Update: EdtechX Holdings (NASDAQ: EDTX) : Trading Update From Meten International Education Group

London, Feb. 25, 2020 (GLOBE NEWSWIRE) —

Trading Update

Meten International Education Group, a leading provider of English language training and future skills in China, today issues an update on current trading.

The Company, who entered into a merger agreement with EdtechX Holdings (NASDAQ :EDTX) on December 12th 2019 to form a new entity Meten-EdtechX, has closed financial year 2019 with gross billings in line with management expectations, and consequently, Meten is on track to meet its 2021 targets of RMB 301.1 million adjusted EBITDA and RMB 230.0 adjusted net income.

Driven by a combination of continuous enhancements to the Company’s digital offering and the impact of the coronavirus epidemic on the Chinese education industry, gross billings for Meten’s online courses increased approximately 287% year-on-year for the period between 1st and 17th February 2020. The number of new paying users during this period grew by 119% year-on-year.

In an effort to contain the virus, the Chinese Ministry of Education and its local Education Bureaus have instructed schools to postpone the start of their spring term until the end of February, at the earliest. As a result, Meten learning centres across China remain closed at present.

Given the gradual decline in the number of newly confirmed cases over the past week, business activities in China’s major cities have started to resume. As such, Meten will also re-open its learning centres as soon as it is permitted to do so by the Chinese Ministry of Education and local Education Bureaus.

The Company’s omnichannel business model has allowed it to maintain continuous service throughout this time of crisis. All existing offline students have been offered a 1-month rollover on their 18-month contracts with Meten and the option to use this one-month tuition credit immediately on the Likeshuo platform.

As part of its relief efforts, in the Hubei Province, Meten is currently providing free online English courses for primary and secondary school students, delivered by its high calibre teaching team. School teachers in the affected areas are also given the opportunity to utilise Meten’s online platform free of charge to deliver courses in other subjects to their students.

Alan Peng, Chief Executive Officer of Meten International Education Group, commented:

“We would like to extend our deepest sympathies to those who have been affected by the coronavirus epidemic. Our priority for the coming weeks is to continue to meet the needs of our customers whilst protecting the health and safety of our employees and providing support for those affected by the epidemic.

“Our Group will continue to abide by Government guidelines regarding face-to-face tuition. Once social order and normal course of business have been restored, we expect a significant rebound in demand for our offline services.”

-ends-

About Meten International Education Group

Meten is a leading ELT service provider in China, delivering English language and future skills training for Chinese students and professionals.

Through a sophisticated digital platform and nationwide network of learning centers, Meten provides its services under three industry-leading brands; Meten (adult and junior ELT services); ABC (primarily junior ELT services) and Likeshuo (online ELT). Superior teaching quality and student satisfaction is underpinned by cutting edge technology deployed across the business, including AI-driven centralized teaching and management systems which record and analyze learning processes in real time. Meten is committed to improving the overall English language competence and competitiveness of the Chinese population to keep apace with the rapid development of globalization. The company’s experienced management is focused on further developing its digital platform and expanding its network of learning centers to deliver a continually evolving service offering to a growing number of students across China.

About EdtechX Holdings Acquisition Corp.

EdtechX Holdings Acquisition Corp., headquartered in London UK, is public acquisition company sponsored by affiliates of a specialist “edtech” investment bank, IBIS Capital, and Azimut Enterprises, a Milan based global asset management firm with approximately $61 billion in AUM. EdtechX listed in the Nasdaq on October 2018, as a Special Purpose Acquisition Company (“SPAC”) with a primary focus on the education, training and edtech sectors globally.

EdtechX is led by Chief Executive Officer, Benjamin Vedrenne-Cloquet, and Chairman and Chief Investment Officer, Charles McIntyre. Benjamin and Charles are long standing business partners and have built businesses in the edtech, media and financial services sectors. Together, they lead IBIS Capital, a leading specialist education and edtech focused investment bank whose advisory arm was involved in the acquisition of Wall Street English China in 2018. In 2013, Charles and Benjamin also co-founded EdtechX Global, a world leading conference and insight network across Europe, Asia and China, gathering over 10,000 companies and 2000 industry leaders, innovators and influencers in the education, training and edtech industries. In addition, Charles McIntyre is Chairman of Learnlight, a leading English tutoring digital platform for corporates. Benjamin Vedrenne-Cloquet is also Chairman of the Board of CFBL (a French English Bilingual College in London).

