amazon Associate and affiliate Deal Stripe earns from qualifying purchases. Answer:

Black Friday TV Deals (2020): 50, 55, and 65 Inch 4K Smart TV Deals Identified by Deal Stripe Black Friday 2020 experts are tracking the top TV deals for Black Friday, including the latest discounts on LG, Samsung, TCL, & more

BOSTON--(BUSINESS WIRE)--Find all the top TV deals for Black Friday, together with 55 inch Samsung and LG 4K smart TV discounts. Browse the latest deals in the list below. Best TV Deals: Want some more deals? Click here to see the full selection of deals at Walmarts Black Friday Deals for Days sale and click here to browse Amazons current Black Friday deals. Deal Stripe earns commissions from purchases made using the links provided. A high-end smart TV is not just a TV that can connect to the internet. Smart TVs are now 4K TVs with sizes of 50 inches, 55 inches, 65 inches, 70 inches, and bigger which also have high-resolution displays. Televisions today are also designed to have minimum bezels to make the whole viewing experience more immersive. Samsung, LG, Panasonic, and other manufacturers offer their products through their own retail stores or third party shops like Walmart and Amazon. About Deal Stripe: Deal Stripe shares e-commerce and sales news. As an Amazon Associate and affiliate Deal Stripe 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: HILLIARD, Ohio--(BUSINESS WIRE)--Advanced Drainage Systems, Inc. (NYSE: WMS) (ADS or the Company), a leading global manufacturer of stormwater and onsite septic wastewater management products and solutions for commercial, residential, infrastructure and agricultural applications, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year ended March 31, 2021 before the market opens on May 20, 2021. President and Chief Executive Officer, Scott Barbour, and Chief Financial Officer, Scott Cottrill will host a conference call and webcast on May 20, 2021 at 10:00 a.m. ET to discuss the results. Participants may register here for this conference call, or copy and paste the following text into your browser: http://www.directeventreg.com/registration/event/3072617. After registering, participants will receive a confirmation through email, including dial in details and unique conference call codes for entry. Registration is open through the live call. To ensure participants are connected for the full call, please register at least 10 minutes before the start of the call. The live webcast will also be accessible via the Events Calendar section of the Companys Investor Relations website, www.investors.ads-pipe.com. An archived version of the webcast will be available following the call. About the Company Advanced Drainage Systems is a leading provider of innovative water management solutions in the stormwater and on-site septic wastewater industries, providing superior drainage solutions for use in the construction and agriculture marketplace. For over 50 years, the Company has been manufacturing a variety of innovative and environmentally friendly alternatives to traditional materials. Its innovative products are used across a broad range of end markets and applications, including non-residential, residential, infrastructure and agriculture applications. The Company has established a leading position in many of these end markets by leveraging its national sales and distribution platform, overall product breadth and scale and manufacturing excellence. Founded in 1966, the Company operates a global network of approximately 60 manufacturing plants and 30 distribution centers. To learn more about Advanced Drainage Systems, please visit the Companys website at www.adspipe.com. Forward-Looking Statements Certain statements in this press release may be deemed to be forward-looking statements. These statements are not historical facts but rather are based on the Companys current expectations, estimates and projections regarding the Companys business, operations and other factors relating thereto. Words such as may, will, could, would, should, anticipate, predict, potential, continue, expects, intends, plans, projects, believes, estimates, confident and similar expressions are used to identify these forward-looking statements. Factors that could cause actual results to differ from those reflected in forward-looking statements relating to our operations and business include: fluctuations in the price and availability of resins and other raw materials and our ability to pass any increased costs of raw materials on to our customers in a timely manner; volatility in general business and economic conditions in the markets in which we operate, including the adverse impact on the U.S. and global economy of the COVID-19 global pandemic, and the impact of COVID-19 in the near, medium and long-term on our business, results of operations, financial position, liquidity or cash flows, and other limitation factors relating to availability of credit, interest rates, fluctuations in capital and business and consumer confidence; cyclicality and seasonality of the non-residential and residential construction markets and infrastructure spending; the risks of increasing competition in our existing and future markets, including competition from both manufacturers of high performance thermoplastic corrugated pipe and manufacturers of products using alternative materials; uncertainties surrounding the integration of acquisitions and similar transactions, including the recently completed acquisition of Infiltrator Water Technologies and the integration of Infiltrator Water Technologies; our ability to realize the anticipated benefits from the acquisition of Infiltrator Water Technologies; risks that the acquisition of Infiltrator Water Technologies and related transactions may involve unexpected costs, liabilities or delays; our ability to continue to convert current demand for concrete, steel and PVC pipe products into demand for our high performance thermoplastic corrugated pipe and Allied Products; the effect of weather or seasonality; the loss of any of our significant customers; the risks of doing business internationally; our ability to remediate the material weakness in our internal control over financial reporting, including remediation of the control environment for our joint venture affiliate ADS Mexicana, S.A. de C.V. as described in Item 9A. Controls and Procedures of our Annual Report on Form 10-K for the year ended March 31, 2020; the risks of conducting a portion of our operations through joint ventures; our ability to expand into new geographic or product markets, including risks associated with new markets and products associated with our recent acquisition of Infiltrator Water Technologies; our ability to achieve the acquisition component of our growth strategy; the risk associated with manufacturing processes; our ability to manage our assets; the risks associated with our product warranties; our ability to manage our supply purchasing and customer credit policies; the risks associated with our self-insured programs; our ability to control labor costs and to attract, train and retain highly-qualified employees and key personnel; our ability to protect our intellectual property rights; changes in laws and regulations, including environmental laws and regulations; our ability to project product mix; the risks associated with our current levels of indebtedness, including borrowings under our new Credit Agreement; the nature, cost and outcome of any future litigation and other legal proceedings, including any such proceedings related to our acquisition of Infiltrator Water Technologies, as may be instituted against the Company and others; fluctuations in our effective tax rate, including from the Tax Cuts and Jobs Act of 2017; changes to our operating results, cash flows and financial condition attributable to the Tax Cuts and Jobs Act of 2017; our ability to meet future capital requirements and fund our liquidity needs; the risk that additional information may arise that would require the Company to make additional adjustments or revisions or to restate the financial statements and other financial data for certain prior periods and any future periods; any delay in the filing of any filings with the Securities and Exchange Commission (SEC); the review of potential weaknesses or deficiencies in the Companys disclosure controls and procedures, and discovering weaknesses of which we are not currently aware or which have not been detected; additional uncertainties related to accounting issues generally and the other risks and uncertainties described in the Companys filings with the SEC. New risks and uncertainties emerge from time to time and it is not possible for the Company to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the Companys expectations, objectives or plans will be achieved in the timeframe anticipated or at all. Investors are cautioned not to place undue reliance on the Companys forward-looking statements and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Answer:

Advanced Drainage Systems to Announce Fourth Quarter and Fiscal Year 2021 Results on May 20, 2021

HILLIARD, Ohio--(BUSINESS WIRE)--Advanced Drainage Systems, Inc. (NYSE: WMS) (ADS or the Company), a leading global manufacturer of stormwater and onsite septic wastewater management products and solutions for commercial, residential, infrastructure and agricultural applications, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year ended March 31, 2021 before the market opens on May 20, 2021. President and Chief Executive Officer, Scott Barbour, and Chief Financial Officer, Scott Cottrill will host a conference call and webcast on May 20, 2021 at 10:00 a.m. ET to discuss the results. Participants may register here for this conference call, or copy and paste the following text into your browser: http://www.directeventreg.com/registration/event/3072617. After registering, participants will receive a confirmation through email, including dial in details and unique conference call codes for entry. Registration is open through the live call. To ensure participants are connected for the full call, please register at least 10 minutes before the start of the call. The live webcast will also be accessible via the Events Calendar section of the Companys Investor Relations website, www.investors.ads-pipe.com. An archived version of the webcast will be available following the call. About the Company Advanced Drainage Systems is a leading provider of innovative water management solutions in the stormwater and on-site septic wastewater industries, providing superior drainage solutions for use in the construction and agriculture marketplace. For over 50 years, the Company has been manufacturing a variety of innovative and environmentally friendly alternatives to traditional materials. Its innovative products are used across a broad range of end markets and applications, including non-residential, residential, infrastructure and agriculture applications. The Company has established a leading position in many of these end markets by leveraging its national sales and distribution platform, overall product breadth and scale and manufacturing excellence. Founded in 1966, the Company operates a global network of approximately 60 manufacturing plants and 30 distribution centers. To learn more about Advanced Drainage Systems, please visit the Companys website at www.adspipe.com. Forward-Looking Statements Certain statements in this press release may be deemed to be forward-looking statements. These statements are not historical facts but rather are based on the Companys current expectations, estimates and projections regarding the Companys business, operations and other factors relating thereto. Words such as may, will, could, would, should, anticipate, predict, potential, continue, expects, intends, plans, projects, believes, estimates, confident and similar expressions are used to identify these forward-looking statements. Factors that could cause actual results to differ from those reflected in forward-looking statements relating to our operations and business include: fluctuations in the price and availability of resins and other raw materials and our ability to pass any increased costs of raw materials on to our customers in a timely manner; volatility in general business and economic conditions in the markets in which we operate, including the adverse impact on the U.S. and global economy of the COVID-19 global pandemic, and the impact of COVID-19 in the near, medium and long-term on our business, results of operations, financial position, liquidity or cash flows, and other limitation factors relating to availability of credit, interest rates, fluctuations in capital and business and consumer confidence; cyclicality and seasonality of the non-residential and residential construction markets and infrastructure spending; the risks of increasing competition in our existing and future markets, including competition from both manufacturers of high performance thermoplastic corrugated pipe and manufacturers of products using alternative materials; uncertainties surrounding the integration of acquisitions and similar transactions, including the recently completed acquisition of Infiltrator Water Technologies and the integration of Infiltrator Water Technologies; our ability to realize the anticipated benefits from the acquisition of Infiltrator Water Technologies; risks that the acquisition of Infiltrator Water Technologies and related transactions may involve unexpected costs, liabilities or delays; our ability to continue to convert current demand for concrete, steel and PVC pipe products into demand for our high performance thermoplastic corrugated pipe and Allied Products; the effect of weather or seasonality; the loss of any of our significant customers; the risks of doing business internationally; our ability to remediate the material weakness in our internal control over financial reporting, including remediation of the control environment for our joint venture affiliate ADS Mexicana, S.A. de C.V. as described in Item 9A. Controls and Procedures of our Annual Report on Form 10-K for the year ended March 31, 2020; the risks of conducting a portion of our operations through joint ventures; our ability to expand into new geographic or product markets, including risks associated with new markets and products associated with our recent acquisition of Infiltrator Water Technologies; our ability to achieve the acquisition component of our growth strategy; the risk associated with manufacturing processes; our ability to manage our assets; the risks associated with our product warranties; our ability to manage our supply purchasing and customer credit policies; the risks associated with our self-insured programs; our ability to control labor costs and to attract, train and retain highly-qualified employees and key personnel; our ability to protect our intellectual property rights; changes in laws and regulations, including environmental laws and regulations; our ability to project product mix; the risks associated with our current levels of indebtedness, including borrowings under our new Credit Agreement; the nature, cost and outcome of any future litigation and other legal proceedings, including any such proceedings related to our acquisition of Infiltrator Water Technologies, as may be instituted against the Company and others; fluctuations in our effective tax rate, including from the Tax Cuts and Jobs Act of 2017; changes to our operating results, cash flows and financial condition attributable to the Tax Cuts and Jobs Act of 2017; our ability to meet future capital requirements and fund our liquidity needs; the risk that additional information may arise that would require the Company to make additional adjustments or revisions or to restate the financial statements and other financial data for certain prior periods and any future periods; any delay in the filing of any filings with the Securities and Exchange Commission (SEC); the review of potential weaknesses or deficiencies in the Companys disclosure controls and procedures, and discovering weaknesses of which we are not currently aware or which have not been detected; additional uncertainties related to accounting issues generally and the other risks and uncertainties described in the Companys filings with the SEC. New risks and uncertainties emerge from time to time and it is not possible for the Company to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the Companys expectations, objectives or plans will be achieved in the timeframe anticipated or at all. Investors are cautioned not to place undue reliance on the Companys forward-looking statements and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

edtsum1188

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 26, 2021 /PRNewswire/ --Eastern Union, one of the country's largest commercial real estate finance firms, has arranged financing totaling $53,745,000 for four commercial properties in New York State and Florida. The transactions were arranged by Eastern Union managing partner Abraham Bergman and vice president Yossi Orzel.The first transaction was a $28-million construction loan for a 159-unit, condominium project in Monroe, NY. The loan carried a 75-percent loan-to-cost ratio over a 24-month period. Continue Reading Abraham Bergman is co-founder and managing partner of Eastern Union. Yossi Orzel is a vice president with Eastern Union. The second New York State deal, also in Monroe, provided $5 million in financing for a 26-unit, fractured condominium property that is coming out of construction. The 12-year, fixed-term mortgage carried five years of interest-only payments and was set at an interest rate of four percent. Financing for this relatively complex transaction carried a 75-percent loan-to-value ratio. "Negotiating the right deal for a fractured condo transaction poses special challenges because many lenders simply don't engage with this particular asset class," said Mr. Orzel. "Nonetheless, Eastern Union succeeded in securing a loan that catered to the borrower's specific needs."A third transaction secured $11 million in financing for a mixed-use property in Brooklyn, NY. The deal -- which factored in the commercial rent -- carried a fixed 3.2-percent interest rate over a ten-year period, with interest-only payments due for the first five years.The fourth transaction supported a 160-unit,Low-Income Housing Tax Credit (LIHTC) property in Immokalee, FL with a ten-year fixed loan valued at $9,745,000. Interest was set at 3.22 percent, with one year of interest-only payments, despite the fact that the site had less than three years remaining on its federal LIHTC agreement. Financing carried an 83-percent loan-to-cost ratio. "It takes deep knowledge of the marketplace to pinpoint lenders for complex structured transactions, or who'll finance assets whose federal tax benefits are about to expire," said Mr. Bergman. "Eastern Union enjoys a growing reputation for identifying funding sources for challenging deals like these." About Eastern UnionFounded in 2001, Eastern Union is a leading, national commercial mortgage brokerage firm. It employs more than 125 real estate professionals and closes an average of $5 billion in transactions annually.Eastern Union leverages its relationships with lenders and its marketplace knowledge to secure the best available rates and terms.Eastern Union, headquartered in New York, closes transactions of all sizes across the United States. It secures financing for all asset types. Transactions -- which can include multi-state and multi-site portfolios -- encompass both conventional and structured financing.In 2020, Eastern Union's Multi-Family Group reset market pricing by offering a quarter-point fee -- with no back-end fees -- for refinancing properties backed by Fannie Mae or Freddie Mac. Capital introductions are handled through Eastern Union's affiliate, Eastern Equity Advisors.Eastern Union's free eCALC app instantly helps investors value and underwrite deals. For more information, visit www.easternunion.com. Media contact:Steve Vitoff516 652 0785[emailprotected]SOURCE Eastern Union Answer:

Abraham Bergman and Yossi Orzel of Eastern Union Finance Four Commercial Mortgages Totaling More Than $53 Million

NEW YORK, April 26, 2021 /PRNewswire/ --Eastern Union, one of the country's largest commercial real estate finance firms, has arranged financing totaling $53,745,000 for four commercial properties in New York State and Florida. The transactions were arranged by Eastern Union managing partner Abraham Bergman and vice president Yossi Orzel.The first transaction was a $28-million construction loan for a 159-unit, condominium project in Monroe, NY. The loan carried a 75-percent loan-to-cost ratio over a 24-month period. Continue Reading Abraham Bergman is co-founder and managing partner of Eastern Union. Yossi Orzel is a vice president with Eastern Union. The second New York State deal, also in Monroe, provided $5 million in financing for a 26-unit, fractured condominium property that is coming out of construction. The 12-year, fixed-term mortgage carried five years of interest-only payments and was set at an interest rate of four percent. Financing for this relatively complex transaction carried a 75-percent loan-to-value ratio. "Negotiating the right deal for a fractured condo transaction poses special challenges because many lenders simply don't engage with this particular asset class," said Mr. Orzel. "Nonetheless, Eastern Union succeeded in securing a loan that catered to the borrower's specific needs."A third transaction secured $11 million in financing for a mixed-use property in Brooklyn, NY. The deal -- which factored in the commercial rent -- carried a fixed 3.2-percent interest rate over a ten-year period, with interest-only payments due for the first five years.The fourth transaction supported a 160-unit,Low-Income Housing Tax Credit (LIHTC) property in Immokalee, FL with a ten-year fixed loan valued at $9,745,000. Interest was set at 3.22 percent, with one year of interest-only payments, despite the fact that the site had less than three years remaining on its federal LIHTC agreement. Financing carried an 83-percent loan-to-cost ratio. "It takes deep knowledge of the marketplace to pinpoint lenders for complex structured transactions, or who'll finance assets whose federal tax benefits are about to expire," said Mr. Bergman. "Eastern Union enjoys a growing reputation for identifying funding sources for challenging deals like these." About Eastern UnionFounded in 2001, Eastern Union is a leading, national commercial mortgage brokerage firm. It employs more than 125 real estate professionals and closes an average of $5 billion in transactions annually.Eastern Union leverages its relationships with lenders and its marketplace knowledge to secure the best available rates and terms.Eastern Union, headquartered in New York, closes transactions of all sizes across the United States. It secures financing for all asset types. Transactions -- which can include multi-state and multi-site portfolios -- encompass both conventional and structured financing.In 2020, Eastern Union's Multi-Family Group reset market pricing by offering a quarter-point fee -- with no back-end fees -- for refinancing properties backed by Fannie Mae or Freddie Mac. Capital introductions are handled through Eastern Union's affiliate, Eastern Equity Advisors.Eastern Union's free eCALC app instantly helps investors value and underwrite deals. For more information, visit www.easternunion.com. Media contact:Steve Vitoff516 652 0785[emailprotected]SOURCE Eastern Union

edtsum1193

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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/ -- The past few years have seen plant-based meat and dairy alternatives go from a niche product to a mainstream trend, and finally to a mainstay in the food industry. Now that the average consumer has had the opportunity to try plant-based alternatives, the market has spoken and plant-based foods are taking a much larger role in the food industry in 2021. Plant-based offerings are being added to the lineups of the world's largest food producers, multinational restaurants and cafes, and to important segments like the infant nutrition space. It's clear that the largest players in the food industry like Tyson Foods, Inc. (NYSE:TSN), PepsiCo (NASDAQ:PEP), Starbucks Corporation (NASDAQ:SBUX), and Yum! Brands, Inc. (NYSE:YUM), along with innovative plant-based foods companies like Else Nutrition (TSXV:BABY) (OTCQX:BABYF) see plant-based alternatives as something that is not going away and even as the future of the industry. Else Nutrition Partners With Major US Retailers The emergence of plant-based food has given rise to a number of innovative companies. Among them is Israel-based food and nutrition company Else Nutrition (TSXV:BABY) (OTCQX:BABYF). Else has carved out its place in the plant-based market by focusing first on infant and children's nutrition, including a 100% plant-based, non-soy, and GMO-free infant nutrition formula that meets the highest standard for nutrition and industry standards to be considered a clean label product. In recent months, the company has been expanding its US retail footprint through partnerships with major North American retailers. On February 8, Else's products hit shelves at 350 locations of US nationwide health food retailer Sprouts Farmers Market. Sprouts will soon be joined by additional other US retail chains served by KeHE Distributors. The company also successfully launched its product online last year with its initial launch on Amazon and the company's own e-store. Else was listed in Q4 2020 as Amazon's best seller new brand in the baby formula category. Else expanded its online retail presence in early January with the announcement that its products would be available on PlantX's fully plant-based e-commerce platform, and again in early February with the launch of Else products on health and wellness-focused e-commerce platform Thrive Market. "Today marks a major milestone for Else," Else Nutrition CEO and Co-Founder Hamutal Yitzhak said of the Sprouts Farmers market launch in the company's February 8 release. "Having our product available on shelves at this national retailer is a key step in our mission of bringing whole, clean, sustainable nutrition alternatives for children everywhere." On February 4, Else announced its latest all plant-based product. Continuing the company's focus so far on infant and child nutrition, Else is launching a new Plant-Powered Complete Nutrition for Kids products after completing a successful trial run. The latest addition to Else's lineup is a clean label, organic, plant-based nutrition shake packed with the protein, carbs, healthy fats, and 20 essential nutrients with 50% less sugar than leading brands. Global Food Giants Step Further into Plant-Based Space PepsiCo (NASDAQ:PEP)announced in late January that the company is forming a joint venture with Beyond Meat to develop plant-based drinks and snacks. The venture will give Pepsi access to the leading plant-based meat brand in the world, while Beyond gets access to Pepsi's distribution and production infrastructure. More information on what kinds of snack products the two companies will create together is forthcoming. In November, meat industry giant Tyson Foods, Inc. (NYSE:TSN) announced that the company would step further into the plant-based space by retooling its Raised and Rooted brand of plant-based and hybrid foods. The company plans to eliminate its hybrid offerings that combined meat-based and plant-based proteins and focus the Raised and Rooted brand on fully plant-based meat alternatives instead. Starbucks Corporation (NASDAQ:SBUX)is also expanding its plant-based offerings. In January, the company introduced its Original Nut Blend non-dairy milk alternative in the European markets. In addition, the company will be adding a range of plant-based food options, including breakfast sandwiches made with Beyond Meat's plant-based sausage. Yum! Brands, Inc. (NYSE:YUM) has moved further into the plant-based space as well. The company has already added plant-based options to Pizza Hut menus and in January announced the test launch of Taco Bell's first plant-based menu item in partnership with Beyond Meat. The growing interest in and adoption of plant-based foods from major retailers, restaurant brands, and food producers is a clear indication that the plant-based market segment is here to stay. Meanwhile, plant-based food companies like Else Nutrition are advancing the future of the industry. Click hereto find out more about Else Nutrition Holdings. DISCLAIMER: Microsmallcap.com (MSC) is the source of the Article and content set forth above.MSC owns StreetSignals.com.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 Else Nutrition Holdings. 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:

Shifting Trends See Global Food Giants Ramp Up Their Plant-based Offerings FN Media Group Presents Microsmallcap.com Market Commentary

NEW YORK, Feb. 16, 2021 /PRNewswire/ -- The past few years have seen plant-based meat and dairy alternatives go from a niche product to a mainstream trend, and finally to a mainstay in the food industry. Now that the average consumer has had the opportunity to try plant-based alternatives, the market has spoken and plant-based foods are taking a much larger role in the food industry in 2021. Plant-based offerings are being added to the lineups of the world's largest food producers, multinational restaurants and cafes, and to important segments like the infant nutrition space. It's clear that the largest players in the food industry like Tyson Foods, Inc. (NYSE:TSN), PepsiCo (NASDAQ:PEP), Starbucks Corporation (NASDAQ:SBUX), and Yum! Brands, Inc. (NYSE:YUM), along with innovative plant-based foods companies like Else Nutrition (TSXV:BABY) (OTCQX:BABYF) see plant-based alternatives as something that is not going away and even as the future of the industry. Else Nutrition Partners With Major US Retailers The emergence of plant-based food has given rise to a number of innovative companies. Among them is Israel-based food and nutrition company Else Nutrition (TSXV:BABY) (OTCQX:BABYF). Else has carved out its place in the plant-based market by focusing first on infant and children's nutrition, including a 100% plant-based, non-soy, and GMO-free infant nutrition formula that meets the highest standard for nutrition and industry standards to be considered a clean label product. In recent months, the company has been expanding its US retail footprint through partnerships with major North American retailers. On February 8, Else's products hit shelves at 350 locations of US nationwide health food retailer Sprouts Farmers Market. Sprouts will soon be joined by additional other US retail chains served by KeHE Distributors. The company also successfully launched its product online last year with its initial launch on Amazon and the company's own e-store. Else was listed in Q4 2020 as Amazon's best seller new brand in the baby formula category. Else expanded its online retail presence in early January with the announcement that its products would be available on PlantX's fully plant-based e-commerce platform, and again in early February with the launch of Else products on health and wellness-focused e-commerce platform Thrive Market. "Today marks a major milestone for Else," Else Nutrition CEO and Co-Founder Hamutal Yitzhak said of the Sprouts Farmers market launch in the company's February 8 release. "Having our product available on shelves at this national retailer is a key step in our mission of bringing whole, clean, sustainable nutrition alternatives for children everywhere." On February 4, Else announced its latest all plant-based product. Continuing the company's focus so far on infant and child nutrition, Else is launching a new Plant-Powered Complete Nutrition for Kids products after completing a successful trial run. The latest addition to Else's lineup is a clean label, organic, plant-based nutrition shake packed with the protein, carbs, healthy fats, and 20 essential nutrients with 50% less sugar than leading brands. Global Food Giants Step Further into Plant-Based Space PepsiCo (NASDAQ:PEP)announced in late January that the company is forming a joint venture with Beyond Meat to develop plant-based drinks and snacks. The venture will give Pepsi access to the leading plant-based meat brand in the world, while Beyond gets access to Pepsi's distribution and production infrastructure. More information on what kinds of snack products the two companies will create together is forthcoming. In November, meat industry giant Tyson Foods, Inc. (NYSE:TSN) announced that the company would step further into the plant-based space by retooling its Raised and Rooted brand of plant-based and hybrid foods. The company plans to eliminate its hybrid offerings that combined meat-based and plant-based proteins and focus the Raised and Rooted brand on fully plant-based meat alternatives instead. Starbucks Corporation (NASDAQ:SBUX)is also expanding its plant-based offerings. In January, the company introduced its Original Nut Blend non-dairy milk alternative in the European markets. In addition, the company will be adding a range of plant-based food options, including breakfast sandwiches made with Beyond Meat's plant-based sausage. Yum! Brands, Inc. (NYSE:YUM) has moved further into the plant-based space as well. The company has already added plant-based options to Pizza Hut menus and in January announced the test launch of Taco Bell's first plant-based menu item in partnership with Beyond Meat. The growing interest in and adoption of plant-based foods from major retailers, restaurant brands, and food producers is a clear indication that the plant-based market segment is here to stay. Meanwhile, plant-based food companies like Else Nutrition are advancing the future of the industry. Click hereto find out more about Else Nutrition Holdings. DISCLAIMER: Microsmallcap.com (MSC) is the source of the Article and content set forth above.MSC owns StreetSignals.com.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 Else Nutrition Holdings. 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

edtsum1197

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: ATHENS, Greece, June 30, 2020 /PRNewswire/ -- Within 14 months from the birth of the first baby, three more babies have been born using the maternal spindle transfer method, as part of the pilot trial conducted by the scientific team of the Institute of Life and Embryotools in Greece. The fourth baby was born at 10:40 am on June 20, 2020, at IASO Hospital, to a Greek mother with a long history of multiple IVF failures. Both the mother and the infant are in very good health. Attending obstetrician/gynecology surgeon Dr. Georgios Pistofidis issued the following statement: "The greatest satisfaction for a doctor is to overcome complex medical issues. This woman had undergone six failed IVF cycles and four unsuccessful embryo transfers, while her embryos had never reached the blastocyst stage. In the context of the ongoing maternal spindle transfer pilot trial, she managed to give birth to a baby with her own genetic material during the very first embryo transfer." In a joint statement, Dr. Nuno Costa-Borges, Co-Founder of Embryotools, and Mr. Eros Nikitos, Director of the IASO Institute of Life Embryology Lab, said: "A total of 25 women are participating in the pilot trial and 4 babies have already been born, which are being closely monitored based on a special pediatric protocol, and they are all well health-wise. Another pregnancy is at an advanced stage. We are very satisfied with the results so far. We keep processing the latest medical data arising from our pilot trial daily and significant scientific publications will follow shortly." About the Maternal Spindle Transfer Pilot Trial The maternal spindle transfer pilot trial involves mitochondrial replacement in human oocytes, fully preserving the genetic material of the woman who wants to reproduce. In this way, in the context of the pilot trial being carried out by the Institute of Life and Embryotools, the scientific team is researching the potential of addressing the problems of women with fertility issues and multiple IVF failures caused by cytoplasmic dysfunctions of their oocytes, and the potential of addressing serious mitochondrial diseases. Important Note: Births of children using the maternal spindle transfer method are performed in the context of an ongoing research protocol concerning a pilot trial that leads to pregnancy, which is conducted in accordance with the terms and conditions of Law 3305/2005. Based on current scientific findings, the maternal spindle transfer method is not an established infertility treatment, nor a recognized method of medically assisted reproduction. Logo - https://mma.prnewswire.com/media/1030045/Institute_of_Life_Logo.jpg SOURCE Institute of Life Related Links https://www.iolife.eu Answer:

Fourth Baby Born in 14 Months Using the Maternal Spindle Transfer Method as Part of Pilot Trial Conducted by the Institute of Life and Embryotools Scientific Team English Italia - Italiano Deutschland - Deutsch

ATHENS, Greece, June 30, 2020 /PRNewswire/ -- Within 14 months from the birth of the first baby, three more babies have been born using the maternal spindle transfer method, as part of the pilot trial conducted by the scientific team of the Institute of Life and Embryotools in Greece. The fourth baby was born at 10:40 am on June 20, 2020, at IASO Hospital, to a Greek mother with a long history of multiple IVF failures. Both the mother and the infant are in very good health. Attending obstetrician/gynecology surgeon Dr. Georgios Pistofidis issued the following statement: "The greatest satisfaction for a doctor is to overcome complex medical issues. This woman had undergone six failed IVF cycles and four unsuccessful embryo transfers, while her embryos had never reached the blastocyst stage. In the context of the ongoing maternal spindle transfer pilot trial, she managed to give birth to a baby with her own genetic material during the very first embryo transfer." In a joint statement, Dr. Nuno Costa-Borges, Co-Founder of Embryotools, and Mr. Eros Nikitos, Director of the IASO Institute of Life Embryology Lab, said: "A total of 25 women are participating in the pilot trial and 4 babies have already been born, which are being closely monitored based on a special pediatric protocol, and they are all well health-wise. Another pregnancy is at an advanced stage. We are very satisfied with the results so far. We keep processing the latest medical data arising from our pilot trial daily and significant scientific publications will follow shortly." About the Maternal Spindle Transfer Pilot Trial The maternal spindle transfer pilot trial involves mitochondrial replacement in human oocytes, fully preserving the genetic material of the woman who wants to reproduce. In this way, in the context of the pilot trial being carried out by the Institute of Life and Embryotools, the scientific team is researching the potential of addressing the problems of women with fertility issues and multiple IVF failures caused by cytoplasmic dysfunctions of their oocytes, and the potential of addressing serious mitochondrial diseases. Important Note: Births of children using the maternal spindle transfer method are performed in the context of an ongoing research protocol concerning a pilot trial that leads to pregnancy, which is conducted in accordance with the terms and conditions of Law 3305/2005. Based on current scientific findings, the maternal spindle transfer method is not an established infertility treatment, nor a recognized method of medically assisted reproduction. Logo - https://mma.prnewswire.com/media/1030045/Institute_of_Life_Logo.jpg SOURCE Institute of Life Related Links https://www.iolife.eu

edtsum1200

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: MESA, Ariz., June 17, 2020 /PRNewswire/ -- U-Haul is offering 30 days of free self-storage and U-Box container usage to residents impacted by the Bush Fire in Tonto National Forest.The fire has burned approximately 65,000 acres with no containment. It is the largest active burning fire in the country. U-Haul is offering 30 days of free self-storage and U-Box container usage to residents impacted by the Bush Fire in Tonto National Forest. The Maricopa County Sheriff's Office told Sunflower area residents to evacuate Tuesday after Gila County officials evacuated communities in Tonto Basin and Punkin Center on Monday. "As the Bush Fire spreads, people are having to leave their homes and move to other parts of the Valley," stated Andy Smith, U-Haul Company of Eastern Arizona president. "The fire is creating an immediate need for people to protect their belongings. We want to help any displaced families by providing free self-storage for one month through our disaster relief program."U-Haul has made 20 facilities in the East Valley available to offer assistance. People seeking more information about the U-Haul disaster relief program or needing to arrange 30 days of free self-storage should contact the nearest participating location:U-Haul Moving & Storage of Fountain Hills9264 Technology DriveFountain Hills, AZ 85268(480) 837-9467U-Haul Moving & Storage at Gilbert Heritage District1230 N. Gilbert RoadGilbert, AZ 85234(480) 635-9103U-Haul Storage of Downtown Mesa125 W. Hampton Ave.Mesa, AZ 85210(480) 649-7147U-Haul Moving & Storage of Downtown Mesa447 W. BroadwayMesa, AZ 85210(480) 733-7815U-Haul Moving & Storage of East Mesa6215 E. Main St.Mesa, AZ 85205(480) 830-0150U-Haul Moving & Storage at Falcon Field1614 N. Higley RoadMesa, AZ 85205(480) 654-2015U-Haul Moving & Storage at Leisure World457 S. Higley RoadMesa, AZ 85206(480) 830-0800U-Haul Moving & Storage at Main & Lindsay2947 E. Main St.Mesa, AZ 85213(480) 324-1120U-Haul Moving & Storage of Mesa219 E. McKellips RoadMesa, AZ 85201(480) 834-4198U-Haul Trailer Hitch Super Center of Mesa Phoenix2945 E. Main St.Mesa, AZ 85213(480) 981-4896U-Haul Moving & Storage at Cave Creek20618 N. Cave Creek RoadPhoenix, AZ 85024(602) 765-9600U-Haul Moving & Storage of Power Ranch7175 S. Power RoadQueen Creek, AZ 85142(480) 988-5825U-Haul Moving & Storage at San Tan Mountains6028 W. Hunt Hwy.Queen Creek, AZ 85142(480) 987-0927U-Haul Moving & Storage at Hayden Road15455 N. 84th St.Scottsdale, AZ 85260(480) 991-8948U-Haul Storage of Apache Station1905 E. Apache Blvd.Tempe, AZ 85281(480) 967-3900U-Haul Moving & Storage of Apache Station2340 E. Apache Blvd.Tempe, AZ 85281(480) 968-0493U-Haul at Elliot Road8162 S. Priest DriveTempe, AZ 85284(480) 940-0274U-Haul Moving & Storage at Fairmont Drive1010 W. Fairmont DriveTempe, AZ 85282(602) 635-7514U-Haul Moving & Storage at Loop 202 & McClintock800 N. McClintock DriveTempe, AZ 85281(480) 968-0961U-Haul Storage of Tempe Town Lake500 N. Scottsdale RoadTempe, AZ 85281(480) 829-1153WithU-Box containers, you can conveniently pick up our custom-designed trailer and take your U-Box with you. U-Haul also can store your U-Box container in our secure warehouses or pick up and deliver it to a location of your choice.U-Haul offered one month of free self-storage on March 12 to all college students whose school schedules were interrupted by COVID-19. That offer is ongoing at U-Haul-owned and -operated storage facilities across the U.S. and Canada, and is subject to availability.As an essential service provider, U-Haul is open to meet the needs of its communities. For details on what U-Haul has done to enhance cleaning protocols, protect Team Members and customers, and encourage the use of programs that inherently promote social distancing and contactless business, please reference our multi-media press release: "Moving Safely and Smartly during the COVID-19 Pandemic."About U-HaulSince 1945, U-Haul has been the No. 1 choice of do-it-yourself movers, with a network of 22,000 locations across all 50 states and 10 Canadian provinces. U-Haul Truck Share 24/7 offers secure access to U-Haul trucks every hour of every day through the customer dispatch option on their smartphones and our proprietary Live Verify technology. Our customers' patronage has enabled the U-Haul fleet to grow to approximately 167,000 trucks, 120,000 trailers and 43,000 towing devices. U-Haul offers nearly 697,000 rooms and 60.7 million square feet of self-storage space at owned and managed facilities throughout North America. U-Haul is the largest installer of permanent trailer hitches in the automotive aftermarket industry, and is the largest retailer of propane in the U.S.Contact:Andrea BatchelorJeff Lockridge E-mail: [emailprotected]Phone: 602-263-6981Website: uhaul.comSOURCE U-Haul Related Links www.uhaul.com Answer:

Bush Fire Evacuees: U-Haul Offers 30 Days Free Self-Storage

MESA, Ariz., June 17, 2020 /PRNewswire/ -- U-Haul is offering 30 days of free self-storage and U-Box container usage to residents impacted by the Bush Fire in Tonto National Forest.The fire has burned approximately 65,000 acres with no containment. It is the largest active burning fire in the country. U-Haul is offering 30 days of free self-storage and U-Box container usage to residents impacted by the Bush Fire in Tonto National Forest. The Maricopa County Sheriff's Office told Sunflower area residents to evacuate Tuesday after Gila County officials evacuated communities in Tonto Basin and Punkin Center on Monday. "As the Bush Fire spreads, people are having to leave their homes and move to other parts of the Valley," stated Andy Smith, U-Haul Company of Eastern Arizona president. "The fire is creating an immediate need for people to protect their belongings. We want to help any displaced families by providing free self-storage for one month through our disaster relief program."U-Haul has made 20 facilities in the East Valley available to offer assistance. People seeking more information about the U-Haul disaster relief program or needing to arrange 30 days of free self-storage should contact the nearest participating location:U-Haul Moving & Storage of Fountain Hills9264 Technology DriveFountain Hills, AZ 85268(480) 837-9467U-Haul Moving & Storage at Gilbert Heritage District1230 N. Gilbert RoadGilbert, AZ 85234(480) 635-9103U-Haul Storage of Downtown Mesa125 W. Hampton Ave.Mesa, AZ 85210(480) 649-7147U-Haul Moving & Storage of Downtown Mesa447 W. BroadwayMesa, AZ 85210(480) 733-7815U-Haul Moving & Storage of East Mesa6215 E. Main St.Mesa, AZ 85205(480) 830-0150U-Haul Moving & Storage at Falcon Field1614 N. Higley RoadMesa, AZ 85205(480) 654-2015U-Haul Moving & Storage at Leisure World457 S. Higley RoadMesa, AZ 85206(480) 830-0800U-Haul Moving & Storage at Main & Lindsay2947 E. Main St.Mesa, AZ 85213(480) 324-1120U-Haul Moving & Storage of Mesa219 E. McKellips RoadMesa, AZ 85201(480) 834-4198U-Haul Trailer Hitch Super Center of Mesa Phoenix2945 E. Main St.Mesa, AZ 85213(480) 981-4896U-Haul Moving & Storage at Cave Creek20618 N. Cave Creek RoadPhoenix, AZ 85024(602) 765-9600U-Haul Moving & Storage of Power Ranch7175 S. Power RoadQueen Creek, AZ 85142(480) 988-5825U-Haul Moving & Storage at San Tan Mountains6028 W. Hunt Hwy.Queen Creek, AZ 85142(480) 987-0927U-Haul Moving & Storage at Hayden Road15455 N. 84th St.Scottsdale, AZ 85260(480) 991-8948U-Haul Storage of Apache Station1905 E. Apache Blvd.Tempe, AZ 85281(480) 967-3900U-Haul Moving & Storage of Apache Station2340 E. Apache Blvd.Tempe, AZ 85281(480) 968-0493U-Haul at Elliot Road8162 S. Priest DriveTempe, AZ 85284(480) 940-0274U-Haul Moving & Storage at Fairmont Drive1010 W. Fairmont DriveTempe, AZ 85282(602) 635-7514U-Haul Moving & Storage at Loop 202 & McClintock800 N. McClintock DriveTempe, AZ 85281(480) 968-0961U-Haul Storage of Tempe Town Lake500 N. Scottsdale RoadTempe, AZ 85281(480) 829-1153WithU-Box containers, you can conveniently pick up our custom-designed trailer and take your U-Box with you. U-Haul also can store your U-Box container in our secure warehouses or pick up and deliver it to a location of your choice.U-Haul offered one month of free self-storage on March 12 to all college students whose school schedules were interrupted by COVID-19. That offer is ongoing at U-Haul-owned and -operated storage facilities across the U.S. and Canada, and is subject to availability.As an essential service provider, U-Haul is open to meet the needs of its communities. For details on what U-Haul has done to enhance cleaning protocols, protect Team Members and customers, and encourage the use of programs that inherently promote social distancing and contactless business, please reference our multi-media press release: "Moving Safely and Smartly during the COVID-19 Pandemic."About U-HaulSince 1945, U-Haul has been the No. 1 choice of do-it-yourself movers, with a network of 22,000 locations across all 50 states and 10 Canadian provinces. U-Haul Truck Share 24/7 offers secure access to U-Haul trucks every hour of every day through the customer dispatch option on their smartphones and our proprietary Live Verify technology. Our customers' patronage has enabled the U-Haul fleet to grow to approximately 167,000 trucks, 120,000 trailers and 43,000 towing devices. U-Haul offers nearly 697,000 rooms and 60.7 million square feet of self-storage space at owned and managed facilities throughout North America. U-Haul is the largest installer of permanent trailer hitches in the automotive aftermarket industry, and is the largest retailer of propane in the U.S.Contact:Andrea BatchelorJeff Lockridge E-mail: [emailprotected]Phone: 602-263-6981Website: uhaul.comSOURCE U-Haul Related Links www.uhaul.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, Dec. 16, 2020 /PRNewswire/ --On Tuesday, December 1, Apple's App Store presented its Best of 2020 winners. Explain Everything Whiteboard was awarded in the App Trends Category for Leading the Classroom. This digital alternative to the traditional chalkboard is used by thousands of teachers and students worldwide every day and was recognized as one of the most helpful apps of 2020. (PRNewsfoto/Explain Everything, Inc.) Explain Everything Interactive Whiteboard had already been used extensively as a teaching and learning platform since its original launch in 2011. As the pandemic increasingly impacted teachers and students around the world, the company extended its free trial offer in order to help schools better support the learning needs of their communities. Between February and June 2020, Explain Everything provided access to 1.2 million new users. Over the last 10 months, the number of both live classes conducted and whiteboard videos created with Explain Everything more than doubled. Collaborative whiteboarding with Explain Everything increased more than six-fold. The App Store Best of 2020 from Apple award recognizes the contribution of Explain Everything towards restoring a sense of togetherness and familiarity during a time when school has felt less personal or even unrecognizable given the challenges created by remote learning environments. When 2020 made the whole world move work and school online, Explain Everything Whiteboard was ready. Easy access from a variety of platforms has allowed many teachers and students around the globe to easily incorporate the whiteboard into their workflows. For this reason, Explain Everything continues to be a tool of choice for millions of teachers. Explain Everything received the App Store Trend of the Year Award for its native iOS app. The platform also can be used in a web browser or on Android and Chrome devices. TryExplain Everything on iPad or iPhone, read the App Store story or visit http://explaineverything.com. For press inquiries, please email [emailprotected].Explain Everything Whiteboard is developed by Explain Everything Inc, a New York, NY, and Wroclaw, Poland-based team of innovators, artists, learners, and leaders dedicated to developing creativity-inspiring technologies. Released in 2011, Explain Everything is now used by millions of people around the world.SOURCE Explain Everything, Inc. Related Links http://www.explaineverything.com Answer:

Explain Everything Whiteboard recognized as Best of 2020 by the App Store

NEW YORK, Dec. 16, 2020 /PRNewswire/ --On Tuesday, December 1, Apple's App Store presented its Best of 2020 winners. Explain Everything Whiteboard was awarded in the App Trends Category for Leading the Classroom. This digital alternative to the traditional chalkboard is used by thousands of teachers and students worldwide every day and was recognized as one of the most helpful apps of 2020. (PRNewsfoto/Explain Everything, Inc.) Explain Everything Interactive Whiteboard had already been used extensively as a teaching and learning platform since its original launch in 2011. As the pandemic increasingly impacted teachers and students around the world, the company extended its free trial offer in order to help schools better support the learning needs of their communities. Between February and June 2020, Explain Everything provided access to 1.2 million new users. Over the last 10 months, the number of both live classes conducted and whiteboard videos created with Explain Everything more than doubled. Collaborative whiteboarding with Explain Everything increased more than six-fold. The App Store Best of 2020 from Apple award recognizes the contribution of Explain Everything towards restoring a sense of togetherness and familiarity during a time when school has felt less personal or even unrecognizable given the challenges created by remote learning environments. When 2020 made the whole world move work and school online, Explain Everything Whiteboard was ready. Easy access from a variety of platforms has allowed many teachers and students around the globe to easily incorporate the whiteboard into their workflows. For this reason, Explain Everything continues to be a tool of choice for millions of teachers. Explain Everything received the App Store Trend of the Year Award for its native iOS app. The platform also can be used in a web browser or on Android and Chrome devices. TryExplain Everything on iPad or iPhone, read the App Store story or visit http://explaineverything.com. For press inquiries, please email [emailprotected].Explain Everything Whiteboard is developed by Explain Everything Inc, a New York, NY, and Wroclaw, Poland-based team of innovators, artists, learners, and leaders dedicated to developing creativity-inspiring technologies. Released in 2011, Explain Everything is now used by millions of people around the world.SOURCE Explain Everything, Inc. Related Links http://www.explaineverything.com

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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: LONDON--(BUSINESS WIRE)--Technavio has been monitoring the fracking water treatment market and it is poised to grow by USD 1.67 bn during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts Frequently Asked Questions: The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aquatech International LLC, DuPont de Nemours Inc., Evoqua Water Technologies Corp., Halliburton Co., Oasys Water Inc., Schlumberger Ltd., SUEZ SA, Veolia Environnement SA, WesTech Engineering Inc., and Xylem Inc. are some of the major market participants. The increasing consumption of oil and natural gas will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Fracking Water Treatment Market 2020-2024: Segmentation Fracking Water Treatment Market is segmented as below: To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40641 Fracking Water Treatment Market 2020-2024: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The fracking water treatment market report covers the following areas: This study identifies the adoption of supercritical carbon in fracking as one of the prime reasons driving the fracking water treatment market growth during the next few years. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Fracking Water Treatment Market 2020-2024: Key Highlights Table of Contents: Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by Application Customer landscape Geographic Landscape Drivers, Challenges, and Trends Vendor Landscape Vendor Analysis Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Answer:

Fracking Water Treatment Market- Roadmap for Recovery from COVID-19 | Increasing Consumption Of Oil And Natural Gas to Boost the Market Growth | Technavio

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the fracking water treatment market and it is poised to grow by USD 1.67 bn during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts Frequently Asked Questions: The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aquatech International LLC, DuPont de Nemours Inc., Evoqua Water Technologies Corp., Halliburton Co., Oasys Water Inc., Schlumberger Ltd., SUEZ SA, Veolia Environnement SA, WesTech Engineering Inc., and Xylem Inc. are some of the major market participants. The increasing consumption of oil and natural gas will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Fracking Water Treatment Market 2020-2024: Segmentation Fracking Water Treatment Market is segmented as below: To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40641 Fracking Water Treatment Market 2020-2024: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The fracking water treatment market report covers the following areas: This study identifies the adoption of supercritical carbon in fracking as one of the prime reasons driving the fracking water treatment market growth during the next few years. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Fracking Water Treatment Market 2020-2024: Key Highlights Table of Contents: Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by Application Customer landscape Geographic Landscape Drivers, Challenges, and Trends Vendor Landscape Vendor Analysis Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: LONDON--(BUSINESS WIRE)--The global polypropylene nonwoven fabric market size is poised to grow by USD 12.26 billion during 2020-2024, progressing at a CAGR of over 7% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis. The demand for polypropylene nonwoven fabric is increasing in the hygiene end-user application segment due to its specific functionalities such as low weight, low specific gravity, and resistance to bacteria. This segment includes products for babies, adults, and feminine hygiene. Technavios market research report identifies that the increased consumption of hygiene products will be one of the primary growth drivers for the global polypropylene nonwoven fabric market until 2024. The consumption of hygiene products is increasing due to the rising preference for personal hygiene and product innovations. The need for hygiene products will continue to increase due to growth in public health awareness and upliftment of living standards. This, in turn, will boost the application of non-woven polypropylene fabric. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Report Highlights: Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Emergence of Bio-based Polypropylene will be a Key Market Trend The preference for synthetic polypropylene is declining due to the growing environmental concerns associated with the production and use of fossil fuel-derived polypropylene. This has encouraged the development of bio-based polypropylene. The emergence of bio-based polypropylene is identified as one of the key polypropylene nonwoven fabric market trends that will gain traction in the next four years. Bio-based polypropylene has a huge market demand, which is encouraging numerous large players to invest heavily in research and developmental activities for the manufacturing of bio-based polypropylene. Technavios sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report Polypropylene Nonwoven Fabric Market 2020-2024: Key Highlights Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by Product Market Segmentation by Application Customer landscape Geographic Landscape Vendor Landscape Vendor Analysis Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Answer:

Polypropylene Nonwoven Fabric Market | Increased Demand for Hygiene Products to Boost the Market Growth | Technavio

LONDON--(BUSINESS WIRE)--The global polypropylene nonwoven fabric market size is poised to grow by USD 12.26 billion during 2020-2024, progressing at a CAGR of over 7% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis. The demand for polypropylene nonwoven fabric is increasing in the hygiene end-user application segment due to its specific functionalities such as low weight, low specific gravity, and resistance to bacteria. This segment includes products for babies, adults, and feminine hygiene. Technavios market research report identifies that the increased consumption of hygiene products will be one of the primary growth drivers for the global polypropylene nonwoven fabric market until 2024. The consumption of hygiene products is increasing due to the rising preference for personal hygiene and product innovations. The need for hygiene products will continue to increase due to growth in public health awareness and upliftment of living standards. This, in turn, will boost the application of non-woven polypropylene fabric. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Report Highlights: Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Emergence of Bio-based Polypropylene will be a Key Market Trend The preference for synthetic polypropylene is declining due to the growing environmental concerns associated with the production and use of fossil fuel-derived polypropylene. This has encouraged the development of bio-based polypropylene. The emergence of bio-based polypropylene is identified as one of the key polypropylene nonwoven fabric market trends that will gain traction in the next four years. Bio-based polypropylene has a huge market demand, which is encouraging numerous large players to invest heavily in research and developmental activities for the manufacturing of bio-based polypropylene. Technavios sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report Polypropylene Nonwoven Fabric Market 2020-2024: Key Highlights Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by Product Market Segmentation by Application Customer landscape Geographic Landscape Vendor Landscape Vendor Analysis Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: LONDON--(BUSINESS WIRE)--The new hydrostatic transmission market research report from Technavio indicates neutral growth in the short term as the business impact of COVID-19 spreads. Get detailed insights on the COVID-19 pandemic Crisis and Recovery analysis of the hydrostatic transmission market. Get FREE report sample within MINUTES "One of the primary growth drivers for this market is the increasing demand for customized hydrostatic transmission, says a senior analyst for the Industrials industry at Technavio. As the markets recover Technavio expects the hydrostatic transmission market size to grow by USD 606.73 million during the period 2020-2024. Hydrostatic Transmission Market Segment Highlights for 2020 Regional Analysis Click here to learn about report detailed analysis and insights on how you can leverage them to grow your business. Related Reports on Industrials Include: Global Hydronic Systems Market - Global hydronic systems market is segmented by application (residential and non-residential), technology (heating and cooling), and geography (North America, APAC, Europe, South America, and MEA). Click Here to Get an Exclusive Free Sample Report Global Hydrogen Compressor Market - Global hydrogen compressor market is segmented by technology (multistage and single-stage), end-user (oil and gas, chemicals, and others), type (oil-based and oil-free), power range (below 100 hp, 101 hp - 200 hp, 201 hp and above), and geography (APAC, Europe, North America, MEA, and South America). Click Here to Get an Exclusive Free Sample Report Notes: Register for a free trial today to access 17,000+ market research reports using Technavio's SUBSCRIPTION platform About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Answer:

Hydrostatic Transmission Market to See Maximum Growth in APAC During 2020-2024 | Includes COVID-19 Impact Analysis and Business Continuity Plan for New Normal | Technavio

LONDON--(BUSINESS WIRE)--The new hydrostatic transmission market research report from Technavio indicates neutral growth in the short term as the business impact of COVID-19 spreads. Get detailed insights on the COVID-19 pandemic Crisis and Recovery analysis of the hydrostatic transmission market. Get FREE report sample within MINUTES "One of the primary growth drivers for this market is the increasing demand for customized hydrostatic transmission, says a senior analyst for the Industrials industry at Technavio. As the markets recover Technavio expects the hydrostatic transmission market size to grow by USD 606.73 million during the period 2020-2024. Hydrostatic Transmission Market Segment Highlights for 2020 Regional Analysis Click here to learn about report detailed analysis and insights on how you can leverage them to grow your business. Related Reports on Industrials Include: Global Hydronic Systems Market - Global hydronic systems market is segmented by application (residential and non-residential), technology (heating and cooling), and geography (North America, APAC, Europe, South America, and MEA). Click Here to Get an Exclusive Free Sample Report Global Hydrogen Compressor Market - Global hydrogen compressor market is segmented by technology (multistage and single-stage), end-user (oil and gas, chemicals, and others), type (oil-based and oil-free), power range (below 100 hp, 101 hp - 200 hp, 201 hp and above), and geography (APAC, Europe, North America, MEA, and South America). Click Here to Get an Exclusive Free Sample Report Notes: Register for a free trial today to access 17,000+ market research reports using Technavio's SUBSCRIPTION platform About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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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., June 2, 2020 /PRNewswire/ -- Halo Microelectronics, a leader in mobile fast charging transformation, further strengthened its leadership by introducing two new products today.The HL7132 is the industry's smallest footprint 30W fast charger that reduces the solution size by greater than 30% compared to competing solutions.The HL7130 is optimized for greater than 40W charging which makes it an ideal solution for high-end mobile devices with larger batteries. Adoption of 5G and proliferation of USB type-C connector are two biggest changes happening in the mobile market today. Both of these trends are fueling the adoption and proliferation of fast charging for all segments of mobile devices. Mobile OEM's are routinely introducing family of products that implements fast charging from 20W to greater than 50W.With the introduction of HL7132 and HL7130, along with previous generation of fast charging solutions, Halo offers the greatest selection of 1-cell and 2-cell fast charging products for size, charging speed and cost optimization to support end product goals. "We are excited to be introducing the HL7130 and HL7132 family of products today to power the next generation 5G smartphones and tablets," said David Nam, CEO of Halo Microelectronics. "Fast charging is drastically changing the user experience, and Halo is proud to be the leading innovator in this evolution. With the newest additions, Halo's portfolio of products is designed to optimally meet the needs of our customer's multi-tier products strategy with different battery sizes" Key features and Benefits of HL7132 and HL7130 fast charging solutions HL7132 6A Switched capacitor 1-cell battery charger Ideal for 20W~30W USB-C charging application 98% High efficiency dual-phase 2:1 Continuous 6A output Low shutdown current Input current, Battery voltage and current regulation for safest charging Built-in 10-bit ADC to enable optimal charging control HL7130 8A Switched capacitor 1-cell battery charger Ideal for greater than 40W USB-C charging application Continuous 8A Output charge pump mode & 4.5A bypass mode 22V tolerant input voltage Battery voltage and current regulation loops For more information about Halo's fast charging solutions, please visit www.halomicro.com About Halo Microelectronics Halo Microelectronics develops analog and power management integrated circuits enabling energy efficient smart systems. Halo Microelectronics has been driving innovation in mobile, IoT and automotive systems, since 2012. Find out more at www.halomicro.com For more information, please contact: Americas and Europe Greater China / Asia [emailprotected] Jacky Yan Tel: +86 180 2928 9183 Email: [emailprotected] SOURCE Halo Microelectronics International Related Links www.halomicro.com Answer:

Halo Microelectronics introduces two new Smallest Footprint and Highest Efficiency fast charging solutions using a switched capacitor architecture for single cell battery applications

SAN JOSE, Calif., June 2, 2020 /PRNewswire/ -- Halo Microelectronics, a leader in mobile fast charging transformation, further strengthened its leadership by introducing two new products today.The HL7132 is the industry's smallest footprint 30W fast charger that reduces the solution size by greater than 30% compared to competing solutions.The HL7130 is optimized for greater than 40W charging which makes it an ideal solution for high-end mobile devices with larger batteries. Adoption of 5G and proliferation of USB type-C connector are two biggest changes happening in the mobile market today. Both of these trends are fueling the adoption and proliferation of fast charging for all segments of mobile devices. Mobile OEM's are routinely introducing family of products that implements fast charging from 20W to greater than 50W.With the introduction of HL7132 and HL7130, along with previous generation of fast charging solutions, Halo offers the greatest selection of 1-cell and 2-cell fast charging products for size, charging speed and cost optimization to support end product goals. "We are excited to be introducing the HL7130 and HL7132 family of products today to power the next generation 5G smartphones and tablets," said David Nam, CEO of Halo Microelectronics. "Fast charging is drastically changing the user experience, and Halo is proud to be the leading innovator in this evolution. With the newest additions, Halo's portfolio of products is designed to optimally meet the needs of our customer's multi-tier products strategy with different battery sizes" Key features and Benefits of HL7132 and HL7130 fast charging solutions HL7132 6A Switched capacitor 1-cell battery charger Ideal for 20W~30W USB-C charging application 98% High efficiency dual-phase 2:1 Continuous 6A output Low shutdown current Input current, Battery voltage and current regulation for safest charging Built-in 10-bit ADC to enable optimal charging control HL7130 8A Switched capacitor 1-cell battery charger Ideal for greater than 40W USB-C charging application Continuous 8A Output charge pump mode & 4.5A bypass mode 22V tolerant input voltage Battery voltage and current regulation loops For more information about Halo's fast charging solutions, please visit www.halomicro.com About Halo Microelectronics Halo Microelectronics develops analog and power management integrated circuits enabling energy efficient smart systems. Halo Microelectronics has been driving innovation in mobile, IoT and automotive systems, since 2012. Find out more at www.halomicro.com For more information, please contact: Americas and Europe Greater China / Asia [emailprotected] Jacky Yan Tel: +86 180 2928 9183 Email: [emailprotected] SOURCE Halo Microelectronics International Related Links www.halomicro.com

edtsum1228

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: LONDON, April 23, 2020 /PRNewswire/ -- The advances in genomics and proteomics is a key trend driving the growth of the molecular diagnostics market. Polymerase chain reaction (PCR) is a recent development in genomics and helps in discovering new approaches to molecular diagnosis for disease diagnosis and pathogenesis of diseases. This enables better monitoring and a fast diagnosis, and major organizations are investing to have a competitive edge. Following the trend, Genome Canada, a source of funding for genomics and proteomics, announced plans to invest $16 million between the period April 2015 and March 2017. The growing research in proteomics and genomics will help develop more advanced molecular diagnostic techniques in the forecast period. Read More On The Business Research Company's Molecular Diagnostics Market Report: https://www.thebusinessresearchcompany.com/report/molecular-diagnostics-market-global-report-2020-covid-19-implications-and-growth Molecular Diagnostics Market Overview And Segments Molecular diagnostics is a term used to describe a class of techniques that are used to examine biological markers in the genetic code (genome) of an organism and to determine how their cells express their genes as proteins. The molecular diagnostics market covered in this report is segmented by technology into polymerase chain reaction (PCR), DNA sequencing, and next-generation sequencing. It is also segmented by product into instruments, reagents and consumables, and software & services. By application it is segmented into oncology, pharmacogenomics, infectious diseases, genetic testing, neurological disease, cardiovascular disease, microbiology, and others, and by end-user the market is segmented into hospitals, laboratories, and others (blood banks, home health agencies, and nursing homes). The Molecular Diagnostics Market Will Reach $12.09 Billion By 2023 The global molecular diagnostics market was worth $8.62 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 8.82% and reach $12.09 billion by 2023. The global prevalence of infectious diseases and cancers of different forms drives the molecular diagnostics market. The increasing prevalence of infectious diseases and various types of cancer creates a demand for new diagnostic procedures including fast and specific molecular diagnostic tests. According to the International Agency for Research on Cancer (IARC), in 2018, there were 17.0 million new cancer cases and 9.5 million cancer deaths worldwide, and by 2040, the number is expected to increase to 27.5 million new cancer cases and 16.3 million cancer deaths. The increasing prevalence of cancer globally will increase the demand for molecular diagnostic tests for effective diagnosis of cancer over the coming years, thereby contributing to the growth of the market. Request A Free Sample Of The Molecular Diagnostics Market Report: https://www.thebusinessresearchcompany.com/sample.aspx?id=2816&type=smp Bruker Corporation Acquires Hain Lifescience GmbH Companies in the molecular diagnostics market invest in mergers and acquisitions to strengthen their businesses. In August 2018, Bruker Corporation, an American based manufacturer of scientific instruments for molecular and materials research announced plans to acquire majority stake in Hain Lifescience GmbH for an undisclosed amount. This acquisition will help Bruker to expand its presence in attractive microbiology and virology infectious disease MDx markets, add tuberculosis and mycobacteria testing, virology, and human genetics MDx, and add a pipeline for multiplex syndromic panel testing to its portfolio. Hain Lifescience GmbH is an infectious disease molecular diagnostics (MDx) specialist and provides solutions for detecting microbial and viral pathogens, antibiotic resistance testing, and human genetic diseases. Major players in the global molecular diagnostics market include Becton, BioMrieux SA., Danaher Corporation, Grifols, Hologic Inc., Novartis AG, QIAGEN, Siemens Healthcare GmbH, Abbott, Dickinson and Company, Hoffmann-La Roche Ltd., BD, Bio-Rad Laboratories, Johnson & Johnson, Cepheid, Roche Diagnostics, Alere, Bayer AG, Dako, Sysmex Corporation, Agilent Technologies, Diasorin, Illumina, Thermo Fisher Scientific, and Biocartis Group NV. Here Is A List Of Similar Reports By The Business Research Company: Sequencing Market By Type (Next Generation Sequencing, Third Generation Sequencing And Sanger Sequencing), By Products (Consumables, Software, Sequencing Services And Instruments), By Regions And By Trends Global Forecast To 2023 Polymerase Chain Reaction (PCR) And Real-Time Polymerase Chain Reaction (PCR) Testing Global Market Report 2020-30: Covid 19 Implications And Growth Genomics Market Global Report 2020: Covid 19 Implications And Growth Interested to know more about The Business Research Company? The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology. The World's Most Comprehensive Database The Business Research Company's flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps. Contact Information The Business Research CompanyEurope: +44-207-1930-708Asia: +91-8897263534Americas: +1-315-623-0293Email: [emailprotected]Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-companyFollow us on Twitter: https://twitter.com/tbrc_Info SOURCE The Business Research Company Answer:

Advances in Genomics and Proteomics in the $8.62 Billion Molecular Diagnostics Market

LONDON, April 23, 2020 /PRNewswire/ -- The advances in genomics and proteomics is a key trend driving the growth of the molecular diagnostics market. Polymerase chain reaction (PCR) is a recent development in genomics and helps in discovering new approaches to molecular diagnosis for disease diagnosis and pathogenesis of diseases. This enables better monitoring and a fast diagnosis, and major organizations are investing to have a competitive edge. Following the trend, Genome Canada, a source of funding for genomics and proteomics, announced plans to invest $16 million between the period April 2015 and March 2017. The growing research in proteomics and genomics will help develop more advanced molecular diagnostic techniques in the forecast period. Read More On The Business Research Company's Molecular Diagnostics Market Report: https://www.thebusinessresearchcompany.com/report/molecular-diagnostics-market-global-report-2020-covid-19-implications-and-growth Molecular Diagnostics Market Overview And Segments Molecular diagnostics is a term used to describe a class of techniques that are used to examine biological markers in the genetic code (genome) of an organism and to determine how their cells express their genes as proteins. The molecular diagnostics market covered in this report is segmented by technology into polymerase chain reaction (PCR), DNA sequencing, and next-generation sequencing. It is also segmented by product into instruments, reagents and consumables, and software & services. By application it is segmented into oncology, pharmacogenomics, infectious diseases, genetic testing, neurological disease, cardiovascular disease, microbiology, and others, and by end-user the market is segmented into hospitals, laboratories, and others (blood banks, home health agencies, and nursing homes). The Molecular Diagnostics Market Will Reach $12.09 Billion By 2023 The global molecular diagnostics market was worth $8.62 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 8.82% and reach $12.09 billion by 2023. The global prevalence of infectious diseases and cancers of different forms drives the molecular diagnostics market. The increasing prevalence of infectious diseases and various types of cancer creates a demand for new diagnostic procedures including fast and specific molecular diagnostic tests. According to the International Agency for Research on Cancer (IARC), in 2018, there were 17.0 million new cancer cases and 9.5 million cancer deaths worldwide, and by 2040, the number is expected to increase to 27.5 million new cancer cases and 16.3 million cancer deaths. The increasing prevalence of cancer globally will increase the demand for molecular diagnostic tests for effective diagnosis of cancer over the coming years, thereby contributing to the growth of the market. Request A Free Sample Of The Molecular Diagnostics Market Report: https://www.thebusinessresearchcompany.com/sample.aspx?id=2816&type=smp Bruker Corporation Acquires Hain Lifescience GmbH Companies in the molecular diagnostics market invest in mergers and acquisitions to strengthen their businesses. In August 2018, Bruker Corporation, an American based manufacturer of scientific instruments for molecular and materials research announced plans to acquire majority stake in Hain Lifescience GmbH for an undisclosed amount. This acquisition will help Bruker to expand its presence in attractive microbiology and virology infectious disease MDx markets, add tuberculosis and mycobacteria testing, virology, and human genetics MDx, and add a pipeline for multiplex syndromic panel testing to its portfolio. Hain Lifescience GmbH is an infectious disease molecular diagnostics (MDx) specialist and provides solutions for detecting microbial and viral pathogens, antibiotic resistance testing, and human genetic diseases. Major players in the global molecular diagnostics market include Becton, BioMrieux SA., Danaher Corporation, Grifols, Hologic Inc., Novartis AG, QIAGEN, Siemens Healthcare GmbH, Abbott, Dickinson and Company, Hoffmann-La Roche Ltd., BD, Bio-Rad Laboratories, Johnson & Johnson, Cepheid, Roche Diagnostics, Alere, Bayer AG, Dako, Sysmex Corporation, Agilent Technologies, Diasorin, Illumina, Thermo Fisher Scientific, and Biocartis Group NV. Here Is A List Of Similar Reports By The Business Research Company: Sequencing Market By Type (Next Generation Sequencing, Third Generation Sequencing And Sanger Sequencing), By Products (Consumables, Software, Sequencing Services And Instruments), By Regions And By Trends Global Forecast To 2023 Polymerase Chain Reaction (PCR) And Real-Time Polymerase Chain Reaction (PCR) Testing Global Market Report 2020-30: Covid 19 Implications And Growth Genomics Market Global Report 2020: Covid 19 Implications And Growth Interested to know more about The Business Research Company? The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology. The World's Most Comprehensive Database The Business Research Company's flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps. Contact Information The Business Research CompanyEurope: +44-207-1930-708Asia: +91-8897263534Americas: +1-315-623-0293Email: [emailprotected]Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-companyFollow us on Twitter: https://twitter.com/tbrc_Info SOURCE The Business Research Company

edtsum1232

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: AUSTIN, Texas, June 15, 2020 /PRNewswire/ -- A team of volunteers including students and alumni at the University of Texas at Austin has created a global COVID-19 Community Resource Mapto help identify and locate essential community resources. Continue Reading Visualizing resources in the U.S and Mexico on the Community Resource Map. The online map identifies the locations of testing sites, unemployment support, meal relief, homeless shelters, and community networks throughout the U.S. The map was launched byGroundBreakers, a global network of community leaders operating in 51 countries with an emphasis on local, grassroots efforts. GroundBreakers was co-founded in 2017 by UT Austin alum Sebastian De Beurs and Rara Reines. "While epidemiologists have led a worldwide effort to map COVID-19 cases, few have mapped the relief efforts available in those communities," said De Beurs. "Whether you are an elementary school student in need of meal relief or a recently unemployed adult, our goal is to help locate the resources available to you." GroundBreakers volunteers began work on the project in March with core teams of students from the University of Texas at Austin and University of Georgia leading the development of the map. Within the first 2 months of the effort, volunteers mapped more than 15,000 resources in the U.S., including food banks, meal relief programs, unemployment centers, homeless shelters, mutual aid groups, and coronavirus testing sites. "Our ultimate goal is to increase the visibility and accessibility of pandemic relief resources through the power of open data," said Edith Muleiro, who joined shortly after her university classes moved online. The resource map is now being used and shared by thousands of community leaders nationwide in their response efforts to COVID-19, and volunteers continue to update the map as they identify new resources. The map has recently been featured byNPR, Atlanta Journal Constitutionand on theVital Voices of Resilience podcast series.Volunteers for GroundBreakers are calling on people nationwide to add their resources to the map and supportthe effort"If you are aware of or leading coronavirus response resources, please share that location so the effort can aid those in need," said Reines.The map is available online atbit.ly/COVID19resourcemappingMedia contact:Rara Reines706 765 7225SOURCE GroundBreakers Related Links http://www.groundbreakershub.org Answer:

Student Volunteers Help Launch Map Visualizing Coronavirus Resources

AUSTIN, Texas, June 15, 2020 /PRNewswire/ -- A team of volunteers including students and alumni at the University of Texas at Austin has created a global COVID-19 Community Resource Mapto help identify and locate essential community resources. Continue Reading Visualizing resources in the U.S and Mexico on the Community Resource Map. The online map identifies the locations of testing sites, unemployment support, meal relief, homeless shelters, and community networks throughout the U.S. The map was launched byGroundBreakers, a global network of community leaders operating in 51 countries with an emphasis on local, grassroots efforts. GroundBreakers was co-founded in 2017 by UT Austin alum Sebastian De Beurs and Rara Reines. "While epidemiologists have led a worldwide effort to map COVID-19 cases, few have mapped the relief efforts available in those communities," said De Beurs. "Whether you are an elementary school student in need of meal relief or a recently unemployed adult, our goal is to help locate the resources available to you." GroundBreakers volunteers began work on the project in March with core teams of students from the University of Texas at Austin and University of Georgia leading the development of the map. Within the first 2 months of the effort, volunteers mapped more than 15,000 resources in the U.S., including food banks, meal relief programs, unemployment centers, homeless shelters, mutual aid groups, and coronavirus testing sites. "Our ultimate goal is to increase the visibility and accessibility of pandemic relief resources through the power of open data," said Edith Muleiro, who joined shortly after her university classes moved online. The resource map is now being used and shared by thousands of community leaders nationwide in their response efforts to COVID-19, and volunteers continue to update the map as they identify new resources. The map has recently been featured byNPR, Atlanta Journal Constitutionand on theVital Voices of Resilience podcast series.Volunteers for GroundBreakers are calling on people nationwide to add their resources to the map and supportthe effort"If you are aware of or leading coronavirus response resources, please share that location so the effort can aid those in need," said Reines.The map is available online atbit.ly/COVID19resourcemappingMedia contact:Rara Reines706 765 7225SOURCE GroundBreakers Related Links http://www.groundbreakershub.org

edtsum1238

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: ASTORIA, N.Y., Aug. 12, 2020 /PRNewswire/ -- Aleksandr Dayanayev, DDS, is being recognized by Continental Who's Who as a Top Dentist for his outstanding achievements in the field of Dentistry and acknowledgment for his professional excellence as the Founder of Steinway Family Dental Center. Continue Reading (PRNewsfoto/Continental Who's Who) Situated in Astoria on Steinway Street, Steinway Family Dental Center is proud to have one of the largest family dental practices in Queens. Serving the community since 1999, the practice consists of an in-house periodontist, an endodontist, and an oral surgeon. Led by Dr. Aleksandr Dayanayev, the dedicated Astoria dentists pride themselves on being equipped with the newest in dental technology and techniques to maximize patient convenience, comfort, and satisfaction. The team of dental experts offers a wide range of services including emergency dental care, Invisalign, dental crowns, porcelain veneers, dental implants, endodontics, periodontics, and family dentistry, among many more. At Steinway Family Dental Center, they work closely with every individual patient to completely customize dental plans that align with their goals and as a result boosting self-esteem and happiness, thus improving overall health. Renowned for his outstanding contributions, Dr. Dayanayev has garnered 24 years of professional experience in the field of dentistry. He specializes in cosmetic dentistry, emergency care, orthodontics, prosthetics, implants, full mouth reconstruction, and Invisalign. Particularly, he likes performing implants, Invisalign, and restorative treatments. Well-known to his patients and colleagues, Dr. Dayanayev has devoted the past 20 years to his patients as founder of Steinway Family Dental Center and currently trains new members of staff regularly ensuring the highest standards of excellence in dentistry are met. To prepare for his distinguished career, Dr. Dayanayev is a 1996 graduate of the New York University College of Dentistry, where he earned his Doctor of Dental Surgery degree. He has completed several continuing education courses, including Biolase and Nobel Biocare courses, Solea Laser courses, Invisalign Align Tech Institute, MIS Implants Course; The Three R's of Rational Endodontics; Simplifying Complex Cosmetic & Restorative Dentistry. To stay up-to-date with the latest industry developments, Dr. Dayanayev maintains an active membership with The American Academy of Cosmetic Dentistry (AACD) and the Steinway Study Club.In light of his professional achievements, Dr. Dayanayev has been named Best Doctor and received the Galler Cup for being one of the top Invisalign Providers in North America for 2018. The Galler Cup is presented by Reingage, an organization of dentists in North America founded by Dr. Galler. Dr. Dayanayev is married with three children.For further information, please visit http://www.alldentalneeds.com/.Contact: Katherine Green, 516-825-5634, [emailprotected] SOURCE Continental Who's Who Related Links http://www.continentalwhoswho.com Answer:

Aleksandr Dayanayev, DDS, is recognized by Continental Who's Who

ASTORIA, N.Y., Aug. 12, 2020 /PRNewswire/ -- Aleksandr Dayanayev, DDS, is being recognized by Continental Who's Who as a Top Dentist for his outstanding achievements in the field of Dentistry and acknowledgment for his professional excellence as the Founder of Steinway Family Dental Center. Continue Reading (PRNewsfoto/Continental Who's Who) Situated in Astoria on Steinway Street, Steinway Family Dental Center is proud to have one of the largest family dental practices in Queens. Serving the community since 1999, the practice consists of an in-house periodontist, an endodontist, and an oral surgeon. Led by Dr. Aleksandr Dayanayev, the dedicated Astoria dentists pride themselves on being equipped with the newest in dental technology and techniques to maximize patient convenience, comfort, and satisfaction. The team of dental experts offers a wide range of services including emergency dental care, Invisalign, dental crowns, porcelain veneers, dental implants, endodontics, periodontics, and family dentistry, among many more. At Steinway Family Dental Center, they work closely with every individual patient to completely customize dental plans that align with their goals and as a result boosting self-esteem and happiness, thus improving overall health. Renowned for his outstanding contributions, Dr. Dayanayev has garnered 24 years of professional experience in the field of dentistry. He specializes in cosmetic dentistry, emergency care, orthodontics, prosthetics, implants, full mouth reconstruction, and Invisalign. Particularly, he likes performing implants, Invisalign, and restorative treatments. Well-known to his patients and colleagues, Dr. Dayanayev has devoted the past 20 years to his patients as founder of Steinway Family Dental Center and currently trains new members of staff regularly ensuring the highest standards of excellence in dentistry are met. To prepare for his distinguished career, Dr. Dayanayev is a 1996 graduate of the New York University College of Dentistry, where he earned his Doctor of Dental Surgery degree. He has completed several continuing education courses, including Biolase and Nobel Biocare courses, Solea Laser courses, Invisalign Align Tech Institute, MIS Implants Course; The Three R's of Rational Endodontics; Simplifying Complex Cosmetic & Restorative Dentistry. To stay up-to-date with the latest industry developments, Dr. Dayanayev maintains an active membership with The American Academy of Cosmetic Dentistry (AACD) and the Steinway Study Club.In light of his professional achievements, Dr. Dayanayev has been named Best Doctor and received the Galler Cup for being one of the top Invisalign Providers in North America for 2018. The Galler Cup is presented by Reingage, an organization of dentists in North America founded by Dr. Galler. Dr. Dayanayev is married with three children.For further information, please visit http://www.alldentalneeds.com/.Contact: Katherine Green, 516-825-5634, [emailprotected] SOURCE Continental Who's Who Related Links http://www.continentalwhoswho.com

edtsum1243

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: CLEVELAND--(BUSINESS WIRE)--Athersys, Inc. (NASDAQ: ATHX), a regenerative medicine company developing MultiStem cell therapy, today announced that it has entered into a cooperation agreement with HEALIOS K.K. (Healios), the Companys largest shareholder and one of its commercial partners, and Dr. Hardy TS Kagimoto, a member of the Companys Board and the Chairman and Chief Executive Officer of Healios. The cooperation agreement is intended to reaffirm the mutual commitment to collaborative development of MultiStem in Japan. Pursuant to the agreement, the parties commit to work in good faith to finalize negotiations, with a spirit of cooperation and transparency as quickly as possible, on open matters important to successful commercialization in Japan. Further, Dr. Kagimoto has also agreed to voluntarily dismiss the Section 220 litigation with prejudice that he initiated in the Court of Chancery of the State of Delaware and withdraw his Section 220 demand. The Board will also appoint Mr. Kenneth H. Traub, a former member of the Board of Athersys, as a director of the Company. This mutual agreement represents a significant positive development for Athersys, and we look forward to continuing to collaborate with Healios as a commercial partner, said Dr. Ismail Kola, Chairman of the Athersys Board. This agreement will enable both Athersys and Healios to focus on advancing our late-stage programs for MultiStem, including preparing for top line results from Healios TREASURE trial for stroke and ONE-BRIDGE trial for ARDS, which we continue to expect in this year. With the accelerated regulatory pathways in Japan, we look forward to working closely with Healios as they prepare for their rolling submission for potential approval in Japan. We remain excited about the potential for MultiStem to change the lives of millions of patients globally and will continue to work towards expanding our international network of collaborations and alliances, to advance our clinical programs and drive value for our shareholders. Dr. Kagimoto stated, I am very pleased to have reached this mutually beneficial agreement with Athersys. I would like to compliment the independent directors of the Athersys Board on their constructive approach to our recent discussions, and I am confident the todays announcements will strengthen the Company moving forward. This is a critical time for Athersys, as it is closer than ever to transitioning from its developmental stage into a growing, commercial biotech company positioned to address significant unmet patient needs. Healios continues to be fully committed to a successful partnership with Athersys, and we are focused on helping the Company realize its full potential in order to save and improve patient lives while helping to deliver value for all Athersys shareholders. In addition, Healios has agreed to customary standstill and voting commitments in connection with the cooperation agreement. Additional information about the agreement with Healios will be included in a Current Report on Form 8-K that the Company will file with the Securities and Exchange Commission. About Kenneth H. Traub Mr. Traub has a successful track record in building value as a leader and investor in numerous companies. He currently serves as Managing Partner of Delta Value Advisors, a consulting firm and Managing Partner of Delta Value Group, an investment management firm. Mr. Traub also currently serves as Chairman of the board of DSP Group, Inc. (NASDAQ: DSPG) and on the board of Tidewater, Inc. (NYSE: TDW). Mr. Traub was previously Managing Partner of Raging Capital Management, CEO of Ethos Management and CEO of American Bank Note Holographics, Inc. (NASDAQ: ABHH). Mr. Traub previously served on the board of directors of Athersys from 2012 2016 and from June 2020 October 2020. Mr. Traub also previously served on the boards of directors of Voxware, Inc., Phoenix Technologies, Inc., iPass, Inc., MIPS Technologies, Inc., Xyratex Limited, Vitesse Semiconductor Corporation, AM Castle & Co., MRV Communications, Inc., IDW Media Holdings, Immersion Corporation, Gulfmark, Inc. and Intermolecular, Inc. Mr. Traub received a BA from Emory College and an MBA from Harvard Business School. About MultiStem MultiStem cell therapy is a patented regenerative medicine product candidate in clinical development that has shown the ability to promote tissue repair and healing in a variety of ways, such as through the production of therapeutic factors in response to signals of inflammation and tissue damage. MultiStem therapys potential for multidimensional therapeutic impact may distinguish it from traditional biopharmaceutical therapies focused on a single mechanism of benefit. MultiStem represents a unique "off-the-shelf" stem cell product candidate that can be manufactured in a scalable manner, may be stored for years in frozen form, and is administered without tissue matching or the need for immune suppression. Based upon favorable outcome data, its novel mechanisms of action, and favorable and consistent tolerability data in clinical studies, we believe that MultiStem therapy may provide a meaningful benefit to patients, including those suffering from serious diseases and conditions with unmet medical need. About Athersys Athersys is a biotechnology company engaged in the discovery and development of therapeutic product candidates designed to extend and enhance the quality of human life. The Company is developing its MultiStem cell therapy product, a patented, adult-derived "off-the-shelf" stem cell product, initially for disease indications in the neurological, inflammatory and immune, cardiovascular and other critical care indications and has several ongoing clinical trials evaluating this potential regenerative medicine product. Athersys has forged strategic partnerships and a broad network of collaborations to further advance the MultiStem cell therapy toward commercialization. More information is available at www.athersys.com. Follow Athersys on Twitter at www.twitter.com/athersys. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. These forward-looking statements relate to, among other things, the expected timetable for development of our product candidates, our growth strategy, and our future financial performance, including our operations, economic performance, financial condition, prospects, and other future events. We have attempted to identify forward-looking statements by using such words as anticipates, believes, can, continue, could, estimates, expects, intends, may, plans, potential, should, suggest, will, or other similar expressions. These forward-looking statements are only predictions and are largely based on our current expectations. A number of known and unknown risks, uncertainties, and other factors could affect the accuracy of these statements. Some of the more significant known risks that we face are the risks and uncertainties inherent in the process of discovering, developing, and commercializing products that are safe and effective for use as therapeutics, including the uncertainty regarding market acceptance of our product candidates and our ability to generate revenues. The following risks and uncertainties may cause our actual results, levels of activity, performance, or achievements to differ materially from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements: our ability to raise capital to fund our operations, including but not limited to, our ability to access our traditional financing sources on the same or reasonably similar terms as were available to us before the COVID-19 pandemic; the timing and nature of results from MultiStem clinical trials, including the MASTERS-2 Phase 3 clinical trial evaluating the administration of MultiStem for the treatment of ischemic stroke, and the Healios TREASURE and ONE-BRIDGE clinical trials in Japan evaluating the treatment in stroke and ARDS patients, respectively; the success of our MACOVIA clinical trial evaluating the administration of MultiStem for the treatment of COVID-19 induced ARDS, and the MATRICS-1 clinical trial being conducted with The University of Texas Health Science Center at Houston evaluating the treatment of patients with serious traumatic injuries; the impact of the COVID-19 pandemic on our ability to complete planned or ongoing clinical trials; the possibility that the COVID-19 pandemic could delay clinical site initiation, clinical trial enrollment, regulatory review and the potential receipt of regulatory approvals, payment of milestones under our license agreements and commercialization of one or more of our product candidates, if approved; the availability of product sufficient to meet commercial demand shortly following any approval, such as in the case of accelerated approval for the treatment of COVID-19 induced ARDS; the impact on our business, results of operations and financial condition from the ongoing and global COVID-19 pandemic, or any other pandemic, epidemic or outbreak of infectious disease in the United States; the possibility of delays in, adverse results of, and excessive costs of the development process; our ability to successfully initiate and complete clinical trials of our product candidates; the impact of the COVID-19 pandemic on the production capabilities of our contract manufacturing partners and our MultiStem trial supply chain; the possibility of delays, work stoppages or interruptions in manufacturing by third parties or us, such as due to material supply constraints, contamination, operational restrictions due to COVID-19 or other public health emergencies, labor constraints, regulatory issues or other factors which could negatively impact our trials and the trials of our collaborators; uncertainty regarding market acceptance of our product candidates and our ability to generate revenues, including MultiStem cell therapy for neurological, inflammatory and immune, cardiovascular and other critical care indications; changes in external market factors; changes in our industrys overall performance; changes in our business strategy; our ability to protect and defend our intellectual property and related business operations, including the successful prosecution of our patent applications and enforcement of our patent rights, and operate our business in an environment of rapid technology and intellectual property development; our possible inability to realize commercially valuable discoveries in our collaborations with pharmaceutical and other biotechnology companies; our ability to meet milestones and earn royalties under our collaboration agreements, including the success of our collaboration with Healios; our collaborators ability to continue to fulfill their obligations under the terms of our collaboration agreements and generate sales related to our technologies; the success of our efforts to enter into new strategic partnerships and advance our programs, including, without limitation, in North America, Europe and Japan; our possible inability to execute our strategy due to changes in our industry or the economy generally; changes in productivity and reliability of suppliers; the success of our competitors and the emergence of new competitors; and the risks mentioned elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2019 under Item 1A, Risk Factors and our other filings with the SEC. You should not place undue reliance on forward-looking statements contained in this press release, and we undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. Answer:

Athersys Announces Cooperation Agreement With HEALIOS K.K.

