A bright idea: Duke Energy helps customers estimate the cost of holiday lighting

PR Newswire

CHARLOTTE, N.C., Dec. 12, 2019 /PRNewswire/ — Holiday lights are going up all across the country, bringing bright colors and welcome cheer. But if you wonder how much your energy bill will go up, Duke Energy has the solution.

Duke Energy, the nation's largest electric utility, unveils its new logo. (PRNewsFoto/Duke Energy) (PRNewsfoto/Duke Energy)

To help customers plan and manage their light displays, Duke Energy offers a holiday lighting energy calculator that estimates holiday lighting costs. Estimate your costs before decorating and incorporate efficient, budget-friendly lighting options.

Holiday lighting calculator:
duke-energy.com/holiday 

Users can identify the type of lights, the number of 100-bulb strands and how many hours the lights will be used per day to estimate the energy cost per day and per month. Based on their lighting selections, customers can receive energy-efficient tips and options.

For example, six 100-bulb sets of large, incandescent bulbs (600 bulbs total) plugged in six hours every evening can add about $75 to a monthly power bill.

By comparison, six 100-bulb sets of similarly styled light-emitting diode (LED) bulbs would increase a monthly power bill by only about $5. Using six 100-bulb sets of mini-LED bulbs would increase a monthly power bill by only 72 cents.

Watts cooking?

Whether you are mixing, roasting or baking your favorite holiday dishes, use our cooking calculator to see the total cost of preparing everything from appetizers to desserts.

Holiday cooking calculator:
duke-energy.com/calculator 

Money-saving tips to combat the cold

As the holiday season heats up, temperatures will cool down. Help save on your winter energy bills with the following tips:

  • The thermostat can be the biggest contributor of high winter bills. Select the lowest comfortable setting on your thermostat when you’re home and then lower the temperature a degree or two when you leave.
  • Change air filters regularly. A dirty air filter makes a heating system work harder, which uses more energy.
  • Inefficient heating can also add to monthly power bills during colder temperatures. Regular service calls from a licensed technician will help to properly maintain your heating and cooling system.
  • The ceiling fan is a great way to stay cool in the summer and warm in the winter. Simply set the fans to operate in a clockwise direction, which pushes warm air back down into the room.
  • On sunny days, leave your drapes or blinds open to allow the sun’s rays to warm the house.
  • Wear warm clothing for additional energy savings at home. If you’re planning a holiday party this season, consider a holiday sweater theme. That way, you can bump down the thermostat a degree or two while your guests stay warm and toasty.

A safe and happy holiday season

Having a happy holiday means having a safe holiday. Before your deck the halls, follow these tips to stay safe and happy this holiday season:

  • Before installing lights, check each set – new and old – for damaged sockets, loose connections and frayed or bare wires. Discard damaged sets or repair them before using.
  • Never use more than three standard-sized sets of lights per extension cord.
  • Plug exterior lights into ground-fault interruptible (GFI) outlets only. If the home lacks outside GFI outlets, call an electrician to install them.
  • Before climbing a ladder, inspect it to ensure it’s in good working condition and follow the weight limits specified on the ladder and manufacturer instructions.
  • Never use a ladder on or near power lines or poles.

For more tips and information on how to save energy and money, visit duke-energy.com

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, and 3,000 megawatts through its nonregulated Duke Energy Renewables unit.

Duke Energy is transforming its customers’ experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit’s regulated utilities serve approximately 7.7 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to more than 1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.