See Investors Relation webiste: Meten EdTechX

See Introduction Video 

————-

Additional Information and Where to Find It

EdtechX intends to hold presentations for certain of its stockholders, as well as other persons who might be interested in purchasing EdtechX’s securities, in connection with the proposed business combination between EdtechX and Meten, as described in EdtechX’s current report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on December 16, 2019, and the preliminary proxy statement filed with the SEC on January 9, 2020 and the Registration Statement on Form F-4 filed with the SEC by Meten EdtechX Education Group Limited (“Holdco”) on January 9, 2020, as amended on February 13, 2020, and other relevant documents. INVESTORS AND SECURITY HOLDERS OF EDTECHX, METEN AND NEW HOLDCO ARE URGED TO READ THE PROXY STATEMENT, PROSPECTUS AND OTHER RELEVANT DOCUMENTS THAT HAVE BEEN AND WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders will be able to obtain free copies of the proxy statement, prospectus and other documents containing important information about EdtechX, Meten and Holdco once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by EdtechX and/or Holdco when and if available, can be obtained free of charge by directing a written request to EdtechX at yweng@chardan.com; and/or by directing a written request to Meten at Wendy.Zhai@macquarie.com


Participants in the Solicitation

EdtechX and Meten and their respective directors and executive officers, under SEC rules, may be deemed to be participants in the solicitation of proxies of EdtechX’s stockholders in connection with the proposed transaction. Investors and security holders may obtain more detailed information regarding the names and interests in the proposed transaction of EdtechX’s directors and officers in EdtechX’s filings with the SEC, including EdtechX’s Annual Report on Form10-K for the fiscal year ended December 31, 2018. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to EdtechX’s stockholders in connection with the proposed business combination, along with additional information regarding the interests of participants in the solicitation of proxies, is set forth in the registration statement for the proposed business combination filed by Holdco with the SEC and in the preliminary proxy statement filed by EdtechX with the SEC. 


No Offer or Solicitation

This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. 

 

Attachments

Contact:
Investors Relation: 

Website: http://investor.metenedu-edtechx.com/
CitiGate Dewe Rogerson (London)
Tel: +44 (0)20 3926 8538
Email: lucy.eyles@citigatedewerogerson.com
 
Capital Market inquiries: 
Chardan (New York):                                                            Macquarie (Hong Kong):
Yingjie Weng: yweng@chardan.com                                   Wendy Zhai: Wendy.Zhai@macquarie.com


Company: 
EdtechX Holdings: hello@edtechxcorp.com 

Perfect Price Integrates With TRACK To Empower Short-Term And Vacation Rental Operators

Best-of-Breed Revenue Management Meets The Industry Leader in Reservation Technology, Offering Rental Operators A More Seamless Reservation System

OAKLAND, Calif., Feb. 25, 2020 (GLOBE NEWSWIRE) — Perfect Price, the company pioneering AI-driven dynamic pricing and revenue management software, today announced that it has partnered with TRACK, powered by TravelNet Solutions, a property management software solution for short-term and vacation rental providers, to enable joint customers to effortlessly manage and price rental inventory. Built around the industry’s leading CRM, TRACK’s integrated modules deliver the best end-to-end experience for management companies, owners, and guests.

The new software integration, available today, delivers consistent value to property managers by dynamically pricing — and thus generating additional revenue from — properties within the TRACK software. The systems work seamlessly together to apply industry-leading pricing AI to vast quantities of property data. By continuously collecting property availability, rate, reservation, and other relevant information from TRACK, the Perfect Price dynamic pricing engine is able to update TRACK with data-driven pricing recommendations that are designed to maximize revenue. Perfect Price’s dynamic pricing technology works diligently in the background to price properties each day with little or no intervention necessary.

“Property managers today face incredible hurdles manually interpreting historical and marketplace data to know how to accurately price their properties. With TRACK and Perfect Price, this time and resource-intensive work is done automatically,” said Alex Shartsis, founder and CEO of Perfect Price. “Our software dynamically adjusts rates based on a number of factors, such as vacancies, demand, seasonality, and market competition. We also provide tools that track utilization and revenue performance for every property on a monthly basis so that property managers can make informed decisions. We’re excited to offer joint customers the peace of mind knowing that every property will be booked at the exact price that will yield the most revenue at that moment.”

“TRACK is always striving for new integrations that will create efficiency and value to help our clients achieve their goals,” said Ryan Bailey, CEO of TravelNet Solutions. “Our award-winning software, paired with Perfect Price’s next-generation dynamic pricing will empower property managers and owners to create world-class guest experiences that drive long-term revenue growth.”