CLEVELAND--(BUSINESS WIRE)--Athersys, Inc. (NASDAQ: ATHX), a regenerative medicine company developing MultiStem cell therapy, today announced that it has entered into a cooperation agreement with HEALIOS K.K. (Healios), the Companys largest shareholder and one of its commercial partners, and Dr. Hardy TS Kagimoto, a member of the Companys Board and the Chairman and Chief Executive Officer of Healios. The cooperation agreement is intended to reaffirm the mutual commitment to collaborative development of MultiStem in Japan. Pursuant to the agreement, the parties commit to work in good faith to finalize negotiations, with a spirit of cooperation and transparency as quickly as possible, on open matters important to successful commercialization in Japan. Further, Dr. Kagimoto has also agreed to voluntarily dismiss the Section 220 litigation with prejudice that he initiated in the Court of Chancery of the State of Delaware and withdraw his Section 220 demand. The Board will also appoint Mr. Kenneth H. Traub, a former member of the Board of Athersys, as a director of the Company. This mutual agreement represents a significant positive development for Athersys, and we look forward to continuing to collaborate with Healios as a commercial partner, said Dr. Ismail Kola, Chairman of the Athersys Board. This agreement will enable both Athersys and Healios to focus on advancing our late-stage programs for MultiStem, including preparing for top line results from Healios TREASURE trial for stroke and ONE-BRIDGE trial for ARDS, which we continue to expect in this year. With the accelerated regulatory pathways in Japan, we look forward to working closely with Healios as they prepare for their rolling submission for potential approval in Japan. We remain excited about the potential for MultiStem to change the lives of millions of patients globally and will continue to work towards expanding our international network of collaborations and alliances, to advance our clinical programs and drive value for our shareholders. Dr. Kagimoto stated, I am very pleased to have reached this mutually beneficial agreement with Athersys. I would like to compliment the independent directors of the Athersys Board on their constructive approach to our recent discussions, and I am confident the todays announcements will strengthen the Company moving forward. This is a critical time for Athersys, as it is closer than ever to transitioning from its developmental stage into a growing, commercial biotech company positioned to address significant unmet patient needs. Healios continues to be fully committed to a successful partnership with Athersys, and we are focused on helping the Company realize its full potential in order to save and improve patient lives while helping to deliver value for all Athersys shareholders. In addition, Healios has agreed to customary standstill and voting commitments in connection with the cooperation agreement. Additional information about the agreement with Healios will be included in a Current Report on Form 8-K that the Company will file with the Securities and Exchange Commission. About Kenneth H. Traub Mr. Traub has a successful track record in building value as a leader and investor in numerous companies. He currently serves as Managing Partner of Delta Value Advisors, a consulting firm and Managing Partner of Delta Value Group, an investment management firm. Mr. Traub also currently serves as Chairman of the board of DSP Group, Inc. (NASDAQ: DSPG) and on the board of Tidewater, Inc. (NYSE: TDW). Mr. Traub was previously Managing Partner of Raging Capital Management, CEO of Ethos Management and CEO of American Bank Note Holographics, Inc. (NASDAQ: ABHH). Mr. Traub previously served on the board of directors of Athersys from 2012 2016 and from June 2020 October 2020. Mr. Traub also previously served on the boards of directors of Voxware, Inc., Phoenix Technologies, Inc., iPass, Inc., MIPS Technologies, Inc., Xyratex Limited, Vitesse Semiconductor Corporation, AM Castle & Co., MRV Communications, Inc., IDW Media Holdings, Immersion Corporation, Gulfmark, Inc. and Intermolecular, Inc. Mr. Traub received a BA from Emory College and an MBA from Harvard Business School. About MultiStem MultiStem cell therapy is a patented regenerative medicine product candidate in clinical development that has shown the ability to promote tissue repair and healing in a variety of ways, such as through the production of therapeutic factors in response to signals of inflammation and tissue damage. MultiStem therapys potential for multidimensional therapeutic impact may distinguish it from traditional biopharmaceutical therapies focused on a single mechanism of benefit. MultiStem represents a unique "off-the-shelf" stem cell product candidate that can be manufactured in a scalable manner, may be stored for years in frozen form, and is administered without tissue matching or the need for immune suppression. Based upon favorable outcome data, its novel mechanisms of action, and favorable and consistent tolerability data in clinical studies, we believe that MultiStem therapy may provide a meaningful benefit to patients, including those suffering from serious diseases and conditions with unmet medical need. About Athersys Athersys is a biotechnology company engaged in the discovery and development of therapeutic product candidates designed to extend and enhance the quality of human life. The Company is developing its MultiStem cell therapy product, a patented, adult-derived "off-the-shelf" stem cell product, initially for disease indications in the neurological, inflammatory and immune, cardiovascular and other critical care indications and has several ongoing clinical trials evaluating this potential regenerative medicine product. Athersys has forged strategic partnerships and a broad network of collaborations to further advance the MultiStem cell therapy toward commercialization. More information is available at www.athersys.com. Follow Athersys on Twitter at www.twitter.com/athersys. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. These forward-looking statements relate to, among other things, the expected timetable for development of our product candidates, our growth strategy, and our future financial performance, including our operations, economic performance, financial condition, prospects, and other future events. We have attempted to identify forward-looking statements by using such words as anticipates, believes, can, continue, could, estimates, expects, intends, may, plans, potential, should, suggest, will, or other similar expressions. These forward-looking statements are only predictions and are largely based on our current expectations. A number of known and unknown risks, uncertainties, and other factors could affect the accuracy of these statements. Some of the more significant known risks that we face are the risks and uncertainties inherent in the process of discovering, developing, and commercializing products that are safe and effective for use as therapeutics, including the uncertainty regarding market acceptance of our product candidates and our ability to generate revenues. The following risks and uncertainties may cause our actual results, levels of activity, performance, or achievements to differ materially from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements: our ability to raise capital to fund our operations, including but not limited to, our ability to access our traditional financing sources on the same or reasonably similar terms as were available to us before the COVID-19 pandemic; the timing and nature of results from MultiStem clinical trials, including the MASTERS-2 Phase 3 clinical trial evaluating the administration of MultiStem for the treatment of ischemic stroke, and the Healios TREASURE and ONE-BRIDGE clinical trials in Japan evaluating the treatment in stroke and ARDS patients, respectively; the success of our MACOVIA clinical trial evaluating the administration of MultiStem for the treatment of COVID-19 induced ARDS, and the MATRICS-1 clinical trial being conducted with The University of Texas Health Science Center at Houston evaluating the treatment of patients with serious traumatic injuries; the impact of the COVID-19 pandemic on our ability to complete planned or ongoing clinical trials; the possibility that the COVID-19 pandemic could delay clinical site initiation, clinical trial enrollment, regulatory review and the potential receipt of regulatory approvals, payment of milestones under our license agreements and commercialization of one or more of our product candidates, if approved; the availability of product sufficient to meet commercial demand shortly following any approval, such as in the case of accelerated approval for the treatment of COVID-19 induced ARDS; the impact on our business, results of operations and financial condition from the ongoing and global COVID-19 pandemic, or any other pandemic, epidemic or outbreak of infectious disease in the United States; the possibility of delays in, adverse results of, and excessive costs of the development process; our ability to successfully initiate and complete clinical trials of our product candidates; the impact of the COVID-19 pandemic on the production capabilities of our contract manufacturing partners and our MultiStem trial supply chain; the possibility of delays, work stoppages or interruptions in manufacturing by third parties or us, such as due to material supply constraints, contamination, operational restrictions due to COVID-19 or other public health emergencies, labor constraints, regulatory issues or other factors which could negatively impact our trials and the trials of our collaborators; uncertainty regarding market acceptance of our product candidates and our ability to generate revenues, including MultiStem cell therapy for neurological, inflammatory and immune, cardiovascular and other critical care indications; changes in external market factors; changes in our industrys overall performance; changes in our business strategy; our ability to protect and defend our intellectual property and related business operations, including the successful prosecution of our patent applications and enforcement of our patent rights, and operate our business in an environment of rapid technology and intellectual property development; our possible inability to realize commercially valuable discoveries in our collaborations with pharmaceutical and other biotechnology companies; our ability to meet milestones and earn royalties under our collaboration agreements, including the success of our collaboration with Healios; our collaborators ability to continue to fulfill their obligations under the terms of our collaboration agreements and generate sales related to our technologies; the success of our efforts to enter into new strategic partnerships and advance our programs, including, without limitation, in North America, Europe and Japan; our possible inability to execute our strategy due to changes in our industry or the economy generally; changes in productivity and reliability of suppliers; the success of our competitors and the emergence of new competitors; and the risks mentioned elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2019 under Item 1A, Risk Factors and our other filings with the SEC. You should not place undue reliance on forward-looking statements contained in this press release, and we undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.

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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: ROCKWALL, Texas, March 4, 2021 /PRNewswire/ --Rayburn Country Electric Cooperative, Inc. (Rayburn), a not-for profit rural electric generation and transmission cooperative that provides the wholesale power requirements for four rural electric distribution cooperatives in Northeast Texas, today announced it has filed a petition with the Public Utility Commission of Texas (Commission) to order the Electric Reliability Council of Texas (ERCOT) to protect 225,000 Texas consumers by suspending invoicing, billing and collection of charges related to February's massive energy market failure. This announcement follows the letter from the ERCOT Independent Market Monitor stating that ERCOT erroneously overcharged market participants by $16 billion. During the February Storm, Rayburn and its four Members provided service with minimal operational disruption to 225,000 customers, 90% of whom are residential. The unprecedented cold weather saw electric energy demand surge and Rayburn relied on ERCOT to supply a portion of the energy for its members and their consumers, however the charges invoiced by ERCOT stand to cause Texans financial devastation, with sky-high bills from the basic failure of the energy markets. "Rayburn, like many energy market participants, has been engaging with ERCOT in an effort to prevent significant financial harm on Rayburn, its Members, and their consumers," said David Naylor, President and CEO of Rayburn. "Now, based on the Independent Market Monitor's letter, we can see that ERCOT may have overcharged market participants by $16 billion. Unless ERCOT works with Rayburn and others market participants, millions of Texans will suffer and hundreds of Texas businesses could fail. The PUCT and ERCOT have the power to stop this failure. We need to work together to find fair, reasonable, and achievable solutions." The Petition requests that the Commission order ERCOT to deviate from the Protocols and Market Guides and to direct ERCOT (i) to refrain from sending any additional invoices or settlement statements for electric energy or collateral calls, (ii) to issue a formal forbearance notice and suspend the obligation to pay or settle any such invoices that have been or are subsequently delivered, (iii) to refrain from sending any notice of breach or default for failure to pay such invoices or settlement statements, and (iv) to refrain from terminating any agreement with ERCOT, for or relating to power purchases and sales during the period of February 14, 2021 through and including February 19, 2021, until the Texas executive and legislative branches have time to investigate, address and resolve the issues related to the February Storm and the resulting financial crisis in the ERCOT market on a statewide basis across the entire energy industry. About Rayburn Rayburn is a Texas-based not-for-profit generation and transmission electric cooperative that provides wholesale electric energy and transmission services to its four electric distribution cooperative members, which are located in Northeast Texas and serves power to approximately 225,000 consumers. FOR FURTHER INFORMATION PLEASE CONTACT: David NaylorChief Executive Officer & PresidentRayburn Country Electric Cooperative, Inc.[emailprotected] SOURCE Rayburn Electric Cooperative Answer:

Rayburn Country Electric Cooperative Files Petition with the Public Utility Commission of Texas to Take Definitive Steps to Protect 225,000 Texans from Excessive Costs ERCOT Independent Market Monitor letter states that ERCOT erroneously overcharged its market participants by $16 billion and recommended charges be reversed

ROCKWALL, Texas, March 4, 2021 /PRNewswire/ --Rayburn Country Electric Cooperative, Inc. (Rayburn), a not-for profit rural electric generation and transmission cooperative that provides the wholesale power requirements for four rural electric distribution cooperatives in Northeast Texas, today announced it has filed a petition with the Public Utility Commission of Texas (Commission) to order the Electric Reliability Council of Texas (ERCOT) to protect 225,000 Texas consumers by suspending invoicing, billing and collection of charges related to February's massive energy market failure. This announcement follows the letter from the ERCOT Independent Market Monitor stating that ERCOT erroneously overcharged market participants by $16 billion. During the February Storm, Rayburn and its four Members provided service with minimal operational disruption to 225,000 customers, 90% of whom are residential. The unprecedented cold weather saw electric energy demand surge and Rayburn relied on ERCOT to supply a portion of the energy for its members and their consumers, however the charges invoiced by ERCOT stand to cause Texans financial devastation, with sky-high bills from the basic failure of the energy markets. "Rayburn, like many energy market participants, has been engaging with ERCOT in an effort to prevent significant financial harm on Rayburn, its Members, and their consumers," said David Naylor, President and CEO of Rayburn. "Now, based on the Independent Market Monitor's letter, we can see that ERCOT may have overcharged market participants by $16 billion. Unless ERCOT works with Rayburn and others market participants, millions of Texans will suffer and hundreds of Texas businesses could fail. The PUCT and ERCOT have the power to stop this failure. We need to work together to find fair, reasonable, and achievable solutions." The Petition requests that the Commission order ERCOT to deviate from the Protocols and Market Guides and to direct ERCOT (i) to refrain from sending any additional invoices or settlement statements for electric energy or collateral calls, (ii) to issue a formal forbearance notice and suspend the obligation to pay or settle any such invoices that have been or are subsequently delivered, (iii) to refrain from sending any notice of breach or default for failure to pay such invoices or settlement statements, and (iv) to refrain from terminating any agreement with ERCOT, for or relating to power purchases and sales during the period of February 14, 2021 through and including February 19, 2021, until the Texas executive and legislative branches have time to investigate, address and resolve the issues related to the February Storm and the resulting financial crisis in the ERCOT market on a statewide basis across the entire energy industry. About Rayburn Rayburn is a Texas-based not-for-profit generation and transmission electric cooperative that provides wholesale electric energy and transmission services to its four electric distribution cooperative members, which are located in Northeast Texas and serves power to approximately 225,000 consumers. FOR FURTHER INFORMATION PLEASE CONTACT: David NaylorChief Executive Officer & PresidentRayburn Country Electric Cooperative, Inc.[emailprotected] SOURCE Rayburn Electric Cooperative

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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 DIMAS, Calif.--(BUSINESS WIRE)--American States Water Company (NYSE:AWR) announced today that the company intends to release its fourth quarter and year ended December 31, 2020 financial results after the market closes on Monday, February 22, 2021. Robert Sprowls, president and chief executive officer, and Eva Tang, senior vice president and chief financial officer, will host a conference call to discuss these results at 2:00 p.m. Eastern Time (11:00 a.m. Pacific Time) on Tuesday, February 23. There will be a question and answer session as part of the call. Interested parties can listen to the live conference call and view accompanying slides on the internet at www.aswater.com. The call will be archived on the website and available for replay beginning February 23, 2021 at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) through March 2, 2021. About American States Water Company American States Water Company is the parent of Golden State Water Company, Bear Valley Electric Service, Inc. and American States Utility Services, Inc., serving over one million people in nine states. Through its water utility subsidiary, Golden State Water Company, the company provides water service to approximately 261,500 customer connections located within more than 80 communities in Northern, Coastal and Southern California. Through its electric utility subsidiary, Bear Valley Electric Service, Inc., the company distributes electricity to approximately 24,500 customer connections in the City of Big Bear Lake and surrounding areas in San Bernardino County, California. Through its contracted services subsidiary, American States Utility Services, Inc., the company provides operations, maintenance and construction management services for water distribution and wastewater collection and treatment facilities located on eleven military bases throughout the country under 50-year privatization contracts with the U.S. government. American States Water Company has paid dividends to shareholders every year since 1931, increasing the dividends received by shareholders each calendar year for 66 consecutive years, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result. Answer:

American States Water Company to Report Fourth Quarter and Full Year 2020 Results

SAN DIMAS, Calif.--(BUSINESS WIRE)--American States Water Company (NYSE:AWR) announced today that the company intends to release its fourth quarter and year ended December 31, 2020 financial results after the market closes on Monday, February 22, 2021. Robert Sprowls, president and chief executive officer, and Eva Tang, senior vice president and chief financial officer, will host a conference call to discuss these results at 2:00 p.m. Eastern Time (11:00 a.m. Pacific Time) on Tuesday, February 23. There will be a question and answer session as part of the call. Interested parties can listen to the live conference call and view accompanying slides on the internet at www.aswater.com. The call will be archived on the website and available for replay beginning February 23, 2021 at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) through March 2, 2021. About American States Water Company American States Water Company is the parent of Golden State Water Company, Bear Valley Electric Service, Inc. and American States Utility Services, Inc., serving over one million people in nine states. Through its water utility subsidiary, Golden State Water Company, the company provides water service to approximately 261,500 customer connections located within more than 80 communities in Northern, Coastal and Southern California. Through its electric utility subsidiary, Bear Valley Electric Service, Inc., the company distributes electricity to approximately 24,500 customer connections in the City of Big Bear Lake and surrounding areas in San Bernardino County, California. Through its contracted services subsidiary, American States Utility Services, Inc., the company provides operations, maintenance and construction management services for water distribution and wastewater collection and treatment facilities located on eleven military bases throughout the country under 50-year privatization contracts with the U.S. government. American States Water Company has paid dividends to shareholders every year since 1931, increasing the dividends received by shareholders each calendar year for 66 consecutive years, which places it in an exclusive group of companies on the New York Stock Exchange that have achieved that result.

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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: STOCKHOLM, Dec. 31, 2020 /PRNewswire/ -- Eurocine Vaccines AB ("Eurocine Vaccines" or the "Company") has today selected Biovian Oy, Turku, Finland, ("Biovian") as the contract developer for the Company's vaccine candidate against chlamydia. Biovian, which is an internationally recognized contract developer and manufacturer with its own GMP facility, will develop an industrial manufacturing method as well as manufacture study products for Eurocine Vaccines' future studies, such as toxicological and clinical studies. The collaboration for the development of a manufacturing method and preparations to produce the first batches will begin directly in the new year 2021 under the agreement signed today and includes activities at a total cost of appr. SEK 9.5 million (EUR 0.94 million). The costs fall within the Company's budget for the chlamydia project. The work is within one of the prioritized areas that constitute Eurocine Vaccines' key competencies. The collaboration signed today with Biovian covers activities initially lasting until November 2021. The mutual intention is to continue the collaboration until the project is completed. CEO Hans Arwidsson comments "Both we and Biovian are looking forward to the collaboration and the mutual knowledge transfer within biological pharmaceutical production, which is a highly intense area in the development of new pharmaceuticals. The selection of Biovian means that we can conduct our activities with continuity, since they also have their own GMP facility for the manufacture of products for clinical studies." This information is such information that Eurocine Vaccines AB (publ) is obliged to publish in accordance with the EU Market Abuse Regulation. The information was submitted, through the agency of the contact person set out above, for publication on 30 December 2020. CONTACT: Hans Arwidsson, Ph.D., MBACEO of Eurocine Vaccines AB [emailprotected]+46 70 634 0171 This information was brought to you by Cision http://news.cision.com https://news.cision.com/eurocine-vaccines/r/eurocine-vaccines-has-selected-biovian-as-contract-developer-for-the-chlamydia-vaccine-candidate,c3263137 The following files are available for download: https://mb.cision.com/Main/11552/3263137/1355297.pdf Eurocine Vaccines has selected Biovian as contract developer for the chlamydia vaccine candidate SOURCE Eurocine Vaccines Answer:

Eurocine Vaccines has selected Biovian as contract developer for the chlamydia vaccine candidate

STOCKHOLM, Dec. 31, 2020 /PRNewswire/ -- Eurocine Vaccines AB ("Eurocine Vaccines" or the "Company") has today selected Biovian Oy, Turku, Finland, ("Biovian") as the contract developer for the Company's vaccine candidate against chlamydia. Biovian, which is an internationally recognized contract developer and manufacturer with its own GMP facility, will develop an industrial manufacturing method as well as manufacture study products for Eurocine Vaccines' future studies, such as toxicological and clinical studies. The collaboration for the development of a manufacturing method and preparations to produce the first batches will begin directly in the new year 2021 under the agreement signed today and includes activities at a total cost of appr. SEK 9.5 million (EUR 0.94 million). The costs fall within the Company's budget for the chlamydia project. The work is within one of the prioritized areas that constitute Eurocine Vaccines' key competencies. The collaboration signed today with Biovian covers activities initially lasting until November 2021. The mutual intention is to continue the collaboration until the project is completed. CEO Hans Arwidsson comments "Both we and Biovian are looking forward to the collaboration and the mutual knowledge transfer within biological pharmaceutical production, which is a highly intense area in the development of new pharmaceuticals. The selection of Biovian means that we can conduct our activities with continuity, since they also have their own GMP facility for the manufacture of products for clinical studies." This information is such information that Eurocine Vaccines AB (publ) is obliged to publish in accordance with the EU Market Abuse Regulation. The information was submitted, through the agency of the contact person set out above, for publication on 30 December 2020. CONTACT: Hans Arwidsson, Ph.D., MBACEO of Eurocine Vaccines AB [emailprotected]+46 70 634 0171 This information was brought to you by Cision http://news.cision.com https://news.cision.com/eurocine-vaccines/r/eurocine-vaccines-has-selected-biovian-as-contract-developer-for-the-chlamydia-vaccine-candidate,c3263137 The following files are available for download: https://mb.cision.com/Main/11552/3263137/1355297.pdf Eurocine Vaccines has selected Biovian as contract developer for the chlamydia vaccine candidate SOURCE Eurocine Vaccines

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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) will report financial results for the fourth quarter and full year ended December 31, 2020 after the market closes on Tuesday, February 16, 2021. AIGs press release and financial supplement will be available in the Investors section of AIGs website at https://www.aig.com. AIG will also host a conference call on Wednesday, February 17, 2020 at 8:30 a.m. ET to review these results. The live, listen-only webcast is open to the public and can be accessed in the Investors section of https://www.aig.com. A replay will be available after the call at the same location. As previously disclosed, this financial reporting will reflect a modified presentation of segment results. A financial supplement providing revised historical segment results for 2018 through the third quarter of 2020 and Form 8-K are available in the Investors section of AIGs website at https://www.aig.com. American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange. Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance www.twitter.com/AIGinsurance | LinkedIn: www.linkedin.com/company/aig. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds. Answer:

AIG to Report Fourth Quarter and Full Year 2020 Results on February 16, 2021 and Host Conference Call on February 17

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) will report financial results for the fourth quarter and full year ended December 31, 2020 after the market closes on Tuesday, February 16, 2021. AIGs press release and financial supplement will be available in the Investors section of AIGs website at https://www.aig.com. AIG will also host a conference call on Wednesday, February 17, 2020 at 8:30 a.m. ET to review these results. The live, listen-only webcast is open to the public and can be accessed in the Investors section of https://www.aig.com. A replay will be available after the call at the same location. As previously disclosed, this financial reporting will reflect a modified presentation of segment results. A financial supplement providing revised historical segment results for 2018 through the third quarter of 2020 and Form 8-K are available in the Investors section of AIGs website at https://www.aig.com. American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange. Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance www.twitter.com/AIGinsurance | LinkedIn: www.linkedin.com/company/aig. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

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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 "Low Back Pain - Pipeline Review, H2 2020" drug pipelines has been added to ResearchAndMarkets.com's offering. Low Back Pain - Pipeline Review, H2 2020, provides comprehensive information on the therapeutics under development for Low Back Pain (Central Nervous System), complete with analysis by stage of development, drug target, mechanism of action (MoA), route of administration (RoA) and molecule type. The guide covers the descriptive pharmacological action of the therapeutics, its complete research and development history and latest news and press releases. The Low Back Pain (Central Nervous System) pipeline guide also reviews of key players involved in therapeutic development for Low Back Pain and features dormant and discontinued projects. The guide covers therapeutics under Development by Companies /Universities /Institutes, the molecules developed by Companies in Phase III, Phase II, Phase I, Preclinical, Discovery and Unknown stages are 7, 12, 9, 3, 2 and 2 respectively. Similarly, the Universities portfolio in Discovery stages comprises 1 molecules, respectively. Low Back Pain (Central Nervous System) pipeline guide helps in identifying and tracking emerging players in the market and their portfolios, enhances decision making capabilities and helps to create effective counter strategies to gain competitive advantage. Scope Key Topics Covered: Companies Mentioned For more information about this drug pipelines report visit https://www.researchandmarkets.com/r/t1zwwe Answer:

Global Low Back Pain Pipeline Review, H2 2020 Featuring 33 Key Companies - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Low Back Pain - Pipeline Review, H2 2020" drug pipelines has been added to ResearchAndMarkets.com's offering. Low Back Pain - Pipeline Review, H2 2020, provides comprehensive information on the therapeutics under development for Low Back Pain (Central Nervous System), complete with analysis by stage of development, drug target, mechanism of action (MoA), route of administration (RoA) and molecule type. The guide covers the descriptive pharmacological action of the therapeutics, its complete research and development history and latest news and press releases. The Low Back Pain (Central Nervous System) pipeline guide also reviews of key players involved in therapeutic development for Low Back Pain and features dormant and discontinued projects. The guide covers therapeutics under Development by Companies /Universities /Institutes, the molecules developed by Companies in Phase III, Phase II, Phase I, Preclinical, Discovery and Unknown stages are 7, 12, 9, 3, 2 and 2 respectively. Similarly, the Universities portfolio in Discovery stages comprises 1 molecules, respectively. Low Back Pain (Central Nervous System) pipeline guide helps in identifying and tracking emerging players in the market and their portfolios, enhances decision making capabilities and helps to create effective counter strategies to gain competitive advantage. Scope Key Topics Covered: Companies Mentioned For more information about this drug pipelines report visit https://www.researchandmarkets.com/r/t1zwwe

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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, June 16, 2020 /PRNewswire/ -- Ingenico Group, the global leader in seamless payments, today announced that Damian Tanenbaum has been appointed as head of customer delivery and chief operating officer (COO) for North America. He brings 25+ years of operations leadership experience and has a track record of delivering world-class support within the payments industry. This appointment will help the company continue to deliver on its commitment to providing its industry partners and merchant customers in a variety of vertical markets, including retail, grocery, food & beverage, hotel & lodging and healthcare, among others with the ability to drive better customer experiences. "To expand Ingenico Group's position as a technology leader in the payments industry, continuing to evolve our software and hardware solutions, as well as our services and support offerings, is paramount to helping our partners and customers stay ahead of consumer expectations,"said Peter Stewart, EVP of North America for Ingenico Group. "As we look to deliver this commitment, Damian Tanenbaum's wealth of payment industry experience and operational excellence will be critical in how we serve our customers moving forward." Prior to joining Ingenico Group, Tanenbaum most recently served as SVP of operations for TSYS and Global Payments Inc. (formerly Cayan), where he led customer experience, quality, back office, deployment, process improvement, learning and the contact centers. He was integral in the development of Cayan's gateway infrastructure that enabled it to quickly adapt and grow with customer needs. Tanenbaum has also held operations leadership roles at Pivotal Payments and Fifth Third Processing Solutions. With this experience, Tanenbaum comes to Ingenico with a track record of developing realistic, data-driven strategies to improve measurable efficiencies with complex, global organizations. "I'm excited to have joined the Ingenico North America team and look forward to collaborating with the team to drive operational excellence,"said Tanenbaum. "As a long-standing member of the payments industry, I've always admired the solutions, services and support provided by the company and have high expectations on how we can deliver even more scalable, reliable, customer-centric and innovative solutions." About Ingenico Group Ingenico Group (Euronext: FR0000125346 ING) is shaping the future of payments for sustainable and inclusive growth. As a global leader in seamless payments, we provide merchants with smart, trusted and secure solutions to empower commerce across all channels and enable simplification of payments and deliver customer promises. We are the trusted and proactive world-class partner for financial institutions and retailers, from small merchants to the world's best-known global brands. We have a global footprint with more than 8,000 employees, 90 nationalities and a commercial presence in 170 countries. Our international community of payment experts anticipates the evolutions of commerce and consumer lifestyles to provide our clients with leading-edge complete solutions wherever they are needed. www.ingenico.com @ingenico For more experts' views, visit our blog. North America Media Contact Mike Nourie Senior Communications Manager (T): 770-298-1945 Email: [emailprotected] Contacts / Ingenico Group Corporate Media Relations Hlne Carlander (T): +33 (0)7 72 25 96 04 [emailprotected] Investors Relations Laurent Marie (T): +33 (0)1 58 01 83 24 [emailprotected] SOURCE Ingenico Group Related Links https://www.ingenico.us Answer:

Ingenico North America Reenforces Commitment to Customer Delivery Damian Tanenbaum named head of customer delivery and chief operating officer for Ingenico Group North America

ATLANTA, June 16, 2020 /PRNewswire/ -- Ingenico Group, the global leader in seamless payments, today announced that Damian Tanenbaum has been appointed as head of customer delivery and chief operating officer (COO) for North America. He brings 25+ years of operations leadership experience and has a track record of delivering world-class support within the payments industry. This appointment will help the company continue to deliver on its commitment to providing its industry partners and merchant customers in a variety of vertical markets, including retail, grocery, food & beverage, hotel & lodging and healthcare, among others with the ability to drive better customer experiences. "To expand Ingenico Group's position as a technology leader in the payments industry, continuing to evolve our software and hardware solutions, as well as our services and support offerings, is paramount to helping our partners and customers stay ahead of consumer expectations,"said Peter Stewart, EVP of North America for Ingenico Group. "As we look to deliver this commitment, Damian Tanenbaum's wealth of payment industry experience and operational excellence will be critical in how we serve our customers moving forward." Prior to joining Ingenico Group, Tanenbaum most recently served as SVP of operations for TSYS and Global Payments Inc. (formerly Cayan), where he led customer experience, quality, back office, deployment, process improvement, learning and the contact centers. He was integral in the development of Cayan's gateway infrastructure that enabled it to quickly adapt and grow with customer needs. Tanenbaum has also held operations leadership roles at Pivotal Payments and Fifth Third Processing Solutions. With this experience, Tanenbaum comes to Ingenico with a track record of developing realistic, data-driven strategies to improve measurable efficiencies with complex, global organizations. "I'm excited to have joined the Ingenico North America team and look forward to collaborating with the team to drive operational excellence,"said Tanenbaum. "As a long-standing member of the payments industry, I've always admired the solutions, services and support provided by the company and have high expectations on how we can deliver even more scalable, reliable, customer-centric and innovative solutions." About Ingenico Group Ingenico Group (Euronext: FR0000125346 ING) is shaping the future of payments for sustainable and inclusive growth. As a global leader in seamless payments, we provide merchants with smart, trusted and secure solutions to empower commerce across all channels and enable simplification of payments and deliver customer promises. We are the trusted and proactive world-class partner for financial institutions and retailers, from small merchants to the world's best-known global brands. We have a global footprint with more than 8,000 employees, 90 nationalities and a commercial presence in 170 countries. Our international community of payment experts anticipates the evolutions of commerce and consumer lifestyles to provide our clients with leading-edge complete solutions wherever they are needed. www.ingenico.com @ingenico For more experts' views, visit our blog. North America Media Contact Mike Nourie Senior Communications Manager (T): 770-298-1945 Email: [emailprotected] Contacts / Ingenico Group Corporate Media Relations Hlne Carlander (T): +33 (0)7 72 25 96 04 [emailprotected] Investors Relations Laurent Marie (T): +33 (0)1 58 01 83 24 [emailprotected] SOURCE Ingenico Group Related Links https://www.ingenico.us

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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: LILBURN, Ga., May 7, 2020 /PRNewswire/ -- Potamkin Hyundai Stone Mountain remains open and continues to diligently serve Georgia customers. Formerly Malcolm Cunningham Hyundai, Potamkin Hyundai Stone Mountain is part of the Potamkin Automotive Group, the largest Hyundai dealership group in the nation, with 11 locations nationwide and more than 2,500 new Hyundai cars and SUVs on its lots. Potamkin Automotive Groupwas founded in 1947 by legendary entrepreneur Victor Potamkin, and quickly became one of the largest auto groups in the nation, known for deep discounting and superior customer service. Now Georgia car buyers can experience the "Potamkin Your Way" difference, including: A convenient shop at home service, bringing the vehicle to you for discovery and a test drive. Used vehicle evaluation and appraisal right at your home or office. Online completion of the entire transaction, with price and payment quotes, complimentary delivery and document signing at your home or office. Valet pick-up and delivery from our Service Center through Red Cap a division of Lyft. With 17,500 square feet of showroom and service space on more than five acres, Potamkin Hyundai Stone Mountain has 11 service bays in our service department and close to 40 employees in our sales, service and finance departments. Potamkin Hyundai Stone Mountain is home to the largest selection of Certified Pre-owned Hyundais in Georgia. "We are here and ready to serve Georgia residents with a sales and service experience that is safe, secure, and second to none," said Kevin Kolb, General Manager of Potamkin Hyundai Stone Mountain. Potamkin Hyundai Stone Mountain'sService Center is open Monday to Friday from 7:30 a.m. to 6:30 p.m., and Saturday from 7:30 a.m. to 5 p.m., with no appointment necessary for oil and filter changes. All of our Hyundai technicians are factory trained, with three Master technicians and a full express team to get you in and out fast. Potamkin Hyundai Stone Mountainoffers extremely competitive pricingif you find a competitor's maintenance service for less, just bring in the current coupon or advertisement and Potamkin will match the price. Contact: PRCG|HaggertyJim Rocco[emailprotected](212) 683-8100 Christian Koenig[emailprotected](404) 330-7710 SOURCE Potamkin Hyundai Stone Mountain Answer:

Potamkin Hyundai Stone Mountain Is Open, Offering Digital, Telephone and Showroom Sales With Safety and Health as our Top Priority

LILBURN, Ga., May 7, 2020 /PRNewswire/ -- Potamkin Hyundai Stone Mountain remains open and continues to diligently serve Georgia customers. Formerly Malcolm Cunningham Hyundai, Potamkin Hyundai Stone Mountain is part of the Potamkin Automotive Group, the largest Hyundai dealership group in the nation, with 11 locations nationwide and more than 2,500 new Hyundai cars and SUVs on its lots. Potamkin Automotive Groupwas founded in 1947 by legendary entrepreneur Victor Potamkin, and quickly became one of the largest auto groups in the nation, known for deep discounting and superior customer service. Now Georgia car buyers can experience the "Potamkin Your Way" difference, including: A convenient shop at home service, bringing the vehicle to you for discovery and a test drive. Used vehicle evaluation and appraisal right at your home or office. Online completion of the entire transaction, with price and payment quotes, complimentary delivery and document signing at your home or office. Valet pick-up and delivery from our Service Center through Red Cap a division of Lyft. With 17,500 square feet of showroom and service space on more than five acres, Potamkin Hyundai Stone Mountain has 11 service bays in our service department and close to 40 employees in our sales, service and finance departments. Potamkin Hyundai Stone Mountain is home to the largest selection of Certified Pre-owned Hyundais in Georgia. "We are here and ready to serve Georgia residents with a sales and service experience that is safe, secure, and second to none," said Kevin Kolb, General Manager of Potamkin Hyundai Stone Mountain. Potamkin Hyundai Stone Mountain'sService Center is open Monday to Friday from 7:30 a.m. to 6:30 p.m., and Saturday from 7:30 a.m. to 5 p.m., with no appointment necessary for oil and filter changes. All of our Hyundai technicians are factory trained, with three Master technicians and a full express team to get you in and out fast. Potamkin Hyundai Stone Mountainoffers extremely competitive pricingif you find a competitor's maintenance service for less, just bring in the current coupon or advertisement and Potamkin will match the price. Contact: PRCG|HaggertyJim Rocco[emailprotected](212) 683-8100 Christian Koenig[emailprotected](404) 330-7710 SOURCE Potamkin Hyundai Stone Mountain

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You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: NASHVILLE, Tenn., March 2, 2021 /PRNewswire/ -- VOCALIST'S 8TH ALBUM, A TRIBUTE TO BILLIE HOLIDAY'S LADY IN SATIN, FEATURING ARRANGEMENTS BY JAZZ LEGEND SAMMY NESTICO AVAILABLE MAY 7, 2021 (PRNewsfoto/Melody Place / BMG) ADVANCE TRACK "FOR ALL WE KNOW"AVAILABLE NOW Celebrated torch singer Mandy Barnett, critically lauded as one of the most talented vocalists in contemporary music and often referred to as "the Judy Garland of our time," is set to release her 8th studio album, Every Star Above, on May 7, 2021. Barnett makes her grand entrance into the world of The Great American Songbook in celebration of one of the most influential albums in history, Lady in Satin, by one of the most iconic artists of all time, Billie Holiday. Recorded with a 60-piece orchestra, Every Star Above delivers lush and sparkling selections from Holiday's personally curated 1958 "Satin" track list, as interpreted by Barnett and legendary jazz maestro and arranger Sammy Nestico (Count Basie, Frank Sinatra, Sarah Vaughan, Michael Bubl, Barbra Streisand), whose recent passing at age 96 distinguishes the album as his final work."Billie Holiday is among the artists I was introduced to as a young girl.And in my earlytwenties, Lady in Satin deeply affected me; it inspired me to become a torch singer," said Barnett. "Holiday was a fearless trailblazer whose unique vocalsand phrasing on the albumdrip with the weight of her experiences, like she's lived the lyrics and felt the joys, the hardships, the love, and the loss - allof the ups-and-downs of life that great songs and great singers convey.Holiday revealed her heart and soul every time she sang, and she inspired me to do exactly that throughout my career."Says Melody Place President, Fred Mollin, "Having the opportunity to make this album is a dream come true. Mandy was the perfect singer to take this on. Sammy was the perfect arranger to make it beyond the dream."Recorded in the fall of 2019, Every Star Above was produced by Mollin (Johnny Mathis, Kris Kristofferson, Jimmy Webb) and engineered by Bill Schnee (Natalie Cole, Whitney Houston, Streisand).Featuring classics such as "For All We Know," "The End of a Love Affair," "I'm a Fool to Want You," and "But Beautiful," all originally recorded by such icons as Sinatra, Margaret Whiting, and Dinah Washington, Every Star Above showcases the true range and depth of Barnett's sultry, silky voice. She delves into the songs with a keen interpretive sense, striking their emotional cores and rendering powerhouse performances through what the Los Angeles Times calls her "pipes of steel." "For All We Know" and album pre-order are available now on Spotify, Apple Music, Amazon, and wherever music is sold / streamed. Every Star AboveTrack List But Beautiful Glad To Be Unhappy For Heaven's Sake I Get Along Without You Very Well It's Easy To Remember The End Of A Love Affair You Don't Know What Love Is I'm A Fool To Want You You've Changed For All We Know About Mandy BarnettCalled the "Nashville Sound Chanteuse" (Music Row) and "the Judy Garland of our time" (American Songwriter), Mandy Barnett has built a reputation for her commanding voice and unwavering devotion to classic country, R&B, and popular standards. Well known for originating the title role in one of the first "jukebox" musicals, "Always Patsy Cline" at the legendary Ryman Auditorium, Barnett has enchanted listeners around the globe with her world-class vocals and musical chameleon qualities. A Tennessee Music Pathways historical marker in Barnett's Tennessee hometown honors her contributions in making Tennessee the "Soundtrack of America." Barnett's music has been featured on motion picture and television soundtracks and compilation albums including the forthcoming Gershwin collection from Great American Songbook Ambassador, Michael Feinstein. A frequent Grand Ole Opry guest, Barnetthas performed at some of the most esteemed music venues in the U.S. and internationally. For more information visit: www.melodyplacemusic.com www.mandybarnett.comSOURCE Melody Place / BMG Related Links http://www.melodyplacemusic.com Answer:

Mandy Barnett, World Renowned And Celebrated Torch Singer, And Melody Place / BMG Set Release Of Every Star Above