Duke Energy was named to Fortune’s 2019 “World’s Most Admired Companies” list, and Forbes’ 2019 “America’s Best Employers” list. More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy’s illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

24-Hour: 800.559.3853

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SOURCE Duke Energy

Azure Power Wins 2 GW ISTS Solar Project With SECI

PR Newswire

NEW DELHI, Dec. 12, 2019 /PRNewswire/ — Azure Power, a leading solar power producer in India, announced that it has received a letter of award (LOA) for a 2 GWs interstate transmission (ISTS) solar power project with Solar Energy Corporation of India (SECI) to supply power for 25 years at a tariff of INR 2.92 (~US 4.1 cents) per kWh. The solar power project can be developed anywhere in India and is expected to be commissioned in staggered annual phases of 500 MW each with the first commissioning expected by 2022 and full commissioning by 2025. The power purchase agreement (PPA) allows for the waiver of ISTS transmission charges and improved protections from curtailment. As part of the LOA, the company can elect in the next 5 days to double the capacity allocated as part of a greenshoe option.

Azure Power (PRNewsfoto/Azure Power)

The project also comes with a 500 MW cell and module manufacturing capacity requirement. Azure Power has an agreement in principle with a leading Indian solar panel manufacturer to take a majority ownership stake of this manufacturing requirement and the total investment requirement by the company is expected to be limited to 26% of equity investment.

Speaking on this occasion, Ranjit Gupta, Chief Executive Officer, Azure Power said, “This opportunity is attractive to us for many reasons. The tariff is 8% higher than the last discovered tariff for an ISTS project with SECI which is one of the best solar counterparties in India. Now with a 5 GW portfolio, our scale and the predictability of our growth over the next five years should allow us to capture significant efficiencies.” 


About Azure Power

Azure Power (NYSE: AZRE) is a leading independent solar power producer with a pan-Indian portfolio. With its in-house engineering, procurement and construction expertise and advanced inhouse operations and maintenance capability, Azure Power provides low-cost and reliable solar power solutions to customers throughout India. It has developed, constructed and operated solar projects of varying sizes, from utility scale, rooftop to mini & micro grids, since its inception in 2008. Highlights include the construction of India’s first private utility scale solar PV power plant in 2009 and the implementation of the first MW scale rooftop project under the smart city initiative in 2013.

For more information, visit: www.azurepower.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s future financial and operating guidance, operational and financial results such as estimates of nominal contracted payments remaining and portfolio run rate, and the assumptions related to the calculation of the foregoing metrics. The risks and uncertainties that could cause the Company’s results to differ materially from those expressed or implied by such forward-looking statements include: the availability of additional financing on acceptable terms; changes in the commercial and retail prices of traditional utility generated electricity; changes in tariffs at which long term PPAs are entered into; changes in policies and regulations including net metering and interconnection limits or caps; the availability of rebates, tax credits and other incentives; the availability of solar panels and other raw materials; its limited operating history, particularly as a new public company; its ability to attract and retain its relationships with third parties, including its solar partners; its ability to meet the covenants in its debt facilities; meteorological conditions and such other risks identified in the registration statements and reports that the Company has filed with the U.S. Securities and Exchange Commission, or SEC, from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and the Company assumes no obligation to update these forward-looking statements.

Logo – https://mma.prnewswire.com/media/819565/Azure_Power_Logo.jpg

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SOURCE Azure Power

CORRECTION – uBreakiFix Brings Industry-Leading Smartphone Repair to Meadowvale

Tech Repair Franchise Fixes Anything with a Power Button at New SmartCentres Mississauga Location

MISSISSAUGA, Ontario, Dec. 12, 2019 (GLOBE NEWSWIRE) — In a release issued under the same headline on December 11th by uBreakiFix, please note that the phone number in paragraph 10 should have read (905) 824-7001. The corrected release follows:

Industry-leading franchise uBreakiFix brings top-tier smartphone repair to SmartCentres Mississauga in Meadowvale. The new store opened on Dec. 7 and is now fixing smartphones, tablets, computers, and other electronic devices at 3055 Argentia Road.

While common device repairs include smartphones, tablets, and computers, uBreakiFix offers repair service on anything with a power button, including drones, hoverboards, game consoles, and everything in between. To date, uBreakiFix has completed more than 7 million repairs at its more than 540 locations across North America. While common fixes include shattered screens, software issues, and camera issues, the brand offers support for most technical problems on any electronic device, regardless of make or model.