To learn more about Perfect Price or to speak with a representative about how dynamic pricing may fit within your organization, please visit www.perfectprice.com.

About Perfect Price

Perfect Price uses AI to deliver dynamic pricing optimization through decision automation, identify hidden patterns and anomalies in data in real-time so that large companies can better predict demand, optimize prices and make more money. The only cloud-based AI platform built for pricing and revenue management, Perfect Price uses powerful artificial intelligence to analyze inventory, historical sales data, competitor pricing, consumer demand, and other externalities in order to adjust prices in real-time. Designed for enterprises in dynamic industries, Perfect Price ensures a reliable data-driven approach to pricing that delivers immediate value while eliminating the guesswork, complexity, and cost associated with traditional pricing methods. Founded in 2014 and headquartered in Oakland, California, Perfect Price is backed by leading technology investors. Businesses around the world rely on Perfect Price to maximize revenue, profitability, and growth. For more information, please visit www.perfectprice.com.

About TRACK

Celebrating its 20th year serving the hospitality industry, TravelNet Solutions, Inc. (TNS) provides integrated software and marketing solutions for the hospitality industry including the TRACK Property Management System, CRM, and Call Center as well as a full suite of digital marketing services. TNS is on a mission to transform how hospitality works and our vision of the future is a world where every hospitality company is able to compete on a level playing field. To learn more about how TNS can help you, please visit www.tnsinc.com.

Contact info:

Aaron Endre
press@perfectprice.com

Leading Online Grocer FreshDirect Selects Selligent Marketing Cloud to Drive Personalized Service and Engagement

PALM SPRINGS, Calif., Feb. 25, 2020 (GLOBE NEWSWIRE) — Global B2C marketing automation company, Selligent Marketing Cloud (Selligent), today announced that online direct-to-consumer grocer, FreshDirect, has chosen the company to power its digital marketing efforts. Known for their quality of grocery and service, the partnership will enable FreshDirect to deliver personalized customer experiences leveraging Selligent’s Universal Customer Profile to tie together demographic, behavioral and transactional data for a unified view of the customer.  

FreshDirect is a leading online grocer in the U.S., delivering premium quality fresh-from-the-farm foods and brand-name groceries. In addition to same-day delivery, FreshDirect offers scheduled deliveries for fresh food straight from the source ordered up to seven days in advance, and an on-demand service with a curated selection of fresh food, prepared meals, grocery essentials and other items.

FreshDirect will use Selligent’s email and mobile capabilities to deliver custom and personalized engagement to customers in their preferred channels. Through Selligent’s drag and drop journey map visualization, FreshDirect will be able to easily set up and view entire customer journeys across email, mobile, direct mail, calling campaigns and retargeting.

“Personal, one-to-one relationships are so important for brands like FreshDirect, and they thrive on truly understanding customers’ needs to deliver products and services that match high expectations,” said Karthik Kripapuri, CEO at Selligent. “Activating customer data has never been more important for brands striving for excellence, growth, and tighter bonds with consumers. We are thrilled to be working with FreshDirect to extend their approach to quality, connection and service, which drives ultimate customer experiences and long-term loyalty.”

“We’ve long leveraged technology to help our business package and deliver fresh food to our loyal customers. Selligent will strengthen our technology program to deepen the relationships we have with existing customers and also expand our reach,” said Evan Frank, Sr. Director of Marketing Operations at FreshDirect. “Our business is rooted in quality – not only in our products – but also in the way we engage with our community, delivering truly personalized experiences. With Selligent, we’ll take that customer intelligence and understanding to the next level to better target new customer segments and deliver the level of experiences and excellence we strive for every day.”

FreshDirect joins Selligent’s vast retail and e-commerce client roster with global brands such as Camper Footwear and Kroger-owned Vitacost, among others.

About Selligent

Selligent is an intelligent omnichannel marketing and experience cloud platform that empowers ambitious companies to maximize every moment they engage with connected consumers. With native AI capabilities, a robust data layer, and a powerful omnichannel execution engine, Selligent enables businesses to deliver ultra-personalized and highly relevant customer experiences that speed time to value swiftly and at scale. More than 700 global brands in retail, travel, automotive, publishing, and financial services trust Selligent to help deliver their programs. With offices across the United States and Europe and a global network of partners, Selligent serves over 30 countries with local, personalized service. Learn more at www.selligent.com or connect with the team on TwitterLinkedIn, and our blog.