NASHVILLE, Tenn., March 2, 2021 /PRNewswire/ -- VOCALIST'S 8TH ALBUM, A TRIBUTE TO BILLIE HOLIDAY'S LADY IN SATIN, FEATURING ARRANGEMENTS BY JAZZ LEGEND SAMMY NESTICO AVAILABLE MAY 7, 2021 (PRNewsfoto/Melody Place / BMG) ADVANCE TRACK "FOR ALL WE KNOW"AVAILABLE NOW Celebrated torch singer Mandy Barnett, critically lauded as one of the most talented vocalists in contemporary music and often referred to as "the Judy Garland of our time," is set to release her 8th studio album, Every Star Above, on May 7, 2021. Barnett makes her grand entrance into the world of The Great American Songbook in celebration of one of the most influential albums in history, Lady in Satin, by one of the most iconic artists of all time, Billie Holiday. Recorded with a 60-piece orchestra, Every Star Above delivers lush and sparkling selections from Holiday's personally curated 1958 "Satin" track list, as interpreted by Barnett and legendary jazz maestro and arranger Sammy Nestico (Count Basie, Frank Sinatra, Sarah Vaughan, Michael Bubl, Barbra Streisand), whose recent passing at age 96 distinguishes the album as his final work."Billie Holiday is among the artists I was introduced to as a young girl.And in my earlytwenties, Lady in Satin deeply affected me; it inspired me to become a torch singer," said Barnett. "Holiday was a fearless trailblazer whose unique vocalsand phrasing on the albumdrip with the weight of her experiences, like she's lived the lyrics and felt the joys, the hardships, the love, and the loss - allof the ups-and-downs of life that great songs and great singers convey.Holiday revealed her heart and soul every time she sang, and she inspired me to do exactly that throughout my career."Says Melody Place President, Fred Mollin, "Having the opportunity to make this album is a dream come true. Mandy was the perfect singer to take this on. Sammy was the perfect arranger to make it beyond the dream."Recorded in the fall of 2019, Every Star Above was produced by Mollin (Johnny Mathis, Kris Kristofferson, Jimmy Webb) and engineered by Bill Schnee (Natalie Cole, Whitney Houston, Streisand).Featuring classics such as "For All We Know," "The End of a Love Affair," "I'm a Fool to Want You," and "But Beautiful," all originally recorded by such icons as Sinatra, Margaret Whiting, and Dinah Washington, Every Star Above showcases the true range and depth of Barnett's sultry, silky voice. She delves into the songs with a keen interpretive sense, striking their emotional cores and rendering powerhouse performances through what the Los Angeles Times calls her "pipes of steel." "For All We Know" and album pre-order are available now on Spotify, Apple Music, Amazon, and wherever music is sold / streamed. Every Star AboveTrack List But Beautiful Glad To Be Unhappy For Heaven's Sake I Get Along Without You Very Well It's Easy To Remember The End Of A Love Affair You Don't Know What Love Is I'm A Fool To Want You You've Changed For All We Know About Mandy BarnettCalled the "Nashville Sound Chanteuse" (Music Row) and "the Judy Garland of our time" (American Songwriter), Mandy Barnett has built a reputation for her commanding voice and unwavering devotion to classic country, R&B, and popular standards. Well known for originating the title role in one of the first "jukebox" musicals, "Always Patsy Cline" at the legendary Ryman Auditorium, Barnett has enchanted listeners around the globe with her world-class vocals and musical chameleon qualities. A Tennessee Music Pathways historical marker in Barnett's Tennessee hometown honors her contributions in making Tennessee the "Soundtrack of America." Barnett's music has been featured on motion picture and television soundtracks and compilation albums including the forthcoming Gershwin collection from Great American Songbook Ambassador, Michael Feinstein. A frequent Grand Ole Opry guest, Barnetthas performed at some of the most esteemed music venues in the U.S. and internationally. For more information visit: www.melodyplacemusic.com www.mandybarnett.comSOURCE Melody Place / BMG Related Links http://www.melodyplacemusic.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: WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $535.2 million for the third quarter of 2020, or $7.03 per share on a diluted basis, on revenue of $1.1 billion. Book value per share increased to $41.67 from $34.26 at June 30, 2020. PFSIs Board of Directors declared a third quarter cash dividend of $0.15 per share, payable on November 25, 2020, to common stockholders of record as of November 16, 2020. Third Quarter 2020 Highlights PennyMac Financial again delivered record earnings in the third quarter, driven by increases in income from both our production and servicing segments, said President and CEO David Spector. Record production income resulted from outstanding performance across all channels and continued growth in our higher-margin consumer and broker direct lending channels. We continue to add capacity for further growth and now have more than 6,000 PennyMac employees throughout our operations across the country. Our servicing portfolio grew to over $400 billion in UPB thanks to our record production volumes which more than offset elevated prepayment speeds, and servicing made a significant contribution to the company's earnings driven by COVID-related loss mitigation activities. The following table presents the contributions of PennyMac Financials segments to pretax income: $ 700,830 $ 154,439 $ 855,269 $ - $ 855,269 75,572 - 75,572 - 75,572 54,839 - 54,839 - 54,839 - 132,807 132,807 - 132,807 - - - 8,508 8,508 26,050 26,902 52,952 - 52,952 18,325 44,850 63,175 4 63,179 7,725 (17,948 ) (10,223 ) (4 ) (10,227 ) 132 1,802 1,934 1,290 3,224 839,098 271,100 1,110,198 9,794 1,119,992 225,817 159,407 385,224 6,477 391,701 $ 613,281 $ 111,693 $ 724,974 $ 3,317 $ 728,291 Production Segment The Production segment includes the correspondent acquisition of newly originated government-insured mortgage loans for PennyMac Financials own account, fulfillment services on behalf of PMT and direct lending through the consumer direct and broker direct channels, including the underwriting and acquisition of loans from correspondent sellers on a non-delegated basis. PennyMac Financials loan production activity for the quarter totaled $54.2 billion in UPB, $26.8 billion of which was for its own account, and $27.4 billion of which was fee-based fulfillment activity for PMT. Correspondent government and direct lending IRLCs totaled $36.6 billion in UPB, up 41 percent from the prior quarter and 63 percent from the third quarter of 2019. Production segment pretax income was $613.3 million, up 14 percent from the prior quarter and 242 percent from the third quarter of 2019. Production revenue totaled $839.1 million, up 14 percent from the prior quarter and 166 percent from the third quarter of 2019. The quarter-over-quarter increase was driven by an $81.1 million increase in net gains on loans held for sale as a result of volume growth in all production channels, somewhat offset by decreases in margins from peak levels in the prior quarter, and a $16.6 million increase in loan origination fees driven by record volumes. The components of net gains on loans held for sale are detailed in the following table: $ 245,946 $ 225,534 $ 227,256 (9,776 ) (5,662 ) (1,896 ) (2,746 ) (2,919 ) (1,333 ) 533,292 275,473 (108,408 ) 88,553 189,747 120,113 $ 855,269 $ 682,173 $ 235,732 $ 700,830 $ 619,728 $ 216,132 $ 154,439 $ 62,445 $ 19,600 PennyMac Financial performs fulfillment services for conventional conforming and jumbo loans acquired by PMT from non-affiliates in its correspondent production business. These services include, but are not limited to, marketing, relationship management, correspondent seller approval and monitoring, loan file review, underwriting, pricing, hedging and activities related to the subsequent sale and securitization of loans in the secondary mortgage markets for PMT. Fees earned from the fulfillment of correspondent loans on behalf of PMT totaled $54.8 million in the third quarter, up 4 percent from the prior quarter and up 21 percent from the third quarter of 2019. The quarter-over-quarter increase in fulfillment fee revenue was driven primarily by a 45 percent increase in acquisition volumes by PMT offset by a decrease in the weighted average fulfillment fee rate to 20 basis points from 28 basis points in the prior quarter. The fulfillment fee rate decrease was related to the implementation of updated intercompany agreements between PFSI and PMT in the third quarter. Net interest income totaled $7.7 million, up from $6.6 million in the prior quarter and $4.0 million in the third quarter of 2019. Production segment expenses were $225.8 million, up 13 percent from the prior quarter and 66 percent from the third quarter of 2019, as a result of the increase in volumes across all channels. Servicing Segment The Servicing segment includes income from owned MSRs, subservicing and special servicing activities. Servicing segment pretax income was $111.7 million, versus a pretax loss of $62.4 million in the prior quarter and a pretax loss of $18.1 million in the third quarter of 2019. Servicing segment net revenues totaled $271.1 million, up 273 percent from the prior quarter and 148 percent from the third quarter of 2019, driven by increases in net loan servicing fees and net gains on loans held for sale at fair value. Revenue from net loan servicing fees totaled $132.8 million, up from $22.3 million in the prior quarter, as a result of lower net valuation related losses. Revenue from net loan servicing fees included $250.4 million in servicing fees, reduced by $90.2 million from the realization of MSR cash flows. Net valuation-related losses totaled $27.4 million, and included MSR fair value losses of $37.0 million, and hedging and other gains of $9.7 million. The following table presents a breakdown of net loan servicing fees: $ 250,368 $ 243,254 $ 224,949 (90,187 ) (97,435 ) (117,220 ) (37,030 ) (108,354 ) (295,510 ) 3,135 636 3,864 6,521 (15,764 ) 250,146 (117,561 ) (220,917 ) (158,720 ) $ 132,807 $ 22,337 $ 66,229 Servicing segment revenue included $154.4 million in net gains on loans held for sale related to reperforming government-insured and guaranteed loans, up significantly from $62.4 million in the prior quarter and $19.6 million in the third quarter of 2019, as a result of loss mitigation activity on loans emerging from forbearance. These previously delinquent loans were purchased out of Ginnie Mae securitizations and brought back to performing status through PennyMac Financials successful servicing efforts, primarily through loan modifications or FHA Partial Claims. With respect to the FHA Partial Claims, the reperforming loans must remain current for a minimum of six months to be eligible for resecuritization. Net interest expense totaled $17.9 million, versus net interest expense of $12.4 million in the prior quarter and net interest income of $23.1 million in the third quarter of 2019. Interest income was $26.9 million, down from $28.1 million in the prior quarter, driven by lower income related to custodial deposit balances as earnings rates decreased. Interest expense was $44.9 million, up from $40.6 million in the prior quarter driven by the financing of increased balances of loans purchased out of Ginnie Mae securitizations. Servicing segment expenses totaled $159.4 million, up 18 percent from the prior quarter driven by higher operational expenses and provisions for credit losses due to COVID-related delinquencies. The total servicing portfolio grew to $401.9 billion in UPB at September 30, 2020, an increase of 4 percent from June 30, 2020 and 15 percent from September 30, 2019. PennyMac Financial subservices and conducts special servicing for $156.5 billion in UPB, an increase of 6 percent from June 30, 2020 and 30 percent from September 30, 2019. PennyMac Financials owned MSR portfolio grew to $245.4 billion in UPB, an increase of 2 percent from June 30, 2020 and 8 percent from September 30, 2019. The table below details PennyMac Financials servicing portfolio UPB: $ 187,134,080 $ 180,277,670 $ 157,437,101 47,716,917 53,530,059 63,778,892 234,850,997 233,807,729 221,215,993 1,799,562 2,130,520 2,327,687 8,749,673 4,672,171 4,323,252 245,400,232 240,610,420 227,866,932 156,425,439 147,612,389 120,460,120 401,825,671 388,222,809 348,327,052 71,129 83,066 147,956 $ 401,896,800 $ 388,305,875 $ 348,475,008 $ 234,850,997 $ 233,807,729 $ 221,215,993 1,799,562 2,130,520 2,327,687 8,749,673 4,672,171 4,323,252 245,400,232 240,610,420 227,866,932 156,496,568 147,695,455 120,608,076 $ 401,896,800 $ 388,305,875 $ 348,475,008 Investment Management Segment PennyMac Financial manages PMT for which it earns base management fees and may earn incentive compensation. Net AUM were $2.3 billion as of September 30, 2020, up 2 percent from June 30, 2020, due to an increase in PMTs book value primarily driven by strong results in its Correspondent Production segment and income from its government-sponsored enterprise credit risk transfer investments. Pretax income for the Investment Management segment was $3.3 million, down from $4.7 million in the prior quarter and $5.0 million in the third quarter of 2019. Management fees, which include base management and performance incentive fees from PMT were $8.5 million, up from $8.3 million in the prior quarter and down from $10.1 million in the third quarter of 2019. Base management fees were $8.5 million, up from $8.3 million in the prior quarter and $7.9 million in the third quarter of 2019, as a result of higher AUM. Performance-based incentive fees were not earned in the third quarter and are not expected to be earned for some time due to the impact of PMTs loss in the first quarter of 2020. The following table presents a breakdown of management fees: $ 8,508 $ 8,288 $ 7,914 - - 2,184 $ 8,508 $ 8,288 $ 10,098 $ 2,281,266 $ 2,235,277 $ 2,219,611 Investment Management segment expenses totaled $6.5 million, up 11 percent from the prior quarter and down 5 percent from the third quarter of 2019. Consolidated Expenses Total expenses were $391.7 million, up 15 percent from the prior quarter and 45 percent from the third quarter of 2019, driven by higher volumes of activity in the production segment and higher delinquency-related activity and provisions for credit losses in the servicing segment. Mr. Spector concluded, PennyMac Financial has a long track record of consistent profitability and value creation throughout its history, including more than seven years as a public company. Our leading loan production business, historically oriented to the purchase market, and our servicing portfolio of nearly 1.9 million customers position the company to succeed across different market environments. The expected growth in direct lending and continued loss mitigation activities in our servicing business are positive trends driving PFSIs success. So while the macroeconomic outlook remains uncertain, we expect PennyMac Financials exceptional financial performance to persist through 2021. Managements slide presentation will be available in the Investor Relations section of the Companys website at ir.pennymacfinancial.com beginning at 1:30 p.m. (Pacific Time) on Thursday, November 5, 2020. About PennyMac Financial Services, Inc. PennyMac Financial Services, Inc. is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. Founded in 2008, the company is recognized as a leader in the U.S. residential mortgage industry. For the twelve months ended September 30, 2020, PennyMac Financials production of newly originated loans totaled $170 billion in unpaid principal balance, making it the third largest mortgage lender in the nation. As of September 30, 2020, PennyMac Financial serviced loans totaling $401.9 billion in unpaid principal balance, making it a top ten servicer of loans in the nation. Additional information about PennyMac Financial Services, Inc. is available at ir.pennymacfinancial.com. This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding managements beliefs, estimates, projections, the recently completed corporate reorganization, the expected benefits and market and financial impact of the reorganization and assumptions with respect to, among other things, the Companys financial results, future operations, business plans and investment strategies, as well as industry and market conditions, all of which are subject to change. Words like believe, expect, anticipate, promise, plan, and other expressions or words of similar meanings, as well as future or conditional verbs such as will, would, should, could, or may are generally intended to identify forward-looking statements. Actual results and operations for any future period may vary materially from those projected herein and from past results discussed herein. Factors which could cause actual results to differ materially from historical results or those anticipated include, but are not limited to: our exposure to risks of loss and disruptions in operations resulting from adverse weather conditions, man-made or natural disasters, climate change and pandemics such as COVID-19; the continually changing federal, state and local laws and regulations applicable to the highly regulated industry in which we operate; lawsuits or governmental actions that may result from any noncompliance with the laws and regulations applicable to our businesses; the mortgage lending and servicing-related regulations promulgated by the Consumer Financial Protection Bureau and its enforcement of these regulations; our dependence on U.S. governmentsponsored entities and changes in their current roles or their guarantees or guidelines; changes to government mortgage modification programs; the licensing and operational requirements of states and other jurisdictions applicable to the Companys businesses, to which our bank competitors are not subject; foreclosure delays and changes in foreclosure practices; changes in macroeconomic and U.S. real estate market conditions; difficulties inherent in growing loan production volume; difficulties inherent in adjusting the size of our operations to reflect changes in business levels; purchase opportunities for mortgage servicing rights and our success in winning bids; changes in prevailing interest rates; expected discontinuation of LIBOR; increases in loan delinquencies and defaults; our reliance on PennyMac Mortgage Investment Trust (NYSE: PMT) as a significant source of financing for, and revenue related to, our mortgage banking business; maintaining sufficient capital and liquidity to support business growth including compliance with financial covenants; our obligation to indemnify thirdparty purchasers or repurchase loans if loans that we originate, acquire, service or assist in the fulfillment of, fail to meet certain criteria or characteristics or under other circumstances; our obligation to indemnify PMT if its services fail to meet certain criteria or characteristics or under other circumstances; decreases in the returns on the assets that we select and manage for our clients, and our resulting management and incentive fees; the extensive amount of regulation applicable to our investment management segment; conflicts of interest in allocating our services and investment opportunities among us and our advised entities; the effect of public opinion on our reputation; our recent growth; our ability to effectively identify, manage, monitor and mitigate financial risks; our initiation of new business activities or investment strategies or expansion of existing business activities or investment strategies; our ability to detect misconduct and fraud; our ability to mitigate cybersecurity risks and cyber incidents; our ability to pay dividends to our stockholders; and our organizational structure and certain requirements in our charter documents. You should not place undue reliance on any forward- looking statement and should consider all of the uncertainties and risks described above, as well as those more fully discussed in reports and other documents filed by the Company with the Securities and Exchange Commission from time to time. The Company undertakes no obligation to publicly update or revise any forward-looking statements or any other information contained herein, and the statements made in this press release are current as of the date of this release only. This press release contains financial information calculated other than in accordance with U.S. generally accepted accounting principles (GAAP), such as pretax income excluding valuation items that provide a meaningful perspective on the Companys business results since the Company utilizes this information to evaluate and manage the business. Non-GAAP disclosure has limitations as an analytical tool and should not be viewed as a substitute for financial information determined in accordance with GAAP. PENNYMAC FINANCIAL SERVICES, INC. CONSOLIDATED BALANCE SHEETS (UNAUDITED) $ 529,166 $ 910,257 $ 201,268 102,136 7,746 90,663 9,126,172 4,918,253 4,522,971 86,958 90,101 107,678 578,254 400,302 232,948 393,654 282,285 271,501 991 1,310 1,667 2,333,821 2,213,539 2,556,253 72,133 73,571 53,384 122,478 44,329 39,744 17,183,873 13,762,157 892,631 651,229 522,625 332,491 $ 31,180,865 $ 23,226,475 $ 9,303,199 $ 7,259,188 $ 3,759,315 $ 3,538,889 535,063 536,395 514,625 1,295,143 1,294,949 1,293,625 492,358 - - 13,957 16,749 23,881 142,990 151,206 183,141 24,537 21,154 14,035 92,005 93,605 72,160 31,698 29,858 34,294 278,403 216,399 215,379 77,136 56,558 61,862 35,784 46,158 46,537 673,149 736,870 480,559 17,183,873 13,762,157 892,631 28,504 25,909 19,968 28,163,788 20,747,282 7,391,586 7 7 8 1,116,428 1,113,412 1,328,166 1,900,642 1,365,774 583,439 3,017,077 2,479,193 1,911,613 $ 31,180,865 $ 23,226,475 $ 9,303,199 PENNYMAC FINANCIAL SERVICES, INC. CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) $ 855,269 $ 682,173 $ 235,732 75,572 58,948 49,434 54,839 52,815 45,149 250,368 243,254 224,949 (124,082 ) (205,153 ) (408,866 ) 6,521 (15,764 ) 250,146 132,807 22,337 66,229 52,952 47,318 83,452 63,179 53,207 56,380 (10,227 ) (5,889 ) 27,072 8,508 8,288 10,098 (288 ) 543 66 1,214 296 188 2,298 2,123 2,379 1,119,992 821,634 436,347 202,440 179,886 141,132 71,110 56,503 47,909 53,752 50,921 34,851 28,964 21,905 20,385 18,307 12,500 9,682 8,491 8,293 7,257 8,637 11,264 8,934 391,701 341,272 270,150 728,291 480,362 166,197 193,131 127,685 44,724 $ 535,160 $ 352,677 $ 121,473 $ 7.39 $ 4.53 $ 1.55 $ 7.03 $ 4.39 $ 1.51 72,439 77,790 78,361 76,138 80,424 80,382 $ 0.15 $ 0.12 $ - Answer:

PennyMac Financial Services, Inc. Reports Record Third Quarter 2020 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $535.2 million for the third quarter of 2020, or $7.03 per share on a diluted basis, on revenue of $1.1 billion. Book value per share increased to $41.67 from $34.26 at June 30, 2020. PFSIs Board of Directors declared a third quarter cash dividend of $0.15 per share, payable on November 25, 2020, to common stockholders of record as of November 16, 2020. Third Quarter 2020 Highlights PennyMac Financial again delivered record earnings in the third quarter, driven by increases in income from both our production and servicing segments, said President and CEO David Spector. Record production income resulted from outstanding performance across all channels and continued growth in our higher-margin consumer and broker direct lending channels. We continue to add capacity for further growth and now have more than 6,000 PennyMac employees throughout our operations across the country. Our servicing portfolio grew to over $400 billion in UPB thanks to our record production volumes which more than offset elevated prepayment speeds, and servicing made a significant contribution to the company's earnings driven by COVID-related loss mitigation activities. The following table presents the contributions of PennyMac Financials segments to pretax income: $ 700,830 $ 154,439 $ 855,269 $ - $ 855,269 75,572 - 75,572 - 75,572 54,839 - 54,839 - 54,839 - 132,807 132,807 - 132,807 - - - 8,508 8,508 26,050 26,902 52,952 - 52,952 18,325 44,850 63,175 4 63,179 7,725 (17,948 ) (10,223 ) (4 ) (10,227 ) 132 1,802 1,934 1,290 3,224 839,098 271,100 1,110,198 9,794 1,119,992 225,817 159,407 385,224 6,477 391,701 $ 613,281 $ 111,693 $ 724,974 $ 3,317 $ 728,291 Production Segment The Production segment includes the correspondent acquisition of newly originated government-insured mortgage loans for PennyMac Financials own account, fulfillment services on behalf of PMT and direct lending through the consumer direct and broker direct channels, including the underwriting and acquisition of loans from correspondent sellers on a non-delegated basis. PennyMac Financials loan production activity for the quarter totaled $54.2 billion in UPB, $26.8 billion of which was for its own account, and $27.4 billion of which was fee-based fulfillment activity for PMT. Correspondent government and direct lending IRLCs totaled $36.6 billion in UPB, up 41 percent from the prior quarter and 63 percent from the third quarter of 2019. Production segment pretax income was $613.3 million, up 14 percent from the prior quarter and 242 percent from the third quarter of 2019. Production revenue totaled $839.1 million, up 14 percent from the prior quarter and 166 percent from the third quarter of 2019. The quarter-over-quarter increase was driven by an $81.1 million increase in net gains on loans held for sale as a result of volume growth in all production channels, somewhat offset by decreases in margins from peak levels in the prior quarter, and a $16.6 million increase in loan origination fees driven by record volumes. The components of net gains on loans held for sale are detailed in the following table: $ 245,946 $ 225,534 $ 227,256 (9,776 ) (5,662 ) (1,896 ) (2,746 ) (2,919 ) (1,333 ) 533,292 275,473 (108,408 ) 88,553 189,747 120,113 $ 855,269 $ 682,173 $ 235,732 $ 700,830 $ 619,728 $ 216,132 $ 154,439 $ 62,445 $ 19,600 PennyMac Financial performs fulfillment services for conventional conforming and jumbo loans acquired by PMT from non-affiliates in its correspondent production business. These services include, but are not limited to, marketing, relationship management, correspondent seller approval and monitoring, loan file review, underwriting, pricing, hedging and activities related to the subsequent sale and securitization of loans in the secondary mortgage markets for PMT. Fees earned from the fulfillment of correspondent loans on behalf of PMT totaled $54.8 million in the third quarter, up 4 percent from the prior quarter and up 21 percent from the third quarter of 2019. The quarter-over-quarter increase in fulfillment fee revenue was driven primarily by a 45 percent increase in acquisition volumes by PMT offset by a decrease in the weighted average fulfillment fee rate to 20 basis points from 28 basis points in the prior quarter. The fulfillment fee rate decrease was related to the implementation of updated intercompany agreements between PFSI and PMT in the third quarter. Net interest income totaled $7.7 million, up from $6.6 million in the prior quarter and $4.0 million in the third quarter of 2019. Production segment expenses were $225.8 million, up 13 percent from the prior quarter and 66 percent from the third quarter of 2019, as a result of the increase in volumes across all channels. Servicing Segment The Servicing segment includes income from owned MSRs, subservicing and special servicing activities. Servicing segment pretax income was $111.7 million, versus a pretax loss of $62.4 million in the prior quarter and a pretax loss of $18.1 million in the third quarter of 2019. Servicing segment net revenues totaled $271.1 million, up 273 percent from the prior quarter and 148 percent from the third quarter of 2019, driven by increases in net loan servicing fees and net gains on loans held for sale at fair value. Revenue from net loan servicing fees totaled $132.8 million, up from $22.3 million in the prior quarter, as a result of lower net valuation related losses. Revenue from net loan servicing fees included $250.4 million in servicing fees, reduced by $90.2 million from the realization of MSR cash flows. Net valuation-related losses totaled $27.4 million, and included MSR fair value losses of $37.0 million, and hedging and other gains of $9.7 million. The following table presents a breakdown of net loan servicing fees: $ 250,368 $ 243,254 $ 224,949 (90,187 ) (97,435 ) (117,220 ) (37,030 ) (108,354 ) (295,510 ) 3,135 636 3,864 6,521 (15,764 ) 250,146 (117,561 ) (220,917 ) (158,720 ) $ 132,807 $ 22,337 $ 66,229 Servicing segment revenue included $154.4 million in net gains on loans held for sale related to reperforming government-insured and guaranteed loans, up significantly from $62.4 million in the prior quarter and $19.6 million in the third quarter of 2019, as a result of loss mitigation activity on loans emerging from forbearance. These previously delinquent loans were purchased out of Ginnie Mae securitizations and brought back to performing status through PennyMac Financials successful servicing efforts, primarily through loan modifications or FHA Partial Claims. With respect to the FHA Partial Claims, the reperforming loans must remain current for a minimum of six months to be eligible for resecuritization. Net interest expense totaled $17.9 million, versus net interest expense of $12.4 million in the prior quarter and net interest income of $23.1 million in the third quarter of 2019. Interest income was $26.9 million, down from $28.1 million in the prior quarter, driven by lower income related to custodial deposit balances as earnings rates decreased. Interest expense was $44.9 million, up from $40.6 million in the prior quarter driven by the financing of increased balances of loans purchased out of Ginnie Mae securitizations. Servicing segment expenses totaled $159.4 million, up 18 percent from the prior quarter driven by higher operational expenses and provisions for credit losses due to COVID-related delinquencies. The total servicing portfolio grew to $401.9 billion in UPB at September 30, 2020, an increase of 4 percent from June 30, 2020 and 15 percent from September 30, 2019. PennyMac Financial subservices and conducts special servicing for $156.5 billion in UPB, an increase of 6 percent from June 30, 2020 and 30 percent from September 30, 2019. PennyMac Financials owned MSR portfolio grew to $245.4 billion in UPB, an increase of 2 percent from June 30, 2020 and 8 percent from September 30, 2019. The table below details PennyMac Financials servicing portfolio UPB: $ 187,134,080 $ 180,277,670 $ 157,437,101 47,716,917 53,530,059 63,778,892 234,850,997 233,807,729 221,215,993 1,799,562 2,130,520 2,327,687 8,749,673 4,672,171 4,323,252 245,400,232 240,610,420 227,866,932 156,425,439 147,612,389 120,460,120 401,825,671 388,222,809 348,327,052 71,129 83,066 147,956 $ 401,896,800 $ 388,305,875 $ 348,475,008 $ 234,850,997 $ 233,807,729 $ 221,215,993 1,799,562 2,130,520 2,327,687 8,749,673 4,672,171 4,323,252 245,400,232 240,610,420 227,866,932 156,496,568 147,695,455 120,608,076 $ 401,896,800 $ 388,305,875 $ 348,475,008 Investment Management Segment PennyMac Financial manages PMT for which it earns base management fees and may earn incentive compensation. Net AUM were $2.3 billion as of September 30, 2020, up 2 percent from June 30, 2020, due to an increase in PMTs book value primarily driven by strong results in its Correspondent Production segment and income from its government-sponsored enterprise credit risk transfer investments. Pretax income for the Investment Management segment was $3.3 million, down from $4.7 million in the prior quarter and $5.0 million in the third quarter of 2019. Management fees, which include base management and performance incentive fees from PMT were $8.5 million, up from $8.3 million in the prior quarter and down from $10.1 million in the third quarter of 2019. Base management fees were $8.5 million, up from $8.3 million in the prior quarter and $7.9 million in the third quarter of 2019, as a result of higher AUM. Performance-based incentive fees were not earned in the third quarter and are not expected to be earned for some time due to the impact of PMTs loss in the first quarter of 2020. The following table presents a breakdown of management fees: $ 8,508 $ 8,288 $ 7,914 - - 2,184 $ 8,508 $ 8,288 $ 10,098 $ 2,281,266 $ 2,235,277 $ 2,219,611 Investment Management segment expenses totaled $6.5 million, up 11 percent from the prior quarter and down 5 percent from the third quarter of 2019. Consolidated Expenses Total expenses were $391.7 million, up 15 percent from the prior quarter and 45 percent from the third quarter of 2019, driven by higher volumes of activity in the production segment and higher delinquency-related activity and provisions for credit losses in the servicing segment. Mr. Spector concluded, PennyMac Financial has a long track record of consistent profitability and value creation throughout its history, including more than seven years as a public company. Our leading loan production business, historically oriented to the purchase market, and our servicing portfolio of nearly 1.9 million customers position the company to succeed across different market environments. The expected growth in direct lending and continued loss mitigation activities in our servicing business are positive trends driving PFSIs success. So while the macroeconomic outlook remains uncertain, we expect PennyMac Financials exceptional financial performance to persist through 2021. Managements slide presentation will be available in the Investor Relations section of the Companys website at ir.pennymacfinancial.com beginning at 1:30 p.m. (Pacific Time) on Thursday, November 5, 2020. About PennyMac Financial Services, Inc. PennyMac Financial Services, Inc. is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. Founded in 2008, the company is recognized as a leader in the U.S. residential mortgage industry. For the twelve months ended September 30, 2020, PennyMac Financials production of newly originated loans totaled $170 billion in unpaid principal balance, making it the third largest mortgage lender in the nation. As of September 30, 2020, PennyMac Financial serviced loans totaling $401.9 billion in unpaid principal balance, making it a top ten servicer of loans in the nation. Additional information about PennyMac Financial Services, Inc. is available at ir.pennymacfinancial.com. This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding managements beliefs, estimates, projections, the recently completed corporate reorganization, the expected benefits and market and financial impact of the reorganization and assumptions with respect to, among other things, the Companys financial results, future operations, business plans and investment strategies, as well as industry and market conditions, all of which are subject to change. Words like believe, expect, anticipate, promise, plan, and other expressions or words of similar meanings, as well as future or conditional verbs such as will, would, should, could, or may are generally intended to identify forward-looking statements. Actual results and operations for any future period may vary materially from those projected herein and from past results discussed herein. Factors which could cause actual results to differ materially from historical results or those anticipated include, but are not limited to: our exposure to risks of loss and disruptions in operations resulting from adverse weather conditions, man-made or natural disasters, climate change and pandemics such as COVID-19; the continually changing federal, state and local laws and regulations applicable to the highly regulated industry in which we operate; lawsuits or governmental actions that may result from any noncompliance with the laws and regulations applicable to our businesses; the mortgage lending and servicing-related regulations promulgated by the Consumer Financial Protection Bureau and its enforcement of these regulations; our dependence on U.S. governmentsponsored entities and changes in their current roles or their guarantees or guidelines; changes to government mortgage modification programs; the licensing and operational requirements of states and other jurisdictions applicable to the Companys businesses, to which our bank competitors are not subject; foreclosure delays and changes in foreclosure practices; changes in macroeconomic and U.S. real estate market conditions; difficulties inherent in growing loan production volume; difficulties inherent in adjusting the size of our operations to reflect changes in business levels; purchase opportunities for mortgage servicing rights and our success in winning bids; changes in prevailing interest rates; expected discontinuation of LIBOR; increases in loan delinquencies and defaults; our reliance on PennyMac Mortgage Investment Trust (NYSE: PMT) as a significant source of financing for, and revenue related to, our mortgage banking business; maintaining sufficient capital and liquidity to support business growth including compliance with financial covenants; our obligation to indemnify thirdparty purchasers or repurchase loans if loans that we originate, acquire, service or assist in the fulfillment of, fail to meet certain criteria or characteristics or under other circumstances; our obligation to indemnify PMT if its services fail to meet certain criteria or characteristics or under other circumstances; decreases in the returns on the assets that we select and manage for our clients, and our resulting management and incentive fees; the extensive amount of regulation applicable to our investment management segment; conflicts of interest in allocating our services and investment opportunities among us and our advised entities; the effect of public opinion on our reputation; our recent growth; our ability to effectively identify, manage, monitor and mitigate financial risks; our initiation of new business activities or investment strategies or expansion of existing business activities or investment strategies; our ability to detect misconduct and fraud; our ability to mitigate cybersecurity risks and cyber incidents; our ability to pay dividends to our stockholders; and our organizational structure and certain requirements in our charter documents. You should not place undue reliance on any forward- looking statement and should consider all of the uncertainties and risks described above, as well as those more fully discussed in reports and other documents filed by the Company with the Securities and Exchange Commission from time to time. The Company undertakes no obligation to publicly update or revise any forward-looking statements or any other information contained herein, and the statements made in this press release are current as of the date of this release only. This press release contains financial information calculated other than in accordance with U.S. generally accepted accounting principles (GAAP), such as pretax income excluding valuation items that provide a meaningful perspective on the Companys business results since the Company utilizes this information to evaluate and manage the business. Non-GAAP disclosure has limitations as an analytical tool and should not be viewed as a substitute for financial information determined in accordance with GAAP. PENNYMAC FINANCIAL SERVICES, INC. CONSOLIDATED BALANCE SHEETS (UNAUDITED) $ 529,166 $ 910,257 $ 201,268 102,136 7,746 90,663 9,126,172 4,918,253 4,522,971 86,958 90,101 107,678 578,254 400,302 232,948 393,654 282,285 271,501 991 1,310 1,667 2,333,821 2,213,539 2,556,253 72,133 73,571 53,384 122,478 44,329 39,744 17,183,873 13,762,157 892,631 651,229 522,625 332,491 $ 31,180,865 $ 23,226,475 $ 9,303,199 $ 7,259,188 $ 3,759,315 $ 3,538,889 535,063 536,395 514,625 1,295,143 1,294,949 1,293,625 492,358 - - 13,957 16,749 23,881 142,990 151,206 183,141 24,537 21,154 14,035 92,005 93,605 72,160 31,698 29,858 34,294 278,403 216,399 215,379 77,136 56,558 61,862 35,784 46,158 46,537 673,149 736,870 480,559 17,183,873 13,762,157 892,631 28,504 25,909 19,968 28,163,788 20,747,282 7,391,586 7 7 8 1,116,428 1,113,412 1,328,166 1,900,642 1,365,774 583,439 3,017,077 2,479,193 1,911,613 $ 31,180,865 $ 23,226,475 $ 9,303,199 PENNYMAC FINANCIAL SERVICES, INC. CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) $ 855,269 $ 682,173 $ 235,732 75,572 58,948 49,434 54,839 52,815 45,149 250,368 243,254 224,949 (124,082 ) (205,153 ) (408,866 ) 6,521 (15,764 ) 250,146 132,807 22,337 66,229 52,952 47,318 83,452 63,179 53,207 56,380 (10,227 ) (5,889 ) 27,072 8,508 8,288 10,098 (288 ) 543 66 1,214 296 188 2,298 2,123 2,379 1,119,992 821,634 436,347 202,440 179,886 141,132 71,110 56,503 47,909 53,752 50,921 34,851 28,964 21,905 20,385 18,307 12,500 9,682 8,491 8,293 7,257 8,637 11,264 8,934 391,701 341,272 270,150 728,291 480,362 166,197 193,131 127,685 44,724 $ 535,160 $ 352,677 $ 121,473 $ 7.39 $ 4.53 $ 1.55 $ 7.03 $ 4.39 $ 1.51 72,439 77,790 78,361 76,138 80,424 80,382 $ 0.15 $ 0.12 $ -

edtsum1296

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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, June 16, 2020 /PRNewswire/ --Omni Cultural TV Fest (OCTVF) in partnership with NATPE (The National Association of Television Program Executives) has launched a virtual weekly pre-show as part of its continuing support of independent filmmakers. OCTVF was slated to present its Second Annual Festival on June 14, 2020 at the Directors Guild of America but placed it on hold due to the current pandemic. The festival received hundreds of submissions and decided to showcase selections using streaming media until it is safe to reschedule the live event. "We have every intention of executing our festival when the time is right," said Kiki Melendez, founder of OCTVF. "Participating filmmakers have worked long and hard to realize their projects and we owe it to them to bring their work to light." The weekly virtual pre-shows will be comprised of 15 to 20-minute "webisodes" in the form of interviews, with pre-recorded promotional footage that was submitted by the filmmakers. Organizers will screen 60 submissions out of the hundreds that were received so far, with celebrity guests appearing throughout the weekly episodes to inspire emerging filmmakers. "During the shelter-at home we can re-invent ourselves and keep reaching for our goals. We need to be ready and able to come out and move forward," said co-founder Cindy Cowan. The show was launched on Thursday, June 11 at 4pm PST on Omni Cultural TV Fest's YouTube Channelhttps://www.youtube.com/channel/UCLHvz5-XcDZkL1etwIH7vBQand its social media platforms, including OCTVF's website. (www.omniculturaltvfest.com) The kick-off episode included "Ever After" a documentary by Anita and Bonnie Pointer, a tribute to Bonnie Pointer who passed away days after the show was recorded. The upcoming episode on June 18, 2020 features "Rosie", a short film by Destry Allyn Spielberg. Future episodes: July 25, 2020 4 submissions by Isaac Fuentes featuring Emilio Rivera. July 2, 2020 "Pregnish and IVF Journey" by Actor Yancy Arias and Anna Arias (Unscripted) In 2019, OCTVF was successful in showcasing emergingproducers and bridging the gap between multi-culturaltalent and legitimate content buyers. The event set up countless pitch meetings and eight projects received worldwide distribution. OCTVF enjoys continuing support from major networks, studios, distributors, and digital platforms in its mission to celebrate diversity and inclusion. "This is our way of getting our filmmakersto present their work and receive the exposure, recognition and opportunities to sell their projects," said Melendez. OCTVF continues to accept submissions through Film Freeway.The event's Executive Producer is Marco Gomez and Festival Director is Elvia Barboa. Strategic partnership opportunities are available through Nancy Santiago at[emailprotected] Festival Contact:Elvia Barboa at 424 238 8890 or[emailprotected] Generated by Elif Cercel ([emailprotected]) SOURCE Omni Cultural TV Fest Related Links http://www.omniculturaltvfest.com Answer:

Omni Cultural TV Fest in Partnership with NATPE Launches Weekly Virtual Pre-Shows to Support Independent Filmmakers English USA - espaol

LOS ANGELES, June 16, 2020 /PRNewswire/ --Omni Cultural TV Fest (OCTVF) in partnership with NATPE (The National Association of Television Program Executives) has launched a virtual weekly pre-show as part of its continuing support of independent filmmakers. OCTVF was slated to present its Second Annual Festival on June 14, 2020 at the Directors Guild of America but placed it on hold due to the current pandemic. The festival received hundreds of submissions and decided to showcase selections using streaming media until it is safe to reschedule the live event. "We have every intention of executing our festival when the time is right," said Kiki Melendez, founder of OCTVF. "Participating filmmakers have worked long and hard to realize their projects and we owe it to them to bring their work to light." The weekly virtual pre-shows will be comprised of 15 to 20-minute "webisodes" in the form of interviews, with pre-recorded promotional footage that was submitted by the filmmakers. Organizers will screen 60 submissions out of the hundreds that were received so far, with celebrity guests appearing throughout the weekly episodes to inspire emerging filmmakers. "During the shelter-at home we can re-invent ourselves and keep reaching for our goals. We need to be ready and able to come out and move forward," said co-founder Cindy Cowan. The show was launched on Thursday, June 11 at 4pm PST on Omni Cultural TV Fest's YouTube Channelhttps://www.youtube.com/channel/UCLHvz5-XcDZkL1etwIH7vBQand its social media platforms, including OCTVF's website. (www.omniculturaltvfest.com) The kick-off episode included "Ever After" a documentary by Anita and Bonnie Pointer, a tribute to Bonnie Pointer who passed away days after the show was recorded. The upcoming episode on June 18, 2020 features "Rosie", a short film by Destry Allyn Spielberg. Future episodes: July 25, 2020 4 submissions by Isaac Fuentes featuring Emilio Rivera. July 2, 2020 "Pregnish and IVF Journey" by Actor Yancy Arias and Anna Arias (Unscripted) In 2019, OCTVF was successful in showcasing emergingproducers and bridging the gap between multi-culturaltalent and legitimate content buyers. The event set up countless pitch meetings and eight projects received worldwide distribution. OCTVF enjoys continuing support from major networks, studios, distributors, and digital platforms in its mission to celebrate diversity and inclusion. "This is our way of getting our filmmakersto present their work and receive the exposure, recognition and opportunities to sell their projects," said Melendez. OCTVF continues to accept submissions through Film Freeway.The event's Executive Producer is Marco Gomez and Festival Director is Elvia Barboa. Strategic partnership opportunities are available through Nancy Santiago at[emailprotected] Festival Contact:Elvia Barboa at 424 238 8890 or[emailprotected] Generated by Elif Cercel ([emailprotected]) SOURCE Omni Cultural TV Fest Related Links http://www.omniculturaltvfest.com

edtsum1298

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: BOCA RATON, Fla., Sept. 30, 2020 /PRNewswire/ --Today, Coastal Risk Consulting (CRC) announced a partnership with the U.S. Green Building Council (USGBC) to deliver a RiskFootprint for buildings, communities and cities that provides a climate risk analysis. The service will integrate with LEED, Arc and GBCI rating systems to help assess a project's vulnerability to physical climate risks. Coastal Risk is a leading provider of geospatial modeling, data analytics, and risk assessment technology and advisory services that empowers individuals, businesses, and governments around the world to accelerate climate resilience. "USGBC's partnership with Coastal Risk enables us to apply our growing data and technology platforms to help stakeholders gain insights and inform action," said Mahesh Ramanujam, president & CEO, USGBC. "The integration of RiskFootprint with LEED Online and Arc will give any commercial or residential project new tools to assess vulnerability to flooding, storm surge, earthquake, drought, increased rainfall, increasing temperature and other current and future risks." Coastal Risk's President, Albert Slap, said: "Coastal Risk is proud to partner with USGBC to accelerate resilience for residential and commercial properties and public facilities. OurRiskFootprint technology provides users with a scientific and comprehensive visualization of current and future physical climate risks, both on a portfolio and individual property level. RiskFootprint complements USGBC's mission to make buildings greener and more sustainable." Coastal Risk's automated assessments add to a project's due diligence and risk management. The detailed, RiskFootprint Dashboard and Reports help customers make informed decisions about buying, selling, insuring, and, where needed, implementing cost-effective, measures to mitigate these risks. "A healthy future is also a resilient and sustainable future," added Ramanujam. "As we prepare to reopen our spaces and build back our economies, we are working with leaders, like CRC, that are advancing resilience as we build, rebuild and transform our buildings, communities and cities around the world into healthy and resilient spaces." About Coastal Risk Consulting Established in 2014, Coastal Risk is a leading provider of comprehensive, flood, natural hazard, and climate impact risk assessment technology (RiskFootprint) and sustainability and resilience-accelerating solutions for buildings, portfolios, and organizations (B-Resilient). Our new and unique technology is "best-in-class" for portfolio risk management, individual asset risk mitigation, and science-based strategies to minimize business interruptions, save energy, improve environmental performance, and protect long-term values. Companies face growing regulatory and investor pressures to disclose climate-related financial risks in line with frameworks like the Task Force on Climate-related Financial Disclosure (TCFD). Coastal Risk provides high-level, strategic support on physical risk reductions at the asset level and services to help firms create successful sustainability/resilience programs. Serving commercial real estate, REITs, insurance brokers, mortgage lenders, local and federal governments, consumers, real estate agents, and ESG funds, Coastal Risk helps clients get climate ready and storm safe. For more information, visit www.floodscores.com and follow us on Facebook, and LinkedIn. About the U.S. Green Building Council The U.S. Green Building Council (USGBC) is committed to a prosperous and sustainable future through cost-efficient and energy-saving green buildings. USGBC works toward its mission of market transformation through its LEED green building program, robust educational offerings, an international network of local community leaders, the annual Greenbuild International Conference & Expo, the Center for Green Schools and advocacy in support of public policy that encourages and enables green buildings and communities. For more information, visit usgbc.org and connect on Twitter, Facebook, Instagram, and LinkedIn. SOURCE Coastal Risk Consulting Answer:

Coastal Risk Partners with U.S. Green Building Council to Deliver a RiskFootprint for Buildings, Communities and Cities Partnership to help offer a climate risk analysis to LEED and other GBCI certified projects

BOCA RATON, Fla., Sept. 30, 2020 /PRNewswire/ --Today, Coastal Risk Consulting (CRC) announced a partnership with the U.S. Green Building Council (USGBC) to deliver a RiskFootprint for buildings, communities and cities that provides a climate risk analysis. The service will integrate with LEED, Arc and GBCI rating systems to help assess a project's vulnerability to physical climate risks. Coastal Risk is a leading provider of geospatial modeling, data analytics, and risk assessment technology and advisory services that empowers individuals, businesses, and governments around the world to accelerate climate resilience. "USGBC's partnership with Coastal Risk enables us to apply our growing data and technology platforms to help stakeholders gain insights and inform action," said Mahesh Ramanujam, president & CEO, USGBC. "The integration of RiskFootprint with LEED Online and Arc will give any commercial or residential project new tools to assess vulnerability to flooding, storm surge, earthquake, drought, increased rainfall, increasing temperature and other current and future risks." Coastal Risk's President, Albert Slap, said: "Coastal Risk is proud to partner with USGBC to accelerate resilience for residential and commercial properties and public facilities. OurRiskFootprint technology provides users with a scientific and comprehensive visualization of current and future physical climate risks, both on a portfolio and individual property level. RiskFootprint complements USGBC's mission to make buildings greener and more sustainable." Coastal Risk's automated assessments add to a project's due diligence and risk management. The detailed, RiskFootprint Dashboard and Reports help customers make informed decisions about buying, selling, insuring, and, where needed, implementing cost-effective, measures to mitigate these risks. "A healthy future is also a resilient and sustainable future," added Ramanujam. "As we prepare to reopen our spaces and build back our economies, we are working with leaders, like CRC, that are advancing resilience as we build, rebuild and transform our buildings, communities and cities around the world into healthy and resilient spaces." About Coastal Risk Consulting Established in 2014, Coastal Risk is a leading provider of comprehensive, flood, natural hazard, and climate impact risk assessment technology (RiskFootprint) and sustainability and resilience-accelerating solutions for buildings, portfolios, and organizations (B-Resilient). Our new and unique technology is "best-in-class" for portfolio risk management, individual asset risk mitigation, and science-based strategies to minimize business interruptions, save energy, improve environmental performance, and protect long-term values. Companies face growing regulatory and investor pressures to disclose climate-related financial risks in line with frameworks like the Task Force on Climate-related Financial Disclosure (TCFD). Coastal Risk provides high-level, strategic support on physical risk reductions at the asset level and services to help firms create successful sustainability/resilience programs. Serving commercial real estate, REITs, insurance brokers, mortgage lenders, local and federal governments, consumers, real estate agents, and ESG funds, Coastal Risk helps clients get climate ready and storm safe. For more information, visit www.floodscores.com and follow us on Facebook, and LinkedIn. About the U.S. Green Building Council The U.S. Green Building Council (USGBC) is committed to a prosperous and sustainable future through cost-efficient and energy-saving green buildings. USGBC works toward its mission of market transformation through its LEED green building program, robust educational offerings, an international network of local community leaders, the annual Greenbuild International Conference & Expo, the Center for Green Schools and advocacy in support of public policy that encourages and enables green buildings and communities. For more information, visit usgbc.org and connect on Twitter, Facebook, Instagram, and LinkedIn. SOURCE Coastal Risk Consulting

edtsum1315

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 12, 2020 /PRNewswire/ -- Thayer Ventures, the only venture capital firm focused specifically on technology innovation in traveland transportation, raised $80 million to invest in new startups in the $10 trillion global travel and transportation industries. Limited Partners in the new fund include strategic investors, family offices, sovereign wealth funds and other institutional capital. "We are pleased to announce the completion of funding for Thayer Ventures Fund III," said Chris Hemmeter Managing Director at Thayer Ventures. He continued, "With this unprecedented period of global change and dislocation, we believe macro-disruptions, including the current COVID-19 environment, will be catalytic towards the pace of innovation and further underscore our long-term investment thesis. Disruptions across the value-chain, when combined with shifting consumer behavior patterns, accelerate the displacement of long-term incumbent technology providers and promote adoption of more flexible models across industries. We believe our portfolio companies will help lead that process in the future." Investments already made out of Thayer Ventures' Fund III include cross-industry connectivity platform Beekeeper(www.beekeeper.com), commercial cleaning robotics innovator Dishcraft Robotics (www.dishcraft.com), mobility pioneer May Mobility (www.maymobility.com), and hotel management disruptor Lifehouse (www.lifehousehotels.com). Mark Farrell, Managing Director at Thayer Ventures, added, "Travel and transportation are among the world's biggest and most robust industries, serving fundamental and immutable human needs and aspirations. The return of these industries will be driven by innovators including many of the companies in the portfolios of Thayer Ventures III and our earlier funds." In line with its sole focus on travel and transportation technologies, Thayer Ventures supports its capital investments with a uniquely deep network of decision makers to help capture proprietary deal flow, offer portfolio companies unmatched tactical and strategic value, and drive investor returns. Many of its early stage investments have been the beneficiaries of this approach, and have either engineered profitable exits or built sustainable businesses that position them for continued growth and market leadership. Thayer Managing Director Jeff Jackson concluded, "We're excited about the progress we've made as a firm as evidenced by the close of our third funds.I'm pleased to be a part of a business that has grown, evolved and become more impactful in a dynamic marketplace, providing our companies with strategy and execution to be successful and repeatable." About Thayer Ventures San Francisco-based Thayer Ventures is an early stage venture capital firm with a strategic focus on technology within the global travel and transportation industry. Thayer prioritizes early stage b2b companies, but selectively looks at seed and later stage deals with selective b2c activity. Currently, Thayer Ventures manages four active investment vehicles with over $100 million in capital and over 20 active portfolio companies. Contact: Michael Frenkel for Thayer Ventures [emailprotected] (201) 317-7035 SOURCE Thayer Ventures Answer:

Thayer Ventures Closes $80 Million Fund III to Invest in Technology Companies Disrupting the Travel and Transportation Industry Disruptions Across the Value Chain and Shifting Consumer Behavior Patterns, In Particular During the COVID-19 Environment, Create an Environment Ripe for Accelerating Innovation

SAN FRANCISCO, May 12, 2020 /PRNewswire/ -- Thayer Ventures, the only venture capital firm focused specifically on technology innovation in traveland transportation, raised $80 million to invest in new startups in the $10 trillion global travel and transportation industries. Limited Partners in the new fund include strategic investors, family offices, sovereign wealth funds and other institutional capital. "We are pleased to announce the completion of funding for Thayer Ventures Fund III," said Chris Hemmeter Managing Director at Thayer Ventures. He continued, "With this unprecedented period of global change and dislocation, we believe macro-disruptions, including the current COVID-19 environment, will be catalytic towards the pace of innovation and further underscore our long-term investment thesis. Disruptions across the value-chain, when combined with shifting consumer behavior patterns, accelerate the displacement of long-term incumbent technology providers and promote adoption of more flexible models across industries. We believe our portfolio companies will help lead that process in the future." Investments already made out of Thayer Ventures' Fund III include cross-industry connectivity platform Beekeeper(www.beekeeper.com), commercial cleaning robotics innovator Dishcraft Robotics (www.dishcraft.com), mobility pioneer May Mobility (www.maymobility.com), and hotel management disruptor Lifehouse (www.lifehousehotels.com). Mark Farrell, Managing Director at Thayer Ventures, added, "Travel and transportation are among the world's biggest and most robust industries, serving fundamental and immutable human needs and aspirations. The return of these industries will be driven by innovators including many of the companies in the portfolios of Thayer Ventures III and our earlier funds." In line with its sole focus on travel and transportation technologies, Thayer Ventures supports its capital investments with a uniquely deep network of decision makers to help capture proprietary deal flow, offer portfolio companies unmatched tactical and strategic value, and drive investor returns. Many of its early stage investments have been the beneficiaries of this approach, and have either engineered profitable exits or built sustainable businesses that position them for continued growth and market leadership. Thayer Managing Director Jeff Jackson concluded, "We're excited about the progress we've made as a firm as evidenced by the close of our third funds.I'm pleased to be a part of a business that has grown, evolved and become more impactful in a dynamic marketplace, providing our companies with strategy and execution to be successful and repeatable." About Thayer Ventures San Francisco-based Thayer Ventures is an early stage venture capital firm with a strategic focus on technology within the global travel and transportation industry. Thayer prioritizes early stage b2b companies, but selectively looks at seed and later stage deals with selective b2c activity. Currently, Thayer Ventures manages four active investment vehicles with over $100 million in capital and over 20 active portfolio companies. Contact: Michael Frenkel for Thayer Ventures [emailprotected] (201) 317-7035 SOURCE Thayer Ventures

edtsum1316

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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 7, 2020 /PRNewswire/ -- Over the last month, Cohen & Steers MLP Income and Energy Opportunity Fund, Inc. (NYSE: MIE), the "Fund", has reduced its leverage following a period of extreme volatility and price depreciation in the market for master limited partnerships (MLPs) and other midstream energy companies. On March 30, 2020, the Fund announced a reduction of its monthly distribution rate and declared a distribution of $0.015 per share of common stock. Monthly distributions, announced on March 30, 2020, are payable on April 30, May 29 and June 30, 2020. Reduction in Leverage The Fund reduced the amount of leverage employed in response to adverse market conditions for MLPs and other midstream energy companies, which impacted the value of the Fund's investments and its ability to comply with certain terms of the asset coverage requirements of the Investment Company Act of 1940. The Fund employs a leverage ratio of 26.8% as of April 6, 2020. Reduction in Distribution Rate In approving the change in the distribution rate from $0.06 per share to $0.015 per share, representing a 75% reduction, the Fund's management and Board of Directors considered the challenges facing midstream energy companies, as well as other factors, including the amount of distributable cash flow expected to be received from the Fund's investments, the reduced leverage the Fund is expected to employ in the near term, and the expected cost of leverage and other Fund expenses. The Fund pays regular monthly cash distributions to common shareholders at a level rate that may be adjusted from time to time. The Fund's distribution reflects net investment income and may also include return of capital. Return of capital includes distributions paid by a fund in excess of its net investment income. Such excess is distributed from the fund's assets. Under federal tax regulations, some or all the return of capital distributed by a fund may be taxed as ordinary income. The amount of monthly distributions may vary depending on several factors, including changes in portfolio and market conditions. Shareholders should not use the information provided in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report Fund distributions for federal income tax purposes. Investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. You can obtain the Fund's most recent periodic reports, when available, and other regulatory filings by contacting your financial advisor or visiting cohenandsteers.com. These reports and other filings can be found on the Securities and Exchange Commission's EDGAR Database. You should read these reports and other filings carefully before investing. Website: https://www.cohenandsteers.com/ Symbol: (NYSE: CNS) About Cohen & Steers. Cohen & Steers is a global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Hong Kong and Tokyo. Forward-Looking Statements This press release and other statements that Cohen & Steers may make may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company's current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. SOURCE Cohen & Steers Related Links https://www.cohenandsteers.com Answer:

Cohen & Steers MLP Income and Energy Opportunity Fund Update on Leverage and Distribution Rate

NEW YORK, April 7, 2020 /PRNewswire/ -- Over the last month, Cohen & Steers MLP Income and Energy Opportunity Fund, Inc. (NYSE: MIE), the "Fund", has reduced its leverage following a period of extreme volatility and price depreciation in the market for master limited partnerships (MLPs) and other midstream energy companies. On March 30, 2020, the Fund announced a reduction of its monthly distribution rate and declared a distribution of $0.015 per share of common stock. Monthly distributions, announced on March 30, 2020, are payable on April 30, May 29 and June 30, 2020. Reduction in Leverage The Fund reduced the amount of leverage employed in response to adverse market conditions for MLPs and other midstream energy companies, which impacted the value of the Fund's investments and its ability to comply with certain terms of the asset coverage requirements of the Investment Company Act of 1940. The Fund employs a leverage ratio of 26.8% as of April 6, 2020. Reduction in Distribution Rate In approving the change in the distribution rate from $0.06 per share to $0.015 per share, representing a 75% reduction, the Fund's management and Board of Directors considered the challenges facing midstream energy companies, as well as other factors, including the amount of distributable cash flow expected to be received from the Fund's investments, the reduced leverage the Fund is expected to employ in the near term, and the expected cost of leverage and other Fund expenses. The Fund pays regular monthly cash distributions to common shareholders at a level rate that may be adjusted from time to time. The Fund's distribution reflects net investment income and may also include return of capital. Return of capital includes distributions paid by a fund in excess of its net investment income. Such excess is distributed from the fund's assets. Under federal tax regulations, some or all the return of capital distributed by a fund may be taxed as ordinary income. The amount of monthly distributions may vary depending on several factors, including changes in portfolio and market conditions. Shareholders should not use the information provided in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report Fund distributions for federal income tax purposes. Investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. You can obtain the Fund's most recent periodic reports, when available, and other regulatory filings by contacting your financial advisor or visiting cohenandsteers.com. These reports and other filings can be found on the Securities and Exchange Commission's EDGAR Database. You should read these reports and other filings carefully before investing. Website: https://www.cohenandsteers.com/ Symbol: (NYSE: CNS) About Cohen & Steers. Cohen & Steers is a global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Hong Kong and Tokyo. Forward-Looking Statements This press release and other statements that Cohen & Steers may make may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company's current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. SOURCE Cohen & Steers Related Links https://www.cohenandsteers.com

edtsum1324

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: ROSEMONT, Ill., May 21, 2020 /PRNewswire/ -- When children require a cast due to a bone fracture, follow-up care instructions are typically given verbally or the patient is sent home with written instructions. However, patients and their caregivers run the risk of forgetting what was said or losing the instructions. Quick Response (QR) codes may be an effective method to relay instructions once patients are sent home with a cast, according to a new study released as part of theAmerican Academy of Orthopaedic Surgeons' (AAOS) Virtual Education Experience. "The genesis for this study was that most patients don't recall what you tell them in the clinic or office," said John Schlechter, DO, FAAOS, pediatric orthopaedic surgeon, Children's Hospital Orange County, Orange, California. "When I talk to patients and their families about the course of action, I often have them record me on their smartphone because I know they don't always take home all the information. If we put the QR code on the cast, they have on-demand access to instructions." The total number of fractures in 2010 was 15 million.i One in every five children is at risk for a fracture and children ages 10-14 years old have the greatest risk.ii Studies have shown that only 50% of the information presented during an office visit is retained by patients and 40-80% of the information is forgotten immediately.iii Due to the stress of a broken bone, children and their families often find it difficult to recall cast care instructions, with some remembering as little of 14%.iv,v The prospective study, "QR Codes Alternative Methods for Cast Care Instructions in Children," collected data on 88 children between 0-18 years old who did not require surgery for a fracture. A family member had to own a smartphone to be included and complete a follow-up questionnaire. A laminated, waterproof QR code was put directly onto the cast. The researchers looked at cast complications, the number of times the QR code was scanned, who scanned the code, time of day scanned, treatment satisfaction, and whether the QR code helped prevent a call to a physician. The majority of casts were short arm casts (40.9%), followed by long arm casts (33%) and short leg casts (21.6%). Of the children with a complete follow up, 60 used the QR code to answer questions they had about cast care. The QR code was mainly scanned by a parent (65.8%). The study also found: The QR code was scanned an average of 1.6 times (range = 0-8 times), although patients and their families thought they had scanned it an average of 2.4 times (range = 0-15). Ninety percent (89.9%) of the patients found the QR code convenient and useful (p < 0.001). Seventy-four percent (73.9%) of patients were very satisfied with the convenience. Thirty seven of the 60 patients who scanned the code said the information on the website kept them from needing to contact a physician to ask a question. There were 11 cast-related issues with the primary reported circumstance being a wet or damaged cast. Of the participants who reported a problem with the QR code: Three said the code would not scan. Two reported the QR code fell off the cast. One patient said they were unable to find the QR code on the cast. One reported the code stopped working after the first scan. "With patients of all ages, especially children, we are always trying to mitigate cast-related issues that can lead to unwanted emergency room visits," said Dr. Schlechter. "Most cast complications are due to a wet cast. With QR codes, we can point patients and their caregivers to the exact website needed to access physician-specific information, which reassures them and provides reliable information." To learn more about how broken bones heal or cast alternatives and care, visit OrthoInfo.org. Disclosure Statement About the AAOSWith more than 39,000 members, theAmerican Academy of Orthopaedic Surgeonsis the world's largest medical association of musculoskeletal specialists. The AAOS is the trusted leader in advancing musculoskeletal health. It provides the highest quality, most comprehensive education to help orthopaedic surgeons and allied health professionals at every career level to best treat patients in their daily practices. The AAOS is the source for information on bone and joint conditions, treatments and related musculoskeletal health care issues and it leads the health care discussion on advancing quality.Follow the AAOS onFacebook, Twitter, LinkedInandInstagram. i Bone and Joint Initiative. Fracture Trends. https://www.boneandjointburden.org/2014-report/via23/fracture-trends. Updated 2014. Accessed Feb. 6, 2020. iiNaranje SM, Erali RA, Warner WC, Sawyer JR, Kelly DM. Epidemiology of Pediatric Fractures Presenting to Emergency Departments in the United States.J Pediatr Orthop. 2016;36(4):e45-48. iiiRobert H. Margolis P. In One Ear and Out the Other - What Patients Remember. Audiology Online; 2004 [cited 2019 October 17]; Available from: https://www.audiologyonline.com/articles/in-one-ear-and-out-1102. Accessed Jan. 21, 2020. ivGough AT, Fieraru G, Gaffney P, Butler M, Kincaid RJ, Middleton RG. A novel use of QR code stickers after orthopaedic cast application. Ann R Coll Surg Engl. 2017 Jul;99(6):476-8. vKessels RP. Patients' memory for medical information. J R Soc Med. 2003 May;96(5):219-22. SOURCE American Academy of Orthopaedic Surgeons Related Links http://www.aaos.org Answer:

Can QR codes make a difference for children in casts? Scannable cast codes prove successful in proactive management of potential cast problems

ROSEMONT, Ill., May 21, 2020 /PRNewswire/ -- When children require a cast due to a bone fracture, follow-up care instructions are typically given verbally or the patient is sent home with written instructions. However, patients and their caregivers run the risk of forgetting what was said or losing the instructions. Quick Response (QR) codes may be an effective method to relay instructions once patients are sent home with a cast, according to a new study released as part of theAmerican Academy of Orthopaedic Surgeons' (AAOS) Virtual Education Experience. "The genesis for this study was that most patients don't recall what you tell them in the clinic or office," said John Schlechter, DO, FAAOS, pediatric orthopaedic surgeon, Children's Hospital Orange County, Orange, California. "When I talk to patients and their families about the course of action, I often have them record me on their smartphone because I know they don't always take home all the information. If we put the QR code on the cast, they have on-demand access to instructions." The total number of fractures in 2010 was 15 million.i One in every five children is at risk for a fracture and children ages 10-14 years old have the greatest risk.ii Studies have shown that only 50% of the information presented during an office visit is retained by patients and 40-80% of the information is forgotten immediately.iii Due to the stress of a broken bone, children and their families often find it difficult to recall cast care instructions, with some remembering as little of 14%.iv,v The prospective study, "QR Codes Alternative Methods for Cast Care Instructions in Children," collected data on 88 children between 0-18 years old who did not require surgery for a fracture. A family member had to own a smartphone to be included and complete a follow-up questionnaire. A laminated, waterproof QR code was put directly onto the cast. The researchers looked at cast complications, the number of times the QR code was scanned, who scanned the code, time of day scanned, treatment satisfaction, and whether the QR code helped prevent a call to a physician. The majority of casts were short arm casts (40.9%), followed by long arm casts (33%) and short leg casts (21.6%). Of the children with a complete follow up, 60 used the QR code to answer questions they had about cast care. The QR code was mainly scanned by a parent (65.8%). The study also found: The QR code was scanned an average of 1.6 times (range = 0-8 times), although patients and their families thought they had scanned it an average of 2.4 times (range = 0-15). Ninety percent (89.9%) of the patients found the QR code convenient and useful (p < 0.001). Seventy-four percent (73.9%) of patients were very satisfied with the convenience. Thirty seven of the 60 patients who scanned the code said the information on the website kept them from needing to contact a physician to ask a question. There were 11 cast-related issues with the primary reported circumstance being a wet or damaged cast. Of the participants who reported a problem with the QR code: Three said the code would not scan. Two reported the QR code fell off the cast. One patient said they were unable to find the QR code on the cast. One reported the code stopped working after the first scan. "With patients of all ages, especially children, we are always trying to mitigate cast-related issues that can lead to unwanted emergency room visits," said Dr. Schlechter. "Most cast complications are due to a wet cast. With QR codes, we can point patients and their caregivers to the exact website needed to access physician-specific information, which reassures them and provides reliable information." To learn more about how broken bones heal or cast alternatives and care, visit OrthoInfo.org. Disclosure Statement About the AAOSWith more than 39,000 members, theAmerican Academy of Orthopaedic Surgeonsis the world's largest medical association of musculoskeletal specialists. The AAOS is the trusted leader in advancing musculoskeletal health. It provides the highest quality, most comprehensive education to help orthopaedic surgeons and allied health professionals at every career level to best treat patients in their daily practices. The AAOS is the source for information on bone and joint conditions, treatments and related musculoskeletal health care issues and it leads the health care discussion on advancing quality.Follow the AAOS onFacebook, Twitter, LinkedInandInstagram. i Bone and Joint Initiative. Fracture Trends. https://www.boneandjointburden.org/2014-report/via23/fracture-trends. Updated 2014. Accessed Feb. 6, 2020. iiNaranje SM, Erali RA, Warner WC, Sawyer JR, Kelly DM. Epidemiology of Pediatric Fractures Presenting to Emergency Departments in the United States.J Pediatr Orthop. 2016;36(4):e45-48. iiiRobert H. Margolis P. In One Ear and Out the Other - What Patients Remember. Audiology Online; 2004 [cited 2019 October 17]; Available from: https://www.audiologyonline.com/articles/in-one-ear-and-out-1102. Accessed Jan. 21, 2020. ivGough AT, Fieraru G, Gaffney P, Butler M, Kincaid RJ, Middleton RG. A novel use of QR code stickers after orthopaedic cast application. Ann R Coll Surg Engl. 2017 Jul;99(6):476-8. vKessels RP. Patients' memory for medical information. J R Soc Med. 2003 May;96(5):219-22. SOURCE American Academy of Orthopaedic Surgeons Related Links http://www.aaos.org

edtsum1333

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: GTTINGEN, Germany, May 13, 2020 /PRNewswire/ --At today's meeting, the Supervisory Board of Sartorius AG approved the Executive Board's recommendation to submit a proposal to the Annual General Shareholders' Meeting, which is now a virtual meeting scheduled for June 26, 2020, to pay dividends of 0.36 euro per preference share and 0.35 euro per ordinary share. Prior-year dividends were 0.62 euro and 0.61 euro per preference share and per ordinary share, respectively. The original dividend proposal of 0.71 euro per preference share and 0.70 euro per ordinary share, as announced February 13, 2020, has been adjusted in light of the ongoing pandemic crisis. Sartorius assumes that it will have to live with considerable uncertainties and risks for still some time to come. Yet at the same time, the current situation offers additional opportunities for further strengthening our portfolio by innovative technologies. Additionally, the company will also make considerable efforts to support people and institutions that have been particularly hit by the pandemic crisis or that play an important role in coping with it. Sartorius AG had postponed its Annual General Shareholders' Meeting formerly scheduled for March 26, 2020, due to the coronavirus pandemic and the associated restrictive rules imposed on meetings. Supervisory Board and Executive Board of the company decided to take advantage of a new legal regulation and hold the Annual General Shareholders' Meeting without the physical presence of shareholders and their representatives. This press release contains forward-looking statements about the future development of the Sartorius Group. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such statements. Sartorius assumes no liability for updating such statements in light of new information or future events. This is a translation of the original German-language earnings release. Sartorius shall not assume any liability for the correctness of this translation. The original German earnings release is the legally binding version. Current image files https://www.sartorius.com/en/company/newsroom/downloads-publications Financial calendar June 26, 2020: Annual General Shareholders' MeetingJuly 21, 2020: Publication of first-half figures (January to June 2020) October 20, 2020:Publication of nine-month figures (January to September 2020) A profile of Sartorius The Sartorius Group is a leading international partner of life science research and the biopharmaceutical industry. With innovative laboratory instruments and consumables, the Group's Lab Products & Services Division concentrates on serving the needs of laboratories performing research and quality control at pharma and biopharma companies and those of academic research institutes. The Bioprocess Solutions Division with its broad product portfolio focusing on single-use solutions helps customers to manufacture biotech medications and vaccines safely and efficiently. The Group has been annually growing by double digits on average and has been regularly expanding its portfolio by acquisitions of complementary technologies. In fiscal 2019, the company earned sales revenue of some 1.83billion euros. At the end of 2019, more than 9,000 people were employed at the Group's approximately 60manufacturing and sales sites, serving customers around the globe. Follow Sartorius on Twitter @Sartorius_Group and on LinkedIn. Contact:Petra KirchhoffHead of Corporate Communications and Investor Relations+49 (0)551.308.1686 [emailprotected] sartorius.com SOURCE Sartorius AG Related Links https://www.sartorius.com/en Answer:

Resolutions of the Supervisory Board of Sartorius AG English Deutschland - Deutsch

GTTINGEN, Germany, May 13, 2020 /PRNewswire/ --At today's meeting, the Supervisory Board of Sartorius AG approved the Executive Board's recommendation to submit a proposal to the Annual General Shareholders' Meeting, which is now a virtual meeting scheduled for June 26, 2020, to pay dividends of 0.36 euro per preference share and 0.35 euro per ordinary share. Prior-year dividends were 0.62 euro and 0.61 euro per preference share and per ordinary share, respectively. The original dividend proposal of 0.71 euro per preference share and 0.70 euro per ordinary share, as announced February 13, 2020, has been adjusted in light of the ongoing pandemic crisis. Sartorius assumes that it will have to live with considerable uncertainties and risks for still some time to come. Yet at the same time, the current situation offers additional opportunities for further strengthening our portfolio by innovative technologies. Additionally, the company will also make considerable efforts to support people and institutions that have been particularly hit by the pandemic crisis or that play an important role in coping with it. Sartorius AG had postponed its Annual General Shareholders' Meeting formerly scheduled for March 26, 2020, due to the coronavirus pandemic and the associated restrictive rules imposed on meetings. Supervisory Board and Executive Board of the company decided to take advantage of a new legal regulation and hold the Annual General Shareholders' Meeting without the physical presence of shareholders and their representatives. This press release contains forward-looking statements about the future development of the Sartorius Group. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such statements. Sartorius assumes no liability for updating such statements in light of new information or future events. This is a translation of the original German-language earnings release. Sartorius shall not assume any liability for the correctness of this translation. The original German earnings release is the legally binding version. Current image files https://www.sartorius.com/en/company/newsroom/downloads-publications Financial calendar June 26, 2020: Annual General Shareholders' MeetingJuly 21, 2020: Publication of first-half figures (January to June 2020) October 20, 2020:Publication of nine-month figures (January to September 2020) A profile of Sartorius The Sartorius Group is a leading international partner of life science research and the biopharmaceutical industry. With innovative laboratory instruments and consumables, the Group's Lab Products & Services Division concentrates on serving the needs of laboratories performing research and quality control at pharma and biopharma companies and those of academic research institutes. The Bioprocess Solutions Division with its broad product portfolio focusing on single-use solutions helps customers to manufacture biotech medications and vaccines safely and efficiently. The Group has been annually growing by double digits on average and has been regularly expanding its portfolio by acquisitions of complementary technologies. In fiscal 2019, the company earned sales revenue of some 1.83billion euros. At the end of 2019, more than 9,000 people were employed at the Group's approximately 60manufacturing and sales sites, serving customers around the globe. Follow Sartorius on Twitter @Sartorius_Group and on LinkedIn. Contact:Petra KirchhoffHead of Corporate Communications and Investor Relations+49 (0)551.308.1686 [emailprotected] sartorius.com SOURCE Sartorius AG Related Links https://www.sartorius.com/en

edtsum1334

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: SILVER SPRING, Md., March 22, 2020 /PRNewswire/ -- Today, the U.S. Food and Drug Administration took significant action to help increase the availability of ventilators and accessories, as well as other respiratory devices, during the COVID-19 pandemic to support patients with respiratory failure or difficulty breathing. "The FDA's new actions will mean America can make more ventilators during this crisis," said Health and Human Services Secretary Alex Azar. "Today's actions are another step by the FDA and HHS to eliminate every possible barrier to the all-of-America approach that President Trump has called for. With this boost from the FDA, medical device makers can more easily make changes to existing products, such as changes to suppliers or materials, to help address current manufacturing limitations or supply shortages. Other manufacturers, such as auto makers, can more easily repurpose production lines to help increase supply. Hospitals and other health care providers can repurpose machines they have now to serve as ventilators. HHS and FDA's message is clear: If you want to help expand production of ventilators to save American lives in this pandemic, we are going to work with you to sweep every possible barrier out of your way." "The FDA is doing everything we can to support patients, health care professionals, hospitals, medical product manufacturers and the public during this pandemic. One of the most impactful steps we can take is to help with access and availability to life-saving medical treatments," said FDA Commissioner Stephen Hahn, M.D. "Our policy issued today demonstrates our ability to react and adapt quickly during this pandemic and help very ill patients access the lifesaving ventilator support they need. To do that, we are providing maximum regulatory flexibility to facilitate an increase in ventilator inventory, while still providing crucial FDA oversight. We believe this action will immediately increase ventilator availability. We will continue to engage with both traditional medical device manufacturers and other manufacturers about ways we can facilitate a ramping up of production of these life-saving medical devices." The guidance issued today outlines several key steps. First, the guidance describes the agency's intention to exercise enforcement discretion for certain modifications to these FDA-cleared devices. Normally, any time a manufacturer or user makes a modification to a ventilator device, for instance, adding wireless and/or Bluetooth capability for remote monitoring, those modifications can often trigger an FDA premarket review, which can delay the time it takes to get these devices to the bedside. The guidance also helps manufacturers ramp up their manufacturing by adding production lines or alternative sites, for instance, using non-medical device manufacturers such as automobile manufacturers, to start manufacturing ventilator parts. In recognition of the current pandemic situation, and to ease regulatory burden on manufacturers, the FDA is being flexible in not enforcing the premarket review requirement for these modifications. Second, as outlined in this guidance, hospitals and health care professionals may use ventilators intended for other environments. For example, the guidance notes hospitals that could repurpose ventilators normally used for transporting patients in an ambulance into the hospital setting for long-term use. The FDA also provides recommendations for other alternatives that should be considered such as devices for treating sleep apnea, continuous positive airway pressure (CPAP), devices. The FDA's policy also applies to health care facilities that use ventilators beyond their indicated shelf life, which should increase ventilator capacity. Finally, the agency encourages manufacturers, whether foreign or domestic, to talk to FDA about pursuing an emergency use authorization (EUA), which would allow them to distribute their ventilators in the United States. This includes U.S.-based manufacturers that were previously engaged in making medical devices, but which have capabilities to increase supply of these devices. Taken altogether, these actions as outlined in the guidance demonstrates the FDA's flexibility during this pandemic to help manufacturers and encourage increased production of ventilators. This guidance is one of many actions the FDA has taken to increase the availability of medical devices, including diagnostic supplies and personal protective equipment (PPE). The FDA is responding to questions from diagnostic laboratories about the availability of certain testing supplies. We are updating in real time frequently asked questions from labs and test developers, providing information on alternative sources of reagents, extraction kits, swabs and more. The toll-free line, 1-888-INFO-FDA, is in place to help laboratories with any questions they may have about the EUA process or getting supplies. The FDA has been working closely with PPE manufacturers to understand their supply capabilities during this pandemic. The agency is also aware of challenges throughout the supply chain that are presently impacting the availability of PPE products and is taking steps to mitigate shortages that health care facilities are already experiencing. For example, on March 2, the FDA granted an Emergency Use Authorization to allow NIOSH-approved respirators typically used in industrial settings to be used in health care settings. The agency has also published a Letter to Healthcare Providers and FAQs that provide conservation strategies for gowns and masks and continues to coordinate and communicate with interagency and state partners to help ensure that they are more readily available. On Friday, the agency also issued a Letter to Health Care Providers sharing conservation strategies for surgical gloves, recognizing the need for PPE, such as medical gloves, may outpace the supply available to health care organizations during the COVID-19 pandemic. Proposed conservation strategies include using nonsterile disposable patient examination gloves for routine patient care or using medical gloves beyond the manufacturer-designated shelf life in a setting where there is a lower risk of transmission. The FDA is working around the clock to monitor and mitigate emerging coronavirus issues through collaborative efforts with federal partners, international regulators, and medical product developers and manufacturers to help advance response efforts to combat the COVID-19 pandemic. Additional Resources: Coronavirus Disease (COVID-19) Enforcement Policy for Ventilators and Accessories and Other Respiratory Devices During the Coronavirus Disease 2019 (COVID-19) Public Health Emergency - Guidance for Industry and Food and Drug Administration Staff Ventilator Supply Mitigation Strategies - Letter to Health Care Providers Media Contact:Stephanie Caccomo, 301-348-1956, [emailprotected]Consumer Inquiries: 888-INFO-FDA The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation's food supply, cosmetics, dietary supplements, products that give off electronic radiation, and for regulating tobacco products. SOURCE U.S. Food and Drug Administration Related Links http://www.fda.gov Answer:

Coronavirus (COVID-19) Update: FDA Continues to Facilitate Access to Crucial Medical Products, Including Ventilators

SILVER SPRING, Md., March 22, 2020 /PRNewswire/ -- Today, the U.S. Food and Drug Administration took significant action to help increase the availability of ventilators and accessories, as well as other respiratory devices, during the COVID-19 pandemic to support patients with respiratory failure or difficulty breathing. "The FDA's new actions will mean America can make more ventilators during this crisis," said Health and Human Services Secretary Alex Azar. "Today's actions are another step by the FDA and HHS to eliminate every possible barrier to the all-of-America approach that President Trump has called for. With this boost from the FDA, medical device makers can more easily make changes to existing products, such as changes to suppliers or materials, to help address current manufacturing limitations or supply shortages. Other manufacturers, such as auto makers, can more easily repurpose production lines to help increase supply. Hospitals and other health care providers can repurpose machines they have now to serve as ventilators. HHS and FDA's message is clear: If you want to help expand production of ventilators to save American lives in this pandemic, we are going to work with you to sweep every possible barrier out of your way." "The FDA is doing everything we can to support patients, health care professionals, hospitals, medical product manufacturers and the public during this pandemic. One of the most impactful steps we can take is to help with access and availability to life-saving medical treatments," said FDA Commissioner Stephen Hahn, M.D. "Our policy issued today demonstrates our ability to react and adapt quickly during this pandemic and help very ill patients access the lifesaving ventilator support they need. To do that, we are providing maximum regulatory flexibility to facilitate an increase in ventilator inventory, while still providing crucial FDA oversight. We believe this action will immediately increase ventilator availability. We will continue to engage with both traditional medical device manufacturers and other manufacturers about ways we can facilitate a ramping up of production of these life-saving medical devices." The guidance issued today outlines several key steps. First, the guidance describes the agency's intention to exercise enforcement discretion for certain modifications to these FDA-cleared devices. Normally, any time a manufacturer or user makes a modification to a ventilator device, for instance, adding wireless and/or Bluetooth capability for remote monitoring, those modifications can often trigger an FDA premarket review, which can delay the time it takes to get these devices to the bedside. The guidance also helps manufacturers ramp up their manufacturing by adding production lines or alternative sites, for instance, using non-medical device manufacturers such as automobile manufacturers, to start manufacturing ventilator parts. In recognition of the current pandemic situation, and to ease regulatory burden on manufacturers, the FDA is being flexible in not enforcing the premarket review requirement for these modifications. Second, as outlined in this guidance, hospitals and health care professionals may use ventilators intended for other environments. For example, the guidance notes hospitals that could repurpose ventilators normally used for transporting patients in an ambulance into the hospital setting for long-term use. The FDA also provides recommendations for other alternatives that should be considered such as devices for treating sleep apnea, continuous positive airway pressure (CPAP), devices. The FDA's policy also applies to health care facilities that use ventilators beyond their indicated shelf life, which should increase ventilator capacity. Finally, the agency encourages manufacturers, whether foreign or domestic, to talk to FDA about pursuing an emergency use authorization (EUA), which would allow them to distribute their ventilators in the United States. This includes U.S.-based manufacturers that were previously engaged in making medical devices, but which have capabilities to increase supply of these devices. Taken altogether, these actions as outlined in the guidance demonstrates the FDA's flexibility during this pandemic to help manufacturers and encourage increased production of ventilators. This guidance is one of many actions the FDA has taken to increase the availability of medical devices, including diagnostic supplies and personal protective equipment (PPE). The FDA is responding to questions from diagnostic laboratories about the availability of certain testing supplies. We are updating in real time frequently asked questions from labs and test developers, providing information on alternative sources of reagents, extraction kits, swabs and more. The toll-free line, 1-888-INFO-FDA, is in place to help laboratories with any questions they may have about the EUA process or getting supplies. The FDA has been working closely with PPE manufacturers to understand their supply capabilities during this pandemic. The agency is also aware of challenges throughout the supply chain that are presently impacting the availability of PPE products and is taking steps to mitigate shortages that health care facilities are already experiencing. For example, on March 2, the FDA granted an Emergency Use Authorization to allow NIOSH-approved respirators typically used in industrial settings to be used in health care settings. The agency has also published a Letter to Healthcare Providers and FAQs that provide conservation strategies for gowns and masks and continues to coordinate and communicate with interagency and state partners to help ensure that they are more readily available. On Friday, the agency also issued a Letter to Health Care Providers sharing conservation strategies for surgical gloves, recognizing the need for PPE, such as medical gloves, may outpace the supply available to health care organizations during the COVID-19 pandemic. Proposed conservation strategies include using nonsterile disposable patient examination gloves for routine patient care or using medical gloves beyond the manufacturer-designated shelf life in a setting where there is a lower risk of transmission. The FDA is working around the clock to monitor and mitigate emerging coronavirus issues through collaborative efforts with federal partners, international regulators, and medical product developers and manufacturers to help advance response efforts to combat the COVID-19 pandemic. Additional Resources: Coronavirus Disease (COVID-19) Enforcement Policy for Ventilators and Accessories and Other Respiratory Devices During the Coronavirus Disease 2019 (COVID-19) Public Health Emergency - Guidance for Industry and Food and Drug Administration Staff Ventilator Supply Mitigation Strategies - Letter to Health Care Providers Media Contact:Stephanie Caccomo, 301-348-1956, [emailprotected]Consumer Inquiries: 888-INFO-FDA The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation's food supply, cosmetics, dietary supplements, products that give off electronic radiation, and for regulating tobacco products. SOURCE U.S. Food and Drug Administration Related Links http://www.fda.gov

edtsum1339

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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)--RED, a company of ENGIE Impact, today announced the acquisition of Callaghan Engineering, one of Irelands leading engineering consulting firms. Operating out of Dublin and Cork, Callaghan Engineering will add more than 30 years of experience providing multi-discipline professional engineering design, validation, procurement, and project and construction management services. They also bring specialised expertise in the pharmaceuticals, data centre and medical services sectors, to expand REDs existing experience. RED, a global company of specialist building services and information and communications technology (ICT) engineers, has led the drive of global organisations towards zero-carbon for over a decade. Alongside Callaghan Engineering, RED will support companies with complex challenges in carbon intensive sectors which are increasingly expanding operations in Ireland. As an extremely well-respected and established firm, Callaghan will help us strengthen relationships with organisations locally, particularly in the process engineering, critical facilities, pharmaceuticals and medical device sectors, said Ian Whitfield, Chief Executive Officer at RED. We see a natural fit between RED and Callaghan Engineering and together, under the ENGIE Impact umbrella, we look forward to fulfilling our mission to help global organisations accelerate their sustainable transformation and create a future that combines positive economic and environmental outcomes. Callaghan Engineerings strong client base and significant local presence neatly dovetails the existing RED business structure and service offering. Callaghan Engineering brings complimentary technical capabilities, whilst providing a springboard for growth into key sectors. With RED, we see more opportunities to support organisations by leveraging valuable technical expertise and experience to realise ambitious plans for zero-carbon-built environments. Its a truly exciting time for our teams and our clients, added, Donal OCallaghan at Callaghan Engineering. About RED A Company of ENGIE Impact, RED provides technical expertise to deliver market leading building services and ICT infrastructure engineering solutions. REDs mission is to help global clients accelerate their sustainability transformation with the outcome of driving a zero carbon future. About Callaghan Engineering Callaghan Engineering is one of Irelands leading consulting engineering firms, providing multi-discipline professional engineering design, validation, procurement, project and construction management services. Answer:

RED Acquires Ireland-based Consulting Firm Callaghan Engineering With the addition of Callaghan Engineering, RED will expand in a key strategic geography and strengthen expertise in sectors with significant decarbonization opportunities

LONDON--(BUSINESS WIRE)--RED, a company of ENGIE Impact, today announced the acquisition of Callaghan Engineering, one of Irelands leading engineering consulting firms. Operating out of Dublin and Cork, Callaghan Engineering will add more than 30 years of experience providing multi-discipline professional engineering design, validation, procurement, and project and construction management services. They also bring specialised expertise in the pharmaceuticals, data centre and medical services sectors, to expand REDs existing experience. RED, a global company of specialist building services and information and communications technology (ICT) engineers, has led the drive of global organisations towards zero-carbon for over a decade. Alongside Callaghan Engineering, RED will support companies with complex challenges in carbon intensive sectors which are increasingly expanding operations in Ireland. As an extremely well-respected and established firm, Callaghan will help us strengthen relationships with organisations locally, particularly in the process engineering, critical facilities, pharmaceuticals and medical device sectors, said Ian Whitfield, Chief Executive Officer at RED. We see a natural fit between RED and Callaghan Engineering and together, under the ENGIE Impact umbrella, we look forward to fulfilling our mission to help global organisations accelerate their sustainable transformation and create a future that combines positive economic and environmental outcomes. Callaghan Engineerings strong client base and significant local presence neatly dovetails the existing RED business structure and service offering. Callaghan Engineering brings complimentary technical capabilities, whilst providing a springboard for growth into key sectors. With RED, we see more opportunities to support organisations by leveraging valuable technical expertise and experience to realise ambitious plans for zero-carbon-built environments. Its a truly exciting time for our teams and our clients, added, Donal OCallaghan at Callaghan Engineering. About RED A Company of ENGIE Impact, RED provides technical expertise to deliver market leading building services and ICT infrastructure engineering solutions. REDs mission is to help global clients accelerate their sustainability transformation with the outcome of driving a zero carbon future. About Callaghan Engineering Callaghan Engineering is one of Irelands leading consulting engineering firms, providing multi-discipline professional engineering design, validation, procurement, project and construction management services.