An authorized service provider for both Samsung and Google, uBreakiFix leads the industry in strategic partnerships, providing Samsung Galaxy and Google Pixel customers with manufacturer-backed, same-day repair service using genuine parts. For the customer, this means enjoying all the convenience of walk-in repair without risking their smartphone’s warranty or compromising features like water resistance. uBreakiFix’s repair technicians are professionally trained using manufacturer-grade tools, tests, and processes to return devices to like-new condition.

uBreakiFix Meadowvale is the first location for Iqbal Khan and Ali Asghar, who both have experience in the technology industry. Khan and Asghar are excited to broaden their scope of work within the tech sector and expand into the tech repair space.

“We understand that people have fast paced, busy lives, and because our time is valuable, we must spend those precious moments with people and on things that matter most,” Khan said. “You can drop off your device with us and run errands or meet up with a friend in Meadowvale, where you have so many options to shop or grab a bite to eat.”

“We know that your devices house important content, so fast, reliable, and responsible device repair is important,” Asghar said. “We want to be top of mind when you have technology needs. At uBreakiFix Meadowvale, we will always give you the highest quality customer experience.”

uBreakiFix was founded in 2009 by millennial entrepreneurs Justin Wetherill and David Reiff to fill a gap in the market for affordable, high-quality phone repair. The duo soon partnered with Eddie Trujillo to transition their Internet-based repair brand to a brick-and-mortar model. Together, they opened the first uBreakiFix storefront in Orlando, Florida, followed by 46 additional corporate locations over the next four years. uBreakiFix began franchising in 2013 and currently operates more than 540 locations across the U.S. and Canada.

In 2016, uBreakiFix announced its first authorized service partnership with Google; in 2017, Wetherill ranked among Forbes’s 30 Under 30 in Consumer Electronics; in 2018, uBreakiFix partnered with Samsung as an authorized service provider; and in 2019, the brand celebrated its 10th anniversary, 500th store opening and was acquired by global tech care company Asurion.

“At uBreakiFix, our story has been shaped by an unwavering commitment to continually improving the repair experience for customers,” Wetherill said. “We founded this company to fill a need for high-quality, convenient repair with great service at a fair price. We always say we’re a customer service company first, and a tech company second. As we begin serving Meadowvale and the surrounding communities, we look forward to sharing the care and credibility that define the uBreakiFix experience.”

uBreakiFix Meadowvale is located at 3055 Argentia Road, Building B, Unit B2, Mississauga, ON L5N 8E1 and can be reached at: (905) 824-7001. For more information and to view a service menu, visit https://ubreakifix.com/locations/meadowvale.


About uBreakiFix


Founded in 2009, uBreakiFix specializes in the repair of small electronics, ranging from smartphones, game consoles, tablets, computers, and everything in between. Cracked screens, software issues, camera issues, and most other problems can be repaired by visiting uBreakiFix stores across the U.S. and Canada. Since 2016, uBreakiFix has served as the exclusive walk-in repair partner for Google Pixel customers. In 2018, uBreakiFix became a Samsung Care authorized service provider offering same-day, in-person support for Samsung Galaxy customers across the U.S. In 2019, uBreakiFix joined the Asurion family and now operates as a subsidiary of the tech care company while still maintaining the uBreakiFix brand, leadership, and franchise model. For more information, visit

http://www.ubreakifix.com

.