About FreshDirect
FreshDirect is a food tech company and the Northeast’s leading online fresh food grocer, delivering directly to customers throughout seven states, including the New York City and Philadelphia metropolitan areas, and the District of Columbia. FreshDirect is committed to sourcing the freshest and best-tasting meat, fish, produce, and specialty items through direct relationships with suppliers, growers, and farmers. In 2016, FreshDirect expanded its portfolio with the launch of FoodKick, an on-demand business that caters to the needs of urban dwellers with a curated selection of food, alcohol, and essentials—all delivered in as little as an hour. Launched in 2002, FreshDirect is a privately held company headquartered in Bronx, NY. For more information, visit www.freshdirect.com or www.foodkick.com.   

Media Contact:
Sylvie Tongco, Director of Corporate Communications
Sylvie.Tongco@selligent.com

Mineral Fusion and STYLEBEE Partner to Expand Consumer and Professional Access to Clean Beauty Services and Products

STYLEBEE’S nationwide network of professional stylists provides Mineral Fusion with insights into fashion and color trends while receiving education and exclusive access to their natural cosmetic line and innovation

SAN FRANCISCO NORTH BAY, Calif., Feb. 25, 2020 (GLOBE NEWSWIRE) — Mineral Fusion, the #1 selling EWG VERIFIED™ natural cosmetics line, announces today its official partnership with STYLEBEE, a professional, on-demand beauty app and technology company that helps women conveniently access beauty services from a network of the nation’s top beauty professionals and discover new beauty products. The two companies — each experts in clean beauty, technology and services respectively — will share education, trend and color expertise, in order to bring consumers and professionals alike the most current, cutting-edge clean beauty information, trends and innovation. To kick off the partnership, STYLEBEE is joining Mineral Fusion’s affiliate program and producing their bridal photoshoot in Petaluma, Mineral Fusion’s home base.

“By partnering with STYLEBEE, we are creating a diverse community of world-class makeup artists dedicated to expanding clean beauty education and innovation.” said Virginie Descamps, Group Chief Marketing and Revenue Officer of BWX, a global, natural beauty company with a portfolio of leading brands including Mineral Fusion, Sukin and Andalou Naturals. “STYLEBEE artists are highly trained and create amazing looks for their clients. They are motivated to work with a palette of natural, healthier formulas and colors, and to demonstrate how exceptional and effective clean cosmetics are. In return, their feedback and insights will be invaluable as we develop new color stories and exclusive product ranges. This is a unique opportunity for Mineral Fusion to learn from these talented professionals and support their business.”

“I couldn’t be more excited to partner with Mineral Fusion to further our mission to democratize beauty by bringing the world’s top beauty professionals to everyone, anywhere and everywhere,” said Anna Santeramo, founder and CEO of STYLEBEE. “In addition to introducing our convenient, on-demand services to a new customer base, this partnership ensures that STYLEBEE artists remain on the cutting-edge of clean beauty products and standards — something that our consumers are demanding in record numbers. We are honored to have STYLEBEE serve as Mineral Fusion’s authority on all things color and we look forward to building a partnership that will trailblaze trends in the beauty industry.”

Mineral Fusion will use focus groups as well as shared research and development to engage STYLEBEE’s team of professional artists. The partnership allows Mineral Fusion to explore with STYLEBEE tech-focused beauty trends and develop innovation that is consumer centric and cutting-edge.

To book on-demand, professional beauty services near you, visit www.stylebee.com and learn more about Mineral Fusion’s products at www.mineralfusion.com.

ABOUT MINERAL FUSION

Mineral Fusion began as a mineral cosmetics brand in 2007 focused on developing products that are a fusion of beauty and skin care that focus on correcting flaws, not just covering them up. Since its launch, Mineral Fusion has grown to become the #1 cosmetic brand at natural retailers. The brand is centered around providing clean cosmetics products that don’t compromise on the quality, reliability, exceptional wear, and confidence-boosting performance that consumers know and love. The Mineral Fusion portfolio of products are safe and gentle for all skin types, hypoallergenic and free of gluten, parabens, phthalates, synthetic fragrances, talc and are primarily vegan. In addition to having the most EWG VERIFIED™ products of any beauty brand, Mineral Fusion is also Leaping Bunny Certified cruelty free. Mineral Fusion is available nationwide at Target stores and Target.com, Whole Foods Market and fine natural health and beauty stores. Mineral Fusion was acquired by BWX Limited, a global natural beauty company, in 2017. 

For more information about Mineral Fusion, visit www.mineralfusion.com,
Instagram at https://www.instagram.com/mineralfusion/,
Facebook at www.facebook.com/MineralFusion, and
Twitter at https://twitter.com/mineralfusion.