edtsum1343

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the quarter ended November 30 (adjusted measures exclude the items listed below for the applicable fiscal year): Fiscal 2021 Fiscal 2020 As Reported (GAAP) Adjusted (non-GAAP) As Reported (GAAP) Adjusted (non-GAAP) Revenue $20.6 billion $20.6 billion $17.3 billion $17.3 billion Operating income $1.47 billion $1.51 billion $554 million $684 million Operating margin 7.1% 7.4% 3.2% 3.9% Net income $1.23 billion $1.30 billion $560 million $660 million Diluted EPS $4.55 $4.83 $2.13 $2.51 This years and last years quarterly consolidated results have been adjusted for: Impact per diluted share Fiscal 2021 Fiscal 2020 Mark-to-market TNT Express retirement plan accounting adjustment $0.15 TNT Express integration expenses 0.13 0.19 Aircraft impairment charges 0.19 My sincere appreciation goes out to our nearly 600,000 team members around the world who go above and beyond to keep the world moving during this ongoing pandemic and unprecedented peak season. Our strong revenue and earnings growth during the quarter is a reflection of their continued hard work and commitment to our customers, said Frederick W. Smith, FedEx Corp. chairman and chief executive officer. These results demonstrate the unparalleled strength of our global express network, the breadth of our e-commerce capabilities, and the dedication of our people. Operating results increased due to volume growth in FedEx International Priority and U.S. domestic residential package services and pricing initiatives across all transportation segments. These factors were partially offset by costs to support strong demand and to expand services, variable compensation expense, and COVID-19-related costs, including expenses incurred to ensure the safety of FedEx team members and customers as well as the costs of network contingencies, including additional personnel to support operations through the pandemic. Net income includes a pretax noncash loss of $52 million ($41 million, net of tax, or $0.15 per diluted share) associated with amending a TNT Express European pension plan to harmonize retirement benefits. Net income also includes a tax benefit of $191 million ($0.71 per diluted share) primarily related to favorable guidance issued by the Internal Revenue Service during the quarter. Last years results included a tax benefit of $133 million ($0.51 per diluted share) from the recognition of certain foreign tax loss carryforwards. Outlook FedEx is not providing an earnings forecast for fiscal 2021. The capital spending forecast for the year remains $5.1 billion. The benefits of the investments across our business over the past several years are reflected in our strong second quarter results, said Michael C. Lenz, FedEx Corp. executive vice president and chief financial officer. While the overall environment remains uncertain, we expect earnings growth in the second half of fiscal 2021 driven by the anticipated heightened demand for our services as we continue to execute on our strategic priorities. Corporate Overview FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $75 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its nearly 600,000 team members to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. To learn more about how FedEx connects people and possibilities around the world, please visit about.fedex.com. Additional information and operating data are contained in the companys annual report, Form 10-K, Form 10-Qs, Form 8-Ks and Statistical Books. These materials, as well as a webcast of the earnings release conference call to be held at 5:30 p.m. EST on December 17, are available on the companys website at investors.fedex.com. A replay of the conference call webcast will be posted on our website following the call. The Investor Relations page of our website, investors.fedex.com, contains a significant amount of information about FedEx, including our Securities and Exchange Commission (SEC) filings and financial and other information for investors. The information that we post on our Investor Relations website could be deemed to be material information. We encourage investors, the media and others interested in the company to visit this website from time to time, as information is updated and new information is posted. Certain statements in this press release may be considered forward-looking statements, such as statements relating to managements views with respect to future events and financial performance and underlying assumptions. Forward-looking statements include those preceded by, followed by or that include the words will, may, could, would, should, believes, expects, anticipates, plans, estimates, targets, projects, intends or similar expressions. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, the negative impacts of the COVID-19 pandemic; economic conditions in the global markets in which we operate; anti-trade measures and additional changes in international trade policies and relations; a significant data breach or other disruption to our technology infrastructure; our ability to successfully integrate the businesses and operations of FedEx Express and TNT Express in the expected time frame and at the expected cost and to achieve the expected benefits from the combined businesses; our ability to continue to transform and optimize the FedEx Express international business, particularly in Europe; our ability to successfully implement our business strategy, effectively respond to changes in market dynamics and achieve the anticipated benefits and associated cost savings of such strategies and actions; damage to our reputation or loss of brand equity; the impact of the United Kingdoms withdrawal from the European Union and the terms of their future trading relationship beyond December 31, 2020; the timeline for recovery of passenger airline air cargo capacity; changes in fuel prices or currency exchange rates; our ability to match capacity to shifting volume levels; the impact of intense competition; evolving or new U.S. domestic or international government regulation or regulatory actions; future guidance, regulations, interpretations, challenges or judicial decisions related to our tax positions; our ability to successfully complete the acquisition of ShopRunner, Inc.; our ability to effectively operate, integrate, leverage and grow acquired businesses; legal challenges or changes related to service providers engaged by FedEx Ground and the drivers providing services on their behalf; an increase in self-insurance accruals and expenses; disruptions or modifications in service by, or changes in the business or financial soundness of, the U.S. Postal Service; the impact of any international conflicts or terrorist activities; our ability to quickly and effectively restore operations following adverse weather or a localized disaster or disturbance in a key geography; and other factors which can be found in FedEx Corp.s and its subsidiaries press releases and FedEx Corp.s filings with the SEC. Any forward-looking statement speaks only as of the date on which it is made. We do not undertake or assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. The financial section of this release is provided on the company's website at investors.fedex.com. RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES Second Quarter Fiscal 2021 and Fiscal 2020 Results The company reports its financial results in accordance with accounting principles generally accepted in the United States (GAAP or reported). We have supplemented the reporting of our financial information determined in accordance with GAAP with certain non-GAAP (or adjusted) financial measures, including our adjusted second quarter fiscal 2021 and 2020 consolidated operating income and margin, net income and diluted earnings per share, and adjusted second quarter fiscal 2021 and 2020 FedEx Express segment operating income and margin. These financial measures have been adjusted to exclude the impact of the following items (as applicable): The MTM TNT Express retirement plan accounting adjustment and aircraft impairment charges are excluded from our second quarter fiscal 2021 and 2020 consolidated non-GAAP financial measures and FedEx Express segment non-GAAP financial measures, as applicable, because they are unrelated to our core operating performance and/or to assist investors with assessing trends in our underlying businesses. We have incurred and expect to incur significant expenses through fiscal 2022 in connection with our integration of TNT Express. We have adjusted our second quarter fiscal 2021 and 2020 consolidated and FedEx Express segment financial measures to exclude TNT Express integration expenses because we generally would not incur such expenses as part of our continuing operations. The integration expenses are predominantly incremental costs directly associated with the integration of TNT Express, including professional and legal fees, salaries and employee benefits, travel and advertising expenses. Internal salaries and employee benefits are included only to the extent the individuals are assigned full-time to integration activities. We believe these adjusted financial measures facilitate analysis and comparisons of our ongoing business operations because they exclude items that may not be indicative of, or are unrelated to, the companys and our business segments core operating performance, and may assist investors with comparisons to prior periods and assessing trends in our underlying businesses. These adjustments are consistent with how management views our businesses. Management uses these non-GAAP financial measures in making financial, operating and planning decisions and evaluating the companys and each business segments ongoing performance. Our non-GAAP financial measures are intended to supplement and should be read together with, and are not an alternative or substitute for, and should not be considered superior to, our reported financial results. Accordingly, users of our financial statements should not place undue reliance on these non-GAAP financial measures. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies non-GAAP financial measures having the same or similar names. As required by Securities and Exchange Commission rules, the tables below present a reconciliation of our presented non-GAAP financial measures to the most directly comparable GAAP measures. Second Quarter Fiscal 2021 FedEx Corporation Operating Income Net Diluted Earnings Dollars in millions, except EPS Income Margin1 Taxes2 Income3 Per Share GAAP measure $1,465 7.1% $180 $1,226 $4.55 Mark-to-market TNT Express retirement plan accounting adjustment4 11 41 0.15 TNT Express integration expenses5 48 0.2% 12 36 0.13 Non-GAAP measure $1,513 7.4% $203 $1,303 $4.83 FedEx Express Segment Operating Dollars in millions Income Margin GAAP measure $900 8.7% TNT Express integration expenses 43 0.4% Non-GAAP measure $943 9.1% Second Quarter Fiscal 2020 FedEx Corporation Operating Income Net Diluted Earnings Dollars in millions, except EPS Income Margin1 Taxes2 Income3 Per Share GAAP measure $554 3.2% $12 $560 $2.13 TNT Express integration expenses5 64 0.4% 14 50 0.19 Aircraft impairment charges 66 0.4% 16 50 0.19 Non-GAAP measure $684 3.9% $42 $660 $2.51 FedEx Express Segment Operating Dollars in millions Income Margin1 GAAP measure $236 2.6% TNT Express integration expenses 49 0.5% Aircraft impairment charges 66 0.7% Non-GAAP measure $351 3.9% Notes: 1 Does not sum to total due to rounding. 2 Income taxes are based on the companys approximate statutory tax rates applicable to each transaction. 3 Effect of total other (expense) income on net income amount not shown. 4 The MTM TNT Express retirement plan accounting adjustment reflects a noncash loss associated with amending a TNT Express European pension plan to harmonize retirement benefits. 5 These expenses were recognized at FedEx Corporate and FedEx Express. Answer:

FedEx Corp. Reports Strong Second Quarter Results

MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the quarter ended November 30 (adjusted measures exclude the items listed below for the applicable fiscal year): Fiscal 2021 Fiscal 2020 As Reported (GAAP) Adjusted (non-GAAP) As Reported (GAAP) Adjusted (non-GAAP) Revenue $20.6 billion $20.6 billion $17.3 billion $17.3 billion Operating income $1.47 billion $1.51 billion $554 million $684 million Operating margin 7.1% 7.4% 3.2% 3.9% Net income $1.23 billion $1.30 billion $560 million $660 million Diluted EPS $4.55 $4.83 $2.13 $2.51 This years and last years quarterly consolidated results have been adjusted for: Impact per diluted share Fiscal 2021 Fiscal 2020 Mark-to-market TNT Express retirement plan accounting adjustment $0.15 TNT Express integration expenses 0.13 0.19 Aircraft impairment charges 0.19 My sincere appreciation goes out to our nearly 600,000 team members around the world who go above and beyond to keep the world moving during this ongoing pandemic and unprecedented peak season. Our strong revenue and earnings growth during the quarter is a reflection of their continued hard work and commitment to our customers, said Frederick W. Smith, FedEx Corp. chairman and chief executive officer. These results demonstrate the unparalleled strength of our global express network, the breadth of our e-commerce capabilities, and the dedication of our people. Operating results increased due to volume growth in FedEx International Priority and U.S. domestic residential package services and pricing initiatives across all transportation segments. These factors were partially offset by costs to support strong demand and to expand services, variable compensation expense, and COVID-19-related costs, including expenses incurred to ensure the safety of FedEx team members and customers as well as the costs of network contingencies, including additional personnel to support operations through the pandemic. Net income includes a pretax noncash loss of $52 million ($41 million, net of tax, or $0.15 per diluted share) associated with amending a TNT Express European pension plan to harmonize retirement benefits. Net income also includes a tax benefit of $191 million ($0.71 per diluted share) primarily related to favorable guidance issued by the Internal Revenue Service during the quarter. Last years results included a tax benefit of $133 million ($0.51 per diluted share) from the recognition of certain foreign tax loss carryforwards. Outlook FedEx is not providing an earnings forecast for fiscal 2021. The capital spending forecast for the year remains $5.1 billion. The benefits of the investments across our business over the past several years are reflected in our strong second quarter results, said Michael C. Lenz, FedEx Corp. executive vice president and chief financial officer. While the overall environment remains uncertain, we expect earnings growth in the second half of fiscal 2021 driven by the anticipated heightened demand for our services as we continue to execute on our strategic priorities. Corporate Overview FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $75 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its nearly 600,000 team members to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. To learn more about how FedEx connects people and possibilities around the world, please visit about.fedex.com. Additional information and operating data are contained in the companys annual report, Form 10-K, Form 10-Qs, Form 8-Ks and Statistical Books. These materials, as well as a webcast of the earnings release conference call to be held at 5:30 p.m. EST on December 17, are available on the companys website at investors.fedex.com. A replay of the conference call webcast will be posted on our website following the call. The Investor Relations page of our website, investors.fedex.com, contains a significant amount of information about FedEx, including our Securities and Exchange Commission (SEC) filings and financial and other information for investors. The information that we post on our Investor Relations website could be deemed to be material information. We encourage investors, the media and others interested in the company to visit this website from time to time, as information is updated and new information is posted. Certain statements in this press release may be considered forward-looking statements, such as statements relating to managements views with respect to future events and financial performance and underlying assumptions. Forward-looking statements include those preceded by, followed by or that include the words will, may, could, would, should, believes, expects, anticipates, plans, estimates, targets, projects, intends or similar expressions. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, the negative impacts of the COVID-19 pandemic; economic conditions in the global markets in which we operate; anti-trade measures and additional changes in international trade policies and relations; a significant data breach or other disruption to our technology infrastructure; our ability to successfully integrate the businesses and operations of FedEx Express and TNT Express in the expected time frame and at the expected cost and to achieve the expected benefits from the combined businesses; our ability to continue to transform and optimize the FedEx Express international business, particularly in Europe; our ability to successfully implement our business strategy, effectively respond to changes in market dynamics and achieve the anticipated benefits and associated cost savings of such strategies and actions; damage to our reputation or loss of brand equity; the impact of the United Kingdoms withdrawal from the European Union and the terms of their future trading relationship beyond December 31, 2020; the timeline for recovery of passenger airline air cargo capacity; changes in fuel prices or currency exchange rates; our ability to match capacity to shifting volume levels; the impact of intense competition; evolving or new U.S. domestic or international government regulation or regulatory actions; future guidance, regulations, interpretations, challenges or judicial decisions related to our tax positions; our ability to successfully complete the acquisition of ShopRunner, Inc.; our ability to effectively operate, integrate, leverage and grow acquired businesses; legal challenges or changes related to service providers engaged by FedEx Ground and the drivers providing services on their behalf; an increase in self-insurance accruals and expenses; disruptions or modifications in service by, or changes in the business or financial soundness of, the U.S. Postal Service; the impact of any international conflicts or terrorist activities; our ability to quickly and effectively restore operations following adverse weather or a localized disaster or disturbance in a key geography; and other factors which can be found in FedEx Corp.s and its subsidiaries press releases and FedEx Corp.s filings with the SEC. Any forward-looking statement speaks only as of the date on which it is made. We do not undertake or assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. The financial section of this release is provided on the company's website at investors.fedex.com. RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES Second Quarter Fiscal 2021 and Fiscal 2020 Results The company reports its financial results in accordance with accounting principles generally accepted in the United States (GAAP or reported). We have supplemented the reporting of our financial information determined in accordance with GAAP with certain non-GAAP (or adjusted) financial measures, including our adjusted second quarter fiscal 2021 and 2020 consolidated operating income and margin, net income and diluted earnings per share, and adjusted second quarter fiscal 2021 and 2020 FedEx Express segment operating income and margin. These financial measures have been adjusted to exclude the impact of the following items (as applicable): The MTM TNT Express retirement plan accounting adjustment and aircraft impairment charges are excluded from our second quarter fiscal 2021 and 2020 consolidated non-GAAP financial measures and FedEx Express segment non-GAAP financial measures, as applicable, because they are unrelated to our core operating performance and/or to assist investors with assessing trends in our underlying businesses. We have incurred and expect to incur significant expenses through fiscal 2022 in connection with our integration of TNT Express. We have adjusted our second quarter fiscal 2021 and 2020 consolidated and FedEx Express segment financial measures to exclude TNT Express integration expenses because we generally would not incur such expenses as part of our continuing operations. The integration expenses are predominantly incremental costs directly associated with the integration of TNT Express, including professional and legal fees, salaries and employee benefits, travel and advertising expenses. Internal salaries and employee benefits are included only to the extent the individuals are assigned full-time to integration activities. We believe these adjusted financial measures facilitate analysis and comparisons of our ongoing business operations because they exclude items that may not be indicative of, or are unrelated to, the companys and our business segments core operating performance, and may assist investors with comparisons to prior periods and assessing trends in our underlying businesses. These adjustments are consistent with how management views our businesses. Management uses these non-GAAP financial measures in making financial, operating and planning decisions and evaluating the companys and each business segments ongoing performance. Our non-GAAP financial measures are intended to supplement and should be read together with, and are not an alternative or substitute for, and should not be considered superior to, our reported financial results. Accordingly, users of our financial statements should not place undue reliance on these non-GAAP financial measures. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies non-GAAP financial measures having the same or similar names. As required by Securities and Exchange Commission rules, the tables below present a reconciliation of our presented non-GAAP financial measures to the most directly comparable GAAP measures. Second Quarter Fiscal 2021 FedEx Corporation Operating Income Net Diluted Earnings Dollars in millions, except EPS Income Margin1 Taxes2 Income3 Per Share GAAP measure $1,465 7.1% $180 $1,226 $4.55 Mark-to-market TNT Express retirement plan accounting adjustment4 11 41 0.15 TNT Express integration expenses5 48 0.2% 12 36 0.13 Non-GAAP measure $1,513 7.4% $203 $1,303 $4.83 FedEx Express Segment Operating Dollars in millions Income Margin GAAP measure $900 8.7% TNT Express integration expenses 43 0.4% Non-GAAP measure $943 9.1% Second Quarter Fiscal 2020 FedEx Corporation Operating Income Net Diluted Earnings Dollars in millions, except EPS Income Margin1 Taxes2 Income3 Per Share GAAP measure $554 3.2% $12 $560 $2.13 TNT Express integration expenses5 64 0.4% 14 50 0.19 Aircraft impairment charges 66 0.4% 16 50 0.19 Non-GAAP measure $684 3.9% $42 $660 $2.51 FedEx Express Segment Operating Dollars in millions Income Margin1 GAAP measure $236 2.6% TNT Express integration expenses 49 0.5% Aircraft impairment charges 66 0.7% Non-GAAP measure $351 3.9% Notes: 1 Does not sum to total due to rounding. 2 Income taxes are based on the companys approximate statutory tax rates applicable to each transaction. 3 Effect of total other (expense) income on net income amount not shown. 4 The MTM TNT Express retirement plan accounting adjustment reflects a noncash loss associated with amending a TNT Express European pension plan to harmonize retirement benefits. 5 These expenses were recognized at FedEx Corporate and FedEx Express.

edtsum1345

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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, March 29, 2021 /PRNewswire/ -- Bernstein Liebhard LLP announces that the United States District Court for the Central District of California, Western Division has approved the following announcement of a proposed class action settlement that would benefit purchasers of Armstrong Flooring, Inc. common stock (NYSE: AFI): SUMMARY NOTICE OF PENDENCY OF CLASS ACTION, PROPOSED SETTLEMENT, AND MOTION FOR ATTORNEYS' FEES AND EXPENSES To: All persons and entities who or which purchased the common stock of Armstrong Flooring, Inc. ("Armstrong Flooring") on the open market during the period from March 6, 2018 through March 3, 2020, and who were damaged thereby ("Settlement Class"). YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Central District of California, that the Court-appointed Lead Plaintiff, on behalf of himself and all members of the proposed Settlement Class, and Defendant Armstrong Flooring have reached a proposed settlement of the claims in the above-captioned class action (the "Action") in the amount of $3,750,000 (the "Settlement"). A hearing will be held before the Honorable Christina A. Snyder, on July 19, 2021, at 10:00 a.m., in United States District Court for the Central District of California, First Street U.S. Courthouse, 350 W. 1st Street, Courtroom 8D, 8th Floor, Los Angeles, CA 90012 (the "Settlement Hearing") to, among other things, determine whether the Court should: (i) approve the proposed Settlement as fair, reasonable, and adequate; (ii) dismiss the Action with prejudice as provided in the Stipulation and Agreement of Settlement, dated January 15, 2021; (iii) approve the proposed Plan of Allocation for distribution of the settlement funds available for distribution to Settlement Class Members (the "Net Settlement Fund"); and (iv) approve Lead Counsel's Fee and Expense Application. The Court may change the date of the Settlement Hearing, or hold it telephonically, without providing another notice. You do NOT need to attend the Settlement Hearing to receive a distribution from the Net Settlement Fund. IF YOU ARE A MEMBER OF THE SETTLEMENT CLASS, YOUR RIGHTS WILL BE AFFECTED BY THE PROPOSED SETTLEMENT, AND YOU MAY BE ENTITLED TO A MONETARY PAYMENT. You may obtain a Proof of Claim and Release ("Claim Form") and review the Internet Notice of Pendency and Proposed Settlement of Class Action ("Internet Notice") on the website https://www.strategicclaims.net/Armstrong/ or by contacting the Claims Administrator at: Armstrong Flooring, Inc. Securities Litigationc/o Strategic Claims Services600 N. Jackson St., Suite 205P.O. Box 230Media, PA 19063Toll-Free: (866) 274-4004Fax: (610) 565-7985[emailprotected]https://www.strategicclaims.net/Armstrong/ Inquiries, other than requests for the Internet Notice/Claim Form or for information about the status of a claim, may also be made to Lead Counsel: BERNSTEIN LIEBHARD LLP Michael S. Bigin, Esq.10 East 40th StreetNew York, NY 10016212-779-1414[emailprotected] If you are a Settlement Class Member, to be eligible to share in the distribution of the Net Settlement Fund, you must submit a Claim Form postmarked or submitted online no later than June 20, 2021 to the Claims Administrator. If you are a Settlement Class Member and do not timely submit a valid Claim Form, you will not be eligible to share in the distribution of the Net Settlement Fund, but you will nevertheless be bound by all judgments or orders entered by the Court relating to the Settlement, whether favorable or unfavorable. If you are a Settlement Class Member and wish to exclude yourself from the Settlement Class, you must submit a written request for exclusion in accordance with the instructions set forth in the Internet Notice such that it is received no later than June 28, 2021 by the Claims Administrator. If you properly exclude yourself from the Settlement Class, you will not be bound by any judgments or orders entered by the Court relating to the Settlement, whether favorable or unfavorable, and you will not be eligible to share in the distribution of the Net Settlement Fund. Any objections to the proposed Settlement, Lead Counsel's Fee and Expense Application, and/or the proposed Plan of Allocation must be filed with the Court, either by mail or in person, and be mailed to counsel for the Parties in accordance with the instructions in the Internet Notice, such that they are received no later than June 28, 2021. SO ORDERED this 22nd day of February 2021. The Honorable Christina A. SnyderUnited States District Judge SOURCE Bernstein Liebhard LLP Answer:

Bernstein Liebhard LLP Announces Proposed Class Action Settlement on Behalf of Purchasers of Armstrong Flooring, Inc. Common Stock -- AFI

LOS ANGELES, March 29, 2021 /PRNewswire/ -- Bernstein Liebhard LLP announces that the United States District Court for the Central District of California, Western Division has approved the following announcement of a proposed class action settlement that would benefit purchasers of Armstrong Flooring, Inc. common stock (NYSE: AFI): SUMMARY NOTICE OF PENDENCY OF CLASS ACTION, PROPOSED SETTLEMENT, AND MOTION FOR ATTORNEYS' FEES AND EXPENSES To: All persons and entities who or which purchased the common stock of Armstrong Flooring, Inc. ("Armstrong Flooring") on the open market during the period from March 6, 2018 through March 3, 2020, and who were damaged thereby ("Settlement Class"). YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Central District of California, that the Court-appointed Lead Plaintiff, on behalf of himself and all members of the proposed Settlement Class, and Defendant Armstrong Flooring have reached a proposed settlement of the claims in the above-captioned class action (the "Action") in the amount of $3,750,000 (the "Settlement"). A hearing will be held before the Honorable Christina A. Snyder, on July 19, 2021, at 10:00 a.m., in United States District Court for the Central District of California, First Street U.S. Courthouse, 350 W. 1st Street, Courtroom 8D, 8th Floor, Los Angeles, CA 90012 (the "Settlement Hearing") to, among other things, determine whether the Court should: (i) approve the proposed Settlement as fair, reasonable, and adequate; (ii) dismiss the Action with prejudice as provided in the Stipulation and Agreement of Settlement, dated January 15, 2021; (iii) approve the proposed Plan of Allocation for distribution of the settlement funds available for distribution to Settlement Class Members (the "Net Settlement Fund"); and (iv) approve Lead Counsel's Fee and Expense Application. The Court may change the date of the Settlement Hearing, or hold it telephonically, without providing another notice. You do NOT need to attend the Settlement Hearing to receive a distribution from the Net Settlement Fund. IF YOU ARE A MEMBER OF THE SETTLEMENT CLASS, YOUR RIGHTS WILL BE AFFECTED BY THE PROPOSED SETTLEMENT, AND YOU MAY BE ENTITLED TO A MONETARY PAYMENT. You may obtain a Proof of Claim and Release ("Claim Form") and review the Internet Notice of Pendency and Proposed Settlement of Class Action ("Internet Notice") on the website https://www.strategicclaims.net/Armstrong/ or by contacting the Claims Administrator at: Armstrong Flooring, Inc. Securities Litigationc/o Strategic Claims Services600 N. Jackson St., Suite 205P.O. Box 230Media, PA 19063Toll-Free: (866) 274-4004Fax: (610) 565-7985[emailprotected]https://www.strategicclaims.net/Armstrong/ Inquiries, other than requests for the Internet Notice/Claim Form or for information about the status of a claim, may also be made to Lead Counsel: BERNSTEIN LIEBHARD LLP Michael S. Bigin, Esq.10 East 40th StreetNew York, NY 10016212-779-1414[emailprotected] If you are a Settlement Class Member, to be eligible to share in the distribution of the Net Settlement Fund, you must submit a Claim Form postmarked or submitted online no later than June 20, 2021 to the Claims Administrator. If you are a Settlement Class Member and do not timely submit a valid Claim Form, you will not be eligible to share in the distribution of the Net Settlement Fund, but you will nevertheless be bound by all judgments or orders entered by the Court relating to the Settlement, whether favorable or unfavorable. If you are a Settlement Class Member and wish to exclude yourself from the Settlement Class, you must submit a written request for exclusion in accordance with the instructions set forth in the Internet Notice such that it is received no later than June 28, 2021 by the Claims Administrator. If you properly exclude yourself from the Settlement Class, you will not be bound by any judgments or orders entered by the Court relating to the Settlement, whether favorable or unfavorable, and you will not be eligible to share in the distribution of the Net Settlement Fund. Any objections to the proposed Settlement, Lead Counsel's Fee and Expense Application, and/or the proposed Plan of Allocation must be filed with the Court, either by mail or in person, and be mailed to counsel for the Parties in accordance with the instructions in the Internet Notice, such that they are received no later than June 28, 2021. SO ORDERED this 22nd day of February 2021. The Honorable Christina A. SnyderUnited States District Judge SOURCE Bernstein Liebhard LLP

edtsum1349

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: TOKYO--(BUSINESS WIRE)--Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the year ended December 31, 2020. Summary of Consolidated Financial Results (Note 1) Year ended December 31, 2020 Billion Yen % of Revenue Revenue 715.7 100.0 Operating profit 65.1 9.1 Profit attributable to owners of parent 45.6 6.4 Capital expenditures (Note 2) 22.2 Depreciation and others (Note 3) 141.5 R&D expenses (Note 4) 135.1 Yen Exchange rate (USD) 107 Exchange rate (EUR) 121 As of December 31, 2020 Billion Yen Total assets 1,609.0 Total equity 619.7 Equity attributable to owners of parent 616.7 Equity ratio attributable to owners of parent (%) 38.3 Interest-bearing liabilities 693.7 Note 1: All figures are rounded to the nearest 100 million yen. Note 2: Capital expenditures refer to the amount of capital for property, plant and equipment (manufacturing equipment) and intangible assets based on the amount of investment decisions made during the year ended December 31, 2020. From the quarter ended March 31, 2020, capital expenditures include former Integrated Device Technology, Inc. (hereinafter IDT)s investments as well as investments including fixed costs of masks and tools. Note 3: Depreciation and others includes depreciation of property, plant and equipment, amortization of intangible assets and amortization of long-term prepaid expenses in consolidated statements of cash flows. Note 4: R&D expenses includes capitalized R&D expenses recorded as intangible assets. RENESAS ELECTRONICS CORPORATION Consolidated Financial Results for the Year Ended December 31, 2020 English translation from the original Japanese-language document February 10, 2021 Company name : Renesas Electronics Corporation Stock exchanges on which the shares are listed : Tokyo Stock Exchange, First Section Code number : 6723 URL : https://www.renesas.com Representative : Hidetoshi Shibata, Representative Director, President and CEO Contact person : Fujiko Yamaguchi, Vice President, CEO Office Tel. +81 (0)3-6773-3002 Filing date of Yukashoken Hokokusho (scheduled) : March 31, 2021 (Amounts are rounded to the nearest million yen) 1. Consolidated financial results for the year ended December 31, 2020 1.1 Consolidated financial results (% of change from corresponding period of the previous year) Revenue Operating profit Profit (loss) before tax Profit (loss) Profit (loss) attributable to owners of parent Total comprehensive income Million yen % Million yen % Million yen % Million yen % Million yen % Million yen % Year ended December 31, 2020 715,673 (0.4) 65,142 940.1 65,216 --- 45,726 --- 45,626 --- (19,228) --- Year ended December 31, 2019 718,243 (5.1) 6,263 --- (325) --- (6,228) --- (6,317) --- (22,027) --- Basic earning (loss) per share Diluted earnings (loss) per share Net income per equity attributable to owners Profit before tax ratio per net assets Operating profit ratio per revenue Yen Yen % % % Year ended December 31, 2020 26.54 25.97 7.4 4.0 9.1 Year ended December 31, 2019 (3.73) (3.73) (1.0) (0.0) 0.9 1.2 Consolidated financial position Total assets Total equity Equity attributable to owners Ratio of equity attributable to owners Equity attributable to owners per share Million yen Million yen Million yen % Yen December 31, 2020 1,608,985 619,661 616,701 38.3 356.1 December 31, 2019 1,668,148 624,404 621,455 37.3 363.4 1.3 Consolidated cash flows Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents at the end of the year Million yen Million yen Million yen Million yen Year ended December 31, 2020 223,889 (40,163) (104,470) 219,786 Year ended December 31, 2019 201,960 (742,162) 500,466 146,468 2. Cash dividends Cash dividends per share Total dividend during the year Dividends payout ratio (consolidated) Dividends ratio per assets (consolidated) At the end of first quarter At the end of second quarter At the end of third quarter At the end of year Total Yen Yen Yen Yen Yen Year ended December 31, 2019 --- 0.00 --- 0.00 0.00 --- --- --- Year ended December 31, 2020 --- 0.00 --- 0.00 0.00 --- --- --- Year ending December 31, 2021 (forecast) --- --- --- --- --- --- Note: For the year ending December 31, 2021, whether the Group provides dividend payments remains undecided. 3. Forecast of consolidated results for the three months ending March 31, 2021 Non-GAAP Revenue Non-GAAP Gross Margin Non-GAAP Operating Margin Million yen % % %pts % %pts Three months ending March 31, 2021 197,000 to 205,000 10.2 to 14.7 48.5 1.2 22.0 3.2 Note 1: The Group reports its consolidated forecast on a quarterly basis (cumulative quarters) as substitute for a yearly forecast in a range format. For details, please refer to Appendix 1.4. Consolidated Forecasts page 6. Note 2: Non-GAAP figures are calculated by removing or adjusting non-recurring items and other adjustments from GAAP figures following a certain set of rules. The Group believes non-GAAP measures provide useful information in understanding and evaluating the Groups constant business results, and therefore forecasts are provided on a non-GAAP basis. 4. Others 4.1 Changes in significant subsidiaries for the year ended December 31, 2020: Yes (Changes in specified subsidiaries resulting in changes in scope of consolidation) Exclusion: 2 (Company name) Renesas Electronics America Inc., IDT Singapore Pte. Ltd. Renesas Electronics America Inc. which was a specified subsidiary of the Group has been excluded from the scope of consolidation upon merger into IDT on January 1, 2020. IDT took an absorption-type merger with Renesas Electronics America Inc. and changed the trade name to Renesas Electronics America Inc. 4.2 Changes in Accounting Policies, Changes in Accounting Estimates and Corrections of Prior Period Errors 1. Changes in accounting policies with revision of accounting standard: No 2. Changes in accounting policies except for 4.2.1: Yes 3. Changes in accounting estimates: No (Note) For details, please refer to page 14. 4.3 Number of shares issued and outstanding (common stock) 1. Number of shares issued and outstanding (including treasury stock) As of December 31, 2020: 1,731,898,990 shares As of December 31, 2019: 1,710,276,790 shares 2. Number of treasury stock As of December 31, 2020: 2,581 shares As of December 31, 2019: 2,581 shares 3. Average number of shares issued and outstanding Year ended December 31, 2020: 1,719,344,659 shares Year ended December 31, 2019: 1,694,150,509 shares (Reference) Non-consolidated results for the year ended December 31, 2020 Non-consolidated financial results Net sales Operating income Ordinary income Net income Million yen % Million yen % Million yen % Million yen % Year ended December 31, 2020 563,908 1.7 49,447 46.2 52,843 223.2 47,458 178.7 Year ended December 31, 2019 554,313 (12.2) 33,822 (53.8) 16,349 (76.3) 17,029 (65.4) Net income per share: basic Net income per share: diluted Yen Yen December 31, 2020 27.60 27.01 December 31, 2019 10.05 9.90 Non-consolidated financial position Total assets Net assets Equity ratio Net assets per share Million yen Million yen % Yen December 31, 2020 December 31, 2019 1,628,721 1,614,467 566,100 505,219 33.8 30.3 317.65 286.02 Reference: Equity at the end of the year ended December 31, 2020: 550,141 million yen Equity at the end of the year ended December 31, 2019: 489,167 million yen (Note) Information regarding the implementation of audit procedures. These financial results are not subject to audit review procedures. Cautionary Statement The Group will hold an earnings conference for institutional investors and analysts on February 10, 2021. The Group plans to post the materials which are provided at the meeting, on the Groups website on that day. The statements with respect to the financial outlook of Renesas Electronics Corporation (hereinafter the Company) and its consolidated subsidiaries (hereinafter the Group) are forward-looking statements involving risks and uncertainties. We caution you in advance that actual results may differ materially from such forward-looking statements due to changes in several important factors. Forward-Looking Statements The statements in this press release with respect to the plans, strategies and financial outlook of Renesas Electronics Corporation and its consolidated subsidiaries (collectively we) are forward-looking statements involving risks and uncertainties. We caution you in advance that actual results may differ materially from such forward-looking statements due to several important factors including, but not limited to, general economic conditions in our markets, which are primarily Japan, North America, Asia, and Europe; demand for, and competitive pricing pressure on, products and services in the marketplace; ability to continue to win acceptance of products and services in these highly competitive markets; and fluctuations in currency exchange rates, particularly between the yen and the U.S. dollar. Among other factors, downturn of the world economy; deteriorating financial conditions in world markets, or deterioration in domestic and overseas stock markets, may cause actual results to differ from the projected results forecast. About Renesas Electronics Corporation Renesas Electronics Corporation (TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and livesecurely and safely. A global leader in microcontrollers, analog, power, and SoC products and integrated platforms, Renesas provides the expertise, quality, and comprehensive solutions for a broad range of Automotive, Industrial, Home Electronics, Office Automation and Information Communication Technology applications to help shape a limitless future. Learn more at renesas.com. Answer:

Renesas Electronics Reports Financial Results for the Year Ended December 31, 2020

TOKYO--(BUSINESS WIRE)--Renesas Electronics Corporation (TSE:6723) today announced consolidated financial results in accordance with IFRS for the year ended December 31, 2020. Summary of Consolidated Financial Results (Note 1) Year ended December 31, 2020 Billion Yen % of Revenue Revenue 715.7 100.0 Operating profit 65.1 9.1 Profit attributable to owners of parent 45.6 6.4 Capital expenditures (Note 2) 22.2 Depreciation and others (Note 3) 141.5 R&D expenses (Note 4) 135.1 Yen Exchange rate (USD) 107 Exchange rate (EUR) 121 As of December 31, 2020 Billion Yen Total assets 1,609.0 Total equity 619.7 Equity attributable to owners of parent 616.7 Equity ratio attributable to owners of parent (%) 38.3 Interest-bearing liabilities 693.7 Note 1: All figures are rounded to the nearest 100 million yen. Note 2: Capital expenditures refer to the amount of capital for property, plant and equipment (manufacturing equipment) and intangible assets based on the amount of investment decisions made during the year ended December 31, 2020. From the quarter ended March 31, 2020, capital expenditures include former Integrated Device Technology, Inc. (hereinafter IDT)s investments as well as investments including fixed costs of masks and tools. Note 3: Depreciation and others includes depreciation of property, plant and equipment, amortization of intangible assets and amortization of long-term prepaid expenses in consolidated statements of cash flows. Note 4: R&D expenses includes capitalized R&D expenses recorded as intangible assets. RENESAS ELECTRONICS CORPORATION Consolidated Financial Results for the Year Ended December 31, 2020 English translation from the original Japanese-language document February 10, 2021 Company name : Renesas Electronics Corporation Stock exchanges on which the shares are listed : Tokyo Stock Exchange, First Section Code number : 6723 URL : https://www.renesas.com Representative : Hidetoshi Shibata, Representative Director, President and CEO Contact person : Fujiko Yamaguchi, Vice President, CEO Office Tel. +81 (0)3-6773-3002 Filing date of Yukashoken Hokokusho (scheduled) : March 31, 2021 (Amounts are rounded to the nearest million yen) 1. Consolidated financial results for the year ended December 31, 2020 1.1 Consolidated financial results (% of change from corresponding period of the previous year) Revenue Operating profit Profit (loss) before tax Profit (loss) Profit (loss) attributable to owners of parent Total comprehensive income Million yen % Million yen % Million yen % Million yen % Million yen % Million yen % Year ended December 31, 2020 715,673 (0.4) 65,142 940.1 65,216 --- 45,726 --- 45,626 --- (19,228) --- Year ended December 31, 2019 718,243 (5.1) 6,263 --- (325) --- (6,228) --- (6,317) --- (22,027) --- Basic earning (loss) per share Diluted earnings (loss) per share Net income per equity attributable to owners Profit before tax ratio per net assets Operating profit ratio per revenue Yen Yen % % % Year ended December 31, 2020 26.54 25.97 7.4 4.0 9.1 Year ended December 31, 2019 (3.73) (3.73) (1.0) (0.0) 0.9 1.2 Consolidated financial position Total assets Total equity Equity attributable to owners Ratio of equity attributable to owners Equity attributable to owners per share Million yen Million yen Million yen % Yen December 31, 2020 1,608,985 619,661 616,701 38.3 356.1 December 31, 2019 1,668,148 624,404 621,455 37.3 363.4 1.3 Consolidated cash flows Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents at the end of the year Million yen Million yen Million yen Million yen Year ended December 31, 2020 223,889 (40,163) (104,470) 219,786 Year ended December 31, 2019 201,960 (742,162) 500,466 146,468 2. Cash dividends Cash dividends per share Total dividend during the year Dividends payout ratio (consolidated) Dividends ratio per assets (consolidated) At the end of first quarter At the end of second quarter At the end of third quarter At the end of year Total Yen Yen Yen Yen Yen Year ended December 31, 2019 --- 0.00 --- 0.00 0.00 --- --- --- Year ended December 31, 2020 --- 0.00 --- 0.00 0.00 --- --- --- Year ending December 31, 2021 (forecast) --- --- --- --- --- --- Note: For the year ending December 31, 2021, whether the Group provides dividend payments remains undecided. 3. Forecast of consolidated results for the three months ending March 31, 2021 Non-GAAP Revenue Non-GAAP Gross Margin Non-GAAP Operating Margin Million yen % % %pts % %pts Three months ending March 31, 2021 197,000 to 205,000 10.2 to 14.7 48.5 1.2 22.0 3.2 Note 1: The Group reports its consolidated forecast on a quarterly basis (cumulative quarters) as substitute for a yearly forecast in a range format. For details, please refer to Appendix 1.4. Consolidated Forecasts page 6. Note 2: Non-GAAP figures are calculated by removing or adjusting non-recurring items and other adjustments from GAAP figures following a certain set of rules. The Group believes non-GAAP measures provide useful information in understanding and evaluating the Groups constant business results, and therefore forecasts are provided on a non-GAAP basis. 4. Others 4.1 Changes in significant subsidiaries for the year ended December 31, 2020: Yes (Changes in specified subsidiaries resulting in changes in scope of consolidation) Exclusion: 2 (Company name) Renesas Electronics America Inc., IDT Singapore Pte. Ltd. Renesas Electronics America Inc. which was a specified subsidiary of the Group has been excluded from the scope of consolidation upon merger into IDT on January 1, 2020. IDT took an absorption-type merger with Renesas Electronics America Inc. and changed the trade name to Renesas Electronics America Inc. 4.2 Changes in Accounting Policies, Changes in Accounting Estimates and Corrections of Prior Period Errors 1. Changes in accounting policies with revision of accounting standard: No 2. Changes in accounting policies except for 4.2.1: Yes 3. Changes in accounting estimates: No (Note) For details, please refer to page 14. 4.3 Number of shares issued and outstanding (common stock) 1. Number of shares issued and outstanding (including treasury stock) As of December 31, 2020: 1,731,898,990 shares As of December 31, 2019: 1,710,276,790 shares 2. Number of treasury stock As of December 31, 2020: 2,581 shares As of December 31, 2019: 2,581 shares 3. Average number of shares issued and outstanding Year ended December 31, 2020: 1,719,344,659 shares Year ended December 31, 2019: 1,694,150,509 shares (Reference) Non-consolidated results for the year ended December 31, 2020 Non-consolidated financial results Net sales Operating income Ordinary income Net income Million yen % Million yen % Million yen % Million yen % Year ended December 31, 2020 563,908 1.7 49,447 46.2 52,843 223.2 47,458 178.7 Year ended December 31, 2019 554,313 (12.2) 33,822 (53.8) 16,349 (76.3) 17,029 (65.4) Net income per share: basic Net income per share: diluted Yen Yen December 31, 2020 27.60 27.01 December 31, 2019 10.05 9.90 Non-consolidated financial position Total assets Net assets Equity ratio Net assets per share Million yen Million yen % Yen December 31, 2020 December 31, 2019 1,628,721 1,614,467 566,100 505,219 33.8 30.3 317.65 286.02 Reference: Equity at the end of the year ended December 31, 2020: 550,141 million yen Equity at the end of the year ended December 31, 2019: 489,167 million yen (Note) Information regarding the implementation of audit procedures. These financial results are not subject to audit review procedures. Cautionary Statement The Group will hold an earnings conference for institutional investors and analysts on February 10, 2021. The Group plans to post the materials which are provided at the meeting, on the Groups website on that day. The statements with respect to the financial outlook of Renesas Electronics Corporation (hereinafter the Company) and its consolidated subsidiaries (hereinafter the Group) are forward-looking statements involving risks and uncertainties. We caution you in advance that actual results may differ materially from such forward-looking statements due to changes in several important factors. Forward-Looking Statements The statements in this press release with respect to the plans, strategies and financial outlook of Renesas Electronics Corporation and its consolidated subsidiaries (collectively we) are forward-looking statements involving risks and uncertainties. We caution you in advance that actual results may differ materially from such forward-looking statements due to several important factors including, but not limited to, general economic conditions in our markets, which are primarily Japan, North America, Asia, and Europe; demand for, and competitive pricing pressure on, products and services in the marketplace; ability to continue to win acceptance of products and services in these highly competitive markets; and fluctuations in currency exchange rates, particularly between the yen and the U.S. dollar. Among other factors, downturn of the world economy; deteriorating financial conditions in world markets, or deterioration in domestic and overseas stock markets, may cause actual results to differ from the projected results forecast. About Renesas Electronics Corporation Renesas Electronics Corporation (TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and livesecurely and safely. A global leader in microcontrollers, analog, power, and SoC products and integrated platforms, Renesas provides the expertise, quality, and comprehensive solutions for a broad range of Automotive, Industrial, Home Electronics, Office Automation and Information Communication Technology applications to help shape a limitless future. Learn more at renesas.com.