For more information, contact:
Hannah Schachinger
(404) 314-2188
hannah.schachinger@seesparkgo.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cb15c908-782e-4b9e-8e18-1b24213bf392

Red River Bank adds to banking team in Southwest Louisiana

ALEXANDRIA, La., Dec. 12, 2019 (GLOBE NEWSWIRE) — In addition to the recent purchase of a banking center location earlier this month in Sulphur, Louisiana, long-time Lake Charles, Louisiana banker and community leader Fil Bordelon has joined the Red River Bank commercial banking team.  Bordelon has over 20 years of experience in commercial and agricultural banking in Southwest Louisiana.  He is a Marksville native and graduate of Louisiana State University.  Bordelon joins the Red River Bank Lake Charles team of Barry Brown, who has been responsible for Red River Bank’s entry and growth in the Lake Charles community, and local private banking specialist, Lesley Warren. 

Blake Chatelain, Red River Bank President and Chief Executive Officer said, “As we continue to strategically move into other areas of Louisiana, it’s important to add quality bankers who are customer-focused. Fil is a great fit for the Red River Bank team and will provide excellent service and financial expertise for our commercial customers.”   


About Red River Bank


Red River Bank is the sixth largest Louisiana-based community bank and serves customers from its 24 banking centers in and surrounding Alexandria, Shreveport/Bossier City, Baton Rouge, Lake Charles and
Covington, Louisiana. Headquartered in Alexandria, Louisiana and founded in 1999, the bank specializes in financial services and solutions for Louisiana consumers and small to mid-size businesses. Red River Bank is a subsidiary of Red River Bancshares, Inc., which trades under the trading symbol RRBI on the NASDAQ Global Select Market. Additional information can be found
at redriverbank.net.


Media Contact:

Evelyn Jones, Marketing Director
ejones@redriverbank.net        
318-561-5903-office  318-664-1513-cell 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2c6a0f24-abd4-417d-b5ad-24bbc9afa36d

AI-powered Morphio raises $1M to remedy a shortage of skilled digital marketers

Seed Round Values Canadian Scale-up at $5M

TORONTO, Dec. 12, 2019 (GLOBE NEWSWIRE) — Morphio, the AI platform for digital marketers, has closed a $1M seed round. The funding will help accelerate customer acquisition of US-based marketing agencies and in-house teams alongside strategic enhancements of the two-year-old AI platform. Morphio is currently helping early adopters take control of their digital data and decision making with invaluable information and unparalleled insight.

Morphio integrates all Google, Facebook, Microsoft, and LinkedIn marketing analytics products so that digital marketers and business leaders can assign and automatically track financial results in addition to measuring, monitoring and optimizing tactical key performance indicators.

“2020 will be the first time in history that US advertisers will spend more on digital than traditional media. But mainstream marketers are not learning, training and scaling on pace with the innovation and related complexity of Google, Facebook, and other major ad platforms. This is the problem that Morphio is addressing for fast-growing SMBs,” said Morphio CEO Eric Vardon.

Real AI that delivers, every day

Unlike many bandwagon opportunists that are attempting to attach themselves to AI, Morphio is a proven AI platform that was incubated in 2017.

Morphio has been validated by both big brands and SMBs from a wide range of sectors including eCommerce, fitness, education, financial services, FMCG, healthcare, house & home, insurance, real estate, and residential services.

“We learned that AI is not just for big corporates and when applied correctly it helps level the playing field between small and large teams,” said Vardon. “If digital marketing teams are willing to learn about AI and explore new workflows, we expect to save our customers millions, maybe billions of marketing dollars while providing security and peace of mind that their marketing investments are being effectively managed.”

Forecasting is the future

Marketers have learned that more significant ROI requires strategic, consistent and frequent optimizations to digital ad campaigns and websites. Morphio automates and analyzes data-driven decision making based on KPIs and flags anomalies and unusual behavior faster than humanly possible.

Morphio’s AI predicts digital performance and recommends optimizations including how budgets could be better distributed between the Google, Facebook, Microsoft and LinkedIn advertising platforms.

“We have combined AI with an intuitive UI to help digital marketers avoid mundane and repetitive tasks like manual data aggregation, pivot table manipulation, ad platform jumping, trend identification, and more advanced analysis so teams can focus on the complex and rapidly changing digital landscape,” said Morphio CTO Nima Mirbakhsh, who holds a PhD in Computer Science from Western University.