ABOUT STYLEBEE

STYLEBEE is a technology company that allows you to request beauty and grooming services anytime and anywhere. STYLEBEE was founded with one simple mission, to democratize beauty by bringing the world’s beauty professionals to everyone and letting women discover what works best for their own unique needs. Based in San Francisco, STYLEBEE is today a high-growth company part of Y Combinator program and backed by well-known investors in Silicon Valley. STYLEBEE professionals come to you whether at your home, in the office, or in your hotel room. The company has become a wonderful resource for weddings, photoshoots, corporate photoshoots and helps companies for marketing and activation events, such as beauty bars.

ABOUT BWX

BWX is a global, natural beauty company with a portfolio of leading natural brands in Australia, USA, Canada, UK, China, Korea, and select other international markets. Founded and headquartered in Australia, BWX’s expertise is in innovation, product development, manufacturing and marketing natural products. BWX’s family of natural brands provides consumers with a natural choice for personal care without compromising on performance. BWX inspires the advancement of plant and mineral based science without causing unnecessary harm to the planet. It also says NO to testing its products on animals and believes in giving. The company is actively involved in giving back to causes relating to the environment, social responsibility and empowering women.

Contact: Mineral Fusion PR

Molly Antos

T: (847) 848-2090

mineralfusion-pr@dadascope.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f8e74054-5ac4-4e6b-bf16-21c5506e011f

Nozomi Networks Honored for OT & IoT Cybersecurity Innovation During RSA Conference 2020

Named OT & IoT Cybersecurity Leader 2020 in 8th Annual InfoSec Awards

SAN FRANCISCO, Feb. 25, 2020 (GLOBE NEWSWIRE) — Nozomi Networks Inc., the leader in OT and IoT security, is proud to announce we have won the following award from Cyber Defense Magazine (CDM), the industry’s leading electronic information security magazine:

Market Leader: Operational Technology (OT) & Internet of Things (IoT) Cybersecurity

“We’re thrilled to receive this coveted cybersecurity awards from Cyber Defense Magazine,” said Nozomi Networks CEO Edgard Capdevielle. “It’s an honor to be recognized not only for the industry’s most advanced solutions in OT visibility and security, but also for the innovative work we are doing to bring industrial strength monitoring and threat detection to IoT networks and the cloud.”

“Nozomi Networks embodies three major features the judges look for to become winners: understanding tomorrow’s threats, today, providing a cost-effective solution and innovating in unexpected ways that can help stop the next breach,” said Gary S. Miliefsky, Publisher of Cyber Defense Magazine.

Now in its 8th year of honoring InfoSec innovators, Cyber Defense Magazine’s Infosec is always asking “What’s Next?” leveraging its InfoSec Award program to identify next generation solutions. Award judges are CISSP, FMDHS, CEH, certified security professionals who voted based on their independent review of company submissions.  

Join Nozomi Networks  at #RSAC RSAConference2020, as we share our red carpet experience and proudly demonstrate our trophy-winning  OT and IoT cybersecurity solutions  in the ICS Village and on the RSA Show floor.

About Nozomi Networks
Nozomi Networks is the leader in OT and IoT security and visibility. We accelerate digital transformation by unifying cybersecurity visibility for the largest critical infrastructure, energy, manufacturing, mining, transportation, building automation and other OT sites around the world. Our innovation and research make it possible to tackle escalating cyber risks through exceptional network visibility, threat detection and operational insight.
www.nozominetworks.com

About Cyber Defense Magazine


With over 5 Million monthly readers and growing, and over 17,000 pages of searchable online infosec content, Cyber Defense Magazine and our sister magazine being announced after the show is the premier source of IT Security information. We are managed and published by and for ethical, honest, passionate information security professionals. Our mission is to share cutting-edge knowledge, real-world stories and awards on the best ideas, products and services in the information technology industry.  We deliver electronic magazines every month online for free, and special editions exclusively for the RSA Conferences. CDM is a proud member of the Cyber Defense Media Group, a division of Ingersoll Lockwood. Learn more about us at http://www.cyberdefensemagazine.com and visit http://www.cyberdefensetv.com and http://www.cyberdefenseradio.com to see and hear some of the most informative interviews of many of these winning company executives.