edtsum1350

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: DUBLIN, April 30, 2020 /PRNewswire/ -- The "Soaps World Report & Database" report has been added to ResearchAndMarkets.com's offering. The Soaps World Report & Database gives Market Consumption / Products / Services for over 200 countries by each Product by 3 Time series: From 1997-2020 and Forecasts 2021-2028 & 2028-2046. Spreadsheet Chapters include: Market Consumption - in US$ by Country by Product/Service by Year. Market, Financial, Competitive, Market Segmentation, Industry, Critical Parameters, Marketing Costs, Markets, Decision Makers, Performance, Product Launch. The report is made up of the following: World & Country Data Market Databases & Spreadsheets Financial Databases & Spreadsheets Industry Databases & Spreadsheets Data includes Market Consumption by individual Product / Service, Per-Capita Consumption, Marketing Costs & Margins, Product Launch Data, Buyers, End Users & Customer Profile, Consumer Demographics. Historic Balance Sheets, Forecast Financial Data, Industry Profile, National Data. The World Report + Database will contain about 21,000 files, including: 1. World Summary Report (PDF) of about 832 pages2. World Summary Report (Word Format) of about 832 pages3. Executive Summary (.htm) about 900 pages4. Executive Briefing (.htm) about 90 pages5. Data Pages about 2065 pages6. Chapters and General (.htm) Pages: about 9,000 pages7. Reference documents (PDF): 1408. Templates which can be used to produce internal reports or documents (Word): 1609. Excel spreadsheet: about 968810. 4 Access databases: about 9723 tables11. Excel templates, Software tools & utilities, and reference documents: 200 documents12. Maps & Diagrams: 577 PRODUCTS & MARKETS COVERED SOAPS1.Soaps2.Saddle soaps3.Soap bars, individually wrapped, for hotels4.Soap creams5.Soap flakes & powder6.Soap pastes7.Soaps for dry-cleaning8.Soaps for laundries9.Soaps for leather gloves10.Soaps for metal cleaning11.Soaps for textile bleachers, dyers & finishers12.Soaps for textiles & textile printing13.Soaps for the silk industry14.Soaps in sheet form15.Soaps, abrasive16.Soaps, Aleppo17.Soaps, ammonia18.Soaps, antiseptic, medicated, surgical19.Soaps, boric acid & derivatives20.Soaps, buttermilk21.Soaps, castille22.Soaps, castor oil23.Soaps, coconut oil24.Soaps, creosol25.Soaps, creosote/tar oil26.Soaps, cyclohexanol27.Soaps, glycerine/glycerol28.Soaps, handmade29.Soaps, hard, industrial use30.Soaps, household31.Soaps, liquid32.Soaps, marine33.Soaps, marseille34.Soaps, oatmeal35.Soaps, olive oil36.Soaps, palm oil37.Soaps, potassium38.Soaps, resin free39.Soaps, rosin40.Soaps, salicylate41.Soaps, seed oil42.Soaps, solvent43.Soaps, spirit44.Soaps, sulphur45.Soaps, superfatted46.Soaps, turpentine47.Soaps, vegetable fat based48.Soaps, wire drawing49.Stearate gels50.Tannery soaps51.Soaps, NSK 59 MARKET RESEARCH CHAPTERS 1 Administration2 Advertising3 Buyers - Commercial Operations4 Buyers - Competitors5 Buyers - Major City6 Buyers - Products7 Buyers - Trade Cell8 Competitive Industry Analysis9 Competitor Analysis10 Country Focus11 Distribution12 Business Decision Scenarios13 Capital Costs Scenarios14 Cashflow Option Scenarios15 Cost Structure Scenarios16 Historic Industry Balance Sheet17 Historic Marketing Costs & Margins18 Investment + Cost Reduction Scenarios19 Market Climate Scenarios20 Marketing Costs21 Marketing Expenditure Scenarios22 Marketing Margins23 Strategic Options Scenarios24 Survival Scenarios25 Tactical Options Scenarios26 Geographic Data27 Industry Norms28 Major City Market Analysis29 Capital Access Scenarios30 Market Cashflow Scenarios31 Economic Climate Scenarios32 Market Investment + Costs Scenarios33 Marketing Expenditure Scenarios34 Market Risk Scenarios35 Market Strategic Options36 Market Survival Options37 Market Tactical Options38 Marketing Expenditure -v- Market Share39 Marketing Strategy Development40 Markets41 Operational Analysis42 Overseas Development43 Personnel Management44 Physical Distribution + Customer Handling45 Pricing46 Process + Order Handling47 Product Analysis48 Product Development49 Product Marketing Factors50 Product Mix51 Product Summary52 Profit Risk Scenarios53 Promotional Mix54 Salesforce Decisions55 Sales Promotion56 Surveys57 Targets -Product + Market58 Technology59 Trade Cell Analysis. SPREADSHEET CHAPTERS 1. PRODUCT CONSUMPTION - in US$ by Country by Product/Service by Year: From 2007, Forecast to 2028 & 2046. Market, Financial, Competitive, Market Segmentation, Industry, Critical Parameters, Marketing Costs, Markets, Decision Makers, Performance, Product Launch.2. WORLD, REGIONAL & NATIONAL REPORT MARKET DATABASE & SPREADSHEETS: 1332 World Database tables & Spreadsheets covering business scenarios. 1435 World Database tables & Spreadsheets covering Markets, Market Forecast, Financial Forecast, Financial Margins, Historic Financial, Historic Costs, Industry Norms for each country.3. FINANCIAL SPREADSHEETS & DATABASES: 188 Balance Sheet, Financial Margins & Ratios for each of 103 Business Scenarios - by Country by Year - From 2007, Forecast to 2028 & 2046. 4. INDUSTRY SPREADSHEETS & DATABASES: 820 Database tables & Spreadsheets covering Historic Industry Balance Sheet Data, Forecast Industry Financial Data, Industry Profiles & Norms - by Country by Year - From 2007, Forecast to 2028 & 2046. 5. NATIONAL DATA - by Country by Year. The report and database is supplied as a Zip file containing the reports and databases. Readers can access & reproduce the information for their own documents or reports. Tables & databases as Access & Excel formats enable readers to produce their own spreadsheet calculations and modelling. 52 Products covered for over 200 Countries: 2065 pages, 9688 spreadsheets, 9723 database tables, 577 diagrams & maps. This database is updated monthly. 12 months Full After-Sales Services & Updates available from the publishers. For more information about this report visit https://www.researchandmarkets.com/r/mbz2f2 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1904 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com Answer:

The World Market of Soaps 2020: Consumption, Product & Service Data for 200+ Countries Through 1997-2046

DUBLIN, April 30, 2020 /PRNewswire/ -- The "Soaps World Report & Database" report has been added to ResearchAndMarkets.com's offering. The Soaps World Report & Database gives Market Consumption / Products / Services for over 200 countries by each Product by 3 Time series: From 1997-2020 and Forecasts 2021-2028 & 2028-2046. Spreadsheet Chapters include: Market Consumption - in US$ by Country by Product/Service by Year. Market, Financial, Competitive, Market Segmentation, Industry, Critical Parameters, Marketing Costs, Markets, Decision Makers, Performance, Product Launch. The report is made up of the following: World & Country Data Market Databases & Spreadsheets Financial Databases & Spreadsheets Industry Databases & Spreadsheets Data includes Market Consumption by individual Product / Service, Per-Capita Consumption, Marketing Costs & Margins, Product Launch Data, Buyers, End Users & Customer Profile, Consumer Demographics. Historic Balance Sheets, Forecast Financial Data, Industry Profile, National Data. The World Report + Database will contain about 21,000 files, including: 1. World Summary Report (PDF) of about 832 pages2. World Summary Report (Word Format) of about 832 pages3. Executive Summary (.htm) about 900 pages4. Executive Briefing (.htm) about 90 pages5. Data Pages about 2065 pages6. Chapters and General (.htm) Pages: about 9,000 pages7. Reference documents (PDF): 1408. Templates which can be used to produce internal reports or documents (Word): 1609. Excel spreadsheet: about 968810. 4 Access databases: about 9723 tables11. Excel templates, Software tools & utilities, and reference documents: 200 documents12. Maps & Diagrams: 577 PRODUCTS & MARKETS COVERED SOAPS1.Soaps2.Saddle soaps3.Soap bars, individually wrapped, for hotels4.Soap creams5.Soap flakes & powder6.Soap pastes7.Soaps for dry-cleaning8.Soaps for laundries9.Soaps for leather gloves10.Soaps for metal cleaning11.Soaps for textile bleachers, dyers & finishers12.Soaps for textiles & textile printing13.Soaps for the silk industry14.Soaps in sheet form15.Soaps, abrasive16.Soaps, Aleppo17.Soaps, ammonia18.Soaps, antiseptic, medicated, surgical19.Soaps, boric acid & derivatives20.Soaps, buttermilk21.Soaps, castille22.Soaps, castor oil23.Soaps, coconut oil24.Soaps, creosol25.Soaps, creosote/tar oil26.Soaps, cyclohexanol27.Soaps, glycerine/glycerol28.Soaps, handmade29.Soaps, hard, industrial use30.Soaps, household31.Soaps, liquid32.Soaps, marine33.Soaps, marseille34.Soaps, oatmeal35.Soaps, olive oil36.Soaps, palm oil37.Soaps, potassium38.Soaps, resin free39.Soaps, rosin40.Soaps, salicylate41.Soaps, seed oil42.Soaps, solvent43.Soaps, spirit44.Soaps, sulphur45.Soaps, superfatted46.Soaps, turpentine47.Soaps, vegetable fat based48.Soaps, wire drawing49.Stearate gels50.Tannery soaps51.Soaps, NSK 59 MARKET RESEARCH CHAPTERS 1 Administration2 Advertising3 Buyers - Commercial Operations4 Buyers - Competitors5 Buyers - Major City6 Buyers - Products7 Buyers - Trade Cell8 Competitive Industry Analysis9 Competitor Analysis10 Country Focus11 Distribution12 Business Decision Scenarios13 Capital Costs Scenarios14 Cashflow Option Scenarios15 Cost Structure Scenarios16 Historic Industry Balance Sheet17 Historic Marketing Costs & Margins18 Investment + Cost Reduction Scenarios19 Market Climate Scenarios20 Marketing Costs21 Marketing Expenditure Scenarios22 Marketing Margins23 Strategic Options Scenarios24 Survival Scenarios25 Tactical Options Scenarios26 Geographic Data27 Industry Norms28 Major City Market Analysis29 Capital Access Scenarios30 Market Cashflow Scenarios31 Economic Climate Scenarios32 Market Investment + Costs Scenarios33 Marketing Expenditure Scenarios34 Market Risk Scenarios35 Market Strategic Options36 Market Survival Options37 Market Tactical Options38 Marketing Expenditure -v- Market Share39 Marketing Strategy Development40 Markets41 Operational Analysis42 Overseas Development43 Personnel Management44 Physical Distribution + Customer Handling45 Pricing46 Process + Order Handling47 Product Analysis48 Product Development49 Product Marketing Factors50 Product Mix51 Product Summary52 Profit Risk Scenarios53 Promotional Mix54 Salesforce Decisions55 Sales Promotion56 Surveys57 Targets -Product + Market58 Technology59 Trade Cell Analysis. SPREADSHEET CHAPTERS 1. PRODUCT CONSUMPTION - in US$ by Country by Product/Service by Year: From 2007, Forecast to 2028 & 2046. Market, Financial, Competitive, Market Segmentation, Industry, Critical Parameters, Marketing Costs, Markets, Decision Makers, Performance, Product Launch.2. WORLD, REGIONAL & NATIONAL REPORT MARKET DATABASE & SPREADSHEETS: 1332 World Database tables & Spreadsheets covering business scenarios. 1435 World Database tables & Spreadsheets covering Markets, Market Forecast, Financial Forecast, Financial Margins, Historic Financial, Historic Costs, Industry Norms for each country.3. FINANCIAL SPREADSHEETS & DATABASES: 188 Balance Sheet, Financial Margins & Ratios for each of 103 Business Scenarios - by Country by Year - From 2007, Forecast to 2028 & 2046. 4. INDUSTRY SPREADSHEETS & DATABASES: 820 Database tables & Spreadsheets covering Historic Industry Balance Sheet Data, Forecast Industry Financial Data, Industry Profiles & Norms - by Country by Year - From 2007, Forecast to 2028 & 2046. 5. NATIONAL DATA - by Country by Year. The report and database is supplied as a Zip file containing the reports and databases. Readers can access & reproduce the information for their own documents or reports. Tables & databases as Access & Excel formats enable readers to produce their own spreadsheet calculations and modelling. 52 Products covered for over 200 Countries: 2065 pages, 9688 spreadsheets, 9723 database tables, 577 diagrams & maps. This database is updated monthly. 12 months Full After-Sales Services & Updates available from the publishers. For more information about this report visit https://www.researchandmarkets.com/r/mbz2f2 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets Laura Wood, Senior Manager [emailprotected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1904 Fax (outside U.S.): +353-1-481-1716 SOURCE Research and Markets Related Links http://www.researchandmarkets.com

edtsum1351

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: HOUSTON, June 3, 2020 /PRNewswire/ --Luby's, Inc. (NYSE: LUB) ("Luby's") today announced unaudited financial results for its twelve-week second quarter fiscal 2020 ended March 11, 2020, referred to as "second quarter." Comparisons in this earnings release are for the second quarter compared to the twelve-week second quarter fiscal 2019. Same-Store Sales Year-over-Year Comparison: Q12020 Q22020 YTD Q22020 Luby's Cafeterias 1.7% 1.3 % 1.5 % Fuddruckers 0.1% 0.4 % 0.2 % Combo locations (1) 6.6% 6.8 % 6.7 % Cheeseburger in Paradise (1.0)% 9.4 % 3.2 % Total same-store sales (2) 1.7% 1.6 % 1.7 % (1) Combo locations consist of a side-by-side Luby's Cafeteria and Fuddruckers Restaurant at one property location. (2) Luby's includes a restaurant's sales results into the same-store sales calculation in the quarter after that store has been open for six complete consecutive quarters. In the second quarter, there were 72 Luby's Cafeterias locations, 33 Fuddruckers locations, all six Combo locations, and one Cheeseburger in Paradise location that met the definition of same-stores. Second Quarter Restaurant Sales: ($ thousands) Restaurant Brand Q22020 Q22019 Change($) Change(%) Luby's Cafeterias $ 43,302 $ 44,266 $ (964) (2.2) % Combo locations 4,653 4,355 298 6.8 % Luby's cafeteria segment 47,955 48,621 (666) (1.4) % Fuddruckers restaurants segment 11,789 16,156 (4,367) (27.0) % Cheeseburger in Paradise segment 647 592 55 9.3 % Total Restaurant Sales $ 60,391 $ 65,369 $ (4,978) (7.6) % Note: Luby's Cafeterias store count reduced from 76 at Q2 2019 start to 72 at Q2 2020 end; Fuddruckers store count reduced from 51 at Q2 2019 start to 33 at Q2 2020 end; Combo location count at six (12 restaurants) at Q2 2019 start and at Q2 2020 end; Cheeseburger in Paradise store count at one at Q2 2019 and at Q2 2020 end. Restaurant Counts: August 28,2019 FY20 YTDQ2Openings FY20 YTDQ2Closings March 11,2020 Luby's Cafeterias(1) 79 (1) 78 Fuddruckers Restaurants(1) 44 (5) 39 Cheeseburger in Paradise 1 1 Total 124 (6) 118 (1) Includes 6 restaurants that are part of Combo locations Comments related to COVID-19: After the end of our fiscal second quarter, the spread of the COVID-19 pandemic has affected the United States economy, our operations and those of third parties on which we rely. Beginning on March 17, 2020, we began suspending on-premise dining at our restaurants andsubstantially all employees at those locations were placed on furlough. By March31, 2020 we had suspended on-premise dining at all 118 of our company-owned restaurants and had suspended all operations at 50 of our Luby's Cafeteria's, 36 company-owned Fuddruckers restaurants and our one Cheeseburger in Paradise restaurant. The 28 Luby's Cafeteria's and 3 Fuddruckers restaurants that remained open were providing take-out, drive-through and curbside pickup, or delivery with reduced operating hours and on-site staff. In addition, more than 50 percent of our general and administrative staff were placed on furlough and salaries were temporarily reduced by 50 percent for the remaining general and administrative staff and other salaried employees, including all senior management. Furthermore, our franchise owners suspended operations or moved to limited food-to-go operations at their locations, reducing the number of franchise locations in operation to 37 by early April 2020 from 90 prior to the COVID-19 pandemic. Beginning in May 2020, we began to gradually reopen the dining rooms with state-mandated limits on guest capacity at the 28 Luby's locations and 3Fuddruckers locations that had been previously operating with food-to-go service only. We also began to reopen restaurants that were temporarily closed. As of the date of this release, there were 31 Luby's Cafeteria's and8 Fuddruckers restaurants operating, all of which had their dining rooms open at limited capacity; these restaurants were operating at approximately 75% of their pre-pandemic weekly sales levels. Additionally, there were 59 franchise locations in operation as of the date of this release. The full extent and duration of the impact of the COVID-19 pandemic on our operations and financial performance is currently unknown, and depends on future developments that are uncertain and unpredictable, including the duration of the spread of the pandemic, its impact of capital and financial markets on a macro-scale and any new information that may emerge concerning the severity of the virus, its spread to other regions, the actions to contain the virus or treat its impact, and consumer attitudes and behaviors, among others. In response to the changed operating environment from the COVID-19 pandemic, we took the following actions to minimize the financial impact and preserve the prospects for emerging from this unprecedented period. We revamped restaurant operations to generate cost efficiencies resulting in higher restaurant operating margins even if sales levels do not return to pre-COVID-19 pandemic levels. As the restaurants adapted to the new operating environment, a lower cost labor model was deployed, food costs declined as menu offerings were concentrated among the historically top selling items, and various restaurant service and supplier costs were reevaluated. We began restructuring corporate overhead earlier in calendar 2020 prior to the pandemic, including a transition to a 3rd party provider for certain accounting and payroll function. Significant further restructuring took place in April and May of 2020, as we reviewed all corporate service providers, information technology needs, and personnel requirements to support a reduced level of operations going forward. We obtained a $10.0 million "Payroll Protection Program" loan under the Coronavirus Aid, Relief and Economic Security Act which was necessary for funding continuing operations. We believe that a portion of the loan will be eligible for forgiveness; however, that amount cannot currently be calculated. We continued efforts to close real estate sales transactions with anticipated aggregate sales proceeds in excess of $20.0 million prior to the end of fiscal 2020. In addition, the Company has identified other real estate properties that may be sold to generate funds for ongoing operations. About Luby's Luby's, Inc. (NYSE: LUB) operates 118 restaurants nationally as of March11, 2020: 78 Luby's Cafeterias, 39 Fuddruckers, one Cheeseburger in Paradise restaurants. Luby's is the franchisor for 90 Fuddruckers franchise locations across the United States (including Puerto Rico), Canada, Mexico, Colombia, and Panama. Luby's Culinary Contract Services provides food service management to 28 sites consisting of healthcare, corporate dining locations, sports stadiums, and sales through retail grocery stores. This press release contains statements that 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. All statements contained in this press release, other than statements of historical fact, are "forward-looking statements" for purposes of these provisions, including the statements under the caption "Outlook" and any other statements regarding scheduled openings of units, scheduled closures of units, sales of assets, expected proceeds from the sale of assets, expected levels of capital expenditures, effects of food commodity costs, anticipated financial results in future periods and expectations of industry conditions. Luby's cautions readers that various factors could cause its actual financial and operational results to differ materially from those indicated by forward-looking statements made from time-to-time in news releases, reports, proxy statements, registration statements, and other written communications, as well as oral statements made from time to time by representatives of Luby's. The following factors, as well as any other cautionary language included in this press release, provide examples of risks, uncertainties and events that may cause Luby's actual results to differ materially from the expectations Luby's describes in such forward-looking statements: general business and economic conditions; the impact of competition; our operating initiatives; fluctuations in the costs of commodities, including beef, poultry, seafood, dairy, cheese and produce; increases in utility costs, including the costs of natural gas and other energy supplies; changes in the availability and cost of labor; the seasonality of Luby's business; changes in governmental regulations, including changes in minimum wages; the effects of inflation; the availability of credit; unfavorable publicity relating to operations, including publicity concerning food quality, illness or other health concerns or labor relations; the continued service of key management personnel; and other risks and uncertainties disclosed in Luby's annual reports on Form 10-K and quarterly reports on Form 10-Q. For additional information contact: Dennard-Lascar Investor Relations Rick Black / Ken Dennard Investor Relations 713-529-6600 Luby's, Inc. Consolidated Statements of Operations (unaudited) (In thousands, except per share data) Quarter Ended Two Quarters Ended March 11, 2020 March 13, 2019 March 11, 2020 March 13, 2019 (12 weeks) (12 weeks) (28 weeks) (28 weeks) SALES: Restaurant sales $ 60,391 $ 65,369 $ 143,949 $ 156,468 Culinary contract services 6,998 7,543 16,772 17,039 Franchise revenue 1,158 1,421 2,865 3,644 Vending revenue 14 90 124 190 TOTAL SALES 68,561 74,423 163,710 177,341 COSTS AND EXPENSES: Cost of food 17,399 18,145 41,341 43,226 Payroll and related costs 23,782 24,730 55,915 59,244 Other operating expenses 10,065 11,412 24,860 27,914 Occupancy costs 3,783 4,166 8,773 10,041 Opening costs 2 11 14 44 Cost of culinary contract services 6,400 6,717 15,348 15,532 Cost of franchise operations 409 247 974 519 Depreciation and amortization 2,677 3,222 6,440 8,126 Selling, general and administrative expenses 6,816 7,753 16,974 17,763 Other Charges 1,509 1,263 2,748 2,477 Provision for asset impairments and restaurant closings 661 1,195 1,770 2,422 Net gain on disposition of property and equipment (2,527) (12,651) (2,498) (12,501) Total costs and expenses 70,976 66,210 172,659 174,807 INCOME (LOSS) FROM OPERATIONS (2,415) 8,213 (8,949) 2,534 Interest income 5 19 28 19 Interest expense (1,473) (1,554) (3,435) (3,269) Other income, net 148 55 388 86 Income (loss) before income taxes and discontinued operations (3,735) 6,733 (11,968) (630) Provision for income taxes 62 93 156 213 Income (loss) from continuing operations (3,797) 6,640 (12,124) (843) Loss from discontinued operations, net of income taxes (6) (8) (17) (13) NET INCOME (LOSS) $ (3,803) $ 6,632 $ (12,141) $ (856) Income (loss) per share from continuing operations: Basic $ (0.13) $ 0.22 $ (0.40) $ (0.03) Assuming dilution $ (0.13) $ 0.22 $ (0.40) $ (0.03) Loss per share from discontinued operations: Basic $ 0.00 $ 0.00 $ 0.00 $ 0.00 Assuming dilution $ 0.00 $ 0.00 $ 0.00 $ 0.00 Net income (loss) per share: Basic $ (0.13) $ 0.22 $ (0.40) $ (0.03) Assuming dilution $ (0.13) $ 0.22 $ (0.40) $ (0.03) Weighted average shares outstanding: Basic 30,215 29,769 30,123 29,671 Assuming dilution 30,215 29,799 30,123 29,671 The following table contains information derived from the Company's Consolidated Statements of Operations expressed as a percentage of sales. Percentages may not total due to rounding. Quarter Ended Two Quarters Ended March 11, 2020 March 13, 2019 March 11, 2020 March 13, 2019 (12 weeks) (12 weeks) (28 weeks) (28 weeks) Restaurant sales 88.1 % 87.8 % 87.9 % 88.2 % Culinary contract services 10.2 % 10.1 % 10.2 % 9.6 % Franchise revenue 1.7 % 1.9 % 1.8 % 2.1 % Vending revenue 0.0 % 0.1 % 0.1 % 0.1 % TOTAL SALES 100.0 % 100.0 % 100.0 % 100.0 % COSTS AND EXPENSES: (As a percentage of restaurant sales) Cost of food 28.8 % 27.8 % 28.7 % 27.6 % Payroll and related costs 39.4 % 37.8 % 38.8 % 37.9 % Other operating expenses 16.7 % 17.5 % 17.3 % 17.8 % Occupancy costs 6.3 % 6.4 % 6.1 % 6.4 % Vending revenue 0.0 % (0.1) % (0.1) % (0.1) % Store level profit 8.9 % 10.7 % 9.2 % 10.4 % (As a percentage of total sales) General and administrative expenses 7.8 % 9.4 % 8.5 % 9.0 % Marketing and advertising expenses 2.1 % 1.0 % 1.9 % 1.0 % Selling, general and administrative expenses 9.9 % 10.4 % 10.4 % 10.0 % Luby's, Inc. Consolidated Balance Sheets (In thousands, except per share data) March 11, 2020 August 28, 2019 (Unaudited) ASSETS Current Assets: Cash and cash equivalents $ 7,080 $ 3,640 Restricted cash and cash equivalents 8,704 9,116 Trade accounts and other receivables, net 8,413 8,852 Food and supply inventories 2,392 3,432 Prepaid expenses 1,970 2,355 Total current assets 28,559 27,395 Property held for sale 13,770 16,488 Assets related to discontinued operations 1,813 1,813 Property and equipment, net 117,430 121,743 Intangible assets, net 16,025 16,781 Goodwill 514 514 Operating lease right-of-use assets 24,296 Other assets 890 1,266 Total assets $ 203,297 $ 186,000 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Accounts payable $ 7,945 $ 8,465 Liabilities related to discontinued operations 5 14 Current portion of credit facility debt 2,567 Operating lease liabilities-current 5,916 Accrued expenses and other liabilities 24,015 24,475 Total current liabilities 40,448 32,954 Credit facility debt, less current portion 48,268 45,439 Operating lease liabilities-noncurrent 23,047 Other liabilities 922 6,577 Total liabilities $ 112,685 $ 84,970 Commitments and Contingencies SHAREHOLDERS' EQUITY Common stock, 0.32 par value; 100,000,000 shares authorized; shares issued were 30,751,629 and 30,478,972; and shares outstanding were 30,251,629 and 29,978,972, at March 11, 2020 and August 28, 2019, respectively 9,841 9,753 Paid-in capital 35,478 34,870 Retained earnings 50,068 61,182 Less cost of treasury stock, 500,000 shares (4,775) (4,775) Total shareholders' equity 90,612 101,030 Total liabilities and shareholders' equity $ 203,297 $ 186,000 Luby's, Inc. Consolidated Statements of Cash Flows (unaudited) (In thousands) Quarter Ended March 11, 2020 March 13, 2019 (28 weeks) (28 weeks) CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $ (12,141) $ (856) Adjustments to reconcile net loss to net cash used in operating activities: Provision for asset impairments and net (gains) losses on property sales (727) (10,079) Depreciation and amortization 6,440 8,126 Amortization of debt issuance cost 577 811 Share-based compensation expense 732 823 Cash used in operating activities before changes in operating assets and liabilities (5,119) (1,175) Changes in operating assets and liabilities: Decrease (increase) in trade accounts and other receivables 509 (414) Increase in food and supply inventories (94) (45) Decrease in prepaid expenses and other assets 197 1,115 Decrease in operating lease assets 2,407 Decrease in operating lease liabilities (3,541) Decrease in accounts payable, accrued expenses and other liabilities (263) (7,110) Net cash used in operating activities (5,904) (7,629) CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from disposal of assets and property held for sale 5,453 20,444 Purchases of property and equipment (1,490) (1,781) Net cash provided by investing activities 3,963 18,663 CASH FLOWS FROM FINANCING ACTIVITIES: Revolver borrowings 3,300 34,500 Revolver repayments (54,500) Proceeds from term loan 2,500 58,400 Term loan repayments (831) (35,169) Debt issuance costs (3,236) Taxes paid on equity withheld (12) Net cash provided by (used in) financing activities 4,969 (17) Net increase in cash and cash equivalents and restricted cash 3,028 11,017 Cash and cash equivalents and restricted cash at beginning of period 12,756 3,722 Cash and cash equivalents and restricted cash at end of period $ 15,784 $ 14,739 Cash paid for: Income taxes, net of (refunds) $ 7 $ 51 Interest 2,647 1,951 Store Level Profit Although store level profit, defined as restaurant sales plus vending revenue, less cost of food, payroll and related costs, other operating expenses, and occupancy costs, is a non-GAAP measure, we believe its presentation is useful because it explicitly shows the results of our most significant reportable segments. The following table reconciles between store level profit, a non-GAAP measure to loss from continuing operations, a GAAP measure: ($ thousands) Quarter Ended Two Quarters Ended March 11, 2020 March 13, 2019 March 11, 2020 March 13, 2019 (12 weeks) (12 weeks) (28 weeks) (28 weeks) Store level profit $ 5,376 $ 7,006 $ 13,184 $ 16,233 Plus: Sales from culinary contract services 6,998 7,543 16,772 17,039 Sales from franchise operations 1,158 1,421 2,865 3,644 Less: Opening costs 2 11 14 44 Cost of culinary contract services 6,400 6,717 15,348 15,532 Cost of franchise operations 409 247 974 519 Depreciation and amortization 2,677 3,222 6,440 8,126 Selling, general and administrative expenses 6,816 7,753 16,974 17,763 Other Charges 1,509 1,263 2,748 2,477 Provision for asset impairments and restaurant closings 661 1,195 1,770 2,422 Net gain on disposition of property and equipment (2,527) (12,651) (2,498) (12,501) Interest income (5) (19) (28) (19) Interest expense 1,473 1,554 3,435 3,269 Other income, net (148) (55) (388) (86) Provision for income taxes 62 93 156 213 Income (loss) from continuing operations $ (3,797) $ 6,640 $ (12,124) $ (843) Adjusted EBITDA Adjusted EBITDA is defined as income (loss) from continuing operations before interest, provision (benefit) for income taxes, and depreciation and amortization, and excluding net loss (gain) on disposing of property and equipment, provision for asset impairments and restaurant closings, other charges,non-cash compensation expense, franchise taxes, and decrease / (increase) in fair value of derivatives. Adjusted EBITDA is intended as a supplemental measure of our performance that is not required by, or presented in accordance with GAAP. We believe Adjusted EBITDAprovides useful information to management and investors in valuing the Company and evaluating ongoing operating results and trends and in comparing our results to other competitors. Our management uses Adjusted EBITDA in evaluating management's performance when determining incentive compensation. Adjusted EBITDA, as defined, may not be comparable to other similarly titled measures as computed by other companies. These measures should be considered supplemental and not a substitute or superior to other GAAP performance measures. ($ thousands) Quarter Ended Two Quarters Ended March 11, 2020 March 13, 2019 March 11, 2020 March 13, 2019 (12 weeks) (12 weeks) (28 weeks) (28 weeks) Income (loss) from continuing operations $ (3,797) $ 6,640 (12,124) (843) Depreciation and amortization 2,677 3,222 6,440 8,126 Provision for income taxes 62 93 $ 156 $ 213 Interest expense 1,473 1,554 3,435 3,269 Interest income (5) (19) (28) (19) Other Charges 1,509 1,263 2,748 2,477 Net loss on disposition of property and equipment (2,527) (12,651) (2,498) (12,501) Provision for asset impairments and restaurant closings 661 1,195 1,770 2,422 Non-cash compensation expense 366 398 732 823 Franchise Taxes 42 42 98 108 Increase in fair value of derivative 88 Adjusted EBITDA $ 461 $ 1,737 $ 729 $ 4,163 SOURCE Luby's, Inc. Related Links http://www.lubys.com Answer:

Luby's Reports Second Quarter Fiscal 2020 Results

HOUSTON, June 3, 2020 /PRNewswire/ --Luby's, Inc. (NYSE: LUB) ("Luby's") today announced unaudited financial results for its twelve-week second quarter fiscal 2020 ended March 11, 2020, referred to as "second quarter." Comparisons in this earnings release are for the second quarter compared to the twelve-week second quarter fiscal 2019. Same-Store Sales Year-over-Year Comparison: Q12020 Q22020 YTD Q22020 Luby's Cafeterias 1.7% 1.3 % 1.5 % Fuddruckers 0.1% 0.4 % 0.2 % Combo locations (1) 6.6% 6.8 % 6.7 % Cheeseburger in Paradise (1.0)% 9.4 % 3.2 % Total same-store sales (2) 1.7% 1.6 % 1.7 % (1) Combo locations consist of a side-by-side Luby's Cafeteria and Fuddruckers Restaurant at one property location. (2) Luby's includes a restaurant's sales results into the same-store sales calculation in the quarter after that store has been open for six complete consecutive quarters. In the second quarter, there were 72 Luby's Cafeterias locations, 33 Fuddruckers locations, all six Combo locations, and one Cheeseburger in Paradise location that met the definition of same-stores. Second Quarter Restaurant Sales: ($ thousands) Restaurant Brand Q22020 Q22019 Change($) Change(%) Luby's Cafeterias $ 43,302 $ 44,266 $ (964) (2.2) % Combo locations 4,653 4,355 298 6.8 % Luby's cafeteria segment 47,955 48,621 (666) (1.4) % Fuddruckers restaurants segment 11,789 16,156 (4,367) (27.0) % Cheeseburger in Paradise segment 647 592 55 9.3 % Total Restaurant Sales $ 60,391 $ 65,369 $ (4,978) (7.6) % Note: Luby's Cafeterias store count reduced from 76 at Q2 2019 start to 72 at Q2 2020 end; Fuddruckers store count reduced from 51 at Q2 2019 start to 33 at Q2 2020 end; Combo location count at six (12 restaurants) at Q2 2019 start and at Q2 2020 end; Cheeseburger in Paradise store count at one at Q2 2019 and at Q2 2020 end. Restaurant Counts: August 28,2019 FY20 YTDQ2Openings FY20 YTDQ2Closings March 11,2020 Luby's Cafeterias(1) 79 (1) 78 Fuddruckers Restaurants(1) 44 (5) 39 Cheeseburger in Paradise 1 1 Total 124 (6) 118 (1) Includes 6 restaurants that are part of Combo locations Comments related to COVID-19: After the end of our fiscal second quarter, the spread of the COVID-19 pandemic has affected the United States economy, our operations and those of third parties on which we rely. Beginning on March 17, 2020, we began suspending on-premise dining at our restaurants andsubstantially all employees at those locations were placed on furlough. By March31, 2020 we had suspended on-premise dining at all 118 of our company-owned restaurants and had suspended all operations at 50 of our Luby's Cafeteria's, 36 company-owned Fuddruckers restaurants and our one Cheeseburger in Paradise restaurant. The 28 Luby's Cafeteria's and 3 Fuddruckers restaurants that remained open were providing take-out, drive-through and curbside pickup, or delivery with reduced operating hours and on-site staff. In addition, more than 50 percent of our general and administrative staff were placed on furlough and salaries were temporarily reduced by 50 percent for the remaining general and administrative staff and other salaried employees, including all senior management. Furthermore, our franchise owners suspended operations or moved to limited food-to-go operations at their locations, reducing the number of franchise locations in operation to 37 by early April 2020 from 90 prior to the COVID-19 pandemic. Beginning in May 2020, we began to gradually reopen the dining rooms with state-mandated limits on guest capacity at the 28 Luby's locations and 3Fuddruckers locations that had been previously operating with food-to-go service only. We also began to reopen restaurants that were temporarily closed. As of the date of this release, there were 31 Luby's Cafeteria's and8 Fuddruckers restaurants operating, all of which had their dining rooms open at limited capacity; these restaurants were operating at approximately 75% of their pre-pandemic weekly sales levels. Additionally, there were 59 franchise locations in operation as of the date of this release. The full extent and duration of the impact of the COVID-19 pandemic on our operations and financial performance is currently unknown, and depends on future developments that are uncertain and unpredictable, including the duration of the spread of the pandemic, its impact of capital and financial markets on a macro-scale and any new information that may emerge concerning the severity of the virus, its spread to other regions, the actions to contain the virus or treat its impact, and consumer attitudes and behaviors, among others. In response to the changed operating environment from the COVID-19 pandemic, we took the following actions to minimize the financial impact and preserve the prospects for emerging from this unprecedented period. We revamped restaurant operations to generate cost efficiencies resulting in higher restaurant operating margins even if sales levels do not return to pre-COVID-19 pandemic levels. As the restaurants adapted to the new operating environment, a lower cost labor model was deployed, food costs declined as menu offerings were concentrated among the historically top selling items, and various restaurant service and supplier costs were reevaluated. We began restructuring corporate overhead earlier in calendar 2020 prior to the pandemic, including a transition to a 3rd party provider for certain accounting and payroll function. Significant further restructuring took place in April and May of 2020, as we reviewed all corporate service providers, information technology needs, and personnel requirements to support a reduced level of operations going forward. We obtained a $10.0 million "Payroll Protection Program" loan under the Coronavirus Aid, Relief and Economic Security Act which was necessary for funding continuing operations. We believe that a portion of the loan will be eligible for forgiveness; however, that amount cannot currently be calculated. We continued efforts to close real estate sales transactions with anticipated aggregate sales proceeds in excess of $20.0 million prior to the end of fiscal 2020. In addition, the Company has identified other real estate properties that may be sold to generate funds for ongoing operations. About Luby's Luby's, Inc. (NYSE: LUB) operates 118 restaurants nationally as of March11, 2020: 78 Luby's Cafeterias, 39 Fuddruckers, one Cheeseburger in Paradise restaurants. Luby's is the franchisor for 90 Fuddruckers franchise locations across the United States (including Puerto Rico), Canada, Mexico, Colombia, and Panama. Luby's Culinary Contract Services provides food service management to 28 sites consisting of healthcare, corporate dining locations, sports stadiums, and sales through retail grocery stores. This press release contains statements that 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. All statements contained in this press release, other than statements of historical fact, are "forward-looking statements" for purposes of these provisions, including the statements under the caption "Outlook" and any other statements regarding scheduled openings of units, scheduled closures of units, sales of assets, expected proceeds from the sale of assets, expected levels of capital expenditures, effects of food commodity costs, anticipated financial results in future periods and expectations of industry conditions. Luby's cautions readers that various factors could cause its actual financial and operational results to differ materially from those indicated by forward-looking statements made from time-to-time in news releases, reports, proxy statements, registration statements, and other written communications, as well as oral statements made from time to time by representatives of Luby's. The following factors, as well as any other cautionary language included in this press release, provide examples of risks, uncertainties and events that may cause Luby's actual results to differ materially from the expectations Luby's describes in such forward-looking statements: general business and economic conditions; the impact of competition; our operating initiatives; fluctuations in the costs of commodities, including beef, poultry, seafood, dairy, cheese and produce; increases in utility costs, including the costs of natural gas and other energy supplies; changes in the availability and cost of labor; the seasonality of Luby's business; changes in governmental regulations, including changes in minimum wages; the effects of inflation; the availability of credit; unfavorable publicity relating to operations, including publicity concerning food quality, illness or other health concerns or labor relations; the continued service of key management personnel; and other risks and uncertainties disclosed in Luby's annual reports on Form 10-K and quarterly reports on Form 10-Q. For additional information contact: Dennard-Lascar Investor Relations Rick Black / Ken Dennard Investor Relations 713-529-6600 Luby's, Inc. Consolidated Statements of Operations (unaudited) (In thousands, except per share data) Quarter Ended Two Quarters Ended March 11, 2020 March 13, 2019 March 11, 2020 March 13, 2019 (12 weeks) (12 weeks) (28 weeks) (28 weeks) SALES: Restaurant sales $ 60,391 $ 65,369 $ 143,949 $ 156,468 Culinary contract services 6,998 7,543 16,772 17,039 Franchise revenue 1,158 1,421 2,865 3,644 Vending revenue 14 90 124 190 TOTAL SALES 68,561 74,423 163,710 177,341 COSTS AND EXPENSES: Cost of food 17,399 18,145 41,341 43,226 Payroll and related costs 23,782 24,730 55,915 59,244 Other operating expenses 10,065 11,412 24,860 27,914 Occupancy costs 3,783 4,166 8,773 10,041 Opening costs 2 11 14 44 Cost of culinary contract services 6,400 6,717 15,348 15,532 Cost of franchise operations 409 247 974 519 Depreciation and amortization 2,677 3,222 6,440 8,126 Selling, general and administrative expenses 6,816 7,753 16,974 17,763 Other Charges 1,509 1,263 2,748 2,477 Provision for asset impairments and restaurant closings 661 1,195 1,770 2,422 Net gain on disposition of property and equipment (2,527) (12,651) (2,498) (12,501) Total costs and expenses 70,976 66,210 172,659 174,807 INCOME (LOSS) FROM OPERATIONS (2,415) 8,213 (8,949) 2,534 Interest income 5 19 28 19 Interest expense (1,473) (1,554) (3,435) (3,269) Other income, net 148 55 388 86 Income (loss) before income taxes and discontinued operations (3,735) 6,733 (11,968) (630) Provision for income taxes 62 93 156 213 Income (loss) from continuing operations (3,797) 6,640 (12,124) (843) Loss from discontinued operations, net of income taxes (6) (8) (17) (13) NET INCOME (LOSS) $ (3,803) $ 6,632 $ (12,141) $ (856) Income (loss) per share from continuing operations: Basic $ (0.13) $ 0.22 $ (0.40) $ (0.03) Assuming dilution $ (0.13) $ 0.22 $ (0.40) $ (0.03) Loss per share from discontinued operations: Basic $ 0.00 $ 0.00 $ 0.00 $ 0.00 Assuming dilution $ 0.00 $ 0.00 $ 0.00 $ 0.00 Net income (loss) per share: Basic $ (0.13) $ 0.22 $ (0.40) $ (0.03) Assuming dilution $ (0.13) $ 0.22 $ (0.40) $ (0.03) Weighted average shares outstanding: Basic 30,215 29,769 30,123 29,671 Assuming dilution 30,215 29,799 30,123 29,671 The following table contains information derived from the Company's Consolidated Statements of Operations expressed as a percentage of sales. Percentages may not total due to rounding. Quarter Ended Two Quarters Ended March 11, 2020 March 13, 2019 March 11, 2020 March 13, 2019 (12 weeks) (12 weeks) (28 weeks) (28 weeks) Restaurant sales 88.1 % 87.8 % 87.9 % 88.2 % Culinary contract services 10.2 % 10.1 % 10.2 % 9.6 % Franchise revenue 1.7 % 1.9 % 1.8 % 2.1 % Vending revenue 0.0 % 0.1 % 0.1 % 0.1 % TOTAL SALES 100.0 % 100.0 % 100.0 % 100.0 % COSTS AND EXPENSES: (As a percentage of restaurant sales) Cost of food 28.8 % 27.8 % 28.7 % 27.6 % Payroll and related costs 39.4 % 37.8 % 38.8 % 37.9 % Other operating expenses 16.7 % 17.5 % 17.3 % 17.8 % Occupancy costs 6.3 % 6.4 % 6.1 % 6.4 % Vending revenue 0.0 % (0.1) % (0.1) % (0.1) % Store level profit 8.9 % 10.7 % 9.2 % 10.4 % (As a percentage of total sales) General and administrative expenses 7.8 % 9.4 % 8.5 % 9.0 % Marketing and advertising expenses 2.1 % 1.0 % 1.9 % 1.0 % Selling, general and administrative expenses 9.9 % 10.4 % 10.4 % 10.0 % Luby's, Inc. Consolidated Balance Sheets (In thousands, except per share data) March 11, 2020 August 28, 2019 (Unaudited) ASSETS Current Assets: Cash and cash equivalents $ 7,080 $ 3,640 Restricted cash and cash equivalents 8,704 9,116 Trade accounts and other receivables, net 8,413 8,852 Food and supply inventories 2,392 3,432 Prepaid expenses 1,970 2,355 Total current assets 28,559 27,395 Property held for sale 13,770 16,488 Assets related to discontinued operations 1,813 1,813 Property and equipment, net 117,430 121,743 Intangible assets, net 16,025 16,781 Goodwill 514 514 Operating lease right-of-use assets 24,296 Other assets 890 1,266 Total assets $ 203,297 $ 186,000 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Accounts payable $ 7,945 $ 8,465 Liabilities related to discontinued operations 5 14 Current portion of credit facility debt 2,567 Operating lease liabilities-current 5,916 Accrued expenses and other liabilities 24,015 24,475 Total current liabilities 40,448 32,954 Credit facility debt, less current portion 48,268 45,439 Operating lease liabilities-noncurrent 23,047 Other liabilities 922 6,577 Total liabilities $ 112,685 $ 84,970 Commitments and Contingencies SHAREHOLDERS' EQUITY Common stock, 0.32 par value; 100,000,000 shares authorized; shares issued were 30,751,629 and 30,478,972; and shares outstanding were 30,251,629 and 29,978,972, at March 11, 2020 and August 28, 2019, respectively 9,841 9,753 Paid-in capital 35,478 34,870 Retained earnings 50,068 61,182 Less cost of treasury stock, 500,000 shares (4,775) (4,775) Total shareholders' equity 90,612 101,030 Total liabilities and shareholders' equity $ 203,297 $ 186,000 Luby's, Inc. Consolidated Statements of Cash Flows (unaudited) (In thousands) Quarter Ended March 11, 2020 March 13, 2019 (28 weeks) (28 weeks) CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $ (12,141) $ (856) Adjustments to reconcile net loss to net cash used in operating activities: Provision for asset impairments and net (gains) losses on property sales (727) (10,079) Depreciation and amortization 6,440 8,126 Amortization of debt issuance cost 577 811 Share-based compensation expense 732 823 Cash used in operating activities before changes in operating assets and liabilities (5,119) (1,175) Changes in operating assets and liabilities: Decrease (increase) in trade accounts and other receivables 509 (414) Increase in food and supply inventories (94) (45) Decrease in prepaid expenses and other assets 197 1,115 Decrease in operating lease assets 2,407 Decrease in operating lease liabilities (3,541) Decrease in accounts payable, accrued expenses and other liabilities (263) (7,110) Net cash used in operating activities (5,904) (7,629) CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from disposal of assets and property held for sale 5,453 20,444 Purchases of property and equipment (1,490) (1,781) Net cash provided by investing activities 3,963 18,663 CASH FLOWS FROM FINANCING ACTIVITIES: Revolver borrowings 3,300 34,500 Revolver repayments (54,500) Proceeds from term loan 2,500 58,400 Term loan repayments (831) (35,169) Debt issuance costs (3,236) Taxes paid on equity withheld (12) Net cash provided by (used in) financing activities 4,969 (17) Net increase in cash and cash equivalents and restricted cash 3,028 11,017 Cash and cash equivalents and restricted cash at beginning of period 12,756 3,722 Cash and cash equivalents and restricted cash at end of period $ 15,784 $ 14,739 Cash paid for: Income taxes, net of (refunds) $ 7 $ 51 Interest 2,647 1,951 Store Level Profit Although store level profit, defined as restaurant sales plus vending revenue, less cost of food, payroll and related costs, other operating expenses, and occupancy costs, is a non-GAAP measure, we believe its presentation is useful because it explicitly shows the results of our most significant reportable segments. The following table reconciles between store level profit, a non-GAAP measure to loss from continuing operations, a GAAP measure: ($ thousands) Quarter Ended Two Quarters Ended March 11, 2020 March 13, 2019 March 11, 2020 March 13, 2019 (12 weeks) (12 weeks) (28 weeks) (28 weeks) Store level profit $ 5,376 $ 7,006 $ 13,184 $ 16,233 Plus: Sales from culinary contract services 6,998 7,543 16,772 17,039 Sales from franchise operations 1,158 1,421 2,865 3,644 Less: Opening costs 2 11 14 44 Cost of culinary contract services 6,400 6,717 15,348 15,532 Cost of franchise operations 409 247 974 519 Depreciation and amortization 2,677 3,222 6,440 8,126 Selling, general and administrative expenses 6,816 7,753 16,974 17,763 Other Charges 1,509 1,263 2,748 2,477 Provision for asset impairments and restaurant closings 661 1,195 1,770 2,422 Net gain on disposition of property and equipment (2,527) (12,651) (2,498) (12,501) Interest income (5) (19) (28) (19) Interest expense 1,473 1,554 3,435 3,269 Other income, net (148) (55) (388) (86) Provision for income taxes 62 93 156 213 Income (loss) from continuing operations $ (3,797) $ 6,640 $ (12,124) $ (843) Adjusted EBITDA Adjusted EBITDA is defined as income (loss) from continuing operations before interest, provision (benefit) for income taxes, and depreciation and amortization, and excluding net loss (gain) on disposing of property and equipment, provision for asset impairments and restaurant closings, other charges,non-cash compensation expense, franchise taxes, and decrease / (increase) in fair value of derivatives. Adjusted EBITDA is intended as a supplemental measure of our performance that is not required by, or presented in accordance with GAAP. We believe Adjusted EBITDAprovides useful information to management and investors in valuing the Company and evaluating ongoing operating results and trends and in comparing our results to other competitors. Our management uses Adjusted EBITDA in evaluating management's performance when determining incentive compensation. Adjusted EBITDA, as defined, may not be comparable to other similarly titled measures as computed by other companies. These measures should be considered supplemental and not a substitute or superior to other GAAP performance measures. ($ thousands) Quarter Ended Two Quarters Ended March 11, 2020 March 13, 2019 March 11, 2020 March 13, 2019 (12 weeks) (12 weeks) (28 weeks) (28 weeks) Income (loss) from continuing operations $ (3,797) $ 6,640 (12,124) (843) Depreciation and amortization 2,677 3,222 6,440 8,126 Provision for income taxes 62 93 $ 156 $ 213 Interest expense 1,473 1,554 3,435 3,269 Interest income (5) (19) (28) (19) Other Charges 1,509 1,263 2,748 2,477 Net loss on disposition of property and equipment (2,527) (12,651) (2,498) (12,501) Provision for asset impairments and restaurant closings 661 1,195 1,770 2,422 Non-cash compensation expense 366 398 732 823 Franchise Taxes 42 42 98 108 Increase in fair value of derivative 88 Adjusted EBITDA $ 461 $ 1,737 $ 729 $ 4,163 SOURCE Luby's, Inc. Related Links http://www.lubys.com

edtsum1360

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: SAN DIEGO--(BUSINESS WIRE)--LabTrader, a provider of new and gently used brand-name, scientific equipment to universities, biotech and pharmaceutical companies, clinics, research laboratories and scientists around the country, recently received a huge shipment of scientific equipment for sale low temperature freezers, biosafety cabinets, centrifuges, microscopes and more from premium brands such as Thermo Scientific, Ohaus, Olympus, and others. LabTrader, located in San Diego North County, has been providing the latest in scientific equipment to laboratories developing life-changing therapeutic medicines and significant life science discoveries for over 25 years. What sets the laboratory equipment reseller apart is its knowledge of the equipment, free white-glove delivery service, and warranties direct from the manufacturer. LabTrader is a preferred reseller of Thermo Scientific in San Diego County. Having started and managed a number of biotech companies in my career, I know how important it is to procure the right scientific equipment at the best prices without sacrificing operational quality and research outcomes, says Dexter Gaston, CEO of LabTrader. We wont sell a piece of equipment you dont need, and always deliver and set up the equipment using our LabTrader operability checklist to ensure its working perfectly in the lab. LabTrader sells, resells and officially partners with the top scientific equipment manufacturers including Thermo Fisher, Ohaus, Eppendorf, Edwards, Labconco, Panasonic, Drummond, Beckman, Gordinier, Zeiss, Hoefer, Wyatt Technology, Scientific Products and more. It works closely with these manufacturers as official distributors, ensuring their manufacturers specifications. LabTrader provides manufacturer warranties, and ongoing, complimentary troubleshooting for the life the equipment. Recently arrived equipment at LabTrader: About Us LabTrader has been supplying new, gently used (ding and dent), overstock and remanufactured genuine scientific equipment to top tier biotech and pharmaceutical companies, universities, scientific laboratories, and clinics for over 25 years. As an official distributor and reseller for some of the industrys top scientific equipment manufacturers, LabTrader warranties every piece of equipment it sells. LabTrader provides free-of-charge white-glove delivery, set up and service for the life of the equipment. www.labtrader.com, (760) 560-0013 M-F between 8:30 a.m. and 5 p.m. Pacific Time. Answer:

LabTrader Welcomes Mega Shipment of Name Brand Scientific Equipment for Laboratories Low temperature freezers, biosafety cabinets, centrifuges, microscopes and more from manufacturers like Thermo Scientific, Ohaus, Olympus, others delivered free within 24 hours

SAN DIEGO--(BUSINESS WIRE)--LabTrader, a provider of new and gently used brand-name, scientific equipment to universities, biotech and pharmaceutical companies, clinics, research laboratories and scientists around the country, recently received a huge shipment of scientific equipment for sale low temperature freezers, biosafety cabinets, centrifuges, microscopes and more from premium brands such as Thermo Scientific, Ohaus, Olympus, and others. LabTrader, located in San Diego North County, has been providing the latest in scientific equipment to laboratories developing life-changing therapeutic medicines and significant life science discoveries for over 25 years. What sets the laboratory equipment reseller apart is its knowledge of the equipment, free white-glove delivery service, and warranties direct from the manufacturer. LabTrader is a preferred reseller of Thermo Scientific in San Diego County. Having started and managed a number of biotech companies in my career, I know how important it is to procure the right scientific equipment at the best prices without sacrificing operational quality and research outcomes, says Dexter Gaston, CEO of LabTrader. We wont sell a piece of equipment you dont need, and always deliver and set up the equipment using our LabTrader operability checklist to ensure its working perfectly in the lab. LabTrader sells, resells and officially partners with the top scientific equipment manufacturers including Thermo Fisher, Ohaus, Eppendorf, Edwards, Labconco, Panasonic, Drummond, Beckman, Gordinier, Zeiss, Hoefer, Wyatt Technology, Scientific Products and more. It works closely with these manufacturers as official distributors, ensuring their manufacturers specifications. LabTrader provides manufacturer warranties, and ongoing, complimentary troubleshooting for the life the equipment. Recently arrived equipment at LabTrader: About Us LabTrader has been supplying new, gently used (ding and dent), overstock and remanufactured genuine scientific equipment to top tier biotech and pharmaceutical companies, universities, scientific laboratories, and clinics for over 25 years. As an official distributor and reseller for some of the industrys top scientific equipment manufacturers, LabTrader warranties every piece of equipment it sells. LabTrader provides free-of-charge white-glove delivery, set up and service for the life of the equipment. www.labtrader.com, (760) 560-0013 M-F between 8:30 a.m. and 5 p.m. Pacific Time.

edtsum1361

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this 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.--(BUSINESS WIRE)--(NASDAQ:AMZN) Today, Amazons Counterfeit Crimes Unit and the U.S. governments National Intellectual Property Rights Coordination Center announced they are expanding the joint Operation Fulfilled Action partnership to fight counterfeit Super Bowl merchandise. The IPR Center and Amazons CCU will work together in real time to identify counterfeiters wherever they operate: in Tampa, in online stores, and as their goods come through the nations ports. Operation Fulfilled Action is an on-going effort between Amazon and the IPR Center to protect American consumers by preventing counterfeit goods from entering the U.S. As counterfeiters attempt to take advantage of this major sporting event, Amazons CCU and the IPR Center are sharing information about counterfeits in real time before, during, and after the Super Bowl. This includes historical information about counterfeiters and real time intelligence as law enforcement agencies conduct on-the-ground inspections and raids. By sharing information such as physical addresses, supply routes, shippers, consignees, and other potential fraud identifiers, Amazon and the IPR Center can more quickly and effectively stop and prevent counterfeits from reaching consumers. Make no mistake intellectual property theft is not a victimless crime. American manufacturers and retailers and those they employ as well as consumers are the losers in this game, said Steve Francis, IPR Center Director. Fans who spend their hard-earned money to support the NFL and their favorite team can rest assured that HSI is working around the clock with support from Amazon to ensure they are getting only genuine, high-quality officially licensed merchandise in return. We know counterfeiters target high visibility events like the Super Bowl, and we are proud to be working with the IPR Center and other agencies to leverage what we know to better protect customers in our store and across the retail industry, said Dharmesh Mehta, Vice President, Customer Trust and Partner Support, Amazon. Amazon strictly prohibits the sale of counterfeit products, and in 2019 alone, invested more than $500 million to protect its store and customers from counterfeit and other forms of fraud and abuse. These investments include machine learning and automated systems to detect bad actors and potentially counterfeit products, dedicated teams to operate and continually refine its anti-counterfeiting programs, and tools that empower brands to better protect their intellectual property. As a result, 99.9% of pages viewed by customers on Amazon did not receive a valid counterfeit complaint and customers continue to shop with confidence on Amazon. The IPR Center is one of the U.S. government's key weapons in the fight against criminal counterfeiting and piracy. The center uses the expertise of 25 key federal and international agencies to share information, develop initiatives, coordinate enforcement actions, and conduct investigations related to IP theft and commercial fraud crimes. About National Intellectual Property Rights Coordination Center The National Intellectual Property Rights Coordination Center, working collaboratively with its public and private sector partners, stands at the forefront of the United States government's response to combatting global intellectual property theft and enforcing intellectual properties rights violations. The IPR Center was established to combat global intellectual property theft and, accordingly, has a significant role policing the sale and distribution of counterfeit goods on websites, social media, and the dark web. To report IP theft or to learn more about the IPR Center, visit www.IPRCenter.gov. About Amazon Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews. Answer:

National IPR Center and Amazons Operation Fulfilled Action Target Super Bowl LV Counterfeits

TAMPA, Fla.--(BUSINESS WIRE)--(NASDAQ:AMZN) Today, Amazons Counterfeit Crimes Unit and the U.S. governments National Intellectual Property Rights Coordination Center announced they are expanding the joint Operation Fulfilled Action partnership to fight counterfeit Super Bowl merchandise. The IPR Center and Amazons CCU will work together in real time to identify counterfeiters wherever they operate: in Tampa, in online stores, and as their goods come through the nations ports. Operation Fulfilled Action is an on-going effort between Amazon and the IPR Center to protect American consumers by preventing counterfeit goods from entering the U.S. As counterfeiters attempt to take advantage of this major sporting event, Amazons CCU and the IPR Center are sharing information about counterfeits in real time before, during, and after the Super Bowl. This includes historical information about counterfeiters and real time intelligence as law enforcement agencies conduct on-the-ground inspections and raids. By sharing information such as physical addresses, supply routes, shippers, consignees, and other potential fraud identifiers, Amazon and the IPR Center can more quickly and effectively stop and prevent counterfeits from reaching consumers. Make no mistake intellectual property theft is not a victimless crime. American manufacturers and retailers and those they employ as well as consumers are the losers in this game, said Steve Francis, IPR Center Director. Fans who spend their hard-earned money to support the NFL and their favorite team can rest assured that HSI is working around the clock with support from Amazon to ensure they are getting only genuine, high-quality officially licensed merchandise in return. We know counterfeiters target high visibility events like the Super Bowl, and we are proud to be working with the IPR Center and other agencies to leverage what we know to better protect customers in our store and across the retail industry, said Dharmesh Mehta, Vice President, Customer Trust and Partner Support, Amazon. Amazon strictly prohibits the sale of counterfeit products, and in 2019 alone, invested more than $500 million to protect its store and customers from counterfeit and other forms of fraud and abuse. These investments include machine learning and automated systems to detect bad actors and potentially counterfeit products, dedicated teams to operate and continually refine its anti-counterfeiting programs, and tools that empower brands to better protect their intellectual property. As a result, 99.9% of pages viewed by customers on Amazon did not receive a valid counterfeit complaint and customers continue to shop with confidence on Amazon. The IPR Center is one of the U.S. government's key weapons in the fight against criminal counterfeiting and piracy. The center uses the expertise of 25 key federal and international agencies to share information, develop initiatives, coordinate enforcement actions, and conduct investigations related to IP theft and commercial fraud crimes. About National Intellectual Property Rights Coordination Center The National Intellectual Property Rights Coordination Center, working collaboratively with its public and private sector partners, stands at the forefront of the United States government's response to combatting global intellectual property theft and enforcing intellectual properties rights violations. The IPR Center was established to combat global intellectual property theft and, accordingly, has a significant role policing the sale and distribution of counterfeit goods on websites, social media, and the dark web. To report IP theft or to learn more about the IPR Center, visit www.IPRCenter.gov. About Amazon Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.

edtsum1363

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: SEOUL, South Korea--(BUSINESS WIRE)--On April 30, 2021, Woori Financial Group Inc. filed its Annual Report on Form 20-F for the year ended December 31, 2020 with the U.S. Securities and Exchange Commission. The 2020 Annual Report on Form 20-F can be downloaded from www.woorifg.com, as well as from the website of the U.S. Securities and Exchange Commission at www.sec.gov. Investors may request a hard copy of the 2020 Annual Report on Form 20-F, free of charge, by contacting yjy1126@woorifg.com. Answer:

Woori Financial Group Inc. Files Its Annual Report on Form 20-F

SEOUL, South Korea--(BUSINESS WIRE)--On April 30, 2021, Woori Financial Group Inc. filed its Annual Report on Form 20-F for the year ended December 31, 2020 with the U.S. Securities and Exchange Commission. The 2020 Annual Report on Form 20-F can be downloaded from www.woorifg.com, as well as from the website of the U.S. Securities and Exchange Commission at www.sec.gov. Investors may request a hard copy of the 2020 Annual Report on Form 20-F, free of charge, by contacting yjy1126@woorifg.com.

edtsum1364

You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. Text: VANCOUVER, BC, March 29, 2021 /PRNewswire/ - New Found Gold Corp.("New Found" or the "Company") (TSXV: NFG) (OTC: NFGFF)is pleased to announce assay results from an additional six holes drilled at the Keats Zone ("Keats"). These holes were drilled as part of the Company's ongoing 200,000m diamond drill program at its 100%-owned Queensway Project ("Queensway"), located on the Trans-Canada Highway 15 km west of Gander, Newfoundland. Highlights View PDF VIEW PDF (CNW Group/New Found Gold Corp.) Figure 1. Keats Main Zone Long Section (CNW Group/New Found Gold Corp.) Figure 2. Keats Plan View (CNW Group/New Found Gold Corp.) Highlights include: Hole No. From (m) To (m) Interval (m)* Au (g/t) NFGC-21-78 113.20 115.50 2.30 18.22 NFGC-21-86 141.95 150.00 8.05 5.6 NFGC-21-87 4.70 9.35 4.65 27.8 And 20.45 30.70 10.25 2.5 NFGC-21-97 174.95 181.40 6.45 37.1 NFGC-21-101 180.85 189.30 8.45 17.9 *Note that the host structures are interpreted to be steeply dipping and true widths are estimated to be 70% to 80% of reported intervals. Intervals are calculated at a 1 g/t Au cut-off grade; grades have not been capped in the averaging. The intervals of 37.2 g/t Au over 6.45m and 17.9 g/t Au over 8.45m in drill holes NFGC-21-97 and NFGC 21-101 provide further confirmation of the continuity of the Keats high grade zone in the down-plunge direction (Figure 1). Drill hole NFGC-21-87 returned 27.8 g/t Au over 4.65 m starting at 4.7m down-hole depth plus 2.51 g/t Au over 10.3 m starting at 20.5m down-hole depth, providing further confirmation of high-grade gold at bedrock surface at the north end of Keats. Greg Matheson, P.Geo., COO of New Found, stated: "These results are significant in that they provide confirmation of the continuity of high-grade gold mineralization between our deeper results down plunge including the recently released 61.8 g/t Au over 13.65m in NFGC-21-118 and the more closely spaced drilled near-surface, high-grade results up-plunge (see Figure 1). Additional results in this area roughly centered around fence line 4700N are anticipated shortly. Current drilling at Keats is focused on extending the high-grade zone down plunge, providing further definition of the near surface, high-grade mineralization, and testing additional zones of high-grade mineralization including in the footwall veining."Highlights - Keats Main Zone Drill Intervals Hole Interval Au Hole Interval Au Hole Interval Au Hole Interval Au (m) (g/t) (m) (g/t) (m) (g/t) (m) (g/t) 19-01 19.0 92.9 20-32 13.1 45.3 20-45 13.8 28.4 21-79 7.9 22.7 20-18 7.9 24.1 20-34 2.4 29.3 And 3.3 20.6 21-80 39.1 25.8 20-19 18.9 31.2 20-37 10.3 25.0 And 2.0 17.1 And 2.3 41.6 20-21 18.4 15.8 20-38 5.8 19.8 20-46 2.9 13.7 21-87 4.7 27.8 20-23 41.4 22.3 20-40A 7.3 19.3 21-52 2.1 136.7 21-90 3.9 24.5 20-26 6.9 44.5 20-41 10.4 22.5 And 14.1 31.5 21-97 6.5 37.1 20-28 4.1 40.1 And 15.9 31.4 And 5.6 13.7 21-101 8.5 17.9 20-29 16.9 25.0 20-43 18.2 10.0 20-56 32.3 6.2 21-104 11.4 29.1 20-30 6.1 10.3 21-78 2.3 18.2 21-118 13.7 61.8 Drillhole DetailsTable 2: Summary of results reported in this news release. Hole No. From (m) To (m) Interval (m)* Au (g/t) Zone NFGC-21-65 170.00 172.90 2.90 1.04 Keats Main NFGC-21-78 102.00 105.70 3.70 2.43 Keats Main And 113.20 115.50 2.30 18.2 NFGC-21-86 141.95 150.00 8.05 5.65 Keats Main And 171.90 174.25 2.35 1.09 NFGC-21-87 4.70 9.35 4.65 27.8 Keats Main And 20.45 30.70 10.25 2.51 And 79.00 81.00 2.00 2.03 NFGC-21-97 135.00 137.65 2.65 1.31 Keats HW And 153.65 156.00 2.35 1.04 Keats Main And 162.65 167.00 4.35 1.21 And 174.95 181.40 6.45 37.2 NFGC-21-101 180.85 189.30 8.45 17.9 Keats Main *Note that the host structures are interpreted to be steeply dipping and true widths are estimated to be 70% to 80% of reported intervals. Intervals are calculated at a 1 g/t Au cut-off grade; grades have not been capped in the averaging. Table 3: Location details of drill holes reported on in this news release. Hole No. Azimuth () Dip () Length (m) UTM E UTM N NFGC-21-65 300 -45 266 658335 5427512 NFGC-21-78 300 -45 168 658183 5427426 NFGC-21-86 300 -45 231 658209 5427397 NFGC-21-87 300 -45 125 658218 5427535 NFGC-21-97 300 -45 225 658195 5427347 NFGC-21-101 300 -45 221 658206 5427341 Sampling, Sub-sampling and LaboratoryTrue widths of the intercepts reported in this press release have yet to be determined but are estimated to be 70% to 80% of reported core lengths. Assays are uncut, and calculated intervals are reported over a minimum length of 2 meters using a lower cut-off of 1.0 g/t Au. All HQ split core assays reported were obtained by either complete sample metallic screen/fire assay or standard 30-gram fire-assaying with ICP finish at ALS Minerals in Vancouver, British Columbia, or by entire sample screened metallic screen fire assay at Eastern Analytical in Springdale, Newfoundland. The complete sample metallic screen assay method is selected by the geologist when samples contain coarse gold or any samples displaying gold initial fire assay values greater than 1.0 g/t Au. Drill program design, Quality Assurance/Quality Control and interpretation of results is performed by qualified persons employing a Quality Assurance/Quality Control program consistent with National Instrument 43-101 and industry best practices. Standards and blanks are included with every 20 samples for Quality Assurance/Quality Control purposes by the Company as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assays.Qualified PersonThe technical content disclosed in this press release was reviewed and approved by Greg Matheson, P. Geo., Chief Operating Officer, and a Qualified Person as defined under National Instrument 43-101. Mr. Matheson consents to the publication of this news release dated March 29, 2021 by New Found. Mr. Matheson certifies that this news release fairly and accurately represents the information for which he is responsible.About New Found Gold Corp.New Found holds a 100% interest in the Queensway Project, located 15 km west of Gander, Newfoundland, and just 18 km from Gander International Airport. The project is intersected by the Trans-Canada Highway and has logging roads crosscutting the project, high voltage electric power lines running through the project area, and easy access to a highly skilled workforce. The Company is currently undertaking a 200,000-m drill program at Queensway, with a planned increase from the current six drill rigs to eight drill rigs in Q1, 2021. New Found currently has working capital of approximately $67 million. On closing of the $15 million flow through financing announced March 18, 2021 the Company would have an estimated $82 million of working capital.Please see the Company's website at www.newfoundgold.ca and the Company's SEDAR profile at www.sedar.com.AcknowledgementsNew Found acknowledges the financial support of the Junior Exploration Assistance Program, Department of Natural Resources, Government of Newfoundland and Labrador.ContactTo contact the Company, please visit the Company's website, www.newfoundgold.ca and make your request through our investor inquiry form. Our management has a pledge to be in touch with any investor inquiries within 24 hours. New Found Gold Corp.Per: "Craig Roberts"Craig Roberts, P.Eng., Chief Executive OfficerEmail: [emailprotected]Phone: (604) 562 9664Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking Statement CautionsThis press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to further the exploration and drilling on the Company's Queensway gold project in Newfoundland. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.SOURCE New Found Gold Corp. Related Links https://newfoundgold.ca/ Answer:

Keats Infill Drilling Returns 37.2 g/t Au over 6.45m and 17.9 g/t Au over 8.45m

VANCOUVER, BC, March 29, 2021 /PRNewswire/ - New Found Gold Corp.("New Found" or the "Company") (TSXV: NFG) (OTC: NFGFF)is pleased to announce assay results from an additional six holes drilled at the Keats Zone ("Keats"). These holes were drilled as part of the Company's ongoing 200,000m diamond drill program at its 100%-owned Queensway Project ("Queensway"), located on the Trans-Canada Highway 15 km west of Gander, Newfoundland. Highlights View PDF VIEW PDF (CNW Group/New Found Gold Corp.) Figure 1. Keats Main Zone Long Section (CNW Group/New Found Gold Corp.) Figure 2. Keats Plan View (CNW Group/New Found Gold Corp.) Highlights include: Hole No. From (m) To (m) Interval (m)* Au (g/t) NFGC-21-78 113.20 115.50 2.30 18.22 NFGC-21-86 141.95 150.00 8.05 5.6 NFGC-21-87 4.70 9.35 4.65 27.8 And 20.45 30.70 10.25 2.5 NFGC-21-97 174.95 181.40 6.45 37.1 NFGC-21-101 180.85 189.30 8.45 17.9 *Note that the host structures are interpreted to be steeply dipping and true widths are estimated to be 70% to 80% of reported intervals. Intervals are calculated at a 1 g/t Au cut-off grade; grades have not been capped in the averaging. The intervals of 37.2 g/t Au over 6.45m and 17.9 g/t Au over 8.45m in drill holes NFGC-21-97 and NFGC 21-101 provide further confirmation of the continuity of the Keats high grade zone in the down-plunge direction (Figure 1). Drill hole NFGC-21-87 returned 27.8 g/t Au over 4.65 m starting at 4.7m down-hole depth plus 2.51 g/t Au over 10.3 m starting at 20.5m down-hole depth, providing further confirmation of high-grade gold at bedrock surface at the north end of Keats. Greg Matheson, P.Geo., COO of New Found, stated: "These results are significant in that they provide confirmation of the continuity of high-grade gold mineralization between our deeper results down plunge including the recently released 61.8 g/t Au over 13.65m in NFGC-21-118 and the more closely spaced drilled near-surface, high-grade results up-plunge (see Figure 1). Additional results in this area roughly centered around fence line 4700N are anticipated shortly. Current drilling at Keats is focused on extending the high-grade zone down plunge, providing further definition of the near surface, high-grade mineralization, and testing additional zones of high-grade mineralization including in the footwall veining."Highlights - Keats Main Zone Drill Intervals Hole Interval Au Hole Interval Au Hole Interval Au Hole Interval Au (m) (g/t) (m) (g/t) (m) (g/t) (m) (g/t) 19-01 19.0 92.9 20-32 13.1 45.3 20-45 13.8 28.4 21-79 7.9 22.7 20-18 7.9 24.1 20-34 2.4 29.3 And 3.3 20.6 21-80 39.1 25.8 20-19 18.9 31.2 20-37 10.3 25.0 And 2.0 17.1 And 2.3 41.6 20-21 18.4 15.8 20-38 5.8 19.8 20-46 2.9 13.7 21-87 4.7 27.8 20-23 41.4 22.3 20-40A 7.3 19.3 21-52 2.1 136.7 21-90 3.9 24.5 20-26 6.9 44.5 20-41 10.4 22.5 And 14.1 31.5 21-97 6.5 37.1 20-28 4.1 40.1 And 15.9 31.4 And 5.6 13.7 21-101 8.5 17.9 20-29 16.9 25.0 20-43 18.2 10.0 20-56 32.3 6.2 21-104 11.4 29.1 20-30 6.1 10.3 21-78 2.3 18.2 21-118 13.7 61.8 Drillhole DetailsTable 2: Summary of results reported in this news release. Hole No. From (m) To (m) Interval (m)* Au (g/t) Zone NFGC-21-65 170.00 172.90 2.90 1.04 Keats Main NFGC-21-78 102.00 105.70 3.70 2.43 Keats Main And 113.20 115.50 2.30 18.2 NFGC-21-86 141.95 150.00 8.05 5.65 Keats Main And 171.90 174.25 2.35 1.09 NFGC-21-87 4.70 9.35 4.65 27.8 Keats Main And 20.45 30.70 10.25 2.51 And 79.00 81.00 2.00 2.03 NFGC-21-97 135.00 137.65 2.65 1.31 Keats HW And 153.65 156.00 2.35 1.04 Keats Main And 162.65 167.00 4.35 1.21 And 174.95 181.40 6.45 37.2 NFGC-21-101 180.85 189.30 8.45 17.9 Keats Main *Note that the host structures are interpreted to be steeply dipping and true widths are estimated to be 70% to 80% of reported intervals. Intervals are calculated at a 1 g/t Au cut-off grade; grades have not been capped in the averaging. Table 3: Location details of drill holes reported on in this news release. Hole No. Azimuth () Dip () Length (m) UTM E UTM N NFGC-21-65 300 -45 266 658335 5427512 NFGC-21-78 300 -45 168 658183 5427426 NFGC-21-86 300 -45 231 658209 5427397 NFGC-21-87 300 -45 125 658218 5427535 NFGC-21-97 300 -45 225 658195 5427347 NFGC-21-101 300 -45 221 658206 5427341 Sampling, Sub-sampling and LaboratoryTrue widths of the intercepts reported in this press release have yet to be determined but are estimated to be 70% to 80% of reported core lengths. Assays are uncut, and calculated intervals are reported over a minimum length of 2 meters using a lower cut-off of 1.0 g/t Au. All HQ split core assays reported were obtained by either complete sample metallic screen/fire assay or standard 30-gram fire-assaying with ICP finish at ALS Minerals in Vancouver, British Columbia, or by entire sample screened metallic screen fire assay at Eastern Analytical in Springdale, Newfoundland. The complete sample metallic screen assay method is selected by the geologist when samples contain coarse gold or any samples displaying gold initial fire assay values greater than 1.0 g/t Au. Drill program design, Quality Assurance/Quality Control and interpretation of results is performed by qualified persons employing a Quality Assurance/Quality Control program consistent with National Instrument 43-101 and industry best practices. Standards and blanks are included with every 20 samples for Quality Assurance/Quality Control purposes by the Company as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assays.Qualified PersonThe technical content disclosed in this press release was reviewed and approved by Greg Matheson, P. Geo., Chief Operating Officer, and a Qualified Person as defined under National Instrument 43-101. Mr. Matheson consents to the publication of this news release dated March 29, 2021 by New Found. Mr. Matheson certifies that this news release fairly and accurately represents the information for which he is responsible.About New Found Gold Corp.New Found holds a 100% interest in the Queensway Project, located 15 km west of Gander, Newfoundland, and just 18 km from Gander International Airport. The project is intersected by the Trans-Canada Highway and has logging roads crosscutting the project, high voltage electric power lines running through the project area, and easy access to a highly skilled workforce. The Company is currently undertaking a 200,000-m drill program at Queensway, with a planned increase from the current six drill rigs to eight drill rigs in Q1, 2021. New Found currently has working capital of approximately $67 million. On closing of the $15 million flow through financing announced March 18, 2021 the Company would have an estimated $82 million of working capital.Please see the Company's website at www.newfoundgold.ca and the Company's SEDAR profile at www.sedar.com.AcknowledgementsNew Found acknowledges the financial support of the Junior Exploration Assistance Program, Department of Natural Resources, Government of Newfoundland and Labrador.ContactTo contact the Company, please visit the Company's website, www.newfoundgold.ca and make your request through our investor inquiry form. Our management has a pledge to be in touch with any investor inquiries within 24 hours. New Found Gold Corp.Per: "Craig Roberts"Craig Roberts, P.Eng., Chief Executive OfficerEmail: [emailprotected]Phone: (604) 562 9664Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking Statement CautionsThis press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to further the exploration and drilling on the Company's Queensway gold project in Newfoundland. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.SOURCE New Found Gold Corp. Related Links https://newfoundgold.ca/

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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: DENVER--(BUSINESS WIRE)--Strive Health, the national leader in value-based kidney care, today announced that Rich Whitney has joined the companys Board of Directors. He currently serves as the Chairman and CEO of Radiology Partners. Rich is a deeply experienced healthcare leader and entrepreneur who has been at the forefront of changing many areas of healthcare delivery, including kidney care, said Chris Riopelle, CEO of Strive Health. He brings outstanding depth and market knowledge that complements our innovative approach to value-based kidney care. Rich will be an asset to our board and instrumental in our next phase of growth. Rich has spent his career in healthcare services, establishing a long track record of leading, founding and investing in healthcare organizations that have made meaningful change. At Radiology Partners, he has led the company from startup to approximately $2 billion in revenue. As CFO and senior advisor to the CEO of kidney dialysis provider, DaVita, Inc., Rich was integral in growing the company to $11 billion in revenue and over $20 billion in enterprise value. Since the mid-2000's Rich has also been an investor, director and/or chairman of entrepreneurial healthcare companies in areas such as pathology, physician services, clinical laboratories, dialysis, hospitals and behavioral health. He currently serves on the Board of CHG Healthcare and National Veterinary Associates, and has also served as a venture partner and advisor to NEA since 2007. Treating kidney disease is expensive and holds many opportunities to improve the patient journey, said Whitney. Strive Health is transforming the traditional approach to kidney care with advanced technology and high-touch care teams that lower costs and help patients lead better lives. I am excited to join the Board and work with the team. Kidney disease impacts 37 million Americans, most of whom are unaware they have it. A proactive, value-based approach is required for earlier intervention that promotes patient health and well-being. Strive Health integrates technology, including proprietary machine learning algorithms, and clinical infrastructure to improve health outcomes for patients with chronic kidney disease (CKD) and end-stage renal disease (ESRD). About Strive Health Strive Health is the national leader in value-based kidney care and partner of choice for innovative healthcare payors and providers. Strive's model uses a unique combination of high-touch care teams, predictive analytics, advanced technology, seamless integration with local providers, and next-generation dialysis services to form an integrated care delivery system that supports the entire patient journey from chronic kidney disease (CKD) to end stage renal disease (ESRD). Strive partners with commercial and Medicare Advantage payors, Medicare, health systems, and physicians through flexible value-based payment arrangements, including risk-based programs. Backed by New Enterprise Associates, Town Hall Ventures, Echo Health Ventures, and Ascension Ventures, Strive delivers compassionate kidney care the way it should be done. For more information, visit us on Twitter, LinkedIn or at www.strivehealth.com, or email info@strivehealth.com. Answer:

Strive Health Names Rich Whitney to its Board of Directors

DENVER--(BUSINESS WIRE)--Strive Health, the national leader in value-based kidney care, today announced that Rich Whitney has joined the companys Board of Directors. He currently serves as the Chairman and CEO of Radiology Partners. Rich is a deeply experienced healthcare leader and entrepreneur who has been at the forefront of changing many areas of healthcare delivery, including kidney care, said Chris Riopelle, CEO of Strive Health. He brings outstanding depth and market knowledge that complements our innovative approach to value-based kidney care. Rich will be an asset to our board and instrumental in our next phase of growth. Rich has spent his career in healthcare services, establishing a long track record of leading, founding and investing in healthcare organizations that have made meaningful change. At Radiology Partners, he has led the company from startup to approximately $2 billion in revenue. As CFO and senior advisor to the CEO of kidney dialysis provider, DaVita, Inc., Rich was integral in growing the company to $11 billion in revenue and over $20 billion in enterprise value. Since the mid-2000's Rich has also been an investor, director and/or chairman of entrepreneurial healthcare companies in areas such as pathology, physician services, clinical laboratories, dialysis, hospitals and behavioral health. He currently serves on the Board of CHG Healthcare and National Veterinary Associates, and has also served as a venture partner and advisor to NEA since 2007. Treating kidney disease is expensive and holds many opportunities to improve the patient journey, said Whitney. Strive Health is transforming the traditional approach to kidney care with advanced technology and high-touch care teams that lower costs and help patients lead better lives. I am excited to join the Board and work with the team. Kidney disease impacts 37 million Americans, most of whom are unaware they have it. A proactive, value-based approach is required for earlier intervention that promotes patient health and well-being. Strive Health integrates technology, including proprietary machine learning algorithms, and clinical infrastructure to improve health outcomes for patients with chronic kidney disease (CKD) and end-stage renal disease (ESRD). About Strive Health Strive Health is the national leader in value-based kidney care and partner of choice for innovative healthcare payors and providers. Strive's model uses a unique combination of high-touch care teams, predictive analytics, advanced technology, seamless integration with local providers, and next-generation dialysis services to form an integrated care delivery system that supports the entire patient journey from chronic kidney disease (CKD) to end stage renal disease (ESRD). Strive partners with commercial and Medicare Advantage payors, Medicare, health systems, and physicians through flexible value-based payment arrangements, including risk-based programs. Backed by New Enterprise Associates, Town Hall Ventures, Echo Health Ventures, and Ascension Ventures, Strive delivers compassionate kidney care the way it should be done. For more information, visit us on Twitter, LinkedIn or at www.strivehealth.com, or email info@strivehealth.com.