Resources


https://techcrunch.com/2019/02/20/emarketer-digital-ad-forecast

  • eMarketer predicts that U.S. digital ad spend will increase 19.1 percent this year, to $129.3 billion, while traditional advertising will fall 19 percent, to $109.5 billion. That means digital will account for 54.2 percent of the total, while traditional will only represent 45.8 percent.


https://blog.linkedin.com/2019/january/10/linkedins-most-promising-jobs-of-2019

  • LinkedIn data showcases agencies and in-house marketing team will continue to face stiff competition for talent
    • Creativity is the most in-demand soft skill
    • Analytic Reasoning is the most in-demand hard skill
    • Data Scientist is the most promising job in the U.S.

About Morphio – #HelpYourHumans

AI-powered Morphio integrates all Google, Facebook, Microsoft, and LinkedIn marketing analytics products so that digital marketers and business leaders can assign and automatically track financial results in addition to measuring, monitoring and optimizing tactical key performance indicators (KPIs).

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3560fa35-cbed-4565-af4e-96a7bddd6870

Media Contact
Nathaniel Hawthorne 
Tel: (661) 965-0407
morphio@brands2life.com

Cerego Exceeds One Billion Learner Interactions, Continues Growth in Corporate Sector

Learning software leader scales personalized learning to drive workplace productivity

SAN FRANCISCO, Dec. 12, 2019 (GLOBE NEWSWIRE) — Cerego, the learning software that uses cognitive science and machine learning to make students and professionals smarter, today announced it reached one billion learner interactions on its platform, bringing lessons on critical workplace and academic subjects to millions of learners worldwide. This milestone highlights the company’s sizeable growth over the last year and reflects its vision to increase learning efficiency in both the corporate and academic sectors.

Cerego’s platform leverages spaced repetition and predictive analytics, enabling users to practice and review important material at the exact moment they are about to forget the information. On average, learners in Cerego interact with each learned concept for one to two minutes over time, in bite-sized pieces. By scheduling these interactions over days or weeks, Cerego’s learning algorithms ensure students and professionals actually retain what they’ve learned. These one billion interactions on the Cerego platform reveal the scale at which users are adopting spaced repetition and the effectiveness of the method, which has been proven to increase training ROI for the organizations that leverage Cerego. Additionally, with one billion interactions on the platform, Cerego has accumulated one of the largest learning datasets outside of academia, enabling Cerego to continuously improve their product and learner interactions.

“Translating content into dynamic, personalized lessons offers employees and students a more effective way to learn, regardless of the subject,” said Paul Mumma, CEO of Cerego. “With a new decade on the horizon, we’re in an age where we’re moving away from linear careers and outdated learning practices like cramming. Learning for the long term has never been more essential, and Cerego enables that. It’s been our mission to bring effective learning to more people, in more places — and with one billion learner interactions, we’re on our way to achieve that goal.”


Thousands of corporate entities turn to Cerego for more effective workplace training


TechStyle Fashion Group
, the parent company of brands like Savage X Fenty, JustFab, and Fabletics, has implemented Cerego at scale to train its call center representatives more effectively. Customer service representatives serve customers across all five of TechStyle’s brands and offer support primarily through voice and chat. Cerego enables TechStyle to quickly onboard representatives and encourages sustained learning for topics including brand-specific policies, shipping and returns, and merchandise specifics. TechStyle also leverages Cerego to teach privacy requirements like GDPR and CCPA in California, and has plans to build out management training. Within one month of signing up with Cerego, TechStyle launched multiple courses to nearly one thousand representatives, improving the way they learn and retain information.