Press Contacts:

Jil Backstrom
jil.backstrom@nozominetworks.com – 303.913.1650
Follow the Nozomi Networks Blog
Follow @nozominetworks on Twitter
Visit and follow the Nozomi Networks Corporate Page on LinkedIn

Mae Llemit
marketing@cyberdefensemediagroup.com – 833-844-9468
www.cyberdefensemagazine.com

Helping Tokyo Utility Sharpen Storm Response as Olympics Near

PSEG Long Island shares best practices in emergency response planning

PR Newswire

UNIONDALE, N.Y., Feb. 25, 2020 /PRNewswire/ — The pressures and challenges a utility faces when recovering from a major storm are magnified when its service area is hosting a premier international event such as the Olympic Games. Recently, PSEG Long Island’s leadership team met and shared their storm-tested emergency planning best practices with executives from Tokyo’s electric utility as it finalizes its plans to support the 2020 Summer Olympics through its stable and secure power supply.

PSEG Long Island shared their storm-tested emergency planning best practices with executives from TEPCO, Tokyo’s electric utility as it finalizes its plans to support the 2020 Summer Olympics.

Tokyo Electric Power Company (TEPCO) serves around 29 million customers through its subsidiary, TEPCO Power Grid. The Tokyo 2020 Olympic Games are expected to bring an additional 600,000 visitors from countries around the world to enjoy 17 days of high-profile, global athletic competition.

“We at PSEG Long Island were honored to be chosen as one of three American electric companies TEPCO’s leadership visited, and we were happy to share what we have learned about emergency planning and storm response in our six years of operations here,” said John O’Connell, PSEG Long Island’s vice president of Electric Operations. “The Olympic Games are among the most significant sporting events in the world, and while TEPCO will do everything in its power to continue its record of outstanding electric service, it is essential to know exactly what everyone will do to safely and effectively handle a severe weather event, should it arise.”

“The outcome of the meeting with PSEG Long Island was above and beyond our expectations. In particular, the rules and systems for disclosing power outage information to customers were very helpful for us,” said Tomoo Geshi, general manager and assistant to the president of TEPCO. “Thanks to the meeting, we now have a clearer image of our goal.”

PSEG Long Island’s leaders welcomed TEPCO executives to Uniondale on Feb. 4, where they offered a deep dive into their strategy for success on Long Island. This included:

  • Long-term efforts to strengthen the grid, such as a more robust tree-trim program, an aggressive replacement of aging poles, and a FEMA-funded project to storm-harden more than 1,000 miles of distribution circuits.
  • Extensive education and communications efforts to make PSEG Long Island customers aware of how the grid is strengthened and what to do in case of an outage.
  • A storm-proven Emergency Response Plan featuring clear restoration priorities; extensive, organized coordination with all levels of local government; and strong, sustained, multiplatform communications with customers and all stakeholders throughout the event.

To learn more about PSEG Long Island’s Emergency Restoration Plan, please visit https://www.psegliny.com/outages/restorationprocess.


PSEG Long Island


PSEG Long Island operates the Long Island Power Authority’s transmission and distribution system under a long-term contract.  PSEG Long Island is a subsidiary of Public Service Enterprise Group Inc. (PSEG) (NYSE:PEG), a publicly traded diversified energy company.


Visit PSEG Long Island at:




www.psegliny.com





PSEG Long Island on Facebook





PSEG Long Island on Twitter





PSEG Long Island on YouTube





PSEG Long Island on Flickr

Contact: 
Media Relations Pager
516.229.7248
mediarelationsLI@pseg.com

PSEG Long Island logo (PRNewsFoto/PSEG Long Island)

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/helping-tokyo-utility-sharpen-storm-response-as-olympics-near-301010926.html

SOURCE PSEG Long Island

ESD Alliance Welcomes Avery Design Systems to Member Community

According to Avery, Export, License Management and Anti-Piracy Committees, MSS Valued Resources, Reasons to Join ESD Alliance

MILPITAS, Calif., Feb. 25, 2020 (GLOBE NEWSWIRE) — The Electronic System Design Alliance, a SEMI Strategic Technology Community representing members in the electronic system and semiconductor design ecosystem, today welcomed Avery Design Systems as a member after its 10-member Governing Council approved Avery’s membership application.

Already a member of SEMI, the global industry association representing the worldwide electronics product design and manufacturing chain, Avery wanted more involvement in the ESD Alliance because of its focus on the design community.

“Being part of SEMI’s broader mission and global reach is part of the ESD Alliance’s attraction to the design community,” states Chilai Huang, Avery’s president and chief executive officer. “For an emerging company such as Avery, the Export and License Management and Anti-Piracy Committees offer a central resource for informed information to address a variety of vexing issues.” Huang also noted the ability to receive the detailed Market Statistics Service (MSS) data as another resource to help Avery make engineering and business decisions.