“Our call center employees are based in five locations on three different continents, so they’re often not familiar with the laws and regulations of the countries TechStyle serves,” said Crina Sonia Petre, Senior Manager, GMS EU Training & Standards at TechStyle. “Plus, agents are working across multiple brands, and each one has its own policy and customer service requirements. Never before have we been able to create training content at this scale and see the wide-spread impact. With Cerego, training doesn’t stop. It provides the tools needed to constantly stay up to speed on information, so our agents can keep the customer experience at the quality our brands and customers expect.”

TechStyle joins the ranks of thousands of organizations worldwide that optimize learning and retention with Cerego. Given that Cerego is content agnostic, the platform is widely applicable across multiple verticals. The U.S. Army trains soldiers on life-saving techniques with Cerego, while educational travel platform Road Scholar trains its staff with the technology. Large enterprises like Becton Dickinson, Rockwell, and Target are also amongst Cerego’s customer base. Outside the corporate sector, Cerego is implemented across academia, with thousands of K-12 programs and universities like NYU College of Dentistry, Bryan University, and Arizona State University using Cerego to make sure learning doesn’t just happen in the classroom. Cerego plans to substantially expand its learner base in the next year, bringing effective learning to more people, in more places, and optimizing human potential across every sector.

About Cerego

Cerego is a new kind of learning software that uses cognitive science and machine learning to improve educational and workplace outcomes. The proprietary learning engine at the heart of the platform continuously adapts and enhances the learning experience to meet every individual’s needs, while predictive analytics deliver actionable data to educators and managers. By improving the learning experience, Cerego aims to unlock the promise of education and training, ultimately helping people reach their full potential. For more information about Cerego visit: www.cerego.com

Press Contact:
LaunchSquad
cerego@launchsquad.com
415.625.8555

Zephyr Real Estate Annual Bay Area Theme Calendars Now Available

SAN FRANCISCO, Dec. 12, 2019 (GLOBE NEWSWIRE) — For nearly 30 years, Zephyr Real Estate has been creating calendars featuring themes unique to the Bay Area as gifts to colleagues and clients. This year is no exception, and the captivating theme is Islands of the Bay Area. Each month offers information about 13 of the more than 20 islands in and around the Bay, from the iconic island of Alcatraz to the forgotten ghost town of Drawbridge on Station Island.

Several of the islands are quite small and uninhabited with the exception of many species of wildlife. Some of those islands are protected habitats and breeding grounds for California shorebirds. Other lesser known islets include Brooks Island, Marin Islands and Red Rock Island, all of which have an interesting story to tell.

As part of the tradition, Zephyr chooses a charitable recipient to receive proceeds from the calendars. This year the National Audubon Society will receive those proceeds to support their important work to protect state birds and preserve their environs.

Past years’ calendars have featured movies set in San Francisco, famous stairways and slides, historic pubs and bars, secret gardens, and local artists. Donation recipients have included North Valley Community Foundation for Wild Fire Victims, ArtSpan, San Francisco Museum and Historical Society, and the San Francisco Parks Alliance. The calendars quickly become keepsakes and feature an abundance of local lore and some of the City’s best-kept secrets.

“Working on our yearly calendar’s theme is always a fascinating process of discovery,” remarked Melody Foster, Zephyr’s Chief Experience Officer. “We often learn about features of our community that we never knew were there. We hope everyone enjoys exploring the Bay’s islands as much as we did.”

A limited number of calendars are available on a first-come-first-serve basis. Please contact a Zephyr Real Estate agent or email Zephyr at inquiries@zephyrsf.com.

About Zephyr Real Estate

Founded in 1978, Zephyr Real Estate is San Francisco’s No. 1 independent real estate firm with over $2.4 billion in gross sales and a current roster of more than 350 full-time agents. Zephyr’s highly-visited website has earned two web design awards, including the prestigious Interactive Media Award. Zephyr Real Estate is a member of the international relocation network, Leading Real Estate Companies of the World; global luxury affiliate; the local luxury marketing association, LuxeSF; and the regional luxury real estate affiliation, the Artisan Group. Zephyr has nine locations across San Francisco, Marin, Alameda and San Mateo Counties and two brokerage affiliates in Sonoma County, all strategically positioned to serve a large customer base throughout the San Francisco Bay Area. For more information, visit www.ZephyrRE.com.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/520b1cd7-2425-4642-b623-501dedfd1440.

Media contact: Melody Foster
Zephyr Real Estate
San Francisco, CA
415.426.3203
melodyfoster@zephyrsf.com

NEP GROUP PARTNERS WITH EUROVISION SERVICES TO EXPAND MEDIA SOLUTIONS BUSINESS IN THE U.S.

PITTSBURGH, Dec. 12, 2019 (GLOBE NEWSWIRE) — Eurovision Services (ES), the first-choice media services provider for media organizations and sports federations around the world, and NEP Group, the leading worldwide outsourced technical production partner to premier content producers of live sports and entertainment, have announced a new partnership in the U.S.

As part of NEP’s Media Solutions business, NEP’s media asset management platform Mediabank will move into the Eurovision Americas Inc. facility in Washington, D.C. The new partnership allows the two companies to offer a set of integrated media management and distribution solutions to broadcasters and rights holders, enabling clients to quickly and seamlessly search, review, collaborate and share content across platforms.

Mediabank, an award-winning, cloud-based toolbox with an intuitive, user-friendly interface, allows clients to access their media files from anywhere, anytime. Mediabank has powered major events across the globe and is proud to now support clients like ESPN in the U.S. ES will offer connectivity and transmission services at its D.C. facility through its Eurovision Global Network, allowing U.S. clients to manage their workflows and media content files faster and more efficiently through Mediabank.

“We’re delighted to partner with NEP and have them as a tenant in our D.C. facilities, where we are providing NEP with bi-directional transmission services to support the launch of their Mediabank service in the United States,” said Roch Pellerin, President of Eurovision Americas Inc.

“Our partnership with Eurovision helps to ensure that the power of Mediabank is available to the clients and markets we serve in the U.S.”, said Jay Deutsch, Director, U.S. Media Solutions for NEP. “The D.C. facility we built enables off-premise live ingest capability to Mediabank and sets the stage for highly efficient ways of working with live content. This is the first of many solutions I expect to come out of this next-generation production facility. We couldn’t be more excited about it.”

To learn more Mediabank and all of NEP’s global media solutions visit nepgroup.com.

# # #

About NEP

For over 30 years, NEP has been a worldwide outsourced technical production partner supporting premier content producers of live sports, entertainment, music and corporate events. Our services include remote production, specialty capture, RF and wireless video/audio, studio production, audio visual solutions, host broadcast support, post production, connectivity and transmission, premium playout and innovative software-based media management solutions. NEP’s 4,000+ employees are driven by a passion for superior service and a focus on technical innovation. Together, we have supported productions in 88 countries on all seven continents.

NEP is headquartered in the United States and has operations in 24 countries. Learn more at nepgroup.com.

About Eurovision Services

Great events don’t happen by accident. Event organizers, media organizations and sport federations need adaptable, end-to-end solutions to produce, distribute and personalize content to the right audiences, at the right time, in the right format. We aim to be the first-choice media services provider to clients by providing new, better and different ways to simply, efficiently and seamlessly access and deliver content and services.

Our service portfolio is designed to offer the agility and ability to enhance and adapt content to the needs of all digital platforms. But what really sets us apart is that we see the bigger picture. As an EBU company, we are in a unique position to understand the needs and challenges our clients face. That’s why we guarantee to maximize their content value while leaving them free to focus on every other aspect of running the most successful event possible.

We are Eurovision Services. We deliver excellence in everything we do, to leave others free to focus on what really matters – creating truly amazing experiences.

Discover more about Eurovision Services at www.eurovision.net.