“We welcome Avery into the ESD Alliance,” remarks Bob Smith, its executive director. “We expect to draw on Avery’s expertise and insights about the verification space to assist us with planning, educational networking events and other timely initiatives of interest and support to that growing community.”

About Avery Design Systems

Avery Design Systems enables system and SOC design teams to achieve dramatic functional verification productivity improvements through the use of

  • SimXACT and SymXprop formal analysis applications for gate-level and RTL X-pessimism verification and real X root cause and sequential backtracing
  • Robust core-through-chip-level Verification IP for PCI Express, CXL, Gen-Z, CCIX, USB, AMBA, Ethernet, UFS, MIPI CSI/DSI, I3C, DDR/LPDDR, HBM, ONFI/Toggle, NVM Express, SATA, AHCI, SAS, eMMC, SD/SDIO, CAN FD, and FlexRay standards
  • Accelerated verification through SimAccel FPGA-based simulation accelerator targeting NVMe SSD and PCIe designs and SimCluster GLS for gate-level parallel simulation

The Avery Design VIP Partner Program includes affiliations with numerous leading IP suppliers.

Engage with Avery at:

Website: www.avery-design.com
Twitter: @avery_design
LinkedIn

About the Electronic System Design Alliance

The Electronic System Design (ESD) Alliance, a SEMI Strategic Technology Community representing members in the electronic system and semiconductor design ecosystem, is a community that addresses technical, marketing, economic and legislative issues affecting the entire industry. It acts as the central voice to communicate and promote the value of the semiconductor design ecosystem as a vital component of the global electronics industry.

Follow the ESD Alliance

www.esd-alliance.org

ESD Alliance Bridging the Frontier blog

Twitter: @ESDAlliance
LinkedIn
Facebook

All trademarks and registered trademarks are the property of their respective owners.

For more information, contact:
     Nanette Collins
     Public Relations for the ESD Alliance
     (617) 437-1822
     nanette@nvc.com

DEADLINE ALERT – Forescout Technologies, Inc. (FSCT) – Bronstein, Gewirtz & Grossman, LLC Notifies Investors With Losses Exceeding $100K of Class Action and Lead Plaintiff Deadline: March 2, 2020

NEW YORK, Feb. 25, 2020 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Forescout Technologies, Inc. (“Forescout” or the “Company”) (NASDAQ: FSCT) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Forescout securities between February 7, 2019 and October 9, 2019, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/fsct.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Forescout was experiencing significant volatility with respect to large deals and issues related to the timing and execution of deals in the Company’s pipeline, especially in Europe, the Middle East, and Africa; (2) the foregoing was reasonably likely to have a material negative impact on the Company’s financial results; and (3) as a result, the Company’s public statements were materially false and misleading at all relevant times.

If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com/fsct  or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Forescout you have until March 2, 2020 to request that the Court appoint you as lead plaintiff.  A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

Homepie lists 107 properties worth a combined $69 Million in First Month of Operation

SIMI VALLEY, Calif., Feb. 25, 2020 (GLOBE NEWSWIRE) — Homepie, Inc®, a provider of do-it-yourself tools for homebuyers and sellers who wish to transact without a real estate broker, announced their 107th property listing in the first 30 days since their launch. Three properties have pending offers from Buyers and transaction closures are anticipated to happen in the coming days.

Homepie is an innovative technological response to the market’s strong demand for a space that enables home buyers and sellers to connect directly with each other in real time. This field of connecting buyers and sellers without a licensed real estate agent is called a peer to peer transaction, allowing parties to avoid real estate commissions.

“Many people are surprised to learn that no law exists that forces a home seller to work with a licensed agent to sell their property,” says Brad Rice, CEO of Homepie. “Our easy to use transaction wizard walks both buyers and sellers through the transaction from start to finish with confidence, while always having live help available.  Homepie provides all of the necessary documents, contracts, and disclosures so consumers don’t have to search for these on their own.  Additionally, our service providers can assist with optional closing services for mortgage, escrow, title, insurance, home inspections, and so much more.”

In Los Angeles County, where the average home value is $535,000 according to housing data provider CoreLogic, keeping the 6% of a home’s value that would normally compensate real estate agents involved in the deal works out to about $32,000 in consumer savings.

Homepie’s website provides a safe, secure platform for guided negotiation of real estate sales online between a home buyer and seller. For those who would like to avoid the largest cost in a real estate transaction, they can manage contracts, provide the required legal disclosures, and all other paperwork needed for property transactions.  These tools are available for free to consumers on Homepie.com. Homepie receives advertising and fee revenue from lenders, inspectors, appraisers, escrow, insurance, and more. However, users of the Homepie platform are not obligated to use these partners.