 

 

Attachment

Susan Matis
NEP Group
+1 412 423-1339
press@nepgroup.com

Paul O’Neil
Eurovision Services
+41 22 717 23 70
oneil@eurovision.net

Fannie Mae Completes Multi-Tranche Credit Insurance Risk Transfer Transaction on Nearly $10 Billion of Multifamily Loans

PR Newswire

WASHINGTON, Dec. 12, 2019 /PRNewswire/ — Fannie Mae (OTCQB: FNMA) announced that it has completed its third and final multi-tranche Multifamily Credit Insurance Risk Transfer (MCIRT™) transaction of 2019 covering a pool of approximately $9.9 billion of existing multifamily loans in the company’s portfolio. This new transaction, MCIRT 2019-03, is the seventh Multifamily CIRT transaction as part of Fannie Mae’s ongoing efforts to increase the role of private capital in the multifamily mortgage market and mitigate risk for U.S. taxpayers.

“Our most recent multifamily credit risk sharing transaction transferred approximately $293 million of risk to reinsurers and insurers,” said Jonathan Gross, Vice President, Multifamily, Fannie Mae. “Looking ahead to 2020 and depending on market conditions, we expect to complete approximately one MCIRT offering per quarter.”

The covered loan pool for the transaction consists of 1,042 loans, secured by 1,060 multifamily properties, acquired by Fannie Mae from March 2019 through June 2019. Each loan has an unpaid principal balance of $30 million or less.

With MCIRT 2019-03, which became effective November 1, 2019, Fannie Mae will retain risk on the first 75 basis points of losses on the reference pool. The C tranche will transfer risk to reinsurers covering losses between 75 basis points and 150 basis points. The B tranche will transfer risk to reinsurers covering losses between 150 and 275 basis points. The A tranche will transfer risk to reinsurers covering losses between 275 and 400 basis points. Once the pool has experienced 400 basis points of losses, the credit protection will be exhausted and Fannie Mae will be responsible for any further losses.   

Fannie Mae’s MCIRT program shares risk with diversified reinsurer and insurer counterparties. It supplements our Delegated Underwriting and Servicing (DUS®) program where originating lenders routinely share approximately one-third of the credit risk on multifamily loans.

Since 2016, in addition to the risk retained by our DUS lender partners, Fannie Mae has transferred a portion of the credit risk on multifamily mortgages with an aggregate unpaid principal balance of more than $71.8 billion through our MCIRT program.

Fannie Mae continues to bring transparency to the market with our new Multifamily CRT website where investors can find our Multifamily Loan Performance Dataset and information about our Multifamily Credit Risk Management structure.

More information on Fannie Mae’s credit risk transfer activities is available at: https://www.fanniemae.com/portal/funding-the-market/credit-risk/index.html.

Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow us on twitter.com/FannieMae.  

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SOURCE Fannie Mae

Preformed Line Products Announces Quarterly Dividend

PR Newswire

MAYFIELD VILLAGE, Ohio, Dec. 12, 2019 /PRNewswire/ — The Board of Directors of Preformed Line Products (Nasdaq: PLPC) on December 10, 2019, declared a regular quarterly dividend in the amount of $.20 per share on the Company’s common shares, payable January 21, 2020 to shareholders of record at the close of business on January 2, 2020.

Preformed Line Products - The connection you can count on. (PRNewsfoto/Preformed Line Products)

Founded in 1947, Preformed Line Products is an international designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for energy, communications and broadband network companies.

Preformed’s world headquarters are in Mayfield Village, Ohio, and the Company operates two domestic manufacturing centers, located in Rogers, Arkansas, and Albemarle, North Carolina.  The Company serves its worldwide market through international operations in Argentina, Australia, Austria, Brazil, Canada, China, Colombia, Czech Republic, England, France, Indonesia, Malaysia, Mexico, New Zealand, Poland, Russia, South Africa, Spain and Thailand.

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SOURCE Preformed Line Products Company