With over 100 homes on the platform that homebuyers cannot access through a real estate agent, Homepie.com is quickly becoming a valued resource of properties that buyers may not be able to find anywhere else.

About Homepie

Homepie is the place where savvy consumers go for commission-free help to buy or sell homes.  Today, nearly 1 in 10 home sales already close directly between buyer and seller without a real estate agent.  Now, with Homepie’s central online marketplace and a simple step-by-step process, anyone can do the same with confidence. Homepie has all the tools to list, market, search, view, offer, negotiate, and auto-generate a purchase agreement that is digitally signed. Best of all, it’s 100% free to consumers, as the recommended service providers (lenders, insurance, inspectors, etc.) cover the costs. Homepie takes the worry and guesswork out of home buying and selling. Learn how at homepie.com

Media Contact

Sean Crosier 805-507-2238

pr@homepie.com

Photo accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/c6310bd8-a1a3-4329-b266-cd310500ff33

https://www.globenewswire.com/NewsRoom/AttachmentNg/98c6a832-0739-4919-80ef-61021bc436ff

SMART Embedded Computing Announces New PCIe Card for High Density Vo5G and VoLTE

NEWARK, Calif., Feb. 25, 2020 (GLOBE NEWSWIRE) — SMART Embedded Computing, a subsidiary of SMART Global Holdings, Inc., (NASDAQ: SGH) and a leading manufacturer of embedded computing solutions, today announced a new PCI Express (PCIe) card for voice-over-5G and LTE applications (Vo5G/VoLTE). This media processing accelerator add-in card enables high density voice processing to be integrated into rack mounted servers or other network appliances that have PCIe slots. It is designed to make the deployment of the Enhanced Voice Services (EVS) codec, which is in demand for 5G and LTE networks, more cost-effective by significantly increasing channel density.

The PCIe-8130 uses the latest generation of highly efficient digital signal processors (DSP) from Octasic to provide direct offload of the host CPU, eliminating the need for additional servers when adding high density audio transcoding to an application. Network equipment providers can either add or substantially increase the voice channel density within existing systems thereby reducing overall power and space demands for their equipment as it scales to higher throughput. Multiple cards can be added to scale capacity as the subscriber base grows and the card can be deployed as a centralized cloud solution or in central offices at the edge of the network.

“The EVS codec is highly sought-after in 4G and 5G networks, but it is compute-intensive, so the PCIe-8130 is optimized to provide the highest processing capacity per watt and per dollar for session border controllers, media gateways and similar network functions,” said Todd Wynia, Vice President of product management, SMART Embedded Computing. “This PCIe add-in card is ideal to reduce CapEx and OpEx in network voice processing deployments and upgrades through significantly higher voice transcoding density than current technology or standard server processors.”

The EVS codec is designed to support high quality and high efficiency. Unlike its predecessor, AMR, which was used for initial VoLTE deployments and marketed as ‘HD Voice,’ EVS was developed and optimized specifically for LTE. EVS is a feature-rich codec that supports everything from narrow band (NB) to super wide band (SWB) with bit rates starting at 5.9 kbps up to 128 kbps and a multitude of advanced error treatment capabilities.

Technical Details

  • Configurations with 4, 6 or 12 Octasic OCT3032 DSPs
  • Full- or half-length by full-height versions
  • Octasic Vocallo firmware
    • Broad CODEC support
    • Field proven in carrier networks
    • Echo cancellation and voice quality enhancement
    • Packet-based API reduces development time allowing faster time-to-revenue

About SMART Embedded Computing

​SMART Embedded Computing, a division of SMART Global Holdings, addresses the unique application requirements for specialized computing and storage platforms. The SMART Embedded Computing product family delivers intelligent and high-performance solutions for rapidly processing, connecting and analysing data. The solutions include application-ready platforms, enclosures, blades, edge servers and network accelerator cards serving a broad range of markets including government, artificial intelligence, industrial IoT, edge computing, communications and rail and transportation markets.

See www.smartembedded.com for more information.

Media Contact:

Shreek Raivadera
Sandstar Communications
+44 (0) 77 86 26 32 21
shreek@sandstarcomms.com

The stylized “S” and “SMART”, and the stylized “S” combined with “SMART” and “Embedded Computing” are trademarks of SMART Modular Technologies, Inc. All other trademarks and registered trademarks are the property of their respective companies. ©2020. All rights reserved.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f5db51d1-104e-402d-8196-8b0b1a3535aa